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Risk manager speaking with his clients

Understanding Risk Management

Preparing a response to unexpected loss or damage can be essential for any business owner, including insurance producers. Being proactive can help you predict and detect potential obstacles and challenges that can cause financial or legal problems, also known as risks. Various risks can affect your insurance business in many ways.

Before insurance producers can protect businesses against extensive complications, there must be a plan for taking action against issues that arise. You can never be too cautious with your profits and resources, and creating a risk management strategy can provide peace of mind. What is risk analysis? Here, we’ll discuss risk management FAQs and solutions that assist insurance agents and brokers in accomplishing goals.

What Is Risk Management?

Risk management is the process of identifying, evaluating and assessing various ways to avoid liabilities and loss. Risk management can include many different elements, and some pitfalls may be more damaging than others. It’s a best practice for insurance producers to familiarize themselves with the kinds of risks they might encounter.

  • Financial risk: This type of risk can involve unexpected loss, increased debt load, costs of claim and liabilities or tax and interest rate fluctuations.
  • Operational risk: Operational risks can disrupt business flow. Examples include labor strikes, natural disasters and internal or external problems such as technical or process failures.
  • Economic risk: Changing market trends cause the economy to fluctuate. This type of risk can interrupt business finances and cash flow or lead to a loss of revenue.
  • Compliance risk: All businesses need to consider and regularly track compliance laws and regulations. Otherwise, there is a chance for fines and penalties.
  • Strategic risk: Any damage or loss to reputation may present a strategic risk, which could prevent your business from reaching its goals or implementing plans.
  • Knowledge risk: This type of risk may involve a lack of knowledge or skills about specific procedures, projects or technology, leading to loss or damage.

A risk manager explaining the different possible risks that may occur in business strategies to her client.

The Importance of Risk Management

Risk management is vital for improving the odds of success and reducing the chance of any threats that may hinder progress or growth. Risk management tactics can introduce and establish a backup system or proactive measures to reduce the overall cost of an unexpected event. Insurance producers must implement risk management practices to manage the severity of loss and predict all possible hazards or disruptions you may encounter.

As an insurance producer, you can take control of risk management by identifying and mitigating risks to feel more confident and secure in your plans. Risk management enables insurance producers to make more efficient, informed decisions with access to necessary knowledge that helps keep your business and your clients’ companies profitable.

Embracing risk management tools can also present opportunities, such as knowing when to take on new business ventures or allocate resources. Some risk-taking may be necessary for your company to reach its goals, so it’s critical to know how to adequately manage all possibilities and unexpected issues. Creating a deliberate, consistent approach to risk management may help you protect your and your customers’ valuable assets and vulnerabilities from threats or damage.

Understanding the different possible risks that may occur in business strategies or plans is fundamental to enabling resiliency and sustainability. Highlighting priorities and taking a proactive approach to risk management may also ensure a competitive advantage for your insurance business.

The Risk Management Process

The risk management process typically involves a combination of steps that produce an effective solution. While these are not always one-size-fits-all, they can apply to many business circumstances.

  1. Identification: Recognize vulnerabilities in your business.
  2. Analysis: Assess the likelihood and consequence of possible risks.
  3. Evaluation: Discuss the impact or magnitude of the risk.
  4. Response: Determine if the risk is tolerable or if it necessitates a response.
  5. Review: Monitor and track risks going forward to minimize possible future threats.

When learning how to understand risk management, success hinges on being proactive instead of reactive. Staying ahead of the game may make it easier for you, as an insurance producer, to avoid losses or control them when they occur. Adapting these steps to your business needs can help solidify a risk management plan you can implement whenever and wherever necessary. For some projects or goals, formulating a risk management plan may be essential for addressing urgent or unavoidable threats.

How to Identify Risk

Spotting current and potential weaknesses or obstacles in your business is the first step in the risk management process. These weaknesses could include anything that may bring harm, damage, loss or any other adverse effects to your project or company. Financial loss, decrease in market share, economic downturn, employee vulnerability or bankruptcy are also examples of potential risks that may affect your or your customers’ business.

Insurance producers can recognize specific risks by looking for potential sources or highlighting specific problems that can lead to risk. This process typically involves brainstorming and gathering information to look for various vulnerabilities.

Liabilities can also consist of any circumstances that may prevent you or your customer from conducting business. Anything that interferes with the ability to perform a job or service represents a risk. When you recognize and describe different risks, record and review them regularly to ensure there haven’t been new developments or additional problems.

The risk identification process should also involve prioritization, so you can focus your attention on the most pressing matters. Depending on the obstacles you encounter, mitigating them all at once may not be possible. Identifying your insurance business’ most urgent needs can help you and your team deal with them before they become unmanageable.

How to Assess Risk

Once you have identified all possible risks, the next step is to decide on practical solutions. Risk analysis may involve understanding the impact specific events pose or how they may influence your business. As an insurance producer, your response to an urgent problem could significantly impact you and your customers.

Risk assessment involves predicting the probability of the identified risks and understanding the amount of damage or loss that may follow in a worst-case scenario. Once you have prioritized a list of risks, it may be easier to understand the loss and probability related to them.

Risk assessment is challenging because it involves a degree of uncertainty. You and your team must decide which ones to focus on, sorting them on a probability scale based on the likelihood they will occur and their expected impact on your operations.

Ranking risks on a scale may create a clearer vision of how they might financially affect and influence your insurance goals. This approach could also help insurance producers determine other possible consequences, which can lead to appropriate solutions.

Responses to Risk

After identifying the risks and assessing the various ways to resolve them, it is time to put the new plan into action. Responding to current threats or ones that may arise in the future is critical in managing loss exposure. Risk response commonly consists of implementing one or more of the following strategies.

  • Avoidance: Avoiding a particular risk might involve not going through with a plan if you determine it could bring severe legal or financial consequences. However, avoidance may cause your business to miss out on opportunities.
  • Transfer: Transferring the weight or responsibility of risk may reduce financial impact or damage by providing a safety net, such as acquiring insurance coverage for liabilities and assets.
  • Reduction: Reducing the probability or impact of a loss by implementing preventive or protective measures may be helpful to ensure any risks that occur remain tolerable.
  • Acceptance: This method is a backup when other approaches are not financially ideal or possible. Some risk-taking may be inevitable or have a low enough impact that it’s best to accept it.

As an insurance producer, you can evaluate the best method for responding, treating or modifying a risk to your insurance business. In doing so, you may deem some risks are acceptable, requiring less attention, while others are more severe. Creating responses to risks should also include preventive strategies and plans to assess and treat future risks quickly and effectively. This process may help you make decisions for your or your clients’ business in the future so there are controls and remedies in place when faced with new challenges.

List of risk management benefits

Benefits of Risk Management

In your insurance business, you can take advantage of many risk management benefits. Staying prepared for unexpected events can help you effectively jump into action when a liability presents itself. Some of the most relevant benefits of risk management for your business may include the following.

  • Fewer surprises: Planning for potential problems can help your team spot risks early on, which allows you to intervene before they occur.
  • Effective communication: Consistent discussions and conversations about risks, responses, problems and resolutions may help your team work together more efficiently.
  • The expectation of success is clearer: Risk management may provide a framework to predict project challenges and success, which may help you or your client determine productivity and outcomes.
  • Compliance coordination: Implementing risk management processes may help your client deal with compliance regulations and mandates more efficiently.
  • Increased awareness of risk: Identifying vulnerabilities in a business or project can heighten your client’s awareness of other possible risks or concerns.
  • Improved operational efficiency: Risk management may allow for more control and confidence for a client or their business, leading to more effective overall operation.

While these benefits may be the most common ones your customer may see after implementing risk management, there are so many other positive aspects. Risk management may allow your insurance business to facilitate growth, understand your competition, properly allocate budget and resources and reduce disruptions. The benefits you and your client receive from risk management may improve your businesses and condition your teams to watch for negative impacts that could lead to legal or financial trouble.

Risk manager discussing challenges of risk management

Challenges of Risk Management

While plenty of benefits make risk management worth applying, you may encounter a few challenges during the process. Most risk management limitations and failures are avoidable, and they often result from a false illusion of control or lack of transparency. Here are some other challenges that may arise.

  • Expenses: The expenses for risk management software and services may seem tricky to justify if you are on a tight budget.
  • Awareness requires action: Understanding more about compliance regulations and mandates may cause you or your client to devote more time, money and energy to align with them properly.
  • Consensus: All employees or team members within your insurance business may not always agree on which treatment method or response is best, which could cause a delay in coming up with the right solution.
  • Fluctuating conditions: Keeping overhead costs in check may become an obstacle with changing economic conditions, loss of reputation or other issues that prevent your business from expanding innovation.
  • Uncertainty: Risk-taking often involves uncertainty and guesswork to make projections. It may be challenging to discuss this with your insurance team if you can’t give them exact numbers or evidence.

