# Differential cost definition

Assume a company’s production cost rises from \$20,000 to \$25,000 due to an increase in the number of hours required to finish the project. Consider a company engaged in plastic bag manufacturing that acquires an advanced machine to double its current production of plastic bags. As soon as the company puts the new machine into use, the government bans the manufacturing of plastic bags in the country and makes it a crime for any person to manufacture or sell plastic bags. The new regulation renders the machine and the produced plastic bags obsolete, and the company cannot change the government’s decision. Sunk costs refer to costs that a business has already incurred, but that cannot be eliminated by any management decision. An example is when a company purchases a machine that becomes obsolete within a short period of time, and the products produced by the machine can no longer be sold to customers.

• Opportunity costs can also be included in the differential analysis format.
• As a result, determining the costs is an important role in management decision making.
• The differential cost and/or the incremental cost of operating its equipment for the additional 10,000 machine hours was \$200,000.
• Therefore, the cost to produce the special order is \$200 per item (\$125 + \$50 + \$25) and the profit per item is \$25 (\$225 – \$200).

An opportunity cost is the benefit foregone when one alternative is selected over another. For example, if a product line is eliminated, these costs are simply allocated to the remaining product lines. Moving to television commercials and social media marketing exposes ABC Company to a larger customer base. If the company generated \$10,000 utilizing its present marketing platforms, switching to more advanced advertising platforms may result in a 40% increase in income to \$14,000. In the case of ABC Company, moving to television ads and social media marketing exposes the company to a broader customer base. If the company earned \$10,000 using the current marketing platforms, moving to the more advanced advertising platforms might result in a 40% revenue increase to \$14,000.

The variable cost of manufacture between these levels is 15 paise per unit and fixed cost Rs. 40,000. When assessing customer profitability, costs can be assigned to customers based on each customer’s use of activities. Fixed costs that cannot be traced directly to customers are allocated to customers. The format is similar to the differential analysis format used for making product line decisions. Managers use differential analysis to determine whether to keep or drop a customer.

## Types of Differential Costs

A new plant machinery known as Double TT which is using new technology is now in use to do the same 1000 kilometers at \$215. With the help of activity-based costing, costs can be assigned to activities within each category. However, management may want a more concise explanation of why profit is \$10,000 higher when all three product lines are maintained.

The cost occurs when a business faces several similar options, and a choice must be made by picking one option and dropping the other. When business executives face such situations, they must select the most viable option by comparing the costs and profits of each option. You calculate your incremental revenue by multiplying the number of smartphone units how to lock cells in excel to protect them by the selling price per smartphone unit. The alternative which shows the highest difference between the incremental revenue and the differential cost is the one considered to be the best choice. A significant advantage of using activity-based costing is having accurate data for decision-making purposes, particularly in the area of differential analysis.

Marginal costing also provides insights into the concept of breakeven analysis. Breakeven analysis helps determine the level of sales or production at which the company neither makes a profit nor incurs a loss. By understanding the breakeven point, managers can make informed decisions regarding pricing, cost control, and sales volume required to achieve desired profit levels.

• In the case of ABC Company, moving to television ads and social media marketing exposes the company to a broader customer base.
• The company controller looks up the standard cost for a green widget and finds that it costs the company \$14.
• Notice that in Figure 7.1 the columns labeled Alternative 1 and Alternative 2 show revenues, costs, and profit for each alternative.
• If the company earned \$10,000 using the current marketing platforms, moving to the more advanced advertising platforms might result in a 40% revenue increase to \$14,000.

In this case, differential analysis is used to evaluate whether Phillips Accounting should keep all customers or drop unprofitable customers. The information in Figure 7.1 confirms that Phillips Accountancy would be better off dropping the unprofitable customers (Alternative 2), because company profits would increase by \$20,000. The general rule is to select the alternative with the highest differential profit. Take a close look at Figure 7.1 before reading the description of this information that follows.

## Definition of Differential Cost and Incremental Cost

This information is particularly useful when considering decisions such as pricing, product mix, or outsourcing. Differential revenues and costs1 (also called relevant revenues and costs or incremental revenues and costs) represent the difference in revenues and costs among alternative courses of action. Analyzing this difference is called differential analysis2 (or incremental analysis). We begin with a relatively simple example to establish the format used to perform differential analysis and present more complicated examples later in the chapter.

The company pays \$125 for labor, \$50 for materials, and \$25 for variable overhead selling expenses. Incremental analysis helps companies decide whether or not to accept a special order. Incremental analysis also assists with allocating limited resources to several product lines to ensure a scarce asset is used to maximum benefit. When the two are compared, it is evident that the incremental revenue exceeds the incremental cost. So, you get a profit of \$4,000,000 by deducting the incremental cost from the incremental revenue. You calculate your incremental cost by multiplying the number of smartphone units by the production cost per smartphone unit.

However, incremental cost refers to the additional cost related to the decision to increase output. The overall cost incurred as a result of producing an additional unit of product is referred to as incremental cost. The incremental cost is computed by examining the additional expenses incurred during the manufacturing process, such as raw materials, for each additional unit of output. Understanding incremental costs can assist businesses in increasing production efficiency and profitability. Another important aspect of marginal costing is its relevance in decision-making processes. By focusing on variable costs, marginal costing helps managers evaluate the impact of changes in production or sales volume on the overall profitability of the business.

## Which costs are taken into account in the differential cost analysis?

These expenses are directly related to the increasing output or activity by one unit. A variable cost is a corporate expense that varies in relation to the amount of product or service produced or sold. Variable costs rise or fall in relation to a company’s production or sales volume, rising as production increases and falling as production drops. Since the fixed cost is being incurred regardless of the proposed sale, it is classified as a sunk cost and ignored.

Incremental costs are relevant in making short-term decisions or choosing between two alternatives, such as whether to accept a special order. If a reduced price is established for a special order, then it’s critical that the revenue received from the special order at least covers the incremental costs. Incremental cost is important because it affects product pricing decisions. If incremental cost leads to an increase in product cost per unit, a company may choose to raise product price to maintain its return on investment (ROI) and to increase profit.

Alternative A reports a net income amounting to \$750,000, while Alternative B’s net income totals \$855,000. Based purely on the available financial information, the management team should decide to take on Alternative B as a new and/or additional segment. The example below briefly illustrates the concept of incremental analysis; however, the analysis process can be more complex depending on the scenario at hand.

If a lower price is set for special order, it is vital that the income generated by the special order at least covers the incremental costs. The concept of sunk costs describes a cost that’s already been incurred and does not impact any decision made by management or between alternatives. Other terms that refer to sunk costs are sunk capital, embedded cost, or prior year cost. Differential costs are the increase or decrease in total costs that result from producing additional or fewer units or from the adoption of an alternative course of action. For example, the differential amount of \$1,000,000 for revenue indicates Alternative 1 produces \$1,000,000 more in revenue than Alternative 2. The differential amount of \$750,000 for variable costs indicates variable costs are \$750,000 higher for Alternative 1 than for Alternative 2.

## Characteristics Of Differential Cost

The differential cost of outsourcing vs. in-house production is now \$1,000 (\$12,000 – \$11,000). The company may choose to continue producing in-house to avoid this additional cost. However, let’s say the third-party manufacturer increases its price from \$10,000 to \$11,000 for 1,000 units. The total cost to outsource production would then increase to \$12,000 (\$11,000 outsourcing cost + \$1,000 fixed overhead).

As you work through this example, notice that we also use the contribution margin income statement format presented in Chapter 5 and Chapter 6. Another important aspect of differential costing is its consideration of both variable and fixed costs. Variable costs change in direct proportion to the level of activity, while fixed costs remain constant within a certain range of activity. By analyzing the differential costs, managers can assess the impact of changes in activity levels on the overall cost structure of the business.

## Differential Cost: Meaning, Features and Applications

Therefore, for these 2,000 additional units, the incremental manufacturing cost per unit of product will be an average of \$20 (\$40,000 divided by 2,000 units). The reason for the relatively small incremental cost per unit is due to the cost behavior of certain costs. For example, when the 2,000 additional units are manufactured most fixed costs will not change in total although a few fixed costs could increase. Understanding incremental costs can help a company improve its efficiency and save money.

# Is Prepaid Insurance a Non-Current Asset?

The main advantage of having equity like prepaid insurance is that it can help companies manage their cash flow more efficiently. By prepaying for insurance, companies can ensure that they have adequate insurance coverage for their operations and protect against potential losses without having to spend their cash reserves. Additionally, prepaid insurance can help companies stabilize their expenses and manage their budgets more effectively by locking in insurance rates for a specific time period.

