The EU’s GDPR and Privacy Policy Changes

In the last few weeks, many companies have been sending out emails with the following message: “We’ve updated our privacy policy.”

The reason for the abundance of such messages is the General Data Protection Regulation, also known as the GDPR. In 2016, the European Union enacted the GDPR, a sweeping data-protection law, but the EU included a two-year grace period for companies to reach compliance. Now, two years later on May 25, 2018 the EU has begun to enforce their privacy law.

What does the GDPR actually do? The GDPR is forcing companies—everybody from multinationals to small restaurants—to list how they gather and process personal data and to give individuals new or expanded rights to their data. For example, companies need to delete data as soon as it is no longer needed, and individuals will have the right to see, correct, or delete personal information about themselves. What are the consequences of not complying with the GDPR? Companies will lose 4% of their global revenue or $23.4 million, whichever is larger. While the GDPR is exclusive to the EU, because any data that involve individuals in the EU is supposed to be protected, even companies that are not located in Europe have opted to make global changes to their privacy policies.

Even with the two-year grace period, many companies have struggled to reach full compliance by May 25. According to a Capgemini SE survey of 1,000 businesses in March and April, only half of businesses said they were even “largely compliant” at that time; new surveys also suggest 60-85% of companies did not expect to be compliant by May 25. Similarly, companies have been citing heavy expenditures to make the deadline.

Privacy advocates have given the GDPR widespread approval; at the same time, others are wary of what seems like excessive regulation. The law has certainly inspired new discussion about privacy and data, but as to whether it will inspire other countries to enact similar changes is unknown.

Sources:

https://www.wsj.com/articles/5-questions-about-what-to-expect-when-gdpr-takes-effect-1527154200

https://www.wsj.com/articles/gdpr-has-companies-big-and-small-racing-to-comply-1527154200?mod=article_inline

Memorial Day: Remember And Honor

Memorial Day marks not only the beginning of summer but also a solemn day of remembrance for all veterans who have died serving in the American armed force. The holiday was originally known as Decoration Day and started after the civil war to honor the union and confederate dead. On the first Decoration Day, General James Garfield gave a speech in Arlington National Cemetery to over 5,000 participants; they decorated the graves of the 20,000 Union and Confederate soldiers buried there. It is unclear where exactly this tradition originated; numerous different communities may have independently initiated the memorial gatherings. Nevertheless, in 1966 the federal government declared Waterloo, New York, the official birthplace of Memorial Day. Waterloo, which first celebrated the day on May 5, 1866, was chosen because it hosted an annual, community-wide event, during which businesses closed and residents decorated the graves of soldiers with flowers and flags.

The event in Charleston that also may have precipitated the holiday offers poignant evidence of a country struggling to rebuild itself after a bloody war and were buried in unmarked graves, and the town’s black residents organized a May Day ceremony in which they landscaped a burial ground to properly honor the soldiers. In the years following the war, celebrations were sparse and few, the north and the south celebrating in distinctly different ways. Memorial Day gained its name and national identity in 1967, decades after the civil war However, it wasn’t until a year later, 1968, that congress passed the uniform holiday act cementing Memorial Days place in the calendar, making it the last Monday in May rather than May 30. Authenticating Memorial Day when the change finally went into effect in 1971. Now a days we celebrate Memorial Day on the beach or in a lawn chair, but its history comes from a much deeper, profound meaningful celebration.

Source:

https://www.history.com/topics/holidays/memorial-day-history/pictures/memorial-day/birthplace-of-memorial-day

http://time.com/3892630/why-do-we-celebrate-memorial-day/

More Jobs, More Money, Less Unemployment

Ever since the beginning of 2018, the US economy has been on a steady up surge with regards to both employment, and earnings. In the month of April, however even though trade tensions are predominant, and the financial markets are volatile; business have been able to boost job openings to 200,000 jobs according to the ADP Research Institute. This drastic increase signals that the job market is not only remaining strong, but also shows a very bright and prosperous future for the next several months, or even years.

