Prioritizing a member-first strategy: Why building societies need to act now to ensure future success

For over 100 years, building societies have been a staple of our high streets and communities. During this time, they’ve built up a solid member base and garnered trust and loyalty. However, the tide is turning on this traditional model. Changing market dynamics, macro-economic pressures and the fact members now have more choice when it comes to where and how …

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Remote workers far more likely to do unpaid overtime

Compared to traditional office workers, remote workers are less likely to be paid a bonus for overtime, or promoted as a result of their hard work. This is according to a new report from the UK Office for National Statistics (ONS).  Analyzing remote workers between 2012 to 2017, the report claims that people who mainly worked from home were “less …

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Growth of IoT is causing serious security concerns

Cybersecurity is one of the main concerns among businesses today, and with the proliferation of Internet of Things (IoT) sensors the problem is only going to get worse. This is according to Andrey Suvorov, CEO at Adaptive Production Technology (a Kaspersky subsidiary). Suvorov cited a report from Juniper Research, which asserts that the number of IoT connections should rise by …

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The ICO dished out tens of millions in fines last year

The UK data protection watchdog issued dozens of fines last year to companies in breach of Privacy and Electronic Communications Regulations (PECR) and the Data Protection Act (DPA). According to a report from the Parliament Street think tank, the Information Commissioner’s Office (ICO) fined 17 companies a total of $58.8 million last year. The bulk of this sum ($27.7m) came …

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What can unstructured data management learn from Airbnb?

In its latest Global DataSphere Forecast, IDC predicts that the amount of data that will be created over the next three years will be more than the data created over the past thirty. In 2020 alone, the analyst house estimates that more than 59 zettabytes of data will be created, captured, copied and consumed.  To put this into perspective, a …

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Expect the unexpected – Black swans can open doors to opportunity

As the world navigates a global pandemic, 2020 has conditioned us all to live with uncertainty in new and challenging ways. In addition to Covid-19, charged racial unrest and a volatile U.S. election cycle have added to a pervasive sense of instability.  “Black swan” events, so named because of their rarity, are now the norm in business, financial markets, healthcare, …

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Edge-assisted Cloud-of-Things: everything your organization needs to know

Up till now, little was known on the impact of the Edge-assisted Cloud-of-Things (Edge-CoT) on organizations. Most academic papers explored the technological aspect of this next-gen cloud computing technology, ignoring its tremendous effect on companies across all industries and business models. In 2020, a study explored the effect of Edge-CoT on organizations, as well as the main preparation measures organizations …

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The future of medical treatment lies where AutoML and life scientists meet

Alzheimer’s Disease (AD) is the fifth leading cause of death for those aged 65 plus. There is currently no definitive diagnosis short of autopsy, and scientists are racing the clock against the arrival of the oldest average population in history. With this push comes an abundance of study data, and there just aren’t enough data scientists to keep up with …

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How to simplify, collaborate, and focus to enable endless digital business opportunities

It is no secret that enabling digital business offers new opportunities for growing revenue and achieving business goals. But for many companies, it’s a struggle to pivot from their complex business and technology environments toward a true agile digital business model. The top-performing enterprises right now are prioritizing digital innovation, according to a recent Gartner survey of 2,000 CIOs, and …

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In 2021, CIOs will become the secret weapon for growth

As key navigators leading their businesses out of the stormy waters presented by the global pandemic, CIOs should no longer be seen as ‘nerds in chief’, nor should IT teams relegated to the basement surrounded by cables and humming servers.  We know firsthand now that the closer the IT approaches and overall business strategies are intertwined, the more successful the …

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