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Forbes: Getting In and Moving Up The List of Billionaires

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As 2022 comes to an end and 2023 draws even closer, the time has once again arrived for most people to revive their dreams, with the most prevalent being unarguably to become so rich as to be ranked at the very top of the Forbes list of Billionaires. While for millions of people it remains just that, a nice but extremely difficult dream to realize, it would surprisingly seem that for some die-hard dreamers, it is a constant lifelong objective that must be obtained by all means and at any cost.

Forbes: Getting In and Moving Up The List of Billionaires. Forbes list of billionaires

Although, several organisations periodically publish their list of billionaires, Forbes continues to hold pride of place as the most consulted on the matter. Forbes however has severally acknowledged the difficulty of determining the true value and ranking of some of the billionaires on its list. The reason for this is not farfetched. Simply put, Forbes uses shareholders to make valuations for owners of shares of publicly traded companies. The problematic bit, essentially, are the guesswork processes to estimate the wealth of owners of private unlisted companies whose wealth are, in many clearly obvious cases, way ahead of billionaires with wealth based on fluctuating public shareholding.

READ: Forbes List 10 Most Powerful Men in Africa, What makes them Powerful? Find out below

Much as Forbes tries to monitor the genuineness of stock exchanges around the world, it acknowledges that it cannot reasonably vouch for the acceptability of the processes through which shares are handled in some of them; particularly those of companies in Africa and Asia, that is, emerging economies. This is particularly so in cases where over 90 percent of the shares are owned by one person alone or along with close family members; with the result that the owners can upwardly manipulate the share prices to any level that they wish. We have seen this happen too many times in these climes, no one would be shocked to know its more prevalent than rare.

The continual bloating of the number of such shares, and the manipulation of the stock exchange process explains how a person that has managed to wangle his way onto the Forbes billionaire list can fraudulently continue to remain there and even move up the ladder. All these while operating in a dire economic environment that clearly belies such development. For those of us who frequently turn to Forbes with the dream of getting into their famous billionaire list, the hope is that Forbes will continue to act assiduously to ensure that anyone on the list deserves to be there. Just as important, that they are placed in their rightful position on the list.

READ: ”I Never Asked For Any Title” –  Kylie Jenner Slams Forbes After Being Accused Of Faking ”Billionaires Status”

One way Forbes can achieve this is to engage well-informed, credible and impartial local analysts who are very conversant with the local business environment and who are therefore better placed to determine the true worth as opposed to the concocted net worth of concerned individuals. That way, they do not continue to fall into the danger that continues to bedevil development organizations for instance; prescribing solutions to economies they do not understand, based off their experience and solutions that once worked in the climes they know too well. It is a diverse world, we cannot expect that a model that ones in one clime can get copied and pasted in another, without any form of tweaking to accommodate the economic and even cultural contexts of such places.

And so, to get back to the initial question of how one can get to transform his or her dream to the reality of being a genuine billionaire, one that can be cited by Forbes, year in and year out, as one of the richest individuals in Africa and indeed the world, the answer may disappointingly be nothing more commonplace than the need to tirelessly work hard and be blessed with extraordinary good luck.

READ: How China Ruined Jack Ma’s Business Empire Within 9 Months, Took Over His Assets – Forbes

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The Future of Contact Center Technology: How AI Is Making Waves in the Industry

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The contact center industry is undergoing a significant transformation, driven largely by artificial intelligence (AI) advancements. As AI continues to evolve, it’s clear that how organizations manage customer interactions is set for a major revolution. The potential for enhanced efficiency, cost savings, and improved customer satisfaction has made AI a priority for many companies. Below, we will explore how these technologies are reshaping contact center services and what future improvements we can anticipate in this vital industry segment.

Alt text: A woman leveraging contact center software to elevate the customer experience.

