Tag: digital

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Web 3.0 Tech

How to mine bitcoins? In Europe

How to mine bitcoins? In Europe

Written by : joel nzoda on Digilah (Tech Thought Leadership)

Bitcoin mining is rarely a profitable business for individuals. Bitcoin ‘s popularity has generated huge competition which makes it inaccessible.

Most often only industrial sites manage to profit from this activity. Before you venture into this adventure, I invite you to read the (already old) testimony of Greg Ryder and to visit the space dedicated to mining on the Bitcointalk forum .

Note in passing the existence of companies that practice the “cloud mining” and sell computing capacity to their customers who receive in exchange the fractions of mined bitcoins, after deduction of management fees. Be careful though, some services are often very disappointing, when it’s not just pure scams. In general, even if practiced seriously, cloud mining is rarely profitable.

Practiced on French (or European) soil, cryptocurrency mining is only recommended for people who have, for domestic purposes, their own green electricity generator (solar, wind, geothermal, hydraulic) without having the possibility of reselling production surpluses on the public network.

Another possibility to make mining rational in France is to use the heat produced to produce hot water, this is the proposal of the French startup WiseMining.

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HR Tech

Strengthening EM/PM partnership is the key to success in a software shop

Strengthening EM/PM partnership is the key to success in a software shop

Written by : Shyvee Shi on Digilah (Tech Thought Leadership)

📍 What does a PM (Product Manager) do?


PMs articulate the WHY through strategy, define the WHAT through prioritization, and play a supporting role for the HOW. 

📍 What does an EM (Engineering Manager) do?


EMs work with their teams to figure out HOW the product should be built (e.g., tech stack, frameworks, and architecture, etc.), WHO builds it and WHEN it will ship.

🔑 What are the expectations of an EM in a Tech organisation?

▪️ Active involvement in product brainstorming
▪️ Highlight technical complexity of a solution
▪️ Drive technical execution and decisions
▪️ Empathy for user and business needs
▪️ Manage sprint planning + retro
▪️ Embrace big picture thinking
▪️ Assume positive intent 

In a software shop, many roles cross paths on a daily basis but not more than the Engineering Manager (EM)’s and the Product Manager (PM)’s path.

🤝 This partnership is the one that not only ensures successful delivery of software but also things like motivation, transparency, alignment, prioritization, innovation and everything in between.

Starting from exploring the importance of this partnership, to setting the right expectations and sharing best practices. 


Here are five tips to strengthen the partnership: 👇

1 Build a relationship


This is one of the most critical relationships you will ever have at work. And just like any other relationship, you get what you give. Do not leave it up to chance. Get to know each other, understand each other’s goals, priorities, communication preferences, working style, etc. Schedule regular sync-up meetings and invest the time to deepen the relationship. 

2 Get on the same page


Make sure you represent a united front and be the cheerleaders for the team. There is nothing worse than a conflicting set of priorities for a team and ensuring that doesn’t happen starts with you two.


3 Assume Positive Intent (API)


The heading says it all. It’s busy, there is a lot going on at all times. There are many communication channels and oftentimes you end up doing or saying something that the other person doesn’t agree with. It’s okay. Assume positive intent. Reach out, verify, and reassure the trust.

4 Communicate early and frequently

This one cannot be emphasized enough. There should be a direct line of communication between the EM and the PM. Share even if you think it’s something trivial. Share your concerns, ideas, progress, feedback, and any other developing stories necessary. 

5 Shorten the feedback loop

 

🤝 The HOW part is a collaboration as both sides need input from each other to choose the optimal solution.

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Logistic & Travel Tech Web 3.0 Tech

What is virtual reality and why are aged care providers embracing it?

virtual reality

Written by : Colin Pudsey on Digilah (Tech Thought Leadership)

If you’ve been looking around at new ways to support your residents, chances are you’ve heard the words “virtual reality” being offered as a new idea. Maybe you’ve even seen pictures of people wearing headsets and waving their arms about.

But what is virtual reality, or VR, and why is it making such an impact in the aged care space?

Immersive beyond belief

Virtual reality is a simulated environment that looks and feels incredibly realistic. A key tool for using VR, is the headset, which allows you to explore this digital space by looking up, down and all around you. Unlike a computer or tablet which has a fixed field view, virtual reality adapts to your head movements to immerse you in a rich 360-degree, 3D environment.

This means that putting on a virtual reality headset feels like stepping into a completely different world. But the big question is, what can you do in this immersive virtual space?

The impossible becomes possible

Anything you can imagine! For the adrenaline seekers, how about skydiving, swimming with dolphins, or racing in an F1 car? For those looking for a calmer escape, maybe chilling out on the beach, exploring a tropical rainforest, or visiting a museum?

The technology is limitless, and it can even allow us to experience things that are impossible – a trip to mars perhaps? Or walking around the interior of the Titanic? VR can make that happen too.

That all sounds fun, but we’re talking about older adults here. Why would care providers be so keen to take their care recipients out of the four walls of a facility (virtually)?

Virtual experiences with clinical benefits

The answer lies in research, and whilst these experiences are certainly fun for all ages – they’re anything but frivolous. 

Virtual reality experiences have been shown to improve the quality of life in older adults. 

Participants in an American study were “less socially isolated… less likely to show signs of depression” and “feeling better about their overall wellbeing”. Another study from Taiwan revealed that VR “can provide older adults with the confidence to get involved in social activities”.

So, it’s clear that VR can have a range of positive impacts on care recipients. But the most exciting benefits of all, are linked to who we are as individuals.

A personal journey

Imagine being able to visit a childhood home, a church you were married in or a place you went on holidays with your family? For those of us born overseas, what about taking a journey back to experience familiar sights and sounds, and reconnect with your culture? Maybe a faith-based pilgrimage or personal spiritual practice?

VR is at its best when it’s partnered with a deep understanding of the individual and what’s important to them and that’s how innovative care providers are getting the most out of VR.

By building upon their strong connections with the individual, carers can deliver meaningful personalized experiences that leverage the power of VR to connect to identity.

For all walks of life

No matter what stage of life an individual is at, virtual reality may provide engagement, excitement, and an opportunity for connection.

Particularly for those of us supporting a loved one with dementia, as VR has been shown to “positively affect the cognitive and physical functioning of those with mild cognitive impairment or dementia”.

And what could be more important for someone living with dementia, than to reconnect them to their true self, their culture, and their loved ones. Now we’re really pushing the dial with “joy”!

Sometimes what’s important isn’t a clinical benefit…

Going beyond the clinical

What is immediately apparent when you try on a VR headset is that it’s like magic. Whilst there may be benefits in wellbeing and cognitive function, it’s an experience to bring wonder, enjoyment, and positive emotions and this can be supercharged when sharing the same experience in a group VR setting.

