Browsing Category: "Business"

Top Enterprise Platform Trends to Keep Your Eyes On

July 30th, 2020 | Posted in Business

With a variety of different cloud-based applications making their mark in the enterprise software market, it looks like this industry is in for some accelerated growth. Efficiency improvements from enterprise resource planning (ERP) and customer relationship management (CRM) deployments have prompted roughly 70 percent of businesses to prepare heavy investments in cloud-based enterprise platforms over the next three years.

Because of increasing affordability, scalability, and return on investment (ROI), smaller businesses are starting to adopt enterprise platforms, pushing the growth of apps like ERP and CRM platforms to a level it has never reached before. It is expected that 78 percent of small businesses will fully adopt cloud-based enterprise apps by 2020 compared to today’s paltry 37 percent.

The steady uptake of business apps is beginning to create exciting new trends. Let’s look at a few of them.

Increased Automation

Cloud-based enterprise application services like Panaya are taking off amid the keen interest in automating business processes with big data inputs. For enterprises, it will no longer be viable to go through the trouble of manually implementing enterprise updates and upgrades each time a new enhancement package is available.

Automation impacts productivity by streamlining processes. This makes tasks and projects easier to manage and, as a result, less costly. With scale, automation has an even bigger impact, especially when it comes to big enterprises that have complex data and process structures. The efficiency and productivity returns from automating business processes are a particularly strong incentive for adoption.

Cloud Platforms Are a Clear Winner

As the cloud refocuses resources from costly infrastructure investments onto operational expenditure, businesses are becoming keen on gaining the cost advantages. Much of this investment is going to be in Software-as-a-Service (SaaS) implementations, which are seeing an increase in overall total cloud workload, up from 41% projected to 59% in 2018. From $13.5 billion back in 2011, the SaaS market is expected to grow by 243 percent to $32.8 billion by that time.

The increase in demand for SaaS solutions has also spurred a large revenue stream for many startup companies. Today, developers reach the $50 million milestone much earlier  than in 1998, according to Tomasz Tunguz, a venture capitalist at Redpoint who has compiled various analyses of the market’s evolution over time.

IoT Makes Its Way Forward, Dragging Wearables Along

Given the distributed nature of cloud computing, applications are beginning to fit into smaller spaces. The Internet of Things (IoT) phenomenon has received a significant amount of attention for the useful applications in various industries around the world. The market is expected to increase at a compound annual growth rate (CAGR) of 31.72 percent by 2019. The relevance of IoT in freight tracking and any other business application that requires sensors has created the conditions for new business models to flourish, giving rise to creative means of acquiring, processing and analyzing data.

Wearables are also catching up, albeit more modestly. In this year, only one percent of all wearables shipped were destined for workplaces. By 2020, this number is expected to increase to 17 percent. The effects of this phenomenon are numerous, from enhanced workplace monitoring to higher productivity, as a result of the convenience offered by these devices on their own.

Cloud Applications are Complicating IT Security

While the cloud makes connectivity more convenient, it also comes with privacy and security risks. Because users – and even businesses –are surrendering privacy to third parties, there is a concern among business owners and IT professionals that employees may be inappropriately using data or resources.

Half of all organizations in the last 12 months have had at least one security incident, a trend expected to continue unless businesses start taking an improved approach to data security. Costs are beginning to reach astronomical levels, with the cost of data breaches reaching an average of $3.8 million per incident, up from $3.5 million one year ago.

The worrying increase in both the frequency and cost of data breaches has to do with the poor access control and data protection found in “vanilla” cloud applications adopted by a majority of businesses, especially startups, “solopreneurships” and small businesses. As a response, using solutions like Skyfence.com coupled with very prudent data access policies and procedures could help reduce this trend considerably. This particular platform provides IT departments the added control to ensure sensitive data is not intentionally or inadvertently leaked on public cloud.

Conclusion

The enterprise application market is on a path to fast and sustainable growth. Businesses can leverage these platforms in optimizing their operations for improved efficiency and productivity. Automation, enhanced security, and a move to cloud-based solutions will help improve agility, thus enabling companies to likewise focus on attaining their business goals.

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Tuneteams: The Global Music Licensing Marketplace

July 28th, 2020 | Posted in Business

Do you ever wonder why big music companies have a marketing advantage when it comes to breaking artists, globally? According to industry insiders, it’s because of their networks of local companies, or wholly-owned subsidiaries, in different countries around the world.

