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Daily Archives: August 6, 2021
AI, quantum computing and other technologies poised to transform healthcare – Healthcare Finance News
Posted: August 6, 2021 at 10:34 pm
Photo: Al David Sacks/Getty Images
The COVID-19 pandemic has created numerous challenges in healthcare, but challenges can sometimes breed innovation. Technological innovation in particular is poised to change the way care is delivered, driving efficiency in the process. Efficiency will be key as hospitals and health systems look to recover from the initial, devastating wave of the pandemic.
Ryan Hodgin, chief technology officer for IBM Global Healthcare, and Kate Huey, partner at IBM Healthcare, will speak about some of these technological innovations in their digital HIMSS21 session, "Innovation Driven Resiliency: Redefining What's Possible."
The technology in question can encompass telehealth, artificial intelligence, automation, blockchain, chatbots, apps and other elements that have become mainstays of healthcare during the course of the pandemic.
In a way, science fiction is becoming science fact: Technologies that were once in the experimental phase are now coming to life and driving innovation, particularly quantum computing. The power of quantum computing has the potential to transform healthcare just by sheer force of its impressive computational power.
One of the big factors accelerating technological innovation is the healthcare workforce, which has been placed under enormous stress over the past 18 months, with many doctors and clinicians reporting burnout or feelings of being overwhelmed. These technologies promise to reduce the burden being felt by providers.
Importantly, they also promise to more actively engage healthcare consumers, who increasingly expect healthcare to be as user friendly and experience driven as their favorite apps or online shopping portals.
Hodgin and Huey will speak more on the topic when their digital session debuts on Tuesday, August 10, from 11:45 a.m. to12:15 p.m.
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T-Hub, HCL to collaborate on Quantum Computing and Deep Tech. – The Hindu
Posted: at 10:34 pm
Startup ecosystem enabler T-Hub and HCL Technologies have announced a collaboration to explore emerging technologies like Quantum Computing and DeepTech.
As part of the collaboration, T-Hub will connect HCLs Open Innovation Program eSTiP with select startups. This partnership will enable HCL to leverage T-Hubs innovation expertise and ecosystem of start-ups, corporates and investors to accelerate its open innovation initiatives, T-Hub said in a release.
Additionally, HCL will look to curate solutions of the startups for its clients and for focused programme statements, while gaining access to T-Hubs events and demo days.
T-Hub CEO Ravi Narayan said, with this partnership, we are focusing on aiding HCL in its vision of strengthening the approach of creating value for its customers and partners through some disruptive startups, whereas also providing our startups with growth opportunities.
Our partnership with T-Hub cements our ecosystem innovation journey with additional investments in Quantum Computing experiments as the technology continues to evolve", said Kalyan Kumar, Chief Technology Officer and Head-Ecosystems of HCL Technologies.
As Quantum Computing continue to mature and become commercially viable, we hope our continued engagement will bring insights into relevant startups, academia, business collaborators and other innovation ecosystem players, he added.
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Why it’s time to wake up to the quantum threat – Finextra – Finextra – Finextra
Posted: at 10:33 pm
Quantum computing is proving to be enormously exciting for financial institutions. Already,Goldman Sachs and Deutsche Brse are exploring quantum algorithms to calculate risk model simulations 1,000 times faster than currently possible, whileBBVA is looking to quantum to optimise investment portfolio management.
But a more sinister aspect to the technology also lurks just around the corner. Because of their computing power, quantum machines will be able to smash through the mathematical algorithms underpinning all modern encryption - posing an unparalleled cybersecurity risk.
It would take a traditional computer years to break the public-key encryption relied on today by just about every financial services company, but a fully-scalable quantum computer could achieve the same in a matter of hours.
According to roadmaps laid out by major players in the field, we will have a quantum computer capable of doing this within the next decade.
Mapping the vulnerabilities
Banks and financial institutions use a range of cryptographic algorithms to ensure the security of transactions, including symmetric key cryptography (e.g. 3DES) and public key cryptography. Although public key cryptography is most exposed to the quantum threat, some types of symmetric key cryptography are also vulnerable to attack.
Core to these operations are hardware security modules (HSMs). These form a key part of the physical infrastructure that stores and generates secure keys using cryptographic asymmetric algorithms to authenticate and validate transaction information.
A chain is only as strong as its weakest link, so unless up-to-date, quantum-secure HSMs are in place, theres a risk of quantum attackers exploiting a single vulnerability to expose all data within the payments ecosystem.
What complicates the issue is that quantum decryption can be applied retrospectively.
