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Third-party technology partners accelerate integration, digitization and dexterity in B2B commerce

TradeCentric’s Michael Sonier explains why your business must modernize their buying and selling processes.

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The last few years have highlighted the divide between early adopters and laggards of automation and digitization. Buyers and suppliers that invest in integration capabilities between eCommerce platforms and eProcurement systems have outshone their competitors — and they are reaping the benefits via improved efficiency and stronger trading partner relationships.

While many industry leaders are interested in providing a more sophisticated commerce experience, for too many B2B commerce remains a manual and tedious process. Digitization efforts place a heavy burden on teams that are often already-strained, including IT, eCommerce and digital procurement.

SEE: Hiring kit: Data scientist (TechRepublic Premium)

Industry leaders, especially those in the technology sector, must be more resourceful than ever to achieve the speed and volume of digitization requirements of businesses today.

Given the current environment, C-level executives and IT managers would be wise to take proactive steps that reduce the workload associated with the integration and automation of eCommerce and eProcurement systems. As the B2B sector embraces digitization, it is time for businesses to modernize time-consuming buying and selling processes while scaling connectivity.

Accelerating time to value

Automation and integration are key technology focus areas for leading B2B buyers and suppliers. Organizations are implementing solutions like PunchOut, Purchase Order (PO) Automation and Invoice Automation to support seamless digital commerce. However, businesses that attempt to tackle integrations in-house are bound to encounter the complexities of executing this type of integration.

First and foremost, developing these integrations takes time. Each solution requires a separate connection. Companies that choose to develop and maintain these integrations in-house must understand the hours of development work and testing required to ensure these systems are set up properly and functioning as they should. The process can be overwhelming for teams who have never been exposed to this type of integration. And even if a team has created 10, 20 or even 30+ integrations, there is still a time requirement to build each integration. In our experience, having implemented more than 15,000 of these integrations, the nuances of source system implementations means that connecting routes and maintaining them is rarely plug and play.

Successful integration requires expertise to understand the nuances of B2B commerce with a platform flexible enough to adapt to the intricacies of buyer and supplier systems. Third-party integration solutions providers specialize in building these integrations, and they often have pre-built connectors that expedite the integration process. Because B2B commerce integration is the sole focus for these providers, they are able to significantly expedite initial integration while also managing the ongoing maintenance of these integrations.

Leveraging third parties to redirect and reallocate it resources

Technology leaders are feeling pressure from all areas of the business to keep pace with digitization. Outsourcing to third parties is one way teams can satisfy a portion of incoming requests so employees can focus on other areas of the business.

Too often, companies seek to deploy technology for technology’s sake, but this can be counterproductive if it leads to yet another platform or system that teams must manage. Ideally, technology platforms should make employees’ lives easier, not create more work.

eCommerce and eProcurement integration is no exception. Many IT teams are fielding requests to develop integrations between the two systems, but this can be a challenging feat. Most systems do not speak the same language, and creating a seamless communication flow can be tedious if not impossible. One integration may take months to complete, then IT teams must manage and maintain that connection moving forward.

Now imagine having to create, manage and maintain dozens or hundreds of these integrations simultaneously — all while the eCommerce and eProcurement systems are continuously pushing updates. That is a surefire way to drain resources and burn out employees, while also increasing FTE requirements and taking away from their ability to service other areas of the organization. The ongoing management and maintenance of these connections is as important a challenge to solve as the development of the integrations themselves. Leveraging a third party to build and maintain those integrations not only saves money and resources, but it also spares employees’ sanity.

Enhancing digital dexterity

Harvard Business Review defines digital dexterity as “the ambition and ability to use technology for better business outcomes.” Gartner reports that high digital dexterity in an organization increases the likelihood of successful digital transformation.

Despite this, a Gartner survey revealed that 83 percent of leaders struggle to make lasting and meaningful change related to digital transformation. This begs the question: “if digital dexterity is so important to the business, why are so few companies able to successfully achieve it?”

