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Incorporating cybersecurity strategies will set your small business up to challenge and defeat hackers. Cybercriminals would much rather move to an easier target when they encounter obstacles rather than fight or navigate the challenges before them. Stay ahead of the hackers by keeping the cyberdefense strategies for your small business up to date in 2021.
Over the past several years, artificial intelligence (AI) has grown more commonplace as businesses across the world are using AI-powered solutions to streamline workflows, breed efficiency and enhance productivity by automating mundane, repetitive tasks. Additionally, AI can assist with gauging market demands, interacting with customers, as well as creating and testing marketing strategies. As we continue to look for opportunities to automate and digitize processes, we’re now seeing a growing trend in using AI for recruitment and hiring purposes as well as employee retention activities. In fact, a recent Deloitte report found 33% of survey respondents already use some form of AI in the hiring process to save time and reduce human bias. Here are just a few ways that AI is redefining talent acquisition.
We’ve seen many changes in the workforce as a result of the shift to remote work in 2020. Among the plethora of these changes is the transformation of the recruiting and human resources sector of business. Recruiting and human resources as we know it may never look the same after this year. Recruiting, interviewing, hiring, onboarding and company culture implementation have shifted greatly due to the effects of the COVID-19 crisis.
As digital technologies continue to dramatically reshape every industry, many companies are pursuing large-scale efforts to capture the benefits of these trends or simply keep up with competitors. Digital transformation is the application of digital technologies to improve the performance or reach of a business and it will continue to be an important topic for companies across the globe in the coming years.
While many of the cybersecurity attacks and data breaches we see across headlines happen to major enterprises, the reality is cyber criminals do not discriminate by size and the aftermath of an attack can devastate a small business. Cybercrime is a big business. It's projected to cost the world $6 trillion by the end of 2021. Moreover, cybercriminals have found a sweet spot — small businesses.
While many of the cybersecurity attacks and data breaches we see across headlines happen to major enterprises, the reality is cyber criminals do not discriminate by size and the aftermath of an attack can devastate a small business. Cybercrime is a big business. It's projected to cost the world $6 trillion by the end of 2021. Moreover, cybercriminals have found a sweet spot — small businesses.
Human resources departments now have an abundance of technology and apps to utilize to gain information on potential employees. However, many hiring teams still rely on the traditional hiring routes, but in doing so they're missing the many benefits of using AI hiring tools. Using artificial intelligence not only refines the process of hiring but also saves hiring managers the inconvenience of having to go through over 500 resumes for a position. An AI-powered talent search tool will make the resume sifting process much easier and provide valuable insight into potential candidates. Hiring a great candidate increases the chance of better work performance. A bad hiring decision can cost the company a minimum of $50,000. So, keep reading to learn how to make smarter hiring decisions using AI.
If there was a magic word that could sum up the current business landscape throughout 2020, it would be “pivot.” Creativity and flexibility are hallmarks of successful businesses, but these qualities have been tested like never before with the current health crisis. Regardless of the industry, there are numerous examples of companies shifting to join the fight against the virus while continuing to provide services to customers. Just take a look at how Dyson made headlines for providing thousands of ventilators, manufacturers have been churning out reusable masks, and even theaters have been skipping traditional releases to instead charge a premium for movie streaming. For almost every single business, there was no choice but to pivot in order to survive and rethink what future success looks like. As we continue to adjust to the new normal and potentially brace for another wave of the coronavirus, here are three major trends we are seeing on how companies are continuing to pivot during 2021 and beyond.
This remote work style has increased flexibility when it comes to the traditional 9-5 schedule. Working outside of uniform hours gives everyone a chance to work when they feel most alert and inspired. The downfall of this freedom is the many distractions that take place on a typical day. A package arrives at the door, the dog barks, your Wi-Fi is spotty and the muffled chatter of family or roommates serves as consistent background noise. We all experience normal peaks and valleys that translate to our most and least productive hours of the day. It’s vital to recognize patterns from an individual and employer perspective to increase and maintain daily productivity.
There’s no doubt that getting organized improves productivity and efficiency, and utilizing technology and innovative apps can enhance one’s time management and organization skills. In addition, merely remembering daily tasks, having excellent organization capabilities helps improve a work/life balance. When you are able to prioritize tasks both in the home and office, you will also experience reduced stress, improved sleep, as well as better control of your emotions and interactions with others.
