78% of IT and Computing Businesses Do Not See Brexit as a Threat

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Leading commercial insurer RSA has today released a report, Future Impacts, which assesses the effects of economic events such as Brexit on business growth, as well as the risks that businesses face and how they are managing those risks.

The research found that Brexit is not perceived as a risk by 78% of businesses in IT and computing, with 35% stating that leaving the EU will have no impact at all, and 43% saying it will have a positive effect on their business. This compares to an average of 70% amongst SMEs across the UK. However, SMEs did identify a range of more significant threats which many companies are not sufficiently protected against.

29% of SMEs in IT and computing sector say they would go out of business if faced with an unexpected bill of £50,000, compared to a national average of 28%. Yet 49% of SMEs in the IT and computing sector are not insured against any of their top three risks, which is slightly lower than the national average of 58%.

The top three risks UK SMEs identified were:

  • Economic uncertainty (35%)
  • Increasing market competition (35%)
  • Cash flow (31%)

Additionally, almost nine in 10 (88%) insurance brokers see underinsurance as a problem for their SME clients, suggesting that businesses which do not have enough insurance in place are potentially at risk of not being covered for the full cost of repairing the damage caused by unexpected issues.

Future risks

RSA’s Future Impacts report also investigates the emerging risks for UK businesses, with 73% of SMEs stating that new risks have emerged since they first started their company. However, little is being done; for example, 82% have not altered or increased their insurance coverage as a result of technological change.

The threat of cyber-attacks, for example, is one of the most prominent emerging risks for businesses. While government figures show that two thirds of large businesses and three quarters of SMEs have experienced some form of cyber-attack1, RSA’s research found only 9% of businesses have cyber cover in place, and only 26% said they are concerned about the threat posed by a cyber-attack.

Businesses’ lack of protection against cyber threats is echoed by government data, which found that approximately one third of firms had formal written cyber security policies and only 10% had an incident management plan in place.2

Russell White, Schemes and Deals Director, Regions and SME, Commercial Risk Solutions at RSA, said:

“The technological landscape is changing at an unprecedented rate bringing businesses both new opportunities and new threats. Despite pushing these technological advancements, SMEs are also being left behind the curve when it comes to securing themselves against the risks presented by cyber development. It is interesting to learn that only 12 percent of businesses in the IT and computing sector have cyber cover, despite them understanding the landscape.”

Russell added: “The onus is not only on SMEs themselves to better manage their risks, but also on brokers and insurance providers to proactively raise awareness of the protection gap and help SMEs to better understand the risks they face, and what they can do to protect themselves against them. RSA has devised a number of recommendations demonstrating what insurers, brokers, government and SMEs themselves can do to subvert this trend and help strengthen UK businesses and their contribution to our economy.”

For more information visit: www.rsabroker.com.

Education Recruitment Expert Responds to Looming Headteacher Crisis

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Following research by three education leadership organisations, which has found that schools in England could face a shortage of almost 20,000 heads by 2022, education recruitment expert, Baljinder Kuller, has outlined possible reasons behind failing talent pipelines.

The report, by the Future Leaders Trust, Teaching Leaders and TeachFirst, concluded that England could be facing a shortage of up to 19,000 senior teachers by 2022 if action is not taken to plug the gap. It found that one in four schools across the country could be affected by a lack of headteachers, deputy heads and assistant heads. It also argues that an increase in pupil numbers and more school leaders retiring and leaving the profession early, along with increasing demand for senior staff to work at academy trusts, means that more people are needed to step into top roles.

Baljinder Kuller has been on the front line of teacher recruitment for over 15 years, working both within local authorities and third party recruitment consultancies before becoming managing director of online portal, The Supply Register.

Commenting on the analysis, Kuller said:

“It’s unsurprising that leading organisations have forecast a looming headteacher crisis. According to the NUT, 92% of schools are expecting to have real term cuts by 2020. Teachers are dropping out of the profession at an alarming rate and without robust pipelines there will not be sufficient talent available to lead schools for the next generation. According to the Public Accounts Committee, the Department for Education has ‘repeatedly’ missed its own targets to fill teacher training places and warns of ‘significant’ shortfalls for teachers. Furthermore, it criticises the DfE for showing ‘little curiosity’ about the size and extent of teacher shortages, claiming it does not understand the gravity of the situation and assumes that head teachers will deal with gaps. Against this backdrop, how are schools supposed to develop future leaders?”

