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Consumer Confidence Index: Strong Force Behind Economic Change 2023

Digital Transformation is tough, even for seasoned technologists. This is because it is a transformation of an organization at its core. Everything from culture, technology, ideation, development, integration, delivery, and support needs to fundamentally shift to be more customer-centric, service driven, automation first and experimental in nature. No wonder that a lot of organizations take a long time and a lot of investment to see ROI from their digital transformations. Here are 5 signs that your digital transformation might be in trouble. Culture mistrusts the core digital transformation team You are spawning new initiatives before completing previous ones Decisions are top down with low accountability at the leaf nodes You tend to focus on technology stacks with little focus on customer value Inter-organization politics stifles cross-organization scenarios Culture mistrusts the core digital transformation team It is almost impossible to make an entire organization aware and participate in digital transformation at the same time. There are exceptions but in our experience, starting out with a core digital transformation team is a much better strategy than otherwise. This team should be enabled to attack a limited set of important and business relevant problems, build cutting-edge solutions and use them as examples to train and evangelize digital transformation strategies to the rest of the organization. However, the more entrenched an organization in the old way of doing things, the harder they might this central team. Resistance can be active and passive such as refusal to share data or provide the relevant context of the problem. An organization that does not set up the early crusaders for success almost always has a much harder time showing value from their digital transformation activities. You are spawning new initiatives before completing previous ones Executing on a digital transformation strategy is much harder than defining the strategy especially fo

Ten Tips to Help You with Your Kaizen Continuous Improvement Strategy The Kaizen methodology encourages ongoing efforts to ensure continuous improvement throughout a facility. This improvement can come in many forms including waste elimination, improved efficiency, safer work environments and much more. To simply say that a facility is employing Kaizen strategies, is essentially meaningless if you don't have any concrete action items you are following. Whether you're just getting started or you are looking for ways to reinvigorate a Kaizen strategy that is not effective, the following ten tips will be very helpful. Each one can give you ideas on what you can do encourage improvement and allow that improvement to grow and expand long into the future. Tip #1 - Harness the PDCA Strategy One of the key concepts used in Kaizen is the "Plan-Do-Check-Act" strategy. This is a quality model that can be used when implementing any type of improvement in the facility. As you might expect, the PDCA strategy is a cycle of ongoing improvement that should never end. The steps are as follows: Plan - This step is where you identify an area where improvement is possible and make an initial strategy on what chance should be made to realize the desired improvements. Do - Implement the change, but only on a small scale. This may mean having one department make the change in some situations or for larger corporations, having one facility make the update. During this step it is also very important to be gathering as much data regarding the change so it can be properly evaluated. Check - Review the results of the change including the data that was collected. Looking to see if they had the desired impact or not is critical to know whether you should move forward with rolling the change out to other areas. Act - IF the data in the check step points to a success, it is time to push the change out on a wider scale. Once the change has been successfully implemented you wi

Confined Space Entry Permits - Safety Guidelines Hidden In The Cracks Dangerous, confined spaces are the stuff of horror films and cringe-worthy moments on screen, and there's a reason. Depictions of people trapped in a confined space not only play on a natural human tendency toward claustrophobia, but they also reflect a very real danger in the workplace. As such, OSHA has implemented a system of "confined space entry permits," hoping to help increase worker awareness and avoid common types of injury and death associated with working in a confined space. In this blog post, we'll cover everything from the definition of a confined space, to the details of a fully developed entry permit system. What Is A Confined Space? While the question may seem elementary, OSHA does adhere to strict definitions for confined spaces; this is important to know as a safety professional, as you'll need to be aware of which spaces require you to adhere to OSHA protocol and which don't. Basically, a confined space has to be a place that's large enough for a person to work and perform their job within, but is not intended for long term occupancy by workers. The third and final criteria is that the space has limited means of entry and exit. In short, the space is a place that someone can fit and work in for a limited time, but which impairs mobility and might be difficult to enter and, more importantly, exit quickly. What Is A Confined Space Entry Permit? Sometimes, confined spaces have additional potential risks and hazards that go above and beyond just their shape and size. In these cases, OSHA requires that permits are filed before a worker enters the space. Here are OSHA's additional criteria that indicate the necessity of a permit: The space contains or could contain a hazardous atmosphere The space is comprised of or contains a material that could engulf a worker who enters. The space has any kind of "internal configuration" that might present an additiona

