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More Companies Are Rushing to Hire A Chief AI Officer — But Do You Need One? Here’s What You Need to Know.


Opinions expressed by Entrepreneur contributors are their own.

This spring, the U.S. government took an unprecedented step: requiring every U.S. agency to appoint a chief AI officer. This follows on the heels of companies across diverse industries adding similar roles to their leadership ranks.

This is a move in the right direction for companies seeking to integrate AI, but it’s not enough on its own. Yes, every company must become an AI company. But expecting a chief AI officer to get the job done alone is shortsighted.

When businesses are confronted with a major technological shift, often their knee-jerk reaction is to stick with what they know: Putting a new executive in charge and hoping they can solve everything. But for AI to truly take root in a company, people at all levels of the business need to get their hands on it and start innovating, not follow orders from a gatekeeper in the C-suite.

In fact, the fastest way to integrate AI into a company, in some instances, maybe to skip the chief AI officer role altogether.

Related: The Future Founder’s Guide to Artificial Intelligence

Why having a chief AI officer might not make sense

Companies appointing a chief AI officer have good intentions as they seek to avoid getting disrupted by the technology. But they may not need this role, and any business adding it should assume that it’s temporary.

A useful comparison is the stampede in the middle of the last decade to appoint chief digital officers to oversee the digital transformation to internet and mobile technologies. In hindsight, that looks quaint.

Experts pronounced CDO the next big executive title, but it often turned out to be little more than window dressing — especially when digital skills became table stakes for most employees. In recent years, companies have been ditching the role or folding it into other jobs. In digitally native businesses, it doesn’t exist at all.

Google, for instance, never had a CDO directing how employees use web technology. Instead, they empowered employees to explore tools on their own through initiatives like 20% time, setting the stage for innovations such as Gmail.

Likewise, AI-native companies don’t have an executive overseeing AI. That would be redundant. At companies like mine, the technology is embedded from day one across the organization rather than siloed in a single role.

By default, we all leverage AI. Our marketing team uses it to better understand our customer base, our engineers deploy it to help write code, and our customer support leans heavily on AI agents. AI is written into every role, much like digital literacy now is at nearly all companies. Of course, there are areas of our business where we could use AI more and better, but making that happen doesn’t call for a specific job title. It’s everyone’s responsibility.

A better way to usher in an AI transformation

But I realize that not every company is built from the ground up on AI. So, how can legacy companies make real strides in integrating the technology?

In place of the top-down response to organizational change, consider a bottom-up approach. For a company that wants to usher in an AI transformation, the first step is to look across the roles you’re already hiring for and pick a few where AI agents can do the job today.

Customer service is an obvious place to start — today’s AI agents can now address most issues at least as well as humans. AI sales development representatives (SDRs) are also making an immediate impact, automating much of the toil involved in pursuing prospects. Another promising area — junior data analyst roles, which often consist of pulling information from reports. Then there’s coding. Autonomous software engineering agent Devin and OpenDevin, its open-source rival, can step in here.

Choosing the right technology partner to provide AI tools is equally important. When it comes to customer service, for example, companies should look for a vendor whose AI agents have a track record of resolving most issues without human intervention. Rather than following a script, they should have some ability to reason, drawing on past interactions and the conversation at hand to determine the best solution for each customer’s unique problem.

Then, it’s important to treat your agents more like employees than like a piece of software that will work straight out of the box. Onboarding, measuring and coaching — the same steps you’d take to develop any new hire — are essential to get the most out of AI tools.

The upside here is having team members experiment with AI begins to build AI expertise inside the company. For example, my company works with a financial services firm where AI employee manager has become a key position. Former customer support specialists there now teach AI agents new skills that add value throughout the business — thus making themselves an indispensable member of the team.

Companies can even make driving productivity gains via AI a criterion for career advancement. To get promoted, an employee must show their manager how they’re applying AI to deliver results for the business.

Related: How Generative AI is Revamping Digital Transformation to Change How Businesses Scale

The next stage: Those departments grow into mini centers of excellence that spread AI knowledge and best practices throughout the organization. Team members educate the rest of the business on how to hire and coordinate AI labor. AI becomes integrated into day-to-day business operations in a way that’s hard to achieve with an exclusively top-down approach.

Of course, there’s no one best way to take a company through an AI transformation. For legacy industries and large enterprises, a tandem approach — combining top-down and bottom-up — may prove a better fit.