“This climate is creating what some commentators have labelled a supply paradox. As teacher shortages mean the traditional ‘black book’ approach to supply staffing becomes less feasible, agencies are increasingly called in to source talent. The lower pay and poor CPD support offered by some agencies can demotivate and discourage teachers – worsening the shortage. Put simply, the agency ‘solution’ could be contributing to the problem.”

“Add to that the fact that the new breed of headteachers are expected to manage schools as businesses, with the requisite procurement capabilities, and it’s clear that there must be a shift in the way that leaders are trained and talent is pipelined. This could spell the end of the role of the traditional headteacher, where those training to be teachers become subject specialists and a new form of school leader is developed.”

3E Accounting – A Leading One-Stop Services Provider

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3E Accounting, a Leading One-Stop Services Provider

 

“It seems that it’s nearly impossible for a 26 years old young man to start an accounting firm, however, with the support from the partners, team and clients, we have made it and became the leading corporate service provider that goes beyond Singapore.” Lawrence Chai, founder of 3E Accounting, has started the accounting from scratch in 2011 to today with a group of international network members of more than 600 staffs.

The desire for being able to allocate more time taking care of their family, when both Lawrence and Stephanie were expecting a child gave birth to 3E Accounting, an accounting firm that promotes work life balance, after both decided to quit from their previous workplace that does not promote work life balance. In 3E Accounting, none of their accountants work on weekends, even in peak season. Not to mention, almost every staffs go home on time.

 A Truly One-Stop Solution Services Provider

3E Accounting is the first accounting network that is not auditing focus, but focusing on assisting entrepreneurs on how to expand their businesses to overseas market, regardless developed countries or developing countries. With the fast development of market and business opportunities in Asean, 3E Accounting has an international network that cover all countries in Asean, except for Brunei.

As a truly one-stop solution services provider, 3E Accounting does not just help clients in setting up their businesses only, but also to resolve all things, including license application, work passes and visa, accounting, taxation, GST, secretarial services, human resources and more.

International Network

As Lawrence and Stephanie both realized the difficulties of finding network that focuses on helping clients to start their business easily in a country, they took the initiatives to set up their own network in January 2016. They are able to set up the whole structure easily together with their affiliated lawyer with the help from IE Singapore who provides supports of grant assistance through Market Readiness Assistance (MRA) Grant.

To become the World’s leading corporate services provider, offering services beyond excellence is 3E Accounting’s Vision. They are currently targeting to have 50 countries to join their network by 2018, with existing network that has presence in 27 countries, with 38 offices and over 600 staffs.

In order to keep on growing, eventually becoming the leader in this field, innovation has become another key of the international network. Every member in the international network will continuously share knowledge and learning from each other.

Nothing is happier for 3E Accounting to be able to assist SMEs in Singapore to expand their business overseas easily as everything is being taken care. Furthermore, to see the client is able to just start their business without need to worry about all the compliance in a country which accountants is taken care of.

Awards and Achievements

Standing tall as the most award winning accounting firm in Singapore that is not focusing on auditing services, 3E Accounting is pleased to received awards and recognitions such as Promising SME 550 2014 by Small and Medium Business Associations, Singapore Prestige Class Awards 2014/2015 by Singapore Business Media Pte. Ltd., TAFEP Exemplary Employer Award 2016, Top 10 Premium Compliance Services Providers of 2016 in the APAC region by Enterprise Services Insights, etc.

In addition, 3E Accounting Pte. Ltd is now a Xero Certified Advisor that provides Xero Cloud Accounting Software in Singapore on valuable business and tax advice which assists their client’s in setting up on Xero software since June 2016.

Furthermore, 3E Accounting Pte. Ltd. is also a QuickBooks ProAdvisors that provides QuickBooks Online Services in Singapore to their client’s in deep product knowledge and stellar client service.

Apart from that, 3E Accounting Pte. Ltd. have become the 1st Accounting Firm to implement the Revolutionary Double Robotics Technology on 1 April 2016.

 

Never Stop Learning, Never Stop Growing

When everything is about efficiency, 3E Accounting realized that if they are not fast enough to response to changes, they will soon be replaced by someone else. Hence, they will never stop learning and growing, to make sure they are always in the lead of all competitors.

They are not satisfied with current condition only and still working hard to be more innovative. It is their culture to continuously improve themselves and be innovative, shaping the industry rather than just a follower.