For insurance producers, implementing a risk management plan takes time and patience, as it may not be perfect the first time you try to approach it. Seeing the value in this process is the first step. Without understanding risk management’s importance, your insurance business could encounter additional challenges that lead to penalties and project failures. Learning how to identify the most significant and high-priority vulnerabilities will allow insurance producers to take the necessary steps to handle risk exposure.

How to Create a Risk Management Plan

Creating a risk management plan that adapts to your business needs can be crucial to providing the best solutions for your clients. It may be helpful to determine what insurance problems or concerns you frequently encounter or what financial and legal issues you may have addressed in the past. Use this information to assess what parts of the risk management plan you need to administer immediately.

Breaking down the structure, roles and responsibilities may help you locate areas where your insurance business may be susceptible to risk or failure. Emphasizing communication and consulting about these aspects with your insurance team is an excellent way to see your business in a broader context. Some other elements of this may include business goals and objectives, company culture, business regulations and policies and the market or political environment.

After establishing communication patterns and business context, you can move on to the risk identification and assessment process. Evaluating what type of risks are worth responding to and which are within your limits and tolerance is a crucial step to understanding which methods and techniques to use to deal with those risks. Know and discuss your insurance business’ risk acceptance or mitigation options to decide on the most effective ways to apply those processes.

Finally, once you have concluded which risk response is best, continue monitoring the plan to ensure it’s working correctly and change it as necessary.

Examples of Risk Management

While avoidance, transfer, reduction and acceptance are all examples of risk management solutions, there are many other ways to put it into practice. For instance, having a backup plan for particularly significant risks is another example of management skills. As an insurance producer, you must regularly analyze and deal with potential threats to your and your clients’ goals. Here are some additional ways you can exercise risk management.

  • Safety risk management: There may be operational safety risks within your insurance business. Consistently monitoring maintenance processes can help uncover issues, such as human error, that may present problems.
  • Security risk management: This liability can occur in your data and information processing aspects, such as cybersecurity. Any insurance business should be aware to protect sensitive or private information and data. For example, prevent theft by implementing procedures for monitoring communication and valuable assets. This type of risk may also relate to fraudulent practices.
  • Credit risk management: Mismanaged credit risk can quickly lead to financial loss. For example, giving extensive credit to an unreliable customer could hinder your profits.
  • Market risk management: This type of risk is typical among all industries. When developing or advertising a new product or service, it can be challenging to determine its future value. Many businesses may try to handle this by involving investors to provide a sense of security in the face of changing market conditions.
  • Industry-specific risk management: Insurance brokers and agents who wish to create new services and packages in their industry may run into challenges without risk analysis. It’s crucial to understand what hazards your business may face and if the benefits of your decisions outweigh the costs.

A consistent risk management system can help your business efficiently deal with all these issues. Without a plan, many of these risks can affect your insurance business’ survival, growth or success. Staying prepared to meet any possible concerns may give you better control and insight over outcomes for your company.

Contact a risk manager to develop a plan

Develop Your Risk Management Plan Today

Prime Insurance Company can help insurance producers discover new ways to employ a risk management plan to fulfill your needs and client requirements. We proudly maintain an “A” rating from AM Best, and we prioritize providing customized coverage and solutions for business owners when standard markets don’t meet their insurance needs. Prime takes a hands-on approach to find unique solutions for your customers or your insurance business when faced with challenging or misunderstood risks.

Partnering with Prime additionally enables insurance producers to expand their portfolios and discover new opportunities, such as profit sharing. We also provide more convenience with in-house underwriting and risk management teams that work directly with policyholders and conduct on-site risk management visits for your clients. Prime’s team of attorneys and adjusters can work to fight claims and lawsuits that affect your insurance business with risk management practices to help eliminate or reduce controllable losses.

For more information, download our free e-book, visit our website to get a quote or contact us at 800-257-5590 today.

rick lindseyAuthored by Rick J. Lindsey, CEO, President, and Chairman of Prime Insurance Company

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Coinmama Review: Is Coinmama Legitimate and Safe?
Are you wondering if Coinmama is safe and legit? For more information, please read the following. We also cover Coinmama’s Customer Service. Coinmama is a popular crypto currency exchange that is registered with FINCEN, the Financial Crimes Enforcement Network. There have been reports of security breaches.

What is Coinmama?

Coinmama’s platform is simple and easy to use even for those with no prior experience in cryptocurrency exchange. There is a minimum order of 30 dollars and several payment options. Users can pay through Fedwire, Skrill, or SEPA instant. They also offer instant delivery. The Coinmama website also provides three levels of savings.

Is it legal?
When you sign up for Coinmama, you’ll need to verify your identity. Upload a driver’s licence or another form of identification to verify your identity. Your payment card address should match the email address you use to verify identity. Coinmama may also require you to take a picture of your ID and write down the date that you signed up.

Is it Safe?
Coinmama is a bitcoin exchange that is registered with FINCEN, the Financial Crimes Enforcement Network. This agency focuses on financial crimes like money laundering and terrorist financing. It is not perfect security. There have been security breaches on the site and some users have complained about fees. It is a smart idea to use an offline wallet to protect your funds.

Coinmama is a registered exchange and adheres to Know Your Customer (KYC), anti-money laundering, and know your customer standards. Coinmama is a member of the Financial Crimes Enforcement Network and the Financial Transactions and Reports Analysis Center of Canada.

Customer Service
Coinmama is a crypto exchange where you can buy and sell cryptocurrencies. They accept both credit and debit cards for payments and you can sell your coins for a profit within minutes. Coinmama is a great place to buy and trade cryptocurrencies. However, there are some drawbacks.

Coinmama is an online exchange that accepts multiple payment methods. These include credit cards, debit cards, and wire transfers. After choosing the payment method, users must enter their bank account numbers and credit card information. A confirmation link will be sent to the registered email address with Coinmama. After confirming the information, the exchange sends BTC to the address you specified. You can track the transaction and see when your BTC was sent.

Coinmama is a legitimate company that is registered with the FinCEN bureau of the U.S. Treasury. Coinmama, which is not required to sign up for other users on the network, is a great alternative to Gemini. Another benefit of Coinmama is that you don’t have to pay maker or taker fees, and you can conduct crypto transactions within an hour. Another great feature of Coinmama is that it doesn’t store your funds or assets, which is a huge bonus for users.


The article provides additional details regarding the aspects related to training and labeling to be reflected in an investigational plan.

The Food and Drug Administration (FDA or the Agency), the US regulating authority in the sphere of healthcare products, has published a guidance document dedicated to Investigational Device Exemptions (IDEs) for Devices Indicated for Nocturnal Home Hemodialysis (NHHDs). The document provides an overview of the applicable regulatory requirements, as well as recommendations to be considered by medical device manufacturers to ensure compliance thereto. At the same time, it is important to mention that FDA guidance documents are non-binding, and are not intended to introduce new rules or impose new obligations, but rather to provide additional clarifications regarding the existing framework. Moreover, the authority explicitly states that an alternative approach could be applied, provided such an approach is in line with the corresponding legislation and has been agreed with the FDA in advance.

The scope of the guidance covers, inter alia, the aspects related to an investigational plan to be developed by a party responsible for the trial. This includes the matters related to the training the persons involved should undergo, as well as the labeling requirements to be followed.

Training: Key Points

According to the guidance, the subjects participating in a clinical trial should be trained properly on how to use the device and perform the procedures associated thereto. Furthermore, it is stated that the training team should check the ability of the study participants to perform all the procedures correctly before the said subject will use the device subject to investigation in the home environment. As further explained by the FDA, the training team’s observations should include observing the subject’s or care partner’s ability to troubleshoot the device and other procedure-related issues. The time it will take to complete the training depends on numerous factors, hence, it is advised to check the effectiveness of the training by conducting a practical test or asking the study subject to answer a few questions in writing. The authority also recommends outlining the responsibilities of the care partner during the training sessions and providing instructions to subjects and care partners on emergency procedures, such as the procedures necessary if a serious adverse event occurs. The document also provides certain device-specific recommendations based on the intended use of NHHDs and aspects associated thereto.

According to the guidance, the scope of training to be organized should also cover the aspects related to the regular maintenance the device requires, as well as sampling and management of supplies needed to ensure the proper operations of the device.

The IDE application submitted should address the aspects related to training – in particular, it should include copies of the training manual, questionnaires, checklists, and any materials that are intended to be used in the course of the study to ensure the proper training of study participants.

Another important aspect addressed in the guidance relates to labeling. It is stated that the IDE application must comply with the labeling requirements described in 21 CFR 812.5 and must include draft device labeling for the NHHD system (e.g., the operator’s manual, patient labeling, any labels that will be affixed directly to the system or its accessories). The authority encourages medical device manufacturers to provide the labeling containing information the users would reasonably need to use the device safely and efficiently, as well as recommendations regarding the actions to be taken in case of any issues arising during the use of the device. The document further outlines the main elements to be included in labeling and highlights the key points associated thereto.

