#ar automation solution

[kapittx]

How Can Gen AI Revolutionize Your Accounts Receivable Process?

The advent of Generative AI (Gen AI) heralds a paradigm shift in the landscape of Finance and Accounting (F&A). Much like the introduction of spreadsheets as a product innovation decades ago, finance professionals were quick to embrace and derive immense benefits from the use of spreadsheets. 

Gen AI in Finance and Accounting emerges as a potential game-changer, poised to revolutionize traditional practices within the realm of F&A and invoice payments. However, for this potential to be realized, CFOs must demonstrate openness to experimentation, allowing themselves to explore the tangible impact of Gen AI in Finance and Accounting functions.

Embarking on this journey necessitates a focused exploration of Gen AI’s applicability, particularly within accounts receivable management and invoice payments. By delving into this domain, CFOs can gain firsthand insight into the transformative power of Gen AI in Accounts Receivable. As with any strategic business investment, it is prudent to assess the anticipated returns and the timeframe within which these benefits can be realized.

In essence, embracing Gen AI in accounts receivable and invoice payments represents not only a technological advancement but also a strategic imperative for forward-thinking finance leaders. By embracing innovation and fostering a culture of experimentation, organizations can unlock unprecedented efficiency, agility, and competitive advantage in the ever-evolving landscape of finance and accounting.

How Can Gen AI Revolutionize Your Accounts Receivable Process?

Irrespective of the organization, to ensure optimal efficiency within the accounts receivable function and to explore the potential of integrating Gen AI powered Accounts receivable, it is essential to adopt a strategic approach centered around four key building blocks. These pillars serve as the foundation for effective management and innovation in accounts receivable:

Receivable Antecedents : 

This encompasses the meticulous orchestration of all preliminary tasks necessary to establish a receivable. From the initial engagement with clients to the negotiation of terms, to the careful documentation of agreements, each step in this process demands precision and foresight. Building strong receivables antecedents lays the foundation for smooth transactions, timely invoice payments and ensures a robust financial framework

They include:

Customer Onboarding: Accurate customer data collection, credit checks, and setting credit limits.

Sales Order Processing: Efficiently converting orders into invoices.

Contractual Agreements: Clear terms and conditions regarding payment terms, discounts, and penalties.

Order Fulfillment: Ensuring timely delivery of goods or services.

Timely Invoicing: Generate invoices promptly after goods/services are delivered.

Clear and Accurate Invoices: Ensure clarity, itemization, and correct pricing.

Invoice Presentment and Reminders: 

In the dynamic landscape of revenue management, the presentation of invoices holds paramount importance. It transcends beyond mere documentation; it embodies the essence of your transactions, encapsulating the value exchanged with your clients. Your approach to invoice presentment and invoice payments is characterized by clarity, accuracy, and timeliness. Moreover, one need to recognize the strategic significance of reminders in facilitating prompt invoice payments. Through proactive communication and gentle nudges, you endeavor to uphold transparency, nurture client relationships, and optimize cash flow dynamics.

This step involves creating and delivering invoices to customers:

Multiple Channels: Offer electronic and paper-based invoice delivery to facilitate invoice payments.

Standard Payment Reminder Schedule:

o Set a consistent schedule for sending payment reminders. This helps maintain clarity and predictability for both you and your clients. o Send reminders before the due date to gently prompt clients to pay on time. o Issue reminders close to the actual due date to emphasize the urgency.

• Personalized Reminders:

      o Customize your reminders to suit each client. Address them by name and include relevant details.       o Personalization shows that you value the relationship and encourages prompt payment.

• Politeness and Professionalism:

o Maintain a polite and professional tone in your reminders. o Avoid threatening language or negativity that could harm the client relationship. o Clearly state the purpose of the reminder and the essential details, such as the invoice number, amount due, and due date.

Collaboration :

Collaboration lies at the heart of your approach, both externally with your valued customers and internally among your team members and departments. Externally, effective collaboration involves understanding your clients’ needs, communicating transparently, and working together to resolve any issues or discrepancies promptly. Internally, collaboration ensures alignment across functions, streamlines processes, and maximizes efficiency, ultimately leading to superior customer service and satisfaction.

Effective communication is crucial:

Customer Communication: Regular follow-ups, addressing queries, and resolving disputes.

Internal Coordination: Collaboration between sales, finance, and customer service teams.

Dispute Resolution: Swiftly address any discrepancies.

Payments and receipt management :

Efficient management of invoice payments and receipts is essential for maintaining cash flow and optimizing financial performance. This includes implementing secure and convenient payment channels, diligently tracking incoming payments, and promptly reconciling accounts. By prioritizing invoice payments and receipt management, you can minimize delays, mitigate risks, and ensure the stability and resilience of our financial ecosystem.

Efficient handling of incoming invoice payments:

Payment Channels: Accept various methods (credit cards, bank transfers, etc.).

Reconciliation: Match payments with outstanding invoices.

Cash Application: Apply payments accurately to the correct accounts.

What are the building blocks of Gen AI in Accounts Receivable?

Overall, Gen AI in accounts receivable encompasses a wide range of capabilities making it a versatile tool for various applications across different domains. A few of the core building blocks are –

Data Generation: Gen AI In accounts receivable, can generate synthetic data to augment existing datasets used for training predictive models. For example, it can create simulated customer invoice payments histories, including variations in payment amounts, frequencies, and timing. This synthetic data allows organizations to train their models more comprehensively, improving the accuracy of predictions regarding future payment behavior.

Data Conversion: Gen AI in accounts receivable can facilitate the conversion of data between different formats in the accounts receivable process. For instance, it can automatically convert paper-based invoices into digital formats by extracting relevant information such as invoice numbers, amounts, and due dates using optical character recognition (OCR) technology. This conversion streamlines the invoicing process, reducing manual effort and minimizing errors.

Data Categorization: Gen AI in accounts receivable, can categorize transactions based on various criteria such as invoice payment methods, customer segments, or invoice statuses. For example, it can automatically classify incoming invoice payments as cash, checks, or electronic transfers, allowing finance teams to track payment trends and reconcile accounts more efficiently. By categorizing transactions accurately, Gen AI powered accounts receivable enhances data organization and facilitates deeper insights into receivables management.

Advisor Functionality: Gen AI in accounts receivable serves as an intelligent advisor by providing actionable insights and recommendations based on analyzed data. For example, it can identify patterns of late invoice payments or discrepancies in invoicing that may indicate potential issues with specific customers or billing processes. By alerting finance teams to these anomalies, Gen AI powered accounts receivable enables proactive intervention to mitigate risks and optimize cash flow management.

Overall, Generative AI enhances the efficiency and effectiveness of accounts receivable operations by generating data, facilitating data conversion, categorizing transactions, and providing intelligent advisory support. By leveraging Gen AI capabilities, organizations can streamline receivables management processes, improve decision-making, and ultimately enhance financial performance.

[ibntechnologies]

Ibn Technologies offers AP/AR Automation solutions to streamline your financial processes. Our AI-driven platform seamlessly integrates with your existing systems, automating invoice processing, payments, and reconciliations. Reduce manual efforts, improve accuracy, and gain real-time visibility into your cash flow. Experience enhanced efficiency, cost savings, and improved customer/vendor relationships with our cutting-edge AP/AR Automation services tailored for your business needs.

[mostlysignssomeportents]

The enshittification of garage-door openers reveals a vast and deadly rot

I'll be at the Studio City branch of the LA Public Library on Monday, November 13 at 1830hPT to launch my new novel, The Lost Cause. There'll be a reading, a talk, a surprise guest (!!) and a signing, with books on sale. Tell your friends! Come on down!

How could this happen? Owners of Chamberlain MyQ automatic garage door openers just woke up to discover that the company had confiscated valuable features overnight, and that there was nothing they could do about it.

Oh, we know what happened, technically speaking. Chamberlain shut off the API for its garage-door openers, which breaks their integration with home automation systems like Home Assistant. The company even announced that it was doing this, calling the integration an "unauthorized usage" of its products, though the "unauthorized" parties in this case are the people who own Chamberlain products:

https://chamberlaingroup.com/press/a-message-about-our-decision-to-prevent-unauthorized-usage-of-myq

We even know why Chamberlain did this. As Ars Technica's Ron Amadeo points out, shutting off the API is a way for Chamberlain to force its customers to use its ad-beshitted, worst-of-breed app, so that it can make a few pennies by nonconsensually monetizing its customers' eyeballs:

https://arstechnica.com/gadgets/2023/11/chamberlain-blocks-smart-garage-door-opener-from-working-with-smart-homes/

But how did this happen? How did a giant company like Chamberlain come to this enshittening juncture, in which it felt empowered to sabotage the products it had already sold to its customers? How can this be legal? How can it be good for business? How can the people who made this decision even look themselves in the mirror?

To answer these questions, we must first consider the forces that discipline companies, acting against the impulse to enshittify their products and services. There are four constraints on corporate conduct:

I. Competition. The fear of losing your business to a rival can stay even the most sociopathic corporate executive's hand.

II. Regulation. The fear of being fined, criminally sanctioned, or banned from doing business can check the greediest of leaders.

III. Capability. Corporate executives can dream up all kinds of awful ways to shift value from your side of the ledger to their own, but they can only do the things that are technically feasible.

IV. Self-help. The possibility of customers modifying, reconfiguring or altering their products to restore lost functionality or neutralize antifeatures carries an implied threat to vendors. If a printer company's anti-generic-ink measures drives a customer to jailbreak their printers, the original manufacturer's connection to that customer is permanently severed, as the customer creates a durable digital connection to a rival.

When companies act in obnoxious, dishonest, shitty ways, they aren't merely yielding to temptation – they are evading these disciplining forces. Thus, the Great Enshittening we are living through doesn't reflect an increase in the wickedness of corporate leadership. Rather, it represents a moment in which each of these disciplining factors have been gutted by specific policies.

This is good news, actually. We used to put down rat poison and we didn't have a rat problem. Then we stopped putting down rat poison and rats are eating us alive. That's not a nice feeling, but at least we know at least one way of addressing it – we can start putting down poison again. That is, we can start enforcing the rules that we stopped enforcing, in living memory. Having a terrible problem is no fun, but the best kind of terrible problem to have is one that you know a solution to.

