NEWS - INNOVATION & TECHNOLOGY
Increased internet and social media usage in developing countries might be beneficial to their economies, suggests Pew Global research.
Recent research from Pew Global has shown that people in developing countries believe that the internet and social media is having a positive effect on their economy, with 52% saying that it is a good influence.Read more >>
The growing prevalence of cyber security threats has been highlighted at Gartner’s Identity and Access Management (IAM) summit 2015.
At the London-based event the research group outlined how it believes in the likelihood that companies will end up having to utilise cloud-based security services in order to focus on bigger issues.
As we’ve noted before, cyber security is one of the biggest challenges facing the modern business. There are existing schemes ensuring that small and medium-sized enterprises (SMEs) are better prepared for digital threats.Read more >>
Twitter has opened a new office in Hong Kong as it looks to expand its reach in the Chinese market.
Twitter is looking to develop closer ties with businesses in China with the launch of the social media firm’s first office in Hong Kong.
Despite currently being blocked in mainland China the company seems keen to exploit Asia’s biggest economy. Even if users cannot access the site, its physical presence in Hong Kong will enable the San Francisco-based company to tap China for potentially huge advertising revenues.Read more >>
Tech giant Apple has revealed its latest range of products - the smartwatch.
Apple’s new collection of smartwatches was brought to the public at a press event in San Francisco and immediately the internet burst into a flurry of mixed reactions.Read more >>
A £95,000 competition to create a healthy living app using Disney characters has been launched by the media giant.
Disney has opened up a £95,000 competition in partnership with Creative England, to find a software specialist that can come up with a new app that uses Disney’s characters to encourage healthy living. It seems the media giant is looking to take advantage of the recent trend that has seen fitness related wearable technology and apps gain popularity with consumers.Read more >>
The British government should commence plans to introduce driverless cars to the roads, say MPs.
A variety of factors need to be considered and prepared for if the UK government wants to bring driverless cars to Britain’s roads, according to a report from the House of Commons. The main considerations will be designed to reassure the public over safety concerns.Read more >>
Britain is among the first countries to launch a scheme to boost SME cybersecurity.
Cybersecurity is one of the biggest challenges facing businesses but a new scheme aims to help better prepare Europe’s small and medium-sized enterprises (SMEs).
The co-ordinated cybersecurity taskforce and response (Costar) project is being piloted this year and the UK is one of the first countries to trial it.
It comes amid growing fears that Britain’s small businesses are ignoring the dangers posed by cyber crime and are not doing enough to guard against it.Read more >>
Barclays has teamed up with Twitter to offer instant mobile payments through the social network via its Pingit app.
The UK banking giant, Barclays, has announced a partnership with the social network, Twitter, which will allow anybody in the UK to send or receive money by using a person’s Twitter handle. It’s another innovative solution for instant payments and will work via the bank’s mobile payment service app, Pingit.Read more >>
Britain has the sixth best digital economy in the European Union according to a new report from the European Commission.
The UK’s digital economy continues to rank among the best in Europe, according to a new report from the European Commission (EC), which places Britain in sixth place.Read more >>
Google has signed a partnership with Softcard to further its efforts in the mobile payments arena.
Google has stepped up its battle in the mobile payments arena by forging a deal with Softcard, the mobile payments app that is owned by the three biggest wireless carriers in the US. Furthermore, the online giant secured a distribution deal with the carriers to get its Google Wallet payments app pre-installed on their phones, according to a Google Commerce blogpost.Read more >>
British tech industry growth continued to gather momentum in the final quarter of 2014.
Business activity in the UK’s tech sector continued to experience strong growth in the final quarter of 2014, despite less than favourable global economic conditions, according to the KPMG/Markit Tech Monitor survey.Read more >>
Messaging app Snapchat is reportedly seeking a new round of funding that would value the company at $19 billion.
The three-year old messaging app, Snapchat, is looking to become the world’s third-most valuable venture-backed tech company as it is said to be in talks for a new round of funding to raise as much as $500 million, which would value the Los Angeles firm at a staggering $19 billion.Read more >>
Samsung is looking to enter the mobile wallet race to rival Apple Pay and Google Wallet with its purchase of LoopPay.
