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WHAT IS BYOD, ANYWAY?

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WHAT IS BYOD, ANYWAY?

Todd Carothers, Executive Vice President of Marketing and Products, CounterPath

Allowing employees and team members alike to utilise their personal devices for work related tasks and access company data, systems and applications is nothing new. Bring Your Own Device (BYOD) policies have been around for some time now, having gained a lot of traction in recent years with no signs of slowing down any time soon – so what is BYOD, anyway?

BYOD initiatives are usually spearheaded by the IT department and the levels of implementation and data access allowed on personal devices vary from company to company and even between employees. An organization must decide if they wish to grant unlimited access for personal devices, restrict the access to sensitive data from personal devices and/or prevent local storage of data on non-company owned devices.

Regardless of the regulations that a company sets, there are benefits and risks associated with implementing a BYOD policy in your organization. Employees increase their productivity by utilizing a system or a device with which they are familiar. On average, personal devices are newer and are updated more frequently.

As users continue to invest and become more attached to personal devices, a BYOD policy assists in raising employee satisfaction. BYOD policies also eliminate the need for employees to carry multiple devices. Finally, a BYOD program may help reduce the costs associated with hardware however, those benefits may be offset by data plan subsidies. Below are three key tips for managing that program.

  • Daily Monitoring: This is perhaps the most challenging aspect in the implementation and management of a BYOD program, but as such, it is also a vital step for its success. When allowing access to company sensitive data, your organization needs to manage protocols and individual devices effectively. As employees change their devices often, it is important to maintain constant communication and control over the devices included in the company’s network.
  • Create a solid policy: Creating an encompassing policy is the best way to build a foundation for success when implementing a BYOD program. A policy must lay out the rules and protocols that will govern the entire initiative. This document must include details about the applications, data, security levels and files that are to be available through employees devices.
  • Availability of devices: Users have a plethora of options to choose from when it comes to personal devices. This is why it is imperative to set up a program that is compatible with the majority of the devices that will be brought forward by the users in your organization. There is nothing worse than being limited due to a system availability issue.

There are, however, implications that need to be taken into consideration when determining if a BYOD policy is a good fit for your organization. The main concern that it is often raised refers to security. The risk of having sensitive corporate data and information available on devices with limited protection can be a liability if it is not managed appropriately. Keeping the above points in mind when planning and executing your BYOD plan will help you and your organization operate smoothly and reap the benefits associated with this initiative.

With the rise of BYOD adoption, in addition to the increasing number of remote workers and telecommuting, unified communications systems provide organizations with an invaluable option to improve the collaboration and communication among different networks, platforms and devices.

Business

Auto recovery fuels optimism for Europe’s earnings season

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Auto recovery fuels optimism for Europe's earnings season 1

LONDON (Reuters) – Expectations for European companies’ profits in the last quarter of 2020 are improving as the reporting season gets underway, driven by optimism car markers will recover faster than expected from the COVID-19 crisis, according to Refinitiv I/B/E/S data.

Companies listed on the pan-European STOXX 600 benchmark index are expected to see a 24.3% fall in fourth-quarter earnings, an improvement compared to last week’s prediction of a 26.2% retreat.

Refinitiv added that out of the 14 companies which had already reported earnings when it compiled the data, 78.6% had exceeded analyst estimates.

Germany’s Volkswagen’s notably reported on Friday a rebound in premium car sales in China and stronger deliveries which pushed its operating profit to 10 billion euros, well above the 4.8 billion euros awaited by analysts.

“We expect Q4 earnings season to deliver many beats across the sector”, UBS analysts commented separately in a note, warning however that some of the improvement had already been priced in the stock market.

More broadly, Germany’s auto industry association said on Tuesday it was optimistic for a recovery in the second half of 2021 despite the closure of stores and showrooms and a global shortage of semiconductors that has shut assembly lines.

Estimates for the first quarter also slightly increased compared to last week. Profits are seen rising 44% versus 43.5% in last week’s data.

(Julien Ponthus in Lodnon and Danilo Masoni in Milan, editing by Louise Heavens)

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Business

FTSE 100 flat as lockdowns weigh on mining, retailer shares

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FTSE 100 flat as lockdowns weigh on mining, retailer shares 2

By Shashank Nayar and Amal S

(Reuters) – Britain’s FTSE 100 was adrift on Wednesday, weighed down by mining shares as a surge in virus cases and movement curbs raised demand worries, while Fresnillo dropped after the precious metals miner predicted lower gold production.

