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The announcement by Science Minister Judith Collins this week that half of New Zealand’s sole fund for fundamental science will now go to research with economic benefits – with social sciences and the humanities no longer supported – came as a shock to many. Perhaps it shouldn’t have. The signs have been there for a while. In August, Collins spoke at the 30th anniversary celebration of the Marsden Fund. Her insistence on economic impact worried many in the room because this fund was meant to support pure – not applied – research. Her statement that “we must endeavour to invest our money in areas that we believe have the best chance of showing a return on investment” may not seem extraordinary. Indeed, for most government research funding – including through the Endeavour Programmes, Smart Ideas funding, the Crown Research Institutes or the Health Research Council – the purpose of research is important. But this is explicitly not what the Marsden Fund was set up to do. Former National Party minister Simon Upton quoted his own words from 30 years ago at the anniversary event:
A bipartisan historyThe Marsden Fund was set up to underpin the generation of knowledge in our university and science systems. In its latest allocation last month, the fund invested NZ$$75.82 million to support 113 projects. But the funded projects represent only 10% of the applications received (12% for the shorter fast-start grants). These low success rates mean many good ideas miss out. The proposed change is massive: the issues with expecting research to deliver predetermined outcomes – referred to in science policy terms as “picking winners” – have been discussed for a long time. If we could know the outcomes of a research project in advance, we could undoubtedly be more efficient in allocating funding. But if we knew the outcomes, it wouldn’t be research, and any knowledge produced would not be new. More targeted research is, of course, useful and is therefore funded by the different mechanisms mentioned above. But the ideas that underpin real value in commercially viable science are often first prompted by discoveries in fundamental science. If it were something everyone already knew, it wouldn’t be intellectual property. Cather Simpson, a physicist at the University of Auckland, founder of three deep-tech start-ups, and a winner of the Kiwinet Commercialisation Icon award puts it this way:
Science minister Judith Collins wants the Marsden Fund to focus on funding research in physics, chemistry, maths, engineering and biomedical sciences. Getty ImagesWhere to from here?In her announcement, Judith Collins said she wants the Marsden Fund to focus on “core science”. In her definition, this means physics, chemistry, maths, engineering and biomedical sciences. Some argue these cost more, because of equipment or laboratory costs, than the humanities and social sciences, which are now excluded from the fund. This is true in part. But New Zealand already has all the other funding mechanisms to support applied research with economic impact. The humanities and social sciences have no other major source of baseline research funding. When the ACT Party shares figures amounting to hundreds of thousands of dollars for research that sometimes looks like it produces no more than reports and books, their concerns about the value of this expenditure may seem valid. But it is important to understand where the money allocated by the Marsden Fund actually goes. New Zealand has had a fully-costed research system for a long time. This means that for every dollar the grant pays for researchers’ salaries, the university (or other employing institution) is paid 115% in addition. The money paid to institutions is called “overheads”. It is essentially direct funding for universities for office space and administrative support and it may pay for student scholarships, software licenses or travel – the basic costs of getting the research done. But it is not a nice-to-have: in many other countries, the proportion of direct funding for universities is higher, because they do not have this fully-costed research funding model. Reducing the overhead rate paid on research grants has been discussed as one way to make research funding go further. But we must be realistic: direct funding for universities would need to increase significantly to make up the difference. This might be one way of enabling institutions to support the humanities and social sciences through internally allocated research funds. Preempting the science sector reviewNew Zealand is currently in the middle of reviews of the university system and the science sector. Advisory groups have reported back to the government with their recommendations, but the government has delayed making these public. The changes to the Marsden Fund have been announced before the overdue science review, preempting whatever recommendations the review will bring. The science system is a complex entity and unilateral changes to any single part of it will have unintended consequences. In the absence of direct research funding for humanities and social sciences, one such consequence is that the existence of many of these areas of scholarship will be even more threatened than we’ve seen already, as many universities have shed staff and cut entire departments. The alternative is that we accept major cuts to our tertiary education system. That would be a loss for everyone. Not only would we lose the return on investment associated with university education, or see a diminished economic impact from science. We would also risk eroding the “critic and conscience” work done by academics in the humanities and social sciences that plays an essential role in a free society. Nicola Gaston, Co-Director of the MacDiarmid Institute for Advanced Materials and Nanotechnology, University of Auckland, Waipapa Taumata Rau This article is republished from The Conversation under a Creative Commons license. Read the original article. |
Funding research for economic return sounds good – but that’s not how science really works (2025-06-14T11:38:00+05:30)
