Latest news with #MicrosoftExcel
Hans India
20-06-2025
- Business
- Hans India
Reid Hoffman Downplays AI Job Loss Fears, Urges Focus on Human-AI Collaboration
LinkedIn co-founder Reid Hoffman has pushed back against growing anxiety over artificial intelligence (AI) and its impact on employment, especially among white-collar workers. In a recent conversation sparked by comments from Anthropic CEO Dario Amodei, Hoffman argued that while AI will indeed change the landscape of work, fears of an all-out "job bloodbath" are exaggerated. Amodei had earlier warned of AI driving a significant overhaul of white-collar jobs, raising concerns about the replacement of human roles. Hoffman, however, offered a more balanced perspective. 'Dario is right that over, call it, a decade or three, it will bring a massive set of job transformations. And some of that transformation will involve replacement issues,' he admitted. But he quickly clarified that this shift doesn't equate to widespread unemployment. 'Just because a function's coming that has a replacement area on a certain set of tasks doesn't mean all of this job's going to get replaced.' Hoffman pointed to historical parallels to support his view, citing the example of Microsoft Excel. When spreadsheet software was introduced, many feared it would render accountants obsolete. Instead, the field evolved. 'Everyone was predicting that the accountant job would go away. And actually, in fact, the accountant job got broader, richer,' he said. According to Hoffman, the future of work lies in symbiosis between humans and machines. He imagines a workplace where employees are empowered, not displaced, by AI tools such as GPT-4, Claude, and Microsoft Copilot. These technologies, he insists, should be used to enhance productivity, not eliminate human effort. 'Could I just replace, for example, my accountants with GPT-4? The answer is absolutely not. That would be a disastrous mistake,' Hoffman warned. Hoffman strongly cautioned against wholesale automation, particularly the idea of removing entire departments. 'Let's replace my marketing department or my sales department with GPT-4. Absolutely not,' he said. 'That's nowhere close to a bloodbath.' While Hoffman does acknowledge that some roles are at greater risk—especially those made up of repetitive or scripted tasks—he believes the potential for AI to replace such jobs has more to do with how businesses choose to deploy these technologies. 'What jobs are most likely to be replaced? They're the ones where we're trying to program human beings to act like robots,' he said. In conclusion, Hoffman remains optimistic about AI's role in the job market. Instead of viewing AI as a threat, he believes it should be seen as a powerful partner. 'Person plus AI doing things' is the model he champions — one where human judgment, creativity, and adaptability remain essential. As the debate around AI and jobs continues, Hoffman's call for cautious optimism and thoughtful implementation serves as a timely reminder: transformation does not have to mean elimination.
Business Insider
19-06-2025
- Business
- Business Insider
LinkedIn cofounder Reid Hoffman says people are underestimating AI's impact on jobs, but it won't be a 'bloodbath'
Reid Hoffman, the venture capitalist who cofounded LinkedIn, said AI will transform jobs, but he rejected the idea that it will result in a "bloodbath" for job seekers. "Yes, I think people are underestimating AI's impact on jobs," Hoffman said on an episode of the Rapid Response podcast, released Tuesday. "But I think inducing panic as a response is serving media announcement purposes," he said, "and not actually, in fact, intelligent industry and economic and career path planning." The podcast's host, Bob Safian, asked Hoffman about comments made by Dario Amodei, CEO of AI firm Anthropic, in May. In an interview with Axios, Amodei warned that AI companies and governments needed to stop "sugarcoating" the potential for mass job losses in white-collar industries like finance, law, and consulting. "We, as the producers of this technology, have a duty and an obligation to be honest about what is coming," Amodei said. He estimated that AI could spike unemployment by up to 20% in the next five years, and may eliminate half of entry-level white-collar jobs within that same period. Hoffman said he had called the Anthropic CEO to discuss it. "'Bloodbath' is a very good way to grab internet headlines, media headlines," Hoffman said. (Axios, not Amodei, used the phrase "white-collar bloodbath.") But, Hoffman added, "bloodbath just implies everything going away." He said he disagreed with this assessment, believing that transformation, not mass elimination, of jobs is a more likely outcome. "Dario is right that over a decade or three, there will be a massive set of job transformation," Hoffman said. But he compared it to the introduction of tools like Microsoft Excel, which were believed by some at the time to mark the end of accountancy roles. "In fact, the accountant job got broader, richer," Hoffman said. He added: "Just because a function's coming that has a replacement area on a certain set of tasks doesn't mean all of this job's going to get replaced." Instead of AI eliminating roles, Hoffman predicted: "We at least have many years, if not a long time, of person-plus-AI doing things." Hoffman isn't the only business leader to question Amodei's AI doomsday prophecy. Speaking at VivaTech in Paris earlier this month, Nvidia CEO Jensen Huang said he and Amodei "pretty much disagree with almost everything" on AI. "One, he believes that AI is so scary that only they should do it," Huang said. "Two, that AI is so expensive, nobody else should do it." Huang added, "And three, AI is so incredibly powerful that everyone will lose their jobs, which explains why they should be the only company building it."
