The 10 Revolutionary AI Leaders of 2024.

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TaraMay

Transforming Tech with Neurodiversity and Kindness

™ THE 10 REVOLUTIONARY AI LEADERS OF 2024 MIRRORREVIEW.COM MARCH 2024
Aspiritech CEO

EDITOR’S LETTER

Embracing the AI Revolution!

earReaders, D

Inanagedefinedbyrapidtechnologicaladvancementanddigitaldisruption,the transformativepotentialofartificialintelligence(AI)hasbecomeincreasinglyapparent acrossindustries.AsbusinessesandsocietyatlargeembraceAI-driveninnovations,the needforvisionaryleadershipinthisdomainhasneverbeenmorepronounced.Againstthe backdropofaburgeoningAImarket,projectedtoreach$407billionby2027,theroleofAI leadersinshapingthetrajectoryofthistransformativetechnologycannotbeoverstated.

TheexponentialgrowthoftheglobalAImarket,projectedtoexceed$2.7trillionby2032, underscorestheimmenseopportunitiesandchallengesthatlieahead.AsAIcontinuesto reshapeindustriesandredefinethenatureofwork,theroleofAIleadersinnavigatingthis complexlandscapebecomesincreasinglypivotal.

InthiseditionofMirrorReview,weturnourspotlighton“The10RevolutionaryAI Leadersof2024,”whosepioneeringeffortsaredrivingtheevolutionofAIandreshaping thefutureofbusinessandsociety

Attheforefrontofthismovementisourcoverstory,TaraMay,CEOofAspiritech.Witha boldvisionandunwaveringcommitmenttoharnessingAIforsocialgood,Mayepitomizes thetransformativepowerofAIleadership.HerworkatAspiritechshowcasestheimmense potentialofAInotonlytodrivebusinessinnovationbutalsotoempowerindividualsand communities.

AlongsideMay,thiseditionfeaturesadiversearrayofAIleaders,eachmakingsignificant contributionstotheadvancementofAItechnologyanditsapplications.FromOfer Familier’sgroundbreakingworkatGlossAitoHarrisonAmit’sinnovativeapproachtoAIdrivenhealthcaresolutions,theseleadersareattheforefrontofdrivingAIadoptionand innovationacrosssectors.AnnFrank’sexpertiseinAIethicsandKarlFriesenbichler's visionaryleadershipinAI-drivensustainabilityinitiativesfurtherhighlightthebreadthand depthofAIleadershipintoday’slandscape.

Byfosteringcollaboration,drivinginnovation,andchampioningethicalAIprinciples,these leadersarenotonlyshapingthefutureofAIbutalsoinfluencingthebroadersocietalimpact ofthistransformativetechnology.

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COVER STORY TaraMay
26 OFER FAMILIER PROFILES A R T I C L E S 34 KARL FRIESENBICHLER 50 44 HARRISON AMIT ANN FRANK AN ESSENTIAL GUIDE TO KNOW ABOUT BATTERY TECHNOLOGY 38 A COMPREHENSIVE GUIDE TO INDUSTRY 5.0 30

Tara May

Transforming Tech with Neurodiversity and Kindness

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C O V E R S T O R Y

Aspiritech CEO
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COVER STORY 12|MARCH2024

Psychologicalsafetyfostersinnovation.

Ifapersondoesnotfeelsecureinaworkplace,they willlackthewillingnesstoproposenewideas,takea risk,ordisruptthestatusquo.Innovationisthe doorwaytosuccessintech,andstrong,humble leadershipisthekeytoopeningthatdoor That’sthe philosophyespousedbyTaraMay,theCEOofatech servicescompany.Mayknowsalotaboutliftingup teammembersandcreatingacollaborative,supportive, andeffectiveworkenvironment.Hercompany, Aspiritech,employsaworkforcethatismorethan90 percentautistic.

“Our culture at Aspiritech is built around valuing what each individual person brings to the workplace and how that makes us stronger together,”shesaid.“We strive to create an environment where everyone can thrive and reach their full potential.”

Theorganization’smissionistoprovidemeaningful careersforpeopleontheautismspectrumwhoperform avarietyoftechservices.Aspiritechprovidesquality assurance,end-to-enduserexperiencetesting,data services,Salesforcecleanup,accessibilitytesting,and more.TheirclientsincludeBOSE,GoldmanSachs, Aon,Astellas,SourceAmerica,Abbott,BakerTilly, andahostofothers,rangingfromtwo-personstartups toFortune500companies.Inthelastyear,theirnew clientrevenuehasrisenby40percent.

TheAspiritechteam’sexpertiseknowsnobounds,and theteammembers’workonprojectsforfinancial institutions,pharmacompanies,andtechstartups. Theyworkwithclientpartnerstoofferawidearrayof on-demandtechservices,suchassoftwareQA, migratingdata,fillingingapsindata,andcleaningup aSalesforceinstance.

“Our team is passionate about user experience and excellence,” Maysaid. “They want to identify and fix all the problems they see. It’s incredible the standards they hold themselves accountable to.”

May’sphilosophyatAspiritechisthataworkplaceshould bringoutthebestinpeople.Bycreatingaspacethat’s inclusiveandwelcoming,peoplewillbeabletodotheirbest andbetheirbestatwork.

“People are humans 24 hours a day,” Maysaid. “That doesn’t stop at work. When we care about people and understand what drives them, they can be their best selves.”

Deep-SeatedValues

May’sbeliefineveryone’sinherentvalueandpotentialis deep-seated.ShegrewupinruralMichiganwithloving parentswhoworkedhardtogiveherandhersistermore opportunitiesthantheyhad.TheMayfamilystartedtheir livesinasmalltrailerandhadtoworklonghourstostayon topofthebillsandmakeabetterlifefortheirchildren.But Maysaidsheneverevenrealizedherfamilyhadlessthan othersuntilshewentofftocollegeatMichiganState University

“My parents filled my life with joy and love. They taught me that I should treat everyone equally, no matter where they came from or what they had,” she said. “I was taught to work hard and respect people – all people.”

Shecarriedthatphilosophywithherineveryaspectofher career.Shequicklycametounderstandthattreatingher teamswithkindnessandrespectbroughtaboutthebest results.

“I strive to create a culture of kindness,” Maysaid. “We need to constantly grow, evolve, and iterate. That means fostering a culture where people feel psychologically safe to fail so that we can try new things without fear.”

“My primary role as CEO is to be a good listener. We work as a team to craft a vision for the organization's future that we can all share in.”
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“You already have a neurodiverse team, whether you know it or not.”
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COVER STORY 15|MARCH2024

Data Points

95% of the team is highly engaged and satisfied with their work (Source: Aspiritech 2022 Employee Engagement Survey).

Autistic team members can be up to 140% more productive than average employees when matched with a job that fits their skills (Source: Harvard Business Review).

Aspiritech achieved more than 40% growth in new business in 2022 under May’s leadership

COVER
STORY
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JourneyofaTransformativeLeader

Maystartedhercareerinjournalismwithherfirstjobasa crimereporterattheRoswellDailyRecordinNewMexico. Astheprintnewspaperindustryencounteredacritical junctureinshiftingtodigital,aneditorinvitedhertohelp launchoneoftheChicagoTribune’swebventures,igniting herpassionforusingtechtosolveproblems.

“I realized there was a dearth of tech-savvy leadership, so it left a space for me to dig into an undeveloped area, make myself an expert, and provide value,” Maysaid.

Maywentontoleaddigitalstrategyandmediaproductsat Winsight,aB2Bcompanyservingthefoodserviceindustry. Underherleadership,Winsight’smediadivisionsaw explosivegrowthindigitalKPIsand3Xgrowthinrevenue inlessthanfiveyears.

ForMay,fast-movingtechprovidedanopportunitytobea transformativeleader,bothculturallyandinproduct development.Althoughtechissometimesviewedasan industrylackinginfemaleleadership,Mayfoundcomfort inveryclearmeasuresofsuccess,whichhelpedher overcomeherimpostersyndrome.

“The tech industry offers unique opportunities for women to shine because it’s so data-driven,” Maysaid. “When a woman is successfully driving product innovation or revenue in tech, it’s right there in the KPIs, so it’s harder to ignore or promote based on bravado or ego.”

Earlyinhercareer,Mayfacedhershareofobstacles.She usedtodyeherhairblackinanefforttobetakenmore seriously.Once,amentorcoachedhertochangethetoneof hervoice–shesoundedtoofeminine.Ingeneral,people toldhertosucceed,sheneededtolookandactmorelikean executive.Andexecutivesweretall,whitemen.

“As I grew older and more confident, I learned to shed those limitations,” Maysaid. “I remember one moment when I was scheduled to speak on the main stage at a conference. The day before, I stepped on a nail, putting it straight through the center of my foot! At first, I was a bit panicked about not being able to wear my usual heels. Finally, I grabbed my comfy flats and reminded myself, and hopefully, everyone in the audience, that sometimes leadership is short, blonde, and curvy. As it should be. ”

Mayalsoencounterotherstarkrealities.Manyexecutives tendtohireandpromotepeoplewholooklikethemor

peopletheyknow.Somehadjobsbecausetheywere relativesorfriendsoftheboss.Executivesoftendrawfrom theirownaffluentsocialcirclestofillouttheverytopsof theirorganizations.

“I’ve stared at the proverbial glass ceiling and found ways to work around it to the best of my ability, but it’s still frustrating that it’s there at all,” Maysaid. “I advocate for all organizations and leadership to look outside the box and hire a diverse group of people who will come with new ideas, new ways of thinking, and innovation that will drive you to the next level.”