Current assets are generally considered very liquid because they can be easily converted to cash; usually in less than 12 months. Non-current assets are long-term assets such as land which generally require over one year before they can be converted to cash. Any asset that will be used up for more than a year is known as a non-current asset.

• Global brands and the fastest growing companies run Oracle and choose BlackLine to accelerate digital transformation.
• The payment is entered on November 20 with a debit of \$2,400 to prepaid insurance and a credit of \$2,400 to cash.
• When you convert them to currency or use them within one year of the balance sheet date, cash and other assets are short-term or current assets.
• This means that the debit balance in prepaid insurance on December 31 will be \$2,000.

For example, when prepaid insurance provides benefits that positively affect the company, promoting long-term growth and profitability, it can be regarded as equity. In this context, prepaid insurance can be seen as a cash investment in the company that helps to enhance its overall financial performance. The business’s records would show four months of insurance policy as a current, prepaid asset. Prepaid insurance is also considered an asset because of its redeemable value.

Our writing and editorial staff are a team of experts holding advanced financial designations and have written for most major financial media publications. Our work has been directly cited by organizations including Entrepreneur, Business Insider, Investopedia, Forbes, CNBC, and many others. The articles and research support materials available on this site are educational and are not intended to be investment or tax advice. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Yes, prepaid insurance is a type of prepaid expense where payment is made before the insurance service is utilized. Another alternative gaining traction is usage-based or pay-per-mile insurance. This innovative approach tailors insurance premiums to actual usage, providing a more accurate reflection of individual driving habits. Insurance companies monitor factors such as mileage, driving behavior, and time of day to determine premiums. Moreover, prepaid insurance can also provide tax benefits to the buyer.

## What is the Functioning Mechanism of Prepaid Insurance?

Prepaid insurance (and how it’s accounted for in the balance sheet) isn’t something the majority of us need to worry about. However if you are using the accrual basis accounting method at your company, then prepaid insurance might come into play. Simply add it as a current asset as long as it’ll be used up within the year.

Prepaid insurance is recorded in the general ledger as a prepaid asset under current assets. A current asset is a financial resource that can be easily liquidated, or converted to cash, in a year or less. In contrast, a non-current or fixed asset, like real estate, cannot be easily liquidated in a year or less.

• Integrate with treasury systems to facilitate and streamline netting, settlement, and clearing to optimize working capital.
• Explore our schedule of upcoming webinars to find inspiration, including industry experts, strategic alliance partners, and boundary-pushing customers.
• Increase accuracy and efficiency across your account reconciliation process and produce timely and accurate financial statements.
• The business’s records would show four months of insurance policy as a current, prepaid asset.
• Guide your business with agility by standardizing processes, automating routine work, and increasing visibility.
• The most important calculation regarding prepaid insurance reflects the unexpired portion of the policy.

BlackLine’s glossary provides descriptions for industry words and phrases, answers to frequently asked questions, and links to additional resources. More than 4,200 companies of all sizes, across all industries, trust BlackLine to help them modernize their financial close, accounts receivable, and intercompany accounting processes. Timely, reliable data is critical for decision-making and reporting throughout the M&A lifecycle.

Our consulting partners help guide large enterprise and midsize organizations undergoing digital transformation by maximizing and accelerating value from BlackLine’s solutions. BlackLine partners with top global Business Process Outsourcers and equips them with solutions to better serve their clients and achieve market-leading automation, efficiencies, and risk control. By outsourcing, businesses can achieve stronger compliance, gain a deeper level of industry knowledge, and grow without unnecessary costs.

## What Calculations Are Made Concerning Prepaid Insurance?

A company spending six or seven figures a year on insurance costs will want to count that cash as an asset until it’s actually used. In theory, they could cancel the insurance early and receive a huge cash refund. Consider an individual named Alex who opts for health insurance coverage to secure their medical expenses. Alex decides to pay the annual premium upfront on July 1, amounting to \$1,800. The insurance contract specifies coverage from July 1 to June 30 of the subsequent year.

On the other hand, Premiums may be slightly higher due to variables like inflation and additional operational costs. Prepaid insurance is recognized as an asset because it represents a paid resource that has not yet been consumed or used. In the following section, we will discuss the first point of this outline, which is the definition of prepaid insurance.

## Prepaid Insurance: Definition, How It Works, Benefits, and Example

This intersection between CFO and CIO priorities is driving more unity in terms of strategy and execution. Finance and accounting expertise is not only needed to prevent ERP transformation failures, but F&A leaders oracle warehouse management user’s guide are poised to help drive project plans and outcomes. Retailers are recalibrating their strategies and investing in innovative business models to drive transformation quickly, profitably, and at scale.

When they aren’t used up or expired, these payments show up on an insurance company’s balance sheet. A prepaid expense is anexpenditurethat a business or individual pays for before using it. When someone purchases prepaid insurance, the contract generally covers a period of time in the future.

## Controlling your risks with construction liability insurance

To protect against this potential financial impact, contractors need to carry adequate construction liability insurance. Any money you spend with a prepaid card is deducted from your card balance, not your bank account. You don’t need a bank account to use prepaid cards, which is why they appeal to people who are unable to access traditional banking. Prepaid insurance is important because a business should correctly record all of its transactions and resources to have accurate financial statements. Since our founding in 2001, BlackLine has become a leading provider of cloud software that automates and controls critical accounting processes.

Similarly, the expense will reach the total of the prepaid amount at the end of that same period. In exchange, the insurance company usually offers the customer a discount on the premium price, so the business saves money on the policy. At the end of each month, an adjusting entry of \$400 will be recorded to debit Insurance Expense and credit Prepaid Insurance. Deferred revenue should be recorded as an asset and classified as a current asset if it is expected to be realized in the next 12 months.

Insurance premiums for a year or less are frequently levied in advance to businesses. So, they amortize the cost of that asset throughout the insurance policy term. Because insurance carriers want to bill insurance in advance, prepaid insurance asks for many documents. It’s considered a current asset on insurers’ balance sheets, offering benefits for payment and coverage readiness. For example, if a business had purchased six months of insurance and decided to cancel the policy after two months, it could redeem the value of the four remaining unused months of coverage.

# The 3 Best Recruiting Chatbots in 2023

How about using Trengo’s chatbot to engage with our candidates… the moment they are on our career page? Doing that allows us to give the best possible experience to candidates – once they visit our career page. As with everything in life, this whole phenomenon has its positives and negatives – depending on whom you ask.

• The trends on the global job market set new requirements for organizations’ recruitment of workforce and human resource management practices.
• At the same time, considering the perspective of a recruiter, there is little academic research on the utilization of chatbots for this particular organizational need.
• ChatGPT may also answer applicant inquiries and provide feedback on their application status in a faster and more effective manner, which can contribute to a better candidate experience.
• Automate FAQs for candidates and personalize job search experiences, globally.
• Recruiting chatbots are programmed to adhere to legal and ethical standards, particularly concerning data privacy and unbiased screening.
• What sets it apart is its ability to utilize multiple channels, including chat, SMS, social media, and QR codes, to connect with potential candidates where they are.

Furthermore, user research around e-recruitment is scarce and lagging behind industry adoption (Chapman and Gödöllei 2017; Johnson et al. 2017). The applicant perspective has been studied to some extent (McCarthy et al. 2017), for example, in relation to website usability effects on potential applicants’ intentions (Eveleth et al. 2015). At the same time, considering the perspective of a recruiter, there is little academic research on the utilization of chatbots for this particular organizational need. We identify a need to study if and how recruitment bots address real needs in recruitment and the benefits they are expected to provide.

## The benefits of using a chatbot

Unlike traditional recruiting methods, chatbots can interact with candidates in real-time, answer their questions, and provide feedback on their application status. The chatbot software is programmed to communicate with candidates in natural language, which means that it can understand a candidate’s questions and respond appropriately. The recruiters stressed that the key motivation to try recruitment bots is the general interest to increase both the quantity and quality of the applicants. To this end, attraction bots and customer service bots were expected to provide a new channel but with a distinct approach. In addition, the easy-to-approach UI was expected to provide benefits regarding accessibility. Here, we discuss how these three factors practically motivated deploying recruitment bots.

After experimenting with an attraction bot, they realized that they only need to inquire a few key details about the applicant. The recruiter can then make the decision whether to contact the applicant or not simply based on the chatbot conversation log. Attraction bots were expected to reach candidates that other e-recruitment channels and marketing cannot reach. As a light-weight way for potential applicants to be in contact with an organization, such chatbots were seen especially suitable for attracting initial applications from passive job seekers. For instance, P2’s organization had recruited an employee from a competitor with the help of an attraction bot on their career web page. Similarly, P7 consolidated that the recruitment bots can indeed attract candidates that do not realize that a certain organization could be their potential employer.