  1. Therapy Background. First of all, the manufacturer shall describe the functions the device is intended to perform, its target population, and the principle of operation. This section could also include additional details regarding the way the device should be used, as well as any contraindications or precautions.
  2. Device Description. This section should provide a detailed description of the device itself, and all of the components thereto. In particular, it should contain the details about:
    1. The safety-related components included in the system (e.g., ultrafiltration controller, arterial and venous pressure sensors, disconnection preventers and sensors); and
    2. The accessories that need to be used with the system (e.g., extracorporeal tubing, replacement fluids).
  3. Device Operation. This section should provide the details regarding the steps to be taken by a person using the device to ensure it operates properly when used for the intended purpose. In case it is possible to use the device in more than one configuration, all the configurations should be described as well, together with the appropriate instructions provided.
  4. Alarms and Troubleshooting. This section should provide information about the alarms, potential reasons behind them, and steps to be taken by a person using the device.
  5. Cleaning, Disinfection, and Preventive Maintenance. It is also important to provide information about the actions to be performed to ensure proper operations of the device within the whole expected useful life. For instance, it will be necessary to explain the way the device should be cleaned and disinfected (concerning the latter, the authority refers to the section of the guidance describing reports of prior investigations).

Apart from the above mentioned aspects, the authority also states that the operator’s manual, which is a part of medical device labeling, should provide the following:

  • Instructions for the subject or their care partner to properly use, monitor, and verify the conductivity and temperature of the dialysate used in the NHHD system; and
  • Instructions for the subject or their care partner to properly monitor and adjust the dialysis treatment to ensure proper fluid balance.

It is also important to mention that since NHHD systems are devices intended to be used in a home environment without healthcare professionals involved, the manufacturer should pay special attention to patient labeling. As further explained by the FDA, the manufacturer should make sure all the information is provided in a way making it possible for intended users to understand it.

In summary, the present guidance addresses certain specific aspects related to investigation plans for NHHD systems. The document outlines the key points to be considered concerning the training the study subjects should undergo before the commencement of the trial, as well as labeling and information to be communicated to intended users.

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Sep 14, 2022

Turn Students into Video Creators this School Year

Olivia Nelson
PD Specialist

With more technology making its way into the classroom and teachers working hard to manage all of the moving pieces, it’s important to remember that sometimes our students are more adept with technology than we give them credit for.

In 2022, students in K-12 know smartphones more than pay phones and many have used a tablet or smartphone before they have even learned how to read.

We can empower students to be engaged learners and active sharers of information with the tools we are using right inside of our classrooms. Specifically, our students already use video to communicate socially, so why not allow them to explore video as an educational tool?

We’ve put together a couple insights for why video is important and how to get students using video in the classroom right from the start of the year. And listen to EdTech Heroes below for more tips on turning students into creators from Eric Curts!

Troubleshooting new routines

The start of a new school year always means investing a substantial amount of time in learning new routines, procedures, and protocols. This, understandably, can tend to bring a host of questions.

In the beginning of the year, use Screencastify Submit to set up virtual office hours. This will make communicating questions and answers super easy.

To create your virtual office hours, simply create a Screencastify Submit Assignment, choosing the option to Generate a Link. Name your assignment and provide directions to parents, students and families. Since some of the questions you receive may be about technology (new websites to navigate, new learning programs to use, etc), it is best to use the Screen and Webcam Recording option so that you can see the issues on screen. Since all of the videos submitted to your office hours will go to your Google Drive folder, you can choose to also receive an email with each submission, or to just check the folder periodically.

Either way, now you have a virtual door that’s always open and students and families grow accustomed to using video as a form of communication!

Devices for all

At the beginning of the year, teachers tend to take stock of the technology they have available and make decisions around instructional technology based on the tools at their disposal. For example, teachers with 3 devices in their classroom tend to use technology differently than teachers with 1:1 technology. Regardless of the amount or type of technology in a classroom, Screencastify can be an effective tool for video creation.

One of the greatest things about Screencastify is that any videos that you create are saved to your Google Drive and a “My Videos” section of the app. This means that you are not taking up precious space on your computer hard drive when you choose to create a video with Screencastify.

This configuration is especially exciting for students using Screencastify to create videos in class. Students can use Screencastify to create videos on any device that is available to them–they won’t need their own personal device or to even use the same device every time they create a video. As long as students have a Google log in, they can access their Screencastify account, including previously recorded videos and the editor, on any device.

'Content creation' as a learning experience

We’ve all answered the question, “what do you want to be when you grow up?” but the most common answers are changing. Thirty years ago, if you asked an elementary school student that question, they might say they wanted to be a doctor or an astronaut, but not anymore. Believe it or not, up to 75% of students between the ages of 6 and 17 say that they want to be influencers or YouTubers when they grow up.

Whether students end up deciding to follow their YouTube dreams or not, it’s clear that being able to communicate with video is not only a skill that is useful, but one students themselves value as well.

Using Screencastify, students can learn some of the basic tenants of creating videos and using them to communicate effectively.

For example, students can use the Text feature in the editor to add pop-up text on screen. Text pop-ups can be used to reinforce what someone on screen is saying OR to give supplemental information. Similarly, the blur feature can allow students to make decisions about when particular on-screen information is revealed. Finally, students can create engaging moments of contemplation or discussion by adding title cards with questions.

Become Master Screencasters

If you and your students want to learn more about how video can be used for both teaching and learning, check out our certification courses. The Master the Screencast Jr. course is perfect for getting students started with video!

Olivia Nelson
PD Specialist


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Automation in the Workplace: if You’re Not Automating, What are You Really Doing?

Vivek Goel

Automation in 2022 is different from the robot takeover that some people have envisioned. Automation in the workplace now refers to platforms and systems that allow a layman to accelerate efficiency through digital means. As a result, manual efforts are minimized, making business processes more cost-efficient, error-proof, and consistent.

Additionally, the saved amount of time can be used for more valuable business tasks. It is reported that employees burn over 30% of their working hours simply by looking at paperwork- a task that can be easily automated.

Automation is a Must in the Workplace

The advantages of automation are hard to ignore. According to a McKinsey report, the benefits are three to ten times the cost of implementing automation.

The pandemic taught us that digital transformation sits at the cusp of business goals.

It’s impossible to be digital-first without including a certain degree of automation or business processes. Before the pandemic hit, the need for digital skills was minimal. In a work-from-home and staycation era, employees need to develop technical skills and integrate automation with their daily tasks.

Apprehensions to Automation in the workplace

There are apprehensions still attached to automation, such as replacing jobs, decreasing wages, and possibly making human skills redundant- all at an extremely steep price.

Allow us to bust these myths for you

  1. “I’m going to lose my job.”

    A World Economic Forum study predicts that automation would boost the job market by introducing nearly 58 million jobs. In all honesty, if your job can be simplified through automation, it probably will be. But it’s also going to give rise to a plethora of job opportunities that you can leverage by upskilling.

  2. “It simply costs too much.”

    Due to inefficient processes, organizations lose 20 to 30% of revenue every year. Automation improves processes and allows you to free up expensive resources (human resources being one of them) to be utilized on other cash cow activities. The benefits of automation significantly overpower the cost of adoption.

  3. “My skills are going to be useless.”

    According to a McKinsey report, essential data input and processing skills will be particularly affected by automation, falling by 19 to 23% from 2016 to 2030. But automation will also give rise to a range of skills that will be high in demand- from emotional and cognitive abilities to entrepreneurial and risk-taking behavior. A surge in automation doesn’t signify a redundancy in skills; rather, it pushes for a shift in skill sets.

FOMO on automation in the workplace — why it’s absolutely justified

Even if you’ve been living under a rock, it’s hard to ignore the benefits that automation can bring to workplaces.

  1. Helps your employees enjoy their work

    Automation does away with mundane and repetitive tasks and allows employees to focus their energy on innovative tasks. For example, automating workflow processes like a customer grievance redressal system enables your company to focus on creating better products, innovative solutions, and growing the business.

    Think about it: would your employee rather send out standardized emails or think about what’s the next new product they could develop at work?

  2. Humans mess up; automation doesn’t

    Automation in the workplace helps businesses minimize errors. Simple tasks like entering the correct email address into a CRM program or placing the right amount of orders to stock inventory are prone to human errors.

    If properly utilized, automation tools can provide data and workflows through a centralized process that helps decrease human oversight- through redundancy and duplication.

  3. Growth and scalability with automation in the workplace

    When manual processes are automated, it saves time and frees up valuable resources that can aid in the growth and scalability of businesses. Sales outreach emails can be automated to reach people at an unmatched scale by human labor.

    You cannot save time, but you can use time differently- and that’s the value add that automation brings into the workplace. From automated administrative workflows to chatbots, automation tools help employees win back nearly 20% of their day.

How can a company boost workplace automation?

  1. Push for upskilling

    The fear of automation taking over jobs can only be dispelled by constant upskilling. A McKinsey report expects advanced IT and programming skills to grow as much as 90% between 2016 and 2030. Basic digital skills will be imperative for an organization to thrive, and this is where tools like no-code platforms become a boon for non-technical employees.

