Tag Archives: economics

KAIST (Korea Advanced Institute of Science and Technology) will lead an Ideas Lab at 2016 World Economic Forum

The theme for the 2016 World Economic Forum (WEF) is ‘Mastering the Fourth Industrial Revolution’. I’m losing track of how many industrial revolutions we’ve had and this seems like a vague theme. However, there is enlightenment to be had in this Nov. 17, 2015 Korea Advanced Institute of Science and Technology (KAIST) news release on EurekAlert,

KAIST researchers will lead an IdeasLab on biotechnology for an aging society while HUBO, the winner of the 2015 DARPA Robotics Challenge, will interact with the forum participants, offering an experience of state-of-the-art robotics technology

Moving on from the news release’s subtitle, there’s more enlightenment,

Representatives from the Korea Advanced Institute of Science and Technology (KAIST) will attend the 2016 Annual Meeting of the World Economic Forum to run an IdeasLab and showcase its humanoid robot.

With over 2,500 leaders from business, government, international organizations, civil society, academia, media, and the arts expected to participate, the 2016 Annual Meeting will take place on Jan. 20-23, 2016 in Davos-Klosters, Switzerland. Under the theme of ‘Mastering the Fourth Industrial Revolution,’ [emphasis mine] global leaders will discuss the period of digital transformation [emphasis mine] that will have profound effects on economies, societies, and human behavior.

President Sung-Mo Steve Kang of KAIST will join the Global University Leaders Forum (GULF), a high-level academic meeting to foster collaboration among experts on issues of global concern for the future of higher education and the role of science in society. He will discuss how the emerging revolution in technology will affect the way universities operate and serve society. KAIST is the only Korean university participating in GULF, which is composed of prestigious universities invited from around the world.

Four KAIST professors, including Distinguished Professor Sang Yup Lee of the Chemical and Biomolecular Engineering Department, will lead an IdeasLab on ‘Biotechnology for an Aging Society.’

Professor Lee said, “In recent decades, much attention has been paid to the potential effect of the growth of an aging population and problems posed by it. At our IdeasLab, we will introduce some of our research breakthroughs in biotechnology to address the challenges of an aging society.”

In particular, he will present his latest research in systems biotechnology and metabolic engineering. His research has explained the mechanisms of how traditional Oriental medicine works in our bodies by identifying structural similarities between effective compounds in traditional medicine and human metabolites, and has proposed more effective treatments by employing such compounds.

KAIST will also display its networked mobile medical service system, ‘Dr. M.’ Built upon a ubiquitous and mobile Internet, such as the Internet of Things, wearable electronics, and smart homes and vehicles, Dr. M will provide patients with a more affordable and accessible healthcare service.

In addition, Professor Jun-Ho Oh of the Mechanical Engineering Department will showcase his humanoid robot, ‘HUBO,’ during the Annual Meeting. His research team won the International Humanoid Robotics Challenge hosted by the United States Defense Advanced Research Projects Agency (DARPA), which was held in Pomona, California, on June 5-6, 2015. With 24 international teams participating in the finals, HUBO completed all eight tasks in 44 minutes and 28 seconds, 6 minutes earlier than the runner-up, and almost 11 minutes earlier than the third-place team. Team KAIST walked away with the grand prize of USD 2 million.

Professor Oh said, “Robotics technology will grow exponentially in this century, becoming a real driving force to expedite the Fourth Industrial Revolution. I hope HUBO will offer an opportunity to learn about the current advances in robotics technology.”

President Kang pointed out, “KAIST has participated in the Annual Meeting of the World Economic Forum since 2011 and has engaged with a broad spectrum of global leaders through numerous presentations and demonstrations of our excellence in education and research. Next year, we will choreograph our first robotics exhibition on HUBO and present high-tech research results in biotechnology, which, I believe, epitomizes how science and technology breakthroughs in the Fourth Industrial Revolution will shape our future in an unprecedented way.”

