Archive for the ‘Tennessee’ Category
Thursday, October 27th, 2011
 Chattanooga
CHATTANOGA, TN – Alcatel-Lucent is investing $100,000 in the “The Gig PrizeTM,” a Chattanooga-based initiative to foster the development of gigabit per second Internet applications and business ventures.
“Last year, Chattanooga became America’s first and only city to complete a community-wide network capable of delivering up to 1 gigabit per second Internet speeds to every home and business in EPB’s 600 square mile service area,” said Robert Vrij, president of Alcatel-Lucent’s Americas Region.
“We’re proud to partner with Chattanooga as this extraordinary city establishes a groundbreaking model for demonstrating the direct linkage between investment in telecommunications infrastructure and economic growth.”
Vrij made his announcement as part of his keynote address during the Chattanooga Area Chamber of Commerce’s Spirit of Innovation luncheon where community leaders announced an initiative to position Chattanooga as the Gig CityTM and unveiled the Gig PrizeTM.
The Gig PrizeTM is a competition in which students and entrepreneurs will create and test next generation Internet applications and launch businesses using Chattanooga’s blazing fast Internet.
“Chattanooga offers forward thinking entrepreneurs a huge head-start in leading the next generation of Internet commerce,” said Tom Edd Wilson, president and CEO of the Chattanooga Area Chamber of Commerce. “The Gig PrizeTM will provide the support and connections necessary to develop, prove and fund these paradigm shifting business models.”
Additional information about The Gig PrizeTM will be released in coming weeks. Interested students and entrepreneurs can learn more at www.chattanoogagig.com where challenge rules and details will be available soon.
Tags: 1 gig community network, Alcatel-Lucent, Chattanooga, Gig PrizeTM, priz, prize for Internet app or Internet business, TN Posted in entrepreneurship, Events, Internet/New Media, IT, Other SE, Tennessee | Comments Off
Thursday, May 5th, 2011
For the seventh year in a row, CEOs rate Texas as the #1 state in which to do business and California as the worst. North Carolina maintained its #2 rank, while Florida rose three positions to the #3 spot. Tennessee fell one slot from last year to #4 while Georgia climbed two positions to claim the #5 rank.
Chief Executive magazine’s annual “Best & Worst States” survey takes the pulse of CEOs on business conditions around the nation. For the 2011 survey, 550 CEOs from across the country evaluated the states on a broad range of issues, including regulations, tax policies, workforce quality, education resources, quality of living and infrastructure.
“A handful of states have made business-friendly policies a priority,” says J.P. Donlon, Editor-in-Chief ofChief Executive magazine and ChiefExecutive.net. “These forward-thinking states are the exception rather than the rule and include Utah, Arizona, Florida, Tennessee, Louisiana, Texas and Oklahoma.”
CEOs voted California as the worst state in 2011, with New York, Illinois, New Jersey and Michiganrounding out the bottom five.
“ABC — Anywhere But California,” said T.J. Rodgers, CEO of Cypress Semiconductor, a $668 million chip maker headquartered in San Jose, California, and with plants in 10 countries. “It’s expensive, it’s hostile to business, and environmental regulations are more of a drag on business than protecting the environment.” Cypress Semiconductor’s headcount in California peaked at 1,500. It’s now down to about 600.
With finances in shambles due to the weak economy, many states have been increasing tax rates.
“Today’s ‘soak the rich’ mentality hits business leaders especially hard,” says Marshall Cooper, CEO ofChief Executive magazine and ChiefExecutive.net. “CEOs and entrepreneurs vote with their feet — and also pack up jobs and investment with them when they leave.”
It’s interesting that North Carolina, which has one of the highest tax rates in the Southeast, maintains its number two position, largely due to the talent available through its eduction system and its quality of life. It’s education system is about to take a huge cut as the state wrestles with the same type of budget deficit that plagues other states.
TechJournal South is a TechMedia company. TechMedia presents the annual conferences:
SoutheastVentureConference: www.seventure.org
Internet Summit: www.internetsummit.com
Digital East: www.digitaleast.com
Digital Summit: www.digitalsummit.com
Georgia’s rise is also interesting. Another recent report noted that Georgia is right at the top when it comes to startup activitity, with more than 500 businesses a month launching.