CES 2025: AI-powered tech to dominate world's biggest electronics trade show (2025-06-14T11:38:00+05:30)
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Here’s how to get more women promoted to top jobs in universities (2025-01-13T12:37:00+05:30)
Virginia Kilborn, Swinburne University of Technology; Birgit Loch, Swinburne University of Technology, and Helana Scheepers, Swinburne University of Technology Women may now outnumber men in the ranks of university students but men still outnumber women in leadership roles in nearly all areas of professional workplaces. This is true within the university system itself: only 30% of professors (Level E) and associate professors (Level D) are women. For women in academia, the glass ceiling is real, and years of equal opportunity policies and procedures have failed to break down this barrier. This gender imbalance has been recognised as a national problem with the recent launch of the Science in Australia Gender Equity (SAGE) pilot, based on the principles of the UK’s Athena Swan Charter. SAGE aims to address the situation for the Science, Technology, Engineering, Mathematics and Medicine (STEMM) areas that traditionally have very low participation by women. Make the funding countOnce fully rolled out, universities and research organisations may not be eligible for National Health and Medical Research Council or Australian Research Council funding unless they can show a strong commitment to gender equity at senior levels. Notably, more than half of Australia’s universities and medical institutes signed up for the pilot in September this year. The SAGE pilot promises to provide sufficient incentive for universities to rethink how to support female academics to increase the number of women in senior positions. Apart from appointing new talent, universities will need to look at their current female workforce. They will need to reconsider how to support career development for female academics appointed at lower levels, towards application for promotion. But why are women not transitioning through to higher levels? One reason could be is that female academics may be reticent to push forward as quickly as their male colleagues. This could be due to the low number of female role models or a lack of mentors. Barriers to women’s progression may also include a lack of networks and socialisation. One study found that women start their academic careers at lower levels than men. Close to three quarters of the women surveyed started below the level of lecturer (typically at associate lecturer or research assistant level). The figure was closer to around 50% for men. One good point is that women generally have a higher success rate than men in getting promoted. But the problem is that not enough women are seeking promotion in the first place. That’s not the case for men who are often encouraged to seek promotion. Women encouraging womenAt Swinburne University of Technology, data show the percentage of women applying for promotion out of all female academics is equal to the percentage of men. But again the two groups differ by the lower levels of appointment of female academics when they apply for promotion. This results in more women applying for promotion to lecturer and senior lecturer levels while more men apply for the more senior levels of associate professor and professor. So without intervention, the gender imbalance at senior levels will remain unchanged. To address this, we set up a peer-support promotion program which resulted in a record number of female academics applying for promotion. Driven from within the group of female academics at Swinburne, the program included a number of methods to motivate women to apply for promotion. They included information sessions from university leaders and Human Resources combined with regular peer-group meetings. This helped empower female academics to better understand their own strengths and the promotion process. It also resulted in a support structure for women in the process of applying for promotion. All female academics were invited to participate as mentee, mentor or both early in the year. This resulted in around 80 participants in the six month program and included a number of full professors. Emphasis in this program was to create an environment of trust and mutual support. The aim was to build confidence in the mentees’ abilities, and to guide their understanding of their level of readiness for promotion. This was achieved by showing examples, sharing ideas, practice and advice, and by providing mentorship from more senior women. It worked!As a result of this peer-support program, the number of promotion applications from women doubled this year, nearly reaching parity with applications from men for the first time. The promotion process is still ongoing but assuming similar success rates to the past, this will increase the pool of women available for promotion into senior academic positions. Our program shows that when women take their careers into their own hands and support each other, they can build confidence and are empowered to take the leap and apply for promotion. The next step is to establish a more comprehensive career development program for female academics to embed the peer-support structure within the university. If we can improve the promotion prospects for female academics to more senior positions then others can do it too. Given the direction that has been initiated by SAGE which is set to have implications for external funding schemes, we encourage other universities to consider similar internal peer-support programs. Virginia Kilborn, Associate Professor of Astrophysics, Swinburne University of Technology; Birgit Loch, Associate Professor in Mathematics Education, Swinburne University of Technology, and Helana Scheepers, Associate Professor, Information Systems, Swinburne University of Technology This article is republished from The Conversation under a Creative Commons license. Read the original article. |
I have no idea why I can’t be in Star Wars: Jolie (2020-08-12T12:26:00+05:30)
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Angelina Jolie, the most popular Holywood actress, has expressed her interest in joining the ‘Star Wars’ franchise.
