The Socialist Party is filing a complaint to the authorities in connection with the “underhand” sale of Vodafone to a state-owned fund which “recorded a loss of around 13 billion forints [EUR 31.3m]” during the sale of the telecommunications company in the period of less than a year, and the opposition alleges that the state exchanged high-value shares for ones of lower value in opaque transactions that produced losses seriously detrimental to national interests.
The state ploughed billions of forints of public funds into telecommunications and IT company 4iG, the majority owner of Antenna Hungaria, to bolster its market position, thereby squandering 13 billion forints of public assets in order to give a private company a competitive advantage, the Socialists said in a statement on Tuesday. The statement said the transactions raised suspicion of mismanagement and negligence, adding that it was justified for the authorities to launch an investigation.
The statement said on January 31, 2023, the state fund in question, Corvinus, purchased a 49 percent stake in Vodafone Hungary for 323.4 billion forints. Later, it added that 19.5 percent of shares were exchanged for 128.7 billion forints. Two days later, Corvinus exchanged the 19.5 percent Vodafone shares in other telecommunication companies, Yettel and Cetin, during which the value of Vodafone shares was set at 125.7 billion forints, 3 billion forints less than two days earlier. Then, in December 2023, the statement added that Corvinus sold its Yettel and Cetin shares for 115.8 billion forints, recording a further loss of 9.9 billion forints.
One Hungary instead of Vodafone
As we wrote yesterday, listed ICT company 4iG rebranded the commercial telecommunications services of its units Vodafone Magyarorszag, DIGI, Antenna Hungaria and Invitech under the One aegis from January 1. Read details HERE: Vodafone is gone! Acquirer One Hungary opens flagship store in Budapest.
Also, it’s interesting that Vodafone received a gigantic fine from Hungarian authorities before the transaction; details are HERE.
Hackers continue to auction Hungarian military data stolen from the state-owned Defence Procurement Agency (DPA) server on the Dark Web.
According to Népszava, which cited information from a security expert, although details of the bidding are not publicly available, the expert confirmed that the stolen Hungarian military data remains in circulation on the Dark Web. There is no information regarding whether any bids have been placed for the documents.
The fate of the stolen Hungarian military data remains uncertain
The Inc. Ransomware hacker group attacked the OTP server in December. During the attack, the hackers encrypted the stored data and stole over one terabyte of information. Leaked screenshots reveal that the stolen materials include defence procurement documents, organisational Hungarian military data, and Hungarian force development programme records.
The attackers initially demanded $5 million from the Hungarian government to return the stolen information. However, after the government – presumably – refused to pay, the hackers launched an auction in late November with an opening bid of $1 million. The current status of the Hungarian military data auction and its duration remain unknown.
What could happen to the data?
Experts suggest that hackers typically attempt to sell stolen information for up to a year. If they fail to secure a buyer, they may publish or make the data available online. Such a move would pose significant security risks, particularly for sensitive materials containing details of Hungarian military procurement and force development plans.
Background to the attack
The Inc. Ransomware group’s origins remain unknown. However, based on their activities to date, they are believed to be a well-organised, international hacking group. The attack on the UBÜ was first exposed in December when the hackers released two dozen screenshots on the Dark Web, which experts interpreted as evidence of their possession of Hungarian military documents.
DK calls for national security committee meeting
The opposition Democratic Coalition (DK) has called for a meeting of parliament’s national security committee to discuss “the sale of Hungarian military secrets”, Ágnes Vadai, DK’s deputy group leader, announced on Tuesday.
According to press reports, “confidential military information stolen from the Defence Procurement Agency’s website is still being sold online,” Vadai said. She accused the government of failing to address “a matter involving grave national security risks”.
The committee meeting aims to investigate “government errors, efforts to recover the data, and whether the government has contacted the authorities of other countries” in relation to the security breach, she added.
In July 2024, a large-scale hacking attack leaked the personal data of hundreds of thousands of Hungarian users onto the dark web. The case involved Kütyübazár, an online shop that has been on the market for more than a decade and is known for its unique gift ideas.
The information obtained in the hack included names, email addresses and home addresses, initially sold by a user called SirDump. According to Index, the data dump contains details of approximately one million orders, which could have affected around 800-850 thousand users. The authenticity of the database has been confirmed by emailsec experts who have verified the leaked information and confirmed that the data it contains is authentic.
Source: Pixabay
Fortunately, passwords and credit card details were not included in the package, so the data cannot be used to directly hack identities. However, experts warn that this wealth of personal data provides the perfect basis for fraud and phishing attacks that could cause serious financial and personal damage to those affected.
How did the breach occur?
The hackers likely obtained the data by exploiting vulnerabilities in Kütyübazár’s IT systems. A lack of proper encryption for customer data significantly increased the risk. László Jakab, the CEO of Kütyübazár, acknowledged that the attackers accessed the system by compromising an employee’s password.
In response to the attack, Kütyübazár immediately filed a police report, notified the National Data Protection Authority and informed the affected users by email in August. Since then, the company has completely replaced the open source system it had been using and introduced other security enhancements.
According to Dénes Fodor, an IT security expert at White Hat, the database does not contain the data of one million people, but rather that many orders, among which there may be duplicates. So realistically, the personal data of 800-850,000 users could have been compromised. However, Kütyübazár claims that the actual number of real users affected could be as low as 221, as a significant portion of the stolen data was either for testing purposes or fake data.
Source: Pixabay
Flaws in the system and liability
According to Kütyübazár’s management, their previous systems were also checked by a cyber security expert, who found no critical flaws. Nevertheless, the attack has shown that even the smallest vulnerabilities can be exploited by hackers, especially in a market where hundreds of thousands of orders are placed every year. The company has tried to manage the situation responsibly by informing stakeholders, improving the system and working closely with the authorities to minimise the damage.
The events highlight the importance of cyber security, especially in the world of online shopping where huge amounts of personal data are handled. The incident also serves as a warning that companies need to continually improve their security systems and pay particular attention to training employees in password management and other basic security protocols.
In addition, users should be more aware, for instance, by updating their passwords regularly and avoiding sharing too much personal information online. For many, the data theft scandal could be a wake-up call to be more vigilant about their online presence and the protection of their data.
A criminal gang has caused hundreds of millions of forints of damage in Hungary using sophisticated phishing methods. So far, two main suspects, a Ukrainian and a Hungarian, have been arrested in the case, and 23 people who helped the criminals by opening bank accounts and laundering money have been questioned.
Scammers have mastered the use of technology to obtain victims’ online banking credentials. Their methods included sending fake bank notifications and emails to deceive victims. These were used to trick them into downloading programs such as AnyDesk, which allowed remote access to their devices. Once they had access to the data, they carried out unauthorised transactions.
