Finance industry still reliant on ‘archaic’ data collection practices

For organizations in the finance industry, having timely access to relevant data makes the difference between success and failure. But many are still hanging on to “archaic manual data collection processes”, curbing their full potential. This is according to a new report published by proxy company Oxylabs, which states that more than half (52 percent) of finance companies in the …

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Email security ‘a ticking time bomb’ in the finance industry

As financial services companies grow, so does their dependence on email. However, the increasing use of email brings with it the potential for a rise in cyberattacks, and leaders in the industry are worried. These are the conclusions of a new report from cybersecurity company Mimecast, which states that almost two-thirds (62 percent) of financial services organizations believe it’s either …

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Q&A: Embracing industry disruption to get the most from your data

Why is a data-driven culture of business necessary for surviving the next major disruption, be it political, regulatory, new technology, or the next pandemic?  Large-scale change and transformation programs often fail when data management is an afterthought. Outdated IT strategies are preventing organizations from embracing industry disruption and taking advantage of the opportunities that technology presents, particularly in terms of …

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Manufacturing industry setting its sights on digital transformation

Covid-19 has forced the majority of manufacturers into digital transformation, a new report from InfinityQS has found. The report states that 52 percent have either begun or are currently looking into digital transformation initiatives to enhance their operational performance, with advanced analytics being a top priority for a quarter of them (24 percent). Last year was a challenging one, with …

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UK tech industry sees major growth over last decade

London’s tech industry has increased tenfold over the last decade, a new report from the UK government’s Digital Economy Council and Dealroom, a discovery platform for investors, claims. According to its figures, the number of unicorns in the country (companies valued at least $1 billion) grew from 8 to 81, with those nearing unicorn status growing at a similar pace. …

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IT consultancy industry is booming thanks to the pandemic

Many businesses may have gone under during the pandemic, but many more have been created and have zero intention of closing up shop once restrictions are lifted. This is according to a new report from The Accountancy Partnership, an online accounting service for UK businesses, which states that there were a “record number” of new businesses started in 2020. These …

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How Covid-19 has changed investment in IT Services – and what’s next for the industry

Despite the Covid-19 pandemic, the IT services industry has continued to thrive through 2020 and into 2021. Even though many corporates have cut costs and stockpiled cash, IT spend has remained robust. The pandemic, and the ensuing changes to working practices, has thrown the spotlight on a company’s IT capabilities like never before and increased demand for solutions to the …

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The four biggest challenges facing the payments industry right now

We all know that 2020 was an unusual and challenging year for everyone and as much as we would have all wished that things could have gone back to normal the second the clock struck midnight on the 31 December, that has unfortunately not been the case. Most industries and businesses continue to face a number of challenges, some carried …

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With industry momentum, comes great responsibility

Shockwaves filtered through businesses as they adapted to a “new normal,” solving unique issues overnight. Business leaders had to manage potential threats to business continuity. They identified the production, distribution and supply chain networks within areas potentially impacted, while implementing mobilisation, isolation and education strategies for workers. Resilience was put to the test – and freshly sown where it failed …

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