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The Best Blockchain Jobs And Careers Available Today
Synopsis: Since blockchain is one of today’s most hyped technologies, professionals with blockchain expertise are in high demand as organizations explore what the technology can do to improve business and operations. The progression of blockchain relies on individuals who have the appropriate skill-set to drive it forward. Here are some of the best blockchain jobs and careers available today. Blockchain expertise captured the No. 1 position on the latest skills index by Upwork for being the hottest in the U.S. job market. This is just one of the many indicators of how high the demand is for people with blockchain [...]
The 9 Most Successful Business Models Of Today
Times are changing so fast, particularly in the world of business. How businesses interact with their customers, how companies innovate, and even the very business models that organisations are built on – all are undergoing rapid change. Yet, from what I’ve seen, many businesses are failing to keep up, and far too many are operating on outdated business models. If you’re leading a company – whether it’s small or large, a brand-new start-up or an established business – you’ll need to understand the latest business models and assess how they might apply to your company. That’s why I’ve picked some of the most [...]
When Profitability Is The Wrong KPI To Use
Since debt financing is essentially free in our current economic environment, companies should consider switching their focus to investing and accelerating growth rather than improve profitability. This is what Michael Mankins argues for in his 2017 Harvard Business Review article. Learn the reasons why many companies resist growth even under these excellent conditions to invest in growth. The default performance indicator for many businesses is profitability. Profitability is defined as “the state or condition of yielding a financial profit or gain. It is often measured by price to earnings ratio.” It’s a measurement of efficiency, yet it’s important to understand [...]
How Do You Develop Key Risk Indicators (KRIs)? And how do they differ from KPIs?
Risk is part and parcel of business, and it’s rare to find a business where risk isn’t discussed and monitored on a regular basis. Key risk indicators (KRIs) should be an integral part of your risk framework and discussions. But what are KRIs and how do they differ from KPIs? In this article, we’ll answer both questions, and explore how you can develop effective KRIs for your organisation. What are KRIs? KRIs are indicators or metrics that are used to measure risks that the business is exposed to. Think of KRIs as an early warning system, like an alarm that [...]
What Is Artificial Intelligence (AI) in Business? 10 Practical Examples
Artificial intelligence (AI) refers to the ability of machines to understand the world around them, learn and make decisions, in a similar way to the human brain. Thanks to AI, machines are getting smarter every day. Contrary to popular depictions of AI, this doesn’t mean that machines will become our evil overlords (not yet, anyway!). When you strip away the sci-fi predictions and “be afraid” hype, it’s clear that AI is making a very real, very positive contribution to the world – particularly when it comes to AI in business. You’ll already be familiar with some of the ways in [...]
What Is The Role Of Artificial Intelligence In Business?
Whether you’re on the side of the optimists, located firmly in the ‘we’re doomed’ camp, or balancing precariously on top of the fence trying to see both sides – the artificial intelligence revolution is happening. We can’t undo the advances that have already been made, and technology is only going in one direction – forwards, into an ever-more intelligent future. For business leaders in particular, this means one thing: AI cannot be ignored. From the smallest local business to the largest global players, every company needs to come to terms with the intelligence revolution and identify how and where AI [...]
How Do You Write A Good Mission Statement? What to Include and What to Avoid
Have you ever read a company’s mission statement and immediately dismissed it as corporate drivel? I know I have. In my experience, mission statements are either totally boring and generic or ridiculously grandiose and self-congratulatory. In fact, they’re usually so meaningless that most people couldn’t even tell you the mission of their own company. But just because they’re often awful, doesn’t mean we should ditch mission statements altogether. A strong mission statement is a fantastic opportunity to show people (both inside and outside the business) what purpose the company serves. We just need to get better at writing mission statements [...]
How Do You Write A Good Vision Statement? What to Do and What to Avoid
Company vision statements can be a horror show, can’t they? From the mind-numbingly generic to the ludicrously unrealistic, vision statements are more often cringe-worthy than inspiring. But that doesn’t mean we should give up on vision statements. Far from it. Done well, the vision statement sets an important tone for the business, and acts as a signpost for where the company wants to go. And when you strip away the corporate lingo and wordsmithing, company visions can be surprisingly simple. Unconvinced? Read on to find out how you can prepare a meaningful and inspiring vision statement for your company. What [...]
How Many Strategic Goals Should a Company Have?
This is undoubtedly one of the questions I get asked the most. Particularly when I’m helping a company to map out their strategic goals, leaders always want to know how many goals they should aim for. A frequently quoted answer to this is seven goals. That’s because, for decades, seven was acknowledged as the number of items that our brains can easily recall. However, as we’ll see in this article, I argue that the ideal number of goals can actually be a little higher – and I reveal a trick to help make your goals memorable. It’s true, our brains [...]
The Amazing Ways John Deere Uses AI And Machine Vision To Help Feed 10 Billion People
In just 30 years’ time, it is forecasted that the human population of our planet will be close to 10 billion. Producing enough food to feed these hungry mouths will be a challenge, and demographic trends such as urbanization, particularly in developing countries, will only add to that. To meet that challenge, agricultural businesses are pinning their hopes on technology, and that idea that increasingly sophisticated data and analytics tools will help to drive efficiencies and cut waste in agriculture and food production. Leading the way is John Deere – the 180-year-old manufacturer of farming and industrial machinery which has spent the [...]