 

3E Accounting Pte Ltd
Address: 51 Goldhill Plaza #07-10/11, Singapore 308900
Contact:  65 6690 9262
Email: [email protected]
Website: www.3ecpa.com.sg

 

JOMOO Group Selects Eurostop Systems to Transform Its Wholesale Business to a Retail Operation Acros

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One of the largest manufacturers of sanitary ware in China to grow retail business with Eurostop systems across franchise stores, showrooms and sales outlets Eurostop, a leading supplier to fashion, footwear and lifestyle sectors, has announced that JOMOO Group has chosen Eurostop’s retail management system to expand its wholesale operations into a retail business. JOMOO selected Eurostop’s e-retail and e-pos for over 4,000 authorised franchise outlets as well as its own flagship showrooms and stores selling its bathroom and kitchen ceramics and accessories.

Eurostop’s e-retail has been developed by Eurostop Shanghai to meet the specific needs of larger retailers in China and is already used by leading international and professional sports brands Erke and ANTA.

JOMOO will be using Eurostop’s customer loyalty module and business intelligence system to provide insights on customer preferences across the business.

Hew Poh Yin, Managing Director at Eurostop China said; “Our stock control and merchandising system will empower JOMOO as they transform to a retail business model. Central visibility of stock and sales across the entire business should prove invaluable. In conjunction with customer loyalty information, this should enable streamlining the customer experience as well as business operations, improving turnover and profit margins as a result.”

JOMOO’s product range is sold in the China mainland, Hong Kong, Macao, Taiwan and exported to EU, North America and South-East Asian countries and has international franchise shops in UAE, Vietnam and Myanmar.

The 2016 Executive Awards Press Release

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Corporate Vision Unveils the 2016 Executive Awards Winners

United Kingdom, 2016– Corporate Vision Magazine has announced the winners of the 2016 Executive Awards.

The 2016 Corporate Vision Executive Awards pay tribute to the shining stars of the executive world who form not just the backbone of their individual firms, but of their wider sectors and industries.

Creativity, innovation and passion for the product or service are the things that separate great companies from merely good ones and these awards celebrate the individuals who, through their commitment to these areas, are the driving force behind their firms’ growth and prosperity.

Elizabeth Panayi, Awards Co-ordinator, expressed her pride in her winners: “This awards programme highlights the very best executives from across the business market, and it has been a real pleasure to be able to showcase the hard work and commitment of these innovators and visionaries who are working tirelessly to ensure the continued prosperity of their firms. I would just like to wish every one of my winners the very best of fortunes in the future.”

To learn more about these illustrious winners, and to find out the secrets behind their success, please visit http://www.corp-vis.com/.

ENDS

NOTES TO EDITORS

About Corporate Vision Magazine

Created by a highly experienced and passionate team of business experts, advisors and insiders, Corporate Vision provides discerning readers worldwide with a wealth of news, features and comment on the corporate issues of the day.

Huntsman Security Appoints New Chief Technology Officer

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Huntsman Security announced today that Nick Humphrey has been appointed as global Chief Technology Officer responsible for developing and delivering the strategic technology plan, and guiding R&D into security intelligence capabilities to align with new requirements emerging from customers and industries the company serves.

Nick has over 15 years’ experience in cybersecurity, most of those with UK national security and law enforcement agencies. Nick comments “I am delighted to take up this new challenge. Huntsman Security already has a number of my previous government employers as existing customers, so there is a degree of consistency in terms of the understanding of the problems being faced and the thinking in how to respond. In addition, commercial organisations are increasingly facing data volumes which were traditionally associated only with global technology companies and national governments, and so we have just started an exciting new development initiative which will scale Huntsman’s analytical capability to petabytes and beyond. Our ability to empower decision-making and automate security response at this level is going to change the way that Security Operations Centres operate.”

Peter Woollacott, CEO said “Nick’s wealth of experience and knowledge of industries where cyber security is critical make him a key addition to the growing team at Huntsman Security. We regard his appointment as a sign of our commitment to being a leader in our industry. Driving innovations to address the pressing need to reduce organisations business risk led us to appoint someone of Nick’s calibre to fulfil this role. I’m absolutely confident that Nick will play a critical role in providing and developing high quality solutions for our customers.”

About Huntsman Security

Huntsman Security is a private company that pioneered intelligent enterprise and cyber security analytics with its landmark platform, Huntsman® Enterprise SIEM, incorporating intelligent machine-learning and Behaviour Anomaly Detection (BAD). In Forrester Research’s 2016 Vendor Landscape: Security Analytics, Huntsman is now acknowledged for delivering an end to end process for information security management using real-time Security Analytics. The capability delivers real-time safe automation to reduce organisations time at risk. Huntsman is deployed in central government, finance and infrastructure environments in the UK, Japan and Australia. See www.huntsmansecurity.com

Logic Programming Associates Ltd – Artificial Intelligence Innovators

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LPA provides a range of software development tools for both programmers and non-programmers who wish to deliver knowledge-based decision support and expert systems. Marketing Director, Clive Spenser gives us an insight into what the firm does to stay ahead in the industry.

