Workers Highis in the IoT Applications Industry

Workers High

Typically, banks prefer predictable and stable customers. And yet, due to the sporadic nature of gig workers’ income, they don’t make for safe and reliable customers in the eyes of the bank. But with gig economy workers bringing in each year in the UK alone and with the number of gig workers in Europe expected to reach by 2025, this viewpoint has started to change. £20 billion 43 million The gig economy refers to the market primarily consisting of temporary, contract or workers. In other words, they’re integral members of a profitable economy since millions of entrepreneurs and businesses rely on part-time workers. freelance The main reason why there are more gig workers is that since the first wave of COVID-19 wiped out about jobs in the European Union, unemployment rates have been skyrocketing and parents have needed to prioritize childcare. Therefore, a significant section of the population was searching for flexible jobs — and here saw a considerable rise in the gig economy. six million However, the new influx of gig workers highlighted the existing gig economy issues of high cross-border payments, slow , and limited access to banking products and services. And without gig-specific help from financial institutions, entrepreneurs, startups and gig workers will struggle to grow in the current economy. payments So, how can the banking industry use open banking to address its neglect of the gig economy? And what essential products and services do gig workers need? Open banking: External collaboration is the golden ticket The open banking paradigm drives embedded finance as a first step for many banks. Through the power of application programming interfaces (APIs)–coupled with an embedded finance platform that enables intelligent API orchestration–banking can be composable to allow individual financial products, payments, and fintech features to be embedded into bank or brand applications. This shift towards collaboration and a banking ecosystem enables banks to leverage the technical capabilities of embedded finance platforms that expose financial APIs, so the bank can focus on bringing products to market through diligent program management. Banks face several limitations regarding product innovation, most related to legacy Most legacy cores are not real-time, and transactions don’t become official until the end of the day processing. By using an embedded finance platform, banks can run accounts above the core through a virtual ledger, increasing speed to market without the need to invest vast sums of money into core modernization projects. Hence, all these advantages make building embedded finance products economically viable for banks. banking systems. Through this partnership, banks can subscribe to their own tech stack allowing them to use the platform’s technology to design products and services of their choosing, like gig-specific bundles, that may include payroll accounts with earned wages, micro-loans, and insurance.  Banks can create bundles specific to gig-industry verticals such as transportation services, like Uber, or asset-sharing services, like Airbnb. As banks partner with gig platforms, they can embed these products and bundles into their platform, making them more desirable employers to gig workers and creating new customers and core deposits. Essential tools needed by gig workers Financial management tools When workers don’t receive routine income, tracking spending and sticking to budgets is much more challenging. One way for banks to cater to the specific needs of gig workers is by providing financial management tools. For example, Moves Financial has created a gig-specific bank account with no fee or minimum balance and can track earnings and expenses from over 20 gig platforms. Another app, such as Para, is ideal for drivers within the gig industry with automatic integration with gig platforms like Uber, Grubhub, and Lyft, allowing drivers to compare earnings and mileage across gig platforms helping them to them make better work decisions. Moreover, since many gig workers are considered self-employed, this doesn’t make them eligible for health care which is a frequent benefit of full-time permanent employment. Yet, with apps like Starship, gig workers can save specifically for health care expenses for themselves and their families, with their investment earning interest tax-free. These financial tools can assist entrepreneurs and gig workers in keeping track of their contracts and payments, giving them greater control of their work and financial health. Payment integration A report from Wonolo found that of gig workers surveyed live paycheck to paycheck. Therefore, real-time payments are crucial for gig workers to accelerate capturing their income. 55% To overcome this frequent bugbear, banks can enable instant and secure transactions, and request to pay by integrating payment APIs into gig platforms. Another positive of providing payment integration is that it can increase bank processing time and reduce exchange rate volatility — essential for gig workers based in a different country than their employer. For example, before 2016, Uber drivers had to wait up to one week for payouts. However, Uber’s partnership with Mastercard Send and Green Dot, a fintech and bank holding company, allowed real-time payments to debit card holders and caused up to Uber drivers to sign up with Green Dot. 100,000 Tailored loans A recent survey from Rollee discovered that gig workers had been denied access to basic financial products, like loans, and 57% had to apply to more than three lenders before accessing a loan or credit card. seven out of ten These cash advances can help gig workers improve their day-to-day life and business prospects. For instance, small loans could cover car repairs, equipment purchases, and additional workspaces. By partnering with gig platforms, banks can also gain data insights and trends of gig workers, allowing the banks to create unique and gig-specific customer loans to a broader spectrum of gig workers who would have previously not qualified since work records would have been spread across various platforms. Wrapping up Through the power of open banking, banks can partner with embedded finance platforms, to serve a growing and previously marginalized area of the economy. By accessing previously unavailable customer data, banks will no longer view gig workers as risky customers with unstable incomes. Banks can improve gig workers’ daily lives and support business opportunities while opening themselves to another strong income stream. This article was originally published by on Riaz Syed 150Sec.

