Technology moves fast and doesn't wait for anyone. New digital innovations such as cloud computing have forced businesses to adapt quickly in order to keep up with innovation. Jason McDonald, U.S. President for Contino, a consulting firm helping brands adopt new tech, was with us to chat about how businesses are responding to rapid changes in technology.
McDonald breaks down the challenges for moving data to the cloud. He points out that 70% of digital transformation projects will fail in 2018, according to a recent study. The key failure is not bringing the right personnel into the system, he says. McDonald names the healthcare sector as a laggard because of moving regulations and calls out the government for being even farther behind.
It's hard for companies to ignore headlines around cybersecurity breaches. Contino is working to mitigate concerns about those threats and help businesses plan for the future. McDonald says it's less of a "software and tech" conversation, and more of a "people and process" conversation.
Stocks opening mostly higher to close out a wild week on Wall Street. It comes as investors continue to digest comments from the Federal Reserve, as well as the latest slew of earnings. Gene Goldman, Chief Investment Officer at Cetera, joined Cheddar's Opening Bell to discuss.
Democratic lawmakers are now calling on Bitcoin mining companies in the U.S. to assess how much electricity they use and how it could all potentially impact residents and the environment in the near future. Since its conception, crypto mining has been at the center of a debate. The question is: Is crypto mining playing a key role in renewable energy or could it totally derail U.S. climate goals? Host of The Wendy O show Wendy O, joined Cheddar to discuss more.
Rene Ritchie, independent tech analyst and co-founder of the Nebula Podcast, joins Cheddar News' Closing Bell, where he breaks down what investors will be looking for from Mark Zuckerberg this week and how the tech giants stack up when it comes to augmented reality and virtual reality products going forward.
According to multiple reports, President Biden's upcoming executive order for the crypto marke would assign some government entities to study cryptocurrencies, stablecoins and NFT's with the goal of developing a workable regulatory framework. Douglas Borthwick, Chief Business Officer at INX, joins Cheddar News' Closing Bell, where he elaborates on what role the Biden administration would play under this order.
