future - Blog - Global Risk Community2024-03-29T07:19:43Zhttps://globalriskcommunity.com/profiles/blogs/feed/tag/futureUnlock the Secret Formula for Unstoppable Success of Work Strategy into the Future!https://globalriskcommunity.com/profiles/blogs/unlock-the-secret-formula-for-unstoppable-success-for-work-strate2023-09-25T13:22:53.000Z2023-09-25T13:22:53.000ZMark Bridgeshttps://globalriskcommunity.com/members/MarkBridges<div><img src="https://storage.ning.com/topology/rest/1.0/file/get/12232249691?profile=RESIZE_400x&width=400"></div><div><p><span style="font-size:12pt;"><strong>Future Work Strategy</strong></span></p><p><span style="font-size:12pt;">Many businesses are preparing for the Future of Work in silos led by strategic thinkers. This unstructured and fragmented approach to the Future of Work risks conflicting business unit priorities, redundant processes and initiatives, and organizational misalignment. Risks can be costly.</span></p><p><span style="font-size:12pt;">A Future of Work Strategy can boost employee engagement, innovation, and competitiveness. HR leaders must build a coordinated strategy to compete in a disruptive and uncertain world as more firms plan for the Future of Work.</span></p><p><span style="font-size:12pt;">However, HR directors struggle to decide how to formalize the Future of Work at their firms. This framework presentation explains how to create a Future of Work Strategy by describing the 3-steps to follow to achieve the Future of Work Strategy:</span></p><ol><li><span style="font-size:12pt;">Trend analysis</span></li><li><span style="font-size:12pt;">Scenario Creation</span></li><li><span style="font-size:12pt;">Future of Work Strategic Planning</span><span style="font-size:12pt;"><a href="https://flevy.com/browse/flevypro/future-of-work-strategy-7206" target="_blank"><img class="align-full" src="{{#staticFileLink}}12232249882,RESIZE_710x{{/staticFileLink}}" alt="12232249882?profile=RESIZE_710x" width="710" /></a></span></li></ol><p><span style="font-size:12pt;">We examine each phase and break down the Future of Work Strategy formulation process into 8 steps.</span><span style="font-size:12pt;"><strong><br /> </strong></span></p><p><span style="font-size:12pt;">A Future of Work Strategy often assesses current and future workforce needs, plans for upskilling and reskilling personnel, and implements new technology and work procedures. Gartner defines a Future of Work Strategy as a series of activities to address the uncertainties and repercussions of future events that affect how, when, where, who, and even what work is.</span></p><p><span style="font-size:12pt;">The organization or external trends like can cause these changes... <u>(<a href="https://flevy.com/browse/flevypro/future-of-work-strategy-7206" target="_blank">See more</a>)</u></span></p><p><span style="font-size:12pt;"><strong>Trends Analysis</strong></span></p><p><span style="font-size:12pt;">First-phase trend analysis has 3 steps: (1) scoping, (2) identifying, and (3) prioritizing trends and potential disruptions.</span></p><p><span style="font-size:12pt;">Sourced trends from outside specialists, press publications, industry-specific trend studies, and search engine alerts are one way to identify future work patterns. Internal sources include progressive business leaders, talent analytics, board and executive meeting minutes, employee, and consumer surveys. Meanwhile, derived trends by visualizing a possible future and working backward to what needs happen to make it happen. Premortems, science fiction, and cross-industry competitor behavior study can help predict the future.</span></p><p><span style="font-size:12pt;">In the 2nd step of Trends Analysis, we evaluate trends on a spectrum of low to high uncertainty and dependent on external influences. The significance and implications of detected trends are based on low to high uncertainty and external influences.</span></p><p><span style="font-size:12pt;">Trends Analysis concludes by prioritizing trends with the greatest potential impact or competitive advantage. NASA's 3-filter approach and John Deere's megatrend assessment filter approach demonstrate this.</span></p><p><span style="font-size:12pt;"><strong>Scenario Creation</strong></span></p><p><span style="font-size:12pt;">Using prioritized Future of Work trends, the 2nd phase adapts to predict and test future business scenarios. Scenario creation follows to develop and test future scenarios.</span></p><p><span style="font-size:12pt;">In the 1st step of this phase, we develop future scenarios by identifying the business implications of each once your scenarios have been developed, using storytelling techniques to build simple and relatable narratives that illustrate the business impact, and assessing the quality of the scenarios.</span></p><p><span style="font-size:12pt;">To test scenarios, we must define possible events that must or must not happen for each scenario to unfold and analyze their likelihood to prioritize the scenarios with the highest probability and disruption.</span></p><p><span style="font-size:12pt;"><strong>Strategic Planning</strong></span></p><p><span style="font-size:12pt;">In the 3rd step, a roadmap is created to identify, implement, and track future of work activities. The strategy plan should adapt to trends. Scenario Planning culminates with a strategy plan that can adapt to changing trends and implement future work objectives. Identifying Initiatives, Designing Programs, and Measuring Progress comprise the last phase.</span></p><p><span style="font-size:12pt;">Interested in learning more about the <a href="https://flevy.com/browse/flevypro/future-of-work-strategy-7206" target="_blank">Future of Work Strategy</a>? You can download an editable Future of Work Strategy and template <a href="https://flevy.com/browse/flevypro/future-of-work-strategy-7206" target="_blank">here</a> on the <a href="https://flevy.com/top-100">Flevy documents marketplace</a>.</span></p><p><span style="font-size:12pt;"><strong>Do You Find Value in This Framework?</strong></span><br /> <span style="font-size:12pt;"> You can download in-depth presentations on this and hundreds of similar business frameworks from the <a href="https://flevy.com/pro/library">FlevyPro Library</a>. <a href="https://flevy.com/pro">FlevyPro</a> is trusted and utilized by 1000s of management consultants and corporate executives.</span></p><p><br /> <span style="font-size:12pt;"> For even more best practices available on Flevy, have a look at our top 100 lists:</span></p><ul><li><span style="font-size:12pt;"><a href="https://flevy.com/top-100/strategy">Top 100 in Strategy & Transformation</a></span></li><li><span style="font-size:12pt;"><a href="https://flevy.com/top-100/consulting">Top 100 Consulting Frameworks</a></span></li><li><span style="font-size:12pt;"><a href="https://flevy.com/top-100/digital">Top 100 in Digital Transformation</a></span></li><li><span style="font-size:12pt;"><a href="https://flevy.com/top-100/opex">Top 100 in Operational Excellence</a></span></li><li><span style="font-size:12pt;"><a href="https://flevy.com/top-100/organization">Top 100 in Organization & Change</a></span></li></ul></div>Thermal Interface Materials are Trending Among the Electronic deviceshttps://globalriskcommunity.com/profiles/blogs/thermal-interface-materials-are-trending-among-the-electronic2020-09-29T10:22:32.000Z2020-09-29T10:22:32.000ZKBV Researchhttps://globalriskcommunity.com/members/KBVResearch<div><p>Here’s What You Need to Know about Thermal Interface Materials and why it is making a wave in the industries. As we are living in the 21st century, the world of digitalization, there is huge utilization of smartphones, tablets, desktops, and laptops. This tends to increase the manufacturing of such devices and all these electronic devices are installed with Thermal Interface Materials to protect them from the damaging effect of the heat produced by them. The growing automotive industry in developing is another factor that is driving more deployment of TIMs in the manufacturing sectors.</p><p></p><p><a href="{{#staticFileLink}}8028336086,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028336086,original{{/staticFileLink}}" class="align-center" alt="8028336086?profile=original" /></a></p><h2><strong>What are Thermal Interface Materials?</strong></h2><p><a href="https://www.kbvresearch.com/thermal-interface-materials-market/">Thermal Interface Materials</a> are those that have high thermal conductivity. They dissipate the heat produced from a source to the sink and thereby acts as an interface medium. These Materials are used between two hard surfaces for the conduction of the heat generated. They are widely used in modern electronic devices such as CPU, hard disks, LED, graphic cards, microprocessors, chipsets, etc. As the management of heat dissipated from these devices is important for maintaining the longevity, reliability, and overall performance of the electronic devices. Owing to its improved heat transfer capabilities, they play a vital role in the electronic industries.</p><h2><strong>Thermal Interface Materials are consists of</strong></h2><p>There are different types of material available including thermal tapes, grease, and adhesives, elastomeric pads, phase change materials, etc. that are used as interface material. These products are selected on the basis of their mechanical factors, tensile strength, material compatibility, chemical resistance, and thermal conductivity.</p><ul><li>Tapes and films: These materials are thermally conductive in nature. They are combined with mechanical attachments that improve the thermal conductivity of the joined surface. Tapes and films reduce the thermal resistance between the two surfaces.</li><li>Greases and adhesives: Thermal greases and adhesives are extensively used in consumer products and to provide high thermal resistance. Thermal grease is also called thermal paste. It is easily spreadable between two surfaces. Thermal greases can either silicon-based or silicon-free, which intensify the inclusive conductivity of the mixture.</li><li>Elastomeric Pads: As compared to greases, elastomeric pads are considered as better thermal interface materials it can be easily assembled. At the same time, their handling mechanism is also improved thus there are fewer chances of degradation of the interface resistance.</li><li>Metals: The metallic substances that are used as Thermal Interface Materials have high thermal conductivity and low thermal resistance. These properties of metals make them an efficient material for TIMs and are commonly used in automobile industries.</li><li>Phase change materials: Phase change materials find their major usage in construction work due to rising demand for cooler buildings construction. These Phase change materials remain solid at room temperature and, with an increase in temperature they change their phase to liquid. This means they act as heat storage in which the heat gets absorbed during summer and get dissipated winters to manage the temperature difference. This distinctive property of Phase change materials is bringing their demand as a building material.</li></ul><h2><strong>Benefits of using Thermal Interface Materials</strong></h2><ul><li>They dissipate the heat produced from a source to the sink and thereby acts as an interface medium.</li><li>The management of heat produced from electronic devices and gadgets is important for maintaining the reliability, and overall performance of the electronic devices.</li><li>Thermal Interface Materials application is important to save your equipment from the heating effect.</li><li>They increase the efficiency, and longevity of the materials in which it is embedded.</li><li>TIMs ensure the safety of electronic devices.</li></ul><h2><strong>Areas where Thermal Interface Materials finds its applications</strong></h2><h3><strong>Telecom</strong></h3><p>Thermal Interface Materials are extensively used in telecom industries due to the increasing penetration of data and smartphones. In order to achieve the faster speed networks, new devices are being designed that need to have better Thermal Interface Materials installed in it. With the digital revolution, there is a surge in the preference for a digital and cashless economy, this in turn leads to increased use of Thermal Interface Materials.