Top 5 tech trends to watch out for in 2018 

Until the turn of this century, getting photographs needed you to first buy a roll, load it in a camera, clicking pictures and then taking out the roll and giving it to a photo studio for developing the pictures- a far cry from the point and click pictures that we take on mobile cameras today. As a result, cameras, camera rolls and photo studios all but went out of business.

Thanks to the rate at which technology is evolving, business models are changing with a rapidity that we have never witnessed before. Survival in this era of disruptions requires businesses to be nimble and flexible enough to adapt to technological changes, irrespective of their size. For the immediate future, here are five trends that businesses need to be prepared for.

  • Big Data: Thanks to the proliferation of the internet, there is a veritable ocean of data to be analysed out there. As of 2015, the total universe of data accumulated over the history of humankind amounted is expected to witness a tenfold explosion by 2020. Data analytics an help your business derive insights into customer preferences, which can help you not only better respond to your customer, but even anticipate his or her wants and customise your offerings accordingly.
  • Artificial Intelligence: One inevitable fallout of the data explosion that we have just discussed is an exponential leap in machine learning and, consequently, artificial intelligence (AI), because machine learning only increases and improves in accuracy as more and more data is fed. The implication for business is humungous. For instance, retail chains can leverage on AI to optimise inventory levels. Banks and financial institutions expect it to deliver significant gains from business process outsourcing. In fact, customer-facing activities constitute the area of business that is most likely to be impacted by AI.
  • Internet of Things (IoT): IoT, a blanket term used to describe internet-enabled devices connected to a common network, that can be remotely accessed, is expected to bring about a revolution in the way business is done over the years to come. For instance IoT can be used to physically track items assets on a real time basis, so that your business can have accurate details of the value and location of its assets at any given point in time, which means the internal controls will change drastically.
  • Digital Marketing: Promoting your business is a far more complicated business than it was even ten years ago. The combination of offline or online ads, social media postings, YouTube videos, blogs, etc call for considerable investment in terms of time, if not necessarily money. Given the speed at which it is evolving, the ideal approach to digital marketing is to rope in professional support. Let SEO companies manage it for you while you concentrate on your business.
  • Subscription: Businesses are leveraging on the combination of the internet and online payments to switch from a ‘pay-per-use’ to a subscription model. The arrangement works even for customers, who can subscribe for objects of daily use like the newspaper, milk, groceries, etc to be delivered at fixed intervals. More and more businesses are expected to adopt the fixed revenue model in the years to come.

To contribute an article, please email us.

5 HR Tech Startups to Look Out For

The field of Human Resource (HR) is at present undergoing a massive makeover. Once a lumbering, laborious process, HR today is being sculpted through technology into something faster, stronger and much more efficient.

HR is a vital component of any organization, yet (especially in its traditional form), it has garnered the reputation of being a notoriously difficult chore.

According to analyst Josh Bersin, HR disruptions in 2018 will converge around productivity, design and intelligence in HR tech applications.

Technology has granted an opportunity for gradual automation over time and greater effectiveness among other things. Teams that are involved in HR generally have to spend a huge amount of resources in order to undertake time-consuming tasks related to administration.

The latest trends in HR involve cutting edge tech developments that allow professionals the ability to access the power of Big Data, granting valuable insights and streamlining tasks.

Software companies will be leading the charge this year, with systems and services firmly rooted in the cloud. Here are some of those startups that are making waves in the way businesses manage their most vital asset.

Highground – Offering an agile performance management and employee engagement software that changes the way employees are developed, Highground lets individuals in the organization recognize and reward one another as well as participate in surveys. Everything is managed in real-time, enabling immediate insight and instant adjustments to improve employee performance or engagement.

ClickBoarding – This user-friendly and multifunctional platform offers a solution that streamlines the onboarding process, making it an easy, enjoyable experience. ClickBoarding lets HR departments manage checklists, share tasks and organize federal, state or company forms. It is designed in such a way that everyone involved has access to and visibility into what they need to know, giving them the ability to take action on the things that really matter.

TraitQuest – Aimed at bridging the generation gap between members of an organization and breaking the monotony of HR necessities, Traitquest transforms the dreaded employee appraisal into a fun ongoing process of growth through the power of gamification. Their highly engaging platform provides all the necessary functions needed to help companies establish a well rounded workforce.

Bayzat – Simplicity is the name of the game as Bayzat has so effectively proven. Trusted by clients and able to automate HR processes for over 12,000 employees, Bayzat takes care of the mundane things like organizing employee records, health insurance and time off. By developing easy-to-use HR tools that automate admin work, this innovative solutions provider offers a straightforward means of managing these essential items so that you can spend time (and money) on other aspects of your business.

LifeWorksLifeWorks, named 2016’s Next Great HR Tech Company displays a genuine sense of commitment and its platform excels at delivering a well-rounded, holistic experience. LifeWorks improves employees’ mental, financial and physical wellness through a unified solution. The award-winning company has been providing EAP and Work-Life solutions for some time now, helping companies develop and maintain healthy work environments and improve the health of their people as well as productivity at work and beyond.

To contribute an article, please email us.

Shopping intelligently on Ecommerce Sites

The holiday season is upon us and although we want to use it as an excuse to shop to our heart’s content, we must realize that spending hard-earned money unwisely is a bad idea and will only land us into unnecessary debts. You want enough in your bank account to pay your bills, take care of expected expenses and still have something left for unexpected emergencies. So, while you are bombarded with flash sales and limited-time deals on products you have wanted for a long time, take a moment to ask yourself if it is a smart decision to swipe your card for that product. To become a smart shopper and avoid depressing credit card debts, here are top ten tricks that you could use this holiday season:

  1. Make a list of products you really want to purchase. It will stop you from shopping on impulse, and your shopping cart will only have items that you really need.
  2. Before you head out with your list, browse the internet for product reviews and rates. You will have good idea on whether the item is worth your money. You can find product reviews in sites like Lodlois.com.
  3. Go shopping with someone who stops you from making impulsive decisions. If your shopping companions are shopaholics themselves, your indulgence will only make them feel better about their own bad decisions.
  4. Have a good meal before going for shopping. If you starve yourself, you will not only be tempted to spend extra on overpriced junk food, but also have terrible mood swings that will make you cranky, impulsive and emotional.
  5. Do not shop whenever you are stressed or anxious about something. You will end up buying things that you really won’t need or would ever use.
  6. Many people refuse to take a credit card at all from their banks. It would be a good idea to swap a credit card with a debit card because shopping on a debit card means that you will spend only what you really have in your bank account.
  7. When you see something that you really like, try postponing your decision to buy it for a week. At the end of the week, if you are really convinced that you need it, go for it.
  8. Look at the best months for buying things when you can get them for affordable rates. For example, stores often put woollen clothes on heavy discount at the end of the winter to make way for their spring collection. Air coolers are always cheaper in winters because nobody wants them, and the seller wants to free up the precious shelf space that they take up. These off-season discounts can save you a lot of money.
  9. Focus on value-for-money. You want to buy things that are high on utility and quality. Buy things as if you were investing in them. Buying cheap is not the same as buying smart. For example, if you need a running shoe, look for one that will last long and take care of your feet, even if it means that you must spend a little extra. What is the point in buying a cheap shoe that will rip open after a short run?
  10. Above all, don’t buy anything to seek validation or out of peer pressure. That is the worst way to manage your personal finances.

To contribute an article, please email us.