NeurodiversityandWork

WhenthepositionatAspiritechopenedinApril2022,May sawitastheopportunitytoleadanorganizationand implementherculturalvision–andshecoulddoitatan organizationwhosemissionshetrulybelievedin.

“I’ve long held the belief that pairing someone’s talent and passion with a business need is a recipe for success,” May said. “It’s good for the business, the client, and the team member. That’s our entire model at Aspiritech. When a business approaches us with a need, we find the right team members to get the job done, creating a win for everyone.”

Astheparentofanautisticson,Aspiritech’sworkisvery closetoMay’sheart.Sheandherhusbandembracehis autisticidentityandbelieveittobefundamentaltowhohe is.

“The day he got his diagnosis, absolutely nothing changed,” Maysaid. “He was the same joyful, kind, intelligent kid he was the day before. It was just now that we knew better how to offer him the support he needed.”

Aspiritech’sfocusisonpeopleontheautismspectrum,but Maybelievesmanyofthecompany’sstrategiescanbe appliedbroadlyinallworkplaces.Itrecentlylaunched NeuroGrowth,aneducationalconsultancyaimedathelping workplacesbefriendliertoneurodivergentindividuals.

Thepackageincludesliveandon-demandtrainingonhow toaddressstressandanxietyintheworkplace,improve communicationforvisualandauditorylearners,improve performancemanagement,promoteworkplaceinclusion, andmore.

Oneinfivepeopleisneurodivergent.Manyarediagnosed andchoosenottoshareit.Otherswereneverdiagnosedat

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COVER STORY

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all.Neurodiversitycanabsolutelybeacompetitiveadvantage ifteammembersaregiventherightenvironment.Autistic teammembers,forexample,canbe140%moreproductive thantheaverageemployeeifpairedwithajobthatalignswith theirskills,accordingtothe HarvardBusinessReview

“You already have a neurodiverse team, whether you know it or not,” Maysaid. “By thinking about all kinds of brains in the workplace, you’re making your company better for everyone.”

BuildingaCultureofKindnessandInnovation

InherfirstyearatAspiritech,Mayledthroughrapidchange withateamthatstereotypesmightsuggestwouldnotgrapple withitwell.Instead,they’veembracedit.WhenMayandher teamlaunchedLinkedInLearning,100teammemberstook morethan7,000coursesinsixmonths–thetypeof engagementmostexecutivesonlydreamof.Sheworkedwith leadershiptorevampthePTOpolicy,introducenewprogram lines,relaunchthecompanywebsite,revampbranding materials,addnewcustomers,andboostclientrevenue.

“The team has risen to every single challenge,” shesaid. “They’ve shown me how to be a better leader and a better person.”

AspiritechhasinclusiongroupsforLGBTQ+teammembers, women,parents,andcaregivers,andanAutismAdvocacy Group.Theyholdwellnesssessionsandtownhallsfor

employeefeedback.Theyworkonself-esteemand buildingeachotherup.

“We lift each other up,” shesaid. “We face challenges together. We don’t point fingers or apply blame. We look for solutions.”

Arecentemployeeengagementsurveydemonstratesthe resultsoftheculture.The2022surveyshowedthatmore than95percentoftheteamishighlyengagedandsatisfied withtheirwork;morethan91percentbelievetheycould bringatoughproblemtoleadership,andmorethan90 percentbelieveAspiritechiscommittedtocreatingan inclusiveworkplace.

Allofthosechangesandinitiativesbeganwithalistening tour.MayspentherfirstmonthatAspiritechmeetingwith everysingleemployee.Somechattedforanhour.Somefor justafewminutes.Eachhadideas,opinions,concerns,and questions.AndwhatMayismostproudofisthattheteam cametogethertoworktocreateavisionofthecompany theywantedtobecome.

“My primary role as CEO is to be a good listener. I listen to things my colleagues are struggling with and help remove obstacles and solve problems. I listen to the market and our customers about how we can improve and evolve,” shesaid.

“We work as a team to craft a vision for the organization’s future that we can all share.”

“I strive to create a culture of kindness. We need to innovate and grow constantly. That means fostering a culture where people feel psychologically safe to fail so that we can try new things without fear.”
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Aspiritech

Management-TaraMay,CEO

URL-www.aspiritech.org

Founded-2008

Description-May’sphilosophyatAspiritechisthata workplaceshouldbringoutthebestinpeople.By creatingaspacethat’sinclusiveandwelcoming,people willbeabletodotheirbestandbetheirbestatwork.

CYVO Limited

Management-AnnFrank,CEO

URL-www.cyvo.io

Founded-2012

Description-CYVOLimitedpioneersbreakthrough privacysolutionsbasedonpost-quantumencryptionand blockchain-basedcryptography Theirproductportfolio includesanUltra-SecureOS,CYVOBrowser,DigitalAsset WalletonEthereumMultichain,andDecentralizedStorage, assuringtop-tierdigitalsecurityforpeopleandcompanies.

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2024 Revolutionary AI LEADERS 1

dereOida Pty Ltd.

Management- KarlFriesenbichler,CEO

URL-www.dereoida.com

Founded-

2018

Description-Thecompany’smissionistoreducehuman mistakes,warehousingandlogisticalconcerns,and increaseproductaccessibilityforeverybody DereOida's purposeistodevelopthegreatestproductinthebusiness, withastaffcommittedtopushinginnovationandquality inalltheydo.

HOVR

Management-HarrisonAmit,FounderandCEO

URL-www.ridehovr.com

Founded-2020

Description-HOVRisapromisingridesharingplatform offeringseveraladvantages,particularlyforbudgetconscioususersorthoseopentosharingrides.Its transparentpricing,convenientfeatures,andfocuson safetymakeitaviablealternativetotraditional ridesharingoptions

GlossAi

Management-OferFamilier,Co-FounderandCEO

URL-www.glossai.co

Founded-2021

Description-TheGlossAiplatformisacomprehensive solutionthatcombinesenrichment,repurposing,and generativecapabilitiestocreateasinglehubforcontent creationworkflows Theorganizationisalways introducingnewcapabilitiestoitscustomers,ensuring theyhaveaccesstothemostrecenttoolsand technologies

InData Labs Group Ltd

Management-MaratKarpeko,Co-FounderandChairman

URL-www.indatalabs.com

Founded-

2014

Description-InDataLabshasanexceptionaltrackrecordof providingNaturalLanguageProcessing(NLP)solutions Notably,theydevelopedasimultaneousinterpretation trainingtoolforInterprefy,demonstratingtheirproficiencyin languagetechnology.

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ProtectBox

Management-KiranBhagotra,FounderandCEO

URL-www.protectbox.com

Founded-2017

Description-Protectyourhome,office,andmorewith Protection-in-a-Box!Thisaward-winningNetZero/AIdrivenwebsitesimplifiescybersecurityshopping Easily compareandbuyallyourprotectioninoneplace Businessesandindividuals,findpersonalizedriskscoredbundles,realcustomerreviews,andoffsetyour carbonimpact.

Seceon

Management-ChandraShekharPandey,Founder

URL-www.seceon.com

Founded-2015

Description-Seceon’sOTMintegratesML,AI,and dynamicthreatmodelstostreamlinecybersecurity This unifiedplatformprovidesautomatedthreatidentification, fullvisibility,andreal-timeeradication,removingthe needfordifferenttools.Compareimprovedcybersecurity withoutadditionalsilosoralertfatigue.

Qualcomm Incorporated

Management-CristianoR.Amon,President

URL-www.qualcomm.com

Founded-1985

Description-Qualcommisamarketleaderinwireless technology.Thecompany’sproductsarefoundin billionsofmobiledevicesworldwide.Qualcommis alsoapioneerin5Gwirelesstechnologydevelopment.

Scale AI

Management-AlexandrWang,FounderandCEO

URL-www.scale.com

Founded-2016

Description-ScaleAIpresentsacompelling propositionforindividualsandorganizationslookingto harnessthepowerofAI Theircomprehensive offerings,focusonhigh-qualitydata,anddedicationto responsibleAIdevelopmentmakethemavaluable partnerofintelligence

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We see secure suites of tools as the next leap in Generative AI– allowing C-suites through teams to maximize resources while enhancing levels of creativity we have yet to experience

Navigating the AI Landscape with Innovation at GlossAi

OferFamilieristheCo-Founder&CEOofGlossAi-a companyattheforefrontoftheAIindustry.

LeadingGlossAiwithaninnovativespiritandakeen understandingofmarketdynamics,he’schangingtheway andscopeinwhichtheeverydaypersonutilizesAI technology.HisjourneyinAIandtechnologyismarkedby auniqueblendofengineeringexpertiseandbusiness acumen.StartingasasoftwareengineeratIntel,Ofer’s earlycareerlaidastrongtechnicalfoundation,whichhe latercomplementedwithbusinessstrategyskillsdeveloped atINSEADandMcKinsey

Asavisionaryentrepreneur,Oferhassuccessfully navigatedthecomplexitiesoftheAIlandscape.Hehasbeen instrumentalindevelopingandmarketingdiverseproducts, displayinganexceptionalabilitytounderstandandleverage technologicaladvancements.Hisskillinnegotiatingand finalizingstrategiccustomeragreements,coupledwithhis experienceinleadinginvestorduediligenceprocesses,has helpedshapehimasaleaderadeptatnavigatingthe financialandstrategicaspectsnecessaryatthecuttingedge ofthetechindustry.

