ReportWire

Tag: tech companies

  • 2 Vanguard ETFs to Buy Before 2026

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    Courtesy of The Vanguard Group

    There are many different exchange-traded fund (ETF) providers in the industry, but Vanguard stands out as one of the best. Its plethora of offerings, low cost, and interface make it a top choice for investors. It has a strong history of providing funds that manage to outperform the broader market. There’s plenty to like about Vanguard ETFs, and if you’re looking to add them to your portfolio, consider the Vanguard Growth ETF (NYSEARCA:VUG) and Vanguard Dividend Appreciation ETF (NYSE:VIG). Here’s why I think they’d make a great investment before 2026.

    • Vanguard Growth ETF (VUG) allocates 63% to technology and has returned 133% over five years.

    • VUG holds mega-cap tech companies including Nvidia and Apple with a 0.04% expense ratio.

    • Vanguard Dividend Appreciation ETF (VIG) invests in companies with 10+ years of dividend increases and excludes the highest-yielding 25%.

    • If you’re thinking about retiring or know someone who is, there are three quick questions causing many Americans to realize they can retire earlier than expected. take 5 minutes to learn more here

    The Vanguard Growth ETF is a reliable ETF that has outperformed the market. It tracks the performance of the CRSP U.S. Large Cap Growth Index and is a passively managed fund with an expense ratio of 0.04%. Tech companies have become a reliable investment in the market due to their return potential, and about 63% of VUG’s portfolio lies in the tech sector.

    While it isn’t a pure-play tech ETF, it invests in growth-focused stocks, and most of these are tech companies. The ETF allocates 63.3% to the technology sector, followed by 17.80% to the consumer discretionary sector. It weighs stocks based on the market cap, and large-cap companies account for more of the fund than small-cap companies. Its top 10 holdings include global giants such as Nvidia, Apple, Microsoft, Amazon, Tesla, and Google. The fund has a yield of 0.38% and has seen steady upside since May 2025.

    If you believe in the future of the technology sector and are a fan of the mega-cap tech companies, VUG is a smart way to gain exposure to the sector. One reason to own the ETF is the history of outperforming the market. The fund has generated a cumulative return of 127.84% in 3 years and 132.72% in 5 years. It has gained 16.34% in 2025 and is exchanging hands for $476.

    The Vanguard ETF will grow your money with little effort. Since growth stocks have outperformed value stocks in the past five years, VUG could be an ideal pick for 2026. By focusing on sectors like tech and consumer discretionary, VUG could outperform the broader market in the coming years.

    Businessman draw growing line symbolize growing Dividends
    Vadi Fuoco / Shutterstock.com

    The Vanguard Dividend Appreciation ETF tracks the performance of the S&P U.S. Dividend Growers Index and holds 338 stocks. The fund invests in large-cap stocks with a record of increasing dividends for 10 years. VIG is the right option for growth-oriented investors because dividend growth matters in the long term.

    The companies in this index rarely have high yields, but they are producing earnings at a significant rate, ensuring steady returns for investors who hold the stock for the long term. The fund excludes the highest-yielding 25% of the list and includes the remaining stocks using a market cap weighting; hence, the largest companies have the highest impact on performance. VIG can help navigate market uncertainty due to the massive portfolio diversification and steady income potential.

    Similar to VUG, this is a tech-focused fund and allocates 28.50% to the sector. This is followed by 21.60% in the financial sector and 15.50% in healthcare. Its top 10 stocks include dividend stalwarts such as Eli Lilly, Walmart, Johnson & Johnson, and Exxon Mobil. The fund has a yield of 1.59% and an expense ratio of 0.05%. While it has a lower yield, it tends to deliver a higher passive income over time.

    VIG has a cumulative 3-year return of 54.60% and a 5-year return of 89.46%. It has gained 10.34% year to date and is exchanging hands for $215. VIG gives an opportunity to invest in solid blue chip stocks without taking high risk. The fund has remained a solid performer and could be a great investment for 2026.

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    The good news? After answering three quick questions many Americans are finding they can retire earlier than expected. If you’re thinking about retiring or know someone who is, take 5 minutes to learn more here.

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  • Big tech is helping to pay for Trump’s ballroom that we all definitely want

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    The federal government has released a list of all of the entities helping to pay for President Trump’s lavish White House ballroom, . Big tech is all over this thing, with companies like Amazon, Apple, Google, Meta and Microsoft all shelling out cash to fund the 90,000-square-foot ballroom.

    It’s not just big tech. Defense firms are also helping to pony the bill here. Companies like Lockheed Martin and Palintir are sending some cash, as are random billionaires like the Winklevoss twins and Domino Sugar magnate José Fanjul. The list reads like a who’s who of the ultra wealthy and connected.

    As we all know, giant corporations and billionaires are kind and selfless, but what if just this one time they want something in return for their largesse? Columbia professor of law Richard Briffault told Time have done “significant” business with the federal government, raising ethical concerns.

    “I doubt it’s a literal quid-pro-quo, but it’s probably more like ‘if you give this, I will look favorably upon you.’ Or maybe more like, ‘if you don’t give this, after you’ve been asked, I won’t [look favorably upon you],” Briffault said. “It’s greasing the system by making contributions, and in some ways, his leaning on them for contributions is quasi-coercive.”

    Noah Bookbinder, CEO and President of ethics watchdog organization said the whole thing is “extraordinarily unusual, deeply disturbing and does have tremendous ethics implications.” He also said that “Donald Trump has made very clear over the years that he does appreciate people paying tribute to him, and he does tend to do things that benefit those people.”

    Trump has been personally woo-ing these potential financiers. There was a fundraising dinner in the East Room last week that included representatives of several of the aforementioned companies. The dinner was billed as an event to “Establish the Magnificent White House Ballroom,” . The outlet also reported that Trump has held meetings at the White House and at his club in Virginia to raise money for the project.

    It’s worth noting that this isn’t the first time big tech companies have banded together to pay tribute to Trump. Most of the aforementioned companies and, heck, Apple CEO Tim Cook for some reason.

    The construction of this glorious ballroom we all most definitely want has already been at the heart of several controversies. Americans were recently surprised to find that the East Wing of the White House , despite the president previously promising the ballroom would not even touch the actual property.

    In any event, we’ll soon be able to watch live feeds of the ultra rich dancing the night away to the Village People or whatever, which is sure to solve all of our problems. In unrelated news, food stamps are likely to run out next week for around 41 million Americans and .

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    Lawrence Bonk

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  • EU tells Apple it has “no intention” of repealing the Digital Markets Act

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    The European Union has summarily rejected to repeal and replace its Digital Markets Act (DMA), the law that governs much about how giant tech companies must operate within the 27-nation bloc. As by France 24, EU digital affairs spokesperson Thomas Regnier responded to Apple’s open letter regarding the DMA’s effect on users in the EU.