</p><h3><strong>Industrial machinery</strong></h3><p>TIMs are also used in power electronics machinery that finds application in various industries. The cost of these devices is very high, and they also produce a larger amount of heat during its operation. Therefore they must be protected from the heat that may cause damage to these machinery. For this purpose, better quality and improved Thermal Interface Materials must be used in them.</p><h3><strong>Medical devices</strong></h3><p>In the complex electronic systems used in medical devices, an effective Thermal Interface Materials should be used. They mainly consist of a liquid cooling system. As the increased heat dissipated may hamper the performance and efficacy of the devices. TIMs reduces the thermal barrier in the microprocessor and the type of Thermal Interface Materials used to determine the longevity and reliability of the devices.</p><h3><strong>Computer</strong></h3><p>Thermal Interface Materials are used as a heat sink in computers and laptops to cool CPUs, chipsets, graphic cards, LED, and RAM modules. In order to protect the devices from damaging effects of the heat. In these devices, thermal adhesive or thermal grease is mostly used as TIMs. The affordable price of desktops has increased their demand and thus it is expected that the use of Thermal Interface Materials will also increase in manufacturing of such devices.</p><h3><strong>Automotive electronics</strong></h3><p>Thermal Interface Materials are used in the electronic control unit in the automotive. The protection of the component from thermal degradation is important as it may cause complete failure if the system. Furthermore, technical advancements in TIMs are made that are expected to provide better thermal management solutions in automotive electronics.</p><h2><strong>Trends</strong></h2><p>Even after the outbreak of COVID-19, the consumer behavior pattern for electronic devices like smartphones, tablets, and video games has not decreased. Rather, it is observed that the use of such devices has increased among consumers in recent times amid the crisis.</p><p>Moreover, this pandemic has also resulted in an increasing trend of work from home, this in turn surged the use of computers and laptops. Apart from it, many countries are focusing on the adoption of more pharmaceutical and medical machinery in the healthcare sector, which will improve the medical facilities, and this ultimately boosts the application of thermal interface material.</p><h2><strong>To sum up</strong></h2><p>The thermal interface material market has been witnessing rapid growth due to the rise in the use of computers and laptops in office as well as in homes. The increasing reliance of the consumers on electronic items such as smartphones, tablets, computers, and laptops has resulted in an increase in the demand for thermal interface materials. The emerging affluence of the middle-class population and the increase in disposable income is another reason that will drive the growth of the market in the coming years.</p><p>The advancement in technologies has also introduced a new array of such material and made it available in the market, and it is likely to boost their demand in the foreseeable period of time. The establishment of the electronics industry, automobile industries, and the adoption of more pharmaceutical and medical machinery in the healthcare sector in developing countries has resulted in the more application of TIMs.</p><p> </p></div>Everything You Need to know about Robotic Process Automationhttps://globalriskcommunity.com/profiles/blogs/everything-you-need-to-know-about-robotic-process-automation2020-08-21T07:27:50.000Z2020-08-21T07:27:50.000ZBhupendra Prasadhttps://globalriskcommunity.com/members/BhupendraPrasad<div><p>The modern era has seen the transformation in the digital world, which is regularly evolving, <strong>Robotic Process Automation</strong> is drawing much attention all over the world.</p><p>Technological advancement is no longer a new phenomenon. In the past few years, RPA technology has gained the attraction of corporate that is concerned about automation initiatives. RPA is interesting for companies that seek an excellent operational strategy.</p><p></p><p><a href="{{#staticFileLink}}8028332262,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028332262,original{{/staticFileLink}}" class="align-center" alt="8028332262?profile=original" /></a></p><h2><strong>What is Robotic Process Automation (RPA)?</strong></h2><p>Robotic Process Automation (RPA) is the technology that enables the automation of the task in the same way as a human does. A robot involves in robotic process automation does not only mean that robots are taking the place of human beings, but it also means a computer software that copies human actions and behavior.</p><p>In other words, Robotic Process Automation is a program that emulates the behavior and actions of humans while interacting with a computer application and accomplishing automation of repetitive, rule-based processes. It is also referred to as software robotics.</p><p>RPA can be used to automate tasks such as data entry, back-office processes, customer care automation, and data validation, etc.</p><p></p><h2><strong>Why Robotic Process Automation is getting Popular?</strong></h2><p>Robotic Process automation comes with numerous benefits such as reduced cost, improved speed, precision, and consistency. Moreover, RPA also offers improved quality and scalability of production. RPA can also provide better security, especially for financial services and sensitive data.</p><p></p><p>RPA is deeply extensive, consists of the integration application programming interface into other enterprise applications and some types of Artificial Intelligence services such as image recognition. Robotic process automation is considered to be an important evolution of technology to the extent that it is emerging as competently resilient, mature, scalable, and reliable to make this approach feasible for use in large enterprises.</p><p></p><p>Robotic process automation systems provide a realistic means of utilizing new services, wherein robots imitate human actions to perform various tasks.</p><p>Deploying RPA is affordable as it does not require installation of any new IT transformation or investment; rather RPA robots make maximum advantage of existing IT algorithms, designs, and systems.</p><p></p><h2><strong>Amazing Benefits of Robotic Process Automation Technology</strong></h2><p>Robotic process automation is used to fill the gap between systems and processes. RPA has various advantageous applications in virtually every industry.</p><h3><strong>1. Satisfaction of Customer</strong></h3><p>By using RPA robots for the task of forms and tabulation, we can make customer-service personnel available for attentive and better customer service. With Integration of RPS robots, we also reduce the chances of human errors. This results in an improvement in customer satisfaction.</p><p></p><h3><strong>2. Productivity</strong></h3><p>Comparatively, RPA robots are programmed to complete a particular task five times faster than human beings. They can even work 24/7 without the need of any break, and they don’t eat food. In addition to obvious productivity increase related to those tasks, other employees can be freed for unstructured problem-solving. These things increase employee satisfaction and efficiency which will further boost productivity.</p><p></p><h3><strong>3. Accuracy</strong></h3><p>The popular saying “To err is human” means humans make mistakes. On the other hand, RPA robots are 100 percent precise, 100 percent in compliance with policies, and 100 percent consistent. As a result, we can say that the number of errors is indirectly proportional to the number of robots deployed. This will further save the time which is used to correct mistakes done by human beings.</p><p></p><h3><strong>4. Utilization of Resources</strong></h3><p>Transferring the tedious tasks to robots gives sufficient time and energy to other employees to handle other important tasks that add the most value to the business. Once we turn a portfolio of tasks to a robotic workforce, we are more able to respond to a hike in demand or a lull. That eases employee headaches and good for an organization as a whole.</p><p></p><h2><strong>Future Opportunities for RPA</strong></h2><p>RPA technology can significantly reduce the efforts of human beings and thereby reduce the errors related to humans.</p><p>What will happen when an HR manager has to copy and paste a huge amount of data into HR systems? Robots can easily do such data handling tasks. RPA technology can be an antidote for boredom. This technology can significantly improve the employee experience by freeing them up for high-end tasks.</p><p></p><p>With the perfect blend of various automation capabilities, the dream of achieving a complete digital transformation seems doable in the near future. Desktop automation covers a person for all the processes that require human activities can be used to not only automate but also to maximize the way in which processes are carried out by human beings. Any process can be automatable with cognitive technologies, no matter how unstructured it may be.</p><p>As corporate sectors are looking for digital transformation in terms of service operation and make them less manual, they must integrate solutions like RPA technology.</p><p></p><p>The latest courses on Robotic process automatic (RPA) technology are offered by <strong>Skillxs Academy</strong>. These courses cover learning objectives and different modules that will help you master the RPA technology in depth.</p><p>If you’re one of the aspirants of RPA, then your career prospects are bright as future will see exploding growth in machine learning technologies like Robotic process automation. The link for Skillxs Academy is provided below for easy navigation.</p><p></p><p><strong>Join the Course:</strong> <a href="https://www.skillxs.com/course/19/rpa-robotic-process-automation">https://www.skillxs.com/course/19/rpa-robotic-process-automation</a></p><p></p><p>Based on an exclusive Global report on Robotic Process Automation Market, published by KBV Research, the Global Robotic Process Automation Market size is anticipated to come to $7.2 billion by 2025 and rising at a market growth of 32.6% CAGR during the forecast period.</p><p></p><p>If you inculcate and master the skills in depth, then you can expect the initial salary between 50 thousand to 1 lakh. Based on the data of various leading job portals such as Naukri, Monster jobs and Indeed, RPA developer of entry level (0-3 yrs Exp.) can easily anticipate annual salary of 4-10 lakhs. However, there is a massive hike in salary as you gain more hands-on experience.</p><p></p><p>For next few years, big tech and other giants will adopt RPA due to its immense benefits. Every big company will hire persons who have expertise in RPA and pay them huge annual package. Hence, career in RPA is a bright career opportunity with optimistic future outlooks.</p><p></p><h2><strong>Summing up</strong></h2><p>The business models using the robotic process automation (RPA) can be a very effective solution for repetitious tasks for organizations facing various transitions, even system changes because RPA is not a disruptive technology in terms of application in an enterprise.</p><p></p><p>As a latent trend, RPA is used by many companies that reap benefits which are already mentioned above. According to the studies, interest in RPA technology will grow by many folds in the coming 5 years.</p><p></p><p>For long term development, RPA needs to work in combination with artificial intelligence (including machine learning techniques) and data learning to come up with more refined process models. The extensive research in the field of RPA expects much expansion in advancement of the field in the times to come. For example, the tasks that generally involved data entry can be handled with automation techniques and tools. Moreover, there is a huge potential of RPA in implementations in various sectors such as banking, analytics, legal sector, production sectors, aviation, oil, and gas, etc.