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Daily Archives: July 29, 2022
Give Your Employees a Better CSR Experience With the Right – CSRwire.com
Posted: July 29, 2022 at 5:29 pm
Published 7 hours ago
Submitted by CyberGrants
An innovative corporate social responsibility (CSR) strategy can substantially improve employee participation and workplace pride. Yet cultivating experiences that allow participants to give back in meaningful ways requires a scalable and inclusive solution. What's the best way to launch and improve a CSR technology platform?
Last month, CyberGrants Rob Livada, SVP of Solution Architecture, and Sasha DeMarre, Director of Solution Architecture, sat down with independent journalist Emily McCrary-Ruiz-Esparza to discuss launching a successful CSR strategy, meaningful ways to engage employees, and the importance of impact analytics. Check out the full webinar here!
Dont have time to view their full conversation? Weve got you covered. Explore key considerations and insights from their discussion below.
What is the first step in implementing an effective CSR strategy?
When you're planning to start your CSR programs, don't worry about going too big. Our most successful clients start very small and allow their CSR strategy to grow over time. Initiating something as simple as a volunteerism program is a great first step towards engaging your workforce in CSR. And that engagement factor is key to a successful and impactful program. Your organization should enable and cultivate a grassroots involvement within your employee base. By giving them a tool and a space to begin communicating and collaborating on community-based needs or local causes, you can scale your program from there. Employee engagement is crucial to an effective CSR strategy.
A common pitfall is to focus too heavily on budget and the monetary component of CSR like matching gifts and payroll giving. When youre just getting started, there are much simpler (and just as effective!) ways to break into the CSR space. Instead, lean into your employee base and uncover ways theyre already giving back and find out how your company can support those effortsthis is a great way to get your foot in the door.
Another key factor to consider is how your CSR strategy will tie into your companys mission and values. This will help you clarify the why behind your actions and help to foster more intentional CSR programs. By aligning corporate philanthropy with your company values, youll be able to hone in on where you want to direct your efforts. Is your company focused on clean energy? Food insecurity? Or childhood literacy? Once youve identified cause areas that align with your companys mission, itll be easier to get leadership and employee buy-in.
How do you recommend enabling employee-led CSR efforts?
At CyberGrants, we experienced how impactful employee empowerment can be firsthand. Each year, we host an annual pajama drive where employees donate pajamas to support Community Giving Tree and The Childrens Home Society of New Jersey. When this initiative began, it was organized by just a handful of employees. They communicated their initiative company-wide to drive participation, and with leadership buy-in and support, they were able to grow this program year after year. Today, it's a company-wide event where each individual is assigned a team with the goal of donating the most pajamas. A little friendly competition can go a long way and really drive participation as well as greater impact.
Were a relatively small company with around 200 employees but we were able to collectively donate nearly 4,000 pajamas last year alone. This really demonstrates the power of employee-led initiatives and how, when a company listens, it can have an incredible impact. So for those just starting out with a CSR program, listen to your employees, find out how theyre already giving back, and with company support, you can take their efforts to the next level.
For companies without dedicated CSR staff, who do you recommend to administer their initiatives?
This is a really common roadblock that we see every day. A prospective client will knock on our door and say, Hey, we need help but we dont have anyone to run with the program. We tend to start with HR professionals that manage benefits programs and recommend integrating your CSR offerings with specialty benefits. Just like you have PTO policies in place, you can just as easily offer Paid Volunteer Time Off (VTO) and manage and track those hours within your HR portal. The key to successfully doing so is communication. If your employees aren't aware you offer CSR benefits, they wont be able to participate.
Although we often see HR as that first point of contact, executive buy-in is key to scaling your programs. Leverage the power of your companys leadership team and encourage them to communicate giving opportunities across multiple channels, divisions, and markets. Pairing HR and executives can lead to a power couple for building a CSR program and encouraging participation.
Do you have any recommendations or best practices when making the case for an allocated CSR budget and resources?
You have to look at employee acquisition and retention. Were living in a very hot job market right now and for companies looking to grow, theyll need to be able to attract and retain their top talent. Being able to present your employees with a benefits package that goes beyond paid time off and encompasses employee giving is extremely compelling to existing and prospective employees. Theres a plethora of research to support the importance of social impact programs during the recruitment process. Over two-thirds of employees care about working for a socially responsible companyone that just doesnt put something on the website, but instills it in everything they do.
