Valentine’s Day. After two years of various degrees of lockdown, you have developed a good online ordering and delivery service. It’s time to get your share of the jackpot. Restaurants were closed or restricted for a couple of years. Then the world reopened. Many people remain cautious. They offer business potential too. Some might stay in their bubble, but loved ones will expect their better halves to make an effort. Here are 10 gifts they might consider. Which could you deliver through your local retail business? 1. Cards . You have a website. You stock greeting cards. If not, you do now. You put images on your website, observing the legal guidelines. Customers who wear masks and avoid crowds can drive up and collect their cards. This is ideal if you are selling them something already. It’s added business. 2. Candy. We are talking high end chocolates. “Belgian” is a magic word. You tie in with a local chocolate shop. You offer one or two choices on your website. You take orders. They are shipped by the local chocolatier or you do your own fulfillment if they are overwhelmed. You split the profits with your new friend. 3. Flowers […]

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Almost Friday! Dan DeFrancesco in NYC, and I’m celebrating the end to our long national nightmare: Tom Brady’s retirement. If you really hate yourself, here are 23 photos from his career along with 20 things you probably didn’t know about him. On tap, we’ve got stories on another executive departing Goldman Sachs’ Marcus , Europe’s hottest fintechs , and some photos of that crazy rooftop pool in Singapore . But first, leave Blackstone alone ! If this was forwarded to you, sign up here . Download Insider’s app here . Blackstone CEO Stephen Schwarzman 1. Nothing to see here! Blackstone’s real-estate business is literally fine, everyone. Yes, the private-equity giant had to limit investors from pulling their money out from the $69 billion Blackstone Real Estate Income Trust (BREIT) in December. And yes, it’s true that Blackstone turned to the University of California to bolster the fund by announcing not one , but two , investments within the course of a month, totaling $4.5 billion at very generous terms. And yes, it’s also true that Blackstone had to tell investors again on Wednesday that investors were pulling money from BREIT. The fund hit its monthly redemption limit in January, […]

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Hear why this teacher says schools should embrace ChatGPT, not ban it CNN — OpenAI, the company behind ChatGPT, announced on Wednesday it is piloting a $20 monthly subscription plan that offers users priority access to the AI chatbot even during peak times. The paid plan, called ChatGPT Plus, comes two months after the tool was released publicly and quickly went viral , thanks to its ability to generate shockingly convincing essays in response to user prompts. Real estate agents say they can’t imagine working without ChatGPT now Many people who wanted to test the tool have been locked out or joined the waitlist. Now, anyone who signs up for a subscription will benefit from faster response times, and priority access to new features and improvements. The tool will remain free for the general public, however. “We love our free users and will continue to offer free access to ChatGPT,” the company said in a blog post. “By offering this subscription pricing, we will be able to help support free access availability to as many people as possible.” ChatGPT Plus will be made available first in the United States and other countries soon after, according to the company. OpenAI […]

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Whether you are in manufacturing, retail, marketing, healthcare, or business, artificial intelligence and automation practices are starting to shift the way industries operate. A Deloitte study recently found that over 50% of organizations are planning on incorporating the use of AI and automation technologies in 2023. While many top executives are worried about the risks of AI usage, other high-achieving organizations are adopting new tech-savvy operational processes. A survey of Global 500 companies found that leaders choosing to invest in AI and automation business tools and software solutions expect to see significant growth within the next few years. How business practices are expected to change in the new year as artificial intelligence and … [+] getty To help your business prepare for a successful year, here are some predictions of how business practices will evolve in 2023. Changing the Nature of Work As businesses continue to find their comfort zone in today’s changing work environments, we are seeing the tremendous changes that AI and automation are bringing to industries worldwide. According to PwC’s Global Artificial Intelligence Study , we can expect to see 45% of the $15.7 trillion in global economic gains by 2030 as the result of AI […]

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Today’s columnist, Rob Gurzeev of CyCognito, writes that companies need to think of cyber risk as business risk. (Credit: Stock Photo, Getty Images) The line between business risk and cyber risk has been obliterated. Increasingly, companies can separate risk models built around financial uncertainty and legal liabilities from IT security risk. For risk management officers, that translates to keeping the company chief security officer on speed dial. Cyber risk as business risk isn’t new. For example, cybersecurity compliance has long been a reality for organizations. But trends tied to a new post-pandemic reality for employees and businesses will accelerate the blurring of cyber and business risk lines this year.  Those trends include the pace of globalization, heavy reliance on supply chains, new adversarial tactics and geopolitical targets, cloud dependencies, an economic downturn and the slow migration of employees back to the office. It’s a long list, but the confluence has forced organizations to look beyond traditional definitions of risk exposure, assessment, mitigation and monitoring. Meanwhile C-level security and risk leaders are taking a fresh look at cybersecurity liabilities as regulators take a more aggressive stance against companies that they believe are being negligent when it comes to breaches. There are […]