</p></div>Why is Digital Video Advertising An Impactful Trend of The Presenthttps://globalriskcommunity.com/profiles/blogs/why-is-digital-video-advertising-an-impactful-trend-of-the2020-07-24T07:39:23.000Z2020-07-24T07:39:23.000ZKBV Researchhttps://globalriskcommunity.com/members/KBVResearch<div><p>Digital video advertising is one of the most common ways of targeting online viewers. Experts believe that video advertising could influence the next decade, which means that it is now an excellent opportunity for marketing experts to know more about it and consider ways to boost their scope and overall campaign effectiveness.</p><p></p><p><a href="{{#staticFileLink}}8028328266,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028328266,original{{/staticFileLink}}" class="align-center" alt="8028328266?profile=original" /></a></p><p></p><p>The world of digital video is not static. Experienced marketers realize that they need to remain on top of technological innovations and consider what consumers want and need. These days, <a href="https://www.kbvresearch.com/digital-video-advertising-market/">video advertisements</a> are almost a fact of life. No matter where the device is located, video ads follow consumers across all platforms. Digital video advertising is intricately associated with the rise and growth of the web.</p><p></p><h2><strong>What is digital video advertising?</strong></h2><p>Digital video advertising is promotional content that shows content before, after, or after streaming. Some marketing professionals often expand the definition of video advertising to include display ads with video material, such as those that start running when a person puts a mouse cursor over them and native video ads displayed on digital ad networks. Digital video ad formats are associated with creativity and customer engagement across their journey.</p><p></p><p>It is no wonder, though, that 73 percent of advertisers and 89 percent of marketers are striving to raise brand awareness through digital video advertising campaigns. Digital advertising video is a major focus of the industry as video content is becoming a growing interest for consumers across all platforms. Traditional media is also losing ground to digital video. Digital video ads can help move potential customers through multiple enclosure stages faster than almost any other type of touchpoint.</p><p></p><h2><strong>Why is digital video advertising witnessing a growing prominence?</strong></h2><p>Marketers may benefit from a wide range of benefits associated with video advertising. Video content catches the attention of users, and as people turn in, brand recognition is on the rise. YouTube recently announced opportunities for marketers to display their "edgy" creator content video ads. There are many other ways that marketers can make compelling video ads that capture the interest of viewers.</p><p></p><p>In a short time, videos also convey a lot of information. These perks make video advertising the ideal way to tell a story. Marketers can tailor the video for mobile devices. As a starting point, the marketing department will ensure that the video is performed seamlessly on mobile devices and appears fantastic on small screens.</p><p></p><p>Consumers are likely to spend two minutes viewing a video of a product they are planning to buy. The same idea is effective for services. Watching the business in action will make customers imagine the company delivering the service to them, making them more willing to buy into what you're doing. Since it incorporates audio and visual elements that appeal to multiple senses, video ads perform as well as educational tools. They are especially useful when used for product demonstrations or as How-To guides, as audiences may see how these things work or learn new skills.</p><p></p><h2><strong>Emerging trends of digital video advertising:</strong></h2><h3><strong>Shorter video ads</strong></h3><p>The abundance of video content nowadays generates an enormous amount of rivalry for marketers. Customers with the ability to see almost anything can only see an ad if it is relevant, grateful, and valuable. As a result, the amount of time people spend viewing advertisements has reduced in nearly any form.</p><p></p><p>Similar trends are pushing marketers to study brief video advertisements that are designed to hit the skip button and satisfy a limited attention period. Quick bumper advertisements pose a creative challenge to advertisers who need to say a brand story in fewer than 15 seconds. The format calls for effective content that will contribute to an overwhelming emotional reaction from the audience. Creative video editing is also essential, and easy-to-use plugins render editing simpler than ever before.</p><p></p><h3><strong>Mobile users tune in longer</strong></h3><p>Mobile consumers are more inclined to view long-form video advertisements than those lasting just six seconds. After six seconds of monitoring, 72% of consumers tend to communicate. Plus, they're more committed to the video than they are to the desktop. However, even among mobile users, attention is falling sharply after 22 seconds. This finding suggests that advertisers creating mobile video advertising will be conscious of length based on the type of traffic they want to attract.</p><p></p><p>Smartphones are now a common accessory among people. Mobile devices accounted for more than 52% of all online traffic worldwide in 2018, and all video marketing figures show continued growth. Marketers are well informed that customers already rely on their phones for news, shopping, and a significant portion of their entertainment. As a consequence, forward-thinking brands have worked to render their websites, advertisements, and even mobile services more user-friendly. Creating this intuitive user interface is crucial at a time when almost half of all electronic transactions are done on smartphones.</p><p></p><h3><strong>OTT advertising</strong></h3><p>Over the top (OTT) is a term used to describe content distributors that distribute streaming media over the Internet. These technologies disrupt traditional broadcast television and have prompted the new generation of viewers to "cut the cord" of satellite and cable services. There are three video-on-demand platforms leading the OTT industry. These involve VOD, Transactional VOD, and Ad-supported VOD.</p><p></p><p>Marketing across these channels provides comparable advantages to those obtained from traditional internet ads. Unlike traditional commercials, OTT helps advertisers to use targeting, ad insertion, and advanced analytics to create shorter, more targeted advertisements. This enables brands to run full-screen ads tailored to the viewing habits of the entire household. Viewers watching these ads on an OTT streaming device can't skip or install an ad blocker. As a consequence, OTT advertisement prices for content completion are slightly higher than in-browser display advertisements.</p><p></p><h3><strong>The bottom line</strong></h3><p>The digital video advertising market is a frequently underutilized yet growing industry for effective customer engagement that provides value to other media. Video ads are the ideal eye-catching combination of visuals and narrative — perfect for introducing your brand, showing off individual products, or driving sales.</p><p></p><p><strong>Free Valuable Insights:</strong> <a href="https://www.kbvresearch.com/news/digital-video-advertising-market/">Global Digital Video Advertising Market to reach a market size of USD 185.6 billion by 2026</a></p><p></p><p>The demand for engaging video content is higher than ever, and viewers are changing their viewing habits to different screens and devices. This creates an opportunity for publishers and marketers to incorporate digital video advertising solutions to their current smartphone and web campaigns as a way to improve customer interaction.</p></div>Digital Education Is Taking The Concept Of Online Education To New Horizonshttps://globalriskcommunity.com/profiles/blogs/digital-education-is-taking-the-concept-of-online-education-to2020-07-23T06:46:26.000Z2020-07-23T06:46:26.000ZKBV Researchhttps://globalriskcommunity.com/members/KBVResearch<div><p>When things like ticket booking, watching TV shows, ordering food are being digital, education is still lagging in terms of digital education. The number of Internet users is growing increasingly with an increase in the number of smartphones. It provided a good chance to provide education online.</p><p></p><p><a href="{{#staticFileLink}}8028334060,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028334060,original{{/staticFileLink}}" class="align-center" alt="8028334060?profile=original" /></a></p><p></p><p>Online education is slowly and steadily becoming popular with the interest of working professionals to learn new things, technology. <a href="https://www.kbvresearch.com/digital-education-market/">Digital education</a> is an academic practice that ultimately helps students. This makes use of a wide variety of technology-enhanced education strategies. This includes blended learning, flipped learning, personalized learning, and other approaches that rely on digital tools to a minor or large degree.</p><p></p><h2><strong>What is digital education?</strong></h2><p>Digital education is a creative use of interactive tools and technologies during teaching and learning and is also referred to as technology-enhanced learning (TEL) or e-learning. Exploring the use of new technology offers educators the opportunity to develop engaging learning opportunities in the courses they teach, which may take the form of blended or fully online courses and programs.</p><p></p><p>Digital education encourages learners to access value-added education in remote areas, giving everyone equal opportunities for education. Students living in Tier 2 and Tier 3 cities no longer need to move to urban cities for higher or specialized education, as digital learning has affected their homes and transformed their homes into teaching space. Cutting-edge know-how is enlightening scholars sitting in the comfort of their homes, while they only need an internet connection to make the most of the amenities. Anyone can easily acquire online, regardless of their physical and demographic changes.</p><p></p><h2><strong>Digital education vs. traditional education</strong></h2><p>Digital education is increasingly replacing traditional education methods on a daily basis. Given how quickly classrooms are evolving, it's best to forget the approaches you may recall when you were in school and start thinking about newer teaching and learning techniques focused on digital education tools and technologies. The use of digital learning in classrooms can range from the basic use of tablets instead of paper to the use of sophisticated software programs and equipment rather than a simple pen. Here's how digital learning is a step up from traditional education methods.</p><p></p><h2><strong>Digital education is making students self-motivated and more accountable</strong></h2><p>Students using digital education tools and technology are more engaged in the process and more interested in expanding their knowledge base; they may not even understand that they are actively learning while they learn by engaging methods such as peer education, teamwork, problem-solving, reverse coaching, idea maps, gaming, staging, role-playing, and storytelling.</p><p></p><p></p><p>Since digital learning is far more interactive and memorable than bulky textbooks or one-sided lectures, it provides a better context, a greater sense of understanding, and more engaging activities than traditional education methods. It makes it easier for students to connect with learning materials. Furthermore, they also offer a more interesting and engaging way to digest information. This is reflected in their retention and test scores. Also, as students can track their progress, motivation and accountability can be improved.</p><p></p><h2><strong>Digital education tools and technology is rapidly increasing information sharing</strong></h2><p>Over recent years, the switch from print to digital has had an impact on how we learn. Much like the printing press did six centuries ago; this transition is changing formal education and growing learning opportunities. Digital learning not only allows students to access more and more content, but it also ensures that the knowledge in question is customized to their personal needs. The most valuable benefit of digital learning is the ability to help each student learn at the best possible pace and path.