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Daily Archives: May 21, 2022
We need to spend billions replacing old hospitals – so who should pay? – Stuff
Posted: May 21, 2022 at 7:06 pm
Aaron Hockly is Fund Manager of NZX-listed Vital Healthcare Property Trust
OPINION: On July 1, the new body replacing the District Health Boards (DHBs), Health New Zealand, will become one of the countrys largest property managers.
New Zealand has 83 public hospitals; a 2020 Ministry of Health report put the replacement value of the assets managed by the 20 DHBs at $24 billion.
The same report noted many main hospital campus buildings, some of which date back to World War II and even earlier, were at the end of their useful life.
READ MORE:* Health centres providing new investment opportunities * Maze-like, outdated IT systems at DHBs flagged in national reviews* Litany of flaws found in Christchurch hospital buildings
Also in 2020, the Heather Simpson-led report into the health and disability sector estimated that $14 billion would need to be spent on health infrastructure investment over the following decade. This figure did not include repairs, maintenance, and ICT (another area where outdated and inadequate systems are commonplace, as demonstrated by the 2021 ransomware attack on the Waikato District Health Board).
Two months ago, a report from the New Zealand Infrastructure Commission, Te Waihanga concluded the Simpson reports estimate, which was based on 2018 figures, was out of date. The review suggests the Crown will need to stump up some $20 billion over the next 10 years in order to address the current infrastructure deficit.
Years of under-investment in hospitals and other public health facilities across New Zealand mean that many are no longer fit for purpose, making it difficult to introduce the new models of care that Government intends, said Blake Lepper, GM Infrastructure Delivery at Te Waihanga.
Stuff
Vital Healthcare fund manager Aaron Hockly
This weeks Budget set aside $1.3 billion to fund priority health infrastructure projects over the next five years. That is on top of the $586 million allocated in last years Budget to just two projects: the redevelopment of Whangrei hospital and the construction of a new mental health unit at Canterburys Hillmorton.
Given the many calls on the health vote, from medicines to mental health, it is surely worth questioning whether large capital projects are best funded by the government, or whether there is a better way.
The government and its agencies have been bold in outlining the challenges faced by the healthcare sector, including the need to improve the quality of capital funding decisions, asset management and long-term investment outcomes.
Agree or disagree with it, the decision to replace 20 DHBs with two national agencies is a bold move. However, when it comes to managing healthcare infrastructure, governments approach has been to modify the status quo.
The Capital Investment Committee will continue to advise the Ministers of Health and Finance on the prioritisation and allocation of funding for capital investment and health infrastructure. Current committee members are extremely able and well-qualified for their role; however, the committee is established by the Minister of Health, can be terminated by the Minister of Health, and consists of such members as the Minister determines.
The Cabinet Paper setting out the proposed reforms asserted, somewhat optimistically, that the integration of hospitals into Health NZ will enable improved planning, supply chain, procurement and asset management and that a national service planning view should drive capital savings and a more robust consideration of the trade-offs between operational and capital investment.
That more robust consideration will not be brought about simply by structural change. It requires specialist expertise something the Simpson report recommended should be developed by the Health Investment Unit, which will become part of Health NZ.
That specialist expertise already exists in the New Zealand private sector.
The dual public-private system is well entrenched in New Zealand healthcare, but greater use could be made of private sector expertise to procuring, developing, owning and managing healthcare infrastructure.
A lack of access to staff and capital means DHBs have long relied heavily on the private sector to provide services such as diagnostic imaging and surgical procedures. That is widely accepted as a fact of life and as an economically effective way to provide better services to more patients and to meet urgent needs.
Surely it makes even more sense to involve specialists in non-core business activities like property ownership and management. Involving partners from the private sector in developing and maintaining property infrastructure would ensure a clear separation between capital management and operational management and improve the outcomes in both areas, benefiting healthcare professionals, patients and taxpayers.
Aaron Hockly is Fund Manager of NZX-listed Vital Healthcare Property Trust, a specialist landlord of healthcare real estate in New Zealand and Australia.
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We need to spend billions replacing old hospitals - so who should pay? - Stuff
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Massive 6.7 magnitude earthquake hits near New Zealand and Australia prompting Tsunami fears… – The US Sun
Posted: at 7:06 pm
A MASSIVE 6.7 magnitude earthquake has struck near New Zealand and Australia sparking fears of a tsunami.
