The only list that measures privately-held company performance across multiple dimensions—not just revenue. August 25, 2017 Add to Queue Email Nina Zipkin Image credit: Shutterstock –shares 2019 Entrepreneur 360 List Would You Be Thankful or Horrified If the Emails You Got While on Vacation Disappeared? Arianna Huffington really wants to make sure her employees unplug. 2 min read Next Article Americans are known for being truly terrible at taking time off. A study from careers site Glassdoor found that the average employee reported only taking 54 percent of the vacation days they had available to them. More telling is that 66 percent of those polled said that they worked while they were away.There are tons of tools out there to make your inbox a little less daunting, but if you’re always checking email, even if you’re supposed to be relaxing, that stress will still follow you to whatever beach you’ve parked yourself on.Arianna Huffington, the founder and CEO of wellness brand Thrive Global, has long been a proponent of unplugging to the point of creating on-the-nose merch — such as a $50 charging bed for your phone. Now, she’s introduced an email office tool called Thrive Away that she described in a post for Harvard Business Review.Related: The Impact Of Chronic Work Stress On Your Employees“While you’re on vacation, people who email you get a message, letting them know when you’ll be back. And then — the most important part — the tool deletes the email,” she wrote.” If the email is important, the sender can always send it again. If it’s not, then it’s not waiting for you when you get back, or even worse, tempting you to read it while you’re away.”While most companies likely won’t implement an office-wide system like Huffington’s, it’s a helpful reminder that if you don’t respond to that email right away, the world won’t come to an end. And as a business owner, if you want your employees to stay healthy and productive, it’s on you to encourage them to actually take that time away for themselves — and leave their inboxes behind. Entrepreneur Staff Staff Writer. Covers leadership, media, technology and culture. Apply Now »
Tesla Tesla Model 3 Moves to 24/7 Production Yesterday, it was revealed that Tesla intended to stop Model 3 production for up to five days. The reason given was to improve automation. However, a letter sent by Elon Musk to employees reveals the real reason for the pause in production: Tesla is upgrading the plant for round the clock production from next week.As Electrek reports, in the letter Musk confirmed that Model 3 production had reached 2,000 per week, which is double that attained in January. The goal is to reach 5,000 per week no later than June 30, but in order to achieve that and allow for a margin of error, Musk is setting the new goal of 6,000 per week by that date.Going from 2,000 to 6,000 in just over two months would be very optimistic if not for the fact Tesla is also introducing another shift to the production line, meaning the Model 3 will be manufactured 24/7 in Fremont. Tesla’s general assembly, body and paint teams will all add a third shift and require more people. Tesla is expecting to employ an extra 400 people a week for several weeks across its entire operation to help support that.The letter goes on to talk about improving the build precision of the Model 3 to exceptional standards and how Tesla needs to become profitable. With that in mind, “we will be far more rigorous about expenditures” and all contracts with third-parties will be reviewed. Musk describes the contractor situation within Tesla as being like a “Russian nesting doll” and that some perform “worse than a drunken sloth.” So expect some big changes on that front soon.There’s a suggestion of one more pause in production during May for further upgrades, but beyond that Model 3 production just got serious. Six-thousand by the end of June does indeed look achievable if 24/7 production works without a hitch. That also means the dual motor version could still happen in July. Next Article Fireside Chat | July 25: Three Surprising Ways to Build Your Brand Matthew Humphries Elon Musk is serious about reaching 6,000 cars per week by June. Learn from renowned serial entrepreneur David Meltzer how to find your frequency in order to stand out from your competitors and build a brand that is authentic, lasting and impactful. Image credit: via PC Mag Add to Queue This story originally appeared on PCMag –shares Senior Editor 2 min read April 18, 2018 Enroll Now for $5