As it happens, Chamberlain is a neat microcosm for all the bad policy choices that created the Era of Enshittification. Let's go through them:

Competition: Chamberlain doesn't have to worry about competition, because it is owned by a private equity fund that "rolled up" all of Chamberlain's major competitors into a single, giant firm. Most garage-door opener brands are actually Chamberlain, including "LiftMaster, Chamberlain, Merlin, and Grifco":

https://www.lakewoodgaragedoor.biz/blog/the-history-of-garage-door-openers

This is a pretty typical PE rollup, and it exploits a bug in US competition law called "Antitrust's Twilight Zone":

https://pluralistic.net/2022/12/16/schumpeterian-terrorism/#deliberately-broken

When companies buy each other, they are subject to "merger scrutiny," a set of guidelines that the FTC and DoJ Antitrust Division use to determine whether the outcome is likely to be bad for competition. These rules have been pretty lax since the Reagan administration, but they've currently being revised to make them substantially more strict:

https://www.justice.gov/opa/pr/justice-department-and-ftc-seek-comment-draft-merger-guidelines

One of the blind spots in these merger guidelines is an exemption for mergers valued at less than $101m. Under the Hart-Scott-Rodino Act, these fly under the radar, evading merger scrutiny. That means that canny PE companies can roll up dozens and dozens of standalone businesses, like funeral homes, hospital beds, magic mushrooms, youth addiction treatment centers, mobile home parks, nursing homes, physicians’ practices, local newspapers, or e-commerce sellers:

http://www.economicliberties.us/wp-content/uploads/2022/12/Serial-Acquisitions-Working-Paper-R4-2.pdf

By titrating the purchase prices, PE companies – like Blackstone, owners of Chamberlain and all the other garage-door makers – can acquire a monopoly without ever raising a regulatory red flag.

But antitrust enforcers aren't helpless. Under (the long dormant) Section 7 of the Clayton Act, competition regulators can block mergers that lead to "incipient monopolization." The incipiency standard prevented monopolies from forming from 1914, when the Clayton Act passed, until the Reagan administration. We used to put down rat poison, and we didn't have rats. We stopped, and rats are gnawing our faces off. We still know where the rat poison is – maybe we should start putting it down again.

On to regulation. How is it possible for Chamberlain to sell you a garage-door opener that has an API and works with your chosen home automation system, and then unilaterally confiscate that valuable feature? Shouldn't regulation protect you from this kind of ripoff?

It should, but it doesn't. Instead, we have a bunch of regulations that protect Chamberlain from you. Think of binding arbitration, which allows Chamberlain to force you to click through an "agreement" that takes away your right to sue them or join a class-action suit:

https://pluralistic.net/2022/10/20/benevolent-dictators/#felony-contempt-of-business-model

But regulation could protect you from Chamberlain. Section 5 of the Federal Trade Commission Act allows the FTC to ban any "unfair and deceptive" conduct. This law has been on the books since 1914, but Section 5 has been dormant, forgotten and unused, for decades. The FTC's new dynamo chair, Lina Khan, has revived it, and is use it like a can-opener to free Americans who've been trapped by abusive conduct:

https://pluralistic.net/2023/01/10/the-courage-to-govern/#whos-in-charge

Khan's used Section 5 powers to challenge privacy invasions, noncompete clauses, and other corporate abuses – the bait-and-switch tactics of Chamberlain are ripe for a Section 5 case. If you buy a gadget because it has five features and then the vendor takes two of them away, they are clearly engaged in "unfair and deceptive" conduct.

On to capability. Since time immemorial, corporate leaders have fetishized "flexibility" in their business arrangements – like the ability to do "dynamic pricing" that changes how much you pay for something based on their guess about how much you are willing to pay. But this impulse to play shell games runs up against the hard limits of physical reality: grocers just can't send an army of rollerskated teenagers around the store to reprice everything as soon as a wealthy or desperate-looking customer comes through the door. They're stuck with crude tactics like doubling the price of a flight that doesn't include a Saturday stay as a way of gouging business travelers on an expense account.

With any shell-game, the quickness of the hand deceives the eye. Corporate crooks armed with computers aren't smarter or more wicked than their analog forebears, but they are faster. Digital tools allow companies to alter the "business logic" of their services from instant to instant, in highly automated ways:

https://pluralistic.net/2023/02/19/twiddler/

The monopoly coalition has successfully argued that this endless "twiddling" should not be constrained by privacy, labor or consumer protection law. Without these constraints, corporate twiddlers can engage in all kinds of ripoffs, like wage theft and algorithmic wage discrimination:

https://pluralistic.net/2023/04/12/algorithmic-wage-discrimination/#fishers-of-men

Twiddling is key to the Darth Vader MBA ("I am altering the deal. Pray I don't alter it further"), in which features are confiscated from moment to moment, without warning or recourse:

https://pluralistic.net/2023/10/26/hit-with-a-brick/#graceful-failure

There's no reason to accept the premise that violating your privacy, labor rights or consumer rights with a computer is so different from analog ripoffs that existing laws don't apply. The unconstrained twiddling of digital ripoff artists is a plague on billions of peoples' lives, and any enforcer who sticks up for our rights will have an army of supporters behind them.

Finally, there's the fear of self-help measures. All the digital flexibility that tech companies use to take value away can be used to take it back, too. The whole modern history of digital computers is the history of "adversarial interoperability," in which the sleazy antifeatures of established companies are banished through reverse-engineering, scraping, bots and other forms of technological guerrilla warfare:

https://www.eff.org/deeplinks/2019/10/adversarial-interoperability

Adversarial interoperability represents a serious threat to established business. If you're a printer company gouging on toner, your customers might defect to a rival that jailbreaks your security measures. That's what happened to Lexmark, who lost a case against the toner-refilling company Static Controls, which went on to buy Lexmark:

https://www.eff.org/deeplinks/2019/06/felony-contempt-business-model-lexmarks-anti-competitive-legacy

Sure, your customers are busy and inattentive and you can degrade the quality of your product a lot before they start looking for ways out. But once they cross that threshold, you can lose them forever. That's what happened to Microsoft: the company made the tactical decision to produce a substandard version of Office for the Mac in a drive to get Mac users to switch to Windows. Instead, Apple made Iwork (Pages, Numbers and Keynote), which could read and write every Office file, and Mac users threw away Office, the only Microsoft product they owned, permanently severing their relationship to the company:

https://www.eff.org/deeplinks/2019/06/adversarial-interoperability-reviving-elegant-weapon-more-civilized-age-slay

Today, companies can operate without worrying about this kind of self-help measure. There' a whole slew of IP rights that Chamberlain can enforce against you if you try to fix your garage-door opener yourself, or look to a competitor to sell you a product that restores the feature they took away:

https://locusmag.com/2020/09/cory-doctorow-ip/

Jailbreaking your Chamberlain gadget in order to make it answer to a rival's app involves bypassing a digital lock. Trafficking in a tool to break a digital lock is a felony under Section 1201 of the Digital Millennium Copyright, carrying a five-year prison sentence and a $500,000 fine.

In other words, it's not just that tech isn't regulated, allowing for endless twiddling against your privacy, consumer rights and labor rights. It's that tech is badly regulated, to permit unlimited twiddling by tech companies to take away your rightsand to prohibit any twiddling by you to take them back. The US government thumbs the scales against you, creating a regime that Jay Freeman aptly dubbed "felony contempt of business model":

https://pluralistic.net/2022/10/23/how-to-fix-cars-by-breaking-felony-contempt-of-business-model/

All kinds of companies have availed themselves of this government-backed superpower. There's DRM – digital locks, covered by DMCA 1201 – in powered wheelchairs:

https://www.eff.org/deeplinks/2022/06/when-drm-comes-your-wheelchair

In dishwashers:

https://pluralistic.net/2021/05/03/cassette-rewinder/#disher-bob

In treadmills:

https://pluralistic.net/2021/06/22/vapescreen/#jane-get-me-off-this-crazy-thing

In tractors:

https://pluralistic.net/2022/05/08/about-those-kill-switched-ukrainian-tractors/

It should come as no surprise to learn that Chamberlain has used DMCA 1201 to block interoperable garage door opener components:

https://scholarship.law.marquette.edu/cgi/viewcontent.cgi?article=1233&context=iplr

That's how we arrived at this juncture, where a company like Chamberlain can break functionality its customers value highly, solely to eke out a minuscule new line of revenue by selling ads on their own app.

Chamberlain bought all its competitors.

Chamberlain operates in a regulatory environment that is extremely tolerant of unfair and deceptive practices. Worse: they can unilaterally take away your right to sue them, which means that if regulators don't bestir themselves to police Chamberlain, you are shit out of luck.

Chamberlain has endless flexibility to unilaterally alter its products' functionality, in fine-grained ways, even after you've purchased them.

Chamberlain can sue you if you try to exercise some of that same flexibility to protect yourself from their bad practices.

Combine all four of those factors, and of course Chamberlain is going to enshittify its products. Every company has had that one weaselly asshole at the product-planning table who suggests a petty grift like breaking every one of the company's customers' property to sell a few ads. But historically, the weasel lost the argument to others, who argued that making every existing customer furious would affect the company's bottom line, costing it sales and/or fines, and prompting customers to permanently sever their relationship with the company by seeking out and installing alternative software. Take away all the constraints on a corporation's worst impulses, and this kind of conduct is inevitable:

https://pluralistic.net/2023/07/28/microincentives-and-enshittification/

This isn't limited to Chamberlain. Without the discipline of competition, regulation, self-help measures or technological limitations, every industry in undergoing wholesale enshittification. It's not a coincidence that Chamberlain's grift involves a push to move users into its app. Because apps can't be reverse-engineered and modified without risking DMCA 1201 prosecution, forcing a user into an app is a tidy and reliable way to take away that user's rights.

