Search Results for: cyber

May 14, 2018

Manchester incubator aims to develop region’s strength in tech and research

by Mark Eltringham • Cities, News, Property, Technology

Manchester Science Partnerships (MSP) has opened its new £2m tech incubator which it hopes will help create up to 2,000 jobs in data science and technology innovation companies over the next decade. Reflecting the ambitions of the updated Greater Manchester strategy to build on the city region’s strengths in technology and digital innovation, the incubator will provide start-ups with a wide package of business support services including: access to finance, talent and markets advice. Manchester is already a European top 20 digital city and this new incubator is designed play a role in strengthening the city’s status as a location for technology businesses over the coming years.

January 24, 2018

Majority of global business leaders believe world economy will grow this year

by Sara Bean • News, Workplace

Well over half (fifty seven percent) of business leaders say they believe global economic growth will improve in the next 12 months – almost twice (29 percent) the level of results from the annual survey carried out by PwC . Launched at the World Economic Forum Annual Meeting in Davos, the survey found that optimism in the economy is feeding into CEOs’ confidence about their own companies’ outlook. As 42 percent of CEOs said they are “very confident” in their own organisation’s growth prospects over the next 12 months, up from 38 percent last year. Looking at the results by country though, it’s a mixed bag. In the UK, with Brexit negotiations only recently reaching a significant milestone, business leaders’ drop in short-term confidence is unsurprising (2018: 34 percent vs. 2017: 41 percent). The survey also found that CEOs are determined to find the right talent needed to reap the benefits of the digital disruption, with investments in modern working environments and the establishment of learning and development programmes to help attract and develop digital talent.

January 16, 2018

Businesses lost an estimated £20.2 bn from data breaches last year

by Neil Franklin • News, Technology

Hackers stole or compromised an estimated £20.2bn worth of records from businesses in 2017, new research claims. After news that Uber failed to disclose a massive hack in 2016, VPN (Virtual Private Network) comparison site BestVPN.com analysed more than 200 data breaches dating back to 2004, looking at the number of records compromised, the industries most likely to be affected and the value of those breaches. Late last year Equifax became the victim of one of the most high profile hacks in history, with 143m records stolen, equating to an estimated £15bn worth of data lost*. While there have previously been attacks where more records were compromised, such as Yahoo’s 1bn back in December 2016, the Equifax breach was notable because the data stolen included social Security numbers and personal identification. IBM revealed in its Cost of a Data Breach Study 2017 that the average cost of a stolen record was £104.25, or £2.7m per hack.

November 14, 2017

New quarterly report highlights latest UK cities trends

by Mark Eltringham • Cities, News, Public Sector, Technology

A new quarterly report that claims to analyse the latest trends taking place in cities across the UK has been published by Future Cities Catapult, the Government-backed centre of expertise in urban innovation, the City Innovation Brief (automatic download) summarises key developments and changes from cities across the UK, identifying where money is being invested and what future opportunities might look like within the advanced urban services sector.

October 30, 2017

Employees are investing their own time and money to remain competitive in the changing workplace

by Mark Eltringham • Flexible working, News, Technology, Workplace

Capgemini and LinkedIn have published a new global report exploring the ‘digital talent gap’, which analyses the demand and supply of talent with specific digital skills and the availability of digital roles across multiple industries and countries. The report, The Digital Talent Gap—Are Companies Doing Enough? claims to reveal the concerns felt by employees when assessing their own digital skills and the lack of training resources currently available to them within their workplace. Highlights include the fact that nearly 50 percent of employees, rising to close to 60 percent for what the report calls digitally talented employees are investing their own money and additional time beyond office hours to develop digital skills on their own. Capgemini surveyed 753 employees and 501 executives at the director level or above, at large companies with reported revenue of more than $500 million for FY 2016 and more than 1,000 employees. The survey took place from June to July 2017, and covered nine countries – France, Germany, India, Italy, the Netherlands, Spain, Sweden, the United Kingdom and the United States and seven industry sectors.

October 26, 2017

Three quarters of firms dissatisfied with quality of UK infrastructure

by Sara Bean • Cities, Facilities management, News, Property, Public Sector, Technology

Businesses are concerned about the pace of commitment to improving the UK’s infrastructure, and a record number of firms are dissatisfied with the state of infrastructure in their region. With the UK currently ranking 27^th in the world for the quality of its infrastructure, nearly all (96 percent) of businesses in the 2017 CBI/AECOM Infrastructure Survey see infrastructure as important (of which 55 percent view it as critical) to the Government’s agenda. From the Clean Growth Strategy and the £500 billion infrastructure pipeline to its decision to build a new runway at Heathrow and press ahead with the A303 tunnel, the Government has made clear its commitment to British infrastructure. However, only one in five firms is satisfied with the pace of delivery (20 percent) and almost three quarters (74 percent) doubt infrastructure will improve over this Parliament. This lack of confidence is attributed primarily to policy inconsistency (+94 percent of firms) & political risk (+86 percent). The digital sector is the exception, however, where 59 percent of firms are confident of improvements.