</p><p></p><p>Digital learning tools and technologies enable educators to share information quickly with other educators in real-time. The explosion of free and open content and tools has created an ecosystem for exchanging the economy. By accepting digital technology and interactive learning, classrooms around the country and across the globe can not only communicate with one another and share insights, but can also improve study, experience, and communication skills. Practice also allows educators to enjoy a level playing field. Schools will save money by providing equal access to educational materials to expensive private schools.</p><p></p><h2><strong>Traditional education methods have to be replaced</strong></h2><p>Traditional lectures can still exist along with new-age learning tools and technology, but instructional materials will be provided as a supplement to classroom practices and moved online for students to refer beyond the classroom. Classroom time is often used to discuss the curriculum, engage in team activities, and complete class projects. Students also have the opportunity to pace their learning and even study using a remote learning platform if they want to do so.</p><p></p><p>By helping children think beyond their typical learning patterns, digital learning inspires creativity and makes children feel a sense of accomplishment that encourages further education. Digital learning tools and technology fill gaps where traditional classroom teaching is stagnating behind. In addition, some of the efficiencies that such tools bring are simply unparalleled by traditional learning techniques. Digital education is an innovative means to minimize costs, optimize capital, and improve both visibility and influence for students and educators alike.</p><p></p><h2><strong>Advantages of digital education</strong></h2><p>Traditional classroom-based education is becoming obsolete. Consider examples of online or on-demand streaming services such as Netflix, Amazon Prime, etc. It provides us with a personalized and on-demand television experience. It eliminates location, system, and timing constraints. Television programs, athletic events are broadcast in a personalized way. Similarly, the delivery of education or the learning process must be personalized.</p><p></p><p>The traditional classroom-based lecture process may not benefit each person. Every individual has some strengths and weaknesses, and the speed of understanding a particular topic is different for everybody. It also depends on particular students who are involved in a particular topic or subject. Personalized learning using technology is one of the patterns that will dominate over the coming year.</p><p></p><p>Digital education facilitates continuous feedback from content-integrated evaluation, neuro-games, simulations, and interactive learning. When students can track their progress, motivation and ownership can be enhanced. Cloud platforms make it easy for teachers to communicate and manage their students regardless of where they are located.</p><p></p><h2><strong>Barriers to digital education</strong></h2><p>Digital education at the moment is not fully controlled by the government. Most of the time, students or practitioners are looking to complete a course from a certified/Govt-approved educational institution. It can help them get a job after finishing the course. Online course providers offer courses that are autonomous, private. These cases certainly help individuals, but their acceptability or scale to the mass market is limited due to a non-regulated area.</p><p></p><p>Inequality is rife in our society in all its variations. Moreover, given the costs of modern technology, not every student could afford it. That is why, if the overall digital transition of the education sector is to succeed, classes need to provide students with all the requisite tools and materials in a universal manner. Conversely, teachers do not have to extend to the individual student level, but rather can limit it to the front-of-the-classroom tools.</p><p></p><h2><strong>To sum up</strong></h2><p>The digital education market is rapidly transforming the methods of education altogether. Education is however lagging in terms of technology adoption. Education is something that will bring a positive difference to the world. Education technology will continue to remove the current barriers to providing quality education around the globe.</p><p></p><p><strong>Free Valuable Insights:</strong> <a href="https://www.kbvresearch.com/news/digital-education-market/">Global Digital Education Market to reach a market size of USD 48.4 billion by 2026</a></p><p></p><p>Adaptability to vocational education, executive management courses is on the higher side, as many working professionals choose courses that they can easily learn; sign up for in-office or at home. Higher education is now gradually entering the digital age. Online certifications, value-added certifications are becoming increasingly popular with college students. Most of these courses are intended to improve the employability of students.</p></div>Data Center Infrastructure Management Trends And the Next Generation Of Its Technologyhttps://globalriskcommunity.com/profiles/blogs/data-center-infrastructure-management-trends-and-the-next2020-06-12T20:34:36.000Z2020-06-12T20:34:36.000ZKBV Researchhttps://globalriskcommunity.com/members/KBVResearch<div><p>Data center infrastructure management (DCIM) started as an element of building information modeling (BIM) software, which is used by facilities managers to create digital schematic diagrams. DCIM tools bring the same functionality to data centers, allowing managers to collate, store, and analyze power and cooling related data in real-time. Most tools allow diagrams to be printed — a useful feature when a repair is required, or when new hardware has to be installed by data center administrators.</p><p></p><p><a href="{{#staticFileLink}}8028325656,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028325656,original{{/staticFileLink}}" class="align-center" alt="8028325656?profile=original" /></a></p><p></p><h2><strong>Role of data center infrastructure management in the management of data centers</strong></h2><p>Ad-hoc data center management tools may work for a specific point task, but often such software may not work together adequately to address popular and often complex issues, such as finding out where new servers can be carried out, finding stranded power capacity, or something as basic as getting a better understanding of what assets organizations have stored in a data center.</p><p></p><p><a href="https://www.kbvresearch.com/data-center-infrastructure-management-market/">Data center infrastructure management</a> software provides data center operations administrators with the ability to identify, locate, visualize and manage the properties in physical data center assets, rapidly supply new equipment and effectively plan future growth capacity. Additionally, DCIM tools can help manage energy prices, improve the design of data centers, and increase operational efficiency. Implementing a data center network infrastructure offers major organizational and cost-saving opportunities to data center operations administrators and their companies today and into the future.</p><p></p><h2><strong>Top 3 trends of the data center landscape</strong></h2><h3><strong>Private clouds make up the bulk of corporate cloud services</strong></h3><p>Many companies move to the cloud but they don't want to give up control yet. Companies are using data centers to deploy private cloud services at a growing pace, with more than 28 percent of cloud spending centered on the private cloud.</p><p></p><p>Products such as Azure Stack are used to deliver cloud infrastructure to business users, without removing their data from the corporate-controlled environment. Where necessary, public cloud infrastructures are used but end users don't and shouldn't care where their services come from. Data centers tend to house resources that are too essential to bring into the hands of another.</p><p></p><h3><strong>Colocation continues to thrive</strong></h3><p>Companies locate resources where they are most needed but have no incentive to create their centralized facilities. Investing in colocation means that they can place the task of running a data center in the hands of companies specializing in this. This strategy puts IT back its original business focus: providing the enterprise with a service.</p><p></p><p>The IT team will reconsider the business needs from its data center, from a few racks in a colocation facility to stand-alone micro data centers to the very trite "data center in a box" concept. And the Line-of-Business (LOB) would be the guiding force behind the success of the future datacenter.</p><p></p><h3><strong>Management takes center stage</strong></h3><p>Although the conventional data center network operations center remains essential, the overall management system is changing to allow end-to-end views of data center operations as well as cloud-based infrastructure in both public and private clouds.</p><p></p><p>Data center operators must be able to integrate operations into that view so that LOB IT can get an accurate view of how applications are running, regardless of location, and ensure service delivery is on track, regardless of provider. It goes beyond going into tools for running the data center network and looking into business operations management. For both legacy and modern architectures, the software-defined data center (SDDC) is the basic architecture for data center operations.</p><p></p><h2><strong>Why is it important to manage data center infrastructure?</strong></h2><h3><strong>Greater visibility into the physical infrastructure</strong></h3><p>The data center infrastructure management software integrates all IT infrastructure monitoring into a single system. Administrators know at a glance how to configure their data center environment, what resources are assigned to which physical or virtual services, and how the resources are being used. It is much more effective than having to work it out manually and to record it on spreadsheets.</p><p></p><h3><strong>Improved uptime</strong></h3><p>The data center infrastructure management platform continually tracks the network of critical facilities. It polls equipment, reports data, and tracks trends and threshold breaches. This facilitates the identification of vulnerabilities which may lead to machine failure. Data center operators can proactively troubleshoot with built-in alerts — and cope with possible environmental, network, and power-related device problems before they become issues.</p><p></p><h3><strong>Reduced risk</strong></h3><p>Data center infrastructure management solutions and services help enterprises to simplify routine manual activities such as data replication and storage reclamation — and reduce human error capacity, which accounts for up to 80 percent of all data center outages. With less day-to-day logistical duties to perform, IT managers have more resources to devote to business decisions at a higher level.</p><p></p><h2><strong>Next-generation of data center infrastructure management</strong></h2><p>The purpose of the next generation DCIM is to address these problems. It executes the same basic functions as conventional DCIM, but instead of on-premises, it is hosted in the cloud which unlocks significant new functionality. Since it is offered in a Software-as-a-Service (SaaS) platform, it is much easier to implement next-generation DCIM than its premises-based counterpart — customers can get up and running in a single day.</p><p></p><p>Software, firmware, and security patches are provided automatically, and a cloud-based storage server allows for disaster recovery. Next-generation data center infrastructure management also uses tools such as artificial intelligence (AI), machine learning (ML). By comparing the real-time performance of the network of a specific customer to the projected baseline, it will detect where a particular feature is straying from the baseline and needs preventive maintenance.</p><p></p><p>This helps to cut down on downtime and maintenance costs. Instead of performing maintenance on a scheduled basis, whether it is needed or not, maintenance only takes place when it is required. Next-generation data center infrastructure management is also a good fit for edge data centers which probably have few or no on-site IT staff. At edge sites, no software is needed, so they can be remotely controlled — from any computer that supports a web browser.