Sharjah 24
17-06-2025
- Business
- Sharjah 24
"Tatweer" trains youth in advanced data analytics
Practical skills in Excel and Power BI The training offers a hands-on pathway in managing, analysing, and visualising data using Microsoft Excel and Power BI. Participants learn to gather data from multiple sources, apply analysis through PivotTables, and develop key performance indicators (KPIs). The module also includes practical experience with Power Query and Power Pivot, and the design of interactive dashboards that support institutional decision-making and offer actionable insights. Continuing a multi-phase learning journey This phase builds on earlier modules focused on storytelling, strategic leadership, and entrepreneurship, equipping participants to apply data analysis tools in real-world work environments. It also includes follow-up workshops and interactive sessions to reinforce practical application and deepen learning outcomes. Participant reflection Participant Fatima bin Touq expressed her enthusiasm, stating: "Since joining Wathba, I've gained transformative leadership and communication skills. I'm especially excited about the data analysis phase—it will equip me with the tools to turn numbers into insights and apply them meaningfully in my field. This is essential for anyone seeking to grow in today's dynamic workplaces." About the programme Wathba is one of Sharjah Capability Development 'Tatweer''s leading initiatives, aiming to empower Emirati youth through a progressive, multi-faceted training methodology. The programme is delivered in collaboration with top experts and academic institutions locally and internationally.
Time Business News
17-06-2025
- Business
- Time Business News
Essential Types of Application Software for Modern Businesses
In today's fast-paced digital landscape, software is the engine behind business productivity, customer engagement, and data management. While most people are familiar with general applications like Microsoft Word or Google Chrome, understanding the different types of application software is crucial for businesses aiming to stay competitive and efficient. This guide breaks down the essential categories of application software, helping you choose the right tools for your operations and growth. Application software refers to programs designed to perform specific tasks for users—whether it's drafting emails, managing databases, creating graphics, or running financial reports. Unlike system software (like operating systems), application software serves the end-user directly. Businesses rely on application software to: Automate routine tasks Improve collaboration and communication Enhance customer service Manage data efficiently Make informed decisions based on analytics Understanding which type of software suits which task can save time, cut costs, and boost productivity. Here are the most commonly used types of application software categorized by functionality and use-case: Purpose: Creating, editing, formatting text documents Examples: Microsoft Word, Google Docs, WPS Office Businesses use word processors for internal documentation, contracts, proposals, reports, and more. Purpose: Organizing data, performing calculations, and generating financial models Examples: Microsoft Excel, Google Sheets, Zoho Sheet Essential for accounting, budgeting, forecasting, and managing large datasets. Purpose: Designing slide decks for meetings, webinars, and product demos Examples: Microsoft PowerPoint, Google Slides, Prezi Helps businesses communicate ideas visually and effectively. Purpose: Creating and managing structured data storage Examples: MySQL, Microsoft Access, Oracle Database Crucial for managing customer records, product inventories, and employee information. Purpose: Integrating various business functions—HR, finance, inventory, procurement Examples: SAP, Oracle NetSuite, Odoo Streamlines operations and improves decision-making through centralized data. Purpose: Managing customer data, sales pipelines, and marketing campaigns Examples: Salesforce, HubSpot, Zoho CRM Helps nurture leads, improve customer service, and boost sales efficiency. Purpose: Planning, tracking, and executing projects collaboratively Examples: Asana, Trello, Jira Ideal for agile teams and businesses with multiple ongoing projects. Purpose: Managing billing, payroll, taxes, and financial reporting Examples: QuickBooks, Xero, FreshBooks Essential for maintaining compliance and financial accuracy. Purpose: Designing visuals, editing images or videos, creating animations Examples: Adobe Photoshop, Canva, Final Cut Pro Used by marketing teams, content creators, and designers to enhance branding and communication. Purpose: Accessing web applications and online services Examples: Google Chrome, Mozilla Firefox, Safari A gateway to SaaS platforms, online tools, and information sources. Purpose: Facilitating internal and external communication Examples: Slack, Zoom, Microsoft Teams, Google Meet Supports remote work, team collaboration, and virtual meetings. Purpose: Managing email communications Examples: Microsoft Outlook, Mozilla Thunderbird, Gmail A core part of business communication and customer support workflows. Purpose: Delivering training programs, courses, or certifications Examples: Moodle, Coursera for Business, TalentLMS Used for employee onboarding, upskilling, and corporate training. Purpose: Tailored to meet specific business needs (e.g., inventory control, field service, logistics) Examples: Custom CRM, ERP, POS, or warehouse management systems developed by IT firms This type of software is often built from scratch to address unique business challenges and workflows. When selecting application software for your business, consider the following: Scalability: Can it grow with your business? Can it grow with your business? Integration: Does it work with your existing tools? Does it work with your existing tools? User Experience: Is it easy for your team to adopt? Is it easy for your team to adopt? Cost Efficiency: Does it fit your budget over the long term? Does it fit your budget over the long term? Security: Does it comply with your data protection policies? Application software is the backbone of modern business operations. From streamlining workflows to improving customer satisfaction, the right tools can be a game-changer. Whether you're a startup or a growing enterprise, understanding the types of application software available—and how to use them—empowers you to make smarter, faster decisions. If you're unsure which tools suit your business, consulting a custom software development partner like Infowind Technologies can help you assess needs, implement the right solutions, or even build tailor-made applications from scratch. Infowind Technologies specializes in web, mobile, and enterprise software development tailored to your industry needs. Contact us to explore how we can boost your business with smart, scalable solutions. TIME BUSINESS NEWS
Time Business News
12-06-2025
- Business
- Time Business News
Beyond Spreadsheets: Why Asset Management Software Is a Game Changer
Gone were the times when tense managers struggled to manage a company's extensive assets with Microsoft Excel spreadsheets. The scenario changed for the better with the entry of comprehensive asset management software. It provides oversight for the lifecycle of software, reduces risks and errors, and saves time and cuts operational costs. The cloud-based asset management system with its automated workflow generates real-time data to make informed decisions conducive to the business's future. Unlike businesses run in a small office with a limited number of staff, big businesses, including manufacturing and construction, will have a large number of assets to manage, which are spread over a wider geographical area. This challenge is best solved by asset management software vendors who offer the perfect solutions. They help all businesses to monitor and manage their assets in the most efficient way with no room for asset loss, misuse, or depreciation. Some of the industry verticals that need asset management software are healthcare, education, IT, the government sector, and construction. In the competitive market of asset management software, some brands are ahead with more traction among different industries. For them, the software works like a panacea to track the complete asset life cycle and status of assets from a single dashboard. This makes life easy for business owners and managers in the effective tracking of assets and inventory movements and in making relevant planning and calculations. Among the AMS providers, brands like Asset Infinity are noted for their market dominance with cutting-edge solutions, including the inventory management software. In heavy industries like manufacturing, there is a need for tracking and managing the equipment. It is important to use asset management software to track, manage, and maintain their physical assets, including production equipment and machinery, facilities and infrastructure, and fleet and warehouse vehicles, among others. The best asset management software solutions will be distinct, as they will possess the tools to manage assets throughout their full lifecycle, with the technology finding good use in inventory, compliance, cost control, and more. The outcome of adopting the right asset management platform will be improved efficiency in operations and maintenance, a reduction in unplanned downtime, and help to expand the lifespan of available equipment. The asset management technology works with a variety of sophisticated tools to help businesses track, protect, and preserve significant critical assets. User-friendly dashboard Centralized database Digital tracking system Cloud-based apps Real-time and historical data monitoring Customized reporting In manufacturing industries, the asset tracking software also monitors the location, usage, and condition of machinery, equipment, and vehicles, deploying top technologies such as RFID tags, GPS, and barcodes. Maybe in inventory management, the asset management software works magic as it provides automatic inventory updates, reorder alerts, and real-time visibility of stock levels, minimizing challenges like stockouts or overstocking. By deploying asset lifecycle management, any business stands to gain, as real-time data on each phase of an asset's lifecycle will be at the fingertips from procurement to disposal. This obviously increases return on investment (ROI) in various assets with optimum use and cost savings from timely decisions to repair, replace, or retire various assets. This augurs well for financial management too. Computing asset depreciation and associated costs and integrating that data with accounting systems makes accurate financial reporting easier to support budgeting decisions. TIME BUSINESS NEWS
