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Mathew Wells

Detailed retail bank ring-fencing reforms to be set out in June 2012

On 9 May 2012 Mathew Wells wrote on the subject of Financial services.

The long awaited ‘retail bank ring-fencing’ white paper shall be revealed in the Queen’s Speech today - Wednesday 9 May 2012 – which will pave the way for the legislative agenda for the current sitting of Parliament.  

The UK Treasury has reported that the white paper will be published on 14 June 2012 together with a key Mansion House address by George Osborne. Initially the white paper was to be published in the Spring but due to complexities in detailing how the ring-fence should work and be operated, the Government decided to delay publication. The white paper will set out the detail of the Independent Commission on Banking (ICB) recommendations on retail bank ring-fencing which issued its final report in September 2011.

Draft legislation is now likely in the autumn.

Posted in Financial services | No comments »

Mike Newlove

Is it now time for large organisations to collaborate?

On 4 May 2012 Mike Newlove wrote on the subject of Technology.

Collaboration can be defined as two or more people or organisations working together to realise shared goals. In reality this is more than combining common goals as seen in co-operative ventures, but a determination to reach an identical objective.

The IT industry is currently undergoing one of the most significant periods of transformation in the last 20 years. This period of change is seeing trends such as the huge growth of powerful smartphones, the consumerisation of IT purchasing and the move towards cloud-based delivery. The combination of mobile smartphones and tablets, innovative applications delivered through the internet and the flexibility of cloud-based models is bringing an end to traditional desk-based PCs. In fact some of the statistics are amazing with 100+ million Apple iPhones sold to date and 10+ million Google android devices now being activated per month. These new mobile devices come equipped with all of the capabilities necessary to enable people to communicate and collaborate.

This is clearly creating a consumer-led influence on corporate IT and is opening up the use of social software in the enterprise. The incoming generation of workers has grown up using Facebook, Twitter, YouTube, blogs, wikis – and expects to be able to use these same tools or their equivalents in the workplace. However most large or global organisations suffer from a perceived divide separating the business (who own the data) and central IT departments (who own and maintain the hardware and software infrastructure). Over time this centralised view within IT has created issues between IT and the business. The business believe that IT is slow, bureaucratic and unresponsive to ever-changing business needs. IT on the other hand feel the business is too quick to react to every little thing and have trouble articulating business benefits.

Now is a time when the technology is available and the opportunity is there to collaborate effectively, but the term ‘collaboration’ is still a bit of a buzzword. Businesses need to get people to think as one company and to get managers in different functions to work together.

Posted in Technology | No comments »

Steve Glasgow

How to effectively manage telecoms spend

On 30 April 2012 Steve Glasgow wrote on the subject of Managed services.

Read more How to effectively manage telecoms spend

Today’s companies are increasingly reliant on their telecoms and network services; be it empowering their mobile workforce, delivering business critical applications or interacting with their clients. A great deal of effort is spent in negotiating headline unit prices, yet without a comprehensive approach to managing and optimising the ongoing spend much of the commercial value can be lost with spiralling bills and lack of control. This is only set to get worse with the rapid rise of bring your own device (BYOD) policies. However the sheer complexity of the telecoms environment makes it very difficult to effectively manage and optimise the cost base. In response, organisations are increasingly looking to deploy comprehensive telecoms lifecycle management (TLM) services delivering savings of anywhere from 10% to 35% of telecoms costs.

Posted in Managed services | No comments »

Chris Argent

Collaboration and the red telephone box

On 27 April 2012 Chris Argent wrote on the subject of Technology.

For the first time in 25 years it is now possible to purchase a British icon – a red telephone box. Private buyers now have the opportunity to buy direct from BT and invest in a piece of British design history. Maybe you want to turn one into a shower or just have somewhere private to update your Facebook status or tweet?! 

The number of BT payphones in the UK increased rapidly after BT was privatised in 1984 but has now fallen from 92,000 in 2002 to just 51,000. In 1984 the payphone and fixed-line telephone were examples of a limited number of technologies that enabled us to communicate and collaborate. The mobile phone was in its infancy, email was only used by a select few and social networking on the World Wide Web was still 10 years away.

Today we have a multitude of technologies that enable us to communicate and collaborate in more ways than ever before. This is as true for multinational companies as it is for us as individuals. The challenge facing multinationals is a growing requirement to collaborate more effectively internally and externally in a strategic, secure, cost effective and end-user focused way using the technologies and services available today (and in the future!). This can be critical when finding new business and bringing existing products and services to market faster and more cost-effectively.

A company-wide strategy covering all aspects of collaboration, that may or may not include the purchasing of 30 year-old telephone boxes, can help multinationals to address this important social and technological challenge.

Posted in Technology | No comments »

Rahoul Bhansali

Can Vodafone digest CWW or has it bitten off more than it can chew?

On 23 April 2012 Rahoul Bhansali wrote on the subject of Government,Market commentary.

Today Vodafone has confirmed its commitment to transform itself into a full service telco by agreeing to buy Cable & Wireless Worldwide (CWW). The acquisition provides a welcome boost to Vodafone’s enterprise business through obtaining a raft of key central government and other critical national infrastructure ICT contracts and will give Vodafone the infrastructure with which to manage the growth in cellular data traffic. Despite its much commented difficulties (www.hudsonyorke.com/blog/2011/06/24/when-worldwide-really-means-uk/) CWW had built an enviable client list across both the UK public sector and international businesses. 

Vodafone has invested in its enterprise business providing managed mobility services however successfully integrating CWW and so realising its commitment to the enterprise telecoms market will require  significant investment in people, processes and technology.  Managing complex ICT contracts on behalf of government, emergency services and the utilities market is culturally very different to the enterprise mobile market. Complex contracts tend to have customer-led terms and conditions requiring high levels of service delivery, vastly different risk profiles requiring bespoke commercial models and stringent regulation reflecting the critical nature of the clients’ business. Buyers of these services as well the telecoms and ICT industries are watching with baited breath to see if Vodafone can manage this transformation or if it has it bitten off more than it can chew.

Posted in Government, Market commentary | No comments »

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