Bad actors could begin collecting encrypted data from institutions today, with the intent to harvest now, decrypt later. Financial services companies could unknowingly be victim to an attack today, and only suffer the consequences in the future when quantum computers become available.
Thankfully, some institutions are already paying attention, with early movers likeScotiabank,JP Morgan and Visaall taking the threat seriously.
Beginning the fight back
The world began to take note of the quantum threat when, in 2016, the US National Security Agency issued an officialwarning to industry. Shortly thereafter, the US National Institute of Standards and Technology (NIST) launched a post-quantum cryptography standardisation project to lay out the path to a quantum-secure future.
NIST is running the process as a competition. The project is now in its final stages, with seven finalist algorithms left after 80 submissions from six continents. The final algorithms will be chosen in 2021, with draft standards to be published thereafter.
Its anticipated that the US government will require contractors to incorporate the new NIST standards in order to conduct business with its agencies. As critical infrastructure, financial institutions are also likely to find that quantum-secure cryptography soon becomes a technical necessity.
The path to quantum security
The migration to new cryptography standards will be a massive undertaking - one of the biggest cybersecurity shifts in decades.
The transition will be complicated for banks, too. Each institution will be starting from its own unique position, with its own legacy systems and infrastructure, and each will be vulnerable to the quantum threat in a different way.
Financial institutions can save time in the long-run by taking steps to plan their own transition before NISTs new standards are even announced.
The first step is to conduct an audit, pinpointing each and every place where encryption is being used within the organisation. This will help to identify weak spots, find areas in need of rationalisation, and so on.
NISTagrees that companies should start preparing for the transition today: 'Itis critical to begin planning for the replacement of hardware, software, and services that use public-key algorithmsnow, so the information is protected from future attacks'.
Looking ahead
Institutions have invested huge amounts of time and effort building customer trust in digital banking, and cryptography was the main mathematical tool that allowed this to happen.
Now that quantum computers threaten to break it, its time for the sector to fight back.
The security of all sensitive data, past and present, relies on it.
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Google announces that it may have created a "time crystal" that breaks physics – Texasnewstoday.com
Posted: at 10:33 pm
Researchers in Googles quantum computing division have just published a study on the preprint server ArXiv that claims to have used the companys Sycamore quantum computer to create a time crystal that goes against physics, and how big this is. It is impossible to be honest about whether it will be a deal. To do.
As Quanta Magazine explains, time crystals are stable, always fluid, and definable states repeat at predictable intervals without melting into completely random states.
Without getting stuck in the upspins and downspins of qubits (subatomic particles that can represent both 1s and 0s and are the basis of quantum computing), claiming that Google did is essentially a checker. A board with all the red parts on one side and all the black parts on the other side figuratively hit the table in such a way that it completely switched between the two sides without consuming energy.
The second law of thermodynamics says this simply cant happen, but the time crystal doesnt seem to give a bite about entropy, and now Google has seen it actually move. Not only does it say that the process that created it is scalable and its impact can be enormous.
Its hard to say that what Google researchers have done will continue to be scrutinized, as Googles results need to be repeated unpeer-reviewed.
That said, if you can recreate what Googles quantum computer has done, time crystals arent just real, they could actually be used. The impact of such technologies on computer memory alone is difficult to understand, especially for computer processing itself.
After all, its very difficult to say what The nature we know does not work that way, so it will come from a system that opposes entropy-and the entropy assumptions are built into every system we have created or observed so far. Assuming these results are maintained, its really hard to predict what you can do with it, as youve never seen anything like this, but its incredibly exciting. Mystery is.
Google announces that it may have created a time crystal that breaks physics
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U.S. DoE sends another $ 73 million into the future of Quantum – Illinoisnewstoday.com
Posted: at 10:33 pm
The US Department of Energy (DoE), the most influential body in the way the largest supercomputers are designed and built, has been looking beyond CMOS long before the introduction of exascale systems.
Agencies have made multiple bets that quantum computing will play an important role in the future of large-scale scientific computing, whether as an accelerator of some sort or as a more general-purpose system of the future. There is. With so many projects scattered around, its difficult to maintain current totals, but at current rates, DoE will invest well over $ 1 billion in future quantum technology by the end of 2022. Its possible, and its not unreasonable to think that this doesnt include millions of dollars. Reserved to build the quantum internet.
That gambling dollar figure continues to grow with an additional $ 73 million added today.
DoE has been strong in funding quantum computing for the past few years. Over the course of five years, it has pushed $ 115 million into this area from comprehensive programs like Q-Next, splitting its funding into the quantum application and domain areas (widely referred to by DoE as Quantum Information Science or QIS). increase). The system, even if the realization of that funding could be 10 years (or more) ahead and still might not replace traditional supercomputers.