Enhancing Customer Experience with AI-Powered Chatbots

AI-powered chatbots have become the vanguard of customer service, providing instant responses to customer queries and enabling seamless interactions. These sophisticated virtual assistants are designed to mimic human conversation, often making it difficult for customers to discern whether they are interacting with a bot or a human representative. This blend of technology and human touch revolutionizes the customer experience by making it more accessible and responsive.

Chatbots excel in handling the high volume of repetitive queries that flow into contact centers daily, freeing human agents to tackle more complex issues. This has a dual benefit: enhancing customer service efficiency while allowing companies to reallocate resources to areas that require a more nuanced human approach. Chatbots are effectively elevating the value of human work within the contact center environment.

Despite their apparent simplicity, chatbots are backed by powerful machine-learning algorithms that enable them to learn from interactions and improve over time. They respond to customer queries and gather valuable feedback and insights. This constant learning process refines the bot’s ability to deliver accurate and helpful responses, ensuring an improved experience for future interactions.

The Impact of Machine Learning on Contact Center Analytics

Machine learning (ML) is redefining the capabilities of contact center analytics by predicting customer behavior, identifying patterns, and extracting valuable insights from large datasets. This branch of AI allows contact centers to understand past interactions and anticipate future trends. Such foresight allows businesses to address potential issues before they escalate, ensuring a smoother customer journey.

The utilization of ML in contact centers has led to the emergence of more personalized service delivery. ML-powered systems can proactively tailor customer experience by analyzing customer data and offering relevant recommendations and services. These insights help companies form a deeper connection with their customers, often leading to increased brand loyalty and engagement.

Moreover, the predictive nature of ML is a goldmine for customer retention strategies. It identifies at-risk customers through sentiment analysis and engagement metrics, prompting timely interventions that can help prevent churn. This level of analytical precision means companies can allocate their retention efforts more effectively, maximizing the impact of their strategies.

Nonetheless, leveraging machine learning is not without its complexities. It requires significant investment in data infrastructure and skilled personnel who can interpret and act upon the insights generated. Despite this, the benefits of ML in contact center analytics are undeniable, offering a strategic edge in a fiercely competitive market.

Streamlining Contact Center Workflow with Intelligent Automation

Intelligent automation is proving to be a game-changer in streamlining the workflows of contact centers. Companies are automating many routine tasks by implementing software that can analyze, learn, and make decisions. This accelerates processes and reduces the likelihood of human error, leading to more consistent and reliable outcomes.

Automation extends to all aspects of the contact center, from routing calls to the most appropriate agent to managing follow-up communications. This increases the overall efficiency of operations, ensuring that customers are served promptly and effectively. As a result, customer satisfaction and loyalty improve, as does the bottom line for businesses.

Intelligent automation also directly impacts the experience of contact center agents. Solving the burden of monotonous tasks allows agents to focus on more meaningful and complex customer issues. This shift in focus can lead to higher job satisfaction and better overall morale within the workplace, which contributes to a positive company culture.

Overall, AI’s infusion into contact center technology is paving the way for significant advancements in customer service. With the implementation of AI-powered chatbots, machine learning analytics, intelligent automation, and NLP, the industry is poised for a more efficient and personalized future. These technologies herald a new era in customer interaction where speed, accuracy, and service excellence are paramount, and companies are equipped to meet the evolving demands of their customer base confidently.

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Job Hunting? 6 Ways Gemini can support your job Search in the Nigerian job Market

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The Nigerian job market is a competitive jungle, rich with potential and brimming with energy. From bustling tech hubs to burgeoning green energy sectors, there’s an incredible opportunity out there waiting for you. But navigating this dynamic landscape can feel overwhelming. How do you cut through the noise, showcase your unique strengths, and land your dream job?

 

That’s where Gemini, Google’s collaborative AI-powered tool, comes in as your ultimate career companion, guiding you every step of the way. Imagine having a seasoned career coach, research assistant, and skills advisor right at your fingertips!