Any tool that can help bring significant and measurable joy, happiness, and excitement to the life of care recipients is one that’s worth exploring.

Ultimately, that might be the driving factor in the growing use of VR in the aged care space, a growth that’s led by innovative companies.

Changing Lives through Virtual Reality

Melbourne based virtual reality startup, SilVR Adventures, has been taking care of recipients on shared virtual reality experiences since 2019. 

Providing a turnkey VR solution to care providers across Australia and New Zealand, they enable care team members to take people with a variety of needs on immersive, group VR experiences.

Our content focuses on storytelling, emotional journeys and reminiscence therapy. We want to build engaging and inspiring experiences for older adults, no matter what stage of life they’re at.

With the largest library of world tours, spiritual journeys, and bucket list events, we’re experimenting with new ways to engage care recipients. But the real magic happens when the headset comes off.

Creating meaningful connections

The most powerful moments in working with VR are the social connections it stimulates.

“We’ve found that the winning formula is taking people on adventures together. They’ll have an amazing time travelling the world or experiencing something brand new, then the headsets come off and they’re chatting about where they went, where they want to go to next and sharing memories and stories from the past. It’s incredible to watch!”

And it’s clear that aged care providers agree too, with some around Australia establishing weekly ‘Travel Clubs’ to build camaraderie and friendship through shared experience across multiple sites.

We’re super excited to be able to connect up to 40 participants around the world in a shared virtual reality experience, then have them meet in a digital space afterwards like our virtual café and chat about it.

The ability to link people couldn’t have come at a better time with restrictions and lockdowns significantly increasing feelings of isolation, loneliness, and depression among our elders.

The future of the technology

Virtual reality has made great strides in the past few years, but it still has an exciting journey ahead. With companies like Facebook and Google making big investments in the space, it’s clear that the technology will continue to grow and develop.

There’s room to grow in the personal care space too, with VR companies pivoting away from residential facilities and beginning to offer services to be used in home care too.

“So far there’s nothing on offer for people in the home, that’s why SilVR Adventures is thrilled to be launching our home care solution in 2021. We’ll be able to support older adults aging in place with enhanced connections and deliver meaningful virtual adventures, in their own home – and that’s something to get excited about.

A rich and incredible virtual world

As we head towards 2023, there is still a lot of uncertainty, but whatever happens it’s clear that we need to find new ways to stay connected and engaged, and that couldn’t be truer for those of us receiving care.

Leading aged care providers around Australia are increasingly turning to the immersive power of VR as a potential tool for reducing isolation, improving wellbeing, and strengthening connections. 

Very soon personal carers in the home will be taking this technology for a spin too.

Watch a video to see how our seniors are enjoying themselves with the new found Virtual reality – https://www.youtube.com/watch?v=XYDr9PAQLMw

MOST SEARCHED QUESTION

What is virtual reality and why is it important?

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Digi Tech

I am Neelam Agrawal

Written by : Neelam Agarwal on Digilah (Tech Thought Leadership)

I am a passionate digital marketer and co-founder of our Digital Marketing Agency, “Brandstrate Solutions”. 

After a break of 7 years from corporate life, performing my duties as a full-time homemaker, my second innings started during covid times as a sales manager and that’s when I realized my capabilities and the evolving technology and digitalization. All these put together, my aspirations took a new flight and “Brandstrate Solutions” came into existence and we started ‘Brandstrate Solutions’ with just one idea and a laptop and a few leads in hand. 

During Covid 2019, we saw the biggest digital transformation ever. 

To name a few,

Transactions changed from cash to Debit/credit cards to fully Digital Gpay/payTM, Phonepe mode. 

Schools and educational institutes were forced to understand the nuances on online teaching and educationalists had to become tech savvy to support the learning process.

Even hospitals and the health care fraternity apart from covid care had to establish a digital presence and connect with technology to take care of their out-patient treatments. 

Product based companies surviving just with in-store purchases had to look for new promotion strategies to promote their product/brand.

During lockdown, many companies struggled to create their digital presence, and as an experienced Senior Business Development Executive with a demonstrated history of working in the marketing and advertising industry and skilled in 

Analytical Skills, Communication, Marketing and Project Management, my passion for work took a new turn…a one stop solution for all digital marketing needs. 

Technology is impacting the way we; digital marketers organize our client’s budgets. Where traditional marketing efforts meant spending money on newspaper or TV advertisements, we, digital marketers utilize technology such as Google Analytics. With investing resources into search engine optimization (SEO) , we improve the ranking of our client’s website so that they are able to target specific keywords and attract website traffic from their target audience.

From internet-of-things technology and remote collaboration to AI and business data analytics, new technology has and continues to greatly impact business marketing. 

To start, more devices than ever before are connected to the internet.

In a single day, you could be checking your email on your laptop, scrolling through Instagram on your phone, and binge-watching Netflix on your smart TV. Internet-of-things technology has resulted in a large network of smart devices meaning unprecedented opportunities for new lines of business and increased revenue.

Thanks to technology, we as digital marketers have more data and tools at our disposal, and are able to devote more resources to tasks that drive business growth and bring in revenue. 

Some digital marketers are adopting a multi-channel, multi-device approach to accurately track consumers through their entire buyer’s journey. They are doing this instead of just looking at the last touchpoint before the purchase occurred. AI and machine learning offer impressive tracking and analytics capabilities. This makes it possible to determine which touchpoints are most effective in leading to a conversion.

Social media channels like Instagram, Pinterest, Facebook etc have innumerable stories of businesses that started with just social media presence and through proper marketing and campaigning are way ahead of their competitors. 

Businesses must adapt the way they do business in order to keep up with advancements in technology. It’s equally important to stay up to date with how technological advancements are influencing consumer expectations. For example, Instead of hiring (and paying) someone to help with customer service issues, you could use online chatbots to assist with communication.

In the ever-evolving landscape, I am glad to be able to serve newbies in the business network through Brandstrate ‘s new technology supportive strategies. Our happy clients, their testimonials and their revenue graph become self-explanatory when it comes to Brandstrate’s contribution into effective marketing.

Thanks, NEELAM

Most searched question

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AI Tech Art Tech

How Technology can help India’s Traditional Craftspeople

How Technology can help India’s Traditional Craftspeople

Written by : Suki Iyer on  Digilah (Tech Thought Leadership)

A recent conversation with a friend got me thinking of the intersection between technology, design, the preservation and flourishing of traditional handicrafts, and communities. 

The Indian handicraft industry is a highly labor intensive one, with more than 7 million artisans, a majority of whom are women and largely underprivileged.

This industry, which is traditionally a major source of revenue generation in rural India, has been in decline (though there have been several efforts to support it), and has been hit hard by the pandemic as well. 

What are the glaring gaps in the market for traditional craft? (specific to India, but this could apply to the world as well). To my mind the key gaps are in design, and in business building capacities. 