As more of our customers stray from a corporate-led CSR strategy and lean into employee-led efforts, increasing engagement and participation rates becomes simple. As a result, more and more of our customers have begun to engage their workforce in CSR from day one. As employees are being onboarded, their employers have begun to capitalize on this opportunity to engage them in conversations around giving and how or where they want to allocate their time and money.
By opening up these lines of communication during the early stages of employment, your workforce will be more excited about your social impact programs and more inclined to get involved. This is also the perfect opportunity to make employees aware of any existing programs you already have in place and how they can participate. During the onboarding process, share stories about how others within your organization give back. When employees see how their colleagues participate, theyll want to get in on all the social good too!
How do you implement a program that allows your workforce to respond rapidly when a disaster or crisis emerges?
The key to enabling employee giving during a disaster or crisis is constant communication. When an employee is first hired, you may inform them of your CSR offerings but if you dont continuously encourage employee participation or implement incentives, theyll likely forget this is even an option! For example, you may partner with NPOs or offer matching programs that would enable an employee to respond to a crisis. But if theyre not constantly reminded, your participation rates will plummet. Consider implementing recurring reminders via your company newsletter or something more in-depth like lunch and learns with your CSR software provider. Its certainly crucial to communicate how you enable employee giving during a crisis, but it also has to be multi-channel and ongoing if you want to achieve maximum social impact.
Another key way to ensure youre employees are engaged in rapid response is to offer multiple ways to give and flexible forms of giving. Historically, corporations could only respond if an emerging crisis was classified as a national disaster and the Red Cross was deployed. This is no longer the case. Since the emergence of the COVID-19 pandemic, our customers have developed agility in their giving programs and enabled more flexible ways to support causes. Prior to 2020, volunteerism was almost always defined as going out into the field and attending in-person volunteer events. Today, volunteerism can happen from anywhere and encompasses a broader range of activities, including skills-based giving. The resulting flexibility that weve seen from our clients has made it easier for them to enable programs in real-time when a disaster or crisis emerges.
There has also been a massive uptick in employees helping employees. In recent years, there has been a plethora of climate disasters that likely affected your very own. As a result, corporations have begun to implement Employee Assistance programs (EAPs) where those who are experiencing hardships or have been affected by a disaster are eligible to receive monetary support from their company. Oftentimes, these funds are comprised of employee donations. Instead of donating to a local nonprofit, your workforce has the option to donate to colleagues or community members who have been affected.
How do you reward or recognize employees who participated in your CSR program in a meaningful way?
When it comes to recognizing employees for their efforts, the majority of participants wont want anything in exchange. This would contradict what it means to be a philanthropist! Instead, your employees will likely want to divert the recognition to the cause they supported and shed some light on the nonprofit itself. To do so, consider creating a space for employees to share further information about the causes they support and how they give back. A great way weve seen our customers do so is by enabling a chat feed right within the CyberGrants platform. Similar to a social media channel, your employees can post photos, share stories, and engage with each other in an authentic and unfiltered manner. When it comes to recognition, prioritize spotlighting the causes, rather than individuals.
Similarly, when youre considering ways to reward or recognize employees, think about how you can award them in a way that enables further social good. A rising trend in the CSR space, charitable spending accounts, does just that! Through a charitable spending account, your organization can award a certain amount of money to each employee for donation to a nonprofit of their choosing. Unlike matching gift programs, theres no need to submit a matching request or record their participationits done immediately! Beyond funds, you can also allocate a certain number of paid volunteer hours (VTO). Many volunteerism activities take place during the workday, making it difficult to balance both giving back and collecting a paycheck. By rewarding your employees with VTO hours, theyll be able to enable more social good within their local communities.
How do you recommend companies leverage technology to engage their workforce in CSR?