    “Apple has simply contested every little bit of the DMA since its entry into application,” said Regnier. He added that the Commission had “absolutely no intention” of dismantling the DMA. The landmark legislation was in an effort to rein in the ever-growing reach and power of big tech and to level the playing field for smaller would-be competitors.

    Since then, Apple has found itself in hot water in the EU over its , and its . Earlier this year, the Commission approximately $570 million for anti-competitive activities, which the company is .

    This summer, the Commission opened a period of for the DMA with a deadline for submission of September 24. Apple , while also taking the time to publicly decry the DMA through a .

    In the post, Apple says “it’s become clear that the DMA is leading to a worse experience for Apple users in the EU.” The company says it is “urging regulators to take a closer look at how the law is affecting the EU citizens who use Apple products every day,” alleging that the implementation of these laws is opening users to higher risks of scams, exposure to harmful apps and weakened security surrounding user data.

    The back-and-forth over the DMA and the hefty fines being levied against big tech companies has become part of the political discourse amid trade negotiations between the US and the EU. President Donald Trump at American companies facing such heavy fines, and The Wall Street Journal alleged that the EU was using these fines in part as a in trade negotiations.

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    Andre Revilla

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  • A former Facebook lobbyist is now in charge of the EU’s Facebook regulator

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    A former lobbyist for Meta is now in charge of the EU’s chief regulator for big tech firms, . Niamh Sweeney has been named commissioner of the Data Protection Commission (DPC), which is one of the largest EU data protection authorities.

    Prior to this, she worked at Meta for six years. Sweeney was director of European public policy at WhatsApp and head of Irish public policy at Facebook for many of those years. She becomes the third active commissioner of the regulatory body, joining Des Hogan and Dale Sutherland.

    “As the responsibilities and scope of the DPC continue to grow, I am pleased that three commissioners will now lead and manage this key regulatory body,” said Ireland’s Minister for Justice Jim O’Callaghan.

    The organization has welcomed Sweeney’s appointment, saying it looks forward to “working with her as the DPC continues to uphold the EU’s fundamental right to data protection.” However, this regulatory body is notorious to big tech, .

    The country offers a low corporate tax rate and tends to be lenient . The DPC has developed a reputation for not actually calling on big tech companies to pay out fines for violating laws like the EU’s General Data Protection Regulation. As a matter of fact, the organization has only managed to collect around 0.6 percent of the .

    Some of these violations were attributed to Meta itself. The company was fined nearly $300 million impacted Facebook accounts throughout the globe. Meta was after it was found to be storing passwords in plain text, which is a GDPR violation. Here’s hoping Sweeney is willing to step up against her old bosses.

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    Lawrence Bonk

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  • Fiverr is laying off 250 employees to become an ‘AI-first company’

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    Gig economy platform Fiverr is laying off 250 employees as it pivots to being an “AI-first company,” CEO Micha Kaufman shared in an essay on X. The move affects around 30 percent of the company’s staff, The Register writes, and it’s not uncommon among tech companies in 2025. Duolingo announced similar plans to become “AI-first” in April.

    Kaufman describes this process as returning to “startup mode” and writes that his ultimate goal is to turn Fiverr into “an AI-first company that’s leaner, faster, with a modern AI-focused tech infrastructure, a smaller team, each with substantially greater productivity, and far fewer management layers.” Part of the justification Kaufman offers for why Fiverr doesn’t “need as many people to operate the existing business” is that the company has already integrated AI into its customer support and fraud detection programs.

    The first sign that Fiverr might justify layoffs with AI came when Kaufman was interviewed by CBS News in May 2025 about the danger the technology posed to employees. Kaufman specifically advised employees to “automate 100 percent” of what they do with AI, while also claiming that wouldn’t make them replaceable because they were still capable of “non-linear thinking” and “judgement calls.” That advice doesn’t seem like it was ultimately helpful for Fiverr’s own employees.

    The company’s cuts affect fewer people than a larger firm like Workday, who announced plans to eliminate 1,750 roles in February 2025. Regardless of the size of the company or its level of investment in AI, though, layoffs have the same effect: More work has to be done by fewer people.

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    Ian Carlos Campbell

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  • Utilities give tech companies ‘special deals’ as data centers leave US homeowners with higher energy bills: ‘There’s a massive outcry’

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    For American families, costs are rising across the board.

    Electrical bills are one example of where prices are climbing. These increases are not solely driven by inflation; they are also being fueled by the construction of massive data centers across the U.S.

    Different states are responding to that reality in different ways, but some are looking for large tech companies to foot the bill for their own projects, the Associated Press reported.

    What’s happening?

    Massive data centers built by tech corporations like Microsoft, Google, Amazon, and Meta are springing up across America.

    Beyond traditional functions like providing websites for online shopping, this incredible explosion of computing power is being used for generative AI applications such as ChatGPT, which is many times more resource-intensive than an ordinary computer search.

    The astronomical number of computer servers inside need an equally astronomical amount of electricity to run, putting the power demands of these facilities above those of entire cities such as Pittsburgh, Cleveland, or New Orleans, according to AP News.

    To provide this power, electrical utilities are building new infrastructure, including power lines and power plants. Meanwhile, the same power companies are making special deals with these tech companies to capture their business and ensure that data centers are built in their area of operation — deals that involve paying lower rates for power.

    Why is the power use of data centers important?

    Theoretically, new users on the power grid should cover the cost of the infrastructure needed to serve them. However, in practice, ordinary ratepayers are footing the bill.

    Monitoring Analytics, an independent organization monitoring the mid-Atlantic grid, found that 70% of last year’s increases were caused by increased demand from data centers, for example.

    That means that everyday consumers — like you — are paying more because someone else is using more electricity. That’s on top of all the extra pollution being generated.

    This increase is “something legislators have been hearing a lot about,” according to Charlotte Shuff of the Oregon Citizens’ Utility Board, a consumer advocacy group.

    “It’s something we’ve been hearing a lot about,” she told AP News. “More people are speaking out at the public utility commission in the past year than I’ve ever seen before. There’s a massive outcry.”

    What’s being done about rising utility rates?

    For now, legislation that might keep this issue in check is still in the works in 16 states.

    However, you can opt out of paying most of these fees by generating your own electricity with solar panels. You’ll also lower the amount of heat-trapping pollution produced to power your home.

    If you want to avoid up-front purchase costs, check out solar leasing options like Palmetto’s LightReach program. If leasing isn’t for you, check out EnergySage to find vetted solar installers in your area and compare quotes.

    If you’re not sure whether you want to buy or lease, Palmetto has a helpful breakdown of the pros and cons.

    Join our free newsletter for good news and useful tips, and don’t miss this cool list of easy ways to help yourself while helping the planet.