How Open Banking Helps Bridge the Financial Divide for Gig Workers

This question often comes to my mind: will technologies make offices obsolete. The answer seems affirmative if one goes by current trends. We’re not talking about small, home-based businesses and startups struggling to meet operational expenses. Instead, this is about large corporations that are moving away from the traditional requirement for employees to report to an office daily. Facts and figures available from various sources only confirm my assertion that technologies will make offices obsolete. In fact, it is already doing so. Facts and Figures These facts and figures conclusively prove, technologies are making offices obsolete- at least partly at the moment. Over at least once a week says a 2018 study by IWC, a leading office space provider. 70 percent of workers worldwide work from home About as freelancers. Among these, 47 percent are millennial. 57.3 million Americans work from home Gig economy contributes since 2017. over $1.4 trillion to the American economy Large corporations including American Express, Amazon, Dell, Apple and Glassdoor.com among others are increasingly . allowing existing and new employees to work from home Rising real estate prices are forcing even large corporations to Instead, they are offering . reconsider hiring office space. work-from-home opportunities These five pointers indicate that offices are indeed going obsolete while technology increasingly drives this trend. However, this isn’t all. There are other reasons too why technologies will make offices redundant. Tech and Higher Productivity Higher productivity from employees is the greatest deciding factor for companies to hire telecommute or remote workers. Higher productivity combined with better job satisfaction levels and healthier lifestyles among employees is one of the advantages that companies derive by allowing people to work. . Studies amply prove this fact Furthermore, remote workers also earn about $7,000 to $10,000 more than traditional office workers. Because they get more productivity linked bonuses and other incentives. Additionally, remote workers also enjoy happier family life- something that every employee seeks. Remote working itself is made possible due to advances in Internet technology: it enables flexible work hours. Cloud Computing Migrating is an excellent example of how technologies are making offices obsolete. operations to cloud technologies Earlier, accommodating servers and their support infrastructure was a headache for most companies. The main reason- they are expensive to maintain, prone to frequent crashes for various reasons and need a lot of support infrastructure like air conditioning. Enter cloud technology, and servers are fast going extinct. Cloud computing enables employees located anywhere in the world to access their employer for any business. And cloud software costs much lower than servers and maintenance. Usually, cloud software developers will provide the necessary updates either free or through subscription. Some companies claim, they save over 15 percent of operational costs by after switching to cloud-based platforms. Blockchain For some years, Blockchain was a less understood technology. Its main purpose was for dealing in crypto-currencies including Bitcoin. Over the years, this scenario is changing. Banks and other organizations now eye to meet growing demands for faster transactions and business deals. Blockchain as an effective solution Advances in Blockchain technology and its adoption by financial corporations are creating remote jobs worldwide. Blockchain and its processes are easily accessible in most parts of the world. As corporations increasingly adopt Blockchain, we would see traditional offices become obsolete. Remote Work Apps Workplace by Facebook, TeamViewer, are just some apps that enable remote work using smartphones. Some are available free while others are on subscription only. They cost a mere fraction of what it takes to set up an entire, fully equipped office. These apps enable companies to keep track of employee performance while enabling collaboration between remote workers. Microsoft Remote Simultaneously, there are corresponding advances in mobile technology too. We already have high-speed Fifth Generation (5G) and Fourth Generation (4G) mobile Internet in some parts of the world. Smartphone manufacturers, including those using Android platforms and Apple, are upgrading devices to match advances in mobile technologies. This translates as more flexibility for remote workers to work while on the move. And it spells impending doom for traditional offices. Internet of Things (IoT) Over are projected to be in use worldwide by 2020 says the World Economic Forum. Not without reason. IoT is steadily entering homes in the form of smart refrigerators, air conditioners, and other appliances. By the same corollary, IoT is making steady headway in the corporate world too. 20 million Internet of Things (IoT) devices IoT is one of the keys that enables work-from-home or remote work. It allows telecommuters to connect with their offices, regardless of time and location. In return, this translates into better productivity and higher profits. In stark contrast, traditional offices fare poorly: they operate during fixed hours and require expensive staff and infrastructure. Conclusion These facts indicate technologies will make offices obsolete. Remote work combined with technologies enables businesses of all sizes to hire workers with much-desired skills anywhere in the world. Also, it will eradicate geographical frontiers. And we will see more new technologies that make offices redundant, emerge over the coming years. <a href="https://medium.com/media/3c851dac986ab6dbb2d1aaa91205a8eb/href">https://medium.com/media/3c851dac986ab6dbb2d1aaa91205a8eb/href</a>

Could Technology Make Offices Obsolete?