## Checklist to find the best chatbot for your team

If you manage to frustrate them before you hire them, they aren’t likely to last long. If you choose your questions smartly, you can easily weed out the applications that give HR managers headaches. So, in case the minimum required conditions are not met, you can have the bot inform the applicant that unfortunately, they are not eligible for the role right on the spot. These simple steps allow you to screen through applications efficiently focusing on candidates with the right type or years of experience and qualifications.

### 5 ways ChatGPT can help recruiters find candidates – Fast Company

5 ways ChatGPT can help recruiters find candidates.

Posted: Thu, 23 Mar 2023 07:00:00 GMT [source]

Companies need to pay attention to building smart pre-screening models to automate at least the initial screen to achieve significant savings for the HR team. You can use an HR chatbot to automate processes that normally require employee attention to make HR operations more efficient. Besides time gains, companies also see a return on investment from getting more quality applicants in their funnel.

Acquisition of new human resources typically takes place through external recruitment (Keller 2018). Common challenges in this process are settling the requirements and deciding the recruitment channels (Holm and Haahr 2019; Koivunen et al. 2019). Further, according to market research surveys, organizations’ top priorities in recruitment include acquiring candidates, engaging them during the recruitment process, and developing the employment brand (Bullhorn 2022). Recruiting chatbots may be linked to a knowledge database to allow candidates to get their most basic questions answered without the need for an employee to step in. With the right software, you can even deploy chatbots that facilitate many of the steps in the recruiting process, such as accepting candidates’ resumes and learning about their backgrounds. The adoption of VAs in talent acquisition is increasing, as organizations seek to optimize processes and improve key TA metrics, Sheth said.

It provides a platform that allows employers to conduct video interviews. It allows employers to provide ratings and feedbacks to candidates which can be used for further assessments. Users can communicate with candidates during the recruitment process through email or text.

Our sourcing chatbot lives on your website and helps reduce your bounce rate while engaging candidates whenever they are interested in looking at and applying to your jobs. Our cutting-edge natural language processing (NLP) provides a frictionless experience for your candidates, and a similarly frictionless and powerful experience for your recruiters. Our list of integration partners is, if you’ll allow us to brag, exceptional. One of the key benefits of XOR is its ability to source candidates – it can help recruiters source candidates from a variety of platforms, including social media, job boards, and company websites.

A popular approach is to integrate psychometric testing into the chatbot’s screening process for an extensive understanding of candidates. Recruiting chatbots utilize NLP, a branch of AI that enables them to understand, interpret, and generate human language. Not everyone who uses your chatbot will be on your site for job search purposes—in fact, the majority will probably be there for something else. Still, HR chatbots can capture the interest of users who aren’t necessarily job searching but who might know someone who’s a good fit for a role. Chatbots are also useful for helping you connect with passive candidates who stumble upon your website and decide to take a closer look.

In today’s fast-paced world, where technology is constantly advancing, the recruitment landscape has also undergone significant transformations. With the rise of artificial intelligence (AI), the traditional recruitment methods are now facing tough competition from AI-powered chatbots, often referred to as AI Recruiters. These innovative tools have revolutionized the way employers find and hire talent, promising faster and more efficient processes. Today, chatbots are an ally across the lifecycle of an employee – from recruiting, onboarding, during their tenure to exiting the organization. Armed with real-time insights from across the organization, your Human Resources team can now choose to invest time in employees and people rather than data collection and mundane tasks. A chatbot is a service that uses different parameters and rules that you interact with via a chat interface.

This application uses AI to ask questions, verify qualifications, and answer any questions the applicant has about the organization. It gives instant feedback on applications and resumes and helps candidates understand what’s missing and peel back layers. StepStone feels very conversational and allows applicants to share more information in a two-way interaction. Our approach was explorative and as such it provides several directions for future research. This has already been done to some extent with Juji interview bots (Xiao et al. 2019; Zhou et al. 2019) but customer service bots and attraction bots remain understudied to this end.

You can build different workflows in minutes, no need to know how to code. Dialpad is also an omnichannel platform, meaning it lets your recruiters talk to candidates (and each other) through a whole range of communication channels—all in one place. Some of the more sophisticated chatbots can deliver form-fills that collect contact information, skills and experiences, or other pre-screening questions needed to match candidates with open positions.

Extended job application forms may feel time-consuming to job candidates. Through a chatbot, candidates can provide that same information in a conversational way that feels less daunting. When recruiters and hiring managers receive the ranked candidates, they decide which people to move forward with for scheduled interviews.

By automating initial screenings and scheduling, they allow recruiters to focus on more strategic tasks. It is also advisable to include voice-enabled chatbot functionality for candidates who prefer speaking over typing. Use artificial intelligence to predict candidate success based on historical data and behavioral analysis. Recruiting chatbots are available 24/7 without fail, addressing all candidate queries that may come through. Paradox integrates with many of the leading applications and can converse in over 100 languages.

On the other hand, if the job seeker is concerned of privacy issues, they might also not like to use chatbot interface to share private information. For example, a passive job seeker might not want that information on their job seeking activities spreads beyond the target company’s recruiter. Represent your company in the best possible light with a recruiting chatbot that’s completely configurable to your company’s unique style and needs. A chatbot is a computer program that’s designed to mimic regular human conversation. They can be installed to function on a website, but they can also be used through other communication channels like SMS and social media messaging services. Empower candidates with automated self-service, qualification screening, and interview scheduling through an AI-enabled digital assistant.

• PeopleScout provides end-to-end Managed Service Provider (MSP), Total Workforce Solutions and talent advisory capabilities to support the entire workforce spectrum.
• Bots are not here to replace humans but rather be the assistants you always wanted.
• Having all their interaction history helps to get candidates to finish the process.
• This includes our recruiting chatbot, scheduled chat, QuickChat, and online events.
• The tool has grown into a no-code chatbot that can live within more platforms.

# FREE, cloud hosted Twitch chat bot

For a list of supported messages, see Supported IRC messages. While Twitch bots (such as Streamlabs) will show up in your list of channel participants, they will not be counted by Twitch as a viewer. The bot isn’t “watching” your stream, just as a viewer who has paused your stream isn’t watching and will also not be counted.

## How do you chat on live stream?

1. Events on Livestream include a live chat.
2. Click the speech bubble icon to open the chat.
3. The chat will appear to the right of the live player.
4. Most events will require you to be logged in to a Livestream account.
5. Enter your name, then click Join.
6. You can now chat on the event.

In addition to spam filters and chat moderation, Moobot also supports song requests, competitions, notifications, and custom messages. Without requesting Twitch-specific IRC capabilities, your bot is limited to sending and receiving PRIVMSG messages. Requesting the membership capability allows your bot to receive JOIN and PART messages when users join and leave the chat room. Or, if your bot requests command capabilities, your bot can send PRIVMSG messages that contain Twitch chat commands like /ban and /uniquechat. When you use Twitch commands, the server may send your bot NOTICE messages or Twitch-specific messages like CLEARCHAT to let you know whether the command succeeded.

## Twitch-Chat-Bot

Similar in features, these offer the best chat moderation that new streamers are looking for. Viewers can ask Moobot to respond with custom chat commands. Uptime”, a command that the bot will reply to, informing users how long the streamer has been live.

### Comcast and Xfinity Lose Customers – Thanks to Cord-Cutters and … – Slashdot

Comcast and Xfinity Lose Customers – Thanks to Cord-Cutters and ….

Posted: Sun, 29 Oct 2023 15:34:00 GMT [source]

Most chatbots offer similar features at this point, which means you can happily use any of them. Choose one that is relatively easy to use and that gives you the features that work best with your community. Besides the usual chat moderation, Botisimo can display advanced analytics to show users how their stream is performing on any given day.

## Twitch Chatbot: Top 10 Chatbots to Make Your Twitch Stream Brilliant

Deepbot may also be used for song requests, entertaining games, and streamer chat, among other things. A free donation service, there are no hidden costs or charges in Deepbot. This bot also allows you to reward your viewer by giving them points for hanging out on your stream.

The all-in-one solution for an optimal streaming experience. API keys are meant to be used server-side, and should never be exposed to the public in JavaScript. If you are using a client-side library, make sure you are not exposing your API key to the public by proxying requests through your own server. Every content creator can use the OWN3D Pro chatbot for free. The chatbot supports you if you ever have an unwanted bot or troll in your Twitch chat. I personally love ScorpBot and have since changed to using it for my daily streaming needs.