Local artisans lack the ability to meet the needs of new markets and are forced to find low unskilled employment in urban industries. One of the major factors contributing to this is that artisans are not trained to contemporize their designs. 

In this article, I’d like to focus on design and the role technology can play in meeting the current gaps. 

While some work has been done on modernizing design, a lot of craft continues to center around traditional design, often not appealing to modern sensibilities, and thus not being able to build the foundation of a sustainable business. How can technology help? For example, AI techniques have been leveraged for emulating creativity and imagination – for image generation, style-transfer, image-to-image translation; for pattern generation, and color-transfer etc.  

An interesting study (Raviprakash et al., May 2019) describes how AI techniques can be used to contemporize design, while keeping the underlying technique unchanged. It generated colored motifs and patterns that can be manufactured into physical products. This study experimented with using AI on the popular IKAT weave. Unlike other dyeing techniques, in IKAT the yarn is dyed BEFORE it is woven. This is what gives it its unique shading effect. This property was harnessed by the researchers to create a contemporary design. 

A picture containing text Description automatically generated

The researchers first used a black motif using an AI technique trained on a set of 1000 paintings from a famous European painter, Piet Mondrian, and their gray-scale counterparts. The simplicity of these paintings along with the use of only primitive colors made them an ideal choice for our approach, since the model is able to learn primitive colorization of a motif from a relatively small training dataset. 

The model used a generator which colorizes the input and a discriminator that learns to distinguish between the real paintings and the colorized images. The discriminator’s output determines the loss of the generator, which the generator tries to minimize, effectively colorizing images to make them indistinguishable from real paintings. 

These motifs were re-colored with colors of an inspiration image using a statistical approach of global color transformation, and the design was post-processed to a grid that could be readily used for dyeing, as each cell is of a single color. 

Products manufactured with designs generated using the above approach are found to be much more visually appealing than their traditional counterparts in the present market. Local artisans used these designs to manufacture and sell products successfully. A person painting a picture Description automatically generated with medium confidence

There are several such examples of how technology can modernize craft without compromising on the underlying uniqueness of a particular craft technique. 

Investments need to be made in building such design capacity amongst artisans so they can once again take their place as valued centers of their communities. 

Suki Iyer

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Logistic & Travel Tech

eVTOL Aircraft Market To Enlarge At a Remarkable CAGR Of More Than 21%

Written by : Nisha Naroliya on  Digilah (Tech Thought Leadership)

Electric Vertical Takeoff and Landing (eVTOL) Aircraft Technology

Electric vertical take-off and landing (eVTOL) are some of the latest innovations in the aerospace industry. eVTOL vehicles are electric and function more like a drone. 

Large omnidirectional fans assist the aircraft move in various directions and even take off vertically. While designs vary between developers, most seem to resemble the drone form. The future of aerospace mobility deliberately relies on electric vertical take-off and landing (or eVTOL). After years of research and development, a new vehicle class is kicking off to emerge. If eVTOL aircraft reach mass adoption, it could change the way of moving people and cargo.

A new market research study by Value Market Research is forecasting that the global eVTOL Aircraft Market will record healthy growth during the time period 2020 and 2027 and will progress at a CAGR of 20%. 

Also, the study projects that the market would accomplish a worldwide valuation of $ 275 million by 2027 with continued opportunities in key enabling technologies, such as aviation-grade batteries, propulsion systems, and electric motors, eVTOL ground infrastructure, and composite materials.

The growing urban population is leading to increasing road traffic congestion in urban areas and is promoting market growth. For instance, according to the United Nations (UN) report, by 2050, about 70% to 80% of the global population is estimated to reside in cities. This has also led to an upsurge in the eVTOLs for air-taxi services. Moreover, air-taxis are intended to meet future demand for regional commutes ranging from 30 miles to 300 miles, thus driving the demand for eVTOLs. With the usage of eVTOLs in the air-taxi services form, aerial travel will be an affordable transport dimension over shorter places.

Along similar lines, the growing need to augment operational efficiency, and to decrease in human intervention for intercity and intracity transportation by means of eVTOLs, are positively influencing the electric Vertical Take-off and Landing (eVTOL) aircraft’s market growth.  There are several companies and municipal corporations currently working on eVTOL aircraft manufacturing for air mobility solutions,” remarks a study analyst.

Key players in the market such as Volocopter Gmbh, Joby Aviation, Lilium Gmbh, Ehang Holdings Ltd, Airbus SE, and Boeing Co., and others are trying to establish a foothold in regional and global markets. Their strategies majorly revolve around engaging partnerships with governments, technical service providers, infrastructure developers, and public associations. There is a huge level of product innovation, which has led to intense product competition amongst the market participants. Along similar lines, conventional growth strategies such as mergers, acquisitions, and expansions will continue to shape the competitive structure. 

On these lines: In 2020, Japan’s SkyDrive and German Volocopter were planning to commercialize eVTOL in Japan by 2023.

In the same year, Bell Textron declared that they are partnering with Japan Airlines and Sumitomo Corporation to determine the on-demand air mobility ecosystem growth in Japan via Bell’s Nexus 4EX eVTOL air taxi.

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Digi Tech

Digitally Yours

digitally yours

Written by Shivam Sharma on Digilah (Tech Thought Leadership)

In today’s time, technology is even in the deepest corners of each and every existing community of this world.

If I specifically speak about my own journey as an avid user of technology, I’ve been using technology ever since it came into popularity, but the density of use just multiplied by magnitudes when the pandemic hit.

Post-pandemic, things started bending towards creating content rather than just consuming it. Until the pandemic hit, I only used the technology towards a certain tangent and to a limit, which usually included digital classrooms, emails and just some YouTube videos. But, post-pandemic, the limit just became limitless with every dimension, everything just changed. 

Things like LinkedIn and Twitter came into my life and with that, creating content became a part of my life henceforth the digital journey became even more vivid and deep. You see, with the purge of this digital era, every single person on this planet has started building their own “digital personality” which generally comes with a cost, the cost of mental stability. Talking about myself, obviously, I am not the same person as I am on any social media platform, because it is just a part of my overall personality and not my only personality.

My journey has been very amazing because I have been witnessing the process of progress in the digital world ever since and it feels genuinely amazing to be a part of such a generation.

I mean with platforms like Google Meet, Zoom call or even Skype you can technically meet any human being in any corner of the world. With platforms like Notion you can basically create a second brain of yours with everything in and out of your brain and even your mind. 

With platforms like WhatsApp or messenger you can essentially talk to anybody without even meeting them.

With platforms like Slack and Wurker you can just make a virtual workspace altogether, just like your office.

With things like your own mobile phone or laptops you can just do whatever you want to and possibilities are just endless, literally, you may start tens of businesses just by an internet connection and a good laptop or workstation.