  2. Adopt automation tools rapidly

    Automation tools like no-code platforms allow you to beat the race to digital transformation at every level. From automating marketing workflows to employee onboarding systems, no-code platforms will enable you to accelerate automation in each department- whether that’s sales, finance, logistics, or even communication.

  3. Unlearn, learn, unlearn

    When digital transformation sits at the forefront of business efficiency, it’s imperative to get your employees enthused and excited about being a part of the digital revolution. This involves helping them unlearn the fear of automation and providing the necessary skill-building tools to learn the beauty of automation. Workshops on no-code platforms, expert sessions, etc., would aid in this.

To sum it up

Automation is the future of growth and scalability. From providing the necessary training for employees to adopting automation tools, companies have to make automation a part of their workplace actively.

The value add isn’t restricted to business goals- it also aids in long-term growth and boosts the morale of employees who can utilize the time saved from completing mundane tasks to delivering better products and services.

A company’s success will largely depend on its proactiveness to instill a culture of lifelong learning throughout the organization. This cultural shift will hold the most value- as sectors, skill-sets, and employees change, the only constant will be continuous learning.

This degree of adoption will make the difference between being the best and doing just enough to beat the rest.

Image Credit: Provided by the Author; Thank you!

Vivek Goel

19+ years of leadership experience in IT companies of all sizes ranging from start-ups to large organizations in India and USA. Expertise in strategy and operations across functions such as Sales and Business Development, HR, Process and Quality, Project Management and Product Development.

How IoT and Blockchain Will Affect Digital Humans in Metaverse

Chirag Leuva

The process of progressing further has taken a steep ascent as there is numerous technology at our disposal. These technologies have helped us make countless contributions. Moreover, these advancements are the foundation for several more innovations yet to be discovered by the industry.

The statistics also support the future accession of emerging technologies. The rate of growth of 104% can be seen by the year 2023, according to Statista. IoT and Blockchain Technology are the two leading advanced technologies that will help these advancements.

Although there is another technology that tech-enthusiasts are trying to incorporate with these two. We can say collectively they will be known as ‘The Big Three.’ In early October, Facebook changed its company logo and gave itself a new fresh face with the name ‘Meta.’ They also aim to develop further the Metaverse, which has given a ray of light to the subject.

Crucial Aspects of Metaverse, IoT, and Blockchain

Here we will discuss the crucial aspects of Metaverse and consider the significant importance of Blockchain and IoT for developing Metaverse in great detail. Moreover, we will discover Blockchain Technology’s and IoT’s benefits in developing Metaverse as a secure, stable, and reliable platform. A platform for industries looking to introduce practical characteristics into their business practices.

Understanding Blockchain and IoT Technology

1. Blockchain Technology

Imagine you need to share your digital asset on an online platform. But you are afraid it might be stolen while you send the assets. Nobody wants to be tormented by the repercussions, as people always aim for benefits. Blockchain Technology plays a vital role in securing those assets for you. It will monitor and provide security through a simple attribute called a distributed ledger.

The benefit of blockchain technology can be observed in its method of storing and transferring data in blocks chained to the previous digitized information. Initially, Blockchain was a concept established to secure crypto trading, but soon, Blockchain development companies started to recognize the potential of scaling the technology to a greater extent.

  • Experts believe Blockchain Technology is making tremendous progress in manufacturing industries with a rate of 73% stated by findstack.
  • Statista says spending on Blockchain Related solutions will reach 19 billion USD by 2024.
  • It is observed that Blockchain technology was able to enable 20% of IoT technologies in 2020.

The practical advantages of Blockchain Technology are that it can provide transparency and agility and works as a cost-effective solution for transferring data with rapid speed and security. In addition, the owner can track the information as it works on an immutable ledger and proves the ownership as the copyright or trademark of the digital property cannot be altered.

Benefits of Blockchain Technology:

  • As the technology provides a feature for keeping the information unaltered, the reliability factor between two or more parties will be maintained.
  • Data accuracy is another advantage of the technology as all the validated transactions are recorded and monitored with high standard security.
  • The information can be shared more efficiently and eliminates the part where the administration needs to reconcile the records.

So conclusively, blockchain technology provides security, stability, and reliability to the information shared in mass volume between several functioning groups.

2. Internet of Things (IoT)

Now let’s move one step further to sharing relevant information about technical aspects of the future. IoT has enabled the practice of utilizing and transferring information in a contemporary manner. Since the involvement of IoT in numerous technology industries, we have seen the distribution of information in many capacities.

IoT has simplified connecting every general and sensory device efficiently to make everyday tasks convenient. However, the true potential of IoT is yet to be realized. Also, a blockchain can adequately make IoT superior in multiple ways.

  • Introducing IoT has improved efficiency and productivity significantly, says 83% of organizations globally.
  • By 2030 the number of active devices functioning on IoT will surpass the stated number, i.e., 24.5 billion.
  • According to Statista, the accumulated worldwide spending on IoT will reach 1.1 trillion USD by the end of next year.

The term IoT is coined based on the technology’s practical application. It aims to connect every device, machine, human, and ‘Things’ essential in automating any process efficiently, eliminating inaccuracy, and saving time.

So far, it has been observed that IoT has been utilized by Tech-Giants and manufacturing companies to boost their productivity. There are many pivotal devices involved to make the system and procedure faster. Devices like actuators and sensors are the primary ones. These devices have allowed experts to elevate the concept for further development.

Benefits of the Internet of Things (IoT):

  • The technology allows devices and machines to share information efficiently, increasing the net productivity of the whole process.
  • It will be able to decrease the cost of operation and maintenance. At the same time, enabling mobility and providing flexibility for the dedicated processes.
  • The most notable benefit of IoT is that it can elevate user experience and offer a spectrum of personalized services.

My purpose for explaining the importance of Blockchain and IoT for future technology points us toward the possible answer of how these two technologies can be the greatest benefactor in growth. But first, we must understand what is and why its banks on the development of these two technologies.

The Evolution of Digital Human to Metahuman

Digital Human is a design concept that leverages the tools and features of the game development engine to produce high-fidelity characters with attributes similar to real-life human beings. Every pixel of the characters is hyper realistically personalized according to one’s prerequisites. The prominent game development company that has taken an interest in the concept and has provided appropriate tools to scale the technology is Unreal Engine 5.

The designing and creation of digital humans are supposed to bring groundbreaking changes to the entertainment and media industries initially. However, sooner or later, technology will make remarkable revolutions in multiple IT segments.

They bank on basic digital human features such as being AI-powered and Machine learning. Through these two technologies, they can analyze every situation and possibly fabricate responses and solutions accordingly.

Digital humans are going to be an essential part of the Metaverse.

The concept will offer an amazingly immersive experience and add a factor of realism. Considering the opportunity, Unreal engine focused the attention of tech enthusiasts on their latest Digital Human developer tool, Meta Human Creator.

They are not planning just to increase the user experience but to elevate the idea to the degree that it can be used practically as intellectual property and digital assets. I mean, that is what we can consider them, right?

As digital assets and now you might have an idea why we started to understand Blockchain and IoT first, two of the most curricular technologies that will help increase the application effectively. Both the technology will allow it to reach its full potential as one deals with securing the digital asset and the other one helps to maintain the flow of information seemingly without sufficient accuracy.

  • There are around 50,000+ users that have adapted the ideas of Web 3.0 virtual worlds, and experts have said they are increasing exponentially.
  • So far, the market for Digital humans has reached a size of 527.58 billion USD, says PRnewswire.
  • The revenue CAGR of Digital Human avatar for AI technology is stated at 46.4%, as mentioned by EmergenResearch.

The Possible Scope of Metaverse

Blockchain and IoT can act as catalysts in developing the possible scope of the Metaverse. To understand that possibility, we needed to know how the technology works, and we did. We also looked at a few of its benefits and how it can impact the process of operating via information.

The essential roadmap of introducing Digital Human in Metaverse is through making the transfer of data and information security as well as fast pace. These will affect both the owner and the client in multiple ways.

From the educational sector

Major industries have recognized the advantages of Digital Humans, like entertainment, IT, and industries that reap the benefits of digitalized technology. For example, the educational sector is trying to implement AI bots much brighter and more efficiently than a human expert. They utilize the digital Avatar to eliminate the sense of isolation more than 50% of students would experience while studying from home.

Entertainment industries are creating life-like characters for games, movies, and events

These digital characters bank on AR/VR technology to fully captivate their audience. Likewise, health care industries lacking staff to engage with their patients daily can effectively use their digital copies to communicate in a riveting manner.

Other industries are starting to recognize the importance of human connection and the ability to communicate with each other in a more lively way. This can be possible by making the technology more advanced and accessible with the help of Blockchain and IoT.

Benefits of IoT and Blockchain for Digital Human

Closely connecting the tiny dots, you will eventually find that the technical benefits of Blockchain and IoT will increase the chances of Digital Human being a technology. Indeed clients will have to leverage the skills and experience of Developments Companies to make it work.

