Just under a decade ago, Google’s concept of a self-driving car seemed outlandish. That’s not the case today. Now, brands like Tesla, Lyft, and Uber are actively pursuing the idea. Even mainstream car manufacturers are conducting research into the concept of self-driving cars in an attempt to gain their own foothold in this space.
But here’s what is certain. In the future, we will be driving autonomous vehicles. Yes, there are still things to work out in terms of the technology, but the truth is we are coming closer and closer to this being the reality.
Then again, technology isn’t the true roadblock. Nor is safety. When 93% of all accidents are caused by human error or intentional action, it’s clear that the safest thing to do is take the human element out of the picture for the most part. Instead, it will be legal and regulatory issues, and resistance among drivers themselves that slow down this progress. There will also be pushback from those who benefit from maintaining the status quo. Then there are the logistics of it all.
Job Loss is a Real And Perceived Concern
When self driving cars become mainstream, there are potentially millions of people who could lose their jobs. This includes delivery drivers, taxi drivers, truck drivers, and bus drivers. This will likely impact those working in complementary fields. Imagine the impact of this change on a motel chain or truck stop that relies on vehicle traffic for its main source of income.
This, of course, puts politicians in a quandary. Do they vote in favor of policies that support autonomous vehicles? This gives their challengers ammunition to refer to them as job killing and out of touch with the needs of their constituents. The current political climate doesn’t exactly seem to be leaning towards progression at the cost of populism.
Drivers Will Need to Rethink Personal Safety And Liability
It turned out that the fatal car accident involving a self-driving vehicle from Tesla was the result of the driver’s failure to download a vital software update. In the future, if autonomous vehicles are going to become a reality, one of the challenges will be getting drivers to buy into new concepts regarding vehicle maintenance. Replacing worn brake pads, keeping tires inflated, and having cars checked out a few times a year are all commonly accepted ways to keep cars safe and operational. In the future, keeping up with software upgrades, even installing vehicular anti virus and security software will be considered the vehicle owner’s responsibility in terms of keeping cars safe for themselves and others.
There are definitely unanswered questions. For example, who is liable if a driverless vehicle causes an accident? We know that if a driver loses control of their car because they did not properly maintain it, they are responsible. If a driver is in an accident as a result of their negligence relating to their AV, are they equally liable? What about the manufacturer. There will very likely be new laws that will need to be written. Attorneys will have new challenges to face as they seek to protect and help those who have been injured in car accidents caused by self-driving vehicles.
Tough Decisions And Higher Expectations
Every driver makes mistakes or chooses to drive recklessly. Sometimes those mistakes and choices end in near misses. Other times, fender benders are the result. Then there are times when injury even death are the consequences. We accept that risk.
In spite of the fact that AVs reduce risk, they cannot eliminate it altogether. Although it was later proved to be human error, Tesla was initially blamed for a fatal car accident. Self-driving cars from Uber have been tagged running red lights on multiple occasions.
So, what happens when a self-driving vehicle is involved in an accident? In addition to accepted risk when humans are in control, there is often some level of sympathy and understanding towards those whose mistake cause an accident. Reckless, illegal, or intentional behavior being obvious exceptions to this. There’s no way you could have stopped in time. It could have happened to anyone. Don’t blame yourself.
Reactions to accidents caused by machines are starkly different. There is an expectation that these machines will execute perfectly, and make the best decisions possible. When the inevitable happens, it will and has become fodder to justify preventing this technology from becoming mainstream or rolling back progress.
Security is a Serious Concern
Hackers have already taken over vehicles that have some self driving features. However, in cases where there is a driver present, there is less risk. An alert driver can see that something is amiss, and override the driverless features. When a car is truly driverless, that’s not an option. When all aspects of the vehicle’s operation are software driven, how will the car know when things aren’t right. Auto manufacturers will have to work hard to ensure that the security measures they implement stay far ahead of the malicious individuals or groups who could literally turn a self driving vehicle into a weapon.
Self driving cars will eventually become the norm. It’s inevitable considering that all major players in the automotive industry are slowly adopting the technologies that will take us from fully manual vehicles to partially autonomous, to fully autonomous. However, it is clear that the transition will not be without challenges. Politics, human nature, legalities, and logistics will need to be dealt with before progress is made.
Anyone who owns a car understands maintenance and repair. If we get oil changes regularly, check our fluids and tire pressure, replace brakes when necessary, etc., we can expect the car to last longer than that of someone who does not take care of these things.
Organizations have equipment too; they also have facilities. These are assets much like cars, but in most cases, far more expensive to maintain, repair, and replace. It has only made sense, as technology has provided the wherewithal, to install maintenance and repair software packages that will keep preventive maintenance and repair needs on track.
Customized Software Solutions
Typically, organizations that depend upon their physical assets have contracted with software development firms (often offshore) to craft custom computerized maintenance management systems (CMMS), based upon their specific needs. This can be a lengthy process, because the organization must supply a huge amount of information about equipment, maintenance schedules and work order processes, so that those can be imbedded into the software package. That package is then installed into the organization’s system. There is also the need for continual updating as old equipment is retired and new assets brought on board. And those original developers will still be needed for those updates.
The benefits are obvious – no more paper, employees can receive maintenance alerts and work orders, complete the tasks and “sign off,” and everyone in the organization can access the software and see that tasks have been completed.
