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Tech Companies Need More Skilled Workers, CTA Study Shows

ARLINGTON, Va., Oct. 13, 2020 /PRNewswire/ — Three in four technology companies (75%) face difficulty finding candidates with the right skills and abilities today, according to the annual Consumer Technology Association (CTA)® Future of Work Study. For the first time, the annual study – which surveyed 240 tech industry leaders on workforce trends – also explores how the tech sector is embracing diversity and inclusion and adapting amid the COVID-19 pandemic. 

The study finds four in five (80%) employers will need more employees with technical skills. Employers say the most in-demand technical skills at their company are data analytics (57%), software development (56%) and project management (56%). However, companies are also looking beyond technical skills to soft skills. The top soft skills employers look for are communication (85%), problem-solving (83%) and critical thinking (83%). 

To find and recruit skilled candidates, almost three-quarters of respondents (72%) say they will

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Companies are just now starting to figure out remote work

As we move deeper into the pandemic, companies are realizing that the remote work habits that are de facto today will likely persist to become a major part of the way they work in the post-COVID world. Technology will play a big role in this new environment, but the way companies rebuild themselves around the technology may be even more important.

That was the topic of discussion at one round table during Fast Company‘s Impact Council annual meeting on June 30. The panel, moderated by Fast Company technology editor Harry McCracken, included Box CEO Aaron Levie, Visible CEO Miguel Quiroga, Threshold Ventures partner Heidi Roizen, Infoblox CEO Jesper Andersen, Pfizer chief digital and technology officer Lidia Fonseca, Emerald One CEO Laverne Council, and Vince Campisi of Raytheon Technologies.

When the pandemic began, much of the focus was on the technologies that we suddenly needed to enable working from home.

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Microsoft and Other Tech Companies Take Down TrickBot Botnet

Days after the US Government took steps to disrupt the notorious TrickBot botnet, a group of cybersecurity and tech companies has detailed a separate coordinated effort to take down the malware’s back-end infrastructure.

The joint collaboration, which involved Microsoft’s Digital Crimes Unit, Lumen’s Black Lotus Labs, ESET, Financial Services Information Sharing and Analysis Center (FS-ISAC), NTT, and Broadcom’s Symantec, was undertaken after their request to halt TrickBot’s operations were granted by the US District Court for the Eastern District of Virginia.

The development comes after the US Cyber Command mounted a campaign to thwart TrickBot’s spread over concerns of ransomware attacks targeting voting systems ahead of the presidential elections next month. Attempts aimed at impeding the botnet were first reported by KrebsOnSecurity early this month.

Microsoft and its partners analyzed over 186,000 TrickBot samples, using it to track down the malware’s command-and-control (C2) infrastructure employed to communicate with the victim

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Half of All UK Companies Fall Into Bottom Quadrant of Competitiveness, Posing Threat to UK’s Future Prosperity, New Research Reveals

LONDON–(BUSINESS WIRE)–Oct 12, 2020–

A new model of competitiveness devised by academics at Goldsmiths, University of London in partnership with Microsoft scores almost half (46%) of UK firms in the lowest quadrant, posing a threat to Britain’s prosperity as organisations rally from the impact of COVID-19, and prepare for Brexit as UK-EU negotiations reach their conclusion.

The research finds that more than half (54%) of UK organisations surveyed have seen a decrease in revenue this year compared to last year, with more than one in five (22%) experiencing a drop greater than 15%. The same proportion (22%) had to scrap an existing business model within days of entering the UK’s first lockdown, and 45% of leaders surveyed expect their current business model will cease to exist in 5 years’ time – an increase of 12% over the past year.

However, the model also identifies minimal, rapid changes that UK organisations

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U.S. companies lobby against China tech bans

The friction shows the difficulties the government faces in translating its national-security agenda into the real world, where influential industries have developed deep ties to China over many years.

Congress and the Trump administration say the measures are necessary to lessen U.S. reliance on a strategic rival that could sabotage, hack or withhold important technology. Some U.S. companies argue that the restrictions will cost tens of billions of dollars and in some cases won’t improve national security.

“We are broadly supportive of the spirit” of a law imposing new restrictions for federal contractors, Wesley Hallman, head of strategy and policy at the National Defense Industrial Association, said in an interview, adding that “some suspicion of Chinese components” is warranted.

But “if you were to apply this law very broadly in the way it is written,” he said, “just about all contractors doing work with the federal government, they would have

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5G could generate trillions in benefits in the next decade. So why aren’t companies moving faster with it?