Based on what I’m reading in the KAIST news release, I think the conversation about the ‘Fourth revolution’ may veer toward robotics and artificial intelligence (referred to in code as “digital transformation”) as developments in these fields are likely to affect various economies.  Before proceeding with that thought, take a look at this video showcasing HUBO at the DARPA challenge,


I’m quite impressed with how the robot can recalibrate its grasp so it can pick things up and plug an electrical cord into an outlet and knowing whether wheels or legs will be needed to complete a task all due to algorithms which give the robot a type of artificial intelligence. While it may seem more like a machine than anything else, there’s also this version of a HUBO,

Description English: Photo by David Hanson Date 26 October 2006 (original upload date) Source Transferred from en.wikipedia to Commons by Mac. Author Dayofid at English Wikipedia

Description
English: Photo by David Hanson
Date 26 October 2006 (original upload date)
Source Transferred from en.wikipedia to Commons by Mac.
Author Dayofid at English Wikipedia

It’ll be interesting to note if the researchers make the HUBO seem more humanoid by giving it a face for its interactions with WEF attendees. It would be more engaging but also more threatening since there is increasing concern over robots taking work away from humans with implications for various economies. There’s more about HUBO in its Wikipedia entry.

As for the IdeasLab, that’s been in place at the WEF since 2009 according to this WEF July 19, 2011 news release announcing an ideasLab hub (Note: A link has been removed),

The World Economic Forum is publicly launching its biannual interactive IdeasLab hub on 19 July [2011] at 10.00 CEST. The unique IdeasLab hub features short documentary-style, high-definition (HD) videos of preeminent 21st century ideas and critical insights. The hub also provides dynamic Pecha Kucha presentations and visual IdeaScribes that trace and package complex strategic thinking into engaging and powerful images. All videos are HD broadcast quality.

To share the knowledge captured by the IdeasLab sessions, which have been running since 2009, the Forum is publishing 23 of the latest sessions, seen as the global benchmark of collaborative learning and development.

So while you might not be able to visit an IdeasLab presentation at the WEF meetings, you could get a it to see them later.

Getting back to the robotics and artificial intelligence aspect of the 2016 WEF’s ‘digital’ theme, I noticed some reluctance to discuss how the field of robotics is affecting work and jobs in a broadcast of Canadian television show, ‘Conversations with Conrad’.

For those unfamiliar with the interviewer, Conrad Black is somewhat infamous in Canada for a number of reasons (from the Conrad Black Wikipedia entry), Note: Links have been removed,

Conrad Moffat Black, Baron Black of Crossharbour, KSG (born 25 August 1944) is a Canadian-born British former newspaper publisher and author. He is a non-affiliated life peer, and a convicted felon in the United States for fraud.[n 1] Black controlled Hollinger International, once the world’s third-largest English-language newspaper empire,[3] which published The Daily Telegraph (UK), Chicago Sun Times (U.S.), The Jerusalem Post (Israel), National Post (Canada), and hundreds of community newspapers in North America, before he was fired by the board of Hollinger in 2004.[4]

In 2004, a shareholder-initiated prosecution of Black began in the United States. Over $80 million in assets claimed to have been improperly taken or inappropriately spent by Black.[5] He was convicted of three counts of fraud and one count of obstruction of justice in a U.S. court in 2007 and sentenced to six and a half years’ imprisonment. In 2011 two of the charges were overturned on appeal and he was re-sentenced to 42 months in prison on one count of mail fraud and one count of obstruction of justice.[6] Black was released on 4 May 2012.[7]

Despite or perhaps because of his chequered past, he is often a good interviewer and he definitely attracts interesting guests. n an Oct. 26, 2015 programme, he interviewed both former Canadian astronaut, Chris Hadfield, and Canadian-American David Frum who’s currently editor of Atlantic Monthly and a former speechwriter for George W. Bush.

It was Black’s conversation with Frum which surprised me. They discuss robotics without ever once using the word. In a section where Frum notes that manufacturing is returning to the US, he also notes that it doesn’t mean more jobs and cites a newly commissioned plant in the eastern US employing about 40 people where before it would have employed hundreds or thousands. Unfortunately, the video has not been made available as I write this (Nov. 20, 2015) but that situation may change. You can check here.

