Posts Tagged ‘Technology’

How cloud technology can pose huge risks to your business

June 30th, 2014

From Google Docs to Dropbox, these programs make it easier for employees to access data on a range of devices in multiple locations.Outsourcing22

This could be anything from sharing content to sending internal messages, uploading pictures to storage and backing up data. But with more and more people using this technology, transferring data to cloud technology can put security at risk, without even realising they are doing so.

Unknown threats: IT departments left in the dark

“The biggest problem is that employees are using cloud technologies without vetting them for safety,” says Rajiv Gupta, CEO of cloud security start-up Skyhigh Networks.

“With liberated employees, it’s as easy as getting an email with a link and clicking on it. The IT department are usually the last to know, and it can be a serious risk to your data.”

This has generated a fear that appears to be seeping through businesses, as cloud security start-up Skyhigh Networks announced recently that they have raised almost $40 million in capital to expand its two-year-old business overseas.

Mr Gupta argues that the unknown threat of cloud security is the most dangerous aspect.

“In every company out there, it’s a big difference between the number of cloud applications approved, and the number that are being used.” He estimates that there could be between 10 and 30 times more applications being used than are known by information security officers.

Employees are unaware of how the programs they use can affect them

Many employees may not even realise they are putting their companies’ data at risk by using programs and applications like iCloud, Dropbox, and Evernote – but these are all cloud-based services that have the potential to be hacked. If employees use them to store valuable data, it poses big security risks.

Mr Gupta recalls speaking to the CEO of a bank about cloud space, which he knew all about and was confident his business was as secure as it could be with the cloud.

“Then he stopped and said, ‘Wait, I’m using Evernote to store my details. I create these codes, and even I am violating theses codes!’ We are all using cloud technology in different ways, to different degrees, and businesses must recognise and understand it all.”

Multiple mobile devices

One of the problems chief information officers are facing is their staff bringing smartphones and tablets into the workplace and using them with company and public WiFi.

Guy Bunker, product and cyber security expert at Clearswift cyber security solutions said: “As employees increasingly rely on mobile apps as a data hub for work files, including cloud collaboration, it’s more important than ever that mobile security is put in place, as well as ensuring best practise concerning passcodes.”

“As we move into the ‘bring our own app’ or BYOA era, businesses and employees have very little visibility over the data exchange between the devices and the cloud,” said Garry Sidaway, global director of security strategy at NTT Com Security.

“The Global Threat Intelligence Report showed that many applications that send sensitive data to the cloud are not being detected by anti-virus software.”

A centralised IT solution?

Gareth Maclachlan, chief commercial officer at mobile protection firm Adaptive Mobile says that a centralised solution to “identify and apply on sites employees may connect to” is the best way to mitigate the risks that can arise when using cloud technologies.

“There’s no other way of knowing whether people are using third party applications which could be unsafe,” he said. “We need to be sure that if we connect to a service that we know if it can become compromised or not.

Alternatively, he suggests that IT officers might consider outsourcing to third-party security firms to make sure their data is as safe as possible.

Bruce Grove, general manager for cloud gaming platform OnLive, is positive about the use of cloud computing despite its risks, and insists its use “will accelerate”, and that “companies need to embrace it”.

“The key is to understand the risks of cloud technology, and remember that it is just a tool to solve a problem of your security needs and business needs,” he said.

“Central management of cloud-managed data means that I can switch that data off at any time and then access it is I need to, but I don’t have to manage the individual devices.”

He also suggests that protection can be helped with multiple back-ups, resources, and points of access. Companies also have the option of developing their own cloud solutions that are purpose-built and managed for them directly, as opposed to using a third-party system.

“Companies in tight security industries, such as financial services, are looking into this,” he said. They want to keep everything within their own control.”

The blurring of boundaries between home and work

With access to cloud technology online available to almost all employees in the office and at home on the same device, the scope for bypassing the IT department for solutions to IT problems poses even more of a risk, with more unknown applications, and the use of public WiFi which can more easily be compromised.