An actively developed open source interactive Twitch Bot, Phantombot is supported by a vibrant community. This Java powered Twitch Chatbot has a lot of modern features. It provides entertainment and moderation for any streaming channel. It allows you to focus on developing your stream, your game and your viewers. It is highly customizable with customizable language settings and configurable language system.

### Internet Access In Gaza Partially Restored After Blackout – Slashdot

Internet Access In Gaza Partially Restored After Blackout.

Posted: Mon, 30 Oct 2023 22:00:00 GMT [source]

I tend to do this most of the times because it makes so much easier to analyze any stack trace that comes my way when using the applications I create. A collection of scripts used to find highlights in Twitch streams according to specific words and emotes posted in chat. Typically to get a chatbot on Twitch, you will need to log in to the Chatbot site using your Twitch account.

## Twitch-VVS1321

Unlike its competitors, this chatbot can link with the Streamlabs Merch Store, allowing streamers to do live giveaways of their stuff from within the chatbot. Deepbot is an entirely free contribution service with no hidden fees or levies. You can also use this bot to thank your viewers by awarding them points for watching your stream. Everything is possible with the complex instructions provided by this bot. It allows you to create custom commands, making any notion a reality. All of the data in this bot is cloud-based, and it can be used to run raffles and giveaways.

By using the right bots, you can enhance the viewer experience and create a more enjoyable and interactive stream for your audience. They are an essential tool for any Twitch streamer who wants to build a community and create an engaging channel. The top Twitch chatbots are known, manage all your chats and entertain your viewers with ease. But that’s all because you can choose overlays, alerts, commands, and several other custom features. A stream chatbot is a tool that streamers use to moderate their chats. They can operate as a moderator and censor swear word, racial slurs, and other terms you wish to avoid in your chat.

While most people show common sense, it is good to set guidelines so that people know you are serious. Chatbots are one of several Twitch applications that can improve your stream. Alternatively, you can set up Twitch channel rewards where your viewers can remind you to stay hydrated by spending their loyalty points. Many Twitch users take this role seriously and have a lot of fun with it. When you first begin to stream on Twitch, it may seem easy to moderate the few viewers who come to your chat.

Initially, when streaming on Twitch, you are most likely to have a small number of followers and find it easy to moderate the viewers who come to your chat. However, when your followers increase, things can get pretty berserk. Twitch sends the following Twitch-specific messages to your bot if you request the commands and membership capability. The messages your bot sends and receives depends on what your bot does and the Twitch-specific IRC capabilities it requests. If your bot simply sends out get up and move reminders at specific intervals, your bot can mostly ignore all other messages from the server.

## Customer reviews

With a Twitch Bot, it is possible to manage and moderate a chat between thousands of participants. These bots help with chat moderation and also offer several customized commands any user can access. It is every user’s best companion against trolls and efficiently performs moderation functions in a less amount of time.

• The Moobot dashboard boasts a clean user interface and makes it very easy to find specific settings for different features.
• Certainly a cool way to increase connection with the viewers while staying healthy.
• You can schedule replies, filter chats, add spam, and set custom alerts and commands at ease.
• When you first begin to stream on Twitch, it may seem easy to moderate the few viewers who come to your chat.

The bot works on YouTube as well as Twitch and can work as a chatbot plus be used for video encoding. Moobot can be customized as desired to perform functions you wish. The Moobot is somewhat similar to Nightbot with a few different features.

## How do I start streaming just chat?

1. Literally, Just Chat. Okay, so maybe you'll need a topic to liven things up a bit, but it's a good idea to live out the category and just sit there, talking to your chat.
2. Browse the Internet.
3. React to Videos.
4. Do Something Skillful.
5. Get Fit While Streaming.
6. Start a Talk Show.

# 10 лучших брокеров для торговли фьючерсами 2023 по отзывам Brokers best

Брокер помогает частным и корпоративным клиентам выгодно вложить деньги в тот или иной ценный актив, который у будущем увеличится в цене и, тем самым, принесет вкладчику прибыль. За свою работу брокер получает берет комиссию, которая https://fxdu.net/ и составляет его заработок. Что касается информации, предоставленной в рейтинговых таблицах, она имеет ознакомительный характер. Подробности можно узнать уже практическим путем, перейдя на официальный сайт компании-брокера.

• Компания стала обладательницей ряда международных наград.
• Это должна быть авторитетная площадка, которая имеет хорошую репутацию.
• Хороший брокер помогает не тратить лишнее время и деньги, грамотно составить инвесторский портфель и корректировать его в зависимости от ситуации на рынке.

Анонимные комментарии на тематических форумах сложно здраво оценить трейдерам-новичкам. Практика показывает, что это могут быть и специально накрученные отзывы, и даже черный пиар. При возникновении проблем за пояснениями нужно обращаться в службу поддержки. Трейдер-новичок может легко запутаться в деталях проведения торгов. Но доброжелательные операторы, подробно отвечающие на все вопросы, характеризуют брокера с положительной стороны. Операторы всегда готовы предоставить трейдерам подробную консультацию по любому вопросу.

## Как сделать выбор по стилю торговли

Таким образом, положительный исход зависит от того, насколько успешным был поиск брокера. Instant Execution – сделка откроется\закроется по конкретной цене. При этом если за время подачи запроса на биржу цена изменится в негативную сторону и станет невыгодной вам\брокеру, то брокер вернет отказ в исполнении сделки. Это более быстрый вариант выставления ордеров и их исполнения, при этом не требующий слежения за отменами сделок.

• Он предлагает и новичкам, и профессионалам библиотеку уже готовых торговых стратегий и инструментария, множество электронных книг и так далее.
• Трейдеры-профи мгновенно распознают абсурдность комментариев и напишут собственное мнение.
• Компания была основана в 2016 году и завоевала большую популярность среди трейдеров.
• Предпочтение стоит отдавать Форекс брокерам, которым хотя бы около десяти лет.
• Крупные брокеры работают с серьезными регуляторами, такими как US, UK, MiFID, а не в офшорных зонах.

Число постоянных клиентов стандартно является показателем, прямо пропорциональным степени доверия брокеру Форекс. Лучшим отечественным компаниям-брокерам нет никакой нужды в проведении вспомогательных рекламных кампаний. Ведь успешные сделки самостоятельно обеспечивают поток пользователей. Цель этого рейтинга – предоставить будущим и профессиональным трейдерам максимум информации о лучших форекс брокерах и проанализировать их достоинства и недостатки. Индексы описывающие усредненную (по специальной формуле) суммарную стоимость акций топовых компаний конкретной страны.

Она, несмотря на свою давность, была и остается наиболее востребованной программой для трейдинга на Форексе. У отдельных компаний в открытом доступе сетевые терминалы и мобильные приложения – это несомненный плюс для тех трейдеров, которые не имеют возможности часто сидеть за компьютером. Компания уделяет ключевое внимание безопасности личной информации клиентов, а также сохранности их финансовых средств. Потому все деньги клиентов хранятся на счетах в банках в отдельности от личных финансов компании. Это надежные брокер Форекс, который четко соблюдает все требования, потому на сайте активна компенсационная схема, что можно назвать еще одним гарантом безопасности. Может случиться, что у будущего пользователя нет ни достаточного количества времени, ни сильного желания собственными силами выполнять анализ деятельности форекс брокеров.

## Позиции на рынке

Но некоторые трейдеры не придают данному факту большого значения. Еще в самых истоках компания XM демонстрировала себя в качестве надежного посредника на международном валютном рынке. С течением времени она стала одним из наиболее крупных операторов Форекса. На сегодняшний день это брокер с мировым именем, ведь он ведет сотрудничество с 3,5 миллионов трейдеров более чем из двухсот стран. Выбор подходящего Форекс брокера не только для трейдера-новичка, но и для профессионала в этой области является делом весьма ответственным. Ведь заключение любых сделок на современном рынке Forex происходит при поддержке посредника.

## Выбор инструментов

MAM – менеджер торгует вашими средствами сразу с нескольких ваших счетов. В составлении этого топа мы ориентировались на фактическую информацию о брокере (количество активных клиентов, объем клиентских операций), а также на пользовательский рейтинг и отзывы. Ни для кого не секрет, что успех инвестиций на бирже во многом зависит от брокерской компании, с которой вы работаете. Хороший брокер помогает не тратить лишнее время и деньги, грамотно составить инвесторский портфель и корректировать его в зависимости от ситуации на рынке. Более того, брокер должен соответствовать субъективным критериям, чтобы как минимум с ним было приятно работать.