Think about ad-blocking. One in four web users has installed an ad-blockers ("the biggest boycott in world history" -Doc Searls). Zero app users have installed app-blockers, because they don't exist, because making one is a felony. An app is just a web-page wrapped in enough IP to make it a crime to defend yourself against corporate predation:

https://pluralistic.net/2023/08/27/an-audacious-plan-to-halt-the-internets-enshittification-and-throw-it-into-reverse/

The temptation to enshitiffy isn't new, but the ability to do so without consequence is a modern phenomenon, the intersection of weak policy enforcement and powerful technology. Your car is autoenshittified, a rolling rent-seeking platform that spies on you and price-gouges you:

https://pluralistic.net/2023/07/24/rent-to-pwn/#kitt-is-a-demon

Cars are in an uncontrolled skid over Enshittification Cliff. Honda, Toyota, VW and GM all sell cars with infotainment systems that harvest your connected phone's text-messages and send them to the corporation for data-mining. What's more, a judge in Washington state just ruled that this is legal:

https://therecord.media/class-action-lawsuit-cars-text-messages-privacy

While there's no excuse for this kind of sleazy conduct, we can reasonably anticipate that if our courts would punish companies for engaging in it, they might be able to resist the temptation. No wonder Mozilla's latest Privacy Not Included research report called cars "the worst product category we have ever reviewed":

https://foundation.mozilla.org/en/privacynotincluded/articles/its-official-cars-are-the-worst-product-category-we-have-ever-reviewed-for-privacy/

I mean, Nissan tries to infer facts about your sex life and sells those inferences to marketing companies:

https://foundation.mozilla.org/en/privacynotincluded/nissan/

But the OG digital companies are the masters of enshittification. Microsoft has been at this game for longer than anyone, and every day brings a fresh way that Microsoft has worsened its products without fear of consequence. The latest? You can't delete your OneDrive account until you provide an acceptable explanation for your disloyalty:

https://www.theverge.com/2023/11/8/23952878/microsoft-onedrive-windows-close-app-notification

It's tempting to think that the cruelty is the point, but it isn't. It's almost never the point. The point is power and money. Unscrupulous businesses have found ways to make money by making their products worse since the industrial revolution. Here's Jules Dupuis, writing about 19th century French railroads:

It is not because of the few thousand francs which would have to be spent to put a roof over the third-class carriages or to upholster the third-class seats that some company or other has open carriages with wooden benches. What the company is trying to do is to prevent the passengers who can pay the second class fare from traveling third class; it hits the poor, not because it wants to hurt them, but to frighten the rich. And it is again for the same reason that the companies, having proved almost cruel to the third-class passengers and mean to the second-class ones, become lavish in dealing with first-class passengers. Having refused the poor what is necessary, they give the rich what is superfluous.

https://www.tumblr.com/mostlysignssomeportents/731357317521719296/having-refused-the-poor-what-is-necessary-they

But as bad as all this is, let me remind you about the good part: we know how to stop companies from enshittifying their products. We know what disciplines their conduct: competition, regulation, capability and self-help measures. Yes, rats are gnawing our eyeballs, but we know which rat-poison to use, and where to put it to control those rats.

Competition, regulation, constraint and self-help measures all backstop one another, and while one or a few can make a difference, they are most powerful when they're all mobilized in concert. Think of the failure of the EU's landmark privacy law, the GDPR. While the GDPR proved very effective against bottom-feeding smaller ad-tech companies, the worse offenders, Meta and Google, have thumbed their noses at it.

This was enabled in part by the companies' flying an Irish flag of convenience, maintaining the pretense that they have to be regulated in a notorious corporate crime-haven:

https://pluralistic.net/2023/05/15/finnegans-snooze/#dirty-old-town

That let them get away with all kinds of shenanigans, like ignoring the GDPR's requirement that you should be able to easily opt out of data-collection without having to go through cumbersome "cookie consent" dialogs or losing access to the service as punishment for declining to be tracked.

As the noose has tightened around these surveillance giants, they're continuing to play games. Meta now says that the only way to opt out of data-collection in the EU is to pay for the service:

https://pluralistic.net/2023/10/30/markets-remaining-irrational/#steins-law

This is facially illegal under the GDPR. Not only are they prohibited from punishing you for opting out of collection, but the whole scheme ignores the nature of private data collection. If Facebook collects the fact that you and I are friends, but I never opted into data-collection, they have violated the GDPR, even if you were coerced into granting consent:

https://www.nakedcapitalism.com/2023/11/the-pay-or-consent-challenge-for-platform-regulators.html

The GDPR has been around since 2016 and Google and Meta are still invading 500 million Europeans' privacy. This latest delaying tactic could add years to their crime-spree before they are brought to justice.

But most of this surveillance is only possible because so much of how you interact with Google and Meta is via an app, and an app is just a web-page that's a felony to make an ad-blocker for. If the EU were to legalize breaking DRM – repealing Article 6 of the 2001 Copyright Directive – then we wouldn't have to wait for the European Commission to finally wrestle these two giant companies to the ground. Instead, EU companies could make alternative clients for all of Google and Meta's services that don't spy on you, without suffering the fate of OG App, which tried this last winter and was shut down by "felony contempt of business model":

https://pluralistic.net/2023/02/05/battery-vampire/#drained

Enshittification is demoralizing. To quote @wilwheaton, every update to the services we use inspires "dread of 'How will this complicate things as I try to maintain privacy and sanity in a world that demands I have this thing to operate?'"

https://wilwheaton.tumblr.com/post/698603648058556416/cory-doctorow-if-you-see-this-and-have-thoughts

But there are huge natural constituencies for the four disciplining forces that keep enshittification at bay.

Remember, Antitrust's Twilight Zone doesn't just allow rollups of garage-door opener companies – it's also poison for funeral homes, hospital beds, magic mushrooms, youth addiction treatment centers, mobile home parks, nursing homes, physicians’ practices, local newspapers, or e-commerce sellers.

The Binding Arbitration scam that stops Chamberlain customers from suing the company also stops Uber drivers from suing over stolen wages, Turbotax customers from suing over fraud, and many other victims of corporate crime from getting a day in court.

The failure to constrain twiddling to protect privacy, labor rights and consumer rights enables a host of abuses, from stalking, doxing and SWATting to wage theft and price gouging:

https://pluralistic.net/2023/11/06/attention-rents/#consumer-welfare-queens

And Felony Contempt of Business Model is used to screw you over every time you refill your printer, run your dishwasher, or get your Iphone's screen replaced.

The actions needed to halt and reverse this enshittification are well understood, and the partisans for taking those actions are too numerous to count. It's taken a long time for all those individuals suffering under corporate abuses to crystallize into a movement, but at long last, it's happening.

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2023/11/09/lead-me-not-into-temptation/#chamberlain

Image: Cryteria (modified) https://commons.wikimedia.org/wiki/File:HAL9000.svg

CC BY 3.0 https://creativecommons.org/licenses/by/3.0/deed.en

[sunshinesmebdy]

Pluto in Aquarius: Brace for a Business Revolution (and How to Ride the Wave)

The Aquarian Revolution

Get ready, entrepreneurs and financiers, because a seismic shift is coming. Pluto, the planet of transformation and upheaval, has just entered the progressive sign of Aquarius, marking the beginning of a 20-year period that will reshape the very fabric of business and finance. Buckle up, for this is not just a ripple – it's a tsunami of change. Imagine a future where collaboration trumps competition, sustainability dictates success, and technology liberates rather than isolates. Aquarius, the sign of innovation and humanitarianism, envisions just that. Expect to see:

Rise of social impact businesses

Profits won't be the sole motive anymore. Companies driven by ethical practices, environmental consciousness, and social good will gain traction. Aquarius is intrinsically linked to collective well-being and social justice. Under its influence, individuals will value purpose-driven ventures that address crucial societal issues. Pluto urges us to connect with our deeper selves and find meaning beyond material gains. This motivates individuals to pursue ventures that resonate with their personal values and make a difference in the world.

Examples of Social Impact Businesses

Sustainable energy companies: Focused on creating renewable energy solutions while empowering local communities.

Fair-trade businesses: Ensuring ethical practices and fair wages for producers, often in developing countries.

Social impact ventures: Addressing issues like poverty, education, and healthcare through innovative, community-driven approaches.

B corporations: Certified businesses that meet rigorous social and environmental standards, balancing profit with purpose.

Navigating the Pluto in Aquarius Landscape

Align your business with social impact: Analyze your core values and find ways to integrate them into your business model.

Invest in sustainable practices: Prioritize environmental and social responsibility throughout your operations.

Empower your employees: Foster a collaborative environment where everyone feels valued and contributes to the social impact mission.

Build strong community partnerships: Collaborate with organizations and communities that share your goals for positive change.

Embrace innovation and technology: Utilize technology to scale your impact and reach a wider audience.

Pluto in Aquarius presents a thrilling opportunity to redefine the purpose of business, moving beyond shareholder value and towards societal well-being. By aligning with the Aquarian spirit of innovation and collective action, social impact businesses can thrive in this transformative era, leaving a lasting legacy of positive change in the world.

Tech-driven disruption

AI, automation, and blockchain will revolutionize industries, from finance to healthcare. Be ready to adapt or risk getting left behind. Expect a focus on developing Artificial Intelligence with ethical considerations and a humanitarian heart, tackling issues like healthcare, climate change, and poverty alleviation. Immersive technologies will blur the lines between the physical and digital realms, transforming education, communication, and entertainment. Automation will reshape the job market, but also create opportunities for new, human-centered roles focused on creativity, innovation, and social impact.

Examples of Tech-Driven Disruption:

Decentralized social media platforms: User-owned networks fueled by blockchain technology, prioritizing privacy and community over corporate profits.

AI-powered healthcare solutions: Personalized medicine, virtual assistants for diagnostics, and AI-driven drug discovery.

VR/AR for education and training: Immersive learning experiences that transport students to different corners of the world or historical periods.

Automation with a human touch: Collaborative robots assisting in tasks while freeing up human potential for creative and leadership roles.

Navigating the Technological Tsunami:

Stay informed and adaptable: Embrace lifelong learning and upskilling to stay relevant in the evolving tech landscape.

Support ethical and sustainable tech: Choose tech products and services aligned with your values and prioritize privacy and social responsibility.

Focus on your human advantage: Cultivate creativity, critical thinking, and emotional intelligence to thrive in a world increasingly reliant on technology.

Advocate for responsible AI development: Join the conversation about ethical AI guidelines and ensure technology serves humanity's best interests.

Connect with your community: Collaborate with others to harness technology for positive change and address the potential challenges that come with rapid technological advancements.

Pluto in Aquarius represents a critical juncture in our relationship with technology. By embracing its disruptive potential and focusing on ethical development and collective benefit, we can unlock a future where technology empowers humanity and creates a more equitable and sustainable world. Remember, the choice is ours – will we be swept away by the technological tsunami or ride its wave towards a brighter future?

Decentralization and democratization

Power structures will shift, with employees demanding more autonomy and consumers seeking ownership through blockchain-based solutions. Traditional institutions, corporations, and even governments will face challenges as power shifts towards distributed networks and grassroots movements. Individuals will demand active involvement in decision-making processes, leading to increased transparency and accountability in all spheres. Property and resources will be seen as shared assets, managed sustainably and equitably within communities. This transition won't be without its bumps. We'll need to adapt existing legal frameworks, address digital divides, and foster collaboration to ensure everyone benefits from decentralization.

Examples of Decentralization and Democratization

Decentralized autonomous organizations (DAOs): Self-governing online communities managing shared resources and projects through blockchain technology.

