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When can we use Nanotechnology in real life?

Nanotechnology is a mysterious subject. Although we have been using it in our daily lives but little do we know the actual usage. It is something that we cannot see with our naked eyes or the presence of which we are even not aware of. However, nanotechnology is being extensively used in the field of medicine, consumer products, and food industry.

There are several other fields where this technology is being used but very few are actually aware of. In fact, so powerful is the concept that it has not been fully tapped into and still requires extensive research. So, the application we see these days is only a fraction of what we have utilized of nanotechnology. The subject is still being extensively studies and its varied applications are still being assessed.

Few of the areas where this technology is being utilized widely include the following-

  • Medicine

Research is underway in which scientists are trying hard to develop particles that will carry drugs directly to the cells that are diseased. This development will particularly benefit the patients that undergo chemotherapy in which even the healthy cells in the human body are killed. The incidence of this damage will greatly be reduced.

  • Electronics

Nanotechnology is also used to enhance the performance of electronic devices simultaneously minimizing the consumption of power.

  • Food processing industry

Right from the time any food is developed or grown to the time it is packaged, nanotechnology has played an instrumental role in this field. Thoughts are underway also to prepare healthy food products and increase its nutritional value with the help of this technology.

  • Solar generated cells

It has been observed that conventional solar energy is expensive as compared to solar cells. As such companies are planning to develop nanotechnology driven solar cells that will cost less and can be used for various purposes.

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  • Fuel generated cells

Fuel cells are used in the production of hydrogen ions. And in the production catalysts are used. With the help of nanotechnology, efforts are being made to reduce the cost of catalysts that are used in the production of hydrogen ions with fuel cells.

  • Space

Research is underway in which scientists are trying hard to develop spaceship so that human beings are able to travel to space in future. This will make space flight easier and attainable.

  • Quality of Air

In order to get better air quality, nanotechnology is being used these days. This technology is utilized in improving the performance of catalysts that are made use of in the transformation of vapors given out by industrial plants and vehicles and convert them into less harmful gases.

  • Chemical sensors

Small amount of vapors can be detected by sensors that are enabled by nanotechnology. Elements that are used in nanotechnology enabled sensors include zinc oxide nano wires, palladium nano particles, and carbon nanotubes.

The above instances indicate that nanotechnology is already being used in a number of areas and we are already reaping the benefits of the same.

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Is warp drive a real possibility?

Science-fiction lovers have long been captivated by this concept of warp drive, which owed much of its popularity to the television series Star Trek. Till date, this concept hasn’t achieved sufficient grounds to gage an actual scientific possibility.

What is warp drive?

In case we hope to go beyond our solar system and step on to other planets, then we’ll need to design a system that enables us to reach our targeted positions at a quicker pace than the pace of light.

Einstein’s theory of relativity assumes that it’s not possible for mass to cover a distance at speeds faster than light; however it assumes such a possibility in relation to the medium, which is space-time.

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Currently, our knowledge of physics enables space-time to move at lightening fast pace that knows no limits. It might require us to design a spacecraft that would remain static and compel the space surrounding the craft to pull it with immense speeds; it might seem as if you’re riding an enormous wave on the heart of the ocean.

Past efforts in developing a warp drive

We’ve always observed this warp driving concept in terms of theories; it exists only in the form of a series of computer simulations and equations. These simulations will count upon a spacecraft worth the shape of a football to be linked to a certain kind of ring that distorts the space surrounding the spacecraft. A contraction of the space ahead of this space craft will push the spacecraft forward, while the space behind it stretches to lead the spacecraft in a pre-decided direction.

It is not yet known how such distortions are generated on a big scale to warp time-space surrounding the whole spacecraft; we’ll even need to know the right composition of the ring that develops such distortions.

The energy required to generate these distortions in certainly the sticking point till date. The availability of technology is still not sufficient to make up for generation of such volume of power. It holds well even on a theoretical ground.