Picture is for illustration only / Source: Pixabay
The money was then moved through a complex money laundering scheme. Transactions were routed in several steps, often to different destination accounts and cryptocurrencies, in order to cover their tracks. This method not only harmed the victims, but also contributed to international financial crime.
According to Portfolio, investigations have revealed that the criminal organisation has so far defrauded more than 30 victims of a total of HUF 330 million (EUR 806,353). In the largest known case, the criminals transferred HUF 70 million (EUR 171,149) from a single bank account to various accounts and then made the money disappear.
The cyber criminal gang
The central figure in the network was a 24-year-old Ukrainian who ran the organisation from Montenegro. He coordinated the fraud committed in Hungary and the distribution of the embezzled funds. He was arrested in Austria and extradited to Hungary through international police cooperation. He is currently in custody and the court has ordered his arrest.
Investigators found that, in addition to the Ukrainian, a 26-year-old Hungarian man also played a key role in the criminal organisation. He was directly involved in several financial transactions that facilitated the fraud. During the investigation, several members of the criminal gang were identified who performed different tasks. Some were responsible for opening fake accounts, others for obtaining victims’ details or transporting money.
The funds obtained have often been hidden in the form of various cryptocurrencies to make identification and tracing more difficult. This activity has led to serious international criminal activity, as many foreign actors may have been involved in the money laundering process.
The Pest County Police Headquarters is continuing to prosecute the members of the criminal conspiracy for commercial fraud and money laundering of a particularly high value. The authorities are currently investigating the further activities of the network and are looking for new participants in order to fully uncover the activities of the criminal organisation.
This case highlights the serious damage that online fraud and phishing schemes can cause to individuals and the financial system. Criminals are using sophisticated techniques and organising themselves on an international scale, presenting new challenges for the authorities. The results of the investigation so far are an important step in dismantling the criminal network, but the full investigation may take longer.
UNCHAIN Fintech Festival, the most prominent banking tech conference in Central and Eastern Europe, proudly announces its 4th edition, set to take place on June 19–20, 2025, in the well-established Fintech Fortress of Oradea (Nagyvárad), Romania. The event will continue to seamlessly merge business impact with an unmatched summer festival experience, delivering cutting-edge content and invaluable connections.
Building on three years of success, UNCHAINenters a new growth phase with strengthened international partnerships. The strategic partnerships with LOT Airlines, Oradea Municipality, and Visa will boost the festival’s direct flight connections across the CEE, enhancing its accessibility and impact, and making it a significant milestone for both UNCHAIN and the region.
“Strategic partnerships drive growth and are the cornerstone of innovation in fintech. Through trusted collaborations, we aim to cultivate an industry revolution over time. Our alliance with LOT Airlines, for example, simplifies travel for participants, offering direct flights connecting all CEE capitals via Warsaw, along with exclusive perks like business lounge access. Similarly, Visa’s continuous partnership with UNCHAINunderscores their trust in the event, providing their international experts with a premier platform for learning, discovery, and innovation and turning them into genuine fintech ambassadors. Such initiatives embody our commitment to growing UNCHAIN into a truly transformative event, a vision made possible by a reinforced team focused on achieving even greater impact in the years ahead,” said Alexandra Pollack, Founder & CEO of UNCHAIN.
Photo: FB/Unchain
A Thriving Network at the Core
The strength of UNCHAIN lies in the network it creates and fosters. To enhance this, the UNCHAIN team consolidates by welcoming David Pollack, an expert in international projects development & financial markets, as a permanent member and growth driver. This renewed team will focus on expanding the community of business and industry advisors, ensuring a comprehensive representation of the region’s diverse fintech landscape. Their mission remains steadfast: to unite the CEE fintech ecosystem, amplify its collective voice, and encourage business growth.
David Pollack, Head of Growth & International Development at UNCHAIN, remarked: “Next year marks a strategic leap for UNCHAIN. We’re cementing the event’s foundation with robust partnerships but also with an elite advisory network that spans all major CEE markets. I am excited about the influx of financial institutions, regulators, innovators, and startups who will enrich the event through their knowledge, ideas, and collaboration.”
UNCHAIN’s Role in Regional Fintech
As the benchmark for fintech and financial services events in the CEE, UNCHAIN is dedicated to driving regional innovation through cooperation, resource access, and elite networking.
Alexandru Chira, Director General at Visit Oradea, stated: “The success of the UNCHAIN Fintech Festival highlights not only the remarkable potential of Central and Eastern Europe’s fintech ecosystem but also the importance of public sector involvement in driving innovation and collaboration. Events like this provide the economy with access to essential networking opportunities and relevant industry insights, fostering growth and development. Oradea is proud to play a pivotal role in creating the infrastructure necessary to support and nurture initiatives like UNCHAIN. Visit Oradea will continue working alongside the festival’s extraordinary project team to bring together regional leaders from fintech, regulators, banks, startups, and academia. We remain committed to contribute to their vision of fostering a collaborative spirit that will resonate across Europe.”
Photo: FB/UNCHAIN
2025 Agenda Highlights
The upcoming edition boasts an expanded agenda, with more enhanced targeting of content. The main stage will transform into a general assembly focused on policy and public sector topics, while the sub-stages will further deliver exceptional quality content.
Digital Banking, with focus on the rise of neobanking and how AI implementations shape the financial ecosystem;
Payments, with focus on Cross-Border and P2P (Peer-to-Peer) models;
Regulation & Compliance, Security being the main topic of discussion in nowadays’s changing digital landscape.
All this will be matched by a lively expo & networking area, enhancing visibility and improving connectivity for the partners
The organizers expect over 120 global speakers from 40 countries, with insights on emerging trends, plus participation from 700+ delegates and 350+ companies. With 70% representation from the financial sector, UNCHAIN is the definitive platform for impactful fintech dialogue.
Bankers, fintech creators and enthusiasts that want to meet global leaders, discover innovative solutions, and expand their network should seize the opportunity to join the most dynamic fintech event in the CEE. Immediate registrations will benefit from the Super Early Bird Offer — 750 EUR, meaning an exclusive 40% discount until January 31st.
See you all at this summer’s UNCHAIN Fintech Festival on June 19-20, 2025, for unforgettable moments.
From 16th January 2025, the Client Gate (Ügyfélkapu) system as Hungarian citizens know it will be phased out, ushering in a more secure and advanced approach to digital identification. The cornerstone of this transformation will be the Client Gate+ (Ügyfélkapu+) system and the Digital Citizenship Programme (DCP) mobile app. These innovations reflect the government’s commitment to improving the efficiency and security of access to public services.