Logic Programming Associates Ltd develop advanced software solutions using artificial intelligence algorithms. Since 1981, LPA has been developing and supplying software tools to application developers based on LPA Prolog for Windows, the world’s leading commercial Prolog compiler system. In recent years, the company’s focus has moved to its VisiRule product – graphical tool for non-programmers to develop and deliver rule-based and expert systems simply by drawing their decision logic. This is as a result of a conscious effort to deskill the technology stack which LPA has, and make it available to a much wider audience of non-programmers. The goal is to empower business users to build their own cognitive models and deploy them as expert systems.

LPA’s clients range from small software developers who want to build intelligent solutions, through to business professionals such as doctors and lawyers who want to automate some aspect of their profession. Clive Spenser, Marketing Director is responsible for product development, positioning, pricing and sales strategy. He spoke to us about what the firm has been doing to compete and stay ahead in the software industry, in order to create a positive client experience.

The industry in which LPA operates has seen many changes, altering the industry at a rapid pace. Clive explains the main challenge the company faces and what the changes they are seeing which are affecting the company’s development.

“As mobile devices become more omni-present, the challenge is to leverage existing infrastructure and get informed knowledge and information out there to consumers and business users in a timely and efficient manner.”

One particular industry change is the growth of artificial intelligence as Clive explains, “LPA has been working hard to embed its artificial intelligence algorithms within mainstream processes and make them more intelligent. The industry is starting to take an interest in artificial intelligence and recognize the potential benefits that AI has to offer. Using AI to augment people’s daily routines by providing specialist expertise is welcomed, whereas threatening to replace them is not. The challenge is to identify those aspects that are worth automating and those which are best left to human experts.”

The internet provides a constant source of new information and trends, however Clive notes that clients are key to staying on top of current and growing industry trends. “Nothing helps predicting its likely takeup than talking to your existing customers and prospects.” This has helped LPA to maintain its success in a challenging sector.

LPA has a legacy of expertise in developing and deploying AI solutions which it has amassed over the past 30 years. LPA staff have a lot of invaluable experience in tackling the various technical and process obstacles which arise in the task of automating complex human
process.

LPA’s focus is now on VisiRule. A principal goal of the VisiRule product is to make it simple and easy-to-use, so that business users who understand their line of business can use it directly. After all, they hold the knowledge, and it is they that need help in extracting that knowledge and organizing it in a coherent and manageable way. VisiRule helps address this ‘knowledge elicitation’ problem, which historically has been the bottleneck in developing intelligent applications, through combining a visual model with rapid rule generation, instant compilation and immediate testing.

The key challenge is that of extracting and exposing knowledge which is buried within human brains, manuals, technical papers and transforming it into actionable rules to create automated systems. Experts do not know what they know, they often cannot explain how or why they came to a conclusion in a given situation. Concepts such as ‘intuition’ and ‘instinct’ are very, very hard to quantify and capture. VisiRule helps experts explore their own knowledge by providing a very soft and flexible toolset.

VisiRule is a graphical tool which plays the role of a rule generator. Rather than require the author define the rules using some rule language, the author simply draws a connected diagram which the VisiRule compiler translates into executable rules. The drawing task is helped by VisiRule knowing, to some extent, what the intended meaning and context is of each box as it is being drawn and/or linked. As the generated rule-base is executed, and questions presented, VisiRule re-engineers the process to present a graphical view based on the original chart and the active session.

Going forward, LPA plan to extend VisiRule to include machine learning and attempt to build solutions which learn how to improve their own performance. With these solutions the company can look forward to a bright future in the industry.

Company: Logic Programming Associates Ltd
Name: Clive Spenser
Email: [email protected]
Web Addresses: www.lpa.co.uk and www.visirule.co.uk
Telephone: 02088712016
Mobile: 07989 971802

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New Research Reveals 26% of British Businesses Have No Protection Against a Potential Cyber Attack

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An extensive report of over 1000 UK professionals confirms that a shocking 26 percent of British businesses have left themselves open to the clear and present danger of a cyber-attack. The independent research carried out by Advanced, the UK’s third largest software and services provider, also revealed that nearly half (46 percent) claim that data security is not a deciding factor in adopting digital technology. This is despite recent Government research into cyber security which found that two thirds of large businesses experienced a cyber breach or attack in the past year.

