Friday, 30 October 2020

S4Capital Launches Four-Year Black Fellowship Program 11/02/2020


Martin Sorrell wants to do his part in helping increase the
diversity within advertising through his company’s new S4Capital Fellowship Program. 

This four-year, immersive, accelerator program will invite participants to spend time working with MediaMonks, MightyHive and Firewood operations in the U.S., as well as within
brand clients …



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source https://blog.jsa.digital/index.php/2020/10/30/s4capital-launches-four-year-black-fellowship-program-11-02-2020/

Lesaffre and Recombia Biosciences to advance innovative gene editing technology through a strategic partnership


A strong commitment to innovation
With its partnership with Recombia, Lesaffre is investing in major pioneering technology. The ability to generate thousands of yeast strains in parallel, combined with laboratory automation, is expected to exponentially accelerate development of projects in the areas of health, the environment, and energy. The partnership also signifies Lesaffre’s entry into the world of Synthetic Biology, considered to be the major biotechnological opportunity of this decade.

“This kind of partnership exemplifies an innovative way that industry can support and foster progress in Biotechnology. Through collaboration with scientists and entrepreneurs, we will be able to find new solutions, which will be beneficial for the future, especially in health or in environment protection, says Antoine Baule, Chief Executive Officer of Lesaffre.

An exclusive technology
Recombia Biosciences was founded by three Stanford University researchers in 2019 as a spin-off from the prestigious Stanford Genome Technology Center (SGTC). Recombia’s technologies are based upon techniques that increase the efficiency of genome editing and enable engineering of yeast at very high throughput. The strategic collaboration with Lesaffre aims to advance Recombia’s proprietary gene editing technologies to identify new yeast strains, discover novel yeast physiology of industrial relevance and optimize the production of biosourced ingredients and biofuels.

“We are excited to be working with Lesaffre on moving our gene editing programs forward,” says Dr. Justin Smith, CEO of Recombia. “We see tremendous potential to leverage our expertise in genome editing and synthetic biology to develop new and innovative fermentation solutions and products.”

Recombia is exclusively licensing four genome engineering technologies from Stanford University for their work.

While precision genome editing has certainly advanced recently, there are still challenges, especially in making many genetic changes in parallel,” said Dr. Bob St.Onge, COO and co-founder of Recombia Biosciences. “Recombia’s technologies enable industrial yeast strain engineering by dramatically increasing the efficiency of high-throughput genome editing.”

St.Onge and Smith co-founded the company with Professor Lars Steinmetz. The team has had a long working relationship at the SGTC.

“I am very excited to see the technologies we developed in academia applied in the industrial sector,” said Steinmetz.  “The Genome Technology Center has a long history of genomics technology development. I’m confident Recombia will continue in the tradition of the other successful companies that have spun out of the SGTC.”

“The technology has broad utility and can be readily applied also to the development of non-genetically modified organisms, says Carmen Arruda, Lesaffre R&I Manager. “With Recombia, Lesaffre can now explore a larger space of metabolic engineering hypotheses, develop prototype organisms at a faster pace, accelerate the design of appropriate selections and screenings of strains generated by classical breeding methods. We are excited to see what the future holds.

Working together to better nourish and protect the planet
As a global key player in the field of fermentation, Lesaffre is committed to continuing its investments in research and development to contribute to a safer, healthier and more natural world by developing the potential of micro-organisms, such as yeasts or beneficial bacteria.

More information about Recombia Biosciences at www.recombia.com

More information about Lesaffre at www.lesaffre.com

SOURCE Recombia Biosciences

Related Links

https://www.recombia.com

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source https://blog.jsa.digital/index.php/2020/10/30/lesaffre-and-recombia-biosciences-to-advance-innovative-gene-editing-technology-through-a-strategic-partnership/

Big tech earnings show consumers are ‘shifting to digital’: Analyst


Big tech companies Apple, Amazon, Facebook, Alphabet, and Twitter reported earnings. JMP Securities Technology Analyst Ron Josey joins the On the Move panel to discuss.