It stands in stark contrast to smaller record labels and publishers, who typically operate in only one country. In an effort to build an international business, small music companies must license their music to their peers in other countries. The problem with this is that small labels have only been able to afford to close international licensing deals annually at conferences like Midem. It’s actually what prompted Ian Henderson to take a long, hard look at this issue and recognize that global music sales have declined from $26.6 billion in 1999 to $15 billion this year.

Henderson also recognized that many artists have raised serious concerns with pay-per-play revenue generated from streaming services like Spotify. So, in 2013, he took his 15 years of music industry experience and set out to provide artists and music companies with new markets and new sources of revenue.

To that end, he built tuneteams, a music licensing marketplace which essentially democratizes international music licensing. Via tuneteams, each and every label, company, or publisher can negotiate deals any time, any day, and across the entire globe.

“Just as distributing CDs evolved into digital distribution, tuneteams’ licensing marketplace will evolve existing music industry licensing practices,” says Henderson, CEO and founder. “As we build awareness and content available for license on our platform, we believe tuneteams will usher in a new era of mutually beneficial licensing deals between international music companies.”

 

Tuneteams was built as a B2B marketplace where brands, record labels, songwriters, and music publishers can auction recording licenses while at the same time publishing and sub-publishing agreements on their own terms. Auction owners set a minimum bid, enter parameters like proposed license terms and territory, and then determine whether bidders compete to offer the highest advance or the highest royalty rate.

Bidders can also review contracts and listen to songs before bidding. After closing, the winner and auction owner then sign one of tuneteams’ template contracts electronically: the platform provides e-signature, escrow, and money transfer technologies from industry leaders in order to make the deal fast and safe.

While the platform has only been around since August 1, there’s already content available to license from popular artists and recording labels. Obviously they’ll be looking to beef that up as they keep growing and moving forward. For now, though, it’s pretty safe to say that these smaller labels are thrilled to finally have an outlet to easily license their music.

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Stage 32: An Education Hub For Entertainment Industry Creatives

July 26th, 2020 | Posted in Business

LinkedIn is by far the world’s largest professional network with more than 380 million members in over 200 countries and territories. But it isn’t meeting the needs of everyone, leading to the creation of several sites positioning themselves as the go-to professional network for niche industries. If you work in hospitality, you’ve got Industry. If you’re a doctor, head over to Doximity. If you’re an IT professional, join SpiceWorks. And if you work in the entertainment industry, you have Stage 32.

Stage 32 goes beyond the traditional benefits offered by professional networks (e.g., making connections, looking for jobs, staying up on news, etc.) by providing cutting-edge online education to a global population of people looking to make it in the ever-evolving entertainment industry. The integration of massively open online courses (MOOCs) makes strategic sense, which is likely why LinkedIn acquired Lynda for $1.5 billion. It also allows Stage 32 to keep membership free while generating revenue through its pay-to-play business model.

Indeed, whether you’re a producer, screenwriter, director, actor, cinematographer, editor, art director or composer (or some combination of these) Stage 32 offers classes to meet your specific needs. Some of their most popular ones of late include “The 5 Secrets to Financing Your Next Indie Film” and “The Art of Indie Producing.” The average cost per webinar ranges from $39-59 with longer online courses (2-8 weeks) landing somewhere between $99-799.

All of the teachers are industry executives that have excelled in their chosen field. When asked what their motivation is, Stage 32’s Managing Director Amanda Toney says, “They do receive a percentage of the revenue generated, and some of them teach for exposure. But most do it because they want to give back. There’s a community feel even to our education. Many have gone so far as to donate their payment to an arts charity.” Jon Sperry – a highly respected dialect coach who has worked with Harvey Keitel, Sofia Vergara, and Russell Crowe – taught a Stage 32 class that was attended by members from over 40 different countries.

Classes with a wide geographic appeal

The broad geographic appeal is a huge part of the company’s success. The fact that all classes are streamed, recorded and available for viewing later means it works for busy people living in any time zone. Richard Botto, Stage 32’s founder and CEO, says, “It’s certainly no longer a fact that filmmaking and television production only happens in LA and NY. The stage is now global. And the ability to bring education to the world has been our intention from day one.”