Commenting of the findings, Tom Thackray, CBI Director for Innovation, said:

“Digital innovation presents a huge opportunity for companies and our economy, but it also goes hand in hand with a need for greater emphasis on cyber security. Cyber resilience is a growing priority for all businesses, and the challenge now is to move from awareness to action. It’s important that businesses in all sectors – from manufacturing to retail – truly understand digital technology’s potential, from the boardroom to the shop or factory floor. By making the right investments for their digital future and ensuring cyber security is a board level priority, they have the opportunity to make the UK a global beacon for digital and technological skills.”

“As a society, we’ve seen a seismic shift in gear in the security space in the past year; which is affecting every citizen of the UK. These issues are no longer reserved for ‘tech geeks’, every business and individual must now keep up with the significant problems arising from organised digital crime.

Advanced’s inaugural Trends Report 2016 surveyed over 1,000 professionals across the UK business community during October 2016. The survey aimed to identify the state of readiness amongst British businesses in the face of serious digital disruption, while highlighting the ingredients needed to compete and be successful in this era. As well as revealing serious gaps in preparing for a cyber attack, the survey also highlighted three key trends around the state of business readiness: economic, digital and customer.

This indicates businesses could be ill-equipped for the turbulence being experienced now and ahead, arguably distracted by issues not within their control.

“Our focus on IT security has never been higher; the fact that the new National Cyber Security Strategy has almost doubled previous funding commitments, both reassures and reaffirms the significance of cyber security to every aspect of British life,” an anonymous comment from an established British business.

The report also asked about the implications of Brexit, 51 percent of respondents agreed that Brexit is an opportunity for growth and prosperity for British businesses, and 61 percent claimed to be well prepared or preparing for it. This is despite the fact that 60 percent of respondents agree that the biggest impact [of budget cuts] of Brexit will only be felt in the next 18-24 months. Given the undetermined yet further change that the impact of the US election results will have on the trading landscape in Europe, should the economic maelstrom be at the forefront of the attention of businesses?

“This research was designed to uncover the biggest concerns that UK businesses are facing today. It’s clear from these findings that businesses are grappling with the level of change. However, is it right that Brexit should be distracting business, when the outcome is still to be determined. In the meantime, the disruption from digital is becoming increasingly complex and pervasive. Given the numerous examples of high profile businesses being crippled by cyber-attacks, it raises the question as to why this isn’t at the top of the priority list for every business leader,” commented Gordon Wilson, CEO, Advanced.

Leadership Readiness
The state of readiness amongst industry leaders came under the spotlight in the survey. Respondents were asked to rank the most important attributes of a business leader:
• Just 45 percent chose a ‘strong digital skillset’
• A ‘digital first vision’ lagged behind, identified by only one third

The three leading responses were:
• 86 percent stated an ability to reimagine and adapt its business
• 71 percent chose ‘act with pace’
• 61 percent picked ‘take bold decisions’

Gordon concludes, “Business leaders need to up their digital game. It appears that they are failing to recognise the need to adapt their mindset and transform their leadership strategy to tackle the changes effectively in this digital era. Although an openness and ability to reimagine their business is vital, if it isn’t combined with a strong digital DNA, they will be left vulnerable to new threats and struggle to survive, let alone grow and prosper.”

Customer Readiness

The pressure of digital change was revealed when looking at how businesses are handling their customers, with the results revealing a lack of understanding of the customer in the digital era:
• Two-thirds of those organisations surveyed (67 percent) admitting to feeling pressure from customers to deliver a more digital face to their service via social media
• Incredibly, under half of respondents (45 percent) have used social media to innovate in the way they interact with customers
• One third of businesses don’t know whether social media has enabled them to improve their customer interactions, or whether their customers use social media to complain
• Although 93 percent believe a connected digital infrastructure is important to anticipate and service customer needs:
• 55 percent believe their IT infrastructure limits their ability to respond quickly to customer issues

Britain’s Overall Digital Readiness
Businesses are worryingly unprepared for the implications of digital disruption with an incredible 85 percent of those in the public sector believing the Government has not provided enough budget to successfully implement its digital agenda.

In addition, 30 percent do not have access to real-time information, although 84 percent believe that such information allows for faster, more informed decision making and 70 percent believe automation of manual tasks would free up valuable time to focus on value added services.

The Advanced 2016 inaugural Trends Report surveyed a total of 1,006 business professionals during September and October 2016. A full report outlining all findings is available on request/to download from the Advanced website.