In addition, to the creation of the 200,000 jobs in the month of April; payrolls according to the ADP Research Institute ‘Rose by $204k, and payrolls in goods-producing industries increased by $44k’. Having both the increase in jobs, and payrolls indicate a positive sign for the future of the US economy, and as a result the unemployment rate according to the Labor Department is expected to “continue to decline”. This increase in demand for labor is seen in almost all industries, such as construction, professional services and healthcare. Being more specific it was projected that “hiring in construction climbed by 27,000”, “Professional and business services boosted their workforce by 58,000”, and “health services added 35,000 workers”.

Both the rise in job creation, and payrolls provide great optimism for the US economy in the short, and long term. As stated due to the high demand in the labor market, more and more people will begin to climb out of poverty, and unemployment and provide for themselves. As a result, this will then further increase the growth in more industries, small businesses, and large businesses. If the status quo is maintained, we can expect the further growth of more markets for the next several months in both payrolls and job creation.

 

Source: https://www.washingtonpost.com/business/on-small-business/payroll-gains-in-us-exceed-200000-for-fifth-month-adp-says/2018/05/02/f51d0af0-4e0a-11e8-85c1-9326c4511033_story.html?utm_term=.18eda196e37

How Companies Are Using AI for Marketing Strategy

Artificial intelligence has made it easy and perspective for companies to survive and excel in international competition by keeping up with the latest technology. AI refers to the social science of making computers work like how humans do. With the use of AI, a number of areas in the digital marketing industry have advanced and have continued to excel further. Natural language processing is a branch of AI that enables computer programs to comprehend, process and formulate the responses to human language in the same way it is spoken. With the increasing use of machine learning, natural language processing technologies are being used for multiple work like data examination and improvement in human-computer interaction.

Using AI for multiple business processes can actually lead the business to another level in terms of goals achievement. It has helped in the improvement of developing a deep understanding of marketing and helping brands to increase customer service quality. AI systems constantly work in the background of the products and services like Netflix, Amazon, Google. Companies run a pay-per-click campaign as a marketing strategy for their business and employees work for that. However, human efforts for the same can be minimized by using AI system. AI can also help to discover advertising channels that may not be used by the competitor company.

We all know that we can create rule sets and formats for profit and loss summaries, quarterly business reports, stock market reports and such others. By inclusion of AI system. A company can design a narration or summary in real time. One can set up writing styles and formats for the same. Hence, those summaries can be personalized as per your business need.

Another interesting benefit of using AI system is for sending emails. Emails are an important part of day to day work for marketing in all kinds of businesses and one needs to send a personalized email for every customer according to their interests to maintain a good relationship with them. With the use of AI system, one can send personalized emails based on the business requirements. The system basically maps the previous website interactions, time spent by subscribers on one page, subscriber’s wish list, interactions with different kind of visitors. In a way, it helps to send a curated email to every single customer by analyzing customer’s reading patterns. This is a huge time and energy saving benefit by using AI tool to get information about each customer rather than doing it manually.

Artificial intelligence powered tools can also help to gather a large volume of data, build a predictive model, test and validate the model. This kind of a tool can be very much useful for predicting large volumes, for example, stock market data. Analytical summary based on AP powered tool can be used to make business decisions profitably.

marketing ai

If you have recently used google photos, you may have noticed that Google search engine recognizes people and images in a fraction of time. From a marketer’s standpoint, image recognition means a better connection of online content and store visits. Many stores use facial recognition software to trace customers and their visits. This can be helpful to make an analysis of customer’s number of visits and their buying preferences. We can say that AI-powered tools enable marketers to improve customer relationships in a great way.