The number one consideration should always be ease of use. We live in a digital world and if your corporate philanthropy programs rely on manual, multi-step processes, your employees wont want to participateitll be too complicated! This is where CSR software comes into play. By leveraging a single-platform solution that is accessible via mobile and web browser, easy to log into, and supports flexible forms of giving, your employees are sure to get engaged. Once you have this technology in place, the possibilities for CSR programs are endless! Here are a couple of tried and true ways to engage your workforce in social impact:
1. Matching Gifts: Amplify employee engagement initiatives with matching gifts and promote specific causes that matter to your employees.
2. Payroll Deduction: Give employees the chance to support causes they care about on a recurring basis with payroll deduction.
3. Credit Card Giving: Make it easy and convenient for your employees to give back by enabling credit card giving.
4. Virtual Opportunities: Display virtual volunteerism opportunities with featured organizations or let employees search for remote opportunities independently with skills-based filters.
5. Service Projects & Acts of Kindness: Track internal service projects or acts of kindness, like making and delivering cards for healthcare workers on behalf of your company.
When it comes time to evaluate your CSR programs, what kind of data should be collected, and which stakeholders should be involved?
In regard to stakeholder involvement, everyone should be included. Whether it's your employees, executive leadership team, or consumers, they all have a stake in how youre driving impact within communities. Communicating your CSR programs can help attract and retain top talent and new customers, so sharing the impact your organization is making is critical for everyone involved.
Once youre ready to collect CSR program data, it's crucial to be intentional with the data youre attempting to pull. Think about what you already know and what information youre missing, this will drive your data analysis. You already know that your workforce is giving and volunteering, but do you know what causes theyre aligned with? Who are they giving to? This is key in building your companys impact story. For example, if youre able to identify that 50% of the causes your employees support were environmentally oriented, you can align future programs with this cause area. Beyond that, how many hours are they volunteering? Whats the average gift size? Where are these nonprofits located? Once you have deeper insights into how and where your employees give, you can support their efforts and build your CSR programs around causes your employees care about. And if you can show your leadership team where employees want to give and how, theyll be more likely to offer additional support and resources.
Ready to launch a CSR program within your organization? Discover how CyberGrants can help and book a demo with us today!
View original content here.
CyberGrants is a leading provider of software-as-a-service (SaaS) solutions for corporate social responsibility management. CyberGrants mission is to provide innovative software and services in the most secure and efficient way to help companies manage all CSR initiatives from employee volunteer programs to the entire grants lifecycle. With nearly 20 years experience, CyberGrants has delivered grants management software and corporate philanthropy program software to many of the largest companies and foundations in the world, including more than 50% of the Fortune 100. For additional information on CyberGrants, visit http://www.cybergrants.com.
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Global Drone Technology Market in Education Sector Report 2022-2026: Increased Emphasis on Stem Education, Adoption of BYOD Policy, and Government…
Posted: at 5:29 pm
DUBLIN--(BUSINESS WIRE)--The "Global Drone Technology Market in Education Sector 2022-2026" report has been added to ResearchAndMarkets.com's offering.
The drone technology market in education sector market and it is poised to grow by $499.16 mn during 2022-2026 progressing at a CAGR of 17.53% during the forecast period. The market is driven by the increased emphasis on STEM education, adoption of BYOD policy, and government initiatives and campaigns promoting drones in the education sector.
Additionally, this study identifies the increased adoption of online retail channels for purchasing educational products as one of the prime reasons driving the drone technology market in education sector market growth during the next few years. Also, the incorporation of thermal-imaging features in drones to improve learning in the dark and new product launches in the market will lead to sizable demand in the market.
The drone technology market in education sector market is segmented as below:
By Application
By End-user
By Geographical Landscape
Key Topics Covered:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/w96vwe
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Why Englands port chaos could get worse and why technology alone isnt the answer – The Conversation
Posted: at 5:29 pm
Recent scenes of bumper-to-bumper traffic and queues of lorries along the roads leading to the English ports of Dover and Folkstone could become a fixture of UK travel reports without the right technological and diplomatic solutions.
The port of Dover was forced to declare a critical incident as people waiting to board ferries faced up to 11-hour wait times on Friday 22 July, the start of the busiest weekend for UK travel. The time to clear passport control was down to an hour by the following Sunday, but port authorities and ferry companies are anticipating another busy weekend ahead.