</p><p></p><h2><strong>The bottom line</strong></h2><p>The data center infrastructure management market has come on leaps and bounds. Many early providers with solutions that are incomplete and difficult to use are no longer commercially viable options. Customers who deployed and experienced first-generation solutions are now much smarter to vote out those failed vendors.</p><p></p><p><strong>Free Valuable Insights:</strong> <a href="https://www.kbvresearch.com/news/data-center-infrastructure-management-market/">Global Data Center Infrastructure Management (DCIM) Market to reach a market size of USD 4.4 billion by 2026</a></p><p></p><p>With the advent of second-generation DCIM, the class of new, elegant software that evolved from the legacy products, users now record-high levels of satisfaction and high return on investment. Second-generation DCIM integrates improved monitoring and operating features versions with better functionality and improved usability for modern data center environments.</p></div>Pest Control Technology, Innovations and Trendshttps://globalriskcommunity.com/profiles/blogs/pest-control-technology-innovations-and-trends2019-10-28T11:26:12.000Z2019-10-28T11:26:12.000ZKBV Researchhttps://globalriskcommunity.com/members/KBVResearch<div><p>Pest control is the first line of defense against bugs and rodents invading home or business, destroying property. These bugs and rodents cost hundreds or even thousands of dollars’ worth of damage. It is not easy to detect certain insects, including cockroaches and termites. These may remain hidden under floorboards and walls for long periods, eating a property's structure and leading to expensive bills for extermination and repair. Since there is no specific way to detect whether a pest carries a disease until it is too late, pest control can be sought as the best way to protect the environment.</p><p></p><p><a href="{{#staticFileLink}}8028305265,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028305265,original{{/staticFileLink}}" class="align-center" alt="8028305265?profile=original" /></a></p><h2>What do we know about pest control?</h2><ol><li><strong>What is pest control?</strong></li></ol><p><strong><a href="https://www.kbvresearch.com/pest-control-market/">Pest control</a></strong> inhibits and controls the pest species. Pests adversely affect human activities. The human reaction is based on the meaning of the harm done, ranging from tolerance through deterrence and management to efforts to prevent the pest. Measures can be implemented as part of an integrated pest control plan.</p><ol start="2"><li><strong>Why has pest control become an inevitable industry?</strong></li></ol><p>The importance of controlling pests has resulted in a multitude of insecticides being produced to prevent losses in the spread of agriculture and disease. Toxicological studies based on acute and chronic exposure effects have shown that several classical insecticides are highly toxic to non-target species of insects, mammals, and humans. Furthermore, some organophosphorus insecticides were shown to cause long term effects on extensive exposure. The growing popularity of pest control technologies can be attributed to the growing urban development range and the advent of mega-cities with more than 15-20 million residents. The dense population and large middle-class population of these areas embrace pest control services.</p><ol start="3"><li><strong>How do pests harm people?</strong></li></ol><p>People in both urban and rural areas make excessive use of pesticides and weedicides in their everyday lives in general, especially in food and agricultural products. Also, small and marginal farmers, fruit and vegetable growers, and most urban homeowners want to be free from weeds and pests including mosquitoes, cockroaches, and rodents.</p><p>In one form or the other, all kinds of agricultural products and food items enter the human body. Even pesticides and weedicides that are used by agricultural and animal products to protect crop residues, grasses and plants enter the human body.</p><p>The use of pesticides has contributed to detrimental effects on humans, animals, and biodiversity. Because of too much use of pesticides, numerous species of birds, aquatic organisms, and animals have already been extinct. Human beings also suffer from adverse effects that weaken their immune system and, consequently, lead to different diseases.</p><h2>Innovation towards harmless pest control</h2><p>Electronics have affected nearly every aspect of life from health, entertainment, and safety to the sport, education, defense, and so on. Electronic pest control is a preferred technology to control and prevent the negative effects of toxic pesticides on humans, animals, and biodiversity.</p><p>An electronic pest control machine doesn't use messy traps, chemicals, poisons or other hazardous substances. Electronic pest control may not kill, but only pests repel mosquitoes and rodents. An electronic repellent for pests is, therefore, environmentally friendly and human-friendly technology for pest control.</p><p>In addition, advanced electronic pest and mosquito systems are well equipped with new technology for air purifying. These are based on the use, or all in one, of electromagnetic, ionic, or ultrasonic technology. There are many user-friendly features and capabilities of electronic pest control systems based on these concepts.</p><h2>Trends that drive the industry</h2><ul><li><strong>Bundled packages are becoming the norm</strong></li></ul><p>While the idea of bundling products is far from fresh, it can boost revenue and help eliminate seasonality by providing tiered packages to clients. Bundled services offer undeniable quality to consumers as they no longer have to pay for products a la carte and prevent repeated visits. On the other hand, in a single visit, technicians perform multiple services. This removes the need for fuel and wages to be spent on separate trips to the same client. It also allows customers to choose which products best suit their needs and budget by providing multiple tiered bundles.</p><ul><li><strong>Strict hygiene and food safety regulations</strong></li></ul><p>Foodservice enterprises tend to have a low margin and depend on varying quality ingredients at the best deals. However, increasingly stringent regulations on food safety mean buyers have to choose reputable suppliers to ensure food safety and quality. The National Pest Management Association (NPMA) in America suggests that business owners should partner with qualified pest control companies to develop an integrated pest management system. The major vendors in this industry help businesses safely meet legislative and audit requirements.</p><ul><li><strong>Significant opportunities</strong></li></ul><p>In recent times, the pest control industry has experienced a makeover. Small and mid-sized operations were acquired by the giants that plan to extend their local reach. The acquisitions of four PCT Top 100 firms and other acquisitions have been prominent throughout May 2018. This puts smaller operations in a position to reconsider their business strategy with national and international companies buying up PCOs across the United States.</p><p></p><p><strong>Click Here For Free Insights:</strong> <a href="https://www.kbvresearch.com/news/pest-control-market/">https://www.kbvresearch.com/news/pest-control-market/</a></p><p></p><p>PCOs can essentially choose to compete at a local level with industry leaders or take the time to prepare for an acquisition or merger of their business. This may be a difficult situation for long-term owners to face, but the market is booming and it may be the right time to capitalize on it. With more than 30 high-profile deals taking place in 2018, the restructuring of the sector is unlikely to slow down in the coming years.</p><p><strong>To Conclude</strong></p><p>The pest control market is progressing as new technologies pop up and consumer expectations shift. Macro patterns are being widely discussed and acknowledged as part of the overall picture of the future. These are set to have an impact on how to control crop pests and diseases. The future of pest control over 10 to 15 years could be set to change very drastically. Many of the developments expected are already beginning to emerge and the technologies are rapidly evolving. The global pest control market is expected to rise at a growth rate of 5.3% CAGR over the coming years.</p></div>How Has Electric Vehicle Become The Future Of Automobiles?https://globalriskcommunity.com/profiles/blogs/how-has-electric-vehicle-become-the-future-of-automobiles2019-09-16T10:25:51.000Z2019-09-16T10:25:51.000ZKBV Researchhttps://globalriskcommunity.com/members/KBVResearch<div><p>Electric vehicles will be excluded from the market dominance of combustion engines in the following decade or so. With falling prices and improving efficiency, they will become economically feasible for customers. Twenty years ago, people dreamed of quickly evolving new and interesting technologies. Artificial intelligence that surpasses the computer and even the computer capabilities of our brain, or something like an entirely clean, effective, energy-intensive vehicle. The development of a generalized AI may still be a prospect, but the clean cars are now here.</p><p></p><p><a href="{{#staticFileLink}}8028304865,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028304865,original{{/staticFileLink}}" class="align-center" alt="8028304865?profile=original" /></a></p><h2>What is an electric vehicle?</h2><p>An <a href="https://www.kbvresearch.com/electric-vehicle-market/">Electric Vehicle</a> also known as an EV utilizes one or more electric engines or propulsion engines. Electric vehicles can be powered by electricity from off-road sources via a collector scheme or contain a battery, solar panels or an electric generator to transform fuel into electricity. EVs include road, rail, surface, and underwater vessels, electric airplanes as well as electric spacecraft, but are not limited to them.</p><p>EVs were first introduced in the mid-19th century, when electricity was one of the most important motor vehicle propulsion methods, creating a level of comfort and ease of operation that the gasoline cars of that time could not achieve. The dominant method of propulsion for motor vehicles has always been modern internal combustion engines, but electric power remains common in other kinds of cars, including trains and larger vehicles of all kinds.</p><h2>Why the hype?</h2><ul><li><strong>Healthier air</strong></li></ul><p>The first and foremost reason for inclining towards electric vehicles is associated with the state of air we breathe. Because electric cars have no tailpipe emissions, this is currently one of the most environmentally friendly means of transportation. Only significantly less polluted air is seen when there are enough electric cars along the road. At some point in our life, we all have learned about the ozone layer and how the world around us is affected. This small move will decrease global emissions of greenhouse gases and reduce our carbon footprint. We certainly can slow down the onset if we can't prevent global warming and the electric vehicles are nothing but a nice beginning for a better future.</p><ul><li><strong>More economical</strong></li></ul><p>Electric cars maybe a little more expensive than fuel cars, but the price of these vehicles per km is less than 1/3rd. Moreover, electric vehicles could be far cheaper to travel with the rising price of petrol. The difference in the price of fuel vehicles and electric vehicles is rising. An electric vehicle costs are considerably less than a fuel-powered vehicle in almost all respects. Electric vehicles provide numerous benefits: it is not necessary to buy fuel, no oil modification, no smog tests and less moving parts for hemorrhage and wear. Many electric car owners have no repair or service charges for many years.