NEWS - INNOVATION & TECHNOLOGY
Finance companies are investing more in innovative technology to compete with new market entrants, according to a survey from recruitment consultancy Robert Half Financial Services.
The research, which surveyed over 100 executives from the financial services industry, showed that 54 per cent of financial services companies will be increasing investment in innovative and disruptive technologies over the next 12 months.Read more >>
President and Chief Executive Officer of Ford Motor Company, Mark Fields, has announced that the company are currently working to develop driverless cars.
Fields stated that driverless cars would have “as significant an impact on society as Ford’s moving assembly line did 100 years ago.” The announcement was made in the Silicon Valley area of California.
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A leading business in Darwen, Lancashire, has benefitted tremendously by offering apprenticeships. The young adults who joined the company as apprentices were successful in manufacturing major components for a research space rocket that is set to launch in the next few months.
The space rocket is being manufactured by Starchaser Industries. In 2011, Starchaser had the distinction of launching the biggest rocket in the country.Read more >>
A UK tech startup is hoping to offer laptop and smartphone users a simple way to recharge their mobile devices while they are on the go.
Chargifi has come up with a new way to charge mobile devices in public venues. It makes use of a series of wireless transmitters that are operated by a software platform to offer people wireless charging.Read more >>
A report from CSIS and Intel Security, entitled “Hacking the Skills Shortage”, found that there is a lack of cybersecurity talent in countries around the world, including the UK, the US, Australia, France, Germany, Japan, Israel, and Mexico.
The report says that this causes “direct damage” to companies, and warns that thousands of job vacancies in the industry could remain empty.Read more >>
London is to become home to Europe’s largest technology innovation centre. The Innovation Centre is a joint venture between property developer Delancey’s evergreen investment fund, DV4, and tech consultancy firm ENTIQ.
The facility will support start-ups from a wide range of industries, including fashion, health, design and the Internet of Things, promoting collaboration and helping them to grow.Read more >>
Google has teamed up with the charity Tinder Foundation to help people across the UK improve their digital skills and increase their chances of finding a job or setting up their own business.
The scheme has been created as part of the Google Digital Garage programme, with funding helping to provide 100 centres for 5,000 community organisations.Read more >>
Last Friday, it was announced that the UK will soon finalise a new FinTech Bridge with South Korea to enable easier investment in fintech.
The FinTech Bridge will provide a number of benefits for financial technology businesses and investors from each country, allowing them to gain easier access to each other.Read more >>
Social media is critical to SMEs, with 100 per cent of businesses turning to social channels to reach customers, according to a survey from enterprise application software company SAP Anywhere.
The survey showed that more SME retailers are using technology to help their business to develop, with over three quarters of businesses saying that it has enabled them to overcome ongoing challenges.Read more >>
Small and medium-sized enterprises need access to better broadband services, according to a report from the cross-party Culture, Media and Sport Select Committee.
The report stated that the quality of the current level of broadband service is poor and that services need to be improved.Read more >>
A leading UK finance provider has collaborated with accountancy experts to help small businesses control cash flow.
DueCourse will be working with top providers of accountancy packages, such as SageOne and Xero, to provide SMEs with a faster method of financing and enable them to free up valuable funds.Read more >>
Entrepreneurs have called for action to be taken to protect London’s status in the tech sector following the UK’s exit from the EU.
Business leaders who supported a Remain vote have spoken out, discussing the importance of providing training to address skills gaps in the sector.Read more >>
Britain’s tech companies are putting expansion plans on hold following the UK’s exit from the European Union.
Companies are now concerned about how the loss of access to European markets could affect the UK’s financial technology sector, with some considering moving to a continental location.Read more >>
Smaller businesses are collectively attacked 7 million times per year by cyber criminals, which is costing the UK economy £5.26 billion, according to a report from the Federation of Small Businesses (FSB).
The report, Cyber Resilience: How to protect small firms in the digital economy, showed that despite over 90 per cent of smaller businesses taking action to prevent digital threats, over 60 per cent have fallen victim to cybercrime over the past two years.Read more >>
Technology companies are ahead of FTSE companies when it comes to female leaders, according to research from Tech London Advocates.
The Women in Tech Leadership Index showed that a fifth of UK tech companies are run by women, compared to 5 per cent of FTSE 100 companies and 4 per cent of FTSE 250 companies.Read more >>
Companies need to rethink how they go about helping managers and leaders develop professional skills, according to a survey from the Chartered Management Institute (CMI).
The CMI’s report, “Learning to lead: the digital potential”, looked at how digital learning is used in companies and what methods of learning managers prefer.Read more >>
Not having a smartphone for a day could result in a small business losing up to £12,000, according to a survey from Vodafone.
The report, which was conducted by YouGov on behalf of Vodafone, surveyed over 1,000 small and medium-sized businesses from the UK and found that not having a smartphone could cost each business four opportunities worth £3,000 each in a day.Read more >>
Britain is in the midst of a digital crisis that is estimated to be costing the UK economy £63 billion in lost income, according to a government report.
The report, which was presented in the House of Commons by the Science and Technology Committee, found that millions of people in the UK lack basic digital skills.Read more >>
A government-backed cyber security accelerator is searching for entrepreneurs looking to combat cybercrime.
The HutZero accelerator, which is run by Cyber London (CyLon) and the Centre for Secure Information Technologies (CSIT), will also give entrepreneurs the opportunity to learn new skills that will enable them to start up their own cyber security company.
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Apple has topped the list of the biggest tech companies in the world. The company achieved a revenue growth of 28 per cent, increasing to nearly $234 billion last year.
According to the 2016 Forbes Global 2000, which ranks businesses based on their revenue, profit and assets, Apple is now the fourth largest company in the US.Read more >>
The Church of England has partnered with a company called WiSpire to launch a broadband service across rural areas in the UK.
This will help to meet David Cameron’s pledge to bring superfast broadband to every home in the UK by 2020.Read more >>
The Festival of Digital Disruption is returning to Reading next month. The event is being hosted by ConnectTVT’s Grow@GreenPark and will run for seven days from 11th June.
The festival will give children the opportunity to take part in a wide range of activities, as well as bringing together tech mentors, leaders, and digital innovators.Read more >>
Over 30 per cent of small businesses now believe that a mobile-friendly website is vital to business growth, with nearly two-thirds of businesses expecting an increase in their mobile sales, according to research from YouGov and eBay UK.
The research, which surveyed 400 online businesses, found that 36 per cent of small businesses expect their mobile sales to increase by up to 10 per cent in 2016.Read more >>
EMC Managing Director Ross Fraser has described the company’s partnership with Entrepreneurial Spark to create the UK’s largest tech accelerator programme as a “great opportunity.”
It was recently announced that the tech company had joined forces with Entrepreneurial Spark to provide mentoring and training for the accelerator’s entrepreneurs nationwide.Read more >>