Enter Cloud Solutions
This was the next obvious step. Companies such as Limble CMMS have taken CMMS into the cloud with flexibly-designed systems that allow organizations to customize their own maintenance and repair schedules. They do this through a configurable architecture, so that the company can plug in all of the necessary information rather than gather it and send it off to a third-party developer or implementation expert. And updates are a matter of local input.
With these cloud solutions, the benefits increase. Now, anyone can receive alerts or track maintenance and the flow of work orders from any device and from anywhere.
A supervisor who is out of town, for example, can access a work order and see that it is progressing as it should.
A repair technician who is third in the progression of a repair can access a work order and know that parties one and two have completed their parts of the task and are ready for him to proceed.
In essence, greater control is placed into the hands of the organization rather than reliance upon third-party contractors.
What Cloud-Based CMMS Can Do for an Organization
The more an organization is dependent upon its physical assets (think of hospitals, for example), the greater the importance of proactive maintenance and repair and the greater the number of decisions that will have to be made. Cloud CMMS solutions allow all of the following:
What assets must be scheduled for regular, routine maintenance, based upon manufacturer specs?
Who will perform the required maintenance?
How will maintenance tasks be tracked, and what has been the cost?
When a repair is needed, how is it scheduled? And what individual(s) will perform that repair? How will that repair be tracked?
Who needs access to maintenance and repair alerts and requests and how will they gain that access?
How are problems reported to the maintenance team so that a quick resolution can occur?
And perhaps more important? Cloud-based solutions allow updates and changes to be accomplished easily and quickly by those with the authority and access to do so – all in-house. As organizations embrace cloud-based CMMS solutions as more efficient, less costly, and much easier to manage and control, they may very well find that cloud-based solutions for many other functions will also provide them those same benefits. Technology marches on.
Becoming an entrepreneur is the in-thing now – it sounds cool and trendy. That’s fairly good news for the world; hopefully the world is becoming a better place.
In a world where change is the only constant, the start-up scene is becoming more competitive. It is very important to understand the key traits necessary to become an entrepreneur that can deliver high-impact and meaningful results.
Ego helps you make sense of your thoughts. It gives you confidence and helps you to differentiate yourself from others. That’s great. However, in certain activities, it is recommended that you don’t let your ego control how you think. This is so you can avoid feeling that you know everything, that you’re always right, and dismissing other people’s achievements because you think you can do way better than them. It’s highly likely these feelings can lead to you becoming more arrogant. If that happens, the ego will become your major blind spot.
We’ll borrow an example from Kodak, highlighted in an article from the New York Times dated 2 May 2008. Steven J. Sasson, an electrical engineer who invented the first digital camera at Eastman Kodak in the 1970s, shared his management’s response to him:
“My prototype was big as a toaster, but the technical people loved it,” Mr. Sasson said. “But it was filmless photography, so management’s reaction was, ‘That’s cute — but don’t tell anyone about it.’”
Check your ego before you listen and respond to anyone. This is key in discovering better ideas and tactics to improve your business. It is not a weakness if you admit you do not know about something.
2. Passion to Innovate
We are living in an ever-changing world. Innovation is a must at every level of organisation to respond to incoming business and technology trends. You need to be crazy about it because the cost of not innovating may be a big disaster for your business.
Nokia is a great example.
During the press conference to announce Nokia being acquired by Microsoft, the Nokia CEO ended his speech saying this: “We didn’t do anything wrong, but somehow, we lost.” Upon saying that, all his management team, himself included, teared up sadly.
Nokia was a respectable company. They didn’t do anything wrong in their business; however, the world changed too fast. Their opponents were too powerful.
Amazon is a great example of an innovative company that grew tremendously due to innovation.
3. Patience and Perseverance to Celebrate Failures
Google X – the secret Google lab is rewarding staff for failure.
“If you tell them that they've failed you because they didn't find a mountain, no matter how diligently they looked for or how cleverly they looked for it, those scouts will quit your company,” said Astro Teller, Google X.
Tata Group started an annual competition with a prize for the best failed idea (failure is a “gold mine” for a great company) to encourage innovation in their business.
People love recognition and to be valued for their contributions, no matter how small or big. Always find a way to appreciate your supporters (parents, friends, peers, employees) as a great source of feedback and to improve your business. Make them feel special for being part of your circle. Celebrate successes of all sizes. Do not wait for big milestones to celebrate; celebrate the small successes, too.
Celebrate failures as an effective teacher to improve your business. This will help you to improve patience and perseverance to achieve your goals.
The financial industry crash in 2008 severely damaged faith in the traditional banks. But even before then, banking and financial transactions had been moving into new digital realms. PayPal had already been around for 10 years, and other virtual wallet systems had begun to pop up too.
Enter Bitcoin in 2009. Developed by an unknown individual or group using the name Satoshi Nakamoto, it is an asset/payment system that uses no intermediary (i.e., a bank) – a peer-to-peer transaction platform that is be fully secure and almost without fees. The concept is that “value” can be virtually exchanged all over the world in a digital environment that does not transmit any sensitive information (e.g., credit card numbers) that could be subject to cybercrime. That “value” can then be converted into any fiat currency on the receiving end, although the value of a Bitcoin would be subject to market volatility, just as currency exchanges can be.
