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3 Ways AI is Empowering Real Estate Entrepreneurs  

In the last year, much has been written about how artificial intelligence (AI) is poised to upend virtually every industry you can name. Some see it as the “silver bullet” they’ve been waiting for on their quest to work smarter, not harder. Others fear that it may be a technological innovation that we ultimately cannot control – one that will eventually replace human jobs with automation to the detriment of us all.

While it’s difficult to say how AI will play out in the long-term, in the near future, artificial intelligence should be seen for what it really is: a productivity adrenalin shot in the best possible way. This is particularly true in terms of real estate investing, which is a notoriously time-consuming affair.

Think about everything one must devote themselves to for a successful real estate career. They need a deep understanding of the market – including not just where it is but where it has been and where it might be going. They need to wade through countless property listings until they find the right ones that meet their unique investment strategies. The list goes on and on.

Artificial intelligence can help with all of this, freeing up valuable time for real estate entrepreneurs so that they can focus on more important matters. In fact, AI is already empowering those entrepreneurs right now in a wide range of different ways, all of which are worth a closer look.

Actionable Information at Your Fingertips

One of the major ways that AI in real estate empowers young entrepreneurs has to do with the wealth of information it gives them access to in real-time.

Think about the sheer amount of human error you could be exposed to when performing something as seemingly straightforward as market analysis. Not only do you have to make sure your data comes from high-quality sources, but you also have to interpret it correctly. You need to be in a position to act on it, and you need to make informed choices when doing so.

AI algorithms can analyze massive volumes of data – far more than a human ever could. Not only will they be able to quickly verify trends and patterns in terms of things like property values, but they’ll do so with greater accuracy than even a team of people likely could.

You’re left with instant insight, illuminating the path you need to take to accomplish your investment goals. Is it impossible to get to this point without AI in real estate? Absolutely not – but it’s far easier and more efficient to lean into what technology has to offer.

Incredible Time-Savings

Another major way that AI in real estate empowers entrepreneurs is due to the sheer amount of time it can help someone save.

Think about how inherently complicated a traditional real estate transaction can be. Now, double that amount of effort within the context of wholesale real estate. This is because you’re now working with a buyer and a seller, as opposed to just one or the other.

If you already have a seller and know about the property in question, AI in real estate can help you finely target your marketing to get it in front of the people who are most likely to be interested as quickly as possible. In a situation that already has razor-thin profit margins, artificial intelligence can save as much time – and thus money – as possible. This helps to not only create that perfect situation that is beneficial to all parties, but it does so in a more cost-effective manner than ever. This preserves as much money as possible to go directly into your own pocket as profit.

The Property Management Advantages

There are those investors out there who are in it for the long game. They’re not just trying to buy a property to flip. They want to own, rent, and manage it to create passive income for themselves or boost their portfolio. This is another area where AI in real estate can absolutely come in handy.

Using sophisticated artificial intelligence-driven systems, it’s never been easier to monitor the conditions of a property. You can even see things on a unit-by-unit basis if you’re talking about a multi-family home like an apartment. You can predict maintenance requirements to fix small problems now before they become larger, more expensive ones later. You can take steps to reduce energy use and related costs, creating more profit for yourself. You can even allow AI to help with customer service to create a better tenant experience – something that will keep people satisfied, vacancies low, and your return on investment ultimately as high as it can go.

AI: Another Tool in Your Toolbox

In the end, it’s important to remember that in real estate, in particular, the one thing you’ll never be able to automate is a relationship. If you’re a seller, you need to find the right buyer and get them to trust you. If you’re a buyer, you need a seller. Wholesale real estate professionals need to forge two relationships to create a single positive outcome for everyone. All the innovative real estate software in the world will never change that.

But by freeing up their valuable time, artificial intelligence is ultimately empowering seasoned real estate entrepreneurs to do precisely that. They don’t have to spend countless hours pouring over historical data to determine which trends are on the rise and which are about to fizzle out. They don’t have to sink hours into examining properties until they find the best match for what they’re trying to accomplish. AI can do this with a fraction of the time and effort it used to require, all while generating results that are more accurate than a human is likely capable of.