Ofer’sapproachtobusinessdevelopmentischaracterized byarelentlesspursuitofinnovationandadeep commitmenttounderstandingtheneedsandchallengesof theAImarket.Hisinsightsintotheevolvingtechnology landscapehaveenabledGlossAitoremainatthecutting

edge,consistentlydeliveringsolutions thatresonatewithconsumersandmeet theever-changingdemandsofthe industry

OrchestratingVision,Strategy,and GrowthatGlossAi

InhisroleasGlossAi’sCEO,Ofer Familierplaysmultiplepivotalroles crucialforthecompany’sgrowth.He isdeeplycommittedtobuildingateam thatembodiesthecompany’svision, focusingonrecruitingindividualswho arenotjustskilledbutalsosharea passionforAIinnovation.This approachhasfosteredacultureof enthusiasmanddedication,drivingthe companytowarditsgoals.

UnderOfer’sleadership,GlossAihas developedastrategicroadmapthat alignswiththerapidchangesin technology,includingtherapid developmentofnewtoolsandmeeting themarketneedsastheyemerge.He hasanexceptionalabilitytoanticipate industrytrendsandpositionthe companytoleverageforthcoming

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innovations.Thisforward-thinkingstrategyhasbeen essentialinkeepingGlossAiattheforefrontoftheAI industry,readytoadaptandevolveasnewtechnologies emerge.

Fundraisingandestablishingstrategicallianceshavebeen keyareasoffocusforOfer.Bycarefullyselectingfunding partnerswhoshareGlossAi’svision,hehassecuredthe resourcesneededforthecompany'sinnovativeefforts. Additionally,hisemphasisonbuildingastrongecosystem throughstrategicpartnershipshasbroadenedGlossAi’s marketpresence,enhancingitsabilitytodelivercuttingedgeAIsolutions.

RevolutionizingVideoContentCreationwithAdvanced AI

GlossAihasemergedasaleaderinAI-drivencontent creation,particularlyintransformingthecontentcreation process.Thecompanyleveragescutting-edgeAIalgorithms thatgobeyondbasictextanalysis,consideringelements suchastone,facialexpressions,andaudienceengagement. Thisadvancedapproachenablestherapidtransformationof rawfootageintoengagingcontent,settingnewstandardsin theindustry

TheGlossAiplatformisacomprehensivesolutionthat integratesenrichment,repurposing,andgenerativefeatures, creatingacentralhubforcontentcreationworkflows.This all-in-oneplatformisagame-changerformarketers, trainingprofessionals,andotherbusinessunits,enabling

themtoproducecaptivatingvideos,createsocialmedia snippets,andevengeneratewrittencontent,suchas eBooks,blogposts,andmore,allfromaudioandvideo sourcesefficiently

InanerawhereAIisevolvingrapidly,GlossAi’s commitmenttoinnovationisevident.Thecompany consistentlyintroducesnewcapabilitiestoitscustomers, ensuringtheyhaveaccesstothelatesttoolsand technologies.ThiscommitmenthasestablishedGlossAias areliablepartnerinthedynamicworldofAI,trustedby clientstoprovidethemostadvancedandeffective solutions.

StrategicLeadershipAmidChallenges

LeadinganAIcompanylikeGlossAi,Oferfacesthe challengeofbalancinginnovationwithprudentresource management.Theteamisunderconstantpressureto developandlaunchadvancedfeatures,whichrequires carefulallocationoftimeandresources.Ofer’sstrategic decision-makingensuresthatthecompanyremainsfocused ontechnologiesthatofferthegreatestpotentialforimpact.

Ofer’sleadershipisalsodefinedbyhisabilitytoadaptto rapidlychangingmarketconditions.Consumer-facingAI appearstobeinitsinfancy—poisedtogrowrapidlyinthe comingyears.Successfullysteeringthecompanyand keepingitoncourserequiresanimbleandresponsive approachtoproductdevelopmentandstrategy.Ofer’s empatheticleadershipstyleallowshimtounderstandhis

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team’sperspectiveandalignstrategieswithmarketneeds, ensuringGlossAistaysaheadofthecurve.

AnotherkeychallengeforOferismaintainingauthenticity andopennesstofeedback.Embeddingthiswithinthe companyculturehasfosteredanenvironmentofopen communicationwithinGlossAi,essentialfornavigatingthe complexdynamicsofteammanagementandmarket fluctuations.Ofer’sabilitytolistenandadapthasbeen instrumentalinguidingthecompanythroughthe challengesoftheAIindustry.

NavigatingtheLandscapeofAI:Opportunities,Risks, andtheCallforCollaborativeGovernance

OferrecognizesthetransformativeimpactofAImodels likeChatGPTandDALL-Ebutisalsoacutelyawareofthe associatedrisks.Heisconcernedaboutthepotential misuseofAI,includingcreatingharmfulcontent,violating copyrights,andspreadingmisinformation.Toaddressthese challenges,Oferadvocatesforcollaborationbetween businessesandregulatorybodies,drawingparallelstothe challengesfacedbysocialmediaplatformsandstressing theimportanceoflearningfrompastexperiences.

OferbelievesthatmanagingtherisksassociatedwithAI requiresaproactiveapproach,especiallyasAI technologiesbecomemoreadvancedandwidespread.He emphasizestheneedforcontainmentstrategiestoensure AI-generatedcontentremainswithinethicalandlegal boundaries.Thisperspectiveiscrucialinalandscape wherecontroloverAI-generatedcontentisbecoming increasinglycomplex.

Thiscallforcollaborativegovernanceisatestamentto Ofer’sforesightandunderstandingoftheAIindustry.He recognizesthatwhileAIoffersincredibleopportunitiesfor innovationandgrowth,italsopresentssignificantethical challengesthatmustbeaddressedresponsibly.His leadershipinthisareahighlightstheimportanceof balancinginnovationwithethicalconsiderations.

Ofer’s

Pursuit

ofHarmonybetweenWorkandFamily

Ofercontinuouslyworksonimprovinghisabilityto disconnectfromworkanddevotequalitytimetohis family Thiscommitmenttobalanceisnotjustforpersonal fulfillmentbutalsosetsapositiveexampleforhisteam,

encouragingthemtoprioritizetheirwell-being alongsidetheirprofessionalresponsibilities.

Annualskiingtripsandfamilyadventures,likethe recenttriptoSouthAfrica,aremorethanjustleisure activitiesforOfer.Theyareopportunitiestobondwith hisfamilyandexposehischildrentodiversecultures andlifestyles.TheseexperiencesareintegraltoOfer’s life,providinghimwithabroaderperspectiveand enrichinghispersonalandprofessionaljourney

Ofer’sdedicationtoachievingharmonybetweenwork andfamilylifeisakeyaspectofhisleadership.It reflectshisunderstandingthatsuccessisnotjust measuredinprofessionalachievementsbutalsointhe abilitytoleadafulfillingandwell-roundedlife.This approachresonateswithhisteamandservesasan inspirationforachievingbalanceintheirownlives.

StrategicInsightsforAISuccess

ToaspiringAIprofessionals,Oferoffersstrategic insightsforsuccessintheindustry.Headvises focusingondevelopingacomprehensiveAI partnershipthatregularlyupdatesitstechnology, ratherthanrelyingonmultiplesmallvendors.This approachensuresasmoothercustomerexperienceand enablesbusinessestoadaptefficientlytotechnological changes.

Oferemphasizestheimportanceofsettingabroad organizationalvisionandengaginginshort,focused developmentcycles.ForML/AIteams,participating inweeklysprintsallowsfortherapidintegrationof newfeaturesandinformeddecisionsregardingthe adoptionofnewlanguagemodelsoropen-source technologies.Thisagilemethodologyensures continuousimprovementofAIservicesandenables quickadaptationtoindustryadvancements.

Forstartups,Ofersuggestsfocusingondevelopinga comprehensiveproductrangeratherthanasingle feature.Thisstrategyprovidesacompetitiveedge, simplifiesproductadoption,createsbarrierstoentry, andprotectsagainstthedisruptiveeffectsofnew open-sourcemodels.Byfollowingtheseinsights, aspiringAIprofessionalscanmakeameaningful impactintheindustry.

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A COMPREHENSIVE GUIDE TO INDUSTRY

The Next Big Industrial Revolution

Youmighthaveheardofthe

FourthIndustrialRevolution,or Industry4.0,whichbroughta waveoftechnologyandautomationinto ourfactoriesanddailylives.Butholdonto yourhatsbecausethere’ssomethingnew onthehorizon:Industry5.0.Moreover, it’slikethenextlevelofthegame, buildinguponwhatIndustry4.0started. Thus,theworldistalkingaboutIndustry 5.0,andit’stimetodivedeepto understandtheimpactitwillhave.Ifyou arewonderinghowitstandsoutfromits predecessor,Industry4.0,thecool technologiesdrivingit,andwhich industriesmightgetamakeover,well, we’reabouttoexploreitall!

Industry5.0vs.Industry4.0:What’stheBuzz?

Industry-5.0-vs.-Industry-4.0-What’s-the-Buzz

RememberIndustry4.0,thetech-savvyrevolutionthatbrought automationandconnectivitytotheparty?Well,Industry5.0takesthat upanotch.WhileIndustry4.0wasallaboutrobotsandmachines workingefficiently,Industry5.0inviteshumansbackintothemix.Itis liketransformingaone-persondanceintoaduet,wherehumansand machineswaltztogethertocreatesomethingamazing.

What’sDifferentAboutIndustry5.0?

