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Business finance: The ultimate guide for non-finance people

BMT Office Administration

In particular, traditional business financing options like bank loans have been declining since 2020 — where they fell 6% from 2019 (43% to 37%, respectively). That trend continued in 2021, with only 34% of small businesses applying for bank loans. The biggest perk is that the bank has no say in how you run your company.

Finance 264
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Employers may be responsible for employee damages from cyber security hacks

BMT Office Administration

Mail scams may be making a comeback, but the quickest, easiest, and most efficient way for a scammer or phisher to steal employees’ identities is to hack into your computer network. But ESS portals are risky, too, because they create more points of entry into your computer network for phishers to create havoc.

Security 246
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Why companies still need to invest in people, according to a Columbia business professor 

Work Life

Rapidly changing consumer preferences for different purchasing channels (such as self-service on a computer or mobile phone or an online chat) or product and service attributes are making historic competitive advantages obsolete. Hamers realized that the bank needed to change in light of significant shifts in its business environment.

Banking 98
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Don’t Let the Next Global IT Outage Catch You Off Guard. Here’s How to Prepare If It Happens Again

Success

On Thursday night, July 18, and into the wee hours of the following morning, a faulty software update reminded us all how dependent we are on the fragile, technology-based infrastructure quietly powering our doctor’s appointments, flight schedules and bank account access. If ATMs and banks are disrupted, you might not be able to obtain money.

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The hidden truth behind job market numbers and how they influenced the vote

Work Life

When the bare minimum, like food and gas, are breaking the bank, buyers tend to cut costs where they can, but it’s not a sustainable fix. AI is already reshaping roles across sectors, automating routine tasks in banking , logistics, and even some healthcare roles.

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Generative AI will lead to a threefold increase in greenhouse gases from data centres

Workplace Insight

With AI’s growing demand for computational power, especially in machine learning and natural language processing, the need for more data centres has skyrocketed, the report says. A significant point raised by the report is the role that generative AI plays in driving the expansion of the data centre sector.

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A Freelancer’s Guide to Business Insurance: What You Need to Know

Success

As a freelance computer programmer, Williams says, you could create a coding error that leads to financial loss. This type of insurance for freelancers protects work stored on their computers and online, says Rafael Espinal, executive director of Freelancers Union.