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Motivating workers to earn licenses reaps rewards

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To survive the prolonged recession, a growing number of companies have adopted systems to encourage employees to attain professional or specialist qualifications, hoping the investment will motivate them and that the newfound expertise will help develop new products or business expansion.

Tomoko Kawada, 37, of Tamanoi Vinegar Co., a food maker in Sakai, Osaka Prefecture, has benefitted from the so-called Future System. In 2009, after she had worked there 11 years, she took a year off to study at a vocational school and obtain a cooking license.

Now she is in charge of devising original recipes that use vinegar and publicizing them on the company’s website.

Employees aiming for any of six specialist qualifications, such as licenses for cooks, doctors, lawyers and tax accountants, are interviewed and assessed to see if such skills will enhance their careers. For those selected, the company pays for the study and licensing fees, as well as a full salary during the leave of absence.

Another successful candidate, a 33-year-old male employee who joined Tamanoi in 2004, was picked for the medical course and spent four years studying at a national university, passing the 2010 national exam for medical practitioners on the first try. Currently an intern at a hospital, the company hopes he can make use of the expertise to provide professional advice in related business operations as well as health consultations for its staff.

School fees shouldered by the company totaled some ¥2 million in Kawada’s case, and ¥2.5 million in the case of the male employee.

Although only a handful have been chosen under the system, Eri Terasawa, a section chief in the Tamanoi president’s office, said the workers “with specialized expertise can discover values that we fail to notice and they show us the path for the company to survive.”

According to a survey in 2011 by the Institute of Labor Administration, a Tokyo-based research agency, 77 percent of about 230 companies that provided valid response had some kind of support system for employees to obtain specialized qualifications. This was slightly up from 74 percent in the previous survey conducted in 2004.

In most cases, firms subsidize expenses such as examination fees. Some companies also pay bonuses or special allowances to staff members who obtain certain licenses or qualifications.

The institute noted that amid the tough business environment since the global financial crisis that struck around late 2008, companies have come to expect an even higher degree of self-reliance and professionalism from employees.

At the same time, workers themselves have also become ever more eager to master specialized techniques and know-how given this era of uncertainty, according to the institute.

Meanwhile, some companies have also set up their own in-house qualification systems. Supermarket chain operator Aeon Co., for example, has about 20 kinds of in-house qualifications ranging from specializing in cutting and trimming fresh fish to expertise in bicycles.

Hajime Ozawa, the 41-year-old manager of an Aeon group bicycle shop in the city of Chiba, is one such Aeon Cycle Adviser. When he first joined the company, Ozawa was assigned to the food department, but he decided to obtain the in-house qualification in 2011 as he wanted to make the most of his bike-riding hobby at work.

“Equipped with the technical expertise, I feel more confident and also win customers’ trust,” Ozawa said. “It makes the job a lot more enjoyable.”

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Source: https://www.japantimes.co.jp/news/2013/06/18/business/motivating-workers-to-earn-licenses-reaps-rewards/

Big Data

Top 10 Big Data trends of 2020

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Top 10 Big Data trends of 2020

By Priya Dialani

During the last few decades, Big Data has become an insightful idea in all the significant technical terms. Additionally, the accessibility of wireless connections and different advances have facilitated the analysis of large data sets. Organizations and huge companies are picking up strength consistently by improving their data analytics and platforms.

2019 was a major year over the big data landscape. In the wake of beginning the year with the Cloudera and Hortonworks merger, we’ve seen huge upticks in Big Data use across the world, with organizations running to embrace the significance of data operations and orchestration to their business success. The big data industry is presently worth $189 Billion, an expansion of $20 Billion more than 2018, and is set to proceed with its rapid growth and reach $247 Billion by 2022.

It’s the ideal opportunity for us to look at Big Data trends for 2020.

Chief Data Officers (CDOs) will be the Center of Attraction

The positions of Data Scientists and Chief Data Officers (CDOs) are modestly new, anyway, the prerequisite for these experts on the work is currently high. As the volume of data continues developing, the requirement for data professionals additionally arrives at a specific limit of business requirements.