What’sthedealwithIndustry5.0?Well,imagineIndustry4.0asa super-smartrobotdoingalltheheavyliftinginafactory.Itisefficient andall,butitismissingalittlesomething–thehumantouch.Industry 5.0stepsintobringthattouchback.Itisallaboutputtinghumansfront andcenter,workingtogetherwiththosesmartmachines.

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Picturethis:inanIndustry5.0setup,humansandrobots teamuplikesuperheroestocreateamazingstuff.People bringtheircreativity,problem-solvingskills,andthat warmfuzzythingwecallintuitiontothetable.Robots, ontheotherhand,bringprecision,speed,andtireless energy.Itislikeabuddy-copmoviewherethehuman detectiveandtherobotpartnersolvecrimestogether; theyeachhavetheirstrengths,andtogetherthey’re unstoppable.

WhyItMatters?

Now,youmightbewondering,whyshouldwecare aboutIndustry5.0.However,forstarters,it’sgotabig heartfortheplanet.RememberhowIndustry4.0made thingssuper-efficient?Similarly,Industry5.0takesita stepfurther.It’snotjustaboutmakingthingsfastand cheap;it’saboutdoingitinawaythatdoesn’thurtthe Earth.Thinkofitasafactorythatgrowsitsown vegetablesandusessolarpanelsforpower Therefore,it isnotjustmakingthings;it’sbeingagoodneighborto theenvironment.

Industry5.0isn’tjustaboutmakingfactoriesgreener.It isalsoaboutmakingsurethatwhentoughtimescome knocking(likeapandemicorasupplychainhiccup), theshowcanstillgoon.Itislikebuildingatreehouse thatcanswaywiththewindinsteadofcrumblingwhen abreezeblows.InIndustry5.0,factoriescanadaptand keepchurningoutproductsevenwhenthingsgetalittle rocky

HowcanIndustry5.0makeBusinessesandSociety Better?

So,wehavetalkedaboutthisfancyIndustry5.0thing andhowitisallabouthumansandrobotsteamingupto createcoolstuff.Butyoumightbewondering,what’sin itforbusinessesandtheworldaroundus?Well,the benefitsareprettysweet!

BenefitsforBusinesses

Youknowwhateverybusinesswants,right?Todo thingsbetter,faster,andwithoutbreakingthebank. That’swhereIndustry5.0comesinwithacapeanda superheroattitude.

• IncreasedProductivity:Withhumansandrobots workinghandinhand,thingscangetdonequicker

andwithfewerhiccups.Forinstance,thinkaboutit: robotscanhandlerepetitivetaskswithoutgetting tiredorcranky,leavinghumanstofocusonthebrainy stuff.

• Efficiency:Industry5.0setsupateamworksituation whereeveryone’sstrengthsareputtogooduse. Robotshandlethenitty-gritty,andhumansbring creativity.Itislikeatag-teammatchwhereeveryone wins.

• CostReduction:Industry5.0isn’tjustfunand games;itisaboutsavingthosepreciouspennies. Moreover,robotscanhelpcutdownonwasteand mistakes,whichmeanslessmoneygoingdownthe drain.Inaddition,withtasksbeingdonefasterand smoother,businessescansaygoodbyetounnecessary costs.

• Safety:Robotscantakeonriskyjobslikehandling hazardousmaterialsorworkinginextreme conditions.Thatmeansfeweraccidentsandmore peaceofmindforeveryoneinvolved.

BenefitsforSociety

Industry5.0isn’tjustawinforbusinesses;societygetsa front-rowseattotheawesomenesstoo.

• JobCreation:Rememberthosenewopportunities wetalkedaboutearlier?Well,that’sbecauseIndustry 5.0needssomeskilledfolkstokeeptherobotparty going.Thinkofitasachanceforpeopletolearnnew tricksandstayvaluableinthejobmarket.

• Sustainability:WithIndustry5.0’sfocusonbeing kindtotheEarth,we’relookingatagreener economy.Lesswaste,lesspollution,andmorehappy trees–whowouldn’twantthat?

• Resilience:Industry5.0isn’tjustafair-weather friend.Whentoughtimeshit,likeaglobalpandemic orasupplychainshuffle,thesesmartfactoriescan rollwiththepunches.Itislikehavingabackupplan thatnevergivesup.

ChallengesAhead

Now,itisnotallrainbowsandbutterflies.Thereareafew bumpsontheroadtoIndustry5.0greatness.

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Skills:Forbusinesses,Itisallaboutgettingtheir teamuptospeed.Thatmeansteachingemployees newskillsandhelpingthemadjusttotherobot revolution.Itislikeupgradingyourcharacter’sskills inavideogame–ittakestimeandeffort,butthe rewardsareworthit.

Investment:Newtechnologiesdon’tcomecheap, andbusinessesneedtobewillingtoputtheirmoney wheretheirrobotsare.Itisaninvestmentinthe future,butitrequiressomefinancialbravery

Ethics:Asrobotsbecomemoreintegratedintoour lives,therearequestionstoansweraboutthingslike privacy,fairness,andwho’sresponsibleifsomething goeswrong.Moreover,itislikethewildwestof Technology,andweneedsomedigitalsheriffsto keepthingsincheck.

HowisitEmbracingaPromisingFuture?

• TechnologiesoftheFuture:Artificial Intelligence(AI),theInternetofThings(IoT), and3DprintingaretheheroesbehindIndustry 5.0.Moreover,AIhelpsmachineslearnand makedecisionslikehumans(well,almost),IoT connectsgadgetsandgizmos,and3Dprinting letsusbringourwildestideastolife.Itislikea techdreamteam,andthey’reallworking togethertomakethefuturebrighter.

• IndustriesontheRadar:Thinkabout manufacturing–factoriesbuzzingwithrobots andhumansteaminguptomakeproductsfaster andbetter.Butitdoesn’tstopthere.Moreover, healthcaremightseesuper-smartrobots assistingdoctorsandnurses,makingsure patientsgettop-notchcare.Similarly, agriculturecouldbecomemoreefficient,with sensorsandAIhelpingfarmersgrowmorefood withlesswaste.Therefore,itislikegiving variousindustriesafancyupgrade.

• TheGovernment’sHelpingHand:Youmight wonder,what’sthegovernment’sroleinallthis? Well,governmentscanbelikecheerleaders, rootingforIndustry5.0tosucceed.Moreover, theycancreatepoliciesthatsupportthegrowth ofthesenewtechnologies,offerincentivesto businessesadoptingthem,andprovidetraining programstohelppeopleacquiretheskills

neededinthistech-poweredworld.Itislike havingamentortoguideyouthrougha challenginggamelevel.

• EthicalDilemmas:Ah,ethics–thetrickypart. AsIndustry5.0takescenterstage,itbringsalong afewmoralquestions.Like,who’sresponsibleif arobotmakesamistake?Howdoweensure robotstreateveryonefairly?Andwhatabout privacywhenmachinesknowsomuchaboutus? Thesearerealhead-scratchersthatneed thoughtfulanswers.Itislikeexploringuncharted territorywhereourvaluesandtechnology intersect.

TheImpact

Firstoff,itmightchangethewaywework.Moreover, imagineyourselfinafactoryoranofficewhererobots dotherepetitivestuff,andyougettouseyour brainpowertocomeupwithcoolideas.Similarly,it’s liketradingaboringchoreforanexcitingadventure. InAddition,Industry5.0couldcreatenewkindsof jobswehaven’teventhoughtofyet.Furthermore, somebody’sgottobuild,program,andfixthose robots,right?So,therecouldbeawholebunchof opportunitiesforfolkswholovetinkeringwith technology

Wrap-UpInaNutshell

Inanutshell,Industry5.0islikethetech-savvycousin ofIndustry4.0,andithassomefancynewmoves.Itis allaboutteamworkbetweenhumansandrobots, makingthingsinawaythat’skindtotheEarth,and beingtoughenoughtohandlewhatevercurveballsthe worldthrows.So,getreadyforafuturewhereyouand yourrobotsidekickmightjustchangetheworld–one awesomeinventionatatime!

Itisanamalgamationofhumansandmachines,driven byAI,IoT,andotherfancytech,promisingabrighter futureforvariousindustries.Governmentslendahand tomakeithappen,andwe’reallsetforanexciting ride.Butremember,aswestepintothisnewera,we alsoneedtoaddresssomeseriousquestionstoensure thatourdigitalpartnerbehavesethicallyand responsibly.Itisathrillingadventureintothefuture, wherehumansandtechnologywritethestorytogether

32|MARCH2024

Ann Frank

CEO CYVO Limited 34|MARCH2024

Transforming the Tech Landscape with Passion and Purpose

Incorporateleadership,onlysomeindividualsata youngagepossessthewealthofexperienceand profoundexpertiseAnnFrankbrings.Hailingfrom Mumbai,India,Ann’sjourneyhasbeencharacterizedby anunwaveringcommitmenttoexcellenceandadeeprootedpassionforHistory.Withadistinguisheddegreein HistoryandahighlyesteemedMarketingCertification fromtherenownedLondonBusinessSchool,Annhas honedherskillsandknowledgetobecomeaneminent figureinthebusinessoftechandcybersecurity

Withovertwodecadesofprofessionalexperience,Annhas leftanindeliblemarkonthecorporatelandscape,making significantcontributionstoesteemedcompaniesstarting withBarclays,IBM,EmaarProperties,TerexCorporation, andCNHIndustrial.Herexceptionaltrajectory demonstratesanabilitytonavigatediverseindustrieswith finesseandstrategicinsight.