This doesn’t mean real estate investment gets easier or that you can run your career on autopilot. It simply means that you’ve been gifted with more hours in a day to focus on what matters most: creating those mutually beneficial relationships. That’s an exciting position to be in regardless of how long you’ve been investing, and it’s something that was only possible thanks to the advent of artificial intelligence as we know it.

Featured Image by Austin Distel on Unsplash

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How to Land the Web Development Job of Your Dreams

If you’re looking for a fulfilling, lucrative career in tech, you can’t do much better than being a web developer. There’s just one issue: It’s extremely competitive. To snag your dream job, you’ll need more than just skills and desire. You’ll need to differentiate yourself during the entire interviewing process from making sure your resume gets noticed to wowing interviewers and employers into making an offer. 

Despite the challenges of landing a web development position, it can be well worth the effort to try. The U.S. News & World Report has listed “web developer” as the seventh-best STEM sector occupation and the ninth-best overall career. And those rankings aren’t likely to wane anytime soon. Employment opportunities for web developers are expected to grow significantly until at least 2031. At an average salary range of around $81,000, that’s a reason to get into the web developer game.

Ready to stand out as you pursue the web developer path? Put these innovative techniques into motion and you’ll position yourself for the outcome you want.

1. Ditch your old-style, single-template resume.

You might already know that plenty of companies rely on software programs to sift through the resumes they receive. Typically, those programs evaluate applicants on how well their resume information matches the job description. Resumes that contain appropriate keywords and candidate data will be more likely to reach human eyes.

In other words, your resume needs to be carefully tweaked every time you apply for a role. Yet it can be very time-consuming to rework your resume to fit each job opening. That’s where you can leverage the power of AI-fueled software. For instance, you might want to apply to one dozen or more web developer roles. Rather than manually updating and optimizing each one, turn to free software like Teal to do it for you. 

Teal offers job seekers a comprehensive platform that makes it easy to build your resume with AI and customize it to match closely with individual job descriptions. The company’s core SaaS product also provides users with a dashboard where they can track their customized resumes. Haven’t written your resume yet? No worries — Teal can make suggestions and keep your resume from falling through the cracks or being denied by an algorithm “gatekeeper.” 

2. Create an impressive portfolio.

Even if you’re somewhat new to web development, you’ll be expected to showcase your technical abilities. This is best done in an online portfolio that can be shared with potential employers. However, you don’t want to clutter your portfolio with junk or make it difficult to evaluate. Your portfolio should be streamlined and contain just enough samples to entice someone to ask for a first or second interview. (Or make you an offer!)

What belongs in your web developer portfolio? You should have some examples of projects that relate to the job you want. For example, let’s say an organization is looking for someone with extensive coding capabilities. Your portfolio should contain two to three examples of pages or site elements that you wrote the code for. Don’t just share the code. Describe the goal, talk about how you met the goal through coding, and illustrate the end result. This will paint a clear picture of the talents you’re bringing to the table. 

You can host your portfolio on any site you like, including on a read-only Google doc. Just be sure that you link to your portfolio on your resume. Don’t be afraid to include the link in your cover letter and, if applicable, your application form. Over time, be aware that you’ll need to update your portfolio and replace dated experiences with fresh ones.

3. Use social media to your benefit.

As with any field, web developers have online communities, forums, and groups. Consequently, you should become visible in these social communities. Present yourself as both a thought leader and an eager learner. For example, you might want to answer questions posed by others and post some questions yourself.

Publishing articles on LinkedIn can be another wait to gain some credibility among other IT professionals and corporate leaders. The same is true for posting, sharing, and commenting on Facebook and X, too. The more people you engage with in the IT sector, the higher your likelihood to hear about job openings — and get noticed. 

What if you’re comfortable in front of the camera or talking to a crowd? Setting up your own YouTube or Twitch channel devoted to web development could make sense. The higher your following, the more authority you naturally acquire. Plus, you may be able to make a little money on the side by coding live. Small-time Twitch streamers with 100+ viewers can net up to $1,500 monthly. That’s not exactly peanuts.

4. Stay up to date on the industry.

The world of technology is expanding and evolving at a faster-than-ever pace. In a flash, your knowledge can become outdated if you’re not keeping up. Therefore, it may be wise to invest in certificates or degrees, and the occasional coding bootcamp. (As a side note, bootcamps will offer the chance to meet peers and expand your network, which is a bonus advantage.)

