Data Capital: What’s That?

first_imgDigital Transformation is creating massive opportunities for technology sellers but customer success is dependent on the dataYour customers, their competitors, even the media all know that digital transformation is here, but how does the modern company succeed with it? The hype behind this term, the underlying buzzwords (AI, Big Data, IoT, and Digital Experiences just to name a few) are looked at as the way to lock in long-term success as we move into the 4th industrial age. Yet without a corresponding focus on data, their implementations will be limited or potentially fail.Why? Simply put data powers digital transformation. We call this data capital which is the value created from leveraging data to drive services or derive insights. The most advanced use cases are heavily reliant on having substantial amounts of data to make sense of. Take building an autonomous vehicle, these companies will need fleets driving hour upon hours and millions of miles before they achieve their goal. Think about the size of the undertaking, but also realize that just a single vehicle in this fleet can generate up to 100TB of data in a single day of driving. If the auto manufacturer hasn’t invested in a data platform that can support the kind of volume we’re talking about they will be limited in their ability to analyze that data.Organizations are struggling under the weight of their dataMost of the companies you work with have a sizeable data footprint already, and if it hasn’t been consolidated into a unified data lake then that data will have limited applicability and value across their business.This is your first opportunity: Have a conversation with your customers about how they can leverage Dell EMC Isilon and ECS to consolidate their workloads onto a massively scalable data platform to save money and enable this data to be put to use.Keeping up with data growthUnlike traditional companies, those who have gone digital begin to thrive on valuable data and therefore require more and more of it. Over time as more data is accumulated, it can provide more accurate predictions, access to broad digital services, and be used to automate core functions. That all sounds good, but the corresponding costs of maintaining large data sets with aging infrastructure can weaken the position of the company.Your second opportunity: Help organizations deal with massive data growth by eliminating much of the operational costs and move organizations to the Isilon platform that can be managed by policies.Extracting value from dataAssuming an organization has gotten this far they now need to figure out how to use the data. As digital transformation has expanded out of technology-driven companies this means assembling a new skill set for most organizations. If they struggle to get the infrastructure in place they won’t even make it to the point of developing complex business logic or enabling their business with an IoT device.Your third opportunity: Enable your customers to build on top of Dell EMC Unstructured Data Solutions that work with the leading data analytics solutions, support real-time streaming analytics, simplify workflows, and run cloud-native apps.Help your customers get the most from their Data CapitalSeize the opportunity to be a trusted advisor and help organizations make their digital transformation quickly and safely. As our own sellers have seen, focus on telling the Data Capital story with customers and break out from the bottom commodity storage conversation and focus on delivering value to the organization.To find out more about how Data Capital can help you win more deals and support your customers in their journey:Visit ‘Unlock your data capital’ for infographics and moreRead the IDC White Paper: Unlock the Power of Data Capital: Accelerate DXlast_img read more

Rape reported to University

first_imgA rape was reported to Notre Dame’s Title IX office, according to Notre Dame Police Department’s Tuesday crime log. The alleged rape occurred in an unspecified male residence hall between Feb. 16 and 17, according to the report. Information about sexual assault prevention and resources for survivors of sexual assault are available online from NDPD and from the Title IX office.Tags: crime log, NDPD, sexual assault, Title IXlast_img

