Many executives aren’t sure they made the right pandemic tech investments
Looking at the past year, most senior decision-makers at UK businesses aren’t fully confident in the technology investments they made during the pandemic, a new poll suggests. A report from IT resilience company Sungard AS polling 500 senior decision-makers from the UK found that just above half (54 percent) are unsure whether or not the investments made during the pandemic …
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Many financial workers are still way behind on their tech knowledge
Finance departments in UK businesses seem to be stuck firmly in the past, as many haven’t modernized their practices in decades. This is according to a report from business process automation solutions providers Invu, called “The Covid-19 stress test for business: an accelerator for change”. Based on a poll of 210 business decision-makers working in organizations of varying sizes, the …
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Tech vendors have little insight into the modern buying process
At a time when the majority of organizations plan to increase their spending on technology, vendors are mostly clueless about what their customers want and need. This is the conclusion of a new report from analyst firm Gartner, which claims vendor engagement strategies “continue to underdeliver”. Gartner claims there are four types of technology buyers, based on “key behaviors that …
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UK tech firms are struggling to recruit the right workers
Businesses are having a difficult time recruiting high-quality staff for technology roles, data from Tech Talent suggests. According to the firm, less than a quarter of UK tech leaders find it easy to identify suitable candidates. US businesses seem to be having a better time in that respect with 47 percent of leaders finding it easy to hire. However, technology …
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UK now has 100 $1bn tech companies
The United Kingdom is now home to 100 technology companies worth at least $1 billion (also known as unicorns), new data from Dealroom and Tech Nation suggests. As reported by City A.M., the milestone was reached courtesy of Tractable, a start-up using AI to build computer vision tools. The firm recently announced $60 million in Series D funding, which brought …
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Transforming business mobility with tech innovation
Disruptive technologies are transforming transport and mobility – and we’re just at the start of the journey. A paradigm shift in how we live and work beckons, with tech advancements promising to make all our journeys fasters, cheaper, more convenient and sustainable. And as exciting new opportunities emerge for the transportation of goods and people, alternative commercial models will be …
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Many executives still don’t understand basic tech
Applications may not be a novelty these days, but not everyone is equipped with an understanding of their importance to businesses. According to a new report from managed cloud computing firm Rackspace, less than half of CEOs (49 percent) recognize the bottom-line benefits of applications, slightly below CTOs (53 percent) and CIOs (55 percent). The report is based on a …
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Hybrid-first has become the norm for tech deployment
Last year, when hybrid and remote working were just beginning to emerge as a major new trend in business, IT teams were rolling out new technologies to employees based on their positions and seniorities, in a very inflexible way. However, with the evolution of working culture, the way businesses roll out new technologies has also changed to become more fluid. …
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Most companies aren’t ready for the next big tech disruption
Despite 2020 acting as a major reality check for the entire business world, many Chief Information Officers (CIO) in the UK still believe they’re not completely prepared to help their organizations survive another similar disruption. These are the conclusions of a new study from digital transformation service provider Genpact. Polling 500 CIOs and technology leaders all over the world, the …
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UK leading the way in digital tech
No other country across across Europe has citizens using digital services more than the UK, new research has claims. A report by consulting firm McKinsey found 86 percent of UK citizens have used e-commerce or online services in the past six months. Since last Christmas, approximately seven million Brits accessed new digital services, mostly grocery stores and education services, bringing …
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