Business and Financial Engineering is fun but at the end of the day you need money with which to carry out your activities. Here we take a look at the news behind the wheeling and dealing that goes on in this industry. Business and financial engineering news really does make the world go round.
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IRELAND'S TECHNOLOGY sector should reposition itself as a location providing "near-shore" services to European companies that do not want to outsource to India or China.
Jim Champy, a best-selling author on management and outsourcing in particular, who is also chairman of consulting with US IT services firm Perot Systems, made his comments in Dublin yesterday.
But Champy is not one for grand strategies at a country level, or a believer that business strategy should come from government.
"It's about what a group of entrepreneurial companies are doing," says Champy. "The country provides the environment and education resources to support the businesses." |
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Saturday 15 November, 2008 12:06 PM |
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BZ Engineering Briefings provides research and analysis of the pump industry enabling its readers to monitor their competitors and identify new business opportunities. Currently available reports include the Pump Industry Briefing 2008 and the Guide to the Italian Pump Industry.
BZ Engineering Briefings offers two pump industry reports, specially written for pump industry professionals looking to monitor competitor activity and develop new business opportunities.
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Wednesday 12 November, 2008 04:58 AM |
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Although most companies are a little nervous of the future state of the economy and concerned about the very real problems in the banking sector, there is evidence that the engineering sector remains in good shape and ready to weather any future downturn. Companies such as Acro Precision Engineering in Catfield have spent the past ten years investing in unmanned 24 hour machining technology and 3D machining technology, both of which are helping it compete with oversees competition and within the UK. |
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Monday 10 November, 2008 12:59 AM |
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There's little room for error if your company decides to make the transition from a provider of on-premise solutions to a service provider via cloud computing. If you don't take the time to develop reliable services that match the reliability World Class Managed Hosting from PEER 1, Just $299. Click here. of your on-premise offerings, your credibility will suffer -- and customers will lose faith in your ability to deliver on your service promises.
However, done methodically and carefully, cloud computing allows you to bring products and services to market faster, using a delivery method that customers will increasingly demand. (They have their own reasons for preferring the Software as a Service model -- among them, faster implementation times and easy, cost-effective upgrades.) In the traditional packaged software model, you typically reach time to value in six months to one year; in the cloud computing model, time to value is reached in as little as one to six months.
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Monday 3 November, 2008 03:52 AM |
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The mission of NAIRIT is to unite all creators of innovations throughout Russia with the help of the state. More than 300 companies and creative groups from all over Russia have expressed their desire to enter the NAIRIT Association. Membership insures the consolidation of the innovative potential of Russia, the organization and distribution of venture funds to chosen companies and creative groups. |
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Tuesday 21 October, 2008 09:03 PM |
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The recent ISA-IDC report found that the total chip design market is expected to surpass $7.37 billion in 2008, with a huge chunk of revenues coming from embedded software, followed by VLSI design and hardware/board design.
Gartner states that the market for third-party chip design services in India is estimated at about $400 million. Ganesh Ramamoorthy, Principal Research Analyst, Gartner, said, “Gartner estimates that the market will grow by 26% in 2008, year-on-year. Between 2007 and 2012, we expect third-party chip design services market in India to grow at a CAGR of about 22.3%, to reach nearly $830 million by 2012.” |
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Friday 17 October, 2008 10:19 AM |
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Omnitek Engineering Corp . today announced that it began listing on the OTCQX for greater access to the U.S. capital markets.
Omnitek began trading today on PrimeQX, under the ticker OMTK. Investors can find real-time quotes, disclosure and financial information about Omnitek Engineering Corp. at www.otcqx.com.
Omnitek's CEO Werner Funk reports, "We are exited about the move-up to the PrimeQX Trading Market. This is part of our strategy to maximize shareholder value and a great steppingstone to the NASDAQ or AMEX. The added disclosure requirements will result in increased transparency for potential investors, brokers and analysts."
U.S. investment bank, Merriman Curhan Ford, will serve as Omnitek's Designated Advisor of Disclosure ("DAD") on the OTCQX, responsible for providing guidance on the company's OTCQX-listing requirements and arranging a comprehensive suite of U.S. capital markets services.
"Merriman is very pleased to sponsor Omnitek and to serve as their DAD," said Allen Blankenship, Vice President in Merriman's OTCQX Advisory Group. "With our leadership in the advising, financing and trading of small capitalization CleanTech companies, Merriman is uniquely positioned to raise this exciting company's profile amongst investors." |
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Thursday 16 October, 2008 09:08 AM |
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ATA Engineering, Inc ., (ATA), a nationwide provider of innovative, high-value test- and analysis-driven mechanical engineering design solutions, was recognized today as one of the Top Small Workplaces in the United States by the Wall Street Journal and Winning Workplaces, a nonprofit organization that works with small and midsize companies to create better work environments. |
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Tuesday 14 October, 2008 09:35 AM |
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The Central Development Working Party (CDWP) in a two-day meeting that concluded on Saturday approved 47 different development projects worth Rs 50.1 billion including foreign exchange component (FEC) worth Rs 5.8 billion.