There are many factors that contribute to poor digital dexterity, but one that is often overlooked is technology teams’ inability to focus on a smaller number of key strategic technology initiatives. It should come as no surprise that IT teams are stretched thin. How can they explore innovative technologies that support digital transformation if they are constantly bogged down with manual and tedious tasks? Offloading complex integration development and maintenance to a third-party solution provider is absolutely critical to unlocking a technology team’s full digital dexterity potential.

Digital transformation is more important than ever, and technology leaders play an integral role in driving digitization within the business. It is in business leaders’ best interest to strategically partner with third party technology providers that have the resources and expertise to support integration and automation within B2B commerce so their teams can focus on technology innovations that drive increased business value.

Michael Sonier

Michael Sonier is Vice President of Product at TradeCentric, the global leader in B2B commerce integration specializing in connecting eCommerce platforms with eProcurement and ERP systems.

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US Officials Call TikTok a National Security Threat. Here’s What You Need to Know

TikTok, the popular video app, is again in the crosshairs of US officials, with a high-ranking regulator and a group of lawmakers taking aim at national security concerns the Chinese-owned service may pose. 

Earlier this week, Federal Communications Commissioner Brendan Carr, a Republican appointed during former President Donald Trump’s administration, revealed that he had asked Apple and Google to remove TikTok from their app stores. The reason: the app collects data from users that poses risk to America’s national security. 

“It is not just an app for sharing funny videos or memes,” read Carr’s letter to Apple CEO Tim Cook and Google CEO Sundar Pichai. “That’s the sheep’s clothing.” 

Google declined to comment. Apple didn’t respond to a request for comment.

Separately, nine Republican US senators, including Roy Blunt of Missouri and Marsha Blackburn of Tennessee, sent a letter to TikTok expressing concern over a report the company had given officials in Beijing “backdoor access” to data on its users. 

The letters were prompted by a BuzzFeed News report last month that China-based employees of TikTok’s parent company “have repeatedly accessed nonpublic data about US TikTok users.” The report cited leaked audio of internal company meetings, during which engineers in China discussed that they reportedly had access to US data between September 2021 and January 2022.

TikTok said it’s addressing concerns around access to US user data and would “gladly engage with lawmakers to set the record straight regarding BuzzFeed’s misleading reporting,” according to a TikTok spokesman.

“Like many global companies, TikTok has engineering teams around the world. We employ access controls like encryption and security monitoring to secure user data, and the access approval process is overseen by our US-based security team,” the company said in a statement. “TikTok has consistently maintained that our engineers in locations outside of the US, including China, can be granted access to US user data on an as-needed basis under those strict controls.” 

The recent concerns mark the latest round of turbulence for TikTok, which is owned by Beijing-based ByteDance. In 2020, the app caught the attention of the Trump administration, which ordered ByteDance to divest TikTok though that sale hasn’t happened. The app is banned on many US government-issued devices.

National security agencies and lawmakers have long cautioned about the potential danger of allowing technology companies with ties to China to operate in the US. The US government has already banned the use of telecommunications gear made by Huawei and ZTE, both Chinese giants. It has also blocked Chinese telecommunications service providers from operating in the US because of concerns they could be used by Beijing to conduct surveillance on American citizens or wage cyberwarfare against the US. 

Here are some of the key issues TikTok raises in the US:

What are the concerns about the TikTok app?

Some US officials are concerned TikTok threatens national security because parent company ByteDance could share data about Americans collected through the app with the Chinese government. That data, they worry, could be weaponized against Americans. In theory, China could use the data to build profiles and spy on individual users, monitor their activity and target them directly. Another worry is the data could be used in aggregate to attack the US, such as using data to craft misinformation campaigns that could be used to destabilize the US government. 

TikTok has repeatedly said it would never do this. 

Is the threat real?

Probably not. The CIA concluded Chinese intelligence authorities could potentially intercept TikTok data, according to a 2020 New York Times report, but that there was no evidence they had done so. 