With summer holidaymakers eager to make up for lost time during the pandemic and freight traffic also increasing again post-COVID, the chance of continued congestion in and around UK transport hubs will be high for some time. At stake is not just missed connections and ruined holidays, but travellers stuck in traffic for hours without food and water and access to toilets. This is also a major challenge for freight moving from the UK to EU to export items including fresh produce that is at risk of spoiling if delayed.
Of course such scenes have become an increasingly familiar site on UK screens and front pages in recent years. The Brexit travel arrangements and cross border checks came into effect after the transition period ended in December 2020.
But this change was really only felt by the freight industry and to an extent passenger transportation sector in January 2022 as increased post-pandemic travel coincided with school holidays. P&O Ferries decision to suspend services following mass redundancies last Easter also had a similar effect.
If this was simply an operational issue it could be addressed with better resourcing and management, but there are also indications that its a structural and political issue resulting from Brexit. In this case, a combination of solutions will be needed to address the problem and reduce the risk of disruption for UK holidaymakers and freight transport.
There are several theories about why this disruption is happening. Resourcing is clearly an issue. UK passport-holders now require a stamp and a check on the reason for travel to EU and this requires extra time with passport officials.
Further, UK reports claim France provided only six border control officials for the 12 available booths at the Dover checkpoint, while French authorities cited a travel incident in the Channel Tunnel that delayed their inspectors. Ongoing discussions over who should pay what for staffing passport controls have not helped the situation.
Brexit also features quite highly as a major reason for the travel disruption, but the exact reasoning depends on political views. In the UK, Brexiteers blame French government not providing the appropriate support, while remainers and French officials point to this as another reason why the UK should not have left the EU.
Any solution to this travel disruption will involve addressing the twin challenges of resourcing and post-Brexit UK-European relations. More French resources at the UK border will help handle the increase in paperwork processing needed as a result of Brexit. But this will require a political solution, both in terms of mutual collaboration and appropriate financing.
And even as we accept this new normal in terms of movement, weather challenges on the channel could cause further havoc. In 2019, Storm Gareth caused a seven mile-long queue of lorries as channel crossings were stopping due to the weather conditions. Tackling this issue will require both governments to improve infrastructure around their ports to hold passenger and freight traffic when ferries have been cancelled or delayed due to bad weather
Technology will also play a key role in easing some of the processing delays. Digital apps for congestion monitoring and the ability to book document processing windows may also help. But
The UK governments goods vehicle movement service (GVMS) is a portal for freight transportation that provides a wallet for all the paperwork required for customs. This will help, but it is not the same as free movement and it will still entail processing delays compared to pre-Brexit. Small and medium companies may also need support and training to use of these digital tools for both import and export of goods between UK and EU.
From September, an EU requirement for biometric processing of all visitors to the EU from the UK (freight and passenger) will come into effect. This could cause processing delays for cars or lorry drivers at ferry or train terminals as it may require people to leave their vehicles for checks. The introduction of the EUs UK Visa waiver programme (ETIAS) in 2023 may offset some of this increase in border processing times, however.
While there are plenty of technical solutions that can address these ongoing issues for UK freight and tourist travel, such efforts must be underpinned by greater cross-border collaboration. Politicians on both sides of the Channel must work together to identify solutions to alleviate further travel chaos.
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Why Englands port chaos could get worse and why technology alone isnt the answer - The Conversation
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Japan and the US will develop technology for the production of 2nm chips – Gizchina.com
Posted: at 5:29 pm
By the end of the year, a research center will open in Japan as part of a partnership project with the United States, on the basis of which the development of technologies for mass production of chips using the 2nm process technology will be carried out. In the future, the joint project will help companies build stable supply chains and insure themselves against tensions around the industry leader, Taiwan.
The center will take place on basis of a new research institute, which will also open this year as part of the project, it is in plans to use equipment and involve specialists from the US National Center for Semiconductor Technology. Initially, researchers from the two countries will focus on advanced chips based on the 2nm process technology; which will improve performance and reduce energy consumption compared to existing solutions. The center will also set up a prototype production line; and the projects ultimate goal is to start mass production of the chips in Japan by 2025.