Not sure where to start? There are many places that offer training to current and aspiring web developers. Some are well-known institutes of higher learning like Arizona State University and Capella University. However, other programs are run by companies known for web development. A helpful site for discovering short-term and long-term web development classes is Coursera. While Coursera offers some options that are branded to itself, others are through partnerships with universities and companies. For instance, Coursera features classes for learners at all levels from IBM. 

As you advance your continuing education credentials, be sure to add them into your resume as well as your LinkedIn profile. This step can be easy to forget, but it’s essential if you’re trying to highlight exactly what makes you a more appealing, well-versed candidate than someone else.

Web development might be a crowded field, but that doesn’t mean you can’t edge your way in. Just take a little time upfront to plan out your career strategy. Then, go forward with gusto. Someone has to land every job that’s available — and the next person who hears “You’re hired!” could be you.

Featured Image by James Harrison on Unsplash

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4 Time Management Techniques To Adopt in 2024

If there’s one thing about time, it’s that it keeps moving along. Whether you’re in flow with its onward movement is up to you. Staying productive means knowing how to manage your time and sticking to a plan.

It’s where people often struggle, especially in an age where distractions are so prevalent. Think social media, the clothes in the dryer, and the co-worker who wants to chat. No matter where you work, distractions can easily throw you off your game. But so can perfectionism, which takes you out of the flow instead of keeping you in it. Because you’re so worried about being on target, your mind immobilizes you, preventing you from taking action.

Are you looking to improve your time management approach before 2024 begins? Read on. This article discusses four techniques to help you stay focused. You’ll boost your productivity without feeling the classic time crunch.

1. Use Automated Scheduling Tools

Scheduling is a huge part of time management. It might be why humans invented calendars. As a handy tool, calendars help keep track of appointments, to-do list reminders, and important deadlines. On paper, calendars can be an efficient way to centralize everything you’ve got going on. But those paper-based versions can also get a tad messy and become inconvenient to carry around.

Digital versions are undoubtedly better. You can set up notifications, sync your personal and work obligations, and make changes on the fly. Yet, how do you get everyone’s calendars on the same page in a team environment? You can play the email game, sending invite messages back and forth. Or you can try an automated meeting scheduling app like Calendar, which lets teams choose meeting times according to everyone’s availability.

Automated scheduling tools and workflow automation in general can streamline the process, making it more efficient. The software also integrates with popular meeting and collaboration tools like Microsoft Teams. With the ability to share custom links to your calendar, you don’t even have to initiate the process. Those inside and outside your organization can request meeting times based on your preferences.

2. Establish Time Blocks

Time blocking is a technique used to maintain focus on specific tasks throughout your workday. Some people also refer to this method as time boxing because you establish time limits for each set of tasks. The technique can work if you know how to categorize and prioritize your responsibilities.

It’s also ideal for roles where your responsibilities tend to be task-driven and somewhat repetitive. A role as an insurance claims handler is an example. Say you work for Progressive as an auto injury claims adjuster. A typical day involves reviewing new claims, attorney demands, and incoming correspondence. You also handle phone calls, liability investigations, and status letters.

Getting to new claims and attorney demands are your top priorities. Incoming correspondence and phone calls come second. The remainder of your tasks fall into less urgent categories. With the time-blocking technique, you could devote two hours in the morning to the highest priorities. After the two hours are up, you move on to your medium priorities for another two hours. Toward the end of the day, you tackle your least urgent tasks.

The key to time blocking is to stick to your established routine. Don’t let distractions steer you off track. And adhere to the hard stops you’ve put in place so you can move on to your next block. Time blocking helps you juggle multiple competing priorities, but you have to stay within its boundaries to see results.

3. Embrace the Art of Single-Tasking

In fast-paced environments, multitasking appears to be the norm. It seems like a way to keep your head above water as you swim against the tide. Switching between tasks to accomplish more in less time can be effective. But only if you’re good at it. And research shows a mere 2.5% of the population is.

For the majority, multitasking increases stress levels, compromises executive brain functions, and lowers motivation. Experts also link multitasking to depression and memory loss. It’s kind of scary if you think about it. Something you believe is helping you excel professionally may be compromising your health and work performance.