SinceassumingtheCEOroleatCYVOLimitedinApril 2022,Annhasshowcasedexceptionalleadershipqualities, propellingthecompanytounprecedentedsuccessfrom productdevelopmentrightto-GoToMarketstrategy.Her unwaveringdedicationtodrivinginnovationand cultivatingadynamicworkculturehaspositionedCYVO Limitedasatrailblazerinitsfield.

Beyondherremarkableprofessionalachievements,Ann Frankisknownforherunwaveringintegrity,exceptional interpersonalskills,andsteadfastcommitmenttopositively impactingsociety.Herleadershiphasinspiredand empoweredcountlessindividuals,notjustinherteambut alsothroughamentorshipprogramthatsheispartof, fosteringabeliefthatsuccessisattainablethroughhard work,perseverance,andapassionforcontinuouslearning.

EmpoweringSecurity:AnnFrank’sLeadership Journey

AstheCEOofCYVOLimited,AnnFrankshoulders multifacetedrolesandresponsibilitiesthatshapethe company’strajectoryandensuresitssustainedgrowthand success.Attheforefrontofherdutiesisformulatinglongtermbusinessplansandestablishingastrategicvisionthat propelstheorganizationforwardwhileprioritizingcurrent

profitabilityandgrowth.Annnavigatestheever-evolving digitallandscapethroughherastuteleadership,anticipating markettrendsandcapitalizingonemergingopportunities.

InlinewithCYVO’scommitmenttosocietalobligation,Ann firmlybelievesineducatingthepublicaboutcybersecurity, dataencryption,andprivacy.Byadoptinganeducative approachinallcommunicationavenues,sheensuresthat CYVOprovidesthemostsecuredigitalsolutionsonthe marketandempowersindividualsandorganizationswiththe knowledgeneededtosafeguardtheirdigitalassetseffectively.

Beyondthestrategicaspectsofherrole,Annplaces significantemphasisonfosteringamotivatedanddriven organizationalculture.Recognizingtheimportanceofan inspiredworkforce,shededicatesherselftocreatingan environmentthatinspiresandempowersemployeesto performattheirbest.Througheffectivemanagementand leadershippractices,Annencouragescollaboration, innovation,andprofessionalgrowth,nurturingatalentedteam ofindividualsbasedacross3countrieswhodriveCYVO’s success.

Ann’sadaptabilityandproactiveengagementareparamount astheCEOofanindustrycharacterizedbyrapidchangeand evolvingtechnologies.SheensuresthatCYVOremainsatthe forefrontoftheindustrybyattractingandretainingtoptalent. Withanexceptionalteamofencryptionexperts,coders, designers,andindustryveteransworkingalongsideher,Ann leveragestheircollectiveexpertisetodelivercutting-edge solutionsthatsurpassindustrystandardscontinuously

TomakeCYVOthepreferredbrandintheindustry,Ann diligentlyoverseestheimplementationofgo-to-market strategiesandspearheadsproductlaunches.Sheensuresthat CYVOremainsaheadofthecurve,offeringinnovative solutionsthataddresstheever-growingdigitalsecurityand privacychallenges.

EmbracingtheRiseofYoungTechLeaders

Inrecentyears,thetechnologyindustryhaswitnessedthe emergenceofyoungleaders.Nowadays,beingyoungisno longerconsideredadisadvantage,unlikehowitwasduring

35|MARCH2024

Ann’stimewhenshestartedattheage of17.Infact,itisnowseenasanasset astheworldembracesthefresh perspectivesandboldideasthatyoung techinnovatorsanddisruptersbringto thetable.AnnFrankisoneofthefew youngCEOsintechwhohasthegolden mixofhavingyouthonhersideand overtwodecadesofhands-on experience.

Annbelievesthatthetechindustry’s transformativepotentialliesinthe handsoftheyouth.Sheisconfidentthat youngleaderswillshapethefutureof techwiththeirboundlesscreativity, courage,andinnateabilitytoharness emergingnew-worldtechnologiesand brazendigitalinnovation.AsAnnenters her40ssoon,sherepresentsanew generationofleaderswhoconfidently challengethestatusquo,generatenew ideas,andencourageotherstoembrace theirpotentialandexploretheendless possibilitiesofthefuture.

PioneeringCybersecuritySolutions foraDigitallyThreatenedWorld

CYVOLimited,officiallyregisteredin 2021,hasquicklyestablisheditselfasa trailblazerincybersecurityanddigital protection.However,thecompany’s journeybeganin2019whenits

dedicatedR&Dteams,spreadacross threecountries,embarkedonan ambitiousmissiontodevelopcuttingedgeproductsinresponsetothe escalatinggeopoliticalandcyberrisk landscape.Theurgentneedforrobust cybersecuritysystemsbecameapparent, compellingCYVOtocreateand implementsolutionsthatsafeguard individualsandcompaniesfrom operationaldisruptions,dataloss,theft, andcompromisewhileenhancingoverall security

AtthecoreoftheCYVOEcosystemlies anUltra-SecureOperatingSystem (OS)thatismeticulouslycuratedand designedtobeimpenetrable.ThisOS, integratedintoalaptop,incorporates variousadvancedsecurityfeatures.With fulldiskencryptionandaphysicalsolo keyloginwithacredentialchallenge accessstyle,CYVOensuresunparalleled protection.Moreover,theecosystem’s webbrowserblocksonline advertisementsandwebsitetrackersby default,protectingbrowserfingerprinting andfurtherbolsteringonlinesecurity.

CYVOalsooffersaphoneoperating system(OS)encompassingSecureChat andWalletfeatures,enablingusersto tradetopcryptocurrenciessecurelywhile onthego.Implementingmulti-tiered

quantumencryption,LUKS, AES256,andpatternsniffing protection,combinedwiththeTOR networktomaskIPaddresses, CYVOensurescomprehensiveuser protection.

Lookingtowardthefuture,CYVO hasambitiousplanstoreleasea UtilityTokenbytheendof2023. Thistokenwillbelistedonvarious exchanges,providinguserswith opportunitiesforstaking,earning, andutilizingtokenswithinthe ecosystem.Thecompanyenvisions ablockchain-enabledfuturewith additionaladd-onservicescurrently inthefeasibilitystudystage.These serviceswillcomplementthe existingecosystem,enhancingthe rangeofproductsandservices alreadyreleased.

CYVO’smarket-leadingproducts areundergoingthefinalstagesof externalauditsandcertifications, demonstratingthecompany’s commitmenttomaintainingthe highestsecuritystandards.With technologytwoyearsaheadof anythingelsereleasedinthemarket, CYVOstandsoutasaninnovator andleader

RevolutionizingCybersecurity withAI,ExtendedReality,and Blockchain

Annenvisionsthreetechworld trends:AI,ExtendedReality,and Blockchain.AI’snaturallanguage processingandmachinelearning advancementswillincreaseits prevalence.Annplanstoleverage AItoenhancecybersecurity measures,usingintelligentsystems forreal-timethreatdetection. ExtendedReality(XR), encompassingVR,AR,andMR, findsapplicationsingaming, medicine,andretail.

36|MARCH2024

AnnaimstoharnessXRtodevelop innovativecybersecuritytrainingand simulationsolutions.Blockchain’s decentralizedandsecurenature extendsbeyondfinance.Annseesits potentialincreatingtamper-proof systems,eliminatingtheneedfor trustedthirdparties.CYVOwill utilizetheblockchaintoensuresecure platformsanddataprivacy With cybercrimebecomingpervasive,Ann recognizestheurgencyforpractical solutions.CYVO’spost-quantum encryptedproductsaddressthis challenge.

BycapitalizingonAI,XR,and blockchain,CYVOstrivestocounter evolvingcyberthreats.Throughthese trends,CYVOempowersindividuals andorganizationstonavigatethe digitallandscapeconfidently.Ann’s visionaryapproachintegratesthese trendsseamlesslyintoCYVO’s offerings,revolutionizing cybersecuritywithstate-of-the-art solutions.

AchievingWork-LifeBalance: HarnessingSupportand EmbracingLife’sAdventures

Maintainingawork-lifebalance amidsttheever-evolvingtech industry’sdemandsisachallengeAnn Frankeffectivelymanages.While buildingandtacklingnewchallenges canbeexhilarating,Annbelievesthat achievingwork-lifebalanceis immenselyachievable,thankstothe supportofherunderstandingfamily

Annattributesasignificantpartofher successandgrowthtoherparentsand husband,whosupportherstrongly Recognizingtheimportanceof familialsupport,especiallyina dynamicWEB3/WEB4leadership environment,Annvaluesthe understandingandencouragementshe receivesfromherlovedones.

Apartfromherprofessional commitments,Annhasadeeppassion fortraveling.Sheseestravelasan opportunityforpersonalgrowth,asit impartssubtlelifelessonsand enrichesone’soutlookandthought process.Onegainsnewperspectives, ideas,andinspirationbyexploring differentculturesandmeetingpeople fromdiversebackgrounds.These experiencescontributetoleadership effectiveness,fosteringhumility, awareness,andcomfortwiththe unknown.

Annbelievesthatinfluentialleaders inspirethosearoundthemtostrivefor greatness.Byembracingthelessons learnedthroughtravel,Annfostersan environmentthatencouragespersonal andprofessionalgrowth,bothfor herselfandherteam.Thisapproach allowshertobalanceworkand personallife,leadingtoafulfilling andenrichedexistence.