Here are 5 ways Gemini can be your ultimate career ally:

1). Crafting a Standout Resume

Your resume is your first impression, and Gemini ensures it’s a dazzling one. Need help translating your customer service experience into impressive problem-solving skills? Gemini can rephrase it for you! Wondering how to highlight your leadership experience powerfully? Ask Gemini to suggest strong action verbs that showcase your skills. Before submitting your resume, ensure it’s error-free by asking, “Can you review my resume for grammatical errors and suggest ways to improve clarity?”. You can even ask Gemini to help draft a compelling cover letter based on a job description!

2). Interview Confidence Boost

Interviews can be nerve-wracking, but Gemini helps you walk in feeling prepared and confident. Get a quick rundown of a company’s latest projects and overall mission by asking, “Summarise [Company Name]’s latest developments and approach to employee well-being.” Not sure how to answer those tricky behavioural interview questions? Gemini can guide you with practice questions like, “Give examples of common behavioural interview questions for a marketing position in South Africa.” To impress your interviewers, have insightful questions ready: “Help me formulate questions to ask about the company’s future direction.”

3). Keeping Skills Sharp

In today’s fast-evolving job market, continuous learning is key! Let Gemini help you stay ahead of the curve. Identify those in-demand skills that employers are looking for by asking, “What are the top 3 tech skills companies in Kenya are seeking in software developers?” If you’re looking to switch fields, Gemini can help you find accessible learning resources: “Find free online courses in data analysis for beginners interested in a career transition into finance.” Even if you’re a visual learner, Gemini’s got you covered. Simply ask, “Recommend YouTube channels that teach the fundamentals of graphic design software.”

4). Networking Made Effortless

Building a strong professional network unlocks incredible opportunities. Gemini simplifies the process by helping you optimise your online presence and target relevant events. Craft an impactful LinkedIn bio that attracts the right recruiters with a request like, “Help me write a compelling LinkedIn bio that showcases my skills and experience in project management.” Seeking out opportunities to connect with like-minded professionals? Ask Gemini, “What tips will you give for connecting with the vibrant Artificial Intelligence community at tech conferences?”. Even if you’re unsure how to approach networking, Gemini offers support with queries like, “How can I make a good first impression when reaching out to recruiters on LinkedIn?”

5). Remote Work Made Simple

Remote work is revolutionising the African job market, offering incredible flexibility and the potential to work with global companies. If you’re eager to explore remote roles that match your skills and aspirations, Gemini can help streamline your search. Start by asking, “Show me reputable websites specialising in remote job listings for African candidates.” Want to know more about a company’s remote culture before applying? Ask Gemini, “How can I get a feel for a company’s remote culture?” To ace those remote interviews, get tips with a query like, “Help me prepare for a remote interview – what are some essential points to remember?”

Embrace the Journey with Gemini by Your Side

Let Gemini be your secret weapon – equipping you with the insights, skills, and confidence to stand out from the crowd and achieve your career aspirations. So, fire up gemini.google.com and discover the power of Gemini!

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Tinuade Sanda’s Alleged Fabrication of Educational Credentials Sparks Controversy

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The corporate world was recently rocked by the controversial saga surrounding Tinuade Sanda, the former Managing Director and CEO of a major electricity company based in the south west region of Nigeria.

Tinuade Sanda's Alleged Fabrication of Educational Credentials Sparks Controversy 11

But now her credentials and qualifications have also come under intense scrutiny. With serious questions about the veracity of her claimed postgraduate degrees from foreign universities, a report by ”The Signal NG” revealed the other sides of Tinuade Sanda’s questionable educational background.

Before joining the electricity firm in 2013, Sanda claimed to have headed the Finance and Administration department at Vanguard Energy Resources, a non-operational portfolio oil and gas trading company founded by her then-husband Olusola Adebayo Sanda.