Imaginatik – New Values in New Ways

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Founded in 1996, Imaginatik has two decades’ experience applying advisory, software, and analytics to the pursuit of innovation excellence. The company has a crisp focus: to help clients identify and capture new sources of value in new ways.

The types of clients that Imaginatik work with have realised that the world has changed and that ‘more of the same’ thinking, engaging, and executing no longer works. Responding to these changes, Ralph gives us an insight into what the company is doing to address these issues.

“As most businesses well know, the world is changing, and as we all know, changes always create new winners and losers. We can see this in the topple rate within many industries, whereby market leaders of yesterday have fallen or toppled off of their leading position and companies previously unknown have become the new leaders of tomorrow. We can see it in the rise of new business models and the greater market multiples they carry compared to many other companies. And third, we see it in the 3x revenue growth, on average, that companies that have a robust innovation program have compared with those who don’t.

“These changes are the result of shifting technologies, changes in customer expectations and the blurrings across industry boundaries as well as between physical and augmented/virtual realities. The implications of these changes and shifts are profound. First, it creates the opportunities for new ways to engage customers, stakeholders and markets. Second, it involves a fundamental re-thinking of where to play and how to do so – with respect to where new sources of value will come from and how to capture it. And third, it requires what we call the ‘new 20%’ of critical capabilities needed to capture 70% of the new value. This is a different world, requiring new ways to ‘make sense’ to ‘take action’ regarding the opportunities that these differences create.”

According to Ralph, organisations have three strategic options to take regarding a changing world. “One, they can ignore it (for now); two, they can do more of what they do, better, faster and cheaper and try to outrun the changes, playing what he calls “the outexecution game.” Or three, change the game by taking advantage of the new opportunities that changes always create.”

Innovation, for Ralph and Imaginatik, needs to focus on the third option. To do so, innovation has a crisp definition, and becomes the rallying cry for Imaginatik: to help organisations identify and capture new sources of value.

Organisations tend to be at different places have different maturities regarding innovation. Consequently, as Ralph puts it, Imaginatik helps organisations ask, and answer, one of three questions: what’s next and what do we do about it (with respect to where to play and how to do so); how do we get more out of the innovation programs and activities we’re currently driving; and how do we get started along the innovation journey?

Ralph highlights the three types of services Imaginatik has to help organisations answer these questions.

“First, we have workshops which are half to two day sessions providing clarity and driving executive alignment around these questions and/or specific topics regarding strategic and innovation objectives. Second, we work with clients on an advisory basis, helping them ask, and answer, these questions from insight to market impact. And third, we provide innovation software and analytics innovation management platforms that support the full innovation journey, from market insight to crowd-sourced ideation, from idea prioritization to market testing. One of the elements that’s unique about us is our combination of what we call ‘Computational Intelligence’ (via data analytics and machine learning) with ‘Human Insight’ (based on frameworks, experience and just-plain perspective) – service to driving innovation programs. Lots of people can sell software, or provide advisory services; it’s the combination in service of creating business outcomes, from insight to impact that compels us and provides value for our clients.”

Imaginatik was designed a number of years ago as a crowd-sourced ideation platform, based on the principle of engaging employees and customers at the edge of the organisation in a way that harness their insights and thereby promote a culture of ongoing innovative engagement. This remains core to what the company does today. However, over the past two years, clients have expanded their focus as Ralph explains.

“Ideas are nice, but execution is key. Figuring out how to ‘cross-thechasm’ from an innovation to market impact is what matters to get the type of business value that we all need. Engagement becomes sticky and persistent when results are realized and people see, feel and experience change coming from collaborative insight. Prioritized and aligned ideas are harder which is why we have now built up a robust set of analytics to ‘make visible what is too often invisible’ in terms of who engages around what, from where, why, and how, as well as what ‘white space’ might we explore from a set of what we call “collision analytics” from different industries, perspectives, disciplines, and geographies. Our strategic shift has been pulled by client demand and need for insight into the changes in technology, customer expectations and emerging business models and the opportunities that such changes always create.

“Our strategy remains to focus on the three questions we hear from clients. How do we get started? How do we get more out of what we are doing? And what’s next and what do we do about it in terms of where to play and how to do so? And, of course, we keep refining and developing new workshops, advisory services, analytic insights and technology products to support them.”

He continues. “The world has changed; what worked before no longer will require new insights into where value is being created and destroyed within the ecosystems in which you and your customers are engaged.” This focus on what has changed. The ecosystems in which organisations are engaged has dramatic implications,

Ralph highlights, on customers to engage, ecosystems to shape, capabilities to orchestrate and value to realize, in new ways.