Breaking the habit can be challenging. You might find yourself multitasking in your personal life as well. Perhaps you scroll through your inbox on your phone while you’re watching TV. Or worse, you text as you’re driving. Taking small steps to switch to single-tasking will help you get into a healthier, more productive groove.

When you focus on one task at a time, it gets your full attention. Plus, you’ll finish it faster than you would if you were working on another assignment simultaneously. The quality of your work will increase, so you won’t have to go back to correct mistakes. You also won’t have to constantly recalibrate your brain to what’s in front of you. Moving sequentially from start to finish makes it easier to remember all the steps.

4. Define Success

Productivity success will look different among roles, companies, and individuals. Comparing yourself to others is natural, but the tendency can derail your goals. Say you’re in your first year as a community outreach manager for T-Mobile. Your peers have been in the same role for at least 10 years. As the new kid on the block, you’ve reached out to them for pointers.

In the process, you’ve noticed they seem to be much more productive than you. As a result, you feel as though your time management skills and performance aren’t up to par. What you need to remember is to give yourself grace as you go. Since you’re learning the ins and outs of a new role, you’ll develop your own efficiencies with practice.

When adopting time management techniques, one you may overlook is defining what productivity means to you. It may mean letting go of unrealistic expectations, such as being “always on” and never taking breaks. Expecting perfection from the get-go is another unrealistic target. You may need to experiment with a few hacks before you find what’s right. Be willing to adjust your definition of effective time management so it doesn’t become a source of stress.

Conclusion   

Mastering time management is an ongoing process. Sometimes, you learn what works by finding out what doesn’t. And what doesn’t work well usually involves flying by the seat of your pants. Hoping everything will come out OK in the wash isn’t a solid plan.

While juggling competing priorities at a breathtaking pace is challenging, effectively managing them is possible. Productivity hacks like automated scheduling apps and time-blocking methods are there to help. By planning to embrace them as the new year begins, you can move with time instead of against it.

Featured Image by Milad Fakurian on Unsplash                

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4 Common Recruitment Challenges and How to Overcome Them

Corporate leaders and hiring managers are being pressed to exhibit tremendous patience, creativity, and determination right now. As of May 2023, the U.S. labor market is experiencing a serious glut of job seekers. According to government statistics, there are more than four million positions than there are available workers. In other words, it’s still very difficult to get people to even apply for advertisements, let alone fill seats.

There are countless reasons for the labor shortage. The Great Resignation (or Migration, as some call it), has certainly affected recruitment efforts. When people know they’re needed, they’re less likely to accept the first job they’re offered. And though mass resignations are expected to drop by the end of 2023, they’re still happening. Another factor has been a change in the way professionals want to work. When Slack conducted a survey on virtual work arrangements, 94% of respondents said they wanted remote options. That’s a hard sell for some companies and in specific careers like healthcare and manufacturing.

Of course, this doesn’t mean you’re without choices if you have openings to fill. You just need to acknowledge your biggest recruitment challenges and then find ways to bypass them. To help you start, consider the following hiring conundrums and how to overcome them.

Challenge #1: You can’t find qualified applicants.

You post on all the same job boards that have worked like a charm before. But your results? Well, they’re not exactly what you want. You keep getting hits from candidates who don’t even have the basic skills or experience you need. That’s a problem, because you can’t wait forever to build out your dream team and start to scale.

The first strategy to take if you’re in this boat is to consider hiring people overseas. As long as the work can be done anywhere by the right person, you’re good to go global. The only potential snag is that you’ll want to plan ahead. Bringing aboard employees from other countries requires a knowledgeable partner’s legal and financial savvy. For example, Oyster offers automated global hiring management assistance for its customers. Join forces with a global employment platform like Oyster and you won’t have to worry about being compliant with foreign regulations and rules. You’ll just get to expand your talent pool while mitigating your risks. 

The second strategy is to try novel recruitment methods. You might want to search for potentially qualified people on LinkedIn and send them a “cold call” note. Or, you could try smaller, niche job sites like those aimed at minority worker groups. Even if you get just a few more hits than usual, you’ll be ahead of where you would have been.