“Our work lives are becoming more intertwined,” said Mr Gupta. “The consumerisation of IT has expanded, it’s convenient and employees like it. More often than not, the same devices are used at home as in work, and most people don’t think about it.”

Source:http://business-technology.co.uk/2014/06/how-cloud-technology-can-pose-huge-risks-to-your-business/

Cognizant Technology Solutions aims to reach $10-billion club

February 6th, 2014

Cognizant Technology Solutions is aiming to join the $10-billion club this year, with a growth forecast of 16.5% over 2013 that some analysts felt was conservative.

Teaneck, New Jersey headquartered Cognizant said fourth-quarter profit rose to $324.3 million, buoyed by strong orders in the financial services, healthcare and manufacturing space. That was a 16.3% increase on the year-earlier quarter, according to a company statement.

Cognizant’s full-year revenue growth guidance is seen as the benchmark for the IT industry as the company has traditionally grown 5% to 10% above its India-based peers such as Tata Consultancy Services BSE -1.60 %, Infosys BSE -0.97 % and Wipro BSE 0.89 %.

If the company meets its guidance, it will hit $10.3 billion in the current calendar year, which is also its fiscal year. Revenue for the current quarter ending March 31, will be at least $2.42 billion, Cognizant said. Revenue for the December quarter was up 20.9% to $2.355 billion from $1.948 billion in the same quarter of 2012.”The Q4 results were in line with consensus (we expected to be above) and 2014 guidance was lower than the Street, albeit, likely viewed as conservative. Growth was primarily driven by financial services and healthcare,” Baird Equity Research said in a note.

For the full year, the company said that net income was $1.2 billion, or $4.03 per diluted share, compared to $1.1 billion, or $3.44 per diluted share, for 2012.Cognizant had given an initial 2013 guidance of at least 16% for organic revenue growth (and 17%, including 1% from acquisitions). The company had revised this higher in the subsequent quarters and ended the year with 20.4% growth to $8.8 billion.

In Q4, Consulting and Technology Services grew 20% year-over-year and 1% sequentially. Outsourcing Services grew 22% year-over-year and 4% sequentially. For the full year, consulting and technology services grew 18%, and Outsourcing Services grew 23%. The headcount increased by 5,000 during the quarter, taking the total tally to 1,71,400 employees. Cognizant has about 75% of its staff in India.

The board of directors of Cognizant has declared a twofor-one stock split on its Class A common stock in the form of a 100% stock dividend. According to this, stockholders of record as of February 21, 2014, will be entitled to one additional share of Class A common stock for each share held on the record date.

Source:http://economictimes.indiatimes.com/tech/ites/cognizant-technology-solutions-aims-to-reach-10-billion-club/articleshow/29919244.cms

Why Are We So Afraid of Outsourcing Technology?

January 14th, 2014

The fear of using development firms among founders and investors is holding back entrepreneurs (especially female ones), argues Ellie Cachette. outsourcing47

While the debate about why there aren’t enough women in tech is ongoing, there is some truth that there hasn’t been sufficient generational mentorship. Many crafts require knowledge to be passed on from generation to generation, but for startups everything is changing particularly rapidly — technological progress in the last fives years has been unsurpassed as we see with rising company valuations and recent IPOs. The sky truly is the limit, but telling female founders to just “learn how to code” isn’t enough, and the debate about how to get women involved doesn’t help the conversation either.

The true issue is that each phase of a company’s growth requires different skill sets. These can change faster than any group of people can adapt and learn. Yet so often “outsourcing technology” is seen as a turnoff for investors. When a founder is trying to raise money, especially on the West Coast, the first question is often, “Who is your technical co-founder?”

In an industry where innovation is worshipped, innovation can often stalled by niche product expertise without launching expertise or launching expertise without product expertise. Or marketing expertise without product expertise. There are so many important things to know and learn, and in the earliest stages of a startup, technology should not be the variable. Sometimes the winner is who can get their product mastered first. In this case, development agencies can be helpful to budding founders or those with experimental ideas.

