About Me
Tuesday, 31 December 2013
Deutsche Telekom launches iCar use in a US
Deutsche Telekom launches iCar use in a US
Deutsche Telekom has teamed with telematics provider Un-Blinking Technologies to launch a vendor-independent machine-to-machine (M2M) use for vehicles in a US formed on iCar.
The goal is to “offer value-added services to purchasers of any automobile – un-tethered to a exclusive record of particular automobile manufacturers”.
This will embody programmed reminders for a subsequent oil change, to remote evidence information, and other location-based services.
“To date, automobile dealers have been incompetent to offer a connected automobile resolution directly to customers,” says Thomas Kiessling, Chief Product and Innovation Officer, Deutsche Telekom. “They can now beget additional income streams and offer their business new value-added services.”
Deutsche Telekom provides both a telemetry hardware for a vehicles as good as a SIM-cards and information connections.
Un-Blinking Technologies reserve Android and iPhone apps, along with a Web portal to give business entrance to their vehicle-provided data.
Progressive Seattle area automotive organisation Barrier Motors in Bellevue has already versed 1,500 cars from their Mercedes-Benz, Audi, Porsche, and Volvo brands with a iCar Intelligent Car Technology Package.
After a successful execution of this initial launch Deutsche Telekom and Un-Blinking devise to deliver a product to 300 additional automobile dealerships opposite a US.
The iCar M2M complement means a mobile app or a Web portal can be used to guard a automobile information including expenditure information and a plcae of their cars during all times.
Monday, 30 December 2013
U.S., Spain GDP Contraction
U.S., Spain GDP Contraction
The Commerce Department reported that U.S. fourth-quarter GDPcontracted by 0.1%, way below forecasts of a 1.0% increase. This is a sharp and fast deterioration from the third-quarter which saw GDP expand by 3.1% and marks the first contraction since the second-quarter of 2009.Of course economists brush of the negative figures and stamp them as meaningless, but if the figures would have been positive they would have labeled them as very significant.
The contraction came despite an increase in consumer spending which rose 2.2% which shows that consumers started to borrow again and continue to support the fragile economy with money they do not have. Consumers load up on debt and a consumer debt crisis in the U.S. is imminent. Incomes have stagnated and prices increased which means consumers have less disposable income available. The increase in consumer spending signals a worrisome increase in household debt.
Defense spending saw the biggest cut in almost half a century and companies reduced inventory production in anticipation of weak demand in the future. Exports saw the biggest drop in four years and suggest weakness in manufacturing ahead. The U.S. Dollar should be under pressure over the next few weeks and the EURUSD may approach the 1.3800 level next month.
Adding to consumer problems is Obama’s increase in social security tax which will further slash disposable income and the U.S. may enter a technical recession during the first-quarter. Most Americans never exited the Great Recession and the way the government calculates figures is not in line with real economic developments. Consumer spending should contract starting this quarter and remain weak throughout the year with a small increase in inflation which will further pressure American households.
Due to Obama’s tax increase consumers will have between $1,000 and $4,500 less in disposable income during 2013 which will shave roughly $40 Billion of economic activity alone. The middle-class will carry most of the burden due to Obama’s tax policies and the economic cost will be malicious for the government through 2020.
Spain reported its fourth-quarter GDP came in worse than expect at a contraction of 0.7% only days after the country reported an rate of above 55% in adults under the age of 25. This was the sixth consecutive GDP contraction and the most recent indicator that austerity measures have put the country deeper into the recession than anticipated. There are rumors of a Spanish exit from the Eurozone which currently join the Greek exit rumors and hint at a slow collapse of the Eurozone which should force positive change to the monetary union.
A complete collapse of the current Eurozone is required before policy makers realize they system was destined for failure and that changes should have been made decades ago. The current approach of the Eurozone in order to handle the issues are counter-productive and cause further monetary bleeding which tax payers have to endure while the overall quality of life is on the brink of collapse.
The UK initiated the latest round of economic contraction when it reported last week that GDP shrank by 0.3% and the country currently flirts with a triple dip recession. The trend is evident that the global economy is not nearly as healthy as economists have predicted which puts recent equity market performance out of line with reality. Market participants should anticipate a sharp contraction in most in excess of 30% in a bear market which will fully unfold towards the end of 2013 and last through 2014 and possibly beyond due to counter-productive measures taken by governments and central banks.
EU moves closer to banking union
EU moves closer to banking union
The European Union at the very least understands that a Eurozone banking union is a necessity moving forward in order to create a more stable Eurozone. The obvious step to undertake is to give the ECB the sole power to grant banking licenses and supervise the banking system for the 17 member Eurozone. Those exact proposals are swirling around Brussels as I type. September 12th is the date where such a plan may be unveiled.
The European Commission is responsible for the plans and will work overtime during the next two weeks to hammer out a final plan which will at least lay the groundwork and most likely will be amended several times. The ECB will receive powers to step-in and take over day-to-day operations in extreme cases, but national regulators will still be allowed to decide when to close down a bank. The ECB will be allowed to make recommendations to national regulators and have a vote in the process as it will serve as the regulator of national regulators.