Challenge #2: You lose tons of candidates throughout the interview process.

It’s happened again: You’ve found some amazing applicants who’ve submitted their resumes. As your hiring team looks over all the candidates’ information, you get pretty excited. Why wouldn’t you, when you have so many possibilities? Yet by the time you reach the one-on-one interview stage, most of those candidates have gone elsewhere. The result? You have to start the process over again — and you’ve lost lots of time.

If this challenge sounds far too familiar, you probably have to take a look at your hiring journey. Many corporations have made it very time-consuming to move applicants through the hiring process. They’re not trying to be difficult, of course. They want to make sure they don’t end up with a bad fit. Nevertheless, their hesitation winds up hurting them in the long run because candidates don’t want to wait. According to Indeed, the average after-interview response time from company to interviewee is 24 days. Even if you’re in that sweet spot, consider moving more quickly.

With so many jobs available, high performers will take the best offer they get. Even if you can only shave a few days or a week off your hiring, you could see instant improvement. Be sure not to scale back too much, but do consider where you can tighten everything.

Challenge #3: Applicants don’t have the skill sets you want.

You’ve been advertising some positions for weeks. You’re getting resumes, which is good. However, you’re not getting anyone with all the skill sets you want. Although you’ve made requirements clear in your advertisement, you’re not seeing those requirements reflected in applications. What gives?

The answer may not be one you want to hear, but it’s one you need to consider: Your bar may be too high. In other words, you’re trying to get a unicorn employee. Do unicorn employees exist? Perhaps in some universe, but your chances of seeing one may be lower than you presumed. Consequently, you’re better off looking for someone who can be trained on the skill sets you want.

Think of this as a switch to hiring based on a talent’s potential. You’re seeking someone not with all the qualifications intact but with the characteristics to learn. It’s not a matter of lowering your standards, though. You’ll need to set up a training plan for the person you hire. That’s okay and may actually make you a more appealing prospective employer. More than six out of 10 workers would trade their loyalty for the opportunity to upskill on their company’s dime.

Challenge #4: Diverse candidates just don’t seem to be interested in working at your company.

Diversity, equity, and inclusion (DEI) have become an important part of the mission of many companies. Yet it’s hard to foster support for DEI initiatives if you’re not hiring people from historically underrepresented populations. If you’ve seen no uptick in the diversity of your candidates, you may need to make some changes.

Initially, look at your job description. Are you using biased language unintentionally? Your advertisements and postings could sound perfectly reasonable to you but be a “turnoff” to diverse candidates. Even using terms like “rockstar” or adding gendered language to your job postings could be having an adverse effect. Now may be the perfect time to review everything you’re posting to spot any unintentionally biased or coded phrasings.

Next, revamp your worker sourcing. Look for untapped candidate pools that focus on Black candidates, Latinx candidates, veterans, LGBTQ+ applicants, and job seekers from other diverse communities. You may even want to consider advertising on specific diverse platforms or to social media groups. Done well, this can boost your application numbers representing more diverse talent backgrounds and abilities.

Recruiting isn’t the easiest task in the world, that’s certain. However, it’s possible to refine your processes so you can fill positions more dependably and with great people.

Image by yanalya on Freepik

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5 Creative Ways Companies are Using ChatGPT

AI probably isn’t going to take over the world, but that doesn’t mean it isn’t taking the world by storm. ChatGPT, one of the newest tech tools around, is getting lots of press — and for good reasons. As people explore the platform, they’re finding plenty of creative ways to incorporate its best features into their businesses.

This doesn’t mean that organizations are getting rid of workers left and right, either. In most use cases for ChatGPT, companies are allowing the system to make their people more efficient. Handled appropriately and pragmatically, ChatGPT can free up employee time normally spent on “busy work.” More time on their hands means more team members who are able to work on higher-level assignments and duties. There are many ChatGPT alternatives that does provides the same benefits that ChatGPT provides to companies.

Perplexed about how you can use ChatGPT? Look at the many unique ways experimentation is happening on the ground to get some ideas. Below are some of the more interesting ways that professionals are putting ChatGPT through its paces. After reading through them, you might be inspired to do likewise.