Final thought, my guess is that economic conditions are fragile and I don’t think anyone wants to set off panic by mentioning robotics and disappearing jobs.

Realism strikes nanotechnology market and employment forecasts

There’s been a new kind of market forecast for nanotechnology kicking around lately. Instead of predicting market values in the trillions, the prediction is in the billions. There’s an item on Nanowerk about this new report,

It therefore is quite refreshing to finally see a market report titled “Nanotechnology: A Realistic Market Assessment” that estimates the worldwide sales revenues for nanotechnology to be $26 billion – yes, that’s illion with a b, not a tr – in 2015.

According to this report, the largest nanotechnology segments in 2009 were nanomaterials, with sales reaching $9 billion in 2009. This is expected to grow to more than $19 billion in 2015. Sales of nanotools, meanwhile, will experience high growth. From a total market revenue of $2.6 billion in 2009, the nanotools segment will increase at a 3.3% CAGR to reach a value of $6,812.5 million in 2015.

These numbers seem more realistic given the commentaries and critiques I’ve seen from more knowledgeable business analysts than me. (There’s more about the report and links to it and other related articles at Nanowerk.)

On the same track, I came across an August 10,2010 posting by Dexter Johnson (Nanoclast) on employment figures for the ‘nanotechnology industry’. From the posting ((Nanotech Employment Numbers Remain Inscrutable),

On the one hand, you have the ever-optimistic viewpoint of Mihail C. Roco, a senior adviser for nanotechnology at NSF [National Science Foundation], who helped develop the numbers back in 2000 that estimated that by 2015 2 million workers worldwide, and 800,000 in the US, would be needed to support nanotechnology manufacturing. According to Roco, we’re still on target with estimates that in 2008 there were 160,000 workers in nanotechnology, representing a 25% increase between 2000 and 2008. If that same percentage increase is applied to the years from 2008 to 2015, then you would get 800,000 by 2015 in Roco’s estimates.

As satisfying as it may be to be dead-on accurate with one’s projections, one cannot help be reminded of Upton Sinclair’s quote “It is difficult to get a man to understand something when his job depends on not understanding it.” If you are given the task of predicting the unpredictable you have to stick to the methodology even when it hardly makes sense.

Dexter is providing commentary on an article by Ann M. Thayer in Chemical and Engineering News, Filling Nanotech Jobs. In the wake of the US National Nanotechnology Initiative’s (NNI) 10th anniversary this year, Thayer unpacks some of the numbers and projections about nanotechnology’s economic impacts. It is sobering. From the article,

Ten years down the road, and with 2015 just over the horizon, it’s clear that the hype has died down and investment momentum has slowed. Although U.S. government nanotech spending under NNI has totaled nearly $12 billion, according to market research firm Lux Research, the recession has further blunted demand for nanomaterials, slowed technology adoption, and reduced its market projections. Many small firms have closed their doors, and some state nanotech initiatives have stalled.

Beyond the likely effect of the economic downturn on employment, efforts to train a nanotech workforce face other uncertainties. The technology has moved into products and manufacturing, but it is still early in its commercial development path. And while it evolves, it must compete for government and investor attention from newer emerging technologies.

Much of the article focuses on educational efforts to support what was intended as a newly emerging and vibrant nanotechnology field. From Thayer’s article,

Reviews of NNI by the President’s Council of Advisors on Science & Technology and others have recommended improving coordination around education and workforce issues. Often near the top of the list is a call for increased participation by the Departments of Labor and Education, agencies new to NNI in 2006, to provide input and help strengthen efforts.

“This should be the next major step,” Roco agrees. “NSF has created a spectrum of methods and models in education, and now these need to be implemented at a larger scale.” He and others in government are counting on the Commerce Department to help assess industry needs and point universities in the right direction.

But the path forward is unclear, in part because the funding environment is in flux. For example, funding that jump-started some of the early nanotech centers, such as NCLT [National Center for Learning & Teaching], has ended, and the centers must recompete or find other ways to sustain their operations.