The terrifying shake happened in the Macquarie Island region in the southern Pacific Ocean.
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According to the United States Geological Survey the quake, which was revised from an initial magnitude of 7.3, had a depth of 6.21 miles.
The quake initially sparked tsunami fears but the U.S. Tsunami Warning System said there was no tsunami warning.
It comes as Wellington was also shaken over the weekend after a 4.7 earthquake hit.
The location of the quake was recorded as 15 miles west of Paraparaumu on the Kpiti Coast.
A tweet read: "A morning shake for some today with a M4.7 earthquake offshore of Paraparaumu. It was felt in the lower North Island and northern South Island".
An initial recording by Geonet put the quake at 4.2 and a depth of 17m.
Geonet has received more than 12,000 "felt" reports about the quake, NZ Herald reported.
Cops said there were no reports of any damage relating to the quake.
The two quakes follow another disaster in New Zeland that left only a few survivors.
Back in 2019, a catastrophic volcanic eruption left six people dead, including British tourists.
The hugeblast on White Island sent 12,000ft plume of smoke and rock into the air and left survivors with serious burns.
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Easy ride to mental health – New Zealand News – New Zealand Herald
Posted: at 7:06 pm
Al Best will ride the "Zombie Tracker" for the first time in the Distinguished Gentleman's Ride. Photo / Michael Craig
When Al Best heads out on the Distinguished Gentleman's Ride (DGR) tomorrow he'll be alongside more than 900 bikers across Aotearoa New Zealand who have raised over $80,000 towards men's health this year. And he'll be riding a new motorbike built just for the occasion.
"The design concept is for a 'Zombie Apocalypse' vehicle," Best says.
"It's a metaphor to get people off the couch and put down their phones and enjoy life through motorcycling."
Dubbed the "Zombie Tracker", Best's motorbike is a custom build based on a Street Scrambler 900 donated by Triumph NZ for the DGR.
Best approached Triumph through his magazine Submachine with the concept to design and build the Zombie Tracker in time for tomorrow's ride.
"They loved the idea, supplied me with the Street Scrambler and left me to it."
The process has been a collaboration of ideas and skills, bringing people together to make it happen, Best says.
"A small community has formed around this motorcycle and my hope is that it draws attention to the DGR, which raises millions of dollars each year for men's health through the Movember Foundation."
A graphic and fine artist, Best is passionate about "art, cars, motorcycles and optimism", things that he describes as "The Community of the Cool". His passion turned into daily reality when he launched Submachine in the middle of the Covid-19 pandemic last year.
"I was advised against it but the response has been humbling. I have met so many talented people and their stories and feedback from readers have been amazing."
The Distinguished Gentleman's Ride was inspired by a photograph of uber-cool fictional character Don Draper from the TV series Mad Men. Sydneysider Mark Hawwa saw Draper sitting on a 1957 Matchless bike, "wearing his finest suit", and the themed rally connecting motorcycle enthusiasts around the world while raising money "to support the men in our lives" was born.
A decade later, the DGR boasts it has raised more than $50 million with 340,000 riders taking part in 115 countries around the world.
Covid has, of course, marred the picture after the peak of 116,000 riders from 678 cities raised $9.5m in 2019. The 2020 ride was a solo and virtual affair, but last year 65,000 riders took part in limited number events and nearly $6.5m was raised for men's health charities.
For Best, taking part in and supporting events like the DGR is a metaphysical experience.
"Submachine relates to humans being part of the machine. We're all machines, if you like, but without us, the machines don't do anything. They're just inanimate objects.
"Events like the DGR have been good for men of a certain age to reconnect after dedicating their lives to work and raising families. It's good for their mental health.
"The positive mental health benefits seen in the motorcycle community are well documented but I hope to inspire people to seek out creativity where they can. It could be life drawing, basket weaving or a welding course.
"These things are good for the soul."
Check out more on the Distinguished Gentleman's Ride https://www.gentlemansride.com/ and see how Al Best put the Zombie Tracker together at https://www.facebook.com/submachinemagazine
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Easy ride to mental health - New Zealand News - New Zealand Herald
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Snowfall warnings as severe ‘winter blast’ bears down on New Zealand – Stuff
Posted: at 7:06 pm
The country has begun to feel the early impacts of MetServices predicted winter blast, expected to hit west of the South Island, Northland and eastern Bay of Plenty.
