Provides much data

Share to Twitter Share to Linkedin Jen Kirk serves as the Chief of Staff of Revalize , a leading software provider building the future of manufacturing technology. As humans, we crave connection. When we are isolated or when our social bonds are threatened, we suffer. We instinctively know we are in trouble in relationships when we aren’t “talking” to each other. Similarly, in a world where everything is enabled by information, disconnected data is a death knell to any business or organization. Recognizing all the digital signals and making sense of them gives leaders the advantage of anticipating their biggest challenges and responding to them in real time. However, to make the most of this data, businesses must eliminate the noise, identify the most important pieces and deliver that information to the people who will act on it to make a difference. This process requires fast, easy and efficient access to relevant information. Through … [Read more...] about The Secret To Business Success Tomorrow? Accelerating Data Flow Today

Share to Twitter Share to Linkedin Founder and Managing Principal of DBP Institute . I help companies transform technology and data into a valuable business asset. Today, organizations of all types are looking at leveraging data and analytics (D&A) for improved business performance and outcomes. D&A can provide EBITDA (Earnings before interest, taxes, depreciation and amortization) increases of up to 25% according to a McKinsey report. Nine of the top ten innovative companies globally, as rated by the Boston Consulting Group (BCG), are data firms. However, despite being data-rich and having high data analytics ambitions, the BCG report also notes many companies are poor in delivering business value from D&A projects and only a few achieve those ambitions. Statistically, only 20% of the D&A solutions deliver business outcomes and 87 percent of D&A projects never make it to production. The reasons for the poor dismal metrics on … [Read more...] about Five Key Criteria To Identify The Right Data And Analytics Project

Share to Twitter Share to Linkedin Nitish Shrivastava is Senior Vice President and Head of Products at Persistent Systems . On January 5, 2023, Microsoft CEO Satya Nadella spoke to a gathering in Mumbai attending the Microsoft Future Leadership conference. Nadella covered many topics, including technology, innovation and futuristic trends. One topic, in particular, caught my attention. Nadella spoke about something called productivity paranoia . The term was coined in response to a Microsoft research study that uncovered the contradictory nature of how managers and employees view their progress (or lack) in productivity in the wake of post-Covid-19 events and paradigm shifts. In particular, one statistic caught my eye: Nadella mentioned that 85% of surveyed managers reported that the “shift to hybrid work has made it challenging to have confidence that employees are productive.” They point to challenges involved in remote working: among … [Read more...] about Why We Need To Take A Data-Driven Approach For Measuring Productivity

Share to Twitter Share to Linkedin Mateus Hernandes Rodrigues—Director of International Operations at DB1 Global Software . Under development by the Federal Reserve, FedNow is a U.S. instant payment service designed to provide a fast, safe and efficient way for individuals and businesses to conduct real-time financial transactions. Inspired by the Brazilian PIX, in my previous article, Five Lessons From Brazil For Implementing FedNow , I mentioned some preparations that technology companies may have. I will now provide more detailed information on key resources, stakeholders and technical information about the service. Unlike other instant payment methods, such as PayPal, FedNow is being developed and operated by the Federal Reserve rather than a private company. This means that it will be supervised directly by the institution and will be subject to the same regulations and supervision as other payment systems that are operated by it. The … [Read more...] about On The FedNow Service: What To Expect From The First Version

Share to Twitter Share to Linkedin Updated with news of Google’s $300 million investment in chatbot-maker Anthropic, paragraph 9. ChatGPT has hit an estimated 100 million monthly active users making it the fastest growing consumer internet application in history according to a UBS study. UBS analysts peg its total addressable market to be $1 trillion, reported Yahoo Finance . Ever since its launch on Nov. 30, the clever ask-me-anything tool has been the go-to-resource for advice on just about any topic it’s been trained on and can complete complex tasks like debugging code, doing research and writing articles in an endearing human-like tone. Some news organizations like BuzzFeed have embraced it, striking a $10 million deal with Meta to provide Facebook and Instagram with AI-generated content leveraging the technology, according to Reuters . While others like Forbes have banned it. And there’s been a proliferation of AI detectors popping up to stop … [Read more...] about ChatGPT Hits 100 Million Users, Google Backs Claude Bot And CatGPT Goes Viral

Over the past two days, I must have had 20 conversations with people anxious about the impacts of AI on their work and livelihoods. Of course, I might have been seeking out those conversations because, as an academic and contributor to several business publications, I am also anxious! Creators, artists, coaches, programmers, doctors, writers, experts, and thought leaders are grappling with the implications of generative AI such as ChatGPT , DALL-E , and other advanced AI products on their jobs, passions, and income. On the one hand, it may seem like a dream come true. You can benefit from AI helping you work faster. Perhaps, better. On the other hand: So does everyone else and their hamster. Especially since it seems that anyone can look like an expert and creator with the help of AI. It can, after all, write a job application good enough to be short-listed, pass portions of the U.S. medical licensing exam and the bar exam , produce code , text, and sellable art … [Read more...] about Does ChatGPT mean the end of ‘thought leaders’?