Journalist Benjamin Kabin Technology July 17, 2013 Free Webinar | July 31: Secrets to Running a Successful Family Business Opinions expressed by Entrepreneur contributors are their own. Add to Queue Register Now » Discount-of-the-day site LivingSocial is closing its Fifth Avenue office in New York City and eliminating its local events division, leaving 30 full-time staffers without jobs.Remaining New York staffers in its sales and advertising department have been asked to work from home. Once all local events in New York are completed by Oct. 1, the company plans to lay off dozens of part-time employees.The news, confirmed by TheNextWeb, comes less than a month after the company shuttered its Seattle office, where it also asked displaced employees to work remotely.The deals site stressed that these changes are not part of a cost-cutting effort but “a decision geared towards achieving profitability.” LivingSocial said that larger events have been more lucrative than the niche ones offered by the local-events division. Meanwhile, the company said it plans to create 50 new jobs for its call center in Tucson, Ariz.Last November, LivingSocial laid off 400 employees, mostly in the U.S., in an effort to “streamline” its sales and editorial departments. Groupon, another big daily discount site, saw massive layoffs in 2012 as well, cutting 648 jobs over a six-month period.Related: What Happens When Startups Grow Too Fast –shares Struggling Deals Site LivingSocial Kills Events Group, Closes New York Office Image credit: blog.buyometric.co.uk Next Article 1 min read Learn how to successfully navigate family business dynamics and build businesses that excel.
Add to Queue Reuters Image credit: Salesforce June 1, 2016 Register Now » This story originally appeared on Reuters Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. Next Article Salesforce –shares Salesforce to Buy Demandware for About $2.8 Billion Cloud-based software maker Salesforce.com Inc. said it would buy Demandware Inc., whose software is used by businesses to run ecommerce websites, for about $2.8 billion.The deal will help Salesforce open a new front as it look to take away more market share from traditional software providers such as Oracle Corp. and SAP AG, both of which already offer cloud-based ecommerce services.The ecommerce market has been growing at a blistering pace as retailers expand their online presence, boosting demand for software that helps manage functions such as payment processing and inventory management.Salesforce’s cash offer of $75 per share represents a 56.3 percent premium to Demandware’s Tuesday closing.Demandware’s shares, which have fallen about 21 percent in the past year, were up 52.1 percent at $73 in premarket trading on Wednesday. Shares of Salesforce, considered a barometer for the cloud-computing industry, slipped 2 percent.Demandware, whose customers include Lands’ End Inc., L’Oreal SA and Marks and Spencer Group Plc., has reported sales growth of more than 30 percent for the last 10 quarters.Global spending on digital commerce platforms is expected to grow over 14 percent annually to about $8.5 billion by 2020, Salesforce said, citing research firm Gartner.The deal, slated to close in Salesforce’s second quarter ending July, is expected to increase the company’s 2017 revenue by about $100 million-$120 million.Salesforce had forecast fiscal 2017 revenue of $8.16 billion-$8.2 billion in May.BofA Merrill Lynch is Salesforce’s financial adviser for the deal, while Goldman Sachs is advising Demandware.(Reporting by Anya George Tharakan and Kshitiz Goliya in Bengaluru; Editing by Saumyadeb Chakrabarty) 2 min read Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals
Cleo’s Latest Release Helps Organizations Optimize the Order-To-Cash Process to Drive Increased Value Across Their External and Internal Ecosystems for Unified Commerce and Trading Partner TransactionsCleo, the global category leader in ecosystem integration software, announced general availability of the latest Cleo Integration Cloud platform release, which strategically builds out e-commerce innovations to further optimize critical order-to-cash, procure-to-pay, and other supply chain processes driving the modern enterprise.