Video Transcript

ADAM SHAPIRO: Ron Josey, he is GMP Managing Director. It’s good to have you here. There’s a lot to talk about here. So guide us, as investors love tech, and we know they have an outsized influence on the different indexes, what do you take from what we’ve just looked at with these earnings reports?

RON JOSEY: Thanks, Adam, good to be here. And you’re exactly right, it’s a lot of data. We’re trying to understand and go through all of it. I would just say from a broader thematic perspective, the trends that we’re seeing on a mixshift from offline to online have not stopped. In fact, I think that just continues to accelerate.

And you’re seeing it not only on engagement. I think we heard Julie talk about Facebook engagement down sequentially in North America is maybe a reason for what’s happening on Facebook shares today. But frankly, we have to remember that results or at least engagement was higher in 2Q because of the pandemic. Lockdowns are now less so. We’ll see what happens, of course, going forward. But that’s happening. But engagement still remains at these elevated levels. So that’s point number one thematically.

Point number two is from an advertising perspective, if engagement remains high at these large platforms, we’re seeing advertising accelerate across the board. You mentioned Facebook, Google, Twitter. I’ll throw Snap in there as well, and others that talked about basically 3Q ending at a rate that’s similar to growth that it was in 4Q and 1Q, so more normalized levels. And so you’re having accelerating growth in advertising.

And then you have e-commerce on top of that. That’s Amazon’s results speak for themselves. Profitability was a miss, but we can get into that. So what do I think about all this stuff? I think the pandemic is certainly mixshift, everything is mixshifting to digital. I don’t think those trends are changing anytime soon. And the moves we’re seeing today in my view, are largely temporary.

JULIE HYMAN: Hey, Ron, it’s Julie here. I do want to dig into Facebook in particular a little bit more, because something I have been trying to sort of figure out is a discrepancy in between a couple of companies that we heard from. Pinterest came out and said, well, we got a bump up in advertising spend with some advertisers migrating away from Facebook because of that boycott and coming to Pinterest. Yet, that didn’t seem to be seen in those Facebook numbers. So what do you think is going on here? Is it that advertisers are hedging their bets and spending in both places?

RON JOSEY: Yeah, I think it’s just the size and scale of these platforms. I think it’s really important to remember that Facebook now has 10 million advertisers. And what is driving that growth is largely the SMBs who can go on and advertise on their own, place her own ad spend and see a result. And whether it’s good or bad, continue or not continue. But that self-serve function on Facebook and the targeting and just the reach and scale is second to none.

And what’s even more fascinating, I think Facebook in the first three weeks of July, talked about advertising growth of 10%. And we know that was the middle of the boycott. They ended up growing for the quarter on advertising around 22% or so on an XFS basis, 21%, 22%, which implies that August and September saw accelerating growth and a stronger ad environment.

We saw the same thing at Snap. We saw the same thing at Twitter. We saw the same thing at Google I believe. So while yes, you’re right, the boycott certainly impacted some results at Facebook in the short term, just the size and scale of advertisers on Facebook’s network is what’s going to, call it, cushion the blow of any of that stuff. And just to be clear, large advertisers are a very small part of Facebook’s overall business, and that’s the power of this platform and why we remain so bullish on the company.

AKIKO FUJITA: Ron, let’s talk about what happened with Twitter here. I mean, that stock is down nearly 20% right now, and you’re looking at the mDAUs, just one million in terms of growth for the quarter. What do you think happened there? And how big of a concern is this for Twitter long term?

RON JOSEY: Yeah, look, across the internet sector, the number one thing that we focus on is engagement and usage. With that comes advertisers. With that comes just content creation and everything else. And so Twitter historically the past few years, have been accelerate, past few quarters, have been accelerating their mDAUs and 2Q saw a pretty big, pretty big bump there. One, 3Q grew about a million or so. That’s certainly below where people were expecting.

They are improving their platform by trying to make notifications and making it more user-friendly. Until they can get more users on the platform and using it more often, usage is going to continue to be a question mark. That said, it was actually encouraging to see advertising grow 15% in the quarter. However, at the end of the day, it’s all about users, and that’s what we care about the most for all of these companies.