Tags: Best States for Business, Chief Executive Magazine, FL, GA, NC, states ranked, Texas, TN Posted in Carolinas, Florida, Georgia, North Carolina, Other SE, Tennessee | Comments Off
Tuesday, April 5th, 2011
SAN DIEGO–Want to live a longer life? Move to Salt Lake City, the DC-Balitmore area, Raleigh-Durham-Chapel Hill, San Francisco, or Austin. On the other hand, Knoxville and Nashville, TN, Greensboro/Winston-Salem, and Tampa and Jacksonville, FL, may make you old before your time. So says and new report by RealAge.
Southeast and western cities are among the top ten on RealAge’s list of the “youngest” cities in America—metropolitan areas with such healthy lifestyles that on average their residents are physically at least two years younger than their chronological age, and many are years younger than that. RealAge analyzed data from the largest 50 metropolitan areas to compile the rankings.
A passion for fitness and a loathing for smoking are key factors in Salt Lake City’s number one ranking. At the other extreme, residents of Knoxville, Greensboro/Winston-Salem, and Nashville are aging faster than they should. (Get an infographic of the 10 youngest and oldest cities here.)
What are the 10 metro areas where you have the best odds of staying young?
1. Salt Lake City, Utah
2. San Francisco/Oakland/San Jose, Calif.
3. Austin, Texas
4. Denver, Colo.
5. Boston, Mass.
6. Washington, DC/Baltimore, Md.
7. San Diego, Calif.
8. Raleigh-Durham/Chapel Hill, N.C.
9. Minneapolis/St. Paul, Minn.
10. Seattle/Tacoma/Bremerton, Wash.
Which metro areas are likely to make you old before your time?
1. Knoxville, Tenn.
2. Greensboro/Winston-Salem/High Point, N.C.
3. Nashville, Tenn.
4. Saginaw/Bay City/Midland, Mich.
5. Cincinnati, Ohio
6. Tampa/St. Petersburg, Fla.
7. Oklahoma City, Okla.
8. Las Vegas, Nev.
9. Jacksonville, Fla.
10. Tulsa, Okla.
“Each city’s ranking is more than just a number,” says Keith Roach, MD, Chief Medical Officer of RealAge and a co-creator of its test. “It’s a unique assessment of the healthy lifestyles, or lack of them, in each metro area—of how people live there, what they’re doing right and what they need to change. If you live in one of the 10 oldest cities, take this as the alarm on your body’s aging clock going off! It’s never too late for a fresh start.”
Note that half of the 10 youngest cities are in the Western U.S., from Denver to Seattle.
“Maybe it’s the weather, maybe it’s the mountains, but Western cities have adopted active lifestyles that can slow down the aging process,” says Dr. Roach.
Behind the Rankings
To compile the rankings, RealAge analyzed data for America’s 50 largest metropolitan areas generated by its landmark online assessment, the RealAge Test, taken by over 27 million people. This is the first time the company has analyzed aggregated results on a city-by-city basis.
A random sample of 1,000 RealAge members was drawn from each city. The sample data was adjusted for age differences, so a metropolitan area that’s a magnet for retirees wasn’t penalized, and a city jammed with university students didn’t benefit.
The Test uses a powerful algorithm that combines the latest scientific studies with lifestyle, genetics, and medical history to calculate your RealAge—how old your body thinks you are.
What Makes a City Younger or Older
While multiple lifestyle factors are involved, here are four big ones that help people in Boston (the 5th youngest city), for example, stay younger and healthier than those in Cincinnati (the 5th oldest):
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| 1. |
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Getting the right amount of sleep. Six of the 10 youngest cities are among those with stellar sleep habits. And (surprise) New York isn’t the city that never sleeps—the Big Apple ranks second in ZZZ’s; Austin is first. Sleeping six to nine hours a night can make your RealAge as much as 3 years younger. |
| 2. |
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Stubbing out cigarettes for good. Four of the five fastest-aging cities have the highest percentage of smokers. |
| 3. |
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Not sitting around. Six of the 10 youngest cities are among the most physically active in the country. A daily 30-minute walk can make your RealAge up to 3.5 years younger. |
| 4. |
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Controlling your blood pressure. Five of the 10 fastest-aging cities—Knoxville, Cincinnati, Oklahoma City, Jacksonville, and Tulsa—are among the worst for high blood pressure. Nothing ages you faster. Who has the lowest BP? Residents of Minneapolis-St. Paul, the 9th youngest city. |
TechJournal South is a TechMedia company. TechMedia presents the annual conferences:
SoutheastVentureConference: www.seventure.org
Internet Summit: www.internetsummit.com
Digital East: www.digitaleast.com
Digital Summit: www.digitalsummit.com
Tags: Austin TX, Baltimore, Cincinnati, CO, DC, Denver, FL, Greensboro, High Point, Jacksonville, Knoxville, Las Vegas, MD, Nashville, NV, OH, OK, Oklahoma City, Raleigh-Durham-Chapel Hill, Realage.com, San Diego, San Fransciso, Seattle, St. Petersburg, Tampa, TN, Tulsa, Winston Salem Posted in Carolinas, Florida, Maryland, North Carolina, Other SE, Potomac, Studies, surveys, reports, Tennessee, Washington, DC | Comments Off
Monday, March 21st, 2011
NASHVILLE, TN – Eight startups have won Tennessee Technology Development proof-of-concept grants of $50,000 each.