CDO is a C-level authority at risk for data availability, integrity, and security in a company. As more businessmen comprehend the noteworthiness of this job, enlisting a CDO is transforming into the norm. The prerequisite for these experts will stay to be in big data trends for quite a long time.

Investment in Big Data Analytics

Analytics gives an upper hand to organizations. Gartner is foreseeing that organizations that aren’t putting intensely in analytics by the end of 2020 may not be ready to go in 2021. (It is expected that private ventures, for example, self-employed handymen, gardeners, and many artists, are excluded from this forecast.)

The real-time speech analytics market has seen its previously sustained adoption cycle beginning in 2019. The idea of customer journey analytics is anticipated to grow consistently, with the objective of improving enterprise productivity and the client experience. Real-time speech analytics and customer journey analytics will increase its popularity in 2020.

Multi-cloud and Hybrid are Setting Deep Roots

As cloud-based advances keep on developing, organizations are progressively liable to want a spot in the cloud. Notwithstanding, the process of moving your data integration and preparation from an on-premises solution to the cloud is more confounded and tedious than most care to concede. Additionally, to relocate huge amounts of existing data, organizations should match up to their data sources and platforms for a little while to months before the shift is complete.

In 2020, we hope to see later adopters arrive at a conclusion of having multi-cloud deployment, bringing the hybrid and multi-cloud philosophy to the front line of data ecosystem strategies.

Actionable Data will Grow

Another development concerning big data trends 2020 recognized to be actionable data for faster processing. This data indicates the missing connection between business prepositions and big data. As it was referred before, big data in itself is futile without assessment since it is unreasonably stunning, multi-organized, and voluminous. As opposed to big data patterns, ordinarily relying upon Hadoop and NoSQL databases to look at data in the clump mode, speedy data mulls over planning continuous streams.

Because of this data stream handling, data can be separated immediately, within a brief period in only a single millisecond. This conveys more value to companies that can make business decisions and start processes all the more immediately when data is cleaned up.

Continuous Intelligence

Continuous Intelligence is a framework that has integrated real-time analytics with business operations. It measures recorded and current data to give decision-making automation or decision-making support. Continuous intelligence uses several technologies such as optimization, business rule management, event stream processing, augmented analytics, and machine learning. It suggests activities dependent on both historical and real-time data.

Gartner predicts more than 50% of new business systems will utilize continuous intelligence by 2022. This move has begun, and numerous companies will fuse continuous intelligence during 2020 to pick up or keep up a serious edge.

Machine Learning will Continue to be in Focus

Being a significant innovation in big data trends 2020, machine learning (ML) is another development expected to affect our future fundamentally. ML is a rapidly developing advancement that used to expand regular activities and business processes

ML projects have gotten the most investments in 2019, stood out from all other AI systems joined. Automated ML tools help in making pieces of knowledge that would be difficult to separate by various methods, even by expert analysts. This big data innovation stack gives faster results and lifts both general productivity and response times.

Abandon Hadoop for Spark and Databricks

Since showing up in the market, Hadoop has been criticized by numerous individuals in the network for its multifaceted nature. Spark and managed Spark solutions like Databricks are the “new and glossy” player and have accordingly been picking up a foothold as data science workers consider them to be as an answer to all that they disdain about Hadoop.

However, running a Spark or Databricks work in data science sandbox and then promoting it into full production will keep on facing challenges. Data engineers will keep on requiring more fit and finish for Spark with regards to enterprise-class data operations and orchestration. Most importantly there are a ton of options to consider between the two platforms, and companies will benefit themselves from that decision for favored abilities and economic worth.

In-Memory Computing

In-memory computing has the additional advantage of helping business clients (counting banks, retailers, and utilities) to identify patterns rapidly and break down huge amounts of data without any problem. The dropping of costs for memory is a major factor in the growing enthusiasm for in-memory computing innovation.

In-memory innovation is utilized to perform complex data analyses in real time. It permits its clients to work with huge data sets with a lot more prominent agility. In 2020, in-memory computing will pick up fame because of the decreases in expenses of memory.