“I have no idea why I can’t be in Star Wars,” she said in an interview with MTV News.
She was even going so far as to tell the ‘Rise of Skywalker’ director J.J. Abrams of her interest working in the film, MTV News reported.
“I cornered J.J. in the hallway,” she said about her encounter with Abrams. When asked how the chat went, Jolie could only smile and say, “Pretty good. He’s so nice.”
When asked who she would like to play, she said she is not sure about that, noting, “I haven’t gotten that far.”
Jolie has been quite busy with Disney over the last few years. Her 2014 film ‘Maleficent’ took in $758 million, and its sequel ‘Maleficent: Mistress of Evil’ is coming to theaters in October.
Meanwhile, on the Marvel side, Jolie is set to appear in ‘Eternals’ as Thena.
‘Maleficent: Mistress of Evil’ is directed by Joachim Rønning and stars Angelina Jolie, Elle Fanning, Michelle Pfeiffer, Ed Skrein, Jenn Murray, Chiwetel Ejiofor, Juno Temple, and Brenton Thwaites. The film will be released in theaters on October 18. Source: https://www.daily-bangladesh.com/
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6 innovative technologies saving restaurants money and changing the industry (2016-09-22T21:42:00+05:30)
By Nicole Troxell: Have you ever wondered if life would ever be like the 1960s cartoon "The Jetsons," or the fictional future in "Back to the Future II"? With the acceleration of restaurant technology, we may not be far off from floating pizzas and whole meals dispensed at the touch of a button. And in many ways, we're far ahead of these imagined futures. The restaurant of the future is here, with technological innovations that enable faster, more efficient and more profitable operations than ever. Digital advances are offering owners a chance to improve outdated paper-based operations and get further in touch with what customers really want. Here's a list of innovative technologies that allow restaurants to digitally manage tables, seating, payroll, hiring, customer feedback and more: 1. Table tracking with RFID: from plastic table cards to sleek digital apps: Pizza Ranch, a pizza, fried chicken and salad buffet bar in the Midwest, can seat 220-250 guests in a central dining room and several community rooms at most locations. The company’s Buffet Your Way and custom-ordered pizza and non-buffet menu items allow customers to order in a variety of ways, but the company had problems keeping track of it all. To better organize how customers received their food, Pizza Ranch deployed Table Tracker, a passive RFID technology enabling staff to find the precise location of a guest's table without tracking interference or overlap with neighboring tables. The device is from Long Range Systems, a supplier of technology designed to improve and enhance the guest experience. Here's how it works: At the cashier location, staff take an order and hand the table-tracking device to the customer. Staff inputs the tracker number into the POS system, and the system references that number. They then start the tracker on the starter unit. The timer displays the time in the system so that the kitchen, management and dining room staff can monitor prep/delivery time against benchmarks and prioritize and expedite orders as needed. Once the food is ready, a food expediter can see in the system where the customers are located and immediately find the table matching the order number. If the tracker is not on the table for any reason, such as the guest has taken it with them to a restroom or drink station, the tracker also can be used as a pager to notify the guest that their order is ready. This also means trackers can be used as pagers for to-go orders to alert guests that are waiting. Table Tracker’s ability to be used independently on up to five iPads means that staff can track and interact with just the information that they need to see (e.g., the expediter can filter the view to look at just dine-in orders; the to-go stand can look at just to-go orders; the kitchen and management can keep an eye on all orders, etc.). The system can manage and page up to 125 active orders at one time. Pizza Ranch Vice President of Marketing Cody Pierce said that the company saw an immediate increase in guest satisfaction with the Buffet Your Way program, "After installing Table Tracker, we were able to consistently meet delivery time goals for custom pizzas." Table Tracking can improve the efficiency of staff tasks as well. No longer does staff have to walk around searching for numbers on tables. 