The plans to launch a partnership project were announced back in May by Japanese Minister of Economy, Trade and Industry Koichi Hagiuda and US Secretary of Commerce Gina Raimondo in May, the parties worked out all the details. From the Japanese side, the participants of the project will be the National Institute of Advanced Industrial Science and Technology (NIAIST); the Institute of Physical and Chemical Research (Riken) and the University of Tokyo.
Taiwan now hosts more than 90% of the worlds sub-10nm semiconductor manufacturing capacity; with enterprises on the island planning to reach 2nm by 2025. At the same time; there is an opinion that Beijing is planning to annex the island to mainland China by force; and the United States is categorically not happy with this; most of the advanced chips come to the country from Taiwan. Upon completion of the research project, the technologies will tranfer to other countries that share American values; for example, South Korea. The initiative involves not only technological; but also financial support: one of the enterprises in Tokyo can receive investments for 1 trillion yen ($7.3 billion).
The world leader in the production of advanced chips today is Taiwans TSMC; followed by South Koreas Samsung and Americas Intel. The USA is also a center for the development of advanced microcircuits. The direction belongs, in particular, to NVIDIA and Qualcomm. And the Japanese companies Tokyo Electron, Screen Holdings, Shin-Etsu Chemical and JSR specialize in equipment and materials for the production of microcircuits. In the early 1990s, Japans share of the global semiconductor market was about 50%; but by now it has dropped to 15%.
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Japan and the US will develop technology for the production of 2nm chips - Gizchina.com
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Archer selects Honeywells actuation and cabin cooling technology for its air taxi – Inceptive Mind
Posted: at 5:29 pm
Archer Aviation has revealed this week that Honeywell will supply flight control actuation and thermal management technologies for its Maker electric vertical take-off and landing (eVTOL) aircraft. Honeywells actuation technology is a key enabler of Archers 12 tilt 6 configurations, and its thermal management technology will help Archer provide a best-in-class in-cabin experience for its passengers.
According to Honeywell, its cutting-edge actuators can handle hundreds of micro adjustments and commands per second from aircrafts fly-by-wire computers. This results in more precise navigation, an important asset for an eVTOL thats meant to operate in dense urban environments.
Honeywells thermal management system provides several advantages compared to conventional systems, including lower weight, higher efficiency, and higher reliability in its size and power class. It will enhance the passengers comfort even more.
Equipped with 12 rotors, Archers Maker aircraft will be able to hit 150 mph (241 km/h) and have a medium range of approximately 60 miles (96 km). Archer claims that the Maker is 100 times quieter than conventional helicopters, humming along at around 45 dB when cruising at around 2,000 feet. This ultra-silent air taxi is set to become certified by 2024 and eventually operate without a pilot on board.
Honeywell has a wide variety of ready-now solutions that will create a more sustainable future for the aviation sector, and the technology were providing Archer is a great example of that, said Stphane Fymat, vice president and general manager, Urban Air Mobility and Unmanned Aerial Systems, Honeywell Aerospace. Were committed to making Urban Air Mobility an everyday form of travel, and Archers aircraft will help bring that vision to life.
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Tech companies hit the brakes as slowdown looms – Axios
Posted: at 5:28 pm
Tech giants that have often sailed above the economy's turmoil can't escape the current downturn's pain, as this week's earnings reports from the sector's key companies illustrated.
Why it matters: Even as other industries struggled during the pandemic, tech prospered because so much of the economy shifted online. Now they are preparing to take a direct hit.
Driving the news:
Apple, meanwhile, fared somewhat better in results posted yesterday.
Yes, but: Even Apple took some hits from the broader economic slowdown, including an impact on revenue from wearables and services.
The big picture: Tech companies are hitting the brakes, especially when it comes to hiring. Just a few months ago their biggest challenge was finding enough qualified people to fill open jobs.
Between the lines: Companies are facing a long list of challenges, from lingering supply chain bottlenecks to inflation to foreign exchange costs.
Be smart: Just planning for a possible economic slowdown can make the slowdown happen.
Our thought bubble: No one is happy in this kind of business climate, but the markets appear to be relieved that most of the tech giants avoided big negative surprises.
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How The Adspend Crash Is Impacting Tech Giants – The Drum
Posted: at 5:28 pm
The tech giants are scrambling to find silver linings in disappointing Q2 results this week. As the worlds largest digital platforms, they serve as bellwethers for the health of the advertising industry, and the brands they work for. The Drum explores how theyve been hit.