Ready to build an enterprise that endures the test of time and prevails in the future? Get organized to drive more cross-collaboration, creativity, sustained innovation, and digital transformation. If you could peer into a crystal ball and see how the world’s most successful companies were being run in 2029, what do you think you would see? I’ll hope what you see much of (unless something very drastic happens to the evolution of business over the next decade), and that’s organizational silos, manual processes, dependent employees, micromanagers, and the myriad of other business ills that companies are trying to solve right now. won’t Instead, your crystal ball should paint a picture of companies that thrive on collaboration, creativity, and innovation. By 2029, the leaders of these firms will have figured out the combination to fully leveraging these three qualities into successful, sustainable organizations. Here’s how they’ll do it: Max out both internal and external collaboration. They say no man is an island, and this is particularly true in the business arena, where we all rely on one another for ideas, insights, customers, sales, and everything else a company needs to thrive. So along with stoking internal collaboration among employees, the leader of the future has to broaden those networks outside of the company’s four walls. That means customers, suppliers, third-party providers, and other stakeholders will play a larger role in everycompany’s success (not just their own). team created a new WWII fighter jet in just 143 days — it’s one that begs to be rediscovered over and over. In the 1980s, Texas Instruments (TI), a leader in semiconductors, found itself lagging in its innovation. It formed an official collaborative development group, The Lunatic Fringe, tasked with bringing the company back from the brink. Today, the group’s mission is to continuously find new uses, opportunities, and ventures for TI technology. In 1943, Lockheed’s skunk works Cross-boundary collaboration happens in an environment where ideas are celebrated and anyone is welcome to contribute, regardless of their position or group, either within or outside the enterprise. Get behind creativity across the enterprise. entire You remember the story about the pair of 3M scientists who came up with idea for the Post-it® note, right? If not, here’s a quick refresh: In for his church’s upcoming service but needed a bookmark that would stick to the paper without damaging it; Spencer Silver was researching adhesives in the laboratory and discovered an adhesive that stuck lightly to surfaces but didn’t bond tightly to them. 1968 Art Fry was using small paper scraps to mark the hymns The rest, as they say, is history. The Post-it note has endured for more than 50 years, but this example shows just how valuable employee creativity can be for a company (Collectively, there are more than 4,000 Post-it products). In fact, an IBM poll reports that the majority of CEOs consider creativity to be a critical leadership skill (ranking higher than integrity and global thinking). The organization of the future will move even further down this path, ensuring that employees have the tools they need to be creative, and that leaders encourage it and support it. In return, companies see better team communications, improved collaboration among workers, higher sales and productivity, and a more engaged workforce. . Think, act, and do digital Technological transformations will continue to reshape the way the business world is organized. As information becomes more plentiful and less centralized, more organizations are likely to decentralize, too, in order to respond swiftly to it all. Digital transformation can be defined as a process whereby an organization shifts their business models, processes, and organizational culture with digital technologies to adapt to changing information flow. Picture how people in an organization use information. An executive studies a computer dashboard of operational data, an employee surfs the web, an administrative assistant sifts through the paper mail, a committee meets and hears a report, email flows endlessly, operational plans are printed and bound and put on a shelf, and on and on. New ideas float along these “flows” of information. And a leader’s task is twofold: Ensure that you have the right technology platform and flows in place, and create “filters” that capture the most valuable ideas while discarding the stuff that isn’t useful or relevant. How do you set up those filters? In general, information can be managed in three ways. One is through organizational structures, such as decision-making groups. Another is in processes — who hands off what information to whom. The other is through automation — technology that gathers and presents data, such as CRM data from a website. But while it’s vital to view your organization as an information collector, processor, and distributor all at once, it’s just as important to see and act upon something in all that information. This is what thinking, acting, and doing digital means. new Organize for sustained growth. Sustained growth is a holistic human endeavor that requires both left-brained (analytical) and right-brained (creative) talents. No single leader or group of decision-makers can manage sustained growth. Innovative enterprises build a culture that embraces a left-brain/right-brain approach to creative thinking, executing, and communicating. And successful innovation depends upon input from a wide range of people in collaboration, sharing ideas, comparing observations, offering wide-ranging perspectives from their diverse viewpoints, and brainstorming solutions to complex problems. I refer to these divergent perspectives as personas. Persona’s are people, inside and out-side of an organization, playing specific roles to achieve a specific outcome. Here are a few examples: keep an enterprise from being too internally focused and caught in their comfort zone. Learning personas move the innovation lifecycle forward; they are skilled at navigating processes, politics, and red tape to bring an innovation to market. Organizing personas are closest to the innovative action, establishing connections between the learning and organizing personas; they apply insights from the learning personas and channel empowerment from the organizing personas to facilitate innovation. Building personas Personas help challenge assumptions as the innovation lifecycle unfolds. Some are analytical, some are creative; others are a combination. Not all innovation teams require all personas, and teammates can adopt or change personas during the process. A holistic leader continuously enables organizations of personas to drive sustainable growth. In the same way that a farmer repeatedly tills the soil to help seeds germinate, a leader needs to till the workflow to allow meaningful progress and the engagement to take root. Where should you begin? The fact is that sustainable organizations are never one-time things. What matters is the basis upon where to begin, and determining that takes a little self-examination. Start by taking these steps: Closely examine your current strategy, right here in the present. How well is your team executing your current plan? What changes are needed today? Consider those execution methods from the perspective of your immediate situation to determine whether changing circumstances is likely to make your organization more or less effective. Analyze the impact of your current work of your team, partners, and customers. Where are the most obvious places your results can be improved or revenue increased? Evaluate your present capabilities for making those improvements. What assets and resources do you have at your command to try something new? If this sounds a little too present-focused, don’t worry. The assumptions you’re making about the future are embedded directly in the way you’re doing things right now. Closely reexamining your existing processes can make it easier to see the type of sustainable future that your current strategy assumes you’re heading toward. Copyright © 2019 by Faisal Hoque. All rights reserved. I am an . Founder of and other companies. Shadoka enables aspirations to lead, innovate, and transform. Shadoka’s accelerators and solutions bring together the management frameworks, digital platforms, and thought leadership to enable innovation, transformation, entrepreneurship, growth and social impact. entrepreneur and author SHADOKA Author of “ ” (McGraw Hill) and “ ” (Motivational Press). Follow me on Twitter . Everything Connects — How to Transform and Lead in the Age of Creativity, Innovation and Sustainability Survive to Thrive: 27 Practices of Resilient Entrepreneurs, Innovators, and Leaders Faisal Hoque Use the Everything Connects leadership app and Suvvive to Thrive resiliancy app for free.

