Nicholas Fainlight | Business Development Associate, Hartford, CT

Nicholas Fainlight is an aspiring finance professional.

Category: Technology Page 1 of 2

What Are The Biggest Tech Trends To Look For In 2022?

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On March 21, 2022

In Leadership, Nicholas Fainlight, Technology

With technology advancing at a seemingly exponential rate, it can be difficult to keep up with the latest trends. However, in this blog post, we will take a look at the top personal tech trends for 2022. Some of these trends may seem futuristic, but they are all very real and could have a significant impact on our lives in the near future. So without further ado, let’s get started!

The rise of the metaverse

The metaverse is a digital world that exists parallel to our own. It is a place where people can interact with each other and with digital content in a way that feels realistic and immersive. This trend is being driven by the increasing power and capabilities of virtual reality technology.

The concept of the metaverse has been around for many years, but it is only now starting to become a reality. In 2022, we will see the metaverse start to take shape as more and more people begin to use VR technology to create and explore digital worlds.

A chip shortage

A global chip shortage is currently underway and it is expected to last until at least 2022. This shortage is a result of the increasing demand for electronic devices, which has outstripped the supply of chips. The effects of the chip shortage are already being felt by the electronics industry, and consumers will likely start to see price hikes for devices such as laptops, smartphones, and gaming consoles.

The chip shortage is expected to have a major impact on the personal tech industry in 2022. Many companies will be forced to delay or cancel new product launches, and price increases are likely to become the norm.

The death of the smartphone

The smartphone is one of the most ubiquitous devices in the world, but its days may be numbered. In 2022, we will start to see the first signs of the demise of the smartphone as new technologies begin to take their place.

One of these new technologies is foldable phones. These devices are already available, but they are still very expensive. In 2022, we will see the price of foldable phones start to come down, making them more accessible to the average consumer.

Final Thoughts

These are just a few of the personal tech trends that we can expect to see in 2022. It is sure to be an exciting year for the industry, and we can’t wait to see what innovations and technologies emerge.

Nicholas Fainlight Understanding AI in Healthcare

Understanding AI in Healthcare

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On February 24, 2022

In Career, Nicholas Fainlight, Technology

Technological innovation in healthcare can make drastic improvements in the care patients receive. Co-founder and CEO of Penumbra Inc., a global healthcare company, talks about his top tips for making healthcare more effective through technology. Being able to invent and develop new products is essential when addressing the complex needs of patients. Doing so could help your company stand out from the competition or allow it to provide new and more effective solutions.

Penumbra’s technology has been shown to improve the quality of life for patients suffering from vascular disorders. The company was founded in 2004 to develop a way to remove blood clots from the brain effectively. Currently, treating these clots with anticoagulation medication can lead to severe complications. Penumbra’s technology offers a revolutionary alternative.

Through its commitment to improving the quality of life for people, Penumbra sees the potential of immersive healthcare as a way to help millions of individuals. This technology, which is already being used in healthcare, can provide patients with various experiences and support their physical rehabilitation.

As a company that values continuous improvement, Penumbra encourages its employees to try new things and develop new ideas. One of the company’s fundamental values is its belief in its employees. This is evidenced by the way it treats them throughout its projects. Most companies structure their work environments so that it’s difficult for people to come up with new ideas. This can prevent them from developing genuinely revolutionary ideas that drive further breakthroughs. According to Elsesser, cultivating a culture that encourages people to share their thoughts and develop new ones is very important to ensure that the company’s continuous innovation is successful. To achieve this, leaders should regularly hire the best candidates and ensure that the people they hire can contribute to the company’s success.

Sometimes, an idea can be truly transformative, but Elsesser warns that it often takes a long time to develop new ideas due to the various steps needed to get them to fruition. The company’s continuous improvement program is focused on identifying and improving key product lines. This strategy has allowed Penumbra to expand its reach beyond the acute stroke intervention space and into other areas such as rehabilitation and physical therapy.

