Under Secretary of State for Economic Growth, Energy, and the Environment Jose W. Fernandez participated in I2U2 (Israel, India, the UAE, and the United States) initiative’s inaugural business forum, hosted in Abu Dhabi by UAE Minister of State H.E. Ahmed bin Ali Al Sayegh on February 22, 2023. The forum convened senior government officials, including Director General of Israel’s Ministry of Foreign Affairs Ronen Levi and the Economic Relations Secretary of India’s Ministry of External Affairs Dammu Ravi, with business leaders and other private-sector stakeholders to spearhead business-to-business cooperation. Under Secretary Fernandez also met with senior Emirati officials to discuss cooperation on climate and clean energy action, food security, and other shared economic priorities – notably ahead of the UAE hosting COP28 in November 2023. During the business forum, I2U2 leadership discussed opportunities to advance multi-regional cooperation and investment opportunities to address some of the regions’ most pressing issues, including management of the energy crisis and food insecurity. Public and private-sector representatives gathered to strategize on how to best promote prosperity across the region. Our commitment to overcome collective challenges and deepen coordination with I2U2 continues to serve as a regional model to support investments and initiatives to improve […]

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Jim Nelson in front of a Smartboard CARBONDALE, Ill. — Could your job hinge on decisions made via the use of artificial intelligence? Recent polls indicate that may be the case. Jim Nelson , Rehn Professor of Business Analytics, coordinator of the analytics program in Southern Illinois University Carbondale’s College of Business and Analytics and the director of its Pontikes Center for Advanced Analytics and Artificial Intelligence , says managers need to be careful using AI and big data in making layoff and hiring decisions. “Artificial intelligence is a wonderful tool, and like any tool, it can be dangerous when not used properly,” said Nelson, who can be reached at nelson.j@business.siu.edu . “It’s only as good as the questions put to it and the data used to train it. Bad data inevitably leads to bad results. It’s great at giving recommendations using, if allowed, vast amounts of big data – far more than humans alone can possibly process. But the output still needs the ‘human touch’ to make sure something important hasn’t been left out of the decision-making process.” Nelson has more than 30 years of teaching and research in the field of analytics and artificial intelligence coupled with […]

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Cultivating critical thinking skills should be a top priority for any business that wants to succeed in today’s complex and rapidly changing world. According to the World Economic Forum, “analytical thinking, creativity, and flexibility will be among the most sought-after skills” by 2025, yet few companies invest in such training. Critical thinking is an essential skill that enables individuals to analyze, evaluate, and synthesize information to make informed decisions. In today’s fast-paced, complex, and dynamic work environment, critical thinking is more critical than ever before. It is crucial for organizations to prioritize critical thinking skills among their employees to make well-informed decisions and stay ahead in the competitive market. Critical thinking skills are needed in every business today. getty Rapid technological advancements, globalization, and economic uncertainties have created complex challenges for most businesses. Critical thinking skills are essential to successfully navigating this complexity and uncertainty. Critical thinkers can examine challenges and opportunities three-dimensionally in the broader business context, and they can analyze relevant information to develop a plan of action to address it. Critical thinking enables employees to consider multiple perspectives and potential outcomes of different decisions, leading to better choices that are more likely to succeed. The ability […]

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PAULDING COUNTY, Ga. — A Paulding County business says they’ve been the victim of check fraud, but are having a hard time convincing one bank that identity thieves are the ones who opened an account in their name. Business owners told Channel 2 consumer investigator Justin Gray that for three months thy got deposit tickets and back statements in the mail for a checking account opened by thieves and funded by money stolen from them. Mark Verrone has owned paper products distributor Metro Bag for 27 years, but has never worried about checks being stolen out of the mail. “It caught us off guard, to be honest with you,” Verrone said. Last Fall, they say thieves stole both outgoing and incoming mail. Metro Bag checks were stolen and washed. Checks from customers to the company were also stolen. “It’s tens of thousands of dollars of our money that’s stolen and it’s our money. It’s how we operate our business, and it becomes a struggle to pay bills if we don’t have that money,” Verrone explained. TRENDING STORIES: Metro Bag’s bank and several other banks quickly caught and fixed thousands of dollars in fraud, but now Verrone gets a statement […]

