Business Library News
William C. Gast Business Library News & Events
It's the week of Thanksgiving, which means it's time to start shopping!
According to the National Retail Federation, "Consumers say they will spend an average $1,007 on gifts, decorations and more this holiday season." And while many holiday shoppers will invariably wait until the last minute, online shopping and same-day delivery have made last-minute purchases even easier.
"Confidence is near an all-time high, unemployment is the lowest we've seen in decades and take-home wages are up. All of that is reflected in consumers' buying plans" - National Retail Federation, CEO...Continue reading "What's for Christmas?"...
Blockchain’s burgeoning popularity in the business world has attracted a lot of attention, but Blockchain currencies have also attracted a lot of hackers.
Cybersecurity firm CipherTrace estimates that the theft of digital currencies through the hacking of exchanges and trading platforms in 2018 amounts to $927 million. In September, hackers stole an estimated $59 million from Japanese cryptocurrency exchange Zaif. According to Reuters, Crypto exchange hacks are already 250% higher than throughout all of 2017.
"Increased fraudulent activity and attention of hacker groups to ...Continue reading "Hacking Blockchain"...
According to PwC, "Financial technology—FinTech for short— describes the evolving intersection of financial services and technology. The term can refer to startups, technology companies, or even legacy providers."
FinTech helps companies manage financial operations and processes. The term has become synonymous with all things finance; however, FinTech market segments generally encompass:
digital payments (Ex. PayPal; Google Wallet)
alternative financing (Ex. Kickstarter; Indiegogo)
alternative lending (Ex. LendingClub; Prosper)
personal finance (Ex....Continue reading "What is FinTech?"...
You've heard of IBISWorld for industry research, but have you heard of ProcurementIQ?
ProcurementIQ is a division of IBISWorld that helps purchasing professionals and supply chain researchers gain valuable insight into almost any product or service category.
Procurement research reports provide essential data on topics like pricing dynamics, product characteristics, supplier benchmarking, supply chain risks, and negotiation questions and tactics.
Similar to other Gast Business Library resources, ProcurementIQ also provides independent data and analysis from trusted...Continue reading "ProcurementIQ for Supply Chain"...
Formatting citations in a style like APA is a standardized means of giving credit to the person or company who created the content you use. If you've written an academic paper, or even a case study, you've probably been asked to cite your sources.
The citation style usually depends on the academic discipline involved. For example:MLA style (Modern Language Association) is typically used by the Humanities APA style (American Psychological Association) is commonly used by Education, Psychology, and Business Chicago (University of Chicago) is generally used by History and some of... Continue reading "Citing Business Information"...
If you're an entrepreneur, you've probably heard of PrivCo.
PrivCo is often considered the authority on private company financial data. The database provides coverage on more than 940,000 privately held firms, 19,000 investors, and 154,000 funding rounds, and it's one of over 100 databases that the Gast Business Library subscribes to.
Recently, PrivCo added an additional 100,000 executive contacts! They've also improved export functionality within the database, and they're continuing to add and iterate private market content for researchers, entrepreneurs, and anyone who may...Continue reading "The Bloomberg of Private Companies"...
According to Forrester Research, Business Intelligence is "A set of methodologies, processes, architectures, and technologies that transform raw data into meaningful and useful information…”
One resource which transforms raw data into meaningful information is called Passport GMID.
Passport GMID provides information on countries, companies, markets and consumers. It provides comparable statistics for more than 200 countries, including economic indicators, health, consumer spending, lifestyles, and more.
This MSU Libraries database also provides valuable brand share...Continue reading "Brands in the World"...
Home to just over 10 million people, Michigan’s 14 metropolitan regions are supported by a host of industries, including construction in Kalamazoo, information technologies in Ann Arbor, and financial services in Detroit.
How good is Michigan for business though?
According to a 2018 study from CNBC, Michigan ranks 11th out of all 50 states for business, and 3rd for technology and innovation. The fastest growing careers in the Great Lakes State include: Health Specialties Teachers (+25.4%), Physician’s Assistants (+30%), Software App Developers (+31%), and Nurse Practitioners...Continue reading "Michigan for Business"...
Been on a plane lately?
Last month, Mintel Academic released it's 2018 - Airlines in the US Report.
According to Mintel, "The surging price of [airline] fuel is impacting profit margins and encouraging airlines to raise fares."
Although there are currently over 5000 airlines with ICAO codes, there are just four domestic airlines which control roughly 72% of the U.S. market for air travel. American Airlines, now the world's largest airline, says that its fuel is "about 25% more expensive compared with the prior year, an increase that has added $412 million to its costs...Continue reading "New Mintel Reports"...
The emergence and rise of the internet and adaptive technologies have dramatically changed the environment in which businesses and consumers coexist. This year’s undergraduate initiatives at the Broad College will largely revolve around supporting initiatives which prepare students for the new digital economy.
“By 2020, the number of devices connected to the internet could surpass 50 billion. That’s seven devices for every human."– Bertelsmann Foundation
“In 2015, worldwide 12 zetabytes of data was created globally. The number is forecast to reach 163 zetabytes in 2025.”–...Continue reading "The New Digital Economy"...