At the very least, organizations that want to get the transformation right should think about how they can help AI bubble up through the ranks, rather than just rush to hire a chief AI officer simply because others have taken that step. As AI permanently changes companies from top to bottom, it’s just a temporary solution.



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The Daily Beast’s Hiring a Full-time Lauren Sánchez Reporter


Lauren Sánchez has found herself in the public eye, thanks to her high-profile engagement to Amazon founder and billionaire Jeff Bezos — and now one national news outlet is looking for a specialized reporter to cover her every move.

The Daily Beast announced that it is looking to hire a full-time senior reporter to cover Sánchez and her daily dealings — from business to social to space.

“The Beast plans to cover tech moguls and their ecosystem, as part of the site’s return to its roots as a ‘smart tabloid,'” per Axios.

This follows trends of other publications, such as USAToday and the Tennessean, which have hired specialized Taylor Swift and Beyonce reporters in an attempt to make sure full coverage of the subject is reported.

Related: Lauren Sanchez Gives Vogue Details on Jeff Bezos Engagement

Not much is known about the specifics of the role, though Joanna Coles, the outlet’s new chief content officer, wrote on Instagram that she was accepting applications through [email protected], and told the New York Post that benefits and salary would be comparable to other senior positions listed at the company, which range between $100,000 and $200,000.

“I’ve never seen anybody land on the radar of Americans as fast and as brilliantly as Lauren Sánchez,” said Coles, who is the former chief content officer of Hearst Magazines. “I’m just very excited to find out all about her. There is no detail too small that I am not fascinated by.”

Sánchez is a licensed pilot and former TV anchor who is currently serving as the Vice Chair of the Bezos Earth Fund, which just announced it is donating $100 million to AI efforts that fight climate change.

Related: Lauren Sánchez Is Heading to Space on a Girls Trip

The Daily Beast did not immediately respond to Entrepreneur‘s request for comment.



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Keep Inspiration in Reach with Nix Color Sensor, Now $60 for One Week Only


Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

When running a business, it’s important to keep your company’s branding in mind around the clock because you never know when inspiration might strike. For example, when choosing a color palette for your design materials, you don’t have to stick with whatever you come up with off the top of your head. Live with it. Go out in the world, and when you see the right colors, you’ll know it.

Now, to get the exact shade that inspires you, you’re going to need to show up at the paint store or on Photoshop with more than just “yellow.” That’s where a color-matching sensor comes into play. From April 15 through 11:59 p.m. PT on April 21, you can get the Nix Mini 2 Color-Matching Sensor on sale for just $59.97 (reg. $99).

This pocket-sized scanning device can scan any surface and match it to any of over 100,000 brand-name paint colors, as well as sRGB HEX, CMYK, and LAB colors. Once you scan a color, you can access the color details via the Nix Paints and Nix Digital apps available on Android and iOS devices. From there, you can take that information and use it to get the exact color you want for your branding materials.

Craft the branding of your company and your product to your exact specifications, and never stop perfecting it. Empower yourself with tools like this color-matching sensor, which is remarkably affordable.

From April 15 through 11:59 p.m. PT on April 21, you can get the Nix Mini 2 Color-Matching Sensor on sale for just $59.97 (reg. $99).

StackSocial prices subject to change.



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Grab Microsoft Project Professional 2021 for $20 During This Flash Sale


Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

If you’re in charge of a business and you don’t have a clear understanding of how to approach projects in an organized and effective manner, that’s a problem. Like many leaders before you, consider leaning on software that’s designed to streamline the project workflow for companies representing a wide range of industries.

A rate that will only be available from April 19 through 22, you can get Microsoft Professional 2021 for just $19.97 (reg. $249).

This well-reviewed software comes with a range of pre-built templates that you can use to set your project off on the right foot. It supports a number of helpful functions like building complex schedules with varying timelines, auto-populating those schedules in instances where it can, and submitting timesheets that can be distinguished by project work and non-project work.

Some additional features of Microsoft Project Professional that can help entrepreneurs and their teams include what-if scenario generation capabilities. Microsoft Project Professional also allows you to sync projects on your local server with those online, which is massively helpful for remote teams.

Its comprehensive and well-curated offerings are part of why Project Professional is rated an average of 4.7/5 stars on the Entrepreneur Store.

Don’t miss this limited-time opportunity to make a worthwhile investment in your business for the price of a beer at the ball game.

A price that will only last from April 19 through 22, you can get Microsoft Professional 2021 for just $19.97 (reg. $249).

StackSocial prices subject to change.