The ultimate goal is to give the ECB sole supervisory powers and a monopoly when it comes to regulationas well as oversight and implementation directly related to the financial stability of the Eurozone. Michael Barnier, the Financial Service Chief of the EU, stated that national regulators should be in charge of consumer protection as well as other smaller tasks and take a support role to the ECB.
The ECB needs to be allowed to step in and close banks without limits and consultation with national regulators. Initially the ECB may receive that power only for banks which will be labeled important and whose failure will pose a systemic risk for the stability of the world’s biggest economy. National regulators may be allowed to engage in supervisory roles when it comes to smaller national banks which will not pose a risk to the financial system.
A collaboration between the ECB as well as national regulators and the rumored creation of a third body on a high ranking EU Parliament level makes sense when it comes to the supervision of the Eurozone’s 6,000 plus lenders if implemented and executed with sophistication. We will see if EU politicians will deliver a pleasant surprise on September 12th or if this will be another episode of hyped up talk with the failure to deliver.
The window of opportunity is closing rather fast and tough decisions will need to be undertaken before it will be too late. The Eurozone debt contagion has created a once in a lifetime opportunity to fix the old and dysfunctional system as it pointed out the flaws over the past 30 months. The EU has rare chance to take the current problems, ignore the socialistic, worthless scumbags and create a system which will encourage financial stability, economic growth as well as sustainability.
The next twelve months will be very crucial as decisions will made by politicians will shape the future of the EU. The EU will either suffer from a prolonged recession and several lost decades in the same manner Japan and the U.S. did and will do or the EU will make the right decisions and rediscover the old world. This is a great opportunity to become a growth engine again and create a society which will prosper as it will finally learn from its mistakes.
The European Union at the very least understands that a Eurozone banking union is a necessity moving forward in order to create a more stable Eurozone. The obvious step to undertake is to give the ECB the sole power to grant banking licenses and supervise the banking system for the 17 member Eurozone. Those exact proposals are swirling around Brussels as I type. September 12th is the date where such a plan may be unveiled.
The European Commission is responsible for the plans and will work overtime during the next two weeks to hammer out a final plan which will at least lay the groundwork and most likely will be amended several times. The ECB will receive powers to step-in and take over day-to-day operations in extreme cases, but national regulators will still be allowed to decide when to close down a bank. The ECB will be allowed to make recommendations to national regulators and have a vote in the process as it will serve as the regulator of national regulators.
The ultimate goal is to give the ECB sole supervisory powers and a monopoly when it comes to regulationas well as oversight and implementation directly related to the financial stability of the Eurozone. Michael Barnier, the Financial Service Chief of the EU, stated that national regulators should be in charge of consumer protection as well as other smaller tasks and take a support role to the ECB.
The ECB needs to be allowed to step in and close banks without limits and consultation with national regulators. Initially the ECB may receive that power only for banks which will be labeled important and whose failure will pose a systemic risk for the stability of the world’s biggest economy. National regulators may be allowed to engage in supervisory roles when it comes to smaller national banks which will not pose a risk to the financial system.
A collaboration between the ECB as well as national regulators and the rumored creation of a third body on a high ranking EU Parliament level makes sense when it comes to the supervision of the Eurozone’s 6,000 plus lenders if implemented and executed with sophistication. We will see if EU politicians will deliver a pleasant surprise on September 12th or if this will be another episode of hyped up talk with the failure to deliver.
The window of opportunity is closing rather fast and tough decisions will need to be undertaken before it will be too late. The Eurozone debt contagion has created a once in a lifetime opportunity to fix the old and dysfunctional system as it pointed out the flaws over the past 30 months. The EU has rare chance to take the current problems, ignore the socialistic, worthless scumbags and create a system which will encourage financial stability, economic growth as well as sustainability.
The next twelve months will be very crucial as decisions will made by politicians will shape the future of the EU. The EU will either suffer from a prolonged recession and several lost decades in the same manner Japan and the U.S. did and will do or the EU will make the right decisions and rediscover the old world. This is a great opportunity to become a growth engine again and create a society which will prosper as it will finally learn from its mistakes.
How to make money with forex trading?
How to make money with forex trading?
Let’s take a look at an example of how you couldhave made money with forex trading last week.
You could have earned up to 2 490 $ by forex trading in just one week if you had as little as 300$ on your account.
Here is how to do it in just four trades of only one currency pair!
We deposited to our account 300$, and with the leverage 1:100 we can operate with the volume of 30 000 USD or 0.3 Lots as they are called.
We deposited to our account 300$, and with the leverage 1:100 we can operate with the volume of 30 000 USD or 0.3 Lots as they are called.
The main driver for this week was GBP/USD. Let’s look at the example.
First Forex trading position:
At forex market open time Monday 17 October we sold 0.1 Lot of GBPUSD at 1.5829.