Education, like any business, responds to market needs. Murday [[James S. Murday, associate director in the University of Southern California’s Office of Research Advancement] supposes that nanoscience education could mirror the materials science field, which came together under government investment in the 1960s. “It’s sort of an existence proof in the past 50 years that you don’t have to be bound by the old disciplines,” Murday says. Instead of getting hung up on what nanotech is or isn’t, “maybe we ought to focus on what we really want, which is new products and figuring out how to design our educational system to make the fastest progress,” he suggests. [emphasis mine]

‘Designing an educational system to make the fastest progress’ as per Murday reeks of the Industrial Revolution. After all, the reason for near universal literacy was that industry in the name of progress needed better educated workers. But that’s a side issue.

What this whole discussion brings up is a question of strategy. The easiest comparison for me to make is between the US and Canada. As I’ve noted before (my Aug. 2, 2010 posting), the US has poured a lot money, time, and energy in a very focused nanotechnology strategy, e.g. NNI,  whereas in Canada, the nanotechnology effort has largely been rolled into pre-existing programs.

At this point, it’s impossible to say if there’s a clear cut right or wrong strategy, as Dexter points out, the people who made and continue to make the projections and decide strategy have a vested interested in being proved right.

Butterfly wings inspire nanotechnology; Canadian nanoscience and business breakthrough?; Visible Verse

The iridescence and colours that you see on butterflies and other insects result from  nanoscale structures not pigment as was believed previously. From a news item on Azonano,

Insects’ colours and their iridescence (the ability to change colours depending on the angle) or their ability to appear metallic are determined by tiny nano-sized photonic structures (1 nanometre=10-9 m) which can be found in their cuticle. Scientists have focused on these biostructures to develop devices with light emitting properties that they have just presented in the journal Bioinspiration & Biomimetics.

A joint team of researchers from the State University of Pennsylvania and the Universidad Autonoma de Madrid have developed a new technique for replicating these structures. From another news item on Azonano about the same research,

Up to now, the methods used to replicate biostructures on a nanometric scale have been limited, often damaging the original biostructure because of the high temperatures and toxic, corrosive substances that were applied.

The new method uses a normal temperature and avoids toxins.

Potential uses for this material (if and when it comes to market) include covers that maximize solar light cell absorption and optical diffusers, as well as, other optically active structures. What I found most intriguing is that the scientists have replicated the colours and iridescence that we see on butterfly wings and insects. I would imagine then that these structures will be quite beautiful (assuming the materials retain those properties at sizes much larger than butterflies and insects) and the aesthetics could help to increase consumer interest in solar cells.

There’s an interesting article (Canada strikes nanotech gold)  in Canadian Business by Rosie Lombardi about FP Innovations and a new material, NanoCrystalline Cellulose, which the company is readying for the market. I suspect FP could stand for ‘forest products although I couldn’t confirm it from viewing their website although the company tag line is highly suggestive, Creating forest sector solutions.

From the article,

Although the concept of NCC has been around for decades and its source — any kind of tree — is abundant, Berry and his team have cracked the code in developing a process to produce large-scale quantities economically.

NCC has many unusual properties, in addition to having all the biodegradable attributes associated with its cellulose source.  Materials scientists are in awe of NCC’s extraordinary potential due to its strength, optical properties, conductivity, reactivity, self-assembling, anti-microbial, self-cleaning and bio-compatibility characteristics. “NCC is beautiful,” says Orlando Rojas, chair of the American Chemical Society.

Design plans for a plant have been developed by NORAM Engineering +  Constructors,  a Vancouver-based company, and three Canadian forestry companies are currently vying for the right to host the federally-funded facility (competition results should be announced by the end of 2009).

Why all the excitement from forest companies? From the article,

But it’s hard-nosed economic imperatives, not just green goodwill, that are driving the battered forestry sector to pour millions into research for new products that may ensure its survival.

Over the past two years, the Canadian forestry sector lost 50,000 jobs and more than 250 mills closed or suspended operations, according to Avrim Lazar, CEO of the Forest Products Association of Canada.

