Daily Archives: September 6, 2022

Amidst all the economic and political challenges Pakistan faces, it has earned bragging rights for its public awareness campaigns, including the National Action Plan campaign to drive Covid-19 vaccinations and, most recently, a campaign to warn the public about the undeniable dangers of climate change. How did these government awareness campaigns succeed? Pakistan, a country of over 220 million people, has a high mobile phone penetration, which the government is now using to its advantage.

Despite its meager resources and chronic economic problems, including rising import bills and increasing inflation, Pakistan has managed the Covid-19 pandemic relatively well. It returned to normalcy relatively quickly by employing a multi-pronged policy centered around an effective communication strategy, thanks to its high mobile phone use.

Utilizing Pakistans 175.62 million mobile phone users, the government first educated the public about Covid-19 prevention by sending targeted text and voice messages that appealed to peoples self-preservation. Every time a mobile number was reached, a message prompted the caller to protect their loved ones from Covid-19, appealing to their altruism. In the second phase, it successfully countered vaccine hesitancy through voice messages to the same individuals. The government is now using the same strategy to mobilize and educate the masses about how to protect themselves from climate deterioration due to severe floods and heat waves. And this could not have come at a better time: today, one-third of Pakistan is flooded with a high volume of water attributed to climate change.

Effective communication strategies, such as timely repetitive messaging and language that support individual self-efficacy, are crucial to the success of any public outreach campaign. Studies suggest that carefully written SMS messages sent to patients before their primary care appointments boosted vaccine adoption. For example, reminding patients of vaccination via two SMS messages increased vaccination adoption by 11 percent.

While Pakistan ranks extremely low on the environmental performance index, the country is highly vulnerable to extreme weather events, as evidenced by the recent floods and heat waves impacting millions of Pakistanis. Pakistan, undoubtedly, faces a severe climate change crisis!

While Pakistans previous government had taken some steps to alleviate environmental deterioration, increase its climate change adaptation, and educate a public gravely unaware of the imminent climate crises, the effective mobile phone communication strategy is certainly praiseworthy. The strategy relies on an automated message delivery system to mobile phones in Pakistan giving users directions on how to protect themselves and their loved ones from climate disasters.

Finding a way to directly engage key stakeholders in climate change adaptation is a significant accomplishment in a developing country where climate change is overlooked as an imminent danger. This policy will benefit the government by increasing public trust and public self-efficacy. In the future, the government may tweak messages focusing on climate change mitigation to educate the masses on how to prevent climate deterioration in the first place.

Although the existing Covid-19 communication strategy consisted of blanket messaging across all regions of Pakistan, the government should adopt a more precise and targeted approach to environmental degradation programs since different areas face distinct challenges. For example, some regions require planting more trees while others require efficient water use. In other words, geo-mapping users is essential for sending localized climate change messages.

Pakistan offers a success story of raising awareness among a widely undereducated population about climate change adaptation through an effective technology-based communication strategy. However, it could certainly improve these efforts by integrating content on mitigation and prevention as well as tailoring messages to regional needs. With any luck, other countries in the region might emulate Pakistans example to increase awareness about climate change as well.

Muhammad Salar Khan, Ph.D., is Don E. Kash Postdoctoral Fellow in Science & Technology Policy at Schar School of Policy & Government, George Mason University. He tweets at @salarppolicy. Farah Latif, Ph.D., is a strategic communications practitioner. She also serves as a Fellow at the Center for Media and Public Affairs at George Mason University. She tweets from @FARAHLATIF.

Image: Reuters.

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How Pakistan Is Using Technology to Save Lives - The National Interest Online

United States, Rockville MD, Sept. 05, 2022 (GLOBE NEWSWIRE) -- This new Fact.MR study currently places the global 3D body scanners market at US$ 131.5 million. Over the next five years, worldwide sales of 3D body scanners are estimated to increase at an astronomical CAGR of 14.9%.