What You Must Do To Lead A Sustainable Organization

In the realm of workplace safety, Personal Protective Equipment (PPE) serves as an armor shielding employees from potential hazards, ensuring their well-being in high-risk environments. However, enforcing and monitoring PPE compliance has long been challenging for organizations, leaving room for lapses that can lead to severe consequences. Enter Vision AI, a revolutionary technology that promises to transform PPE monitoring like never before. Powered by advanced algorithms and machine learning, Vision AI equips cameras to recognize and analyze real-time data, accurately detecting the presence or absence of various PPE items. This blog sets its sights on the captivating world of Vision AI and its profound impact on PPE monitoring. As we embark on this journey, we will uncover organizations' challenges in ensuring proper PPE usage and explore how Vision AI steps in as a game-changer to address those concerns. The Current State of PPE Monitoring Personal Protective Equipment (PPE) encompasses an array of safety apparatus designed to shield employees from potential dangers they may encounter in their workplace. This indispensable gear, ranging from helmets and safety goggles to masks, gloves, and vests, is meticulously crafted to mitigate particular hazards across various industry sectors. Take, for example, the construction field, where workers don robust helmets to defend against the peril of falling debris. In contrast, healthcare professionals utilize specialized masks and gloves as essential tools to halt the transmission of infectious diseases, reflecting the nuanced application of PPE in diverse occupational environments. PPE is critical for ensuring the safety and well-being of workers in high-risk environments, making it an indispensable component of workplace safety protocols. However, effectively monitoring PPE usage presents a complex challenge for organizations today. Human monitoring, though essential, is prone to human error and may need help addressing a workplace’s scale and intensity. Ensuring consistent PPE compliance among employees becomes increasingly complex in large or dynamic work environments where constant monitoring is not feasible. Additionally, the diverse nature of PPE across industries and job roles further complicates the monitoring process. As organizations strive to meet regulatory requirements and uphold safety standards, they face the crucial task of consistently ensuring that each worker dons the appropriate PPE. Balancing efficiency, accuracy, and privacy concerns in the PPE monitoring process poses a significant hurdle that demands innovative solutions to enhance workplace safety. The Solution: Vision AI for PPE Monitoring To overcome the limitations of manual supervision, organizations are exploring modern technologies such as Computer Vision, also known as Vision AI. Today, Vision AI is emerging as a game-changer in Personal Protective Equipment (PPE) monitoring, allowing organizations to monitor compliance 24/7. This automated approach to PPE monitoring plays a significant role in reducing accidents and injuries due to PPE violations and unsafe work behavior. Fueled by advanced algorithms and machine learning, Vision AI introduces a new dimension of precision and efficiency in monitoring PPE usage. By empowering cameras to detect and analyze real-time data, Vision AI becomes a vigilant sentinel, safeguarding employees and workplaces from potential hazards. How Vision AI Monitors PPE Usage and Compliance? Vision AI operates on real-time detection, utilizing sophisticated algorithms to identify and track PPE compliance. Equipped with cameras strategically placed across the work environment, the system scans and monitors employee activities, recognizing various PPE items such as helmets, safety goggles, masks, gloves, and vests with remarkable precision. When a PPE violation is detected, the Vision AI system instantly generates real-time alerts and notifications. These timely interventions promptly address non-compliance, minimizing potential safety risks and creating a safer workplace for organizations. Core Capabilities of Vision AI for PPE Monitoring Having learned how Vision AI for PPE monitoring works, let's have a look at some of the core capabilities of Vision AI-powered solutions: Vision AI excels in real-time detection of Personal Protective Equipment (PPE). Equipped with advanced algorithms, it swiftly identifies and tracks various PPE items worn by employees, such as helmets, safety goggles, masks, gloves, and vests. The technology's ability to process data instantaneously ensures immediate alerts and notifications when non-compliance is detected, enabling swift corrective actions to enhance workplace safety. Real-Time Detection: : Vision AI solutions have exceptional accuracy and precision. Through continuous learning and improvement, the system improves its capabilities, reducing false positives and false negatives. This high level of accuracy instills confidence in organizations, ensuring that each instance of non-compliance is reliably detected and addressed. High Accuracy and Precision : A crucial aspect of scalability involves the seamless deployment and integration of Vision AI models with existing camera and surveillance infrastructure. This adaptability makes the technology well-suited for a wide array of industries and workplaces, such as manufacturing, construction, and healthcare. Regardless of the sector, Vision AI can be fine-tuned to align with specific PPE monitoring needs. Its capacity to effortlessly accommodate various PPE types and configurations empowers organizations to personalize the system according to their distinct safety protocols. Scalability and Integration : Beyond real-time detection, Vision AI offers valuable data analytics and insights. It collects and analyzes data on PPE usage and compliance, providing organizations with crucial information to identify patterns, trends, and areas for improvement. This data-driven approach enhances decision-making, enabling targeted training programs and safety measures to boost overall compliance and safety. Data Analytics and Insights Vision AI is designed to continuously learn and improve its capabilities. As it gathers more data and encounters diverse PPE scenarios, the system refines its algorithms, achieving even greater accuracy over time. This adaptability ensures that Vision AI remains at the forefront of PPE monitoring technology, delivering reliable results to safeguard employees effectively. Continuous Learning and Improvement: : By promoting PPE compliance and addressing non-compliance in real-time, Vision AI cultivates a robust workplace safety culture. Employees become more aware of the importance of wearing appropriate PPE, knowing that the system is vigilant in ensuring their well-being. This heightened safety consciousness fosters a secure and productive work environment. Enhanced Workplace Safety Culture : Recognizing the importance of privacy and data security, Vision AI solutions incorporate robust measures to protect sensitive information. Organizations can implement ethical and responsible practices to strike the right balance between safety and privacy concerns, assuring employees that their personal data is safeguarded. Privacy and Security Measures Incorporating these core capabilities, Vision AI revolutionizes PPE monitoring, setting new standards for workplace safety and compliance. As the technology continues to evolve, its potential to elevate safety practices and protect employees remains limitless, making Vision AI an indispensable tool for organizations striving to create secure and thriving work environments. Embracing Vision AI for PPE Monitoring opens doors to a safer, proactive, and more efficient business future. With its real-time detection, high accuracy, and adaptability, Vision AI provides a robust solution to overcome the challenges of manual PPE monitoring. Vision AI's data-driven insights further empower organizations to make informed decisions and implement targeted measures for continuous improvement. By harnessing the power of this transformative technology, businesses can enhance workplace safety, improve overall compliance, and foster a culture of proactive safety consciousness among employees. Vision AI for PPE monitoring