 

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Healthcare Tech Trends to Watch For in 2022

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On January 26, 2022

In health, Investing, Leadership, Nicholas Fainlight, Technology

Healthcare is a rapidly changing industry, and that’s for a good reason. Technology is making it easier to provide care in more rural areas with telemedicine, while also providing cheaper healthcare services in cities. As technology continues to change the way people live their lives, so too will it change the way they receive medical treatment. Here are four healthcare tech trends to watch for in 2022:

Advanced Precision Medicine

Precision medicine is a form of treatment that uses information about a person’s genes, environment, and lifestyle to prevent, diagnose, and treat diseases. This type of medicine is still in its early stages, but it has the potential to revolutionize how we treat cancer and other diseases. In 2022, precision medicine will become even more advanced, with the ability to target specific cells within the body. This will allow doctors to treat diseases more effectively and with fewer side effects. Precision medicine is also being used to develop new vaccines and treatments for rare diseases.

Healthy Systems Will Adopt Cloud-Based Systems

One of the biggest challenges for healthcare organizations is storing, managing, and protecting patient data. This information can be sensitive, so hospitals must ensure they have secure storage facilities. However, this means investing time and money into data management infrastructure instead of focusing on their core business function: treating patients. In 2022, more healthcare organizations will adopt cloud systems to store and manage patient data.

Increased AI Adoption

Artificial intelligence (AI) will play a more significant role in healthcare in 2022. AI can help doctors make faster and more accurate diagnoses, while also helping them to reduce the number of unnecessary tests they prescribe to patients. Similarly, AI can be used to predict which patients are likely to develop chronic conditions like diabetes or heart disease. It can then provide personalized treatment plans that will help them manage these diseases before they progress into something more serious.

Digitization of Healthcare Specialties

In 2022, healthcare will be even more digitized. This means that doctors and other healthcare professionals will rely increasingly on digital tools to help them with their work. For example, surgeons will use virtual reality to practice surgeries before performing them on patients. Nurses will use mobile apps to track patient vital signs and medication schedules. Pharmacists will use digital tools to identify drug interactions and recommend alternative medications.

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How Public Relations Still Plays a Role in Social Media

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On July 27, 2021

In Career, Finance, Investing, Leadership, Nicholas Fainlight, Technology

Most organizations have a well-structured public relations policy that has proven to be a more direct and result-generating channel for communicating with their stakeholders and getting almost instant feedback.

Before the advent of online and social media acceptance and robust growth, the otherwise accepted description of public relations relied primarily on contact and traditional modes of relations. It has, however, drastically shifted, with a lot of focus being directed towards social media. In this context, social media refers to the mainstream platforms that allow for remote interactions with an almost instant feel regarding interaction.

The exponential growth of social media

Social media has onboarded close to 4 billion users through the various platforms available to them, providing the various organizations a deep and ever-expanding pool of potential clients. A growing number of organizations have mastered the art of intertwining public relations with social media through their various interfaces that include mainstream avenues Like Facebook, Twitter, and YouTube.

As of the end of the first quarter of 2021, internet accessibility was reported at 65 % of the world population, further compounding the overall penetration of social media. Organizations that have capitalized on their social media handles to drive their public relations policies are deemed to have a better reach and are better positioned to engage their current and potential stakeholders directly.

The case for public relations in social media

In general, public relations and social media have proven to be inseparable and to portend insurmountable synergy looking into the future. The necessity is of immense importance to the policymakers of organizations and businesses across the various levels. Under normal circumstances, the earlier the adoption, the stronger the foundation that the institutions can establish.

Overrated Business Tips To Forget

Overrated Business Tips to Forget

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On January 28, 2021

In Career, Education, Finance, fitness, health, Investing, Leadership, Nicholas Fainlight, postgraduate, Technology, Uncategorized

Wherever you go, people provide unsolicited guidance on how to grow, run, or start a business. Out of the pointers they offer, some are valuable, and you must observe them. However, others are misinterpreted, outdated, or just plain wrong for the business you’re running. Here are some overrated business tips to forget.