Community-owned renewable energy initiatives: Local cooperatives generating and distributing clean energy, empowering communities and reducing reliance on centralized grids.

Participatory budgeting platforms: Citizens directly allocate local government funds, ensuring public resources are used in line with community needs.

Decentralized finance (DeFi): Peer-to-peer lending and borrowing platforms, bypassing traditional banks and offering greater financial autonomy for individuals.

Harnessing the Power of the Tide:

Embrace collaborative models: Participate in co-ops, community projects, and initiatives that empower collective ownership and decision-making.

Support ethical technology: Advocate for blockchain platforms and applications that prioritize user privacy, security, and equitable access.

Develop your tech skills: Learn about blockchain, cryptocurrencies, and other decentralized technologies to navigate the future landscape.

Engage in your community: Participate in local decision-making processes, champion sustainable solutions, and build solidarity with others.

Stay informed and adaptable: Embrace lifelong learning and critical thinking to navigate the evolving social and economic landscape.

Pluto in Aquarius presents a unique opportunity to reimagine power structures, ownership models, and how we interact with each other. By embracing decentralization and democratization, we can create a future where individuals and communities thrive, fostering a more equitable and sustainable world for all. Remember, the power lies within our collective hands – let's use it wisely to shape a brighter future built on shared ownership, collaboration, and empowered communities.

Focus on collective prosperity

Universal basic income, resource sharing, and collaborative economic models may gain momentum. Aquarius prioritizes the good of the collective, advocating for equitable distribution of resources and opportunities. Expect a rise in social safety nets, universal basic income initiatives, and policies aimed at closing the wealth gap. Environmental health is intrinsically linked to collective prosperity. We'll see a focus on sustainable practices, green economies, and resource sharing to ensure a thriving planet for generations to come. Communities will come together to address social challenges like poverty, homelessness, and healthcare disparities, recognizing that individual success is interwoven with collective well-being. Collaborative consumption, resource sharing, and community-owned assets will gain traction, challenging traditional notions of ownership and fostering a sense of shared abundance.

Examples of Collective Prosperity in Action

Community-owned renewable energy projects: Sharing the benefits of clean energy production within communities, democratizing access and fostering environmental sustainability.

Cooperatives and worker-owned businesses: Sharing profits and decision-making within companies, leading to greater employee satisfaction and productivity.

Universal basic income initiatives: Providing individuals with a basic safety net, enabling them to pursue their passions and contribute to society in meaningful ways.

Resource sharing platforms: Platforms like carsharing or tool libraries minimizing individual ownership and maximizing resource utilization, fostering a sense of interconnectedness.

Navigating the Shift

Support social impact businesses: Choose businesses that prioritize ethical practices, environmental sustainability, and positive social impact.

Contribute to your community: Volunteer your time, skills, and resources to address local challenges and empower others.

Embrace collaboration: Seek opportunities to work together with others to create solutions for shared problems.

Redefine your own path to prosperity: Focus on activities that bring you personal fulfillment and contribute to the collective good.

Advocate for systemic change: Support policies and initiatives that promote social justice, environmental protection, and equitable distribution of resources.

Pluto in Aquarius offers a unique opportunity to reshape our definition of prosperity and build a future where everyone thrives. By embracing collective well-being, collaboration, and sustainable practices, we can create a world where abundance flows freely, enriching not just individuals, but the entire fabric of society. Remember, true prosperity lies not in what we hoard, but in what we share, and by working together, we can cultivate a future where everyone has the opportunity to flourish.

[arbitrarygreay]

Audacity for Debian-based Linux

So, some time around 2020/2021, Audacity for Linux from the repositories of Debian-based distros (including Ubuntu, Mint, etc.) no longer had access to high quality stretch (change tempo, change pitch, shifting slider). This appears to be due to a combination of Debian no longer updating Audacity at all past 2.4.2 (as Audacity's new owners from 3.0.0 on have had...issues, to put it lightly), but also the fact that 2.4.2 specifically was requiring a version of the SBSMS library past what Debian had. It's still the case that the apt version of Audacity on Linux Mint still lacks the high quality stretch functions.

The workaround for this is to compile from source. HOWEVER. Be apprised that if you specifically go for version 2.4.2, there is still a bug around SBSMS, which causes Audacity to crash when attempting high quality stretching. Apparently, if you go for versions afterwards (3.0+, new Audacity owners), or the version before (2.3.3), you will not run into this issue.

I am stubborn, so I have verified that I can now open Audacity 2.4.2 and do a high quality pitch change without crashing. Here are the solution options. Know that both are still compiling from source.

Option 1: Do it manually command by command on the terminal

You will, however, notice that the important download link for the patch is broken. You must get it from here.

Note that you should preface all of the commands listed in that post with "sudo", or they will likely throw an error. (Or do whatever you need to for terminal to continuously recognize root access.) In addition, note that the "pre-installation test" section is not optional. Audacity will not run if the "Portable Settings" folder is not created, and furthermore, the "Portable Settings" folder and all containing files need to have write permissions enabled to the relevant non-root group/owner.

Whether you installed manually or used the script, you will need to go to "/usr/local/share/audacity/audacity-minsrc-2.4.2/build/bin/Release" to launch Audacity. In the file explorer window, you can click the button to the left of the magnifying glass to switch to text input where you can copy and paste the above path. Or, from /home, go up one level, and then navigate through manually.

Change the launcher's icon and add it to the start menu/desktop, per your specific distro and desktop environment.

Option 2: Modify and run a bash script

I found a helpful Youtube video stepping through the process, before they link to a bash script automating the whole thing. However, the script does not include the 2.4.2 patch. There are also a few modifications that need to be done to the script.

Modifications to make (right click the .sh file, open with, pick some text editor):

Line 35: change the dl_directory to match your own system. (Specifically, you probably need to replace "piuser" with your own account name.)

This change also needs be done on lines 115, 116, and 120 (or replace the hard coded parts with "${DL_DIRECTORY}").

Line 77 (optional): add "patch" as a dependent package to check. Like Python, it's mostly likely already installed, so you could leave this commented out.

Lines 139-142: Not a modification, but a note that I didn't end up using this (left it commented out), so I did have to download the 2.4.2 source code from fosshub manually and put it in the location specified by dl_directory. I also put the patch there. If you do want to try to automate the download, you'll not only have to add another line to also download the patch file, but both the source code for 2.4.2 and the patch have hyphens in their urls, so you need to either add backslashes to escape them, or enclose the entire url in quotation marks. But I also can't guarantee that either of those things will work, since I ended up doing the downloads manually.

Line 150: Per the manual installation above, the patch needs to be applied before the build. Add this code block at line 150 (after the script checks to see if the "Build" folder exists):

#SBSMS patch required for 2.4.2 if [ -f "${DL_DIRECTORY}/changepitch.patch" ]; then sudo cp "${DL_DIRECTORY}/changepitch.patch" "${DIRECTORY}/${VERSION}" fi sudo patch -p 1 < changepitch.patch

That's it for changing the script. Save it, close out of the text editor. (If you decided not to try letting the script do the downloads, then make sure you download the source code and the patch and put them in the dl_directory location at this point.)

Enable the script to be executable. (Right click the .sh file, Properties. On the Permissions tab, check that "Allow executing file as a program" is checked.)

Double click the .sh file. I suggest doing the "Run In Terminal" option so you can see the progress. (And if it's really short, probably something went wrong. The build section takes 20 minutes.)

This script does not include installing the offline manual for Audacity. That is covered in the guide posted in Option 1. Sorry, you'll have to do some terminal typing after all.

Whether you installed manually or used the script, you will need to go to "/usr/local/share/audacity/audacity-minsrc-2.4.2/build/bin/Release" to launch Audacity. In the file explorer window, you can click the button to the left of the magnifying glass to switch to text input where you can copy and paste the above path. Or, from /home, go up one level, and then navigate through manually.

Change the launcher's icon and add it to the start menu/desktop, per your specific distro and desktop environment.

[coderower]

The Future of Software Development: Top Trends to Watch in 2024

Introduction:

The field of technology is always changing, but software creation is still at the cutting edge of brand-new ideas. As 2024 approaches, the trends that will shape the future of software development become more apparent. These trends will bring both exciting possibilities and challenges for businesses and workers. This blog post will talk about the most important trends to keep an eye on in 2024, covering everything from cloud-based solutions to custom software creation.

1. Custom Software Development

Custom software development is still an important part of modern businesses because it lets them make solutions that fit their exact needs. In 2024, we expect a huge increase in the need for unique software solutions as companies try to stand out in very competitive markets. Custom software development is the most adaptable and adjustable way to improve customer experiences or streamline internal processes.

2. Software Development Services

People are still looking for software development services because they need help and professionals to make cutting-edge apps. Outsourcing software development has become a smart choice for many companies, from startups to large corporations, that want to cut down on development time and time to market.

3. Mobile App Development

Since smartphones and other mobile devices are becoming more popular, companies that want to connect with customers while they’re on the go still put a lot of emphasis on mobile app development. We think 2024 will be a big year for user-centred design and making new technologies like augmented reality (AR) and artificial intelligence (AI) work well.

4. Developers of Web Applications

Developers of Web applications are moving toward making experiences that are more engaging and flexible. Progressive web apps (PWAs) and single-page apps (SPAs) will likely become popular in 2024 as companies try to make the web faster and more interesting on all devices.

5. Cross-device App Development

Making apps that work on multiple devices without any problems is possible with cross-platform app development, which has become more popular in recent years. By 2024, cross-platform tools like React Native and Flutter should have even better features, allowing developers to reach more people with less work.

6. Full-Stack Development

As of now, workers who are skilled in both front-end and back-end platforms are in high demand for full-stack development. They are seen as versatile and knowledgeable. There will be a greater need for full-stack coders who can offer complete solutions in 2024, so training and upskilling programs will be a big focus.

7. Web Design and Development

Web design and programming are very important for shaping the user experience and getting people to interact with your site. We expect to see a move toward simple and easy-to-use designs in 2024, with an emphasis on making things accessible and open to everyone. The digital world will also continue to change as new design trends like dark mode and neomorphism become more popular.

8. Cloud-Based Solutions

Modern infrastructure is built around cloud-based solutions, which are scalable, reliable, and cost-effective. We think that there will be even more movement toward cloud-native designs in 2024, with a focus on serverless computing and containerization. Multi-cloud and mixed-cloud methods are also becoming more popular, which will give companies more freedom and stability.