According to Portfolio, the migration addresses long-standing weaknesses in the old system, which relied on basic username and password credentials. This outdated method posed significant risks, such as unauthorised access and data breaches.
The Client Gate+ replaces the existing identification method with two-factor authentication, providing a robust layer of security. Available since 2022 via the Central Identification Agent (CA) interface, it combines a password with a one-time code generated exclusively on the user’s mobile device. Importantly, the code is generated by an authentication application and remains functional even when offline.
To set up Client Gate+, users require a smartphone and an app, such as Google Authenticator or the NISZ app. These apps generate a new code every 30 seconds, which must be entered when logging in. Setup begins on the Client Gate portal, where users connect their device to the system.
While Client Gate+ represents a significant leap forward, its longevity is uncertain, as the DCP mobile app may soon replace it entirely.
Source: Pixabay
The future of administration
The DCP mobile app, already used by 337,000 Hungarian citizens, aims to streamline digital administration while maintaining strict data security standards. Its key feature is an EU-approved QR code-based identification method that allows password-free access to public services.
Registering for the app is a straightforward process that requires a smartphone, a Hungarian mobile phone number, an ID document, and a short visit to a government office. Identification is completed by scanning a QR code. In addition to simplifying processes, the app will eventually integrate personal data and official documents, such as vehicle and property details. Hungary’s first digital document, the moral certificate, is already accessible via the app, paving the way for other documents to follow.
In cooperation with the EU, the Hungarian government is prioritising the digitisation of key life events. These include milestones such as moving house, starting a business, getting married, retiring, or having a child. One of the first fully digitalised processes will be buying a car. By the end of 2027, all major life events should be manageable through the DCP app. The app will also see regular feature enhancements to ensure a seamless experience.
Source: Pixabay
Future plans and enhancements
The capabilities of the DCP app will continue to expand. By the third quarter of 2025, it will support bank and utility logins, as well as digital signatures. By the end of the year, it will facilitate car sales and offer a digital wallet function for accessing electronic documents.
From 2026, it will introduce ePost and ePayment functions, enabling digital communication with public services and the payment of fees. The long-term vision is a single, unified platform for dealing with everyday public administration needs via a mobile device.
The retirement of Client Gate marks the beginning of a more modern and secure era for digital public services. Client Gate+ and the DCP app are laying the foundations for a comprehensive digital administration that prioritises convenience, security, and accessibility. With plans to cover most life events digitally by 2027, these innovations aim to simplify citizens’ lives while positioning Hungary at the forefront of modern public administration. The future is clear: a fully digital, secure, and efficient system, tailored to the needs of everyday life.
While gaming mice often take the spotlight, a good mouse pad can have a huge impact on your gaming performance. A high-quality mouse pad provides a smooth surface for your mouse, reduces friction, and can improve accuracy. In 2024, mouse pads come in various sizes, materials, and designs tailored for different types of gaming experiences.
Key Features to Consider in Gaming Mouse Pads
Surface Material: The material of the mouse pad affects the mouse’s glide. Cloth pads provide a soft feel and high control, making them ideal for FPS games. Hard surfaces are better for speed, offering less resistance for quicker movements.
Size: Depending on your playing style, choose a mouse pad that suits your needs. Larger mouse pads offer ample space for wide mouse movements, while smaller ones are more portable. Extended mouse pads that also fit the keyboard are popular for those who want a unified aesthetic.
Thickness and Cushioning: The thickness of the mouse pad impacts comfort. A thicker pad with additional cushioning can reduce wrist strain, while thinner ones allow for quicker movements.
Edge Stitching: To prevent wear and tear, especially at the edges, look for mouse pads with stitched edges. This ensures that the pad stays intact over time.
Non-Slip Base: Ensure the mouse pad has a non-slip base to keep it in place during intense gaming sessions.
Top Gaming Mouse Pads of 2024
SteelSeries QcK Heavy The SteelSeries QcK Heavy is known for its large size and high-quality cloth surface. It offers precise control, ideal for low-DPI settings. The thick cushioning ensures wrist comfort during long gaming sessions.
Logitech G440 Hard Gaming Mouse Pad The Logitech G440 provides a hard surface that’s smooth and durable, offering low friction for high-speed gaming. It’s ideal for precision shooters and those who require quick movements.
Razer Goliathus Extended Chroma The Razer Goliathus Extended Chroma is an extended-size mouse pad that covers both your mouse and keyboard area. It features RGB lighting, allowing you to sync the lights with other Razer products for a cohesive gaming setup.
Corsair MM300 Pro The Corsair MM300 Pro offers a smooth cloth surface and durable design, with stitched edges that prevent fraying. Its anti-skid rubber base ensures stability during intense gaming sessions.
HyperX Fury S Pro SE The HyperX Fury S Pro SE offers an ultra-smooth surface and comes in a variety of sizes. The anti-fray stitching and non-slip rubber base make it a durable choice for gamers who demand accuracy.
Conclusion
A quality mouse pad can drastically enhance your gaming experience by offering a smoother surface, better control, and comfort. Whether you choose the SteelSeries QcK Heavy for its control and comfort or the Razer Goliathus Extended Chroma for its immersive RGB lighting, investing in the right mouse pad will make your gaming sessions more enjoyable and precise.
Disclaimer: the author(s) of the sponsored article(s) are solely responsible for any opinions expressed or offers made. These opinions do not necessarily reflect the official position of Daily News Hungary, and the editorial staff cannot be held responsible for their veracity.
Hungarian students performed above average in last year’s International Computer and Information Literacy Study (ICILS) computer and information literacy study, a government official said on Tuesday.
Hungarian students perform above average
The digital competence of students is at the forefront of Hungary’s digital education strategy and public education strategy, both of which ensure infrastructure development and the digital knowledge of teachers, Katalin Balatoni, the deputy state secretary for public education told a press conference.
Broadband internet is available in schools, students have constant access to electronic devices, and a broad array of digital teaching materials and audiovisual content is available on the public education portal, she added.
As the digital landscape evolves, organizations are recognizing the critical role that knowledge management plays in maintaining a competitive edge. Knowledge management software has become a linchpin in harnessing the collective expertise and information within a company. Companies that leverage these tools foster robust knowledge ecosystems, leading to increased innovation and efficiency. Implementing such systems can seem daunting, but the inherent benefits far outweigh the initial challenges. Keep reading to understand how adopting knowledge management tools can profoundly benefit your organization.