In 2019, DoE awarded more than $ 60 million for quantum computing in communications, and in January 2020 announced $ 625 million for the new quantum computing center. $ 30 million for QIS in key application areas in March of this year. It will be added to the $ 115 million Q-Next program at Argonne National Laboratory. All of this does not include DoE funding that works with NSF and other institutions and programs, in addition to the $ 73 million announced today. So perhaps its already over a billion.
This week, DoE funds new thinking and experimental and theoretical efforts to promote understanding of the quantum phenomena of systems that can be used in Quantum Information Science (QIS) and the use of quantum computing in chemistry and materials science research. Announced $ 73 million to offer .. This influx of investment 29 projects Above all, more than 3 years to new materials, cryogenic systems and algorithms.
Very few winners have focused on the application, and the majority of the funding seems to support the quantum hardware effort. This includes projects focused on creating qubits (materials, enhanced stability, all-new qubit types), fault tolerance, and error correction. Some efforts focus on quantum simulation in traditional systems.
The award spans various universities and national laboratories. The Berkeley National Lab has two awards, one group focusing on the superconducting structure of scalable quantum systems, and the other team developing f-element qubits with controllable coherence and entanglement. I am. Argonne National Laboratory also has two groups, one focusing on entanglement issues and the other focusing on quantum spin coherence of photosynthetic proteins.
Other notable programs funded include work on applications such as quantum chemistry (Emory University) and molecular dynamics / materials science (University of Southern California). There are also some award-winning teams that focus on specific programming-related challenges.
The project was selected based on a peer review under the DOE Funding Opportunity Announcement Materials and Chemical Science Research for Quantum Information Science by the Department of Basic Energy Sciences (BES) of DOE. NS DOE Science Bureaus efforts in QIS It is notified by community input and applications focused on target missions such as quantum computing, quantum simulation, quantum communication, and quantum sensing. DOEs Science Department supports 5 National QIS Research Center A diverse portfolio of research projects, including recent awards for promoting QIS in areas related to nuclear physics and fusion energy science.
Quantum science represents the next technological revolution and frontier in the information age, and the United States is at the forefront, said Energy Secretary Jennifer M. Granholm. National Labs will strengthen resilience in the face of increasing cyber threats and climate disasters, paving the way for a cleaner and safer future.
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U.S. DoE sends another $ 73 million into the future of Quantum
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Quantum Computing Market 2021-2025Top Trends, Business Opportunity, and Growth Strategy The Manomet Current – The Manomet Current
Posted: at 10:33 pm
Quantum Computing Market by Component, Application, Services, and Region- Forecast to 2025
The Global Quantum Computing Market Research Report 2021-2025 is a significant source of keen information for business specialists. A report published by Market Insights Reports is an overall investigation and thorough information in regards to the market size and market elements of the Quantum Computing. It furnishes the business outline with development, historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the worth chain and its wholesaler examination. The Quantum Computing market study gives extensive information which upgrades the agreement, degree, and use of this report. This is a latest report, covering the COVID-19impact on the market.
The Quantum Computing market is expected to grow from USD 472 million in 2021 to USD 1,765 million by 2025, at a CAGR of 30.2%.
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Top Companies in the Global Quantum Computing Market are Sterimar, LABORATOIRE DE LA MER, Gerolymatos InternationaL, Humer (Laboratoire URGO), Gifrer, GSK, Nacur Healthcare
Quantum computing is gaining traction in the banking and finance services industry, which is focusing on increasing the speed of trade activities, transactions, and data processing manifolds. One of the significant potential applications of quantum computing is the simulation. Quantum computing helps in the identification of an improved and efficient way to manage financial risks. The processing time and the costs of high-quality solutions can increase exponentially if classical computers are used in financial institutions, while quantum computers can carry out speedy operations at optimized costs, resulting in cost savings and new opportunities for revenue generation
Rise in investments in quantum computing technology-
Various government agencies related to the global space and defense sector are investing increasingly in the development of quantum computing technology so that different optimization and simulation strategies can be implemented with quantum computers. Governments of various countries across the world are making significant investments to support their research institutes for the development of quantum computing technology. China is investing significantly in research and development activities related to quantum computing technology. Governments of the US and Australia, as well as of the countries of the European Union, are forging ahead with quantum computing initiatives. For instance, in August 2017, the Commonwealth Bank (CBA) joined telco firm Telstra, the Federal Government, the New South Wales Government, and the University of New South Wales (UNSW) in a USD 83 million venture to establish the first quantum computing company of Australia.