KeyPrinciplesforAspiringTech Leaders

Drawingfromherexperienceinthe techindustry,Annoffersvaluable advicetoaspiringtechleaders lookingtomakeameaningfulimpact. Firstly,sheemphasizesthe importanceofself-confidence.Ann says, “Self-confidence stems from understanding one’s strengths, weaknesses, and core values.” By recognizingtheseaspects,aspiring leaderscanoperateauthentically,bet ontheirhardworkanddemonstrate resilienceinthefaceofchallenges. Thisself-beliefbecomesthe foundationforachievingtheirgoals andmakingalastingimpact.

Secondly,Annunderscoresthe significanceofmentorship.She encouragesaspiringleadersto activelyseekoutmentorswhocan provideguidanceandbroadentheir

perspectives.Thoughevenbasedin differentpartsoftheworld,mentorscan offerinvaluableinsightsandhelp individualsbelieveintheirpotential.By learningfromtheirmentors’experiences andbenefitingfromtheirsupport, aspiringleaderscannavigatethe industry’scomplexitiesmoreeffectively

Lastly,Annhighlightstheimportanceof humility.Inanever-evolvingtech landscape,disruptivetimescallfor transformationalleaderswhocan continuouslylearnandadapt.Ann emphasizesthatnooneknows everythingallthetime.Embracing humilityenablesleaderstocollaborate betterwiththeirteams,inspirerespect, buildtrust,andfosterhonest communication.Byrecognizingthat everyoneatthetablesharesacommon goal,aspiringleaderscanbringoutthe bestinthemselvesandtheirteams, drivingcollectivesuccess.

Disruptive times in our industry calls for transformational leaders that are able to learn and adapt from the teams and situations around them continuously “
37|MARCH2024

An Essential Guide to Know About Battery Technology and Its Innovative Advancements

38|MARCH2024

Batterytechnologyrevolutionizedmodernlife,

offeringportableenergyforgadgets, electronics,electriccars,andrenewableenergy storage.Advancementsincapacity,efficiency,andsafety havebeensignificant,drivenbyongoingbreakthroughs. Keygoalsarestrengtheningenergydensity,extending batterylife,andenhancingsafety Thisprogressenables eco-friendlysolutions,reducingfossilfueldependence andmitigatingclimatechangeimpacts.Thequestfor morepowerfulstoragecontinues,fromlithium-ionto solid-state,shapingasustainablefuture.

BatteryIndustryataGlance

Theglobalbatteryindustryisexperiencingrapidgrowth, projectedtobevaluedat$424billionby2030.This expansionispropelledbyfactorssuchasthesurging demandforelectricvehicles(EVs),thegrowthofthe renewableenergysector,andtheneedforenergystorage solutions.Amongthevarioussegments,lithium-ion batteries,aprominentbatterytechnology,standoutasthe mostextensiveandfastest-growingglobalbatterymarket. TheyfindapplicationsinEVs,laptops,smartphones,and powertools.Significantinternationalbatterymarket segmentsincludelead-acid,nickel-metalhydride,and sodium-ionbatteries.Lead-acidbatteries,widelyusedin cars,trucks,andUPSdevices,coexistwithotherbattery technologies.Nickel-metalhydridebatteriespowersome EVs,hybridvehicles,laptops,andportabledevices. Whilestillindevelopment,sodium-ionbatteries,another emergingbatterytechnology,showpromiseofbeing moreefficientandcost-effectivethanlithium-ion batteries.

Theglobalbatterymarketwillreach$178.3billionin 2023,upfrom$112.1billionin2021,withthelithiumionbatterysegmentaccountingfor57%ofthemarket. Thesurgeindemandforlithium-ionbatteries,akey batterytechnology,ispropelledbytheincreasing adoptionofEVs,withtheglobalEVmarketprojectedto reach12.3millionunitsin2023,upfrom3.2million unitsin2021.Thegrowthoftherenewableenergysector furtherfuelstheneedforbatteries,asglobalsolarand windpowercapacityisanticipatedtoreach2,300GWin 2023,upfrom1,200GWin2021.Developingnew batterytechnologieslikesodium-ionbatteriesalsocreates freshmarketopportunities,whiletherisingdemandfor energystoragesolutionsdrivesoverallmarketgrowth.

BatteryTypesandMarketValuation

Everygadgetinthemarketrunsonaspecificbattery.As batterytechnologykeptevolving,sodidthedevices.Thus, thebatterymarketisdividedintoPrimaryandSecondary Bothtypesareutilizedaccordingtotheircapabilities. Primarybatteriesbelongtofirst-generationbattery technology,whicharestillwidelyusedinseveraldevices withlessenergyneed.Secondarybatteriesaretheupgraded technologyinstalledinheavyormulti-purposedevices. Let'sexplorethemwiththeirmarketvaluationandgrowth predictions.

❖ PrimaryBatteries

Primarybatteries,whicharenon-rechargeableand disposable,playasignificantroleinpowering variousdevices.Alkaline,carbonzinc,andsilver oxidebatteriesarethemostcommonlyused.The primarybatterymarketiswitnessingsubstantial growth,drivenbytheincreasingdemandfor portableelectronicdevices,therisingpopularityof electricvehicles,andthegrowingneedfor batteriesinindustrialapplications.Theglobal primarybatterymarketwasvaluedat$16.4billion in2022andisprojectedtoreach$21.97billionby 2027,withacompoundannualgrowthrate (CAGR)of7.02%.

AsiaPacificleadstheprimarybatterymarket, followedbyNorthAmericaandEurope.Major playersintheindustryincludeEnergizerHoldings, Inc.,PanasonicCorporation,SonyCorporation, JohnsonControlsInternationalPLC,andDuracell International.Somenoteworthystatisticsabout primarybatterieshaveanaverage1-2years lifespan.Alkalinebatteries,themostcommon type,findapplicationsinflashlights,remote controls,andtoys.Carbonzincbatteriesareless expensivebuthavealowerenergydensity comparedtoalkalinebatteries.Ontheotherhand, silveroxidebatteriesofferahigherenergydensity butcomeatahighercost.

❖ SecondaryBatteries

Rechargeablesecondarybatteriesfindwidespread useindeviceslikelaptops,smartphones,and

39|MARCH2024

electricvehicles.Commontypesincludelead-acidbatteries, nickel-metalhydridebatteries,andlithium-ionbatteries. Thesecondarybatterymarketissubstantialandgrowing.It isvaluedat$79.56billionin2022andisprojectedtoreach $89.32billionin2023,withaCAGRof12.3%. Furthermore,itisestimatedtoreach$137.69billionby 2027,withaCAGRof11.4%.Themarketisdrivenbythe increasingdemandforportableelectronicdevices,the risingpopularityofelectricvehicles,andthegrowingneed forbatteriesinindustrialapplications.

AsiaPacificleadsthesecondarybatterymarket, followedbyNorthAmericaandEurope.Key playersintheindustryincludePanasonic Corporation,LGChem,SamsungSDI,BYD,and ContemporaryAmperexTechnologyCo.,Ltd. Severalstatisticsshedlightonsecondarybatteries. Theyhaveanaveragelifespanofaround5-10 years.Lead-acidbatteriesarethemostcommon type,whichpowersmanydevices,includingcars, trucks,andUPSdevices.Nickel-metalhydride batteriesfindapplicationsinsomeEVs,hybrid vehicles,laptops,andportabledevices.Lithiumionbatteries,withthehighestenergydensity amongrechargeablebatteries,areusedinlaptops, smartphones,andelectriccars.

ElectrifyingTrendsoftheBatteryIndustry

2023bringsforthseveraltrendsinbatterytechnology.One ofthemostpromisingemergingtechnologiesissolid-state batteries.Theyutilizeasolidelectrolyteinsteadoflithiumionbatteries’conventionalliquidorgel.

Advancedlithium-ionbatterieswithimprovedenergy density,safety,andperformancearealsounder development.Theyfindapplicationsinelectricvehicles, energystoragesystems,andconsumerelectronics.The focusliesonutilizingnewmaterialslikesiliconforthe anode,developinginnovativeelectrolytes,andrefiningthe manufacturingprocess.

Flowbatteriesaregainingattentionastheyemployliquid electrolytes,makingthemsuitableforlarge-scaleenergy storageapplications.Theirnotablefeaturesincludealong lifespan,highefficiency,andscalability

Nanotechnologyplaysapivotalroleinbatterytechnology, facilitatingthedevelopmentofmaterialswithsuperior properties.Electronswithhighersurfaceareascanbe createdbyutilizingnanoparticles,resultinginincreased

energydensity

Asthedemandforbatteriescontinuestorise,battery recyclingisbecomingincreasinglyimportant.Effortsare underwaytodevelopmoreefficientandenvironmentally friendlyrecyclingtechnologies.

Additionaldetails:

● Thedemandforlithium-ionbatteriesisexpected tosurgefrom330GWhin2022to2TWhby 2030,highlightingthegrowingneedforthis batterytechnology.

● Over200companiesareactivelydevelopingsolidstatebatteries,andcommercializationofseveralof thesebatteriesisanticipatedsoon.

● Theapplicationofnanotechnologyinbatteries enablesimprovedproperties,includinghigher energydensityandlongerlifespan.

● Theglobalbatteryrecyclingmarketisprojectedto growfromUSD10billionin2022toUSD25 billionby2030,indicatingtheincreasing significanceofrecyclingefforts.

Thesedataandstatisticsprovideaglimpseintothetrends shapingthebatterytechnologylandscape.Asdemand continuestosoar,furtherinnovationsareexpectedtodrive thefieldforward,leadingtomoreefficient,sustainable,and high-performingbatteries.

