Regulatory Technology, more commonly known as RegTech, is defined as the use of new technologies for helping financial institutions effectively meet regulatory requirements of reporting, monitoring, compliance and risk management. RegTechs is often confused with FinTech but the latter is defined as using technology for delivering financial solutions. Unlike FinTech, RegTechs focuses more on rethinking the way finance and regulation work. RegTechs provides cost effective solutions to financial firms for meeting regulatory requirements through automation and digitization.
Mobile medical app serve both patients and physicians in dealing with various health conditions. Be it for monitoring chronic diseases or for informing about care decisions, the marketplace for medical apps is encountering a steep rise in demand. Also, the developers are introducing innovative technologies in the apps to help increase healthcare efficiency. According to the reports of the U.S. Food and Drug Administration (FDA) about 1.7 billion smartphone and tablet users are using medical apps in 2018. Surveys also suggest that majority of the users are of the opinion that medical apps improve the quality of life, and this implies that the usage will increase in future. However, with increasing usage, the security concerns are also rising as it is crucial to maintain the privacy and safety of health information. Let’s take a look at the best practices that should be kept in mind while developing mobile medical apps.
Business networking can be fun and profitable at the same time. Networking is always an essential requisite of reaching business goals, be it any kind of business. And, in this internet driven world where every business needs an online presence to succeed, business networking has become even easier and beneficial. Business networking is defined as establishing mutually beneficial relationship with other business entities as well as potential clients and customers. It is an incredibly good means of reaching more clients, increasing knowledge and enhancing profits. The stronger the network the more sustainable is the business. Building a successful business requires a lot of time and effort and having a good network of associates and friends can pave the way for you. To move forward in business, it’s critical to surround yourself with people having similar ambitions and drive.
Today’s workforce is composed of four generations and each generation has its unique characteristics. Each of them, namely Baby Boomers, Gen X, Gen Y and Gen Z, brings exclusive strengths to work but their different working styles and philosophies can often lead to conflicts. As much as this multigenerational workforce is adding value to work, there is also a growing challenge for human resources managers in terms of managing the coordination and collaboration among different generations. Millennials or Gen Y is increasingly assuming management and leadership roles which further fuels workplace disruptions. Each generation has been shaped by different societal and economic conditions and has different life experiences. A smart manager views this as a unique opportunity to enhance productivity. Managing widely different viewpoints and focusing on the bottom line isn’t an easy task and may lead to workplace tensions and friction among employees. Here are a few tips and strategies that can help managers manage the multigenerational workforce efficiently:
Small businesses face a number of challenges among which finance management definitely tops the list. Financial decisions must be exercised with utmost caution, right from the beginning, as small businesses operate on limited financial resources. Establishing a successful business requires a lot more than just a good business idea. For generating profits and staying credible in the industry, entrepreneurs need to excel in finance management. If your small business is struggling with managing the finance, you just need to rehash your strategies and modify your operations a little to improve your finances.
Data analytics in Healthcare can prove to be a boon for hospitals and health systems, if used the right way. In addition to focusing on facts, understanding the analytics discoveries can benefit healthcare institutions greatly by improving the management and quality of care. In the process of providing healthcare, institutions collect and store a large amount of patient data that includesinformation of admission, diagnosis, treatment and discharge. Analyzing such data can lead to improved care. Big data is taking every industry by storm and healthcare is no exception. Although a number of organizations have already begun making use of the big data, others need to implement the right infrastructure to generate useful insights. Let’s have a look at how the healthcare organizations can turn big data into strategic assets to deal more effectively with the ongoing challenges, improve operational efficiency and increase profitability.
One of the prime factors that drive a business towards success is great customer service.No matter how great your product is or how talented employees you have in your organization, if your customer service isn’t good, your business won’t thrive. It isn’t very easy to provide awesome customer services and it requires skills and well thought strategies. Research suggests that if people receive good customer service they tell 2 or 3 people but if it’s bad they tell 10 to 12 people. In this scenario where recommendations and word of mouth hold such great value, it’s extremely important to be consistent in delivering great customer services. Even if you have been recognized as an excellent organization in terms of customer services, you need to constantly upgrade and refresh your skills to keep your customers consistently satisfied. Your customer service team is the face of your company and their skills determine the experience of your customers.
Workplace negativity can have a very damaging impact on your organization. It deters employee morale and affects the energy of your workforce, resulting in poor performance. And, the most worrisome part is that it spreads like a wildfire and can engulf your whole organization before you know. Workplace negativity can arise from a number of factors including outlook, attitude, gossip about an employee or any event or decision leading to disappointment. Fortunately there are effective ways to deal with workplace negativity. Human resource professionals have a better understanding about the reasons behind workplace negativity as they are constantly interacting with the employees, hearing out their complaints and grievances, and conducting exit interviews. Thus, their active role in figuring out the root cause and taking appropriate steps to neutralize the work environment can be extremely helpful for organizations.