Quantum Computing Market Segmentation:
This report fragments the Global Quantum Computing Market based on Types are-
Simulation
Optimization
Sampling
Based on Application, the Global Quantum Computing Market are divided into-
Defense
Banking & Finance
Energy & Power
Chemicals
Healthcare & Pharmaceuticals
Prime Takeaways on Quantum Computing Market Report:
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Geographic Coverage of Quantum Computing Market Report-
The Quantum Computing report contains detailed country-level analysis, market revenue, market value and forecast analysis of Quantum Computing Market (2016-2027) of these regions are covered:
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As the Quantum Computing industry enters a new and different chapter in its history after the second wave of the pandemic, a subscription to the Worlds leading B2B Quantum Computing market report will make sure that you are subscribed to the latest Quantum Computing industry trends and have access to the latest market data covering both the qualitative and quantitative aspects along with the key company information.
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Superconductivity Research: Researchers Develop New Material that Enables Quantum Information-Based Technology – Science Times
Posted: at 10:33 pm
After receiving a cash grant of $25 million back in 2019 to establish the first-ever National Science Foundation, Quantum Foundry, UC Santa Barbara researchers have begun developing a new material that would enable quantum information-based technologies like quantum computing, sensing, communications, and simulations.
Today, researchers have succeeded in designing a new superconductive material, a breakthrough in materials science.
(Photo: iStock by Pexel)
In a study published in the journal Nature Materialstitled "Unconventional Chiral Charge Order in Kagome Superconductor KV3Sb5" Stephen Wilson, Foundry co-director and UCSB materials professor, highlights how the new material was developed into a prime candidate as a superconductor. A superconductor is a material in which electrical resistant fades and magnetic fields are expelled. It can also be indispensable in future quantum physics applications.
Previously, a study described a new material known as cesium vanadium antimonide (CsVSb) that was observed to exhibit a mixture of characteristics involving a patterning of self-organized charges intertwined with superconducting state. As it turns out, the unique characteristics discovered in the study were exhibited by similar materials, including KVSb and RbVSb, being the subject of the recent paper, as reported by the Current.
ALSO READ: Quantum Tech One Step Closer With New Single-Photon Switch
Wilson noted that the materials from the group of compounds are expected to host a wide variety of charge densities and wave physics since its peculiar nature is self-organized patterning of electrons and is the focus of their recent work.
The predicted charge density wave state discussed along with other exotic physics are due to the network of vanadium ions in the new material, as reported by Phys.Org. Theyform a corner-sharing network of triangles that are known as kagome lattices. KG SB was discovered as a rare metal built from these kagome lattice planes, and surprisingly, also superconducts. Some of the material's other properties have led the researchers to speculate that the charges may form small loops of currents, creating a localized magnetic field.
For years, materials scientists and physicists have predicted that a material would one day be made to exhibit the form of charge density wave that breaks the time-reversal symmetry.
Wison explains that this means that the magnetic moment is broken by certain patterns on the kagome lattice, where the charge moves around a tiny loop. The loop is similar to a current loop, which will render a magnetic field. This state would be a new electronic state of matter that would have significant consequences on underlying unconventional superconductivity.
This is the kind of scientific work for which the Quantum Foundry was established for. It plays a lead role in developing new materials, with its researchers discovering new superconductivity and finding signatures that indicate the repossession of charge density waves in newly developed materials. Now, the materials are studied worldwide due to the numerous aspects of interests of various communities.
If KVSb becomes what is suspected of being, it could be utilized to create a topological qubit that is useful and necessary in quantum information applications, such as quantum computing and sensing.
RELATED ARTICLE: Quantum Error Computing Source Identified Thanks to Sydney University Machine Learning
Check out more news and information on Quantum Physicsin Science Times.
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Whats up with… TIM & Sparkle, Vodafone Idea, Huawei – TelecomTV
Posted: at 10:33 pm
A tale of next-gen innovation in the Adriatic region and a tale of woe in India top todays pile of news.
TIM and its international unit Sparkle have participated in what the Italian operator says is the first public demonstration of an international quantum connection on optical fibre between three countries: The secure connections were set up between Trieste in Italy, Ljubljana in Slovenia and Rijeka in Croatia. Attendees at the G20 meeting currently ongoing in Trieste were able to watch a video stream of a live concert performed by three quartets (one of which is pictured above) that was secured using quantum cryptography. The connections were set up and managed by TIM and Sparkle in collaboration with the University of Trieste and the National Institute of Optics of the National Research Council (CNR). A connection was established for the quantum distribution of cryptographic keys through trusted nodes, a fundamental element to ensure the extension of quantum networks over large distances, noted TIM. The technological solution adopted, with nodes at linear distances ranging from 80 to 100 kilometres between the three countries, used highly innovative quantum communication architectures with high security levels, it added. The demonstration was set up as part of the European CommissionsEuroQCI (European Quantum Communication Infrastructure) project. For further details, seethis press release.