The blurring of industry boundaries, the emergence of new business models and the high market multiples they reflect and the blunt reality of “cognitive eating the world” – at the interface of machine learning, social, mobile and big data – underpin the new competitive realities we face. They are the catalysts affecting the change in customer expectations, the acceleration of the topple rate of the once former industry leaders and drive the very different market multiple of the new business models.

“It takes time for clients and companies to figure out how to take advantage of technology shifts. There has always been a time lag between technical advances and managerial/business model innovation. There’s nothing different about the existence of such a lag. There is, however, a significant difference in the risk of the lag, given the implication of ‘cognitive eating the world’ via machine/ deep learning and the catalysts of the ‘algorithm’ economy. Namely, the risk that our exponentially accelerating pace of technical change will spread out the lag, making it more and more difficult for companies to figure out what to do, and how to deal with these changes, and the lag that already exists. We’re seeing this now with pressures on nearly every industry, with value being created and destroyed everywhere, and with new entrants coming into existing firms playing fields shifting the game, with new value propositions and capabilities. The implication? Greater pressure for all, yet significant opportunity for a few. Requiring what? New ways to make sense of both the challenges and the opportunities. How? By learning how to see the emerging patterns of opportunities and the ripple effects that decisions made and actions taken will have on those opportunities.

“Tomorrow’s leaders will be skilled in seeing such patterns, and adept in thinking systemically around where to play, and how to orchestrate capabilities from different actors to capture new sources of value. That’s where we’re headed. Those are but some of the lessons we’re seeing, and helping catalyse, with the organisational leaders of tomorrow.

“The reason Imaginatik has expanded our advisory offerings is to help people recognize this imperative and learn how to take advantage of it. That is one of the best ways, I believe, we can help our clients to capture new sources of value in new ways.”

Ralph has significant global business advisory and technology implementation experience, focusing on identifying where value is being created and destroyed and how to capture new sources of value. He has held a variety of leadership positions including Strategy and Transformation Leader at IBM (Middle East and Africa) and Senior Partner of Global Solutions and Innovation at KPMG Consulting. Ralph believes there are key principles which he adheres to run an effective business. An important aspect is listening to clients and fellow colleagues.

“I try to listen carefully – to our clients, to the market and to the incredibly rich talent of people who work at Imaginatik. Our staff are extraordinary in their insight, capabilities and passion to help clients. The team, and our clients, are the engines of change, I’m merely the catalyst. Curiosity and the passionate intent to learn from different people with different perspectives from different disciplines is what I try to do and encourage our teams to do as well.”

Company: Imaginatik
Name: Ralph Welborn
Web Address: www.imaginatik.com
Address: 745 Atlantic Ave, 8th Floor, Boston,
02111, USA
Telephone: US office: 1 866 327 4330
UK office: 44 1329 243 243

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EdR Hires Ray to Lead Communications and Marketing Efforts

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EdR, one of the nation’s largest developers, owners and managers of high-quality collegiate housing communities, today announced the hiring of Dawn Ray as the company’s new vice president of corporate communications and marketing.

Ray joins the company from Methodist Le Bonheur Healthcare in Memphis where she was director of strategic and executive communications, leading a team responsible for internal communications, media relations, brand journalism, creative services and executive communications.

“Dawn’s depth of experience and positive energy will serve our company well,” said EdR president Tom Trubiana. “She’s the perfect fit to ensure the EdR brand’s growth keeps pace with EdR’s growing portfolio.”

Prior to her time at Methodist Healthcare, Ray held a variety of corporate communications and public relations positions at Hilton Worldwide, including leading global PR efforts for brands such as Hilton Garden Inn and Embassy Suites by Hilton. Her most recent position at the hospitality company was director of development public relations, where she led business-to-business communications initiatives, including the launch of two new hotel brands, Curio and Canopy by Hilton.

Ray holds Bachelors and Masters degrees in Journalism/Public Relations from the University of Memphis. She is a native of West Tennessee and still lives in the area with her husband and two sons.

“EdR’s reputation not only in the collegiate housing space, but also in the real estate development community is unparalleled,” said Ray. “The passion of the company’s employees, coupled with the leadership team’s deep relationships with the nation’s greatest universities is what drew me to EdR. I plan to build upon our communication and marketing strategies to deepen those relationships and add to our growing portfolio of on-campus and off-campus communities.”

As vice president of corporate communications and marketing, Ray will lead EdR’s corporate communications team in the development and implementation of corporate communications, public relations and corporate marketing plans.

