NEWS - INNOVATION & TECHNOLOGY
Big Four firm Deloitte has estimated that almost 2.5 trillion photos will be shared by people online during this year.
Dr Danny McConnell, the accountancy and advisor firm's Belfast technology partner, also predicted that of those, 90% would be taken using smartphone cameras.
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Big Four accountancy firm and business advisors Deloitte say that broadband speeds will get much faster this year, with Gigabit per second connections set to increase by a factor of ten.
Deloitte predicts the changes in the 16th edition of its Global Media Trends publication from the firm's technology, media and telecommunications (TMT) practice.Read more >>
A "more sophisticated approach" to online security is required because computer passwords are "broken," according to KPMG.
The big four accountancy firm thinks that new and more contemporary security measures should be introduced because the average person now has to remember at least 19 different passwords.Read more >>
HM Revenue and Customs (HMRC) is planning to improve online security before the 31st of January 2016 deadline for self-assessment tax returns. It advised its customers to “remain vigilant” when filing their returns online.
HMRC will be sending out up to one million emails within the next six weeks, reminding individuals that they will need to file their online self-assessment tax returns by the 31st January. The tax authority also announced its aims to protect its customers from tax scams, which are common around this time of year.Read more >>
According to research from The Institute of Chartered Accountants in England and Wales (ICAEW), company auditors are reporting that companies still do not recognise cyber security as a risk to their business.
The ICAEW report 'Audit Insights: Cyber Security' uses observations and the expertise of auditors from across the spectrum of industry to highlight the need to close the gap between business operations and cyber security strategy.Read more >>
Big businesses and government authorities are checking up on people by looking at their online activity, including checking out social network profiles.
"Social media is already an important tool for industry to engage with customers and its use is only likely to grow," explained Tracey McDermott, from the Financial Conduct Authority (FCA).
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Gaming technology has now been introduced to Deloitte'srecruitment process in an attempt to identify people with certain skills.
Innovation, creativity, and problem solving are the key qualities that the firm looks for in candidates applying for its BrightStart Business Apprenticeship programme. Now an app will play a large role in selecting who is accepted onto the scheme.Read more >>
A new KPMG survey says that SMEs could be frozen out of the procurement process if they do not take cyber security more seriously.
According to the study, looking after valuable client data should be a higher priority for firms, and some risk being disqualified from bidding for work.Read more >>
Accountancy sector brand Sage has launched a new service that lets SMEs make domestic and international payments directly from their software.
Sage Payments will allow small and medium sized businesses to use accounts or payroll systems to make the payments.Read more >>
Consumers in the UK can now make transactions of up to £30 by using contactless payment methods.
Replacing the previous limit of £20, card providers expect the change to see a sharp increase in the number of purchases using the system.Read more >>
A new survey from Lloyds Bank suggests that cash may soon become extinct as more Britons switch to alternate methods of making payments.
The increasing popularity of contactless payments and the continuing rise in debit and credit card use means that a quarter of Britons think they will not be using notes and coins within only five years.Read more >>
Sustainable innovation is an essential part of developing the cities of the future, according to a top MIT researcher.
Wei Pan claims that urban density is one of several trends that are facilitating new sustainable business models with a connection that she calls “social-tie density”.Read more >>
Internet search giant Google has surprised economists around the world by announcing that it will become part of a holding company called Alphabet, shared in a blog post by co-founders Larry Page and Sergey Brin.
As part of the changes, Google will be rebranded as Alphabet. Control of the company’s search engine services will be handed over to Sundar Pichai, who will become the CEO of Google.Read more >>
UK prime minister David Cameron has backed a new manifesto for the fintech industry from Innovate Finance, which, among other things, promises 100,000 new jobs in the sector by 2020.
David Cameron has given his backing to a new manifesto from Innovate Finance, detailing how it intends to bring the UK to the forefront of the financial services technology industry.
Innovate Finance, which is the trade body for the fintech industry, wants the UK to become the most investment-friendly environment for fintech worldwide by 2020.Read more >>
Venture capital investment in technology companies across Britain hit $1.5 billion in the six months to June, with London leading the way.
A record high of almost $1.5 billion (£963 million) was invested by venture capital firms in Britain's technology companies during the first half of 2015.
This is according to new figures released by London & Partners, the promotional company for the capital set up by mayor Boris Johnson.Read more >>
Many claim new technological advances pose a threat to employment as real people are replaced by software - but is this really the case?
Those who believe that technology is having a detrimental effect on jobs often point to industries like manufacturing, where machines are now carrying out the work that people used to do. A more recent example is the services industry, with the introduction of self-checkouts.Read more >>
London Technology Week 2015 launches, with Mayor Boris Jonhson attending, as research shows the UK capital is the tech hub of Europe.
The burgeoning tech scene of the UK’s capital was confirmed to be the best in Europe by new research, which was published to celebrate the opening of London Technology Week. The event is set to last all week, scheduled until Sunday, 21 June.
In fact, London was the premier choice for almost three times as many tech startups as the next attractive city Paris. Over 1,000 tech startups came to London between 2005 and 2014, nearly triple the 381 startups that set up shop in Paris.Read more >>
A plan to craft a business out of creating solutions to big-city problems has been unveiled by Google.
Internet search giant Google announced the launch of a company devoted to tackling the problems experienced by the world’s 3.5 billion city dwellers. The new subsidiary, Sidewalk Labs, will concentrate on developing and incubating urban technologies that can be implemented in cities across the globe.Read more >>
Data-oriented health tech startups grow in strength as experts note that the recent boom is no bubble.
The number of health-focused companies that utilise data analysis techniques is not likely to decline any time soon, according to a panel of speakers from health technology companies at the Wisconsin Entrepreneurs’ Conference. Meanwhile, the surge in these startups is driving a wave of recruitment of some of the internet’s top talent.Read more >>
Businesses see costs of cyber attacks more than double to £1.46 million on average in the past year.
Cyber security breaches in UK businesses are rising once again and the average costs incurred by a break-in continued to soar. In fact, the average starting costs of the worst single breach suffered spiked higher for all sizes of businesses and more than doubled for most, according to a government-commissioned report from PwC.Read more >>
New statistics have shown that London isn’t the land of innovation we once thought it was.
The UK’s supposed reliance on London was further quashed when new research showed that innovation is spread widely throughout country. In fact, in terms of creation of new technologies, London is way down the list in 25th place, according to the Enterprise Research Centre (ERC).Read more >>
On 21 April, Google implemented a major overhaul of its search algorithm, making it more compatible with mobile platforms in a move that online marketers and developers have called “mobilegeddon”.
The reasoning behind Google’s move is clear, as more and more customers use their mobile devices to browse the internet.Read more >>
Mobile devices have altered the way consumers browse, shop and make payments. At almost every level, the interaction between businesses and customers is changing.Read more >>
We explore the values of big data and how they are shaping the manner in which companies work.
Businesses have been harnessing the power of data for decades, deriving value from sets of numbers, statistics, and information. However, the demand for more in-depth and better real-time data has seen the rise of big data and the various ways in which companies can utilise it.Read more >>