An increasing per capita disposable income has led to a notable rise in consumer spending potential, which has subsequently favored growth in the retail sector. Rising technological proliferation has promoted the use of advanced 3D body scanning technology in the retail sector, which is expected to drive demand for 3D body scanners over the years to come. The growing popularity of video games and the flourishing video game development industry have also favored 3D body scanners market growth. 3D scanners are crucial in the 3D motion tracking technology that is being used extensively in video game development.

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This trend is common in the 3D body scanners marketplace as well, and new companies are creating innovative 3D body scanners to enhance their market presence in the industry landscape. These upcoming companies are also adopting different strategies to further bolster their market stance among the established market players.

3D body scanner suppliers are expected to focus on partnerships, collaborations, mergers, and acquisitions to increase their global market presence and bolster their revenue generation capacity.

Why is the U.S. an Attractive Market for 3D Body Scanner Companies?

Rapid Adoption of Advanced Technologies & High Spending Potential in the U.S.

The United States 3D body scanners market is anticipated to exhibit highly lucrative opportunities owing to the rapid adoption of novel technologies and the presence of key 3D body scanning equipment suppliers.

At present, the U.S. 3D body scanners market is valued at around US$ 33 million. High consumer spending makes this country a lucrative retail market and this is expected to favor 3D body scanner sales over the coming years.

The presence of developed digital infrastructure, technological advancements, and rising demand for 3D modelling and analysis are also expected to drive 3D body scanners market growth in the U.S. through 2027.

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Competitive Landscape

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Key players in the 3D Body Scanners Market

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Digital Therapeutics Market- Digital Therapeutics was valued at US$ 4.25 Bn in 2021, and is expected to increase by 24% Y-o-Y to US$ 5.27 Bn by the end of 2022. The industry is expected to grow at a CAGR of 26.5% from 2022 to 2032, reaching US$ 56.41 Bn.

Video Streaming Market- The video streaming market is likely to garner a market value of US$ 50 Billion in 2022, expected to register a CAGR of over 17% from 20220-2032, accumulating a market value of US$ 241 Billion.

Unmanned Traffic Management (UTM) Market- The global unmanned traffic management (UTM) market is expected to expand at an impressive CAGR of around 18% over the next ten years, with drone operators being the largest end users across the world.

Personal Assistance Apps Market- Newly-released personal assistance app industry analysis shows that global demand enjoyed year-on-year (YoY) growth of 17.8% in 2021, to reach a value of above US$ 3.1 Bn. Mobile apps displayed negative growth of 4.1% to a reach a value of US$ 1.37 Bn in 2020, while smart device apps were up by 18.3% to record a value of US$ 1 Bn.

5G Services Market- The global 5G services market size is anticipated to procure a market value of US$ 48 Bn in 2022 and is likely to reach US$ 3,827.64 Bn while expanding at a CAGR of 55% from 2022 to 2032.

Blockchain Technology Market- The blockchain technology market has garnered a market value of US$ 7.36 Bn in 2022, anticipated to register a positive CAGR of 84% in the forecast period 2022-2032 and reach a value of US$ 3,273.83 Bn.

Digital Remittance Market- The digital remittance market has garnered a market value of US$ 18.16 Bn in 2022, anticipated to register a positive CAGR of 13.5% in the forecast period 2022-2032 and reach a value of US$ 64.43 Bn.

Neobanking Market- The global sales of neobanking garnered a market value of US$ 45 Bn in 2021, and is expected to reach US$ 67 Bn by 2022. From 2022 to 2032, the market is likely to register a CAGR of 44.15% by accumulating a market value of US$ 2,595 Bn through the assessment period 2022-2032.

Vehicle Tracking System Market- The global vehicle tracking system market is projected to grow steadily at a CAGR 13.7% value, during the forecast period 2022-2032. In the year 2022, the market cap is expected to be worth US$ 21.7 Billion.

Enterprise Video Market- The global enterprise video market is anticipated to hold a value of US$ 17.3 Billion in 2022. Increasing application of enterprise video solutions across various organizations to grow collaboration among their global workforces is likely to boost the market at a CAGR of 10.93% during the forecast period while amassing a market value worth US$ 48.8 Billion by 2032.