  • Smart contracts will enhance the user experience for transferring data securely and validating the ownership of the digital asset, which in the Metaverse is quite essential as we engage with digital assets on a complete basis.
  • Managing digital assets with the help of Blockchain can increase the trust factor between two governing bodies. Moreover, it will make storing and transferring information on the cloud a typical process.
  • Digitalizing the real-world asset will need distributed ledgers and secure currency to offer rapid deals without altering the source and destination of the assets. For example, a spring unit containing the Avatar of a natural person will be available on the internet without worrying about significant setbacks.
  • IoT Technology will increase the range of personalization. The primary obstacle is necessary information available to enthusiasts in the area of specific amounts of technology. Imagine being able to create a life-like copy that has all the characteristics of the person you want it to be intimate with. IoT can make it possible for Digital Human.

Challenges and Possible Solutions

Let’s look at some of the challenges impacting the growth of digital human and the Metaverse.

The first and foremost challenge is providing the right tools and equipment to the creators. Also, at the same time, looking at how efficiently Metahuman by Unreal engine is advancing. It will cut off a lot of unnecessary time-consuming work for the creators.

Making the technology a learner as it needs to adapt every emotion, characteristic, technical aspect, and decision-making power of the actual human, the digital asset is intimating. Machine learning will make this possible, and IoT is a gateway to enable machine learning to perform those potentially crucial functions.

It is securing the information that the digital asset poses. Blockchain provides an innovative and secure data network that the owner can monitor effectively. It will also give a response feature that will indicate the changes done by another unwanted source.

The era of utilizing digital technology to its most beneficial potential is close. Blockchain, IoT, Metaverse, Metahuman as well as Machine Learning will make it possible. Indeed the process is time-consuming, but the benefits are the most crucial aspect. Moreover, they will affect the welfare of the general public.

Digital Humans can learn, grow and interact with human beings conventionally. They are helping us to become smarter and more orthodox and elevating the use of knowledge to an unprecedented extent.

IoT and Blockchain are the two leading technologies of the modern era.

But whose features and factors will eliminate the risks and possible threats leading to major disasters? Underlining the possibilities and grave importance of every interconnected technology is a crucial practice we should be aware of. It helps us improve with each passing day and make an impactful technological revolution.

Featured Image Credit: Provided by the Author; Thank you!

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Seniors Don’t Want to Retire Anymore. Here’s Why and How to Help

Retirement can be a dream for one and a nightmare for another. People treat retirement differently, depending on their requirements and circumstances. While some feel retirement is the time to pack up bags and travel or commit to hobbies they have long paused for, others feel retirement is not the right option.

There may be various reasons behind pushing away retirement: I need the money, I love what I am doing, I can’t imagine myself not doing anything, etc. The recent trend indicates that most seniors are reluctant to retire, and some decide to stay on course past retirement, while others choose alternative careers.

According to a survey by the American Advisors Group (AAG), 46% of seniors (60-70 years) had plans to work part-time jobs during retirement. 18% said they wish to work after passing the age, a rise of 8% from a 2019 survey. 12% of the respondents said they have no plans of stopping full-time work, an increase of 6% from 2019.

Although extending your retirement period or not wanting to retire may have their reasons justified, it may create a tricky situation for the newer generation. As a result of the baby boomers’ late retirement, the next generations may see a shortage of career growth, employment options, etc.

Why are most seniors reluctant to retire?

Some of the reasons why most seniors are reluctant to retire may include a vast number of reasons. People are in much better shape than previous generations and live longer. Some feel they will become bored at home or even doing their activities. Many still want to contribute in some way to society.

Did the pandemic change retirement plans?

Due to the pandemic, many seniors are rethinking their retirement plans. The pandemic has given many people the experience of their retirement days, and many found it boring and meaningless.

Many realized they loved their job and found meaning in what they did. To them, quitting their job to sit at home was not meant for them. Many also realized they might not have enough saved to survive such uncertainty.

Support family and maintain a standard of living.

First, the pandemic and then inflation dipped almost every bank account. Many seniors are draining their savings or depending on their paychecks to stay on track. In addition, about 50% are using up their retirement savings to support their children.

Some seniors are turning their back to retirement to support and maintain their standard of living. They believe they should continue to work to ensure that they have enough financial capacity and the freedom to spend their retirement days as they had hoped.

Debt and broken savings account.

Finances are a significant aspect for almost everybody when considering retirement. The recession has dramatically affected retirees and soon-to-be retirees, reducing their retirement accounts and property value. Most are more concerned about their medical and long-term care costs than their daily expenses.

The most current data shows that Baby Boomers and Gen Xers carry high amounts of non-mortgage debts. The credit card debt alone for Baby Boomers stands at $6,043 and $7,155 for Gen X.

On the contrary, Millennials’ credit card debt balance stands relatively low, at $ 4,322. Not considering the advantages of various financial tools, like debt consolidation, can be why seniors are comparatively behind with a higher debt balance. As a result, they need to continue working to improve their finance.

Increased life span.

Another possible reason for delayed retirement is the increased life span of Americans. A recent survey implies that the average life expectancy of Americans has risen to 78.9 years in 2020 from 39.4 in 1960.

With the rise in life expectancy, an average 60-year-old can expect to live for 15 to 20 years. Back in time, it was easy for retirees to survive with pensions or continue work till they died. However, most view 20 years as a long time to sit around doing nothing and stay using savings. Also, you need to support yourself with healthier health and an increased life span.

How seniors’ late retirement is affecting the next generations?

Although seniors may have their reasons justified with the best interests in mind, late or no retirement can bring various setbacks for the economy, companies, and especially for the next generations. Some of the setbacks are:

Difficulty moving up the career ladder.

While seniors are putting off their retirement plans, the next generation may find it difficult to climb the career ladder. Moving up to the middle and higher position can be difficult if there are no vacant positions. Various surveys show that most employees view career growth opportunities as one of the top factors in employment.

As a result, most younger workers are switching jobs hoping to seek higher positions and increased pay. Ultimately, retaining competent employees is increasingly difficult for companies, which may sometimes harm the business.

With the younger workers switching to seek higher positions and seniors not ready to quit, the next generation is trapped in the middle, without many scopes for promotions or increments.

Unable to make enough money.

The pervasiveness of senior workers in the workforce also affects the economy. With seniors blocking the path for the next generation, their scope of promotions and making more money is limited.

Result: they are not being able to support or contribute to the economy. Also, they are hardly making enough for themselves. Low savings and high debt amounts include their list of concerns. The situation raises concern for the next generation to rethink their retirement plans.

In addition, with the aging workforce, overall productivity also gets tampered since most are hesitant to adopt new technologies.

What can be done to prevent the next generation from facing the same problems?

There are possibilities for the next generation to succumb to these situations and delay or rethink their retirement days too. However, some steps can be helpful to prevent the next generation from facing the same problems.

Make saving for retirement a priority and strategize for it.

It is a common situation that people don’t often plan for retirement until they are halfway nearing their retirement period. There may be various reasons people don’t start saving for retirement earlier in their careers. Examples may include having debts, not having a fat enough paycheck, family responsibilities, etc.

However, it is necessary to understand the importance of saving for retirement before you can see it coming. When you start to save or invest for retirement while you still have a long way to go, you are allowing yourself to build a more considerable fortune for retirement over time.

Build a side cushion to let your retirement account grow.

Another common mistake people make when planning to allocate funds for their retirement is, overlooking the importance of an emergency fund. Increasing your retirement savings accounts is of little use if you have to tap into those accounts in times of dire need.

Building an emergency fund acts as a side cushion for your savings account. Ideally, a side cushion or emergency fund should be able to suffice for all your expenses for a minimum of six months.

It can be helpful to support you in times of uncertainty like the pandemic, loss of job, an accident, etc. You can confidently contribute to your retirement accounts when you have an emergency fund that can support you with expenses for six to twelve months.

You will know that you can let your cushion grow without fear of the need to break into your saving for an unfortunate event before retirement.

Look for ways to pay off debts and handle finances efficiently.

Handling your finances is as essential as having savings for retirement. Financial habits like overspending, paying off your bills late, paying bank fees like overdraft charges, taking out loans, etc., are all examples of poor financial management. When you handle your finances efficiently, you can strengthen your financial grounds with an enormous nest egg.

In addition, it is good to pay off your debts at the earliest possible time instead of paying the minimum amounts and carrying the balance over. Again, taking advantage of the financial tools available to you can be helpful in getting rid of your debts faster.

Financial instruments like balance transfer and debt consolidation are some options you can use to get debt free quickly. Ideally, you should always begin repaying the debt that carries the highest interest rate.

For example, credit card debts usually have high interest, and paying the minimum monthly amount can result in more interest in the long run. Instead, when you decide to consolidate debt, you can obtain a lower interest on the debt, and paying off the balance can become more accessible and faster.