With things like Google Maps or any maps, you can just hop on to any place in the world in your choice of comfort!

 I, in my personal as well as my professional life, have been using such beautiful and radical pieces of technology and they have made my life much more efficient, all because of obvious reasons.

As a concluding note, I would just like to mention a cliche which is indeed the truth of the century, which is, “life wouldn’t have been fair without digitalisation”, also now that every digital element is it smartphones, laptops or even the internet is becoming so pocket-friendly with an amazing durability and quality, this saying just makes even more sense!

As you can probably see in the featured image, everything and anything which is visible is pretty much possible because of the digitalisation of major elements of life, be it communicating (telling and listening, not just hearing), expressing, sensing, feeling etc. 

Most searched question

What are the three types of digital technology?

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HR Tech Digi Tech

TODAY’S WORK ENVIRONMENT AND DELICACY OF TECHNOLOGY 

hr tech

Written by: Shubhra Aggarwal on  Digilah (Tech Thought Leadership)

“Our future success is directly proportional to our ability to understand, adopt and integrate new technology into our work”- Sukant Ratnakar

Workplace technology is growing exponentially. From the industrial age to current day, technology has changed manifolds. Not only has it helped in increasing productivity, it has also made “Work from anywhere” super easy and a reality.

Due to modern interpersonal communication technology, employees communicate more clearly and that’s leading to better results.

The onset of the global pandemic reshuffled the world of work. Businesses digitized themselves and shifted to working remotely overnight, all thanks to technology. With flexible workforces and mass adoption of remote and hybrid work models, many untapped talents are now shining bright. With talent not being restricted by geographical boundaries, both employers and employees are participating in the “Gig Economy.” Moving on an exponential growth trajectory, the gig economy workforce is projected to increase 3X from 7.7 million in 2021 to 23.5 million in 2030.

With every pros, comes the cons and the same is true for technology.

From separating employees by screens creating miscommunications, to the world of automated voicemails that can make customers upset, many believe that “Old is Gold.”

At the same time, with greater flexibility due to Work from Home or freelancing in the gig economy, people are often working overtime, over the weekend and even while sick. This has disbalanced the “Work life balance” and has mentally affected many people. From burnout, insomnia to depression, all have risen with more stress.

According to Technology and Innovation Report 2021, every spurt of progress has been associated with sharper inequality between countries. New technologies can have severe downsides if they outpace a society’s ability to adapt. To benefit from frontier technologies, countries need to promote their use, adoption, and adaptation, while addressing their potential adverse effects. 

Moreover, International cooperation should: 

Build stronger national capacities in STI,

Smooth technology transfer,

Increase women’s participation,

Improve foresight and technological assessment and promote inclusivity.

Moreover, Policymakers should direct technological change towards meeting societal needs and reducing inequalities; developing countries should adopt frontier technologies while continuing to diversify their production bases by mastering existing technologies; social protection systems should be strengthened to provide safety nets to workers who may lose their livelihoods.

Everything is a boon and a brain, it depends on us how to take it. To make technology a boon, effective communication, connectivity, being flexible but not insensible is the key! We must master the art of balancing our work and our life, otherwise we might not enjoy the super delicacy that the technology provides!

Most searched question

What role does technology play in today’s workforce?

What are the 10 advantages of technology?

What are the effects of technology on employees?

Most searched queries  

Impact of technology on organizations

Beneficial and ill effects of technology in work

Negative impact of technology in the workplace

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Web 3.0 Tech

INTRODUCTION TO BLOCKCHAIN AND METAVERSE

blockchain

Written by : joel nzoda on Digilah (Tech Thought Leadership)

GOALS

    • Define blockchain
    • Characterize a blockchain
    • Usefulness of blockchains
    • Web 3.0 and the Metaverse
    • NFT or non-fungible tokens and their usefulness

BLOCKCHAIN 

Developed from 2008, blockchain is, first and foremost, a technology for storing and transmitting information. This technology offers high standards of transparency and security because it works without a central control body. More concretely, the blockchain allows its networked users to share data without an intermediary.

Source : https://www.jlconsulting.fr/media/BS_20190614_BlockChain.png

CHARACTERIZE A BLOCKCHAIN

In practice, a blockchain is a database that contains the history of all exchanges made between its users since its creation. Its main characteristics are:

    • The identification of each part is carried out by a cryptographic process

    • The transaction is sent to a network (or storage “node”) of computers located around the world.

    • Each “node” hosts a copy of the database in which the history of the transactions carried out is recorded. All stakeholders can access it simultaneously

    • The security system is based on a consensus mechanism of all the “nodes” each time information is added. Data is encrypted and authenticated by “data centers” or “miners”. The transaction thus validated is added to the database in the form of a block of encrypted data (this is the “block” in blockchain)

    • Decentralized security management prevents transaction tampering. Each new block added to the blockchain is linked to the previous one and a copy is transmitted to all the “nodes” of the network. The integration is chronological, indelible, and tamper-proof.

Source : https://www.economie.gouv.fr/files/files/2019/infog-block-chain.jpg

USEFULNESS OF BLOCKCHAINS

The blockchain represents a major innovation that is used in particular in the banking sector. Indeed, historically, blockchain technology was developed to support transactions carried out via cryptocurrencies/crypto-assets (including bitcoins which are the most well-known form) and which have the main characteristic of not depending on an organization centralizer (like a central bank) and to be international.

But its use is not limited to cryptocurrencies. Many fields and sectors of activity, commercial or non-commercial, public or private, already use the blockchain or plan to do so in the years to come. The uses of blockchains and other technologies include:

    • In the banking sector, technology opens up the possibility of validating transactions without the intermediary of a clearing house, which should make it possible to certify transactions in much shorter timeframes. The blockchain can also promote the sharing of information between competing players in a financial centre while respecting the secrecy of their commercial data and, in doing so, facilitate the management of common structures or instruments by reducing contact costs and administration fees.

    • In the insurance sector, the contribution of the blockchain is due, for example, to the automation of reimbursement procedures and the alleviation of certain formalities at the expense of companies and their customers, provided that the assumptions and conditions of compensation and damage are clearly established.

    • In the logistics sector, the blockchain has two interests:

    • ensure product traceability, as well as the memory of the various interventions on a production and distribution chain.

    • reduce formalities and create the conditions for cooperation between actors in a sector, particularly in terms of information exchange. This use could also find an application in the agri-food sector for food traceability, particularly interesting in the event of a health crisis.

    • In the energy sector, by authorizing the exchange of services and values outside a central management body, the blockchain potentially creates the conditions for implementation on a more or less large scale depending on the technical capacities of local networks. production, exchange and resale of energy to balance supply and demand at all times, which is a major constraint for electricity networks in particular.

But many sectors are potentially affected by the use of blockchain technology: health, real estate, luxury, aeronautics, etc.