New designs

All of us are still quite hopeful. The right answer often lies within a modified design derived from the older ring. The craft won’t need so much of energy behind it once the design gets corrected; the need of energy could drop further if it’s possible to oscillate the contraction and expansion. Such a reduction could have a dramatic impact on your mind.

Latest predictions regarding the energy consumption of a system like this one would go against the entire annual power consumption of the world. Although it might seem awful to some of us, it’s certainly a lot cheaper than the amount spent over power consumption of the previous designs.

What’s more important in the end is that the design could be refined more to lower the power consumption in order to make it look appropriate for developing a warp drive like this one. As of now, the energy generating technology is beyond our reach; we’re gradually getting nearer to following a distant ray of hope.

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Great innovators of the 21th century

Innovation is must if you want to see your company on the top. Earlier, it was thought that only the professionals belonging to the Information Technology sectors were capable of innovation and had a creative bent of mind.

However, recent reports published by the companies that rank the top innovative giants reveal that over the last one year or two, there are companies that have ranked in the top 10 but they did not belong to the Information and Technology sector. But there are companies that have occupied the top positions and have belonged to automobile sectors and various diversified segments of the economy.

In fact, there is a general belief that as far as insurance companies are concerned, they do not believe in innovation but prefer to operate in their old working style. However, this is undoubtedly not the case and this is best proved by the evolution of the virtual insurance company.

Names of few great innovators of the 21st century

  • Alan Bauer - He was the first to identify the importance of internet marketing and how an excellent user experience can improve and increase the chances of the same.
  • Max Drucker – He is the CIO of the virtual insurance company. He was the first to introduce the concept of e-commerce in the insurance industry and also made people realize the importance of online sales in the industry.
  • Steve Jobs - He was the first to explain the behavior of consumers and how they usually prefer to connect with technology. He has been instrumental in the success of Apple.

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  • Bill Riker – He is a business innovator. He was the one to explain the importance of risk mitigation and CAT modeling. He is also known as one of the best technical innovators.
  • Linda Kaplan Thaler – An innovator and successful marketing strategies have allowed her to win accolades in the insurance sector. Aflac’s advertising campaign in which a talking duck is seen is being regarded as a unique approach to humor in the advertising world.
  • Chris Doggett – He is into “legacy policy administration” and he is known worldwide for having pioneered configurable and technology based approach in this sector.
  • Jim Goodnight - SAS belongs to him and he has kept no stones unturned in assisting insurance carriers to compete by making optimum usage of analytics.
  • Neff Hudson – He has been actively helping USAA in areas related to customer engagement since the early years of 2000s.
  • Dave Winer – He is regarded as the innovator of web publishing and blogging. He has developed a platform where visitors can express their views about just anything under the sun. He is also into financial services and has several clients that seek his assistance.
  • Jeff Bezos - He has revolutionized the retail industry. And in this effort he has “reshaped” insurance strategies and brought about changes in the traditional strategies adopted by insurance carriers.

The different sectors owe a great deal to the stalwarts mentioned above that have contributed immensely for the growth of their companies.

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Recent life changing innovations

Over the years, there have been several innovations that have promised to change our lives. Some of these innovations have gone down very well with the common man while few of them have not impressed at all as they failed to deliver what they promised. In this article, we will discuss about the important life changing innovations that have taken place recently.

IBM is a reputed corporate giant and innovations from IBM are not unheard of. To start with, let us see the recent innovations that were brought about by IBM. There are as many as 5 innovations that were brought about by IBM. And the theme of these 5 life changing innovations can be categorized into the following heads. They are as follows-

  • “People power will come to life”

This is related to renewable energy. And the company is of the opinion that anything that is capable of movement can produce energy from heat. These also include ordinary movements like jogging, walking, and running. In future, individuals can gather the kinetic energy and use it to produce energy. Citing an example, the spokesperson said that if a small battery charger is attached to the bicycle spokes, end of the day it will be recharged as you ride the cycle and this energy can be used for various activities.

