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Tips to Reduce Insurance Costs for Your Business

StrategyDriven Managing Your Finances Article | Healthcare | InsuranceAs a business owner, you know that it’s important to protect the business that you have put so much into by having appropriate insurance coverage. However, even though you might appreciate the importance of having various types of insurance to protect your business, you might still be burdened by just how much it costs. Controlling insurance costs is possible in some ways, though, including by following these tips.

Choose the Right Insurance Company

One of the biggest things that will impact the insurance rates at your place of business is the insurance company that you choose. Taking your time to shop around and choose an insurance company that offers the right coverage but that also has affordable rates is very important, so if you haven’t done that lately, you might want to explore different options like Captive Insurance to see if there is a better insurance company out there.

Focus on Health and Wellness

If the health insurance rates that your company is paying are way too high, consider focusing on implementing a health and wellness program for your employees. This can help your employees live healthier and happier lives and may impact insurance costs for your business at the same time.

Focus on Protecting Your Property

You may be counting on your insurance company to protect your building, vehicles and other company property. It’s definitely good to have insurance coverage to protect these things, but taking steps to protect your own property as well can help with preventing theft or other problems and reducing insurance rates. For example, installing GPS systems in company vehicles and installing a security and surveillance system in your commercial building can both help.

Insurance rates can be a big burden for many companies. Don’t get rid of or reduce your insurance coverage because of these costs, though. Instead, look for ways that you can reduce your rates. You can start by trying the tips above, and your insurance agent might even have suggestions that can help, too.

Solutions For When Cabin Fever Sets In At Your Home Office

StrategyDriven Practices for Professionals Article |Home Office|Solutions For When Cabin Fever Sets In At Your Home OfficeWorking from home is a great way to run your own business, enjoy a better work/life balance, save business costs and more. With more and more people adapting to home working as a result of COVID-19, it could soon be the new normal for a lot of people.

But despite the many benefits of working from home, it can be difficult to focus at times. It can also become difficult to separate your work and home life, creating an imbalance that can be hard to break. So what can you do when cabin fever sets in at your home office? Here are some things you can do to shake things up.

Move into a bigger space

Sometimes a home office can be a temporary solution, or you can soon find yourself outgrowing your space. Expanding your office or moving to a different space can help make things feel more permanent, as well as make your office better fit for purpose. If you’re looking for a larger space, why not convert your garage into a home office? You’ll be away from the house itself, putting a bit of distance between your work and home life. From your garage, you can benefit from some peace and quiet, helping you enjoy a more productive workday.

Consider a co-working office

It’s easy to miss the office environment once you start working from home. One way you can solve this is to use a co-working office, even if it’s only a couple of days a week or month. By renting an office, you could meet some like-minded people, benefit from some great facilities and enjoy a break from your home office. Co-working can be an affordable solution for freelancers and small business owners, working as a great alternative to renting a space full time.

Improve how you manage your schedule

If you’re struggling to find a work/life balance when working from home, you might need to look at your schedule to see if you could work more productively. From choosing different working hours to making sure you take a break during the day, you can change your routine to help you find the right balance.

Lighten your workload

If you find yourself working late into the evenings or having to work weekends, your workload could be too much. In these situations, outsourcing some of your work could help make things more manageable, freeing up your time to focus on running your business. You can outsource admin, accounting, and other business functions, helping you to do the best for your business.

Your home office can be an excellent way for you to work, giving you some freedom and flexibility. But when things get too much or you need a change of scenery, it’s good to know that you’ve got options. Reevaluate your home office space to see how you can improve your work environment to help you work more effectively, and get to make the most of your life outside of work too.

How Everyone in Leeds Can Learn to Become More Sustainable

StrategyDriven Practices for Professionals Article | How Everyone in Leeds Can Learn to Become More SustainableThe choices that you make on a day to day basis can affect the environment around you. It’s true that this isn’t new information, but some people may find it hard to adopt a more sustainable option, especially since you are always surrounded by plastic, use cars as a mode of transportation, rely on electricity and so on.

For everyone to learn how to become more sustainable, they need to change some of their daily habits. Whether it’s saving energy, finding different modes of transportation, reducing, reusing and recycling, and adopting sustainable fashion options, there is always something that you can do.