And in our account we have:
Position: Sell 0.1 Lot GBPUSD at 1.5829
Forex Margin: 158.29 = (Lot*lot size*price)/leverage = (0.1*100 00 GBP*1.5829)/100
Forex Free Margin: 141.71 =Equity – Margin = 300-158.29
Let’s imagine that the next evening 18 October at 20:00 GBP fell in valueand we closed Position at 1.5703 and earned 126 pips. Our Profit is 126$ = (Sell Price- buy Price)* trading Volume = (1.5829-1.5703)* 10 000. Our balance on our forex trading account became 426$ =300$+126.
Now we have 426$ USD it is mean that we can operate with volume of 42 600 USD. For our next forex trade we will open 0.2 lots of GBPUSD!
Second Forex trading position:
After we close First position, we bought 0.2 GBPUSD at 1.5703 and sold it next day 16:00 at 1.5830 and earn 127 pip or 254$. Our balance became 680$.
Third Forex trading position:
After we closed our second deal, we can open another 0.3 lots. The margin will be 474.9$ and with our balance of 680$ we can afford it. We sold 0.3 lot GBPUSD at 1.5830 and again closed this position at 1.5703 which is 127 pip and 381$.
At this point our balance is already 1061 USD!
Forth Forex trading position:
Together with closing our sell position we can buy 0.7 lots of GBPUSD at 1.5703 and we held it till the end of the week. The price is 1.5950. Which is 247 pips or +1 729$ and our collective balance now is 2 790! Where 2 490$ is our profit.
We would have made 627 pips and 2 490$ from 300$ for 1 week of forex trading, if we had made all these trades that week.
6 Things You Should Ask Your Forex Broker
6 Things You Should Ask Your Forex Broker
All forex traders need a good forex broker in order to be able to access the markets and trade. There are several hundred forex brokers out there to choose from and as forex trading increases in popularity more and more forex brokers appear which gives forex traders an increasingly growing choice. This also makes it harder to pick the right forex broker and it is important to ask some key questions in order to make the best choice.
Forex trading is the most popular form of trading and the daily turnover is roughly $5 trillion. Entry requirements tend to be lower than other forms of trading which is another reason why more and more flock to forex trading as their primary means to trade financial markets. The more traders enter the forex market the more brokers appear on the horizon in order to offer their services to traders.
Here are 6 questions you should ask your forex broker
-
Spreads – How tight are the spreads? This is very important as you advance in your trading career. You should pick a forex broker who offers tight spreads. One quick way to gauge that is by asking for the spread on the EURUSD currency pair which is the most traded and most liquid currency pair and therefore the spreads should be very minimal. You should get one below 1.0 pip.
-
Liquidity – What access to liquidity does your forex broker provide? A broker who is not liquid
-
struggle filling your orders and you will see plenty of re-quotes as well as very high slippage during market moving events which will have a negative impact on your trading. Make sure you pick a forex broker with deepliquidity. You may not find out how liquid a forex broker is until you trade with them, but ask for their liquidity providers.
-
Filling of Orders – Are your pending orders filled at the price you enter? This is very important as every successful trader uses pending orders and rarely fills an order at market prices. A good forex broker will be able to fill over 99.9% of your orders at the price you specified. This holds true even during market moving events which cause price spikes. A good broker will still be able to bring your order to market and fill it.
-
Segregated Accounts – Are clients’ accounts as well as company accounts segregated? Ask them for which bank they use and try to verify if their accounts are truly segregated or not. Ideally the forex broker keeps their own accounts at a totally different bank than clients’ accounts, but that is not a must.
-
Tradable Assets – How many assets can you trade? Good forex brokers will be able to offer you more assets to trade which gives you a wider choice and allows you to diversify across more currency pairs. It also gives you access to more currency pairs which means that you will be able to realize more trading opportunities.
-
Withdrawals – How fast are withdrawals processed? Good forex brokers will process your withdrawal request the same day unless it is received after their finance department is closed for the day at which point it will be processed the following business day. A good forex broker never asks why you are withdrawing funds or gives you excuses why it may take longer; those are all red flags.
It may be very challenging to find a forex broker who will offer all of the above aspects, but Paxforex is one of the few which is able to deliver on all six points. Paxforex provides you with the infrastructure required so you don’t have to worry about it and won’t feel the negative impact of crucial factors. Trading with Paxforex allows you to fully focus on executing your trading strategy while you have access to a fully professional trading environment.
Spreads – How tight are the spreads? This is very important as you advance in your trading career. You should pick a forex broker who offers tight spreads. One quick way to gauge that is by asking for the spread on the EURUSD currency pair which is the most traded and most liquid currency pair and therefore the spreads should be very minimal. You should get one below 1.0 pip.
Liquidity – What access to liquidity does your forex broker provide? A broker who is not liquid
- struggle filling your orders and you will see plenty of re-quotes as well as very high slippage during market moving events which will have a negative impact on your trading. Make sure you pick a forex broker with deepliquidity. You may not find out how liquid a forex broker is until you trade with them, but ask for their liquidity providers.
- Filling of Orders – Are your pending orders filled at the price you enter? This is very important as every successful trader uses pending orders and rarely fills an order at market prices. A good forex broker will be able to fill over 99.9% of your orders at the price you specified. This holds true even during market moving events which cause price spikes. A good broker will still be able to bring your order to market and fill it.
