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Decision Making Tech

Research, Technology, and right decisions

Written by : Sumesh Raghwani on Digilah (Tech Thought Leadership)

Research and technology have had numerous benefits for society across various fields and aspects of life. Here are some keyways in which research and technology have positively impacted mankind:

 

    1. Improved Communication: Technological advancements such as the internet, mobile phones, and social media have revolutionized communication. People can now connect and communicate with each other globally in real time, enabling the exchange of information, ideas, and knowledge on a scale never seen before. This has facilitated collaboration, enhanced education, and fostered a sense of global community.

 

    • Healthcare Advancements: Research and technology have greatly improved healthcare outcomes. Medical research has led to the development of life-saving treatments, vaccines, and diagnostic tools. Advanced medical devices and imaging technologies have enabled early detection and precise treatment of diseases. Telemedicine has made healthcare more accessible, particularly for those in remote areas. Overall, research and technology have contributed to increased life expectancy and improved quality of life.

 

    • Enhancing Education: Technology has transformed the way we learn and access information. Online education platforms, digital libraries, and interactive educational tools have made learning more accessible and engaging. Students can access a wealth of knowledge and resources from anywhere, allowing for personalized and self-paced learning. Additionally, educational research has helped in developing effective teaching methodologies and curriculum enhancements.

 

    • Economic Growth: Technological advancements drive economic growth by fostering innovation and creating new industries and job opportunities. Research and development (R&D) initiatives lead to the discovery of new products, processes, and technologies, stimulating economic activity. Industries such as information technology, biotechnology, and renewable energy have emerged as a result of research and technological advancements, contributing to job creation and economic prosperity.

 

    • Environmental Sustainability: Research and technology have played a crucial role in addressing environmental challenges. Advancements in renewable energy technologies, such as solar and wind power, have helped reduce reliance on fossil fuels and mitigate climate change. Sustainable agricultural practices and efficient waste management systems have been developed through research, leading to more eco-friendly practices. Furthermore, scientific research has provided valuable insights into environmental conservation and biodiversity preservation.

 

    • Increased Accessibility and Inclusion: Technology has made significant strides in improving accessibility and inclusivity for individuals with disabilities. Assistive technologies, such as screen readers and mobility aids, have empowered people with disabilities to participate more fully in society. Moreover, research and technological innovations have led to the development of universal design principles that benefit everyone, regardless of their abilities.

 

    • Enhanced Transportation and Infrastructure: Research and technology have transformed transportation systems, making them safer, more efficient, and environmentally friendly. The development of electric vehicles, autonomous driving technologies, and high-speed rail systems has improved transportation options while reducing carbon emissions. Smart infrastructure, including intelligent transportation systems and sensor networks, has enhanced traffic management and optimized resource utilization.

These are just a few examples of how research and technology have benefited society. The continuous progress in these areas holds the potential for further positive impacts, addressing emerging challenges and improving the overall well-being of individuals and communities.

This research has also led to advancements in language understanding allowing me to grasp nuances, idioms, and specific domain knowledge more effectively.
Overall, the research and technology journey has been transformative to me, improving my performance, efficiency, user experience. As the journey continues, I look forward to further advancements that will enable me to continuously improve and adapt to better serve the needs.

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Climate Tech

Energy Transition: The Real Challenging Scenario

Written by – Chandrashekhar Chincholkar on Digilah (Tech Thought Leadership)

The World is going through a serious climate crisis, and it is important to start addressing the issue.  Paris Agreement signing by 194 Nations and subsequent submission of INDC (Intended Nationally Determined Contributions) has set the ball rolling.  

COP 26 strengthened commitments from various countries further to Energy Transition. The move towards complete Green / Renewable Energy is the need of the hour. Solar, Wind, Renewable Fuels like Hydrogen is the real need of the hour. Solar prices per unit have dropped significantly in the last 10-12 years and it is important to move faster to further penetration in power generation through Renewable Power. 

Hydrogen as a fuel of the future has a lot of promise but the initial costs of Hydrogen Green are higher. The Green Hydrogen prices are in the range of $ 5-8 per Kg. Further reduction in electrolyzer power consumption required per Kg of Hydrogen needs to drop at least 20-25%.  Also, the technological advancements to reduce the cost of Electrolyzer is also the biggest need for low cost of Hydrogen / Kg.

Decarbonization which is the biggest need for the World today has two major areas from Energy perspective:

  1. Mobility related Decarbonization – which is approx. 22%. 
  2. Manufacturing related Decarbonization – which is approx. 78%. 

Both these phases of Decarbonization needs huge capex going ahead and as per recent reports from IEA and Mckinsey, the funding requirement will range from $ 150 to $ 270 Trillion over the next 30 years. This is going to be biggest challenging area for the World as Corporates gear up for Decarbonization in every activity. This move towards Decarbonization will address the biggest concerns faced by Institutional Investors as ESG (Environmental, Social and Governance) reporting and disclosures becomes deeper day by day. 

Challenging times ahead for Global Economies and Corporates.

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