Save Energy at Home

Turning off the lights when they are no longer in use, embracing natural light during the day and finding a more environmentally friendly light bulb are all ways that you can save energy within the home and even save money on your monthly electricity bill at the same time.

Captain Green Solar Brisbane advises that nowadays, there are solar panels that you can purchase that can further help you lower your carbon footprint.

Modes of Transportation

Often the car is the go-to mode of transportation for people depending on where you live, but have you ever thought about some of the alternatives?

Biking is not only good for the environment but it’s healthy and taking the bus or train to where you need to go will also allow you to save money on petrol or diesel. Plus, public transportation gives you an opportunity to read a book while you are on the journey!

If you live close enough to your workplace or are even nearby your local supermarket, you could walk to your destination. If the weather is nice, why not?

Reduce, Reuse, Recycle

Reduce, reuse and recycle are the three R’s that everyone should live by. Already, the world’s landfills are overflowing, and plastic is often winding up in the ocean. The three R’s is part of the answer to this problem.

There are companies that you can call to assist with your waste management, no matter where you are located in the UK. Additionally, some companies will ensure they don’t take the rubbish to landfills, but rather minimise the environmental impact of your waste disposal needs.

Sustainable Fashion

Many adopt a ‘fast-fashion’ mentality, but sustainable fashion is so much better for you and the environment alike. The next time you want to purchase a new garment to add to your wardrobe, why not visit a charity shop or a vintage shop to see what you could find? You will not only end up buying something unique, but you know that you are also purchasing something that is high quality and long-lasting.

The big underlying question could be, why should everyone care about adopting the sustainable option? The fact of the matter is, the choices that you make now will not only affect your life but the future generations as well. That is why adopting an eco-friendlier lifestyle will benefit everyone, and the good news is that you can always start small, such as some of the tips mentioned thus far.

 

Managing the Power and Promise of High-Performance Computing

StrategyDriven Organizational Performance Measures Article | Managing the Power and Promise of High-Performance ComputingAs we battle global threats, from COVID-19 to global warming, achieving new heights in data analysis will enable new solutions to world problems. The next major milestone in High Performance Computing (HPC) is “exascale”: over one billion billion calculations per second. These new exascale systems combine the latest technologies in AI, engineering and science, to achieve performance faster than any supercomputer before. But perhaps most surprisingly, these computers will use technology from videogames to achieve this goal.

In 2019, Hyperion Research predicted 26 exascale and near-exascale HPC systems to be deployed between 2020 and 2025, with spending increasing to $39 billion in 2023. Hyperion also estimated that HPC applied to artificial intelligence (AI) would experience an almost 30 percent compound annual growth rate. The largest HPC systems are being created by government institutions and referred to as Exascale systems. Managing this computing power will pose a challenge.

Trip Down Memory Lane

Companies have been using a variety of processor architectures over the years. In the past, normal CPUs have been able to achieve high performance if enough of them are connected together in a supercomputer. But, over the last few years, graphics processors (GPUs, a technology from videogames) have become increasingly the only way of achieving very high levels of performance.

Companies realized that none of these approaches were viable in the long term, especially in an era when many new processor architectures were available for accelerating Artificial Intelligence (AI) functions and increasingly demanding benchmarks were required. CUDA was widely adopted and providing an excellent solution, but it was not an open standard and therefore an alternative was required which would provide all the benefits of CUDA but with an ecosystem of developers and multiple hardware suppliers.

Forced Standard Created ‘Square Pegs’ Dilemma

Historically, supercomputers like Jaguar and Titan used a mix of CPUs and GPUs to reach high levels of performance in a supercomputer. But the programming model suffered loss of separation of concerns and could not remain stable. The problem was, building a mix of CPUs and GPUs in a supercomputer (called “heterogeneous processing”) creates. So a new standard was created. But with heterogeneous computing, one can’t simply add a few annotations (called “pragmas”) in a few performance-critical areas of the software to solve inherent problems. One needs to think holistically to drastically improve performance and programmability. OpenMP and OpenACC, which were originally designed for parallel computing using multi-core, were heroically adapted for heterogeneous computing using the OpenMP pragma model but it was weak in the areas of separation of concerns, error handling, and object oriented resource management, which were in demand by the newest generation of code. The CUDA programming model failed to meet expectations because it was proprietary to Nvidia’s hardware and locked enterprises into a vendor.