9. Continuous Integration and Continuous Deployment (CI/CD)

Continuous Integration and Continuous Deployment (CI/CD) techniques have changed the way software is developed by making it possible for teams to make code changes quickly and accurately. We expect a lot of people to use CI/CD processes in 2024, with a focus on automation, teamwork, and feedback loops. Employing CI/CD in their work processes can help companies release software more quickly and with higher quality.

10. Software testing and product testing

Software testing is still an important part of the development process because it makes sure that apps work as planned and meet quality standards. Automated testing systems and AI-driven testing tools will become more popular in 2024, making it easier for coders to find problems and fix them. For the whole development process, using shift-left testing methods will also help build a mindset of quality.

11. Custom Web App Development

When businesses hire custom web app developers, they want solutions that are made just for them and the problems and chances in their fields. Custom web apps are flexible, safe, and quick, and they can be used to make management systems inside the company or sites for customers. It’s going to be very popular to have custom web apps made in 2024 because companies will want to stay ahead of the competition and focus on digital change projects.

12. Web Solutions

Many tools and services can be used to make web experiences that are live and engaging. Web tools, like e-commerce platforms and content management systems, help companies connect with customers, run their businesses, and grow. Developer tools, content management systems, and hosting services are likely to keep getting better in 2024, which will allow businesses to make web apps that are strong and flexible.

13. Develop Mobile Apps

Mobile apps are now essential for companies that want to reach people while they’re on the go and make the user experience better. Native mobile app development will be a big deal in 2024. To make sure users have a smooth and fast experience, developers will use platform-specific features and functions. Additionally, makers will be able to make new, feature-packed mobile apps by combining cutting-edge technologies like machine learning and blockchain.

14. App Development

The process of making apps for different devices, like phones, the web, and computers, is called app development. We expect a coming together of technologies and methods in 2024, which will make it easy for coders to make apps that work on multiple platforms. With the rise of low-code and no-code development platforms, companies can speed up the process of making apps and give regular people the tools they need to help make new solutions.

15. Emerging Technologies

Artificial intelligence (AI), machine learning (ML), bitcoin, and the Internet of Things (IoT) are just a few of the new technologies that will drastically change the way software is made in 2024. These technologies could completely change businesses, make tasks easier to do, and generate new ideas in all areas. AI and ML will be used more for predictive analytics, personalized experiences, and automating regular chores in 2024. Similarly, blockchain technology will keep shaking up old ways of doing business by making deals safe and clear, while IoT devices will make it easier to connect and gain insights from data.

16. Augmented Reality (AR) and Virtual Reality (VR) Development

Augmented reality (AR) and virtual reality (VR) have become powerful tools that could change many fields, from fun and games to education and healthcare. Hardware, software, and content creation tools will get better in 2024, which will lead to a lot of new AR and VR releases. AR and VR will be used more and more by businesses to make events more engaging, improve training programs, and connect with customers in fresh new ways.

17. Integration of Artificial Intelligence (AI) and Machine Learning (ML)

AI and ML are going to be very important in the future of software development, allowing smart automation, predictive analytics, and customized experiences. We expect to see more AI and ML built into software in 2024, as companies use data to make better decisions and run their businesses more efficiently. AI and ML will continue to change how software is made, used, and implemented, from robots and virtual helpers to recommendation engines and systems that look for scams.

18. Quantum Computing

Quantum computing is a big change in the way computers work. It can do processing that has never been seen before and could help solve hard problems that regular computers can’t. Future progress in quantum computing is expected to continue in 2024. This will have effects on software development in areas like security, optimization, and science modelling. Quantum computing isn’t being used by most people yet, but developers and businesses are starting to look into how it could be used and what it means for the future of software development.

19. Edge Computing

The rise of edge computing has made it possible for real-time processing and low-latency apps. Edge computing brings computer power closer to where the data is created. Edge computer technologies are likely to become more popular in 2024, especially in fields like IoT, manufacturing, and self-driving cars. Edge computing is an important part of the future of software development because it processes data closer to where it is created. This means that decisions can be made faster, bandwidth is used less, and dependability is improved.

20. DevOps and DevSecOps Practices

DevOps and DevSecOps practices are becoming more popular in software development because they help teams simplify processes, speed up delivery, and make security better. Further use of DevOps and DevSecOps methods is expected in 2024, due to the need for more cooperation, automation, and flexibility. DevOps and DevSecOps allow teams to create high-quality software faster and more safely by combining development, operations, and security into a single process. This meets the needs of today’s digital world, which is changing quickly.

21. Data Privacy and Security

Businesses and customers both care a lot about data privacy and security. Strong security measures are needed because of rising online risks and laws. Data protection and security will still be important in software development in 2024, with a focus on encryption, identification, and compliance. Developers will be very important in keeping private data safe and defence against new threats. They will do things like secure code, security testing, and vulnerability evaluations.

22. Low-Code and No-Code Development Platforms

Low-code and no-code development platforms have made software creation more accessible to everyone, letting business users and citizen coders make apps without needing to know a lot about coding. As businesses try to speed up their digital transformation efforts and meet the growing demand for custom software solutions, we expect the low-code and no-code market to continue to grow in 2024. Low-code and no-code systems help businesses quickly adapt to changing customer wants and market conditions by hiding complexity and cutting down on development time.

23. Ethics and Responsible AI

As AI and ML become more common, people are becoming more aware of the moral and social effects they can have. We think that ethics and responsible AI will get more attention in software development in 2024. Developers and companies will take more steps to make sure that AI-driven systems are fair, open, and accountable. Researchers will have to think about how their work affects other people and put ethics first throughout the whole development process. This includes methods to reduce bias and ethical AI models and standards.

24. Remote Collaboration and Distributed Teams

The move to working from home has completely changed how teams work together and talk to each other. In software development, distributed teams are now the rule. As companies get used to mixed work models and see the benefits of remote work, we expect them to put more money into tools and platforms for online teamwork in 2024. With tools like virtual whiteboarding, videoconferencing, project management, and version control, online collaboration platforms make it easy for teams to work together even when they are in different places. This encourages creativity, innovation, and efficiency.

25. Diversity and Inclusion in Tech

Inclusion and diversity have become very important issues in the tech industry, as more people realize how important different points of view and experiences are for fostering creativity and innovation. We expect that more will be done in 2024 to support diversity and inclusion in software development. For example, mentoring programs, diversity training, and hiring methods that are open to everyone will be given top priority by companies. Businesses can get the most out of their teams and encourage an atmosphere of innovation and success by making the workplace more fair and open to everyone.

In conclusion:

In 2024, the future of software development will be marked by new ideas, quick changes, and a never-ending quest for perfection. To stay competitive in today’s digital world, businesses and workers need to keep up with the latest trends and changes in everything from new technologies like AI and quantum computing to well-known practices like DevOps and data security. Software engineers can change the future of technology for years to come by being open to change, encouraging teamwork, and putting ethics and fairness first.

[elsa16744]

The Business Case for Sustainability: Balancing Profitability and Environmental Responsibility 

Investors have embraced responsible portfolio management strategies to encourage sustainable enterprises and support socio-economic development. Meanwhile, customers refuse to buy from a brand that fails to curb labor malpractices, pollution, waste generation, and petroleum consumption. This post will describe the business case for sustainability to increase awareness about these trends. 

What is Sustainable Business Development? 

A company engages in sustainable business development when it revises its operations, product design, and resource allocation to contribute to social and environmental problem resolution. It is not about pretending to be eco-friendly or slowing industrial progress. Instead, sustainability for business ensures companies can thrive without harming social harmony and Earth’s resources. 

Today, business leaders leverage sustainability consulting services to navigate modern regulations demanding more responsible corporate approaches. Besides, several pressing matters range from safekeeping consumer data to making workplaces more inclusive. 

At the same time, multiple compliance guidelines have overwhelmed managers. So, it is imperative to embrace a tech-led strategy. It will help increase your firm’s compliance across all the major frameworks, like the ones described below. 

Environmental, social, and governance (ESG) reporting, 

Task force on climate-related financial disclosures (TCFD), 

Global Reporting Initiative (GRI), 

And the EU taxonomy. 

How Can a Business Balance Profitability, Ethics, and Sustainability? 

The older the organization, the more challenges you must overcome to go green. An excellent method is multistakeholder brainstorming. Let customers, suppliers, employees, business associates, and investors chime in and provide improvement ideas. 

Another indirect approach involves extensive data gathering, insight extraction, and reporting. Using automated computing systems, companies can monitor the policy dynamics in the target markets and improve specific operations in realistic stages. 

They do not need to transform all practices and risk productivity loss. Since they will utilize data from authoritative sources, their decisions will also have a sound foundation. Available technologies can involve ESG data solutions tailored for private companies, financial materiality estimates, controversy analytics, and risk forecasting tools. 

Finally, leaders, board directors, and the rest must periodically evaluate their business sustainability initiatives. If they notice some strategies becoming obsolete, they must devise appropriate action plans to rectify such issues. 

Advantages of Business Sustainability 

1| Efficient Resource Consumption 

Pollution and carbon risk mitigation require brands to replace conventional energy systems with greener alternatives. This renewable energy transition allows companies to rationalize how they allocate resources to operations. Moreover, they can reduce dependence on public infrastructure for power and water using modern technologies. 

Treating and reusing water might not be suitable for all enterprises. However, the scope of these practices encompasses offices, factories, and post-sales product maintenance. In other words, you want to consider the entire product lifecycle to increase your ESG ratings and positive impact potential. 

Integrating green technology to fulfill the efficient resource consumption requirements makes you more competitive and attracts more investors. Therefore, business profitability increases thanks to sustainability accounting compliance. 

2| Resilient Supply Chains 

Socio-economic and ecological threats limit your enterprise’s growth potential. They endanger the well-being of consumers and supply partners. Consider how environmental problems, political chaos, or social issues hinder free transportation, making timely product delivery more arduous. 

However, brands can voluntarily work toward building a peaceful, green, tolerant, and resilient community. They must collaborate with employees, educators, policymakers, and local stakeholders. After all, most corporate social responsibility (CSR) projects aimed at literacy increase, women empowerment, and cyber safety awareness create opportunities to create a more stable world. 

Aside from social disharmony threats, your supply chain is often vulnerable to fraud, region-specific quality norm inconsistencies, and controversies. You cannot eliminate these risks, but you can reduce the harm they might cause using predictive analysis and contingency plans. Many sustainability frameworks address these aspects in their reporting guidelines. 

3| Long-Term Stakeholder Relationships 

Responsible consumption and a solid supply chain increase an organization’s reputation. Socially conscious customers prefer companies that realize the cost of human-caused industrial activities. Therefore, they want leaders to embrace business sustainability, transparent communication, and ethical human resource practices. 

