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10 Business Continuity Stats to Make You Change for The Better

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Business Continuity Stats

Online businesses require much more updates than the traditional market system, where you can have a say. Business statistics can help you understand competitive market patterns and how to survive with the best strategies. As per recent trends, small and medium businesses are developing at a rapid scale and making use of the right opportunities. Business continuity statistics will help you understand the market better and formulate the right strategies. It is vividly seen that cloud computing services have helped businesses develop in the best possible way. It is because of the right design, improved techniques, and professional guidance.

Here are the top 10 business continuity stats to improve your business on the right track:

Business Continuity Stats To Improve Your Business

  • Over 54% of global companies have faced major downtime errors in the past few years. It has substantially negatively affected online business patterns, especially when you need to maintain business continuity correctly. Business statistics can indeed get severely affected due to downtime errors and other issues. Downtime errors amount to more than 85% of internal errors and problems in hardware. It is seen that the entire system has broken down even after careful data optimization and interior techniques.
  • Global business factors show how online businesses increasingly depend on various cloud computing services. It has become a smart choice where you can get prime features like data security, business management, and disaster recovery. Therefore, the developmental rates are increasing quickly, making way for innovations and techniques.
  • More than 96% of global companies use at least some cloud computing services to develop their business online. It has a direct positive impact on business management and development, primarily for beginners.
  • Glitches in data security have led to the permanent closure of more than 28% of global marketing companies. Cybercrime, like data theft, hacking, and phishing, has led to uncountable losses, making it unreasonable for businesses to reopen. Investment options have closed after the covid situation, making it even more difficult to start afresh. Entrepreneurs needed help retrieving data from their system, which resulted in more than 20% of gross business losses in the past.
  • External threats to a business account for about 70% of the total disaster management strategies. However, it is also seen that internal glitches are occurring more often. It is important to note how cloud computing services provide effective security even from internal servers. In this case, it will help you track your online activity, thereby locating internal errors and mismanagement.
  • More than 51% of global companies still need a business continuity plan. Its main causes may include faulty business patterns and failure to execute the right strategies. It has further led to massive losses in the long run, making the business unproductive. It also becomes impossible to switch to complementary business development sources, mainly because of the uniqueness of the business data present.
  • Over 75% of small and medium business enterprises have massively developed after using cloud computing services. It has been used mainly for business security and management. It is also seen that most online businesses seek the best strategies for business management and data optimization. Cloud computing services are having a direct positive impact on business expansion goals.
  • 1 in 3 companies has yet to be able to improve online businesses with internal strategy programs. It was mainly recognized after the covid situation when the entire world was going through a crisis. However, businesses using the right cloud services have been able to cope with the losses and fight back with improved techniques.
  • More than 43% of global companies still need a disaster recovery plan. They run on internal management programs without guaranteeing data retrieval after major errors. It is impossible to understand why but businesses have been able to develop without a proper recovery plan up to a certain extent.
  • Nearly 10% of data networks need to be more secure. They do not have a backup plan and are running on a systematic and ideological aspect. In case they face unwanted attacks, there is nothing substantial that they can do to protect their system and data. the main concern is how data networks run globally, with high risks of downtime and cyber crimes.

Conclusion

Developing an online business these days requires much more time and effort. Technology has made it simpler to formulate better approaches to business management. Vital cloud computing services have clarified how advanced techniques can help secure your business targets. Get rid of the consistent lags in your system and utilize the best cloud computing techniques for your business. It will have great benefits in the long run, helping you improve your processes for profit maximization and customer participation.

Business

LinkedIn Rolls Out AI Assistant for Premium Members

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LinkedIn Rolls Out AI Assistant for Premium Members

LinkedIn is currently testing an AI assistant for its Premium members, integrating Microsoft’s advanced AI technology. This initiative marks LinkedIn’s first significant consumer-facing AI product, expanding beyond its traditional enterprise-focused services.

Why It Matters: This development places LinkedIn alongside other social platforms like Snapchat and Instagram, which have already introduced similar AI features. The move underscores a growing trend where social networks leverage AI to enhance user engagement and provide personalized experiences.