The sector has been bleeding red ink since 2006, says Craig Campbell, leader of the Canadian forestry group at PricewaterhouseCoopers. “It’s been hard hit by the sub-prime mortgage crisis. Most of our lumber goes to the U.S. but housing starts were down 75% last winter. And newsprint is another key area: demand has been contracting every quarter since 9/11.”

As a result, the forestry industry is looking to transform itself by switching its focus beyond tissue paper and two-by-fours to producing higher-value materials with advanced technology.

I’ve commented before about Canadians being seen as ‘drawers of water and hewers of wood’ and so I find this development is very much in line with our history.  From the article,

Having conquered the science and start-up issues, Canadian researchers now have yet another mountain to climb. The real hurdles in developing NCC’s potential lie in economics, and the complicated realm of working with other industries outside the familiar confines of the forestry sector to develop new industrial applications.

To facilitate cross-industry development, a new R&D network called ArboraNano was set up this year through Industry Canada’s Business-led Centres of Excellence program. The initiative received $8.9 million in funding over four years, and is working with industry partners such as Bell Helicopter and Kruger, and scientists at McGill and other universities to develop and test new materials made with NCC for various industries.

Canada is doing a lot of things right, says Jones. [Phil Jones, Atlanta-based director of new ventures at IMERYS Mineral Ltd.] “Supporting the application development side is the critical bit. People talk about the valley of death: university guys spin out ideas, and then industry has to commercialize them. But that part is enormously expensive, and the five-year payback is usually low. Anyone in industry doing this is punished by Wall Street.”

I think Canadians support companies through their ‘valley of death’ stage quite well. We just don’t grow the companies afterward; we sell them, which contributes in part to the lack of  industrial innovation in Canada. No company gets big enough to support a large industrial laboratory.

Kudos to Rosie Lombardi for an exciting and hopeful article. Do read the article, there’s a lot I couldn’t include here.

My nitpicks have nothing to do with the writer but I would like to have seen some information about health and safety and environmental issues as per NCC production and some scientific information about NCC. I expect the magazine, Canadian Business, does not encourage forays into topics that are not usually considered part of the business scene but if business is based on economics, then health, safety, and environmental concerns are important and ignored economic issues in many business magazines. As for more science information, I have to admit that’s my personal preference.

Heather Haley’s annual videopoetry festival, See the Voice: Visible Verse 2009 will take place on November 19, 2009, 7:30 pm at Pacific Cinematheque (1131 Howe St., Vancouver, Canada). You can read more about the festival here. This year, in addition to the short videos, the festival features a live performance by Gabrielle Everall from Australia.

Is science superior?

In yesterday’s posting (Oct. 29, 2009), I started to dissect a comment from Bruce Alberts’ (keynote speaker) speech at the Canadian Science Policy Conference that’s taking place this week in Toronto (find link to conference in yesterday’s posting). He suggested that more scientists should be double-trained, e.g. as scientist-journalists; scientist-lawyers; etc. He also pointed to China as a shining example of how scientists and engineers can be integrated into the government bureaucracy and their use of scientific methods to run their departments.

Speaking as someone who is fascinated by science, I am taken aback.  Science and scientists have done some wonderful things but they’ve also created some awful problems. The scientific method in and of itself is not perfect and it cannot be applied to all of life’s problems. Let’s take for example, economics. That’s considered a science and given the current state of the world economy, it would seem that this science has failed. The former head of the US Federal Reserve, Alan Greenspan, admitted that in all his figurings he failed to take into account human nature. That’s a problem in economics–all those beautiful algorithms don’t include behaviour as a factor.

Even sciences that study behaviour, social sciences, have a far from perfect understanding of human behaviour. Marketers who draw heavily from the social sciences have yet to find the perfect formula for selling products.