1. Your Service or Product Must Be Unique

Businesspersons are often advised to outline what makes them stand out. However, it is not necessary to find an exclusive approach to achieve corporate success. A subtle change may improve the entire experience.

2. Customers Are Always Right

Do you need to make the customers happy? Yes. However, if your main goal is to please people, you may end up in a world of unnecessary suffering. It’s best to pay attention to the things that bring you a long-term profit, not the things that take your energy and time.

3. Do Not Start a Business With Your Friend

Many people think it’s a bad idea to start an enterprise with a friend, but that’s not true—friends whose expertise supplements each other may build a thriving business. Establishing a company may be straining to the relationship; however, the benefits of operating with a person you trust may be worth it.

4. Promote Your Business on Facebook

Companies have acknowledged that paid advertising is the only path to increase your Facebook image, which is still one of the world’s best social platforms. However, it is not always the top place to use up your advertising budget. There are other more effective means to reach your audience for a much lower price per lead, for instance, on platforms like Pinterest.

5. Concentrate on Your Site Instead of Building the Brand

It is important to have a brand that reverberates with ideal customers. However, investing all energy and time in the “perfect” site is not how to make it.

6. Never Reject an Opportunity

It is tempting to “do it all” and take all opportunities that cross your path at the beginning of your business. Saying “yes” to all opportunities in your corporate encounters will stifle your time and dilute your brand.

7. Gather as Much Cash as Possible

Each business needs cash to start and grow; however, not all businesses must seek that through financiers. While funding may help some companies grow significantly, other lifestyle corporations are at an advantage without it.
Finally, despite all the advice that entrepreneurs receive, they should filter what is right for their business.

How To Balance Profit And Purpose In Business

How To Balance Profit And Purpose In Business

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On January 28, 2021

In Career, Education, Finance, fitness, health, Investing, Leadership, Nicholas Fainlight, postgraduate, Technology, Uncategorized

Entrepreneurs need to build business empires while still staying committed to their purpose. A significant number of business people struggle to commit to their purpose while still keeping their enterprises profitable. Businesses need to demonstrate their contribution to humanity while still growing their profit margins. Here are ways businesses can balance profit and purpose.
Go Green

In the past few years, many businesses have shown their commitment to adopting more sustainable production methods. No matter the size, every organization can play a role in reducing its environmental footprint. Surprisingly, the current generation prefers to buy green products. Therefore, companies that will demonstrate high sustainability credentials will gain numerous customers who want to buy green.

For instance, manufacturers can reduce carbon emissions by sourcing closer to home. When raw materials are transported for short distances, it helps cut both transport costs and carbon emissions. Besides, leaders who have a passion for conserving the environment can shift to renewable energy sources.

Find an Inspiration

Walk away from your comfort zone and start doing something new that challenges you. Learn from these things and find inspiration in them

Leverage Technology

Technology is changing every aspect of life, including how consumers interact with brands and how they buy products and services. For example, online sales have doubled in the past five years. Additionally, organizations are using machines to understand customer needs better. This means that businesses must stay on top of the latest innovations to remain competitive in their respective industries.

Share Your Success

Entrepreneurship is a murky journey characterized by ups and downs. Therefore, successive entrepreneurs should consider sharing their experiences with novice business people. When you balance profit and purpose, your impact is significant and tangible, and more consumers will want to be associated with your business.

Understand Your Purpose

Purpose goes beyond providing high-quality goods and services to consumers. It also means that your business prioritizes the common good of the community. For example, some companies such as Unilever have already developed a unique living plan to track their progress of minimizing their environmental footprint. Business leaders should devote time to learn about societal impact and how to improve it.

To change business operations to meet new expectations requires exceptional and visionary leadership. In today’s versatile business world, leaders who will adopt agility will be in a better position to achieve long-term success.

