We feature all articles related to Small and Medium Business improvement and Productivity in this section.
Starting an online business has arguably never been simpler. With so many different industries and niches, you can become a part of, launching a profitable company from your own home is more accessible than ever.
But for your online business to succeed, you will need to run it with a clear plan in mind, armed with plenty of information and research.
Our 11-step guide on starting an online business and 16 profitable ideas get you thinking.
A streamlined operation is crucial to the success of any business.
After all, inefficient workflows can keep your business from operating and delivering your services smoothly, which seriously impacts the customer experience, service quality, and your company’s profitability.
What’s more, you’ll end up with low productivity while using up your resources — and that can be a lot of money down the drain.
The good news is, there are tried and tested strategies to streamline your operations and optimize your processes to reach your business goals. We will cover those business optimization hacks in this guide.
Artificial Intelligence (AI) is one of the most pervasive technologies in use today. With the human language being the medium to how we communicate, it is no surprise that Conversational AI (CAI) is becoming the most prominent frontier of this technology. Many businesses today are enlisting the help of conversationally intelligent chatbots to stay competitive.
According to Markets and Markets, the expected global Conversational AI market size is set to grow from USD 4.8 billion in 2020 to USD 13.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 21.9%.
Therefore, companies, industry leaders, and employees need to understand precisely what Conversational AI is, why it’s essential, and the many use cases of this AI application disrupting Healthcare, IoT Devices, Retail, HR, and Finance and Banking Industry.
No matter how big your company is, what you do, where you’re located, and how many people you employ – insisting on healthy and quality employee relations is one of the most important things in the world! This is something that defines the way people in your company treat each other, how willing they are to help each other, and whether they work well together or not. Businesses should never take these things for granted, and you should never expect your employees to form high-quality relationships on their own. On the contrary, you need to be the catalyst of these relationships and the reason why they’re formed in the first place. And once your employees start forming these relations themselves, you need to do whatever you can to improve them, upgrade them, and take them to a new level. In case that’s something you’d like to do as well, here are a few things you can do to improve employee relations this year too.
The banking and financial services industry has been witnessing rapid technological advancement for the last few years. The new FinTech startups and the conventional banks and financial institutions are also investing heavily in financial technologies.
With a cutthroat competition of rolling out innovative financial services in the market, it is essential for banking and financial institutions to prioritize time to market for their next FinTech software development. And this urge to be faster than the competition requires a faster development process that ensures a better product and undertakes the FinTech security concerns.
Hence there is an increase in the number of FinTech projects that were developed via outsourcing. However, outsourcing has both good and bad sides. Let’s discuss the cons first.