September 8, 2017

High expectations mask large gap between understanding of artificial intelligence and its implementation

by Mark Eltringham • AI, News, Technology

New research published by the Boston Consulting Group and MIT Sloan Management Review suggests that there remains a wide gap between the understanding and adoption of artificial intelligence (AI) at most companies. The global study of over 3,000 firms and industry experts claims that almost 85 percent of executives believe AI will allow their companies to obtain or sustain a competitive advantage. However, only about one in five companies has incorporated AI in some offerings or processes. The new report claims to identify the key characteristics of AI leaders and offers companies a starting point for developing an AI strategy.

September 7, 2017

Remote workers perceived as less valued by management than office based staff

by Sara Bean • Flexible working, News, Technology, Workplace

Remote workers perceived as less valued to workplace by office based staff American office workers think it’s twice as difficult for remote workers to build relationships with the boss, make work friends, collaborate with their team and navigate the workplace culture than in-office workers, according to recent research. The “Reality of the Remote Worker Report,” claims that remote workers tend to have their presence go by unnoticed, with 43 percent of office workers believing it’s harder for remote workers to be seen in the workplace than those non-remote. The report, conducted online amongst over 1,500 US workers by YouGov for CyberLink, found a number of disadvantages for remote workers; with nearly 1 in 6 (15 percent) of office colleagues thinking that remote workers are less valued by a company, 20 percent believing they’re promoted less often and 8 percent even viewing them as less trustworthy. And office workers who were asked about their own concerns about working remotely expressed a range of potential frustrations.

May 26, 2017

An overdue attempt to connect smart buildings with smart people ⁰

by Xenia Kingsley • Comment, Property, Technology

As first events go, the inaugural outing for the Smart Buildings series of conferences succeeded in delivering a full day of insightful presentations and debates, with a highly engaged audience of industry experts. A theme to emerge early on – in the opening remarks by Worktech Academy’s Jeremy Myerson in fact, was that the concept of ‘smart buildings’ is far from new. Depending who you ask, the idea goes back to the 90’s, the 80’s or even the 60’s. So why have we waited until 2017 for a conference on the topic? Many of the presenters agreed this is because we have only recently entered a new technological phase – the ‘plateau of productivity’ of Gartner’s Hype Cycle, as Owen King of Unwork pointed out – the time when widestream adoption of a technology kicks in and its viability becomes more clear. Indeed, the benefits of smart buildings are now widely regarded to fall into six categories; sustainability, productivity, talent, wellbeing, brand and cost control. And, while sustainability was the topic du jour at similar events six or seven years ago, the industry focus has shifted towards productivity and wellbeing.

May 19, 2017

Inventing the Future: techUK launches 2017 manifesto ⁰

by Neil Franklin • News, Technology

techUK, the association that represents a large part of the UK’s technology sector, has published a new manifesto ahead of the General Election which it claims ‘sets out a bold and ambitious vision for the next Government to create a modern and dynamic digital economy that works for everyone’. The organisation has set out a series of recommendation that aim to show how Britain can remain at the forefront of global tech innovation while it navigates Brexit and other forces. Its objectives include: boosting the UK’s productivity; harnessing digital transformation to build a smarter state; creating new jobs and a new skilled, adaptable workforce; and protecting and empowering people in a digital age.

April 27, 2017

London businesses lead the way in uptake of flexible working ⁰

by Neil Franklin • Flexible working, News

London-based businesses are leading the way in flexible working in the UK, according to a new report from conference call provider Powwownow. The study of 2,000 people claims that business leaders in the capital let their staff spend the most time working out of the office during an average week – a total of 3 hours and 31 minutes, compared to the UK average of 2 hours and 34 minutes. The survey also suggests that young people, many of whom are graduates with sought-after skills such as digital and cybersecurity expertise, are the most likely to consider flexible working a main attraction of a new job, with three quarters (76 percent) agreeing. While young people in London (18 – 24 year olds) are the most likely to want flexible working (85 percent), they are the least likely to be offered it by businesses. Over half of young people (53 percent) are not proactively offered flexible working, compared to just a third (33 percent) of 35-44 year olds who also have to ask for it.

March 27, 2017

State of the nation report sets out impact of digital transformation on the UK ⁰

by Neil Franklin • News, Property, Technology

The Institution of Civil Engineers has published its State of the Nation 2017 report, looking at how advances in digital technology and data are transforming how infrastructure is designed, delivered and operated. The report claims that digital transformation is bringing benefits to clients and end users as well as unlocking economic growth and productivity across the UK. The report, based on interviews with 350 organisations and industry figures discusses the practical steps firms and government need to take to maintain momentum and truly harness the benefits.