While it’s often only talked about in hushed voices, many successful startups leverage outside development agencies, and until your business has high security needs, this might work for mid-term company growth as well as short term. When time and “Go To Market” are your most important focus, here are three ways a development firm can help all founders, especially female founders.

Building products: Depending on where an idea is, having a MVP vs MSP vs PMF is the difference between raising your family and friends round or your Series A. Knowing what metrics to use and the quality of product can also save time on the learning curve. (Read more about how to build a MVP as a non-technical founder or reaching Product-Market Fit.)

User acquisition: One area where it can be helpful to have instant expertise is user acquisition. Building an app is one thing, getting users is another. Learning how to do this can be tricky and having those that are already masters of the craft can save startups time and money (Here are some user acquisition tricks that worked.)

Branding and marketing: Founders need to understand how to market their product, even if their idea is not in an area which they have worked in previously. Is your product for investors, consumers or enterprise? Most development agencies have a variety of resources and teams. Make sure to put in the time to do the research on how to market or hire for marketing while in a growth phase.

The debate around “Girls vs Boys” may never end, but what can change is how fast knowledge is transferred between people. If you are a new founder and looking at why or how you should decide on a development agency, ask yourself how much money you have and how much time, because, in the end, having a successful company isn’t about “learning to code” or getting the most financing. We already know women tend to get less funding than men. The real question shouldn’t be who your technical co-founder is but whether you are passionate enough to change an industry.

Source:http://www.forbes.com/sites/women2/2014/01/13/why-are-we-so-afraid-of-outsourcing-technology/

Information Technology Services Stocks Alert: International Business Machines Corp. (NYSE:IBM), Xerox Corporation (NYSE:XRX), Riverbed Technology, Inc. (NASDAQ:RVBD), Honeywell International Inc.

July 17th, 2013

PennyStockParlay.com Our process for picking penny stocks is not only unconventional, but untapped, undiscovered, and also exclusive. To keep our picks consistent with how only the “Best Penny Stocks” perform in the penny stock market, we have to keep our penny stock picks producing large and consistent gains. Have a look at today’s active stocks: International Business Machines Corp. (NYSE:IBM), Xerox Corporation (NYSE:XRX), Riverbed Technology, Inc. (NASDAQ:RVBD), Honeywell International Inc.(NYSE:HON)

International Business Machines Corp. (NYSE:IBM) opened its shares at the price of $192.42 for the day. Its closing price was $194.00 after gaining +1.00% for the day. The company traded with the total volume of 5.68 million shares, while its average trading volume remained 3.94 million shares. The beta of IBM stands at 0.67.

International Business Machines Corporation (IBM) is an information technology (IT) company. IBM operates in five segments: Global Technology Services (GTS), Global Business Services.

Why Should Investors Buy IBM After The Recent Gain? Just Go Here and Find Out

Xerox Corporation (NYSE:XRX) percentage change surged +0.20% to close at $9.84 with the total traded volume of 5.47 million shares, less than average volume of 8.01 million. The 52 week range of the stock remained $6.10 – $9.88, while its day lowest price was $9.79 and it hit its day highest price at $9.88.

Xerox Corporation,provides a portfolio of business process and information technology (IT) outsourcing support, document technology and solutions.

Will XRX Continue To Move Higher? Find Out Here

Riverbed Technology, Inc. (NASDAQ:RVBD) remained among the day decliners and traded with volume of 3.14 million shares in the last session, as compared to average volume of 2.38 million shares. Then 52 week range of the stock remained $13.37 – $24.23, while its day lowest price was $16.99 and it hit its day highest price at $17.22. RVBD’s total market capitalization is $2.79 billion, along with 163.16 million shares outstanding.

Why Should Investors Buy RVBD After the Recent Fall? Just Go Here and Find Out

Honeywell International Inc.(NYSE:HON) started its trading session with the price of $82.50 and closed at $82.30 by scoring -0.08%. HON’s stocks traded with total volume of 3.39 million shares, while the average trading volume remained 3.13 million shares. The beta of HON stands at 1.35. Day range of the stock was $81.71 -$82.68.