Introduction to Operational Excellence For most of us, Lean is a common concept by now. By extension, we're also familiar with the idea of continuous improvement; the way we run our business should ultimately be reflective of a chain of efforts to change for the better and reach more perfect efficiency. That's all well and good, but we've seen more and more businesses shying away from simply relying on "continuous improvement" in recent years and instead throwing around the term "operational excellence." While the two terms do ultimately work in tandem, and even though there's some overlap, it's important to understand where the two differ. A good way to think about operational excellence is as the answer or endgame to your continuous improvement actions, it's a state you want to attain through your workplace improvement endeavors. Unlike continuous improvement, however, where you're simply trying to 'always get better', operational excellence has a more clearly defined point where it can be said you've reached your goals. One of the biggest criteria for operational excellence is a horizontal and vertical (so throughout all levels and teams of a company) understanding of how workflow should look and how to correct problems when something isn't flowing correctly. This creates operational excellence because employees are now able to solve their own problems without relying on specialists or management, drastically decreasing downtime and putting them into a preventative rather than a reactive mode when solving problems. Furthermore, operational excellence then frees up your management and executives to focus on advertising and brand/market expansion planning and projects. In short, operational excellence allows a company to achieve continual improvement while still having the resources to put an emphasis on bottom line and market share growth. Operational Excellence Question Posed Sounds pretty awesome, right?! We think so, but you

In the U.S News and World Report online article, "Corporate Outlooks Worse than During Financial Crisis," author Danielle Kurtzleben explains that the Thomson Reuters research company recently reported that almost a 5 to 1 ratio of the S&P 500 companies were reporting negative earnings guidance, which indicates either poor earnings projections due to real reasons, or pure pessimism. Kurtzleben also ponders if these reports may be from companies dialing back their goals, in order to exceed them at the end of the quarter. My first inclination is that the latter is more of the culprit. Companies are "lowering the bar" so they can look like they've exceeded their expectations, and so economic reports will secure some semblance of investor confidence for their stock. It's smart, but only if they all do it en masse, like we're seeing here. This way, it will give the sense that the entire market is doing poorly, and the company HAD to lower expectations.

The Occupational Safety and Health Administration or OSHA is dedicated to the health and well-being of employees while on the job. Day in and day out employees are exposed to potentially dangerous situations based upon their specific job functions. Whether a person is employed at a manufacturing facility, an auto body shop, or within a large warehouse, OSHA regulations aim to provide the warnings needed to keep hazards at a minimum and keep employees informed about their surroundings. One of ways in which employees are kept informed about the hazards and dangers within their work environments is through the usage of warning labels. Types of OSHA Warning Labels and Signs The term warning label or sign can be used interchangeably in regards to OSHA's recommendations for hazard warning. There are basically three types of labels or signs outlined within OSHA 1910.145 and they are used to indicate danger, caution, or general safety instruction. Danger Sign/Labels: Danger labels or signs should feature the colors or red, black, and white. Employees should be informed that whenever danger signs or labels are posted they should exercise extreme caution as many hazards are immediate. This does not mean dangers are possible, it means they are imminent if certain things were to happen. Caution Sign/Labels: Any signage or labels indicating caution should feature a yellow background with black lettering. Caution labels or signs should be used to inform employees about potential hazards. This is unlike danger signs, since dangers signs indicate certain dangers that ARE there, while caution indicates that hazards are just simply POSSIBLE. Safety Instruction Sign/Labels: The standard background should be white, with black letters upon the white background. In addition, on the panel, green with white letters may also be used. This type of warning label or sign is used when general information related to certain safety practices is available. Furthermore, OSHA indicates in 19

Much has and needs to be said about an enterprise's AI strategy. Artificial Intelligence or AI is considered a fundamentally disruptive technology similar to the steam engine, electricity etc, a technology that will be pervasive and absolute in its impact on the world and its inhabitants. The ability to find hidden patterns to predict the future or detect a behavior has massive implications across the world, in every industry, sector, and domain. When faced with this realization, enterprise's can find themselves stuck, paralyzed and unsure about how to proceed. The field of AI is decades old already and the early success stories have been practicing AI for multiple years already with the tech industry leading the way. How can an enterprise that has no experience and competency in this area let alone lead the technology or even leverage it appropriately to drive business value? When developing the AI strategy, two ideas are paramount. First, this a fundamentally disruptive technology and the enterprise will need to establish it as a core competency for the foreseeable future. Not doing so will not be an option. Second, a long-term plan to success is superseded by the need to drive quick wins and small successes not only to build confidence but use real-world experience to develop and hone that skill. The Short-Term AI Strategy The short-term AI strategy should focus on driving immediate business value through enhanced customer experiences that leverage any field of AI be it machine learning, deep learning, natural language processing etc. Driving the usage and deployment of AI in front of an end user making them smarter, productive and better informed can pay rich dividends by not only helping the enterprise can real-world experience, but it can also give a perception boost to the company as being innovative and cutting edge. However, most importantly, this can highlight and promote the success and potential of AI in the enterprise and encourage a snowball eff

