AI Is Playing A Role In Handling The Pandemic

The better we can track the virus, the better we can fight it. AI is indispensable to this endeavor. AI technology is ideally positioned to identify, track and forecast outbreaks. By analyzing news reports, social media platforms, and government documents, AI can...

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Systemic Solutions For Systemic Problems

As companies start to address the current exigencies, they’re learning that a pandemic is fundamentally different from more conventional threats to business continuity. Plans are usually designed to help companies respond to localized threats--not to global...

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Technology’s Role In Boosting Business

The connectivity now afforded to us by Smartphone apps, data analytics, and AI gives us ways to fight pandemics in ways we never previously thought possible. In the midst of the corona-virus outbreak, it has become all-the-more imperative to marshal our technological...

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Major Chain Stores Take a Huge Hit in 2020

Due to the economic downturn induced by the coronavirus pandemic, as many as 12,000 major chain stores could close by the end of the year (2020). Among the casualties are Hallmark, GNC, Walgreens, and Gamestop. Brooks Brothers filed for bankruptcy in July. Some stores...

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More Store Closings Due to 2020 Pandemic

When it comes to retail, more than 6,300 stores will be closing in 2020 as a result of the pandemic-induced consumer downturn. Stein Mart, Lord & Taylor, JC Penney, Neiman Marcus, Nordstrom, Tailored Brands (Men’s Wearhouse), as well as Bed, Bath & Beyond are among...

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Vulnerable Tech Startups Are Feeling The Heat

On the surface, startups seemed to be minimally affected by the pandemic--primarily due to the ability of many employees to telecommute. However, some investors are holding back on funds for startups that show any risk...at least until the economic climate takes a...

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Economic Downturn Imposes Marketing Constraints

Marketing (including SEO and lead generation) is typically seen as a luxury for companies. So this is often one of the first things to be cut when a business experiences budgetary constraints. For companies with a well-established customer base or a unique (specialty)...

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Marketing Sector Struggles Amidst Economic Downturn

Marketing (including SEO and lead generation) is typically seen as a luxury for companies. So this is often one of the first things to be cut when a business experiences budgetary constraints. For companies with a well-established customer base or a unique (specialty)...

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Less Demand Leads To Drastic Rise In Unemployment

The pandemic-induced economic downturn has created a catch-22 with consumer demand vis a vis companies’ ability to employ workers. Small to medium-sized businesses are particularly vulnerable to the pandemic-induced economic downturn. Loss of business prompts budget...

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Strategies For Companies To Weather The Storm

The reduced availability of credit makes it impossible for small businesses to overcome temporary deprivations by simply borrowing in the conventional manner. Consequently, companies without an adequate support structure cannot continue operating. The key is to find...

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