Illinois Offers $100 Million in Loans to Federal Workers

Emerging Technology, Government Business

Article | October 7, 2022

Machine learning is a subset of artificial intelligence that can be found almost anywhere. Believe it or not, even coffee roasters are beginning to employ machine learning algorithms to better understand when coffee lovers will crave their next cup of joe. The ability to innovate is one of the most highly prized qualities in today’s tech-driven world, which has led to a stunning range of machine learning applications across multiple industries. Here are the top five real-world examples.

Government Business

Article | March 11, 2022

The pandemic has blown up entrepreneurs and start-up ecosystems, so government support for start-ups has become critical. The majority of them faced cash shortages and a lack of venture capital. For start-ups, cash is the most pressing issue. Furthermore, start-ups experienced a slow fundraising process accompanied by investor indifference. Furthermore, the global workforce was not left untouched by the spillover. Start-ups began to lay off employees and reduce pay. According to StartupGenome research, three out of every four employees were letting their employer down. While 39% of them laid off 20% or more of their workforce, two-thirds admitted to laying off 60% or more of their full-time employees. In the United States, the economy experienced the sharpest decline in employment, with 20.5 million people losing their jobs. Following that, in order to address this and reduce the pandemic's impact on start-ups, the governments of many countries have stepped in to save their country's start-up ecosystem. We've listed a few of the government's initiatives to help start-ups during the current cash crunch. Direct grants and zero-interest loans: Right now, cash is the most important concern for new businesses. Grants are regarded as the most beneficial policy instrument (29%), followed by loans (12%). Access to venture capital investment: If history is any guide, venture capital activity will likely decline in 2020 as well. This creates a quandary for the 18% of start-ups that require access to financing tools to increase investment. Employment support schemes: COVID-19 has had an impact on workforces all over the world. The US lost a record 20.5 million jobs in April, the fastest and sharpest drop since the government began tracking the data. Given these circumstances, it's no surprise that 17 percent of start-ups rank immediate employee protection as one of their top priorities.

Emerging Technology

Article | July 16, 2022

Artificial intelligence is the major buzzword in federal IT these days, the way that cloud once was. It’s easy to see why. There is booming investment in AI in the private sector, and various agencies across the government are experimenting with AI to achieve their missions. The National Oceanic and Atmospheric Administration is working with Microsoft to use AI and cloud technology to more easily and accurately identify animals and population counts of endangered species. NASA is ramping up the use of AI throughout its operations, from conducting basic financial operations to finding extra radio frequencies aboard the International Space Station. And the Defense Health Agency’s dermatologists are even using AI to better monitor patients’ skin.

Article | May 26, 2021

Government agencies seek to deliver quality services in increasingly dynamic and complex environments. However, outdated infrastructures—and a shortage of sys­tems that collect and use massive real-time data—make it challenging for the agencies to fulfill their missions. Governments have a tremendous opportunity to transform public services using the “Internet of Things” (IoT) to provide situation-specific and real-time data, which can improve decision-making and optimize operational effectiveness.