Slow to Catch On
The disruption of cryptocurrency has not been rapid. It’s tough to get individuals and businesses to make a paradigm shift to virtual currency and to understand such things as blockchain technology. But there are many who predict that Bitcoin, and perhaps some other cryptocurrency platforms, will replace the traditional bank card payment system.
We are not there yet – not by a long shot – and there are many “wrinkles” to iron out if this is to happen. But the question is certainly out there. Can Bitcoin replace traditional payment systems? Some say “yes;” others say “no.”
Government-backed currencies have no limit on the amount of money that can be minted. This can create havoc among monetary systems. Currently Bitcoin has a limit of 21 million, although each coin can be divided in much smaller pieces.
Bitcoin transactions are secure, through blockchain technology which produces an irreversible distributed ledger. Transactions cannot be changed in any way once they have been executed, because the ledger is public.
Some third-party payment processors are “stepping up to the plate” to assist with reducing the volatility of exchange rates and locking in value at the time of transaction and providing for instant processing at that locked-in rate.
Merchants will find it too attractive not to get “on board,” considering the drastically reduced transaction fees, and business-to-business transactions will be far more efficient and streamlined.
There are some hurdles, such as too much power in the hands of a relatively few number of “miners” (individuals who maintain the ledgers) and inevitable regulations, but these can be navigated and resolved in time.
The average merchant would have to develop a technical savviness that he is probably not prone to want to do. Bitcoin transactions do not have the support structure that bank card processing has, and merchants would have to create and manage their own digital Bitcoin wallets, in order to accept funds and convert them to fiat currencies.
Traditional payment processors are getting much better with what they do, especially considering the competition out there. Most payment gateway services are providing the streamlining, the lowered transaction fees, and the support that merchants want and need. And they are beefing up security measures by leaps and bounds today.
Merchants who use Bitcoin will still need some processing support, from providers such as Stripe, PayPal, or others that are now in the business – processors who are able to lock in exchange rates at the point of transaction. For example, if a merchant were to accept Bitcoin that is currently worth $1500 U.S., but the value had dropped to $1200 by the time he exchanges that Bitcoin for USD, then he is out $300. The lowered transaction fee is worthless at that point. Using a processor to convert the Bitcoin to a fiat currency at the time of payment processing will be essential, and that actually adds another step to the whole process. It’s just not the maximum efficiency that most merchants want.
There are also problems on the consumer side of Bitcoin transactions. Online purchases using credit cards come with certain risks. The merchant could be fraudulent; ordered products may not be received. Exchanges and refund requests are commonplace transactions. These are currently handled pretty well when normal bank cards are used for purchasing. Refunds can be directly credited to a personal credit card account. And, if there is a dispute, the credit card company acts to resolve it.
Bitcoin transactions are irreversible. There is no process for disputing a charge or getting a refund, except directly through the merchant. And these are not always successful, particularly if the merchant is unprincipled or simply disputes the consumer’s claim. Where is the consumer recourse? Currently, it is non-existent. There are no consumer protections in place. Even if they were to be put into place, they would have to be managed by a processor divorced from Bitcoin itself. In this case, that processor is still in business, not replaced.
It’s still out, obviously. Predictions as early as 2014 stated that bitcoin would replace legacy financial transactions, for merchants and even for individual consumers. That has not happened.
For the near term, fiat currency exchanges, traditional bankcard transactions and processing, and consumer purchasing protections are strongly in place with legacy systems. People are comfortable with their systems, and Bitcoin still holds a mystique that is difficult for both merchants and consumers to fully grasp. It still seems a little bit like “fake money” to many. And change comes slowly.
But no one should discount the ability of Bitcoin to evolve and to take its place within the payment processing industry. The security it offers, as well blockchain technology and lower fees, all provide an attractive alternative to traditional processing through banks and legacy payment processors.
On the other hand, in its current environment, Bitcoin will have to rely on traditional processors that have the ability to lock in exchange rates and to ensure that both merchants and consumers are afforded the protections they need. Only time will tell. For the moment, traditional payment processors are still in business.
Rosemont Group Capital Partners, the London based seed and early stage venture capitalist firm last year announced its intention to invest in as many as 20 start-up and early stage technology companies. Its target was to do so within 2 years, with a primary investment focus on consumer Internet, digital content, advertising, marketing, and commerce. To some this would seem like a tough or near impossible possible task given the precariousness of the investment sector at present, particularly for a reasonably small firm.The group invests capital through direct equity investments, convertible loan/notes, options, warrants or preferred shares and invests on its own or with co-investment partners.So far the firm has achieved some enviable success and insists there is more to come in the very near future.
“The focus of the fund is to back innovative technology ventures with potential for exponential growth, providing seed funding for start-ups. Why start-ups and especially at the widely considered riskier seed level, some may ask? This is where we feel we can add the greatest strategic value and see potential for greater financial return,” says Rosemont Group’s CEO, the Nigerian-born British Investment Entrepreneur, Freddie Achom. “We are still relatively young within the space and continue to accrue experience with every investment we make, this is achieved by working closely with the founders we invest in and believe in 1000 per cent.”
