Tech

Share to Twitter Share to Linkedin While not all startups are high-tech, almost all of them include some kind of technology. This is usually where their innovation and scalability (hence huge upside potential) come from. So, handling the technological side of your business effectively is crucial for your overall success. This doesn’t mean just understanding the actual tech, but also understanding how it integrates into your business and how to handle and invest in it strategically. Here are some basic rules of thumb which are important to understand for both technical and non-technical founders. 2. Building Something For Too Long Without Customer Feedback If you are a tech founder, your zone of comfort would often be to close yourself to the outside world and build the best possible version of your idea. This, however, is the cardinal startup sin. Wasting a lot of money, time, and effort on something you are not certain the market wants is a … [Read more...] about 3 Common Tech Mistakes For Early-Stage Startups

A screen in Hana Bank's trading room in central Seoul shows the Kospi closing at 2,155.49 points on Friday, down 15.44 points, or 0.71 percent, from the previous trading day. [NEWS1] A tech rout that started in the United States hit Korea hard and dragged local IT companies down. The session on Friday in Seoul was choppy and indecisive, with big names hitting 52-week lows early in the day only to recover later in the day as institutional investors bought on a slight strengthening in the won and expectations of a recovery next year. Samsung Electronics fell to 51,800 won ($36) at 9:55 a.m., a new 52-week low and down 1.5 percent from the previous day's closing price, before bouncing back to close at 53,100 won, up 0.95 percent for the day. It has touched new 52-week lows for six consecutive trading days. The bearish investment sentiment came as the Korean tech company is projected to report a substantial fall in sales and profits during the third quarter, affected by the weak … [Read more...] about Tech retreat in U.S. drags Korea’s biggest names to recent lows

Share to Twitter Share to Linkedin Joshua Siler is CEO of HiringThing , a modern recruiting PaaS that enables seamless hiring with integrated applicant tracking. HR tech investment is growing. Business investments in HR tech have risen 57% since last year , with strong focuses on learning and development, recruiting, retention, wellness and benefits. HR leaders are looking to DEI initiatives that help improve the recruitment and retention of a more diverse workforce. Experts expected IT budgets to grow 3.6% this year , representing the fastest year-over-year growth in over a decade. Organizations put much time, resources and thought into a new HR tech partnership. A 2022 HRIS report found that it takes an average of 15 weeks for customers to pick an HR system. It can be a daunting task and a significant investment, which is why I’m here to help. Five Important HR Tech Considerations Below you’ll find five crucial considerations … [Read more...] about What To Consider Before Investing In HR Tech

Share to Twitter Share to Linkedin Scott Stephenson, CEO and co-founder of Deepgram . Experts have been discussing The Great Resignation for a while now, a mass exodus of talented individuals leaving their jobs searching for greener pastures, and it’s only fitting that after a year and a half of the “new normal,” employees are reevaluating their relationships with their companies. Tech workers are no longer compelled to come into an office five days a week, and they’ve proved that they can easily do their jobs from anywhere. This has caused them to consider what they want to be doing with their lives, given the flexibility to chase their hobbies and dreams. As a result, talented, ambitious and highly capable tech workers are realizing they are wasting their talents at large tech firms that are slow to innovate and are leaving those jobs in favor of startups — and it’s no longer for the in-office perks. Here is a breakdown of why we’re … [Read more...] about Why Talented Workers Are Leaving Big Tech For Startups

Share to Twitter Share to Linkedin Whatever a product-based business produces or sells—whether it’s software, sedans, sandals or salsa—it’s essential to keep up with the latest developments in technology. The Covid-19 pandemic, for example, ushered in an explosion in e-commerce, with many product businesses starting or expanding their online retail operations. That trend is not the first time technology has revolutionized product-based business operations, and it certainly won’t be the last. The tech trends experts see coming to product-based enterprise include tools and services to reach new customers, generate marketing copy, collect and analyze customer data, and even take over the actual manufacture of products (and much more). Below, 16 members of Forbes Technology Council discuss the new and emerging tech developments they believe will have a big impact on product-based businesses. 1. Large Language Models Large language models, such as … [Read more...] about 16 Tech Trends Poised To Make A Big Impact On Product-Based Businesses