The yield on the benchmark government bond is likely to ease in the coming months with uncertainty over domestic conditions lifting and lower-than-expected borrowing numbers announced in the Union Budget, experts said. The yield on the 7.26 percent 2032 paper may range from 7.10 percent to 7.30 percent in the months ahead, they said. “I expect the 10-year benchmark yield range to drift lower to 7.10-7.20 percent. The yield will slowly trend towards 7 percent in the coming two-three months,” said Sandeep Bagla, chief executive officer of Trust Mutual Fund. “Budget is behind us, giving us clarity on the borrowing. Headline inflation is declining and the rate hike cycle has come to an end. Hence, we feel that over a period of six months to one year, yields will decline,” said Marzban Irani, chief investment officer – of debt, LIC Mutual Fund. Bagla said demand from insurance companies, banks, foreign institutional investors, and the Employees’ Provident Fund Organisation will … [Read more...] about Budget 2023: Government bond yield set to trend towards 7%, say experts

Representative image. Banks are likely to raise interest rates on Fixed Deposits (FD) because of impending competition from a new savings scheme announced in Budget 2023 that offers an annual rate of 7.5 percent, experts said. The Mahila Samman Savings Certificate will provide a competitive interest rate of 7.5 percent on deposits maturing after two years. Experts said banks will have to keep a check on how this plays out for them and work on their FD rates. “Banks are playing smart by providing high interest rates for selective tenures, which has partially worked out for them. But they are likely to work on hiking interest rates for FDs,” said Chandan Sinha, former executive director of the Reserve Bank of India. Other than the new scheme, experts said banks may see some competition for deposits in the coming months from the existing Senior Citizen Savings Scheme and Monthly Income Account Scheme that saw an enhancement in deposit limits from Budget 2023 . “The … [Read more...] about Banks likely to hike FD rates in line with new savings scheme in budget 2023, experts say

The U.S. added 517,000  jobs in January, more than two and a half times what economists anticipated, as the unemployment rate nudged down to 3.4%, the Bureau of Labor Statistics (BLS) reported Friday. Economists had predicted that the nation would add roughly 187,000 jobs, and that the unemployment rate would nudge up to 3.6% from 3.5%, roughly where it has lingered for the past several months , The Wall Street Journal reported . Previously, Federal Reserve Chair Jerome Powell had estimated that the unemployment rate would climb to roughly 4.6% by the end of 2023, as markets slowed in response to the Fed’s anti-inflationary campaign of interest rate hikes, in a Dec. 14 press conference . At 3.4%, the unemployment rate hit the lowest level since May 1969 , as “widespread” job growth, led by 128,000 jobs added in the leisure and hospitality sector, pushed January’s job growth past the 2022 year-long average of 401,000 jobs per month, according to the BLS. Government … [Read more...] about Jobs Market Runs Red Hot In January, But Economists Fear Downturn Is Coming

A record-setting number of Americans are pulling money from their 401(k) plans to cover emergency expenses, The Wall Street Journal reported Thursday, citing data from major investment manager, Vanguard Group. The proportion of people who pulled from their 401(k) jumped by about one-third in 2022, to 2.8%, up from 2.1% in 2021 and 2% in the pre-pandemic era, according to the WSJ. Vanguard manages roughly 5 million accounts, so the total number of people making withdrawals climbed from roughly 100,000 to roughly 140,000 in 2022, as people both struggled with financial stress ranging from credit card debt to eviction. (RELATED: What Another Fed Interest Rate Hike Means For You) The increase may also be in part due to more lenient rules implemented in 2018 that eliminated the necessity of taking a 401(k) loan before a hardship distribution can be issued, the WSJ reported. Borrowers also no longer need to submit evidence of hardship before making a withdrawal, and make some … [Read more...] about More Americans Than Ever Before Are Dipping Into Their Retirement Savings Just To Make Ends Meet