2. Digital place-based networks: a multipurpose marketing system: Restaurant owners have what many consider a powerful new marketing currency in their establishments and some don’t even know it, according to a report from ScreenMedia Daily. Using digital place-based networks, owners can reach consumers through strategically placed, networked digital signage displays that transmit highly targeted messages in venues like restaurants. Rich Ventura, vice president of business development and solutions at NEC Display Solutions, said the restaurant industry is already utilizing digital screens to communicate with patrons and favorably position their brands, products and services. "Results from the Digital Place-based Advertising Association’s survey of strategic media planners show that 64 percent of planners have advised their clients to shift funding away from traditional out-of-home to digital place-based media. The same survey also found planners recommend shifting dollars away from traditional television (41 percent) and online media (40 percent) in order to fund digital place-based marketing channels. "Benefits of this distinctly modern marketing approach include a highly targeted reach with demographics based on time and location, as well as immediate and lasting access to a constantly replenished audience in high-traffic, brand-safe environments," Ventura said. Digital menu boards, point-of-sale systems and order-confirmation platforms, all interconnected, can aggregate data, which managers can analyze to drive decisions toward meaningful business impact. Systems can enable targeted messaging, which can influence purchasing decisions, according to Ventura. 3. Text analytics: zeroing in on customer feedback: How you listen to your customers makes a difference — both in the quality of the information they provide, and your relationship with them, according to InMoment, a cloud-based customer experience optimization company. Using text analytics, restaurateurs can obtain specific insights on what to improve and how, from staffing levels and training, to new items and menu selection, to the effectiveness of marketing campaigns, the company said. Active Listening, InMoment's set of integrated Voice of Customer listening technology, has three features that can encourage customers to share more details about their experiences: First, its Strength Meter encourages customers to keep telling their stories by detecting meaningful words in their feedback. "I won’t come back" doesn’t provide enough information to guide action. The Follow Up feature identifies comments low on insight, and triggers additional, relevant questions that ask customers to provide more detailed information. Drill Down identifies specific words or topics, and presents targeted questions for deeper inquiry. Drill Down can trigger from both structured data (scores) as well as the unstructured text found in comment boxes. Drill Down can also apply to voice comments in real-time. For example, a customer might say: "You were out of the burger I wanted to order." Drill Down might respond with a question like, "Can you tell us which burger you ordered?" Once the customer provides that information, Active Listening can then ask if they would like a follow up call from the manager. 4. Digital workforce management and energy analytics: saving time and money with POS-integrated apps: Digital workforce management is accelerating as restaurateurs see the time- and money-saving advantages these cloud-based systems can provide for scheduling, payroll, HR paperwork and more. "Some examples include tracking food costs, accessing schedules and scheduling labor and using barcode scanners to check inventory. Access to food prep instructions, food safety, ordering and inventory have all taken the digital mobile turn," Jeff Pinc, director of food services, Panasonic System Communications Co. of North America, told PizzaMarketplace.com in an article. HotSchedules, a suite of cloud-based, POS-integrated applications that provide workforce management and back-office, cloud platform solutions, can create schedules and push them out to employees, allowing staff to swap shifts via online and mobile. Research from Workforce Insight found that QSRs save four to six hours a week using digital-based scheduling. These systems allow businesses to hire and train new employees and replace inefficient paper-based systems. "Going digital allows QSR managers to come out of the back office and onto the restaurant floor, increasing productivity not only by removing paper schedules altogether, but allowing them to oversee all aspects of their restaurant with the tap of a screen. This would bring hiring, training, scheduling, task and communications all into the digital space for the fast-paced QSR or fast casual environments," Pinc said. Great Eastern Energy, an alternative energy supplier of natural gas, electricity and energy solutions, has teamed up with UM Technologies, a business technology company, to construct a customer dashboard and analytical portal for energy management. Great Eastern Energy’s restaurant customers are testing the beta version of the new Web-based application to gain additional insights before going public to GEE customers later this year. The GEE Energy Management Web-based application is designed to offer restaurant owners insight and information on ways to reduce their overall energy consumption by measuring, tracking and comparing their energy performance in real time. The application offers savings analysis, data management, budgeting, document management, community-based benchmarking, custom reports and variance and purchasing alarms. 