KEVIN FABER
Kevin Faber is the CEO of Silver Summit Capital. He graduated from UC Davis with a B.A. in Business/Managerial Economics. In his free time, Kevin is usually watching basketball or kicking back and reading a good book.
Follow him on Twitter: @faber28kevin
What we know as a home today is nothing remotely like what homes looked like just 100 years ago. We have central air, natural gas heating, and many other modern amenities that our ancestors could never imagine. Therefore, there is no reason to believe that in another century, houses won't look foreign to us, as well.
Innovation has taken the world today by storm, leading to the development of new solutions to problems that humans have inherently faced. Since virtually every sector of life on Earth meets with some form of challenge, these innovations have touched on every aspect, including medicine, science, engineering and social life.
Technology has not only improved our ability to process information and use it to our advantage, but it is now possible to merge our minds to it. This process has already started.
Many companies around America struggle with communication between the management, the employees, and every level for that matter. Unfortunately, bad communication can lead to lower production and even conflict within the company, squandering sales and hurting reputation.
As competitive gaming raises in popularity, streaming services are being flooded by gamers. When the world's most iconic gaming tournaments go live, viewers from around the globe travel to arenas and tune into streaming services so they can watch their favorite gamers battle for eternal glory and riches.
Business communication involves the exchange of information between parties such as two employees or two firms entering into a contract. The evolution of communication indicates drastic growth since the end of hiring secretaries to send out faxes to staff within the building or far away locations.
Just like oil became a valuable commodity in the 20th century, data is also proving to be priceless to companies and business organizations in the 21st century. Data analysis specialists have projected that by the end of 2020, business enterprises will have data amounts equivalent to 44 zettabytes, or 44 trillion gigabytes.
We are seeing an unprecedented increase in data breaches across organizations in both private and public sectors. The most recent cyber attack on Equifax, one of the major credit rating agencies, is equally alarming and frightening to millions of customers. Public or private data is no longer safe anymore.
Hiring is a deeply imperfect process that probably has as many misses as hits. You’ve probably seen it in action: a new hire looks perfect on the paper and interviews well but has mediocre performance or clashes with co-workers constantly. Finding the person with the right skills is hard, but there are ways to pick more of the right candidates for a job.
Quantum computers will allow artificial intelligence, big data, and machine learning to become far more advanced. Many researchers are working on the advancement of quantum computers, and it won't be long before their use becomes widespread.
The global technological advancement has been ongoing for many decades now. The ability to generate big data by companies concerning their clientele and customers is an opportunity that to exploit and transform into huge returns on paydays. Venturing into data analytics can form a source of income for many more people globally as big data continues to get more use.
A city without traffic jams seems like a far-fetched dream that most people would not even believe in. Many would say the same about air pollution as well since breathing in clean and fresh air in the cities is something that most have not really experienced. Well, you might be surprised, but big data could be the solution to all of these problems that modern cities face.
With video streaming becoming more and more popular, advancements have made networking much easier and simpler for technology businesses. In addition, they have also become a lot more affordable and practical to use. As tech companies begin to grow, the demand for such tools will also grow, and developers of data streaming tools know this. With that in mind, it is much easier to find many options for streaming tools.
Although the advent of Big Data stands to benefit several industries, the insurance sector has a clear advantage in terms of leveraging technology to benefit not only its bottom line but also its customers. To a great extent, the insurance industry was one of the earliest adopters of Big Data; over the last few decades, actuaries and statisticians have been reviewing large data sets and preparing analytical reports for underwriters who in turn make decisions about coverage and premium rates.
Big Data has had a big impact on the competitive landscape. Businesses that have embraced this explosive technology of digital media are better positioned to market faster with products and services that satisfy customers' needs adequately. Wise management of time is very critical in staying ahead of the competition. Utilizing Big Data solutions in processing digital data is one way of enabling managers or organizations and business owners to make quick, informed decisions that streamline efficient business operations. Here is an analysis of some of the real management applications of Big Data:
