Latest technologys

This blog will provide all latest update in HR, Information Technology, Marketing, Media and Finance

4 Reasons the Bitcoin Market is Growing

 

Not long ago, the idea of digital currency seemed like a fuss. One could reject it in a second knowing they were putting their hard-earned money on the internet, digitally, without any guarantees or promises.

 

If you’ve been following the prices of bitcoins in 2019, you might as well know that it was a rough start until the second half of May 2019. Bitcoin price exceeded $8000 on May 24 — a sudden increase after the summer of 2018.

 

Bitcoin Market

 

Considering the ever-evolving economy and unexpected fluctuations in bitcoin price, many people are raising questions about its integrity. First thing first, if you’re worried about losing your money because you’re thinking to invest in bitcoins, think again.

According to an article on Forbes, people made up to 150% profit from the first trading day of September 2019 as bitcoin price increased from $3890 to $10,383.

That’s a huge number, isn’t it?

 

After staying low for a year, the leading cryptocurrency medium bitcoin is coming back again. Overall, the value of Bitcoin has only increased from the start, following a tragic journey.

 

Reasons the Bitcoin Market is Growing

 

The growing price of bitcoin has raised many questions. People are still confused about its integrity and whether it is a good choice to invest in the bitcoin market. But there has been a significant increase in searched queries like “how to get bitcoins,” “how to buy bitcoin,” “how bitcoins work,” “bitcoin price” and more.

 

In this regard, here are 4 reasons the bitcoin market is growing:

 

1. Advancement of Cryptocurrency

 

It is said that the increased popularity of cryptocurrency, especially bitcoin, can reduce the need for financial institutions. With most of the cash saved electric and the ability to pay for most of the things online makes it a legit currency. In fact, there are some online marketplaces that accept bitcoins payment besides PayPal, Mastercard, and Visa card.

 

Though the blockchain industry still has a long journey to cover to reach its full potential, it has developed much from the past 2–3 years. There are now dozens of reliable cryptocurrency wallets, cryptocurrency exchange, and mining pools available online. Thus, say goodbye to filling bulky bank forms and taxation because you’re just a few steps behind at saving your hard-earned money online.

 

2. Some Historical Instances

 

Cryptocurrency is like a new breakthrough in the financial world. Though it has been on the market for years, its full potential is still limited to the techy guys. In fact, only technical nerds are supporting it in hard times.

 

This is because the sudden fluctuations in bitcoin price are too much for the general public. Still, bitcoin is now gaining enough popularity among entrepreneurs, celebrities, businessmen, and personal brand owners. Did you know that your favorite celebrities are also investing in cryptocurrency? That’s another reason to believe in the growing bitcoin market.

 

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The Best Chatbot Framework to Build Powerful Bots

 

Chatbot technology has come a long way and more businesses are using it to be available to customers even when the business might be closed or when customers are looking for a quick interaction while they multitask.

 

From marketing to customer service, chatbots are having a significant impact on both B2B and B2C organizations in terms of both information gathering, lead generation, and elevated service. Here are some of the ways businesses can benefits when deploying chatbots into the system.

 

How businesses can benefit from deploying chatbots

 

1. Always on service

A chatbot is available even when a customer service rep is not. It allows for better and more timely communication with customers looking to ask a question, check on the status of an order, and other customer service issues.

 

2. Cost-effectiveness

For many businesses, deploying a chatbot is a less expensive solution that staffing a customer service center for extra hours. Even though a chatbot may not be able to answer questions or concerns for as many issues as a live person, it is a better option than no communication and for most businesses, a well-developed chatbot is able to answer many top concerns or frequently asked questions.

 

3. Analytics

When you have a chatbot running, you’re able to pull reporting from the program that offers insight into what kinds of questions customers are asking and where they are in their buyer’s journey. This helps businesses better address their trouble spots and also create more effective content marketing and outreach.

 

According to the website Ubuntupit, choosing the right framework to develop your bot is key. “Choosing a useful and powerful chatbot framework completes more than 50% of your work if you want to have your chatbot. Recent developments in machine learning and AI modules has brought significant changes in chatbot’s features…You have to train your bot and determine the architecture, its goal, and responsibilities, and the channel where it is going to be deployed…some of the best and innovative machine learning companies are solely devoted to developing the best chatbots based on artificial intelligence and machine learning.”

 

If your business is looking to get into chatbot development and create a chatbot for your business, you need the right chatbot framework to get started. Here are some open-source chatbot platforms and other chatbot development programs to look into.

 

Top chatbot framework for developers

 

1. IBM Watson

IBM Watson is a leading AI software that business developers are using to build bots for their brand. One use case is building a virtual assistant that can respond to customers and also supply more useful information to business agents. Watson can help businesses “seamlessly automate tasks — from addressing customer requests to guiding employees through internal processes” all to help provide better service internally and externally. They also have a free assessment that helps evaluate your business and highlight where AI could help.

 

2. Microsoft Bot Framework

This platform helps business build, connect, publish, and manage smarter chatbots. It comes with active learning and includes pre-existing, pre-build models that allow your AI software to interact with users on chat program they’re already using, such as Skype, Slack, Facebook Messenger, Cortana, Microsoft Teams, Kik, and more. It is a full-service solution for natural language processing bot development.

 

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How Technology Is Transforming Small Business Lending

 

Small businesses are the pride of local economies. But sometimes SMEs (small to medium enterprises) need extra funding to help them thrive. For many businesses, small business lending is a vital key to success. 

 

But business finance wasn’t always as readily available as it is today. Technology is the catalyst that has transformed the world of small business lending, making funds more accessible than ever for aspiring businesses. 

 

So what role has technology played in transforming business finance options?

 

Trustworthy Finance Providers Are Now at Business’ Fingertips

 

Previously, businesses who needed financial help would only have banks and a few alternative finance providers to turn to. These businesses largely relied on word-of-mouth recommendations and gut-instinct to find the best lender. 