Background: Previously, LinkedIn launched several AI tools aimed at recruiters and job seekers, including AI-assisted candidate discovery and AI-powered coaching tools. The tease of a consumer AI assistant last year set the stage for this broader rollout to Premium users, which has been picking up pace in recent weeks.

Details of the AI Assistant: The AI assistant feature on LinkedIn prompts users to explore more about companies or topics mentioned in posts within their feeds. This feature combines insights from LinkedIn’s vast user base and data from Microsoft’s Bing search engine to deliver comprehensive information.

How Does It Work?

When users interact with a feed prompt, they’re directed to a chat interface where they can ask the AI assistant for further details. This interaction is labeled as “Powered by Bing,” ensuring transparency about the source of the information. The responses are tailored to the user’s professional background and skills, enhancing the relevance of the information provided.

Privacy and Personalization: The chat feature includes a disclaimer about its beta status and potential for errors, with a note that Microsoft’s privacy policy may apply. This is part of LinkedIn’s effort to maintain transparency and user trust as it rolls out new AI capabilities.

LinkedIn’s introduction of this AI assistant is just one part of a broader strategy to integrate more AI-driven tools into its platform. These tools are designed to connect users with relevant content and insights, potentially accelerating career growth and enhancing professional networking.

As AI technology continues to evolve, platforms like LinkedIn are finding innovative ways to harness these advancements to benefit their users. This new AI assistant for Premium members could transform how professionals interact with content and gather insights on LinkedIn, making it a critical tool for career development.

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Business

Harold Goldstein’s and Lilo Alfaro’s Practical Approach to Social Responsibility

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Harold Goldstein and Lilo Alfaro

At the heart of organizational success lies a partnership between leadership and social responsibility. It’s not just a corporate checkbox; it’s where the influence of leadership goes beyond business boundaries.

Lilo Alfaro and Harold Goldstein of OPAD Consulting have unique stories that exemplify such influence. These leaders bring diverse experiences and perspectives, going beyond organizational growth and societal impact.

Social responsibility in the corporate world fosters positive public perception and builds trust. It benefits communities and enhances employee morale, creating a more sustainable and ethical business environment.

Harold Goldstein’s Perspective

Harold’s journey to executive roles in big companies like Levi and Johnson & Johnson has shaped his perspective. These experiences provided the foundation for his current role as CEO at OPAD, where he emphasizes social responsibility as providing “direction, process, and accountability.”

Social responsibility impacts organizations by fostering positive public perception, building trust, and enhancing employee morale. In an interview, Harold delved into the nuances of fear within organizations. He acknowledges leaders’ accidental creation of fear that hinders taking social responsibility.

Therefore, he leads his company with humility and transparency, creating an environment where fear is recognized and managed. This provides OPAD’s workforce with a chance to thrive in their careers.

Presently on the board of Doernbecher Children’s Hospital, Harold is committed to creating long-term positive change through a holistic approach to social responsibility.

Lilo Alfaro’s Outlook

Lilo Alfaro has BAs in Theatre, Technical Design and Production, and Business Management. Additionally, she has completed an MBA with a focus on Social Innovation. She has diverse experience in business, including her work as a consultant for large, national companies like The Kroger Company, mid-sized semiconductor corporations like Pure Wafer, and local nonprofits like Portland Experimental Theatre Ensemble and Our Children Oregon.

She showcases exceptional organizational and management skills. From managing city-wide festivals like the “Vanport Mosaic Spring Festival” to conventions such as “Ghosts of Summer,” Lilo displays strong responsibility and leadership qualities. Her approach seamlessly combines discipline, creativity, and a solid commitment to social responsibility.

Lilo’s commitment to social responsibility goes beyond the corporate world. Her involvement in producing legacy educational events for Portland’s Black Panther Party Chapter and volunteering at national nonprofits shows a hands-on approach.

