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AI Software in the Workplace – How It Can Upskill Employees

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A lot of credit for the fast-changing way we work goes to artificial intelligence. AI and machine learning are increasingly powering workplace platforms and tools because sophisticated automation tools can relieve workers from tasks that are too dull or dangerous. Therefore, employees can focus more on higher-level work. Artificial intelligence can be utilized to enable individual knowledge workers, boosting their productivity and feeding them timely information furthering key business objectives.

Enterprise software development faced an amazing evolution in the past few years, thus making more and more businesses look for software development services to create integrated solutions that give the opportunity to expand and improve their employees’ experience better than ever.

Simplifying HR

Technological advancements have completely changed the human resources game in the last several years. Modern businesses are frequently global and diverse meaning that they have employees scattered all over the world making HR professionals to struggle with a never-ending paper trail. Positive HR policies and environments are keys to retaining staff long-term, but due to differing policies, processes, regulation, and systems, HR staff have a lot of their time tied up in answering the requests and questions of the employees. Even the simple act of finding how many days of holiday someone has left can result in multiple emails sent across an organization and a lot of documents to look through. Yet, AI enterprise solutions can help by saving valuable time for both the employee asking the question and the HR professional trying to respond. Also, AI can be valuable in automating repetitive recruiting tasks such as sourcing resumes, scheduling interviews, and providing feedback.

Employee engagement

HR professionals put great importance on employee engagement for the success of a business. But what it means to have engaged employees? According to them, engaged employees are the enthusiastic and passionate workers that are willing to work hard to contribute to the growth of the organization that they are working for. for today’s business leader, employee engagement is seen as the holy grail that can make a difference between a company that outperforms its competitors and one that fails to grow. Artificial intelligence is expected to create a healthier, more productive, and accessible work environment for employees. A healthy and safe workplace is known to engage workers in innovation and the process of contributing to a company’s success.

Entrepreneurs have the responsibility to ensure that the workplaces they offer to their employees keep them satisfied, safe, and positive so that they can remain productive and focused on the job.

For example, well-being technology has already become a big deal in the business world because there is strong evidence that suggests that it positively affects outcomes in the workplace. Emotional and physical wellbeing technology is used in workplaces to capture employee information, analyze it and identify workers who struggle with productivity or happiness in the office. A healthy employee is a happy employee who will use their best qualities to contribute to a company’s success.

Create engagement opportunities

Happy and engaged employees are surely one of the more important keys for organization growth. Artificial intelligence integrated into businesses is expected to improve operations and boost employee engagement by creating engagement opportunities. For example, AI-powered solutions can engage remote employees effectively by providing both real-time performance monitoring to the employer and by providing access to business data to the employees from all over the world. Thus, artificial intelligence enterprise software helps employees and employers from all over the world to stay connected and make informed business decisions that contribute to improved business processes and the organization’s growth.

Employee and staff performance monitoring

Employee monitoring often paints a picture of a nagging boss trying to control every aspect of a helpless employee’s life. So, naturally, the idea of monitoring is something every employee hate. However, it is a crucial component in the overall management of an organization allowing both entrepreneurs and their employees alike to understand how their time is being spent. It can help people become the best version of themselves on the job.   AI software can be used for employee monitoring to both enable employers to get their money’s worth out of their employees and help employees get better at their jobs. Humans need motivation to perform efficiently at their jobs and monitoring can be the tool to provide it. for example, employees can use time-tracking software to keep track of how they spend their time and derive valuable insights such as how they can be more productive on the job. Also, employers are empowered to make informed decisions regarding their employees. For example, AI-powered monitoring software can help them to rightly decide which employees qualify for promotions based on their productivity, work ethics, and contribution to the company’s growth.

A solution to the data nightmare

The huge amount of data generated daily is a nightmare and a common reason for stress for employees. One of the biggest challenges in the workplace for employees is to struggle with documents and content scattered in disparate locations across their organization. Workers have to waste a significant amount of time and energy to find a file or document that is crucial for completing their tasks because the business data is hard to access when it is not centralized in enterprise software. AI advancements have set the stage for an intelligent assistant that is designed to help employees do data-oriented tasks such as prioritizing high-importance emails, balance workflows, and attach relevant content to emails. This assistant can make employees’ life easier in this age of information overload that the business world is experiencing.  Leaner information sharing and access boosts higher productivity across the company.

The rise of artificial intelligence has transformed the way organizations manage employee engagement and the way employees work. It can help companies to boost the bottom line through the improved usage of available resources, increased employee satisfaction, and better productivity.

The post AI Software in the Workplace – How It Can Upskill Employees appeared first on 1redDrop.

Source: https://1reddrop.com/2019/05/16/ai-software-in-the-workplace-how-it-can-upskill-employees/

Blockchain

Bitcoin Derivatives Firm ErisX Adds Cash-Settled Contracts After Physically-Settled Futures Fall Flat

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Cryptocurrency derivatives platform ErisX launched cash-settled bounded futures on Tuesday, after seeing little interest from the market for its physically-settled futures

ErisX CEO Thomas Chippas said the company had released physically-settled futures thinking that traders would be interested in trading spot bitcoin with the protection of a futures exchange and a futures clearinghouse. Cash-settled contracts don’t require the delivery of bitcoin like physically-settled contracts, allowing investors who can’t touch bitcoin to still profit off of it.

Physically-settled futures won’t become more popular until the exchange can offer physically-traded futures on margin, Chippas said. ErisX is working with the U.S. Commodity Futures Trading Commission (CFTC) to allow the exchange to offer margin in the future.