With a busy slate of earnings this week, the dire news came thick and fast with the worlds biggest tech companies warning of significant advertising headwinds for months; their results this week demonstrate those headwinds have begun blowing in earnest.
Amazon reported its Q2 results today, which managed to outperform expectations perhaps in part due to the overall weakness in the tech and advertising sectors. Despite reporting its second quarterly loss in a row, its shares rose following the report. The e-commerce giant, in contrast to Alphabets results, which demonstrated a regression to the mean following the pandemic, managed to keep its e-commerce and advertising operations afloat if slowing down in line with wider trends.
The global ad spend slowdown is impacting the tech giants, with most warning of further headwinds in the near future / Christine Roy
Its chief executive officer Andy Jassy said: Despite continued inflationary pressures in fuel, energy and transportation costs, were making progress on the more controllable costs we referenced last quarter, particularly improving the productivity of our fulfillment network.
The reaction to Amazons performance is based in part on expectations of strong performance in the near future. It has a number of key dates on the horizon, including a number of Prime Days.
Get the best of The Drum by choosing from a series of great email briefings, whether thats daily news, weekly recaps or deep dives into media or creativity.
Insider Intelligence principal analyst Andrew Lipsman says: Amazon managed pretty well through the second quarter despite tough macro conditions and added costs weighing on its bottom line. It wasnt a rosy quarter by any stretch, as the e-commerce business struggles to return to positive growth, and the high-margin AWS and ads businesses continue to decelerate. But Amazon comfortably cleared the lowered hurdle while guiding to a much stronger back half of the year.
The next two quarters feature Prime Day events that should recharge e-commerce momentum, with the added benefit of comparing against the absence of Q3 and Q4 Prime Days in 2021. This will boost growth and reduce membership churn, while giving a jolt to the advertising business thats increasingly responsible for Amazons bottom line. It looks like Amazon is finally primed to turn the corner after a rocky couple of quarters.
Hugh Fletcher, global marketing director at Wunderman Thompson Commerce, is surprised by Amazons results given the general slowdown in spending weve been seeing. He suggests it comes down to its ubiquity as a tech and retail powerhouse.
Apple, too, recorded better-than-expected results though largely as a result of its hardware activities. Its services side outperformed but also saw a period of destabilized activity, with its chief executive officer Tim Cook saying: There were some services that were impacted. Digital advertising was impacted by the macroeconomic environment.
Despite that, its services side which includes Apple Music and iCloud delivered $20bn in revenue for the quarter.
In terms of overall slowing ad spend, other analysts noted that the slide was likely to flatten into the back half of the year. Fahim Naim is head of Amazon at Advantage Unified Commerce. He says: Brands will be allocating more spend to Amazon than they have been. Its been a progression for brands over the last 12 to 18 months, particularly after the Apple iOS 14.5 updates and also increasing costs on Meta and Google and with brands trying TikTok, but this has not been scalable for many brands.
So I do expect a reasonable increase in year-on-year advertising. Brands are looking to reallocate spend to more efficient platforms, he adds. Amazons becoming more and more attractive for brands that are squeezed in profitability, particularly ones that are direct-to-consumer (DTC) or are looking at online channels.
That change in the allocation of ad spend for smaller brands might be behind the poor performance of the other tech giants, with Facebook in particular seeing a slowdown in spend from its core contingent of advertisers. As John Stoneman, senior vice-president of global demand at TripleLift, notes, the tech giants with greater exposure to smaller brands pulling ad spend are most at risk.
Its not surprising to experience tightening margins during times of economic uncertainty, but that doesnt mean brands are reining in their marketing efforts. Companies such as Unilever, for example, are continuing to invest ad dollars in their brands amid rising prices. If we can take away any lesson from previous periods of decline, such as the pandemic, it is that the ad market is resilient enough to recover much faster than we expect.
Alphabets results demonstrated slowing growth for some of its flagship products, including YouTube ads and its Search capabilities. YouTube advertising was expected to deliver around $7.52bn, but ended up returning $7.34bn to the parent companys coffers.