- Segregated Accounts – Are clients’ accounts as well as company accounts segregated? Ask them for which bank they use and try to verify if their accounts are truly segregated or not. Ideally the forex broker keeps their own accounts at a totally different bank than clients’ accounts, but that is not a must.
- Tradable Assets – How many assets can you trade? Good forex brokers will be able to offer you more assets to trade which gives you a wider choice and allows you to diversify across more currency pairs. It also gives you access to more currency pairs which means that you will be able to realize more trading opportunities.
- Withdrawals – How fast are withdrawals processed? Good forex brokers will process your withdrawal request the same day unless it is received after their finance department is closed for the day at which point it will be processed the following business day. A good forex broker never asks why you are withdrawing funds or gives you excuses why it may take longer; those are all red flags.
It may be very challenging to find a forex broker who will offer all of the above aspects, but Paxforex is one of the few which is able to deliver on all six points. Paxforex provides you with the infrastructure required so you don’t have to worry about it and won’t feel the negative impact of crucial factors. Trading with Paxforex allows you to fully focus on executing your trading strategy while you have access to a fully professional trading environment.
How to trade during Christmas?
.jpg)
Today is Christmas Eve which will be followed by Christmas tomorrow while some countries also celebrate a second day of Christmas on Thursday. Since this year the celebrations fall in the middle of the week most traders decided to enjoy a longer break and took vacation days which means their probably enjoyed their last day trading forex last week on Friday.
It is good to take some time off from the joy and stress of trading and Christmas is the preferred time for traders from Europe through Asia and into the American continents to take some of their earned vacation time and spend it with friends and family.
What does this mean for forex traders who want to trade?
The biggest impact forex traders will feel is the lack of volume which is created by the absence of the majority of forex traders. This results in rather flat trading throughout the entire trading sessions around the world. The lack of volume also leads to a lack of volatility and therefore less trading opportunities may be created.
In addition to the absence of many traders there will be an absence of economic reports which usually add volatility as well as trading volume to the trading session. The reason for the slow economic news flow is the same as for the absence of traders; the Christmas holidays and most governments operate on a skeleton staff.
How to trade during Christmas?
There are traders who wish to trade throughout the Christmas holidays and this week so here are a few facts to know and understand:
- Low Volume – The absence of most traders means that volume will be very low.
- Less Economic News – One very important fact to keep in mind that there will be a few reports released and given the low volume-low volatility environment this could lead to much bigger price movements than usual.
- Shortened Trading Day – There are some institutions which operate on a skeleton staff and a few traders will remain active, but on today on Christmas Eve they are likely to end their trading session early.
- Low Volatility – Since volume will be low volatility usually decreases with it which means less trading
During Christmas Day there are not traders which should be trading and you may want to take a full day off as well. The last two days of the week as well as the first two trading days of next week which would mark the end of trading for 2013 should be used to make necessary portfolio adjustments and close positions which are not performing in order to start 2014 on a much fresher note.
Spanish Cooperative Giant Tries Not to Repeat Lehman Brothers' Story
Spanish Cooperative Giant Tries Not to Repeat Lehman Brothers' Story
The flagship of the European labor and the cooperative movementMondragon Corporation, the seventh largest employer in Spain with revenues of about 14 billion euros, is overcoming a set of complex troubles. Bankruptcy of the Spanish federation of cooperatives can be an analogue of Lehman Brothers collapse.
In February 1941, in the impoverished, devastated by civil war town of Mondragon in the north of Spain appeared a young priest José María Arizmendiarrieta.
He miraculously survived the meat grinder of war: he should have been shot by Francoists for his work in one of the Basque newspapers but he survived. He was not a communist but certainly professed leftism.
In 1943 he created in Mondragon the Polytechnic School, which quickly became the center of attraction of urban youth. In 1956, Arizmendiarrieta and several graduates of his school founded the city's first cooperative UGOR. A few years it turned into a dynamic cooperative corporation Fagor, then to Mondragon Corporation - a worker cooperatives’ federation of Spain.
Cooperatives own by the workers themselves. Many economists believe that it is more efficient company structure than a corporation. Workers combine their resources, sharing losses and profits.
Arizmendiarrieta died in 1976. After 32 years Mondragon Corporation became the largest employer of the Basque Country. The organization became much more complex: Mondragon Corp. has developed its own department for research, banking and financial services, and organized educational courses for workers.
Mondragon employees participate in the system of social protection of corporation, under which they can receive benefits and other payments. If one co-op experience financial problems, the others help it. Mondragon Corporation is the seventh largest employer in Spain. Last year, its revenues amounted to 14 billion euros.
At the last months of this year the impossible happened. In October, one of the largest cooperatives in Spain and member of Mondragon Corporation - Fagor Electrodomésticos, a cooperative engaged in production of goods for the home, closed its factory. Co-op was a major exporter and one of the leaders in the American market of pressure cookers.