IoT and Big Data

There are such enormous numbers of advancements that expect to change the current business situations in 2020. It is hard to be aware of all that, however, IoT and digital gadgets are required to get a balance in big data trends 2020.

The function of IoT in healthcare can be seen today, likewise, the innovation joining with gig data is pushing companies to get better outcomes. It is expected that 42% of companies that have IoT solutions in progress or IoT creation in progress are expecting to use digitized portables within the following three years.

Digital Transformation Will Be a Key Component

Digital transformation goes together with the Internet of Things (IoT), artificial intelligence (AI), machine learning and big data. With IoT connected devices expected to arrive at a stunning 75 billion devices in 2025 from 26.7 billion presently, it’s easy to see where that big data is originating from. Digital transformation as IoT, IaaS, AI and machine learning is taking care of big data and pushing it to regions inconceivable in mankind’s history.

Source: https://www.fintechnews.org/top-10-big-data-trends-of-2020/

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Cyber Security

Feedzai grows +44% in the first half of the fiscal year and strengthens its C-suite

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Feedzai grows +44% in the first half of the fiscal year and strengthens its C-suite
  • H1 growth above target amid the COVID-19 pandemic and market uncertainty. Multiple multi-year enterprise contracts negotiated during the lockdown

  • New Chief Financial Officer and Chief Marketing Officer join the company

  • 26% of the revenue invested in R&D and 10 patents filed in H1 2020

Feedzai, the world’s leading risk management platform, announced today that its Q2 2020 has been one of the most successful ever from a new business generated perspective. The company has experienced a +44% growth in new Annual Recurring Revenue (ARR) in H1 2020 when compared to H1 2019. A very successful renewal cycle and new large-enterprise deals closed in the US, EMEA, APAC, and LATAM, made the first half of the year a success.

Feedzai currently protects companies with more than 800 million customers in 190 countries. With more than 154M US individual and business taxpayers, almost half of the UK and Canada’s population, and 60% of global music streaming subscriptions being monitored and protected by Feedzai, the company has shown over the years that its mission-critical technology is preferred by the largest and most innovative companies in the world.

Since the beginning of the pandemic, Feedzai has seen an increase in financial crime, particularly mule accounts, phishing attacks, employer fraud, and a big spike in fraudulent activity related to online commerce in which people had to significantly rely on during the lockdown.

“Fraudsters thrive on periods of confusion and chaos, and this pandemic represents fertile breeding ground. While many bank capital investments are on hold amidst the economic uncertainty, we are seeing that solutions like Feedzai’s, which reduce fraud losses, decrease operational expense, and improve customer experience through more efficient detection routines are actually seeing increased prioritization for funding, given the increased urgency to protect digital channel transactions in a customer-friendly manner,” says Julie Convoy, Research Director at Aite.

“Feedzai had one of its best quarters ever amid the pandemic, while many industries, unfortunately, showed signs of deterioration. This simultaneously shows that our technology is mission-critical, and our business is crisis resilient,” said Nuno Sebastiao, Co-founder, and CEO of Feedzai. “I’m confident that our next phase of growth will benefit from market conditions in which digital transformation will play a larger than ever role, and from a set of strategic decisions we’ve made in the last 9 months.”

As part of the growth, Feedzai has achieved several important milestones, including:

Business Performance – Feedzai reports a +44% growth in H1 2020 compared to the same period in 2019. The company has also seen Q2 2020 growth above target amid the COVID-19 pandemic, which led to one of its best quarters ever from a new Annual Recurring Revenue (ARR).