Understanding Knowledge Management Software and Its Growing Significance
Knowledge management software centralizes and organizes an organization’s information, making it easier to access and share valuable insights. This technology is crucial for preserving knowledge, reducing redundant efforts, and ensuring that critical information is not lost when employees leave.
By breaking down information silos and fostering collaboration, this software enhances efficiency and supports continuity within a company. Selecting the right platform that fits the organization’s culture and workflows is essential for seamless integration and maximizing its benefits.
Enhancing Efficiency and Productivity with Knowledge Management Systems
Knowledge management systems help companies save time by efficiently retrieving information and storing data in a centralized location. They facilitate better task management and project coordination, allowing team members to learn from past projects and use proven strategies.
Automation of routine tasks like data entry and information synthesis allows employees to focus on higher-order thinking and creative problem-solving, improving productivity and job satisfaction. The right knowledge management tool can serve as a catalyst for process improvement and lean management, empowering employees to optimize workflows and contribute to a culture of continuous improvement.
Boosting Innovation and Collaboration Through Organizational Knowledge Sharing
Knowledge management systems are crucial tools for fostering innovation and creativity within a company. They bridge geographical and departmental divides, allowing employees to build on each other’s ideas and spark creativity. These systems also act as incubators for collective learning, allowing team members to share insights from successes and failures, contributing to the organization’s competencies.
They prevent errors and facilitate intelligent approaches to new challenges. Collaborative features in these systems emphasize the value of teamwork, with discussion forums, real-time document editing, and knowledge bases promoting a sense of community and collective goal achievement. Cross-functional collaboration, driven by shared access to company wisdom, leads to a holistic understanding of the firm’s goals, unlocking potential in isolated teams.
Reducing Operational Costs By Streamlining Information Access
Source: Pixabay
Implementing knowledge management systems can significantly reduce operational costs by eliminating redundant task execution and associated expenses. This allows employees to utilize existing resources more efficiently, leading to cost-efficient operations. Time saved in searching for information can lead to reduced labor costs, allowing employees to execute tasks more efficiently and with greater precision.
Knowledge management solutions also mitigate employee turnover risk by keeping embodied knowledge within the company’s digital memory, minimizing the impact on ongoing operations and the cost of bringing new employees up to speed. Knowledge management systems can enhance customer service by providing quick access to accurate information, leading to higher customer satisfaction and retention rates, making them an invaluable asset in competitive markets.
How Knowledge for Management Software Fosters Informed Decision-Making
Knowledge management software offers significant benefits in decision-making, providing managers and leaders with comprehensive data and insights to make better-informed decisions. This reduces uncertainty and allows for a strategic approach to business challenges. Real-time knowledge sharing is crucial in fast-paced industries, where timely decisions are crucial. Analytics tools integrated into these systems can discern patterns and trends, enabling proactive decision-making.
This empowers personnel at all levels to take ownership of their decisions, boosting confidence and driving a more dynamic and responsive organizational structure. Knowledge management software provides a consolidated view of an organization’s knowledge base, enabling swift reactions to emerging situations and opportunities.
Altogether, the integration of knowledge management software unlocks a wealth of potential within organizations. It streamlines processes, fosters innovation, reduces costs, and sharpens the decision-making prowess of the workforce. Embracing such systems is not just a wise investment in technology; it’s an investment in the collective intelligence and future success of the company.
Disclaimer: the author(s) of the sponsored article(s) are solely responsible for any opinions expressed or offers made. These opinions do not necessarily reflect the official position of Daily News Hungary, and the editorial staff cannot be held responsible for their veracity.
Managing big data has become vital for companies seeking to outcompete their rivals by leveraging information in the current compelling force of big data. BI today is an indispensable toolkit that holds tools for efficient data collection, analysis, and transformation into useful information for companies.
These technologies enable firms to make good decisions, reduce costs, and drive growth by understanding complex datasets systematically.
So, how do these business intelligence tools help companies?
Data Collection: Centralizing Information
The first stage in BI is data acquisition. Companies generate fresh data daily on everything from marketing effectiveness and supply chain management to sales and customer engagement. BI technologies simplify the process of data gathering by using data drawn from various locations, including databases, cloud, CRM systems, and social media. Many companies may be overwhelmed with information if they cannot pinpoint a method for gathering and organizing it.
Data Analysis: Gaining Insights
Analysis is essential after data collection. As noted above, BI systems are rich in features relating to data visualization and analysis, and therefore, businesses may understand raw data in the form of charts, graphs, dashboards, and reports.
Predictive and prescriptive analytics are achievable through the practical usage of machine learning (ML) and artificial intelligence (AI) advanced BI systems. Based on historical trends, predictive analytics facilitates organizations’ forecasting of potential market shifts or fluctuations in sales. On the other hand, prescriptive analytics makes practical suggestions based on these forecasts.
Data Transformation: Strategic Implementation
Any BI system’s ultimate objective is to convert data into actionable strategies. During this phase, insights gained from analysis inform corporate decisions. BI tools can monitor key performance indicators (KPIs) in real-time, facilitating prompt adjustments to emerging trends.
For example, a business that tracks sales data can determine which goods are successful and what factors contributed to those successes. Product development, marketing campaigns, and expansion plans can all benefit from this knowledge. Continuous performance monitoring enables businesses to stay flexible and modify their plans in response to emerging trends or difficulties.
Enhancing Collaboration and Transparency
By making data available and transparent, BI tools improve teamwork. Dashboards can be shared throughout departments to guarantee that everyone is working with the same data. A data-driven culture is promoted by this transparency, where judgments are made based on facts rather than gut feelings. Thanks to the growth of cloud-based BI solutions, teams may now access data and reports from any location. This encourages remote collaboration, which is advantageous in today’s international industry, where teams frequently operate across time zones and regions.
Even sectors like gaming have started to use business intelligence technologies for strategic advantages in data-driven decision-making. Casinos, for instance, use BI technologies to examine how players in games like blackjack behave. By looking at data on player demographics, betting habits, and game outcomes, casinos may boost consumer engagement, optimize their marketing tactics, and improve the overall gaming experience.
Key Takeaway
Success is determined by the ability to work with data in the corporate environment. Business intelligence technologies facilitate strategic growth and effective decision-making by allowing firms to collect, analyze, and transform data into useful information. They assist firms in the context of changing market conditions by accepting a scientific culture and enhancing team performance. Adopting business intelligence involves more than just handling data; it also entails utilizing its potential to advance companies in a cutthroat market.
Disclaimer: the author(s) of the sponsored article(s) are solely responsible for any opinions expressed or offers made. These opinions do not necessarily reflect the official position of Daily News Hungary, and the editorial staff cannot be held responsible for their veracity.