5. Waitlisting: from paper-based to analytics-based seating apps: Paper-based wait management systems are becoming a thing of the past as demand is being met with simpler digital methods. One of those systems, developed by Long Range Systems, called On Cue for Restaurants, is a waitlist app that integrates with multiple hardware tools to form a complete table management solution, according to LRS. OCR can notify guests when their table is ready by either text message or by an LRS integrated guest pager. Version 2.0 is integrated with Table Updater, a handheld device enabling staff to update a table status from across the restaurant and sync the app on up to three iPads in a single location. Users can view actions taken by other staff interfacing with the app via an activity log that provides a running status. The latest version of OCR also offers multiple language options. Waitlist Me by NoshList is a cross-platform waitlist app that can recognize regular customers via a history that shows what they like to order or have had in the past and either offer that again or add something special to the order. The app can test different specials, and allow users to view demographics and analytics. Waitlist Me can add the name, phone number and status of customers to indicate with different colors whether the guests are with groups or VIP, ready to be seated or called in. It contains options for those needing a high chair or those celebrating birthdays or anniversaries. When adding customer information, Waitlist Me allows users the option to quote a time or ETA and add future reservations that show up automatically in the system on the selected day. Push notification buttons on the app indicate a table is ready, and send either a text or call with an automated message. If a customer calls back, the app will route it to the restaurant number. 6. Vehicle traffic: knowing the real value of location: Using a complex algorithm that scans video feeds of vehicle traffic, restaurant owners can now detect the value of real estate. SmartLanes Technologies' vehicle tracker system Lanescan uses computer vision technology to provide the make, model, year, color, state, county and license plate number to assess a profile of vehicle traffic over time such as typical commuting routes, preferred restaurants, etc. It can also read bumper stickers and determine the number of occupants per vehicle. The system is primarily used for site location. It can provide hard data on the number of regular commuters along a route and their typical dining behavior such as frequency and types of meals purchased.The app can offer operational metrics for an existing restaurant location, like the number of new customers, regular customer retention rates, how long customers stay, and a profile of what their preferences are based on their bumper stickers. Current data sets in the marketplace typically only show where potential customers live, according to Stephen Haden, CEO of SmartLanes Technologies. "How long a customer stays provides information on how fast the restaurant is turning tables and also how much business they are losing because people choose to leave when the wait is too long. Knowing how often a car visits an existing restaurant shows you how many regular customers you have and if your actions are causing them to visit more or less often. It also shows if your promotions are bringing in new customers and converting them to regulars versus just attracting bargain hunters," Hayden said. A SmartLanes case study of how a Starbucks was beating a McDonald's in the same shopping center in a working class neighborhood in South Louisville, Kentucky, last summer indicated that most of the customers patronizing the site lived more than 10 miles away and that their demographics were much different than that of the people who lived nearby. "Starbucks was a better fit for the location because it appealed to the commuters through the area rather than the residents who lived nearby," Haden said. Source: QSRWeb
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Six steps to keep a check on your financial health (2016-01-18T13:33:00+05:30)