Source: https://sigilbrand.com/blog/ai-now-how-companies-are-using-ai-in-marketing/

Highest In 17 Years – Share of U.S. Small Business Raising Pay Picked in April 2018

As mentioned in previous article “Best Time for Small Business”, small businesses are having a hard time finding skilled workers. As a result of low supply and high demand, pay packages offered by small business owners are going more and more aggressive.

According to the statistics provided by National Federation of Independent Business, job opening experienced a significant increase of 35% this season. Actual Compensation rate raised 33% accordingly in response to the tight job market, which reached the highest share since November 2000.

“Small businesses are telling us that they’re optimistic, hiring, and willing to raise wages to find the right employees for their businesses,” said NFIB President and CEO Juanita Duggan.

In response to the 53% job openings this year, up to 30% of small businesses reported that they are planning on keep increasing their payrolls in order to attract the most qualified workers.

Source: https://www.nfib.com/foundations/research-center/monthly-reports/jobs-report/

Small Businesses: The Heart of the US Economy

As of the end of 2017, to the beginning of 2018, the US economy has been steadily increasing, and breaking records almost every month. As of March 2018, a new record had been broken dealing with one of the most important factors in determining the stability of the U.S economy. It was recorded that, “ one-third of small business raised compensations in March”, which was the largest pay increasing since November 2000.

This is largely due to the fact that the job markets are becoming more and more competitive, therefore according to most small firms “they feel optimistic, hiring and willing to raise wages to find the right employees for the businesses”. This optimism directly translates to a boon in the overall U.S economy, since the majority of business in the United States are considered small business. Having one-third of small business “feeling optimistic” about hiring new employees, while also increasing wages provides a direct stimulus to the U.S markets, and in general a much more confidence in the US economy for future employees, and investors.

Small business in the United States provides the most effect on the U.S economy, due to the fact that they contribute to local economies by bringing growth and innovation to small communities all over the country. Having small business declare that they are willing to increase wages in order to bring aboard more employees, helps small communities by providing employment to people who may not be employable to larger corporations. This then results in a much lower unemployment rate, and a much more prosperity all over the nation.

Best Time for Small Business

With the rapid growth of economy and significant tax cut recently, U.S. Small-Business Optimism Index reached its highest level since 1983, according to National Federation of Independent Business.

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All the index components except Plans to Increase Employment increased or maintained the same as February, while Expect Real Sales has the highest increase rate at 3%. This historically high index shows that new policies, including tax cut and fewer regulation, have started their impacts on small business.

However, companies report that their biggest challenge is to find skilled labor. 34% of job openings, majorly in construction and manufacturing industries, are unable to fill. As a result, the number of temporary workers peaked since November 2016.

The History about Black History Month

Early in the 19th century, after the Emancipation Proclamation, and the 13th Amendment took place the 19first steps to commemorating black history began. The history behind the creation of black history goes farther back than that of the most known African American who pioneered the Civil Rights Movement. Black history month began in the early 20th century, 1915 to be specific by a “Harvard historian named Carter G. Woodson and prominent minister Jesse E. Moorland. This was originally an event which was supposed to take place the second week of “February to coincide with the birthdays of both Abraham Lincoln and Fredrick Douglass”. During this week of February, the event caught the attention of several schools and communities all over the nation, which made people organize and host several different activities, such as history clubs, performances, and lectures.

Black history month after it gained nationwide recognition among local schools and communities, it began gaining recognition among local and state governments all over the country. This was mainly due to the fact that several decades after Black History was implemented, the Civil Rights movement began to take place in the United States around the mid 1950’s. This movement caused the Black History Week to evolve from just one week in February to the whole the entire month in order to commemorate, and push the awareness of the accomplishments that black people have done throughout the century after the Emancipation Proclamation.

By the end of the Civil Rights movement in 1968, Black History Month was being celebrated every year by campuses and local throughout the country. However, it wasn’t until 1976 that Republican President Gerald “officially recognized Black History Month” on a Federal level. Gerald Ford stated that public should ‘seize the opportunity to honor the too-often neglected accomplishments of black Americans in every area of endeavor throughout our history’.

