Day: June 16, 2020

Responsible AI is even more essential during a crisis

As governments, businesses and organizations, and workers figure out how to operate in the new normal brought on by COVID-19, technology, big data, and artificial intelligence are playing an important role. Some governments are deploying contact-tracing technologies, including app-based tracking and facial recognition, to identify those who may be at risk of infection and to keep others at a distance. To increase workplace safety and create a sense of security among staff, many organizations may follow the lead of those governments and launch contact-tracing capabilities in the office. Technologies that protect workplace safety will be instrumental in helping employees feel secure enough to go back to the office — and back to a semblance of normalcy. According to PwC’s CFO Pulse, 41 percent of surveyed chief financial officers consider the pandemic’s effects on their workforce to be a top-three concern.

But even when adopted with the best

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To lead in a changed world, make yourself essential

We live in an age of essentials. People are only buying goods they deem to be essential. For months, only businesses deemed essential were permitted to operate. Only essential employees were allowed to leave their homes to do their jobs.

It’s clear that what consumers regard as essential has shifted in the blink of an eye. Just two years ago, 82 percent of U.S. consumers said they wanted more human interaction, not less. Reading that statement now will probably make you cringe (or even laugh). Of course, people still crave a sense of humanity and realness in their experiences — it’s just that they know that their lives can go on without this, at least for a while. And it’s not just rates of in-person interaction that have seen a change. The U.S. savings rate, according to the U.S. Bureau of Economic AnalysisPDF, soared to a stunning

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Free Webinar | June 24: Nailing Your Competitive Advantage

Join us as we discuss different ways that founders can bring something new to the table and how to pivot existing ideas and concepts in the new normal.

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Opinions expressed by Entrepreneur contributors are their own.

Got a great business idea? Join Rich Vogel, Founding Partner of venture firm, who’ll discuss the importance of nailing your competitive advantage to build a successful new business. Rich will discuss different ways that founders can bring something new to the table, whatever the idea—and how to pivot existing ideas and concepts in the new normal.

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