The companies include 4D Medical Systems, Oak Ridge; Foundation Instruments, Collierville; LED North America; Nutraceutical Discoveries; Phenotype Screening Corp.,Nashiville; The University of Tennessee Research Foundation (2 grants); Venture Incite and Y12 National Security Complex.
For background information on the companies see: Company descriptions.
Founders of the winning firms told Milt Capps of Venture Nashville the grants will help them achieve a number of goals, from refining their software to achieving scale.
TTDC President Leslie Wisner Lynch told Capps the grants also increase the chances of the winning firms receiving future venture capital.
Applicants for the grants must be affiliated with Oak Ridge National Laboratory, St. Jude Children’s Research Hospital, the Tennessee Board of Regents, the Tennessee Independent Colleges and Universities Association, the University of Tennessee System, Vanderbilt University and-or the Y-12 National Security Research Complex.
Tags: 4D Medical Systems, Collierville, Foundation Instruments, grants, Milt Capps, Nashville, Nurtaceutical Discoveries, Oak Ridge, Phenotype Screening, Tennessee, TTDC, University of Tennessee Research Foundation, Venture Incite, Venture Nashville Posted in Hardware, Healthcare, IT, Money, Other SE, Tennessee | Comments Off
Monday, March 14th, 2011
NASHVILLE, TN – Entrepreneurs have until Friday, March 18, to apply for the 14-week Nashville JumpStart Foundry program that offers a $15,000 stipend, coaching and other resources. Applicants do not need to hail from Nashville or even Tennessee.
JumpStart becomes a “co-founder” of the startups it helps launch and takes a 6 percent equity stake in the companies in return for its services.
Solidus Company, an investment firm with four funds, started the JumpStart program in 2010. It’s Memphis-based sister program, Seed Hatchery, received more than 60 applicants, according to Milt Capp’s Venture Nashville.
The online application form asks entrepreneurs to describe how their idea or company is different, who its competitors may be, what it will do or make, what previous web projects members of the company team may have created, and how the startup will make money, among other things.
Those evaluating the applications include some of the 31 JumpStart Angels, the Nashville Capital Network, and the Angel Capital Group.
We had trouble accessing the JumpstartFoundry.com website Monday morning.
TechJournal South is a TechMedia company. TechMedia presents the annual conferences:
SoutheastVentureConference: www.seventure.org
Internet Summit: www.internetsummit.com
Digital East: www.digitaleast.com
Digital Summit: www.digitalsummit.com
Tags: incubator program, JumpStart Foundry, Mephis, Nashville, seed funding, Seed Hatchdery, Solidus Company, TN Posted in Money, Other SE, Tennessee | Comments Off
Wednesday, January 26th, 2011
MEMPHIS, TN – Memphis-based Computable Genomix has secured an investment in an undisclosed amount Memphis-based venture capital firm Innova to pilot a novel process for developing genetic biomarker tests.
Biomarkers are used to predict how a person will respond to drug therapy or to determine their risk of contracting a disease.
Leveraging its next-generation computational discovery capability (patent-pending), Computable Genomix is developing highly targeted genetic biomarker tests for clinical researchers.
These tests will help address pressing pharmacogenomic and other clinical questions and enhance the ability of physicians to bring personalized medicine to their patients.
“Current approaches to genetic biomarker development require clinical researchers to work with thousands of patient samples and sift through millions of possibilities to pinpoint a handful of potential biomarkers for further evaluation,” said Brad Silver, CEO of Computable Genomix.