Asian-Age, Adhil Shetty: Just as having an annual checkup of your personal health is highly recommended for every adult, it is also prudent to have an annual checkup done for your financial health. Just as you undergo various pathological reports to ascertain your bodily health, you must keep a check on your credit score numbers for your financial health as well. The most popular credit score reporting agency in India is the Credit Information Bureau of India Limited (Cibil). All banks, NBFC or any financial institution will check your Cibil score before offering you any loan. A Cibil score is essentially a barometer to check your creditworthiness, therefore it is imperative to keep yourself updated about your Cibil score. 1) Fill up the online CIBIL score request form: To get your CIBIL score, the first step involves logging on to the official website of Credit Information Bureau of India Limited. Go to the section where you can apply for your credit score. Alternatively, you can directly go to this link: https://www.cibil.com/online/credit-score-check.do to access the Cibil score request form. 2) Fill in the details: Fill in the request form after checking the terms and conditions at the bottom. Include as many details as possible. You will need to give details of any identity proof-PAN card, passport, Voter Id or driving license. Enter ID details in the provided field. 3) Submission and Payment: After you fill in the form, enter the anti-spam code and click on ‘Proceed to payment’. You will be directed to the next page where you will be required to authenticate a payment of `500 towards charges to ascertain your CIBIL score. You can make the payments from your debit card, credit card or net banking facility as convenient. 4) Authentication: After successful payment, you will be taken to an authentication page. Here the system generates five questions based on your submitted details and credit history. The questions may range from your curr-ent loans to your bank accounts and other details as per the Cibil database. You will need to answer a minimum of three out of the five questions successfully to get your application authenticated. 5) Confirmation: After successful authentication, you will receive a confirmation message from the system. Once confirmed you will receive the Cibil Trans Union Score including CIR within four business days. You will also get a receipt for the payment made towards Cibil score charges which you can print for your record. 6) This step is only applicable if your authentication in step 4 fails due to any reason. If your authentication fails, all you need to do is take a print of your payment receipt and mail it along with the self-attested documents to Cibil’s registered corporate office in Mumbai. You can contact the helpline number as well, for any guidance: +91-22-61404300. Getting your Cibil score is fast, easy and transparent involving a small payment of `500, whereby you will get your score mailed in three or four business days. Importance of checking your CIBIL score: Whenever you apply for a loan, the lender will check your Cibil score. If your score is considered too low, your loan request will be rejected. Every such rejection further dents your Cibil score. If you know your Cibil score before hand, before applying for a loan, you can make efforts to improve it, if it is too low. Also, an annual check-up will help you to keep track of how various financial transactions impact your score. Checking your Cibil score is easy and you can get access to your Cibil score by applying online after payment of the requisite fee to the Credit Information Bur-eau of India Limited and answering some questions to verify your identity. The charges to request for your CIBIL TransUnion Score (including CIR) are fixed at `500. You will need to pay the fee at the time of online application of your Cibil score. The writer is the CEO of BankBazaar.com. Source: http://www.asianage.com/
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Data to the rescue (2015-12-16T10:38:00+05:30)
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Big data has become the talk of town, for it not only saves costs and improves business agility, it also gives the power to foresee threats:
By Prabhu Ramachandran: Internet of things (IoT) or machine-to-machine communications has revealed whole new universe of information/data for both enterprises and consumers. Through big data, both business entities and consumers can become more cognizant. Through the collection and analysis of data, trends and configurations surface, IoT provides a host of relevant information. Everybody in the industry is talking about how big data can streamline businesses, make it more effective and agile and improve decision making. Big data is not just about the amount of information that needs to be managed. The difference between big data and traditional business intelligence (BI) is the utter scale and complexity of the data as well as the speed of using the data for making key decisions. Simply put, it is a collection of data so huge that traditional data processing applications or on-hand management tools cannot decipher or manage. The data is just too fast or too big to gain any valuable information from. Examples of such unstructured data range from social media posts, twitter feeds, and metadata to web server logs, satellite imagery, traffic flow sensors, and telemetry from automobiles, GPS trails... the list goes on. The key to liberation of valuable assets from this huge gamut of data lies in connecting