Having a corrupt or damaged MP4 video can be a distressful experience, especially if it contains something precious or memorable. Luckily, there are several MP4 repair methods as well that you can try to repair your damaged videos. Some of these methods affect your video quality and repairing MP4 files without losing quality can be challenging.
Whether your MP4 video is corrupted due to improper transfer, software crash, or an unexpected power outage, you should try repairing these files without sacrificing quality. In this article, we’ll explore the causes of your MP4 video corruption and methods to help you learn how to repair your MP4 without losing its quality.
Common Causes of MP4 Video Corruption
Before diving into different methods to repair MP4 video files, it’s essential to understand why MP4 files may become corrupted. Here are some of the main reasons for MP4 file corruption:
Interrupted File Transfer: If the file transfer process is interrupted due to any reason, including power failure, system crash, or disconnected storage device, it can lead to incomplete or corrupted files.
Software Issues: Any issue in your video-editing software or media player can cause file corruption, especially if the software crashes during a video edit or conversion process.
Virus or Malware: Malicious software such as viruses or malware can damage MP4 files by altering their structure or interfering with playback.
Corrupted Storage Device: Physical or logical issues with storage devices, such as hard drives or SD cards, can cause file corruption.
Quick Methods to Repair MP4 Videos Without Losing Quality
Now that we know why MP4 files can get corrupted, let’s explore how to repair them without losing quality. Just go through the below-given video repair methods one-by-one to make your videos playable again and that’s too without affecting their quality:
Method 01: Try Repairing MP4 Video with VLC Media Player
VLC Media Player is a free, open-source media player that comes with built-in repair functionality to repair your damaged MP4 files in multiple ways. To repair your corrupt video using VLC player, follow the below steps:
Firstly, right-click on your corrupted MP4 video and select Rename.
Change the file format to .avi and press Enter.
Launch the VLC player, click on Tools and then select Preferences.
Now, go to the “Input/Codecs” section and scroll down to the Files option.
Select “Always fix” from the drop-down menu next to the “Damaged or incomplete AVI file” option and click Save.
Once done, try playing your repaired video. If the issue keeps existing, move to the next video repair method.
Method 02: Use FFmpeg to Repair MP4 Files
FFmpeg is a powerful command-line tool that allows you to repair many common issues in MP4 files by re-encoding the video or copying the file streams. Go through the simple steps given below to repair MP4 files using FFmpeg :
Download and install FFmpeg.
Now, launch Command Prompt (or Terminal on macOS/Linux) and go to the folder where the corrupted file is stored.
Type the following command to repair the file: ffmpeg -i corrupted.mp4 -c copy repaired.mp4. This command copies the video and audio streams into a new file without re-encoding, preserving the original quality.
After completion of the process, check if the file is playable.
Method 03: Repair MP4 Video Using Hex Editor
For advanced users, a hex editor can be the best choice to manually repair MP4 files without losing quality. Hex editors display the raw binary data of a file, allowing you to manipulate it at the byte level. You can use Hex editor software tools, such as HxD, HexEd, Hex Fiend, etc. for this. However, this method requires technical knowledge of MP4 file structure and is recommended only for experts.
Method 04: Use Video Repair Software
If the aforementioned video repair methods fail to repair your corrupt MP4 videos, it’s time to use a video repair software. Tools like Stellar Repair for Video are designed specifically for handling video corruption and can repair various issues, from header problems to missing frames. You can use this tool to repair videos that are choppy, grainy, or show error messages during playback. The software supports the repairing of video files of multiple formats, including MP4, MOV, and AVI.
The Stellar Repair for Video tool provides a user-friendly interface and allows you to repair MP4 files without quality loss. Here’s how to repair MP4 video without losing its quality using this professional video repair software:
Firstly, download and install the Stellar Repair for Video software on your device.
Launch the software and from the homepage, click Add Videos to upload the corrupt MP4 video that you need to repair.
Now, click Repair to initiate the repairing process.
Once the repair process is complete, you’ll see a preview of the repaired file. If satisfied, click the Save Repaired Files button to save the repaired file(s) to your preferred location.
Conclusion
Hope, the aforementioned video repair methods help you learn how to repair MP4 video without losing its quality. Whether you use VLC Media Player, FFmpeg, or video repair software like Stellar Repair for Video, each method has its own advantages and is suitable for different levels of corruption. By understanding the exact cause of your MP4 video corruption and following the outlined repair methods, you can recover your files and preserve their original quality.
Disclaimer: the author(s) of the sponsored article(s) are solely responsible for any opinions expressed or offers made. These opinions do not necessarily reflect the official position of Daily News Hungary, and the editorial staff cannot be held responsible for their veracity.
Hungary is hosting Tech Week—Forum for Competitiveness and Technology, focusing on artificial intelligence, as part of its presidency of the Council of the European Union.
In the framework of the rotating Presidency of the Council of the European Union, the Ministry of National Economy of Hungary is preparing a major event called TechWeek focusing on the most advanced and emerging technologies that are crucial in shaping our virtual and non-virtual existence.
The event will take place between 30 September and 1 October 2024 in Budapest, in magnificent venues and with high-level guests. EU and non-EU countries are expected to be represented at ministerial and state secretarial levels, while most of the world’s emerging technology companies will be present at CEO and senior management levels.
Richárd Szabados, the state secretary for SMEs and technology at the National Economy Ministry, said on Tuesday that the forum addresses the advantages and challenges AI presents for businesses and the economy and explores its potential to boost competitiveness. He added that it also highlights the legal environment and the implementation of the EU’s recently approved AI Act.
He said AI has become a “fixture of everyday life” and has already demonstrated how it can improve competitiveness and efficiency.
Deputy State Secretary Szabolcs Szolnoki said Hungary believes the AI Act provides a strong legal framework for the safe and responsible use of AI.
He pointed to AI’s use in a number of local success stories, including its application in warehouse technology for haulier Waberer’s, soft drink production for Hell Energy and the operation of the ZalaZONE vehicle proving ground.
Péter Fekete, the CEO of ICT group 4iG, said a strong cooperation between the government, private sector and scientific players was necessary to promote the broader use of AI.
Lucilla Sioli, the director of the EU AI Office, said the goal of the EU’s AI Act was to establish a harmonised internal market for AI, while promoting its broader use.
Risk Incorporated Company provides innovative solutions for online gambling operators, helping them create gaming products that are not like the primitive products you have seen before and expand their presence in the global market.
Risk.inc focuses on creating unique gaming experiences for users. The company achieves this by using unconventional approaches and constant innovation. The main principles of Risk Incorporated company include:
Accepting risks as part of the strategy for success.
