News You Can Use: 5/9/2018

  • With GDPR Restrictions on Using Consumer Data, Marketers Will Need to Start Mining Moments

    The GDPR is likely to classify both cookies and device IDs as personal data, and businesses will need a legal basis in order to process this sort of information. It’s also likely that the penalties for non-compliance will be steep.

    As a company, we took early precautions and have been preparing for these changes since January 2017 in order to be as ready as possible for the regulation coming into effect in May. The compliance process for us has been a four-stage journey that we have conducted with a law firm specializing in privacy. We have also been actively engaged with the IAB U.K. in order to shape a responsible interpretation of GDPR.

    Behind the scenes we have been conducting extensive due diligence to ensure that our products embed “privacy by design” principles; this includes assessing the type of data we’re processing and rationalizing to ourselves why we need it and how it improves the experience of an internet consumer.

    https://www.entrepreneur.com/article/312075

  • Finland will not expand its groundbreaking basic income trial

    Finland’s Social Insurance Institution (Kela) was hoping to expand the trial to see how employed people reacted when they too received a regular monthly UBI payment from the government, but the Finnish government rejected the request for extra funds. The universal basic income trial will now come to an end later this year.

    https://www.fastcompany.com/40563124/finland-will-not-expand-its-groundbreaking-basic-income-trial

  • Can cryptocurrency save Puerto Rico?
  • 160-year-old insurance giant transforms into a digital business

    This also meant changes in how we’re organized. Over time, we rebranded IT from Information Services to the Client and Digital Experience (CDX) function. More recently, we have taken some departments — including mine — out of CDX and put them in other functional areas of the company. This lets us help those non-technology areas build their digital expertise and innovation mindset, and it allows us to benefit from their business perspectives. We now have an effective blend of centralized and distributed IT, with more digital leaders sitting at non-digital tables.

    We are no longer organized by infrastructure, applications, PMO, and security. Instead, we are organized by end-to-end experience. I focus on employee experiences, and my colleagues who are in CDX focus on the client and advisor experiences.

    https://www.cio.com/article/3268753/digital-transformation/160-year-old-insurance-giant-transforms-into-a-digital-business.html

  • Millennials Make Themselves Miserable Fretting About Work but Boomer

    Colleagues Can Teach Them to Chill
    One of the negative stereotypes that’s frequently associated with Generation Y is that its members tend to be cocky about their on-the-job abilities, especially regarding technology and its application, when dealing with peers. Yet, when you look at the research, that doesn’t appear to be true.

    Consulting group Leadership IQ asked 3,000 participants spanning all industries a battery of 100 questions about work. It turns out that millennials are markedly more critical of themselves than older workers regarding their writing abilities, broader communications competencies and skill negotiating compensation. Only 33 percent of the millennials surveyed were confident in the overall quality of their work performance, compared to 44 percent of Gen Xers and 47 percent of baby boomers. This statistic infers a self-limiting inferiority complex among 66 percent of younger workers.

    https://www.entrepreneur.com/article/311815

Photo by Jimmy Musto on Unsplash

News You Can Use: 3/14/2018

  • China using big data to detain people before crime is committed

    Chinese police theorists have identified specific “extremist behaviours, which include if you store a large amount of food in your home, if your child suddenly quits school and so on,” she said. Train a computer to look for such conduct, and “then you have a big data program modelled upon pretty racist ideas about peaceful behaviours that are part of a Uyghur identity,” she said.

    The report “adds some pieces to the puzzle” over what is happening in Xinjiang, where it became clear over the last year “that tens or perhaps hundreds of thousands of Uyghurs were disappearing without having done anything illegal,” said Rian Thum, a historian at Loyola University in New Orleans who has travelled extensively in Xinjiang.

    https://www.theglobeandmail.com/news/world/china-using-big-data-to-detain-people-in-re-education-before-crime-committed-report/article38126551/
    The dark side of “big data” and “AI” need to be reported on and discussed.

  • This One Aspect of Your Office Design Is Wasting a Lot of Time and Money

    Meetings are expensive — the rent of the office space combined with the wages of each attendee — but a lot of that investment is wasted. A UCLA and University of Minnesota study finds that executives spend up to half of their working hours in meetings and that as much as 50 percent of that time is unproductive. With 17 million business meetings in the United States every day, there are a lot of frustrated workers: 88 percent of people are annoyed by technology problems in meeting rooms, and 20 percent of meetings run late due to those issues, wasting 2.83 working days a year for the average employee.

    Also:

    Making meeting rooms more interactive and easier to navigate is part of a movement to upgrade our office spaces to better reflect how we work today. Real estate executives acknowledge updating is needed with 86 percent saying they are remaking or adapting offices and another 51 percent are planning to reinvent shared workspaces this year, according to the CBRE’s 2017 Americas Occupier Survey. Employing technology to more efficiently use meeting space is a vital part of those efforts and can make a big impact on a company’s bottom line.

    https://www.entrepreneur.com/article/309625

  • Can DIY Solar Panels Solve Puerto Rico’s Power Crisis?
  • Everyone on LinkedIn is a “passionate, experienced, motivated” leader

    While it’s awesome that we’re all so “experienced,” “passionate,” and “creative,” these labels won’t help any of us stand out. Slinging around the same generic language as everybody else is among the worst strategies for getting ahead.

    https://www.fastcompany.com/40538110/everyone-on-linkedin-is-a-passionate-experienced-motivated-leader
    4 Signs You’re Trying Too Hard On LinkedIn

    The number one sign Marco Montinari, a recruitment consultant at Mason Frank International, sees repeatedly is LinkedIn users trying to be philosophers or motivational speakers. “It usually involves reflecting on their own successes while also advising people to stay humble,” Montinari says. While there’s nothing inherently bad about trying to deconstruct common professional issues or trying to uplift people through motivational words, unless you actually are, you know, a philosopher, what you think is deep or uplifting often comes across as simply trite or self-congratulatory. As Montinari points out: “A lesson in self-awareness is often needed for people who spend time telling others how to live their lives.”

    https://www.fastcompany.com/40523265/4-signs-youre-trying-too-hard-on-linkedin

  • Science Says Money Does Buy Happiness If You Spend it the Right Way

    The reason that money demonstratively increases happiness levels up until a point is that it takes a certain salary to feel financially secure.

    Having enough money means no anxiety when shopping at the grocery store, going out to eat or paying your rent. This type of security is overlooked when you are used to it.

    Remembering and being appreciative of the fact that you are free to purchase things, though, will make you happier even after it has settled in as normal amount of your finances. Fundamentally, having enough money to buy these basic necessities will no-doubt increase your happiness levels.

    https://www.entrepreneur.com/article/309814

Photo: Brooke Winters