Hackers hit the European Central Bank

Although no market-sensitive data was compromised, the hackers stole personal information Hackers targeted the European Central Bank on Monday, stealing personal information data after requesting a ransom. The hacker, whose identity is not known, stole 20,000 email addresses, plus telephone numbers and addresses. The details are said to belong to people who registered for ECB events and although some of the data the company held was encrypted, email addresses, phone numbers and physical addresses were not. However, the personal data was held in a separate database to market-sensitive information that was…

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HP, Microsoft prove it again: Big Business doesn’t create jobs

The recent news of layoffs from computing giants provides proof, once again, of an old economic saw. It is not actually big businesses that create jobs, it’s the small and new ones. Our problem is that we’ve a political class (yes, all of it) that doesn’t really quite get this. They would like there to be lots of jobs, of course, but they think that the way to get them is to suck up to – to give privileges to – large extant employers instead of the people who actually…

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You ‘posted’ a ‘letter’ with Outlook… No, NO, that’s the MONITOR

What in HELL does ‘hit go’ mean?! Something for the Weekend, Sir? “Sorry to bother you. Are you busy?” Instinctively, I look at my watch. Here we go. Bet you he’s going to ask me to fix something trivial. “Don’t worry, Bill,” I reply. “What’s up?” “The computer web isn’t working.” Ah bless, the guy’s long past retirement age but still hangs in there. In fact, he’s a bit of an entrepreneurial demon. It’s just that he can’t conceptualise computers and can’t handle the terminology. “You mean there’s a problem…

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SAP gets into OpenStack bed with… ORACLE? (and 100 others)

Splurges $25k to get a seat at the open-source cloud project’s marketing table SAP is preparing to work with arch-rival Oracle on developing open-source software that will benefit both companies’ products. This perplexing state of affairs was announced by SAP on Tuesday when it said it had become a “Corporate Sponsor” of the OpenStack Foundation to the tune of $25,000 a year. Oracle is also a sponsor, as are tens of other companies including Ubuntu, HP, IBM, Cisco, Yahoo!, and more. OpenStack is a project founded by NASA and Rackspace in 2010…

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LG Electronics’ strong quarterly results Reflect turnaround of mobile business

SEOUL, July 24, 2014 — LG Electronics Inc. (LG) announced a 165 percent increase in second-quarter net profit compared with the same period last year, reflecting strong earnings from both the TV and mobile operations. LG reported second-quarter 2014 net profit of KRW 412 billion (USD 399.8 million) and operating profit of KRW 606 billion (USD 588.5 million), an increase of 26.5 percent year-over-year. Unaudited second quarter consolidated revenues of KRW 15.37 trillion (USD 14.93 billion) increased 7.7 percent from the previous quarter. The LG Home Entertainment Company saw steady…

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The Rise of the Connected Advisor

Due to their central role in client relationships, advisors are at the heart of traditional wealth management models. However, the need for advisors to guide clients through options in an opaque market is increasingly being called into question. As information proliferates and technology expands, potentially disruptive new competitors are coming online and forcing wealth managers to reconsider the role of the advisor. New channels for obtaining investment advice and selecting and evaluating advisors are emerging—all with the backdrop of a rapidly changing regulatory landscape. This is broader than just toolsets.…

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Data growth and margin expansion

(Fornebu 23 July 2014) Telenor Group is reporting solid financial performance for the second quarter with profitable growth. The results show close to four million new customers, continued revenue growth, a strong EBITDA margin of 36% and an operating cash flow of more than NOK 5.6 billion. Telenor Group reported revenues of NOK 26.8 billion in the quarter, representing an organic revenue growth of 1.6%. “The strong results in Norway reflect the rapid rise in customer demand for mobile data and our ability to provide relevant services supported by superior…

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Windows 9 “converged OS” vision for Windows Phone, PC & Xbox shared by Microsoft

Microsoft have promised universal apps for Windows Phone, PC and Xbox with the release of Windows 9 Microsoft is planning to introduce the concept of universal apps for multiple devices with Windows 9, with software for the operating system set to work across Windows Phone, PC and Xbox devices. This will mean that a single version of an app will work across all devices, possibly making Windows more inviting to developers who have previously steered clear of working with Microsoft over iOS and Android. The move puts Microsoft ahead of even Apple…

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Prepare for Successfull Millenial Business Relationships Now

Manufacturers will attract and retain more millennial customers than their competitors if they implement ERP software today. Tork, a professional hygiene brand owned by Svenska Cellulosa Aktiebolaget (SCA), recently completed its sixth green business survey andproduced crucial information for any business currently dealing with millennials. Millennials, or Generation Y, include young people born between the early 1980s and the early 2000s. The Gen Y population is not only the group most dedicated to the purchase of sustainable products, it will also pay a higher price for them and has done so more consistently than…

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What to Look for When Choosing a Small Business CRM

Customer relationship management (CRM) sounds great on paper. The technology can enable a company to build and improve customer relationships, provide better customer service, boost sales, and automate business analytics using a single, centralized solution. Not every organization that rolls out a CRM system, however, sees rewards. For some businesses, the investment does nothing to streamline processes or maximize revenue but rather results in a waste of time and money. The problems stem not from CRM itself but from poor implementation. According to a 2013 study from Merkle Group, 63…

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