these data sets, understanding and analysing them to provide meaningful results. Big data analytics and connected enterprise will be the two most important M2M trends in the years to come. A recent study by Berg Insights says the number of wireless connections will reach 489.2 million in 2018, fuelled by developments in the areas of big data analytics and connected enterprises. M2M and data analytics are attempting to shift from descriptive and diagnostic analytics to predictive analytics. This is a paradigm shift that can bring in an evolutionary change in data interpretation. How can enterprises benefit? Big data and M2M will play an integral part of enterprises. The ability to transform raw data from devices and machines to decision-making processes allow operational and financial trends to be pinpointed more easily in real time. M2M with its proven ability to save time, cut costs, enhance customer service and improve operational efficiency will play a crucial role in big data analytics of enterprises. This makes sense for enterprises to derive additional value by transferring data sets into mainstream business applications and enterprise services. Why will it be a disruptive trend? Processing entire data sets in high-speed memory opens the way for more predictive analysis, data mining, what-if analysis and results to be visualised, which is the easiest way to remember information. Fast easy-to-run analytics enables users to pose questions they wouldn’t have even thought of asking before. How can it optimise businesses? l M2M data in manufacturing: Let’s take the example of the manufacturing industry. What traditionally happens when a machine or system breaks down is that an alarm is raised and the issue is looked into by engineers. What M2M enabled with big data can do is intimate us of this impending breakdown even before the incident occurs. Sensors can be placed on the manufacturing floor and these sensors can transmit data to a central unit that can constantly monitor, analyse and raise alarm in the event of a pending breakdown. This is a much more cost-effective approach than incurring a breakdown and having to halt production until a replacement part can be ordered and installed. l M2M data in healthcare: The potential of big data analytics and M2M has not ceased to attract the healthcare sector either. An increasing number of healthcare practitioners and hospitals have started using M2M data and analytics to predict patients’ reactions to various drugs and its dosages. According to IDC, following are the capabilities for which healthcare organisations intend to use analytics:
In conclusion, without data management there is no value in M2M applications. Big data proves the perception that information is power. By using the nadirs of knowledge assimilated through big data analytics, businesses can power themselves with an improved understanding of its resources. The significance of M2M lies primarily in the analysis of data and companies with an aim to generate serious revenue from M2M will unquestionably need a big data strategy. zz. (The writer is director of WebNMS). Source: mydigitalfc.com, Image: flickr.com
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With low-cost Androids like Moto E, limited memory means limited use (2015-08-09T01:05:00+05:30)
3D Google smartphones to help NASA robots navigate in space (2015-06-10T01:38:00+05:30)
Though 3-D printing may lead in new manufacturing processes, it lags in sustainability (2014-12-29T21:19:00+05:30)
New app: your luggage calling (2014-12-29T19:55:00+05:30)
Artmoney: a movement making art a currency (2014-10-14T14:29:00+05:30)
By Vasili Sushko: NEW YORK (VOR)— When it comes to art, some pieces are worth much more than others. Some works are worth millions, others just a few bucks. But imagine using art not as décor on your wall, but as cash you can spend in restaurants, hotels, even at your dentist’s office. This is the idea behind an alternative currency called Artmoney, which is growing in popularity around the world. Our New York correspondent Vasili Sushko had a chance to speak with the founder of Artmoney earlier this week, to find out what this alternative currency is all about. Imagine traveling across the United States without a single U.S. Dollar in your pocket, but instead, pieces of art. Imagine renting a bicycle, paying for your meals, paying for a hotel, not with cash but with… yes… art! This is the idea behind an up-and-coming alternative currency called Artmoney, which was first created over a decade ago, but is growing more popular today than ever before. “This is a currency this is actual money. That means you can spend it in a regular shop as full or partial payment for goods and services.” – Lars Kraemmer, Founder of Artmoney. Artmoney is the brainchild of Lars Kraemmer, a native of Canada but now a resident of Denmark. Kraemmer created his first Art Money in 1997, and said the idea caught on rather quickly. “I thought I could make a currency that would liberate me from financial binds more or less. The next year another artist joined the concept and from there it expanded and became more like a collective currency among artists around the world.” – Lars Kraemmer, founder of Artmoney So what exactly is Artmoney? A ‘van Gogh’ hanging in a museum may certainly be worth a lot in cash, but it isn’t Artmoney. Your child’s pre-school finger-painting isn’t Artmoney either. According to Kraemmer, anyone can make Artmoney, but it needs to fit a certain criteria.