MetService meteorologist Ashlee Parkes said the west coast and South Island were expected to be hit hardest, heavy rainfall had already been felt in Fiordland as one station measured 146.5mm in the last 24 hours.
Milford Sound airport has seen 93mm of rainfall in the same timespan.
GEORGE EMPSON/Supplied
George Empson took this shot early Thursday in the Mackenzie Country.
There was also a high risk of thunderstorms in Westland and Fiordland on Thursday, with 912 lightning strikes being recorded in concentrated areas of both regions in two hours alone.
READ MORE:* Weather watches for Canterbury High Country* Weather warnings in place for Southland * Winter blast: MetService forecasts 'dangerous' waves, severe gales, rain and snow
Ricky Wilson/Stuff
MetService meteorologist Ashlee Parkes said the west coast and South Island were expected to be hit hardest.
Other South Island regions were also feeling the rainfall on Thursday morning, with Haast Pass having 47.2mm of rain and Franz Joseph seeing 35.4mm.
Parkes said the numbers were likely to increase as the day continues.
Heavy rain warnings were issued by MetService on Wednesday for the eastern Bay of Plenty, Northland and the western South Island.
The eastern Bay of Plenty past ptiki was expected to accumulate between 70 and 100mm of rainfall until 8pm on Thursday.
Canterbury high country was on strong wind watch, as were regions surrounding Otago, Wellington, Marlborough Sounds and Wairarapa.
Meanwhile, the Crown Range Road and State Highway 94, Milford Road had been issued road snowfall warnings.
NZTA/SUPPLIED
Crown Range Rd and State Highway 94, Milford Rd have been issued road snowfall warnings. Photo shows when heavy snowfall hit Milford Rd in May last year.
A warning was also in place for the Desert Rd, with showers expected to turn to snow from 7pm Friday until 1am Saturday.
The strongest winds at the moment are through central Otago. It will be a busy week of weather, as well as the weekend, said Parkes.
After a rough night of wind and heavy rain at Lake Takap/Tekapo, photographer George Empson was out early on Thursday taking shots of the sky as the weather and clouds whirled around the area.
GEORGE EMPSON/Supplied
The strong westerly blows snow off the ridges in the South Island.
Empson, a long-time Mackenzie resident, said there were westerly fronts running across the sky.
For a short time the sky is angry then clears, Empson said.
I could see to the deep south of the basin, and it looks clear. Snow showers are also running across the ranges, but normally they do not come too much from the west.
GEORGE EMPSON/Supplied
The storm rolls over photographer George Empson.
If it changes to the south we might get some decent snow out of that, maybe.
There was some fresh snow on the ranges, but the westerly was blowing it off the ridges, he said.
Another MetService meteorologist, Angus Hines said people would have to be very careful if they were near the coast in the next few days.
It is not unprecedented wave heights, there is nothing coming that we haven't seen before, but it is right at the upper end of what size waves have hit these western coastlines, he said.
The largest waves will be out over slightly deeper water, just a little bit away from the country, but the waves that do reach the coast will be around 5m or 6m, something of that kind of scale, and potentially very damaging.
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Darwin, Galton, and Replacement Theory – Discovery Institute
Posted: at 7:05 pm
Image: Francis Galton, National Portrait Gallery, Public domain, via Wikimedia Commons.
After the horrific Buffalo, NY, shooting of last weekend, replacement theory is suddenly on everyones lips. Unlike agitators in the media and politics,John West actually took the time to read the shooters manifestoto see what drove him. West found that the latters racism derived from online study of mainstream evolutionary theory. What the cynical manipulators dont tell you is that the Buffalo shooters evolutionary racism is not an outlier among recent mass killers. Arguments drawn from evolution have been prominent in the ideologies of many mass shooters in recent years. But recognizing this reality would do nothing to advance political agendas, so the partisans ignore it.
Now a new podcast by Hank Hanegraaff with historian Richard Weikart provides some very relevant historical background, drawing on Weikarts recent bookDarwinian Racism: How Darwinism Influenced Hitler, Nazism, and White Nationalism. The interview was conducted before the event in Buffalo unfolded, though Weikart and Hanegraaff discuss a similar crime, a 2019 shooting at theGilroy Garlic Festival, also fueled by the killers reading about evolution.