Empty Grocery Shelves

first_imgWhile all industries have been seriously affected by the COVID-19 pandemic, food and agriculture have been among the hardest hit segments of the U.S. economy. The primary reason lies in the composition of household food expenditures.The impacts of the pandemic appear to vary by commodity based on two critical issues: perishability and labor use. Perishables like fruits, vegetables and milk are among the hardest hit. Many of these industries also depend on labor for growing and harvesting.There is no immediate shortage of food in the U.S., according to the U.S. Department of Agriculture (USDA), however the current demand for items such as grocery-size products and on-demand delivery is greater than what is in abundant supply: bulk, large-sized products and processed shipments to restaurants that remain open.This demand-supply mismatch appears to mimic anecdotal evidence of price spikes and empty store shelves on the consumer side and the collapse of demand and dumping of food on the farm side, with a range of linked effects in the middle.Wholesale food demand reduced, supply chain shiftsHouseholds spent $1.7 trillion on food in 2018, 54% of which was spent on food away from home at restaurants, bars, sports venues and other establishments, according to the USDA Economic Research Service. A dramatic drop in foot traffic at all types of restaurants began in the second week of March.Supermarkets and grocery outlets have also experienced a significant reduction in foot traffic, but delivery and on-demand services have been strained by the sudden surge in demand from people under stay-at-home orders and social distancing guidelines, which includes nearly 90% of the U.S. population.With the drastic fall in food demand away from home, multiple forces were unleashed rapidly, causing ripples that stretched farther into every food and agricultural commodity.First, the supply chain serving food service industries did not have many buyers. A case in point is cheese, where the major supplier, Wisconsin, found two-thirds of its demand fall to near zero within a week or two.Second, social distancing guidelines and shuttered non-essential businesses affected supply chains serving both food services and retail grocers.The results include a significant slowdown in the operations of processing and distribution, shortage of workers at farm, processing and distribution (trucking) facilities, and a shortage of cleaning and sanitizing supplies. Compounding these effects are the resources spent in contact tracing and quarantine if/when a worker tested positive for COVID-19.Third is the urgent need to transition products run through food services into those that consumers need at the grocery store. For example, restaurants usually bought diced vegetables, like onions, in 60-pound bags, but consumers at grocery stores usually buy 3- to 5-pound bags of unpeeled onions. Also, large cheese blocks sold to food services, which generally have sizable storage space, cannot be chopped overnight into packs of ounces and pounds to sell at grocery stores.Trade and other factorsImports of food have declined due to reduction in air and shipping traffic between countries and regionally within countries. Nearly 13% of food consumed in the U.S. comes from other countries — primarily horticultural products, livestock and edible oils.Preliminary data shows that the countries first affected by COVID-19 exported and imported less food in January and February 2020 relative to the corresponding period in 2019, according to recent reports by SafetyChain, a food and beverage management system.In addition, all of the above happened in the aftermath of several natural disasters and a trade war over the last two years.Potential solutionsWhat can be done by private and public sectors, hopefully in a partnership, to offset these challenges? An obvious option is storage where applicable to mitigate price spikes, avoid empty store shelves and prevent collapse of demand. However, not all commodities are storable.Some experts have recommended government purchases of perishables and transfer to regions and segments of the population where they are most needed. It is not clear that the logistics of such an operation can be pulled off within the short time period needed to accommodate farms and markets.The stimulus measures to keep businesses in operation — including loans, grants, unemployment insurance and SNAP benefits — alleviate the problem to some extent, but their durability has already been questioned. Policy and other measures will be an ongoing discussion.Also, government regulations are somewhat eased to help in the transition of demand from food service to grocery outlets. Nonetheless, the food and agriculture sectors need more attention, especially the most vulnerable segments, likely in the form of a combination of the above tools employed in greater intensity.(The author is a professor of agricultural and applied economics in the University of Georgia’s College of Agricultural and Environmental Sciences. Chen Zhen, associate professor in the department of agricultural and applied economics, contributed to this story.)last_img read more