Since launching 2011 global membership has grown to be over 500k people actively collaborating and supporting each other to move film and television projects forward. In the past year alone the company has amassed over 1k hours of educational content and generated over $1 million. Among those that have paid for a Stage 32 class, 91% say they’ll do it again in the future.

The idea for Stage 32 came when Botto was attending yearly film festivals like the American Film Market (AFM) and observed a palpable frustration among many attendees that their opportunities for connection, collaboration and breakout success were so disjointed and infrequent. He strongly believed that there needed to be an online destination serving the specific needs of these individuals, and knew he had the experience to bring it to life.

Botto had already experienced some entrepreneurial success. Throughout the 90s he ran a consulting business with his brother that helped traditional companies establish an online presence. In 2000 he launched a men’s lifestyle magazine called RAZOR and served as the publication’s Editor in Chief and CEO for the next six years, pursuing acting and writing projects on the side. After leaving RAZOR he began gaining serious traction as a screenwriter and producer. This is what landed him in the film festival circuit, and gave him the industry expertise and professional network needed to launch Stage 32. When the beta was ready in 2011 Botto emailed a link to 100 of his industry contacts, asking them to send it along to five more people if they enjoyed the experience. Membership took off.

Educating the next generation of media talent

Some of Stage 32’s growth has to do with marketplace dynamics. The continued proliferation of media network and online distribution channels has increased demand for quality content. Large studios are traditional TV networks are snapping up online content providers (e.g., Maker Studios, Fullscreen, Awesomeness TV, etc.) to ensure they don’t get left behind, and agents and managers are hungry for talented new writers that are able to authentically connect with niche audiences of viewers. A huge number of successful shows and movies are being made outside of the traditional studio system, and the DIY culture in Hollywood has become more and more mainstream. Stage 32 is teaching the evolution of the entertainment industry as it’s happening, and more people than ever are throwing their hat in the ring.

To be sure, there are other places to go for education if you’re seeking success in the entertainment industry. Well-respected academic institutions, such as USC’s Film School, and still arguably the best places to hone your chops and network – not to mention receive a highly credible degree. But those institutions are only available to select few due to both admittance and cost. There are solid continued education offerings like UCLA Extension, which has 17 categories within the entertainment and music industry where online classes are currently being offered. Each class offers credits towards a degree, but the average cost is more than $500/class. Again, access is limited.

Headquartered in the Manhattan Beach area of Los Angeles, Stage 32’s team has grown to 10 and the company is projecting 50-75% YoY revenue growth. Up to this point the company has been completely bootstrapped and has not raised an official round, but Botto says he has been approached and has begun exploring financing possibilities to fast track growth.

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Come to these top places to host childrens parties London

July 18th, 2020 | Posted in Business

Everyone knows that when in London, everything has to be fabulous and this includes any childrens parties London that you are thinking to host. The most important aspect that determines the success of any party is the location because if you’ve picked a poor spot then it won’t matter how fabulous your party will look as the location will ruin everything. Here are some of the best places to host childrens parties London so you won’t have to face such a problem.

  • Kid’s zoos are the primary choice for a reason

If there’s one thing that kids absolutely love, it’s furry and cuddly animals. It wouldn’t be terribly strange for you to pick the local zoo to host some childrens parties London just to see how different the reaction of the little ones are going to be. They may even be so excited that they won’t even remember why they are there in the first place! Some zoos have the option of hosting night safaris and this will give the kids to learn a lot more about nocturnal animals whilst having fun.

  • Going onboard a pirate ship can be lots of fun too

Kids love the opportunity to flex their creative muscles and pretend to be something they are not. They get a major kick out of this even if it’s only for a little while so why not take the chance to let them enjoy childrens parties London like they have never experienced before? You could easily enquire with the local party organizers to see if they can help you out in finding an replica of a pirate ship where you could host your party on.

They will never forget such an awesome experience and you will forever be remembered as the coolest parent in the world!

  • Have a sleep over at the local toy store

You definitely know that kids love toys and what better way to let them enjoy it to the maximum in one of the greatest ideas for childrens parties London than to have them sleep in an actual toy store? This actually isn’t too expensive to do and depending on who you’ve got helping you out, you can really get a good price from all of this.

The only thing you will want to make sure is that the kids must understand that they should not open any or all of the toys in the store unless you have already paid for them in advance. This is a unique idea that will make you the talk of the town so why not give it a shot at your next childrens parties London?

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Do Your Employees Hate You? Read This To Find Out Why!