Unusually Rosemont Group’s business model is to adopt an element from ‘accelerators’, which apply less standard sizes of investment and offer greater executional assistance to digital SME's. The tech investment sector In the UK has seen the launch of programmes such as Seedcamp achieve good level of success, emulating those of US based accelerators like YCombinator, Betaworks, Techstars and LaunchBox to name a few. However, typically these programmes have served to increase the flow of new start-ups rather than specifically addressing the funding gap that Achom believes exists. With a strategy to target what Achom calls ‘the true equity gap’, generally businesses seeking less than 1 million pounds in financial capital and as little as 50 thousand pounds, the group has achieved good success so far. Given the unique characteristics of early stage Internet companies, Rosemont Group carefully screens and evaluates them prior to investment, then accelerates and maximises their portfolio companies’ executional prospects by working directly with them. “We specifically target early stage businesses which fall within or often below the conventional equity gap, accelerate the growth of these companies and create sustainable businesses as well as a proven investment model,” says Achom.
Last year alone Rosemont Group has seen one of its portfolio companies, social media management tech start-up JustGo, acquired by Tunecore, one of the leading digital music distribution and publishing administration providers in the US. Achom was pleased with the transaction but remained tight-lipped about the details of the deal, only saying ‘it was a liquidity event so we are happy investors.” A recent investment for Rosemont Group was in what is now the UK’s number one parking app, AppyParking. “Rosemont Group was the first and only money in at seed stage, which we are very proud of. We demonstrated our willingness to back innovation we believe in, ” explains Achom. Aviva ventures the venture arm of Aviva insurance lead the next round of investment into AppyParking with a 1 million investment and more recently the company has recently raised further 10 million pounds on a 30 million post-money valuation. Another investment saw Rosemont Group invest in a Pakistani tech start-up alongside Sunbridge Capital and Telefonica’s accelerator programme.
A factor that Achom feels brings the balance in their favour is that Internet and digital technology companies require less operating capital to develop working products and solutions than other more traditional businesses. They typically do not have large capital expenditure requirements, don’t produce or manufacture hardware or tangible goods, rarely hold inventory and do not have returns or leakage to contend with.
Achom concludes by saying “recent industry trends such as using open source software for building business services, cloud computing for storage or processing requirements and distributed flexible teams all contribute to the unique ability of digital SME's to start a project, product or company within months or even weeks for less than the amounts typical VCs look to invest. There is a gap and we aim to achieve as larger market share of this space as possible.”
ABOUT ROSEMONT GROUP CAPITAL PARTNERS:
Rosemont Group Capital Partners LLC is an early stage venture capitalist firm co-founded in 2003 by British entrepreneur and venture investor Freddie Achom. Its portfolio is as wide ranging as digital technology, bio technology, solar technology, financial services, land and property development to more high profile ventures in the entertainment sectors. Rosemont Group is headquartered in London with international offices in New York and Mumbai.
Rosemont Group is actively seeking interesting ideas, concepts and businesses to invest in and should be contacted via their website:
bootable version of the Intel® Processor Identification Utility will
properly identify Intel® Core™ i7, Intel® Core™ i7 Extreme, Intel® Core™
i5 Extreme, Intel® Core™ i3 Extreme, Intel® Core™ i7 Mobile Processor
Extreme Edition, Intel® Core™ i7 Mobile Processor, Intel® Core™ i5
Mobile Processor, Intel® Core™ i3 Mobile Processor, Intel® Core™2 Quad
Mobile Processor, Intel® Core™2 Quad, Intel® Core™2 Duo, Intel® Core™2
Duo Mobile, Core™2 Extreme, Intel® Core™ Duo, Intel® Core™ Solo, Intel®
Atom™, Pentium® Dual-Core, Pentium® Dual-Core mobile, Pentium® D,
Pentium Processor Extreme Edition, Pentium® 4 Processor Extreme Edition,
Pentium® 4, Pentium® M, Celeron® Dual-Core, Celeron® D, Celeron® M,
Celeron®, Mobile Pentium® 4, Mobile Celeron®, Multi-Core Intel® Xeon®,
Dual-Core Intel® Xeon® and Intel® Xeon® processors. Older Intel
processors can be identified with the Intel Processor Frequency ID
Utility. This version of the utility is operating system independent.
This IBM® Redbooks® publication gives a broad understanding of storage clouds and the initial functionality that was introduced for mainframes to have Transparent Cloud Tiering.
IBM DFSMS and the IBM DS8880 added functionality to provide elements of serverless data movement, and for IBM z/OS® to communicate with a storage cloud. They introduced the following key areas:
A gateway in the DS8880, which allows the movement of data to and from Object Storage be using a network connection.
DFSMShsm enhancements to support Migrate and Recall functions to and from the Object Storage. Other commands were enhanced to monitor and report on the new functionality.
DFSMShsm uses the Web Enablement toolkit for z/OS to create and access the metadata for specific clouds, containers, and objects.
DFSMSdss enhancements to provide some basic backup and restore functions to and from the cloud.
This IBM Redbooks publication is dived into the following parts:
Part 1 provides you with an introduction to clouds. You might be new to clouds or have a confused view of cloud terminology. If so, Part 1 is helpful in providing you with the basic knowledge you need.
Part 2 shows you how we set up the Transparent Cloud Tiering in a controlled laboratory and how the new functions work. We provide points to consider to help you set up your storage cloud and integrate it into your operational environment."
Points to consider buying a good mattress and assuring Improved Sleep
Spending in bed around a third of every day is common, regardless of whether this time is spent slumbering blissfully or turning and tossing. All these depend on the mattress. There is no doubt that a mattress has a great impact on the sleep of a person. Mattresses affects sleep also relates to the network of capillaries, the fine blood vessels running beneath your skin.