 

Now, businesses can look for finance providers in their area with a simple Google search. Within seconds, businesses can have hundreds of providers at their fingertips, from banks to investors to alternative finance providers. 

 

Technology Has Streamlined Application Processes

 

Applying for finance used to involve several journeys to banks to exchange documents and have face-to-face meetings with bank managers and consultants. 

 

But nowadays businesses can apply for business finance online, without spending time traveling to and from banks or lenders’ offices. 

 

Most finance providers will use technology to make their application process as smooth and fast as possible. Business bank loan applications can still be a little lengthy.

However, many alternative finance providers use technology to digitize the entire application process, ensuring applications are completed as fast as possible — in some cases within a few days. 

 

SMEs Have (Almost) Lightning Fast Access to Funds

 

Businesses can also speed through the approval process as finance providers can quickly review applications. With information and documents sent electronically, lenders can review the application almost immediately. Even credit checks can be performed online in a matter of moments. So once businesses have applied for finance, their application is usually approved or declined within a few days.

 

Funds are then transferred instantly to the business via direct bank transfer. Or, if the business is using an alternative finance solution such as supplier finance, the funds may be paid directly to the business’ supplier.

As well as saving time on back-and-forth communications, fast access to funds means businesses can seize time-sensitive opportunities. They can also prevent cash flow issues from disrupting business operations.

 

With Technology Comes the Freedom of Flexibility

 

Business loans and finance solutions used to involve a lot of manual organization by the business and the finance provider. Now though, technology has improved communication and digitized data organization and storage. As a result, there’s more flexibility in finance solutions. 

 

Requests to change finance agreements can quickly be submitted and — at the lender’s end — contract details easily amended. So more lenders, especially alternative finance providers, are offering flexible finance products. For example, businesses who work with a finance provider to receive cash advances on unpaid invoices may have the freedom to finance more or fewer invoices as and when needed. 

 

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The Advantages of a Multi-Generational Workforce

 

Running a successful asset management firm and building the technology solutions that power their strategies is an unconventional business model, yet the team at Charleston Capital accomplishes this, citing their uniquely diverse team as a core driver of their success.

 

The company facilitates an open culture that values developing brilliant ideas and brilliant people, and actively fosters diversity into everything they do. This very un-Wall Street approach to finance is what attracts such great talent to their team. Their developers come from the likes of Amazon and Zappos, and their newly appointed CEO boasts over thirty years of financial leadership experience, including AMF, a subsidiary of Credit Suisse.

 

Below is a look inside this promising finance firm and Fintech company, including their own insights about the value of a multi-generational workforce.

 

What are the benefits of building a multi-generational workplace?

 

If you walk inside the offices of Charleston Capital in beautiful Charleston, South Carolina, you’ll find a team mixed up of young coders, seasoned financial professionals and talented millennials analyzing data. CNN streams across the televisions of the 11,000 square feet of office space throughout the day, and the tech team can be found playing Dungeons and Dragons in a conference room later that evening. It is unconventional, to say the least.

 

“Success is about building a selfless team.  Hunger and talent are ageless. Each member of a team has a unique role to play and must feel like they have a unique role to play.  Although the young often have great energy and the old often have great experience — assume nothing. Harness your workers’ passions so they bring their best to their job every day.” says Sol Berkoff, a Principal at Charleston Capital.

 

The company benefits from their multi-generational workforce, believing that your own team should be a reflection of the diversity of your customers. They deploy this thinking into all of their team-building efforts, pairing young talent to work beside industry professionals with over twenty years of experience. The results of this management approach generated an 11% annualized return to its investors last year and led the company to build its own technology platform, in Factor.

 

“While older generations have more experience, younger ones are more experienced in what is happening in our world today,” said Caleb Goding, CFO of the firm. “I encourage you to look inside your own organization and ask yourself if you have the right team facing your clients now, and in the future. Knowing that your client base is going to change with time, is your team set up to succeed today? Do you have generational knowledge sharing internally?”

 

What are the best tips for managing these generations’ innate strengths and possible challenges?

 

The Charleston Capital team goes far outside of classic command and control management structures, treating everyone as members of a winning team on an inspiring mission. They urge companies who want to be more diverse to understand and avoid, the potential challenges of a multi-generational workplace.

 

“Teams are motivated and most effective when working together to achieve common goals.  But people are individuals and have individual needs and concerns. One must always be sensitive to these concerns and be willing to listen.” said Berkoff.  “Balancing the good of the whole versus the needs of the individual is a never-ending challenge, especially when dealing with a multi-generational group.”

 

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3 Benefits of Using API Strategy for Business

 

Businesses and business owners are always looking for a way to get an edge, stay ahead, and innovate. While APIs have been around for decades – and aren’t in and of themselves particular innovative – businesses are finding more ways to use API strategy in innovative ways that can help benefit their company business. Here’s what to know how businesses are using API strategy to transform their organizational operations.

 

What exactly is an API

 

According to Webopedia, “An application program interface (API) is a set of routines, protocols, and tools for building software applications. Basically, an API specifies how software components should interact. Additionally, APIs are used when programming graphical user interface (GUI) components. A good API makes it easier to develop a program by providing all the building blocks. A programmer then puts the blocks together… Most operating environments, such as MS-Windows, provide APIs, allowing programmers to write applications consistent with the operating environment. Today, APIs are also specified by websites. For example, Amazon or eBay APIs allow developers to use the existing retail infrastructure to create specialized web stores. Third-party software developers also use Web APIs to create software solutions for end-users.”

 

It’s clear, then, that APIs are a useful tool for your business to be able to work more efficiently in certain environments and create custom solutions within an existing structure.

 

What does this look like in practice?

 

Business API examples

 

Larger brands often provide APIs for developers at smaller brands to use the functionality of other brand apps, as evidenced by brands like Google, YouTube, and others.

 

  • Google Maps API: Google Maps APIs lets developers embed Google Maps on webpages using a JavaScript or Flash interface. It’s designed to work on both mobile and desktop browsers.
  • YouTube APIs: YouTube API: Google’s APIs lets developers integrate YouTube videos and functionality into websites or applications. YouTube has several useful APIs, which include the YouTube Analytics API, YouTube Data API, YouTube Live Streaming API, YouTube Player APIs, and others.