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Rising Use of 3D Motion Tracking Technology in Game Development Boding Well for 3D Body Scanner Manufacturers, Says Fact.MR - GlobeNewswire

In a recent Premier League game, Manchester United went 2-0 up when striker Marcus Rashford ran on to a pass and slotted the ball past Liverpools goalkeeper, Alisson Becker. The game was then held up briefly while the video referee checked whether Rashford was ahead of the last defender, Joe Gomez, when the pass was made. The difference between onside and offside between goal or no goal can be tiny:

Indeed, the margins can be so small that simply placing the camera at a slightly different angle could make a big difference. This problem of camera angles, and how they affect our perception of offside calls, is what encouraged me to use my expertise in 3D motion capture technology to explore the accuracy of video refereeing systems.

Video assistant referee (or VAR) technology was first introduced in 2018 to help referees review decision for goals, red cards, penalties and mistaken identity. Since then the total number of fouls, offsides and yellow cards has decreased.

On the other hand, VAR has increased the total match time while reducing the effective playing time. The final VAR outcome is determined by a human operator in an office far from the stadium who may of course be prone to human error before being relayed to the on-pitch referee.

Yet another VAR controversy arose recently as the on-pitch referees accepted Newcastle United and West Ham goals against Crystal Palace and Chelsea respectively, only for those goals to be disallowed after VAR reviewed them. These decisions were heavily criticised in the media and now PGMOL, the referees body, has promised to fully co-operate with a Premier League review of the incidents.

Law 11 of association football states that a player is in an offside position if any of their body parts except their hands and arms are in the opponents half and closer to the opponents goal line than both the ball and the second-last opponent (the last opponent is usually, but not necessarily, the goalkeeper).

Referees and assistant referees need to identify the exact moment the ball was kicked and check the position of often fast-moving players at the same time. If in doubt, they can review the video footage of the incident. These videos are often recorded at 30 frames per second, yet the video may still become blurred because the players move so quickly.

It is therefore unclear whether the current video replay technology is accurate enough to deal with the narrowest offside situations. To find out, I used optical motion capture technology which records the position of the players and the ball in 3D and with higher accuracy, and so can be used to validate the outcomes of 2D video systems.

I created some offside scenarios in a laboratory and asked volunteers to act as the players and the VAR. In each scenario, one player passed the ball to their teammate who was standing next to an opponent.

I placed reflective markers on the players and the ball and recorded their 3D positions with a motion capture system. I also recorded the scenes with video cameras placed at different viewing angles. Then I asked ten college students to watch the pre-recorded events, and to determine the ball-kick moment and identify whether the player was offside.

My results were recently published by the International Society of Biomechanics in Sport. I showed that people on average judge the offside moment as being later than the actual moment the ball was kicked by 132 milliseconds, or 0.13 seconds.

Such a delay may not seem a lot, but in fast-paced games like football, it could be enough to put players in another location and therefore make them offside. For example, assuming that a player is moving at about 8 metres per second, a delay of just 0.13 seconds could correspond to about 1 metre.

When viewing videos taken from 0 and 90 degree angles (from raised positions in line with the players and behind the goalkeeper), participants were more likely to be accurate. At a 45 viewing angle and when the image of the attacker is to the left side of the defender, sometimes the attacker appeared to be closer to the goal line, resulting in wrong offside judgments.

Similarly, when the attacker was on the right side of the defender, even when he was offside, sometimes he appeared to be next to the defender. It seems that these wrong decisions are the results of relative optical projections of the two players at this camera viewing angle.

As there is still a human element to VAR, it seems impossible to remove all potential errors and biases and achieve 100% accuracy. Nonetheless, there are several things we could do to reduce these biases further. These include higher frame-rate cameras that could determine ball contact and offside moment in slower motion.

For marginal offside decisions, VAR should replace its current one-pixel line with thicker lines to represent the uncertainty zone. Where the lines overlap, those situations could be deemed as onside.

Finally, in case a parallel or perpendicular view of the event is not possible, VAR should be checked with other camera angles. In the longer term, VAR could use volumetric video that captures the scene in 3D and can be viewed on flat screens as well as in 3D displays or VR goggles.