  • “You will never need a password again”

This is a unique innovation in which an individual will be able to log into his account or draw money from the ATM by simply pronouncing his name or gazing into a sensor that recognizes the retina pattern of your eyes. So, you don’t have to take the trouble of remembering many passwords for different logins. This is referred to as “multifactor biometrics”

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  • “Mind reading is no longer science fiction”

IBM scientists are making efforts to connect your brain to a device. For instance, if you want to dial a number, it will happen on its own. Also you will also be able to control the movement of the cursor on your screen and perform the necessary operations. The professionals in the field of bioinformatics are trying hard to find a device (a headset) that are connected to sensors that will be able to identify expressions and thoughts of individuals and perform those actions that are currently going through your mind.

  • “The digital divide will cease to exist”

As per reports currently there are 7 billion people in the world. Within the next couple of years, there will be around 5.6 billion hand held devices and more and more people will be able to own advanced gadgets and electronic devices that will be extensively used worldwide.

  • “Junk mail will become priority mail”

In the next couple of years, the IBM experts say that there no longer will be junk and every mail will be meaningful and as far as spam is concerned, there will be precise spam filters that will be effective and as a result, spam mails will never be a cause of concern for you.

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The most innovative companies in 2012

Innovation has several facets. The main objective of innovation is to transform new ideas into value added services. Also these innovative companies make sure that the regulatory compliances are met with and sustainability is enhanced. The efforts put in by the various companies have to be even more pronounced as it can enjoy a competitive edge during a time when economic meltdown is evident in the different sectors of the economy.  The Boston Consulting Group or commonly referred to as BCG conducts survey every year to rank the top innovative companies.

Important aspects

The survey is conducted by taking important aspects related to the nominated companies over a period of time. They also take into account the past track records of these companies. Basically, while deciding the rankings of the top most innovative companies the Boston Consulting Group takes into account 2 very important aspects. One is the expenses incurred by the company on innovation and projects related to innovative pursuits and how much priority does the company give to innovation and related activities. These are the two of the vital indicators that determine the ranking of the companies.

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As far as ranking of the top companies of this year is concerned, it has been observed that the traditional sectors namely, the industrial product manufacturing companies and automobile industries made a mark this year aside from the companies that lay great emphasis on diversified portfolio. Aside from BCG, there is another company known as Fast Company that ranks the top companies in different sectors on the basis of innovation.

On the basis of BCG’s chart, the companies engaged in technology and telecommunication sector have occupied top places as far as innovation is concerned. Also many of these companies have continued to stay on the top for the last few years owing to its excellent performance and skills. The following examples will prove just how innovative these companies are that could allow them to stay on the top for several years.

Innovations of companies

  • Apple has remained on the top since  2005
  • Since 2005, two companies, namely, Sony and IBM have stayed on the top 10 list
  • Google has occupied the number 2 position since 2006 till date
  • Microsoft has managed to stay on top 10 since 2005 every year

Unlike previous years, when innovation was closely related to only the technology sector and the Information Technology area, these days when ranking is concerned, there are several other companies belonging to different sectors that have managed to stay on the top.

In fact, of late it has been noticed that companies belonging to different sectors have managed to occupy the top positions, in fact eaten up at least 40% of the list of the top ranking companies.

For instance, as of 2010, most of the companies taking the top places belonged to the technology sector but as of 2012, out of the top 25 companies, 7 companies belonged to the automobile industry. This is really an achievement for these companies which despite not being in the technology sector managed to remain at the top.

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3 most important innovation awards

Innovative minds definitely work differently due to which they enjoy an edge over the others. Winning awards boosts your confidence and encourages you to perform better in future. In this article we will discuss about the 3 most important awards given for innovation in different fields.