Benefits of API strategy for your business

 

If you’re curious about how an API strategy may change your company business, here are some things to consider.

 

1. Better marketing

Digital marketing remains key, but some marketing channels are less effective than others. Banner ads, for instance, have struggled to drive real traffic and the ability to measure their influence on brand impressions is unclear. One Medium article points out that an APO can increase the reach of marketing efforts, saying, “APIs you can power dynamic cards and banners in third party apps to surface relevant, interactive offerings based on the context of the user. But this is only one small puzzle piece in a set of outreach channels ranging from deep-links to widgets. APIs can enable third-party websites, applications or conversational bots to tap into your services in order to build value add-on services for their users.”

 

2. Better customer experience

API strategy can help personalize and customize the customer experience. No longer are customers satisfied with generic marketing and outreach efforts. They are asking for more relevant experiences and brands to better understand their needs and position. Brands can use API strategy to enhance the customer experience. Medium notes, “By opening up information access via an API, companies empower their customers to design and tailor their own experiences. The possibilities are endless. 75% of individuals believe that their company’s use of APIs has significantly enhanced their customer experience. With APIs, customers can take a driver’s seat role and identify gaps in the customer journey.” A better, more personalized customer journey can positively impact revenue.

 

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What Are the Benefits of Implementing a Payroll Process in HR

 

Getting the payroll process right is important for any business. In addition to being the primary driving process behind how employees receive their salary for their work, a correctly executed payroll process can help protect your business against any labor or payroll compliance problems or issues.

 

According to Fit Small Business, the payroll process, “consists of the steps needed to pay employees each period, and involves tracking hours worked, deducting money for employee benefits, and remitting payroll taxes. Establishing a solid payroll process helps employers avoid penalties for breaking Department of Labor laws (minimum wage, unpaid overtime), and payroll software makes it easy.”

 

Business owners need to ensure that whoever is handling payroll – whether it’s themselves or an HR rep – are capable of handling the process and are knowledgeable about what rules, regulations, and other facets need to be considered.

 

What’s involved in the payroll process in HR?

 

The payroll process in HR has several steps that are similar across businesses.

 

1. Collect time records

One of the most important steps in calculating and distributing payroll is to collect time worked by employees in order to calculate how much they’re owed by the business. Some businesses calculate this by using paper cards or electronic timesheets, but both are valid methods for ensuring that HR teams have what they need to accurately assess payroll. For non-hourly employees, HR teams need to know the salary pay as well as any PTO time that needs to be deducted. Hourly employees need to have any overtime, time and a half, or other non-regular hours calculated.

 

2. Calculate pay and deductions

Every individual employee will have their information calculated to include hours worked, salary owed, and deductions. Deductions, such as benefits, taxes, and insurance that need to be taken out of every employee’s paycheck, are almost as crucial as the pay itself, as they play a big role into employer compliance.

 

3. Pay employees

When hours, rate of pay, deductions, and other elements have been tracked and accounted for, employers can successfully pay their employees through whatever method required by the state or business – physical check or direct deposit is being the most common.

 

Additionally, keeping payroll records is an important part of the entire payroll process in HR, from the timecards to the employee exemption records to tax deductions and payroll stubs.

 

One way to handle the payroll process and avoid any compliance issues is to invest in an HR or payroll process software.

 

Benefits of software solution for the payroll process in HR

 

Some of the benefits of using an automated software solution for the payroll process in HR include:

 

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Top Content Marketing Software to Increase Brand Awareness

 

According to the Content Marketing Institute, content marketing is a leading way to engage with customers and get in front of potential audiences. “Content marketing is a strategic marketing approach focused on creating and distributing valuable, relevant, and consistent content to attract and retain a clearly-defined audience — and, ultimately, to drive profitable customer action. Instead of pitching your products or services, you are providing truly relevant and useful content to your prospects and customers to help them solve their issues.” Content marketing software is a key way to help businesses get the most from their content marketing.

 

Not only does effectively created and distributed content help keep customer interest throughout their buying journey – presenting relevant, important, and educational resources to help them realize that your brand both understands your problem and is offering a way to solve it – it also helps you get in front of new customers at the beginning of their journey, growing your brand awareness.

 

The role of content marketing software in Business

 

Content marketing ultimately plays two roles for businesses. The first is to develop a pipeline of content to educate consumers, help to generate leads, and move customers through the buyer’s journey. From white papers and case studies to instruction videos and customer testimonials, content is created to help give customers a better understanding of what can solve their problems and how your business can be part of the solution. Without being overly pushy or salesy, good content marketing is able to offer a customer their brand as a resource, increasing the likelihood that the customer will either use your brand as part of their solution or be mindful of your brand in the future as a company to engage with due to helpfulness and relevance.

 

The other component of content marketing is establishing and building brand awareness. The more relevant content that exists and is being consumed by readers, the more highly it ranks on Google; this means that anyone who is searching topics on Google that you’ve written about or addressed in a blog post or white paper is more likely to find your brand at the beginning of their buyer’s journey during these searches. WebFX says this about the potential impact that content marketing can have on brand awareness: “Brand awareness isn’t just whether your audience knows the name of your brand, but it’s how well they understand the qualities that make your brand unique. In order to create this distinction, your content needs to highlight the qualities that set your brand apart from your competitors. Share the details about your company that make it clear what sets you apart from others in your industry and show potential customers why they should choose you over your competitors.”

 

Content marketing software solutions to try for better brand awareness

 

Overall, content marketing can help to increase revenue and customer retention for businesses in every industry. Using content marketing software to help you manage your content marketing pieces process is one way to make sure that your material stays relevant, engaging, and organized. Here are some content marketing software solutions to consider for building brand awareness at your business.