These technologies might not ever completely resolve the question of whether or not Rashford was offside football fans, players and managers love a good argument. But it should not be over millimetres.

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VAR: I used motion capture technology to show why the Premier League gets tight offside decisions wrong - The Conversation

Minister for Education, Shawn Edward is hopeful for the upcoming school year which began on Monday, September 5, 2022.

In a recent address to the nation, the Minister mentioned setbacks during the last two years and his hope for the new academic year.

"The promise of the new year is steeped in the experiences and lessons learnt from the impact of COVID-19 on our education system. In some measure, it can be said that COVID-19 provided a silver lining for education, as it was the catalyst needed for pivoting our approach to instruction and learning. Navigating the rough tides associated with the harrowing experience and impact of the pandemic, highlighted and demonstrated our resilience and adaptability as a system, as education administrators, as teachers, as parents and as students.

As we transition back to the normalcy of our pre-covid existence, we will be including in our instruction and learning repertoire the knowledge and skills acquired over the past two years. "

According to Edward, the intent of the Ministry of Education is to ensure that students become competent and creative in a digital environment with the integration of Information and Communication Technology in Education. For this reason, students from various secondary schools will be issued devices for their continued learning.

"Primary schools will also benefit from over 2000 devices and smart classrooms in the coming months, as the Ministry has invested in transforming some of our classrooms into SMART spaces. Also, at the primary level, we have undertaken a pilot with Grade 3 students at select primary schools, where the instruction and learning will be mainly interactive through the use of technology."

The Education Minister also noted serval other initiatives for the 2022/23 academic year which include;- The introduction of the Mandarin Pilot Programme in two secondary schools, alongside the eventual inclusion of the Creole language- The provision of welfare support systems and psychosocial services for students- A continuation of the school feeding programme

Edward also offered his gratitude to the relevant stakeholders including Trade Union Organizations, The NPA, NYC, National Students' Council, RSLPF, Ministry of Health, the School Boards and the staff and students.

With the recent changes to the COVID-19 protocols effective September 5th, 2022, a number of large group activities are expected to make a return to the academic calendar, such as sports and science fairs.

"At this juncture, the Ministry of Education, Sustainable Development, Innovation, Science, Technology and Vocational Training expresses gratitude to school leaders and teachers for their unwavering commitment to all our students at all strata of the education system. The teaching profession has become increasingly challenging in an ever-evolving technological environment. With this in mind, I applaud your efforts for first, accepting the training offered to enhance your delivery through the use of technology and secondly, for the passion exhibited towards elevating and empowering our students to unlock their full potential."

In an event dubbed "PRESENT- Proudly Representing Each School" teachers will be encouraged to wear the uniform of their alma matte to work, in an expression of gratitude for the commitment and innovation displayed during the COVID-19 pandemic.

With the exception of one school on island, all educational instruction will be held face to face, five days a week.

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Edward touts COVID silver lining technology pivot in new school year | Loop St. Lucia - Loop News St. Lucia

Fulfilment and warehousing in 21st century

Nattapume Pavaratn, executive committee member and senior vice president at JWD InfoLogistics, said there were many pain points in doing business, including finding the right sales channel and managing operational costs.

Nattapume, who is also president of Warehouse Silo and Cold Storage Business Association, said consumers feeling toward brands poses a challenge to businesses.

To tackle these challenges, he advised entrepreneurs to improve warehouse management and be flexible so they can fulfil consumers demands effectively. He also advised small business owners to adopt technology as it can solve their pain points effectively.

"Even though technology can help entrepreneurs with warehouse management, they should pay attention to many factors, such as business size and investments," he said.

He also asked entrepreneurs to pay attention to the environment as green economy is part of the 21st centurys megatrends, along with robotic automation, fintech, data-driven business and e-commerce.

Tips to start door-to-door services

Jamie Ko, director of regional public affairs and policy at Grab, said the digital economy has brought benefits and opportunities to entrepreneurs, especially when it comes to seeking customers.

