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Deloitte uses artificial intelligence to boost productivity

The artificial intelligence revolution may just be getting started, but it’s having a real impact, particularly in large companies as you can see from this video. Deloitte is using artificial intelligence to automate more routine tasks, freeing up their employees to focus on tasks that leverage their skills as opposed to eating up time.

This makes them much more productive, with better results that take less time. Yet it’s also a trend that will threaten many jobs, which will be a challenge for society even if companies draw large benefits.

  

Problems for Trump hotels?

This story about reduced prices for rooms at the new Trump hotel in Washington, D.C. seem to confirm suspicions from Mark Cuban and other that the Trump brand is becoming toxic.

Last weekend bankers and dignitaries from around the world descended on Washington for the annual World Bank–IMF meetings. But just a few days before, the conference rooms were not only still available at Trump International, they were heavily discounted. On October 2, a deluxe room, with a rack rate of $805, could be had for as low $445 a night on Hotels.com. All other five-star D.C. downtown hotels were sold out. By Wednesday, October 5, weekend stays in the deluxe rooms were marked down to $404 per night on Trump International’s own website. The more luxurious 500-square-foot executive rooms, with a city view and marble bath, were only $484. By comparison, at the Waldorf-Astoria in Georgetown, the only available rooms were $1,139 per night, according to Hotels.com.

Mark Cuban predicted this, and it will be interesting to see if this trend continues after the election.

  

Is Donald Trump destroying his brand?

Donald Trump 1

Would you stay at a Donald Trump property? Would you buy a condo with the Trump name on it? If you’re reading a blog like this, you’re probably one of the millions of people repulsed by Donald Trump’s disgraceful campaign for the presidency. You have to think that this will have an effect on his business model which revolves around the power of the Trump name.

We asked this same question five years ago during the Donald’s birther mania, but even that racist attack didn’t hurt his brand. But now with his presidential campaign and repeated racist and offensive statements, it’s hard to imagine he’ll avoid a permanent smear on his reputation.

Mark Cuban has emerged as one of Trump’s most effective critics, as many Americans respect Cuban’s business acumen, so his attacks on Trump tend to stick. Cuban has predicted that Trump will go personally bankrupt withing seven years of the election if he loses as a result of doing so much damage to his brand.

I have no idea if Trump and his children will ever go bankrupt, but I do know that I would never again stay at a Trump property. I’ve spoken to many professionals and business executives who feels the same way. Trump’s legions of supporters don’t fit the demographic of his business clientele, so Cuban may be right and this could be a real problem for Trump. One can only hope . . .

  

More Fortune 500 CEOs prefer Hillary Clinton over Donald Trump

Fortune 500 CEOs prefer Hillary Clinton over Donald Trump by 58% to 42% as explained in this video. This shouldn’t be a surprise as Trump has sounded like an economic buffoon with statements about tariffs and negotiating down the national debt.

  

7 Tips to Help with Small Business Payroll Problems

female worker typing at keyboard fingers

Overpayments to employees and contractors cost companies millions of dollars each year, not to mention the problems that poor payroll management can cause with the IRS!

In order to keep your company’s payroll in check you need to get a handle on what is happening first. Our list of handy tips will help you do just that – let’s dive straight in:

1) Hand it over to the professionals

I know what you are thinking, “What kind of tip is that?” Well, in short, it’s the kind that could save you a whole lot of drama further down the line. Unless you have previous experience in accounting you are running the risk of falling foul of some of the details associated with payroll management.

Read the rest of this entry »

  

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