Lying on your body for a period of time means the weight reduces the blood flow to those blood vessels, thereby depriving the nutrients and oxygen to the skin. This causes pain sensors and nerve cells sending your brain a message to roll over. Rolling over assures good blood flow, but it also disturbs your good sleep.
Ideally, a good mattress improves your sleep and can be more productive at work. This is because a good mattress reduces on your body the pressure points and gives a better night's sleep. However, note that the ideal mattress varies with each person. The productivity level depends on our activity and inactivity. People failing to acquire good sleep at night cannot recharge their brain and body fully. The performance will surely deteriorate.
There is a need to change the mattresses after a span of 5 to 7 years. Likewise, while investing for good bedding significantly, there is a need to ensure there is the original bounce even after 7 or 10 years, so that it proves to be a good mattress improving your sleep and you can be more productive at work. Alongside good pillows are equally important.
Things to consider
Buy mattresses that are not too soft or too firm.
Mattresses too firm may cause misalignment and too soft sinks your body causing bad posture while sleeping, leading to pain.
Consider adjustable beds and if possible take mattress on a test drive
Check and confirm about trial periods or comfort guarantees before buying
Without fail, check the warranty period.
A good mattress improves your sleep and can be more productive at work is true, but as such there is no definition making a mattress firm or soft. This is because a person who is 250-pound may say the mattress is soft, while the same mattress for a person with 125- pound may find it firm.
Which Mattress Is Right?
Finding a right mattress is not like looking for some top-tech brand. In fact, even an expensive mattress may not be as per your expectation. A high price tag alone does not determine the mattress. So, avoid concentrating on brand name or price, and think that you expect in a mattress that is really very personal. The choices vary, some prefer softer, while some firmer.
Of course, there is no scientific evidence proving the mattress type that can ensure you sleep better. Thus, consider buying a medium-firm mattress with a softer pillow that will offer the required cushioning and balance of support.
An adjustable bed also is a good buy if you prefer sleeping positioning your head raised. Such beds allow adjusting your hips and knees to a 90-degree angle and relieve sore joints.
IBM® Tivoli® Access Manager for Enterprise Single Sign-On enables users to access all their applications, including web, desktop and heritage, and network resources, with the use of a single strong password. The solution helps simplify password management, protects information with strong authentication, and secures kiosks and shared workstations.
Tivoli Access Manager for Enterprise Single Sign-On helps strengthen security and meet regulations through stronger passwords and an open authentication device interface with a wide choice of strong authentication factors. It also facilitates compliance with privacy and security regulations by leveraging centralized auditing and reporting capabilities.
In this IBM Redpaper™, we take a closer look at how to integrate web-based applications into Tivoli Access Manager for Enterprise Single Sign-On by using its AccessProfile technology.
This IBM Redpaper is a good resource for security administrators who are responsible for configuring and integrating Tivoli Access Manager for Enterprise Single Sign-On into their organization's IT infrastructure."
Here are a few good points you need to take in serious when you try to approach space communities like IBM developers platform.
Communication is an essential skill required invariably to acquire success in any field of like. Writing is again one the most effective communicating modes which plays commanding role in business. Effective, thoughtful and clear writing for managers, entrepreneurs or business professionals can enhance potential scopes of success, better grip over the market and good network.
You can actually never undermine the fact that clear writing reflects clarity of thinking. However, not everyone is born with the power packed communicating skill of impressive and nailing writing skills. At the same time as Bryan Garner, the author of The HBR Guide to Better Business Writing believes everyone has the scope and capacity for improvement. Thus, you can essentially improve your business-oriented writing skills with an effective implication of few strategic movements and tips.
Determining your purpose essentially means collecting your thoughts, understanding the purpose of the business writing. While you write a business mail it can be dedicated to several purposes. Like for example if your purpose is to call your employees for annual talent hunt, then it is not desirous that you bore them describing the activities, its utility in team building efforts etc. You need to be relaxed yet professional in tone. Therefore, understand what to you want to convey to your audience through the writing. It is kind of directional thinking to obtain clarity of thoughts. Therefore, you can frame your writing accordingly once you determine your purpose that is:
To reject a proposition
To argue for a proposition
To seek for approval, etc.
Cut it Short and be Direct
No one has time for reading lengthy paragraphs and phrases when you are dealing in serious business. You need to pinpoint your purpose of writing in the first paragraph itself instead of dragging to the mid of the writing. Postponing the revealing of the purpose to the middle of writing loses the attention of the reader. While injecting the purpose right in the top of the writing you actually purposefully sharpen your argument as well.
Moreover, while framing business writing it is highly recommended to cut off the unnecessary ornamentations and fat in writing. Like, opt for “viewpoint” rather than “point of view”, skip the use of is, are, was, were and use active verbs instead like for instance “indicates” rather than “is indicative of”. You can also essentially avoid the use of ion words with action verbs.
Do not Jargon your write up
Intelligence reflects in simple words as well only if you can clarify your thoughts, nail in your perspective. There is no need of using too much of buzzwords, acronyms and grandiose words. Complicated writing, as well as too much use of acronyms, implicates laziness of mind. Thus it is better to express in simple, easy to understand and direct language and communicative style rather than going other ways. Business writing experts essentially believe that clarity and active conciseness never go out of style in any field of action.