@CleoNeverStops announces enhanced #ecommerce integration capabilities in Spring Release to deliver seamless #ecosystem experiences #ecosystemintegrationCleo’s latest release focuses on driving seamless experiences for internal user personas and external trading partners when delivering end-to-end transactions. To differentiate their brands and stay competitive, businesses must deliver reliable, accurate, and timely data for all process stakeholders – inside and outside the company – and the latest Cleo Integration Cloud enhancements support that journey. New capabilities bring additional visibility through real-time operational insights and “smart” integration functionality to help businesses accelerate creating their business-critical workflows to rapidly meet customer expectations.Marketing Technology News: Zeno Media and ADORA Cooperate on Strategic Marketing and Mobile App Content for Diaspora ListenersCleo Integration Cloud – Spring 2019 Release HighlightsCleo Integration Cloud is a single-platform ecosystem integration solution available as a service in public and private cloud deployments that enables companies to connect, transform, integrate, orchestrate, and analyze end-to-end business processes, such as order-to-cash and procure-to-pay, across internal and external ecosystems of applications, systems, marketplaces, and trading partners. Highlights of the latest release include:Smart Integrations™: Cleo’s latest release enhances an organization’s capability to optimize end-to-end business processes by using Cleo’s Smart Integrations – prebuilt or templatized workflows that enable organizations to rapidly onboard applications by automating multi-enterprise integration components of critical end-to-end business processes such as order-to-cash, procure-to-pay and many others.Persona-based insights: Real-time visibility of content and business context for a variety of internal and external user personas. Cleo Integration Cloud provides an easy way to consume integration workflow data without needing to create custom reports or manually collect data from multiple systems to get consolidated views – regardless of a user’s role.Executive teams get a global view of all revenue-generating transactions in a single, consolidated dashboard to optimize and uncover new growth opportunities.Line-of-business managers can onboard trading partners faster, assess the health of existing relationships quickly, and proactively act on errors through “one-click” transaction reprocessing.Integration specialists and technical teams can easily manage the key revenue driving integrations for the organization, with the ability to view, interact, and manage end-to-end integrations that connect business partners, applications, and data to their internal enterprise ecosystems.Customers, partners, and suppliers can now be given access to transaction data directly in the Cleo Integration Cloud platform. The intuitive user experience enables proactive issue resolution and centralized exception management visibility – making Cleo Integration Cloud the industry’s first integration platform supporting ecosystem enablement and accelerating collaboration for external constituents. Application integration connectors: Cleo has added a host of new application connectors designed to accelerate time-to-value by automating key parts of the order-to-cash or procure-to-pay processes. WooCommerce, SAP S/4 Hana Cloud, and others are the latest additions to Cleo’s expansive connector library. Such connectors further improve a company’s ability to quickly integrate end-to-end business processes with off-the-shelf support for e-commerce, payments, finance and ERP applications that span multi-enterprise ecosystems.Marketing Technology News: Adaptive Ad Systems Completes Installation of New Ad-Insertion Equipment on National Cable TV Systems Adds 40,000 Additional SubscribersThe Ecosystem Integration ImperativeA modern approach to business, ecosystem integration prioritizes the designing, deploying, operating, and optimizing of end-to-end processes between internal and external systems, customers, and partners that drive core revenue generation. The latest updates to Cleo Integration Cloud further underscore the value of an “outside-in” approach to understanding how and where value can be created for businesses in any industry in which order-to-cash, procure-to-pay, and other end-to-end processes are critical for growth.What Cleo customers get from these enhanced capabilities, then, are more predictable business outcomes, better trading partner relationships, and the ability to provide better experiences for all stakeholders, inside and outside the company. Cleo customer Charlie’s Produce, the largest independent west-coast wholesale produce distributor, was looking to modernize its legacy solutions and better serve its customers and vendors.Charlie’s Produce EDI Analyst Louie Brothers said the company was looking for a better way to handle non-EDI transactions and speed up trading partner onboarding. That’s when it migrated its B2B integration to Cleo Integration