DAN ROBERTS: Ron, Dan Roberts here. Just on the Twitter user miss, which I think, a side note, we were discussing this yesterday as soon as the numbers came out, it’s been remarkable to me, Twitter’s inability to grow its user base enough. I mean, we’re all journalists. We use and like the product. I’m just still stunned over the years how little the user base has grown. I know it has grown, but I would have thought more. And the real question I think is leadership. What do you make of Jack Dorsey’s prospects now? He has, for a few years, been CEO of two publicly traded companies, Twitter and Square, and arguably, one has done better than the other in the last few years. What happens next for Jack Dorsey at Twitter?

RON JOSEY: Yeah, so Dan, I think you’re exactly right. The opportunity, we just talked about Facebook adding 196 or so million DA users in the US and Canada this quarter. Twitter is around 36 million in the US. So it’s clearly a large market. And we’ve been talking about the product for a while, the company has as well.

And so it’s encouraging to hear about notifications. It’s encouraging to hear about what they’re doing, adding new hashtags and dollar signs and what not to improve, but that takes time. Either way, I don’t think there’s any doubt that Twitter is ingrained in our society. The point is, can they make it easier and better for consumers to use and use it more often? And that is something that we’re looking for every quarter, every day. And I think it’s not as easy as it seems.

In terms of where Jack is going, look, I would argue that the stock’s been doing pretty good, advertising results are coming back. Barring this past quarter, the past few quarters, we have seen mDAU growth and sort of a mix, more products coming out to drive usage. And so I actually think we’re seeing pretty effective leadership here at Twitter, although that’s something that’s always going to come up and be a question mark.

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source https://blog.jsa.digital/index.php/2020/10/30/big-tech-earnings-show-consumers-are-shifting-to-digital-analyst/

AI is helping authors imagine new sci-fi worlds – South China Morning Post



AI is helping authors imagine new sci-fi worlds  South China Morning Post

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source https://blog.jsa.digital/index.php/2020/10/30/ai-is-helping-authors-imagine-new-sci-fi-worlds-south-china-morning-post/

The newest batch of Presidential Innovation Fellows


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They’re smart. They’re idealistic. They want to help. But they’ve only got a year. They’re the latest class of Presidential Innovation Fellows, nearly three dozen technology practitioners and entrepreneurs just assigned to agencies across the government to help with modernizing and deploying new digital services. With more about the program, its executive director Josh Di Frances joined Federal Drive with Tom Temin.

Tom Temin: Mr. Di Frances, good to have you on.

Josh Di Frances: Thanks Tom. Glad to be here.

Tom Temin: Just review for us, the PIF, the Presidential Innovation Fellows, just review for us what the program is basically all about.

Josh Di Frances: Yeah, so the Presidential Innovation Fellows was started in 2012 in the White House Office of Science and Technology Policy. And the goal at the time was really to kind of bring in the best technologists and innovators from the private sector into government and pair them up with agency leaders to really help kind of catalyze innovation, and bring in new technology within federal agencies across government. We’ve been doing that for the last eight years now. And we’ve brought in over 193 fellows across 45 plus agencies, really working to improve technology for hundreds of millions of Americans.

Tom Temin: And I guess it’s noteworthy that this is a program which has survived from the Obama to the Trump administration, where, let’s say there have been policy differences in other areas. But this program seems to enjoy the support of whoever.

Josh Di Frances: Yeah, so the program is based now, in 2013 it moved over and it’s based in GSA, the General Services Administration within TTS, technology transformation services group. And really, we’re a nonpartisan program. So we’re working with career federal leaders to drive change across the government, modernize technology, we’ve had really, really great support both in obviously, in the administration that we were started within in 2012, through 2016. And then we were signed into law by President Obama in 2017. And we’ve continued to have great support from key leaders in the White House over the past few years as well, the Office of Science and Technology Policy from the US Chief Technology Officer and Office of American Innovation.

Tom Temin: And just give us the flyover description of this year’s cohort, you’ve got 34 people, each one with an individual bio, but how would you characterize them?