Honeywell International Inc. (Honeywell) is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control.

Source:http://www.techsonian.com/information-technology-services-stocks-alert-international-business-machines-corp-nyseibm-xerox-corporation-nysexrx-riverbed-technology-inc-nasdaqrvbd-honeywell-international-inc/1217693/

Accenture to Strengthen Digital Marketing and eCommerce Capabilities with Acquisition of Acquity Group

May 20th, 2013
Accenture and Acquity Group Ltd. (NYSE MKT: AQ) have entered into a definitive agreement under which Accenture will acquire Acquity Group, a leading digital marketing and eCommerce company. The acquisition will further strengthen and expand the broad range of digital marketing services that Accenture provides to clients.
“The acquisition of Acquity Group will expand our capabilities in key areas of digital marketing and eCommerce, complementing our strengths in strategy, analytics, scaled technology enablement and marketing operations.”
Accenture has agreed to pay $13.00 per outstanding American Depositary Share, each of which represents two ordinary shares ($6.50 per ordinary share), or a total of approximately $316 million, in cash for Acquity Group. The acquisition is subject to Acquity Group shareholder approval as well as other customary closing conditions.
Acquity Group provides strategy, digital marketing, and technical services to hundreds of companies to enhance their brand experiences and eCommerce performance. The acquisition will broaden Accenture’s own services in these areas, which the company provides through Accenture Interactive, its group that offers chief marketing officers (CMOs) and brand leaders a comprehensive suite of marketing, technology and analytics solutions to help them improve their marketing performance.
The addition of Acquity Group’s skills and capabilities in eCommerce and leading digital platforms such as Adobe and hybris, supported by Accenture’s industry depth and global delivery capability, will help Accenture Interactive further address the most pressing needs of today’s CMO in the midst of a digital transformation in marketing.
Acquity Group is the second-largest independent digital marketing company in the United States. It has grown rapidly in recent years, with revenues of $141 million for 2012, an increase of 32 percent over 2011. Once the acquisition is complete, Acquity Group’s more than 600 employees are expected to join Accenture Interactive.
“Chief marketing officers and brand leaders are looking for a new type of service provider that can blend the creative process with analytics and enabling technologies to engage consumers and deliver compelling user experiences across channels,�?? said Brian Whipple, global managing director of Accenture Interactive. “The acquisition of Acquity Group will expand our capabilities in key areas of digital marketing and eCommerce, complementing our strengths in strategy, analytics, scaled technology enablement and marketing operations.�??
Chris Dalton, CEO of Acquity Group, said, “As one of the pioneers in eCommerce and digital marketing services, Acquity Group is pleased to be joining forces with Accenture, one of the largest and most successful consulting, technology and outsourcing companies in the world. Our combined expertise will allow us to deliver transformational ebusiness solutions for our clients at scale and attract the best talent in the industry.�??
Kirkland & Ellis LLP is acting as Accenture’s legal adviser with regard to the transaction. Goldman Sachs (Asia) L.L.C. is acting as financial adviser to Acquity Group and Shearman & Sterling LLP is acting as its legal adviser with regard to the transaction

Accenture and Acquity Group Ltd.  have entered into a definitive agreement under which Accenture will acquire Acquity Group, a leading digital marketing and eCommerce company. The acquisition will further strengthen and expand the broad range of digital marketing services that Accenture provides to clients.

“The acquisition of Acquity Group will expand our capabilities in key areas of digital marketing and eCommerce, complementing our strengths in strategy, analytics, scaled technology enablement and marketing operations.”

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Accenture has agreed to pay $13.00 per outstanding American Depositary Share, each of which represents two ordinary shares ($6.50 per ordinary share), or a total of approximately $316 million, in cash for Acquity Group. The acquisition is subject to Acquity Group shareholder approval as well as other customary closing conditions.

Acquity Group provides strategy, digital marketing, and technical services to hundreds of companies to enhance their brand experiences and eCommerce performance. The acquisition will broaden Accenture’s own services in these areas, which the company provides through Accenture Interactive, its group that offers chief marketing officers (CMOs) and brand leaders a comprehensive suite of marketing, technology and analytics solutions to help them improve their marketing performance.