В первом случае пополнение должно быть не меньше 250 долл., а во втором – не меньше 500. Счета доступны не только в долларах, но также в евро и фунтах. Что касается торговли, этот Форекс брокер предлагает комфортную и интуитивно понятную платформу для работы. Это первая компания, которая смогла создать торговый терминал с искусственным интеллектом в основе, а также персонализированными торговыми идеями.

## Рейтинг ТОП-10 надежных брокеров

Торговые советники – автоматическая торговля, используя сигналы для начала сделки.Copy-трейдинг – автоматическое копирование сделок успешных трейдеров. Перед выбором фьючерсного брокера рекомендуется сравнить комиссии, условия, торговые платформы и поддержку, предлагаемые различными фьючерсными брокерами. Перед тем, как выбрать брокера, определитесь с основным инструментом, поскольку у разных брокеров в арсенале имеются разные инструменты. Также некоторые брокеры могут взимать повышенные комиссии, если счет меньше определенной суммы. Лицензируемый и регулируемый брокер — залог душевного покоя.

Компания была основана в 2016 году и завоевала большую популярность среди трейдеров. Брокер имеет безупречную репутацию и демонстрирует высокие стандарты качества. В распоряжении пользователей оказываются эффективные инструменты. В дополнение компания готова предложить своим клиентам весьма выгодную партнерскую программу.

Решить проблемы, в случае их возникновения, действительно будет нетрудно. Ведь техническая поддержка Форекс брокера ведет работу круглосуточно и без выходных, при этом есть русскоговорящие операторы. Валюту можно конкретизировать зависимо от местонахождения трейдера.

Пользователи могут приглашать своих друзей для сотрудничества и зарабатывать на этом вспомогательные суммы для себя. В частности, брокером обещана прибыль до 250 долл.США за три месяца. Это с большой вероятностью означает, что брокер играет по установленным регулятором правилам и соответствует его требованиям. Также при выборе брокера обращайте внимание на юрисдикцию, в которой он работает. Наличие авторитетного регулятора если не полностью застрахует от рисков, то хотя бы уменьшит их. Крупные брокеры работают с серьезными регуляторами, такими как US, UK, MiFID, а не в офшорных зонах.

Если же говорить о филиалах (то есть, представительствах в других странах), их численность и локализация могут многое сказать о планах брокера. При выборе компании такого рода желательно выяснить, где находится ее центральный офис. Если он расположен в столице, это обещает больше надежности, чем региональное размещение. Так, например, еще с 2016 года форекс брокеры в России контролируются Центральным банком и аккредитованными саморегулируемыми организациями, в соответствии с законом о дилерах. Данная государственная организация взяла на себя защиту интересов стороны – рассматривает претензии и разбирается в сути конфликтов.

# Create Your First Intelligent Chatbot Using Python

Chatbots can help in many practical cases and drastically reduce management costs. There are many examples that have become well-known successful use cases. For example, retailer H&M uses them to guide users through their purchase process on their website.

The helper chatbot interprets what the user is saying and performs the task for the user. The intelligent chatbot could help the user buy products, seek information about cars, or even book a hotel room. A collector chatbot becomes intelligent when it responds by collecting information from the user and presenting it in the most appropriate way to serve the user’s purpose. A transformer bot has more potential for self-development than a bot using logic adapters. Transformers are also more flexible, as you can test different models with various datasets.

## Conversational AI Events

The e-commerce sector is a primary market driver for AI chatbot usage and will benefit from the engagement and personalized shopping experience the technology brings. Meanwhile, Precedence Research predicted that AI chatbots would boost growth in the healthcare sector by enabling privacy protection for patients seeking online consultations. You can use the collected information and statistical data to refine answers and conversational flows to make your chatbot even more useful for customers. You need to find a company that knows how to make an AI chatbot and has previous relevant experience. The below action plan will help you make the right choice and choose the best chatbot development company that will be able to create a highly customized solution for you.

For response generation to user inputs, these chatbots use a pre-designated set of rules. This means that these chatbots instead utilize a tree-like flow which is pre-defined to get to the problem resolution. Among chatbot types, rule-based ones are the simplest to construct. They address user queries with pre-set responses aligned with the questions.

## Key Considerations Before Constructing an AI Chatbot

Chatbots greet website visitors, assist them in navigating the site, and provide quick, straightforward responses to any questions they may have regarding the goods and services. The agent must make a decision based on all the knowledge acquired and lessons learned as the final stage of the cycle’s think phase. This is choosing what an intelligent chatbot should say next in the instance of an online chatbot. Each agent advances towards its objective through cycles of sense-think-act. Sensing the environment it lives in in order to gather the knowledge it needs to carry out a task is the first phase of this cycle. An intelligent chatbot only needs to listen to the sentences you input for it to function.

Some users may need help navigating, searching, or shopping in a digital store. An intelligent chatbot helps to ease the user’s mind and take them through a series of easy steps. This way, you increase customer retention, satisfaction, and loyalty. The development of a chatbot is not a simple process that requires the understanding of modern technologies and how to align them with business requirements. Before you launch the chatbot, you might want to test it with a few users to see how they’ll interact with it and how it will meet their intent.

In customer engagement, real-time contextual understanding is essential to deliver meaningful conversations. To have a good understanding of context, a chatbot needs to analyze inputs like time, day, date, conversation history, tone, sentence structure, intent, identity, etc. These inputs are then fed to empower chatbots to comprehend the context in the conversation. One such bottleneck that is toning down the employee’s trust might be chatbots IQ.

As the topic suggests we are here to help you have a conversation with your AI today. To have a conversation with your AI, you need a few which can help you build an AI chatbot system. In this article, we will guide you to combine speech recognition processes with an artificial intelligence algorithm.

## Looking for events focused on Conversational AI, Gen AI, chatbots, and voice assistants?

Improve Lead Engagement – Subsequently, qualified leads will be engaged based on your bot’s scenario. As you can see, both greedy search and beam search are not that good for response generation. LSTM networks are better at processing sentences than RNNs thanks to the use of keep/delete/update gates.

• The best way to improve it is to monitor its conversations with users.
• Individual consumers and businesses both are increasingly employing chatbots today, making life convenient with their 24/7 availability.

The chatbot market is anticipated to grow at a CAGR of 23.5% reaching USD 10.5 billion by end of 2026. One of the big decisions we did was replacing a Dialogflow architecture with a custom rule-based conversational structure. That helped us to rule out many bugs and unnecessary complications. I’m sure that as an entrepreneur, you understand that the point of AI in bot technology is not to pass the Turing test. It’s all about serving people with niche requests, helping them as much as possible without human intervention.

## Introduction to Chatbots

Therefore, we created a button with the option “Other” and connected it to an open-end question block to find out what that other meant. A neural chatbot using sequence to sequence model with attentional decoder. Also, if you are interested in learning how to use ChatGPT, here’s what happened when I asked it to create a \$1000 application and this is how to code a Python app using ChatGPT. Chatbots play an important role in cost reduction, resource optimization and service automation. It’s vital to understand your organization’s needs and evaluate your options to ensure you select the AI solution that will help you achieve your goals and realize the greatest benefit.

# Contra Liability Account: What it is, How it Works, Example

If contra assets appear in the credit column, record contra liabilities on side. A contra account is a general ledger account that offsets the balance of a corresponding account with which it’s paired. If you debit the contra account, ensure that you offset the related account with a credit balance.

• Contra Liability a/c is not used as frequently as contra asset accounts.
• Such allowance for doubtful accounts offsets a company’s accounts receivable account.
• The accumulated depreciation amount shows how much depreciation expense has been charged against an asset.
• Taken together, the asset account and contra asset account reveal the net amount of fixed assets still remaining.
• The granter may offer the company a discount if it repays the note early.
• If there’s an increase to allowance for uncollectible accounts, you record the same amount in the bad debt expense of your income statement.

The reason you show a contra asset on a balance sheet is so you can see the overall net balance of a particular asset and to give investors a more accurate look into your company’s financial activity. The balance in the allowance for doubtful accounts is used to find out the dollar value of the current accounts receivable balance that is deemed uncollectible. The balance sheet shows the amount in the asset section underneath the accounts receivable. The net value of both these figures is usually reported on a third line. These examples illustrate how contra accounts are used in various contexts to provide a more accurate picture of a company’s financial position and performance. Overall, while maintaining contra accounts may require additional effort, the benefits they offer in terms of financial transparency and accountability make them an essential tool in accounting.