What data does TikTok collect?

Like Facebook, Instagram and other social media platforms, TikTok collects data about your location, IP address, search history, messages, and what you look at and for how long. It also collects device identifiers to track your interactions with advertisers. If you provide access, it can also collect your phone and social network contacts. It also has access to all your user-generated content through the app, which includes all those videos and pictures you post.

Like other social media services, TikTok uses this information to serve up content that keeps your attention on the app. Like other social media companies, TikTok depends on displaying advertising to make money so it uses the data to fine tune ads, which makes them more valuable.

In its privacy policy, TikTok says it doesn’t sell user data. But the company indicates it “may transmit your data to its servers or data centers outside of the United States for storage and/or processing.” The company also states that third parties with whom it shares data could also be outside the US.  

Has TikTok tried to reassure Americans that China isn’t using its data to spy on them? 

In a June 17 blog post, TikTok said it’s storing all of its US-based user data in Oracle’s cloud service. Previously, TikTok stored US user data in the US, but it kept a backup in Singapore. The company added that it plans to eventually delete US users’ private data from its own data centers. 

“We know we are among the most scrutinized platforms from a security standpoint,” Albert Calamug, who works on US security public policy for TikTok, wrote in the blog post. “We aim to remove any doubt about the security of US user data.”

In May, TikTok also said it had created a new department with US-based leadership to provide a “greater level of focus and governance” on US data security.

What authority does the FCC have over apps and app stores?

None. The FCC regulates communications networks, which includes wired networks using telecommunications and cable infrastructure, as well as networks that use wireless spectrum. This includes radio, television, satellite and cellular service. 

The agency doesn’t regulate the internet or any companies that operate on the internet, which means it has no authority to force companies like Apple or Google to do anything, such as ban an app from their platforms. 

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Struggling to Come Up With Creative Ideas? Try Doing This.

Opinions expressed by Entrepreneur contributors are their own.

For as long as I can remember, I’ve picked olives with my family in my native country of . Normally in late fall, we’ll gather as a group and start working in a sea of olive trees. This task involves using our bodies and our powers of observation: plucking the small fruits from branches, carefully selecting the ripe olives while discarding the ones that are overly mushy and shriveled.

It’s a tradition I’ve kept up each fall even as I’ve spent the past 16 years growing my business, Jotform. Call it a respite from the tech life, if you will, but I’ll say it’s much more than that to me: a mindfulness practice — one that allows for mind-wandering and reflection.

In her fascinating story for Fast Company, contributor, Natalie Nixon, speaks about the need for entrepreneurs to incorporate more “invisible work” into their schedules. In her definition, this involves “deep observation, listening, daydreaming, sitting with our intuition, pondering questions about a challenge or opportunity post meeting, and then reframing those questions.”

“It’s the feverish scribbling or typing out of new ideas that emerge in the moment,” she adds.

But what struck me most about Nixon’s article is that she also notes the power of the mind-body connection for achieving this kind of state. When she poses the following question: “How do we activate more opportunities to be in our body, wonder, and ponder more frequently?” I think about my home town, I think about being outdoors, the sunshine on my face — and just being present.

You see, most of my best and brightest ideas have come from my time doing this “invisible work” out in nature. Whether through my walks in the park or my time spent meditating in my garden — they’re all moments when I’ve felt the most embodied in my imagination.

Why mind-wandering is essential for entrepreneurs

When I was a freshly minted CEO, being as productive as possible in the office was king. I’d hop from meeting to meeting and go from reviewing product bugs to dealing with client calls until the end of the day. All of my time was trackable — from morning to night.

This of course, didn’t allow much for ideas to marinate.

“In a productivity-obsessed world, mind-wandering has a bad reputation,” writes Clifton Mark for CBC Life. “The ideal is: focus like a laser beam, blasting to-dos off of your list.”

With time and experience, I began doing things differently from when I first founded my startup. For one, I began taking more pauses throughout the day. I quit eating lunch in front of my screen and taking calls after working hours.