Using blockchain has many benefits, including:

    • The speed of transactions thanks to the fact that the validation of a block takes only a few seconds to a few minutes.
    • Security of the system, which is ensured by the fact that the validation is carried out by a set of different users, who do not know each other. This protects against the risk of malicious intent or hijacking, since the nodes monitor the system and check each other
    • The productivity and efficiency gains generated by the fact that the blockchain entrusts the organization of exchanges to a computer protocol. This mechanically reduces the transaction or centralization costs existing in traditional systems (financial costs, control or certification, use of intermediaries who are remunerated for their service; automation of certain services, etc.).

WEB 3.0 AND THE METAVERSE

As conversations began to shift from Bitcoin (BTC) to other larger crypto projects such as Ethereum network upgrades and central bank digital currencies, or CBDCs, media coverage would suggest that widespread adoption of crypto is already well advanced. But it is clear that the majority of people do not know what it is.

The Metaverse (in English) or Métavers (in French) is a generic term for technologies that make it possible to create an entire (virtual) digital universe like our real universe. This universe can be extremely detailed and include a wide variety of different worlds, often also called virtual environments. People can join this Metaverse using different technologies and interact with each other. However, instead of being present in person, the user creates an avatar which is their representation in the Metaverse.

Source : https://i0.wp.com/stylistme.com/wp-content/uploads/2022/02/Metaverse-guide-tuto.png?w=1280 HYPERLINK “https://i0.wp.com/stylistme.com/wp-content/uploads/2022/02/Metaverse-guide-tuto.png?w=1280&ssl=1″& HYPERLINK “https://i0.wp.com/stylistme.com/wp-content/uploads/2022/02/Metaverse-guide-tuto.png?w=1280&ssl=1″ssl=1

However, the Metaverse doesn’t just want to be a massively multiplayer open-world gaming platform (RPG MMO). It is already beginning to be a virtual space where people work, earn money (by spending it), meet people, and invest in real estate. In short, where you can live another life.

Technologies like Augmented Reality (AR) and Virtual Reality (VR) are important levers for the Metaverse, as they will help create an incredible sense of immersion in another’s skin and in another universe. However, there is one project that may well facilitate mainstream adoption of crypto: Web3.

To better understand the evolution of these two technologies, an illustration between Web2 and Web3 as support for the Metaverse.

Source: https://i0.wp.com/stylistme.com/wp-content/uploads/2022/02/Web-3.0-evolution-Internet.jpg?w=1024 HYPERLINK “https://i0.wp.com/stylistme.com/wp-content/uploads/2022/02/Web-3.0-evolution-Internet.jpg?w=1024&ssl=1″& HYPERLINK “https://i0.wp.com/stylistme.com/wp-content/uploads/2022/02/Web-3.0-evolution-Internet.jpg?w=1024&ssl=1″ssl=1

NFTs (NON FUNGIBLE TOKENS ) AND THEIR USES 

NFT are the three initials of Non-Fungible Token, which translates to non-fungible token. That doesn’t necessarily make things any clearer. Therefore we must detail the notion of “non-fungible”.

For example, bitcoins or €100 bills are fungible. Even though each note is unique, it will have exactly the same value as another €100 note. The first mined bitcoin, no matter what platform it is on or who owns it, is the same value as a recently mined bitcoin stored in another wallet.

Conversely, works of art or concert tickets are non-fungible. Something that is not fungible cannot be replaced or divided. It’s unique. They are objects of the same nature, but which have their own characteristics and their own usefulness.

We talk about “tokens” when they are digital units, which are exchanged with blockchain technology: 3D visuals, objects in a video game, or even a piece of land in a fictional universe.

The NFT can therefore be defined as follows: it is the digital title of ownership of a non-fungible token. NFTs can be classified into different categories according to their nature and usefulness:

    • collectibles: a collection of digital objects, or a work of art for example.
    • metaverses: virtual worlds.
    • online gaming tokens.
    • utilities: they provide a service to their owner.

Some NTFs may belong to more than one category. They are traded on online marketplaces dedicated to NFTs, connected to the blockchain.

                                                                                                           The value criteria of an NFT: This young technology has a future ahead of it, but it could lead to some abuses. Many investors seek to speculate on this trend which, although it is a resounding success, is still very volatile and full of scams. The vast majority of sold works and NFT projects will never have value, simply because no one wants them.

Some NFTs have artistic value: They are works valued independently of the fact that they are digital, in the same way as a painting in a museum. The blockchain does not have a preponderant role in the evaluation of their price, it is simply the art market. Overall, price is defined by what an artist’s fan is willing to invest.

The value of an NFT can also depend on its usefulness: Becoming a member of a club, meeting other holders or the artist himself, being more powerful in a video game, acquiring and showing a certain social status, etc. .

BIBLIOGRAPHY

My name is Joel Nzoda Consultant in Digital Marketing, Junior Blockchain Developer, Junior cyber Security Consultant and Expert in blockchain technologies. I hope I have been able to bring value to each other, I remain attentive. Discover my activities on social networks.

Twitter: https://twitter.com/boschdigital I Linkedin: https://linkedin.com/in/nzodax

Instagram: https://instagram.com/nzodax I Facebook: https://facebook.com/nzodax

Medium: https://medium.com/agencedigitalenzodax I Tiktok: https://tiktok.com/nzodax

Tumbr: https://tumbr.com/superexpertdigital I Email joelnzoda@gamail.com I Whatsapp: +237693241257

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Web 3.0 Tech

UNDERSTANDING THE MERGE

Written by : Makongue Tobbo Gilles Camille on Digilah (Tech Thought Leadership)

To understand the term Merge, it is important to master certain operating mechanisms of the Blockchain, such as the proof of work (Proof of work) and the proof of stake (proof of stake) algorithm consensus.

The proof of work: is a mechanism by which the different machines (represented by miners) on a blockchain network validate transactions on that network, through a consensus algorithm in this case the proof of work consensus algorithm. Proof of work is done using a set of machines (computers, CPUs, GPUs, Asics etc.) driven by humans called miners. A miner’s role is to secure the network by validating transactions as they appear on the blockchain.

Basically, each transaction corresponds to a mathematical equation whose solution is unknown, when a transaction is carried out on the Bitcoin network for example, the miner whose machine will have the greatest computational capacity will succeed in solving the mathematical equation hidden behind the transaction initiated, will be rewarded with an amount of crypto (Bitcoin) into his wallet. This process is called mining. 

Once the transaction has been validated by the winner (miner having validated the transaction) all the other machines (nodes) must validate and approve the transaction as well so that a copy of this transaction will be shared on all the machines involved in the mining process.

This mechanism makes it difficult or even impossible for a hacker to modify the content of the transaction. The hacker will have to modify the copy of that transaction at the same time on more that 50% of the miner’s machine that constitutes the whole network. 

