Author: Editor

AI will play an important role in successfully implementing the ASC 842 lease accounting standard. In recent years, lease accounting standard ASC 842 has replaced the ASC 840 standard. As per the Financial Accounting Standards Board updated accounting standards, ASC 842 requires that all leases, whether operating or finance, be recognized on a company’s balance sheet as right-of-use assets and corresponding liabilities. Consider the example of a data center lease. Under the lease, company A uses the space owned by company B for the data center’s servers. Company A pays monthly rent to company B. It is a type of…

Selecting a health insurance plan isn’t just a good financial choice — it’s what you need, to be able to live with peace of mind, especially when health concerns hit you! Understanding your health insurance needs Start by assessing your current health and medical history to identify immediate coverage requirements. Consider potential future health issues based on your family medical history and lifestyle choices. For example, if there is a history of diabetes or heart disease in your family, you might want a plan that covers these conditions extensively. Your health insurance needs also change with varying life stages. When…

The most important product of the 20th century, Daniel Yergin showed in his Pulitzer Prize–winning book, The Prize, was oil. Since the century’s early years, he wrote, “oil has meant mastery.” Those who had it or could get it ruled the world. It’s now increasingly clear that the prize of the 21st century is the semiconductor. Just as oil influenced momentous events of the 20th century, semiconductors are playing the same role. Secretary of State Antony Blinken declared the new era in October 2022, just days after the federal government imposed historically broad controls on the export of chips and…

More than half (54%) of organisations say AI is the main driver of their cloud investments. This is according to a study by technology services and consulting company, Wipro, which has released its first ‘Pulse of Cloud’ report highlighting the evolving dynamics of cloud and artificial intelligence (AI) adoption across industries. ‘The Pulse of Cloud: Quarterly Report July 2024‘ by Wipro FullStride Cloud reveals the impact of AI on cloud investments. As organisations prepare for an AI-driven future, companies are increasing investments in cloud, with more than half of the survey respondents indicating that they are increasing investments in hybrid…

A groundbreaking approach to personalized learning could address the challenges of teacher shortages, understaffed classrooms, and ineffective self-learning, which have intensified since the pandemic. The EdYOU solution introduces an AI-powered learning tool designed to revolutionize educational experiences for students and career changers alike. According to Education Week, the National Center for Education Statistics, and the U.S. Bureau of Labor Statistics, an estimated 270,000 teachers and staff leave their positions annually. The pandemic exacerbated this issue, with 41 states and the District of Columbia experiencing shortages in various subjects and grade levels. Currently, many states face more vacant positions and underqualified…