In India, it has hardly come as a surprise that Gopal Vittal, the CEO of Bharti Airtel, has announced that the country needs three private mobile operators for competition to thrive in the sub-continent. He added that he would like the national government to provide some sort of help to what he describes as a financially-stressed industry. His intervention came as the long-advertised imminent collapse of Vodafone Idea became even more imminent. In essence, Vodafone Idea is broke and saddled with unmanageable debts. Despite commanding a market share of more than 20% in one of the worlds largest mobile markets of almost 1 billion active mobile connections, Vodafone Idea has neither a plan nor the money to pay down those debts. Yesterday its already depleted share price fell by a further 17 per cent as the company went cap-in-hand to the government begging for cash. Lending institutions exposed to Vodafone Idea are holding urgent talks to decide what to do. The choices are stark: throw in the towel and take the loss or continue to throw good money after bad. Yesterday, billionaire businessman K M Birla offered to donate his 17 per cent stake in the tattered telco to the government, or any other entity, in an effort to stave off what many analysts now see as the inevitable bankruptcy of Vodafone Idea. Birla also stepped down as non-executive director and non-executive chairman of the telco. If Vodafone Idea collapses, India, which not so many years ago had more than 10 mobile operators, will be left essentially with two major privately-owned operators Reliance Jio (about 36% share) and Bharti Airtel (about 30% share) and state-owned BSNL, which is hardly in great shape with a market share of about 10%.
After two years under house arrest in Canada, Huawei CFOMeng Wanzhous extradition hearing is nearing its conclusion, with her lawyers, in what seems like a last-ditch attempt to prevent her being handed over the US authorities, questioning the reliability of information presented to the proceedings by the US legal team,reports Reuters.
Amazon Web Services (AWS) is working with researchers at the National University of Singapore on both the development of new algorithms for quantum computing and on simulation techniques that, later, will have commercial application with real data in a quantum environment. According to an MOU signed on Monday this week, AWS will gain access to National Universitys Quantum-Safe Network and, via that, will conduct experiments and integrate them into Singapores fibre networks to observe quantum technology in non-laboratory application. The initial intent is to provide solutions to support Singapores Smart Nation Plan in areas including traffic optimisation and shipping and port operations. The university will train staff in commercial business in Singapore to become experts in quantum computing. Central to the agreement is the Quantum Engineering Program (QEP), which is a five-year-long initiative managed and hosted by the National University. The QEP began in 2018 with the remit to take abstract quantum physics theory and turn them into commercial technologies. It is halfway through that plan.
With every technological advance theres a criminal as well as beneficial advantage. In the UK, one of the very latest manifestations is roaming gangs of thieves on e-scooters invading farmland to steal GPS technology. E-scooters, which currently are not regulated or required to be licensed are becoming the bane of urban living. Ridden on roads, pavements, grass, up alleys, down tracks and round the mulberry bush they they are cheap(ish) (or easy to steal), quick, silent and increasingly deadly. Pedestrians have been killed in hit and run incidents and serious accidents are commonplace. Now the scourge has spead to the countryside. GPS is a vital and expensive component of modern farming providing highly accurate mapping, optimum planting and harvesting routes and permitting farmers to maximise productive land use. Global equipment on tractors etc., can cost many thousands of pounds per vehicle and per fixed installation and there is a growing, thriving and lucrative international black market in hot GPS equipment. The new Annual Rural Crime Report from the insurance company, NFU Mutual, which specialises in providing coverage for farmers and the agricultural sector (NFU stands for National Farmers Union), shows that while thefts from farms fell by 20 per cent in 2020 during the pandemic lockdowns, when even thieves skulked at home, the company nonetheless paid farmers 2.9 million in compensation for the theft of farm vehicles and associated technology. Farmers are also increasingly being targeted by cyber-criminals with phishing emails about post-Brexit agricultural payments while scams for machinery and technology become more and more commonplace.
- The staff, TelecomTV
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People more likely to be victim of fraud than any other crime, says Her Majesty’s Inspectorate of Constabulary and Fire & Rescue Services – Sky…
Posted: at 10:33 pm
People are more likely to become victims of fraud than any other crime and too many receive "poor service" from police, a watchdog has said.
