Business
SMES FLOCK TO THE CLOUD – CHANGING THE WAY WE WORK

Richard Reggel, Head of Cloud Services, WeWorkEverywhere
In today’s technology centric world organisations of all sizes are turning to remote working to drive forward their businesses. Increasingly we are living in an always-on, mobile world where the need to work from anywhere, using any device, is critical. A recent report by IDC says that SMB cloud spending will grow by nearly 20% over the next five years. The report also cites web hosting and hosted email as early examples of cloud computing that were fully embraced by many SMBs prior to the popularisation of the term ‘cloud computing’.

Richard Reggel, Head of Cloud Services, WeWorkEverywhere
We recently commissioned independent research in order to better understand the challenges, opportunities and concerns around cloud adoption for SME. The research findings showed that 33% of SMEs are currently using the cloud for email and 33% are also using it for storage and back-up. Other cloud applications being used include accounting and billing (15%), HR (14%) and CRM (14%). By delivering cost-effective, on-demand computing opportunities, the cloud is dissolving the advantages long held by larger enterprises, while levelling the playing field for SMBs around the world.
For SMBs, the cloud is far more than just the latest trend. It has become a tool that is fundamentally reshaping how they run their businesses and the results they are able to achieve. A study by Microsoft found that most 63% of growing businesses believe that cloud technology is critical to their future success. The same study found that lower costs, increased productivity and more flexibility are key motivators for adopting cloud technology.

SMES FLOCK TO THE CLOUD – CHANGING THE WAY WE WORK
However, for SMBs it can be tough to achieve this in a cost-effective, yet robust way. At the end of the day, SMBs want an IT system that works, and for many, they want someone else to do it. In much the same way that day-to-day property management is not something that many small – or large – companies want to worry about (and that is why serviced offices have grown in popularity), many businesses are choosing to outsource their IT completely. And thanks to the cloud, this can be quick and easy to achieve.
For companies that want to focus on growing their business rather than running their IT, a hosted desktop service could be the answer. Whether your staff work from multiple office locations, from home – or even whilst on holiday – and you want them to have the same ‘company’ experience regardless of the device they are using, a hosted desktop service could be just what you need. The key benefits are:
- Cost-effective – every organisation wants controllable IT costs but that can be hard to achieve in a rapidly changing business. The beauty of the hosted desktop solution is that you only pay for what you use, so the budget concern is mitigated.
- Safe and secure – with news of data breaches and IT hacks hitting the headlines every day, it’s no wonder that IT security is a key concern for businesses. The fact of the matter is that data stored in the cloud is more robust and secure than a small business is likely to be able to implement itself. Hosted desktops are operated in a professionally monitored environment with automated, encrypted backups, stored safely and securely.
- Remote working – the current tube strikes, bad weather and over-running engineering works would cause minimum disruption in the hosted desktop world. All you need is an Internet connection and you can access your desktop from anywhere, anytime and via any device. The ability to work seamlessly from multiple locations came up as one of the most important issues for small businesses in the WeWorkEverywhere study and over 21% of respondents said this very important for their business.
There is no doubt that demand is growing for reliable, scalable and flexible IT systems that can support the rapidly changing needs of today’s small and growing businesses. The rise of cloud computing and remote working are becoming key focus areas for SME organisations in 2014. The great news is that there are a number of technology platforms and services that take care of SME organisations’ day to day needs and technology progression, so you don’t need to worry about maintenance, licences or upgrades – now or in the future.
Business
Sunak to raise business tax to pay for COVID-19 support – The Sunday Times

(Reuters) – British finance minister Rishi Sunak is set to increase a tax on business to pay for an extension to COVID-19 support schemes in the budget next month, The Sunday Times reported https://bit.ly/3ujaBcU.
Sunak, in his speech on March 3, will announce he is increasing corporation tax from 19 pence in the pound and will outline a pathway where it rises to 23 pence in the pound by the time of the next general election, the report said. The move will raise an expected 12 billion pounds ($16.8 billion) a year, the report added.
According to the report, at least 1 pence is set to be added to the bill for business from this autumn, at a cost to business of 3 billion pounds, with further rises in subsequent years.
Allies of Sunak clarified he would not increase corporation tax higher than 23%.
These measures will be helpful in paying for an extension to the furlough scheme, VAT cuts and business support loans until at least August.
Unlike the 2010 Conservative-led government, which pursued spending cuts to rebalance the economy after the global financial crisis, Sunak is expected to defer most of the toughest decisions about how to pay for that support in his budget speech.
“The corporation tax hike will be higher than expected and the extension of the support schemes will be longer than most people expect,” the newspaper quoted a source as saying.
Insiders indicated the stamp duty holiday on property purchases would also be extended in line with the other coronavirus support measures, the report said.
Britain’s economy had its biggest slump in 300 years in 2020, when it contracted by 10%, and will shrink by 4% in the first three months of 2021, the Bank of England predicts.
($1 = 0.7136 pounds)
(Reporting by Vishal Vivek in Bengaluru; Editing by Lincoln Feast.)
Business
Foxconn chairman says expects “limited impact” from chip shortage on clients