Business Insurance Innovation Awards

One of the awards was bestowed upon Rising Medical Solutions Inc. They received the innovation award for making an amazing contribution in the field of medicine. We have generally, on most of the occasions observed that individuals covered under workers compensation claim can sometimes turn addictive to medicines so that their symptoms are reduced. This may lead to substance abuse in future if not checked beforehand. So, Rising Medical Solutions Inc has developed a software program wherein the activities related to prescription drugs can be traced. The software program works by going through medical practitioner drug reviews along with results obtained by the software and prevents drug abuse. In order to track employees and to prevent them from drug misuse, the Rx Intelligence software has been developed by the company based in Chicago. Rising Medical Solutions Inc received the award in the category of Business Insurance Innovation Awards.

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Microsoft Health Users Group Innovation Awards for various categories

This is the 16th year when Microsoft Health Users Innovation Awards are being held. In fact, the award is given to those organizations that have taken considerable effort in improving the healthcare services by adopting well developed and latest innovative technologies and solutions. As of March 2013, this award was given away for innovative efforts to the following recipients in the below mentioned categories. They are as follows-

  • For “Innovation in Patient Engagement” category – PatientPoint and Miami Children’s Hospital
  • “Innovation in Electronic Medical Record Optimization” category – Kaiser Permanente and Predixion Software
  • “Innovation in Infrastructure Optimization” – Methodist Healthcare and British Telecom Global
  • “Innovation in Flexible Mobile Workstyle Solutions” – ORS Hospital and TeleSkin
  • “Open Innovation “ category – Esbjerg Kommune and Welfare Denmark ApS

Innovation awards for Women

The Connecticut Technology Council gave away awards to the following women belonging to different fields of engineering, technology, and science for their innovative efforts. The names of the recipients of the awards are as follows-

  • For the research category, Yvonne Will who is an associate research fellow working with Pfizer won the prize. Measuring the level of toxicity at the mitochondrial level is her niche area of research.
  • Meghan Brunaugh received the award for entrepreneurial and leadership qualities. She is the co-founder of Combat2Career.
  • Kate Donahue received the award for leadership qualities in the small business innovation category
  • Maria Keilich received the award for entrepreneurial and leadership qualities for large businesses.
  • Lili Aramli won the award for her academic innovation qualities. She is associated with Academy of Aerospace and Engineering as well as Greater Hartford Academy of Mathematics and Science
  • Carolyn Slayman also received the innovative minds award and she is associated with the Yale School of Medicine.
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What’s the future of private space exploration?

Space explorations are continuing to acquire fresh heights even when the space shuttle programs are getting closed by NASA. A new era of space exploration is about to begin as a group of private companies are inclined towards further expansion of horizons; XCOR, Orbital Sciences, Virgin Galactic and SpaceX are just a few of these companies. The worth of space tourism and private space exploration as an industry is yet to be determined; but it holds considerable grounds to inspire these companies towards investing huge amounts to drop an anchor.

Race for the new space

These private companies have their agendas set on multiple goals even when the US government and NASA intended to gain control over a certain space. In comparison to the old race, the new competition for space is about more gains.

The ISS (International Space Station) has signed a deal worth $1.6 billion with the SpaceX for rendering support to the space station as also in the opposite direction. The recent launch of the Falcon 9 spacecraft at Cape Canaveral marked the first journey of a private rocket towards the international Space station. SpaceX has future plans of involving this rocket for manned space flights even though it’s now being used for unmanned flights.

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Launching of manned flights is also being tested by the other private companies.
Most of these companies have ascertained certain points in space that might seem more attractive for space tourists in the near future. They are even in the course of filling up their databases with customers that are willing to try the initial flights. Musk is hopeful that a certain fraction of these space tourists will eventually fly to Mars, and that they would spend around a million dollars for such flights.

NASA is yet to find an alternative

Earning lucrative profits in space depict multiple sources for these private companies; space flight selling is just one such way. In order to send an astronaut into space Russia receives a payment of $60 million from the U.S.  Private companies are of the opinion that they can do it for a much cheaper amount. The New York Times is known to report a third of this amount to be borne by SpaceX as cost in the coming years.