What I found particularly interesting is that Darwinism and eugenics, going back to the 19th century, were haunted by ideas of replacement. Darwin inThe Descent of Manpredicted, At some future period, not very distant as measured by centuries, the civilised races of man will almost certainlyexterminate and replace throughout the world the savage races (emphasis added). But replacement could work in the reverse direction: Francis Galton, Darwins cousin who first advanced the idea of eugenic theory, worried that people of what he regarded as inferior stock would swamp (Weikarts word) their betters by out-reproducing them. The question of who would replace or swamp whom has been a preoccupation of pseudo-scientific racists ever since.Listen to the excellent conversation here.
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Darwin, Galton, and Replacement Theory - Discovery Institute
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UPES takes the lead in rebooting business education and entrepreneurship – Times of India
Posted: at 7:05 pm
Digital Darwinism and B-School Reset an event organised by UPES School of Business and Runway incubator will provide a platform to engage with industry leaders and deliberate on the radical shift in business landscape, the role of management education, the start-up ecosystem, and more
Byline: Ekta Kashyap
The number of start-ups spreading across the country is soaring. However, entrepreneurship is a tumultuous journey. And with already-established, well-known brands in the market, making a dent in the universe of start-ups becomes even more challenging.
But what if you got the formula of success straight from the experts themselves? How to navigate adverse conditions and come up with alternative revenue streams? How not to perish in a volatile, uncertain and changing world? How to flourish, irrespective of the odds, while building a better society and a sustainable business?
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Redefining how businesses work
Digital Darwinism and B-School Reset, an event organised by UPES School of Business and Runway incubator, will provide a platform to engage with industry leaders and deliberate on the radical shift in business landscape, the role of management education, the start-up ecosystem, and more. The event will take place on May 27 at India Habitat Centre, New Delhi. There will be a panel discussion on 'Decoding the New Normal' wherein industry experts will discuss the role of education in creating well-equipped professionals for tomorrow. The discussion will be followed by a Q&A.
It will be preceded by a start-up competition called Take Off wherein aspiring entrepreneurs will participate and pitch their business ideas. They will be mentored by industry veterans. Out of these chosen applicants, the winner will receive a cash prize of INR 2,50,000, while the runner-up will get a prize of INR 1,00,000. The last date for sending in entries is May 16, 2022. For details log on to https://www.runwayincubator.com/take-off
UPES, a multidisciplinary university, is focused on innovation, entrepreneurship, and digital preparedness of learners to meet the needs of the economy and the industry. Having embarked on a journey of being the University of Tomorrow, the university offers industry-aligned and specialised graduate and postgraduate programs through its eight schools: School of Engineering, School of Computer Science, School of Design, School of Law, School of Health Sciences and Technology, School of Modern Media, School of Liberal Studies, and School of Business.
UPES School of Business, with its focus on fostering digital transformation and an entrepreneurial mindset, has introduced new programs such as MBA in Start-Up and Entrepreneurship.
The MBA in Start-up & Entrepreneurship program inculcates new-age skills in the students, prepares them for the industry, and helps them start their venture through mentoring and networking opportunities with potential investors to raise funds.
School of Business is ranked among the top 50 institutions in Management by the National Institutional Ranking Framework (NIRF). It prepares students to adapt to disruption and the rapidly-changing workplaces.
Disclaimer: Content Produced by UPES
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UPES takes the lead in rebooting business education and entrepreneurship - Times of India
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The implementation of brand safety is weak in India: MMA Impact India 2022 – The Financial Express
Posted: at 7:05 pm
MMA India has hosted the 11th edition of its marketing event, MMA Impact India 2022. As per a global study done by MMA, a 1% improvement in marketing capability fit is associated with a 2.5% increase in sales growth and 2.35% increase in market value. Based on this insight, MMA has developed a structured approach by creating a capability fit map for organisations to evolve into winning marketing organisations. Additionally, MMA unveiled three informative reports titled Brand Safety Reimagined: A Toolkit for the Modern Marketer, Modern Marketers Guide to Leveraging Data and Martech 2022, and Metrics that Matter, at the event.