 

1. SproutSocial

As social media is a critical component of your content marketing, a social media tool is important for most brands to help manage the content on their platforms. SproutSocial content marketing software helps businesses better understand reach their audience with advanced analytics and measurement tools, as well as organize and publish content with their calendar and platform publishing tools. Their all-in-one capabilities of listening, engagement, publishing, and analytics help brands not just share content and engage with users but also track the performance of their content to help shape their strategy going forward. They offer a free trial so your business can try their tools and see if there’s a good fit for your needs and goals.

 

2. Story, by PulsePoint

This content management platform helps businesses manage and track the performance of content across multiple platforms. Their tools allow them to scale content distribution across leading social media channels, native platforms, and premium websites at a global scale, reaching significantly more audiences and enabling more brand impressions and brand awareness with customers.

 

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Key Elements of Computer Security You Should Know

 

The security elements or someone’s personal computer is important, but the elements needed to efficiently protect and defend a business’s computer network are further reaching and more complicated. It’s the responsibility of every competent CIO or information security professional to understand what’s involved in protecting and securing a business’s information and digital assets.

 

Data security and privacy concerns have become a major focus on many businesses for both C-suite leaders overseeing strategy and customer experience and IT and data professionals who are responsible for understanding what tactics, techniques, and tools are most likely to help meet the goals of the business. Understanding the major security concerns, and how current trends, software, and other measures can help address them, are key components in creating a solid security strategy. It takes work, then, and the buy-in of several stakeholders and business units to understand and act on the elements of computer security that are important to the success of your business.

 

What are the elements of computer security that modern IT professionals need to know?

 

Most experts would agree that modern computer security includes the following.

 

1. Availability

Availability, as it concerns computer systems, refers to the ability for employees to access information or resources in a specific place and time, as well as in the correct format. It’s important for business leaders to ensure that their computer security elements focus on a systems’ ability to function well enough and consistently enough to ensure that information and data are available and don’t affect user experience. Planning for and protecting against system failure and DDoS attacks, for instance, are crucial in ensuring system availability and an important part of computer systems security.

 

2. Integrity

One educational website notes that “refers to methods of ensuring that the data is real, accurate and guarded against unauthorized user modification. Data integrity is a major information security component because users must be able to trust information.” One way to increase the reliability and integrity of data is through validation methods like blockchain and other software solutions.

 

3. Authenticity

This element of computer security is the process that confirms a user’s identity. One method of authenticity assurance in computer security is using login information such as user names and passwords, while other authentication methods include harder to fake details like biometrics details, including fingerprints and retina scans. The right authentication method can help keep your information safe and keep unauthorized parties or systems from accessing it. In addition to the right method of authentication, providing users with excellent systems, security, and privacy training is crucial in ensuring that users don’t engage with any spam or unsecured emails with links and downloads that could jeopardize sensitive company information. Many times, illicit emails can appear legitimate and training is necessary to prevent employees from accidentally enabling unauthorized access.

 

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5 Elements of Blockchain Use Cases in Human Resources

 

Modern HR is continuing to change, and fast. HR professionals are no longer simply responsible for hiring, compliance, and assisting with payroll. HR teams are now on the hook for creating robust policies that protect both employees and the employer. They’re responsible for finding candidates who aren’t just qualified, but are also a good culture fit and will be able to support the overall mission-critical objectives for the business. HR leaders and executives also need to create policies that help grow a business culture that retains employees and increases productivity. All of these objectives require a new way of looking at the HR business unit and HR practices overall.

 

For HR leaders looking to create more robust HR plans and increase the success of HR objectives, blockchain may be part of the answer. The role and potential uses cases of blockchain have expanded significantly past its introduction to the world as a cryptocurrency ledger. Blockchain can now be applied to not just various industries, but to business units within organizations.

 

Blockchain Use Cases to Simplify HR Process

 

Here is how blockchain is currently influencing HR processes, as well as its promising applications that may make even more possible in the future.

 

1. Payroll

 

Blockchain has already had an impact on businesses looking to simplify cross-border payments and currency conversions. SHRM notes, “Blockchain could also have advantages for payroll, particularly for international payments, which can be costly and delayed because of the many intermediary banks and third parties involved.” They also go on to mention two businesses who have successfully adopted blockchain in their HR financial processes, including a company in Australia called Chronobank who uses blockchain to enable employers to pay their contract workers without relying on banks and also Bitwage, a company in California, who uses bitcoin and blockchain to pay employees in their preferred currency, going from Bitcoin payment and converting to the local currency.

 

2. Recruitment

 

Recruitment is a labor-intensive process that occupies a good amount of the time and budget of HR recruiters and departments. Blockchain can help to streamline the information gathering process. The CakeHR blog notes, “As most of the candidate information usually sourced during the recruitment phase can already be viewed on the blockchain, there’s a huge amount of the process already streamlined. Resumes will be a thing of the past and looking at grades, certificates, work history and experience will be easily verified and visible to people with direct involvement.”

 

3. Background checks and verifications

 

The nature of blockchain means that information is nearly unalterable or that record changes are noted and public. That means it could become a more valuable tool in helping businesses run employment history and verification reports and background checks before hiring. CakeHR notes the value of this by stating, “Being able to verify individuals’ identities, background and work experience alongside real-time information relating to pay and claims will undoubtedly free up some much needed time to allow HR to focus on the more strategic goals of the business.” Since many HR leaders are needing to pivot to increasingly strategic endeavors, this timesaving technique from blockchain technology could enable real business change.

 

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Why Data Integrity is Critical for Human Resources

 
Data integrity is the consistency, accuracy, and validity of data throughout its useful life. Compromised data, in any context, is not useful- and can cause harm. There are numerous ways in which data integrity can be compromised.
 

Data integrity is critical to just about every aspect of a business, but when it comes to the human resources dept. it could easily be argued that every single piece of data is both mission-critical and sensitive. HR data not only contains identity information that would be valuable to thieves, but it also contains a wealth of information that is in the company’s best interest to protect.

 

Threats to HR data integrity may seem numerous, but we can break them down into a relatively small set of categories.