Discover News has published an article that shares an announcement from the congress that NASA is supposed to pick a single private company that can be used to send astronauts. This has certainly stiffened competition amongst fresh players in the field of space exploration and enhanced chances of throwing out some of the key players. The impact of this competition can’t be predicted so soon as the race is still in its initial phase. Apart from space flights, a few other prospective ideas are also being considered by private companies that are trying to establish a contract with the government.

The Bottom Line

It will invite a lot of challenges for different private companies if a single company is picked by the U.S. government for developing its space program in the future. This space tourism industry is certainly here to stay irrespective of which private company gets chosen by the US government. Lack of sufficient funds won’t change the natural human tendency to explore new arenas.

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Is the Space elevator really going to revolutionize space travel?

The space elevators are designed to fulfill certain expectations of the governing bodies. Space elevators will make it easier to send payloads through the space as if they are shipping goods via a freight train. When compared to a freight train, they would take the help of laser beams to move upwards and cover a much longer distance against the gravitational pull.

Will it be possible to build a road to sky?

A few positive answers to this question can be expected as a majority of elevator enthusiasts are known to attend the space conferences these days. In the year 1979, Arthur C. Clarke (an advocate to this concept), had expressed his views regarding the launch of the first space elevator within a period of fifty years.

The following years saw a number of talks getting under way and there was nothing left to be laughed about. The conferences had certainly moved in a single direction to push things in favor of the first space elevator launch. The talks involved serious explanations concerning risks like threats from laser beams and orbital debris. A key role was played by the Microsoft-NBC Universal joint venture.

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Let’s consider a few of the notable predictions: Bradley Edwards, president of the Black Line Ascension based in New York had pointed out that it might actually take a much lesser timeline than 50 years for building this space elevator. At the same time, he had pointed our expenses that demanded a budget worth $10 to $7 billion. Bradley has been leading the space elevation movement from the front.

The technological way ahead

The power-beaming systems and materials that are ultra-lightweight and super strong are two of the major technologies used in this concept. A space elevator that can actually send payloads upwards may require synthetic ribbons or tethers that can be stretched over the Earth’s surface for a height of 100,000 kilometers or 62,000 miles. This job can be performed well by using Carbon nano-tube fibers.

A traditional launch vehicle is supposed to carry the tethers into the orbit. The orbiting craft will then need to drop a group of tethers that are to be attached with a connection point on the surface of the Earth. For instance, a platform at a distant point in the ocean that floats but remains unaffected by the varying weather conditions.

A few tethers that are meant for counterbalancing should be stretched towards the outer space. These tethers should act as “tracks” for the robots to move up and down the orbital platform.

Will the space elevator be able to rise in the end?

Nothing can be  said about the success of the space elevator even after we see the fruits of these latest technologies on Earth. The regular sessions held on this topic raise numerous questions from the speakers. The way our atmospheric winds buffet is yet to be endured by the strength of nano-tube tethers. Space radiation and a few other elements are yet to test the strength of these tethers. We might also need to cope with terrorist targets of space elevation systems on heavenly stations. These systems have to be protected from all types of Earthly threats and risks; the costs might turn out to be more than the budget proposed for acquiring these systems.

Does the safety margin concerning space elevation operations seem acceptable? The financial burden that has to be dealt in our attempt to ensure adequate space elevation safety may seem unbearable. Ensuring similar safety standards for other industries may seem viable at a much lesser expense. In the end, we’ll need to design space elevator systems that can withstand orbital collision and pressure from debris.

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The God particle has been found – What’s next?

The “God Particle” is also known as Higgs Boson. This particle is a “long sought after” particle that physicists have been struggling to find out. According to European Organization for Nuclear Research, data collected related to this particle reveals that the particle with which the scientists are now working is none other than the God Particle. That the Higgs Boson has been found out was announced on July 4th 2012.

However, the research related to his particle is still underway and is only in the first stages of research. In fact there are few scientists that claim that the particle only “appears” to be the most sought after particle but a lot of research is yet to be carried out. The particle has got its name after a book that was released known by the name “The God Particle: If the Universe Is the Answer, What is the Question” authored by Leon Lederman.

