Modern business depends on flexibility perhaps above all — and that might go double when it comes to procurement. In a nutshell, technology represents your best chance at "perceiving value" — that is, revealing hidden opportunities within the reams of data your company already produces. For a start, data-driven technologies can help businesses all the way up and down the modern supply chain with tasks. Finding new ways to let technology make our processes leaner and less wasteful — and our use of resources less reckless — isn't just a business imperative — it's a civil and social one too.
In what will probably feel obvious in hindsight, artificial intelligence and other technologies may be about to compete with or even displace management consultants and some of the services consultancy firms offer. The reality of the situation will take a moment to unpack, but here's a spoiler — the result should be better insights for the organizations retaining consultants, along with greater capabilities and less busywork for the consultants themselves. Another way to look at this is that AI is adding powerful new tools and vast new opportunities to the modern consultant's toolkit.
If you've had even a brief encounter with the real estate market, you know how much information is exchanged in the average interaction and how many considerations go into a purchasing decision. If anything, you'll have to stay sharper than ever to use the new data and analysis tools available to you to end up with the most compelling results. It's not exactly a surprise, then, that big data is bringing significant change to how the real estate market conducts itself and even how residential and commercial properties are maintained. Here are four of the most interesting.
Maybe it's hard to believe, but cutting-edge technologies are bringing their magic even to places that once lived and died by their human touch. Take restaurants for example. Places like Applebees, Chili's and more employ the help of tabletop tablets to enhance the customer experience. Similarly, technology has the potential to improve functions such as conferences and events — from the planning of the event to its execution and everywhere in between. Let's take a look at a few of the reasons why.
The health care industry of the near future will look quite a bit different than it does today — and technology is one of the biggest reasons why. How can you tell if a system will be a winner, though? Sometimes, you can tell by following patterns in public spending. National health care systems such as the U.K.'s NHS could soon be investing hugely in augmented reality (AR) and virtual reality (VR). What's the appeal? As it turns out, there are many compelling applications for AR and VR in modern health care. Here are a few of them.
Hiring managers and human resources departments will probably always need a human touch to perform their duties well. Even so, we're already seeing the many potential benefits of bringing data analysis and artificial intelligence into the hiring process. Broadly speaking, companies large and small are using advanced technologies to help them source candidates more successful. Hiring can be much more strategic now that human beings have the aid of impartial and vastly more observant AI tools to help make our staffing decisions. Here's a look at how big data and AI are shaking up hiring just about everywhere.
The tech industry might feel like some monolithic juggernaut, but it's easy to get along with once you know it a little better. If you're a young professional looking to make your start in an emerging and disruptive technology field, however, how can you give yourself the best chance at standing out? Like it or not, it all begins with the humble resume. Here's how to make yours shine in what is projected to remain a very in-demand field, according to employers.
As is true of many other industries, technology is having a major influence on the current growth and development of the insurance market. In fact, it’s outright disruptive in some cases with new platforms and hardware significantly altering how conventional operations are handled. For example, it’s entirely possible to create a mobile-only insurance company that offers all features and support via a mobile app or browser. But it’s much bigger than that, of course. Many different technologies and opportunities are available, some of which showcase what it will be like in the future. Here are four of them.
For sales managers, the process of drawing up realistic and attainable goals amid a backdrop of intensifying market and competitive pressure can be anything but straightforward. The long and short of AI for sales is that it can improve your relationships with your customers by adding value to your organization. Whether it does this by helping your teams sell more effectively, connecting you with an audience you didn't know you had or just staying better organized behind the scenes, AI and sales is an obvious pairing with compelling use cases — and true staying power.
Technology is now the cornerstone of our society. The retail industry is certainly no exception, with many innovative solutions and platforms taking center stage. The question is not whether or not technologies are reinventing retail — spoiler alert, they are — but instead what they will lead to in the future. The technologies listed here — and many more — are set to transform not just the retail industry but also the world as we know it. Beyond improved customer experiences, more efficient operations and a swath of cost savings, every business stands to benefit from its adoption.