May 11, 2021


Reshaping Your Business to Meet the Digital Age

6 min read

Opinions expressed by Entrepreneur contributors are their own.

Change comes with the territory in business. Fail to adapt, and your company can quickly shutter. However, the pace of change in the digital age has become exponential and is disrupting even large, successful companies that might seem secure. In fact, more than half of Fortune 500 companies have gone bankrupt, been acquired, or shuttered due to digital disruption — and researchers predict that 75 percent of S&P companies will be replaced by 2027. COVID-19 has only accelerated shifts. Reshaping your business to accommodate the new

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Bringing life insurance into the age of Big Data

Life insurance is one of the oldest industries in existence, but today it is undergoing a transformation thanks to AI and data science.

The big picture: With a business model built on predicting the future of its customers, the life insurance industry seems well-positioned to take advantage of the prognosticative powers of machine learning, but it will have to overcome an ingrained conservatism — and fears of AI bias.

By the numbers: A report published this week from the analytics company GlobalData forecasts that AI platform revenues in the insurance sector will grow by 23% a year between 2019 and

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Warren Buffett warned that ‘hot’ stocks fade, joked about his age, and celebrated America in his annual letter. Here are the 10 best quotes.

Warren Buffett.

  • Warren Buffett released his yearly letter to Berkshire Hathaway shareholders.
  • The investor warned that frenzies around fad stocks eventually fade.
  • Buffett also discussed bonds, trading fees, and America’s wealth generation.
  • Visit the Business section of Insider for more stories.

Warren Buffett described how hype around “hot” stocks can evaporate, reminded stock traders that their transaction fees fill Wall Street’s coffers, and celebrated American prosperity in his annual letter on Saturday.

The famed investor and Berkshire Hathaway CEO also joked about his age, bemoaned the outlook for bond investors, and admitted to overpaying for Precision

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The trade-offs that led to $1 million net worth at age 35

  • A man with a $1 million net worth said getting there required some sacrifice.
  • Moving away from family was the first hard decision, but it changed the trajectory of his and his wife’s financial life.
  • They started degree programs, which limited their social life, and remained conscious about spending even as their income went up.
  • Visit Personal Finance Insider for more stories.

Sacrifice is almost always required when you have big financial goals.

For Drock, a lobbyist who lives in Washington, DC, and his wife, the road to a $1 million net worth by 35 was littered with trade-offs. 

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