Meta was similarly seen as having missed its advertising targets by a significant margin. It reported its first-ever drop in revenue, which it attributed to foreign exchange issues and crucially slowing advertising demand among its core markets. Its Q2 results release stated: We expect third-quarter 2022 total revenue to be in the range of $26-28.5bn. This outlook reflects a continuation of the weak advertising demand environment we experienced throughout the second quarter, which we believe is being driven by broader macroeconomic uncertainty.
Snap, too, reported an overall lack of demand for its core advertising products. It stated that overall demand growth on our advertising platform has slowed significantly, which it blamed on uncertainty in the financial markets in high-value verticals. As a result, its chief executive officer Evan Spiegel said: While the continued growth of our community increases the long-term opportunity for our business, our financial results for Q2 do not reflect our ambition.
Twitter, impacted by uncertainty surrounding Elon Musks botched takeover, also noted that its underlying advertising revenue was affected by a slowdown in demand. Its overall revenue for the three months to June 30 was 986m, representing a decline of 1% ($270m) in the same period last year. It said advertising industry headwinds associated with the macroenvironment was one cause of its cash-flow problem.
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Tech giants to self-regulate in reducing harmful content in New Zealand – Reuters
Posted: at 5:28 pm
The logos of mobile apps, Google, Amazon, Facebook, Apple and Netflix, are displayed on a screen in this illustration picture taken December 3, 2019. REUTERS/Regis Duvignau/File Photo
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WELLINGTON, July 25 (Reuters) - Big tech companies agreed on Monday to reduce harmful online content in New Zealand, making a move that critics said dodged the alternative of government regulation.
Meta Platforms Inc (META.O), Alphabet-owned Google (GOOGL.O), TikTok, Amazon.com Inc (AMZN.O) and Twitter (TWTR.N) had signed a code of practice, said Netsafe, a government-funded internet-safety group.
The companies would follow the code as self-regulation, Netsafe chief Brent Carey said in a statement.
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"There are too many Kiwis being bullied, harassed, and abused online, which is why the industry has rallied together to protect users," Carey said in a statement.
Industry lobby group NZTech will be responsible for the companies meeting obligations, which include reducing harmful content online, reporting how they do that and supporting independent evaluation of results.
"We hope the governance framework will enable it to evolve alongside local conditions, while at the same time respecting the fundamental rights of freedom of expression," said NZTech chief executive Graeme Muller.
Meta and TikTok said in statements they were enthusiastic about the code making online platforms safer and more transparent.
Interest groups want more detail, however - for example, about sanctions for any failure by the companies to comply and about a mechanism for public complaints.
They also point to the pact being administered by an industry body, not the government.
"This is a weak attempt to preempt regulation in New Zealand and overseas by promoting an industry-led model," Mandy Henk, chief executive of Tohatoha NZ, a non-profit organisation that lobbies on the social impact of technology, said in a statement.
The framework that the companies agreed to is called the Aotearoa New Zealand Code of Practice for Online Safety and Harms.
New Zealand has been a leader in trying to stamp out violent extremism online. Prime Minister Jacinda Ardern and French President Emmanuel Macron in 2019 launched a global initiative to end online hate.
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Reporting by Lucy Craymer; Editing by Bradley Perrett
Our Standards: The Thomson Reuters Trust Principles.
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Tech giants to self-regulate in reducing harmful content in New Zealand - Reuters
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Tech giants, including Meta, Google, and Amazon, want to put an end to leap seconds – ZDNet
Posted: at 5:28 pm
In her hit song, Cher sang, "If I could turn back time." For her, that would be a good thing. But in the computing world, Meta, formerly Facebook, believes it would be a very bad thing indeed. In fact, Meta wants to get rid of leap seconds, which keep computing time in sync with Earth's rotational time.
Meta's not the only one that feels that way. The US National Institute of Standards and Technology (NIST), its French equivalent (the Bureau International de Poids et Mesures or BIPM), Amazon, Google, and Microsoft all want to put an end to leap seconds.
Why? As Meta explained in a blog post, "We bump into problems whenever a leap second is introduced. And because it's such a rare event, it devastates the community every time it happens. With a growing demand for clock precision across all industries, the leap second is now causing more damage than good, resulting in disturbances and outages."