Below are just a few ways I’ve benefited from letting my mind wander more.

Related: To Find Solutions, Try Unfocusing. Here’s How.

1. It helps cultivate my creativity

There’s a quote by poet and philosopher Henry David Thoreau that I’m particularly fond of: “Live in each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influence of the earth.”

It’s no surprise that allowing ourselves to spend more time in nature fosters more mind-wandering, which in turn, increases our “divergent thinking.” Some researchers have even suggested it might “serve as a foundation for creative inspiration.”

In simpler terms: When we’re not knee-deep in tasks, and our bodies are free of constraint, our minds are also free to connect the dots in compelling new ways.

Flickers of ideas you might have had briefly thought of during a meeting become fully fleshed out. Perhaps Nixon explains it best when she says, “Opportunities to reconnect to our bodies in order to make sense of our work are ideal for activating creativity through intuition, curiosity and wonder.”

Related: Here’s How You Can Encourage Creative Thinking in Children

2. It helps me find solutions more easily

In 2021, we launched our product Jotform Tables, which we’d spent three years working on and honing. That’s a lot of time in the tech world — but it didn’t matter to me. What did matter was creating something that solved our user’s problems.

Aside from practicing a daily dosage of patience, it was giving myself the space for mind-wandering that helped me continually envision solutions and new ideas.

“When your thoughts are just jumping from one topic to the next without an overarching theme or goal, that can be very liberating,” writes contributor Malia Wollan.

So, how can you start reaping these benefits for yourself?

According to Wollan, we can “facilitate unconstrained thinking by engaging in an easy, repetitive activity like walking.” I’ve held a daily habit of going for outdoor walks for years now and can attribute my solutions-focused ability directly to this practice.

Related: 10 Myths About Creativity You Need to Stop Believing Now

3. It helps me manage my own thoughts and feelings

I believe that as entrepreneurs, it’s our responsibility to talk more openly about mental health. Startup culture is notorious for evading the topic altogether.

But here’s the thing: The nature of our work can be deeply stressful — making us prone to depression and anxiety. That’s because many of us often make the mistake of tying our self worth to our business’ success.

There are many highs and lows in this industry, and it can be hard to acknowledge when we’re teetering on the edge of burnout. But when I disconnect on weekends and take up a nature-based activity, I’m able to stop and reflect. I can process the week’s ups and downs in a safe space. More than that, it allows me to check in with myself; I’m able to analyze frustrations and put things into perspective.

I believe that the only way to take care of our mental and physical well being is by taking the necessary pauses for our unfiltered thoughts and emotions to become visible. And I agree with Nixon when she suggests programming these out.

“Think about breaks scaled in multiple chunks of time,” she writes. “Take breaks during the day, but also take micro-breaks throughout the year. Try planning one day of solitude every quarter, gradually increasing these to monthly solo days.”

Every fall when I head back to Turkey, I know that I’ll return renewed and ready to keep innovating — as long as I give myself that space to do absolutely nothing but pluck ripened olives from their branches.

Related: 5 Ways to Inspire Creativity in Your Employees

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The battle to build a child-friendly metaverse

Campaigners and experts warn that the wider ecosystem of the metaverse needs to start acting to ensure child safety.

As a young woman straps on her vest and headset and becomes immersed in a virtual world, Mainak Chaudhuri talks excitedly about the potential of the technology.

“This is the first step towards the metaverse,” Chaudhuri of French start-up Actronika told AFP at this week’s VivaTech trade show in Paris.

The vest can give users the sensation of being buffeted by the wind or even feel a monster’s breath on their back, and it can be used to enhance movie watching, education or gaming.

It is a family-friendly vision of the 3D immersive internet, now widely known as the metaverse, and sits well with some interactive experiences already widely available for —like virtual trips to museums.

But campaigners and experts are increasingly warning that the wider ecosystem needs to start acting on to ensure the benign vision is realized.