Beyond the Lens: How Vision AI is Transforming PPE Usage and Monitoring

Más allá de la lente: cómo Vision AI está transformando el uso y el monitoreo de EPP

Au-delà de l’objectif : comment Vision AI transforme l’utilisation et la surveillance des EPI

लेंस से परे: कैसे विजन एआई पीपीई उपयोग और निगरानी को बदल रहा है

レンズの向こう側: Vision AI が PPE の使用と監視をどのように変革するか

Além da lente: como a Vision AI está transformando o uso e o monitoramento de EPI

Ngoài ống kính: Vision AI đang thay đổi cách sử dụng và giám sát PPE như thế nào

超越镜头：视觉 AI 如何改变个人防护装备的使用和监控

Any chance to alleviate the burdens of manufacturing and supply chain workers should happen, and many of these modern opportunities happen with automation. Delegating tools to automate processes would improve workers' quality of life while solving some of the industry’s longest-standing problems by embracing a few pieces of technology. So, what technologies provide the cure-all for manufacturing and supply chains, and what problems can they eliminate to usher in a new industrial age? 1. Delay in Procurement Reporting It’s time to remove pen-and-paper inventories and antiquated communication methods in procurement teams. There shouldn’t be a time when a manufacturer should stop production because they don’t have the products they need to move forward with orders. The industry expects procurement technology to , automating supplier communications and order contracts. have a modern resurgence Having software connected to the cloud will automate countless aspects of procurement. Stops in manufacturing caused by waits in procurement should become a nonissue as automated technologies gather analytics, report compliance and improve B2B responsiveness all in one software hub. With automation, every order will have the supplies necessary to take care of it as the programs automatically prepare for upcoming assignments. Continuous maintenance on inventory prevents overstocking and warehouse burdens 2. Shortage of Labor The demands of manufacturing and supply chain jobs leave the industry numerous job openings. Intense hours or working in environments that aren’t temperature-controlled are only a few reasons turnover is so high. Workers must work overtime or cover missing employees, but robots can alleviate some stress by shouldering some burdens. Incorporating robots to accommodate labor shortages , as every year proves the industry is in need. Plus, they could cover some skill gaps while the workforce receives training. won’t jeopardize job security A related labor shortage issue is unavailable workers due to illness or injury. Though these numbers aren’t that high, automation can allow production to continue more efficiently if workers have to be out. A benefit like this will enable workers to feel more encouraged to take care of their health without feeling guilty the line will suffer without their participation. 3. Lack of Customization and Versatility Product lines halt constantly from machine faults to changeovers to different types of products. The inability of manufacturing lines to handle slight variations to a product without causing production stops shouldn’t happen in 2023. Machinery should solve these issues by allowing lines to run continuously while cranking out more product variants within a single process order. powered by robotic process automation Employing robots, like SCARA, will incorporate the mobility needed for rapid movement and adaptability, and programming these gadgets with the help of factory staff automates the rest. Operators can assign automated orders on and offline, reducing downtime from unnecessary setups from changing one aspect of the line. While the line runs smoothly, operators can use software to automate visualizations of other changes to the line, experimenting with more customization options to their product to measure efficiency without having to test physical products. Automation like this saves time and increases employee morale as manufacturing outfits operate more confidently. Software associated with these robots can report product failures, maintenance and setup rules for what each variant of the order needs with every piece remembered because of outdated manual processes. 4. Environmental Oversight Manufacturing is still a wasteful industry that’s environmentally destructive. Exorbitant are a few of the adverse environmental influences production and supply chains have, but automation can regulate and provide insight for greener improvements. As Internet of Things (IoT) devices use sensors to collect data from machines, eco-friendly process improvements become apparent. energy usage and excess pollutants Automated environmental oversight could reveal improvements in indoor air quality, ways to minimize water waste, and the amount of waste generated by production faults. Automated technology could reduce manufacturing’s reliance on resources and habitat destruction for materials, because analytics can maximize the value of their materials while realizing where they can cut waste for improved profits and efficiency. 5. Slow Maintenance and Inspection Processes Factories waste countless hours on inefficient maintenance, inspections and repairs. Automation could employ some of these changes without human hands and the line. Instead, programs and robots could notify operators when shutdowns are necessary and utilize predictive maintenance. regulate inspections automatically without stopping Compliance is critical for safety and adhering to government regulations, and IoT devices connected to robots and smart software could manage a lot of that surface area. Constant observation and smart maintenance lead to even more detailed — and improved — analytics demonstrating ever-increasing line performance and efficiency. Easier inspections, automatic compliance notifications and streamlined maintenance checklists improve bottom lines and impress shareholders. Streamlining Manufacturing With Automation Tools Manufacturing must keep up with the growing population and product demand. Trends change in a blink and communications have to be prompt to keep lines running and supply chains consistent. The sector must incorporate automation to solve issues, and it will update processes deemed efficient that could become more resilient with technology’s aid. Order processing, project planners and factory floor workers could enjoy seamless workflow by adopting automation into their daily operations.