Since Southeast Asias digital economy has grown significantly during the Covid-19 crisis, she said, entrepreneurs should collaborate with partners to gain maximum benefits from the digital economy.

The question is how do we work together across all stakeholder groups to gain benefits from the digital economy, she said.

E-commerce, cross-border impact on Asean logistics industry

Cecile Barayre-El Shami, chief of United Nations Conference on Trade and Development (UNCTAD)s Digital Economy Capacity-Building Section, said many e-commerce platforms had benefited during the pandemic.

She explained that e-commerce sales have increased exponentially from US$2.5 trillion in 2019 to $3.9 trillion in 2021, with the top three platforms being Alibaba, Amazon and jd.com.

She went on to say that Asean countries are working on e-commerce development, focusing on cross-border trade, business facilitation and consumer satisfaction by 2025.

However, she added, many countries in the region are less ready to engage in and benefit from e-commerce, such as internet access, logistics, skills availability and government strategies.

To make digital trade more sustainable and inclusive, she said, Asean countries should develop affordable and reliable ICT connectivity, build digital skills to ensure everybody can access digital trade, and improve regulatory framework and measurement.

"E-commerce ecosystem needs cooperation from every sector, such as government, digital commission and non-governmental organisations," she said.

Collaboration at the heart of e-commerce logistics

Behzad Goudarzian, logistics manager of the United Arab Emirates supply chain solutions provider ISS Global Forwarding, said collaboration is the heart of e-commerce logistics.

He said all sectors, including consumer, marketplace, vendor, international freight, customs clearance, fulfilment and delivery, should work together, otherwise the operation would face difficulties.

"All gears should relatively move on the same page. If one gear stops, all gears will stop, he said.

He also advised related agencies in e-commerce and logistics industries to focus more on data integration, ease customs procedures, streamline processes and use trusted digital payments.

Meanwhile, Pravin Shetty, ISS Global Forwardings regional IT manager, said technology also plays an important role in the e-commerce and logistics industries as they can facilitate many issues, such as system integration, secure transactions and risk mitigation.

He advised related agencies to apply four technologies to e-commerce and logistics operations, namely application programming interface, blockchain, internet of things and big data.

"Related agencies should optimise rules, improve delivery, ensure that the country's infrastructure is in place and make use of equipment and resources," he said.

Time for logistics marketplace platform in Mekong region

Piyanoot Sumrith, president of the Thai Transportation & Logistics Association, said the Mekong region is well prepared for adopting the logistics marketplace platform.

She added that people were now familiar with online shopping, thanks to the Covid-19 crisis over the past two years, as well as the governments incentives, such as the Khon La Khrueng (Lets Go Halves) co-paying scheme.

Piyanoot, who is also managing director of the delivery service WeMove Platform, expects the logistics marketplace platform to meet customers demand once factors like logistics and customs procedures are made smoother.

"It's a good time to build the logistics marketplace platform as everything is ready, especially technology," she said.

James Marchant, chief logistics officer for Lazada Express (Thailand), said even though the Covid-19 crisis changed customers' behaviour, their expectation of the best service never changes.

He said it is only a matter of time before technology will play an important role in providing a different experience to customers, such as drones and robots.

There are many trends that continue accelerating, such as how fast and how cheaply you can deliver and how strong is your return process, he said.

Rachelle Alexis Lim, executive director of strategy and business development of payments platform 2C2P, said people preferred online shopping not just because of convenience but also because their demands have changed.

Echoing Marchant, she said online adoption will help boost the marketplace's efficiency to provide experiences to customers, adding that many people preferred online payment instead of cash on delivery.

"Many businesses have shifted from traditional commerce to e-commerce even after the pandemic, she said.

The panellists also urged the government to collaborate with related agencies to develop a logistics marketplace platform in the Mekong region and address it from various aspects, such as easing customs procedures and promoting technology adoption for sustainable growth.

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Adopting technology is 'key to survival for businesses in digital era' - Nation Thailand

NEW YORK, Sept. 5, 2022 /PRNewswire/ -- The "Global Blockchain Technology Market by Top Spending Regions and Market Price Trends" report has been added to SpendEdge's offering.