Simultaneously, social networking sites (SNS) have empowered individuals to voice their disappointment with brands that fail to improve compliance. So, customers will likely stop purchasing from you if you lag behind competitors in sustainable business development. 

Conversely, corporations with adequate CSR programs get loyal customers, free press, positive value association, and investor goodwill. They become leaders in establishing new industry norms while others struggle to understand sustainability accounting principles. 

Precaution: Greenwashing is Not a Business Case for Sustainability 

Consider the following: 

What can anyone do if companies manipulate their financial and carbon disclosures? 

Will investors, regulators, and customers trust other brands who also report on sustainability or ESG performance metrics? 

What types of green claims can an organization include in its marketing campaigns? 

How do we verify that a brand’s reported CSR outcomes are genuine and tangible? 

Can ESG disclosures backfire and expose your company to controversies and misinformation attacks?  

These are legitimate fears expressed by many because of the greenwashing cases. The perpetrators use deceptive verbal and design tactics to boast about on-paper CSR achievements with no on-ground impact. Some claimed they use 100% renewable energy by cunningly omitting crucial reporting elements. Others had suppliers employing child labor in life-threatening working conditions. 

Greenwashing hurts stakeholder trust in ESG, TCFD, and GRI documentation. When one company receives greenwashing allegations, others in the same industry also attract criticism. Sooner or later, the media picks up the story, and the hard-earned brand reputation evaporates into infinity. 

Avoid greenwashing and disassociate with partners, municipalities, and suppliers doing it. 

Conclusion 

Leaders who recognize the significance of sustainable business development are visionaries. They know their business can thrive if the consumers, employees, investors, and regulators are happy with their work. So, the world has witnessed a rekindled interest in ethics-driven corporate attitudes and investment strategies. 

Reducing byproduct generation, enforcing anti-harassment policies, and adopting practical data governance standards make brands more sustainable. Their supply chain resilience increases while more stakeholders trust them. 

Nevertheless, greenwashing risks prevent organizations and investors from unlocking the full potential business sustainability use cases. Therefore, all the stakeholders must be honest with compliance reporting. It is okay if your ESG ratings are low because you can implement initiatives and work with experts to improve them. 

In the end, only transparency matters. Without it, sustainability reporting will become a worthless formality. However, with the proper oversight, the opposite will happen, and your organization will surpass all competitors while solving social and environmental problems.

[yulia-inferis]

All Hail Chat GPT

YI: Oh great one, what are some future technologies that humans failed to consider?

GPT: Some potential future technologies that humans may have failed to fully consider could include advanced quantum computing applications, widespread adoption of bioengineered materials for construction and medical purposes, and the integration of AI into every aspect of daily life, among others.

Quantum computing applications beyond traditional computational tasks.

Advanced biotechnology for personalized medicine and genetic engineering.

Bioengineered materials revolutionizing construction and manufacturing.

Augmented reality (AR) and virtual reality (VR) becoming ubiquitous in various industries.

Neural interfaces enabling direct communication between brains and computers.

Space-based technologies for resource extraction, energy generation, and colonization.

Advanced robotics and automation reshaping industries and the workforce.

Fusion energy becoming a practical and sustainable power source.

Blockchain technology evolving beyond cryptocurrencies for secure and decentralized applications.

Climate engineering solutions for mitigating the effects of climate change.

[jaaduse]

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[kapittx]

Accounts Receivable and Cash Flow Challenges in Technology and IT Services Companies

The technology and IT services industry is a dynamic and rapidly evolving sector that encompasses a wide range of services and products aimed at managing and optimizing information and business processes.

The Technology and IT Services industry is driven by several key factors that are shaping its growth and evolution. While AI is going to bring in a paradigm shift in the industry and its offering, some of the primary drivers of this industry are Digital Transformation, Cloud Computing, Big Data and Analytics, Internet of Things, Technology innovations like 5G, Blockchain, SaaS etc.

Technology and IT Industry Segments : 

1. Software Companies

Independent Software Vendors (ISVs): These companies develop and sell custom made software solutions that can be used by different  industries.

Software as a Service (SaaS): These companies provide software applications over the internet and have high dependence on subscription management.

2. IT Services Companies

System Integrators or Value Added Resellers: These firms are solution providers and play the role of an aggregator by incorporating various hardware and software offerings from OEMs  as part of their solution.

Managed Service Providers (MSPs): These companies manage a customer’s IT infrastructure and end-user systems on a proactive basis.

IT Consulting Services: These firms offer expert advice to help organizations assess and implement advanced IT solutions.

3. Cloud Solutions Providers

Infrastructure as a Service (IaaS): These companies provide virtualized computing resources over the internet.

Platform as a Service (PaaS): For application development, hardware and software tools over the internet are the primary focus of PaaS providers

4. Tech Product Companies

Hardware Manufacturers: These companies produce physical devices such as computers, smartphones, and networking equipment.

Semiconductor Companies: These firms design and manufacture semiconductor chips used in electronic devices.

5. Cybersecurity Providers

These companies offer products and services to protect systems, networks, and data from cyber attacks.

6. Data Center Providers

These companies offer facilities and services for housing and managing data storage systems.

7. Telecommunication Companies

These firms provide communication services such as internet, phone, and television.

8. E-commerce Companies

These companies operate online platforms for buying and selling goods and services.

9. Tech Infrastructure Companies

These companies provide the systems and facilities that enable web-based communications and commerce.

10. Tech Service Companies

These companies offer experienced and technical personnel to help businesses leverage technology.

Irrespective of the segment you operate, in the dynamic landscape of Technology and IT services sector, accounts receivable management and ensuring smooth cash flow are critical for sustaining growth and operational efficiency. However, these companies often face significant challenges that can impede their financial health. This blog post delves into the primary reasons behind accounts receivable challenges and offers insights into how they can be addressed to reduce DSO and increase cash flow.

1. High Days Sales Outstanding (DSO)

One of the most pressing issues is the high Days Sales Outstanding (DSO), which measures the average number of days it takes for a company to collect payment after a sale. A high DSO means the time taken by customers to pay the invoices is longer and exceeding the credit perion offered.  This can severely impact cash flow and several factors contribute to this:

Complex Billing Cycles: Technology and IT services often involve complex billing structures, including milestone-based payments, subscription management models, and time-and-materials contracts. These complexities can contribute to the delays in invoicing and collections.

Client Negotiations: Clients, especially large enterprises, may negotiate extended payment terms, further elongating the DSO.

2. Inefficient Accounts Receivable Processes

Inefficient accounts receivable processes can lead to delays and errors in invoicing and payment collection. Common inefficiencies include:

Manual Processes: Reliance on manual processes for invoicing and payment tracking can result in errors and delays. 

Lack of Automation: Without automation, accounts receivable teams spend excessive time on routine tasks, leaving less time for strategic activities like follow-ups and dispute resolution.

3. Disorganized Ledger Management

Disorganized ledger management can cause significant issues in tracking and reconciling payments. This disorganization can stem from:

Inconsistent Record-Keeping: Inconsistent or inaccurate record-keeping can lead to discrepancies between the amounts billed and the amounts received.

Poor Communication: Lack of communication between departments can result in incomplete or incorrect information being recorded in the ledger.

4. Customer Disputes and Payment Delays

Customer disputes over invoices can lead to payment delays and strained relationships. Common causes of disputes include:

Billing Errors: Errors in invoices, such as incorrect amounts or missing details, can contribute to payment delays and disputes.

Service Issues: Disputes may also arise from perceived issues with the services provided, leading customers to withhold payment until the issues are resolved.

5. Economic Uncertainty

Economic uncertainty can exacerbate AR and cash flow challenges. Factors contributing to this include:

Market Volatility: Economic downturns or market volatility can lead to reduced spending by clients, resulting in delayed or missed payments.

Budget Constraints: Clients facing their own financial challenges may delay payments to manage their cash flow, impacting the AR of technology and IT services companies.

6. Regulatory Compliance

Compliance with various regulations can add complexity to the AR process. For example:

Data Privacy Regulations: Ensuring compliance with data privacy regulations like GDPR and CCPA can require additional resources and processes, potentially slowing down AR activities.

Financial Reporting Standards: Adhering to financial reporting standards can necessitate detailed documentation and verification, adding to the administrative burden.

7. Supply Chain Disruptions

Supply chain disruptions can impact the delivery of products and services, leading to delays in invoicing and payment collection. These disruptions can be caused by:

Geopolitical Tensions: Geopolitical tensions can disrupt supply chains, leading to delays in project completion and invoicing.

Raw Material Shortages: Shortages of essential raw materials can delay production and delivery, impacting the timing of invoicing and payment collection.

8. Technological Challenges

While technology is a key enabler for IT services companies, it can also pose challenges:

Integration Issues: Integrating new technologies with existing systems can be complex and time-consuming, potentially leading to delays in AR processes.

Cybersecurity Threats: Cybersecurity threats can disrupt operations and lead to delays in invoicing and payment collection.

Addressing the Challenges

1. Implement AI Powered Accounts Receivable Automation

Automating accounts receivable processes can significantly improve efficiency and accuracy. Automation tools can handle routine tasks like invoicing, payment tracking, and reminders, freeing up AR teams to focus on strategic activities. Automation can also reduce errors and speed up the payment collection process.

2. Enhance Communication and Collaboration

Improving communication and collaboration between departments can help ensure accurate and consistent record-keeping. Regular meetings and updates can help identify and resolve issues quickly, reducing the risk of disputes and delays.

3. Adopt Advanced Analytics

Leveraging advanced analytics can provide valuable insights into payment behaviors, customer creditworthiness, and collection effectiveness. Predictive analytics can help forecast cash inflows and identify high-risk accounts, enabling proactive management of AR.

4. Strengthen Customer Relationships

Building strong relationships with customers can help reduce disputes and payment delays. Regular communication and prompt resolution of issues can enhance customer satisfaction and encourage timely payments.

5. Optimize Billing Processes

Streamlining billing processes can help reduce errors and delays. This can include adopting standardized billing templates, conducting regular audits, and ensuring timely and accurate invoicing.

6. Monitor Economic Trends

Keeping a close eye on economic trends can help companies anticipate and prepare for potential challenges. This can include diversifying the customer base, offering flexible payment terms, and maintaining a healthy cash reserve.

7. Invest in Technology

Investing in technology can help address integration and cybersecurity challenges. This can include adopting cloud-based solutions, implementing robust cybersecurity measures, and ensuring seamless integration of new technologies with existing systems.