“Using Computable’s very targeted tests, clinical researchers need fewer patient samples to assess a small number of high-value biomarkers. The end result is savings of time and money.”
“As an incubator company at the Memphis Bioworks Foundation, we have closely followed the evolution of Computable Genomix from a supplier of software to a developer of proprietary biomarker tests,” said Innova partner Jan Bouten. “We are very excited about Computable’s opportunity in the burgeoning biomarker market and its prospects for accelerating their use in clinical practice.”
Tags: biomarker tests, Computable Genomix, financing, Inova, Memphis, TN Posted in Biotech, Other SE, Pharma, Tennessee | Comments Off
Wednesday, January 19th, 2011

- Atlantans print out more savings coupons and seek them out on mobile devices more than those in other cities.
Attention, shoppers: Atlanta residents are saving more money than you are. Or at least, they’re printing out more money-saving coupons, according to the “Most Frugal Cities” list compiled by Coupons.com. Tampa, Florida came in second on the list, while Charlotte, NC was six and Raleigh ten, and Nashville, TN, landed at seven.
Atlanta also heads the list of cities where people use mobile devices to tap coupon deals.
We think this information is likely interesting to the social deals companies, such as Groupon and LivingSocial, as well as to Internet and digital marketers in general. It also points to where people are looking for deals online and where the use of mobile devices to aid shopping is trending.
It’s interesting that the South and Midwest dominate these lists, while the Northeast and far West cities show up much further down.
Atlanta tops for second year
For the second year in a row, Atlanta took the top spot on the ‘Most Frugal U.S. Cities’ list, according to the 2010 Savings Index released today by Coupons.com, a California-based Web destination for coupons and savings. On average, regular users of Coupons.com in Atlanta printed more than $1000.00 dollars in coupon savings from the site in 2010. That is almost twice as much as during 2009, when they printed $531 in savings.
Tampa cashed in with coupons and maintained its position as the city with the second most savings. On average, regular users of Coupons.com in Tampa printed $863 in savings.
The South is a mega-saver: more than one-third of the top 20 frugal cities are in the Southern region of the United States. In addition to Atlanta and Tampa, other Southland cities on the list include Charlotte (#6), Nashville (#7), Raleigh (#10), Oklahoma City (#13), Miami (#13) and Dallas (#14).
Once again, Ohio is the country’s most frugal state. The Buckeye state is represented three times on the ‘Most Frugal U.S. Cities’ list – Cincinnati (#3), Cleveland (#8) and Columbus (#19).
North Carolina is Ohio’s biggest challenger, climbing the penny-pinching ladder with two cities in the top 10: Charlotte and Raleigh.
For the first time it was raining green in the Pacific Northwest as Seattle (#18) joined the list. Seattle is the only city on the West Coast that made the cut.
Nationwide, more than $1.2 billion in savings was printed or saved to loyalty cards from Coupons.com and the Coupons.com network during 2009.
The Top 20 couponing cities are below.
| 2010 Rank |
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Change Since 2009 |
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City |
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State |
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Savings Index |
| 1 |
|
|
— |
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|
Atlanta |
|
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GA |
|
|
997 |
| 2 |
|
|
— |
|
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Tampa |
|
|
FL |
|
|
569 |
| 3 |
|
|
— |
|
|
Cincinnati |
|
|
OH |
|
|
497 |
| 4 |
|
|
— |
|
|
Saint Louis |
|
|
MO |
|
|
420 |
| 5 |
|
|
— |
|
|
Minneapolis |
|
|
MN |
|
|
329 |
| 6 |
|
|
↑ 1 |
|
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Charlotte |
|
|
NC |
|
|
303 |
| 7 |
|
|
↓ 1 |
|
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Nashville |
|
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TN |
|
|
291 |
| 8 |
|
|
— |
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Cleveland |
|
|
OH |
|
|
289 |
| 9 |
|
|
— |
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|
Pittsburgh |
|
|
PA |
|
|
250 |
| 10 |
|
|
↑ 1 |
|
|
Raleigh |
|
|
NC |
|
|
235 |
| 11 |
|
|
↓ 1 |
|
|
Kansas City |
|
|
MO |
|
|
233 |
| 12 |
|
|
↑ 3 |
|
|
Washington |
|
|
DC |
|
|
207 |
| 13 |
|
|
↓ 1 |
|
|
Miami |
|
|
FL |
|
|
202 |
| 14 |
|
|
↑ 4 |
|
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Dallas |
|
|
TX |
|
|
198 |
| 15 |
|
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↓ 2 |
|
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Oklahoma City |
|
|
OK |
|
|
198 |
| 16 |
|
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↓ 4 |
|
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Boston |
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|
MA |
|
|
192 |
| 17 |
|
|
— |
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Denver |
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CO |
|
|
170 |
| 18 |
|
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↑ 5 |
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Seattle |
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WA |
|
|
153 |
| 19 |
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↑ 1 |
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Columbus |
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OH |
|
|
147 |
| 20 |
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↓ 1 |
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Wichita |
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KS |
|
|
146 |
Table 1: Top 20 Frugal U.S. Cities
Most On-the-Go Frugal U.S. Cities
Super-savers are tapping into savings via mobile apps for their cell phones, including Coupons.com’s Grocery iQ and the Coupons.com mobile apps.