The World Economic Forum has also listed cybercrime as a major global economic risk and warns that more sophisticated cyber-attacks are on the rise. The economic risk is confirmed by a report from a 2017 Cost of Data Study sponsored by IBM which shows that the average total cost of a data breaches is $3.62 million. Further, the study found out that one in every four companies experience a data breach.
Digital devices are increasingly playing a significant role in people’s lives these days, and this is one of the factors that are fueling cybercrime. A recent Norton Cyber Security Insights Report estimated that 35 percent of people across the globe have at least one unprotected digital device that leaves them vulnerable to cyber attacks. These devices are therefore a growing security concern for small business owners given the fact that a good number of them use small digital devices like their smartphones to run their operations.
Some of the major cyber threats small companies face include Hack attacks, Ransomware, CEO fraud, phishing, denial of services, among others.
So how can small businesses protect themselves against cybercrime?
Fortunately for business owners, there are preventative measures they can take to avoid falling victims to cybercrime. Here are some of them:
Use IBM Watson
Watson by IBM is an artificial intelligence of many talents. It works as A.I by day and a cyber crime fighter by night. It improves a security analyst's ability to keep up with sophisticated threats, by drawing from unstructured data (ex. blogs, websites, research papers) and correlating it with local security offenses.
Educate Your Employees
Small business owners need to train their staff on proper security measures. First of all, “employees should not use their work computer for personal business and vice versa”, says information technology expert Dirk Anderson. It is crucial that every employee in your business understands the inherent risk of digital communications. Run regular cyber attack training sessions and let everyone understand that it only takes a single click to compromise the entire system. They should not be quick to open attachments or click on any URLs even if they receive them from trusted friends.
Restrict Access to Important Data
You need to restrict access to your company’s critical data to only those staff members that have to work with it. Don’t forget to shut down accounts of your former employees as quickly as possible. An employee can access the data after leaving your company and use it to compromise your system. Also, it is extremely important to run background checks on potential employees before hiring them.
Be Aware of Unsecured Devices in Your Business
As noted earlier, breaches through mobile devices are on the rise, and this should be a huge matter of concern. You need to understand that any unsecured connected digital device in your business can be accessed easily by cyber-criminals. It is therefore vital to ensure that all the devices brought into your business are secured with very strong passwords which are regularly changed. Have up-to-date security software on all these devices.
Monitor Your Cloud Infrastructure Constantly
Your cloud provider can do this for you. Ensure that all your servers are secure all the time, monitor advanced threat management systems, web application firewalls, security patch management, data storage, among other things. Regularly scan for any vulnerabilities, and take appropriate measures if you find any. You also need to carry out a security assessment of your website regularly.
Install a Combination of Security Software
Use anti-spam, anti-virus, and anti-malware software and make sure you update them regularly. There are many security protection solutions including Symantec and Avast which have practical solutions for small businesses. Antivirus software experts at Qetes advise to always have a firewall software to fend off spyware, virus and phishing attacks.
Back Up Your Data Routinely and Have a Disaster Recovery Plan
Make sure you back up all your data on the cloud, external hard drives, and other locations. Carbonite offers automatic backup solutions for small businesses from as low as $5 per month.
Use Complex Passwords on All Your Computers And Devices
Use passwords with a minimum of 8 characters and make sure you change them regularly. This resilient password policy should also apply to your employees. Ensure they change their passwords often. There are free password management tools like LastPass that you can use to generate very strong passwords and keep track of all them safely.
To sum this up, at times it may be unfortunate that even after doing everything right, you still fall victim to a cyber attack. It is therefore wise to consider having a data breach insurance that will help you mitigate any costs as result of a data security breach including legal fees.
There can be a lot of reasons to surprise your girlfriend with a beautiful gift. Maybe it’s her birthday, Christmas or Valentine’s Day. However, when it comes to choosing cute gifts for girlfriend, the stakes are high, as a poorly chosen gift can leave a damaging effect, or even worse, ruin the relationship.
Choosing a gift can be quite tricky, as there are several factors for you to consider before buying the gift, such as how long you have been dating, what’s the occasion, and how much is your budget. So without further ado, we are sharing with you a simple yet great tip that will make her feel like you really care about her, and bring a smile to her face.
A beautiful necklace can be the perfect gift for your girl, as not only there’s a huge variety to choose from, it’s something which she can wear every day. Besides, a necklace has always been an important component in woman’s attire. You don’t need to spend a fortune to buy a designer necklace for girlfriend. For just a couple of hundred bucks or less, you can buy a necklace that matches with the taste, style or personality of your girlfriend. There are companies like “Nano Jewelry” that offer wide spectrum of necklaces in different designs and styles at reasonable rates. What makes them unique is that their designs are inspired by history, spirituality and love.
There are many reasons for keeping product development costs down. Obviously, increasing profitability is one of these. Reducing costs also helps you to offer your products at competitive prices. This is also money that you can reinvest in research and development as well as growth.
On the other hand, cutting costs isn’t worthwhile if quality is compromised as well. The following tips will help you to reduce development costs while still maintaining high quality standards.
Use Technology to Replace Prototyping
If you’re developing a physical product, you’ll eventually want to create a prototype. Investors and potential customers will want something tangible that they can hold and use. On the other hand, prototype development is expensive.