This was the second meeting of the CDWP in the current fiscal year 2008-09 and the projects approved will be financed from three-eight years.
Of the total 47 projects, the infrastructure sector has 25 projects while the social sector has 18 projects, besides four other projects.
Planning Commission Deputy Chairman M Salman Faruqui chaired the CDWP meeting.
In the transport and communication sector, 18 projects were approved by the CDWP mainly to provide modern and safe travel to the general public. |
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Sunday 12 October, 2008 01:16 PM |
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The Brainstorm is a new section of Product Design & Development where we talk with industry leaders to get their perspective on issues critical to the overall design engineering marketplace. In this issue, we ask:
Should the U.S. employ RoHS-like standards for imported products?
Regulatory officials in the U.S. would have a hard time justifying RoHS-like thresholds for imported products only because a standard that applies just to foreign-made products would constitute a serious barrier to trade for overseas manufacturers. Furthermore, it would imply that products manufactured in the U.S. are held to a lower standard of “safety” than imported products. This is not the kind of message consumers expect to hear from our government.
On the other hand, it’s clear now that the European RoHS thresholds are becoming a de facto global standard, influencing markets far beyond the EU. If the U.S. does not address this trend, it could find itself a “dumping ground” for products that can no longer be sold elsewhere as more and more countries adopt a RoHS approach. From this standpoint, standards on imported products could serve to protect consumers while simultaneously encouraging domestic manufacturers to develop “greener” products as a means to compete. |
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Tuesday 7 October, 2008 01:51 PM |
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While many eyes are trained on Mountain View for the official release of the new G1/Android phone from Google and T-Mobile, I got an insight into Google’s design process from the company’s VP of Product Management, Sundar Pichai, and Group Product Manager, Brian Rakowski. These two spearheaded the launch of Chrome, a browser I’m truthfully still getting used to, but whose design certainly adheres to the company’s overarching philosophy of superficial simplicity disguising sophisticated functionality (for an indepth look at Chrome’s development, check out this really fine Wired article by Steven Levy.)
A problem that has beset engineering and technology-driven companies in the past is the disconnect between its various departments. Engineers dictated what should be done thanks to what could be done, technologically speaking. They then handed the ideas over to designers who were charged with making sense of it all. The disconnect often resulted in poor products, annoyed engineers and frustrated designers (and, ultimately, often, displeased CEOs.) |
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Thursday 25 September, 2008 10:52 AM |
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People tend to think of lower-cost IT services -- and not "innovation" -- when Indian outsourcer Wipro Technologies' name is mentioned. So, it may come as a surprise that $1 billion, or about a quarter of Wipro's revenue last year, was generated through R&D services -- including designing semiconductors, automobile parts, and a variety of electronic devices. Looking ahead, Wipro says those R&D services will become an even bigger chunk of the company's business.
The Indian R&D services market is expected to grow from $5 billion last year to $40 billion in 2020, according to Sachin Mulay, Wipro general manager, citing figures from a study by Indian software industry organization, Nasscom.
Wipro is currently "the largest third-party R&D services company in the world," says Mulay in an interview this week with InformationWeek. And "R&D is the next big thing in India," he says.
R&D isn't exactly new at Wipro, it's been providing R&D services for about 25 years, Mulay says. However, Wipro's revenue from this business has been growing nicely lately, at about 30% annually. While the company won't provide "forward looking statements," it does anticipate it will continue to be a major player as the third-party R&D market in India grows eightfold over the next decade or so, he says.
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Wednesday 24 September, 2008 10:22 AM |
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THE depth of opportunity in the murky waters of the ‘ultra deep’ sub-sea sector are fathomless, but most Teesside companies are still playing the shallows of the subsea sector.
That’s according to chief executive of NOF Energy , George Rafferty, who describes the sector as the new ‘sunrise’ industry.
While some, including Darlington sub-sea specialist CTC Marine, Hartlepool-based JDR Cables, and Sonhoe at Wilton are developing revolutionary technologies and exploiting as yet untapped energy resources that are getting more precious by the minute, others have yet to capitalise on lucrative opportunities presented by projects taking place as much as 10,000ft below the surface of the big blue.
It’s not without its risks, while the challenges it presents to technology are daunting. But the rewards are immense. In just two years since Sub-sea North-east, a cluster of private companies, formed under the umbrella of NOF in 2006, its importance to the region has grown from a £500m economic engine to a £1bn super-sub.
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Wednesday 24 September, 2008 03:05 AM |
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Due to the subprime crisis in the US, the banking and financial services segment has turned into a bane from a boon for most Indian IT companies.