FutureofBatteryTechnology

Thefutureofbatterytechnologyholdsimmensepromiseas researchersandinnovatorsexplorenewavenuestoenhance energystorageandrevolutionizehowwepowerourdevices andvehicles.Inrecentyears,significantprogresshasbeen madeindevelopingvariousadvancedbatterytechnologies thatofferimprovedsafety,efficiency,andenergydensity comparedtotraditionallithium-ionbatteries.

● Solid-statebattery

Unlikeconventionallithium-ionbatteriesthatuse liquidelectrolytes,solid-statebatteriesemploy solidelectrolytes.Thisdesignmakesthemsafer andlesspronetooverheating,asignificantconcern

40|MARCH2024

withcurrentbatterytechnology

Additionally,solid-statebatterieshave thepotentialforhigherenergydensity, enablinglonger-lastingandmore powerfulenergystoragesolutions.

● Graphenebattery

Graphene,aone-atom-thick layerofcarbon,possesses remarkablestrengthand conductivity Thismakesitan idealmaterialforbattery anodes,leadingtofaster chargingtimesandincreased energystoragecapabilities. Graphenebatteriescouldbea game-changerforelectric vehiclesandportable electronics,offeringrapid chargingandlongerbattery life.

● Sodium-ionbattery

Sodium-ionbatteriesarealso gainingattentionduetotheir potentialcost-effectiveness. Unlikelithium,sodiumis abundantandwidely available,potentiallymaking sodium-ionbatteriesmore economicaltoproduceona largescale.Aswetransition tomoresustainableenergy solutions,sodium-ion batteriescouldbecrucialin meetingenergystorage demands.

● Air-ionbattery

Air-ionbatteriespresent anotherintriguingprospect, usingairastheelectrolyte. Thisuniqueapproachreduces thebattery'sweightand makesitmoreportableand environmentallyfriendly Althoughair-ionbatteriesare

stillintheearlydevelopment stages,theyhavethepotentialto offerefficientandlong-lasting powersourcesforvarious applications.

● Metal-airbattery

Metal-airbatteriestakeadifferent approachbyutilizingmetalasthe anodeandoxygenasthecathode. Thesebatteriespromise significantlyhigherenergydensity, whichcouldleadtoextended drivingrangesforelectricvehicles andlongerdurationsbetween chargesforportabledevices.

● Aluminum-airbattery

Amongmetal-airbatteries, aluminum-airbatteriesstandout fortheirhighenergystorage potential.Usingaluminumasthe anodeandharnessingoxygenfrom thesurroundingairasthecathode, thesebatteriescouldstoremuch moreenergythantraditional lithium-ionbatteries.However, theyarestillundergoingresearch anddevelopmenttoovercome challengesandoptimizetheir performance.

Batterytechnologydrivesadvancementsin variousindustries,transforminghowwe powerdevices,vehicles,andcommunities. Growingdemandforportableelectronics, electricvehicles,andrenewableenergy fuelsdiversebatterydevelopment.The evolvingtechnologywilladvanceelectric mobility,renewableenergyintegration,and storage.Withongoingresearch, collaborations,andinvestments,batteries willplayapivotalroleinasustainable world.Embracingbatterypotentialcan contributetoacleanerfuture.Thejourney toagreenerworldpoweredbyinnovative batterieshasjustbegun,andpossibilities areboundless.

41|MARCH2024

How Positively Handling THEWORKPLACE Changein

Canturnto YOUR

ADVANTAGE?

HARRISON AMIT

CRAFTING A FAIR FUTURE FOR THE RIDESHARE INDUSTRY WITH INNOVATION AND CARE

Inthepast,CEOsprimarilyfocusedon generatingprofitsandsatisfyingshareholders. Nowadays,theyalsomustestablishconnections withemployees,customers,andthecommunity.This entailssteeringthecompany’svalues,ensuring inclusivity,andfosteringthecompany’slong-term sustainability Astimeprogresses,thecallforchange intensifies.Wehadtheprivilegetointerview HarrisonAmit,theFounderandCEOofHOVR, anentrepreneurfromthenewgenerationwho ardentlyengageswithmarketdemands.Harrison AmitexemplifieshowtheroleofaCEOhasevolved.

Previouslyresemblingamanager,hehasnow transformedintoavisionaryleader

LaunchingarevolutionasaCEOnecessitatesa coherentstrategy,steadfastconvictions,and extensiveindustryknowledge.ForHOVR,the objectivewastointroducefairnessintotherideshare business.InhiscapacityasCEO,Amitservedasa rolemodel,championednovelconcepts,and attentivelylistenedtograssrootsvoices.This collectiveeffortresultedinsubstantial transformations.

44|MARCH2024

Founder and CEO

CareerTransitionfromHealthcareto Technology

HOVR

Founder and CEO

Educationfuelsgrowthandguidesustoour intendeddestination.However,Amit’sjourney tookadifferentcourse.ItbeganwithaBScin APHNfromMountSaintVincentUniversity andlatershiftedfromthehealthandwellness sectortothetechindustry Afterwitnessingthe profoundimpactoftendingtobothphysical andmentalwell-being,heenteredthe technologyrealm,drivenbyinnovation.Amit

explains, “In tech, things are led by innovation. What I came to realize in more recent years is that there is still room for improvement in the business models surrounding these innovations.” Thedisparitiesintheridesharesector capturedhisattention.Thisawarenesspromptedhimto establishHOVR,aplatformwiththegoalofcreatinga fairerrideshareindustryforbothdriversandriders.

RideHovrCorporation:SettingNewStandards

Foundedin2020,HOVRfeaturesadistinctivedriver membershipstructureandreducedplatformfees.This

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arrangementensuresthatdriversreceivetheir completefare,allowingthemtoclaim100%of thefare—anindustryprecedent—while simultaneouslyofferingriderscost-effective rates.Thisdual-sidedtransformationenhances theriderexperienceandamplifiesdriver earnings.

Nonetheless,penetratingamarketdominatedby industrygiantspresentsanongoingchallenge. Theinitialforayintosuchanarenapresents numerousobstaclesfornewandsmallerplayers. However,prioritizingtransparency,delivering top-tierservice,andgenuinelycaringfordrivers andridersgraduallyfosterstrust.Thisunique approachhassolidifiedtheirpositionasthey approachthelaunchphase.

Whenitcomestobusinessexpansionand cultivatingtrustwithinthecommunity, prioritizingcustomersatisfactionremains paramount.Consequently,HOVRadheresto customer-centricpolicies.Amitaddressesthis, stating, “We rely on feedback loops, regular driver-rider engagement programs, and a robust customer support system to ensure maximum satisfaction.”

SteeringStartupSuccessbyAligningPurpose withEndeavors

Runningastartupduringitsearlygrowthstages isachallengingendeavor.Thefounderandtop managementbeartheprimaryresponsibilities. Amitencountersasimilarsituation.Inhisroleas astartupCEO,hesupervisesvariouscompany divisionsandoverseesgeneraloperations.He focusesonshapingHOVR’sstrategies,forging partnerships,andaligningactionswiththe mission.Additionally,Amitstates, “We are providing the platform, but the drivers are the heartbeat of the organization. Hence, I personally feel responsible for thousands of drivers’ livelihoods and their family’s well-being as well.”

DiverseExpertisetoFosteraCultureof Growth

Whenaimingforasuccessfulbusiness,specific elementsmustaligninsequence.Tooperate

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flawlessly,ateamofexpertsin appropriatepositionsisessential. Thisformulaisvitalforstartups, wherefindingtherightpersonat therighttimecanbechallenging. Here,Amitreveals, “Our team is a blend of tech enthusiasts, hospitality professionals, talented marketers, decorated operators, and industry veterans. I ensure their motivation by fostering a culture of recognition, continuous learning, and genuine care for their well-being.”

PlansAheadforExpansion

Runningastartupdemandsa proactiveapproachonmultiple frontsforbusinessexpansion. Nevertheless,theseactionsneedto befeasiblyattainable.Asaresult, breakingdownthevisioninto achievableshort-termtargets becomesessential.Whenasked aboutRideHovr’sfutureplans, Amitremarks, “Professionally, I hope to see HOVR expand to new cities in the GTA (Greater Toronto Area). As for upcoming services, expect some tech integrations to enhance rider safety and some enhancements to the in-ride experience.”

LifebeyondtheCabin

Workisacontinuouspartoflife thathelpsusmoveforward. However,itisimportanttofinda balanceduringthistime.While thismayseemchallenging,it's achievablebyfollowingcertain principles.ThisCEOstandstallat 6'5"andhisworldextendsfar beyondtheoffice.Heisa basketballenthusiastwhoapplies thesport’steamworkandstrategy tohisbusinessapproach.Beyond thegame,heisarelentless innovator,craftingideastouplift

“We believe that drivers should be paid fairly for their work, and riders should be able to access affordable and convenient private transportation.”

humanity’sfuture.Hisjourneyblends entrepreneurialzealwithslam-dunk impact,inspiringbothboardroomsand communitycourtsalike.

Amit'spersonalgoalistostrikea betterbalancebetweenworkandlife. Inadditiontohisregularworktasks, he’spassionateaboutlearning,music, sports,andtryingnewthings. Healsoshares,“Iplayanumberof instrumentsasahobbytokeepthe mindsharp.ItrytobeasactiveasI can,andIalsotaketimetoexplore differentculturesfromaroundthe world,whichhelpsmeunderstand differentperspectivesthatIoften incorporateintomyleadershipstyle.”