When it comes to saving on-the-go, the citizens of Atlanta have the most frugal fingertips, based on use of the Coupons.com apps according to the Index, which is reflected in the city’s top position on the Most On-the-Go Frugal Cities list in Table 2. The rest of the South is also smart when it comes to cellular savings. In fact, the South is home to 10 cities represented on the top 20 cities using mobile apps to access, browse, print and save coupons.
“More and more, people are taking advantage of coupons using mobile devices,” comments Pavini. “People are not just clicking for coupons from their computer, they are accessing them on-the-go and even at the supermarket.”
Some cities have a higher propensity to access coupons via mobile phones. For instance, savers in Oklahoma City, New Orleans, Las Vegas and Philadelphia are quick to look to their mobile device to maximize savings and advance on the On-the-Go list relative to their position on the ‘Most Frugal U.S. Cities’ list.
While they’re on the couponing wagon, Minneapolis, Cleveland and Seattle missed the mobile train: these cities ranked high on ‘Most Frugal U.S. Cities’ list, but each moved down several pegs on the On-the-Go list.
Top 20 Most On-the-Go Frugal Coupon Cities are below.
| 2010 Rank |
|
|
City |
|
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State |
|
|
Savings Index |
| 1 |
|
|
Atlanta |
|
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GA |
|
|
906 |
| 2 |
|
|
Tampa |
|
|
FL |
|
|
531 |
| 3 |
|
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Saint Louis |
|
|
MO |
|
|
490 |
| 4 |
|
|
Cincinnati |
|
|
OH |
|
|
374 |
| 5 |
|
|
Oklahoma City |
|
|
OK |
|
|
363 |
| 6 |
|
|
Dallas |
|
|
TX |
|
|
282 |
| 7 |
|
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Charlotte |
|
|
NC |
|
|
280 |
| 8 |
|
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Pittsburgh |
|
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PA |
|
|
246 |
| 9 |
|
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Tulsa |
|
|
OK |
|
|
241 |
| 10 |
|
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Miami |
|
|
FL |
|
|
238 |
| 11 |
|
|
Minneapolis |
|
|
MN |
|
|
235 |
| 12 |
|
|
Washington |
|
|
DC |
|
|
232 |
| 13 |
|
|
Nashville |
|
|
TN |
|
|
226 |
| 14 |
|
|
Raleigh |
|
|
NC |
|
|
222 |
| 15 |
|
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Wichita |
|
|
KS |
|
|
219 |
| 16 |
|
|
Kansas City |
|
|
MO |
|
|
214 |
| 17 |
|
|
New Orleans |
|
|
LA |
|
|
198 |
| 18 |
|
|
Cleveland |
|
|
OH |
|
|
196 |
| 19 |
|
|
Denver |
|
|
CO |
|
|
177 |
| 20 |
|
|
Memphis |
|
|
TN |
|
|
165 |
Table 2: Top Frugal U.S. Cities – Mobile
Tags: Atlanta, Charlotte, Coupons.com, Dallas, FL, GA, Miami, Most Frugal Cities list, NC, Raleigh, Tampa, TN Posted in Carolinas, Florida, Georgia, Internet/New Media, North Carolina, Other SE, Tennessee | Comments Off
Tuesday, December 14th, 2010
By Allan Maurer
 The InZero security device
RESEARCH TRIANGLE PARK, NC – Cybersecurity still seems to be an afterthought among everyone from McDonald’s to Gawker Media, not to mention the U.S. government and military. Too many entities worry about digital security only when it is breached.