OPAD’s Pro Bono Work

Harold and Lilo, through OPAD, have also actively engaged in pro bono work for many organizations dedicated to children’s advocacy, homelessness prevention, disability services, and social justice.

According to Harold and Lilo, “Our devotion to pro bono initiatives stems from a belief that true leadership extends beyond boardroom walls. It’s about using our skills to uplift communities and spark meaningful change.”

They’ve helped some not-for-profits such as Big Brothers Big Sisters of America, Children First for Oregon, and Northwest Children’s Theatre & School. Through university mentorship programs, they have nurtured many aspiring professionals and students with knowledge and guidance.

A Final Word

From diverse experiences, OPAD emphasizes transparent, fear-free work environments and a deep commitment to community engagement and societal betterment. Harold Goldstein and Lilo Alfaro, the driving force behind OPAD Consulting, shape organizational success while actively contributing to social change.

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Business

Mastering the Art of Investment Management with Derek Pesta: Navigating Market Volatility

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Investment Management with Derek Pesta

Investment management is a critical domain for individuals and businesses, as it involves complex decisions that shape financial futures. Success in this field hinges on expertly navigating market volatility, rather than relying on luck. Derek Pesta, CEO & Financial Advisor of Pesta & Pesta Wealth Management, offers valuable insights based on his experience in this crucial area.

Derek Pesta is a CERTIFIED FINANCIAL PLANNER™ professional, with years in the field, he highlights some key points that might help individuals master the art of investment management effectively.

Patience: The Prime Attribute of Investors

In the realm of investments, patience is not merely a virtue; it’s a cornerstone of success. Derek understands that clients often want to see immediate results, especially during market volatility. However, as Warren Buffett once said, “The stock market is designed to transfer money from the Active to the Patient.”

Derek firmly believes that making hasty decisions during market turbulence can lead to unnecessary losses. Instead, he advocates staying the course and adhering to a well-thought-out investment strategy. After all, financial plans are designed with market fluctuations in mind.

Transparency: The Prime Attribute of Finance Professionals

In a world where uncertainty looms around every corner, he emphasizes transparency as a guiding principle. He understands that not every client is comfortable with the idea of financial risks, and who can blame them? But avoiding risks also means missing out on potential gains.

Here, Derek’s approach is simple yet effective—be upfront about the potential risks involved. Whether you’re dealing with a novice investor or a seasoned pro, explaining the reasoning behind investment choices can alleviate fears and build trust.

Diversification: Key Attribute for Both

His investment strategy revolves around a fundamental principle—diversification. Regardless of a client’s profile, he believes that diversifying their portfolio is essential for maximizing returns and minimizing risks. This means spreading investments across different industries, including international markets.

While stocks may experience fluctuations during market volatility, bonds often provide stability. Derek advises clients not to rush into selling during downturns but to think about their long-term goals before making any impulsive decisions.

Informed Predictions: Using Data Meticulously

Market volatility can be unnerving, but he approaches it with a well-informed perspective. He acknowledges that predicting the future is impossible, especially in today’s unpredictable world. However, he leverages data and insights to anticipate market trends and create individualized client plans for the long term.

Every client is unique, and Derek understands that one size doesn’t fit all. Whether you’re a cautious investor seeking reassurance or a bold risk-taker ready to seize opportunities, he tailors his approach to meet your goals.

Communication: The Soul of an Investment Strategy

Communication is vital to any successful financial partnership, and he believes in going the extra mile. He knows that clients value personalization and want their concerns addressed. Over-communication, within reason, ensures that clients feel confident in their investment strategies.

In a complex financial landscape, seasoned professionals like Derek Pesta serve as valuable mentors, offering clarity and guidance. Their dedication to principles such as transparency, diversification, and personalized strategies provides a blueprint for navigating the challenges of investment management.

Financial professionals can enhance their skills and knowledge by conducting in-depth analyses and learning from experienced practitioners like Derek Pesta. This approach not only facilitates mastery but also encourages innovation in the field of investment management, ensuring a more robust and informed approach to financial decision-making.

Investment Advisory services are offered through CWM, LLC an SEC Registered Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.

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