Sanda is also the founder of EmHERging, a platform for young female professionals, that prides itself as a mentoring platform out “to create a world where every female young professional, graduate and undergraduate, to be mentored by Tinuade Sanda and other accomplished female business leaders would emerge into leadership roles to maximize their potentials without gender bias in all major sectors of the economy.”

Sanda claims on her resume and LinkedIn profile that she obtained an MBA specialising in Strategic Planning from the University of Edinburgh in Scotland, but findings from the online degree awarding institution does not support her claim, as the school does not offer any MBA program in Strategic Planning.

Furthermore, Harvard Business School, one of the world’s most prestigious institutions, does not award undergraduate Bachelor’s degrees, yet Sanda states she obtained a Bachelors in Applied Sciences “BASc” from there.

Tinuade Sanda's Alleged Fabrication of Educational Credentials Sparks Controversy 12

These revelations cast a long dark shadow over Sanda’s meteoric corporate rise propped by these questionable qualifications to the zenith of one of Nigeria’s largest electricity distribution companies. A novel feat of becoming the first female to head the establishment – prominently bragged about in her personal corporate profile.

Her rise to the top powered by these bogus seeming qualifications begs questions about the rigor of due diligence conducted on her qualifications by those involved in vetting and appointing her to such critical roles.

Perhaps most egregious is Sanda’s Doctor of Philosophy in Financial Management and Entrepreneurship allegedly awarded her on December 5th, 2020 by ICON University Republic of Benin. This institution claims on its website to be recognized by a non-existent “Nigeria’s Ministry of Higher Education.”

Tinuade Sanda's Alleged Fabrication of Educational Credentials Sparks Controversy 13

Disturbingly, Sanda also flaunts the dubious PhD from the Republic of Benin-based ICON University, a country notorious in recent years for mills churning out fake academic credentials overnight according to investigative reports.

A cursory look at the ICON University website raises obvious credibility issues based on poor grammar and grandiose claims to rival Ivy League institutions.

“ICON University is a fast growing, dynamic vision-birthed, vision driven University founded on a fueled passion to creating a differences and committed to pioneering excellence at the cutting edge of learning. We are driven by the compelling vision of raising a new generation of Leaders for West African and the entire Continent through Human Development, integrated learning curriculum and research.”

That she would take much pride and confidently flaunt these qualifications so confidently on her CV and LinkedIn page really raises a lot of questions about her character and personal integrity.

More damningly, a November 2nd, 2022 letter from Nigeria’s Bureau of Public Enterprises (BPE) to the Disco raised professional concerns about “her lack of technical capacity, administrative competence as well as emotional maturity to run the affairs of the Company.”

Suppose all these claims of having earned these certificates are false. In that case, it graphically paints a picture of a desperate individual who can go to any length to acquire corporate status, even if that includes lying and forging certificates.

As the fallout from the crisis surrounding her removal continues, Sanda needs to come clean on the true nature of her educational qualifications, not just for her corporate reputation, but as a test of integrity as a self-acclaimed mentor to young aspiring girls.

While claiming she shattered the corporate glass ceiling through hard work, intellect and integrity, her questionable qualifications and attempt to bring a revered institution like Harvard Business School into disrepute is a repugnant stain on the class she claims to represent. Her type should never be allowed near reputable organizations that prize talent quality.

The scandal further raises bigger questions about lapses in regulatory oversight and corporate governance that enabled Sanda’s ascent despite the seeming inauthenticity of her credentials.

Stronger verification mechanisms to uphold standards and integrity in executive appointments must be exercised to promote merit and prevent frauds from discrediting institutional reputation.

The unfolding saga surrounding Tinuade Sanda is a cautionary tale, highlighting the significance of ethical conduct, honesty, and accountability in corporate leadership. As the dust settles on her tenure at the Disco, the episode prompts a broader reflection on the integrity and credibility expected from individuals entrusted with critical roles in the business landscape.

READ: Excitement As Adaora Umeoji Emerges First Female MD Of Zenith Bank [Video]

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