“The biggest challenge is kids are getting exposed to content that is not intended for them,” said Kavya Pearlman, whose NGO XR Safety Initiative campaigns to ensure immersive technology will be safe for everyone.

The problems she envisages range from children being exposed to sexual and violent material, to worries over young people being used as or having inappropriate contact with adults.

Even though the metaverse has not yet been widely adopted and the technology is still in development, early users have already brought to light serious issues.

One woman’s allegation that her avatar was sexually assaulted in the metaverse sparked global outrage.

Worries about the future of the technology have only grown as the have become clearer.

‘Colossal’ money

Metaverse-linked investments topped $50 billion last year, according to research firm McKinsey, which predicts the figure could more than double this year.

“We’re talking about absolutely colossal amounts of money, that’s three times more than the investment in artificial intelligence in 2017,” McKinsey partner Eric Hazan told AFP.

Chief among the investors is tech giant Meta, which owns the likes of Instagram, Facebook and WhatsApp.

The firm has already rolled out measures to give parents more control over the content their children interact with while using VR headsets.

Meta and many of its competitors market immersive products with a lower age limit of 13—though it is widely accepted that will use the tech.

Pearlman raises a broader concern that very little is known about the possible effects on ‘s development.

“Organizations have not yet validated these experiences from a scientific perspective,” she said.

“Yet they are allowing kids to be exposed to these new technologies, practically experimenting on children’s developing brains.”

The metaverse has shifted the paradigm, according to Valentino Megale, a neuropharmacologist who researches the issue.

While the public has so far merely consumed what others have created, in the metaverse “we are going to be part of the digital content”, he said.

“This makes everything that we experience in that world more compelling,” he told the RightsCon digital rights conference last week, adding that it was particularly true for children.

Experts worry that the industry needs scrutiny before the rot sets in.

‘Ethical basis’

The solution, they argue, is to make sure the builders of these new virtual worlds instill child protection measures into the ethos of their work.

In other words, each piece of software and hardware should be constructed on the understanding that children might use it and will need safeguarding.

“We are potentially going to have a huge impact on their behavior, their identity, their emotions, their psychology in the exact moment when they are forming their personality,” said Megale.

“You need to provide an ethical basis and safety by design from the beginning.”

One of the most controversial areas of product design is the kind of suit that will allow users to feel all sorts of sensations—even pain.

Such suits are already being manufactured, simulating pain through .

The products are intended for military or other professional training.

Chaudhuri said the products developed by his firm Actronika use vibrations rather than electric shocks and were perfectly safe for anyone to use.

“We’re about engaging the audience and not necessarily doing a real-time firefighting scenario or a battlefield scenario,” he said.

“We don’t cause pain.”


Meta’s Quest VR gear to let people ‘hang out’ in metaverse


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US shows decline in tech and data science skills proficiency

Globally, women learners lag in STEM enrollment, according to a new Coursera report.

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U.S. proficiency in technology and data science skills are declining and lag behind countries in Asia, Europe and the Middle East, according to Coursera’s latest Global Skills Report. However, U.S. learners showed higher proficiency in essential business skills including marketing, leadership and management, and strategy and operations.

By now, it’s well-known that the acceleration of automation and digital transformation, coupled with inflation and global instability, are driving increased demand for digital and human skills needed to thrive in the new economy.

But while not every worker needs to learn to code, every worker needs to be literate in digital skills. Yet, the Coursera report found that three-quarters of workers felt unprepared for jobs in the digital-first economy.

SEE: Hiring kit: Data scientist (TechRepublic Premium)

Also notable is that globally, internet access is not equal. Countries in the lowest 25% of learner performance had average internet access rates of 54%, while those in the highest 25% had access rates of almost 84%.

There is a strong correlation between skills proficiency, GDP and broadband access. Wealthier countries scored higher in overall skills proficiency, matched by those with high levels of internet access.