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Social Media Marketing Through Instagram

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On September 16, 2020

In Career, Investing, Nicholas Fainlight, postgraduate, Technology

Marketers using TikTok should consider switching to Instagram. The social media platform now offers Instagram Reels, which has many of TikTok’s features, including a way for new creators to find a following. Instagram’s Explore algorithm makes it notoriously difficult for marketers to have their Stories found. Brands can share their Reel to their Stories and their Profile’s Reels tab. Instagram users will also see Reels on their Explore page.

TikTok may not be around for long. A potential ban is leaving TikTok influencers asking their fans to follow them on other platforms. President Trump already signed an executive order barring U.S. companies from doing business with TikTok after Sept. 20th. American companies that violate the order could face a fine of up to a $1 million fine.

Marketers can get on Instagram Reels now and take advantage of new Instagram users influencers bring and the already one billion active users each month. Reportedly, Mark Zuckerberg is trying to lure popular TikTok influencers to switch to Instagram, which Facebook owns. Facebook has deep pockets too, deeper than TikTok, which is trying to keep influencers with incentives. Facebook’s rumored offer of bankrolling video clip production for influential creators to post their content exclusively on Instagram reels will be hard for TikTok to beat.

Only 28 percent of marketing professionals use Instagram. Expect this number to rise once Instagram Reels catches on as a way to reach a young audience with 15-second video clips with catchy music. Businesses have a chance to show off their fun side with authentic content on Reels. Humanizing a brand is an ideal way to build genuine relationships with their fan base. Features like Instagram Reels let brands showcase their personality.

Other marketers are considering educational content for their Reels. As Reels were released early in certain countries, brands have been sharing recipes and providing helpful tips. Sephora France already has popular makeup tutorial Reels. They encourage engagement by asking viewers about their favorite eye shadow color.

Marketers who start using Instagram Reels early on will find the competition is low in the U.S. market. With many influencers jumping ship from TikTok to Instagram Reels, it’s a great time for brands to find influencers to develop branded Instagram Reels.

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Remote Leadership Mistakes

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On September 14, 2020

In Career, Finance, Investing, Nicholas Fainlight, postgraduate, Technology

Just when you think you have the whole leadership process figured out, a pandemic completely changes everything. Today, instead of face-to-face interactions, you are forced to conduct meetings and catch-ups on video calls. The most important thing is adjusting to the situation and learn how to motivate and manage your team remotely. Understandably, there are new skills you will have to learn. However, many leaders are continuously failing their remotely-working teams by making the following mistakes:

Lack of clear priorities, goals, and directions

As a team leader, you have to set clear priorities and goals to improve team performance. It’s not easy to do this remotely; however, ensure you review your team’s priorities and goals from time to time. An effective team will quickly outline goals, and a good leader will give team members clarity on their roles. Use virtual meeting platforms to update your team about any changes and hold catch-up meetings regularly.

Being Extremely Rigid

Today, most managers are tracking team members’ hours and monitoring daily activities to determine if the employees are working the agreed number of hours per day. Everyone can benefit from a flexible work schedule. Having a better integration of personal and work life can lead to a healthier, more productive, and happier team. As a leader, you should stop micromanaging and tracking how many hours an employee has spent on their screens. Instead you should focus on their daily achievements Give your team some space to breathe and don’t be so rigid. They know what works best for them.

Unproductive collaborations and communication

When working face-to-face, most collaborations and communications take place through informal conversations and interactions. However, this is not there with virtual teams. You need to find ways to foster better communication. The best option is to take advantage of online conferencing platforms such as Zoom.

Unconstructive, inconsistent and non-existent feedback

Giving employees feedback will motivate and improve their performance. It also keeps the team members satisfied since it shows you have their best interest at heart. Be consistent, offer suggestions on how they can improve, and coach them. Let your team learn from you, accept their feedback, and act on it. You can offer frequent feedback to your team through short video calls and creating one-on-one time with individual team members.