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The particle is being regarded as the mysterious particle and an in-depth analysis of the same could explain why “matter has mass”. The particle has been named after British physicist Peter Higgs.

History of Higgs Boson

That the Higgs Boson was in existence was stated way back in the 1960s that could explain why matter has mass. According to a theory, as the universe cooled down following the Big Bang, a field was formed, which was invisible and this was known as the Higgs field. This very field comprises countless or innumerable number of minute particles and these particles were known as Higgs particle. And this field filtered the cosmos. When particles pass through the field, they pick up mass.

The discovery of Higgs Boson will undoubtedly be a long term benefit for the scientists and the people but as mentioned above in various fields that include manufacturing, computing, and medicine. The research is in its preliminary stage and a lot of study is required about the same. So important is this discovery that it is being compared to the importance and discovery of the electron by the scientists. The discovery of the concept of electron was found out for the first time in the year 1838, however, its presence and existence was not established for the next 60 years.

There were also rumors that the particle that was found is something like “super Higgs”. And this was claimed recently by Sean Carroll, a physicist in the United States who had written a book on a related subject.

The universe is composed of 4% of the visible matter that include the galaxies, planets, and the stars. But 25% of the universe is composed of the so called “Dark Matter”, which is still a mysterious occurrence to scientists. And the rest of the space has the so called “Dark Energy”, which again is a mystery for all scientists.

Scientists are still perplexed about a truth and that is why few particles have mass while few others don’t. Amidst this debate if the God particle can be found out, it will be am amazing discovery that will be a valuable milestone in physics.

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What happened with stem cell research?

Stem cell research has gained immense prominence over the years and also across the globe. The concept picked up during the 1990s, and now this subject has created a pool of information that most of the research people and professionals are making use of.

What can stem cell replacement do?

Owing to the benefits of stem cell research, medical practitioners have pinned their hopes on this new science for treating several disorders. For instance, damaged cells of the brain (neural cells) and those of the spinal cord can be easily repaired with the help of this medical advancement as these cells have the capability to grow into any kind of cell. Also when a patient is being treated for cancer, he has to undergo chemotherapy and radiotherapy. During this process, the healthy cells and tissues are also damaged. With the help of stem cell research, these very cells can be repaired. Dead cells present in the body can also be replaced with healthy cells by means of this medical advancement regardless of whether it is a cell in the brain, liver, lungs, or heart.

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Companies that review the ongoing projects related to stem cell research are of the opinion that every year thousands of research firms and pharmaceutical companies both belonging to the public as well as the private sector invest millions of dollars in this field especially in areas related to vertebrate embryos, in collaborating with other companies and universities, and reputed biotech firms from all over the world.

If you go through a database, you will be amazed to see the number of companies that are investing in stem cell research. And one of the main reasons for the investment is that almost everyone connected to this field has understood the importance and future of stem cell research.

Generally, it is seen that the bigger corporate pharmaceutical firms usually carry out their research with their in-house team. However, when it comes to product development, these very companies are also turning to biotech companies that are into product development. It is also seen that the developments that take place in the laboratories of the pharmaceutical companies are often published in newspapers.

Stem cell research and investment trends

There are a number of investors that are willing to fund the R&D projects that are related to stem cell research. Most of these investments are related to research and development in the field of regenerative medicine, bio-engineered tissue product and their application, and utilization of stem cell research in the improvement and repair of organs.

According to a firm that is engaged in knowledge based services related to stem cell research states that there are as many as 538 companies that are into research and development related to stem cells. And these companies are spread over 36 countries.

Statistical revelations related to stem cell research

Study reveals that as of 2012, the stem cell research industry was worth USD$545million and during the period 2012 to 2018, it will be worth USD$972million. The R&D related to this field will flourish in countries like Singapore, South Korea, Japan, China, and India.