In the meantime, the exchange is launching cash-settled bounded futures, which provide upper and lower bounds on gains and losses, protecting investors from large price movements 

Last month, ErisX got CFTC approval to offer additional trading services.

Source: https://www.coindesk.com/bitcoin-derivatives-firm-erisx-adds-cash-settled-futures

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World’s first tradable carbon token launched by Universal Protocol alliance

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The Universal Protocol Alliance [UPA] which included prominent blockchain companies like Bittrex Global, Ledger, CertiK, InfiniGold, and Uphold launched the Universal Carbon [UPCO2] on a public blockchain. It can be bought and held as an investment, or burnt to offset an individual’s carbon footprint.

According to the press release shared with AMBCrypto:

“… the UPCO2 Token is set to democratize an important new asset class, which could lead to the establishment of a global clearing price for carbon (as today exists for such commodities as oil and gold) and more resources going directly into environmental projects.”

One UPCO2 token represented a verified project in the rainforest reducing its carbon dioxide emissions by one metric ton annually. The alliance provided a digital certificate issued by Verra, an international standards agency, which allows certified projects to turn their greenhouse gas (GHG) reductions into tradable carbon credits.

The Chairman of the UP Alliance, Matthew Le Merle noted:

“The projects we support through carbon credit purchases prevent deforestation in the Amazon, Congo Basin and Indonesia as well as other threatened rainforests. For a new generation of investors looking for more than mere financial return, UPCO2 offers attractive social, economic and environmental benefits. At a key moment for climate change, UPCO2 allows people worldwide to do good for the planet and potentially do well for themselves.”

The voluntary carbon credits backing these carbon tokens should eventually fetch the same price anywhere, as per the Chairman. The logic behind this was that they represent, a metric ton of carbon per year, which is measured the same for any company seeking to offset its carbon footprint. The dollar-denominated, globally-recognized, fungible, and perennial assets should maintain their option value until consumption.

The chairman further concluded:

“Combine a digital asset with a rainforest carbon offset and give everyone in the world access. How could that not be a great idea?”

Source: https://eng.ambcrypto.com/worlds-first-tradable-carbon-token-launched-by-universal-protocol-alliance

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E-Crypto News Talks to Clem Chambers on Bitcoin’s Price Surge

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Bitcoin’s price surge has caught no one by surprise. So much so that my within the crypto space think that this is the “it” moment when mass adoption will take place.

E-Crypto News reached out to Clem Chambers, the CEO of global stocks, shares, and crypto website ADVFN (and author of Trading Cryptocurrencies: A Beginner’s Guide – Bitcoin, Ethereum, Litecoin) on the possibilities of Bitcoin prices reaching $20,000. Here is what he had to say. 


Clem Chambers, the CEO of global stocks, shares, and crypto website ADVFN (and author of Trading Cryptocurrencies: A Beginner’s Guide – Bitcoin, Ethereum, Litecoin)

 E-Crypto News:

  1. Now that Bitcoin has risen, what are your projections for now and next year?

It’s impossible to say but I will sweat when BTC hits $35000, and I think that will happen before 2021 is over. 

 E-Crypto News:

2. Why do you think the Altcoins haven’t followed Bitcoin this time?

You need a use case and a brand. Ethereum and Bitcoin dominate use cases because they have the brand. Altcoins therefore straggle. However, they will rise if BTC continues its vertical.

 E-Crypto News:

3. Do you think institutions are the new whales in the cryptospace? Please tell us the reasons for your answer.

Crypto-whales are a red herring.

 E-Crypto News:

4. Do you think we will have a massive reversal of prices the same way it occurred in 2017? Please tell us the reasons for your answer.

Highly probably, but so is $250,000 BTC; the route there will be wildly volatile. 

 E-Crypto News:

5. What are your thoughts on decentralized finance (DeFi)?

Revolutionary, world-changing, and absolutely the next big thing. Colossally impactful. 

 E-Crypto News:

6. What are your thoughts on Central Bank Digital Currencies (CBDCs)?

All currencies are digital currencies; 90% of all money is digital already. The Fed doesn’t send paper to banks anymore.

Misnomers are dangerous things. Central bank crypto? Why not? Crypto is about political structure and that can be whatever is coded and as good as the code and its structure. Would central bank crypto be any good? Probably not at first.

 E-Crypto News:

7. Do you think that there is an Altcoin that could replace Bitcoin in the future? Please tell us the reasons for your answer.

No. Bitcoin has an unassailable first-mover advantage.

 E-Crypto News:

8. What do you think are the factors causing the current Bitcoin price surge?

The Halvening

Trouble in China and Hong Kong

Inflation worries

Continued growth of adoption

DeFi wrapping BTC

PayPal sucking up a lot of new issuance

Corporate treasury hedging

 E-Crypto News:

9. What is your timeline and prediction for the next Bitcoin All-time-high?

Before Christmas but it’s foolish to try and call; technically, market timing is impossible

 E-Crypto News:

10. How do you think the security vs. commodity dilemma that Bitcoin and many of the cryptocurrencies face can be solved? 

Politics is never solved… resolved perhaps. Yes, it will be resolved at some point because it will become yesterday’s news and the gatekeepers will re-engineer their rentier position and grab their slice of the pie. 

 

Source: https://e-cryptonews.com/e-crypto-news-talks-to-clem-chambers-on-bitcoins-price-surge/

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