Generally, several entities or people join forces and create what are called mining pools in order to have an important computing power in order to validate a large number of transactions faster. The proof of work remains one of the most secure computer systems in the world. although it has certain limitations such as high energy consumption, low transaction speed, and high transaction costs to name a few. 

It is important to recall that the Blockchain Ethereum has also been operating under proof of work since its creation in 2015 and wanted to change the consensus mechanism for ecological and scalability reasons. Several alternatives have been proposed to overcome this problem, but one of the most important ones remains the Proof of Stake consensus algorithm.

Proof of stake: validates transactions on the network using money staked in wallets. Here to validate transactions on the network, unlike having a machine (GPUs, ASICs) whose computing capacity must be huge, validators must store a require amount of crypto (money) in their wallet defined by the developers of the blockchain in question, so they can participate in securing the network by validating transactions. The higher the amount, the more likely the validator is to validate a transaction, and in return earn some reward (money in the form of crypto).

In order to prepare for the transition from proof of work to proof of stake, the developers of the Ethereum blockchain set up in December 2020 a network called Beacon Chain (Consensus Layer) which is a separate blockchain from the Ethereum mainnet, running in parallel but never having processed any transaction on the main network. The Beacon chain uses the proof of stake consensus algorithm.

The MERGE is simply the fuse of the main Ethereum network (main net) which works under the proof of work with the Beacon Chain which works under the proof of stake consensus. 

One of the objectives of MERGE is to reduce the significant energy consumption generated by proof work consensus algorithm. It is important to remember that The Merge is only the first step for a total migration from proof of work to proof of stake for the Ethereum Blockchain. There are several others steps such as:

Ø The Surge: whose objective will be to increase the number of transactions per second commonly called scalability so that the Ethereum network can reach the up to hundred thousand transactions per second. To carry out this step, the developers will use a network partitioning technique called sharding, which consists of dividing the network into several parts called shards, so that the transaction processing calculation will be shared among the network, therefore more digestible and faster.

Ø The verge: which will make it possible to set up the Verkle tree (an improvement of the Merkle tree) which will allow network participants to be validators without having to store a large amount of data on their machines (computers).

Ø The Purge: which will be a continuation and improvement of the previous step “the Verge”

Ø The Splurge: which will constitute a series of updates to the Protocol.

What we must remember from this important step (The Merge), the transaction costs will not be reduced, the transaction speed will not change either, since all these improvements will be integrated into the future steps listed above. On the other hand, what will change, will be the reduction in Energy consumption of nearly 99%, the issuance of tokens which will be reduced by 90% (the quantity of tokens in circulation will reduce), and the reward system as well.

I am a freelance Blockchain consultant, reach out to me and I would love to help you more on this future technology. 

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HR Tech

As we digitize, we need to humanize

Written by : Lori Figueiredo on Digilah (Tech Thought Leadership)

Co-create learning that has strategic impact, scalable reach and sustainable deployment

Ongoing waves of next generation technology…

As a learning strategist, I have been an early adopter throughout several waves of “next generation technology”.  In various forms, technology has always been and continues to be a very powerful enabler of learning.  This happens only when it is used as an integrated part of a learning strategy targeted to achieve pre-defined and measurable positive impact on performance (of the people and organisation).  

 

Recurring patterns 

I found the patterns and the simple rules within this complex world of people, performance and purpose, while working and learning globally with a diverse range of organisations from corporates, NGOs, governments, educational institutions to start-ups.

As technology evolves, some things remain the same…
The range of ways, in which humans react to any new technology, remain the same.  How we learn, how our brains work and the psychology of learning, remains the same. 

The paradox…

What has truly expanded is that we have more and more diverse, innovative, and impactful ways of how organisations could be enabling learning.  In addition, the pace, complexity and volume of what needs to be learned and unlearned has increased.  

Yet many organisations are still on the old island taking lecture-based classroom “training” &/or existing course content, which was not impactful in the first place and turning it into AI powered digital courses, virtual classrooms &/or even virtual reality experiences.

Formally support formal and informal learning

Let’s go back to the basics.  As a lifelong observer of people, I believe we have a natural capacity to learn, an innate wisdom as well as a need for connection and shared purpose.

Therefore learning works (i.e. has an impact on capabilities, behaviours and results) when we formally support both formal and informal learning.  Learning works when we respect our fellow human beings.  Learning works when we innovate with integrity leveraging the best in human psychology and the latest in technology.  As we digitise, we need to humanise.

Enabling the 3 ways we learn naturally

There are 3 ways we learn naturally.  In addition to this being based on research, take a moment to reflect on your own natural habits every day.  These include leveraging a combination of:

    • Digital Learning = Education via content available 24×7

    • Action Learning = Experiences to apply the learning while working

    • Social Learning = Exposure to learn from/with others

Organisations can therefore formally support learning as a daily habit by enabling a clear PROCESS which combines the 3 ways we learn.

Life is our classroom

Furthermore, every minute of the day we are presented with learning opportunities.  The millions of dollars invested in low-impact, high-cost learning solutions is a crime and defies basic common sense.  

It costs very little for any organisation to enable ongoing learning as a daily habit. It costs very little for the teams doing the real work, for example, to use their iphone cameras &/or basic PowerPoint to capture and share their tacit knowledge (Digital Learning).  

You do NOT need to do contrived role plays and irrelevant activities in a classroom when it costs very little to consciously apply what has been learned in the workplace (Action Learning).

In conjunction with the above, it costs and takes very little to reflect on and discuss with each other, experts, practitioners, coaches &/or mentors what has been achieved and what can be improved (Social Learning).

Observing and learning with high performing teams and organisations, I found 5Ps are always in place and aligned.  When we get the right PEOPLE together and support them to co-create a shared PURPOSE.  Thereafter, we put in place clear PROCESSES and the right PLATFORMS (online and offline) using clear guiding PRINCIPLES.  This creates a safe space that enables people to learn, adapt and improve as a daily habit.  

We found this applies irrespective of whether you are working with and upskilling underprivileged youth in the rural areas, private bankers in the big cities, operators in a factory, leaders in a board room or the frontliners of a popular restaurant brand.  

Technology amplifies, aggregates, increases accessibility and more…

What we are highlighting is that high performing organisations and teams create safe spaces to learn, adapt and improve every day.  They fail fast and learn faster.  Many call these agile teams and draw from the practices part of the agile approach, innovation and human centred design.  I draw on these and practices from development and cognitive psychology.

Whatever our source, how we learn and evolve as a human race from prehistoric times to today and in future, there is nothing that is completely new.  (Wall art and papyrus scrolls was the ancient form of technology (= makes things easier) and their form of digital learning available 24×7).

What continues to evolve is that technology takes what we do, accelerates and amplifies our efforts in ways that are even more scalable and sustainable.  For example, a great speaker can create and instantly broadcast a relevant and meaningful message company-wide to thousands of people in a few minutes using a live video.  