In-depth analysis and data-driven insights on the impact of COVID-19 on the Blockchain Technology market, predict that this market expects a price change of 5%-7% during the forecast period.

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Related Reports on Information Technology Include:

Blockchain Technology Market's Procurement Report Highlights Information on:

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Blockchain Technology Market Procurement Report With Information on Key Vendors for Microsoft, IBM, and - Benzinga

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Defence Science and Technology (DST) and the Defence Science Technology Laboratory (Dstl) lead UKs involvement in all NATO science and technology activity, on behalf of the Ministry of Defence (MOD) and UK Government.

UK academia and industry, including small and medium-sized enterprises, are very welcome to engage in the many science and technology activities taking place in NATO, but their involvement must be coordinated through Dstl. Dstl chairs and runs various activities on behalf of NATO and need to act as sponsors for any UK entity that wishes to engage in NATO science and technology.

Contact Dstl at NATOAssistantCoordinator@dstl.gov.uk

The NATO Science and Technology Organization (STO) aims to meet the collective needs of NATO, NATO nations and partner nations in the fields of science and technology.

The 7 STO technical panels manage collaboration across a wide range of scientific research activities:

These panels comprise national representatives as well as world-class scientists, engineers and information specialists. In addition to providing critical technical oversight, they also provide a communication link to military users and other NATO bodies.

In any given year, more than 3,500 scientists and engineers from NATO and its partners are working on approximately 140 research activities being conducted by these technical teams. These activities all result in the publication of highly valued scientific literature published by the STO.

Published 2 September 2022

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UK involvement in NATO science and technology activities - GOV.UK

Equitable access to reliable and cost-effective technology will go a long way to promote teaching and learning in a more sustainable manner and ensure than no one is left behind, the Second Deputy Governor of the Bank of Ghana,Mrs Elsie Addo Awadzi, has said.

Speaking at the launch of the 25thyear anniversary of the University of Ghana, she said the pandemic underscored the importance of constant investments in the future to build resilience and strong safety nets in order to reduce inequities and exclusion from our socio-economic development efforts.

Emerging from the ravages of the COVID-19 pandemic, the new emphasis on Nurturing resilience: Adopting technology, and embracing humanism, is welcome and in the right direction, she said.

Mrs Awadzi emphasised that technology enabled the adaptations that were necessary to reduce the fallout from the pandemic including the impact on teaching and learning, existing gaps in access to technology introduced disparities in the extent to which some were able to cope with disruptions from the pandemic.

We must modernize how we teach relevant subjects. What technological facilities can we deploy to teach them more effectively? How can we take advantage of technological advancements to provide relevant skills for students? How can we attract the best experts and practitioners from home and abroad to help with cutting-edge research and teaching in innovative ways? she stressed.

Mrs Awadzi said students who had no access to electronic devices and/or had no access to cost-effective and reliable internet connectivity to support their online learning were suddenly facing new hurdles in pursuing their educational dreams.

The Second Deputy Governor lauded the university for its recently launched One Student, One Laptop (1S1L) programme, where about 120 students had been provided laptops, deserves applause.

Mrs Awadzi entreated corporate bodies and well-meaning Ghanaians to support the initiative to ensure that all needy students received the support.

As we prepare to start a year of much-deserved celebrations to mark this important milestone, it is imperative that we look into the future with new ways of thinking and pursuing our vision and goals, she said.

The Second Deputy Governor stressed The pursuit of world-class excellence should be a moving target, and as times change, that vision should be calibrated to deliver outcomes that keep this great institution relevant.

Mrs Awadzi said The pandemic taught us the benefit of resilience, preparation, and adaptability. Resilient organisations anticipate change, prepare for change by making adequate investments in systems that will help to deal with such changes, and adapt effectively to change.

She said the University of Ghanas Vice Chancellors bold and audacious vision to create a culture that promotes research, teaching and learning, administrative processes and extension activities driven by technology and anchored in humanism was commendable.

