All posts by bowersm1

How Entrepreneurs Can Survive the Next Recession

Talks of a possible recession scarces all Americans, but especially entrepreneurs who usually have more to lose as it had to the uncertaintity of owning a business. To make sure that your business will survive a potential recession, it is important to have a strategy. Here are four things to think about to be prepared : tweak your value offering, choose flexibility over cost, renegotiate contracts with suppliers and think about it as an opportunity to expand. Read More >>

Meet the Algorithms Planning Your Online Purchases

All online shoppers are becoming familiar with algorithms tailored to be the perfect salesperson. With the rise of AI and machine-learning in e-commerce, algorithm-driven personalisation of the customer’s experience is becoming crucial and deternmining the role of Ai in economy is very important. Indeed, using AI to define a marketplace can be messy as some purchasing pattern variants depends on unstructured data such as customer’s reviews, so it is important for entrepreneurs to understand the economic sturcture of the problem when applying AI to solve it. Jack Chua, Direct of Data Science at Hotwire shares 3 tips for a succesful implementation of algorithmic business solutions. Read More>>

Artificial Intelligence Is Improving How Companies Do Business

With the advance of technology, AI is everywhere, improving the way we live our lives and how we run our businesses. Every day, AI seems to find new ways for entrepreneurs to find and serve customers. Adam Pah, clinical associate professor of management and organization at Kellogg, highlights some of the significant trends in Artificial Intelligence that are changing the way companies address their customers. These are: natural language processing and machine-learning software which help companies gather feedback from the customers efficiently; making smart recommendations. But, the increased presence of AI trying to improve customer service lead to privacy concerns that are still being addressed. Read More >> 

Founders Should Stop Freaking Out About Maintaining a Startup Culture

Maynard Webb, former CEO of LiveOps and former COO of eBay offers candid advice to entrepreneurs and founders. He answers a question about how to maintain company culture when so many new people are joining by breaking it down into two main points. Firstly, culture will develop, wheter you set it or not, so have a clear view on what you want to have and be authentic. Secondly, culture is not static, so allow it to evolve with the world surrounding it. Read More >> 

The World’s Most Innovative Countries 2019

The Global Innovation Index (GII)’s global rankings are the first tool worldwide to measure innovation. It measures a country’s performance based on its higher education, R&D spending, infrastructures, online creativity and knowledge creation. Its theme this year is “Creating Healthy Lives – The Future of Medical Innovation”. Indeed, the world is continuing to face innovations in health and medicine, triggering better quality of life around the globe. But inequalities still grow fast as innovation in healthcare still faces ethical, economic and social challenges.  But, innovators from underdeveloped countries are rising, proving that we can do more with less. Read More >> 

Y Combinator Accelerates the Hunt for Unicorns

Y Combinator (YC) is a massive startup accelerator that has invested in thousands of companies with a combined value of $150 billion. Last summer, YC accepted 11,000 new applicants to its startup school and will likely accept more this summer for a 10-week free of charges massive open online course with virtual office hours and access to 15,000 founders around the globe. The company is in the search for new innovative startups to join giants like Airbnb and Reddit in the YC family. Expanding its acceptance rate is all part of a strategy to stay in the game. Indeed, YC pioneered the startup accelerator model that has now been replicated worldwide. Despite the competition, they are able to stay ahead of the curve and dominate the field. Read More >>

Entrepreneurs, Eight Tips And Ten Questions To Improve Your Interviewing and Hiring Skills

Most entrepreneurs have little to no training when it comes to interviewing and hiring staff. While this is understandable, it is very important for a startup to be build around a strong team as failure in this domain could be extremely damaging. By following eight simple tips on interviewing and hiring, going from planning ahead to having an interview partner, you will be able to get the best of the best on your ship to success. Read More >> 

Can Emotions Be Automated ?

Artificial Intelligence and machine learning are becoming a big part of any business development but, machines are useless when it comes to strategy execution, relaying only on non-verbal language of collective emotions. Indeed, AI has not yet been able to develop the emotional intelligence necessary to gauge how efficient strategy execution is, making it quasily impossible for a business to entirely switch to automation. But, the possibility of an emotional artificial intelligence seems to be closer and closer. This could benefit research and applications in related fields, improve well-being beyond production and have a significant impact on the working-class society. Read More >>