Cloud. “By partnering with Cleo, we were able to migrate trading partners from our legacy system to the cloud and can onboard new partners more quickly,” he said. “We can now accept and transform almost any data format, and we have real time visibility into all data transactions. Cleo Integration Cloud provides the scalability, reliability, and 24x7x365 support to ensure we are accelerating end-to-end business processes and proactively meeting all new and existing customer requirements.”Jason Bloomberg, president of Intellyx, an industry analyst firm familiar with Cleo’s offerings, said, “Cleo offers pre-built core business processes like order-to-cash and others, thus giving its customers a straightforward approach to optimizing their core process while solving both B2B and internal integration problems.”Cleo CEO Mahesh Rajasekharan highlighted the need for businesses to deliver top quality unified commerce experiences, especially as manufacturers, retailers, and other organizations adopt new sales channels, expand their reach, and continue to compete with the “Amazon effect.”Marketing Technology News: Leading Associations Turn to ON24 for Member Engagement and Revenue Growth“All told, our latest release of Cleo Integration Cloud is packed with new capabilities and is without question our most innovative to date,” Rajasekharan said. “Our focus on user experience for internal and external personas enables Cleo customers to deliver unified commerce in ways that create value throughout their ecosystem. They’re effectively able to rise up and meet the challenges and opportunities that the Amazon effect has created for every industry, and they’re providing experiences that not only meet but exceed the expectations of all their key integration process stakeholders.” Cleo Integration Cloud Enhances E-Commerce Integration Capabilities to Deliver Seamless Ecosystem Experiences Business WireJune 24, 2019, 6:38 pmJune 24, 2019 CleoCleo Integration Cloude-commerce innovationsecosystem integration softwareMarketing TechnologyNews Previous ArticleCloudscene Launches Enterprise Tool to Find Cloud Connectivity Routes WorldwideNext ArticleWPP and iHeartMedia Launch ‘Project Listen’
Baidu Showcases Major Advances in AI Assistant Ecosystem with DuerOS 5.0 and New Product Innovation Globe NewswireJuly 3, 2019, 12:27 pmJuly 3, 2019 Baidu, Inc. unveiled DuerOS 5.0, the latest iteration of its conversational AI system, at Baidu Create 2019 in Beijing. The upgrade advances the development of its AI assistant technology that powers a rapidly-expanding ecosystem of smart hardware products. Baidu also showcased three new DuerOS-powered smart speaker additions to its product lineup, further strengthening its innovative consumer offerings.Baidu’s upgraded conversational AI assistant, DuerOS 5.0, pushes the burgeoning AI technology forward with two major new features. Integrating AI into real-world applications, a new ‘full-duplex’ feature allows Xiaodu to respond without the need for a wake word, creating a continuous conversation experience for users. Further underscoring Baidu’s pioneering vision for exceptional user experiences, DuerOS 5.0 also introduces a key feature that enables Xiaodu to recognize in sync when to reply and execute tasks and when to just listen and not to respond or react. The overall experience brings a seamless integration of AI to life, generating a more natural human-machine interaction.Robin Li, Baidu’s co-Founder, Chairman and CEO, took to the Baidu Create stage and amazed attendees with a demo of Xiaodu’s new “continuous conversation” ability and its “super-high IQ”. Li said that, with the two new features, Baidu has taken a huge step forward in voice interaction experience to realize smooth human-machine communication without the hassles of constantly having to wake up devices or getting interference from conversation.Marketing Technology News: Constant Contact Unveils New WooCommerce and Shopify Offerings at 2019 Internet Retailer ConferenceKun Jing, Vice President of Baidu and General Manager of Baidu Smart Living Group (SLG), officially kicked off the launch of DuerOS 5.0 and the three new Xiaodu series smart speakers at the conference. In his keynote, he said that, as of June 2019, the DuerOS voice assistant install base has surpassed 400 million and monthly voice queries on DuerOS exceeded 3.6 billion (not including those from Baidu’s apps).As an entrance and hub for a connected world, smart speakers hold an increasingly integral position in Baidu’s smart living revolution. The launch of three new Xiaodu smart speakers further accentuates Baidu’s efforts