 

Ways data integrity can be compromised;

 

  • Machine error
  • Transcription/Human error
  • Viruses and malware
  • Hackers and/or unauthorized access
  • Disasters; fire, flood, etc.

Why HR Data Integrity is Critical

 

HR data integrity should be viewed as non-negotiable for several reasons. Intact data integrity means searchability, recoverability, and the ability to trace information to its origin. Without the ability to reference the origin of a piece of information its validity cannot be confirmed.

 

Imagine making a key hire, or on-boarding a whole team of entry-level employees only to find out that someone’s credentials cannot be confirmed. Even worse, imagine this situation coming to a head at a critical moment during a major deal where an unverified negotiator turns out not to be who he says he is. It’s a disaster the likes of which might make a good script for a Michael J. Fox movie from the 80s, but it is potentially possible if HR data integrity is compromised.

 

More realistically, however, is a situation where payroll errors stack up and employees are not getting their correct pay. Looking at it from the employee’s point of view, imagine what it would be like to work for a major company for a decade or more, have a solid track record of performance and be ripe for promotion- only to have your performance data wiped out in a flood or cyber-attack. In a small firm, this would be less of a problem. But the larger the organization, the more towering and ominous these kinds of data losses become.

 

How to Maintain and Protect HR Data

 

Fortunately, there are effective ways to secure HR data integrity. These best practices will protect your HR data in almost any event if they are done regularly, completely, and are properly documented.

 

1. Audit Trail Implementation

 

Pertinent data lifecycle phases should be carefully managed using both manual and automated means.

 

2. Deploy Error Detection Software

 

Transcriptions errors and data corruption are next to impossible to track manually. Using error detection software will catch many problematic copy issues.

 

3. Limited System Access

 

By limiting access to key users, it becomes much easier to trace a data integrity loss to its origin.

 

4. Backup & Recovery Procedures

 

Data should be backed up regularly in a managed fashion and old data should be retained for at least six months in most cases for backup purposes.

 

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How to Improve Hiring Process Using Talent Pool Software

 

The massive use of and dependency on technology, smartphones, mobile gadgets, and the internet has greatly changed the way businesses operate. From the hiring process to delivering an end product, most of the tasks within an organization benefit from implementing automation in some way.

 

This brief article will specifically look at best practices human resource managers as well as talent recruiters can use to stimulate the hiring process.

 

Talent Pool Software

 

Talent pool software is generally a technology tool that HR managers use to manage the current and potential employees in an organization. Basically, the talent pool is a huge database of qualified profiles wanting to work in your company.

 

A talent pool software organizes all the potential candidates that have applied for a job position including referred, sourced silver medalists, and other special candidates. As an HR manager or talent recruiter, you might be aware of talent pool recruitment but was you able to take this hiring process to its full potential?

 

Honestly, employing a talent pool software does not only ease the hiring process but also gets you the best candidates available for a particular job. Thus, there is no need to compromise on quality and spend a lot of time interviewing all candidates that applied for a job.

 

Best Talent Pool Practices for Improving the Hiring Process

 

Building a recruitment strategy that is able to combat the ups and downs of the business in a bumpy economy have always been the foremost priority of HR managers and talent recruiters.

 

If you’re baffled by the high unemployment rate, it doesn’t mean that the qualification, skills, and experience an enterprise needs will be readily available. If you have been relying on old job descriptions, your competitors may have already hired the best talent in town – making them a step ahead of you.

 

In this regard, here are some key practices that can fill your organization with top talent in the market:

 

1. Application Tracking System (ATS)

 

The process of hiring the exact talent, nothing more or less, a company needs for a job post is called talent acquisition. It is also referred to as employment brand management that includes learning candidate relationships with previous companies, referrals, sourcing, global talent pool development, tracking, and background checking.

Using an Application Tracking System enables the electronic handling of applications of sourced, referred, and other candidates. ATS can help with streamlining the hiring process, resume management, applicant tracking, delegation, task creation, candidate searches, and more.

 

Last but not least, it is easy to set up an ATS online irrespective of the company needs and business level.

 

2. Performance Management

 

As the name suggests, performance management is the process of developing an adequate work environment where hired people can use their abilities at the fullest. Talent pool software when used in a work environment can help in measuring, rewarding, and evaluating the winning candidates for any firm’s open positions and current positions when it comes to meeting achievement metrics. It also ensures if the organization’s goals are met within the deadline.

 

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Source: http://www.techfunnel.com

Why Chatbots are Relevant for Recruitment in 2020

A study by CareerBuilder found that 63% of American employers are looking to hire permanent, full-time employees. Moreover, Manpower reports that about 73% of employers are experiencing difficulties finding qualified employees. Many positions for skilled-workers remain vacant for extended periods.

 

The human resources (HR) department of companies may not get the same attention as other parts of an organization with it comes to innovative IT deployments. IT budgets are consumed by other key functions such as cybersecurity, marketing, product development, and customer service.

 

It is recommended that HR managers request more engagement in IT budgeting decisions to be able to have the funds needed to implement technology solutions that are cost-effective for HR processes. HR needs more involvement in the efforts made for strategic workplace transformation, such as using recruitment bots more effectively.

 

Chatbots for Recruitment

 

recruitment chatbot is useful for HR efforts to answer FAQ questions and to advertise open positions on social media. An HR chatbot provides a communications platform for prospective employees during the application/interview period and continues seamlessly during the onboarding process. A chatbot system can be used to create a database of pre-qualified candidates and to collect valuable feedback.

 

Answer FAQ

 

The most common use of chatbots in recruitment is to provide FAQ answers for prospective employees. To be effective, the FAQ database needs to be updated frequently with information about new job postings, such as the previous experience and educational requirements for each open position.

 

Many companies are using hybrid human/machine learning recruitment chatbots that first attempt to provide answers to common questions using artificial intelligence programming. If the AI-driven chatbot cannot provide an adequate answer, these questions are passed on to a human for a response.