Nicholas Fainlight - Online School

Tips For Making Online Grad School Easier

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On July 12, 2020

In Career, Education, Nicholas Fainlight, postgraduate, Technology

Attending grad school is a wonderful opportunity for anyone looking to further their education and become more successful in life. You’ll find that many students choose to attend grad school online because many go later in life while they have full time jobs or are starting families. In today’s day and age with issues such as COVID-19 affecting the world in many ways, even more students are beginning to attend graduate school from the comfort of their homes. Attending school in any capacity from home can be stressful but it doesn’t need to be as difficult as you might think. Here are a few tips to help make attending online grad school a little easier.

Make Sure Your Computer Is Up To Date

If you’re going to be doing online graduate school classes it’s extremely important that you not only have a computer, but that you make sure it’s up to date and functioning properly. You’ll be dead in the water without a properly working computer and making sure it’s up to date will give you far less headaches. Nobody likes turning their computer on first thing in the morning and having to deal with surprise updates when they have to submit something or attend an online seminar. It’s also important to make sure your internet connection is up to snuff as well, otherwise the whole process may be a slog.

Establish Your Work Space

One of the most difficult aspects of taking online classes is doing your work from the comfort of your home. While that may sound nice, it can actually be more difficult than you might think. It’s easy to get too comfortable when at home and get distracted from your work. You’ll want to treat your online classes as if you’re physically going into the classroom. Try to continue doing any routines you might usually do when going into a physical classroom – if you shower every morning, make sure you do that now as well. Make sure your workspace is clean and avoid distractions such as television or social media websites.

Practice Self Discipline

This goes along with establishing your workspace, but having self discipline is of the utmost importance when doing any type of work or learning from home. It’s extremely easy to get distracted, whether it be by your favorite websites, chatting with friends or watching the television. You might be inclined to try and power through your lessons and get ahead of where your class is currently at, but it’s important to take things a step at a time. You’re going to have a lot of materials to digest and if you don’t let yourself absorb the material and truly understand it, you’ll end up struggling later down the road.

Group of people sitting around a table with an open laptop and graphs and papers, Nicholas Fainlight improve credit score

4 Tips for Improving Your Credit Score

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On April 29, 2018

In Finance, Investing, Nicholas Fainlight, Technology

Once you graduate college and begin your life after school, you likely realize how important a credit score is for various decisions. You may have had to deal with issues relating to your credit score beforehand, but it’s certainly something you must pay attention to now. Your credit score affects whether or not you can open credit cards, get a car loan, or get approved for a mortgage. Many landlords also want to know your credit score to see how reliable you are when it comes to making payments. You may have a low credit score or not much credit at all, but there are certainly steps you can take to build it into a respectable number. However, you need to understand that it takes time and hard work to reach an excellent score.

Open accounts with credit

For many recent graduates, you might not have much credit at all, which leads to a low score. The first step to take is opening accounts that utilize your credit; the earlier you take this step, the better. There are plenty of student credit cards out there that are easy to get approved on, or ask your parents to add you to one of theirs. Even using the card a few times a month and then immediately paying it off helps improve your credit score. Be aware that opening new forms of credit means a credit report will be pulled for you to be approved, which often temporary drops your credit score a few points. This drop is completely normal and goes back to what it should be within a few months.

Make payments on time

Something that seriously damages your credit score is making late payments. Even a single late payment on credit can lower your score. If you’ve been notorious for this issue and it’s what caused your score to be so low, change your methods starting today. Set alerts for when your payments are due or even set up automatic payments so you don’t have to worry about forgetting at all.

Regularly check your credit score

If you want to really make a difference in your credit score, you need to be aware of any changes to it, whether positive or negative. The more you familiarize yourself with the score and see fluctuations, the better able you are to make decisions that impact your finances. It’s also important to regularly check your credit score so if a fraudulent account is ever opened in your name, you can report it as soon as possible and prevent it from seriously affecting you. Credit Karma is a great resource to use and can be downloaded as an app on your phone.

Pay off debt

If you want to see immense improvement to your credit score, pay off current debt. Even paying off a single debt can boost your score several points. Make larger payments than required and avoid paying more interest than you have to. While paying off your debt, consider using the debt snowball method in order to receive the maximum benefit.

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