Tausi Insider

Opinions expressed by Entrepreneur contributors are their own. This past weekend, I had a rare opportunity to kick back and relax. I needed a few supplies before I settled into my couch, so I grabbed my Amazon Fire phone and headed out to the local shops. I didn't need to bring any cash — my Amazon Wallet had me covered. When I got home, I nearly tripped over the box of laundry detergent my Amazon Dash had ordered. I remembered to book my trip to New York City on Amazon Destinations, and just as I confirmed my hotel, the doorbell rang, signaling the arrival of my order from Amazon Restaurants. I grabbed my food, settled into my comfy couch and spent the rest of the day playing Amazon's online game, Crucible. Of course, none of this happened. Because while all of these Amazon products and services are real, they no longer exist. They were experiments that failed to achieve critical milestones, and Amazon shut them down. One of the things that made Jeff Be...

Opinions expressed by Entrepreneur contributors are their own. "There is no kind of dishonesty into which otherwise good people more easily and frequently fall than that of defrauding the government." These words of wisdom from Benjamin Franklin have, unfortunately, proven timeless. People have been defrauding the government for centuries, but last month, the US hit an estimated $45 billion in COVID-19-related unemployment fraud. Now the government starts the long, costly and inefficient process of recouping the money, conducting investigations and punishing those responsible. This process is often called the "pay and chase" model. With all that fraud, it can be challenging for government agencies and private companies to separate the wheat from the chaff (or, in this case, the fraud from the noise). For example, is a person calling your call center with a device you haven't seen before actually an existing customer with a new phone or s...

Opinions expressed by Entrepreneur contributors are their own. Although companies — especially tech startups — tout themselves as "innovative," most are unclear about how innovation works or what it looks like. People throw around "innovation" as the newest buzzword, joining the likes of "creator" or "disruptor," without ever truly knowing its meaning. This is why major media outlets such as CNN reported on the latest smartphone emojis under the banner "Innovate." These emojis get lots of press and accolades, but are they actually tech innovations? Not really, though it'll be interesting to see how often we can plug a ginger root emoji into a text. Too often, we equate "newness" with "technological innovation." But a slightly amplified version of a product or service isn't innovation. Truly innovative technology ruffles feathers and challenges orthodoxies. It might cause anger because...

Opinions expressed by Entrepreneur contributors are their own. The past three years have changed nearly every industry. Where business used to be conducted in person, in offices and laboratories, the coronavirus pandemic forced a change. When remote work became mandatory, even traditional industries like the biopharmaceutical sector had to embrace new technologies. Today, the world may no longer be required to isolate and keep a distance, but the influence of advanced technologies is only growing. Their potential is apparent in shortening the time it takes to bring medications to market, dealing with supply chain issues and personalizing medicine. The paradigm shift of biopharma The biopharmaceutical industry has a reputation for being rather traditional. Despite its dependence on research, development and innovation, the industry has relied on tried and tested ways of conducting research. Conducting clinical trials and bringing new medications to the market ten...

Opinions expressed by Entrepreneur contributors are their own. Machine learning is much more than a buzzword — it has become a major player for many businesses. More and more companies are implementing machine learning and other AI tools to supplement or streamline their activities. This is especially true after the Covid-19 pandemic accelerated the adoption of machine learning. The way that your company implements machine learning can have a direct impact on its performance in the year ahead, especially as AI tools become utilized in a broader range of business activities. By understanding the areas where machine learning is poised to have the greatest impact, you can move proactively to adopt these tools for your own entrepreneurial efforts. Related: Learn How Machine Learning Can Help Your Business Decision-making automation: Machine learning's ability to proficiently analyze and interpret large amounts of data in a rapid timeframe has made it an essenti...