It shocked the entire network of Mondragon cooperatives, which now includes 109 companies. Confidence in the weakest of them fell and the employees are now afraid of losing their jobs. Unemployment in Spain is 26%. For Spain it may be an analogue to the collapse of Lehman Brothers - recall that its bankruptcy started the world financial crisis.
In Spain, the 2013 can be called as the year of bankruptcies. Fagor, with its 850 million euros of debt, is one of the largest units in the chain. The Spanish economy is gradually recovering from the crisis but its growth is too slow to save the companies mired in debt.
Cooperatives were, amd still are, considered as one of the best kinds of organization: they took care of their employees and management was based on democratic principles. But the crisis has been identified the weak link of this structure - in difficult periods it’s very difficult to cooperatives to get the money they need. Now their existence was called into question.
However, there is another point of view, which is based on the fact that the Mondragón Corporation, despite the difficult times, will be able to get out of the crisis. Economic statistics confirms this.
DANOBATGROUP, the leading national cooperative in the machine tool sector and part of the Mondragon Corporation Cooperative Group, on December 18 has signed major contracts with two renowned world leaders in the mining industry located in Australia to the total amount of 103 million Euro.
Earlier, Mondragon Corporation has won the first edition of the Business Dragon Award, in recognition of the co-operative group’s track record in China. The aim of these awards is to recognize the work done by companies and institutions to promote trade relations, investment and business co-operation between Spain and China.
Thus, despite the too pessimistic views of those economists who adhere to traditional structures of corporations, Spanish giant is not going to give up and is ready to show that by its opportunities, it in no way inferior to the classic mega business structures.
Sunday, 29 December 2013
Make Mone from globallshare
Click Here!
سلام علیکم دوستوں، یہ ایک بہت ہی زبردست کمیونیٹی ہے۔ جس کا کام بلکل فیس بک
http://www.globallshare.com/en/1626859.html
جیسا ہی ہے۔ یہ سائیٹ ابھی نیو ہے۔ اور اس سا ئٹ پر جو رجسٹرڈ ہو کر اپنے ریفل لنک سے اپنے دوستوں اور دوسرے لوگوں کو رجسٹرکروائے گا تو اس کو 5 لوگوں کو رجسٹر کروانے پر 1 شئیر ملے گا۔ سوال یہ ہے کے شیئر ہوتا کیا ہے۔ میں آپ لوگوں کو بتا تا ہوں کے شیئر ہوتا کیا ہے۔ شیئر کا مطلپ کسی چیز یا کمپنی میں آپ کا حصہ۔ اس کو شیئر کہتے ہیں۔ اس وقت شیئر کی قیمت یوزر کو 30 سے 40 ڈالر تک مل رہی ہے اور اس حصہ پر آپ کو ہر مھینے ڈیوڈینڈ(Dividend) ملے گا۔ ڈیوڈینڈ چیک جیسا ہی ہو تا ہے۔۔یعنی کے آپ کو پرافٹ ملے گا ۔مثال کے طور پر اگر آپ کے پا س 10 شیئر ہیں فرض کریں 1 شئر پر پرافٹ 2 ڈالر ہیں تو اس طرح آپ کو 10 شیئر پر 20 ڈالر ملتے رہیں گے اور اگر آپ اپنے شیئر بیچنا چا ہیں تو وہ بھی آپ اسی کمیو نیٹی میں سیل کرسکتے ہیں جو کے دوسرے یوزر آپ سے خرید لیں گے۔ اگر آپ 10 شیئر بیچ رہے ہیں تو اور فر ض کریں 1 شیئر کی قیمت 30 ڈالر ہے تو ٹوٹل 10 شیئر کی قیمت 300 ڈالر میں آپ سیل کرسکتے ہیں
Information record and corporate governance
Information record and corporate governance
Technology is transforming businesses. It’s time for CIOs to record into a post-digital world.
Deloitte’s Technology Trends 2013 news mentions that a 5 record army — analytics, mobile, social, cloud and cyber — are going to browbeat a post-digital enterprises in a entrance years.
And a trend compels organisations to rethink their governance, some-more precisely IT governance.
Let us try how governance can be redefined in this parlance.
The Kumar Mangalam Birla Committee Report says a “fundamental design of corporate governance is a “enhancement of shareholder value, gripping in perspective a interests of other stakeholder”.
This matter emphasises a continual need to raise shareholder value and it would be harder to grasp a compulsory governance turn ignoring IT governance. The IT Governance Institute (ITGI) shaped by ISACA, a tellurian physique of information confidence professionals, in 1998 defines IT governance as a board’s ability to approach and control a enterprise’s use of IT resources in line with vital goals.
Leadership, organisational structure and processes are used to precedence IT resources and expostulate alignment, a smoothness of value, government of risk, optimisation of resources and opening measurement.”
It is a really extensive clarification and it establishes a couple between IT resources and entity’s vital goals.
Technology investigate organization Gartner’s clarification serve splits a judgment of IT governance into dual aspects — IT direct governance (ITDG) and IT supply-side governance (ITSG).