The blue-chip FTSE 100 index was flat, with miners and construction stocks falling the most, while the mid-cap index gained 0.3%.

Mining heavy-weights Rio Tinto and BHP Group were the top drags in the index, while zinc prices fell to their lowest in more than two months as stockpiles climbed to a two-year high and demand in top consumer China weakened. [METL/]

“Concerns about how long the lockdowns are going to last and whether there will be deeper restrictions imposed as we go along and how much of an economic impact its going to have continues to wiegh on sentiment,” said David Madden, an analyst at CMC Markets.

British retailers slipped 0.2% after reporting the biggest annual drop in prices since May, adding to signs of pressure on the sector.

The mood further dampened as Britain’s death toll from the coronavirus pandemic passed 100,000 people while the government battled to speed up vaccination delivery and keep variants of the virus at bay.

The FTSE 100 has recorded consistent monthly gains since November on expectations of a vaccine-led recovery, but it has lost steam as extended lockdowns and worries of vaccine roll-outs hit business activity.

Tullow Oil dropped 0.7% even after the oil exploration company forecast its operating cash flow to reach $500 million in 2021, if the oil price stays above $50 a barrel.

Fresnillo Plc fell 4.8% after forecasting lower gold output for the current year than pandemic-hit 2020, mainly after a land slip at one of its mines in Mexico restricted operations.

(Reporting by Shashank Nayar in Bengaluru; Editing by Arun Koyyur and Sherry Jacob-Phillips)

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Dollar edges before Fed meeting, euro slips

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Dollar edges before Fed meeting, euro slips 3

By Ritvik Carvalho

LONDON (Reuters) – The dollar edged higher against a basket of currencies on Wednesday as markets waited for comments from Federal Reserve Chair Jerome Powell, who is likely to renew a commitment to ultra-easy policy.

The dollar reversed declines against riskier currencies, even as pandemic recovery hopes got a boost from the International Monetary Fund’s upgrading its forecast for 2021 global growth.

Treasury yields, whose rise had supported the dollar at the start of this year, declined overnight amid caution about the eventual size of and delays to President Joe Biden’s $1.9 trillion fiscal stimulus plan.

“While the Fed had been consistent for the past few months that the balance of risks was still to the downside, we could see a more neutral stance being taken,” said John Velis, FX and macro strategist at BNY Mellon.

“This would be seen as a marginally hawkish turn on the Committee, but we think that the Chair will make it quite clear that neither interest rate rises nor any quantified timeline for tapering bond purchases is under consideration.”

The Fed chair is due to speak at a news conference after the central bank’s two-day policy meeting, which ends Wednesday.

Earlier this month, he said in a web symposium with Princeton University that the U.S. economy is still far from the Fed’s inflation and employment goals, and it is too early to discuss altering monthly bond purchases.

Graphic: Federal Open Market Committee Projections – https://fingfx.thomsonreuters.com/gfx/mkt/dgkplkqagvb/Pasted%20image%201611737561069.png

The dollar index ticked up 0.1% to 90.284 on Wednesday in Europe, following a 0.2% decline the previous session.

The gauge has been consolidating since bouncing off a nearly three-year low of 89.206 at the start of the month.

The British pound climbed to its highest since April 2018 at $1.3753 before trading slightly lower at $1.3724. [GBP/]

The Aussie dollar slipped 0.2% to 77.30 U.S. cents, paring Tuesday’s 0.5% rally.

EURO/DOLLAR = ECB/FED ?

The euro dipped 0.1% to $1.2146.

Analysts said reports on Tuesday the European Central Bank was studying whether differences with the Fed’s policy are boosting the euro – part of a wider review of financing conditions – would not have a material effect on the currency.

It’s “probably one of those headlines where it’s a buy on the dip moment in euro/dollar here,” said Jordan Rochester, FX strategist at Nomura in a note to clients. He remained long the euro/dollar spot rate, Rochester said, with a target of $1.25 by the end of March.

ECB President Christine Lagarde has repeatedly said the central bank is carefully monitoring the single currency’s exchange rate.

“We suspect they might find that higher inflation is more credible in the US and that euro/dollar spot is closer related to the global manufacturing sector (which is doing well), not European services and maybe, that expectations are elevated in terms of Europe’s comeback,” said Lars Sparresø Merklin, senior analyst at Danske Bank.

“Either way, this adds to a growing number of countries who appear uncomfortable with USD weakness.”

(Reporting by Ritvik Carvalho; editing by Larry King)

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