New pact for £200m power station revamp

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How major South Korean airlines made profits during pandemic

first_imgSouth Korea’s flag carriers Korean Air and Asian Airlines surprised the market last week by posting an operating profit in the second quarter, while major airlines across the world suffered heavy losses due to the pandemic.Korean Air reported an operating profit of 148.5 billion won (US$125.2 million) while Asiana saw its figure top 100 billion won, both owing to their robust cargo businesses.In normal times these figures would’ve fallen short of grabbing headlines, but not in a year marred by an ongoing pandemic that has brought the aviation industry to its knees.America’s Delta Airlines suffered a net loss of $5.7 billion in the second quarter, its biggest since 2008. International Airlines Group, which owns British Airways, Aer Lingus and Iberia, reported a loss of 2.2 billion euros ($2.6 billion). Japan Airline suffered a loss of 93.71 billion yen ($882.2 million) while Germany’s Lufthansa lost 1.5 billion euros in the same period.“The performance of both airlines is commendable as they responded quickly. I was skeptical when I first heard Korean Air’s decision to deploy passenger jets for their cargo service. It looks like it’s worked while other airlines didn’t consider the option,” said Hurr Hee-young, a professor at Korea Aerospace University.On top of its existing capacities, Korean Air, with a cargo fleet of 23 aircrafts as of July, has been using overhead bins and installed cargo seat bags on its planes to raise utilization rates, with plans to remove seats from long-haul aircrafts to carry even more cargo later this year. While demand remained at the pre-pandemic level, supply fell, offering a window of opportunity for the two national carriers that acted quickly, Hurr noted.“Freight rates are extremely flexible. They change rapidly depending on market demand and supply. Passenger traffic fell rapidly during the COVID-19 crisis while air cargo demand stayed steady, mainly due to medical supplies. The airlines grabbed the opportunity as rates went up by four to five times. It was temporary but a fruitful decision,” he said.Korean Air has touted its surprise earnings as a result of CEO Cho Won-tae’s idea to pivot to its cargo business and its “One Team” strategy to see through the pandemic.He came up with the idea to “utilize the cargo compartment of passenger jets and respond to the fluctuating demand” in order to cut down costs and diversify the supply line, according to the airline. As a result, the airline’s freight ton kilometer, which measures freight traffic, rose by over 10 percent in the first half of the year, and 17 percent in the second quarter alone. It led to a 95 percent on-year increase in cargo revenue worth 1.225 trillion won in the second quarter. Cargo volume fell during the first half of this year for other airlines, however, including Cathay Pacific, which saw its cargo capacity drop by 24.6 percent though revenue rose by 8.8 percent and Lufthansa whose FTK in the first half of the year fell by 36 percent.Rotating shifts and government bailouts While other flag carriers around the world have announced large-scale job cuts, both Korean Air and Asiana have also managed to avoid it, in part by putting staff on a rotating schedule. Currently, only 30 percent of some 20,000 Korean Air staff are at work while the rest are on paid leave on a rotating basis. At Asiana, some 4,600 staff including cabin crew have been on paid leave while the rest of its some 10,000 staff rotate on a 15-day basis to squeeze staff spending. Schemes at both airlines are helped by government bailouts worth a total of 3 trillion won which was announced earlier this year. “With air routes across the world being closed, over half of the staff have been on paid and unpaid leave to help survive the aviation crisis,” a source at a major airline said.“Since the impact of the pandemic will continue to threaten the industry in the second half of the year, the government should consider providing more support to retain jobs in aviation safe,” the source added.Such a move, however, has also faced protests. Some of the foreign pilots, for instance, argue they have been subject to discriminatory measures in going on unpaid leaves or having their contracts terminated.What lies ahead? Low-cost carriers are left more vulnerable as they cannot pivot to cargo businesses and have received a drastically smaller amount of government bailouts. Jeju Air, for instance, Korea’s biggest LCC, reported a net loss of 100.6 billion won ($84.4 million) in the April-June period.Full service carriers are in a better position for now, though challenges remain.Some market analysts forecast that both the airlines will continue their relative success in the third quarter. A report from Korea Investment & Securities predicted the airlines will continue to stay in the green as air freight rates will bounce back.“Korean Air appears to be on course to become the only airline in the world whose debt-equity ratio would drop this year,” the report noted. Korean Air recently secured over 1 trillion won through paid-in capital increase, and has plans to secure another trillion won through the sale of its catering and duty free businesses. Professor Hurr predicts competition will rise.“I think the current situation will be temporary as other international airlines see Korean Air and Asiana and try to follow suit,” he said.Korea Investment & Securities’ report notes, however, that financially troubled airlines will take longer to prepare for post-COVID 19.Government bailouts are also running dry as many airlines will no longer get help from September. The Labor Ministry is pushing to extend the funds for another 60 days, with the decision set to be announced next week.Topics :last_img read more

