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Business news round-up: Cloud tech, EU cyber security & post-Brexit economy

Cloud technology helping to renovate the hospitality industry

Software giant Oracle’s global segment leader for hotels believes that cloud technology is helping the hospitality sector to improve profitability and respond to changing consumer demands.

Dr. Peter Agel assures that cloud deployment provides hotels with more opportunities for innovation, greater security and data integrity, and has multiple associated operational benefits.

Read more here about how adopting cloud technology can help businesses in the hospitality industry to meet and exceed customer expectations in an increasingly competitive marketplace.

EU cyber security rules will still stand post-Brexit

Regardless the fact that the UK has voted in favour of Brexit, businesses will still be required to comply with at least some elements of the European Parliament’s Network and Information Security (NIS) Directive.

The directive is an EU-wide rule on cyber security aimed at achieving a high common level of security of network and information systems in the EU, and will be included into European Union (EU) member states’ laws by May 2018.

Read more about how the Directive is likely to affect UK businesses here.

Sage CRM given Best Overall Value Award 2016

Sage CRM has been awarded Info-Tech's Vendor Landscape 2016 award for Best Overall Value.

Info-Tech Research Group is the world’s fastest growing information technology research and advisory company, proudly serving over 30,000 IT professionals.

Info-Tech regarded Sage CRM as a platform with ‘robust sales enablement capabilities and a particularly strong mid-market focus,’ and a strong, reliable product for SMBs that need a feature set for sales and marketing use.

Read more about the award and the reasons for Sage CRM’s win here.

 

World’s largest betting site successfully deploys private cloud

Paddy Power Betfair has leveraged a private cloud to accelerate application delivery.

Private clouds are commonly adopted to help enterprises implement cloud technologies, while adhering to industry-required governance, risk and compliance requirements.

As proven by Paddy Power Betfair, private cloud infrastructure can be deployed onto platforms without an operating system to achieve better performance; critical in industries such as finance, exchanges and transactions processing systems.

Read more here to find out how Paddy Power Betfair implemented their new solution and made it work for their successful business.

Bank of England’s chief economist shares first views on UK economy since Brexit

Andrew Haldane, Chief Economist of The Bank of England, has urged that the Bank needs to act "promptly" to stimulate the economy and boost confidence.

In response to the central bank upsetting markets by not cutting rates, and in his first speech since Britain voted last month to leave the European Union, Andrew Haldane said the Bank needed to come up with a "package of mutually-complementary monetary policy easing measures" in time for a rate-setting meeting in August.

Find out more about what these measures might entail here.