The jokes are over. The EU has just fined TikTok a record 345 million euros. Microsoft is also having more data security problems, which in the context of the increasing share of digital tools in the labor market does not bode well for the company. More - in the new review of the week Digitized.
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Europe really wants to curb the arbitrariness of tech giants in terms of data management. The Irish Data Protection Commission responsible for supervising the activities of global Big Tech in the EU has just imposed a historically high fine on TikTok for violating the privacy of underage users of the platform. The fine amounts to 345 million euros and it may not end there. Additional checks are being carried out on the service regarding the transfer of data to China.
The increased supervision of tech companies is all the more important as digital tools penetrate into more and more areas of everyday life. According to a new report by Gartner agency today's employees use even 16 different applications to perform daily professional duties. Despite this, many of these people still feel that companies are too slow to implement new technologies into their structures. You can read more about this in the new EY report.
On the other hand, if you have no problems with adapting to the digital reality in your company, it is certainly worth mentioning this in the job advertisement. How to do it well? You can read more about this in the text by Dalia Sadowska in the Digitized Editorial Board recommends section.
Welcome!
Until now, in job advertisements, you could find many important aspects: beautifully constructed sentences maintained in an official tone, the necessary language etiquette, flowery language, stylistics appropriate to the character of the company, a mention of fruits in the office, just not... specifics.
Anna Piwowarska in the cult book Authenticity attracts wrote about how the hunger for authenticity will soon dominate public space. The first signs of this have already appeared in the recruitment market. More and more IT industry advertisements contain information about salary ranges. The trend initiated by this sector has triggered a wave of transparency. What are candidates really looking for?
You can read about it in the latest text by Dalia Sadowska.
Initiating a business venture requires certain predispositions. It is the domain of brave people, walking their own paths, often individualists. In the Polish Entrepreneur report, based on the ARC Market and Opinion and inFact survey, as many as 64% of the surveyed businessmen admitted that a strong need for independence and self-reliance prompted them to start their own business. The conditions for conducting business activities were best assessed by entrepreneurs from the broadly understood "information and communication" industry, i.e. IT.
It is difficult to unambiguously interpret the "need for independence". It may result from problems with functioning in hierarchical structures, it may also mean low interpersonal competences. The report did not delve into this issue, which is a pity. Such an analysis of one's own hidden motives requires a large dose of self-awareness, which is often acquired by trial and error. Its catalyst is usually difficult experiences, overcoming numerous obstacles and challenges that every founder must face. Their accumulation leads to a phenomenon called founder's loneliness.
The editor-in-chief of Digitized, Ewa Pawlik, described it in more detail.
A good solution to support the founder may be to employ middle management staff, which often turns out to be much more valuable than it commonly seems. You can hear about why this is the case in the latest video material that appeared on the How Money Works channel.
On the one hand, bootstrapping, crowdfunding and family, friends and fools on the other - venture capital funds, business angels and entrepreneurship incubators and accelerators. There are many options for raising capital to start your own business, and young entrepreneurs may not necessarily be aware of the pros and cons of each of them. The latest Digitized guide helps to navigate through their maze.
Excerpt below:
As Jason Gordon, creator of the online business guide The Business Professor, informs, every year even 40% of business ventures receive development funds from the FFF group - friends, family and "fools" (eng. friends, family and fools). The reason why the latter are included in this category is related to the high risk of this type of investment.
The FFF group is most often not among the sophisticated investors, and their decisions about capital placement are based on wishful thinking and belief in the success of a friend or family member. For this reason, people involved in such an investment often overlook all formalities associated with it, thereby increasing the risk of capital loss. They also do not offer a formal business plan review, market analysis of the venture, or professional support in case of problems. They often do not require any loan security either.
Mastercard is introducing a new AI model created by experts in the field of cybersecurity and combating financial abuse - Decision Intelligence Pro. It is set to change the way banks analyze and identify suspicious transactions.
In Poland, from January 2024, changes have been made to the regulations regarding unregistered business activity. Taxpayers can conduct such activity, provided that the monthly income from it does not exceed 75% of the minimum wage.
As the only company in the world, it is able to produce processors in the most advanced 3 nm technology. In addition, it owns the most expensive factory ever built, and its clients are Apple, NVIDIA and Intel. How did it happen that Taiwanese TSMC became one of the most important companies in the world?
The results of this year's "Reskilling through the eyes of Poles" study show that over half of the working respondents aged 30-59 are considering changing industries. Every second person in this group is considering taking up work in the IT sector, with women declaring their desire to enter this career path more often than men.
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