Encouraging creativity and bold initiatives.
Adapting to rapidly changing market conditions.
These principles allow Risk company to develop products that stand out from the competition and attract the attention of players.
How Risk Incorporated Company Creates Unique Gambling Experiences
Risk Incorporated Company is actively working to expand its presence in the global market. The company uses the following strategies to achieve this goal:
Entering new markets and countries.
Creating unusual partnerships with brands.
Implementing technological innovations.
This approach allows Risk.inc to quickly adapt to the local characteristics of various markets and offer products that best meet the needs of local users. Global expansion is one of the key areas of the company’s development.
Risk Incorporated Company pays great attention to forming a strong team of professionals. To do this, the company:
Attracts talented specialists from the industry.
Cooperates with famous ambassadors.
Initiates bold collaborations in the iGaming sphere.
This approach allows us to create products that are not only technically perfect, but also have a unique style that attracts users. Engaging gameplay is the result of the joint efforts of the talented Risk.inc team.
Advantages of Working with Risk.inc Company for Operators
Cooperation with Risk Incorporated Company opens up a number of advantages for online gambling operators. Risk.inc website provides detailed information about the company’s services, including:
Innovative iGaming solutions.
Support in obtaining licenses.
Assistance in strategic planning.
Data analytics.
Licensing support from Risk.inc helps operators quickly enter new markets, complying with all necessary legal requirements. This significantly accelerates the process of business expansion and minimizes the associated risks.
Risk Incorporated Company offers operators comprehensive igaming solutions risk.inc for business development:
Development of unique gaming products.
Creation of effective marketing strategies.
Optimization of operational processes.
Implementation of advanced technologies.
These solutions allow operators to increase the efficiency of their business and improve сustomer engagement indicators.
Risk.inc pays special attention to data analytics services, providing operators with tools for deep analysis of user behavior and optimization of business processes. This helps to make informed decisions and increase the effectiveness of marketing campaigns.
Working with Risk Incorporated Company, operators can:
Quickly respond to market changes.
Implement innovative solutions.
Improve customer service quality.
Cooperation with Risk.inc opens up opportunities for operators to rapidly grow and develop their business. The company offers access to advanced technologies, support in entering new markets, assistance in optimizing business processes, and tools to increase user loyalty. These benefits allow operators to strengthen their market positions and increase business profitability.
Disclaimer: the author(s) of the sponsored article(s) are solely responsible for any opinions expressed or offers made. These opinions do not necessarily reflect the official position of Daily News Hungary, and the editorial staff cannot be held responsible for their veracity.
In the digital age, PDFs have become a widely-used format for sharing documents. Whether it’s a report, a presentation, or an e-book, PDFs are often the go-to option for preserving formatting across different devices. However, you may find yourself in a situation where you need to rearrange the pages of a PDF document. Fortunately, there are several online tools that allow you to easily edit PDF pages without downloading any software. In this article, we’ll explore some of the most user-friendly methods for reorganizing your PDFs online.
Why Would You Need to Rearrange PDF Pages?
There are various scenarios where you might need to reorder PDF pages. For instance:
You’ve compiled a multi-page document and later realized the order isn’t correct.
You want to emphasize certain sections of a presentation by moving them to the front.
You’re working with scanned documents that need to be logically organized.
Regardless of the reason, learning how to rearrange PDF pages can save you time and ensure your documents are presented clearly.
Top Online Tools for Rearranging PDF Pages
Here are some of the most popular tools for editing and rearranging PDF pages online:
1. Smallpdf
Smallpdf is a simple and intuitive platform for all your PDF needs. To rearrange pages:
Upload your document.
Drag and drop the pages into the desired order.
Download the updated PDF file.
Pros:
No installation required.
Secure and easy to use.
Cons:
Limited free usage.
2. PDF2Go
PDF2Go offers a flexible online editor where you can not only reorder but also rotate and delete pages.
Upload your PDF file.
Drag pages to rearrange.
Save and download your document.
Pros:
Supports various formats.
Provides multiple editing options.
Cons:
Ads on the free version can be distracting.
3. iLovePDF
Another user-friendly option is iLovePDF. This tool allows you to move pages with ease:
Drag your file into the tool.
Click and drag pages to reorganize.
Save and export the file.
Pros:
Clean interface.
Free for basic tasks.
Cons:
Advanced features require a subscription.
How to Edit PDF Pages Online: A Step-by-Step Guide
Here’s a quick guide to get you started:
Select an online tool: Choose from any of the tools mentioned above.
Upload your PDF file: Most tools have a simple drag-and-drop interface for easy uploading.
Rearrange the pages: Drag the pages into the correct order using your mouse.
Download the new PDF: Once you’re happy with the arrangement, save and download your document.
Are Online PDF Editors Secure?
Security is a common concern when using online tools, especially when handling sensitive documents. Most reputable online PDF editors encrypt your files and delete them after a certain time period, ensuring your data stays safe. However, it’s always a good idea to review the privacy policy of any service you use.
Conclusion
Rearranging PDF pages online is now easier than ever, thanks to the wide range of tools available. Whether you choose Smallpdf, PDF2Go, or iLovePDF, these platforms offer a fast and secure way to edit PDF files without the need for specialized software. So the next time you need to reorder a document, simply hop online and get it done in minutes!
The world of tech seems to be moving faster than we can keep up, thanks to new trends that keep emerging every other day. For instance, not too long ago, fans of casino games could only gamble in physical gaming houses, but currently, you can simply 50 free spins at GG Bet and swing to action from literally any location.
As we speak, conversations about artificial intelligence (AI) and the concept of autonomous robots are all the rage. Well, many of us have experienced the former in one form or another, through the likes of ChatGPT or digital assistants like Siri, Alexa, and Gemini. But how about the latter?
Like humans, autonomous mobile robots (AMRs) can make judgments in unexpected or new situations. They then perform the appropriate actions while aiming for the best possible outcomes. It could be walking, pushing buttons, waving, changing light bulbs, or opening a tap. This technology has been advancing rapidly with unique implications across sectors. Our quick piece will take you through the applications.
A Quick Overview of Autonomous Mobile Robots
An AMR is a specialized machine that can understand its surroundings and move around without direct control from a person or sticking to a fixed path. Manufacturers equip these robotics with advanced sensors to interpret their surroundings. They can complete tasks efficiently by finding the best path and avoiding permanent obstacles like buildings and temporary ones like people or vehicles.
Most people confuse AMRs with automated guided vehicles (AGV), but the two have fundamental differences. The most notable distinction is flexibility: for example, an AGV must follow strict, predetermined routes. On the other hand, AMRs can determine the most efficient path on their own. Furthermore, AMRs can work alongside humans in tasks like picking and sorting. AGVs typically do not offer this level of collaboration.