Great business strategy that. Apparently, even giving your email address to a publication such as Gawker or to McDonald’s during one of its promotions, can expose your private data these days. Both admitted to serious security breaches as 2010 ends, while many Twitter accounts – including mine – were hacked by someone selling Acai for weight loss this week. Probably because I used the same password for both sites (see: Spammers Exploit Gawker) on Gawker, where I commented maybe once.
TechJournal South had its own problems with a hacked ad server a few months back and had to shift to another. Two major ad networks were hit with a similar problem this week.
And most of those security breaches were relatively minor in the scheme of things. Many more serious ones have already occurred and we have little doubt are to come.
But coming on the heels of the WikiLeaks fracas, these breaches all show a laxness about cybersecurity that I think is increasingly dangerous on the part of commercial enterprises, government agencies and the military, not to mention to each of us personally.
The problem is partly inherent in the open, accessible nature of the Internet. The very ease with which we swim the Internet’s electron sea makes us vulnerable to sharks. Still,the bad guys, be they foreign hacker crews backed by their own governments, malware creators, spammers, scammers or plain old crooks, actively hack away at us, while credit card companies, government agencies, and businesses remain all too often re-active.
We can’t win the cybersecurity battles that way.
It is absolutely necessary – probably for all of us, but certainly for government and commercial entities – to actively combat this problem. Harden passwords, be careful about what we put on thumb drives or pick up on them, shred documents with sensitive data, and find and use security systems not so easy for cyber criminals to break through.
I’ve noted one approach that seems to be powerful, that of using a security device separate from other equipment that acts as a lockbox preventing suspicious or actual malware and other intrusions from ever reaching operating systems. See: Herndon-based firm grabbing media attention for security device. And: NZero keeps the bad guys out.
Meanwhile, Panda Security of Orlando, which provides antimalware software in the cloud rather than on individual machines, has listed the top ten cyber security threats it sees for 2011.
See also: WikiWars: The Face of future conflicts.
There are contrary views. Over at InformIT, Gary McGraw & Ivan Arce explain how the current climate of exaggeration and FUD surrounding cyber attacks does not ultimately serve the best interests of computer security research in Cyber Warmongering and Influence Peddling.
Email TJS Editor Allan Maurer: Allan at TechJournalSouth dot com.
Tags: Allan Maurer, cyber crime, cyber security, cybersecurity, Gawker, twitter, Wikileaks Posted in Alabama, Arkansas, Carolinas, Columns, Florida, Georgia, Government/Defense, Internet/New Media, IT, Kentucky, Maryland, North Carolina, Other SE, Potomac, Security, South Carolina, Tennessee, Virginia, Washington, DC, West Virginia | 2 Comments »
Tuesday, December 14th, 2010
The office of the future might not be an office at all. As virtual teams become more prevalent, we edge ever closer to a culture where “work” means logging in to your company’s online project management site from your home or collaborating with people who each work for different teams or functions at their local co-working establishment.
“Company headquarters” is becoming more of a concept than an actual building. And as physical location becomes less important, companies can hire the best talent regardless of their location. In addition, companies can enhance their efficiency by handing off work across time zones, enabling them to be productive around the clock.
Especially in the Internet company start-up culture and in early-stage biotechnology companies, virtual teams are increasingly prevalent.
But far too often, say Darleen DeRosa and Rick Lepsinger, this vision of the global economy workplace falls short of today’s reality. In other words, virtual teams may be increasingly popular…but they’re not necessarily successful.
“Today it isn’t uncommon for companies to have as many as 50 percent of their employees working on virtual teams,” says Lepsinger, coauthor along with Darleen DeRosa of Virtual Team Success: A Practical Guide for Working and Leading from a Distance (Jossey-Bass/A Wiley Imprint, 2010, ISBN: 978-0-470-53296-6, $50.00, www.onpointconsultingllc.com).
“Our research finds that many organizations recycle the same guidelines and best practices they use for their co-located teams and hope for the best,” says DeRosa. “Frankly, that just doesn’t work. Virtual teams and face-to-face teams are the proverbial ‘apples and oranges’—and leaders who recognize this fact are the ones whose teams succeed.”
To help organizations maximize their investment in virtual collaboration, OnPoint Consulting conducted a study of forty-eight virtual teams to understand the success factors of top performing virtual teams. Surprisingly, 27 percent of virtual teams in the global study were not fully performing. Given these results, the authors recognized the need for a resource that could help organizations and leaders enhance virtual team performance—and so they wrote Virtual Team Success.