5 Manufacturing Problems Solved By Automation

5 problemas de fabricación resueltos por la automatización

5 problèmes de fabrication résolus par l'automatisation

5 विनिर्माण समस्याओं को स्वचालन द्वारा हल किया गया

自動化によって解決される 5 つの製造上の問題

5 problemas de fabricação resolvidos pela automação

5 vấn đề sản xuất được giải quyết bằng tự động hóa

自动化解决的 5 个制造问题

Amazon a nominal increase in its fourth-quarter earnings, marking the slowest growth since its origin. However, a blooming crowd of the company’s loyalty program: Amazon Prime, and the stable performance of AWS helped offset the slowdown in the retail division and boost overall revenue. reported The tech giant registered an in net sales to $149.2 billion in the fourth quarter, compared with $137.4 billion in the fourth quarter of 2021. The “economic uncertainty, coupled with the continuation of inflationary pressures,” took a toll on its earnings. The stocks in 2022, the biggest decline since 2009. increase of 9% tumbled by 51% Amazon's primary source of revenue has been its cloud computing division, Amazon Web Services (AWS), especially during times when its retail business experiences challenges. However, the recent quarter showed a decline in AWS revenue growth, reaching only 20% - the slowest growth rate since Amazon started reporting it. “Everyone is trying to cut their costs,” said Brian Olsavsky, Chief Financial Officer of the company warning the next couple of quarters to witness the same fate. In light of this economic instability, CEO Andy Jassy maintained that they seek to build strong relationships by helping their “customers find a way to save money.” Sales in the online retail division of Amazon decreased by 2% year over year. As a result of consumers cutting back on discretionary spending due to increased gas and food prices, the company has been dealing with declining sales. With consumers increasingly resorting to physical businesses, the pandemic-driven e-commerce boom has also faded out. Amazon seeks to cut costs along with its customers, said Mr. Olsavsky. In an attempt to keep up with the uncertain economic environment, he said, they are eliminating 18,000 job roles impacting stores, businesses, and internal teams. While the company reduces white-collar jobs by imposing a , it invested in automation and streamlining of operations in April. corporate hiring freeze $1 billion The e-commerce retailer follows a customer-centric approach, and with the one-day delivery feature that it offers for its Prime Members, speed and accuracy are their utmost priority. To save time, the company an automated storage retrieval system “Sparrow” back in November  aimed at replicating human efficiency in picking operations to speed up the order fulfillment process. introduced “We realize that we exist to make customers' lives better and easier every day and relentlessly went to do so. And being maniacally focused on the customer experiences, always going to be a top priority for us,” said Mr. Jassy. The company has been in a long battle with warehouse workers demanding higher pay raises and better working environments. Its reputation precedes the finding that "Amazon's operating methods are creating hazardous work conditions and processes, leading to serious worker injuries." reports Back to cutting costs and increasing revenues, Amazon pointed out how the need for long-term strategic investment and an in-depth assessment of the downturn of events led them to eliminate “some programs in fabric.com and Amazon Care and Amazon Glo, and Amazon Explore.” Adding to it, the company has high aspirations for expanding into the grocery market with the concept of introducing hybrid stores facilitating omnichannel functionality.  The CEO said that the grocery format is still under experimentation and they have decided to go slower on the implementation until they “had a format” worth rolling out. Surpassing internet ad businesses like Google, Facebook, and Snap, the company’s advertising income increased by 19% from a year earlier (23% discounting changes in foreign exchange rates). Amazon has recently become one of the market leaders in digital advertising by providing sellers and brands with more options for paying to advertise their products on the company's website, applications, and media properties. With its Prime subscription benefits, the company could bring up the engagement rate by about 11%  among the age group of the 18-34-year-old bracket. “ Prime membership continues to be a great value for our customers, and improving our Prime benefits is a continuous part of our investment strategy. Along with competitive pricing, broad selection, and faster delivery speed, we've seen Prime members respond to our expanding entertainment offering” said Mr. Olsavsky. The company sees video as the major driver of  Prime Member engagement and Prime Member acquisition. With continued investments in large video properties, the e-commerce giant stays optimistic not only about the acquisition but also the retention of Prime member accounts. Amazon keeps the window open for witnessing some gradual economic downturns in the upcoming quarter due to uncertain environments. However, it expects to draw profits from its cloud computing system AWS, an evergrowing community of Prime members, and the widespread global transportation network. It also aims at expanding its business overseas with autonomous solutions facilitating warehouse operations, improving the efficiency of fulfillment centers.

Amazon's Financial Future: Expansion Plans, Leveraging AWS, and Investment in Customer Loyalty

Amazon এর আর্থিক ভবিষ্যত: সম্প্রসারণ পরিকল্পনা, AWS ব্যবহার, এবং গ্রাহক আনুগত্যে বিনিয়োগ

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El futuro financiero de Amazon: planes de expansión, aprovechamiento de AWS e inversión en fidelización de clientes

L'avenir financier d'Amazon : plans d'expansion, utilisation d'AWS et investissement dans la fidélisation de la clientèle

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Amazon の財務の未来: 拡張計画、AWS の活用、顧客ロイヤルティへの投資

Amazon의 금융 미래: 확장 계획, AWS 활용 및 고객 충성도에 대한 투자

Futuro financeiro da Amazon: planos de expansão, alavancagem da AWS e investimento na fidelidade do cliente