to drive transformation in this fast-growing segment. The new devices include Xiaodu smart speakers “King Kong” , “Play” and the “Xiaodu at Home 1C 4G” battery version. All three devices are priced competitively at RMB199, demonstrating Baidu’s commitment to enabling more families to enjoy smart living affordably.Xiaodu smart speaker “King Kong”, rolled out in early June, brings a premium and sophisticated design, complete with infrared control and DLNA projection screen technology that can instantly turn the device into a TV. Xiaodu smart speakers have also joined forces with iQiyi, whose AI projection technology powers a voice-controlled video experience. Responding to user demand for a more expansive smart speaker experience, Baidu developed its first mobile smart speaker, “Xiaodu at Home 1C 4G” battery version. The portable device runs without needing to connect to a power source, supports Nano SIM cards and can even serve as a mobile hotspot, allowing users to take Xiaodu’s AI with them anytime, anywhere. Xiaodu smart speaker “Play” was specially designed with innovative features that cater to younger generations.Baidu’s technological strength in AI software-hardware integration has quickly translated into commercial success. According to data from three independent market research firms including Canalys, shipments of Xiaodu smart speakers ranked third globally and first in China for Q1 2019.Marketing Technology News: CoSchedule Launches Marketing Suite to Transform the Way Marketers WorkUnderpinning the company’s commitment to openness, Baidu’s Xiaodu Skills Open Platform has also seen explosive growth, with the number of skills growing by 300%, the skill PV by 1,926,523%, the skill types by 126% and the next-day skill retention rate by 200% between May 2018 and May 2019. Currently, the Xiaodu Skills Open Platform counts more than 32,000 developers and over 2,000 wide-ranging skills.Further showcasing Baidu’s ecosystem of offerings, Kun Jing announced the official launch of Xiaodu VIP, which offers two joint membership models – ‘Xiaodu x iQiyi’ and ‘Xiaodu x brand’. The new VIP membership is part of Baidu’s business transformation that harnesses the power of user experience through AI by allowing users and brands to interact effortlessly.Baidu Create 2019 provided an end-to-end demonstration of how Xiaodu’s implementation of AI technology is having a profound impact on Baidu’s leading position in the intelligent transformation of industry. Xiaodu will serve as a pioneer in shaping the future of the smart living as Baidu continues to deliver smart interactive technology and product innovation to respond to the needs of its users.Marketing Technology News: Connected TV is Transforming the Digital Advertising Ecosystem: ExtremLatest Video Benchmarks Report Shows 49% of Video Ad Impressions Going to CTV AIBaiduDuerOS 5.0Marketing TechnologyNewsRobin LiXiaodu x iQiyi Previous ArticleYouTube Gaining Popularity With Generation Z as Demand for Video Content Rises, Facebook’s Popularity DecliningNext ArticleHitachi High-Tech Group to Lead Japanese Distribution of SparkCognition’s Automated Machine Learning Modeling Product, Darwin
Citation: Amazon hits trillion-dollar milestone with focus on the long game (Update) (2018, September 4) retrieved 17 July 2019 from https://phys.org/news/2018-09-amazon-tops-trillion-stock.html Amazon Spheres, in Seattle, Washington, is part of the home of the online giant, which is seeking a second North American headquarters Explore further Amazon CEO and founder Jeff Bezos, seen with his wife MacKenzie Bezos, has become the world’s richest person based on his company stake but has also created a private space exploration firm and has purchased the Washington Post newspaper Amazon’s market value hit $1 trillion on Tuesday, the second company after Apple to hit the milestone, following an incredible journey for the internet giant which has kept a long-term focus since launching as an online bookseller two decades ago. For example, Amazon’s lucrative cloud computing business is built on technology infrastructure that the company needed to run its own operations.Investing in warehouses, trucking, drones, shipping and other distribution systems not only enables Amazon to drive down costs they position the company to compete with the likes of FedEx and UPS.Buying the Whole Foods grocery chain last year got Amazon established real world outlets while putting its delivery and retail smarts and systems to work in the brick-and-mortar world.Drugs and digital adsPrescription medicine would be a natural market for Amazon to expand