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  • Tech CEOs are backtracking on their RTO mandates—now, just 3% of firms asking workers to go into the office full-time

    Tech CEOs are backtracking on their RTO mandates—now, just 3% of firms asking workers to go into the office full-time

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    Many tech firms have spent the last two years summoning workers back into the office—all the while threatening them with layoffs. Even Zoom reverted to in-person working last year.

    But now, it looks like tech bosses have given up their war on working from home. 

    Just 3% of tech firms are now asking their workers to go into the office full-time—a significant drop from 8% last year.

    Flex Index analyzed the flexible work policies for 2,670 tech companies that collectively employ over 11 million people—and it found that tech firms have conceded that flexible working is here to stay.

    In fact, 79% of the tech firms surveyed are fully flexible, up from 75% in 2023. 

    Meanwhile, more and more firms are giving employees the choice of when and where they work.

    While 38% of tech firms had an “employee’s choice” model in 2023, today that percentage has jumped to 56%. It’s now the most popular policy among tech firms.

    In comparison, just 18% of firms are dictating which days their workers need to work from the office with a “structure hybrid model”.

    Tech CEOs can’t make their minds up on RTO

    Tech companies are perhaps the most well-positioned to work from home—and, in some cases, have even created the tools to do so.

    It’s why in 2020, the likes of Meta, Twitter (now X), Shopify, and more declared that they were going to leverage the new decentralized way of working for good. 

    “We are going to be the most forward-leaning company on remote work at our scale, with a thoughtful and responsible plan for how to do this,” Mark Zuckerberg boasted, while claiming that half of Meta’s employees would be working remotely within the next five to 10 years. 

    That was until last year, when Zuckerberg declared that 2023 was going to be the “Year of Efficiency” and demanded workers return to work in the name of productivity, while simultaneously scaring staff into complying with mass layoffs.

    Meanwhile, just two years after declaring that 60% of its workforce would operate remotely, Dell has now told workers that they must go into the office three days a week if they want any hope of a promotion.

    Google, Salesforce and Amazon are also among major tech companies that are cracking down on return-to-office policies—and meeting resistance from workers.

    CEOs have given up on RTO

    It’s not just in the tech world that defeated CEOs have given up on forcing their workers to return to their vertical towers. Separate research echoes that CEOs across the board have softened their stance on working from home. 

    KPMG surveyed U.S. CEOs of companies turning over at least $500 million and found that just one-third expect a full return to the office in the next three years.

    It’s a complete 360 from their stance last year, when 62% of CEOs surveyed predicted that working from home would end by 2026.

    Why the change of heart? It’s no secret that rigid in-office policies haven’t landed well with workers.

    Leaders are perhaps experiencing more resistance than they had anticipated.

    Amazon is perhaps the most documented example of how ugly the RTO battle can get: Around 30,000 employees signed a petition protesting the company’s in-office mandate, and more than 1,800 pledged to walk out from their jobs to take a stand. 

    The tech giant is still complaining that workers are dodging the three-day in-office mandate, over a year after it was announced.

    Dropbox cofounder and CEO Drew Houston perfectly summed up the situation with bosses struggling over RTO: “They keep hitting the go-back-to-2019 button, and it’s clear it’s not working.”

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    Orianna Rosa Royle

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  • Prediction: These Could Be the Best-Performing Artificial Intelligence (AI) Stocks Through 2030

    Prediction: These Could Be the Best-Performing Artificial Intelligence (AI) Stocks Through 2030

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    Do you remember first hearing about this strange thing called “the cloud”? It was probably sometime in the 2010s. Many said it would be a massive boon for tech companies — and they were right.

    Spending on public cloud usage rose from $31 billion in 2015 to nearly $200 billion in 2023. Microsoft‘s Intelligent Cloud and Amazon‘s (NASDAQ: AMZN) Amazon Web Services (AWS) provide terrific revenue streams with annual run rates of over $100 billion each. This technology has been the linchpin driving total returns of over 900% since 2015 for both stocks.

    Artificial intelligence (AI) looks like the next big thing. Some say it will be as transformative as the internet. The International Monetary Fund says it will change nearly 40% of jobs worldwide, and data compiled by Statista shows the AI market will increase sixfold from $300 billion this year to over $1.8 trillion by 2030.

    A bar chart showing estimates of increased AI spending.

    A bar chart showing estimates of increased AI spending.

    Here are four companies taking advantage of the growth in AI with the potential to make investors very happy in the next six years.

    Palantir

    Palantir (NYSE: PLTR) is a popular stock, and much of the hype is deserved. Managing, analyzing, and using data to optimize decision-making are at the core of its business. And its platforms for the private sector and governments use AI to do this.

    Palantir’s newest product, Artificial Intelligence Platform (AIP), is also built for the defense and the private sectors, where it deploys on the customer’s network and leverages large language models (LLMs). What exactly does this mean? Here’s an example from Palantir.

    Say that you’re a military operator in charge of forces in the field, and data comes in saying the enemy is amassing equipment nearby. The operator can visualize the field and ask questions such as, “What enemy units are nearby?” and “What are likely enemy formations?” Then, they can direct drones or satellites to capture images. Using this technology assists the operator with planning and operational decisions.

    Palantir has historically done well with defense revenue. This is a terrific source of income because governments have deep pockets. However, the private sector also offers a massive marketplace.

    The company’s commercial revenue grew 32% year-over-year (YOY) in the fourth quarter of 2023 to $284 million (an acceleration from the 23% YOY growth in Q3), and government revenue grew 11% to $324 million. Palantir was also profitable on a generally accepted accounting principles (GAAP) basis for the fifth straight quarter — an impressive achievement for a high-growth tech company.

    The stock trades for 25 times sales, which isn’t cheap, but this falls to 20 on a forward basis using sales estimates. There’s short-term risk because of the valuation, so consider buying over time. In the long term, Palantir’s AI credentials are top-notch.

    UiPath

    Here’s a phrase to add to your vocabulary: robotic process automation (RPA). This takes tedious and non-value-adding tasks and automates them.

    For example, a mortgage broker may spend hours reviewing emails, downloading attachments, and manually entering data into applications. With RPA, this can be automated, freeing the broker to focus on higher-level tasks like communicating with underwriters and reaching out to customers. This is an example of what UiPath (NYSE: PATH) can do for its customers.

    Speaking of customers, UiPath boasts over 10,800 of them, and they provide $1.4 billion in annual recurring revenue (ARR). Sales came in at $326 million in the third quarter of UiPath’s fiscal 2024 (the three months ended Oct. 31, 2023) on 24% growth, which is impressive, considering the challenging economic environment in 2023. UiPath also has a fortress-like balance sheet with $1.8 billion in cash and investments and no long-term debt.