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Get Your Business a One-Year Sam’s Club Membership for Just $14


Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

It takes time for a new business to start earning a profit. The modern timeline, according to FreshBooks, is roughly two to three years before your business becomes profitable, but that’s not a guarantee. Make sure to spend those first years investing in your business when you can and cutting costs where it’s needed.

One expense to watch out for is the little daily costs that add up over time. Whether it’s office snacks, small appliances, or a myriad of other daily staples, you might be able to keep costs low by doing all your shopping at Sam’s Club. Your first cost-effective investment is the membership itself. For a limited time, you can actually get a One-Year Sam’s Club Membership for $14.

Shop for daily essentials at Sam’s Club.

Instead of dashing all over town or paying exorbitant shipping rates, see how much of your shopping you can get done at Sam’s Club. Skip the cost of catering and grab a few lower-cost items at the deli. Don’t wait for a paper delivery when you can potentially grab all sorts of office supplies at Sam’s. You may even be able to fill up the company car at a Sam’s Club gas station.

This membership also gives you access to the Sam’s Club catalog online. Search for great products you can get delivered to a Sam’s Club warehouse or directly to your door.

This one-year membership comes with auto-renew. After one year, it will renew for the full membership price, but you can turn that off at any time.

Invest in your business and get a Sam’s Club One-Year Membership for the lowest price ever, just $14 when you purchase through April 30.

StackSocial prices subject to change.



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Netflix’s financial report highlights the success of the streaming service


Netflix’s financial report highlights that 9.33 million subscribers have joined the streaming service.

Today, Netflix reported its first-quarter earnings report, and there is a lot for the content giant to be happy about. The company would open the report by saying “revenue was up 15%, our operating income grew by 54% and our operating margin rose by seven percentage points to 28%.”

Netflix Q1 Report

Netflix’s financial prowess was further underscored by its revenue of $9.37 billion, a figure that surpassed the $ 9.26 billion projected by analysts and industry experts. This translates to an impressive $5.28 of earnings per share, outperforming the anticipated $4.51.

Netflix’s report reveals a staggering 270 million subscribers across 190+ countries, with an average of more than two people per household. This translates to an audience of over half a billion people, a scale and ambition unparalleled in the entertainment industry. The report emphasizes, “to cater to such a vast audience, we strive to offer a diverse range of compelling stories that cater to various tastes.’

The improvement in subscriber numbers can be attributed to a crackdown on password sharing. Netflix has been determined to reduce the number of users who can access a singular account, so the surge in numbers could be attributed to that brick wall being in place, and those hoping to access their catalog will have to pay up.

Salaries were also capped by Netflix for executives. Still, according to the Hollywood Reporter Co-CEO Greg Peters, his annual compensation grew from $26 million last year to almost double the following year. So the streaming platform’s shareholders must be happy with this upward trajectory.

This SEC filing would include Peters’ base salary of $2.89 million, stock awards of $22.7 million, a bonus of $13.9 million and all other compensation totaling $620,602, which relates to use of the company aircraft.”

Image: Ideogram

The post Netflix’s financial report highlights the success of the streaming service appeared first on Due.



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Boost Efficiency by Eliminating Busy Work Now


Productivity means doing things smartly and efficiently. When you’re productive, you’re not just busy—you’re doing things that really matter. First, think about what you want to achieve. Then, make a plan to reach those goals. Being productive means using your time and resources wisely. So, stay focused, plan well, and avoid busy work to maximize your efforts.

Identifying busy work

Busy work is when you spend time and energy on tasks that don’t help you achieve your goals. Sometimes, we do helpful things but don’t make real progress.

Examples of busy work include talking about things that don’t matter, spending too much time on emails, or going to meetings that aren’t important. It’s like spinning your wheels – lots of action but not going anywhere. Instead, focus on activities that actually move you closer to your goals. That’s true productivity, not just being busy.

Using a time clock can help you keep track of how much time you spend on tasks. This can help you work faster and more efficiently.

Emails can be distracting. But you can avoid interruptions by setting specific times to check them. This way, you can focus better on important tasks instead of getting caught up in busy work. So, next time you’re working on something, try using a time clock and setting email-checking times. It could really help you be more productive.

Related: This Bad Work Habit Is Stealing a Shocking 72 Days of Your Time Per Year

Workplace productivity statistics

Did you know that the average worker is only productive for about 60% of their workday? That means a lot of time might be spent not getting much done. It’s even less for office workers – only around two and a half hours of real productivity each day.

When teams are engaged and work well together, amazing things can happen. Highly engaged teams have fewer problems, such as internal theft, absenteeism, and job turnover.