AdviceforAspirants

Aninspiredentrepreneurpossesses theabilitytoinfluenceandmake positivechanges.Reflectingonthis, Amitoffersvaluableadviceforthose aspiringtobecomeentrepreneurs.He states, “Stay authentic, never stop learning, and remember that true success comes from making a positive impact in the lives of others.”

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“Always

stay focused on your goals and vision without compromising your ethical values,” concludes Karl

An Icon of cellence driving Multifold Growth arehouse utomation Industry

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Karl Friesenbichler

Karl Friesenbichler

Meettheexhilaratingleader andanA.I.nerd,Karl Friesenbichler CEO ,the of Atrue dereOidaPtyLtd entrepreneuratheart,Karl’svisionfor supplychainmanagementand thewarehouseautomation industryisexceptional. Givingwingstohis passion,Karlbuilthis brainchildwithhis knowledgeand experience.Hisabilityto takerisks,dealwith multiplechallenges,and translatethehighlycomplex processesofsupplychainmanagement andwarehouseautomationintoa languageeverybodyunderstands makeshimstandoutfromothers.He findscustomizedsolutionsforevery projectandchallengehefaces.

“I was drawn into the warehouse management industry very early during an internship in the United Kingdom. I developed one of the first applications to allow retail stores to trigger replenishment from warehouses via a small handheld scanning terminal and a modem,” Karladds.

Automated Systems Control

“The intricate dance of goods flowing through a business’s supply chain immediately attracted me and became my passion. Even after twenty years, this industry will keep you on your toes as it is ever-changing,” Karl continues.

CreatingaSolution,Layinga Foundation,andBuildinga Legacy

AnInternshipthatTurnedintoa Full-FledgedCareer

Karlgraduatedwhenhewas17and decidedtotravelandexperienceother culturesandlanguages.Whileabroad, hedidaremotedegreewhileworking full-time—somethinghedoesn’t recommendtoeveryone.

Karlsharesthestoryof thecompany’sinception anditsmissionandvision.

andautomationinawarehouse.He wasfrustratedwiththefactthat differentsoftwarecontrolsystemswere requiredtomanageautomationin additiontothewarehousemanagement system.Karlthought,“Whynothavea singlesourceoftruth?”Thus,theidea ofa“UnifiedControlSystem”was born.

Initially,thecompany’sproduct, doWarehouse,wasdevelopedasa hobby,withthefirstversionbeing goodbutnotgreat.Afterlearningfrom thefirstversion,theteamdeveloped version2,whichtheyknewwas outstandingandwouldprovidereal benefitstocustomers.

Flexible workflows

Foundedin2018,dereOida cameintobeingoutof necessity,asKarlwasworking foraglobalplayerinhisindustryand noticedaneedforasuperiorsoftware producttomanageprocesses,people,

Thecompany’svisionisto eliminatehumanerrorand warehouseandlogistics issuesandimprove accessibilityto productsforeveryone.

Themissionof dereOidaistocreate thebestproductinthe industry,withateam dedicatedtodriving innovationandexcellencein everythingtheydo.

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Future-ProofWarehouseOperations

Karlassertsthattheeraofinflexiblewarehouse managementsystemsthatcannotbemodifiedor canonlybemodifiedatasignificantexpenseis over.Instead,businessesrequireasystemthat swiftlyadaptstoevolvingbusinessconditions andneeds.Heemphasizestheimportanceof havingadynamicandagilesysteminplace thatcanproactivelyrespondtothechanging demandsofthemarketplace.

Thecompanyfocusesonprovidingawarehouse managementsuitethatcaterstotheneedsof customersseekingafuture-proofsolutionfor potentialautomationorthosewhorequireasoftware suitetounifydistinctareasoftheirwarehousethat arealreadyautomated.Theirtargetaudienceisnot limitedtoaparticularindustrybutrather encompassesanybusinessthatneedsa comprehensiveandadaptablesolutiontooptimize theirwarehousemanagement.

ByofferingthedoWarehousesoftwaresuite,whichis bothversatileandimpartial,thecompanyempowers itsclientstopromptlyadjusttoshiftingbusiness conditionswithoutcompromisingtheirservice standards.Ultimately,itcomesdowntohavinga trustworthyallywhocandeliveraproductthatcan seamlesslyconformtotheevolvingneedsoftheir clients.

SimplifyingWarehouseManagement

AttheheartofdereOida’sofferingsistheirunique product,doWarehouse,whichcombineswarehouse managementfunctionalitywithagnosticwarehouse control.Unliketheir competitors, customerscanuse onesoftware productto manage theirmanual warehous eoperations and control automati on, includin g conveyo rs,ASRS(or AMR) systems,and other solutions.

Process execution control

OneofthekeybenefitsofusingdoWarehouseisits abilitytocontroldifferentautomationvendorswithin

Process execution control

onewarehouse,providingcustomerswithacosteffectivesolutiontomanagetheirwarehouse processes.dereOida’ssolutionisdesigned withfulltraceabilityandtransparency, enablingcustomerstoseetheactualcost ofanytaskconductedinrealtime.This featurecanbetracedbacktoaspecific workstep,order,orderline,oruser, providingoneofthemostpotenttools forcontinuousimprovement.

Furthermore,doWarehouseisalsodesigned tobeconfigurable,allowingcustomersto changeprocesseswithoutincurringadditional softwarechanges.Thisflexibilityiscrucialto adaptingdoWarehousetoever-changingbusiness requirements,therebyavoidingthecostofsoftware changes.

DecodingtheRoleofanEntrepreneur

AstheCEO,Karlbelievesthatyouareresponsible foreverythinginyourbusiness.Inhisjourney,hehas beenfortunatetohaveterrificmentorsontheway andlearnedearlyonthatyouneedtobuildateam aroundyouthatcomplementsyourskillsetandtrust themtodotheirjob.

Today,Karlseeshimselfmoreasacoachthana businesscaptain,enablinghisleadershipteamtolead thebusiness.

RealAccomplishmentsareBeyondAwards

Whenitcomestoachievements,hismostsignificant achievementisfoundingdereOidaandseeingthis businessgofromideatomultinationalplayer Asfor accomplishments,heinsteadcallsthemexperiences; speakingataUnitedNationsconferenceinCambodia onhowsupplychainandlogisticsautomationcan transformlabormarketsinemergingeconomies comestomind.

Nowadays,hegivesbacktoemergingtalentsinthe warehousemanagementindustrybysharinghis experienceandknowledgeandguidingthemintheir path,whichisalsoveryrewardingforhim.

Karl’sPerspectiveonGlobalBusinessLeadership

Thecurrentscenarioofglobalbusinessleadershipis

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dynamicandconstantlyevolving,drivenbyfactors suchasglobalization,technology,changingcustomer preferences,andgeopoliticalshifts.Leadersneedto adapttothesechangesandnavigatetheir organizationsthroughuncertaintyand disruption.Theyneedtobeagile andinnovativeandhaveaclear visionofwheretheywanttotake theirorganizations.

Multiple warehouses

Tostayrelevantamidstchanging leadershipstyles,itisessentialto keeplearningandupgradingyour skills.Leadersneedtobeawareofthe latesttrendsandbestpracticesintheirindustry andbeyond.Theyshouldalsobeopentonewideas andperspectivesandbewillingtoexperimentand takerisks.

Networkingandbuildingrelationshipswithpeersand mentorshelpKarlstayrelevant.Helearnsfrom others’experiences,exchangesideas,andgainsnew insightsintohisleadershipapproach.

Leadersshouldfocusondevelopingtheiremotional intelligence,empathy,andresilience.Theyshouldbe abletoconnectwiththeirteams,buildtrust,and motivatethemtoachievetheirgoals.Theyshould alsobeabletomanagetheirstresslevelsandadaptto change.

StayingProactiveisaMassiveAdvantageforthe LongerRun

Beingproactiveisacriticaltraitforanyleader, particularlyintoday’scompetitivebusiness environment.Proactivityallowsleaderstostayahead ofthecompetition,makebetterstrategicdecisions, andensurethattheirorganizationispreparedfor whateverthefuturemaybring.Italsoenablesthem toidentifyopportunitiesthatothersmightmissand takeadvantageofthembeforecompetitorscan.

TheArtofWork-LifeBalance

Maintainingagoodwork-lifebalancerequiresdaily effort.Itistemptingtoleantowardswork,especially ifyouleadastartup.Makingtheconsciousdecision nottoworklatehoursandallowtimeforfamilyand friends,aswellassports,helpsKarltobalancehis busyschedule.LivinginSydney,heisoftenoutdoors

andlikestoexplorenatureinandaroundthecity

Karl’sImpeccablePieceofAdviceforBudding Business

Leaders

Asadecoratedleaderwithawealthofexperience, Karlimpartsvaluableadvicetoaspiringbusiness leaderswhoyearnforsuccessintheirchosen fields.Hebelievesbuildingacompetentteamthat complementsone’sskillsetandsharesthesame visionandgoalsiscrucial.Headvocatesembracing innovationandbeingopentochangesintheindustry astheworldisconstantlyevolving.

Furthermore,Karlunderscoresthesignificanceof continuouslearningandcultivatingacurious mindset.Hesuggeststhatonecangainvaluable insightsfromotherleaders’adviceandexperiences, servingasatreasuretroveofleadershipideas.

Local language supported

“do Warehouse is the key ton successful warehouse control through automation, enabling educated decision-making, accurate insights, and accelerating business growth.”
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