    UiPath has stiff competition in a fragmented industry, which may be the most significant risk for investors. The company is also not GAAP profitable, although it is cash-flow positive. The stock trades for 11 times sales, which is reasonable for the industry.

    RPA has the potential to save companies vast amounts of money by automating low-level tasks, and UiPath could be a significant long-term beneficiary of this trend.

    Evolv Technologies

    Before I delve into this company, please note that this stock has a market cap of less than $1 billion, making it more speculative than others. Managing risk is crucial, so speculative stocks should only occupy a set portion of your portfolio, based on your age, i.e., how much time you have to make up losses, and risk tolerance. With that understanding, Evolv Technologies (NASDAQ: EVLV) sells fascinating technology that could save your life (and maybe make investors loads of money).

    Currently, when entering a stadium or other venue, people stand in line to go through a metal detector one at a time, empty their pockets, and often get a second screening with a wand. It’s inefficient, and items are often missed.

    Evolv’s technology is different. Multiple people can walk through the AI-powered machines, and the detectors look at various characteristics, such as shapes, to identify guns or knives, rather than alerting for everything metal, like car keys. Alerts show security personnel where the object is detected, and they take it from there.

    Schools, hospitals, and stadiums are the target customers for Evolv. Several major sports teams, school districts, and medical campuses already use it. Ending ARR in Q3 2023 was $66 million on 129% year-over-year growth, and subscriptions jumped 137% to just over 4,000. With a market cap of $676 million, Evolv trades at a reasonable 10 times ARR and has loads of potential.

    Amazon

    I said there was at least one company in this article that you may have never heard of, but it’s probably not this one. Amazon is known for its online marketplace, but will also benefit tremendously from AI since AWS is the world’s leading cloud service provider.

    AI software requires tons of data, and much of this will be processed in the cloud. Amazon also offers other AI solutions, like foundational models — which allow users to tailor AI software to their needs.

    Amazon just released its Q4 2023 earnings, and they were spectacular. Total revenue was up 14% to $170 billion, along with significant increases in cash flow and operating income. As depicted below, the stock rose but still trades below its five-year average, based on sales and cash flow.

    AMZN PS Ratio ChartAMZN PS Ratio Chart

    AMZN PS Ratio Chart

    AI will give Amazon a boost that should please investors for years to come.

    Should you invest $1,000 in Palantir Technologies right now?

    Before you buy stock in Palantir Technologies, consider this:

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    John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Bradley Guichard has positions in Amazon and UiPath. The Motley Fool has positions in and recommends Amazon, Microsoft, Palantir Technologies, and UiPath. The Motley Fool has a disclosure policy.

    Prediction: These Could Be the Best-Performing Artificial Intelligence (AI) Stocks Through 2030 was originally published by The Motley Fool

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  • A Simple Marketing Technique Could Make America Healthier

    A Simple Marketing Technique Could Make America Healthier

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    This article was originally published in Knowable Magazine.

    Death from colorectal cancer can be prevented by regular screenings. Controlling high blood pressure could prolong the lives of the nearly 500,000 Americans who die from this disease each year. Vaccinations help prevent tetanus, which could otherwise be lethal.

    Clearly, preventive medicine can make a big difference to health.

    And yet most people don’t get the preventive care that could save their lives. Indeed, as of 2015, only 8 percent of U.S. adults 35 and older had received all immunizations, cancer screenings, and other high-priority services recommended for them.

    Researchers seeking to change that are borrowing a page from Facebook, Google, and other tech companies. By rapidly comparing small differences in how they communicate with patients—a process known as A/B testing—health-care workers can quickly learn what works and what doesn’t. The approach has already delivered several actionable improvements, though not everyone is convinced of its value.

    Tech-oriented companies use A/B testing to make decisions about marketing slogans, web-page colors, and lots of other options. The key is randomization, meaning that people are randomly assigned to see different versions of whatever is being tested. Does a bigger “Subscribe” button on a website generate more clicks than a smaller one? Does one headline over a story capture more readers than another?

    Leora Horwitz, an internist and a health-services researcher at NYU Langone Health, and her colleagues adopted this technique—which they call rapid randomized controlled trials—to learn how to improve the delivery of health-care services. Randomized controlled trials, or RCTs, are widely used in medicine, typically to test new drugs or other disease treatments. For example, patients may be randomly assigned to receive either a new drug or the current standard treatment, then followed for months or years to assess whether the new drug works better. But those trials are slow and expensive, in part because researchers have to recruit people willing to be in a medical experiment.

    Rapid RCTs, by contrast, are not used to study new treatments, so nobody has to be recruited to participate. Rather, Horwitz’s goal is to improve health-care delivery through quick trials in which one can repeatedly test and fine-tune changes to health-care delivery based on what researchers learn from each test.

    “We are randomizing what we’re doing so that we can quickly and accurately assess whether what we are doing is working,” says Horwitz, who wrote about the approach in the 2023 Annual Review of Public Health.

    For example, Horwitz and her colleagues wanted to figure out how to get patients to book appointments to address care gaps—preventive services that are overdue. Because of the huge number of patients, physicians’ offices can’t contact everyone by telephone or through the online portal that NYU Langone uses to communicate with patients. So the health system needed to understand what type of reminders were most effective.

    In the A/B test, patients with care gaps were divided into two sets: those who had signed up for an online-portal account and those who had not. Patients in each set were then sorted into different groups based on their health-care history. Patients who, based on past behavior, were unlikely to initiate appointments on their own were put in higher-risk groups; those who had eventually booked their own appointments in the past were assigned to lower-risk groups.

    In one part of the test, several thousand patients who had no portal account were randomized so that some received a telephone-call reminder and others did not. Patients who received a phone call booked appointments to address 6.2 percent of the care gaps, compared with just 0.5 percent among those who were not called.

    In another part of the test, some patients with portal accounts received a reminder message through that channel, while others did not. Of those who received the message, 13 percent scheduled the needed services, compared with 1.1 percent of those who were not contacted.

    Importantly, the experiments revealed that a phone-call reminder was the most effective way to reach the subgroups of patients who were high-risk and the least likely to get their preventive services without a nudge. Shortly after the test results were known, NYU Langone prioritized all of its highest-risk patients to receive telephone reminders and greatly expanded its capacity for sending messages through the patient portal.

    “When we learn something, we apply that to all of our messaging quickly,” Horwitz says. That immediately extends what they’ve learned to tens of thousands of people. “That’s gratifying.”

    NYU Langone’s A/B testing is why many of the medical center’s female patients are now receiving short messages to remind them to schedule their mammograms. The researchers used rapid RCTs to test the wording on reminders sent through the online portal: Would shorter messages get better results? Indeed, patients who received a 78-word reminder scheduled nearly twice as many mammograms as those who received the old 155-word message.

