inflation is both good and bad. It is good when it is mild and a driver of economic growth and bad when it is high and it slows growth. Since our lives are tied to the economy, the ripple effect of inflation reaches us in one way or another. Here are five ways in which inflation impacts your life: Effect on Retirement Planning Inflation has a negative impact on peoples’ retirement payments. If the rate of inflation is high, the value of your retirement package will depreciate. The savings remain steady throughout your retirement. Therefore, if the value of money falls, you will afford fewer goods and services. Your standard of living will be lower than you had anticipated. The best way to avoid the ill effects of inflation is through better retirement planning. This means that if you are planning for retirement, keep the target amount that you raise high. Start saving as soon as you start earning so that you can accrue more returns in form of interest if your plan allows it. A … [Read more...] about 5 Ways in Which Inflation Impacts Your Life
Computing in the cloud has become commonplace and many consumers are unaware of just how many systems involve this remote and redundant virtual technology. While often in used when referring to bespoke in-house IT solutions and frameworks intended to be used in conjunction with larger corporations, the fact of the matter is that the home-based business can take full advantage of the associated advantages. However, some entrepreneurs are still on the fence and they are hesitant to migrate into the cloud. This is often caused by a lack of understanding of how such systems function or the inability to appreciate their associated windfalls. Let us address this topic in two sections in order to quell any misgivings as well as to fully comprehend what is in store. The Technical Benefits of Cloud-Based Home Business Solutions There are many concerns which need to be faced by even the smallest home-based business; not the least of which is reliability. … [Read more...] about Should You Run a Home Business from the Cloud?
Kanban and Scrum are two commonly used tools in software development and related fields, designed to give teams the ability to iterate quickly and effectively without wasting their effort on unnecessary tasks. Both methodologies achieve this in different ways, and hearing someone use the two terms interchangeably is a sure sign that they are probably not too experienced in that field. Team and Task Organization One of the most obvious differences between Kanban vs Scrum lies in how they treat the people contributing to the project and the relationships between them, as well as how tasks are assigned and completed over time. With Kanban, there are no strictly defined roles for each contributor, even though different people will likely gravitate towards particular fields on their own. Scrum is not as relaxed in this regard, defining specific positions such as a Project Owner, Scrum Master, and a Scrum Team. This also means that, in most cases, anyone contributing to the project will be … [Read more...] about Kanban vs Scrum
artificial intelligence development. A conference held by Gartner in 2017 stated: “Consumer demand for voice devices is expected to generate $3.5 billion by 2021.” As a result, tech giants like Amazon, Google, and Microsoft (News - Alert) are investing heavily in conversational interfaces. These interfaces eliminate the complex keyboard interactions by using the simplest tool- voice-command. VUIs mobile applications like Cortana, Siri, Google (News - Alert) Now have already become mainstream for voice searches, entertainment, shopping and much more. Not to miss out voice-user interface devices, such as Google Home and Amazon Alexa, are also on the rise. Furthermore, the introduction of ‘Actions on Google Platform’ and ‘Alexa Skills’ allow developers to create custom interactions. This addition is transforming the way customers interact with a brand across many industries like hospitality, eCommerce, real estate, healthcare etc. … [Read more...] about Top 4 Reasons Why Businesses Need to Focus on Voice Technologies in 2019
The trick comes in knowing what technology to use. New technology enters the market almost daily, which can be tricky. Parts of this technology can be expensive, making acquisition cost unattainable for SMEs. But parts of it are also inefficient and unhelpful – especially to your organisation and team. Finding the right technology and implementing it properly can, therefore, come with its own growing pains. However, the payoff at the end of it could be an enormous kick in productivity for the team. But why is technology so important to productivity? And more importantly, how can you find the right technology to help, not hinder? Focuses and prioritises tasks With the help of technology, team members will find it easier to prioritise task. They are able to focus on the things and tasks that matter the most and which require their full attention. The truth is that there are many things your team members might have to do during the day that aren’t important in the most … [Read more...] about How Investing in Technology Can Boost Productivity