Netherlands’ PWRI emphasises labour criteria in new equity strategy

first_imgThe first relates to carbon dioxide emissions reductions. Under the second, more weight is given to companies that pay a great deal of attention to labour rights and create a working environment that is deemed healthy and safe.In concrete terms the weightings of such companies will be 10 percentage points higher in PWRI’s portfolios than in the MSCI World Index.PWRI developed this new passive equity strategy together with BMO. The two portfolios will be managed by UBS Asset Management and DWS. They will each manage a mandate of €1.5bn, which includes both developed and emerging market investments.“We deliberately opted for two asset managers and will accept the higher costs involved,” said Xander den Uyl, chair of the PWRI board. “The strategy with an emphasis on social criteria is new, so we want to see how it works out for different asset managers. They will each have their own approach in the interpretation of the mandate.”Inclusion portfolioThe two passive equity mandates are positioned within the PWRI’s liquid return portfolio.  The pension scheme also runs an “inclusion portfolio” within its illiquid assets, containing 50 listed companies that have the ambition to hire people with a so-called “longer distance” to the labour market, as per a 2013 agreement between the government, employers and trade unions.The aim is for all companies to have the ‘Social Enterprise Performance Ladder’ hallmark, a quality label that is co-developed by Dutch research organisation TNO. The certificate indicates that a company meets the requirements for social entrepreneurship. In the past two-and-a-half years PWRI has entered into conversations with the 50 companies that are mentioned in their inclusion portfolio, encouraging them to request the label.According to Den Uyl, the number of companies with the quality mark is increasing, albeit too slowly as far as he is concerned.“A complicated factor is that, in order to conduct a good dialogue with a company, coordination often takes place through its HR department, and many companies are not used to this type of contact with shareholders,” he said.The composition of the inclusion portfolio has nevertheless changed little since the start in 2016. PWRI uses a buy-and-hold strategy; the pension fund does not trade actively and only makes adjustments once a year. Dutch pension fund PWRI has developed a passive equity strategy that assigns greater weight in the portfolio to companies that score well on labour rights and health and safety.The €8.7bn pension fund for disabled people working in a sheltered environment has had four equity portfolios up to now. Two of them, for Europe and emerging markets, were actively managed. The other two, for America and the Pacific, had a passive approach.The portfolios were run by various asset managers, selected by BMO Global Asset Management, which is the pension fund’s fiduciary manager.To save costs PWRI will switch to two equity portfolios that are fully passively managed: one for developed and one for emerging markets. Within these portfolios, which have a total size of €3bn, emphasis will be placed on two ESG criteria.last_img read more

Lady Bulldogs Get Sweep Over Lady Eagles In Middle School Volleyball

first_imgThe BMS 7th Grade Volleyball team defeated Jac-Cen-Del 25-18 and 25-19. Kaylie Raver lead the team with 8 aces. Following was Margaret Wilson with 2 aces, Annie Shane, Taylor Blanton, Laura Schwegman, and Sydney Slavin each all had one ace. Kaylin Hinners led the team with 3 kills. Sara Lamping and Renee’ Lecher each had one good hit. Elena Kuisel had great passes. All girls played very well as a team. Their record is 1-1.Courtesy of Bulldogs Coach Megan Werner.The BMS 8th Grade earned their first win of the season against Jac-Cen-Del; 25-7, 25-16. Top servers were Kennedy Westrick with 9 points; including 5 aces.  Isabelle Westerfeld added 8 points with 2 aces. Cayman Werner stepped up with 6 points with 2 aces and Jadyn Harrington and Laney Walsman each had 4 points with 2 aces.  In the front row Werner earned 5 kills. Harrington added 2 kills. While Westerfeld and Tiffany Hawker each had a kill.  Timbre Davies, Samantha Kessens, and Ashlee Cornn all played aggressive in the win. The team is now 1-1.Courtesy of Bulldogs Coach Angie Ehrman.last_img read more