The review by Her Majesty's Inspectorate of Constabulary and Fire & Rescue Services (HMICFRS) also found the problem has become worse during the coronavirus pandemic.
It found the "detrimental effect of fraud is as great today as it has ever been" but it is still treated as a "low-priority or victimless crime", leaving many victims denied justice.
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Data for the year to March from the national fraud and cybercrime reporting centre, Action Fraud, show it reported a 28% rise in offences from 312,035 in 2019 to 2020 to 398,022.
The official figures also showed 97,927 "online shopping and auction" fraud offences were reported in the latest year - a 57% increase.
"Financial investment fraud" increased by 44% from 14,024 to 20,260 offences.
The Office for National Statistics said fraud and hacking soared during the pandemic as criminals "took advantage of behavioural changes" amid lockdown and restrictions in England and Wales.
There were also "substantial increases" in computer crimes as restrictions led to a surge in online shopping.
Inspector of constabulary at HMICFRS, Matt Parr, said: "You are still more likely to be a victim of fraud than any other crime, but too few fraudsters are held to account.
"The scale of fraud has not diminished - in fact, it has increased during the pandemic - and it needs to become more of a priority for police forces.
"Overall, too many victims of fraud still receive a poor service from police."
Inspectors reviewed the progress made by officers in tackling the crime since 2019, when it last looked at the issue.
It found "not enough has changed" and the "fundamental problem is a disparity between the amount of work fraud creates for the police and the resources allocated to it".
It also found that 10 of 16 recommendations from the 2019 review have been implemented, with progress made on a further two and three still outstanding.
The inspectorate said one of the recommendations was no longer relevant.
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Mr Parr said more officers should be working on fraud cases and there should be more investigations so victims get the "justice they are entitled to".
However, the inspectorate did note that due to funding being confirmed to police a year at a time, and with relatively short notice, planning and investing for the long term is difficult.
Meanwhile, the number of alleged fraud cases being heard in UK courts in the first half of this year almost doubled compared to the same time in 2020, according to a Fraud Barometer conducted by audit, tax and advisory company KPMG.
The inspectorate report recommended that the National Police Chiefs' Council, National Crime Agency, National Economic Crime Centre and City of London Police work together to establish better processes to tackle fraud.
It also urged forces to adopt guidance for cases and improve the information given to victims.
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Head of Illinois Film Office and 29 Flicks Are Coming Attractions at Alternating Currents Fest – Quad Cities
Posted: at 10:33 pm
Despite the brutal Covid pandemic, film and TV production in Illinois last year spent nearly $362 million, down 35% from about $560 millionspent in 2019. Doug Miller of Davenport who heads the Quad Cities Production Coalition wants to see some of that money come to the Illinois Q-C area.
He is working with state and local officials on establishing a regional film office in Rock Island, and is bringing Illinois Film Office director Peter Hawley to the Rock Island Holiday Inn on Thursday, Aug. 19, to talk about state filming incentives and financing. Its among first events in the Quad-Cities Alternating Currents festival.
If youre interested in movies, we want to pack the place with people, Miller, a longtime film and media consultant, said recently. We have to start getting our act together.
At 5 p.m. to 7 p.m., in a first-floor conference room at Holiday Inn (226 17th St., Rock Island), Hawley (state film office head since May 2019) will speak and answer questions with Ted Reilly, an entrepreneur, film financier, and producer. As executive director ofChicago Media Angels,hes focused on organizing, educating, and accelerating savvy media investors in the
Alternating Currents feature more than 100 free events at 20-plus downtown Davenport venues. Learn more at alternatingcurrentsqc.com.
Midwest.
Reilly serves on the board ofStage18 Chicago, a non-profit organization dedicated to providing education, community, office space, resources, and employment opportunities to independent filmmakers, visual artists, andentrepreneurs.He has produced dozens of independent feature films, television pilots and new media titles includingCome as You Are, Public Housing Unit, andThe Porch.
I like Western Illinois and I like the Quad-Cities, Hawley said in a recent interview. And I have been a big advocate for creating more film production in Western Illinois and around the state. And so, Ive gone out there several times since Ive been on the job for the last two years, and met with union officials and Doug, and other people in in the film industry, and he put together this panel discussion during Alternating Currents.
Hawley has a personal connection to the Q-C, since his parents live in Bettendorf (they moved there after his dad got a job in the early 80s), and Peter worked during summers after his first two years in college at what is now KWQC-TV. He said its been hard to attract film and TV
Peter Hawley, a filmmaker himself, has been director of the Illinois Film Office since May 2019.
production to Illinois outside the booming Chicago area.