The addition of Acquity Group’s skills and capabilities in eCommerce and leading digital platforms such as Adobe and hybris, supported by Accenture’s industry depth and global delivery capability, will help Accenture Interactive further address the most pressing needs of today’s CMO in the midst of a digital transformation in marketing.

Acquity Group is the second-largest independent digital marketing company in the United States. It has grown rapidly in recent years, with revenues of $141 million for 2012, an increase of 32Â percent over 2011. Once the acquisition is complete, Acquity Group’s more than 600 employees are expected to join Accenture Interactive.

Chief marketing officers and brand leaders are looking for a new type of service provider that can blend the creative process with analytics and enabling technologies to engage consumers and deliver compelling user experiences across channels, said Brian Whipple, global managing director of Accenture Interactive. The acquisition of Acquity Group will expand our capabilities in key areas of digital marketing and eCommerce, complementing our strengths in strategy, analytics, scaled technology enablement and marketing operations.

Chris Dalton, CEO of Acquity Group, said, As one of the pioneers in eCommerce and digital marketing services, Acquity Group is pleased to be joining forces with Accenture, one of the largest and most successful consulting, technology and outsourcing companies in the world. Our combined expertise will allow us to deliver transformational ebusiness solutions for our clients at scale and attract the best talent in the industry.

Kirkland & Ellis LLP is acting as Accenture’s legal adviser with regard to the transaction. Goldman Sachs (Asia) L.L.C. is acting as financial adviser to Acquity Group and Shearman & Sterling LLP is acting as its legal adviser with regard to the transaction

Source:http://www.theautochannel.com/news/2013/05/18/076692-accenture-to-strengthen-digital-marketing-and-ecommerce-capabilities-with-acquisition.html

Global Information Technology Services Industry

March 1st, 2012

Reportlinker.com announces that a new market research report is available in its catalogue:

The global outlook series on Information Technology Services provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a rudimentary overview of the industry, and details trends such as, the emergence of SaaS model, growing popularity of Green IT and cloud IT services, shift towards offshoring, and continued consolidation in the service provider market, among others. Key insights are provided for IT service segments such as computer programming services, custom software development services, IT consulting services, IT education and training services, hardware maintenance services, IT support services, and IT outsourcing services. The report identifies and discusses key regional markets, such as, the US, Japan, Europe , Asia-Pacific, Latin America and Middle East. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of 529 major companies worldwide.

Source:http://www.sys-con.com/node/2185671

Harvey Nash Strengthens Technology and Telecommunications Executive Search Practice by Appointing Industry Expert

February 28th, 2012

Harvey Nash Group plc, a global provider of professional recruitment and outsourcing services, announces the appointment of Chris Jenkins to strengthen their global Technology and Telecommunications Executive Search practice.

Jenkins joins Harvey Nash with over twenty years experience of executive search in the telecoms and technology sectors, having worked in both the UK and the US, with both global and boutique search firms.

Commenting on the appointment Nigel Parslow, UK Managing Director, Harvey Nash Executive Search said: “We are delighted to welcome Chris to the Harvey Nash Group. He shares our ambitions for the Technology and Telecommunications Practice. Chris will grow our business significantly in this sector by working closely with our clients around the world on their senior resourcing strategies.”

Jenkins said: “Harvey Nash is known as a dynamic international business, dedicated to long term relationships and excellent client support in the technology and telecoms sector. I wanted to work with a firm that not only specialised in these sectors but was also a leading exponent of them. -Harvey Nash have been pioneers in the use of technology and social media to support their core search activities, ensuring they are one of the best connected of the major global search firms. I’m excited to join an organisation with a client list that includes the Fast Track Tech 100, as well as Fortune and FTSE businesses.”

Source:http://www.marketwatch.com/story/harvey-nash-strengthens-technology-and-telecommunications-executive-search-practice-by-appointing-industry-expert-2012-02-27

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