While ITDG is a business investment decision-making and slip process, and a business government responsibility,ITSG is endangered with ensuring that a IT organization operates in an effective, fit and agreeable fashion, and it is radically a CIO responsibility.
The Value Puzzle
When it comes to a investment in IT, measuring a value that IT delivers is a formidable nonplus to solve. For instance, while measuring net costs saved and business efficiencies achieved by environment adult an craving apparatus formulation (ERP) complement in place of a aged system, one has to take an altogether perspective and cruise qualitative aspects along with a quantitative aspects.
Globally, methodologies exist to logically magnitude these costs and benefits. Yes, we are referring to a some-more worldly systems such as IT offset scorecard (BSC). It helps IT professionals — and typically CIOs and CTOs — to denote to a comparison government and house members a genuine value delivered by a IT.
Bridging a control gap
The pivotal doubt is how to exercise a ITG?
Control objectives in IT (COBIT) is an IT governance horizon and ancillary toolset that allows managers to overpass a opening between control requirements, technical issues and business risks. One might revisit a ISACA website for a minute contention and superintendence on IT governance and COBIT. At a finish of a day, IT governance has to emanate value for a business over and above compared costs.
Here are some pointers:
Ensuring that IT and business priorities are aligned
Ensuring that IT can follow a expansion of business products and markets
Running business processes some-more efficiently, and accurately
Ensuring that a IT systems are agreeable with regulations
Supporting the corporate governance imperatives
Protecting intellectual property
Providing transparency on IT costs
In sum, while a corporate governance basis sojourn a same, they have to be radically practical in a IT parlance. This requires companies to have people who know both business and IT.
Finding solutions
The CTO’s or CIO’s purpose is no longer cramped to ensuring a timely doing of systems, successive enhancements and attending to ‘Help Desk’ issues, they should know business hurdles and find solutions.
It is essential for them to denote to a house and comparison government that their entities have a compulsory turn of IT governance.
This will assistance directors to do their pursuit effectively, generally in terms of a mandate of a Directors’ Responsibility Statement as tangible in a Companies Act, 2013 relating to inner financial controls and correspondence with a supplies of all germane laws
Dion Baird named information record executive during Clackamas Community
Dion Baird named information record executive during Clackamas Community
Dion Baird starts Jan. 6 as executive of a Information Technology
Division during Clackamas Community College in Oregon City.
Baird, who has 13 years of information record government experience, served as arch information confidence officer during a Oregon
Department of Education for a past 5 years, according to a press recover from a college.
Baird started his information
technology work while portion in a U.S. Army from 1986-2000.
Division during Clackamas Community College in Oregon City.
Department of Education for a past 5 years, according to a press recover from a college.
technology work while portion in a U.S. Army from 1986-2000.
Information record companies pierce from Corollas to Maruti 800s
Information record companies pierce from Corollas to Maruti 800s
Girish Rowjee, co-founder and CEO of HR and payroll program solutions organisation Greytip Software, started by offered onpremises software, that companies implement on their inner systems. The Bangalore-based Greytip used to assign a looseness cost of between Rs 70,000 and Rs 5 lakh. The program simplified worker administration and had business like Dell, Volvo and Ingersoll Rand.
But Rowjee and his co-founder Sayeed Anjum afterwards speckled an event to use domestic firms that occupy as few as 5 people. “There was not a singular association that tapped into this shred during a cost indicate that was affordable. India has 2 million tiny and middle enterprises, and a event is huge,” he says.
In 2007 a association grown a cloud-based resolution for HR and payroll services labelled during a fragment of a protected version. It now charges an annual subscription cost of Rs 1,495 for firms with adult to 250 employees. The firms also have to compensate Rs 20 per worker any month. The company’s online use now has 2,000 customers.
Clearly, tiny enterprises looking for cost-effective solutions are pushing a startup boom. And entrepreneurs are means to broach affordable and artistic solutions interjection to cloud computing and ‘combinatorial innovation’.
“Combinatorial creation is a thought of building on tip of other people’s work. There’s a lot of open source (free) program that has already been built. You can mix many of that innovatively, supplement some things of your own, and emanate a totally new resolution sincerely fast and cost-effectively. And many Indian startups are commencement to do that,” says Sharad Sharma, a Bangalore-based startup mentor.
You can see combinatorial creation in UIDAI ( Unique Identification Authority of India), says Sharma. UIDAI built a inhabitant Aadhaar height with a staff of only 20 people. And distinct a Indian IT services business model, that saw companies catering essentially to Fortune 1000 companies, a new indication is drumming into larger, internal markets.
The Bangalore-based ApartmentAdda , that provides a extensive cloud-based unit government program – a one-stop portal for owners, tenants and government offices – charges only Rs 10-15 from any apartment. That’s a reason because some 3,600 unit complexes are regulating it. Significantly, business is flourishing 100% any year.
Commonfloor.com, also from Bangalore, is a portal that combines skill search, unit government and businessman management. Started by 3 friends – Sumit Jain, Lalit Mangal and Vikas Malpani – in 2007, Commonfloor.com now has over 60,000 communities listed with it, that consecrate some-more than 50 lakh homes. However, it differs from opposition ApartmentAdda in that it creates a income from paid listings by people and developers. “We changed to a cloud-based indication in 2011 to enhance a footprint. It was an emanate of scalability and maintainability. With cloud, there won’t be any downtime,” says Sumit Jain, CEO of Commonfloor.com.
