Feeds

Technology dinosaurs reluctant to cuddle up to the Web

PWC spews out the benchmarks

  • alert
  • submit to reddit

3 Big data security analytics techniques

Half the technology companies in Europe are not yet selling via the Web, a survey by Price Waterhouse Coopers (PWC) has revealed.

This situation, described as "alarming" by PWC, is largely due to established businesses lagging behind in the e-commerce race. In comparison to these dinosaurs, younger companies (defined as less than four-years-old by PWC) are generating twice as much of their turnover from e-business.

The Finns are leading the pack in this respect, closely followed by Ireland – with respondents in these two countries expecting up to 68 per cent of next year's sales to be online.

But this growth will worsen staff shortages, already nearing crisis point in the IT industry. The survey, which analysed results from 1289 businesses including resellers, distributors, software development and manufacturing, estimated that e-business staffing would rise from 15 per cent in 1999 to 28 per cent in 2002. Newer companies forecasted the highest percentage of Internet-related staff.

According to the survey: "The single most important issue facing the technology industry continues to be finding and retaining quality staff.

"Seventy per cent of respondents noted that they had substantial difficulties recruiting skilled staff. One of the key challenges is the recruitment of staff with e-business skills."

"The survey highlights that e-business is enabling younger, more nimble companies to exploit the global marketplace, once the exclusive hunting ground of the multinationals," commented Ronald van Tongeren, a PWC partner in charge of the study.

Other pearls from the survey were:

  • Staff turnover stayed at around 17 per cent

  • Average training days per Brit employee were six days per year, compared to five days for the rest of Europe

  • A mere 35 per cent of respondents in the UK claimed profitability was their main business goal

  • The time taken to develop new products in the UK was 1.6 years, longer than the 1.4 European average
  • ®

Combat fraud and increase customer satisfaction

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.