Josh Di Frances: Yeah, so it’s a really diverse group, we’re incredibly excited. Some of the things that stand out, obviously, it’s the most diverse cohort yet, they’re starting in a fully virtual environment, which is a pivot for us. Usually, they come they start in DC, obviously, with what’s going on in the world, we didn’t feel like that made sense and was safe. And so they’re starting virtually, but this group coming with experience in artificial intelligence, data science, product management, digital marketing, health innovation, customer experience and design. They’re from all over the United States. kind of all across, which is exciting to see kind of the diversity there. They’ve doubled down really on the AI emphasis we have this past year. And really, that’s because we’ve seen increased demand across government for experts with backgrounds in data science and artificial intelligence, machine learning. And so we wanted to kind of help fill those gaps in government by bringing in amazing fellowships and 12 of the 26 projects we have focus on AI. And those are things like computer vision, natural language processing, neural networks, advanced predictive and prescriptive analytics. And there’s just so much opportunity for AI. So some of the things that the folks are working on, are really working to combat hiring biases at Department of Labor, protecting human health in the environment, advancing COVID-19 diagnostics, and more. And they’ll kind of work with these agency leaders to drive for a change. And we also have folks not in AI, don’t want to kind of overemphasize AI. There’s a lot of folks who have expertise in in product and Human Centered Design, entrepreneurship. We even have a really interesting project this year in digital advertising at FTC, really helping kind of better understand digital advertising there so that they can protect consumers in the rapidly evolving world of digital media that’s changing a lot.

Tom Temin: So it sounds like they work on projects, both to improve agency process itself, as in the case of hiring without bias, but also in what agencies deploy to the public, as this new generation of digital services powered with AI and data start to become pretty much the currency of the government.

Josh Di Frances: Yeah, absolutely. So there’s a mix of projects, some are directly citizen facing and really working to improve services and experiences for citizens. We have a lot of work at the VA around reducing the benefit time for veterans, things like that. But those other things are really focused on kind of helping bringing technology into agencies so that federal leaders can better use it helping to streamline things in federal agencies. So it’s quite a lot of different types of projects we take on.

Tom Temin: And what does it take to become a Presidential Innovation Fellow?

Josh Di Frances: Great question. So we look for a seasoned leader. So it’s not kind of an early career fellowship. We’re looking for people with at least eight to ten years experience in the private sector who have demonstrated success. Some have much more. We’ve had folks come out of retirement, we’ve had folks kind of in between — and so it’s a mid to senior career fellowship. And then we’re looking for folks that have expertise in one of kind of the areas that we focus on. So things like data science, engineering, very technical areas, design, entrepreneurship, digital strategy product is another big one. So really, we’re looking for someone that has kind of this core expertise, they demonstrate success externally in the private sector in this area, but also they’ve some of the softer skills, they’re seasoned leaders, they have humility, they have high emotional intelligence, they can come in and take on kind of high level projects, work with senior leaders, but also all the way down with more junior folks. And so really kind of robust backgrounds.

Tom Temin: And how are they chosen?

Josh Di Frances: So we do a broad open kind of call for applications. And so we look for those areas of expertise. We leverage our current fellows and our team to interview and narrow down to group of finalists. And then concurrent to that process, we line up projects at agencies. And so we’ll work with agencies, a lot of agencies submit projects, we decide which ones are the best fit for the program. And ultimately, the agencies get to interview the finalists. So we’ve narrowed down say you want a product lead for a major program, we’ll narrow down to a group of amazing product leaders, we’ll send them over and the agency gets to interview and select who they want to bring on.

Tom Temin: Got it. And they are there just for a year, do they get paid for the year?

Josh Di Frances: They do. So we bring in fellows at a pretty senior level. I think early on when they started this fellowship in 2012, they realized that we needed to make it competitive, we needed to position the fellows within agencies in a senior role so that they had influence. So we bring them on at the GS 15 level in DC. That’s about $143,000. Yes, they do get paid.

Tom Temin: And over the years, have you had any of them that decide, you know I really like this, is there some way I can stay in the government? And is there a process to allow that should both sides agree?