Conclusion

Accounts receivable and cash flow challenges are significant hurdles for technology and IT services companies. However, by adopting strategic measures such as AI powered accounts receivable automation, advanced analytics, and improved communication, these companies can overcome these challenges and ensure sustained growth and financial stability. At Kapittx, we are committed to helping businesses streamline their AR processes and optimize cash flow through innovative AI-powered accounts receivable solutions. By addressing these challenges head-on, companies can focus on what they do best – delivering cutting-edge technology and IT services to their clients.

[tsreviews]

AI WebProfit Review: Transform Your WordPress Site!

What Is AI WebProfit?

AI WebProfit is an all-in-one solution for website creation, design, and optimization. Here are its key features:

Automated Website Generation: AI WebProfit automatically generates WordPress websites tailored to your niche. Say goodbye to manual coding and design headaches!

SEO Optimization: The software ensures that your website is search engine-friendly from the get-go. It optimizes content, meta tags, and other crucial elements for better rankings.

High-Quality Content: AI WebProfit creates unique and relevant content for your site. No more staring at a blank screen—let the AI handle it.

Speed and Precision: With unparalleled speed, AI WebProfit streamlines the development process. Whether you’re a beginner or an experienced developer, you’ll appreciate the efficiency.

AI WebProfit Review: Features

Unique Content in 10000+ Niches

Create a Website in 25+ languages

Automatically Publish Own Content and Images Directly From ChatGPT

500+ DFY Themes

Connected OpenAI to Answers Visitor Questions Automatically

Hybrid Website Builder

100% Mobile Responsive

SEO Optimized Website

DFY Marketing Graphics & Templates

Royalty-Free Stock Images

Woo Commerce Integration

Feature Rich Slider

Appointment Booking Functionality

CTA Management

Inbuilt Social Media Tool

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[quantuminnovationit]

Future Trends in Ruby on Rails Web Development

In the ever-evolving landscape of web development, Ruby on Rails (RoR) continues to be a popular and powerful framework for building robust, scalable, and efficient web applications. As technology advances and market demands evolve, the future of Ruby on Rails web development holds exciting possibilities and trends that promise to shape the way developers approach projects. In this article, we delve into the emerging trends and innovations in ruby on rails development company, highlighting the role of leading ruby on rails development companies, particularly those in the USA, in driving innovation and pushing the boundaries of what is possible in web development.

Embracing Modern JavaScript Frameworks:

As JavaScript frameworks like React, Vue.js, and AngularJS gain prominence in the web development landscape, Ruby on Rails developers are increasingly integrating these technologies into their projects. By leveraging the strengths of both Ruby on Rails and modern JavaScript frameworks, developers can create dynamic and interactive user interfaces that enhance the overall user experience. Ruby on Rails development companies in the USA are at the forefront of this trend, leveraging their expertise to seamlessly integrate JavaScript frameworks into RoR applications and deliver cutting-edge solutions to clients.

Microservices Architecture and Scalability:

With the growing complexity of web applications and the need for scalability and flexibility, the adoption of microservices architecture is becoming increasingly prevalent in Ruby on Rails web development. By breaking down monolithic applications into smaller, independent services, developers can achieve greater scalability, fault isolation, and agility. Leading ruby on rails web development companies in the USA are embracing microservices architecture to build scalable and resilient applications that can easily adapt to changing business requirements and user demands.

Progressive Web Applications (PWAs):

Progressive Web Applications (PWAs) represent a significant trend in web development, offering the benefits of both web and mobile applications. By leveraging modern web technologies, including service workers, web app manifests, and responsive design principles, developers can create PWAs that deliver a fast, reliable, and engaging user experience across devices and platforms. Ruby on Rails development companies in the USA are leveraging the flexibility and power of RoR to build PWAs that combine the best features of native mobile apps with the reach and accessibility of the web.

AI-Powered Applications and Chatbots:

Artificial intelligence (AI) and machine learning (ML) technologies are increasingly being integrated into web applications to enhance functionality and user experience. In Ruby on Rails web development, AI-powered applications and chatbots are becoming more prevalent, providing personalized recommendations, automated customer support, and intelligent decision-making capabilities. ruby on rails development company usa  are leveraging AI and ML technologies to build sophisticated and intelligent web applications that anticipate user needs and deliver tailored experiences.

Serverless Architecture and Function as a Service (FaaS):

Serverless architecture is revolutionizing the way web applications are built and deployed, offering greater scalability, cost-efficiency, and flexibility. With the rise of Function as a Service (FaaS) platforms like AWS Lambda and Google Cloud Functions, developers can focus on writing code without worrying about managing servers or infrastructure. Leading ruby on rails development companies in the USA are embracing serverless architecture to build lightweight, event-driven applications that can scale seamlessly in response to fluctuating workloads and user demand.

Augmented Reality (AR) and Virtual Reality (VR) Experiences:

The integration of augmented reality (AR) and virtual reality (VR) technologies into web applications is opening up new possibilities for immersive and interactive user experiences. In Ruby on Rails web development, developers are exploring ways to incorporate AR and VR features into e-commerce platforms, educational portals, and entertainment websites. Ruby on Rails web development companies in the USA are at the forefront of this trend, leveraging RoR's flexibility and versatility to build immersive AR and VR experiences that push the boundaries of traditional web development.

Conclusion:

As technology continues to evolve and market demands shift, the future of Ruby on Rails web development holds immense potential for innovation and growth. By embracing emerging trends such as modern JavaScript frameworks, microservices architecture, progressive web applications, AI-powered applications, serverless architecture, and AR/VR experiences, ruby on rails web development company usa are poised to lead the way in shaping the next generation of web applications. With their expertise, creativity, and commitment to excellence, these companies are driving innovation and pushing the boundaries of what is possible in Ruby on Rails web development.

[masllp]

Enhance Your Revenue Cycle with MAS LLP's AR Management Services

In today's dynamic business landscape, efficient management of accounts receivable (AR) is crucial for maintaining healthy cash flow and sustaining business growth. However, many organizations struggle with the complexities of AR processes, leading to cash flow bottlenecks, increased bad debt, and compromised financial stability. This is where MAS LLP steps in, offering comprehensive AR management services designed to optimize your revenue cycle and maximize collections. At MAS LLP, we understand the challenges businesses face in managing their AR effectively. Our dedicated team of professionals leverages industry expertise, advanced technology, and proven strategies to streamline your AR operations and accelerate cash flow. Here's how our AR management services can benefit your organization:

Improved Cash Flow: Timely invoicing, proactive follow-up, and efficient collection strategies are the cornerstones of our AR management approach. By optimizing these processes, we help you minimize payment delays and accelerate cash inflows, providing your business with the liquidity needed to fuel growth and innovation. Reduced Bad Debt: Unpaid invoices and delinquent accounts can have a significant impact on your bottom line. With MAS LLP's AR management services, you can minimize bad debt exposure through diligent credit risk assessment, early intervention, and strategic debt recovery efforts, safeguarding your financial health and profitability. Enhanced Customer Relationships: Effective AR management isn't just about collecting payments; it's also about nurturing positive relationships with your customers. Our team adopts a customer-centric approach, balancing firmness with professionalism to ensure that collections efforts preserve goodwill and loyalty, fostering long-term partnerships and customer satisfaction. Streamlined Processes: Manual AR processes are prone to errors, delays, and inefficiencies, leading to operational bottlenecks and increased administrative costs. MAS LLP automates and streamlines your AR workflows, leveraging cutting-edge technology and best practices to minimize human intervention, improve accuracy, and boost productivity. Compliance and Risk Mitigation: Regulatory requirements and industry standards governing AR practices are constantly evolving. MAS LLP stays abreast of these changes, ensuring that your AR processes remain compliant and aligned with best practices, thereby minimizing legal and regulatory risks associated with non-compliance. Actionable Insights: Informed decision-making is key to optimizing your AR performance. MAS LLP provides actionable insights and analytics, offering visibility into key AR metrics, trends, and performance indicators. This empowers you to identify areas for improvement, refine your strategies, and drive continuous process optimization. Scalability and Flexibility: Whether you're a small business or a large enterprise, MAS LLP's AR management services are scalable and adaptable to your evolving needs. We tailor our solutions to suit your unique requirements, providing the flexibility to adjust service levels, accommodate growth, and navigate fluctuations in demand seamlessly. Partner with MAS LLP to unlock the full potential of your accounts receivable function and transform it into a strategic asset for your business. With our comprehensive AR management services, you can optimize your revenue cycle, enhance financial stability, and unlock new opportunities for growth and success. Contact us today to learn more about how we can support your AR needs and drive lasting value for your organization.

[lafsvietnam]

Latest Trends and Innovations Reshaping Web Design Agencies in Vietnam

Introduction:

In the dynamic realm of web design, Vietnam has emerged as a hub for innovation and creativity. Web design agency in Vietnam are at the forefront of adopting the latest trends to deliver cutting-edge solutions for clients worldwide. In this comprehensive article, we will delve into the exciting developments that are shaping the landscape of web design agencies in Vietnam, exploring how they integrate these trends to elevate their services.

Responsive Web Design: Crafting Seamless User Experiences

One of the foundational trends that continue to dominate the web design scene in Vietnam is responsive design. With an increasing number of users accessing websites on various devices, web design agencies in Vietnam are prioritizing responsiveness to ensure a seamless user experience. Crafting websites that adapt seamlessly to different screen sizes and resolutions has become a hallmark of top-notch web design agencies in the country.

Minimalistic Design for Maximum Impact

Web design agencies in Vietnam are embracing the power of minimalism. Clean, simple, and intuitive designs not only enhance user experience but also contribute to faster loading times. The minimalist approach allows for a clear communication of brand messages, reflecting a trend towards sophistication and elegance in web design.

Incorporating Artificial Intelligence (AI) in Design

As technology continues to evolve, web design agencies in Vietnam are integrating artificial intelligence to enhance the user experience. AI-powered chatbots, personalized content recommendations, and automated design processes are becoming increasingly prevalent. This not only streamlines the design process but also adds a layer of interactivity and personalization, making websites more engaging for users.

Immersive User Experiences with Virtual and Augmented Reality

Leading web design agencies in Vietnam are exploring the realms of virtual and augmented reality to create immersive online experiences. From interactive 3D elements to virtual showrooms, incorporating AR and VR technologies is redefining how users engage with websites. This trend is particularly prominent in industries like e-commerce and real estate, where immersive experiences can significantly impact consumer decisions.

Typography Takes Center Stage

Typography has evolved beyond being a mere element of design; it is now a powerful tool for conveying brand identity. Web design agencies in Vietnam are experimenting with bold and unique fonts to create memorable and distinctive brand messages. Customized typography adds a touch of personality to websites, contributing to a brand's overall image.