Through the study, the authors recognized that virtual teams regularly fall victim to four pitfalls:
Lack of clear goals, direction, or priorities—Because it is tougher to communicate with and inform team members who are geographically dispersed, it is often difficult to keep all team members focused on the same goals, especially over time.
Lack of clear roles among team members—In virtual teams, it is especially important for team members to clearly understand their individual roles and how their work impacts other team members.
Lack of cooperation and trust—Because there is a lack of face-to-face contact inherent in virtual teamwork, the process of establishing trust and relationships that lead to group cooperation can be very arduous. Over time, this lack of collaboration can lead to a lack of trust amongst team members.
Lack of engagement—With virtual teams, people can easily become bored and “check out” because there is a lack of dynamic face-to-face interaction and because there are more distractions.
Eliminate these pitfalls and a team’s chances for success greatly increase. Below DeRosa and Lepsinger identify six lessons—excerpted from the book—for creating successful virtual teams.
We’ll be presenting the rest of the lessons tomorrow, including a reprise of Lesson 1, below.
Lesson #1: Focus on people issues. Essentially, successful teaming depends largely on the effective interaction of team members. Virtual teams need to compensate for the inherent lack of human contact by supporting team spirit, trust, and productivity. The authors identify warning signs that indicate that a team’s “people issues” need more attention.
“You may notice that team members work independently and do not reach out to other team members to collaborate,” says Lepsinger. “You may also notice that an ‘us versus them’ mentality has developed between locations or sub-groups. The truth is, when everyone is engaged and communicating, it is much easier to succeed as a virtual team. When team members build relationships with one another, it prevents people issues from taking over and impacting team efficiency.
Lesson #1 in Action:
- Develop a team web page where virtual team members can share information and get to know one another.
- Create ways for team members to interact and communicate informally. Use real-time communication tools like Instant Messaging or social media sites such as Facebook or Twitter to create a virtual water cooler of sorts that allows people on virtual teams to communicate more spontaneously.
- Build a collective online “resource bank” to share information and experiences.
- Find ways to “spotlight” team members.
- Send electronic newsletters or updates to the team.
- Create ways to virtually celebrate successes as a team
- Partner team members at different locations on projects and rotate these periodically.
Darleen DeRosa, Ph.D., is a managing partner at OnPoint Consulting. Darleen brings more twelve years of management consulting experience, with deep expertise in the areas of talent/succession management, executive assessment, virtual teams, and organizational assessment. Her client list includes Accenture, Bayer Pharmaceuticals, Daiichi-Sankyo, Gerdau Ameristeel, and Johnson & Johnson.
Richard Lepsinger is president of OnPoint Consulting and has a twenty-five-year track record of success as an organizational consultant and executive. His client list includes Bayer Pharmaceuticals, Citibank, Coca-Cola Company, ConocoPhillips, Goldman Sachs, Johnson & Johnson, NYSE Euronext, PeopleSoft, Prudential, and Subaru of America, among many others
Tomorrow: the other five lesson.
Tags: best practices, Darleen DeRosa, Rick Lepsinger, Viewpoint, virtual teams Posted in Alabama, Arkansas, Carolinas, Florida, Georgia, Internet/New Media, Kentucky, Maryland, North Carolina, Other SE, Potomac, Tennessee, Viewpoint, Virginia, Washington, DC, West Virginia | Comments Off
Thursday, December 2nd, 2010
CHATTANOOGA, TN – Signix Inc., a Chattanooga-based company that provides digital signatures for secure online transactions to financial services, health, government, real estate and education clients, has raised $750,000 of a targeted $2 million equity raise, according to a regulatory filing.
The company says it helps enterprise transform and expedite transactions, scale their business processes and reduce costs with the proper controls required by regulation, legislation and industry best practices. A SIGNiX digital signature produces legally enforceable documents and electronic records while moving to a true paperless environment.
The company disclosed its equity raise in a filing with the US Securities and Exchange Commission, which cites one investor in the round so far. Principals listed, in addition to company executives, include Cameron Newton and Dan Marcum from Nashville’s Marcum Capital and director Tory Johnson from Chattanooga Bakery.
Tags: Chattanooga, digital signatures, financing, Marcum Capital, Nashville, Signix, TN Posted in Internet/New Media, IT, Money, Other SE, Security, Tennessee | Comments Off
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