Amazon'un Finansal Geleceği: Genişleme Planları, AWS'den Yararlanma ve Müşteri Bağlılığına Yatırım

Tương lai tài chính của Amazon: Kế hoạch mở rộng, tận dụng AWS và đầu tư vào lòng trung thành của khách hàng

亚马逊的财务未来：扩张计划、利用 AWS 和投资于客户忠诚度

Technology is the cornerstone of just about every industry nowadays, and the massive healthcare industry is no exception. Modern healthcare is more advanced than ever, and caring for patients is becoming easier and more effective because of new technologies. However, the COVID-19 pandemic put a spotlight on some of the weaknesses the healthcare industry is struggling to improve. A serious issue many healthcare workers are facing right now is burnout — a unique type of job-related stress — and the situation is only getting worse. New and emerging technologies might serve as a potential solution to healthcare worker burnout. Healthcare Workers and Burnout in 2023 Unfortunately, many healthcare workers are experiencing significant cases of burnout. Burnout, as defined by the Mayo Clinic, is directly tied to one’s job. a state of emotional and physical exhaustion Workers experiencing burnout often feel a reduced sense of accomplishment, interest in their roles and responsibilities, and even a lost sense of purpose or identity. Burnout is running rampant in the healthcare industry. Some of the include: symptoms of caregiver burnout Lack of energy Fatigue/sleeping problems Increased symptoms of anxiety and depression Mood swings Feeling hopeless Withdrawal from usual activities Difficulty coping with stress or sadness Unintended weight gain or loss A 2021 survey from Cross County Healthcare, Inc. found that nearly 37% of nurses were burned out, overworked, or stressed, causing more nurses to consider leaving their jobs. Only 32% of them were satisfied with their jobs, a decline from the before the pandemic. 52% who reported feeling satisfied 5 Technologies That Potentially Reduce Burnout in Healthcare Workers Various are sparking change. Take telehealth, for example. new technologies in the healthcare sector The significant increase in telehealth and telemedicine services made it much easier for patients to receive care from doctors at a time when leaving home meant potential exposure to the COVID-19 virus. Without telehealth appointments, it would’ve been more difficult for people to find decent medical care. Humans weren’t the only ones to benefit from telehealth or telemedicine, either — and even offered animal healthcare online during the pandemic. veterinary services went digital Explore some of the technologies that might help alleviate the cases of burnout in healthcare workers. 1. Robotic Process Automation (RPA) RPA can be a major boon to healthcare organizations. Caregivers are often responsible for loads of paperwork, filling out electronic health records (EHRs), and processing claims. The main purpose of RPA is to use various advanced algorithms for doctors and other medical workers. to automate monotonous or repetitive tasks In doing so, RPA-enabled equipment and computer systems to operate without human intervention, freeing up doctors, nurses, and other medical staff to care for patients instead. Employees can automate claims processing, insurance paperwork, and other EHR processes to focus on more meaningful duties. Healthcare workers can achieve high productivity in the areas of their job that need it most urgently, such as administering medications to patients, performing life-saving surgeries, and diagnosing medical conditions. 2. Workforce Management System (WMS) Another piece of technology that could help healthcare workers avoid burnout is a state-of-the-art workforce management system (WMS). WMSs are critical in today’s healthcare sector, as they enable healthcare facilities to manage a productive staff. There are many types of software and service platforms available in the WMS space to assist healthcare providers with scheduling, reducing costs, improving efficiency, and delivering positive patient outcomes. The risk of poor patient outcomes and are straining today’s industry. the shortage of skilled workers A high-performing WMS might not solve labor shortages or poor patient experiences, but it could play a major role in reducing worker burnout. Nurses and doctors benefit from enhanced staffing and scheduling with a WMS, meaning they might be able to work fewer hours and strike a work-life balance. 3. Remote Monitoring Remote patient monitoring (RPM) tools, whether Bluetooth-enabled glucometers, spirometers, weight scales, or manometers, are becoming increasingly popular in healthcare. RPM devices help medical workers monitor their patients from afar, so they can stay on top of any changes as they happen from any location. With remote monitoring, physicians can monitor a patient’s medical condition, vitals, or basic health metrics without having them visit the office or spend time on a phone or video call. Ultimately, remote monitoring helps healthcare providers save time and effort, helping reduce feelings of burnout. Another benefit of RPM is that it can reduce the number of hospitalization cases. RPM can from diseases. prevent or delay complications Fewer patients in a hospital ease the burden on an already busy staff, which gives them more time to take breaks, eat, drink water, and take care of their bodies and minds. 4. Artificial Intelligence (AI) Chatbots AI is becoming more widely used in just about every industry. AI-powered healthcare chatbots are one technology that could also reduce employee fatigue. Instead of answering calls or emails, or scheduling appointments, employees allow an AI chatbot to start the triage process with patients. The chatbot can gather intake forms, ask patients about their symptoms and guide them on the next steps. AI healthcare chatbots are revolutionizing with their patients, and employees get to benefit from chatbots as well. the way healthcare providers interact In these instances, patients can receive a more streamlined version of an in-office visit from the comfort of their own homes through their devices, like smartphones, tablets, and laptops. 5. Digital Wellness Tools The tech mentioned above might not eliminate employee burnout entirely, but it could alleviate some of the burdens employees carry throughout their workdays. Additionally, digital wellness tools can help employees cope with common burnout symptoms, like sleeping problems, anxiety and depression, and lack of energy or motivation. Mental health matters, especially in the caregiving and healthcare field. It’s crucial for providers to take care of their own mental well-being so they can show up to work and care for others. Various — like Headspace, Wellness 360, Pulse, and more — can help employees prioritize their mental, physical and emotional well-being to curb the effects of burnout. digital wellness tools Using New Tech to Reduce Burnout in Healthcare Workers It’s safe to say that jobs in the healthcare sector are very demanding. Doctors, nurses, caregivers, and other hospital staff are busy professionals, working with patients and trying to deliver the best, highest quality care possible. Achieving these goals can become challenging, especially at a time when risks are high and hospitals are busy. Burnout in healthcare workers is increasingly common. If healthcare companies want to ensure their staff is operating successfully, it’s critical they adopt and implement some of the technologies above. Technology won’t remove potential workplace barriers like burnout, but it can surely alleviate the burdens healthcare workers face in their roles.

