Posts

Showing posts from April, 2021

Innovation in the field of Engineering

Image
Engineering innovation refers to any product, process, service, or infrastructure in the public or private sector.  Integrating engineering innovation may: ●  Lead to new products, processes, infrastructure, or services. ●  Lead to design that promotes human well-being, including gender equality. ●  Identify new markets and business opportunities. ●  Develop technologies that meet the needs of a complex and diverse user group. ●  Enhance global competitiveness and sustainability. The top five innovations in the field of Engineering are as follows:  1. VMware Telco Cloud - Open Grid:  You can think of the Open Grid as similar, in some ways, to the power grid. In the power grid, energy is generated and transferred from many sources (wind, solar, traditional power plants, etc.). When you need electricity to turn on your light, you flip the switch, and the electric grid provides what you need. Meanwhile, the rest of the pooled energy – collected from ...

Innovative Product - HYDAWAY

Image
 Hydaway is an innovative approach to reduce plastic waste in the environment. The products are:  1. Ultra Portable-  Collapses down to a slim 1.5 inch profile. 2. Easy Clean -  Dishwasher safe and wide-mouth opening for hand washing.   3. Non toxic -  Made of food grade silicone and BPA-free plastic. The main mission of the company is to find a convenient solution for disposable water bottles. The second mission is to create a water bottle that would occupy less space.  The water bottles are collapsible and thus occupy less space when empty. The products are meant to be reusable and come with a carbon filter, to purify and filter the water.  Although the water bottles can be used in daily life, it is mostly targeted for customer who are keen to hike or trek.

Risk Management in 21st Century Businesses

 As per the Bloomberg post on 'Global Risk Briefing', following are the major risks in any business:  1. Reserve Stockpiles.  2. Unemployment.  3. Inflation.  4. Currency Volatility.  Of these, unemployment is seen as the biggest worry over the next 10 years for business executives all over the world. In 2020, due to the pandemic, unemployment rates have skyrocketed, with fears of worse in countries which have furloughed workers.  “The employment disruptions caused by the pandemic, rising automation and the transition to greener economies are fundamentally changing labour markets,” said Saadia Zahidi, Managing Director at the World Economic Forum (WEF).  “As we emerge from the crisis, leaders have a remarkable opportunity to create new jobs, support living wages, and reimagine social safety nets to adequately meet the challenges in the labour markets of tomorrow.” The financial, budgetary and economic effects of unemployment are profound. Many of ...