Samsung has purchased the mobile wallet company, LoopPay, in what appears to be a move that will see the South Korean tech company take on Apple and Google in the digital wallet arena. The value of the deal has yet to be announced, but Samsung did hail the purchase as a move that will “accelerate the next wave of innovation in the digital smart wallet”.Read more >>
Virgin Media and its parent company announce plans for £3 billion network expansion in the UK.
The UK internet provider Virgin Media has announced plans to team up with parent company Liberty Global to invest a further £3 billion in private investment for its ultra-fast broadband network.Read more >>
Social networking giant Twitter is set to acquire social media talent agency Niche for $30 million.
Twitter has expanded its media ecosystem with the acquisition of the social media talent agency Niche in a deal that is expected to be worth at least $30 million in cash and shares. The value of the deal could possibly even go as high as $60 million if including employee-retention incentives, according to several media agencies familiar with the situation.Read more >>
Britain comes top of the charts in online trade and e-commerce, with a surplus that is larger than any other nation in the world.
The UK’s trade balance in the e-commerce industry is bigger than any other nation in the world, according to research from OC&C strategy consultants in collaboration with Google. In fact, with a trade surplus of over $1 billion, the UK brings in the most money through online retailing in the world.Read more >>
Technology companies in the UK will grow four times faster than GDP, a survey from Barclays found.
A survey of chief executive officers and tech firm owners found that they expect their business to grow around four times more than the expected economic growth of the UK.Read more >>
The UK is slowly becoming a nation of digital companies led along by the boom in London.
The UK is already well known for having one of the world’s strongest digital economies with a number of specialisms that range from artificial intelligence to video games development.Read more >>
Apple’s iPhone is likely one of the best product investments in history, with a $150mn investment yielding over $50bn in sales.
The success story of Apple’s iPhone is a shining example of how a product can change a company’s history. Especially since recent figures highlighted that the iPhone must be the most profitable product produced by a company in history.Read more >>
Bill Gates reveals how he thinks the world of 2030 will look in an open letter.
Looking into the future is often reserved for the likes of astrologers, fortune tellers and tarot card readers. However, there are few other visionaries as well placed to make some educated guesses than Bill Gates, who recently revealed his predictions for the four key developments that 2030 will hold, in an open letter from the Bill and Melinda Gates Foundation.Read more >>
Gmail users in the UK will soon be able to attach money to an email to transfer funds.
Soon to be rolled out across the UK will be the Send Money in Gmail feature that will allow those with Gmail accounts to attach funds to emails and transfer it with a simple click of the button. It will work even if the recipient doesn’t have a Gmail account; you just need to link your debit card or bank account to Google Wallet.Read more >>
During the final three months of 2014, Apple raked in $18 billion, the largest quarterly corporate earnings in history.
Apple, the tech gadget giant, has smashed records to post the largest quarterly corporate earnings figures in global corporate history, raking in an impressive $18 billion in the fourth quarter in 2014.Read more >>
Deloitte & Touche study claims Facebook generated 4.5mn jobs and added $227bn to global economy in 2014.
The number of users on the social network Facebook now surpasses 1.35 billion and would rank as the second most populated nation in the world, if it were a country.
It is figures like these that have led to a new study into the impact of Facebook on the real world, where the company states it has a real economic effect.Read more >>
Access to faster and more resilient broadband will be top priority of 2015 for most UK SMEs.
In today’s digital world, connectivity is key to success and it seems the UK’s population of small and medium-sized enterprises concur, as 90 per cent of UK SMEs will look to gain access to faster and more reliable broadband in 2015, according to a report commissioned by the internet provider TalkTalk.
The survey of 1,000 UK SMEs found that 90 per cent of respondents believed that broadband was crucial to future prosperity, and a quarter of all SMEs put technology in the list of top five priorities to achieve growth in 2015.Read more >>
A recent report from The Cloud highlights the growing trend of spending time online through WiFi.
It seems the UK is fast becoming a nation that increasingly chooses to spend their time online, according to data from The Cloud’s network of over 22,000 public hotspots. The figures showed a 78% increase in the amount of time logged on to public WiFI in 2014 when compared to 2013.
While access to public WiFi has improved, the results still illustrate how many more residents of the UK look to log on when out and about. In fact, last year alone, 28 billion minutes were whiled away online through The Cloud.Read more >>