Sales returns, sales allowance and sale discounts are different examples of contra revenue accounts. Contra accounts such as these have a debit balance and are deducted from the total amount of a company’s revenue. The first time a contra asset account is recorded in a journal entry, it is to be deducted from the expense.

## Example of a Contra Liability Account

It is not classified as a liability since it does not represent a future obligation. A liability that is recorded as a debit balance is used to decrease the balance of a liability. The contra revenue accounts commonly include sales returns, sales allowance and sale discounts.

The accumulated depreciation account has a credit balance and is used to reduce the carrying value of the equipment. The balance sheet would report equipment at its historical cost and then subtract the accumulated depreciation. The most common contra account is the accumulated depreciation account, which offsets the fixed asset account. Taken together, the asset account and contra asset account reveal the net amount of fixed assets still remaining.

• For example, if the balance of accumulated depreciation increases from \$20,000 to \$50,000, this means that the depreciation expense amounts to \$30,000, which will be listed in the income statement.
• An estimate of bad debts is made to ensure the balance in the Accounts Receivable account represents the real value of the account.
• The balance in the allowance for doubtful accounts represents the dollar amount of the current accounts receivable balance that is expected to be uncollectible.
• The offset to the Depreciation Expense account is Accumulated Depreciation.

In other words, the contra liability account is used to adjust the book value of an asset or liability. Any entry made to contra accounts is presented on a company’s balance sheet under the paired account. You may use accounting software packages, such as QuickBooks Online to set up contra accounts. Simply hit Control + N under the Chart of statement of owner’s equity Accounts or Edit, then click New (to create a new account). For example, when a line item on your balance sheet presents the balance of accounts receivable, report the value of allowance of uncollectible accounts below the accounts receivable line. Be sure to enter the contra account on the opposite column of the account they’re offsetting.

## How are Contra Accounts Used and Reported?

If there’s an increase to allowance for uncollectible accounts, you record the same amount in the bad debt expense of your income statement. Similarly, accumulated depreciation accounts reduce the value of the fixed assets you report on your financial statements. Contra revenue is a general ledger account with a debit balance that reduces the normal credit balance of a standard revenue account to present the net value of sales generated by a business on its income statement. Examples of revenue contra accounts are Sales Discounts, Returns and Allowances. Contra Liability Account – A contra liability account is a liability that carries a debit balance and decreases other liabilities on the balance sheet.

## What is a Contra Account? Definition

A contra expense account is an account used to reduce the amount of an expense without changing the balance in the main expense account. Examples of contra expense accounts include Purchase Returns, Purchase Discounts, and Advertising Reimbursements. Contra accounts act like regular accounts on the balance sheet but have a unique purpose. For the purpose of financial statement reporting, the amount on a contra account is subtracted from its parent account gross balance to present the net balance. A contra account is an entry on the general ledger with a balance contrary to the normal balance for that categorization (i.e. asset, liability, or equity).

## How to Calculate Straight Line Depreciation

Key examples of contra asset accounts include allowance for doubtful accounts and accumulated depreciation. Accumulated depreciation reflects the reduction in value of a fixed asset. A contra asset is paired with an asset account to reduce the value of the account without changing the historical value of the asset. Examples of contra assets include Accumulated Depreciation and Allowance for Doubtful Accounts. Unlike an asset which has a normal debit balance, a contra asset has a normal credit balance because it works opposite of the main account.

Maybe more importantly, it shows investors and creditors what percentage of receivables the company is writing off. Contra Asset Account – A contra asset account is an asset that carries a credit balance and is used to decrease the balance of another asset on the balance. A contra liability account is paired with another liability account, and is used to reduce the balance in that account. In essence, the paired liability account contains a credit balance that signifies the presence of an obligation, while the contra account reduces the amount of that liability with a debit balance. A contra account may also have a zero balance, if no offset against a related liability account is currently needed.

Contra accounts allow you to show the amounts that offset a paired related account. As a small business owner, understanding how to set up contra accounts enables you to prepare and maintain accurate financial records. Each of these contra accounts serves to provide more detailed information about the transaction history of the related main account. By tracking contra accounts, a company can make more informed decisions about asset management, liability settlement, and overall financial planning. An important function of contra accounts is to preserve the historical value in the main account while presenting a reduction in the net value.

Put simply, contra accounts are used to reduce the normal accounts on the balance sheet. If the related account has a debit as the natural balance, then the contra account will record a credit. In the books, the account of the asset would have a debit value of \$100,000, and the contra asset account would have a credit value of \$30,000.

# Book Review Total Money Makeover by Dave Ramsey

As we go deeper into Dave Ramsey’s Total Money Makeover, you’ll discover not just the ‘what‘ but the ‘how‘ of achieving a debt-free life and financial stability. Whether it’s through our detailed book review or the in-depth summary, you’re about to embark on a journey that could redefine total money makeover review your financial future. For a more detailed explanation of the Baby Steps, we recommend reading The Total Money Makeover. I strongly feel that anyone interested in bettering their financial situation should read this book. It does a wonderful job of dispelling common debt and money myths.

The major con of The Total Money Makeover steps is that not everyone is able to completely avoid using credit and loans. Dave Ramsey may believe in using only cash to pay for things but there are advantages to using credit cards and loans. When used responsibly, using credit can help boost your credit score and get you the things you need to have a comfortable life rather than waiting years to save enough. At this point in the Dave Ramsey 7-step plan, it’s time to take care of the final debt repayment—the home mortgage. Paying off the home mortgage is easier too because you already paid off all your other debts in the previous steps. After getting set up with your emergency money and getting rid of almost all your debt, it’s time to focus on an important aspect of finance—retirement funds.

• I paid as much as I could afford each month on that debt.
• Some credit cards come with special points that can go toward paying for things like groceries and traveling.
• Once you have a handle on your spending, you can start to make changes that will help you save money.
• He will save you having to reinvent the wheel and work things out for yourself.
• I recommend this book to anyone who wants to get their finances in order.

The Total Money Makeover also reveals most adults’ desire to keep up with the Joneses. Many of us get into debt because we want to fit in to our friends and neighbors. In fact, your “wealthy” friends and neighbors are most likely in as poor financial shape as you are – they are saddled with tons of debts but they put up a good front. Reading the testimonials in The Total Money Makeover, they might remind you of a late-night infomercial. “After years of making only \$48,000 a year, with hard work we paid off \$78,000 of debt in twelve months.” Yeah, right. Said that he could easily write one of those testimonials himself.

He saves investing for last, once good habits have been established. It’s true that you’ll give up a few years of compound returns in your retirement accounts, but that’s okay in the long run, he says. By following the first three steps, you will have developed smart money habits and a strong saving ethic, so it won’t take much effort to catch up. Dave condenses his 20 years of financial teaching and counseling into 7 organized, easy-to-follow steps that will lead you out of debt and into a Total Money Makeover. Plus, you’ll read over 50 real-life stories from people just like you who have followed these principles and are now winning with their money. It is a plan designed for everyone, regardless of income or age.

To land credibility to his “no-debt agenda” he says that most wealthy people stay away from debt and some of the best companies are completely debt-free. This little exercise can be very helpful for many personalities that tend to spend easily and sign up for random services.It can provide a good overview to quickly reduce their expenses. The biggest debt is often the mortgage, and that’s what you should aim to pay off ASAP. Thus, he argues, going into debt for college might not be worth it. Ramsey says that for a comfortable retirement, you need to invest 15% of your income. The first step then is to set aside \$1.000 for emergency situations.

## Step 1: Save \$1,000 Cash as a Starter Emergency Fund

The Total Money Makeover lays out each step for you so that you can take action! It is practical and meant for any person to read and follow. If contributing meant that there was only \$50 left to put on debt each month, I would reconsider because it would be keeping us from making big progress. He eloquently tackles many mental barriers and misconceptions many of us have about money and works to not only change your behavior with money but your perspective about money as well. The Total Money Makeover teaches a lot of important lessons on planning and prioritizing.

And if a scare tactic gets the job done, I’ll still consider it a win. He openly discusses it and acknowledges that it influences his personal beliefs. And throughout the book, he makes biblical references on the topic of money and finance.

## The Top 12 Best Investing Books for Beginners in 2024

Along with actionable advice, there are plenty of worksheets to help you figure out your own situation. You can write out your debt snowball, estimate college savings, and start your budget with the worksheet included in the book. You can’t talk about personal finance without mentioning Dave Ramsey, right? He’s got a whole empire dedicated to helping people get out of debt. The Total Money Makeover is his book that walks you through his entire seven-step process (a.k.a. the baby steps).