Zoho, a business capability solutions provider from Chennai, has some 8 million users. Delhi’s RateGain, that has grown liberality and transport record solutions , has 5,500 liberality clients from opposite a universe as good as a tip 50 online transport agents. Employ-Wise , an worker lifecycle government resolution provider from Delhi, handles 32,000 worker records.
“There are frequency any record companies worldwide that have some-more than a million customers. Of course, Microsoft is one of them. Zoho and Tally (an accounting program provider) from India are a other players. we trust India will be a tellurian personality among companies with a million-plus customers. Earlier, everybody sole Toyota Corollas; now they are offered Maruti 800s, and Indians are doing a best in a latter,” says Sharma.
Tech pursuit foresee for 2014: Hot, and removing hotter
Tech pursuit foresee for 2014: Hot, and removing hotter
Companies devise to sinecure some-more IT staff in a year ahead, and compensate them bigger salaries, too. For a mechanism scholarship category of 2014, a opinion is sunny
FORTUNE – Dear Annie: we review your column about how women can get brazen in a information record field, so I’m curious. What recommendation have we got for guys like me? I’ll be graduating in a open with a bachelor’s in mechanism science, teenager in business. we have a integrate of good internships behind me, where we got to rise programs that companies are still using. I’m about to start severely pursuit hunting, so I’m wondering what a IT pursuit marketplace will demeanour like over a subsequent year or so, and how to best position myself to get hired. Any thoughts? — Brian in Berkeley
Dear B.B.: The year about to start looks splendid for people with tech skills, generally if they have picked adult a right ones, and who pierce with them during slightest 3 to 5 years’ experience. (Internships do count, a some-more hands-on a better.) Consider: Dice Holdings, that runs tech pursuit site Dice.com, reports that 55% some-more employers — a record high — contend they’re prepared to sinecure vast numbers of techies, adult from 42% in a second half of 2013.
Moreover, so many opportunities are opening adult now that companies increasingly need to offer aloft salaries than in a past, both to reason onto stream tech employees and to attract new ones. “A year ago, a tech pursuit marketplace didn’t demeanour like this. For employers, it’s usually going to get harder,” says Rona Borre, CEO of Chicago-based tech recruiters Instant Technology.
That’s good news for you, of course. Borre adds, “IT people are removing mixed offers and picking and selecting among them — not usually to get some-more money, though to go with a employers who are on a slicing edge, who can offer a latest and biggest technologies.”
The skills many in demand: Software development. Wanted Analytics, that aggregates pursuit listings from all over a Web, reports that help-wanted ads for module developers are adult 120% over final year, and Borre is saying a same trend. “Development, either mobile or web or back-end support, is where a pushing need is now,” she says.
Mobile apps are another prohibited area. “People with 3 years’ believe in mobile apps are deliberate comparison now,” records Borre. “There is also a outrageous direct for people who can assistance companies pierce to a cloud. And there’s always direct during large companies for people who can run SAP and other large-scale ERP [enterprise apparatus planning] systems.”
In putting your resume together for your pursuit hunt, it competence assistance if we have any believe with a 4 technologies many mostly mentioned in new help-wanted ads on Dice. They are Javascript-based frameworks like KnockoutJS and AngularJS (whose adepts, Dice reports, exaggerate a little 1.8% jobless rate); Jenkins, an open-source formation tool; Elastic Path, an e-commerce height gaining in recognition with employers; and HL7, a horizon for a exchange, sharing, and retrieval of health information.
But over your believe of specific collection and programs, Borre has 3 suggestions for we about how to launch a career in information technology. First, she says, “Accessibility of information is some-more critical than ever, so be prepared to uncover a impending employer a plan we combined or completed” — either it’s that module program we grown as an novice or a mechanism diversion or mobile app we combined during school. “If we can pierce examples of your work, companies will have a pursuit for you,” says Borre.
Second (and in common with a recommendation to women in that progressing mainstay we cite), start building a network of associate techies. “Especially right out of college, though unequivocally during any indicate in your career, it’s critical to get concerned in groups on LinkedIn and be active with internal user groups,” Borre says. “You competence also demeanour for internal proffer groups where we can use your skills, or file new ones.” Getting lots of bearing to what your peers are doing is not usually engaging and fun, she notes, though could open a doorway to destiny pursuit opportunities.
Most important, Borre says, go into pursuit interviews with a transparent thought of what any employer does and what a goals are — and how your tech skills can assistance them get where they’re perplexing to go. “Employers wish creation that will serve their business. They wish to sinecure people who know a purpose record plays in a bigger picture.
“So being means to play that twin purpose of tech chairman and business researcher is what moves people’s tech careers brazen now,” she says. “The days of a tech man or gal sitting alone in a dilemma are over.” Noted.