The cutting edge platforms for today will be the commoditized platforms of tomorrow. As the technology matures and evolves, the previous generation of technology becomes easier to build and deploy enabling a rush of vendors to capitalize on it by making it accessible to the largest possible customer base. This puts enterprises in the nontechnology sectors in an awkward position. Often not ready to consume the latest and greatest technology due to parts of their stack unable to leverage new technology and requiring upgrade to and deployment of the stepping stone technology, these enterprises have to choose between vendor lock-in in a multi-year software and service contract or risk building and implementing a version of the older technology in-house. Business Drivers of Infrastructure-as-a-Service The biggest risk in building technology platforms in-house is the risk of commoditization. The argument played out with the debate over internal vs. public clouds. Initially, enterprises were hesitant to leverage public clouds with several of them opting to build internal, private clouds. Building a cloud is hard. Operating and maintaining a cloud is even harder. Ensuring that the cloud is running on and leveraging the best in class technology requires dedication to the cause. This is often missing in non-technology enterprises by design given they are driven by different and separate business drivers and considerations. A cloud service provider is motivated to ensure the best in class service and technology because that drives revenue for them. An enterprise whose main business is not offering cloud or software services will not be motivated by the same drivers and thus there will be an inherent difference in their approach and success with building and delivering an internal cloud. Business Drivers for Platform-as-a-Service The same argument (public vs private clouds) applies to platforms. Building the best in class platforms that offer the ability to develop cuttin

For many enterprises, transforming into a digital organization is a very big priority. Digitization is more than a passing fad; instead it almost is a precursor to survival in the next decade. Analog mechanisms of running businesses are no longer sustainable nor likely to give confidence to customers, employees, stakeholders and shareholders. Measuring Digital A digital organization is characterized by the following Time to Customer Insight The Time to Customer Insight in a digital organization is the time it takes to collect, process, analyze information to determine the health of a customer, their satisfaction with current products and services, their unmet, possibly unstated needs and the impact that external market events might have on the customer. Time to Reaction Time to Reaction is the time taken to react to a customer insight through the introduction of a new product/service to solve an existing or a new problem or through better packaging of existing solutions to address otherwise existing problems. Time to Market Time to Market is the time taken to bring a new capability, product or service to market often as reaction to a customer or market insight or feedback Time to Iteration Time to Iteration is the time taken to solicit, gather, process, analyze customer feedback and effect a change in existing products or services or bring new products and services to market to address the customer feedback. Digital Organizations Digital organizations are characterized with minimal Time to Customer Insight, Time to Reaction, Time to Market, Time to Iteration and a constant effort and investment into further optimizing and minimizing these metrics. Digital organizations focus on the flow of information through the organization and use of the information to generate and deliver more value for the customers. Key Characteristics of Digital Organizations Instrumentation of Interfaces, Products, Systems, Applications, Processes A digital organization ensures

Safety in foreign countries is way below the standards of the USA, but you can actually find the they exact same problem of wiring and code violations maybe even in your own house or work. As may works cut corners in the hope to speed up the project not really caring about the purchaser. It is very disheartening that in spite of several laws, codes and stipulations by the government, we are witnessing so many accidents. The need of the hour is to spread safety awareness so as to instil confidence in people that the government is very clear about enforcing all laws and regulations to avoid accidents. The main focus areas are homes, where gadgets like LPG stoves, induction heaters and microwave ovens, if not used safely, could lead to serious accidents. The international precautionary indication is that LPG is strongly blended with smelling agents so that leaks are detected, but due to a lack of knowledge and awareness, timely action is not taken, resulting in nasty accidents and loss of lives. Use of substandard electrical wires and switches, inserting wires into sockets without plugs and improper earthing are the main reasons for accidents due to electricity. It is advisable to use appliances of standard makes and which are BIS marked. The placing of air conditioners in the correct positions and using non-flammable switch boxes would avoid mishaps. The use of ELCBS and flame-proof wiring will assure us of safety from electric shocks at homes. Safety audits Safety in schools is of primary importance. Playground equipment, swimming pools, auditoriums and laboratories are to be professionally managed. Periodic inspections and safety audits are to be conducted by accredited third parties and the reports communicated to parents so as to reassure them that their children are in a safe atmosphere. Lab equipment and hazardous chemicals are to be handled after thorough training. Vehicular traffic involving children has to be monitored closely. Safety levels in hospitals are

Confidence is very important. So many people stop themselves before they ever really get going because of doubt and worry and fear.

Keeping your dog warm during winter is not just about practicality but also an opportunity to showcase their unique style. Fashionable winter coats offer a perfect combination of functionality and fashion, ensuring your furry friend stays warm and looks fabulous. By choosing the right coat, prioritizing comfort and fit, and caring for it properly, you can keep your dog cosy and stylish throughout the winter season. So, gear up your furry companion and embrace the chilly weather with confidence and flair!

What is the fear? The most disturbing and cribbed question by the common mind is like "What our elders will say?" Or "What our society will say?". The most generally dread topic amongst the youth is "OMG, you are still single, you don't have an ideal carrier", you don't earn enough. Etc.