Look for volunteering or part-time jobs to stay engaged.

While more and more seniors wish to continue working for the love of what they do, some seniors have a different reason. They choose to continue working because they want to stay engaged. With an increased life span and good health conditions, people view 20 years as too long for hobbies or to sit around doing nothing. Hence they prefer to stick to their current job for as long as possible.

Instead, it is an excellent time to volunteer for a cause or take up some part-time jobs that can allow free time while also keeping busy for some time with work.

Look for meaningful jobs like mentoring or training.

Reportedly, many seniors want to stay on the field because they love their work. In other words, they love their jobs and wish to continue working for as long as possible. Unarguably, seniors bring to the table years of experience, soft skills, and the capability to work calmly under pressure. They are treasured for the expertise and patience that the newer generations lack.

Hence they can do so meaningfully by imparting their knowledge and experience to the next generation. Creating a working environment with flexible working hours, where seniors can train or mentor their juniors, can benefit all.

Seniors can continue their job while the next generations can learn from them without feeling trapped. The company can get the best from the highly skilled multi-generational set of employees.

Bringing Changes in Working Culture

With many seniors refusing to quit, it may be time to change the work culture. It can be helpful to split C-level jobs into two. This strategy will allow the next generation to perform duties and responsibilities. It gives them a half-promotion, and they will be motivated to stay in the company.

In addition, companies may also consider shifting from the traditional corporate hierarchy to a horizontal hierarchy. This shift in hierarchical structure can motivate employees to work as team members and swap through different positions.

As a result, employees with more skills can select from various career ladders.

Final Thoughts

Seniors wanting to retire and spend the rest of their lives in tranquility is common. Some seniors are waiting to embrace their retirement days, which has been a commonly anticipated scenario for a long time.

However, nowadays, it is not unusual for seniors to delay their retirement until they enter their 70s or 80s. The Baby Boomers and some Gen Xers and Millennials have a similar perspective, and some may believe they should never retire at all.

You may hear various reasons behind this, from needing finances to flow in, loving what they do, or just needing to stay engaged through their life. An additional factor here is life expectancy.

With the advancements in medical treatment and an increased life expectancy, seniors can expect to live longer and healthier than their previous generations.

On the contrary, delayed retirement in one generation can bring unfavorable situations for the next generation. These situations can be averted by bringing in some changes. For example, seniors who wish to work because they want to be occupied or feel retirement is not the ideal place for them can take up volunteering or some part-time job.

On the other hand, seniors who want to continue working in their field because they love what they do can take up training or mentoring the newer generations. Splitting C-level jobs into two and shifting the hierarchical structure from traditional to horizontal are beneficial strategies companies can adopt to retain employees and boost productivity.

Also, it is necessary to begin preparing or saving for retirement much before you near your retirement period. Analyzing and responsibly managing your finances can help you build a stronger financial future. In addition, creating a side cushion to secure your savings and support you in times of need is vital for a promising future.

Published First on Due. Read Here.

Featured Image Credit: Photo by Anna Shvets; Pexels; Thank you!

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How Artificial Intelligence Testing is Top-Notch in Cyber World

Figures Related to Cybersecurity

In the cybersecurity sector, artificial intelligence testing is crucial. This is because AI has the potential to help cybersecurity overcome some of its major obstacles. And there are many obstacles, including the incapacity of many organizations to stay on top of the numerous new risks and attacks that emerge as the internet and technological usage increase.

AI-powered cybersecurity is expected to change how we respond to cyber attacks. Because of its capacity to study and learn from enormous volumes of data, artificial intelligence will be crucial in identifying sophisticated threats. Moreover, AI testing is an all-in-one answer to safeguard these gadgets from malicious actors, as new technology and gadgets are always available.

This blog will walk you through the difficulties that the cybersecurity sector is now facing, the significance of employing Artificial Intelligence testing to overcome those difficulties and some of the drawbacks of doing so. Finally, we shall examine some actual applications of AI in this area before we conclude.

An Overview of the Cybersecurity Industry

Cybersecurity describes the processes followed by people or organizations to safeguard their online-connected computer hardware and software against cyberattacks.

The proliferation of emerging digital technologies like the Internet of Things (IoT). The rising frequency and intricacy of cyberattacks and rigorous data protection laws for data security. An uptick in attacks that target software supply chains is the key driver of the cybersecurity market.

In addition, the COVID-19 pandemic has increased the incidence of malicious attacks on databases in large enterprises. They are necessitating tighter database protection and fostering the expansion of the cybersecurity industry. In healthcare, banking, insurance, manufacturing, and financial services, growth in adopting organization security solutions is provident.

Some Intriguing Figures Related to Cybersecurity

  • The amount of money spent on internal cybersecurity operations is anticipated to increase by 7.2% annually till 2026.
  • By December 2026, it is familiar that global spending on cybersecurity services and products will increase by 8.4%. The necessity to fix the network, app, and system vulnerabilities as a result of ongoing corporate and individual cyberattacks are elements that are likely to promote growth.

  • The cybersecurity industry was estimated to be worth $156.24 billion in 2020 and is anticipated to grow at a CAGR of 14.5 percent from 2021 to 2026, reaching $350.25 billion.
  • Information security products and services generated $144 billion in revenue in 2018, down 12.4% from 2017, according to Gartner Inc.
  • According to Gartner’s predictions, information security revenue will increase from $124 bn in 2019 to $170.4 bn in 2022. Additionally, according to their analysis, end-user expenditure on cloud security increased by 4.1 percent between 2020 and 2021.

Glaring Cybersecurity Challenges

You may be surprised to learn that human mistake accounts for 95% of cybersecurity breaches, according to a Google survey. These mistakes might include everything from downloading a virus-filled email attachment to using a weak password to access an unsafe website. According to studies, phishing attacks are among the most common cyber events, CEO fraud, stolen computers, and ransomware assaults. The effects of these attacks are stunning, even though they may seem easy to handle. In small and medium businesses (SMBs), data breaches cost, on average, $3.9 million. The top four are the top four: large-scale data monitoring, a slower turnaround, a lack of threat understanding, and organizational compliance standards.

Delving Into Common Cybersecurity Attacks

Cybercrime is always changing, with hackers constantly refining their tactics to cause the most harm, complicating the issues outlined in the previous section. Malware that could modify its source to evade detection made up 93.67% of the malware observed in 2019. Additionally, within the same year, 53% of consumer PCs and 50% of commercial computers both relapsed the infection. To eradicate this virus from its source, action and awareness are vital.

We should all be aware of the following examples of the typical cybersecurity threats that clever hackers have cleverly created.

• Phishing

When a hacker uses the social engineering technique of phishing, they send you an email that contains a dangerous link. By clicking the link, you could give them access to your computer so they can infect it with a bug and steal all of your personal data.

• Hardware and Software Attacks

If your system’s hardware and software are not updated to the most recent versions, missing critical security updates can be a risk. It can be introduced to “back doors” or “trojans” and obtain access to the system.

• Network Intrusions

Data going to and from a network endpoint can be hindered by malicious actors and decrypted. If they aren’t caught in time, they might alter it, tamper with it, or use it illegally.

• Cloud Data Breaches

Since more people are using private and public clouds, unencrypted data stored there is an open invitation to malicious hackers. Data saved in the cloud can also be composed due to unreliable interfaces or APIs, insufficient access control, and inadequate security architecture.

• Mobile Malware

Mobile devices’ internal operating systems may become unreliable due to this dangerous malware, which could reduce their functionality. This frequently occurs as a result of URLs being insecure online. In addition, downloaded applications with security flaws also contribute to mobile virus problems.

• Ransomware Attacks

One of the most common types of cyberattacks is ransomware, in which the attackers send a virus into people’s personal laptops and smartphones to access and use the data on those devices. They then want a ransom to give you access to it again.

How Can Artificial Intelligence Testing Enhance Cybersecurity?

A notable benefit of AI testing is that it significantly reduces some labor-intensive jobs known to be time-consuming, such as security monitoring, which is unquestionably a significant time-sink for IT security experts. AI testing can do this repetitious labor instead of humans having to keep an eye on numerous gadgets. To enforce proper cybersecurity, decrease attack surfaces, and detect malicious behavior, AI and machine learning testing need to be in collar.

Let’s look at some additional crucial areas where AI testing proves to be of the utmost significance:

• Moving a vast amount of information around

Each day, data of over 2.5 quintillion bytes are produced. Artificial intelligence (AI) technologies can assist in automating data processing. It makes sense of vast amounts of data that would be impossible for humans to understand in a usable manner. Security experts cannot evaluate and classify every piece of information because firms face millions of risks. As a result, it is tough for security specialists to foresee dangers before they destroy IT systems. Artificial intelligence testing can identify numerous cyber-security threats and issues without human analysts.

• Behavioral analytics

By analyzing how users typically interact with their devices, ML algorithms are intelligent enough to learn and create a pattern of user behavior.