Surprisingly, social media can cost businesses a lot of money. Employees spending time on Facebook and other sites wastes billions of dollars annually. And those long, unproductive meetings? They’re taking up billions of hours, too.

Nowadays, it’s not just about being busy – it’s about having the right talent. Talented and right employees can change how much work gets done. In fact, they can be up to 400% more productive than average workers. The best ones can even complete difficult tasks super efficiently, sometimes reaching productivity levels that are eight times higher than normal.

Related: Wasted Employee Time Adds Up: Here’s How to Fix It

Key elements of productivity

Did you know that employees can be twice as productive when they are engaged in their work? When people feel connected to what they’re doing, they tend to work harder and get more done.

But there’s something else that can affect how productive people are: sleep. If you’re not getting enough sleep, it can make you less efficient at work. In fact, sleep deprivation costs businesses a lot of money – $63 billion every year. And it’s not just a few people – one-third of workers in the US aren’t getting the sleep they need.

Another thing that can distract people at work is the internet. When employees spend time online doing things like watching sports or shopping, their productivity can be cut in half. It’s important to stay focused on work tasks to get things done efficiently.

Turning busy work into productivity

To make sure your team is using their time wisely, it’s important to plan ahead and delegate tasks properly. Start by figuring out what needs to be done first, and then guide your team to focus on those tasks. This will help them stay on track and motivated.

If you notice your team spending too much time on the same things over and over, try finding ways to make those tasks easier. You could use software or tools to automate them or group similar tasks together to get them done more efficiently.

It’s also a good idea to break up the workday into smaller chunks and take breaks in between. This can help prevent burnout and keep your productivity levels high. Also, keeping the office tidy and organized can help reduce distractions and keep your team focused.

Besides, you can use tools like time clocks, to-do lists, and project management software. These can help your team stay organized and on top of their tasks. With the right planning and tools, busy work can become productive work in no time.

If you delegate tasks based on expertise, you’ll find less time wasted on busy work. Follow up by regularly evaluating workflow. Keep your team informed about fresh methods and tools; thus, you can support them in working more intelligently rather than just harder. Identify what needs improvement and be willing to make changes.

Related: 12 Factors That Are Fueling Your Workplace Mental Exhaustion

Tools to stimulate productivity

If you’ve ever used a legacy digital calendar to become better with time and more organized, you probably felt you were spending too much time entering and revising data. The latest digital calendars are equipped with AI-enabled solutions that memorize your schedule and take over booking, organizing, and updating events and meetings on your calendar. They also sync across devices and tools, enabling a more efficient and productive work process.

Cluttered inboxes are one of the most significant productivity roadblocks employees encounter. The best email management tools can categorize similar emails and give employees a variety of tools to manage them easily, quickly, and efficiently. They can block senders, delete multiple emails at once, or unsubscribe from emails automatically.

Final Verdicts

By organizing tasks, setting clear goals, and using helpful tools, you can turn busy work into productive work. You should plan well, divide tasks wisely, and stay motivated to succeed. With your effort and the right methods, productivity can increase, distractions can decrease, and work can be more efficient for everyone.



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Man Faces $70M Medicare Fraud Scheme Charges


A Mississippi man has been charged with multiple offenses relating to $70 million Medicare fraud by the Justice Department.

An indictment was unsealed in Tampa last week for Joel Rufus French, 46, who appeared when summoned in Oxford, Mississippi. The FBI Tampa Field Office and HHS-OIG are investigating the case.

Man charged with millions of dollars of fraud

French allegedly used bribes to obtain doctors’ orders to obtain unnecessary amounts of durable medical equipment (DME). The accused had also created a network of co-conspirators who received bribes and kickbacks in an elaborate scheme involving orthotic braces.

Initial court documents highlighted that French did not disclose his status or role whilst running multiple DME companies to Medicare. French would then use the fraudulently obtained doctors’ orders to allegedly charge Medicare for reimbursement to the tune of $70 million.

The release by the Department of Justice said the charges against French include “conspiracy to defraud the United States and to pay and receive illegal health care kickbacks, conspiracy to commit health care fraud and wire fraud, and conspiracy to commit money laundering.”

Health Care Fraud Strike Force Program of the Justice Department is composed of “of nine strike forces operating in 27 federal districts, has charged more than 5,400 defendants who collectively have billed federal health care programs and private insurers more than $27 billion.”

If French is convicted of these crimes he could face maximum penalties of twenty and five years respectively for each of the charges levied against him.

