The future of IT & AI

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 In the not-so-distant future, the world of IT will have undergone a seismic shift. Gone were the days of traditional employment, where companies hires full-time employees to fill specific roles. Instead, the gig economy had taken over, and IT professionals will be embracing the freedom and flexibility that cames with freelancing. Companies had caught on to the benefits of project-based hiring, where they could tap into a global talent pool and scale up or down as needed. Job postings  floated online, and skilled freelancers would bid on projects that matches their expertise. Seasoned IT professionals, making the transition to freelancing in these  years, builds reputations on these  platforms like Toptal and Upwork, and their calendars will always be filled with exciting projects. Skilled  IT engineers helps big compernies to launch their new products. Their projects, some  complex, with tight deadlines, and the clients willing to pay top dollar for the ri...
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Manchester City losses halve

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Manchester City Manchester City won the Premier League for the first time in 2011-12

Business of Sport


Manchester City has revealed that its financial losses for 2011-12 have halved from a year earlier.

The Premier League champions announced a pre-tax loss of £93.4m, down from £189.6m in 2010-11.

Revenues increased 51% to £231.1m, with the club's first appearance in the Uefa Champions League contributing more than £22m in new revenue.

The club's sponsorship deal with Etihad Airways helped commercial partnership revenue double from £48.5m to £97m.

City's operating loss also improved from a record £194.9m to £104.1m.

Uefa's Financial Fair Play rules, which say clubs must break even over three years, come into full effect in 2013-14.
Investment impact
City was acquired by Sheikh Mansour of Abu Dhabi in 2008. In its annual report, the club said it had undergone a "significant period of investment" since then. Over that time, it has spent about half a billion pounds on new players.

"The club's performance in the 2011-12 reporting period demonstrates the tangible and positive impacts of that investment across many areas of our operations," it said.

It added that its player recruitment strategy had transitioned from one of rebuilding to one of refinement.

"With a relatively young squad that has won an FA Cup and a Barclays Premier League in consecutive seasons, our recruitment needs have been reduced.

"As a result, the amortisation of player contracts and the net impact of player trading on the club's bottom line has decreased by 27% (£30.3m) over the previous year, consistent with our belief that the peak of the club's investment in its playing squad has passed."

The club's wage bill increased to £178.2m from £153.7m the previous year.

That covered 237 football players and staff and 239 commercial and administration staff.

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