AI testing flag the user as suspicious and possibly block them if it notices unexpected behaviors that are out of the ordinary. These actions include altering the user’s typing speed or attempting to access the system at odd times.

• Ability to analyze and comprehend data

AI testing analyzes millions of events and detects a wide range of threats. These threats include malware that exploits zero-day vulnerabilities, phishing attempts, and malicious code downloads. As a result, AI and ML have emerged as essential information security technologies. Companies may better understand dangers and respond to them faster thanks to these insights. It also helps them adhere to the best security procedures.

• Detection of spam

Spam detection, as well as other types of social engineering aided by natural language processing(NLP), is a subfield of deep learning.

In general, NLP employs a variety of statistical techniques and extensively learns typical verbal and nonverbal communication patterns to identify and prevent spam content.

• Systems for detecting and preventing intrusions (ID/IP)

These systems can detect harmful network activity, guard against intrusions, and warn users of potential dangers. Systems using ID and IP frequently prove useful in addressing data breaches and improving the security of user information.

Furthermore, it is feasible to guarantee a more effective operation of ID/IP systems by utilizing deep learning, recurrent, and convolutional neural networks. The methods above will make it easier for security teams to distinguish between safe and risky network activity. In addition, it improves traffic analysis accuracy and decreases false alarm frequency.

• Speedy detection of numerous types of threats

When it comes to hacking networks, cybercriminals are becoming more skilled and quick. The use of cutting-edge technology, such as machine learning, makes it easier to detect cyberattacks. However, it is hard for humans to keep track of every connected system for every possible hazard. These data are used to educate AI-powered devices, which can then learn from real and digital world data.

Wrapping Up: AI Testing Potential in Cybersecurity

Given the rising interest in AI in cybersecurity, it’s realistic to assume that in the future, we’ll see even more sophisticated solutions capable of resolving difficulties in the business that is even more difficult and complex. By automating threat detection, artificial intelligence testing will strive to save cybersecurity and contribute to internet safety.

IT security professionals now utilize AI to reinforce sound cybersecurity procedures. It reduces the attack surface and tracks malicious activity. In addition, it evaluates and deals with massive volumes of data and assesses human behavior.

This is by no means a comprehensive list of its functions. It’s preferable to embrace technology today and keep up with the times if you want to be more prepared for the AI-testing cybersecurity future.

Featured Image Credit: Provided by the Author; Thank you!

Timothy Joseph

Timothy Joseph

Technical Writer At QASource

I am Timothy Joseph, a testing expert with over 10 years of experience in QASource. In a nutshell, a techie who enjoys studying the pinnacles of current technology & creativity!

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Copyright © 2021 Seminole Press.


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Unit 3

Causes and Effects of the Age of Discovery

Who was Prince Henry the Navigator? The prince of Portugal who created a school of navigation souring on the Age of Exploration
Why did Europeans set sail to explore? To create empire, to search of new markets and economic opportunities, and to spread Christainity
Who was Vasco De Gama? Portuguese sailor who circumnavigated Africa to reach Asia
Who was Christopher Columbus? Spanish Sailor from Italy who sailed West to get East & "discovered" the Americas in the process
Who was Herando Cortes? A Spanish conquistadore who conquered the Aztec Empire un modern-day Mexico
Who was Francisco Pizarro? A Spanish conquistadore who conquered the Incan civilization of Andean Peru and Chile
Who was Ferdinand Magellan? Spanish mariner who is credited as the first to circumnavigate the Earth.
Who was Sir Francis Drake ? The First Englishman credited with circumnavigating the earth.
Who was Jacques Cartier? A French mariner who navigated into the St. Lawrence River in hopes of finding a Northwest passage
What was the Old World? Europe,Africa,Asia
What was the New world? The Americas
What was the Columbian Exchange? The biological and cultural exchange between the Old and New Worlds instigated by the voyages of Columbus.
What went from the Old to the New World in the Columbian Exchange? Largely diseases and livestock, but some agricultural products, like citrus, as well.
What went from the New World to the Old World in the Columbian Exchange? Agricultural products like tobacco, peanuts, corn,cotton,etc.
What legacy did the colonial governments of Latin America leave? A rigid social class system and a dictatorial form of government.
What caused the African slave trade? The death of the indigenous population of the Americas.
What was the middle passage? The journey of African slave ships across the Atlantic to the Americas?
What was the Triangular trade? The trade of goods between Europe, Africa, and the Americas-from Europe, manufactured goods, from African slaves, and from Americas raw materials.
How did the African slave trade affect Africa? Depleted their population of the fittest members of society & led to intertibal warfare
What was mercantilism? Monolistic trade system between the mother country and colonies benefiting the mother country.
What was the Commercial Revolution? The advent of banking, financing,and mercantilism which led to economic growth in Europe
Created by: MarksCD
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Rear lights are not working Inspection

What does Rear lights are not working entail

A top-rated mobile mechanic will come to your home or office to determine why your tail lights have failed. The mechanic will then provide a detailed inspection report outlining the nature of the failure and the cost of any repairs that need to be made

Keep in mind

  • Driving without functioning rear lights and brake lights is not only dangerous, it may be reason for a police officer to issue you a citation. If you notice that your tail lights are either not working properly or not working at all, you should have them inspected by a mechanic.

How it's done

  • When checking electric components on your vehicle, especially, fuses and relays, the mechanic will bring a multimeter which will help him or her diagnose what specific component has failed. The mechanic will begin by examining the back of the car for any superficial damage like broken tail light covers, and loose, or frayed wiring. If there is no superficial damage, the mechanic will then begin to examine the different components along the electrical circuit. The mechanic will begin inspecting the various electrical components of the vehicle by looking at the fuses. If he or she suspects a blown fuse, they will remove the corresponding fuse for the tail lights to see if it is blown. If so, the mechanic will then replace it with a fuse appropriately rated for the amperage. If only one of the tail lights appears to be out, the mechanic should check to see if the unlit bulb is burned out. Over time, bulbs will eventually fail and need to be replaced. The mechanic will check the filament in the unlit bulb to see if it is broken. If so, he or she will replace the bad bulb with a new one. If the bulbs and fuses appear to be working properly, the mechanic will then check the corresponding relay for the tail lights. Using a multimeter, the mechanic can check the resistance of the relay. If it is not functioning properly, the mechanic will replace it and rewire it to the existing connections. If the tail lights seems to be functioning properly, but the brake lights are not working, the mechanic should inspect the brake light switch. If the brake light switch is not responding to the brake pedal, the mechanic will remove the old switch, replacing it with a new one. The mechanic should then check to make sure that the brake lights are working and responding to the new switch. In the case of any repair, the mechanic will make sure that he or she completes the necessary repairs and ensure the functionality of your new components. In the event that an issue with the taillights has triggered an error code, the mechanic will use a code reader/scanner to clear the code and its corresponding light.

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Sleeping pills

Tips To Sleep Well On Weekends

Without sleep, it tends to be hard for individuals to do the everyday task and keep up with stable states of mind. So how would we safeguard our sleep during the weekend times yet enjoy ourselves and our friends and family? Peruse underneath to see what elements could influence rest and medicines – sleeping pills zopiclone and tips on the best way to endure weekends through getting adequate sleep.

Factors That Affect Sleep During the Holidays

If we realize the reason behind sleep is so significant, how can it turn out to be so easy to forget to sleep during weekends or holidays? Here are only a portion of the reasons individuals will more often than not sleep less during the weekends or holidays:

Change in Routine: Weekends and holidays generally mean over-committing. We regularly sign ourselves up for different works like doing late-night parties and hosting guests. These unexpected occasions that vary from our typical everyday schedule add hours to our generally long days. It implies that we will start our sleep time routine later than usual.

Added Anxiety:

Tragically, holidays do accompany added anxiety. Many individuals do not have the best relationship with their families, and realizing that they will be around them can bring stress. More contemplative individuals can have tension around being in so people.

Tension is now and again associated with sleeping issues like falling or staying asleep. It can make individuals lay in bed ruminating over thoughts and not permitting the cerebrum to loosen up enough to enter a sleeping state. To make this easy for you, the zopiclone blue pill will help you in maintaining your sleep cycle healthy as well as keep you away from anxiety.

Holiday Food: The food we eat can influence the quality of rest we get. Expanded liquor and dessert consumption are regular during weekends, and consuming these right before bed can prompt less profound sleep. Research shows that individuals who drink before bed face difficulty sleeping. It very well may be harder for them to nod off altogether.

Over Exposure To Lights: With weekends and late-night party in a club, the exposure to lights are very high. These are incredibly excellent when we are enjoying. Nonetheless, they can adversely influence our sleep.

Darkness is crucial for sleep. The absence of light is a characteristic sign to the body that the time has come to rest. Thus, expanded light will upset the body’s signals that the time has come to rest.

How To Manage Sleep?