Josh Di Frances: Yes. So there is. So it is initial one year fellowship, there’s an opportunity to extend for the second year, and we see most agencies and fellows opt in, they have to mutually opt in for that and about 80% stay on for the second year, which is great. And then after the second year, we see a lot of fellow stay on in government, over 50% stay on a lot of them have taken leadership roles, agencies like CTO, agencies like the VA, or deputy us CTO, really senior roles, which is exciting to see. We don’t directly facilitate them staying on in government in any way. I think folks just come in, they get excited about the mission about the opportunity, and agencies kind of look for ways to bring them on.

Tom Temin: And you yourself have a pretty impressive pedigree in the private sector in technology deployment before coming here. How long have you been at GSA and how did you find your way into the PIF?

Josh Di Frances: Thanks Tom. Yeah, so I actually didn’t have government on my radar initially. I was in the private sector, I worked actually at the intersection of technology and healthcare, and the biotech side and academic medicine. And then most recently on the kind of venture capital partnership side at a big fortune five, and I was pretty plugged in Boston in the healthcare technology ecosystem. And I heard about this program, I thought it sounded really cool. I knew a couple amazing women in Boston that became fellows and we’re kind of rock stars in the healthcare world over there and just got excited. And when a role opened up, I reached out and applied and it just worked out. So I’ve been thrilled. It’s been incredible journey. Been here a little over three years now. And yeah, very thankful for the opportunity.

Tom Temin: So you know what it’s like to work in the government office and also to telework yourself.

Josh Di Frances: I do in about March, all kind of GSA employees went fully virtual. So with over six months in now, working remotely,

Tom Temin: Alright, Joshua Di Frances is executive director of the Presidential Innovation Fellows Program at the GSA. Thanks so much for joining me.

Josh Di Frances: Thanks, Tom. Really enjoyed it.



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source https://blog.jsa.digital/index.php/2020/10/30/the-newest-batch-of-presidential-innovation-fellows/

Trump counting on final get-out-the-vote push to fuel narrow path to victory


While polls consistently show the President trailing nationally and in key battlegrounds, the Trump campaign contends that enough battleground states remain in play to give the President a path to victory if they are able to turn out their voters in large numbers on Election Day. The campaign has launched a final 110-hour push to the polls, targeting people it believes to be Trump supporters and getting them to vote.

Trump will travel to the states his campaign considers the most competitive at a breakneck pace in the final weekend of the campaign, holding rallies in Florida, Georgia, Iowa, Michigan, North Carolina, Pennsylvania and Wisconsin. All told he is scheduled to make at least 14 stops from Saturday through Monday. His travel garners significant local media coverage, and his campaign also uses the rallies to identify voters, make sure they have cast their ballots and, if not, use the campaign apparatus to contact them and get them to vote.

“Polls always mattered to some, but they mattered less these days because more and more actual votes have been cast every single day,” said Trump campaign manager Bill Stepien. “Ground game matters — in state after state, we can see the result of President Trump’s grassroots operation, which is simply the best that’s ever been built.”

Campaign officials believe their ground game will make a difference in states that they expect will be close on election night, like Arizona, Florida, North Carolina and Georgia. And in Pennsylvania, Republicans point to an uptick in voter registration and a massive on-the-ground operation that they believe will lead to a Trump victory.

“Where the ground game matters is where the vote is won on the margins. At some point, we don’t believe that advertising is as effective because of diminishing returns,” said Richard Walters, the chief of staff of the Republican National Committee. “We believe that based on certain turnout models, that the ground game will be what makes the difference.”

As the coronavirus pandemic hit the country earlier this year, Joe Biden’s presidential campaign and most other Democrats halted in-person and door-to-door organizing; Republicans did not. Democrats have cautiously resumed those efforts in recent weeks in key states, but even Democratic Party operatives and officials acknowledge that their relatively limited efforts to contact voters in person could pose a problem on Election Day.

The Biden campaign told CNN that its turnout operation is just as robust as Trump’s, with more than 3,500 field staff on the ground and an aggressive virtual, phone and SMS voter outreach.