into, according to Enderle. Meanwhile, Amazon is reportedly beefing up its digital advertising business to better compete in an online ad market dominated by Google and Facebook.In the past quarter, Amazon posted its best-ever profit of $2.5 billion as Bezos, whose stake in the company has made him the richest person, highlighted the importance of digital assistant Alexa that powers Amazon electronics along with cars, appliances and other connected devices. According to the research firm eMarketer, Amazon’s e-commerce revenue will grow more than 28 percent this year to reach $394 billion, and will account for 49 percent of US online retail sales and nearly five percent of all retail spending.One of Amazon’s revenue drivers is its Prime subscription service which offers streaming video and music, free delivery and other perks and which has more than 100 million members worldwide.Arrogance trapSome fear Amazon is becoming too dominant a force, especially in retail, sparking antitrust discussion even as the company keeps expanding globally and searches for a second headquarters in North America.”It wasn’t that long ago that people were freaking out about Walmart, and Amazon basically stepped on Walmart,” analyst Enderle said.”What Amazon means is disruption and people don’t like to be disrupted.”Critics of the company include US President Donald Trump, who has expressed ire at the Bezos-owned Washington Post newspaper that has published stories the president didn’t like.Bezos bought the Washington Post five years ago for $250 million from his personal funds.While his skills could be advantageous in the content-oriented business, getting into news comes with the risk of displeasing politicians.”The Post was a mistake because it results in him going to war with people he wouldn’t otherwise go to war with,” Enderle said.Amazon’s huge cloud computing segment powers systems for government clients, and contracts could be influenced by politics.Amazon must also guard against the kind of arrogance that can undo companies that come to dominate markets, according to the analyst.”If Amazon does have a downfall, it will be arrogance in dealing with the customer,” Enderle said. Amazon powers up profits as footprint grows Early gains lifted Amazon’s value to $1 trillion only briefly, with the final close at $2,039.51 giving it a value of $995 billion.Amazon’s journey from an online bookseller in a garage to a global e-commerce powerhouse has centered on obsession with the long road.The company initially incorporated as “Cadabra” by Jeff Bezos in 1994 and backed with money borrowed from his parents joined Apple as the second US technology firm to be valued at $1 trillion on Tuesday.Apple crossed the trillion-dollar value threshold a month ago and has remained above it. Amazon became the second US company at that eye-popping value.GlobalData Retail managing director Neil Saunders called Amazon’s valuation achievement “extraordinary” and considered it a sign of the company’s potential.”Despite its size and scale, there is still something young about Amazon,” Saunders said.”Amazon is really only just getting started.”Created in a garage in a suburb of Seattle, Washington, the company renamed “Amazon” sold its first book—Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought by Douglas Hofstadter—in mid-1995.By the end of that year, Amazon was selling books online throughout the US. Amazon went public in early 1997.The company for more than a decade put growth over profit, investing heavily in warehouses, distribution networks, and data centers.”Every cent they made they put back in the company,” said independent technology analyst Rob Enderle. “They kept their eye on the prize, which was initially to take over most of commerce.”Innovation sans scandalSaunders said Amazon’s success comes from the fact that it innovates unlike any other.”This heady pace of creativity is the key reason why it stays several steps ahead of the market and is able to generate so much growth,” Saunders said.Bezos has kept firm control of Amazon, steering clear of hedge fund investors inclined to short-term tactics aimed at getting share prices to jump.The founder and chief executive also avoided scandals or other distractions, keeping revenue and costs close enough to manage and easing into “adjacent markets” that play into Amazon strengths or interests, according to Enderle. © 2018 AFP Amazon has expanded from its modest origins two decades ago as an online bookseller to a global powerhouse worth $1 trillion This document is subject to copyright. 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