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Revenue in Q4 2022 decreased 9%. Excluding COVID-19 antibodies, revenue in Q4 2022 increased 5%, or 10% on a constant currency basis, driven by volume growth of key growth products, partially offset by lower Alimta revenue. Excluding COVID-19 antibodies, total worldwide volume in Q4 2022 increased 13%. Pipeline advancements included FDA approval of Jaypirca for mantle cell lymphoma under the accelerated approval pathway and FDA and EMA acceptance of regulatory submissions for Jardiance for adults with chronic kidney disease. Additionally, the company initiated a rolling submission in the U.S. for tirzepatide in obesity and the FDA granted Fast Track designation for tirzepatide in obstructive sleep apnea. Key growth products – consisting of Verzenio, Mounjaro, Jardiance, Taltz, Trulicity, Retevmo, Emgality, Cyramza, Tyvyt and Olumiant – grew 21% and represented 70% of revenue in Q4 2022. Q4 2022 EPS increased 13% to $2.14 on a reported basis and decreased 4% to $2.09 on a non-GAAP basis, both inclusive of $0.23 of acquired IPR&D and development milestone charges. 2023 EPS guidance updated to be in the range of $7.90 to $8.10 on a reported basis and $8.35 to $8.55 on a non-GAAP basis. INDIANAPOLIS, Feb. 2, 2023 /PRNewswire/ — Eli Lilly and […]

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Rohit Kapoor, CEO of ExlService, cofounded the firm after losing his job as a banker. (ExlService) Hard work is part of it. But winning and being successful is also about outsmarting the competition , says Rohit Kapoor, CEO of analytics and digital solutions company ExlService ( EXLS ). Playing smart is Kapoor’s winning formula. It’s been that way since his days as a squash player growing up in India. Kapoor, 57, says he was a skinny kid lacking in athletic muscle. But he was also competitive. "I like to win," he told Investor’s Business Daily. He knew he couldn’t beat bigger, stronger, faster, and more-skilled squash players. (Despite practicing three hours a day.) Instead, he fashioned a winning game plan that neutralized his opponents’ athletic edge. His strategy? Win points without having to engage in long, multi-shot rallies. "I taught myself to serve in a way that I would win the point automatically," Kapoor said. Apply Life Lessons To Business Since founding ExlService in 1999, Kapoor has used the work smart formula to fuel growth. "That’s something I still practice," Kapoor said. "We’ve chosen very carefully the types of businesses that we want to play, where we can create […]

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Martha Weidmann is the CEO and cofounder of NINE dot ARTS , an award-winning art consulting and creative placemaking firm. getty The workplace has gone through significant change in recent years. In-office presence, once a staple of most jobs, was massively disrupted when Covid-19 hit. As organizations continue to grapple with the impact of a “work from anywhere” reality, they must also contend with the state of their corporate culture and its existence beyond physical walls. As we emerge from the pandemic, building human connections has never been more important. A recent study by Enboarder (download required) found that 94% of employees are more productive when they feel connected to their colleagues . Employees who feel connected are half as likely to leave within the next year and four times as likely to say they are very satisfied at their jobs. Compare this to other studies that report toxic corporate environments to be far more impactful than compensation when it comes to an employee exiting their job. The reality is that human connection is essential to business success. Here are a few ways organizations can nurture and promote human interaction, even in a remote and hybrid world. Prioritize employee […]

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cloud written on blocks As organizations continue to move to the cloud , some companies are benefiting more than others, according to management consulting firm PwC’s 2023 Cloud Business Survey . The report found that 78% of corporate leaders surveyed by PwC stated that cloud has been adopted in most or all aspects of their business. Simply adopting cloud, however, is not enough for an organization to be what PwC refers to as a "cloud-powered" company. Only 10% of organizations surveyed by PwC fit into the cloud-powered category. The so-called cloud-powered companies have experienced more benefits, including improved decision-making, productivity, cyber posture, and cost savings. PwC’s research found that there are four primary characteristics that define a cloud-powered organization: Holistic and unwavering approach to cloud C-suite collaboration from the get-go Formal data, analytics, and AI strategy Focus on trust and controls "Cloud-powered organizations are those that are reinventing their business through cloud, experiencing fewer barriers to reach its value, and expect revenue growth of 15% or greater despite the current business environment," Danielle Phaneuf, partner, Cloud & Digital Strategy at PwC, told ITPro Today . PwC 2023 Cloud Business Survey Details Cost Management Techniques Among the findings in the […]

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Founding CEO Edie Fraser to Assume Responsibilities as Chair of the Board of Directors WASHINGTON, Feb. 2, 2023 /PRNewswire/ — The Board of Directors of Women Business Collaborative (WBC) announces their unanimous selection of current Chief Operating Officer Gwen K. Young to serve as the organization’s next Chief Executive Officer. Young succeeds Edie Fraser who will transition to Chair of the Board and will remain active in WBC. Both will assume their new roles on March 13, 2023, at the annual board meeting. Continue Reading Women Business Collaborative Announces Appointment of Gwen K. Young as Chief Executive Officer. Founding CEO Edie Fraser to Assume Responsibilities as Chair of the Board of Directors Left, Edie Frasier, CEO of WBC; Right Gwen Young, COO of WBC Founded in 2019, Women Business Collaborative (WBC) has quickly grown into the unprecedented alliance of over 80+ women’s business organizations and hundreds of business leaders committed to achieving equal position, pay, and power for all women and business. Through collaboration, advocacy, action, and accountability, WBC mobilizes thousands of diverse professional women and men, business organizations, and public and private companies to accelerate change. "I am extremely humbled and deeply honored that the Board has placed […]

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