Many businesses, for the most part, are currently in survival mode. The smaller the company, the bigger the danger of going under. For this reason, there has been a surge in the rise of innovation culture.
Artificial intelligence has proven to be extremely adept at anomaly detection, enhancement, reconstruction, auto-generation, object detection, forecasting, pattern detection. It often goes hand in hand with big data, which is a buzzword that has been passed around a lot within the past decade. It refers to the digital gold rush of information about consumers and their behavior that now exists in a usable, concrete form. For many industries, such as retail, this is a priceless resource. By examining the data of a person’s history, you can see patterns emerge. This, in turn, enables predictive algorithms to make educated guesses about what to do next on a 100% customized basis. It changes the game completely for future sales and marketing campaigns. AI can take this a step further by revealing trends and associations at a level of speed and accuracy than any human could ever manage.
When a company has a high turnover rate, there’s a cost that goes beyond the need for a rehire. In addition to the time and money spent interviewing and training the new employee, the underlying factors behind why they left could signal a much bigger problem. Sometimes it can lead to low morale among remaining staff members, which can quickly become contagious. In today’s world, reviews are now available by current and former employees, and they can very easily scare off future applicants. For these reasons, it is always in a company’s best interest to maximize employee retention.
As a leader, it’s important to surround yourself with a team of people who not only see your vision and want to help you achieve it, but also have the tools to succeed in the business world. While it’s great to have a dedicated and loyal employee who strives to do better, unless they can manifest their goals into practical, real-world applications, there isn’t much benefit.
So your networking event went really well. You made met some influential people, nailed your elevator pitch, traded business cards, and ended with a firm, friendly handshake. The next day, it’s time to act on those connections with a follow-up email to your new colleagues. Your second impression is almost just as important at your […]
Be Open And Genuine You want people to like you and connect with you because you’re being genuine. Develop a curiosity for others and be open to new relationships where value can be found without letting your ego get in the way. Let people know the impact they’ve had on you. Forget The Elevator Pitch […]
There’s no doubt that networking is one of the most beneficial things you can do to become successful in your career. And now that we are entering a digital age, online networking will play a key role in companies’ recruiting efforts, and for individuals searching for job opportunities. According to Monster.com, chairman and CEO of […]
Being able to communicate effectively – inside or outside of the office – is a critical life skill to learn. But, unfortunately, many people do not put an adequate amount of effort into improving their communication skills due to various reasons ranging from busy schedules to being comfortable with the way they communicate and allocating […]
Networking is one of the most important professional skills you can learn that will continuously give benefits throughout your career and can give you more tools than any other investment regardless of what field you are in. Keep in mind, networking takes time and gratification does not come instantly. But, recognizing the rewards that come […]