Therefore, Meta concludes, we should simply "stop the future introduction of leap seconds."
Computers require accurate timekeeping for pretty much everything they do -- security, identification, networks, and more. Some systems rely on Global Positioning Systems (GPS) appliances and the GPSD daemon to tell the exact time.
The problem is Earth's rotational time is not absolute; Earth's spin speed varies in response to geological events. For example, Earth's ice caps and ice-topped mountains are constantly melting and refreezing, affecting the Earth's rotation's angular velocity. This, in turn, slows down and speeds up our days.
The International Earth Rotation and Reference Systems Service (IERS) tracks this, and every few years, it adds a leap-second to the year. This is done to Coordinated Universal Time (UTC), which is the standard universal time system.
In 1972, the idea of leap seconds was introduced by IERS. This periodical UTC update kept computer time in sync with observed solar time (UT1) and the long-term slowdown in the Earth's rotation. That made astronomers and navigators happy -- programmers and IT administrators, not so much.
UTC is used by the internet's Network Time Protocol (NTP) to set the time. For its part, NTP keeps all of our internet-connected devices in sync with each other.
How does NTP know what time it is? By synchronizing NTP servers with atomic clocks. NTP is based on a hierarchy of levels, where each level is assigned a number called the stratum. Stratum 1 (primary) servers at the lowest level are directly synchronized to national time services via satellite, radio, or modem. Stratum 2 (secondary) servers are synchronized to stratum 1 servers and so on. Usually, NTP clients and servers connect to Stratum 2 servers.
So far, so good, but how do stratum 1 servers sync up with clocks? Many of them use GPSD. This service daemon monitors one or more GPSs for location, course, velocity, and -- for our purposes -- time.
The problem is that this system is complicated and prone to failure. If you're a system or network administrator, you already know this. Meta's researchers insist that "introducing new leap seconds is a risky practice that does more harm than good, and we believe it is time to introduce new technologies to replace it."
In the past, leap seconds have crashed programs or even corrupted data, due to weird data storage timestamps. For example, both Reddit and CloudFlare have had nasty outages due to leap seconds.
As Linux founder Linus Torvalds said in response to the problem that tripped up Reddit, "Almost every time we have a leap second, we find something. It's really annoying, because it's a classic case of code that is basically never run, and thus not tested by users under their normal conditions."
Worse still, Meta points out that "with the Earth's rotation pattern changing, it's very likely that we will get a negative leap second at some point in the future. The timestamp will then look like this: 23:59:58 -> 00:00:00."
What happens then? We don't know. "The impact of a negative leap second has never been tested on a large scale; it could have a devastating effect on the software relying on timers or schedulers."
Meta explains, "With a growing demand for clock precision across all industries, the leap second is now causing more damage than good, resulting in disturbances and outages." Therefore, we should simply "stop the future introduction of leap seconds."
Period. End of statement. And if our computing clocks don't agree with the stars above us? That's a problem for astronomy application developers, not the rest of us.
Eventually, we'll need to change the clocks again. After all, the lack of leap days eventually led to our losing 10 days when we switched from the Julian to the Gregorian calendar in 1752. But Meta thinks that we'll do just fine for the next thousand years or so without any more leap seconds.
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Tech giants, including Meta, Google, and Amazon, want to put an end to leap seconds - ZDNet
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US antitrust bill that would place restrictions on tech giants may not have enough votes to pass – PhoneArena
Posted: at 5:28 pm
The American Choice and Innovation Act, a bill that was proposed with power to reign in tech giants may not have enough votes to pass, at least judging by what the Senate Majority Leader Chuck Schumer said, reports Bloomberg. This bill is the one that aims to restrict tech giants from preferring their services over rivals'. Now it seems it may not become law just yet.
The American Choice and Innovation Act was introduced as a proposal last year. If it becomes legislation, it will place a lot of restrictions on big tech giants, aiming to prevent them from anti-competitive practices. Among those restrictions is the prevention of big tech giants from preferring their services over third-party ones. Companies that would be affected include Apple, Google, Meta, and Amazon.
For now, the future of the bill seems uncertain. On the other hand, Europe is also working on similar bills, like for example the Digital Markets Act, which could enter into force next spring.
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