 

Advertise Job Openings on Social Media

 

Use of a recruitment chatbot, which is advertised to targeted groups on social media and accessible through messenger systems, helps increase the number of qualified candidates. Referrals and contacts can be made through social media focused on professionals such as the LinkedIn system.

 

Many qualified workers are already employed and not necessarily paying any attention to the job market. Recruitment chatbot can capture the attention of people who are already employed. They can get answers to preliminary questions about open positions without necessarily revealing who they are until they are ready to apply.

 

A nice option to offer is the ability to sign up for updates from a recruitment chatbot if a position becomes available for which they have the qualifications.

 

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Communication Updates

 

CareerBuilder notes that most job seekers (81%) appreciate communication updates during the employment interview/selection process. Recruitment bots are a useful tool to keep prospective employees informed of their application’s progress.

 

Chatbots for recruitment can be a part of an applicant tracking system that manages the application process, communications, and any necessary interview scheduling for all applicants. Communication, using a recruitment chatbot, can be personalized with the information from the applicant’s digital record to improve the experience.

 

Onboarding

 

The average time for an applicant to complete the interview process and the evaluation for a new hire is about three weeks. During this period, the potential employee can be guided by a recruitment chatbot to learn more about the company’s culture and mission.

The recruitment chatbot can inform them of similar positions in multiple geographic areas to consider for relocation. This is also an opportunity to ask potential employees to refer others to the system that may be qualified for different open positions.

 

For those applicants who are hired, they can move without interruption into the onboarding process while being guided by the recruitment chatbot.

 

Pre-Qualified Candidates

 

Many companies miss the opportunity to develop an extensive database of pre-qualified candidates from the applicants. This database consists of those who have the necessary qualifications for a position but who are not selected from a group of applicants with similar qualifications. Another position may come up in the future that is suitable for a pre-qualified candidate.

 

In the meantime, the chatbot system can maintain personalized communication with the database of all pre-qualified candidates. Having such a database of pre-qualified candidates to consider for hire always have the potential of improving the HR processes.

 

Additionally, any prospective employee, who is not hired, is treated as a valuable pre-qualified candidate. They do not receive a rejection. Instead, they are encouraged to stay in touch, which improves their experience with the application process. The human staff of an HR department would be overwhelmed if attempting to maintain communication with all the pre-qualified candidates, whereas an automated chatbot system can do this at a scale of millions very easily.

 

About Us

 

TechFunnel.com is an ambitious technology media web property dedicated to technology news, product reviews, and analyzing how technology affects business, finance, human resources, marketing, government, and everyday life. At TechFunnel.com, you will read the latest news and learn our opinion about product releases that are right for you. Watch videos about the latest trends in software, apps, games, AI, and virtual reality. Connect with a growing community of writers and editors who ask questions, seek answers, and innovate along the way in the realm of technology. In a medium that is meant to be effective and efficient, we strive to be both.

 

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D.B.A. TechFunnel.com

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Suite 1004

Frisco, TX 75034

Phone: +1 (214) 295-7705

6 Tips to Choose the Best Cryptocurrency Miner Software

You can make money from cryptocurrency by either trading in them or mining. The venture is risky, and that is why you need to have the proper information to negate against any losses. There are several software’s available in the market, and we will share with you six tips on how to choose the best ones.

 

  1. DO YOUR RESEARCH WELL

You will find a wide range of cryptocurrency mining software in the market, but you need to do your research well before you opt for one. Have a clear understanding of cryptocurrencies, bitcoins, different software, the kind of physical hardware or rig you require, among others.

 

  1. GET YOUR BITCOIN WALLET SOFTWARE

The wallet will give you a place to keep any bitcoin you mine. You have security while giving you easy access if you decide to sell. You can find hosted wallets and those that give you a private key. Some examples of bitcoin wallets include the Lumi Web Wallet, Breadwallet, Co-pay, and Amory.

 

  1. JOIN A BITCOIN TRADING PLATFORM

The trading platform will give you the forum where you can buy, trade, or sell a Bitcoin. It will work in combination with your wallet to allow you to get cash value out of any mining activity.

 

You will also have to decide whether you’re going to do solo or pool mining. A mining pool brings together miners to split their rewards according to the work each puts in towards generating a block of transactions. Solo mining, on the other hand, requires a miner to work alone, so you do not join any pool. Income may not be as stable as pool mining, but you do not pay any fees.

 

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  1. CHOOSE THE RIGHT CRYPTOCURRENCY MINER SOFTWARE

You have a wide range of cryptocurrency miner software available, and with proper research, you will know which the best is for you. Some of them include:

  • CGMiner which is quite common, and you get benefits such as remote interface capabilities, new blocks self-detection, CPU mining support, among others.
  • BTCMiner is an open-source platform with USB interface, and FPGA supported board. You can choose your frequency, and you do not require a license to operate.
  • EasyMiner runs on Linux, Android, and windows. You can also use it with CGMiner software, and it has a graphic user interface.
  • MultiMiner works with BFGMiner has an intuitive interface and is excellent for beginners.
  • Bitminer is compatible with GPU and CPU mining rigs. It is very popular because it is flexible software.
  • RPCMiner works with MAC OS and is therefore popular with people who prefer not to work with Windows.
  1. COMPATIBILITY

The cryptocurrency Miner software must be compatible with the software you will use. Make sure that it is compatible with your OS. most will work well on Windows and Linux. Others like RPCMiner will only work with MAC OS.

 

Pay attention to the hardware you use. Some of the cryptocurrency software will only work with ASIC devices, while others will only work with GPU miners. Others also have certain limitations; for instance; Windows will not handle more than 8 GPUs from Brands like 8 GeForce GTX and 8 AMD Radeon.

 

  1. OTHER CONSIDERATIONS

CHECK FOR THE FOLLOWING WHEN CHOOSING YOUR CRYPTOCURRENCY MINING SOFTWARE:

 

  • Coin Support: Many people are familiar with bitcoins, but there are more cryptocurrencies in the market. You are better off going with software that can handle multiple cryptocurrencies.
  • Graphical user interface (GUI) and Command Line Interface will determine how easy the software is to use. The latter may be harder for a beginner.
  • Mobile and web support will allow you to monitor activities wherever you are.
  • We have shared with you the necessary steps when choosing your cryptocurrency mining software. You should have a proper understanding of the one you want so that you can get maximum benefits from it.