Its challenging because so many places around the state outside of Chicago, do not have the infrastructure and by infrastructure I mean the studio facilities and the crew base, Hawley said. But that said, because were doing more and more production and overall in the state theres more production and theres more infrastructure. Its getting easier and easier, and Hollywood is ultimately going to chase the dollar and they like it here and youre having a really gangbuster year and theyre going to want to come to Illinois.I think the Illinois Quad-Cities has a lot to offer for film production, he said of potential locations and workforce.
Statewide, there were 7,780 production hires in 2020, not including extras, compared to 15,168 hires in 2019, according to film office data. Film officials said more than 1,775 local jobs were
Ted Reilly is an entrepreneur, film financier, producer, and executive director of Chicago Media Angels.
added in the first few months of 2021.
Data for TV, film and media production in 2020 reveals the expected decline in expenditures by the film industry. However, even accounting for the 6 months when production was paused due to Covid, Illinois maintained over 200 film projects, yielding over $360 million in estimated expenditures and 7,780 non-extra jobs hires generated by the film industry. By the end of 2020, film production had resumed for many shows including the return of award-winning FX series, Fargo; NBCs multiple Chicago series; and major studio feature The Batman.
The bounce back of filming in Illinois is a testament to effective health guidelines, the expansion of and availability of testing and vaccines, and local leadership committed to addressing the needs of the film industry, which is important to the local economy, according to the state Department of Commerce and Economic Opportunity. In the film industry, Illinois was a local adopter of public health guidelines allowing industries to return after necessary public health closures. Filming returned last year with guidelines provided through the State of Illinois Restore Illinois framework which allowed permitting and many preproduction operations to resume.
The Illinois Film Office awards a 30-percent tax credit for qualified production spending and labor expenditures, up to $100,000 per worker, within the state of Illinois. Gov. Pritzker extended the credit in 2019 to Dec. 31, 2026. Applicants can receive an additional 15% tax credit on salaries paid to individuals (earning at least $1,000 in total wages) who live in economically disadvantaged areas, whose unemployment rate
A short film, Enounement, by Detroit-based 2021 college grad Chloe Heikkinen, is part of the 29-film lineup for Alternating Currents.
is at least 150% of the states annual average.
Last winter, productions in the state were doing over 5,000 Covid tests a week, and had fewer than 10 positive cases each week, Hawley said recently.
This is in the middle of it all. So they did a great job of tracking it and then as soon as they got a positive test, they would remove people for two weeks and continue on, he said. It was a coordinated effort between the state, the city, and the unions and Hollywood and it really worked out. And again I really, I have always said we owe a big thanks to Fargo because they came back and did it first and showed everyone that it was possible to do a large production safely and after they came and finished up, the floodgates opened.
The film and television industry in Illinois is very, very safe and I think we as a state can compare their safety record over with almost any other industry because of the rigor, they go through things, Hawley said of testing and safety protocols. I cant say that they are mandating vaccinations; that may come down the road, but I dont have any say in that.
At the Aug. 19 event, he will discuss the Illinois tax credits and how filmmakers and companies can take advantage of it, and Reilly as an investor, will discuss how to use the tax incentives and film financing.
Hawleyis an award-winning writer and director of feature films, TV commercials and documentaries. As an undergraduate at Northwestern University, he won a national student Emmy Award for his music videoNext to You,and several awards and festival appearances for his short filmThe Law of Inertia. The success of these projects gave him the opportunity to write and direct the feature film,Victimless Crimes.
In 1996,Hawleyjoined the faculty of Columbia College in Chicago, teaching across the entire film curriculum. In 2007 he became one of the Original Seven hires at Tribeca Flashpoint College in Chicago. He was named Academic Dean in 2014, and became Dean of Columbia College Hollywood in 2016. In 2017, he successfully merged the two schools to create one college with two campuses.
Peter Hawley of the Illinois Film Office and Chicago-based film financier Ted Reilly will speak to people interested in the film industry Thursday, Aug. 19 at the Rock Island Holiday Inn.
In his role as director of the Illinois Film Office, Peter and his team strive to make Illinois the best state in the country for film and television production. In addition, the IFO is actively trying to build the infrastructure needed, film studios and production crews, to attract projects to Illinois from around the country and around the world.
In the 2021 Illinois legislative session, state Rep. Mike Halpin (D-Rock Island) helped secure $100,000 for northwest Illinois film production, including $65,000 specifically for the Q-C, which will mainly be used for marketing, Miller said.
Dylan Parker was first elected to the Rock Island City Council in 2017, representing the Fifth Ward.
We need to tell the world where were at, he said. We know weve got the people. We need to quantify who we have, and jump-start or help people in film world.
