The Internet of Things (IoT) promises to bring revolutionary changes to a number of industries, including healthcare industry. The technology has already impacted the industry in significant ways and experts are working to turn more possibilities into reality. So far Internet of Things has mainly assisted in improving care with telemonitoring and remote monitoring applications. Additionally, some initiatives have also been taken in the field of tracking and maintenance of healthcare assets. However, this could be considered just the beginning and to make the use of IoT omnipresent in the healthcare industry more efforts are required. Researchers are working on more advanced approaches to use IoT for digital transformation of healthcare. Take a look at how IoT can make significant impacts on the healthcare industry:
Effective communication is important in every aspect of life and it is especially crucial in business. Be it a start up or an established organization, good communication skills are must to succeed. However, it’s important to understand what type of communication skill is required for which situation. Regardless of the industry, effective interactions drive the business towards success, for which you must have the right skills and expertise. Every member of an organization must be able to express his or her ideas, opinions or recommendations to the co-workers as well as to the people collaborating with the organization for business. And, being a successful professional means mastering multiple types of business communication.
Employees always expect feedback for their performances and as a manager or leader it’s your responsibility to provide them with effective feedback. Be it an individual employee or a team, feedback plays a crucial role in motivating and engaging your workforce. Letting your employees know how well they are doing or where they need improvement can go a long way in building an efficient workforce. However, feedbacks can sometimes have negative impact and not all managers know the technique of providing effective feedback that can truly help employees develop. Here are some important tips to make your feedback effective.
Workplace diversity is becoming more and more common today as organizations are focusing on hiring top talents irrespective of age, ethnicity, race or geography. It has also been found to be the reason of high productivity and success in an organization. Diverse employee base brings different experiences, perspectives and skills to the organization which, in turn, brings innovation and creativity to work. However, workplace diversity also brings in some unique challenges which, if not handled properly, can lead to major organizational issues. Different views and outlooks can, sometimes, result in conflicts and chaos. Therefore, to take the maximum advantage of workplace diversity and minimize its shortcomings, it’s important for organizations to adopt a strategic approach to handling employees.
Research suggests that the number of people stressed at work is getting higher with passing time. CDC’s National Institute of Occupational Safety and Health has recently reported that about 29 to 40 percent of Americans are “extremely stressed at work”. However, be it any industry or any job profile stress management has become a common issue. And, it has a significant impact on health and may lead to a range of disorders, some of which could be serious. Also, it can interfere with your work efficiency and productivity. There are a number of reasons which lead to stress at work like customer pressure, co-worker relations, work environment and others. No matter what your ambitions or working conditions are, it’s important to understand the source of your stress at work and to deal with it in the right manner to live a healthy professional as well as personal life.
The world of technology is evolving at a fast pace and over the last decade many new technologies have emerged and strengthened their position in the cryptocurrency market. However, along with new and innovative technologies, the industries are also encountering new challenges before they can reap the benefits which these technologies promise. One of the best examples of this is cryptocurrency which promises to bring innovation to diverse fields. Cryptocurrencies such as Ethereum and Bitcoin have, in a short span of time, gained much popularity and people are trying to explore the technologies more. The influx of people into this market is so high that the cryptocurrency exchanges periodically disable the account creation feature. The average trading volume of the market, on daily basis, has been estimated to be trillions of dollars.
Undoubtedly, big data analytics has the potential to revolutionize the healthcare industry but it also comes with its own unique challenges. The industry is still coping with collecting large amounts of data, converting them into electronic health records (EHR) and deducing meaningful insights from them. Integrating these data-driven insights into operational procedures can help healthcare organizations reap great many benefits. Advantages of big data analytics include higher patient and staff satisfaction rates, lower costs, healthier patients and many more. However, achieving this isn’t as easy as it sounds. Big data analytics is a complex process that requires collection, sorting, analyzing and presentation of data and all of this must be in compliance with the regulations. Let’s have a look at the top challenges which the healthcare organizations face while implementing an effective big data analytics program.
Employee wellness program is a growing trend these days. Organizations are realizing the fact that healthy employees are more efficient and productive and, thus, designing an effective employee wellness program is essential. However, even if the organizations are aiming the right thing, not many have the right knowledge and experience to implement a successful program. Often the employee wellness programs look good on paper – organized, streamlined and calculated – but not all succeed practically. Switching to a healthy lifestyle isn’t easy and employees often do not consider such ideas of change. For an employer it’s a challenging task to truly influence the lifestyle and behavior of employees in a way that it changes them for good.
As the businesses are growing more and more quality and cost conscious, they are inclining more towards a strategic procedure called outsourcing. Outsourcing is basically the practice of contracting with another business for handling certain business tasks instead of hiring an employee in the workplace. Outsourcing, when done correctly, helps businesses save money, maintain their competitive edge and grow. The practice is very common in small businesses which routinely outsource their payroll procedures. However, many organizations do not actually understand all the benefits of outsourcing. It does save money but that’s not the only great part of it. Let’s have a look at the benefits of outsourcing in business:
A number of business owners make the terrible mistake of thinking that petty cash is insignificant and doesn’t need much of management. Petty cash is the small amount of cash that is spent on small company expenses like daily coffee runs, staff birthday celebrations, postage costs etc. However, just because petty cash doesn’t constitute a huge amount of money, doesn’t mean that it’s not important to track and manage it. All the little company expenses add up to make a pretty good amount. And, when properly managed, petty cash helps you keep an accurate record of all the finances of your company.