July 8th, 2020 | Posted in Business

When people get new jobs, they expect to carry out their work in a friendly setting. But, for some folks, the truth is their bosses can make their lives a misery. Some individuals just aren’t cut out to be managers! And, they’re often the reason for issues like high staff turnover.

Do you manage a team of people? If so, have you ever wondered what your staff think of you? Sure, your job isn’t to make friends with your employees. It’s to manage them, right? Still, there are right and wrong ways to go about doing that.

You might feel that you’re the best boss in the world, yet the truth might prove otherwise! In today’s blog post, I will share with you five reasons why your staff might hate you! If any of them apply, I’ll also give you some tips on how to improve things with your workers.

  1. You hinder what other people do each day

As a boss, one of your many tasks is to oversee what your staff do. Some managers decide to leave employees to it while others “hover” over their workers! Does the latter sound like what you do? If so, you are perhaps annoying and even insulting the intelligence of your staff!

There is a fine line between advising and dictating what they should do! As humans, we can only learn from our mistakes. Yes, you don’t want your employees to make any errors. But, we aren’t a perfect species.

You should identify areas where your employees may need extra training in their work. Once you’ve done that, you should arrange for a pro to give them the training they need. That way, you can concentrate on other areas of your job.

  1. You treat your staff like they are robots

Did someone once say to you “treat them mean, keep them keen”? If so, why on Earth do you follow that phrase in a literal sense? Your employees are people, just like you. They also have feelings, as do you!

 

If you go around treating them like a piece of dirt, you won’t earn their respect. In fact, they will usually spend their time cursing you behind your back! I don’t know about you, but I wouldn’t want to work in an environment like that.

Just because someone works for you doesn’t mean you can treat them like a slave. Nor should you humiliate them, especially in front of their co-workers. If you want a phrase or saying to follow, here’s a new one for you:

“Treat others how you would like to get treated.”

In other words, be nice to you and treat them with the respect that they deserve. No-one is saying you need to be best friends with all your workers, of course. But, you should be polite, civil and courteous with your staff. There is nothing demotivating in the workplace than having someone “bark” at you!

  1. You have a hidden agenda

A bad management practice is to use your staff as pawns in a mental game. For example, you might want to impress your superiors so that you can get a promotion. Or one of your workers might catch your eye, and you want to date them.

Whatever the reason, hidden agendas in the workplace are a no-no for managers! Your staff might not wish to complain of what you’re doing for fear of losing their jobs. And so, they’ll just end up hating you until they’ve had enough and quit.

If you want your staff to trust you, it’s crucial you remain transparent with them. Don’t give them a reason to think you’ve got a hidden agenda. It will seldom end in a good result for you!

  1. You are harsh to people that take time off sick

Let’s face it; we all have to take some time off work when we are feeling unwell. There is always the temptation to “rough it out” and keep working. But, there comes a point where we don’t have the energy to even stand up!

Sometimes, we might end up taking long-term sick leave because of a medical condition. If that happens with your workers, being harsh to them on their return is a bad idea.

If you’re trying to make them feel guilty for leaving you in the lurch, stop. All you will do is make them want to resign!

Instead, you need to offer a helping hand. Often, it makes sense to get an external firm to give extra support to your employees. Check out websites like www.healthassured.org to see what I mean. Don’t just expect people to carry on working without any issue!

For instance, some folks might need changes to their working environment. Especially if something in the workplace caused them to be ill in the first place!

  1. You never praise people for a job well done

Last, but not least, you should remember we all want to feel valued in what we do. Let’s say that you manage some telesales people. You will want your boss to thank you for exceeding sales targets this month. That’s because you wish to receive recognition for being a good manager.

In a similar way, those telesales staff want to feel that you noticed their good work. Believe it or not, praise is a good motivation tool. It doesn’t matter if you earn a small wage or a six-figure salary. What does matter is you recognise the efforts of your team.

Of course, you don’t need to praise them for everything they do. After all; your staff are getting paid to do a job! Sometimes, it’s nice to have a “pat on the back” when you go above and beyond the call of duty.

There are many ways you can praise your staff for doing well. For instance, you could offer them an incentive like a cash bonus. Or even a token gesture like a day off that doesn’t get taken from their holiday allowance.

You could even treat your team to a night out on the company. It’s a chance to show your workers that you’re also a human being too, just like them!

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