 

About Us    

BusinessWorldIT is the most comprehensive online news website dedicated to delivering up-to-date news, trends, and opinions relevant to investments, startups, and developments surrounding innovative technologies. Covered topics include but are not limited to: artificial intelligence (AI), virtual reality (VR), augmented reality, automation, cryptocurrency, blockchain, and the Internet of things (IoT). Whether you are an information officer, developer, computer systems analyst or just someone who is interested in innovative technologies, Business World iT exists to help you stay up-to-date on how the current state of technology is evolving and how innovative technologies will shape the future.

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Suite 1004

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Best Virtual Reality Programming Languages

The virtual (VR) industry is definitely the most exciting one in the stock market right now.

By definition, “Virtual reality is an interactive computer-generated experience taking place within a simulated environment that incorporates auditory, visual and other types of sensory feedback.”

 

Virtual, augmented and mixed reality technologies are drawing millions of dollars in investments. The market is expected to reach a cap of $150 Billion by 2020. Moreover, these immersive technologies are on track to transform entertainment and to dramatically influence industries such as healthcare, tourism, sports, education, and manufacturing.

 

As a matter of fact, NASA is using the technologies to train astronauts and to share a walk on Mars.

 

“When your technology is headed to space, and bringing space to our classrooms and living rooms, you know it’s something big,” says Michael D. Gallagher, President and CEO, Entertainment Software Association (ESA).“We’re on the precipice of widespread adoption of one of the most engaging, fun, and truly groundbreaking innovations of the last two decades.”

 

With such an increasing demand and diverse application, this technology has a very high potential to get stock prices tumbling. Therefore, techies such as Mark Zuckerberg have placed huge bets on virtual reality.

 

Therefore, here are four programming languages you can start with to develop enticing VR experiences and take a bite out of the future of tech:

 

#1. JAVASCRIPT

 

JavaScript is one of the easiest and most diverse languages one can learn in order to create and develop exciting and innovative VR experiences. Engineers have created a huge collection of tools and instruments over the JavaScript dialect, opening up the language and it’s application to whole new dimensions. One of JavaScript’s greatest advantages is that it enables engineers to create a framework for desired output.

 

#2. JAVA

 

Created at Sun Microsystem and owned by Oracle, Java is an object-oriented programming language that is probably the best choice for beginner and intermediate level programmers. Java can be particularly great to build algorithms such as language processing, search and neural network algorithms, all of which are essential aspects of any online VR application. Moreover, there is JAVA 3D API which enables VR application to generate 3D images, track the position & orientation of user’s body parts. This helps create mindblowing VR experiences.

 

#3. C++ (UNREAL)

 

Most of the developers consider C++ an “expert” language. One important contributor to this image is that this language is very difficult to learn, and is very extensive by nature. A fair number of AAA titles are created through C++. For VR applications that are enormous, confounded and require precise executive delivery, C++ is definitely the right choice.

 

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#4. C# (UNITY)

 

Unity is definitely the MVP (Most Valuable Player) in VR programming and C# is the language used to create Unity applications. C# is, without question, the most diverse language there is – it can create programmes for PC as well as Android and iOS platforms and operating software. The majority portion of any VR application is always coded in Unity. If you wish to create programmes that run and grow on data and insights gathered from VR applications, unity is the way to go.

 

These are the top 4 languages that you can use in order to create an engaging, exciting and innovative virtual reality experience.

 

About Us    

BusinessWorldIT is the most comprehensive online news website dedicated to delivering up-to-date news, trends, and opinions relevant to investments, startups, and developments surrounding innovative technologies. Covered topics include but are not limited to: artificial intelligence (AI), virtual reality (VR), augmented reality, automation, cryptocurrency, blockchain, and the Internet of things (IoT). Whether you are an information officer, developer, computer systems analyst or just someone who is interested in innovative technologies, Business World iT exists to help you stay up-to-date on how the current state of technology is evolving and how innovative technologies will shape the future.

Bython Media Inc.

D.B.A. Business World Innovative Technologies

8668 John Hickman Parkway

Suite 1004

Frisco, TX 75034

Phone: +1 (214) 295-7705

8 Essential Elements of Performance Management Systems

As a human resources leader, it is important for you to prove your value to the organization by ensuring you choose the best team members for each department. It is no small feat especially when you must fulfill many requirements in any given day. To help you ensure that your organization is in good shape, consider using the following elements for establishing and maintaining a working performance management system.

 

1. Reward and Compensation

 

Every employee deserves to be appreciated and compensated for the time they have invested in serving your company. Rewards and benefits motivate employees to perform because it is not in vain. Note that monthly salary does not pass as reward and compensation, especially if it is the same for every employee on that level. A bonus should come special and is one of the most effective known performance management strategies after promotions.

 

2. Manager Reviews

 

Because the managers oversee various departments, it is crucial to understand their relationship with their employees. By allowing employees to review their managers, you can more quickly assess the performance level, leadership style, and influence of your managers. and assign someone with the right qualities to lead a team.

 

3. Development and Improvement

 

Some employees need to be motivated more for them to bring out their best. If an employee is going to complete a task ahead of schedule, for example, they have plenty of time to find if there are any improvements. An effective performance management system can be implemented to help ensure consistent development and improvement for employees and for the tasks they work on. However, this is the kind of performance management system should be implemented with much caution so that you don’t become a bully boss.

 

4. Succession Planning

 

In most situations, employees do not work in the same place or position forever. This is a real situation that employers need to be prepared for. That is because some of the employees that leave the workplace, some of them hold an unbeaten record of perfect performance. Therefore, it is wise to have a succession plan to transfer skills from one employee to the other to ensure gaps are covered in the interim.

