An IT Support Blog from London

London maintains a prominent position as a global financial centre: it facilitates substantial capital flows and processes high volumes of complex transactions daily. But there’s a key operational efficacy behind it, enabling the competitive positioning of financial institutions in London.

It requires sophisticated, high-performance, and secure information technology systems that supports stringent requirements for rapid execution, data integrity, and robust security protocols, the demands placed upon IT infrastructure are considerable – and often warrant involving an IT support company.

Given the advanced IT solutions that are available to enterprises today, there’s no question that the business landscape is evolving—and fast. Technology is the driving force behind these rapid changes and if companies are not prudent enough, the influx of different tech tools can drive up IT spending without the anticipated benefits. One way of making your tech solutions work for you in ways that can create a real impact on your bottom line is to engage the services of a managed services provider or MSP.

HTL Support is always working towards improving the service offered to clients. Whether it's through our specialist IT knowledge or just the way in which we interact with customers, there are always lessons to be learned. One of the best ways we find to hone our skills is to get out there and meet clients face to face.

One such opportunity to do that very thing, which we like to make the most of whenever possible, is to visit industry shows. This is exactly what we did on the 16th and 17th of May this year when we visited the Business Show!

Certain UK industries such as manufacturing, telecommunications, retail, and others who collect large volumes of data, have the potential to reap substantial benefits from Big Data analytics projects. If you really think about it, almost all industries accumulate huge amounts of data. And so it follows that practically all industries can potentially benefit.

We can’t feature every single industry here, or at least, in a single post. So, for now, let’s just focus on these 10 industries and provide brief examples or ideas on how these industries can take advantage of this relatively new trend:

What if your firm was asked to improve productivity by 5% this year? To achieve that level of productivity improvement, you need to know all of your options. Improving your technology capabilities by adopting cloud services is one of the best ways to improve your productivity as an accountant.

What Are Cloud Services?

Let’s take a moment to define our terms before continuing further.

Benefits of Adopting Cloud Technology for Accounting Firms

‘’Cloud Computing’’ could be akin to a tech buzzword that has been around for years. However, unless they have been living under a digital rock, accounting firms will be aware that cloud computing has finally moved from just another buzzword to a real tool for businesses.

According to a report by Intuit, almost 80 percent of U.S. small businesses will be fully adapted to cloud computing by 2020 with an increasing number of respondents currently using it or planning to within the next two years.

An increased compliance burden

The issue of increased regulation is a challenge to many businesses. The regulatory burden has been increasing; indeed, in stark contrast with the public sector slashing budgets, the powers and capability of quango executive agencies seem to have expanded.

Flexible, secure and cost effective: What are you waiting for?!

Businesses of all types are able to benefit from cloud computing. However, some of the advantages lend themselves particularly well to certain aspects which characterise the recruitment sector. They simply map on to the needs of the recruitment business much better than an on-premise approach to provisioning technology for a recruitment business. Here, we outline three of them.

Renewed emphasis on cost control for recruiters

The difficult few years that followed the credit crunch meant the recruitment sector had to endure some tough times. Reduced hiring and increased candidate numbers as headcount were trimmed made the sector one of the first to be hit. When it’s a buyer’s market, clients bargain hard and squeeze margins. But that’s business and you know you would if things were the other way round!

The recession drove many recruiters to re-evaluate their systems and processes. Cloud and online technologies offered the opportunity to cut costs, improve efficiency and gain competitive advantage. Specialised line-of-business applications for the recruitment sector, often integrating software automation functionality, transformed the back and front office for many.

CAPEX no longer an immovable object

When it comes to new infrastructure, capital investment has long been seen as an immovable object. Whether it is transport, utilities or IT, taking a conventional approach to infrastructure requires CAPEX. This brings with it the often tricky question of financing.

Recent years have seen the phenomenal growth of cloud computing. The cloud really took off when the credit crunch strangled the supply of capital. This led those that needed to replace obsolete and legacy IT systems to turn to innovative cloud solutions which require little or no capital funding. The business model includes payment by monthly subscription, effectively shifting IT from the CAPEX to the OPEX budget.