As for China appointing a world-renown molecular biologist (Chen Zhu) as their Minister of Health, I hope he does well but it won’t be because he has applied the techniques and managements skills he’s used successfully in laboratories. In medicine, any clinician will tell you that there’s a big difference between the results from research done in a laboratory (and in controlled human clinical trials) and the outcome when that research is applied to a general population. As for management skills, directing people who have similar training is a lot easier than directing people who have wildly dissimilar educational backgrounds and perspectives. (Professional vocabularies can provide some distinct challenges.)

I guess it’s the lack of humility in the parts of the speech Rob Annan (Don’t leave Canada behind blog) has posted that troubles me. (I’ve been to these types of conferences and have observed this lack on previous occasions and with different speakers.)

As for scientists becoming double-trained, that’s not unreasonable but I think it should go the other way as well. I think science and scientists have something to learn from society. What Alberts is describing is an unequal relationship, where one form of knowledge and thought process is privileged over another.

I’ll get started on Day 2 of this conference (Preston Manning was one of the keynote speakers) on Monday, Nov. 2, 2009.

Finland, Canada, innovation, and risk taking

In Konrad Yakabuski’s article (I started commenting on it yesterday), Canada’s innovation gap, Finland is held up as an example of where innovation has fueled economic success. In yesterday’s posting I included quotes from the article which outline some historical reasons why the Finnish have embraced innovation. Now it’s Canada’s turn.

Yakabuski mentions Harold Adams Innis (an influential professor of political economy at the University of Toronto) and his work,

The staples theory was originally developed in the 1920s by historian Harold Innis to explain Canada’s development as a provider of valuable raw resources – initially fish and fur – to the British Empire. …

Though the staples theory seemed outdated as Nortel rose to prominence and Ontario’s auto sector grew to overtake Michigan’s, it has been revived recently by economists to explain the slide back into resource dependence. Raw or lightly processed resources declined steadily as a share of Canada’s exports between 1960 and 2000, falling by half from 90 per cent to about 45 per cent. But since the beginning of this decade, their share of exports has risen dramatically to 65 per cent in 2008, according to new research by Canadian Auto Workers economist Jim Stanford.

Not everyone buys this picture of Canada’s role as a “drawer of water and hewer of wood.” Preston Manning, former politician and leader of the Reform Party of Canada (which later merged into the Progressive Conservative Party) doesn’t. In his May 27, 2009 speech, Stimulating an Ailing Economy: The Crucial Role of Science, Technology and Innovation, at the Public Policy Forum’s Science Day in Canada he suggests that Canada’s founding was more than just a vision of uniting British North American Colonies into a single country.

From Manning’s speech,

But what few of us fully appreciate is that there was also a science-based dimension to that story and vision. A generation earlier the leaders and people of those same British North American colonies launched a scientific endeavour which was to contribute as much to the building of Canada as the BNA Act and the Canadian Pacific Railway. It was called the Geological Survey of Canada and began with a £1500 grant from the legislature of the United Colony of Canada to carry out a geological survey of its territory.

Why do I make reference to the historical role of the Geological Survey of Canada (which still exists today) in the formation of Canada? Because it reminds us that the Fathers of Confederation recognized that scientific investigation, and the technologies, innovations, and economic activities which flowed from it, had a vital role to play in the realization of the national vision. And if that was true in their day and generation, when many aspects of scientific investigation and technology were in their infancy, surely it is even more true today in an age when the scientific method has become the principal approach to problem solving and where science based technologies have become the principal drivers of the modern knowledge based economy.

Given the current emphasis on funding scientific and technological infrastructure over research and development (see Rob Annan’s postings on Don’t leave Canada behind for many examples including this one on Arctic research stations) I think we’re not taking risks, which is an essential element of innovation.

Finland is not an economic miracle right now, nor is Nokia. According to a June 30, 2009 statement from Finland’s Minister of Economy, the country is moving towards an 11% unemployment rate and as much as a 7% contraction in its economy. Nokia which has had economic woes since last fall, announced (April 16, 2009) that its earnings plummeted 90% year to year. Buying the Nortel division (mentioned in Yakabuski’s article) is a gutsy move and contrasts strongly with how Canadian business is dealing with the current economic uncertainties.