AMRs typically handle tasks that don’t directly add value to boost efficiency and productivity. That is why workers can focus on more critical tasks that add value, such as selecting or packing orders.
How Autonomous Are Robots?
Autonomy is now crucial in any robotic system. Robots are generally categorized based on their level of independence. External operators fully control non-autonomous roboticss, while semi-autonomous ones can perform some tasks independently using AI with little assistance. On the other hand, fully independent robots can plan, adjust, and respond to their environment in real time without any external input. Still, most current systems require some human support. The degree of autonomy varies depending on the specific task, environment, and operational context.
Autonomy is particularly valuable in unpredictable situations. For instance, when a robot is deployed on the moon or another planet, it might encounter conditions where standard procedures are insufficient. Non-autonomous robotics would need to wait for external guidance. In contrast, a robot with a certain level of intelligence could analyze the situation and decide on an appropriate action on its own.
Applications of Robotics and Autonomous Systems
Here are common applications of fully independent robotics:
Logistics: Businesses that handle warehouse logistics are quickly embracing robotics and automation systems. Robots now handle tasks like selecting and sorting products and even final delivery through autonomous vehicles and drones;
E-Commerce: Independent robotics are vital in handling e-commerce tasks like moving carts and sorting items to improve efficiency;
Food and drink manufacturing: The food and beverage industry leverages autonomous robots to handle food items’ selection, packaging, and preparation. Soft robotics advancements are improving their ability to handle different types of food;
Energy and infrastructure: Companies in this sector use robotic and autonomous systems (RAS) to maintain infrastructure in challenging locations. This technology is standard in deep-sea pipelines and offshore wind farms, where it enhances worker safety and ensures better maintenance of assets;
Agriculture: Here, independent tech enables tasks like removing weeds, picking crops, and precision farming. It also lowers the need for pesticides and fertilizers, meaning there’s a significant reduction in environmental impact;
Healthcare: Cleaning robots, robotic nursing, and surgery assistance are commonplace in the healthcare sector. These tools are enabling better patient outcomes while reducing the workload of medical practitioners;
Construction: Robotics have relieved human construction workers from tedious tasks like demolition, mapping, and site surveying. Moreover, powered exoskeletons help workers lift heavy objects, making construction sites safer than ever.
Are Autonomous Robots Right for Your Business?
The answer to whether automation is suitable for your order fulfillment process largely depends on your specific business needs. A knowledgeable and reliable systems integrator can guide you toward finding the most appropriate solution. Their expertise allows them to assess your operation and offer recommendations that fit your business perfectly. Thanks to this revolutionary technology, you’ll save time and resources while lowering the risk of injury or error.
Disclaimer: the author(s) of the sponsored article(s) are solely responsible for any opinions expressed or offers made. These opinions do not necessarily reflect the official position of Daily News Hungary, and the editorial staff cannot be held responsible for their veracity.
In an overcrowded market, selecting the best proxy services to meet your needs is difficult. But in a digital networking era, it is a must for our online chores. Given the importance of need, here are the 5 greatest proxy providers in 2024, including their features, pros and cons, and pricing plans. It may help you in making decisions.
FineProxy.org: Upward-speed, Reasonable and Trustworthy
FineProxy.org is a multipurpose proxy provider at an affordable price. It is useful for browsing, accessing geo-blocking areas, and web scraping.
Key Features of FineProxy.com:
Proxy Types:FineProxy.org is designed by both shared and private data center proxies.
Wide range locations: Facilitated by up to 50 locations worldwide to its users.
Affordable pricing: Provides the most affordable plans like 1000 shared proxies that take only 50$.
Free Trial: It provides a free trial before purchasing and also ensures a money-back guarantee for 24 hours.
Easy-to-use interface: It offers the most user-friendly interface and instant activation.
Advantages and disadvantages:
Advantages
Disadvantages
A piece of cake shared proxies
Costly private proxies
All-time customer support
Speed and performance issues.
Wide range of IP protocol
Some shared proxies faced banned issues.
Pricing:
50$ for 1000 shared proxies.
5$ per private proxies.
Proxy5.net: Budget-friendly, Multi-dimensional.
Proxy5.net is well known for its versatility and wider proxy solutions.
Features of Proxy5.net
Proxy types: Planed with extensive useful proxies to its customers such as shared, private, and rotating proxies.
Vast IP addresses: It provides huge IP addresses from various locations worldwide.
Endless Traffic: Proxy5.net provides endless bandwidth with no restrictions.
API support: Serving API for easy integration to users.
Pros and Cons:
Pros
Cons
Cost-effective user-friendly interface
Slower shared proxies
Strong security
Lack of advanced features
Support for troubleshooting and setup
Sometimes IP blocking issues
ProxyElite.info: Premium and High anonymity
ProxyElite.info is famous for its premium quality and high anonymity.
Key Features
Minimal IP blocking: ProxyElite.info is best for doing web scraping and ad verification without IP blocking.
User-friendly interface: Its interface is very simple and easy to use for beginners.
High-security: It ensures high security and advanced residential proxies.
Customer support: It ensures all-time customer support.
Multiple Options: It offers location-based options globally.
Oneproxy. pro is renowned for its various types of proxy services with trustworthy security.
Features of Oneproxy. pro:
Large geo-server: OneProxy.pro provides an extensive geo-server network and supports SOCKS5 and HTTPS support.
Security: It provides high security with two-factor authentication.
Reasonable plans: It offers both individual and professional planning.
Support: 24/7 regular support to its customers.
Prevent tracking: Its rotating features work to prevent tracking.
Pros and Cons
Pros
Cons
High speed and steady network
Works slow during peak hours
Secured and reliable
Advanced features may expensive
Pricing Plan
The basic plan charged 15$ for 30 proxies monthly.
Premium plan charged 120$ for 300 proxies.
5. Proxycompass.com: Competitive prices and High uptime
Features of Proxycompass.com:
Different Proxy Options: It provides various types of proxies such as datacenter, mobile, and residential.
Extensive protocols: It supports different types of protocols like HTTP(S), SOCKS4/5, and others.
Advanced Features: Offers advanced infrastructure like IP rotation, sticky sessions, and API access.
User-friendly interface: Provides straightforward setup and simple dashboard.
Customer support: It provides reliable responses to its users during any difficulties.
Pros and Cons
Pros
Cons
Many options in proxy types
Premium plans take high charge
Satisfactory privacy and speed
Short period of free trial
Best for large business
Slightly complex interface for beginners
Pricing Plan
Starter plans take 20$ for 40 proxies.