    In another investigation, to find out how to boost vaccination rates among very young children, Horwitz and her team turned to rapid randomized tests that compared one-text and two-text reminders to parents against no text reminder at all. Only the two-text reminder—one sent at 6 p.m., the other sent at noon two days later—made a difference, tripling the number of appointments scheduled. Most appointments were made after the second text, suggesting that this booster reminder was what triggered the parents to act.

    Though it’s still new to the health-care sector, the idea of rapid RCTs is catching on. One research team—an economist, a physician, and a public-policy expert, none of whom was affiliated with Horwitz’s group—used the technique to learn how to increase the use of preventive-care services by Black men, the U.S. demographic group with the lowest life expectancy.

    They recruited more than 1,300 Black men from Oakland, California–area barbershops and flea markets, asked them to fill out a health questionnaire, and gave them a coupon for a free health screening. A pop-up clinic, staffed with 14 Black and non-Black male doctors, was set up to provide the screenings, and the participating men were randomly assigned to a Black or a non-Black doctor. The result: Black men assigned to Black physicians were more likely to get diabetes screenings, flu vaccinations, and other preventive services than those assigned to non-Black doctors.

    Some experts doubt that rapid A/B testing will ever become commonplace in health care. Darren DeWalt, a physician who directs the Institute for Healthcare Quality Improvement at the University of North Carolina, likes the concept, but he thinks most health-care organizations will avoid it for ethical reasons, possibly because people tend to disapprove of randomization, even in the context of something as innocuous as appointment reminders. “People in this country don’t like the idea that they are randomly allocated to something, even something as simple as that,” DeWalt says. “There’s a lot of suspicion around researchers in health care.”

    Others criticize A/B testing as tinkering at the margins. Pierre Barker, the chief scientific officer for the nonprofit Institute for Healthcare Improvement in Boston, believes that significant improvements in health-care delivery require an in-depth analysis of the problem to be solved, which may require many changes to the system. By contrast, rapid randomized controlled trials focus on a single, discrete change—say, the words used in a telephone script—rather than a broader effort to understand why patients don’t get preventive services and what can be done to change that.

    “The attractiveness is how fast it can move, more than the size of the impact,” he says. “I remain to be convinced that you can get more than a small incremental change” from rapid randomized controlled trials.

    It is true that the majority of NYU Langone’s care gaps were not resolved by the new reminders, says Horwitz, but the tests did provide information that led to hundreds of potentially lifesaving services being performed. That is what convinces her that the health-care industry should embrace rapid randomized trials.

    “If you were working for a web company or an airline or any other industry, you would randomize as a matter of course—this is the standard practice,” she says. “But it is still very foreign in health care, and it shouldn’t be.”

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    Lola Butcher

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  • Political Campaigns May Never Be the Same

    Political Campaigns May Never Be the Same

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    Depending on whom you ask in politics, the sudden advances in artificial intelligence will either transform American democracy for the better or bring about its ruin. At the moment, the doomsayers are louder. Voice-impersonation technology and deep-fake videos are scaring campaign strategists, who fear that their deployment in the days before the 2024 election could decide the winner. Even some AI developers are worried about what they’ve unleashed: Last week the CEO of the company behind ChatGPT practically begged Congress to regulate his industry. (Whether that was genuine civic-mindedness or self-serving performance remains to be seen.)

    Amid the growing panic, however, a new generation of tech entrepreneurs is selling a more optimistic future for the merger of AI and politics. In their telling, the awesome automating power of AI has the potential to achieve in a few years what decades of attempted campaign-finance reform have failed to do—dramatically reduce the cost of running for election in the United States. With AI’s ability to handle a campaign’s most mundane and time-consuming tasks—think churning out press releases or identifying and targeting supporters—candidates would have less need to hire high-priced consultants. The result could be a more open and accessible democracy, in which small, bare-bones campaigns can compete with well-funded juggernauts.

    Martin Kurucz, the founder of a Democratic fundraising company that is betting big on AI, calls the technology “a great equalizer.” “You will see a lot more representation,” he told me, “because people who didn’t have access to running for elected office now will have that. That in and of itself is huge.”

    Kurucz told me that his firm, Sterling Data Company, has used AI to help more than 1,000 Democratic campaigns and committees, including the Democratic Congressional Campaign Committee and now-Senator John Fetterman, identify potential donors. The speed with which AI can sort through donor files meant that Sterling was able to cut its prices last year by nearly half, Kurucz said, allowing even small campaigns to afford its services. “I don’t think there have ever been this many down-ballot candidates with some level of digital fundraising operation,” Kurucz said. “These candidates now have access to a proper campaign infrastructure.”

    Campaigns big and small have begun using generative-AI software such as ChatGPT and DALL-E to create digital ads, proofread, and even write press releases and fundraising pitches. A handful of consultants told me they were mostly just experimenting with AI, but Kurucz said that its influence is more pervasive. “Almost half of the first drafts of fundraising emails are being produced by ChatGPT,” he claimed. “Not many [campaigns] will publicly admit it.”

    The adoption of AI may not be such welcome news, however, for voters who are already sick of being bombarded with ads, canned emails, and fundraising requests during election season. Advertising will become even more hyper-targeted, Tom Newhouse, a GOP strategist, told me, because campaigns can use AI to sort through voter data, run performance tests, and then create dozens of highly specific ads with far fewer staff. The shift, he said, could narrow the gap between small campaigns and their richer rivals.

    But several political consultants I spoke with were skeptical that the technology would democratize campaigning anytime soon. For one, AI won’t aid only the scrappy, underfunded campaigns. Deeper-pocketed organizations could use it to expand their capacity exponentially, whether to test and quick produce hundreds of highly specific ads or pinpoint their canvassing efforts in ways that widen their advantage.

    Amanda Litman, the founder of Run for Something, an organization that recruits first-time progressive candidates, told me that the office seekers she works with aren’t focused on AI. Hyperlocal races are still won by the candidates who knock on the most doors; robots haven’t taken up that task, and even if they could, who would want them to? “The most important thing for a candidate is the relationship with a voter,” Litman said. “AI can’t replicate that. At least not yet.”

    Although campaigns have started using AI, its impact—even to people in politics—is not always apparent. Fetterman’s Pennsylvania campaign worked with Kurucz’s AI-first firm, but two former advisers to Fetterman scoffed at the suggestion that the technology contributed meaningfully to his victory. “I don’t remember anyone using AI for anything on that campaign,” Kenneth Pennington, a digital consultant and one of the Fetterman campaign’s earliest hires, told me. Pennington is a partner at a progressive consulting firm called Middle Seat, which he said had not adopted the use of generative AI in any significant way and had no immediate plans to. “Part of what our approach and selling point is as a team, and as a firm, is authenticity and creativity, which I think is not a strong suit of a tool like ChatGPT,” Pennington said. “It’s robotic. I don’t think it’s ready for prime time in politics.”