</p><ul><li><strong>Reduced waiting time at the petrol pump</strong></li></ul><p>Without fuel or oil to change, you just plug in at home, at work or on the road to refuel. Electric cars can connect the same as your television to your home power supply, i.e., 13amp. Trials showed that 85 percent of EV users plug into the home or work overnight. It can even be charged on the go with a quick charger. Charging in motion is just as easy with new charging stations for electric cars. The power into your batteries is increasingly generated from renewable sources as a bonus for charging.</p><p></p><p><strong>Click Here For Free Insights:</strong> <a href="https://www.kbvresearch.com/news/electric-vehicle-market/">https://www.kbvresearch.com/news/electric-vehicle-market/</a></p><h2>3 Electric Vehicle trends shining bright in the automobiles sector</h2><ol><li><strong>Automakers</strong></li></ol><p>Automotive companies invest heavily in electric vehicles as they recognize the electric vehicles are disrupting the industry. Significant inner changes will be made as teams struggle to achieve their share of budgets in R&D and current heavyweights will refuse to leave the electric divisions gracefully. Many new partnerships will be established in the supply chain. New technologies will be focused on as the car turns into a real wheel computer.</p><ol start="2"><li><strong>End users</strong></li></ol><p>Electric vehicles will witness a turning point from incentives and subsidies. The rapidly increasing network of charging stations and supercharging systems will make it simpler for the end-user to adopt electric vehicles. Higher driving skills with packaged innovative features will make it hard for clients to withstand the experience of owning an electric car. Once you're driving an electric vehicle, it's hard to go back.</p><ol start="3"><li><strong>Government regulations</strong></li></ol><p>The Electric Vehicles Initiative (EVI), with the adoption of electric vehicles reducing the carbon footprint, will be a concern for governments. In order to encourage and make electric vehicles accessible, governments play a main role in solving subsidy-related problems. Governments must consider offering unique privileges, such as removing expressway tolls and prioritizing parking spaces, to promote the adoption of electric vehicles.</p><h2>The future of electric vehicles</h2><p>The electric vehicles market is booming and shows great potential as a replacement to the mainstream vehicles. An additional 8GW of energy production has been projected to meet the potentially increasing demand for electricity. Significant investments in upgrades will be required, including but not restricted to innovative power load balancing. However, that's not all. To achieve the mass replacement of combustion engines for low-emission solutions, an elevated percentage of renewables and other non‐carbon fuel options will be used for electricity generation. Every householder of electric vehicles has an electrical generation and storage unit. Ideally, these storage devices have sufficient charge for a few days to power the average home. The <strong>global electric vehicles market</strong> is expected to skyrocket at a growth rate of 24.7% CAGR in the near future.</p></div>Why Risk Culture Building should be the most important item on the Board Agendahttps://globalriskcommunity.com/profiles/blogs/why-risk-culture-building-should-be-the-most-important-item-on2016-11-10T11:38:10.000Z2016-11-10T11:38:10.000ZRisk Culture Builderhttps://globalriskcommunity.com/members/RiskCultureBuilder<div><div class="entrytext"><div class="text pmarg0pad0"><p>The Boards of Directors of banks continue to face increasing accountability for ensuring their banks are effectively managing risk. Yet, despite improvements in risk identification, reporting, and strategic risk management initiatives, regulators still question whether banks are truly engaging in the right ways on the top risks that could bring down an individual bank or have a broader systemic impact.</p><p></p><p>Banks and banking rely on trust; and while it takes years to establish that with the public, it can be lost in a moment through failures caused by break-downs in ethics, values, and bad behaviors. Banks and banking today stand in disrepute. Poor cultural fundamentals and significant people risk failures were major drivers of the financial crisis, and continue to be factors in the scandals since then, aggravated by staff with questionable conduct and values.</p><p></p><p>Huge fines imposed by regulators make spectacular newspaper headlines, but we have recently seen that this will not always be the case as the Monetary Authority of Singapore (MAS) closed down a bank for <strong>"serious breaches of anti-money laundering requirements, poor management oversight of the bank's operations, and gross misconduct by some of the bank's staff"</strong> (1) MAS also referred the names of some senior management and staff to the Public Prosecutor to evaluate whether they have committed criminal offences.</p><p></p><p><strong>“Pursue a straightforward, upright, legitimate banking business. Never be tempted by the prospect of large returns to do anything but what may be properly done under the National Currency Act. ‘Splendid financiering’ is not legitimate banking, and ‘splendid financiers’ in banking are generally rascals or humbugs” (2) </strong><em>– Letter of guidance to bankers from the U.S. Comptroller of the Currency, December 1863</em></p><p><em> </em></p><p>The Banking Industry continues to feel the pressure. Increased regulatory attention, a sharper focus of shareholder value and better customer service expectations. Add to this, an ever more competitive and closely scrutinized market place where those who are not good at risk management are being exploited by those who are better in a race for much needed transformational change and often a rush for profits.</p><p></p><p>Cyber Security has never been higher on the executive agenda; and the appetite for Information Technology Risk is decreasing rapidly; in this day and age systems should reduce risk, not increase the exposure to it. Putting IT risks into the context of business risks has historically not been strength in banks and it is time to harness all available information to build growing capabilities through proactive training, awareness and forward-looking risk assessments.</p><p></p><p>Recent high profile and large financial losses due to excessive risk taking and material failures have centered on traditional IT risks such as business continuity, data loss, change management, third party suppliers and lack of adequate fraud detection mechanisms. Despite the hype around the risks of social media and bring your own device (BYOD), focus is still on detection rather than prevention and efforts to be more effective often completely ignores the human factors. Roque employees, inadequate risk skills on the front-line and other insider threats are mostly overlooked in Cyber Security programs.</p><p></p><p>Cyber criminals are moving on from just trying to make a point through disruption to gain visibility or make propaganda, the new reality is carefully orchestrated attacks for financial benefit and maximum damage, often stopping short of destroying banks completely. Long gone are the days when a network boundary firewall and a “live” anti-virus program could be seen as sufficient security.</p><p>These attackers continue to advance and use sophisticated techniques to infiltrate banks and other organisations and they have also become more targeted in their approach. We see a move away from “smash & grab-style” attacks to well-planned and perfectly executed “dig-in & wait, battlefield-style” attacks. Cyber criminals spend significant time and resources performing reconnaissance activities to learn about financial institutions and develop malware to specifically bypass traditional security technologies and exploit internal system vulnerabilities.</p><p></p><p>Most banks have a false sense of security provided by fire-walls and other preventative, signature-based tools to try to keep threats out. Without the ability to rapidly detect compromises, quickly confirm infections and take immediate action; banks are constantly behind the attackers and the risk of loss of data increases significantly.</p><p></p><p>The Human Factor is the weakest link in cyber security and as banks continue to push through their own cultural change programs aimed at instilling better behaviours, something that many risk practitioners attribute to the failings that led to the financial crisis, the role of operational risk in helping to embed the right approaches within the business seems to be gaining traction.</p><p></p><p><strong>"Our people need to understand that, okay, so you can't go and do that in your personal life, right? You can't do that against family, against friends, against neighbors. You've got to still be a model citizen in cyberspace" (3) </strong><em>-Steven LaFountain, Centers of Academic Excellence in Information Assurance/Cyber Defense</em></p><p><em> </em></p><p>There will always be people risk and some bad outcomes, but it's got to be controlled and managed to within a risk appetite level that you're comfortable with; and that is consistent with the performance and reputation that the bank would like to achieve.</p><p>We know that any firm’s risk culture evolves over a long period of time. You can’t just flick a switch to make it go from one culture to another. “Carrots and sticks” also have limited success and often any of these just add to a bad situation of mistrust and frustration. Operational risk managers should avoid “one-size-fits-all “thinking and solutions and use their experience and foresight to exercise judgement as to which areas they should be focusing their attention.</p><p></p><p>All employees should learn basic operational risk management skills and the relevant operational risk competencies must be built into the bank’s competency framework. Skills gaps must be identified and structured training programs implemented to upskill staff.</p><p></p><p>Employees could also be provided with internal and external case studies as operational risk touches literally every process and system in the bank. The key is to choose a range of examples that are both relevant to the bank and to different groups of employees at different levels within the bank. Generally bankers have a good understanding of Operational Risks internal to the organisation, except maybe the people risks; but it is the external Operational Risks that can put you out of business very quickly.</p><p></p><p>Building an effective Risk Culture will support executives to deal effectively with uncertainty and associated risk and opportunity. Risk Management does not operate in isolation but rather is an enabler of the management process. Over the past decade, risk management became more about quantitative models and less about behavioral models. Unfortunately, as we discovered during the global financial crisis, even the best quantitative models cannot predict the result of misguided behavior and when external operational risks materialize, it can kill your business.</p><p><i> </i></p><p><i>References:</i></p><ol><li><em>Monetary Authority in Singapore, official press release, May 24th, 2016.</em></li><li><em>Father of safe banking creed to be honored, Horward Wood, Chicago Tribune, February 28th, 1938</em></li><li><em>Meet the NSA’s hacker recruiter, Eamon Javers, CNBC, Oct 1st, 2014</em></li></ol><p><em>Originally published by the Risk Culture Builder on Zawya.com</em></p></div></div><div class="spacer20"> </div></div>Three Key Ideas Shaping the Future of Innovationhttps://globalriskcommunity.com/profiles/blogs/three-key-ideas-shaping-the-future-of-innovation2016-09-18T16:06:26.000Z2016-09-18T16:06:26.000ZEnrique Raul Suarezhttps://globalriskcommunity.com/members/EnriqueRaulSuarez<div><p></p><p></p><p></p><p></p><p></p><p><a href="{{#staticFileLink}}8028252456,original{{/staticFileLink}}"><img width="400" src="{{#staticFileLink}}8028252456,original{{/staticFileLink}}" class="align-center" alt="8028252456?profile=original" /></a></p><p></p><p></p><h1 class="article-title" style="text-align:center;">Three Key Ideas Shaping the Future of Innovation</h1><h2 style="text-align:center;">Source:</h2><h2 style="text-align:center;">Innovation@ Work Blog, MIT</h2><h2 style="text-align:center;">Your company’s key innovators are, most likely, your consumers</h2><p></p><p>The wave of technological innovation we are currently riding has brought us wearable computing and 3D printing, with products like <a href="http://www.google.com/glass/start/what-it-does/" target="_blank">Google Glass</a> and <a href="http://www.google.com/search?client=safari&rls=en&q=nike+fuelband&ie=UTF-8&oe=UTF-8" target="_blank">Nike Fuelband</a> becoming the stars of recent tech conferences, including May's <a href="http://allthingsd.com/intromessage/" target="_blank">All Things D</a>. Continually fueled by the question<em> “what’s next?,” </em>product innovators leave no stone unturned in their quest to produce the next big thing. According to the latest research, however, it’s consumers not the product innovators who should be viewed as the new experts. A new school of innovation thinking says that product innovators who work for manufacturers have received far too much credit for product innovation, while product users have received far too little.