Software Companies Still Need To Address Legacy Systems

CEO of Rookout. Has led data-driven businesses, products and R&D teams over the last two decades, from startups to government organizations.

Cloud. Microservices. Containers. Serverless.

These are buzzwords everyone in the software industry has become familiar with. That’s not even getting into the world of “machine learning” and “AIOps” (artificial intelligence operations). While it’s true that many cutting-edge companies, particularly in the tech industry, are embracing and adopting modern software architectures and methodologies, the fact is that the large majority of companies are running legacy applications responsible for millions, if not billions, of dollars in revenue.

The pandemic has shown just how much we rely on these aging legacy IT systems. According to a recent report from AppDynamics, 66% of IT professionals say that “the pandemic has exposed weaknesses in their digital strategy, driving an urgent need to push through initiatives which were once a part of multiyear

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The COVID-19 Crisis Presents An Opportunity For Companies To Step Up Their Efforts In Ensuring The Safety and Well-Being Of Their Employees


6 min read

Opinions expressed by Entrepreneur contributors are their own.


You’re reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

It is no surprise that the COVID-19 crisis has gravely affected the mental health and well-being of employees. Business priorities and goals all over the world have drastically changed, with key challenges being to keep the business afloat, as well as manage the safety and security of employees.

The social distancing measures implemented by governments within the Middle East region have made people more isolated and uncertain. Homes have turned into offices, playgrounds, gyms, and schools, and changes due to health threats and job losses are not helping to make the situation better. Moreover, in the fast-moving consumer goods (FMCG) industry, our frontliners had to leave the safety of their homes, and make sure that the food is produced and displayed on the shelves of

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Pharmaceutical, Biotech and Banking Companies Lead the Way in Social Responsibility

It might seem counterintuitive that Merck KGaA, a German science and technology company with a market value of about $67 billion, would pay attention to a neglected tropical disease called schistosomiasis that mostly affects poor and rural communities.

Similarly, providing financial services to underserved parts of the population might not be the most obvious growth strategy for Bank of Montreal, a Canadian banking and financial-services company with about $740 billion in assets under management as of July 31.

Both companies found that serving local communities—and burnishing their reputations as socially responsible businesses—pays off. These efforts helped land Merck and BMO among the top 100 companies in The Wall Street Journal’s new ranking of the world’s most sustainably managed companies.

The ranking is based on a scoring system that Journal research analysts used to compare more than 5,500 publicly traded companies world-wide in areas including social capital, the environment, human capital

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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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More Companies Are Using Technology To Monitor For Coronavirus In The Workplace

In March, Dr. Achintya Moulick found himself at the epicenter of the U.S. coronavirus pandemic.

He overseas three CarePoint Health hospitals in northern New Jersey and in the early days of the pandemic, they were swamped. “We had no idea what this infection was all about,” he says.

One of the first challenges was screening patients for COVID-19 even before they entered the hospital.

“One day I saw a big line outside the entrance of the hospital,” he says. “And they were manually checking everybody’s temperature.”

Moulick thought this was crazy. “The lines were all the way out to the garage,” he says.

The process was diverting his frontline staff, burning through precious personal protective equipment and creating a bottleneck of potentially infectious patients outside his door.

So he hired a company that uses thermal scanners to take the temperature of up to 20 people at a time as they

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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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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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