Rise in women learners – but lagging in STEM enrollment

The survey also found a rise in women learners: 47% now compared to 45% in 2021 and 38% two years ago. Throughout the world, however, women learners lag in STEM enrollment. In the U.S., despite a rise in STEM enrollments from 35% in 2019 to 42% in 2022, women still trail men.

Entry-level or “gateway” certificate course enrollments among women reached 40% in 2021, up significantly from 25% in 2019, according to the report. Certificates such as Google IT Support and Google Data Analytics provide a clear pathway to gain skills needed for high-demand, entry-level digital jobs. These courses require approximately 240 total learning hours, which can be completed in just six months at 10 hours per week.

Additional findings from the Coursera report

The U.S. held steady in its overall skills proficiency ranking — yet it lost meaningful ground in core technology and data science skills. In last year’s report, learners in the U.S. ranked 29th in the world: A position that they maintain this year. However, while proficiency in business skills rose, learners in the U.S. fell behind other high-income countries in a number of key technology and data science skills, including software engineering, cloud computing and mathematics.

U.S. learners in the Northeast, upper Midwest and along the Pacific had the highest skills proficiency in business, while those in the South lagged behind. Three midwestern states – Illinois, Wisconsin and Indiana – ranked highest in business proficiency throughout the U.S.

Idaho showed the highest levels of technology skills in the country, outpacing tech hubs like California and Massachusetts. Learners in the state also earned a perfect 100% proficiency for mobile development skills. This reflects a growth trend driven by the number of high-tech companies in the state increasing 61% in the last decade.

Learners in the U.S. increased focus on human skills amid rapid workforce changes. Workforce disruption caused by the pandemic and the pace of automation is forcing businesses to quickly adapt. Human skills like resilience, project management, decision making, planning, storytelling and experiments were increasingly popular among U.S. business learners, as organizations worked to navigate change.

The U.S. remains behind the curve in math skills. Proficiency in mathematics among U.S. learners dropped sharply from 56% in 2021 to 40% in 2022. This lags countries throughout Europe including Germany at 81% and the UK at 78% proficiency. Maine, Washington and New Hampshire had the highest levels of math proficiency in the U.S., while Mississippi, Louisiana and Tennessee finished in the bottom three.

Global trends show learners acquiring both soft and digital skills

The Coursera report also found that more learners in developed countries are acquiring human skills including change management and resilience. Learners in developing countries were more focused on digital skills through courses like supply chain systems and mobile architecture.

SEE: The COVID-19 gender gap: Why women are leaving their jobs and how to get them back to work (free PDF) (TechRepublic)

The most popular business and technology skills globally in the last year were leadership and management, probability and statistics, and theoretical computer science. For the second year in a row, Switzerland had the highest-skilled learners followed by Denmark, Indonesia and Belgium.

“The Great Resignation and automation are mandating stronger investments in human capital, as institutions must prioritize developing the high-demand digital and human skills required to build a competitive and equitable workforce,” said Jeff Maggioncalda, Coursera CEO, in a statement. “Our data shows these skills are not equally distributed, and students and low-wage workers need access to flexible, affordable and fast-tracked pathways to entry-level digital jobs that offer a foundation for a stronger and more inclusive economy.”

The Global Skills Report includes data from 100 million learners in more than 100 countries who have used Coursera to develop a new skill during the past year, the company said. The report benchmarks three of the most in-demand skill areas driving employment in the digital economy: Business, technology and data science.

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Meta’s Investigation of Sheryl Sandberg Goes Back Several Years, Report Says

Meta Chief Operating Officer Sheryl Sandberg is being investigated by the company’s lawyers for her use of corporate resources over the past few years, The Wall Street Journal reported Friday, citing unnamed sources.

The investigation is reportedly into whether Sandberg used Facebook staff to work on her personal projects, including her second book, her Lean In foundation and her second wedding. The scrutiny has been ongoing since last fall, the report said, with multiple Meta employees being questioned.