The theme of impact this year of evolving into a winning marketing organisation is more inevitable today than ever before, Moneka Khurana, country head and board member, MMA India, said. We are in an era of digital darwinism where technology and consumers are evolving faster than businesses can naturally adapt. 52% of companies on the fortune 500 list have become obsolete in the past 20 years. Evolving is no longer an option, it is a necessity to succeed. At Impact this year, we have unveiled a framework that helps businesses evolve with the consumer, she added.
The Digital Marketer Brand Safety survey 2022 revealed that while knowledge of brand safety guidelines exists, the implementation is weak in India. The Modern Marketers Guide to Leveraging Data and Martech report highlights that most organisations have 25% to 75% data aggregated in a unified data mart. However, many organisations lack the clarity of how unified data can help in improving the connected customer experience.
For Amit Jain, MMA India board chair and managing director, LOral India, the interaction between consumers and brands has been evolving rapidly. Hence, the marketing function needs to be swift to cater to this evolution. Winning marketing organisations need to keep customer value and company value at the core of all their initiatives. To create a recall among consumers for your brand, storytelling is key. If you have a good story, there is no reason why a customer will not connect with your brand, he stated.
As per the company, the sessions focused on the tenets of engagement, experience and exchange, commonly referred to as the 3E formula to attract, and retain the consumer through marketing. This year, at Impact 2022, leaders and experts are having a constructive discourse on the aspects of the winning marketing organisation framework. It is a take on strategies to retool the marketing field, so that brands can innovate on their product plans, the company said in a release.
Read Also: Next Fifteen to acquire M&C Saatchi for $390 million
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$5 million from Boeing will support UCLA quantum science and technology research – UCLA Samueli School of Engineering Newsroom
Posted: at 7:04 pm
UCLA has received a $5 million pledge from Boeing Co. to support faculty at the Center for Quantum Science and Engineering.
The center, which is jointly operated by the UCLA College Division of Physical Sciences and the UCLA Samueli School of Engineering, brings together scientists and engineers at the leading edge of quantum information science and technology. Its members have expertise in disciplines spanning physics, materials science, electrical engineering, computer science, chemistry and mathematics.
We are grateful for Boeings significant pledge, which will help drive innovation in quantum science, said Miguel Garca-Garibay, UCLAs dean of physical sciences. This remarkable investment demonstrates confidence that UCLAs renowned faculty and researchers will spur progress in this emerging field.
Harnessing quantum technologies for the aerospace industry is one of the great challenges we face in the coming years, said Greg Hyslop.
UCLA faculty and researchers are already working on exciting advances in quantum science and engineering, Garca-Garibay said. And the divisions new one-year masters program, which begins this fall, will help meet the huge demand for trained professionals in quantum technologies.
Quantum science explores the laws of nature that apply to matter at the very smallest scales, like atoms and subatomic particles. Scientists and engineers believe that controlling quantum systems has vast potential for advancing fields ranging from medicine to national security.
Harnessing quantum technologies for the aerospace industry is one of the great challenges we face in the coming years, said Greg Hyslop, Boeings chief engineer and executive vice president of engineering, test and technology. We are committed to growing this field of study and our relationship with UCLA moves us in that direction.
In addition to its uses in aerospace, examples of quantum theory already in action include superconducting magnets, lasers and MRI scans. The next generation of quantum technology will enable powerful quantum computers, sensors and communication systems and transform clinical trials, defense systems, clean water systems and a wide range of other technologies.
Quantum information science and technology promises society-changing capabilities in everything from medicine to computing and beyond, said Eric Hudson.
Quantum information science and technology promises society-changing capabilities in everything from medicine to computing and beyond, said Eric Hudson, UCLAs David S. Saxon Presidential Professor of Physics and co-director of the center. There is still, however, much work to be done to realize these benefits. This work requires serious partnership between academia and industry, and the Boeing pledge will be an enormous help in both supporting cutting-edge research at UCLA and creating the needed relationships with industry stakeholders.
The Boeing gift complements recent support from the National Science Foundation, including a $25 million award in 2020 to the multi-university NSF Quantum Leap Challenge Institute for Present and Future Quantum Computation, which Hudson co-directs. And in 2021, the UCLA center received a five-year, $3 million traineeship grant for doctoral students from the NSF.