StrategyDriven Organizational Performance Measures eBook


Clearly Defined Standards Take a Stand

There is a momentum of movement towards SYCL, a Khronos® open-standard alternative, providing many of the standard C++ programming needs of scientists and other programmers. Companies like Codeplay have, in effect, reset the playing field. By clearly leading the definition of standards, companies can now use the same standard programming model with non-Nvidia processors, as well as Nvidia GPUs. This sets a new high-water mark for standardized heterogeneous computing, ideal for enterprises that employ accelerated processors. The goal is to leverage the open standard, which has long been a requirement of high-performance computing as their workload can last 20 years while their hardware can change every five years.

Agile HPC Software Solutions

Codeplay’s Acoran® platform integrates all industry-standard technologies needed to accelerate complex software. It provides platform-level integration between processors, open-source frameworks, and standard programming models that finally allow users to develop their own custom accelerated software.

Acoran combines the open programmability and a wide feature-set of proprietary solutions like NVIDIA’s CUDA, with the open-source, future-proof, standards-based flexibility of the Intel supported oneAPI. This allows Acoran to be easily adopted by processor vendors for new accelerator processors as well as software developers seeking high performance for their innovative algorithms.

The world of HPC is rapidly expanding. Some will adopt an in-house approach; others will seek refuge in cloud-based solutions. But the need for standards-based easy-to-integrate solutions will always remain a top priority.


About Codeplay

A world pioneer in acceleration technologies, Codeplay Software continues to develop effective tools that enable complex software to be accelerated using graphics processors. Codeplay has long recognized the need to address a market looking for standards-based solutions — solutions that are easy to integrate between multiple vendors. The company works with the world’s leading technology businesses to build advanced intelligence into devices ranging from smartphones to self-driving cars. For more information, visit www.codeplay.com.

Managing Your Business Better In A Post-COVID World

StrategyDriven Managing Your People Article |Post-Covid|Managing Your Business Better In A Post-COVID WorldThe battle with COVID-19 is far from over. There is a long way to go before the world can confidently say that it has a handle on the virus and that life can return to normal. However, many businesses are cautiously looking towards the future, and how they can adapt the way that they work in light of the pandemic, and the changes that we may have to make in the future.

The way we work has changed completely. While most companies were already moving towards being digital, this has accelerated the process somewhat. What other changes can you implement in a post-COVID world to help you to manage your business better?

Take feedback on board

It can be difficult to ask for feedback. After all, no one wants to hear what they are doing wrong, even if it is for the good of their business, but it really can make a significant difference.

The most obvious place to start with this is on your reviews and social media pages. If the same comments and criticisms about a particular product or business product keep cropping up, take heed and do something about it.

However, you can also create a focus group, made up of your target audience, and ask them what they think you are doing well and where they think you could improve. Above all else, take the feedback on board. Customers like to know that their opinions matter, so show them and tell them of the improvements that you have made based on their feedback.

Outsource tasks

Small business owners wear so many hats, and sometimes, one can slip and make the whole thing fall apart. Stop trying to do everything yourself and outsource. What is the point of you sitting there staring at a spreadsheet full of numbers that you do not understand when you can search for things like ‘a bookkeeper near me’ to do the hard work for you – and do it better!

Aim for a better work-life balance

If there is one thing that the coronavirus pandemic has taught us, it is that nothing is more important than our health. When you are not healthy, you can’t work as productively or efficiently as you could, so it is not only in the best interests of yourself and your family to stay healthy, but your business too.

One of the biggest health issues affecting business owners is burnout. As mentioned above, they wear so many hats and try to do so many things that you can end up burning out, which can be terrible for our health. Make sure you take time to be you, and not just a business owner.

Stay positive

We are in a situation like no other, and no one has any idea what the future is going to hold. There are undoubtedly going to many challenges in the road ahead, and sometimes, you may well feel like quitting. However, try to stay positive. You are far from the only person or business experiencing feelings like this, and while some will end up closing, many will survive, and come back stronger than ever.