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Colorado among six states aiming to regulate AI
Artificial intelligence is helping decide which Americans get the job interview, the apartment, even medical care, but the first major proposals to reign in bias in AI decision making are facing headwinds from every direction. Lawmakers working on these bills, in states including Colorado, Connecticut and Texas, are coming togethe[...]
Future-Proof Your Company: 5 Key Strategies for Business Success in 2024
The world and the economy never stop evolving, and in 2024, customers expect more than just great products. Recent studies show that over 70% of consumers want to buy from companies that align with their values, especially in health, sustainability and digital innovation. This shows us the importance of understanding what people [...]
Family Owned Companies: O’Meara Motors
For this issue’s Family-Owned Companies feature – an annual ColoradoBiz staple we’re focusing on family businesses that are at least 50 years old, a fact that, by itself, makes them exceptional: According to a study by the Cornell SC Johnson College of Business, the average lifespan of a family-owned business is 24 years. Th[...]
Defining ‘Sustainability’ in Modern Business — is it Even Possible?
One word, more than any other, has come into the business and economics lexicon in the last several decades — sustainable. Merriam-Webster defines sustainable as maintained at length without interruption or weakening. In the world of economics, sustainability offers a minimal condition we aspire to as we seek to, at the very least[...]
Striking Tech Gold in The Rockies: Fueling Innovation and Talent in Denver and Beyond
Every 72 hours a new tech company stakes its claim and opens its doors in Colorado. This impressive statistic signifies more than a booming economy, it demonstrates that Colorado must be offering something more than a thriving job market. What is the allure of the Centennial State to tech giants and ambitious startups? Over the la[...]
Building a Strong Foundation for Your Business: 6 Essential Values You Should Embrace
In today's fiercely competitive business landscape, success is often measured by financial metrics, market share and innovation. These are necessary, for sure, but I’d like to dive into something that carries a little more weight, in my opinion. I’m talking about values. What are your company's values? Values often determin[...]
Why Robot Can’t Sell: 6 Reasons AI Isn’t Ready to Replace Your Product Writer
Imagine this: You're browsing for a new pair of running shoes. You come across a product description that reads: "Experience optimal comfort and performance with our revolutionary running shoes! These shoes have premium materials and will propel you to new heights. Order yours today!" Something feels off. Why? It's generic, lacks [...]
Former FirstBank CEO Announces His Retirement From the Bank After 37 Year Tenure
FirstBank, one of the largest privately held banks in the nation with a focus on “banking for good”, announced Jim Reuter is retiring from FirstBank after seven years as Chief Executive Officer (CEO) and 37 years with the organization. The board elected President, Kevin Classen, as the new CEO, and Chief Digital Officer [...]
Beyond the Headlines: A Factual Perspective on Regional Banking
We are two months into 2024, and instead of looking ahead and maintaining positive momentum from a strong Q4 2023 performance, I find myself experiencing an unwelcome sense of déjà vu. Regional banks are once again the target of dramatized and often misleading headlines because, for the second time in less than 12 months, industr[...]
New Consortium Launches Colorado Hub for Health Impact to Attract Health Innovation Companies to the State
Colorado Hub for Health Impact, a new national economic development campaign elevating Colorado as America’s epicenter for life sciences innovation launches today. The campaign emphasizes Colorado’s leading innovation talent, central location, robust infrastructure, collaborative community, reasonable costs and unmatched quality[...]
3 Ways to Maintain Your Business Data Integrity in 2024
As a business leader, a reputation for integrity is one of your most valuable assets. These days, integrity has more than one meaning — and when it comes to data, it’s one you need to understand. Data integrity is vital for gaining accurate insights, as well as maintaining cybersecurity. With 6.41 million data records leaked w[...]
The 5 Biggest Challenges Entrepreneurs Face, and How to Solve Them
Entrepreneurs start a business for various reasons: to attain more freedom, to have more control of their life or income, to build something great, or to make a difference — or for all these reasons. As entrepreneurs build their leadership team, the new leaders typically want the same things. But what frustrations do entrepreneurs [...]
3 Trends That Will Shape Business in 2024: Digital Tools, Labor Markets and Strategic Partnerships
2023 was a dynamic year for businesses across all sectors. Artificial intelligence (AI) went from a novel technology to a more widely utilized business productivity tool. Many companies invested additional resources in sustainable business practices. And digital business solutions helped companies thrive. Here are predictions for w[...]
BridgeTower Media Acquires ColoradoBiz for Its Growing Business-Intelligence Media Portfolio
BridgeTower Media, the authoritative source for business insights, data-driven marketing solutions and events across more than 40 media and research brands, has acquired ColoradoBiz, the voice of business statewide for more than 50 years, the companies announced today. Founded in 1973, ColoradoBiz is the largest business publication [...]
Top 5 Tech Tools Every Hybrid Team Needs for Effective Collaboration
In today's rapidly evolving workplace, hybrid teams are becoming increasingly common; these teams, which combine remote and in-office work, require specialized tools and strategies to collaborate effectively. Successful hybrid work environments require the adoption of technologies to ensure that optimal collaboration can still be ac[...]
8 Challenges of Implementing Business Intelligence in Finance — and How to Solve Them
Business intelligence software has emerged as a key tool for data collection and analytics for BFSI companies, helping them get maximum value out of their data, improve decision-making and stay competitive. With the global business intelligence software market projected to reach $27.36 billion in 2024, as reported by Statista, the in[...]
The Remote Work Burnout is Real: Here’s What You Need to Know
In the wake of the pandemic, remote work swiftly became the norm for countless businesses worldwide. Over a third of employees now work, at least partially, remotely. The shift is heralded for its safety, convenience and liberation from the dread of an employee's daily commute. However, it also bears a downside that looms large: burn[...]
“Underground at the Showcase,” Youth-Produced Official Podcast of the Underground Music Showcase, Announces a Second Season
Season two of “Underground at the Showcase,” the official youth-produced podcast of the Underground Music Showcase (UMS), launches on January 30th on all podcast streaming platforms. Season 2 Highlights: Inside scoop: Hear candid conversations with top local artists who rocked UMS 2023, including Destino, Corsicana, Dand[...]
The Importance of Embracing Experiential Learning in Modern Business
The ability to adapt and evolve has become crucial for helping organizations stay strong and relevant. Traditional models of business management are being challenged by a world where change is the only constant. This dynamic environment requires more than theoretical knowledge; it calls for a practical, hands-on approach to learning.[...]
How to Welcome AI in Your Recruiting Process
We’ve all experienced the endless circles of frustration and stress that have become the norm as we try to resolve day-to-day issues with the help of a bot. AI has arrived, and it’s everywhere, including in recruitment. However, AI is a tool, not the toolbox. It cannot replace humanity. READ: AI in the Workplace — A Roadmap Fo[...]