TAIPEI (Reuters) – The chairman of Apple Inc supplier Foxconn said on Saturday he expects his company and its clients will face only “limited impact” from a chip shortage that has rattled the global automotive and semiconductor industries.
“Since most of the customers we serve are large customers, they all have proper precautionary planning,” said Liu Young-way, chairman of the manufacturing conglomerate formally known as Hon Hai Precision Industry Co Ltd
“Therefore, the impact on these large customers is there, but limited,” he told reporters.
Liu said he expected the company to do well in the first half of 2021, “especially as the pandemic is easing and demand is still being sustained.”
The global spread of COVID-19 has increased demand for laptops, gaming consoles, and other electronics. This caused chip manufacturers to reallocate capacity away from the automotive sector, which was expecting a steep downturn.
Now, car manufacturers such as Volkswagen AG, General Motors Co and Ford Motor Co have cut output as chip capacity has shrunk.
Counterpoint Research says the shortage has extended to the smartphone sector, with application processors, display driver chips, and power management chips all facing a crunch.
However, the research firm predicts Apple will face a minimal impact, due to its large size and its suppliers’ tendency to prioritise it. Apple is Foxconn’s largest customer.
Foxconn is looking at other areas for growth, including in electric vehicles (EVs), and Liu said their EV development platform MIH now had 736 partner companies participating.
He expected it would have two or three models to show by the fourth quarter, though did not expect EVs to make an obvious contribution to company earnings until 2023.
Liu also said the company was still looking for semiconductor fab purchase opportunities in Southeast Asia after not winning a bid to take over a stake in Malaysia-based 8-inch foundry house Silterra.
(Reporting by Ben Blanchard and Jeanny Kao; Writing by Josh Horwitz; Editing by William Mallard and Ana Nicolaci da Costa)
Business
EU seeks alliance with U.S. on climate change, tech rules

By Sabine Siebold and Kate Abnett
BERLIN (Reuters) – Europe and the United States should join forces in the fight against climate change and agree on a new framework for the digital market, limiting the power of big tech companies, European Union chief executive Ursula von der Leyen said.
“I am sure: A shared transatlantic commitment to a net-zero emissions pathway by 2050 would make climate neutrality a new global benchmark,” the president of the European Commission said in a speech at the virtual Munich Security Conference on Friday.
“Together, we could create a digital economy rulebook that is valid worldwide: a set of rules based on our values, human rights and pluralism, inclusion and the protection of privacy.”
The EU has pledged to cut its net greenhouse gas emissions to zero by 2050, while President Joe Biden has committed the United States to become a “net zero economy” by 2050.
Scientists say the world must reach net zero emissions by 2050 to limit global temperature increases to 1.5 degrees above pre-industrial times and avert the most catastrophic impacts of climate change.
The hope is that a transatlantic alliance could help persuade large emitters who have yet to commit to this timeline – including China, which is aiming for carbon neutrality by 2060, and India.
“The United States is our natural partner for global leadership on climate change,” von der Leyen said.
She called the Jan. 6 storming of the U.S. Capitol a turning point for the discussion on the impact social media has on democracies.
“Of course, imposing democratic limits on the uncontrolled power of big tech companies alone will not stop political violence,” von der Leyen said. “But it is an important step.”
She was referring to a draft set of rules unveiled in December which aims to rein in tech companies that control troves of data and online platforms relied on by thousands of companies and millions of Europeans for work and social interactions.
They show the European Commission’s frustration with its antitrust cases against the tech giants, notably Alphabet Inc’s Google, which critics say have not addressed the problem.
But they also risk inflaming tensions with Washington, already irked by Brussels’ attempts to tax U.S. tech firms more.
Von der Leyen said Facebook’s decision on a news blackout on Thursday in response to a forthcoming Australian law requiring it and Google to share revenue from news underscored the importance of a global approach to dealing with tech giants.
(Additional reporting by Foo Yun Chee; editing by Robin Emmott and Nick Macfie; editing by Jonathan Oatis)