Share to Twitter Share to Linkedin Norwegian startup stakeholders met this week during Oslo Innovation Week to discuss how to scale impactful solutions and overcome bottlenecks in order to stay ahead in the climate tech game. The Oslo Innovation Week is a collaboration between public and private, startup organisations and corporates, local and global companies. The conference has since 2005 been supported by the City of Oslo, with the aim of bringing sustainable business solutions to the UN's Sustainable Development Goals. According to the data aggregator website Datawrapper, Norway is the country with the lowest vulnerability to climate change, while being the most skilled at managing to protect itself from dire climate disasters. This can imply climate mitigation policies and initiatives, but also to increase investment to finding technological solutions to avert climate change. Climate tech and cleantech refers to technologies that address the … [Read more...] about How Norway Plans To Stay Ahead In The Climate Tech Game

Imagee Credits: Built In Indian software-as-a-service (SaaS) companies have frozen hiring or are recruiting judiciously as recession looms over the key US market and investors and HR experts put pressure to cut costs. "We are not hiring aggressively with the US Fed's stand and a fear of global recession. Not just SaaS but all companies are staying very cautious," said Girish Mathrubootham, chief executive and founder of Freshworks, in an earlier interaction with Moneycontrol. “But we continue to hire in our go-to-market and with the macroeconomic conditions we want to also be more conservative in hiring,” Mathrubootham said. Russia-Ukraine war, a massive hit on the supply chains, runaway inflation and Fed’s aggressive interest rate hikes may lead to a recession in the US. Experts are also concerned about the US recession spilling across the globe. Business slowdown Mathrubootham said that his company witnessed an impact on its businesses in Europe, especially in its … [Read more...] about SaaS firms freeze or cut down hiring as US recession looms

Share to Twitter Share to Linkedin “No, policymakers are not aware. But quite frankly, that's my job. My job is to educate the policymakers because I'm the CEO of the company that makes that product. So it's my job to educate them and get them to understand.” That was part of what Craig Jones, the CEO of Forever Energy , told me when I interviewed him in mid-September. Jones said he has been making frequent trips to Washington, DC to build support for his company’s proposed project to manufacture vanadium flow batteries at scale in the United States, from a factory/processing complex he hopes to base at the Caddo-Bossier Port near Shreveport, Louisiana. The question I had posed to Jones was whether he thinks the regulators and members of congress with whom he has been meeting firmly understand that an energy transition from America’s current fossil fuel-heavy energy mix to one that relies more on renewables like wind and solar, along with electric … [Read more...] about The Long-Sought Step-Change In Renewable Energy Battery Tech May Have Arrived

Share to Twitter Share to Linkedin The principles and practices of the agile movement are quickly moving beyond the IT department and into how firms run their day-to-day business. This new way of organizing and running business gains further impetus by the headlong rush to use digital transformation to gain competitive advantage, which often requires changing a company’s operating model through many iterative steps known as a journey. Using the agile approach, they minimize risks and can validate that their efforts are meeting the desired outcome as they move forward on their journey. Unfortunately, many companies see these benefits of an agile approach, but they struggle to do that. What are they missing? A key element that many firms miss is the necessity to change their corporate culture to support an agile environment. At the heart of this cultural change is the long-standing practice of penalizing failure. In traditional organizations, executives … [Read more...] about Digital Transformation Success Depends on Agile Approach to Change

- A + A SINGAPORE (Sept 30): Singapore's Temasek Holdings said that market valuations had not yet priced in a global economic recession and that said the state investor was waiting for further declines before stepping up investments. "Current valuations are not reflecting the risk of downturn we see in the next 12 to 18 months," Temasek's chief investment officer Rohit Sipahimalani said on Friday (Sept 30). "I do expect as these valuations correct, we will again step up our pace of investment," Sipahimalani told a session at the Milken Institute Asia Summit in Singapore. Temasek remains committed on its four major investment trends, including digitisation, longer lifespans, sustainable living and the future of consumption, he said. "I think those trends are still valid," he said. "For the long term, we will continue investing alongside them with a few nuances." Stock markets globally have fallen sharply this year as big increases in interest rates by … [Read more...] about Temasek to step up investments once market valuations drop further, executive says