Remove 2017 Remove Efficiency Remove Finance Remove Operations
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Drones Help New Industries Take Flight

Tom Spencer

This post explores three areas where drones are currently being used, the data they generate, and how they are being used to increase efficiency and maximise profits. In August 2017, after Hurricane Harvey hit Houston, authorities used drones to assess damage and look for people trapped in their homes or vehicles ( Fortune, 2017 ).

Industry 104
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Blockchain: Bitcoin, Bored Apes, and Beyond

Tom Spencer

Blockchain technology is making a strong impact in the finance industry due to the fact that it enables decentralization and direct peer-to-peer transactions. Removing the financial intermediary, i.e. the bank, can increase convenience, efficiency, and security. Another road bump is that blockchain processes are precise and rigid.

Energy 88
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Hospital Budget Systems Are Holding Back Innovation

Harvard Business

Nearly 800 digital health startups were funded in 2017, an all-time high. These barriers, however, can be overcome by changing how hospitals acquire new technology and by providing incentives to units to use digital innovations to provide more effective and efficient care. Problem 2: Rigid annual operating budgets.

System 28
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How Companies Are Already Using AI

Harvard Business

And in January 2017, McKinsey’s research arm estimated AI-driven job losses at 5%. By the time he left Amazon in 2013, his group had grown from 35 to more than 1,000 people who used machine learning to make Amazon more operationally efficient and effective. Over the same time period, the company saw a 10-fold increase in revenue.

Company 59
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How One Nonprofit Is Expanding Health Care for the Uninsured

Harvard Business

a cataract operation can cost $200 or less, compared with $3,500 in the U.S. Under the leadership of Anthony Tersigni, Ascension’s president and CEO, the organization has sought to become much more efficient at delivering health care. The savings to Ascension in supplies alone totaled about $1 billion, or 5% of total revenues.

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When Selling, Ask Questions, Rank Your Prospects … and Listen!

Emerson Consulting Group

Operating in this manner, you will no longer feel a need to shoehorn all the features, bells and whistles into the conversation. These will often heighten your efficiency as to who should be considered a worthwhile prospect to meet with at all, thereby increasing each sales call’s likelihood of success. Questions to Ask Yourself.

Sales 40
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How the Great Recession Changed Banking

Harvard Business

Less apparent to the outside world is how much banks are also investing in controls, especially in their compliance, risk, and finance divisions. Expenditures on control functions related to implementing new regulations such as compliance, risk, finance, operations, and technology have been cut — but only by 10%.

Banking 28