The news follows an April article in the Journal that said Sandberg is facing an internal review by Facebook’s parent company over reports she pressured UK tabloid Daily Mail to ditch articles about her former partner, Activision Blizzard CEO Bobby Kotick. According to that report, Sandberg contacted the Daily Mail in 2016 and 2019 to prevent stories about Kotick from being published. Sandberg reportedly worked alongside employees from Facebook and Activision and outside advisers to pressure the UK publication. 

“Sheryl Sandberg never threatened the MailOnline’s business relationship with Facebook in order to influence an editorial decision,” a Meta company spokesperson told CNET in an emailed statement at the time.

Sandberg said last week that she’s leaving the social media company in the fall, though she’ll remain on the board of directors. 

Meta didn’t immediately respond to a request for comment.

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Climate with Platform.sh – TechCrunch

We’re closing in on our first climate-tech conference. TC Sessions: Climate and the Extreme Tech Challenge 2022 Global Finals kicks off on June 14 in Berkeley, California. Founders, CEOs, VCs, scientists, policymakers and developers on the forefront of fighting climate change will be there. Will you?

Buy your pass today and avoid the price hike at the door.

Here’s just one example of the leaders you’ll get to hear, learn from and connect with at the conference. Check the event agenda to see the others, including Bill Gates and U.S. Department of Energy secretary Jennifer Granholm.

Fred Plais, a TC Sessions: Climate partner, is also the co-founder and CEO of Platform.sh. He’s conducting a breakout session called Reducing Your Cloud Computing Climate Impact. It’s a vital topic since, according to an IDC forecast, adopting cloud computing could reduce carbon emissions to the tune of 1 billion metric tons by 2024.

Clearly, deploying to the cloud is a better choice for the climate, but you can further reduce your emissions by taking a couple of key steps, and Plais will lay them out in his session. You’ll learn more about how the tech community is helping to mitigate climate change and walk away with a simple strategy to reduce your carbon footprint in the cloud.

Plais, a serial entrepreneur, has been building and running digital products and teams since 2000. He’s passionate about startups and about building and managing international teams and impactful projects.

Learn more about our other breakout sessions and the early-stage startups exhibiting at the show — be sure to go meet and greet them.

TC Sessions: Climate 2022 takes place on June 14 in Berkeley, California (with an online day June 16). Knowledge and opportunities await you — don’t waste another second to buy your pass!

Is your company interested in sponsoring or exhibiting at TC Sessions Climate 2022? Contact our sponsorship sales team by filling out this form.

 

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Global chip shortage likely to last through 2023: US official

US Commerce Secretary Gina Raimondo again urged Congress to approve legislation to stimulate domestic production of critical computer chips.

The global shortage of critical semiconductors is likely to last at least through next year and perhaps longer, US Commerce Secretary Gina Raimondo warned on Tuesday.

Shutdowns of key Asian suppliers due to the Covid-19 pandemic crippled supplies last year, just when American consumers, flush with cash from , went on a spending spree buying cars and electronics, which depend on the chips.

“I do not unfortunately see the chip shortage abating in any meaningful way anytime in the next year,” Raimondo told reporters following her recent trip to Asia.

She said she convened a dozen CEOs, including leaders of chipmakers, during her time in South Korea to discuss the shortage “and they all agreed that … deep into 2023, possibly early ’24 before we see any real relief.”

She repeated her call for Congress to act to provide funding for legislation that aims to stimulate domestic manufacturing of the computer chips that are key to a wide array of products, from smartphones to to vacuum cleaners.

“We are really on borrowed time,” she said.

“Every other country has subsidies on the table now, and if Congress doesn’t act very quickly,” key producers like Samsung, Intel and Micron “are going to build in another country and that be that would be hugely problematic.”

The US Senate and the House of Representatives each have approved $52 billion bills—the CHIPS Act and the America COMPETES Act—that would invest in domestic chip research and manufacturing, but so far have failed to agree on the final form of the legislation.


Governors, CEOs join White House meeting on chips funding: Jobs are ‘at risk’


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Global chip shortage likely to last through 2023: US official (2022, May 31)
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