Dark Mode Designs: Aesthetic and Functional Appeal

Dark mode has transcended its role as a design trend and has become a sought-after feature for its functional benefits. Web design agencies in Vietnam are incorporating dark mode designs not only for aesthetic reasons but also to reduce eye strain and improve readability, especially in low-light conditions. This trend showcases the industry's commitment to both style and user well-being.

Micro interactions for Enhanced User Engagement

Micro interactions are subtle animations or feedback loops that enhance user interactions with a website. Vietnamese web design agencies are incorporating these micro interactions to create a more engaging and dynamic user experience. From button animations to scroll-triggered effects, these small details contribute to the overall user satisfaction and retention.

Block chain Integration for Security and Transparency

In an era of increasing cybersecurity threats, web design agencies in Vietnam are prioritizing the integration of block chain technology. This not only enhances the security of websites but also ensures transparency in transactions and data handling. The adoption of block chain reflects the commitment of Vietnamese agencies to safeguarding client and user information.

Environmental Sustainability in Web Design

As environmental consciousness grows globally, web design agencies in Vietnam are actively incorporating sustainable practices into their processes. From optimizing website performance for energy efficiency to using eco-friendly hosting solutions, these agencies are contributing to a greener digital landscape. This trend aligns with the rising demand for businesses to adopt environmentally responsible practices.

Collaboration between Web Design and Branding Agencies

In Vietnam, the synergy between web design agencies and branding agencies is becoming increasingly evident. The collaboration between these two entities ensures a holistic approach to online presence, where design seamlessly aligns with brand identity. This partnership contributes to the creation of cohesive and impactful digital experiences for clients.

Conclusion:

The web design landscape in Vietnam is undergoing a remarkable transformation, with agencies at the forefront of global trends and innovations. From responsive designs to the integration of AI and block chain, Vietnamese web design agencies are shaping the digital future. As the industry evolves, the collaboration between web design and Branding agency Vietnam emerges as a key factor in delivering comprehensive and impactful solutions. With a commitment to excellence and a keen eye on the future, web design agencies in Vietnam continue to set the bar high for the global design community.

[vncglobal]

Supply Chain 2.0: The Evolution of Logistics in the Australian Business Landscape

Introduction: In the dynamic landscape of Australian business, the evolution of supply chain management has reached new heights with the advent of Supply Chain 2.0. This transformative phase is driven by advanced technologies and innovative solutions that redefine how businesses handle logistics. In this blog post, we will explore the changing face of Supply chain solutions in Australia, focusing on supply chain solutions and the role of supply chain management software in this transformative journey.

The Current State of Supply Chain Management in Australia:

Australia's geographical expanse and its position as a global trade hub make efficient supply chain management crucial for businesses. Traditional supply chain models are no longer sufficient to meet the demands of modern commerce. Companies across industries are recognizing the need to adapt and embrace Supply Chain 2.0 to stay competitive in today's fast-paced business environment.

Supply Chain Solutions in Australia:

Supply chain solutions play a pivotal role in enhancing the efficiency, visibility, and overall performance of logistics networks. Companies are increasingly turning to comprehensive supply chain solutions to optimize their operations. From procurement to distribution, these solutions streamline processes, reduce costs, and improve customer satisfaction.

One of the key drivers of Supply Chain 2.0 in Australia is the integration of cutting-edge technologies such as artificial intelligence, machine learning, and the Internet of Things (IoT). These technologies empower businesses to make data-driven decisions, predict demand, and proactively address potential disruptions.

Supply Chain Management Software in Australia:

Central to the evolution of Supply Chain 2.0 is the adoption of advanced supply chain management software. In Australia, businesses are investing in sophisticated software solutions that offer end-to-end visibility and control over the entire supply chain. This software provides real-time insights, enabling companies to make informed decisions and quickly respond to changing market conditions.

The implementation of supply chain management software in Australia is not limited to large enterprises. Small and medium-sized businesses are also recognizing the benefits of digitizing their supply chain processes. Cloud-based solutions make these technologies accessible to businesses of all sizes, leveling the playing field and fostering innovation across the industry.

Benefits of Supply Chain 2.0 in Australia:

Increased Efficiency : Supply Chain 2.0 emphasizes automation and optimization, leading to increased efficiency in operations. From inventory management to order fulfillment, businesses can streamline processes and reduce the risk of errors.

Enhanced Visibility: Real-time data and analytics provided by supply chain management software offer unparalleled visibility into the entire supply chain. This visibility enables businesses to track shipments, monitor inventory levels, and identify potential bottlenecks.

Cost Reduction: By optimizing processes and minimizing inefficiencies, Supply Chain 2.0 helps businesses reduce overall operational costs. This cost-effectiveness is a significant factor driving the adoption of advanced supply chain solutions in Australia.

Adaptability to Market Changes : The dynamic nature of the business landscape requires companies to be agile and responsive. Supply chain management software allows businesses to adapt quickly to market changes, ensuring they stay ahead of the competition.

Final Thoughts :

As Australia embraces Supply Chain 2.0, the evolution of logistics is reshaping the way businesses manage their supply chains. The VNC Global integration of advanced supply chain solutions and management software is propelling the industry toward greater efficiency, visibility, and adaptability. Companies that invest in these technologies are better positioned to navigate the complexities of the modern business landscape, making Supply Chain 2.0 a key enabler of success in the Australian market. To stay competitive, businesses of all sizes must consider adopting these innovative solutions to unlock the full potential of their supply chains.

[learndigital1]

The future of digital marketing is different than you think

Globalized Shared Mission

The collective efforts in digital marketing have already become quintessential. But more businesses will adopt a shared and global perspective before using new digital marketing tools or executing ad campaigns.  In short, a global perspective will allow businesses of all sizes to expand their reach and simplify various processes.

Moreover, marketing messages across various digital channels would allow entrepreneurs and small businesses to build trust with the targeted audience. It will also help enterprises to thwart market skepticism and reestablish their value proposition in the market.

SEO, Data Analytics, and Artificial Intelligence

One report highlights that the execution of more than 85% of digital ads will be done through automation in the foreseeable future. But “how” you collect and render insights from a data analytics tool will also change. More businesses would focus on smart technologies to categorize audiences and configure ad space through extensive data analysis with automated programmatic advertising in play. 

Heightened Personalization

When it comes to personalized targeting, tracking KPIs and other digital marketing tools will continue to play an integral role. Personalized targeting has become a secret ingredient in rolling out effective ad campaigns and communicating with the target audience. Each element of an ad is essential and allows businesses to deliver value via storytelling.

In the new age of digital marketing, entrepreneurs and small businesses will need to be more critical and reflect on previous efforts. For instance, the more precise language of an ad shows the intent and confidence of the brand. And users will opt for brands that are not reluctant about their core message.

The Use of Augmented Reality

When it comes to the tech tools that make it easier for small businesses to communicate with the audience, AR tools are at the top. Many startups already use augmented reality technologies to achieve significant growth in the coming years. Most digital marketing experts believe that augmented reality will play a crucial role in the future and help eCommerce businesses set a new path.

Voice Optimization

More dependence on automated digital assistant solutions will allow more categorical and objective digital marketing efforts. Whether it’s Cortana, Alexa, Google Assistant, or Siri, voice search continues to gain more popularity. More users want the freedom to speak to a dedicated digital assistant directly rather than type manually.

What’s interesting is that optimization of keywords for voice-based search is entirely different. And that’s because when people want to adapt and start using their digital voice assistance, they use keywords and phrases that are more realistic and practical. As the voice recognition capabilities of digital assistants improve, digital marketers will focus on a more different SEO approach to optimize business sites based on voice search.

You may not be aware of it, but more than 70% of people with one or more activated digital assistants prefer to use voice commands rather than type the task. The fundamental approach of SEO is identical to voice recognition.

But the spotlight will be on a new style of keywords and phrases that people use in their day-to-day routine. The rise in voice recognition technologies means digital marketers will be able to target more accurate voice search results for ad campaigns and boost SEO efforts.

Google concurs that voice recognition of digital assistants is close to 95% accurate. But more precise voice recognition search results mean digital marketers will use more natural long-tail keywords than generic text-oriented ones.

Omnichannel and Integrated Approach

Fortunately, there are already tools like Hootsuite that allow businesses to maintain a unified omnipresence. In the coming years, businesses will be able to integrate their core message and value proposition for the specific target audience on various channels. A unified omnichannel digital marketing strategy will allow more businesses to understand their customers’ changing behavior, location, and preferences.

Expect More Awareness

You need a massive target audience, whether you use digital marketing for lead generation, conversion, or brand awareness. The future of digital marketing is bright because now there is more market and consumer awareness.

Businesses can also use a wide range of smart tools to collect an ocean of data and make in-depth analyses about their target audience. It’s a completely new way to approach the audience. In fact, extensive market and consumer research allow businesses to leverage untapped opportunities.

Businesses don’t need to understand every facet of new technology. Of course, the mechanics of a smart tool matter, but businesses that plan to broaden their digital marketing approach will see the most positive results. It is the main reason innovation will become vital for B2C and B2B players.

What Makes Up a Future-Proof Digital Marketing Strategy?

What may have been popular digital marketing practice a few years ago would become outdated. When it comes to digital marketing, there is always a paradigm shift that propels businesses and entrepreneurs to post more personalized content, adapt new SEO rules, and embrace smart digital technologies. 

Small businesses that want to follow the tide of digital marketing can afford to overlook emerging trends in the space. The key is to figure out how a specific trend may change the digital marketing landscape and impact business position.

In 2021, the online shopping landscape has become diversified, and ethnic minority users prefer an inclusive approach. Digital marketing has become more than just about click-through rates – it’s now about how businesses contextualize emerging trends and approach their target audience for various purposes.

Wrapping Up

In the last decade, digital marketing has been through significant upswings. From social media to search engine optimization, digital marketing continues to impact billions of users positively. With more advanced tools and practices, digital marketing will continue to propel companies to step up their competitive drive in the market.

Digital marketing has made it possible for small businesses and entrepreneurs to increase their ROI and roll out effective ad campaigns. In time, the effectiveness of digital marketing practices will reach new heights and allow companies to make the most out of AI, SEO, AR, and VR tactics.

As of now, many digital marketing trends may or may not pan out in the coming years. Unlike the traditional approach, the new wave of digital marketing boils down to customer behavior. Needless to say, new strategic digital marketing efforts will allow businesses to set a new precedent.

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