Rock Island Ald. Dylan Parker has been working with Miller since late 2019 on ways the film office could be set up in downtown Rock Island,
My role as a city council member is to identify strategic ways the city can expand its local economy. The state of Illinois obviously targets this industry with tax incentives, he said Thursday. If the state is incentivizing this, we at the local level should piggy-back on that, secure the economic activity in Rock Island.
Parker anticipates working with the Quad Cities Chamber, Visit Quad Cities, and the city to coordinate efforts, and figure out how a Q-C Film Office would be structured and governed.
We have some funding from the state, so what do we do with that money? We need to come up with a plan, sort of who does what and when, he said, noting a Q-C film website should be a priority. They need to partner with people already working in film and media production in the area, to get their feedback and support, Parker said.
I am really looking forward to seeing everyone from Quad-Cities interested in the film industry and production world, he said of the Aug. 19 event. I see my job on city council as being a conduit, making the connections, to connect local people who are interested in the economy, with the director of the Illinois Film Office. Im looking forward to seeing where this goes. If we could get a portion of the growth of that economy, that would be fabulous for our local economy.
Michael Mehuys, Alternating Currents Film Festival programming director, is happy to hear of progress on the Q-C film front.
Hearing that theres interest in forming a QC film office is great news additional footholds for local filmmakers to get assistance and
The first Alternating Currents Film Festival in 2018 was capped off by Bettendorf natives Scott Beck, left, and Bryan Woods, showing their hit thriller A Quiet Place and doing a Q & A.
encouragement are some things that Alternating Currents Film Festival and Cinema at the Figge has hoped to enable, he said this week.
The AC film selection (the 2018 fest hosted A Quiet Place filmmakers Scott Beck and Bryan Woods) started with film submissions, and they used FilmFreeway, with 75 shorts and features sent in from around the world, Mehuys said. Twenty-nine films were selected, in the following categories Short Narrative and Student Films, and Experimental Films.
While it would be great to include all submissions each year, this year I chose roughly 1/3 of our total submissions, based on what merits I felt the films had regarding unique voices/perspectives, interesting filmmaking techniques being highlighted, and with some focus on regionally produced films, Mehuys said. All Alternating Currents activities are free, and festgoers can look forward to seeing films Friday, Aug. 20, and Saturday, Aug. 21 at the Figge Art Museums John Deere Auditorium on the 2nd floor, as well as the new venue, Mockingbird on Main, 320 Main St., Davenport.
The Figge (225 W. 2nd St., Davenport) will feature the Narrative/Documentary Shorts on Friday evening, as well as Saturdayand Sunday morning. The experimental films will screen outdoors
Moline-based Fourth Wall Films documentary, A Bridge Too Far From Hero Street, is part of the new Alternating Currents Film Festival in Davenport.
(as in 2019) at the EICC Urban Campus (on 3rd Street) on Friday and Saturday nights; stop by once the sun goes down. Mockingbird on Main will be hosting the Experimental program Friday and Saturday nights indoors.
Among films and filmmakers from the Midwest region, Mehuys said, are: 10/31/2020 by Jason Christ, Sticks and Stones by Chris Hutton, Creep by Hannah Rosalie Wright, A Bridge Too Far From Hero Street by Kelly and Tammy Rundle, Over Under by Luke and Kurt Oberhaus, and Enounement by 2021 college grad Chloe Heikkinen.
We hope to see as many of the filmmakers come by to see their films screen as are comfortable in doing so, he said. Davenport composer Bill Campbell will present the Oscar-nominated Hunger Ward at 4 p.m. Saturday at the Figge. This is after the festival shorts run from 11 a.m.-3 p.m., and after he plays in the lobby at the Figge, at 1:30 p.m.
The 2020 documentary for which he wrote music,Hunger Ward,was among five93rd-annual Academy Award nomineesfor Best Documentary, Short Subject. Campbell (a music professor at St. Ambrose University) was among the film crew thatattended the 91st-annual Oscars ceremony in Los Angeles, in February 2019, when the second film in the refugee trilogy, Lifeboat (2018), was nominated in the same category.
For a complete listing of musical artists, films and other activities scheduled for Alternating Currents (Aug. 19 to 22), visit http://www.alternatingcurrentsqc.com.
Jonathan Turner has been covering the Quad-Cities arts scene for 25 years, first as a reporter with the Dispatch and Rock Island Argus, and then as a reporter with the Quad City Times. Jonathan is also an accomplished actor and musician who has been seen frequently on local theater stages, including the Bucktown Revue and Black Box Theatre.
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