Healthcare Worker Burnout: 5 Technologies That Could Help

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The use of technology has become a determining factor when it comes to analyzing and strengthening employees' commitment to their companies. Employee engagement software is not only there to streamline the day-to-day activities of HR departments in their functions of selecting, training, evaluating, rewarding, or developing the talent of their staff, but also allow them to manage the needs and expectations of employees with their organizations by establishing two-way communication channels. It is proven that the best performance results are linked to a high level of commitment for the employees with their work or company. But achieving this loyalty and commitment is not an easy task. Many employees are "disconnected". Only two out of five workers express the intention to work in the same organization for at least another year. The report states that 70% of employees experience stress regularly, which considerably undermines their level of commitment to their jobs. To counteract these figures, organizations must focus their efforts on motivating their employees through a good work-life balance (31%), the adoption of a flexible work model (39%), and a dynamic workplace (30%). Employee engagement becomes essential in the HR challenges in 2022 In an increasingly global and changing environment, a becomes a critical element for flexible and remote work because it allows: digital workplace Automate and augment HR process Communicate in an effective and impressive way Achieve employee commitment and more nurturing environment that fosters a sense of belonging and teamwork in the new flexible framework Getting employees committed to their jobs helps good business management and is one of the factors leading to business success. The perfect recipe for engagement only succeeds when employees clearly understand their role and can directly see the relationship between it and the organization's overall goal. Here's what Employee Engagement Software brings into your workplace: Some mechanisms help human resources professionals when it comes to promoting work commitment. Promoting work commitment: Contribute to creating solid and united teams that drive innovation. Employee strengthening: Data analysis programs allow for improved decision-making. HR analytics: Employers who do their job better will be able to attract the best talent, obtaining better business results thanks to their reputation. Employer brand: It is true that the salary is a motivating factor for an employee but so do other non-monetary benefits that employees highly value. It ultimately leads to employee engagement, . Badges and Rewards: rewards & recognition Software has a perfect way to show how much you care about employees. Moodbot popup provides monthly data on employees’ mood selections that will help you understand what made them happy and for what reasons or vice versa. Moodbot: Four out of five managers consider social connections to create strategies for success. Digital community: Employee engagement software allows human resources to focus on other more strategic aspects. More time: Obstacles to through Automated Software Improving Employee Engagement Those responsible for HR pointed out two main obstacles when asked about what prevents improving employee commitment. One is that communications always come "from the top", with little or no opportunity for employee feedback. Another is the use of communication tools that are not relevant; specifically, they recognize the limitation of email since being too formal is not suitable for all types of communications. Added to this is that they are aware that young workers have higher expectations regarding corporate communication. Employee engagement software is all about data, and data can tell a story. Employees increasingly require this storytelling to learn more about their organization and commit to it. Employees want more information: According to a study, 79% of employees want their boss to share more information about what their company is doing. 31% of those surveyed know someone who has left their job due to lack of information. Indians, the most dissatisfied workers: These data should be of particular concern in our country and should be considered when sharing information with employees. The report on well-being at the workplace shows that Indians are the most dissatisfied in their work environments. Another study confirms that employees become more loyal, productive, and motivated when they participate in the company's strategy thanks to transparency. Data shows that it is imperative to share more information to reduce employee turnover. In addition, it will not only be a benefit in the short term but also in the medium and long term, since the company's image as an employer brand will be improved, For this reason, it is best to consolidate business communication and collaboration needs on a single platform. With a single solution, there is no longer a need to share the same knowledge across multiple applications to ensure that all staff gets the message. The agility of use and continuous 'Feedback' So let's compile, taking into account what has been pointed out so far. The ideal collaboration for with rewards & recognition boosts consolidated communications in a single point that also allows continuous feedback from all company levels. employee engagement The value of software is unquestionable, as it has become the predominant collaboration tool on the market. Still, it is true that, by its nature, it tends to create separate teams. Also, it would be easy to say that its integration simply breaks down the professional and geographic boundaries between employees. It doesn't matter where they work or where they are. This tool makes it easy to create an inspiring atmosphere of informal interaction with employees. Meet professional and personal demands Employee engagement software is an essential support to promote internal communication within the company. HR and managers can use the software for business communications, encouraging more participation, creating groups for different interests, launching contests... The only limit is your imagination. Conclusion The sum of these approaches in platforms recognized by the market allows us to meet the demands of employees as professionals and as people in the new work scenario, whether remote or face-to-face. That they feel the interest of the organization for their work and personal fulfillment is the best strategy to achieve their commitment.

Why Employee Engagement is More Than a Buzzword

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WORKERS HIGH

workershigh.com

-- employees

Since n.d.

COMPANY RANKING

WORKERS HIGH

EVERGREEN INDEX #11786

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