While the conditions in the West do not seem like they will improve in a hurry, there are some good investment opportunities in the domestic IT space, investors can consider. Once such company is Hyderabad-based Infotech Enterprises , which provides engineering design (ED) and geospatial information system (GIS) services, besides regular IT services.
The ED segment, which accounts for 63 per cent of the company’s total revenue, services clients in the engineering, manufacturing and industrial products fields. GIS on the other hand caters to clients in the utilities, telecom and government space.
The company has organically grown its revenues and net profits at a CAGR of 38 per cent and 47 per cent, respectively over the last three years and is now looking for strategic acquisitions to fuel its future growth.
Infotech’s foray in new verticals in the ED segment is a positive as it will derisk its revenue model over a period of time. Product development programmes have become increasingly important for manufacturing companies and they cannot afford to classify them as discretionary, making Infotech’s business sticky in nature and relatively insulated from the current global slowdown.
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Tuesday 23 September, 2008 03:37 AM |
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General Electric Co.'s nuclear venture with Hitachi Ltd. asked the U.K. to temporarily halt the process of assessing the company's latest reactor design and will focus its efforts on getting U.S. approval instead.
GE-Hitachi requested the suspension of the assessment of its so-called Economic Simplified Boiling Water Reactor and will now focus its resources on a design certification process in the U.S., spokeswoman Elizabeth Kuronen said today by phone from Wilmington, North Carolina.
The U.K.'s Nuclear Installations Inspectorate, the regulator for the industry, has been assessing GE-Hitachi's reactor design alongside the latest designs of Areva SA and Toshiba Corp.'s Westinghouse Electric since July 2007. The government wants new reactors to replace older atomic facilities and coal-fired plants. |
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Thursday 18 September, 2008 10:33 AM |
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Work on more than 150 projects across the GCC is currently on hold, according to statistics released by companies monitoring construction projects.
The UAE accounts for the largest number of the projects, followed by Saudi Arabia, Qatar and Kuwait. However an industry expert says the phenomenon is simply part of a global trend.
Some of the most common reasons cited for putting projects on hold are a failure to obtain approval for designs, disputes between contractors and developers over payment and delivery, design changes and the rising cost of materials.
Other reasons include site changes, investors backing out, sale of projects to other users, premature announcement of project details, information leaks before the finalisation of design details and a lack of water and electricity connections.
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Thursday 18 September, 2008 02:32 AM |
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It is 1am and Ashok Alange prays for a safe trip , lighting incense sticks before the miniature statue of the Hindu elephant god Ganesh that he keeps fixed to his truck’s dashboard.
His second driver, Hanmunt Sagar, climbs aboard the locally made Eicher 9-tonne vehicle, which is laden with cans of paint and chemicals. Together they begin the journey from the yard of Patel Integrated Logistics, in Thane near Mumbai in Maharashtra state, to Ahmedabad, the capital of neighbouring Gujarat. |
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Tuesday 1 July, 2008 01:41 PM |
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Irish companies need to do more to identify expansion opportunities in other markets, raising the prospect of an increasing number of Irish people working abroad according to Stephen Hughes, director of northern European markets for Enterprise Ireland (EI).
‘‘Ireland Inc is shooting itself in the foot by not being in some markets,” he said.
‘‘France, for example, is not a difficult market to get into. There are 51 clusters of industry there and the scale of opportunity is huge - you just need to know how to access it. Scandinavia is open to niche players like technology companies. The Dutch, as masters of trade, are amenable to all and Benelux is a logical progression after Britain,” he said. |
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Monday 30 June, 2008 03:08 AM |
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FOLLOWING a period of robust economic growth (2004-7), with real GDP growth averaging 5.1% per annum, the SA economy became (almost by stealth) engulfed in what can realistically be described as a ‘perfect storm’. The three most prominent exogenous ‘headwinds’ include:.......
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Friday 27 June, 2008 03:11 PM |
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The majority of Canadian manufacturers responding to a new Deloitte survey paint a positive picture of their experiences with the North American Free Trade Agreement (NAFTA). Yet they struggle to remain competitive globally as the lack of competitiveness of production activity in Canada remains the industry's Achilles heel. |
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Thursday 26 June, 2008 07:36 AM |
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Saudi Basic Industries Corporation (SABIC) and China Petrochemical Corporation (SINOPEC) signed on Saturday, June 21, 2008 in Jeddah, a strategic cooperation agreement to expand the scope of partnership at Tianjin industrial complex, China, currently under construction.
The agreement signed during the visit of Chinese Vice President Xi Jinping is designed to expand the heads of agreement (HOA) signed by the two companies on Jan 31, 2008, whereby SABIC will have 50% of the Tianjin complex joint venture together with a feasibility for adding a new product (polycarbonates) by using raw materials produced at the complex based on SABIC Innovative Plastics technology. |
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Monday 23 June, 2008 07:15 AM |
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