About EdR
EdR is one of America’s largest owners, developers and managers of collegiate housing. EdR is a self-administered and self-managed real estate investment trust that owns or manages 86 communities with more than 44,400 beds serving 53 universities in 24 states. EdR is a member of the Russell 2000 Index, the S&P MidCap 400 and the Morgan Stanley REIT indices. For details, please visit the company’s web site at www.EdRtrust.com.

Nov-16

Welcome to the November edition of Corporate Vision Magazine.

In this issue, Ricky Martin, winner of The Apprentice in 2012, talks to us about how his company Hyper Recruitment Solutions has gone from strength to strength in the recruitment industry. Over the next 12 months, the firm aims to achieve revenue of £10 million.  

The software and technology industry continues to be a hugely successful sector with many companies showing us how they stand out from their competitors. One example, OCSL have undergone a re-brand. The company supports corporate and public sector clients with world-class IT products.

In addition, Richard Tyler gives Corporate Vision readers an essential guide to building a profitable, sustainable business in today’s marketplace, and we highlight all the latest corporate news and developments, as well as the latest deals.

We hope you enjoy this issue.

Matt Lewis, Editor

Bionical Acquires Global Clinical Research Organisation Emas Pharma

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Bionical, the integrated outsourced specialist to the pharmaceutical, biotechnology and public health industry, announces the strategic acquisition of Emas Pharma (Emas), a global Clinical Research Organisation. Emas, which provides pharmaceutical development and clinical research services to biotech, medical device and specialized pharmaceutical companies worldwide, will join Bionical’s existing fast growing clinical services business. Financials were not disclosed.

The acquisition is part of Bionical’s strategy to provide high quality clinical, commercial and communications services to pharmaceutical, biotech and public health companies in the global healthcare industry.

The acquisition of Emas and the addition of Clinical Research, Pharmacovigilance, Regulatory, Medical Information and Medical Affairs capabilities will support Bionical’s mission to deliver improved health outcomes for patients. Bionical’s clinical division currently provides the supply of comparator products for clinical trials as well as nurse educator teams and public health services and has a wide base of clients internationally. Emas, which has a significant client base of emerging and specialized biopharma companies, brings an extended global footprint, with offices in the UK, USA, Canada, Australia and Ireland.

Graham McIntosh, CEO of Bionical, commented: “Emas Pharma is a fantastic business with great people and an excellent reputation. Emas’s services are highly complementary to Bionical’s existing clinical trial services and the acquisition creates opportunities for both businesses to bring enhanced services to their clients. We are very pleased Peter Kennerley, Liz McCann and the Emas team are now a part of Bionical and I look forward to working with them to continue the global growth of Emas.”

Dr Peter Kennerley, CEO of Emas Pharma, commented: “We are delighted to join the Bionical group, which is a perfect synergy for Emas Pharma.  Being part of a wider family of companies means that we will be offering our clients an even broader range of services to complement our current offerings; from nurse specialists to help track patients lost to follow up, to call centres for Medical Information and from Clinical Trial Supply support to healthcare communications. Liz and I are proud of the excellent reputation for high quality, cost effective support that Emas has built up over the years.  We know that joining Mac and the Bionical team will help us extend that reputation even further.”

Emas will continue to operate as a separate business under the existing leadership of Peter Kennerley and Peter will join the Bionical Board.

Emas is Bionical’s third strategic acquisition in little over a year, following the successful acquisitions in 2015 of UK based North 51 and US based McCallan Healthcare.  These earlier acquisitions brought public health, digital, educational and further commercial services to the rapidly-strengthening Bionical brand, ahead of the current EMAS acquisition which unifies and completes Bionical’s patient-centric service portfolio.

About Bionical

Bionical provides high quality clinical, commercial and communications services to pharmaceutical, biotech and public health companies in the global healthcare industry.

With a mission to improve health outcomes, Bionical’s services accelerate product and treatment development and enhance communication and engagement with healthcare professionals and patients.

Bionical’s services span the product lifecycle and include comparator supply for clinical trials, clinical educator services, contract sales solutions, recruitment, digital and educational platforms. In addition, in the UK Bionical provides industry leading public health services such as Quit 51, a stop smoking service that uses the latest research, evidence and licensed medication to support patients to stop smoking. Our team work with leading academics publishing outcomes and ensuring we are delivering cutting edge services that lead the field.  

About Emas  

Emas Pharma provides pharmaceutical and device development services worldwide and specializes in partnering with specialist pharma and biotech companies.