IMCA releases event plan for Super Nationals

first_img*Entry screening – No one who is experiencing Covid-like symptoms will be allowed to enter the venue. It’s also recommended that anyone who has been in contact with another person who has tested positive not attend. Covid-related signage will be located at all event entry points.  Other measures that will be in place to address Covid-19 –related matters and streamline the fan experience at Super Nationals are:  *Hand hygiene – IMCA will provide accessible hand sanitizer to everyone entering the venue. Fans will be encouraged to regularly wash or sanitize their hands.  *Communications and signage – Attendees will receive frequent advance communications outlin­ing policies and procedures, encouraging thoughtful planning and advising those who are sick or at risk to stay home. On-site signage and public address announcements will reinforce health and safety messaging throughout the week of Super Nationals.  IMCA.TV will livestream broadcast of the Saturday night Prelude and Super Nationals, with daily and week-long packages available to viewers at home. BOONE, Iowa – For the 33rd consecutive year, IMCA plans to successfully hold Super Nationals at Boone Speedway and intends to do so this year following all State of Iowa disaster proclama­tions in place at the time of the Sept. 6-12 event. *Physical distancing – Spectators in the seated grandstand will be required to follow the State Proclamation regarding physical distancing. Social distancing will also be encouraged throughout the venue and face coverings will be encouraged in any area where physical distancing is limited (registration and concession lines, restrooms, post-race tech inspection and pit viewing areas).  All race lineups and results will be available online on MyRacePass; MyLaps also provides electronic access to live timing and scoring while an FM transmitter at the track broadcasts the call from the booth by announcers Jerry Vansickel and Ryan Clark.  Grandstand capacity will be reduced by 50 percent with every other row in the seated main grand­stand marked off; the seated grandstand on the pit side will operate at a reduced capacity as well. *Concessions and merchandise – Vending and concession locations will be properly protected, dis­tancing enforced in lines and touchless transactions encouraged wherever possible.center_img All spectator traffic on the catwalks will be made one-way. Spectators will not be allowed to stand two-deep and race teams will be encouraged to watch only events involving their driver to reduce the number of people on the catwalks. To further promote social distancing, a number of activities have been scaled back or eliminated entirely, including what would have been the 31st annual golf tournament. Also canceled were activities in the indoor pit area VIP areas, Tiki Hut, daily vendor and VIP sign-in and registration, all fan zone activities, including autograph sessions and post-race events, and all pre-race tech inspection. “At the end of the day, all the off-track activities are where issues present themselves,” noted IMCA President Brett Root. “From a competitor’s standpoint, we have reduced much of the risk. We are emphasizing to our drivers that we don’t want groups of more than 10 people in a pit area, or people in pit areas where they don’t belong.”  *Cleaning and sanitation – IMCA will follow CDC guidelines for Covid 19 cleaning and disinfect­ing for community facilities. The venue will be cleaned, sanitized and disinfected daily, with fre­quent cleaning of high traffic areas and surfaces each day and throughout the event. *Face coverings – IMCA will provide a free face covering to all competitors and weeklong pit pass holders entering the restricted pit area. All grandstand spectators will be provided access to a free face covering. Face coverings will be recommended throughout the facility.  *Enhanced access restrictions – Access to tech inspection areas and other event operational areas will be greatly reduced or eliminated. All Boone Speedway indoor VIP areas will be closed. The grandstand tower area will be accessible only to Boone Speedway operational staff. A list of daily entry into any of those indoor areas will be kept and provided if contact tracing is requested. In addition, it is recommended everyone on the catwalk wear a face covering; officials reserve the right to require access to the catwalks to those having a face cover.  “All these measures will make a big difference toward a successful event,” Root said. “We expect all fans and drivers to comply and reserve the right to deny access to anyone who does not.”last_img read more