The last thing you want to do is get in a cycle where you are spending money to recreate and work the kinks out of your prototypes. Fortunately, there are tools and apps for virtual prototyping. These allow you to begin the prototyping process in a way that costs significantly less money. Even better, you’ll know where any issues are before you produce a physical product.
Don’t Overload Your Product With Features
Simplicity is nearly always less expensive than complexity. If cost is a concern, it may be time to pare away some of the features you had originally planned on including. After all, bells and whistles aren’t so great if you cannot turn a profit, or even afford to bring your product to market at all. Remember that features can be added on in future iterations once your base model proves to be worthy.
Spend Enough Time in The Planning Phases
The more time, effort, planning, and resources you invest in planning and design, the less likely you will be to run into problems during development and production. Don’t rush into product development too quickly. Taking things slowly can be frustrating, but doubling back to fix things that weren’t covered the first time around is a waste of time and money.
Bring Quality Assurance Into Every Step of The Process
If there is one team that should be involved in every step of the way from design to launch, it’s your QA team. By keeping QA in mind, and conducting appropriate testing from the beginning, you ensure that expensive flaws don’t become an issue in the later phases of development. In the case of app and software development, investing in software testing automation services can pay off with cost savings down the road.
Recycle What You Already Have on Hand
Don’t start from scratch if you don’t have to. For physical products, it’s fairly rare for a company to be develop a new product that has no components in common with other products. For example, if you manufacture office furniture, several elements such as moving parts are often the same from one product to the next. Likewise, if you are developing software or web based utilities, there is probably a good chance that you can recycle snippets of code from other projects. Consider keeping a library of designs, specs, and coding samples on hand. Then, go back to those before you reinvent the wheel.
Shop Around For Raw Materials And Supplies
Cost of materials can be a big factor in product development. Depending on your location, industry, even time of year they can fluctuate widely. Shop around. If your business has grown, and you have more purchasing power, use that to renegotiate terms. You may be able to pay significantly less while still buying quality materials.
No matter what your product is, at least a couple of the tips listed above should be useful to you. Your ability to cut costs can benefit your organization, your investors, your employees, and your customers.
The low priority that businesses have placed on Data Quality has caused the failure of many projects over the last 10 years. In today’s Big Data era where massive scale and complex data reign, success is achieved by prioritizing Data Quality management.
To gain a competitive advantage many companies are performing advanced analytics on Big Data. It is described using the 5 V’s: Volume, Velocity, Variety, Veracity and Value. Social Media and the Internet of Things (IoT) are examples of large Volume and extreme Velocity of data. Variety represents data types; structured, semi structured or unstructured.
Data Quality impacts all 5 V’s as highlighted by Anmol Rajpurohit in a KDnuggets article. The two most important for Data Quality are Veracity (the ability to trust the data) and the Value the data enables.
Top Data Quality Issues
Lessons learned from top Data Quality issues that existed a decade ago in traditional relational systems with ‘small data’ are still relevant today. Small and Big Data have the same Data Quality issues. An estimated $3.1 trillion are spent in the United States on Data Quality issues, according to IBM Big Data Hub.
Lack of Data Standards
Metadata Definitions/Quality - Incorrect definitions or lack of proper definitions describing the data within a column (i.e. allowed values)
Manual Human Intervention
Data entry errors and use of spreadsheets for data preparation
Broken Business Processes
Changes in business requirements not properly captured/accounted for leading to broken business processes (i.e. outdated data feeds)
Poor Data Requirements
Missing or incorrect data configuration rules, mappings or cleansing handled by custom application code unknown to stakeholders in a data migration/integration project
Big Data Quality
One might argue there has been an increase in Data Quality issues from mere volume with Big Data. Data Scientists spend 80% of their time in data preparation activities as indicated by a Forbes article. A large effort of time is spent cleaning “dirty data” prior to the fun tasks of generating data models, applying sophisticated algorithms and using machine learning.
Data has become more complex in today’s world with new characteristics, but the foundational Data Quality principles remain:
Focus on business goals that produce Value
Prioritize data that supports the business goals and use cases
Institute a Data Quality initiative that identifies data issues inhibiting value
Execute Data Cleansing where it matters
What has changed today is the approach in Data Quality analysis execution, as now it must consider the 5 V’s. Data Quality thresholds will vary based on how data is produced. Social media data will not have the same standards as operational data. Data Quality must be scalable and keep up with the growing volume and speed of data. It’s no longer sufficient to just focus on automation using profiling tools. The future for Data Quality is using Machine Learning (ML) technologies to help detect future issues or similar issues with varying data sets. How will you use Machine Learning to help your Data Quality program?
Not all startups are high tech, although it would almost seem so these days. Even if you are producing the next best gardening tools, however, you will need technology. And as your business grows, the tech needs do too. Consider just the minimum your business will need, even if it is operated from a home office at first.
Hardware – computers, printers, modem, phone system, mobile devices
Software – These needs may vary, but could include everything from customer databases and management/service, to project management, to accounting, to security, to marketing tools and beyond.
Yet, when things go wrong, there needs to be quick fix, and planning ahead to get that “fix” will be an essential part of your operational strategy.
There are two operational IT functions that must be considered – support for hardware, networking and security, and support for software that you are using.