    If AI optimists and pessimists agree on anything, it’s that the technology will allow more people to participate in the political process. Whether that’s a good thing is another question.

    Just as AI platforms could allow, say, a schoolteacher running for city council to draft press releases in between grading papers, so too can they help a far-right activist with millions of followers create a semi-believable deep-fake video of President Joe Biden announcing a military draft.

    “We’ve democratized access to the ability to create sophisticated fakes,” Hany Farid, a digital-forensics expert at UC Berkeley, told me.

    Fears over deep-fakes have escalated in the past month. In response to Biden’s formal declaration of his reelection bid, the Republican National Committee released a video that used AI-generated images to depict a dystopian future. Within days, Democratic Representative Yvette Clarke of New York introduced legislation to require political ads to disclose any use of generative AI (which the RNC ad did). Early this month, the bipartisan American Association of Political Consultants issued a statement condemning the use of “deep-fake generative AI content” as a violation of its code of ethics.

    Nearly everyone I interviewed for this story expressed some degree of concern over the role that deep-fakes could play in the 2024 election. One scenario that came up repeatedly was the possibility that a compelling deep-fake could be released on the eve of the election, leaving too little time for it to be widely debunked. Clarke told me she worried specifically about a bad actor suppressing the vote by releasing invented audio or video of a trusted voice in a particular community announcing a change or closure of polling sites.

    But the true nightmare scenario is what Farid called “death by a thousand cuts”—a slow bleed of deep-fakes that destroys trust in authentic sound bites and videos. “If we enter this world where anything could be fake, you can deny reality. Nothing has to be real,” Farid said.

    This alarm extends well beyond politics. A consortium of media and tech companies are advocating for a global set of standards for the use of AI, including efforts to authenticate images and videos as well as to identify, through watermarks or other digital fingerprints, content that has been generated or manipulated by AI. The group is led by Adobe, whose Photoshop helped introduce the widespread use of computer-image editing. “We believe that this is an existential threat to democracy if we don’t solve the deep-fake problem,” Dana Rao, Adobe’s general counsel, told me. “If people don’t have a way to believe the truth, we’re not going to be able to decide policy, laws, government issues.”

    Not everyone is so concerned. As vice president of the American Association of Political Consultants, Larry Hyuhn helped draft the statement that the organization put out denouncing deep-fakes and warning its members against using them. But he’s relatively untroubled about the threats they pose. “Frankly, in my experience, it’s harder than everyone thinks it is,” said Hyuhn, whose day job is providing digital strategy to Democratic clients who include Senate Majority Leader Chuck Schumer. “Am I afraid of it? No,” Hyuhn told me. “Does it concern me that there are always going to be bad actors doing bad things? That’s just life.”

    Betsy Hoover, a former Obama-campaign organizer who now runs a venture-capital fund that invests in campaign tech, argued that voters are more discerning than people give them credit for. In her view, decades of steadily more sophisticated disinformation campaigns have conditioned the electorate to question what they see on the internet. “Voters have had to decide what to listen to and where to get their information for a really long time,” she told me. “And at the end of the day, for the most part, they’ve figured it out.”

    Deep-fake videos are sure to get more convincing, but for the time being, many are pretty easy to spot. Those that impersonate Biden, for example, do a decent job of capturing his voice and appearance. But they make him sound slightly, well, younger than he is. His speech is smoother, without the verbal stumbles and stuttering that have become more pronounced in recent years. The technology “does require someone with some real skill to make use of,” he said. “You can give me a football; I still can’t throw it 50 yards.”

    The same limitations apply to AI’s potential for revolutionizing campaigns, as anyone who’s played around with ChatGPT can attest. When I asked ChatGPT to write a press release from the Trump campaign announcing a hypothetical endorsement of the former president by his current Republican rival, Nikki Haley, within seconds the bot delivered a serviceable first draft that accurately captured the format of a press release and made up believable, if generic, quotes from Trump and Haley. But it omitted key background information that any junior-level staffer would have known to include—that Haley was the governor of South Carolina, for example, and then served as Trump’s ambassador to the United Nations.

    Still, anyone confident enough to predict AI’s impact on an election nearly a year and a half away is making a risky bet. ChatGPT didn’t even exist six months ago. Uncertainty pervaded my conversations with the technology’s boosters and skeptics alike. Pennington told me to take everything he said about AI, both its promise and its peril, “with a grain of salt” because he could be proved wrong. “I think some people are overhyping it. I think some people are not thinking about it who should be,” Hoover said. “There’s a really wide spectrum because all of this is just evolving so much day to day.”

    That constant and rapid evolution is what sets AI apart from other technologies that have been touted as democratic disrupters. “This is one of the few technologies in the history of planet Earth that is continuously and exponentially bettering itself,” Kurucz, Sterling’s founder, said. Of all the predictions I heard about AI’s impact on campaigns, his were the most assured. (Because AI forms the basis of his sales pitch to clients, perhaps his prognostication, too, should be taken with a grain of salt.) Although he was unsure exactly how fast AI could transform campaigns, he was certain it would.

    “You no longer need average people and average consultants and average anything,” Kurucz said. “Because AI can do average.” He compared the skeptics in his field to executives at Blockbuster who passed on the chance to buy Netflix before the start-up eventually destroyed the video-rental giant. “The old guard,” Kurucz concluded, “is just not ready to be replaced.”

    Hoover offered no such bravado, but she said Democrats in particular shouldn’t let their fears of AI stop them from trying to harness its potential. “The genie is out of the bottle,” she said. “We have a choice, then, as campaigners: to take the good from it and allow it to make our work better and more effective, or to hide under a rock and pretend it’s not here, because we’re afraid of it.”

    “I don’t think we can afford to do the latter,” she added.

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    Russell Berman

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  • The Shortage of Tech Workers Can Be Solved By Hiring From This Region | Entrepreneur

    The Shortage of Tech Workers Can Be Solved By Hiring From This Region | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    A peak in the tech job market is coming. The migration and technological adoption that almost all the US industrial sectors undertook due to the pandemic has overstretched the available STEM talent pool in the United States. Tech workers’ wages have skyrocketed for some time due to the labor shortage.

    A close, competitive, and viable ally

    Reports and articles abound confirming growth in demand for STEM jobs linked to the industrial digitization goals of US companies. According to the U.S. Bureau of Labor Statistics, occupations such as Data Scientists, Information Security Analysts, Statisticians, or Web Developers are among the five fastest-growing jobs for the next decade (2021-2031). But domestic talent is not sufficiently available, and employing foreign workers can generate a significant administrative burden for companies. So, hiring engineers and data scientists based in Latin America can be a much simpler, more viable and more profitable alternative than importing talent from other parts of the world.