Two die in Abuja robbery, Police arrest suspects at scene

first_imgRelatedPosts Motorcyclist in court over alleged breach of trust, misappropriation Cleric to parents: Pay attention to male children, they are now being sexually abused too Buhari holds closed-door meeting with Ghana’s President The Federal Capital Territory Police Command on Sunday said it arrested two suspects at a robbery scene in Pegi community in Kuje Area Council. The Deputy Police Public Relations Officer of the Command, ASP Mariam Yusuf, disclosed this in a statement in Abuja. She said two victims of the robbery incident died following deep machete wounds inflicted on them by the suspects. Yusuf said the information being circulated on the social media that four persons were killed by bandits/kidnappers in Pegi area was not true. According to her, the suspects were arrested at the scene of the robbery by police operatives attached to Pegi Division. She said the arrest followed a swift response to a distress call from Gbogu Village along Kabi Mangoro Road in Pegi area on Sunday. “Police operatives attached to Pegi Division were instantly deployed to the scene where they apprehended the two suspects and disarmed them,” Yusuf said. She said efforts were being made to arrest one of the suspects, currently at large. Yusuf said the Commissioner of Police in charge of the FCT, Bala Ciroma, had ordered discreet investigation into the incident. She said the command commiserate with the families of the deceased and called on residents to remain calm. Yusuf pledged the commitment of the command to protect lives and property in the FCT.Tags: abujaFCT Police CommandKuje Area CouncilMariam YusufPegilast_img read more

Pardew awaits FA headbutt decision

first_imgNewcastle boss Alan Pardew could learn within 24 hours how the Football Association intends to deal with his headbutt at Hull. Press Association “He immediately realised the serious error, [made] sincere apologies to all parties and obviously [has] deep regret. “It was good to see Steve Bruce’s reaction and Hull accepting [Pardew’s apology], but Alan does need to think hard about how not to put himself in that position again.” Pardew’s misdemeanour comes after another turbulent few months for the Magpies, who look to have turned things around on the pitch with two successive league victories after a run of three defeats. Yohan Cabaye’s sale to Paris St Germain and the decision not to replace him in January were followed by director of football Joe Kinnear’s departure and another derby defeat by Sunderland, leading sections of the club’s support to call for the manager’s head. However, it seems inevitable that the FA will act over a particularly unsavoury incident. Disciplinary chiefs will consider match referee Kevin Friend’s report before deciding what action to take, and it would be no surprise if Pardew was charged before being handed a lengthy touchline ban and another sizeable fine. He and Meyler came into contact as the player chased a ball over the sideline with the home side trailing 3-1. The Newcastle manager reacted angrily and thrust his head towards the midfielder, who confronted him. Players from both sides tried to act as peacemakers and Friend took charge, booking Meyler before sending Pardew to the stands. Pardew later issued an apology, which was accepted by opposite number Steve Bruce, but that cut little ice with his employers, who delivered their punishment hours later. It is not the first time Pardew has become embroiled in a touchline spat, and League Managers Association chief executive Richard Bevan was quick to condemn his behaviour. Bevan told BBC Radio Five Live’s Sportsweek programme: “The buck stops with Alan. It’s unacceptable, it’s inappropriate and it’s insupportable from every perspective, and Alan knows that. The 52-year-old was fined £100,000 and severely reprimanded by the Magpies on Saturday night after clashing with Tigers midfielder David Meyler on the touchline during his side’s 4-1 Barclays Premier League victory at the KC Stadium earlier that day. Press Association Sport understands that, while owner Mike Ashley was furious with his manager, he considers the matter now dealt with and Pardew’s job is not at risk. last_img read more