The professional plan charged 120$ for 350 proxies.
Conclusions:
To conclude, it may be clear that different users have different preferences and choices based on their works and usage. Some purchase proxies for personal use while others buy for business or professional uses. Hopefully, if anyone goes through this article, it might help choose the perfect proxy. Here, FineProxy.com and Proxy5.net provide affordable services whereas Proxyelite is focused on privacy and reliable performance. Again, Proxy5.net is popular for its cost-effectiveness and Proxycompass is best for premium services. Finally, choosing the best proxy providers depends on your budget, scalability needs, and your desired privacy.
Disclaimer: the author(s) of the sponsored article(s) are solely responsible for any opinions expressed or offers made. These opinions do not necessarily reflect the official position of Daily News Hungary, and the editorial staff cannot be held responsible for their veracity.
The Hungarian Chamber of Commerce and Industry (MKIK) said on Monday that Hungarians won one gold and two bronze medals at the WorldSkills 2024 championships in Lyon.
Hungary has been a member of WorldSkills International since 2006 and WorldSkills Europe since 2007.
At last year’s European Championships, EuroSkills Gdansk 2023, the Hungarian team achieved a historic success. Tamás Bandúr and Zsolt Koncsik became European Champions in the IT Systems Operator Team Competition, and with the highest score achieved by Hungarian competitors, they also won the title of Best of the Nation. In all the events, the highest scores were awarded to Jos de Goey – Best in Europe.
WorldSkills Lyon 2024
There were 1,383 registered competitors at a competition of professions on September 10-15. General information about WorldSkills Lyon 2024:
71 registered member countries (69 member countries registered competitors, 2 member countries only experts)
Professional competition in 59 official disciplines + 3 demonstration disciplines
Hungarian participation in 21 disciplines with 25 competitors, 21 experts, 3 Team Leaders, 1 official delegate, 1 technical delegate, 1 technical delegate assistant
Olivér Mrakovics won gold in the web technologies category, MKIK said. Zsolt Koncsik was awarded bronze in IT network systems administration, and Kornel Stefan took bronze in IT software solutions for business. Hungarians also took home 18 medallions for excellence.
Hungary takes a gold at WorldSkills 2024. Photo: MTI
Hungary takes a gold at WorldSkills 2024. Photo: MTI
Summary of results:
Source: MKIK
Source: MKIK
At the WorldSkills General Assembly 2024, Members chose to hold the WorldSkills Competition 2028 in Aichi after a compelling bid from Japan, the official site said.
As the digital landscape evolves, organizations are recognizing the critical role that knowledge management plays in maintaining a competitive edge. Knowledge management software has become a linchpin in harnessing the collective expertise and information within a company. Companies that leverage these tools foster robust knowledge ecosystems, leading to increased innovation and efficiency. Implementing such systems can seem daunting, but the inherent benefits far outweigh the initial challenges. Keep reading to understand how adopting knowledge management tools can profoundly benefit your organization.
Understanding Knowledge Management Software and Its Growing Significance
Tech experts gather at a software company to discuss the latest trends in knowledge management software. Source: Pexels
Knowledge management software centralizes and organizes an organization’s information, making it easier to access and share valuable insights. This technology is crucial for preserving knowledge, reducing redundant efforts, and ensuring that critical information is not lost when employees leave.
By breaking down information silos and fostering collaboration, this software enhances efficiency and supports continuity within a company. Selecting the right platform that fits the organization’s culture and workflows is essential for seamless integration and maximizing its benefits.
Enhancing Efficiency and Productivity with Knowledge Management Systems
Knowledge management systems help companies save time by efficiently retrieving information and storing data in a centralized location. They facilitate better task management and project coordination, allowing team members to learn from past projects and use proven strategies.
Automation of routine tasks like data entry and information synthesis allows employees to focus on higher-order thinking and creative problem-solving, improving productivity and job satisfaction. The right knowledge management tool can serve as a catalyst for process improvement and lean management, empowering employees to optimize workflows and contribute to a culture of continuous improvement.
Boosting Innovation and Collaboration Through Organizational Knowledge Sharing
Knowledge management systems are crucial tools for fostering innovation and creativity within a company. They bridge geographical and departmental divides, allowing employees to build on each other’s ideas and spark creativity. These systems also act as incubators for collective learning, allowing team members to share insights from successes and failures, contributing to the organization’s competencies.
They prevent errors and facilitate intelligent approaches to new challenges. Collaborative features in these systems emphasize the value of teamwork, with discussion forums, real-time document editing, and knowledge bases promoting a sense of community and collective goal achievement. Cross-functional collaboration, driven by shared access to company wisdom, leads to a holistic understanding of the firm’s goals, unlocking potential in isolated teams.
Reducing Operational Costs By Streamlining Information Access
Implementing knowledge management systems can significantly reduce operational costs by eliminating redundant task execution and associated expenses. This allows employees to utilize existing resources more efficiently, leading to cost-efficient operations. Time saved in searching for information can lead to reduced labor costs, allowing employees to execute tasks more efficiently and with greater precision.
Knowledge management solutions also mitigate employee turnover risk by keeping embodied knowledge within the company’s digital memory, minimizing the impact on ongoing operations and the cost of bringing new employees up to speed. Knowledge management systems can enhance customer service by providing quick access to accurate information, leading to higher customer satisfaction and retention rates, making them an invaluable asset in competitive markets.
How Knowledge for Management Software Fosters Informed Decision-Making
Knowledge management software offers significant benefits in decision-making, providing managers and leaders with comprehensive data and insights to make better-informed decisions. This reduces uncertainty and allows for a strategic approach to business challenges. Real-time knowledge sharing is crucial in fast-paced industries, where timely decisions are crucial. Analytics tools integrated into these systems can discern patterns and trends, enabling proactive decision-making.
This empowers personnel at all levels to take ownership of their decisions, boosting confidence and driving a more dynamic and responsive organizational structure. Knowledge management software provides a consolidated view of an organization’s knowledge base, enabling swift reactions to emerging situations and opportunities.
Altogether, the integration of knowledge management software unlocks a wealth of potential within organizations. It streamlines processes, fosters innovation, reduces costs, and sharpens the decision-making prowess of the workforce. Embracing such systems is not just a wise investment in technology; it’s an investment in the collective intelligence and future success of the company.
Disclaimer: the author(s) of the sponsored article(s) are solely responsible for any opinions expressed or offers made. These opinions do not necessarily reflect the official position of Daily News Hungary, and the editorial staff cannot be held responsible for their veracity.