    First, the geographical factor is important since Latin American countries have time zones similar to the US, which can improve the coordination of work teams. Also, Latino engineers who graduated from regional STEM faculties are of top-notch quality. According to the 2022 QS World University Ranking list, the University of Chile, the Pontificia Universidad Católica de Chile, the UNAM in Mexico, and the University of São Paulo in Brazil are all producing high-caliber talent.

    Although there is no accurate census, according to data consulted from Brazil, Mexico, Chile, Argentina, and Colombia, an estimated 165,000 to 220,000 engineers graduate annually from these universities.

    Related: Why Entrepreneurs Are Looking Towards Latin America for Nearshoring Opportunities

    How to access that talent?

    The impact of COVID-19 in all industrial sectors revealed opportunities in the labor dynamics of which teleworking is here to stay—85% of IT divisions consulted by Deloitte plan to be hybrid or fully remote. However, 82% of US companies could not complete digital transformation projects in the past year due to a lack of resources and skills.

    The pandemic positively impacted the modernization of remote contracting and payroll administration platforms. Although there are specificities for different countries, there are generally three viable options for hiring remote talent: As an independent contractor, through a local employer (EOR), or via opening a company subsidiary in a specific country.

    Some platforms specialized in accelerating these processes are strategically located in Mexico, Brazil, Argentina, or Peru, such as Skills.tech, Revel or Baires. Those companies and others offer candidate filtering services, skills verification, team management, recruitment laboratories and continued talent education, among other features.

    Related: 4 Tips for Hiring Employees No Matter Where They’re Located

    Two potential drawbacks

    Firstly, companies seeking to outsource talent (of any kind) should include Diversity, Equity, and Inclusion (DEI) policies in their work culture. This concept is critical because Latino workers might quickly leave their employers if they do not feel represented or included. This often happens regardless of the team they work with or the professional challenges they face.

    Another factor to consider is language. Latin America is not particularly known for having the best English literacy in the world. According to the English Proficiency Index de EF (EPI), only Argentina is listed as having at least a “high” English proficiency among Latin American countries.

    The good news is that there is a direct correlation between work experience and the level of English. Better yet, the same EPI recognizes that, as a result of the pandemic, English in Latin America seems to have improved exponentially compared to the rest of the world. The scores show an increase of 16 points compared to the average increase of 3 points for the rest of the world.

    Related: Interested in Starting a Business Overseas? Keep These 5 Things in Mind

    Conclusion

    Having the most qualified people is key to competitiveness and growth for most businesses. Hence, US companies have been competing to attract and retain IT professionals. The current demand and shortage of professionals pose a unique and timely opportunity for Latin America, and several startups are starting to capitalize on this opportunity.

    While directly hiring foreign workers is an option for some companies, leveraging remote talent via service providers can present a simpler and more profitable alternative. The time zones of the USA are similar to those of Latin American countries, and the population of engineers is motivated and well-educated.

    With special attention to remote and DEI policies, Latin American talent can provide an unparalleled competitive advantage for US companies seeking tech workers.

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    Roland Polzin

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  • How to Future-Proof Your Tech Career

    How to Future-Proof Your Tech Career

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    Opinions expressed by Entrepreneur contributors are their own.

    One of the most significant shifts we are witnessing is the disruption caused by evolving technologies, such as Artificial Intelligence (AI) and blockchain. While they are still far from being perfectly refined, we are already seeing more significant use of AI and blockchain-based innovations across industries.

    Add to this the cyclical nature of the economy — the current downturn and the inevitable headcount reductions — that are making many tech professionals, not unlike myself, wonder what their career in tech will look like five to ten years from now.

    Seeing disruptive technologies

    There will inevitably be a move towards simple tasks automation in user interface (UI) and user experience (UX) development and design. Neural networks trained on huge data sets are set to significantly speed up and simplify the work of engineers and even replace some of those engineers to some extent.

    To stay in demand, I believe it is becoming essential for tech professionals to expand their horizons, including by deepening their knowledge of higher mathematics to help improve their skill set for solving complex architectural and scaling problems. Being able to come up with creative solutions and solve tasks in unorthodox ways is already important, but the trend toward valuing out-of-the-box thinking will only intensify going forward, in my view.

    The most in-demand skills in 2020, for example, were cloud computing, artificial intelligence, analytical reasoning, people management, and UX design, according to research by LinkedIn. These skills are expected to remain highly sought after as technology advances and organizations look to leverage innovation to drive growth.

    However, It’s not enough to simply possess these competencies because your skills and knowledge must be continuously updated to keep pace with the ever-evolving technology landscape.

    Learning new tricks

    To stay ahead of the curve, tech professionals must be proactive in their own continuous learning and professional development.

    For example, platforms such as Coursera, Udemy and Codecademy offer a wide variety of courses, ranging from beginner to advanced level, that can help tech professionals brush up on the latest technologies and best practices. Additionally, attending industry events and networking with peers can provide valuable insights into the latest trends and developments in the field.

    Learning doesn’t have to be formal or certificate-based. The most important thing is for a person to have a thirst for knowledge, a desire and the drive to want to become a better version of themselves every day, and a good grasp of advanced mathematics and similar STEM disciplines as a strong foundation for continuing to build future skills.

    Vetting soft skills

    Regarding future-proofing your career in tech, I would stress that soft skills are nearly as important as hard skills or technical knowledge and abilities specific to your field. Soft skills refer to the personal attributes and qualities important for working effectively with others. These include communication, problem-solving, and leadership — all are key for future career advancement.

    When interviewing candidates for positions at FunCorp, a developer of entertainment tech products, including apps for meme lovers, certain soft skills are the key to success. We look for people who enjoy creating and are not solely focused on completing the tasks set for them. We also want the type of person focused on ongoing personal development with the passion and drive to continue learning and evolving. This type of person will make sure to continue learning to make up for any gap in the hard skills they may possess.

    Staying motivated

    Striving to be a professional committed to ongoing personal development can go a long way. Motivating yourself to keep learning and upgrading your tech expertise can also be challenging. Luckily, several strategies can help.

    Setting specific and measurable goals for yourself is a great way to stay focused and remain on track. For example, you could set a goal to complete a certain course or certification by a certain date, or aim to attend a certain number of industry events every year. Breaking larger goals into smaller, more manageable tasks can also make them less daunting.

    Another effective strategy is to find a community of like-minded individuals motivated to learn and grow. Sharing progress and setbacks with them can provide a sense of accountability and motivation. Reward yourself for completing tasks or reaching milestones. Continuously remind yourself of the benefits of learning and upgrading your tech skills, such as increased job opportunities or higher pay. Setting yourself up for a brighter professional future should be a great incentive!

