Why digital transformation is critical to accelerating modernization

In April, the largest land rush in the brief history of the metaverse raised approximately $320 million from the sale of 55,000 parcels of virtual land in Otherside, an immersive world created by Yuga Labs, stewards of the Bored Ape Yacht Club collection of NFTs. The newly minted community cemented BAYC’s ascent from monkey JPEGs to a metaverse franchise in its own right—a trajectory any Web3-curious brand would kill for. But the stampede carried other costs, including an estimated $181 million in “gas fees” to pay for the electricity necessary to issue titles on Ethereum’s blockchain. At least one buyer paid eight times in gas fees what his plot cost in “ApeCoin.”

In 2022, the rate of technological change is influencing every industry, and healthcare is no exception. During the past two years of COVID-19, the world learned to adapt quickly, ushering in the rise of telehealth services, medical apps, and platforms. These tools allowed doctors to fulfill their duty of saving lives while maintaining a safe distance from patients.

Today’s tight labor market, economic challenges, and customers’ ever-increasing expectations have changed the business landscape. To adapt, survive and have a chance to thrive, businesses must be increasingly agile. Companies need the people, processes and technology to support fast decision making, continued innovation and inevitable pivots. Let’s consider...

Accepted standards are funny things. You can use a tech tool for months or even years without ever thinking about its shortcomings—and then, the second you experience a better alternative, you wonder how you ever dealt with the now-clearly-flawed setup you’d stuck with for so long. That’s exactly...

The last two years of lessons learned have battle-hardened agencies seizing opportunities to build for the future and prepare for whatever crises come next. Government is looking to build long-term resilience, overhaul and integrate systems for greater impact, and make programs and services more equitable and inclusive. Deloitte has identified...

As we make moves to find our new normal and get back to business “as usual,” companies are asking themselves if it’s time to reassess their working practices. Is it time to get everyone back to the office? Or foster some kind of hybrid working to suit?

If your company has 800 employees, your company has 800 recruiters. If this sounds like a multilevel marketing scheme, rest assured: It isn’t about expecting employees to actively search for talent, it’s about recognizing that the key to hiring top candidates in 2022 is an empowered workforce. Talent...

Let’s say the CEO of a company operating in a high-growth sector is upgrading their c-suite talent to capture emerging opportunities, including hiring a chief growth officer, chief financial officer, and chief operating officer. Their goal is to restructure and repopulate the leadership team to position the company to realize its fair share (or more) of new business.

In the age of the internet, it is nearly impossible to shy away from an online store. With an online presence, you can reach out to a wide audience and effortlessly scale your sales, reputation and bottom line. Without, you might as well not exist.

Creators drive the 21st-century world. Everyone has a social media account. It’s projected that half of the U.S. workforce will be freelancing by 2027. An incredible 62% of up-and-coming Gen Zers either already have or are planning on starting their own businesses. Everywhere you look, people are creating. However,...

Early in the pandemic, as scientists scrambled to study COVID-19, a new program called Fast Grants changed how they could get funding for research: The application took only half an hour to fill out, and the team handing out the grants made decisions within 48 hours. In a second round of grants, the funding team made decisions within two weeks. The project, devised by an economics researcher and a bioengineer along with Stripe cofounder Patrick Collison, reimagined the slow, painful process of grant making.

Building a start-up business on a small budget is never easy. But being new to the industry it’s important to build the best track record and gain as much positive attention as possible to elevate and expand your company in no time. Below, 15 gurus from Fast Company Executive...

I’ve founded and built five successful tech companies over the last two decades, and if I’ve learned one thing, it’s that too much control is a bad thing. The key to driving growth is letting go of as many levers of responsibility as possible so your team can thrive at what they were hired to do. This is also known as allowing them to tap into their “zones of genius.”

When Tesla was booted off the S&P 500 ESG Index last week—an index that ranks companies based on environmental, social, and governance data—Elon Musk responded by tweeting that ESG was a “scam,” and pointing out that Exxon, one of the most polluting companies in the world, was ranked in the top 10 best companies in the index.

Benchmark’s Bill Gurley tweeted in April 2022, “An entire generation of entrepreneurs and tech investors built their entire perspectives on valuation during the second half of a 13-year amazing bull market run.” With VCs raising larger and larger funds, startup founders had become accustomed to certain key performance indicators (KPIs) set by VCs who were simultaneously providing mammoth funding rounds. The global economic challenges, alongside a volatile stock market, has resulted in a fundamentally new VC marketplace. Business plans, go-to market strategies, and valuations that had all been tailored to certain VC criteria are being forced to rapidly change.

It’s simple but true: Leaders need to bear in mind that what they ask of their employees has far less impact on what people are doing than what is being rewarded. Furthermore, the rewards that organizations provide—which can take the form of promotions, pay increases, new opportunities, and recognition—will be effective only if they work together in concert. That means that all of these rewards need to reinforce each other in order for everyone to feel that they are given authentically.

Financial literacy is en vogue these days, with states like Florida becoming one of the most recent and largest states to mandate personal finance courses for high schoolers. It’s likely a good thing, too, as nearly every worker in the U.S. is stressed out about money, and a possible recession is looming.

The ways people watch content—and what they watch—has fundamentally changed. Audiences no longer have a strong allegiance to how content should look, who’s on screen, or what’s considered “good.” In fact, 73% of people describe good content as something personal and relevant that relates to their passions. In the context of video advertising, that’s a broad enough definition to allow for a wide spectrum of genres, video lengths, and viewing modes.

Sequoia Capital has become one of the most closely watched market prognosticators of the modern era, so when a 52-slide presentation from the venture capital company began leaking online earlier this week, entrepreneurs and investors listened closely. The company, whose “R.I.P. Good Times” memo in 2008 and “Black Swan” missive...

In November 2020, cargo ships began to gather off the coast of Los Angeles and Long Beach in numbers never seen before. American ports could not keep pace with demand for imported consumer goods, driven by lockdowns and economic stimulus. A supply chain crisis had begun. Today, in addition to...