 

5. Performance Monitoring

 

It is critical to track the performance of your employees because it is likely the only way of finding out where improvements are necessary. Also, you can have your employee’s track their performance, and this will help them improve because they will know if they are too reluctant.

 

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6. Goal Setting

 

Any organization has a purpose and targets to meet. Most times, employees understand what is expected of them, as most of them are professionals who have learnt their skills specifically for that job position. Without an understanding of what the CEO or senior management of a company is aiming for, all the skills and knowledge of your employees could potentially be useless. The employees usually set the goals, and the managers implement to ensure that everyone keeps their word.

 

7. Ongoing Feedback

 

Always ask for feedback from your employees if you want to ensure a well-rounded and supportive HR department. That way, you will be avoiding dealing with unexpected issues. Continuous feedback also makes it easy to track your employees and know if there are any development needs necessary to enhance their performance.

 

8. Outcome Management

 

It is not always guaranteed that the best team of employees will get the job done. The outcome can go both ways, and as the manager, you must be prepared to handle both. Paying employees according to their performance is one of the right ways of managing outcomes. That is because they will enhance employee performance knowing that they can earn much more when they work harder.

 

A sound employee management system should be comfortable for both employers and employees. For the best results, most organizations implement several employee performance management elements. It is, however, encouraged that before implementing any strategy, get to understand your CEO more and get the clear picture. That way, you will know the right skills and talents to hunt for. Additionally, it will help you understand better the kind of employees’ management system that will work correctly.

 

About Us

 

TechFunnel.com is an ambitious technology media web property dedicated to technology news, product reviews, and analyzing how technology affects business, finance, human resources, marketing, government, and everyday life. At TechFunnel.com, you will read the latest news and learn our opinion about product releases that are right for you. Watch videos about the latest trends in software, apps, games, AI, and virtual reality. Connect with a growing community of writers and editors who ask questions, seek answers, and innovate along the way in the realm of technology. In a medium that is meant to be effective and efficient, we strive to be both.

 

Bython Media Inc.

D.B.A. TechFunnel.com

8668 John Hickman Parkway

Suite 1004

Frisco, TX 75034

Phone: +1 (214) 295-7705

How to Leverage Chatbots in Travel Industry?

Depending on the organization and its needs, chatbots can be powered via artificial intelligence, with the innovation making huge waves in galvanizing customer service. Global research and consulting firm, Gartner notes in a study that by 2020, about 85% of consumer interaction will be handled by a nonhuman, with chatbots being at the forefront of this change. Chatbots have several benefits that go beyond just answering customer inquiry — they can be used to collect information, complete business tasks, and reduce overhead costs.

 

A chatbot does two things — businesses do not need to waste time answering questions, and customers who are inquiring will have the answers to their inquiries in seconds. It also helps businesses save money since it does not need to outsource certain aspects of the customer experience.

 

As more small businesses and larger organization ask developers and IT professionals to create a chatbot, there will be an increase of unique chatbots that will augment the customer experience. When leveraged correctly, a chatbot will help reach more people with meaningful interactions.

 

Here is how developers and business owners can leverage chatbots, taking advantage of their unique benefit in ensuring organizational productivity and efficiency.

 

Leveraging Usage of Chatbots in Travel Industry

 

1. Using a chatbot to increase Facebook page views

 

If you use Facebook pages as part of your marketing campaign, you will find that chatbots can improve engagement. The Facebook algorithm enables messenger to automatic open every time someone visit. This is done automatically if you are driving significant traffic.

 

In your settings you can enable a greeting to invite people to converse, exposing your online readers to an intuitive chatbot that will field questions and inquiries for you. So, whether you are using the chatbot to initiate conversation or to answer questions, that person will be added to your sales funnel — without any sort of intervention from your part. Facebook’s chatbot can gather email addresses and phone numbers attached to the inquirer’s Facebook account. Suddenly your chatbot has transformed into a type of live email capture software.

 

2. 24/7 customer service

 

One of the unique benefits is that the chatbot will deploy at a moment’s notice – regardless of region or time. This is ideal for travel agencies and marketers since they will most likely deal with customers in different time zones.

 

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3. Personalization

 

An important aspect of the customer experience is personalization, an aspect that makes customers feel appreciated and valued. A chatbot that is used in an e-commerce store, for example, can help differentiate your platform from competitors who don’t deploy chatbots as soon as the customer lands on their web properties. Airlines tend to have a monopoly in the travel industry, but there are smaller players who can benefit from engaging interactions with the help of chatbots. Cruises, travel agencies, and lodging programs can ensure that travelers have a way of connecting with pertinent information on a whim’s notice.

 

4. Engage with people who leave comments

 

Facebook’s chatbot will initiate with anyone who comments on your Facebook business pages. This can be leveraged to give unique readers different offers. For example, if someone comments on a Facebook Live session, then the chatbot can say something akin to thanking them for their view or their like, and if they comment, they will be sent some sort of free report or coupon.

 

5. Customer Retention

 

It’s always going to be an excellent customer service experience. As more people become familiar with chatbots and their functionality, they will slowly become the norm in the customer service experience. They can help businesses to keep current customers instead of going through the expense of obtaining new.

 

With the help of chatbots, airline agencies can satisfy a customer’s need for instant service delivery. The chatbot can also empower businesses and ensure that travelers stay abreast with the trajectory of their travels.

 

About Us

 

TechFunnel.com is an ambitious technology media web property dedicated to technology news, product reviews, and analyzing how technology affects business, finance, human resources, marketing, government, and everyday life. At TechFunnel.com, you will read the latest news and learn our opinion about product releases that are right for you. Watch videos about the latest trends in software, apps, games, AI, and virtual reality. Connect with a growing community of writers and editors who ask questions, seek answers, and innovate along the way in the realm of technology. In a medium that is meant to be effective and efficient, we strive to be both.

 

Bython Media Inc.

D.B.A. TechFunnel.com

8668 John Hickman Parkway

Suite 1004

Frisco, TX 75034

Phone: +1 (214) 295-7705