    It’s also important to find the right learning methods that work for you, such as taking online courses, attending workshops or regularly participating in online forums relevant to your specialization. Keeping yourself updated with the latest trends and what’s happening in the industry can help you to stay motivated and engaged. But it’s also essential to take a break if you feel burnout and revisit your goals with a fresh perspective from time to time.

    After all, nothing is set in stone when it comes to thinking about and planning for the future beyond 2023. Despite the recent turbulence, I believe the tech sector is still the place to be. In fact, according to the U.S. Bureau of Labor Statistics, employment in computer and information technology occupations is projected to grow 11% from 2019 to 2029, much faster than the average for all other occupations. So the demand will continue to be there as long as your technical and soft skills stay current and well-aligned with ongoing technological advancements.

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    Denis Litvinov

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  • Blockchain Technology: Overhyped or Underused?

    Blockchain Technology: Overhyped or Underused?

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    Opinions expressed by Entrepreneur contributors are their own.

    With the recent collapse of FTX, investors now worry about the future of cryptocurrency. While some blame the technology, we should remember that people are corruptible, not blockchain. The ledger-based technology making cryptocurrency possible is as much a breakthrough today as it was yesterday. Unfortunately, crashes like FTX play into fears that blockchain is more hype than breakthrough. Will blockchain once and for all prove not very useful in the enterprise?

    When blockchain technology spawned a new way of thinking about money and creating wealth, many in the enterprise IT space began thinking about using blockchain technology to streamline business processes. For example, the global supply chain is still not working as well as it could. More than a decade later, enterprise adoption of blockchain technology is crawling at best and stalled across the board in many of the world’s largest companies.

    Blockchain is an emerging technology, meaning its full potential and practical uses are still evolving. This creates hype as visionaries dream about using the technology to its full potential, usually long before everyone else sees its usefulness. This is the downside of emergent technology, as hype often masks reality.

    Related: The Blockchain Is Everywhere: Here’s How to Understand It

    Remember the cloud?

    When cloud computing first came out, it was an emerging technology. Software developers scrambled to develop SaaS applications where people bought a software service instead of installing the software on each workstation. Two decades later, the endpoint for the evolution of cloud computing revealed itself to no fanfare. Cloud computing is behind the scenes and responsible for billions of data exchanges daily.

    Everyone takes the cloud for granted today. But go back 20 years, and the same hype drove similar conversations about cloud computing. Indeed, go back half a century, and you will find hype about using computers in the enterprise. There was even excitement about driving cars instead of horses. The point is that the hype is part of the adoption process that all emergent technology must go through to become behind-the-scenes technology.

    Facts behind the hype

    Blockchain technology and the movement of digital information across disparate locations are not exaggerated. Human civilization needs blockchain because it protects the process of moving digital data from one place to another in a physical realm people cannot see. Once a Bitcoin gets transferred, the record of that transfer does not change.

    What can change is the cybersecurity surrounding the transfer. Because software is a product of human creation, bugs will pop up from using the technology. Our society deals with this regularly. Consequently, there will be bugs; that is a fact.

    Another crucial point is that blockchain technology must use other technology with no attached hype — for example, securing cloud computing SaaS applications using Wi-Fi. If every other part of the information exchange is secure, working out the bugs is a process of elimination.

    Related: How Blockchain and Cryptocurrency Can Revolutionize Businesses

    Trailblazer vs. trail follower

    Although some technologists perceive blockchain as overhyped, what does that mean, and what should the enterprise do about it? Hype in the tech sphere is a cultural phenomenon driven by followers waiting for someone else to lead. Everyone knows blockchain is the future, but only some want to be trailblazers. Unfortunately, it does not help when a trailblazer fails. Enterprise leaders get worried and pull back.

    Provocatively, it collapses like FTX, which works to legitimize hype for emergent technology. Spectacular collapses tend to spur serious progress into making the technology live up to its hype. For the enterprise, the hype centers on supply chains as the world seeks a better way to manage global shipping.

    Making blockchain work for the enterprise

    Walmart and other large retail businesses need blockchain technology or something like it, which is driving much of the hype. The global supply chain is not functioning as it could, so the enterprise needs blockchain much like the healthcare industry needs caregivers because of a worker shortage. In this light, overhype is a motivator for taking action or getting in line and waiting for the trailblazer.

    The enterprise’s decision-makers need motivational buy-in from software engineers with a trailblazer mindset. Moreover, the software applications must be heavily backed by robust security specifically designed to manage the movement of digital information from one point to another.

    Related: How Blockchain Can Make A Positive Impact On Global Issues

    Incremental change

    Enterprise adoption of blockchain is slow but not unexpected. Our modern society wants everything right now. If the digital revolution taught us anything, change is incremental. The best way to get comfortable using blockchain comes from using it in small test programs. Once these smaller programs work as a system, scale the operations together, then work the bugs out from there.

    Patience and hype need to get along better. However, trailblazers in the tech sphere must be patient or risk being victims of hype. Focus on small steps representing steps forward — for example, using an extensive global supply chain with only a tiny part controlled by blockchain. Once the blockchain-supported supply chain section runs without bugs, please step back and understand how it fits into the bigger supply chain. The process and setup systems needed for incremental change do not pay attention to hype.

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    Steve Taplin

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  • After food delivery and education, Amazon to shut distribution services in India

    After food delivery and education, Amazon to shut distribution services in India

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    Tech and e-commerce giant Amazon has decided to shut its distribution services in India after closing its food delivery and education service, Business Today has learnt.

    The company plans to focus on its core business and is cutting back on other verticals. A source told Business Today, “This step was taken in light of the economic slowdown, the company will focus more on core businesses now on.”

    Amazon Distribution operates mainly in Bengaluru, Hubli, and Mysore and employs roughly 50 people. The distribution unit sources fast moving consumer goods from companies and distributes them to retailers. 

    Business Today has reached out to Amazon for a comment on the development. The copy will be updated when the company responds.

    Amazon India decided to shut its food delivery service, Amazon Food, on Friday, as a part of its annual operating planning review process.

    The tech behemoth also pulled the plug on its ed-tech service, Amazon Academy, last week. Amazon Academy was launched by the company during the COVID-19 lockdown when ed-tech companies like BYJU’s, Unacademy, Vedantu, and others witnessed a boom.

    The company was summoned by the Labour Ministry last week for a hearing regarding its Voluntary Separation Program, a plan under which Indian employees were urged to exit from the company in lieu of certain monetary benefits.

    The deputy chief commissioner at the Labour Ministry, A Anjanappa, summoned Amazon’s senior public policy manager, Smitha Sharma, along with the employee association NITES for a hearing.

    In the hearing, the company claimed that the exits by employees were voluntary and no undue pressure was put on employees to resign. Employee representatives could not attend the hearing and requested a postponement. Business Today has learnt that the meeting will reconvene in two to three weeks’ time.

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