Mrs Awadzi commended University of Ghana for the role it had played in the countrys development, saying the University had produced academics who had contributed diversely for the country economic development.

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Tertiary institutions urged to invest in technology to promote equitable education - BusinessGhana

ADOS GmbHdisplayed some of their latest gas measurement instrumentation used for a variety of applications such as ambient air monitoring, biogas production, emission control and flue gas analysis at the recent ACHEMA exhibition in Frankfurt. ADOS instruments are used worldwide, the company has built on a reputation for manufacturing and servicing reliable, precise analysers from their location in Aachen in western Germany since 1900.

At this years ACHEMA, ADOS exhibited a selection of their time-proven gas warning systems.

Due to the higher demand of renewable energies the worldwide demand for ADOS BIOGAS 401 and BIOGAS 905 biogas has risen significantly. The gas analysis specialists have also seen a steady rise in the flow of enquiries from the hydrogen/electrolysis sector.

The FlexADOS 914 is widely used in applications such as monitoring and controlling hazardous substance in warehouses. ADOS EX-proof GTR 210 EX sensors are also ubiquitous for these types of monitoring tasks. Both devices are SIL1 approved.

The FlexADOS 914 family also includes the FlexADOS 914 CP and FlexADOS 914 LON, which are used primarily for CO detection in underground carparks.

The connection of the corresponding gas transmitters is carried out via 4-20mA (type: 592 TOX) respectively LON-Bus-Technik (type: TOX 914 CO LON).

The FlexADOS 914 MED and GTR 210 MED are enclosed in a rugged housing for operation in harsh environmental conditions and have the requisite approvals to be operated on ships or in LNG terminals.

These cutting-edge devices are supported by over a century of experience in industrial gas analysis and visitors to ACHEMA enjoyed the opportunity to learn how to improve their commitment to environmental compliance effectively and efficiently

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World class gas analysis and monitoring technology displayed at ACHEMA - International Environmental Technology

Improved satisfaction for staff is linked to better technology adoption according to research from Netwealth.

The platforms 2022 AdviceTech Report, done in conjunction with CoreData,indicated that most advice firms use an average of 14 technologies in their practice, with most staff using it at least daily.

Around 78 per cent of those surveyed agreed that an integrated tech stack the seamless combination of related tech systems improves staff satisfaction.

Additionally, the research found superior technology is required for hybrid home-office environments, while training processes that include ample time to learn the software should part of any tech implementation strategy.

The aim of the study was to identify the impact technology has on staff, noting how entwined email, Microsoft Teams, investment platforms, payroll systems and customer relationship management (CRM) systems are on operations.

Netwealth managing director Matt Heine said technology isnt considered enough when it comes its impact on staff satisfaction.

When we think about improving staff satisfaction, our focus often turns to increasing pay, improving staff culture, giving more leave or providing other employee benefits, he said in a media release regarding the findings of the study.

Marketplace of ideas

While some technology (like Microsoft Office) is industry agnostic, advisers rely on job-specific platforms and CRM systems which often have their own pros and cons.

Recent research from Investment Trends found advice firms use an average of three platforms and industry feedback indicated there isnt enough standardisation to support using multiple systems.

Additionally, many tech players in the advice space have looked to M&A to build scale in an industry with tight margins, including Netwealth.

The Covid-19 pandemic has only heightened client expectations for technology due to other professions like doctors and accountants being flexible with their communication media.

Tech strategies

With the market in its current state, Heine said the research identified several tactics firms can adopt to improve their tech usage.

He noted firms should consider simplifying their core advice tech, use integration tools or even reducing the number of tools they use.

The first of these is for advice firms to consider supporting their hybrid working arrangements with the right technology, such as VPNs, as well as proper IT support.

The research found only 36 per cent of staff consider themselves masters of the tech they use while only 56 per cent feel they receive appropriate training.

The other obvious tactic is to give staff more training on technology, access to how-to videos as well as giving them just more time in their day to play around and learn about the tools, Heine said.

The report surveyed 303 advice firms between 13 April to 19 May 2022.

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Better technology the secret weapon to staff happiness - Professional Planner