Fortunately, as you purchase SaaS packages, there is support built in. It is a matter of contacting the tech support people and getting issues resolved as quickly as possible. This support function comes with your purchase or subscription.
It is when other things go wrong – things with networking, with hardware, with security breaches, with system crashes, with disaster recovery, etc. - that an IT professional is necessary.
So, what are your options? Actually, there are many, depending upon your budget and your unique needs.
Best Practices for Getting the IT Support You Need
As a small startup, your best option is to outsource your IT support. Before you sign on the dotted line, however, you need to do your own homework.
Define what you need. Do you need setup functions, or do you need methods for back up and security of what you have already set up?
Get these needs in writing, so that when you discuss options with potential vendors, you have your “list.”
Will you need an “on call” tech support service, 24 hours a day, or will you go for an “as needs” contract, which could result in some down-time.
Can you handle remote support or do you want someone local who will physically appear to resolve your issues?
Is the support vendor able to handle your support needs as your business grows and the level of support needs expands? It makes no sense to bring in an individual who is only good for initial setup. You will be out looking for someone else soon.
Free IT Support
There are a number of free IT support resources online, many of them run by volunteer geeks who have a passion for solving tech issues. In fact, your tech issue may be one that has already been addressed by the resource, and the “fix” may be simple. All of this, of course, takes time and the assumption that you will fully understand the fix that is being presented. Using free resources can be a cost savings but can also be inefficient.
With purchased software and services, there is always free IT support, so long as you have the contact information you need. How many of us have had our Wi-Fi go out and then find ourselves scrambling for the tech support number we need? If you have a reliance on a lot of utility and tech vendors, it may make sense to subscribe to a service that provides customer support numbers for everything from your electric utility to your Wi-Fi provider. Most of these services have a mobile app for download, so you have access to the number from anywhere.
Contracted IT Support – Remote or Local
If you want efficiency and minimum downtime for tech support, your best practice is to contract with a service. You may find them quite reasonable, and, after all, how much does your “downtime” cost?
This is one of the best ways to keep support costs down. When you contract with a remote service, you simply contact a support technician who then accesses your system from anywhere and fixes your issues without the need to come on-site.
You may want to see your IT support guy/gal face-to-face. While this is more expensive, it is an option that many small businesses choose, because it allows a relationship to be built over time, and the consistency of having the same individual who understands the history of your tech issues. If you go this route, be certain that you have checked many references before signing any contract. Usually, contracts can be designed for a “pay as you go” hourly rate, or a retainer option with a set annual fee.
Combination Remote and Local
There are vendors, such as the Geek Squad, that provide both remote and on-sites services. This group offer a huge support network, 24/7, and provides ongoing maintenance as well as troubleshooting when needed. There are usually several contractual options which allow you to add services as you grow. This IT support is owned by Best Buy, a retailer that is likely to be around for many years, so there is the security of knowing that your contract will be honored.
Other Important Considerations
Now that you understand the necessity of tech support and the options you have for getting what you need within your budget constraints, here are the other guidelines for a successful relationship with any vendor you choose.
Make sure that any individual or vendor operation you choose has people with the education and certifications to back up what they claim to be able to do. You want someone who understands how IT fits into your business and who can make suggestions and recommendations that are state-of-the-art. Security is a good example. Hackers target small businesses because their layers of security are much softer. Nothing could be worse than for your customers’ personal and financial information to be stolen.
This may seem like a “touch-feely” non-essential, but it is not. You want tech support people that can feel your pain when things go wrong and are able to see issues from your perspective.
Choose the simplest solution for you, not what any individual or company vendor thinks you should have. IT support should make things run smoothly for you with minimal stress or frustration on your part.
IT support people need to accept accountability for their services. Follow-up on their part is important. And if a specific provided service has not fixed every issue, then they need to return and make it right. Dump any provider who falters on accountability.
This information should be helpful as you look to find the IT support you will need today and that will evolve as your startup grows. But your job is to be proactive – looking at your needs, knowing what you can do yourself and what you cannot, and planning for support over the long-term – will mean that you will minimize downtime and your own frustration.
According to recent studies, Millennials, also known as “Gen Y” represents more than 80 million potential customers. They are more connected to technology and engage with brands more deeply. However, when it comes to convincing a millennial consumer through traditional marketing tactics, it seldom works, as the purchasing decision of millennials is influenced by their peer, family and friends.
Apart from this, they have become first priority for employers, as they are innovative, have leadership qualities and strive to make a difference. However, attracting millennial workers requires more than money and perks, as these workers are more interested in career development, leadership opportunities and growth.
“Millennial View”, is one unique firm that has dedicated itself to providing innovative workplace and marketing strategies to companies that want to benefit from millennial workers or consumers.
According to company’s spokesperson, Trevor Gormley: “The world is changing, we want to help businesses stay ahead of the curve. Empowering and engaging young people will create a better experience for the employee and most importantly for your consumer. We understand that not every company can provide its employees with the same environment as Google. However, at the Millennial View we assess your current management and marketing strategies to better position your business for the incoming millennial employee and consumer. Our assessment of the current Values, Interests, Environment, and Work-Life balance of your employees and consumers allow us to create crucial strategies to help guide your business in the coming years.”
The Millennial View team comprises of Trevor Gormley (Founder/CEO), Blake Hodges (Creative Director), Hannah Kraebel (Head of Strategic Execution), and Michael Levashov (Director of Research).