I don’t want any of that to make it seem like I think The Total Money Makeover is a bad book, it isn’t. This book is a great introduction to Dave’s methods which makes it great for anyone just starting out on their journey to become debt-free. But, for someone like me who has been listening to Dave for a long time, there isn’t really anything new.

## Invest in Retirement

Of course, with Dave Ramsey being a New York best seller and the host to his extremely popular Dave Ramsey’s show, we can be sure that his philosophies has its own appeals. He’s a strong advocate of the “no debts” perspective, and this idea is presented consistent throughout the whole book. Also, Ramsey writes that “separate checking accounts mean one of two things, either ignorance or problems”. “Couples should choose a method that works for them, whether that’s joint or separate accounts. Don’t believe there’s only one way to manage household finances,” he said. This is a must-read book for anyone whose looking for a little basic financial information and a whole lot of courage to finally put away the ostrich suit.

## Baby Step Four: Invest 15% of Your Income in Retirement

While the steps themselves are simple to understand, I need to point out that the action required within some steps is not simple. The first few chapters (as I mentioned) are about making you aware of your responsibility over your finances. If you do not (or cannot) accept this or think your situation is the result of someone else, you likely won’t gain much from this book.

## Bookshelves

There are not much number crunching that you need to do, and it gets the message across clearly. If you are someone who can use some basic personal finance advice, I strongly recommend that you read this book. The book is written as a motivational and detailed self-help book, so someone who needs a push and a detailed guide to take charge of their finances will definitely find it useful. Depending on whether you are a delinquent on your debts, Dave says you must get your accounts current before you do anything else to improve your finances. Debts are the number 1 factor that prevents you from building wealth.

It teaches you how to prepare for your unknown future and trust that when things do come up, you’ll be able to handle them. ” Like with the three little pigs, make sure your house is the one that holds up. Ramsey makes another good point about refinancing; you are only a good candidate for refinancing if you plan to stay in your home longer than the number of months to break even. The two who quickly built their houses wasted time partying and playing and constantly made fun of the bricklayer because he took too much time and effort to do it right. My review of Total Money Makeover comes as someone who did not follow the Baby Steps system directly.

If you were paying \$500 each month toward debt, now throw that money into a high-yield savings account. The practical application of Total Money Makeover principles by readers worldwide has led to numerous real-life financial examples of success. These success narratives offer a glimpse into the transformative power of Ramsey’s advice when applied diligently. From individuals overcoming massive debt to families achieving their dream of financial independence, these stories are a testament to the effectiveness of Ramsey’s strategies.

# Puppet-purchase Bot Automate purchase Programs, Apps and Websites

Bots-as-a-service can be beneficial for businesses, but they also come with vulnerabilities. These bots can be used maliciously to steal personal information and stored payment methods, leading to various types of fraud. Additionally, website forms are often targeted by bot attacks due to known security weaknesses in JavaScript. It is important for businesses to be aware of these risks and take necessary measures to secure their systems and protect customer data. The rise of Bot-as-a-Service (BaaS) platforms has made it simpler for threat actors to conduct sophisticated and far-reaching bot attacks. BaaS eliminates the need for attackers to create and oversee bots from scratch, which lowers the entry barriers for launching these attacks.

When it comes to AI chatbots, it’s incredibly important to understand the kind of pricing model that will provide the best ROI for your team. AI chatbots are being priced in lots of different ways, but these models essentially boil down to two pricing philosophies. Simple “Yes / No” questions can be asked or questions with multiple selections all leading down different branches of the tree. This allows Shopify stores to guide their shoppers through a controlled journey.

Online shopping bots let bot operators hog massive amounts of product with no inconvenience—they just sit at their computer screen and let the grinch bots do their dirty work. As streetwear and sneaker interest exploded, sneaker bots became the first major retail bots. Unfortunately, they’ve only grown more sophisticated with each year. Yotpo gives your brand the ability to offer superior SMS experiences targeting mobile shoppers.

The shopper journey should not be complicated and should have a smaller number of branches in the decision tree. Shoppers are also unable to search for products by typing in the product name or description. They can only find products by clicking through the branching tree to finally reach an endpoint that has a product recommendation.

## Improves Conversion Rates

Also, choose a sales bot compatible with your existing tools and systems. Think about the type of chatbot you want and the functionalities you’ll need. Bots in sales can automate repetitive processes like appointment scheduling and order processing, giving staff members more time to concentrate on more complex duties. This might boost production and efficiency inside the company, resulting in more earnings and happier clients. These tools gather data on prospects to identify which leads are most likely to become paying clients. Sales intelligence bots can look for trends and preferences in consumer behavior by examining activities on websites, social media, and email correspondence.

Their team has developed apps in all different industries with all types of social proofs. We’ve had very little-to-no hiccups at all—it’s been a really pleasurable experience. Mindbowser helped us build an awesome iOS app to bring balance to people’s lives. It is pretty rare to see this kind of clean security report so early in the company’s journey.

## Reasons Your Brand Needs an Instagram Chatbot in 2022

Consider collaborating with a group of copywriters and UX designers to create an exciting and efficient flow for this. Conversely, you could want a platform with powerful analytics capabilities if you’re developing a chatbot for lead generation. Considering these considerations, you can select the ideal platform for your chatbot project. Identifying your goals and objectives is the first step in incorporating sales bots into your strategy. Doing so will assist you in deciding the sort of bot you want and the duties it should carry out.

### Cruise Suspends All Driverless Operations Nationwide – Slashdot

Cruise Suspends All Driverless Operations Nationwide.

Posted: Sat, 28 Oct 2023 22:34:00 GMT [source]

Shopify Messenger also functions as an efficient sales channel, integrating with the merchant’s current backend. The messenger extracts the required data in product details such as descriptions, images, specifications, etc. The Shopify Messenger bot has been developed to make merchants’ lives easier by helping the shoppers who cruise the merchant sites for their desired products. The Kompose bot builder lets you get your bot up and running in under 5 minutes without any code.

## The AI bot buyer’s guide: How to find the right AI chatbot for your support needs

The Abandoned Cart feature recovers abandoned carts by remembering shoppers from a previous session and presenting the items they had in their cart. When they return to the site they prompt the shopper to complete the checkout. If your computer is already infected by bots, the most important consideration is protecting your data. Bots that collect knowledge for users by automatically visiting websites to retrieve information which fulfils certain criteria. “The team at bot•hello were able to take our brand to a level that we have been longing to achieve, and they executed it perfectly.”

• Hello GitHub, I would like to share my method of creating a aggressive Bestbuy Bot in Python.
• The sneaker resale market is now so large, that StockX, a sneaker resale and verification platform, is valued at \$4 billion.
• This will determine which service or product is best for the customer.
• As social networks become more sophisticated, it is becoming harder for social bots to create fake accounts.
• We had very close go live timeline and MindBowser team got us live a month before.
• Bots that are used to automatically download software or mobile apps.

BaaS allows organizations to automate repetitive tasks and streamline their operations by utilizing pre-built bots that can perform a variety of functions. Review and evaluate your sales bot data and suggestions to find improvement areas. Doing so will assist you in enhancing its operation by allowing you to improve the conversational flow, fix any problems, and make the appropriate improvements. By incorporating your sales bot into your various customer touchpoints, you can provide a more tailored and exciting experience for your customers, boosting your sales and overall satisfaction. Connecting your sales bot with your website and other customer touchpoints is essential in ensuring your clients have a consistent experience when engaging with your company.

Various marketing companies use marketing bots to track ads, monitor customer reviews, inspect trending keywords, and more. These bots allow businesses to handle large volumes of data without involving more human power and automate repetitive tasks. The good bots can help to improve user experience and automate repetitive tasks. The malicious bots, created by hackers, can deliver malware, steal sensitive information, or add an infected computer to a botnet. Bots can perform repetitive tasks much faster than humans, and because of that, they are often combined with various software applications and websites.

### The Age of AI: How Automation Is Revolutionizing Business – Medium

The Age of AI: How Automation Is Revolutionizing Business.

Posted: Fri, 27 Oct 2023 21:12:30 GMT [source]

For starters, it helps with tasks like extracting email addresses from a bunch of documents so you can do an email blast. Or more complex approaches like optimizing workflows and processes inside of large corporations. Test do not perform the last step of the workflow – i.e they do not click on the ‘place order’ button. It’s a perfect way of making sure that the program will perform as intended before the moment of truth.

And these bot operators aren’t just buying one or two items for personal use. That’s why these scalper bots are also sometimes called “resale bots”. Footprinting is also behind examples where bad actors ordered PlayStation 5 consoles a whole day before the sale was announced.