Founded in 2018, the Center for Quantum Science and Engineering draws from the talents and creativity of dozens of faculty members and students.
Boeings support is a huge boost for quantum science and engineering at UCLA, said Mark Gyure, executive director of the center and a UCLA adjunct professor of electrical and computer engineering at the UCLA Samueli School of Engineering. Enhancing the Center for Quantum Science and Engineering will attract additional world-class faculty in this rapidly growing field and, together with Boeing and other companies in the region, establish Los Angeles and Southern California as a major hub in quantum science and technology.
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RIT offers new minor in emerging field of quantum information science and technology | RIT – Rochester Institute of Technology
Posted: at 7:04 pm
Rochester Institute of Technology students can soon begin earning a minor in an emerging field that could disrupt the science, technology, engineering, and math (STEM) disciplines. RIT students can now take classes toward a minor in quantum information science and technology.
This is a hot field garnering a lot of attention and we are excited to offer students a chance to gain some technical depth in quantum so they can take this knowledge and go the next step with their careers, said Ben Zwickl, associate professor in RITs School of Physics and Astronomy and advisor for the minor. It will provide a pathway for students from any STEM major to take two core courses that introduce them to quantum and some of its applications, as well as strategically pick some upper-level courses within or outside their program.
Quantum physics seeks to understand the rules and effects of manipulating the smallest amount of energy at the subatomic level. Scientists and engineers are attempting to harness the strange, unintuitive properties of quantum particles to make advances in computing, cryptography, communications, and many other applications. Developers of the minor said there is a growing industry that will need employees knowledgeable about quantum physics and its applications.
Were seeing a lot of giant tech companies like IBM, Intel, Microsoft, and Google get involved with quantum, but theres also a lot of venture capital going to startup companies in quantum, said Gregory Howland, assistant professor in the School of Physics and Astronomy. Howland will teach one of the minors two required courses this fallPrinciples and Applications of Quantum Technology. You have both sides of it really blossoming now.
The minor, much like the field itself, is highly interdisciplinary in nature, with faculty from the College of Science, Kate Gleason College of Engineering, College of Engineering Technology, and Golisano College of Computing and Information Sciences offering classes that count toward the minor. The minor grew out of RITs Future Photon Initiative and funding from the NSFs Quantum Leap Challenge Institutes program.
Associate Professor Sonia Lopez Alarcon from RITs Department of Computer Engineering will teach the other required courseIntroduction to Quantum Computing and Information Sciencestarting this spring. She said taking these courses will provide valuable life skills in addition to lessons about cutting-edge science and technology.
Theyll learn more than just the skills from the courses, theyll learn how to get familiar with a topic thats not in the textbooks officially yet, said Lopez Alarcon. Thats a very important skill for industry. Companies want to know theyre hiring people with the ability to learn about something that is emerging, especially in science and technology because its such a rapidly changing field.
The faculty involved noted that they hope to attract a diverse group of students to enroll in the minor. They said that although the disciplines feeding into quantum have struggled with inclusion related to gender and race and ethnicity, they will work with affinity groups on campus to try to recruit students to the program and ultimately advance the fields inclusivity.
To learn more about the minor, contact Ben Zwickl.
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3 Tech Trends That Are Poised to Transform Business in the Next Decade – SPONSOR CONTENT FROM DELOITTE – HBR.org Daily
Posted: at 7:04 pm
3 Tech Trends That Are Poised to Transform Business in the Next Decade
By Mike Bechtel and Scott Buchholz
Covid-19, while profoundly disruptive, didnt create new enterprise technology trends so much as catalyze those already underway.
Organizations fast-tracked multi-year technology roadmaps for major investments like artificial intelligence (AI), automation, and cloud, completing them in months or even weeks. The result? Many organizations have arrived at their desired futures ahead of schedule.
But the future is still coming. Todays innovations will be our successors legacy. So executives must be mindful of meaningful advances and capabilities forecast for the decade aheadto ride tailwinds, dodge headwinds, and forestall, or at least minimize, the interest payments due on their eventual technical debt.
But the signal-to-noise ratio in most projections of future tech is abysmal, introducing an anxiety-inducing blizzard of buzzwords every year. Thats why our futures research gets right down to identifying the subset of emerging technology innovations that can create better customer experiences, modernize operations, and drive competitive advantage.