“Anyone in the world can make Artmoney but you have to agree on the common things. There is a fixed size and there’s fixed information on each Artmoney. There has to be a serial number, a website address, and then the Artmoney artist is registered on our website.” – Lars Kraemmer, founder of Artmoney. So how much is Artmoney worth? Well in fact, each piece of Artmoney holds an identical value of 200 Danish Kroner, which is about 34 US Dollars. You can purchase Artmoney from a number of registered vendors or you can simply create it yourself. Where and how you spend it, is up to you. “If I go traveling I would make Artmoney along my way, on the beach, or in the forest, or in the city. And I would approach the town and make a deal with the local hotel and buy one night for four or five Artmoney, that is how it operates.” – Lars Kraemmer, Founder of Artmoney. Today, Kraemmer’s Artmoney is purchased, sold and spent all across the world. Artmoney isn’t an official Bank or a financial institution, but rather the opposite: a sort of alternative to the dollar, which according to Kraemmer can be considered as a worthless piece of paper. While in this day and age it doesn't seem that Art Money will replace the dollar, the Euro or the Danish Krone anytime soon, Kraemmer said his idea is growing more popular than ever. “It seems to expand rapidly right now. It was a slow birth, it grew very slowly so I think it's an exponential growth that we are watching and now there are more than 1,200 artists involved, and it seems with the number of artists coming in now that we might double in one year. So that would make the project double in size, and that is very fast. It could explode if everything goes well." – Lars Kraemmer, founder of Artmoney" Kraemmer’s vision is that one day his Artmoney will serve as a functional trade system to help those who are poor, or people in areas of war or natural disaster. He also hopes that more people who can’t afford to become art collectors can do so. Source: Article
Knowledge and innovation underpinning of progress and prosperity: President (2014-09-18T16:47:00+05:30)
The President of India, Shri Pranab Mukherjee inaugurated the Golden Jubilee Celebrations of National Institute of Technology Tiruchirappalli. Speaking on the occasion, the President said knowledge and innovation are the underpinning of progress and prosperity in the twenty-first century. In this age of globalization, we can derive competitive advantage only from an eco-system that is conducive to new learning, research and innovation. NITs must work towards promoting scientific temper in their students. Yet, given the present socio-economic condition of our country, the thrust of research must be to erase backwardness and wipe out deprivation. Innovations must improve the state of the underserved, who want a positive difference in their lives. Institutions like NIT Trichy must support ingenuous ideas that promise betterment for those aspiring to rise up the socio-economic ladder ? help a farmer till the soil better, an artisan perfect his craft or a small entrepreneur improve the productivity of his venture. The President said some of our IITs are in the top 50 in civil and electrical engineering. Five institutions are amongst the top 20 universities amongst BRICS nations. The number of Indian institutions in the top 100 in Asia has increased to 10 this year from 3 in 2013. The NITs, in particular NIT Trichy, should take a cue from successful Indian institutions on how to approach the rating system. Featuring in international rankings has several positive spin-offs, in terms of intangibles like boosting the spirits of students and faculty, to more tangible benefits like better placement for students. More importantly, active participation in rankings will propel the development of institutions in the right direction. The President said India has recently become a permanent member of the Washington Accord, which is an international accreditation agreement amongst 17 countries for professional engineering degrees. India?s entry will enable global recognition of our degrees and increase the mobility of our engineers. It will enjoin our technical schools to adhere to global benchmarks in quality. (PIB), Source: Article, Image: flickr.com
Science minister Judith Collins wants the Marsden Fund to focus on funding research in physics, chemistry, maths, engineering and biomedical sciences. 