C-suite Strengthening – the company has defined a combination of strategic hires and internal promotions to prepare the organization for the next level of growth

  • Amaury Dauge, Chief Financial Officer – joins Feedzai after several C-level roles at Qontigo and previous experience as the CFO of Euronext, the 6th largest stock exchange in the world

  • Varun Kohli, Chief Marketing Officer – a seasoned Silicon Valley executive, who has been part of multiple multi-billion dollar exits (8 out of 9 companies he worked at either went IPO or were acquired)

  • Richard Harris, EVP of Global Sales – a veteran in both the finance and technology industries, steps in to spearhead the global sales operation after 5 very successful years at Feedzai where he led international operations. Prior to that, Harris held leadership positions at Visa, Experian, and American Express

  • Pedro Barata, SVP of Product – after 10 years at Feedzai – hired as one of the first employees of the company – Barata becomes the new product leader after successfully building from scratch the entire Customer Success operation

  • Cristina Perez, Head of Legal – joins Feedzai after 20 years spearheading legal, public policy, and regulatory affairs at Vodafone Portugal

Geographic Expansion and Strategic Deals – Feedzai has closed deals during H1 in all of the regions it is currently operating in – US, EMEA, APAC, and LATAM – and was able to negotiate multi-year contracts with some of the largest and most innovative companies in the world (e.g. one of the biggest payments processors in the world, one of the top 3 banks in Brazil, one of the big four banks in Australia, the largest national card processor in Europe, and several others).

Cutting-Edge technology – Feedzai continues to pave the way with the most advanced, and promising machine learning techniques built to better protect customers and businesses all over the world. The company also keeps protecting its growing Intellectual Property portfolio with 6 new patents filed in the first half of the year around Deep Learning, Model Fairness Optimization, Active Learning, Transaction Graph Representations, and more. Feedzai will also invest around 26% of its revenue in R&D by the end of 2020, while the average investment made by successful SaaS companies sits at 23%.

Source: https://www.fintechnews.org/feedzai-grows-44-in-the-first-half-of-the-fiscal-year-and-strengthens-its-c-suite/

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HRTech

Outdoor learning experiences aren’t just for kids – they’re great for the workplace too

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Managers need to encourage their staff find their inner child to help take their businesses to the next level.

This is the message from national training-and-skills company Skern Lodge, which is encouraging companies to think about how their workforce might benefit from exciting meaningful outdoor challenges.

Training and Development Manager Richard Thomas said that not only are these challenges a great way to have shared experiences in a fun environment, but they can also teach individuals a great deal about themselves, help them think creatively and take new or forgotten about skills back to the workplace.

Richard added: “Many schools and groups come to outdoor activity centres for day trips or residentials because they understand there is a huge benefit for children to be learning under conditions which simply can’t be taught in a classroom.

“They come here to help children build on their confidence or develop teamworking and leadership skills, but everyone can brush up on these skills from time to time and it is important for businesses to realise that their team can get so much out of an outdoor learning adventure too.”

Management and leadership are also skills that needs to be learnt. Through the right level of challenge, by taking part in activities such as climbing, archery and problem-solving tasks, individuals are pushed to their full potential without even realising.

Richard said: “Sometimes they may not get a task right, but that’s OK. The aim is to encourage them to become more resilient, build a supportive team environment and facilitate feedback which gives people the chance to grow and apply this new knowledge back at work.

“This is particularly beneficial when developing a future management team, or bringing new groups of people together to collaborate on a new project, as a shared experience such as this can really help to forge good working relationships.”

However, Skern Lodge realises that individuals and businesses are different and development is not a ‘one size fits all’. That is why it specialises in designing and building bespoke programmes based on business and individual needs to ensure success of the learning and development experience.

It does this through the use of outdoor activities at its sites in North Devon, North Wales, South Yorkshire, Northumberland, the Isle of Wight, Kent, North Norfolk, South Yorkshire and West Midlands.

Richard also said that Skern Lodge’s 44 years of co-designing programmes with employers and employees has given him and his team a great insight into how people work together effectively and stay motivated.

He added: “We understand that teams can take a while to form before they begin to perform effectively. Identifying where strengths lie and helping to address any issues, can help to focus groups on their collective goal and provide a springboard for better working relationships in the future.”

For more information visit: www.skernlodge.co.uk/learning-and-development

Source: http://hrnews.co.uk/outdoor-learning-experiences-arent-just-for-kids-theyre-great-for-the-workplace-too/

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