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Workers install the electric motor inside a Tata Nexon electric sport utility vehicle (SUV) at the Tata Motors plant in Pune, India, April 7, 2022. REUTERS/Francis Mascarenhas BENGALURU, Feb 23 (Reuters) – Indian carmaker Tata Motors (TAMO.NS) has begun talks with sovereign wealth funds and private equity investors to raise up to $1 billion via a stake sale in its electric vehicle (EV) business, Economic Times reported on Thursday, citing sources. The company plans to sell a significant minority stake , the newspaper report added, eyeing a valuation of about $10.5 billion. The funds and investors include the UAE-based Abu Dhabi Investment Authority (ADIA) and Mubadala Investment Company, the Saudi Arabia-headquartered Public Investment Fund, Singapore’s Temasek Holdings, and KKR and General Atlantic. Tata Motors and some of the companies did not immediately respond to Reuters’ request for comment. KKR declined to comment while Temasek said it does not comment on "market speculation and rumours". Tata Motors plans to use the bulk of the proceeds to retire a part of its outstanding debt and infuse a small portion as primary equity in the EV business, the report said. Earlier this week, Uber Technologies (UBER.N) said it plans to introduce 25,000 […]

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What is BPM? It can make the difference between success and failure in business. Read on to find everything you need to know. There are best practices, standard operating procedures and several types of processes in the business world. Processes help maintain order and provide guidelines for a smooth workflow. They are what makes businesses tick. One of the essential tools a business can utilize is business process management (BPM). Keep reading to find out everything you need about what it is, different types, benefits and use cases. What’s the definition of BPM? Business process management is a broad-scope end-to-end process that includes methods that promote discovery, modeling, analysis, improvements and optimization of business processes. While it might sound similar to task or project management, BPM offers a more extensive scope. Task management zeroes in on individual tasks and project management is a one-time work process; business process management is an end-to-end repeatable process. A successful BPM can streamline workflow, increase efficiency and reduce costs. The best business process management systems: Incorporate advanced analytics. Monitor all business activity. Utilize decision-making management. Coordinate employees. Synthesize systems. Maximize pertinent information to accelerate digital transformation. What are the types of BPM? Three […]

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How to merge the technology potential and business opportunities of responsible AI. Artificial intelligence, and ChatGPT in particular, has exploded worldwide. And so has the potential for misuse or abuse of AI, which presents a risk that must be taken seriously. However, AI also presents a range of potential benefits for society and individuals alike. Brad Fisher, CEO of Lumenova AI, explains how and why the application of responsible AI is both a technology debate and a business conundrum. AI is a hot topic, thanks to ChatGPT . People and organizations have begun to consider its myriad use cases enthusiastically, but there is also an undercurrent of concern for the possible risks and limitations. With this rush toward implementation, Responsible AI (RAI) has come to the forefront, and companies are questioning whether it is a technology or a business matter. I think it’s both. According to an MIT Sloan white paper published in September 2022, the world is at a time when AI failures are beginning to multiply, and the first AI-related regulations are coming online. The report states that while both developments lend urgency to the efforts to implement responsible AI programs, we have seen that companies leading […]

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Binghamton Plaza business owners spoke out against the city’s plan to take over the property during a public hearing inside city council chambers Tuesday. The public hearing was the next step in the city’s plan to acquire the property at 33 W. State St. in Binghamton from its current owners, Binghamton Plaza, Inc. of Wayne, New Jersey, through eminent domain, which allows the government to take ownership of private property and developed it. Andrea Thomas, who has owned Kurious Kids Childcare within the Binghamton Plaza for almost 16 years, said many of the families they serve do not have transportation and rely on subsidies to pay for child care, which limits their child care choices. "Without access to child care, families who are already facing financial struggles would be forced to choose between losing their employment or placing their children with unlicensed home providers lacking proper training and a safe environment," Thomas said during the public comment session. And Philomena Harris, who has owned and operated Leather Corner Shoe Repair in the plaza with her husband, Timothy, since 1972, said some of their customers drive to Binghamton from all over the state just for their services. "We have worked […]

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When Apple was on the brink of bankruptcy, a vast supply chain in China helped reverse its fortunes. But following pandemic disruptions and tensions between the U.S. and China, that might change. Copyright © 2023 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

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Trish Joy Duggan is the founder of Imagine Museum , an accomplished artist, and a dedicated philanthropist. Getty The United Nations (UN) drafted the Universal Declaration of Human Rights (UDHR) 75 years ago in response to the atrocities of World War II. In pursuit of global peace, security and cooperation, the UN set these international standards to guide how we should treat each other as human beings. The 30 articles of the UDHR define our fundamental rights and freedoms: dignity; liberty; equality; the right to life and prohibition of slavery; individual rights in society; and spiritual, political, economic and cultural freedoms. We have yet to live those ideals to the fullest. From sexual harassment and poor race relations to voter suppression and extrajudicial killings , even the U.S. falls short in turning these lofty standards into widespread reality. Why? Eleanor Roosevelt, one of the declaration’s primary architects, wrote that human rights must begin close to home, which is “the world of the individual person; the neighborhood he lives in; the school or college he attends; the factory, farm or office where he works.” Educating individuals on these concepts can be a daunting task, and no one group is assigned […]

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