1. Fleshing out content outlines.

It’s safe to say that most content is best created with an outline in mind. Having an outline to follow keeps the writer on course. It also makes sure all relevant topics are covered, especially ones connected to juicy keywords.

ChatGPT can be used to not only construct but “beef up” content outlines. MarketMuse, a content quality platform, has released a proprietary ChatGPT integration. As a result, MarketMuse users can incorporate the topic model data in the ChatGPT prompts to build quality outlines fast. Since it’s an integration within the MarketMuse system, they never have to switch logins or tabs. They just need to pop questions into the platform and wait for ChatGPT’s responses to systematically populate.

The ChatGPT answers can come in the form of an outline, of course. However, the outline may be thin or lacking topics. By gauging the outline against a keyword assessment, users can more thoroughly design thoughtful outlines. In this way, ChatGPT helps marketers ensure their content has as much pertinence and value to readers as possible.

2. Making coding more streamlined.

No one ever claimed that writing code was easy, fun, or fast. Certainly, it can be rewarding. However, pulling together app code can be tedious at times. Plus, it can be prone to problems for newer, less experienced code writers.

One of the most remarkable uses for ChatGPT has come as a coding assistant. Recently, none other than Goldman Sachs announced that its developers were coding with ChatGPT. The concept is not to push software developers out the door, though. It’s to allow them to write faster and therefore produce more output than they would otherwise be able to.

As Goldman Sachs has noted, they’re just dabbling at this point. And most other big-name financial institutions haven’t yet jumped into the ChatGPT game. Nevertheless, coding with the help of ChatGPT is happening across many other industries. In the future, it may be a way for companies to construct minimally viable apps quickly and cheaply.

3. Educating people on foreign languages.

Duolingo has been known for years as one of the breakthrough platforms for language learning. To augment its platform and tools, the company has unveiled what it calls Duolingo Max. Duolingo Max is designed to leverage ChatGPT in different ways to ramp up recall and understanding of grammar and vocabulary.

The Duolingo Max product allows users to engage in an AI-focused back-and-forth roleplay. Additionally, Duolingo Max is set up to explain what went wrong when users make errors. The give-and-take affords users the opportunity to better improve their language proficiency.

This creative way to use ChatGPT was meant for foreign language learners. However, it might have applications for students who are learning the structure of the English language in school. Being able to “gamify” learning has always been advantageous. With ChatGPT, it may be even simpler to set up.

4. Writing no-frills emails.

Every day, professionals write and send countless emails. Some emails almost write themselves. What about emails that are important or more complex, such as to sales leads? Those emails deserve more energy and thought, but not necessarily at the initial writing stage.

ChatGPT can be useful for generating bare-bones emails based on general questions and prompts. These emails can then become the structural basis for more conversational, personalized ones. Many leaders like to put their finishing touches on all the content that goes out under their names, anyway. ChatGPT just provides a faster way to get to the personality-incorporating part of email writing.

Salesforce is just one of the many organizations trying out email writing this way. It’s also exploring ways to fold some instant customization into the mix. Most employees will still want to put their eyes on the final product before hitting “send”. Still, the opportunities seem to be endless for taking away the time-consuming sting of routine corporate email writing.

5. Enhancing (and personalizing) digital flashcard sessions.

Most students and teachers have encountered the tool called Quizlet throughout their learning journeys. Quizlets are online flashcards that promote learning through the use of repetition. In early 2023, Quizlet augmented its offerings with Q-Chat, based on ChatGPT.

How does Q-Chat make the flashcard construction process a little smoother? Quizlet says that by giving Q-Chat access to its vast library, Q-Chat can serve as a virtual tutor. Students can drill down deeper on topics of interest, getting more learning power from each flashcard session.

Quizlet refers to itself as an “early adopter” of ChatGPT technology and touts its other uses of AI. Though Q-Chat isn’t ready for full-blown release, its first-run edition will be available to those ages 18+. After working out any issues, Q-Chat is poised to become part of Quizlet’s wide range of product offerings.

We’re only scratching the surface of what ChatGPT is capable of doing. As more individuals and organizations think innovatively about generative AI, they’ll find new methods of using it. Who knows? One day, you may find yourself seeing ChatGPT as one of the most important assets in your toolkit.

Photo by Levart_Photographer on Unsplash

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