Technology allows us to aggregate, integrate and increase accessibility by bringing all the learning resources via an integrated or single front-end platform – from content, people to experiences.

Technology allows us to use AI such as sourcing very widely and then in seconds recommending relevant learning resources based on the Learner’s profile, needs and interests. 

Technology is allowing us to distribute, consume, exchange and track learning and its impact on results using web2 such as learning experience platforms and now web3 technology such as the blockchain, NFTs and virtual reality spaces. 

Design for impact; Don’t lead with technology

Yet as we leverage technology as an enabler of learning, the entire strategy must be designed for impact.  We must not lead with technology.  The technology as an enabler comes last in the design process.  We can also reverse engineer and then iterate the original design as we learn more about new ways technology can be used.  

We must design the end-to-end experience focusing on the human elements, human experience and impact. 

Digital learning using learning technology as a standalone, without the human element in the real-life context, will not impact performance.  It will not impact a change in our behaviours and results.

In addition to this – why learning technology is deployed and what capabilities it develops must consider human or soft skills.  Soft skills have never been more important.  Human intelligence combined with artificial intelligence is still the best combination.  For this and many other reasons, developing our empathy, resilience, problem solving and communication skill sets and mindset, as examples, remain as critical future skills as the hard technical skills of any role.
If we innovate with integrity leveraging the best in human psychology and the latest in technology – as we digitise in business, society and learning, we will remain human-centred.

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Med/Health Tech

Health tech a boon to Women’s health

Written by : Bhawana Yadav on Digilah (Tech Thought Leadership)

Women’s health is the most neglected sector, even after multiple attempts of bringing attention to it on different horizontal and vertical levels. According to WHO health is the culmination of the physical, mental, emotional, and spiritual well-being of an individual. 

A woman starts her biological journey from the onset of puberty, fertility years, and menopause, and till life continues. 

LevelUpForWomen, a women’s health and wellness-based startup working on the niche of reversing PCOS was co-founded by partners Chetan Arora and Bhawana Yadav. Polycystic Ovarian Syndrome is a common endocrine disturbance that affects roughly 6% to 12% of women of reproductive age. The data is still insufficient as most of the women go undiagnosed due to several factors in their lives and the lack of PCOS-based specific scientific research and developments.

 The startup was conceived based on personal experience and lack of guidance by the medical fraternity for the initial years of bearing with PCOS symptoms. It is currently bootstrapped and is already on the profitable side from the business perspective. 

Technology has been a boon for women’s healthcare, especially in the post-pandemic world. It can be looked at from both the sociological and economic lens to arrive at the conclusion that healthcare and technology are a great combination for the knowledge and wellness revolution. 

In a research conducted by Mckinsey, they analyzed 763 FemTech companies (FemTech a term coined by entrepreneur Ida Tin) largely tech-based and enabled, consumer-centric solutions addressing women’s health, excluding biopharma and incumbent medical devices as well as the companies which included unisex services.

It concluded the beginning of the FemTech revolution and domination in public awareness and generating large-scale funding, However, the services were earlier limited to menstrual products, devices, and applications. 

New startups like LevelUpForWomen have proven to be a one-stop virtual healthcare and wellness platform. 

In our experience and case studies, technology in terms of social media has become a great tool for social awareness and probing to take an action even if you are sitting in the far remote corner of the country.

It does not just act as a catalyst and solution provider to the direct consumer but also a great medium to sensitise other genders and generations which have hushed over women’s reproductive health for centuries. 

In the post-pandemic world, the mental and physical health of women has undergone a major toll, being the bearer of family and trying to manage work-life balance has become even more difficult. The results are visible in hormonal imbalances, increased stress, anxiety, and depression cases. Women feel safer reaching out to judgement

-free healthcare solutions online rather than visiting traditional clinics where the approach is the same as it was 20 years ago. 

The FemTech revolution in the healthcare industry is still in a nascent stage and will take time to be accepted in Tier-2 cities with fewer apprehensions but it is the dawn of the future.

Women are finding a supportive community via these technological mediums and a platform to grow and heal and restore balance in their lives. These developments promise a tomorrow where health tech will not just expand the female consumer-oriented business but also provide an opportunity for groundbreaking research and growth for sustainable women’s health. 

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HR Tech

How technology affects the work environment today?

Technology

Written by Shweta Rautela on Digilah (Tech Thought Leadership)

In the prevailing scenario, Technology has perpetually converted the way people across industries do their work.

From the past two decades digital evolution has improved working conditions immensely. It has augmented productivity and made working from anywhere accessible.

I am going to shed light to some of the upsides and downsides I have witnessed with the emerging technology trends.

⏩ Team Collaboration made easier:

Thanks to the virtual communication tools, it allows us to work more closely even as we work remotely. Team collaborations have been simplified. People don’t have to be present physically at the same place.

Video conferencing, meeting remotely and working on the same stuff at once with cloud based file sharing has made our life easier.

Automated follow-ups and customer service using AI messaging has outperformed the heavy lifting.

⏩ No longer need to stay at the Workplace:

Major impact of digital evolution in the workplace is the workplace itself. Majority of workplaces still ask you to work on-site, there are plenty of positions open to work remotely all over the country.

Advancements in global job hunts have given wings to our fulfillments and outlived the restrictions to our capabilities. We can freelance from anywhere. Organizations can hire potential candidates half a world away.

⏩ Efficiency and Incessant Speed:

Technology is the real boost. Employees have become systematically structured than ever before. What used to be a cumbersome tiring process is now done in seconds. Messages can be sent instantly to colleagues and clients across the world. Payments, billings and proposals can be taken care off immediately.

🚫 Some of the downsides include anxiety due to increased working hours. If you work from home it may feel like you are never out of the office. Flashing, pinging constantly draw Employees back to their jobs.

The learning curve to implement new methodologies separating employees by screens leads to miscommunication. Being glued to systems disrupts people and automated voicemails sometimes can make clients upset.

In a nutshell, technology in the office environment has encouraged productive habits. Organizations with advanced approaches may consider the gains in efficiency from technology as a reason to slow down as opposed to rushing the process. 

I hope employees one day will get notified to take a break instead of handling more work related demands.

 

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Mar Tech

Opportunities with O2O Commerce (Online-to-Offline)

O2O commerce

Written by Gunalan R on Digilah (Tech Thought Leadership)

Many brick and mortar businesses have put new retail and omnichannel strategies on their agenda. The pandemic has pushed many consumers, like us, online. But yet, different sets of consumers still long for the in-store experiences. 

On another note, companies, now, have to battle with a mix of high inflation, consumer behaviour and changing trends. With big brands like Walmart and Shopify laying off their workforce, there is a significant uncertainty in the retail industry.