</p><p>In an <em>MIT Sloan Management Review</em> <a href="http://executive.mit.edu/resource/documents/SMR-Eric-von_Hippel_Innovation.pdf" target="_blank">interview</a> with Eric von Hippel, founder of the Entrepreneurship Program at MIT, the MIT Sloan Professor paints a new picture of the shifting paradigm of innovation from producer to user and how it is effecting change in the global economy.</p><p>“Surprisingly often,” von Hippel argues, “ideas for new or improved products come first from users who develop improvised versions to serve their own needs. Manufacturers then may discover, polish, and capitalize on user innovations—particularly if those innovations begin to catch on with a group of users.”</p><h2><strong>Three Key Ideas Shaping the Future of Innovation</strong></h2><p><strong>The traditional view of product innovation is flawed:</strong> In the traditional view, companies are the innovators who create products that revolutionize the market, while consumers contribute little to the process of product innovation. Today, we are experiencing a profound paradigm shift where users are now recognized as the prime sources of innovation and discovery—and companies are paying attention.</p><p><strong>Users are an untapped potential source of innovation that can lead to a market revolution:</strong><a href="http://sloanreview.mit.edu/article/the-age-of-the-consumer-innovator/" target="_blank">According to von Hippel</a>, ideas for new or improved products often come first from users who develop custom versions to serve their own needs. Manufacturers then may capitalize on user innovations—particularly if those innovations begin to catch on with a larger market share. Skateboards, for example, were a homegrown product later adopted and improved by manufacturers for profit. Apple, a company that leverages the virtue of user innovation, openly embraces the user-generated mobile applications they initially rejected (and even prevented). Consumer-designed apps are now one of the biggest selling points of new smartphones. And Under Armour, a company founded on the moisture-wicking compression T-shirt that is now a $3 billion category, has launched an <a href="http://www.businessinsider.com/under-armour-has-a-super-secret-lab-with-a-scanner-that-reads-the-veins-on-your-hand-2012-7" target="_blank">innovation lab</a> in its Baltimore headquarters that invites consumers, sports teams, and outside companies to help revolutionize sportswear.</p><p><strong>Follow the lead user to stay ahead of the disruption curve: </strong>Particularly important, in von Hippel’s view, are lead users—sophisticated consumers and businesses who are the most likely to innovate to satisfy their own needs. LEGO® spent several years developing its <a href="http://mindstorms.lego.com/en-us/default.aspx" target="_blank">LEGO Mindstorms</a>® product in collaboration with MIT. A few months after the product’s release, 1,000 hackers were working on it, too. These users came from the established LEGO user communities—over 20,000 adult fans, many of whom are experienced designers. Thanks to those lead users, Mindstorms is a better product, and the next generation of LEGO Mindstorms products was designed with user-designed parts.</p><p><strong>*Don’t forget about design: </strong>According to <a href="http://executive.mit.edu/faculty/profile/58-william-aulet" target="_blank">Bill Aulet</a>, an MIT Sloan Senior Lecturer and Managing Director in the Martin Trust Center for Entrepreneurship, the <a href="http://executive.mit.edu/mysloan/video/detail/?id=1823556" target="_blank">future of innovation</a> embraces design as the key ingredient in creating strong relationships with user/ consumers.<strong> </strong>Facebook, for example, designs new interfaces around content that users create. Facebook doesn’t create content for users but gives them the tools to design their own. In effect, Facebook empowers every Facebook user to be a lead user, propelling Facebook innovation forward.</p><p><a href="http://executive.mit.edu/faculty/profile/37-eric-von-hippel" target="_blank">Eric von Hippel</a> is a founder of the Entrepreneurship Program at MIT and teaches in the MIT Sloan Executive Education programs, <a href="http://executive.mit.edu/openenrollment/program/building_leading_and_sustaining_the_innovative_organization/4" target="_blank"><em>Building, Leading, and Sustaining the Innovative Organization</em></a> and<a href="http://executive.mit.edu/openenrollment/program/driving_strategic_innovation_achieving_high_performance_throughout_the_value_chain/12" target="_blank"><em>Driving Strategic Innovation: Achieving High Performance Throughout the Value Chain</em></a>, as well as the<a href="http://executive.mit.edu/openenrollment/program/global_executive_academy/56" target="_blank"><em>Global Executive Academy</em></a>.</p><p><a href="http://executive.mit.edu/faculty/profile/58-william-aulet" target="_blank">Bill Aulet</a> is a Senior Lecturer and the Managing Director of the Martin Trust Center for MIT Entrepreneurship. He leads the <a href="http://executive.mit.edu/openenrollment/program/entrepreneurship_development_program/15" target="_blank"><em>Entrepreneurship Development Program</em></a> and the <a href="http://executive.mit.edu/openenrollment/program/mit_regional_entrepreneurship_acceleration_program/47" target="_blank"><em>MIT Regional Entrepreneurship Acceleration Program (REAP).</em></a></p><p></p><p></p></div>Robots Will Cut 25% of US Jobs in 4 years, Transform Workforcehttps://globalriskcommunity.com/profiles/blogs/robots-will-cut-25-of-us-jobs-in-4-years-transform-workforce2015-08-30T17:00:00.000Z2015-08-30T17:00:00.000ZEnrique Raul Suarezhttps://globalriskcommunity.com/members/EnriqueRaulSuarez<div><p style="text-align:center;"><a href="{{#staticFileLink}}8028236277,original{{/staticFileLink}}"><img width="400" class="align-center" src="{{#staticFileLink}}8028236277,original{{/staticFileLink}}" alt="8028236277?profile=original" /></a></p><p style="text-align:center;"></p><p style="text-align:center;"><span class="font-size-3"><strong>Enrique Suarez Presenting:</strong></span></p><p style="text-align:center;"></p><p style="text-align:center;"><span class="font-size-3"><strong>Robots Will Cut 25% of US Jobs in 4 years, Transform Workforce</strong></span></p><p style="text-align:center;"></p><p class="center" style="text-align:center;"><span class="font-size-3">Source:</span></p><p class="center" style="text-align:center;"></p><p class="center" style="text-align:center;"><span class="font-size-3"><a href="http://www.rt.com/usa/313566-robots-cut-jobs-study/" target="_blank">RT</a></span></p><p class="center" style="text-align:center;"></p><p class="center" style="text-align:center;"><span class="font-size-3">27 August 2015</span></p><p></p><p><em>T</em><em>he encroachment of self-help kiosks and grocery store scanners has led doomsayers to suggest automation threatens the workforce of the future. A new report argues it will create new business sectors and new jobs as well.</em></p><p>By studying large companies in various industries, from Delta Airlines Inc. to Whole Foods Market Inc., as well as many startups, analysts have forecast that automation will erase 22.7 million jobs by 2025, or 16 percent of today’s total.</p><p>The prediction comes in a <a href="http://beforeitsnews.com/r2/?url=http://feeds.feedburner.com//https://www.forrester.com/The+Future+Of+Jobs+2025+Working+Side+By+Side+With+Robots/fulltext/-/E-res119861" target="_blank"><span><span>report</span></span></a> titled “The Future of Jobs, 2025: Working Side-By-Side with Robots,” published by Forrester Research this week. The study’s findings were drawn from government employment data, and interviews with businesses and academics.</p><p>Automation in daily life is already prevalent and expanding beyond the grocery store scanner. Robots are now delivering room service to guests in the Aloft hotel in San Francisco, and self-service kiosks filling orders at delis rather than humans.</p><p>Lowe’s hardware is testing Oshbot, a robotic sales assistant that can answer questions, and show customers a floor plan of the store or lead them directly to products they seek. It was recently featured in an RT segment. Watch the first video here:</p><p><a href="https://www.youtube.com/watch?v=_Tdu2H1HHIA" target="_blank">https://www.youtube.com/watch?v=_Tdu2H1HHIA</a></p><p></p><p>However, the study argued that the decline in service jobs caused by increasing automation would be offset by the creation of new ones, reducing net jobs losses to only 9.1 million, or 7 percent.</p><p>“Physical robots require repair and maintenance professionals – one of several job categories that will grow up around a more automated world,” wrote J P Gownder, the lead author in Forbes.</p><p>“That’s a net loss of 7 percent: far fewer than most forecasts, though still a significant job loss number.” Watch the second video below:</p><p></p><p><a href="https://www.youtube.com/watch?v=J5MLvHvITvg#t=142" target="_blank">https://www.youtube.com/watch?v=J5MLvHvITvg#t=142</a></p><p></p><p>Robots are defined in the study as physical robots that do manual labor on assembly lines or in warehouses. Included in the definition is sophisticated software capable of crunching large amounts of data to perform intellectual tasks such as giving medical diagnoses, analyzing the weather, or coming up with culinary recipes.</p><p>Automation will and is replacing the work of people, but the report argued for every 10 jobs automated, one new job will be created in software engineering, design, maintenance, and support or training.</p><p>Gownder’ team said by 2019, 25 percent of all job-based tasks will have been offloaded to software robots, physical robots, or customer self-service automation.</p><p>The most job losses will occur in sectors like office support, construction, and sales, with self-help services replacing cashiers, retail salespeople, and real estate brokers and agents.</p><p>The report also found smart household gadgets would threaten the livelihoods of repair workers, plumbers and electricians.</p><p>“These are not white-collar jobs,” J P Gownder told WIRED. “This is the evolution of the repair person. It’s harder to fix a robot than to fix a vending machine.” Watch the third video below: </p><p></p><p><a href="https://www.youtube.com/watch?v=9v1HT7Wr2d0&list=PLkCsE3aLYkdjobGoR20eKCQJ3LS8nDjz_#t=84" target="_blank">https://www.youtube.com/watch?v=9v1HT7Wr2d0&list=PLkCsE3aLYkdjobGoR20eKCQJ3LS8nDjz_#t=84</a></p><p></p><p>The report found for most workers, robotic challenges would change the way people approached their daily jobs, requiring new methods of job training, management, and financial reporting systems.</p><p>Gownder’s report presents a less dire view to the one presented in the often-quoted Oxford University study of 2013 “The Future of Employment: How Susceptible Are Jobs to Computerisation” from academics Carl Frey and Michael Osborne. Their analysis predicted robots will displace jobs at an alarming rate, finding that 47 percent of total US jobs were “at risk” of being replaced by automation.