Trump and Biden battle for the Midwest as virus surges

“We’ve built a massive organizing program that’s having millions of meaningful conversations with voters online, over the phone, and at safe, socially distanced in-person events, in a way that meets them where they’re at and respects public health,” said Michael Gwin, the deputy rapid response director for the Biden campaign. “The proof that our approach is working is in the pudding: Democrats are turning out in record numbers and voters have made clear that they’re disgusted by Trump and his campaign’s refusal to take this pandemic seriously.”

Few doubt the value of the GOP data operation. It is a complicated modeling system that has been compiling information on potential Trump voters for more than three years. And for Republicans, the difference between a narrow win or loss could come down to putting this operation to work in the manner they have been predicting.

But there is doubt that the ground game will make up enough of the difference if, as public polling shows, Trump is down significantly nationally and in key states.

“If this were the down-to-the-wire race we were all expecting through March, that ground effort would be absolutely critical to winning that last point or two at the margin,” said GOP operative Liam Donovan, who is not affiliated with the Trump campaign. “But a fraught public health environment makes the execution tougher than ever, and absent a polling error even bigger than what we saw in 2016, the states at the tipping point just don’t seem to be close enough for it to matter.”

The decision by the Trump campaign to focus resources on the ground organizing was a strategic investment that banked on a close election. The campaign spent more than $300 million on the data and ground operation and less on television and digital advertising in the final leg of the campaign. Biden and the Democrats are significantly outspending Trump and Republicans on the airwaves nationally and in key battleground states.

Walters believes that if the race ends up being close, the dollars spent on getting out the vote will be of far greater value than additional TV ad spending.

“I always tell people that if the first $300 million on TV didn’t move someone to vote for you, the last hundred million isn’t going to,” he said. “People want to be asked for their vote, they want to not be taken for granted.”

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source https://blog.jsa.digital/index.php/2020/10/30/trump-counting-on-final-get-out-the-vote-push-to-fuel-narrow-path-to-victory/

Zensar to exit maintenance biz, to focus on digital services in future | Pune News


Pune: City-based technology firm Zensar Technologies said it expects to close a deal in the next quarter to sell its third-party maintenance business and focus on its core digital, cloud, and information technology businesses going forward.
“We plan to invest more in our core businesses as we have a base in countries like the US and South Africa, among others. The third-party maintenance business, under the PSI Group, is no longer a focus for us, which is why we have identified a buyer and hope to complete the deal next quarter,” Zensar CEO and managing director Sandeep Kishore told TOI while discussing their Q2 results.
Kishore said they have decided to focus on digital business due to an increasing share (nearly 60%) of its revenue coming from it — a lion’s share of potential clients are expected to avail themselves of Zensar’s digital services, including app support and real-time data monitoring. On the company severing ties with clients, Kishore said it was a conscious choice to have “fewer clients and deeper relationships”.
Zensar reported revenues of around Rs979 crore for Q2, down around 9% over the corresponding quarter last year. The potential sale of its third-party hardware maintenance business to the US-based Service Express — subject to board and shareholder approval — is expected to fetch Zensar around Rs89 crore.
The company’s stock closed at Rs177.95 at the Bombay Stock Exchange on Friday, dipping by around 4.8%.
Kishore said that the firm’s cash position has improved, helping it to pay off a significant portion of its debt. While its rate of attrition has reduced significantly over the corresponding quarter last year, it has also shed its headcount by over 1600 employees.
“Our normal attrition rate is around 15%. We have not done any significant backfill in the recent period, and given the business situation, we are managing our costs very strictly. Our headcount will increase next quarter onwards, as our business stabilizes and marginally grows,” he added.
He also expects their way of working after the pandemic to return to a hybrid home-and-office model. “Permanently working from home is not feasible. We need to find the right balance. We have settled on working from home during the coming few months. It certainly won’t be the same after the pandemic; there will be a hybrid model,” he said.

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source https://blog.jsa.digital/index.php/2020/10/30/zensar-to-exit-maintenance-biz-to-focus-on-digital-services-in-future-pune-news/

Li stresses key role of innovation

Premier Li Keqiang visits Origin Dynamics Intelligent Robot Co Ltd, a company focusing on research and development, during an inspectio...