Three classes of emerging tech are poised to transform every aspect of business in the next decade: quantum technologies, exponential intelligence, and ambient computing. These field notes from the future can give business leaders a strategic view of the decade ahead to help them engineer a technology-forward future.
Quantum Technologies
I think I can safely say that nobody really understands quantum mechanics, Nobel laureate Richard Feynman once said.
To eschew the physics lesson: quantum-powered solutions exploit the quirky properties of subatomic particles to allow us to solve seemingly intractable problems using physics instead of mathematics. Quantum represents as big a leap over digital as digital was over analog.
As quantum R&D turns the corner from R to D, the race among technology giants, governments, and early-stage startups will quickly find commercial applications.
Three areas to watch:
Quantums appeal to techies is clear, but business leaders must consider its potential to deliver specific competitive advantages against discrete business needs. Its spoils will first accrue to those who figure out in advance which problems they need quantum to solve.
Exponential Intelligence
Traditionally, the most widely adopted business intelligence solutions were descriptive: discovering and surfacing hidden correlations in data sets. The last 15 years saw the rise of predictive analytics: algorithms that could further extrapolate whats likely to happen next.
Most recently, AI-fueled organizations have used machine intelligence to make decisions that augment or automate human thinking.
This escalation of next-generation intelligencefrom analyst to predictor to actorwill increasingly access human behavioral data at scale, so that it better understands and emulates human emotion and intent. Enter the age of affective or emotional AI.
To a machine, a smile, a thoughtful pause, or a choice of words is all data that can, in aggregate, help an organization develop a more holistic understanding of customers, employees, citizens, and students. Its data organizations can further use it to develop classes of automated systems that better connect the dots among their financial, social, and ethical objectives.
For customer service representatives, caregivers, sales agents, and even stage actors, the business cases for these creative machines are compelling. But its imperative that leaders recognize the importance of committing to trustworthy AI practices to reduce any risk of bias, both tacit and explicit, in the training data, models, and resulting systems. As the authors of Technology Futures, a recent report from Deloitte and the World Economic Forum, put it: We must teach our digital children well, training them to do as we say, not necessarily as weve done.
Ambient Experience
The past 20 years of human-computer interaction might be summed up as an ever-bigger number of ever-smaller screens. With powerful mobile devices and advanced networks now ubiquitous in our workplaces and homes, were literally surrounded by digital information.
Ambient experience envisions a future beyond the glass when our interaction with the digital world takes place less through screens than through intuitive, out-of-the-way affordances that more naturally cater to our needs.
Recent advances in digital assistants and smart speakers light the way. These language interfaces generally speak only when spoken to and dutifully respond. Increasingly, devices will anticipate our intentions and offer help based on their understanding of content and context.
The other side of the coin: an unlimited reality. Virtual reality (VR) is not new, but enterprises increasingly turn to VR as a tool instead of a toy to support functions as varied as training, team building, and remote operations truck driving.
These ambient experiences could drive simplicity, reducing friction in the user experience. As technology develops, a voice, gesture, or glance could signal intent and initiate an exchange of business-critical information. Tomorrows digital concierges could handle increasingly complex routines in smart homes and citieswithout any logins or other traditional steps for activation.
Foresight is 80/20
These three field notes from the future are not an admonition to drop todays plans in favor of whats next. Rather, they are an encouragement to keep going.
Todays investments in cloud, data, and digital experiences lay the groundwork for opportunities in quantum technologies, exponential intelligence, and ambient experience.
Research indicates that leading organizations put 80 percent of their technology budgets toward existing investments and 20 percent toward emerging tech.1 By keeping their eyes on the future and their feet in the present, organizations can start creating tech-forward strategies todayso they can compete, lead, and advance their businesses tomorrow.
Read Field Notes from the Future in the Deloitte Tech Trends 2022 report and contact our subject matter experts for further discussion.
Mike Bechtel, Chief Futurist, Deloitte Consulting LLP
Scott Buchholz, Emerging Technology Research Director and Government & Public Services Chief Technology Officer, Deloitte Consulting LLP
1Mike Bechtel, Nishita Henry and Khalid Kark, Innovation Study 2021: Beyond the buzzword, September 30, 2021
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