That said, all sectors of the retail industry had embraced technology solutions to accelerate the pace of digital transformation. 

For the many of our beloved retails brands, offline-to-online commerce (O2O) is the solution. 

O2O integration is where retailers use online and offline to provide improved customer experiences. It’s a strategy to convert traffic from ecommerce into offline sales. 

A report by Forrester notes that while online shopping is projected to grow to 27% of overall retail sales by 2023, consumers are rethinking the in-store experience – with 40% of adults in the US saying they enjoy shopping in stores less than before the pandemic.

A hybrid O2O retail model bridges the two channels with a single strategy – elevating in-store shopping with digitally-enhanced experiences, while providing enticing virtual environments online. As customers become more experience-driven, the gap between ecommerce and physical stores is further reduced, with completely re-imagined customer journeys.

Virtual shopping with live digital support

Online shoppers can be instantly connected to skilled in-store staff to explore products. Customisable web widgets for live chat, audio and video calls can be leveraged for instant customer service or virtual shopping experiences. These widgets can also be activated by clicking web links – which many businesses design in their branding as buttons or images on their websites, inviting shoppers to enjoy tailored shopping experiences.

Digital platforms connect customers to staff best suited to their needs, while delivering rich customer insights. 

They can even follow up with the customer over their preferred instant messaging and social media channels for better relationship building – even sending special offers and deals exclusive to that customer.

Many of us know QR codes where customers can scan them for shopping, provide product information and make payments. 

Another way is to bridge the divide between in-person and virtual environments through QR codes. This blends the O2O shopping experience. For example, sharing of QR codes in marketing campaigns and advertisements, or sending a message on your Facebook Pages can transform them into a powerful communication platform. Strong retail relationships can be built through live chat, instant message platforms, virtual number or video calls and more. A QR code linked to a cloud-based omnichannel solution can help you to build a 360° customer profile with minimal effort.

Humanising your brand to nurture customer relationships

Modern customers have come to expect almost immediate responses to their queries. If you keep them waiting, or force them to navigate through a complicated procedure to answer their question, you will miss opportunities and risk losing customers to the competition. Another key differentiator is quality of service – which the right technology platform can help with, through the power of data.

By building close relationships through on-demand communication, staff can give guidance to customers based on their unique preferences, habits and order history, ensuring a fully personalised journey. This is vital, given that 86% of customers cite an emotional connection with staff as a reason to continue doing business with a brand.

Inspire loyalty from existing and new customers by building a brand that they love through a total customer engagement platform. 

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Logistic & Travel Tech

Happy employees are key to achieving goals

Happy employees are key to achieving organizational goals

 

Written by Kiran Sidhu on Digilah (Tech Thought Leadership)

Great top-down leadership doesn’t end at laying down the groundwork. A good business leader knows that a people-first mindset is key to a company’s growth. It is a fact that staff satisfaction tends to reflect on their productivity and loyalty. And who better to represent your company than a loyal and happy employee?

Business travel today is one aspect of work that is very much changed from how it was pre-2020. It is an area that business leaders must acknowledge has a direct impact on employee happiness. Travel risk and trip preparations call for more energy and closer attention to detail in order to achieve quality business trips. 

But it is not just “how” business travel is done that has changed. Companies are also assessing the “why” and assessing the rationale behind each trip. Business travel is often pitted against video calls though the former is proven unrivaled in forging connections and winning deals. However, paying more attention to the purpose of travel is worth doing to achieve greater employee happiness, less risk and save costs.

Are employees happy to travel for business? 

The novelty of jet setting for work can wane over time – no one likes long layovers, delays and crowded airports. But the bleisure trend shows no sign of slowing. On top of that, people want to deliver their best work and excel in their careers. And research shows that face-to-face meetings and business trips yield better business results. Whether employees like to travel for business comes down to a matter of preference and support. 

This is where business travel management makes all the difference, not just to those traveling but also to employees in human resources, finance, managers, and other roles. Modern travel management empowers employees to choose how they travel within the parameters of the company travel policy. Travel management done right lets employees know they are well protected, trusted and valued. The culture of a company is determined by how people feel at work.

Here’s how modern, technology-driven business travel management keeps employees happy.

Peace of mind with risk & safety tools

Safety is not just about having a policy in place but communicating it well to ensure employees know how they are covered. Employees having peace of mind is invaluable, especially when in a new and unfamiliar environment. Feeling safe during business trips positively impacts confidence and unwittingly equips them to do better work.

 Your company travel policy may cover how employees are taken care of if something goes wrong but using a modern travel management tool ensures you stay proactive in preventing untoward incidents. 

Global disease outbreak? TruTrip’s integration with Riskline, for example, alerts you ahead of time so you can choose your next course of action – whether repatriation, treatment or other support. 

Employees achieve more when admin tasks are fewer

Business travel requires careful planning, budgeting and reporting. When done manually, one business trip creates spillover tasks for human resources, finance, team managers, travel managers, administrative staff and the traveler itself. That’s a lot of time that can be saved through streamlining and automation.

Using a travel management platform frees up your employees’ time, letting them do more of the work they take pride in. No more booking and comparing flights and hotels on different platforms; researching travel requirements; reimbursements and reporting; lengthy back and forth travel approvals and requests, and arcane company travel policy. 

Overall, it sets your company up to do more and better meet your goals.

Empowering employees to make travel choices 

Company travel policies inform employees of budgets and other rules to comply with. But despite the best of intentions, business trip bookings and expenses may sometimes fall outside the confines of travel policy. Using a travel management platform takes away the challenge of implementation. Set up your company travel policy and bookings are automatically compliant. 

Instead of restricting employees to booking with certain hotels and star ratings, smart policy implementation lets them choose travel based on their needs and preferences – whether that is direct or connecting flights, unique accommodation types and other trip extras. Select a travel management partner that gives you extensive travel choices. These minor customisations can go a long way to ensuring business traveler satisfaction. 

Support and service at every stage of your business trip 

A dedicated support team that’s one call, chat, or email away at all times can take the edge off traveling in a high-stress environment. Quality travel management gives you easy, self-service options to make planning business trips a breeze. And at any point, if you need help, having someone to talk to makes for a better overall experience. 

But it is not just pre-trip that support is useful. Employees having access to the right support while on business trips are critical. Things can go wrong when traveling – missing travel documents, injuries, bad hotel experiences and more. Your travel management partner is your dedicated point of contact to help resolve issues for you. 

TruTrip makes business travel enjoyable and safeWith our modern technology and tools, employees can better dedicate their time to organizational growth. There is no better time than now to get started on impactful business travel. To learn more about TruTrip, schedule a demo or sign up for a free trial.

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Why are happy employees essential for a successful business?

What are 10 ways to motivate employees?

 

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Benefits of happy employees

Happy employees are productive employees

 

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