In the next ten years, a whopping extra $8 trillion could be added to global GDP thanks to 5G-enabled industries, according to predictions from Nokia.

Research sponsored by the Finnish 5G equipment provider suggests that 5G will underpin the age of IoT, AI, smart cities and autonomous cars, and have a direct positive impact on business performance.

The findings seem at odds with the current context: while the Covid-19 pandemic continues to cripple small and large companies alike, some analysts predict that businesses will focus on near-term survival, and that investments in technologies that are not directly linked to recovery will take a backseat. It’s hard to get excited by 5G when you don’t even get to leave your house.

But Nokia’s research found that, instead of shying away from IT investments, the health crisis has prompted companies to double down on digital transformation programs. The report estimates, therefore, that

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Apple on EU ‘hit list’ of big tech companies that will face stricter rules

The European Union plans to impose new and stricter regulations on a “hit list” of 20 large internet companies — including Google, Facebook, Amazon, and Apple.

EU regulators, who are seeking new powers to police Big Tech in Europe, are currently drawing up that “hit list.” The companies will be subject to more stringent rules in an effort to curb their market power.

The list of rules will be based on criteria such as the number of users a company has, or the market share of revenues, according to The Financial Times. It could also include technology companies deemed so powerful that rivals can’t trade without using their platforms.

Companies that find themselves on the list may face new rules that could force them to be more transparent about the information they gather and regulations requiring them to share data with their competitors. It’s likely that the list will

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Mitre Medical Corp. Announces Presentation and Participation at the MedTech Emerging Growth Companies 2020 Virtual Roadshow – Press Release

MORGAN HILL, CA / ACCESSWIRE / October 12, 2020 / Mitre Medical Corp. (“Mitre” or “company”) is an early-stage medical device company developing the Mitral Touch®, a less invasive and safer approach to treat functional mitral valve regurgitation (FMR) and remodel the left ventricle (LV). Mitre is pleased to announce that the company will be presenting at and participating in the U.S.-Japan cross-border event, MedTech Emerging Growth Companies 2020 Virtual Roadshow. Details about the event are as follows:

This year the MedTech Emerging Growth Companies 2020 Virtual Roadshow will introduce over 20 emerging U.S. medical technology companies to Japanese business, financial, academic, and government experts. The event is a collaboration between the Japan Society of Northern California and US-Japan Medtech Frontiers. The virtual conference will feature thematically grouped company presentations followed by online networking sessions with presenters.

“We are excited to follow-up on the success of last year’s conference. The

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Hong Kong IPO Boom Set to Continue, Led by Technology Companies

(Bloomberg) — Hong Kong’s boom in initial public offerings is set to be prolonged as companies given a boost by the pandemic outbreak follow China’s technology giants in selling shares, the bourse’s head of listings said.



a person sitting on a bench in front of a body of water: Views of Hong Kong as China Law to Establish 'Red Lines' for the City, Adviser Says


© Bloomberg
Views of Hong Kong as China Law to Establish ‘Red Lines’ for the City, Adviser Says

Companies from the technology and biotechnology sectors could continue to fill the IPO pipeline in the near future as Covid-19 has boosted investments in research and development, Hong Kong Exchanges & Clearing Ltd.’s Head of Listing Bonnie Chan said in an interview on Friday.

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“We thought 2020 would be a disappointment, but it has turned out to be a busy year,” Chan, 50, said. “I believe the IPO rush will continue.”

Hong Kong this year has seen a rush of listings from Chinese companies including JD.com Inc. and Netease Inc., which are selling shares

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Tech Dominates FlexJob’s Top 50 Companies Hiring For Remote Jobs

  • 24 of the top 50 companies who posted the most remote job openings on FlexJobs between March 1 and September 15, 2020, are software and technology-based.
  • Atlassian, Amazon, Collabera, CrowdStrike, Oracle, Red Hat, Tanium and Twilio are a few of the many tech companies actively looking to fill remote-based job positions today.  
  • Amazon has 949 open work-from-home positions open today on their Amazon Jobs site, 287 of which are for Solution Architect roles, 99 in Software Development and 83 in Project/Program/Product Management Non-Tech.   

FlexJobs is one of the leading sites and subscription services specializing in verified high quality, remote and flexible jobs. They have seen an increase of more than 50% in remote job listings in the areas of Computer/IT, Customer Service, Accounting & Finance, Project Management, Marketing

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