This would be one of three medical fraud cases that the Justice Department recorded this week. A New Jersey Doctor was sentenced for illegally distributing oxycodone and two other Doctors were sentenced for their part in a fraudulent drug testing scheme.

Image: Ideogram.

 

The post Man Faces $70M Medicare Fraud Scheme Charges appeared first on Due.



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Trump Media stock plummets again


Trump Media & Technology Group Corp (TMGT) shares plummeted after the entity filed to the U.S. Securities and Exchange Commission (SEC) to issue 21 million shares.

The parent company of social media platform Truth Social has approached the SEC with a Files S-1 Resale Registration Statement.

Trump shares nosedive after announcement

The shares in the company ended the day on the stock market a further 18% down on initial trading. The SEC filing states:

We are registering the resale by the Selling Securityholders named in this prospectus, or their permitted transferees, an aggregate of 146,108,680 shares of Common Stock, consisting of:

  • 1,133,484 Placement Shares;
  • Up to 14,316,050 Founder and Anchor Investors Shares;
  • 744,020 Conversion Shares;
  • 965,125 DWAC Compensation Shares;
  • 690,000 TMTG Compensation Shares;
  • 6,250,000 Alternative Financing Shares;
  • 7,116,251 Private Warrant Shares;
  • 143,750 Representative Shares; and
  • 114,750,000 President Trump Shares.

This takes the overall fall down to nearly 60% of the launch price for the former President’s company stock. We reported earlier this month that the initial stock had fallen 20% in the first week of trading on the stock exchange.

Digital World Acquisition Corp merged with Trump Media in late February to a large fanfare. The highest mark for the much-talked-about stock came in at $66.22, so the dip to $26.61 is a catastrophic fall ahead of a potential further share issue.

The $52.77 plummet will be a costly one for the company, but as we reported last week, executives are still taking home sizeable compensation in this turbulent opening.

Leading figures at TMGT have been given promissory notes to the tune of $6.25 million.

This is broken down into $1.15 million for Chief Executive Officer Devin Nunes, $4.9 million for Chief Financial Officer Phillip Juhan, and $200,000 for Chief Operating Officer Andrew Northwall.

It will be an interesting read ahead to see if the SEC agrees on the share issue and one that will certainly impact the future of TMGT.

Image: Ideogram.

The post Trump Media stock plummets again appeared first on Due.



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Save an Extra 20% on the Ultimate Microsoft Bundle Featuring Windows 11 Pro, Office, and More


Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

Microsoft’s creations have impacted more than 1 billion users worldwide, helping successful innovators across industries. You can currently pick up a comprehensive collection of popular products that are primed to boost your productivity for a surprisingly low price.

For a limited time, purchase the Ultimate 2019 Microsoft Bundle, complete with Office, Project, Visio and Windows 11 Pro, at only $79.99 (reg. $927) by using coupon code ENJOY20. Pick up this full package for only a fraction of the standard cost through April 16 at 11:59 p.m. Pacific.

Offering an AI assistant, touchscreen options and personalized settings, Microsoft Windows 11 Pro packs new potential into your operating system. Enjoy higher speeds and greater security with an OS that delivers access to DirectX 12 Ultimate and Microsoft Teams.

Meanwhile, get right to work with Microsoft Office Professional Plus 2019, equipped with these programs:

  • Access for keeping track of databases.
  • Excel for diving into data.
  • OneNote for enhanced note-taking.
  • Outlook for maximized email management.
  • PowerPoint for visual presentations.
  • Publisher for graphic design needs.
  • Word for creating text documents.

Microsoft Project provides everything you need for a large professional undertaking, with tools featuring budget management, schedule development, task assignments and workload analysis. Gain a greater feel on what’s working well and what’s not by examining automated progress reports. Plus, it’s prepared to sync with Microsoft Office.

Last but not least, Vizio is excellent for creating visual diagrams, floor plans, flow charts and more. Access 250,000 shapes and an array of templates that can be easily customized with data from compatible programs such as Microsoft Excel.

This bundle carries a store rating of 4.5 out of five based on verified buyer reviews, featuring March 2024 feedback that reads, “The installation was easy and it worked right away as expected. I will get another one in the future.”

Improve your production capabilities while accomplishing more professionally and personally by purchasing the Ultimate 2019 Microsoft Bundle, loaded with Office, Project, Visio and Windows 11 Pro, for only $79.99 (reg. $927) by using coupon code ENJOY20 through April 16 at 11:59 p.m. Pacific.

StackSocial prices subject to change.



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