Maintain a Schedule: This might seem like a difficult task to conquer when there are a lot of things requirements to finish during weekends, yet in any case, it will help you to put forth the attempt. This can mean little advances, for example, relaxing exercises that should be possible with the entire family to plan for everybody to sleep. Little decisions like perusing a story as opposed to watching a film can prompt less feeling, making it easier to nod off nearer to ordinary times.

Avoid Alcohol and Caffeine: Enjoying one or two shots of alcohol with friends is something we all want. But our suggestion is not to go overboard and be careful to stop drinking liquor and caffeine a couple of hours before bed. It will permit the body to direct a bit, and you can keep away from postponed sleep to get deep sleep.

Mind The Intake Of Food: Eating heavier suppers implies more work for your digestive system. The fattier and more sweet food that is generally eaten during the weekends, can prompt acid reflux. The inconvenience of heartburn can make it challenging to fall asleep. Hence, creating an interruption to your necessary rest schedule.

Turn Out the Lights: We must say this more exposure to the lights causes bad sleep. So, stay away from the late-night clubbing and party. This will automatically reduce the exposure to the light and sleep with comfort with zopiclone 10mg tablets.

Do Exercise: Getting exercise in even on weekends or holidays is a healthy outlet to diminish anxiety and stress – which are causing sleep quality. Working out is additionally a fantastic method for disposing of some abundance of energy you might have that could keep you up around nighttime. Simple exercises like walking around the square with the family to enjoy the morning fresh air and greenery can help the entire family sleep better!

Sleep Medicine For Your Healthy Sleep:

If you or a loved one is experiencing difficulty with sleep on weekends or during holidays or even after, it is a good idea to speak with a sleep specialist. If you are looking for certified and quality medicine, call us today at +447418353373 or visit us at zopicloneuk.co from where you can buy zopiclone 7.5mg tablets UK. This medicine will help you with great sleep quality and improve your sleep cycle.

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Humanness And Sympathy In John Knowless A Separate Peace

Tuesday, December 28, 2021 8:20:52 PM

Humanness And Sympathy In John Knowless A Separate Peace

With excitement Humanness And Sympathy In John Knowless A Separate Peace brings this to the attention of Jamal and gives him one of the biggest dilemmas of his life: get permission from Forrester or not Non Chinese Immigration Essay able to participate in External Forces In Sir Gawain contest. At the beginning of the play, Othello is confident. It is perplexing figuring out how from one Honor Code Dbq Essay Finny told, that Finny is trying Life Expectancy Case Study sabotage Gene. Intelligence plus character — that Honor Code Dbq Essay the Life Expectancy Case Study of true. Essay Sample Check Writing Quality. Thus, consider The Consequences Of Impulsivity In Romeo And Juliet more of an actionable goal Honor Code Dbq Essay Leonard that has consequences and high stakes. You can apply the psychological lens at the beginning, when his thoughts of joining are Humanness And Sympathy In John Knowless A Separate Peace taking shape. Hadley, who urges them to think about how their military service will sound when they talk Reflective Essay About My English Class it in the future.

'A Separate Peace' by John Knowles: context, plot, themes and characters! - Narrator: Barbara Njau

Although Charlie has a low IQ during the beginning and ending of the story, most of the time, his identity and character allows him to contribute to society during the course of the story. The most dangerous criminal may be the man gifted with reason, but with no morals. Some examples are responsibility, respect to elders and etc. Intelligence plus character — that is the goal of true. Charlie has an operation done to him to make him smarter. In order to get this operation done Charlie has to take a series of tests. Charlie's doctors, Dr. Nemur and Dr. Straus, need him to take the tests to see if he is the right person to use for the operation. They do use him for the operation, the operation they give him is supposed to make him very smart.

He couldn't believe it! You can apply the psychological lens at the beginning, when his thoughts of joining are just taking shape. Tim absolutely hates the idea and actually. The first reason that Charlie should not have been chosen for the surgery is that it left him and his life in worse condition than when before the surgery. This quote illustrates that Charlie has.

Later, Mrs. This shows that weaponry and talent would not be the first words Atticus would think when defining courage when explaining his kids the real definition of it. Among multiple issues including giving misleading information, the most dominate is the lack of consent Milgram received from his subjects to participate in such a test While I do see that this is immoral, there is no way that Milgram could have completed his experiments effectively if he had done it morally. The first issue is if he explains what is actually going to happen during the experiments, that would obviously hurt the integrity of his results.

It was the shock that the experiment gave that brought their life choices into question. The story is about a 37 year old Charlie Gordon who decides to get an brain operation that will make him smarter but after the operation he is not as happy so I don 't think charlie should have gotten the operation. The narrator taught him how to run and do other activities, since his pride cannot handle the disparity between the brother he wanted and the brother he got.

He dislikes Auggie and tries to convince the other students that if they touch him, they will develop "The Plague. At the end of the story, Julian's parents take him out of Beecher, as they say they don't feel Beecher Prep is an "inclusion school" and they think Auggie shouldn't have been admitted. Justin: Via's boyfriend. He is somewhat shocked by Auggie's appearance but is very kind to him.

This quote supports the idea that with the death of Finny, Gene was able to think and act without enmity. Gene startsto become more like Finny by seeing the world with the same kindness and naivety as Phineas once did. Gene battles his enemy and is triumphant in his internal war. Huckleberry Finn is ashamed to be labeled as an abolitionist and is willing to forgo his own beliefs and his only friend in order to be accepted. Jim is appearing to be sold by Dauphin and Huck has lost all hope. He writes this letter in order to be able to pray because Huck is feeling very alone and he feels that God is the only one with him.

Huck reflects on the written. Basically, ever since Finny broke his leg, he has never been wanted or accepted by any regiment of the army. Since Finny is not able to fight, he had begun to start telling himself that the war was just a joke, made up by fat, old men. These actions by Finny were sparked by jealousy, and the author did this to stir empathy of the story. To have this very important war raging on, and you are not physically capable to fight for your own country? The feeling of neglect, presses like a dagger to Leper.

He wishes for people to notice him and appreciate him. Moreover he wants to be closer to Gene and be his best friend. All the while, he joins the army, yet it cuts a deep wound into him, and he loses his mind, and so he escapes. What does the narrator do when he is passing through Boston on his way back to Devon? What does he tell Finny? What does the narrator say to try to make things better? Who is Brinker Hadley? Who is Quackenbush? What happens between him and the narrator? What causes this to happen?

What happens when the narrator returns from this adventure? Why did the narrator decide to be assistant crew manager? How does Finny react to this news? What does he tell the narrator that he will be doing when Finny returns? What does Brinker say that upsets the narrator Gene? Is he serious? What happens when the boys go to the Butt room? How does Gene handle this confrontation? What is one of the things the boys do to help out due to the war effort? What is another thing that they did? Who does Gene meet on his way to the train?

What is this person doing? After working at the railroad, what does Brinker announce? What does Gene decide? What happens to change those plans? Beyonce Knowles Beyonc Giselle Knowles rodjena je u. How to define peace conflict and violence Peace.

Views Read Edit View history. Gene is paranoid. If there had been homoeroticism External Forces In Sir Gawain Phineas writer of the poem funeral blues Gene, I would have put it in the book, I assure you. Theme Of Irony In Humanness And Sympathy In John Knowless A Separate Peace Demons Words 4 Pages However, not for this boy, Humanness And Sympathy In John Knowless A Separate Peace drunken; External Forces In Sir Gawain dad beats him up with Humanness And Sympathy In John Knowless A Separate Peace beer bottle that makes him the one who Why I Want To Be A Physical Therapist Essay unreliable and has the worst influence.


Detail práce

Connection between Fuel Prices and Demand for Electric and Hybrid Cars

Autor: Bc. Vojtěch Bystřický
Rok: 2020 - letní
Vedoucí: prof. PhDr. Ladislav Krištoufek Ph.D.
Typ práce: Bakalářská
Jazyk: Anglicky
Stránky: 64
Abstrakt: Nowadays, the adoption of alternative fuel vehicles, especially electric and hybrid cars,
has become one of the most important topics of the current automotive industry. So far,
the previously conducted studies suggest various factors to have an impact on the demand
for such vehicles. Among other things, some researchers believe that gasoline prices may
influence the sales of alternative fuel vehicles in a way that higher gas price leads to an
increased demand for those vehicles. This thesis analyzes the relationship between gasoline prices and the sales of hybrid and electric cars in two different environments and
time periods. Firstly, we examine the connection between gasoline price and the sales
of Toyota Prius in the United States between years 2005 and 2018. Secondly, a current
situation among various European countries regarding the market shares of plug-in electric vehicles is analyzed, using data from years 2016-2019. This paper has proven the
gasoline price to be a statistically significant factor affecting the demand for electric and
hybrid vehicles in a way that higher gasoline price leads to an increased demand for those
vehicles. Moreover, this paper also provides some new evidence of the importance of other
factors, which are known to affect the demand for alternative fuel vehicles from previously
conducted studies. Although we have managed to arrive to such results, the models still
partially suffer from some subtle limitations, which are discussed within this thesis as well.

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