In 2018, even though it has been almost a century since the creation Black History; the ideals and values of why we celebrate such a momentous event rests in every American in the United States.

 

Author: Angel Veloz, Sabre88 LLC

Editor’s note: Original Sources


Source: http://www.history.com/topics/black-history/black-history-month

The 2018 Discretionary Budget, and what it will mean

With regard to the public sector many budget items have been maintained as of 2018 as well. Firstly the new Administration’s first budget has been released and brings changes with it. The new era has arrived and disrupted the status quo. Under the careful crafting by the executive branch, the Discretionary federal budget has undergone a large increase in defense spending in comparison to the previous Administration.

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The discretionary budget is one of the best means to understand the priorities of the administration in power. The budget represents several departments including the DOD (Department of Defense), DOA (Department of Agriculture), DOE (Department of  Energy) as well as agencies such as GSA (The General Services Administration) and the SBA (Small Business Administration). Based on the data above, the assumption is that the new administration will devote more money and attention to the country’s national defense, than prior. This will be the highest budget the department of defense has been allocated since the $602 billion dollars it was allocated in 2008. As well as the first time the aggregate of the rest of the budget will be less than the total allocated to the DOD. While this means spending cuts in other industries as they will have to function on fewer resources, for the military this will be able to help pay for research and development, equipment and information.

The above listed agencies on the chart, are those that fall under the discretionary budget.The spending cuts while minimal will affect the day to day operations of the other departments and agencies, with less money in their programs although it will be more difficult to function it will not be impossible.

Author: Bobby Cottingham, Sabre88 LLC

Editor’s note: Original Sources


https://www.whitehouse.gov/sites/whitehouse.gov/files/omb/budget/fy2018/budget.pdf

https://www.gpo.gov/fdsys/pkg/BUDGET-2017-BUD/pdf/BUDGET-2017-BUD.pdf

Net neutrality at a glance

In 2015 the previous administration advocated for the creation of the Open Internet Order or, Net Neutrality, the vision was to create an open unrestricted internet for all to use equally. Net Neutrality is the proposition that internet service providers should allow access to all online content without favoring or blocking particular products or websites. This idea can be beneficial to the general population because it fosters small business growth along with keeping prices low and affordable. Net Neutrality was the prerogative of the U.S. government for two years, however, it is no longer in effect. Ajit Pai, the current administration’s chairman for the Federal Communications Commission, removed net neutrality a full year after his inauguration. Pai’s drive for ridding the internet of regulated neutrality as he said in his press conference last December comes from his belief that as one of Americas greatest success’ the internet needs to be un-regulated in order to fully prosper, and that the regulations have taken us away from consumer preferences not towards them. Pai is correct in that a more open, less controlled internet is pleasing to the average consumer because it grants more access to more online applications and content.

Ajit Pai’s removal of Net Neutrality occurred in December of 2017, with the turn of the year, expect to see more in your cable plan, options for free Netflix in exchange for paying for a slightly more expensive internet bill. This is positive because immediately one will start to see faster internet and convenient packages, and collaborations between internet providers and mainstream content. As the internet progresses, now without regulation expect to see more dominance of that mainstream content and even possibly cheaper prices for that content.

While the internet deregulation brings a promise of cheaper prices to the services we use every day, it will come at the cost of budding entrepreneurs. Unregulated internet will bring in an era of pay for speed; the speed of smaller applications and content will be far slower than that of the corporate giants. Look forward to longer loading times and less accessible content if you prefer the little guy to the larger one.

 

Author: Bobby Cottingham, Sabre88 LLC

Editor’s note: Original Sources


http://fortune.com/2017/12/15/net-neutrality-pai/

https://www.forbes.com/sites/joshsteimle/2014/05/14/am-i-the-only-techie-against-net-neutrality/#4e4c811170d5