Talkback: If you’re in IT, have we beheld an ceiling trend in direct for your skills? What skills have served we best in a stream pursuit market? Leave a criticism below
2014 Industry Forecast: Information technology
2014 Industry Forecast: Information technology
Collin Lee, Vice President, Marketing
Influxis, Valencia
Provides a streaming height for on-demand, live, and interactive video, along with specialty solutions for real-time communication, UGC, collaboration, and robotics.
1. What kind of expansion do we predict in 2014 for your industry?
People are journey in droves from normal media such as television, and print, and relocating totally to online consumption. We’ve already seen poignant expansion in online video, generally on mobile platforms, so 2014 will be no different, and expected even some-more significant.
The Internet infrastructure as a whole is improving constantly, and even a mobile broadband networks are removing faster, so some-more and some-more people will really devour some-more online video wherever they are. So, a video streaming attention should see a good year in 2014.
2. What opportunities are ahead?
For online video creators, some-more calm means they need to somehow compute their calm from others to be noticed. So, any innovative streaming solutions, such as a ones that we yield – live interactive streaming, Web-connected robotics, live artistic partnership and artistic UGC (User-Generated Content) streaming, would be acquire news for these calm creators. So yes, if we are pulling a pouch with video streaming, we really will have good opportunities in 2014 and beyond.
3. What hurdles is your attention facing?
The Internet of a universe has a calculable capacity. The some-more people devour broadband, hd content, a some-more fast we proceed this threshold. At a moment, a large network providers are operative tough to supplement some-more ability yet it is bit of a poultice solution. we trust in a prolonged term, Peer-to-peer (P2P) streaming will solve this problem and radically yield vast Internet capacity.
4. What kind of support does your attention need?
Even yet a Internet infrastructure as a whole has come a prolonged way, compared to other countries like South Korea and Japan, we still humour from “slow speed”, that means data-heavy online video expenditure infrequently can be a frustrating experience. The broadband networks for mobile streaming are in a same situation. As people say, we need improved Internet to truly suffer those pleasing HD and UHD video on a favorite media devices.
5. What skeleton does your association have for 2014?
While a sum of a skeleton are closely rhythmical during a moment, we can tell we we will be introducing a whole new operation of sparkling interactive video services to assistance a business compute their calm from other some-more normal video. There are so many extraordinary opportunities forward as record continues to develop during such a fast pace, and a consumer awaiting video, audio, and information streaming to keep adult right alongside. 2014 is a really sparkling year.
Saturday, 28 December 2013
American Economic Year in Review
American Economic Year in Review
In a year where the federal government shut down for 16 days and a major U.S. city Detroit filed for bankruptcy, the nation's economic growth was slow, but stable. However, as 2013 drew to a close, the shutdown and looming default threatened to derail an economy that was still inrecovery.
When 2013 began, the unemployment rate was 7.9 percent. By September 2013, unemployment had fallen to 7.2 percent, which was still historically high, but the lowest it had been in five-years. However, as the unemployment rate decreased, so did the number of jobs being added, suggesting that more people were dropping out of the labor force. In fact, the number of Americansworking or actively seeking a job was at a 35-year low in September 2013.
By the fall of 2013, job growth had fallen sharply after a promising start at the beginning of the year. From January through March, an average of 207,000 jobs were added per month. From April through June, the monthly average dipped to 182,000 jobs added per month.
Those numbers continued to decrease in July through September when an average 143,000 jobs were added per month. Deutsche Asset and Wealth Management chief economist Josh Feinman said to the press, "The labor market is continuing to create jobs. It's just frustratingly slow."
One major reason for a lull in job growth during the fall of 2013 was the standoff in Congress that led to agovernment shutdown. On October 1, 2013, Congress failed to agree on a budget and pass a spending bill, causing the government to shut down. The failure to pass a bill was largely due to a standoff over the Affordable Care Act, also known as Obamacare.
The impact of the U.S. government shutdown was already being felt by the world's financial markets as stocks fell around the globe on September 30, 2013. The partial shutdown forced about 800,000 federal workers off the job. Already feeling pressure from the shutdown, Congress began tense negotiations in an effort to pass a budget by the debt ceiling deadline on October 17, 2013.
On October 16, the night before the debt ceiling deadline, both the House and Senate approved a bill to fund the government until January 15, 2014, and raise the debt limit through February 7, 2014. The last minute bill avoided a default and ended a 16-day government shutdown. It also ended the Republican standoff with President Obama over the Affordable Care Act.
Economists estimated that the government shutdown took $24 billion from the economy and would slow down economic growth to around 2 percent for the October-December quarter. Before the shutdown, economists forecasted that the economy would expand at a rate of 2.5 in the last three months of the year.
Sung Won Sohn, an economist at California State University, said media, "The shenanigans in Congress have hurt confidence and increased uncertainties, most likely hurting both consumer and business spending as well as hiring." Still there was reason to be optimistic going into 2014.
Economists predicted that growth would likely be higher over the first three months of 2014 when investments and purchases would be made that couldn't be made in late 2013 because of the shutdown.
Subscribe to:
Posts (Atom)