</p><p style="text-align:center;"></p><p style="text-align:center;"></p><p></p><p></p><p></p><p></p></div>The Internet Of Things (IoT) Has Arrived - What You Should Knowhttps://globalriskcommunity.com/profiles/blogs/the-internet-of-things-iot-has-arrived-what-you-should-know2015-06-30T12:37:15.000Z2015-06-30T12:37:15.000ZChuck Brookshttps://globalriskcommunity.com/members/ChuckBrooks<div><p><strong> The Internet Of Things (IoT) Has Arrived - What You Should Know</strong></p><p>by Chuck Brooks <br /><br /><a target="_blank" href="https://www.linkedin.com/pulse/internet-things-iot-has-arrived-what-you-should-know-chuck-brooks">https://www.linkedin.com/pulse/internet-things-iot-has-arrived-what-you-should-know-chuck-brooks</a><br /><span><br /></span></p><p></p><p>We have entered a new era of scientific breakthroughs and technological applications that will change life as we know it. Accelerated technological development is transforming our civilization. The pace of innovation is growing so rapidly that it is becoming exponential as each year passes.</p><p> Futurist Dr. Michio Kaku characterizes this blazing technological shift as moving from the “age of discovery” to the “age of mastery.”</p><p>This next decade beckons many new technological discoveries and applications. This includes genetic engineering and regeneration of body parts, new cures for diseases, artificial intelligence, augmented reality, nano-technologies, robotics, ultra-high speed trains and self-driving cars, renewable energies, sustainable agriculture, big data, 3-D Printing, digital security, quantum computing, mobility, and paper thin flexible personal computers. </p><p>If you read the MIT Technology Review on a weekly basis, you will be provide continual insights into the trends of disruptive transformation. It also important to know some key stats and terms … and implications of the Internet of Things (IoT):</p><p><em> <strong>Some </strong></em><strong>Key IoT; Definitions/Stats:</strong></p><ul><li><strong> </strong><strong>IoT refers to the general idea of things that are readable, recognizable, locatable, addressable, and/or controllable via the Internet.</strong></li><li><strong> </strong><strong>Physical objects communicating with each other.</strong></li><li><strong> </strong><strong>People, data, things (machine to machine, machine to people) .</strong></li><li><strong> </strong><strong>According to Gartner there will be nearly 26 billion networked devices on the Internet of Things by 2020.</strong></li><li><strong> </strong><strong>Cisco estimates that IoT will be valued at $4.6 Trillion for the Public Sector in the next ten years</strong></li><li> <strong>604 million users of wearable biometrics by 2019 according to Goode Intelligence</strong></li></ul><p><span class="underline"><strong>IoT Key Components of IoT:</strong></span><strong> Big Data (and data mining), Sensors (RFID, chips, transistors, Analytics (predictive).</strong></p><p><span class="underline"><strong>IoT Product and Service Applications:</strong></span><strong> Improving government services. Better efficiencies and performance via BPO. Smart solutions under budget constraints. scalability; BPO can more rapidly adapt and manage customer service for the exponential growth and magnitude of IoT, risk mitigation. Management/integration. Compliance. Data integrity. Consumer facing digital government and responding to public need.</strong></p><p><span class="underline"><strong>IoT Areas of focus:</strong></span><strong><span class="underline"> </span> facilities & infrastructure management, industrial applications, energy (smart grid) , medical & healthcare, transportation, building/construction (smart buildings), environment (waste management), water resources, retail and supply chain, communications, and education (learning analytics).</strong></p><p><strong><span class="underline">IoT Technology Trends</span>:</strong><strong> automation, robotics, enabling nanotechnologies, self-assembling materials, artificial intelligence (human/computer interface), 3D Printing</strong> <strong>Photovoltaics and printed electronics</strong>)<strong>, wearables (flexible electronics) real-time analytics and predictive analytics, super-computing (faster and more connectivity), increased storage and data memory power, wireless networks, secure cloud computing, virtualization,</strong></p><p><span class="underline"><strong>IoT Policy Issues</strong></span><strong><span class="underline">:</span> ethics, interoperability protocols, cybersecurity, privacy/ surveillance, complex autonomous systems, best commercial practices.</strong></p><p><span class="underline"><strong>IOT Benefits:</strong></span><strong> logistics and situational awareness by monitoring data, i.e. traffic jams, parking management, and distributed traffic control. Energy use (utilities). Productivity; manufacturing, logistics, telework. Healthcare; connected devices (wearables) patient monitoring vital body signs with remote monitoring capabilities. Emergency management; i.e. weather incidents, crow control. Security: cameras, sensors, forensics.</strong></p><p><strong>IoT Areas of Impact:</strong></p><p> <span class="underline"><strong>Health & Medicine</strong></span></p><ul><li><strong> </strong>Health- Implantable devices, bionic eyes, DNA nanomedicines</li><li>Genomic techniques – gene therapy (Gene therapy to enhance strength, endurance and lifespan Gene therapy to enhance human intelligence)</li><li>Remote sensing tech</li><li>Medicine for longevity, enhancement</li><li>Real-time biomarker tracking and monitoring</li><li>Artificially grown organs Human regeneration (regrow lost limbs in months)</li><li>Life expectancy doubles</li><li>Human cells interfaced with nanotech MNT repair of physical trauma, almost no deaths once injured and then get MNT treatment (EMT or hospital) MNT repair of cellular damage MNT able to replace various organs MNT able to enhance body functions, Cybernetics</li><li>Exoskeletons for mobility</li></ul><p> <span class="underline"><strong>Transportation</strong></span></p><ul><li><strong> </strong>Sustainability of infrastructure</li><li>Converged transportation ecosystems and monitoring</li><li>Autonomous and connected cars</li><li>Predictive analytics(parking, traffic patterns)</li></ul><p> <span class="underline"><strong>Energy</strong></span></p><ul><li> Solar power</li><li>Waste to biofuels</li><li>Protecting the Grid</li><li>Batteries (long lasting)</li></ul><p> <span class="underline"> <strong>Law Enforcement and Public Safety: </strong></span></p><ul><li> Surveillance (chemical and bio sensors, cameras, drones)</li><li>Forensics</li><li>Interoperable communications</li><li>Security screening by bio-signature: Every aspect of your physiology can be used as a bio-signature. Measure unique heart/pulse rates, electrocardiogram sensor, blood oximetry, skin temperature</li></ul><p> <span class="underline"><strong>Finance:</strong></span></p><ul><li>Mobile payments</li><li>Mobile banking</li><li>Identity management</li><li>Biometric Security: access control facial recognition, voice recognition, iris and retina scanners, fingerprint sensors on tablets and smartphones – pass keys</li></ul><p> <span class="underline"> <strong>Agriculture:</strong></span></p><ul><li> Aqua farming</li><li>Water purification</li><li>New food manufacturing and production tech</li><li>Food security</li></ul><p> </p><ul><li><strong>Charles (Chuck) Brooks</strong> serves as the Vice President for Government Relations & Marketing for Sutherland Global Services. Chuck leads Federal and State & Local Government relations activities. He is also responsible for the Marketing portfolio (Media, PR, Digital Outreach, Thought Leadership, Strategic Partnering, Branding) for the Federal and State & Local markets. Chuck is also an Advisor to the Bill and Melinda Gates Technology Partner network and serves on Boards to several prominent public and private companies and organizations</li></ul><p><strong>Twitter: @ChuckDBrooks</strong></p><p><strong>Linked in Profile: <a href="http://www.linkedin.com/in/chuckbrooks">http://www.linkedin.com/in/chuckbrooks</a></strong></p></div>HR is ripe for disruption, but what IS the future?https://globalriskcommunity.com/profiles/blogs/hr-is-ripe-for-disruption-but-what-is-the-future2015-02-05T11:21:12.000Z2015-02-05T11:21:12.000ZIsabel Naidoohttps://globalriskcommunity.com/members/IsabelNaidoo<div><h2 class="title"><span class="font-size-4"><strong><span>Everyone’s talking about </span><a href="http://www.capco.com/insights/capco-blog/imagining-workplace-2020-and-beyond">future workplace</a><span>. We all know where it’s heading – people-power, social networking, crowdsourcing, limitless connectivity and a workforce that is contingent (self-employed in some form) and virtualized (anytime, anywhere). But what about the HR team - its leadership? In a people-power world, what does it look like?</span><br /></strong></span></h2><div class="content"><p><strong>HR won’t exist in its current guise for very long </strong><br />Look at HR. Still knee-deep in paper. Still knee-deep in ops. The promised digitization of the back office is yet to happen and in some instances the very people who need to be pushing that agenda cling on to the current state. Still trying to do more with less.</p><p>HR needs to be more business-savvy. It needs to be a strategic partner that fosters the company culture and influences other business units. Needs to be more digital. Needs to be a coach. Needs to be the voice of the people and act on their behalf. Phew, it's exhausting.</p><p><strong>Operation ‘HR Disruption’</strong><br />What could future HR management look like? People rate their experiences with each other, e-Bay style? Represent themselves in performance management processes? Move around choosing projects, not jobs for life? Hello,<a href="http://www.capco.com/insights/capco-blog/generation-c-choice-how-to-work-on-your-own-terms">Generation C (choice)</a>.</p><p>With the notion of work-life balance being abandoned in favor of work-life integration, I can also see companies taking more responsibility for the welfare of their employees and providing services that encompass many areas of people’s personal and professional lives.</p><p><strong>Human capital and personalized HR </strong><br />“The conventional definition of management is getting work done through people, but real management is developing people through work.” Agha Hasan Abedi.</p><p>Developing individuals requires an individual approach. Could employment arrangements be based on learning styles and personalities? Beyond that, HR folks need access to technology that enables employees to negotiate and manage the value of their human capital, taking into account their achievement and contribution as much as their aspirations and circumstances. That way, employees at all levels can take control of their careers and lives.</p><p>Performance can be measured using sophisticated metrics and (big) data which inform employee profiles and create precision around matching skills to projects. After all, most of us associate ourselves with a particular skill-set rather than a particular organization.</p><p>At the same time, as data and technology enable us to redefine and personalize the relationships between organizations and employees, it is the human element that should remain HR’s real strength.</p><p><strong>Begin today</strong><br />For starters, ditch the name HR. Can we stop calling people resources? Perhaps, call it People Department, headed by People Lead. Which in the new world becomes a department of coaches and data analysts. In fact, in a truly future model there is no department. There’s a set of experts that can swoop in to help with particular people challenges at any one time.</p><p>I’ll have the title of ‘Aspirations and Performance Strategist’, for now. Better update my CV… I mean my LinkedIn profile… I mean my e-Bay style career rating card.</p><p></p><p><strong>Share your ideas about disrupting HR and help us define a compelling vision of future people management.</strong></p><p>Read Isabel Naidoo’s earlier blogs about future workplace:</p><ul><li><a href="http://www.capco.com/insights/capco-blog/imagining-workplace-2020-and-beyond">Imagining Workplace 2020 (and beyond)</a></li><li><a href="http://www.capco.com/insights/capco-blog/being-yourself-at-work-and-true-inclusion">Being yourself at work and true inclusion</a></li><li><a href="http://www.capco.com/insights/capco-blog/generation-c-choice-how-to-work-on-your-own-terms">Generation C (Choice): How to work on your own terms with a company that shares your values</a></li><li><a href="http://www.capco.com/insights/capco-blog/have-you-met-your-future-consumer-and-workforce-yet">Have you met your future consumer and workforce yet?</a></li></ul></div></div>