H&M is one of the most easily recognizable brands online or in stores. Hence, H&M’s shopping bot caters exclusively to the needs of its shoppers. This retail bot works more as a personalized shopping assistant by learning from shopper preferences. It also uses data from other platforms to enhance the shopping experience. So, letting an automated purchase bot be the first point of contact for visitors has its benefits.

## A.I. and Chatbots

For instance, walking them step-by-step either inside the chatbot window or following the customer from page to page. Imperva provides an Advanced Bot Protection solution that can mitigate sneaker bots and other bad bots. Bot Protection prevents business logic attacks from all access points – websites, mobile apps, and APIs. It provides seamless visibility and control over bot traffic to stop online fraud, through account takeover or competitive price scraping.

In the TechFirst podcast clip below, Queue-it Co-founder Niels Henrik Sodemann explains to John Koetsier how retailers prevent bots, and how bot developers take advantage of P.O. Boxes and rolling credit card numbers to circumvent after-sale audits. Options range from blocking the bots completely, rate-limiting them, or redirecting them to decoy sites. Logging information about these blocked bots can also help prevent future attacks. When Walmart.com released the PlayStation 5 on Black Friday, the company says it blocked more than 20 million bot attempts in the sale’s first 30 minutes. Every time the retailer updated the stock, so many bots hit that the website of America’s largest retailer crashed several times throughout the day.

They also give businesses analytics and reporting tools, enabling them to effortlessly monitor their chatbot’s performance and make informed decisions based on data. With BaaS, developers can leverage the power of AI and natural language processing to build sophisticated chatbots that can understand and respond to customer inquiries. These chatbots can be trained to provide personalized recommendations, answer frequently asked questions, and even perform simple transactions. Bots for sales integrate into websites, social media platforms, and messaging applications to target clients where they spend the most time online. Sales bots can also record information about a customer’s activities and preferences for further use in tailoring the service they receive.

You can also give a name for your chatbot, add emojis, and GIFs that match your company. This is more of a grocery shopping assistant that works on WhatsApp. You browse the available products, order items, and specify the delivery place and time, all within the app.

# What is the metaverse?

It will be built by creators and developers making new experiences and digital items that are interoperable and unlock a massively larger creative economy than the one constrained by today’s platforms and their policies,” asserts Zuckerberg. “A set of virtual spaces where you can create and explore with other people who aren’t in the same physical space as you. You’ll be able to hang out with friends, work, play, learn, shop, create and more”.

The industrial sector has already started using metaverse technology to advance internal operations. Manufacturers are creating digital twins of machinery, models and systems for predictive maintenance and real-time remote monitoring. Others substitute physical goods and interactions with digital ones for more sustainable, cost-efficient supply chains.

So there’s going to be a lot of nonsense – but at least now you should have a better idea of what on earth everyone is talking about. Tim Sweeney, Epic’s CEO, is on the record as one of the metaverse’s strongest advocates. Perhaps this is unsurprising, given that his company is in a rather unique position.

The metaverse is an open ecosystem of tools that allow users to immerse themselves in digital environments and experience the world in new, impactful ways. Similar to the birth of the internet, it will influence how we work, play and shop, enhancing visual collaboration. He points to his experience trying Facebook Horizon Workrooms, and the fact that you can bring your computer into the VR simulation – seeing your screen and even your keyboard floating in front of you in virtual space.

It represents a convergence of digital technology to combine and extend the reach and use of cryptocurrency, artificial intelligence (AI), augmented reality (AR) and virtual reality (VR), spatial computing, and more. And the “enterprise metaverse” may coalesce in a way that unlocks even more opportunity, beyond simply serving as a virtual place where people interact. As the metaverse grows, it may likely create online spaces where user interactions are more multidimensional than current technology supports. In simple terms, the metaverse will allow users to go beyond just viewing digital content, users in the metaverse will be able to immerse themselves in a space where the digital and physical worlds converge. Nevertheless, metaverse technologies promise the next level of interaction in the virtual and physical worlds, providing innovative new opportunities and business models. In fact, Gartner expects that by 2026, 25% of people will spend at least one hour a day in a metaverse for work, shopping, education, social media and/or entertainment.

For example, Epic has acquired a number of companies that help create or distribute digital assets, in part to bolster its powerful Unreal Engine 5 platform. And while Unreal may be a video game platform, it’s also being used in the film industry and could make it easier for anyone to create virtual experiences. There are tangible and exciting developments in the realm of building digital worlds. It’s impossible to separate Facebook’s vision of a future in which everyone has a digital wardrobe to swipe through from the fact that Facebook really wants to make money selling virtual clothes.

And 10 percent of the population has already tried AR or metaverse dating, and a majority enjoyed it more than the real-life alternative. Others think it has the potential to be a commercial space for companies and customers. It’s important to keep all this context in mind because while it’s tempting to compare the proto-metaverse ideas we have today to the early internet and assume everything will get better and progress in a linear fashion, that’s not a given. There’s no guarantee people will even want to hang out sans legs in a virtual office or play poker with Dreamworks Mark Zuckerberg, much less that VR and AR tech will ever become seamless enough to be as common as smartphones and computers are today.

To her, that future will be a better one, thanks in part to the metaverse. The idea that we might be able to “feel like we’re together when we’re not,” he argues, could likely lead someone to create a company on par with Facebook and Apple. Big tech firms are jumping into the space, with Facebook Inc (FB.O), Alphabet Inc-owned (GOOGL.O) Google and https://www.xcritical.in/ Microsoft Corp (MSFT.O) investing in cloud computing and VR companies in anticipation of its growth. Non-fungible tokens (NFTs) are a new type of virtual asset that have fuelled much of the growth in the metaverse. McKinsey research indicates that simply not participating in the metaverse may result in a significant competitive disadvantage.

• However, it will take us a few years to gain expertise and experience in the use of metaverse in our daily lives.
• Meanwhile, Unity, a 3D development platform, is investing in “digital twins” – digital copies of the real world – and the graphics company Nvidia is building its “Omniverse”, which it describes as a platform for connecting 3D virtual worlds.
• Roblox might be unknown to many over the age of, say, 25, but the 13-year-old platform is booming.
• When tech companies like Microsoft or Meta show fictionalized videos of their visions of the future, they frequently tend to gloss over just how people will interact with the metaverse.

Meanwhile, Unity, a 3D development platform, is investing in “digital twins” – digital copies of the real world – and the graphics company Nvidia is building its “Omniverse”, which it describes as a platform for connecting 3D virtual worlds. The term can refer to digital spaces which are made more lifelike by the use of virtual reality (VR) or augmented reality (AR). what is the metaverse The futility of throwing an outdoor pandemic-friendly event in January wasn’t the only reason Hackl’s son lobbied for a digital event. Roblox might be unknown to many over the age of, say, 25, but the 13-year-old platform is booming. It refers to shared virtual worlds where land, buildings, avatars and even names can be bought and sold, often using cryptocurrency.

Meta thinks it will include fake houses you can invite all your friends to hang out in. Microsoft seems to think it could involve virtual meeting rooms to train new hires or chat with your remote coworkers. Krishnan advised that businesses should be proactive in creating a viable data privacy policy tailored to their organizations and to work with the major metaverse platform owners and standards organizations to establish security and privacy safeguards. Consumers will need to make an effort to understand the security and data privacy policies of both the businesses they frequent and the metaverse platforms on which those businesses reside.

This shift to an open ecosystem will allow users to incorporate their favorite tools into the metaverse of their choice. As we continue to evolve, there will be even greater flexibility in how people work and play. Once you’ve outlined your needs, it’s time to choose a platform to drive your business forward. Based on your use case, you’ll want to take note if the metaverse is a SaaS platform or a custom build. The internet is always evolving, and you don’t want an agency building a custom world that won’t track the updates. If you’re a B2B company, you’ll also want to make sure your metaverse is B2B-focused to help optimize operations.

The social network company Facebook is particularly active in building metaverse technology. The company acquired the virtual reality company Oculus in 2014, and in 2021 the company changed its name to Meta Platforms. That same year it released its metaverse application Meta Horizon Worlds, in which users can use Oculus headsets to play games created by other users. The application included a business platform, Meta Horizon Workrooms, in which users who work at locations remote from each other can interact as in a real office.

At its October 2022 Ignite conference, the software giant launched in private preview a feature that lets people create and use avatars in place of live video during Teams meetings. Metaverse already exists in apps and games like Roblox, Minecraft, and Fortnite for the avatar creation of the characters by the users. But this level of Metaverse is currently only introductory so it will require most probably 5-10 years to set up completely before the entire technology evolves to its next level.