Trouble For Technology | Seeking Alpha

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It’s been a rough start for the tech heavy NASDAQ in 2022. The media fan favorite benchmark has been on fire in recent years. After gaining over 40% in 2020 despite the outbreak of the COVID crisis, the NASDAQ tacked on another 20% in 2021. And the index was no slouch in the late 2010s, having advanced by more than 65% from 2017 to 2019. So while the New Year is still very young, it is still notable that the NASDAQ Composite Index is off by nearly 5% so far in 2022. Is this stumble out of the gates a fleeting breather, or is it an early sign of what may come for the rest of 2022?

Price Chart

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It ain’t cool being no tech turkey so close to Thanksgiving. It should be noted at the outset that the recent NASDAQ weakness is not necessarily a 2022 thing. Instead, the slide in the NASDAQ dates back a couple of months to around Thanksgiving. It was right before Thanksgiving that we saw the NASDAQ grind out two successive new all-time highs. But since November 22, the index has been in a marginally downward sloping trading channel with a successive series of lower highs and lower lows.

Price Chart

StockCharts.com

The initial bullish take on the chart above is the following. First of all, the NASDAQ has been a rock star for several years now, so the fact that it has been drifting lower for the last several weeks is a healthy and long overdue period of consolidation if nothing else. And even if the NASDAQ is in a marginal downtrend for the time being, it has just bounced off the bottom of this trading channel and has the potential to rally higher to the 15,300 to 15,600 range over the coming weeks even within this trading range.

NASDAQ uptrend still very much intact. If one zooms out and examines a longer-term view of the NASDAQ, this would provide further support to a still optimistic view on the tech heavy index. For once the NASDAQ broke out above long-term uptrend resistance in the summer of 2020 in the wake of the COVID outbreak, it has been off to the races to the upside since. These are very constructive points in support of the Composite Index.

Price Chart

StockCharts.com

That pesky mean regression thing. This leads us to our first problem confronting the NASDAQ in general and the tech sector in particular (more on this in a minute) as we begin making our way through 2022. Note in the chart above how the NASDAQ kept hitting the upward sloping blue line from 2018 to 2020. Although it deviated meaningfully to the downside over the period from 2018 through the first half of 2020, the NASDAQ would eventually rally and hit this line. And once it broke out above this line in mid-2020, it still came back down to hit it twice before surging higher starting in November 2020. While this surge to

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Convincing Your Business Leaders to Spend in New Technology

Human conclusion creating is a challenging phenomenon. A lot of scientific studies on the subject highlight the parameters defining our mental procedures, even if they can’t completely clarify them. These research often locate that we can be guided to an consequence that we know is against our finest interests. And this is the case in business, much too.

It is uncomplicated to perspective company choice building as anything steeped in thorough consideration — a binary procedure led by facts and greatest exercise. However, businesses are in the end run by human beings. Commercial development is decided by the alternatives that we make, possibly by itself or as a group.

As a final result, the unpredictability of the human mind can influence a vary of business enterprise selections. This is even much more pronounced when processing the results of technological know-how-connected conclusions, which teases out every single dimension of our psyche. This is since for lots of businesses, particularly tiny and mid-sized corporations, new tech is continue to incredibly significantly a leap into the unknown.

In some cases, when faced with a difficult determination, we need a catalyst to pressure us to make it. The Covid-19 pandemic, for instance, accelerated technological innovation adoption in many organizations, who took the leap and embraced new electronic applications to endure. Though numerous smaller-to-medium-sized enterprises (SMEs) established up internet sites or e-commerce platforms to approach on line orders, a substantial part were being less inclined to consider the plunge.

I a short while ago collaborated with Xero on a behavioral science analyze that explored the psychological limitations to digital adoption. It uncovered that there remains a resistance to adjust and a skepticism toward technological know-how that prevents popular uptake. This is inspite of the clear benefits it delivers.

The Variables Driving Electronic Apathy

Though six out of 10 organizations claimed to be self-assured when embracing new technological know-how, there was also a very clear feeling of apathy, with only a few out of 10 contemplating by themselves even worse off if electronic expenditure is postponed.

It’s no shock that variables these as charge, and the availability of competent workers, can stall the pursuit of digital methods. Additional stunning, on the other hand, was the observed inertia close to technology (specifically at periods that necessitate digitalization to keep on being agile), which can be defined by psychological variables keeping small business leaders back again.

Knowing Resistance to Modify

Immediately after a turbulent pair of years, from the pandemic to political upheaval, you may possibly imagine that mid-sized enterprises would be accustomed to regular modify. Given the around-continuous condition of flux, it would be reasonable to assume that they may possibly be additional inclined to embrace new procedures or tools to get on their own back again on keep track of, adapt and thrive in an growing electronic overall economy.

In its place, lots of nonetheless opt to keep the status quo. In accordance to the Xero review, a good quantity of firms nonetheless grapple with the

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Medtronic to get Affera, a cardiac arrhythmia technological innovation business, for $925 million

Medtronic is obtaining Affera Inc., a health care know-how firm centered on managing cardiac arrhythmias, for $925 million.

Even though Medtronic declined Monday to share the sale price, analysts at Piper Sandler disclosed conditions of the deal, which contains $250 million that is contingent on Affera obtaining U.S. Food and Drug Administration approval for its nascent technological know-how.

Boston place-based Affera would make cardiac mapping and navigation units and catheter-based cardiac ablation technologies.

Medtronic, which has its operational headquarters in Fridley, previously retains a 3% share in Affera. It created that financial investment considerably less than a year back, a Medtronic spokeswoman explained.

The deal is not anticipated to near right until the initial half of Medtronic’s fiscal yr 2023, which commences May well 1.

Even though Affera is an early-stage company with systems not however authorized for commercial use by the U.S. Meals and Drug Administration (Food and drug administration), it really is not new to medtech investors. The business just closed a $75 million Collection C financing round in December, which bundled big buyers like Boston-primarily based Bain Money Lifestyle Sciences.

“The offer represents a pretty sizable splash in the significant-advancement cardiac ablation current market,” Matt O’Brien, senior analyst with Piper Sandler, wrote in a be aware Monday. “While the transaction will no question elevate some inquiries about (Medtronic’s) ongoing analyze with (pulsed-field ablation), it emphasised that the transaction was really intended to shut a product gap on the mapping side.”

Medtronic sights Affera’s merchandise as complementary to its very own, O’Brien stated.

Affera recently celebrated the to start with individual to be taken care of with its technology in New York. Final month, the firm announced that it had gained Food and drug administration approval to start a randomized trial of its product, Sphere PerAF, for managing persistent atrial fibrillation.

Cardiovascular goods accounted for 35.7% of Medtronic’s product sales in its latest whole fiscal 12 months. In 2019, the medtech huge acquired Epix Therapeutics, maker of a catheter-based mostly ablation technique for arrhythmia clients.

Affera’s founder and main govt Doron Harlev is expert in this house. Harlev earlier co-started Rhythmia Healthcare that was acquired by Boston Scientific Corp. in 2012.

“This acquisition immediately aligns with our eyesight of offering novel remedies to handle the swiftly growing requires for cardiac arrhythmia treatment,” Harlev said in a information launch. “We are psyched to aim on the integration of our know-how with Medtronic and are self-assured that collectively we can improve affected person access to ablation therapies.”

Medtronic’s stock rose less than fifty percent a per cent in Monday trading.

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Pittsburgh’s Town Theatre revisits 25-yr-outdated enjoy exploring media, technology

Town Theatre in Pittsburgh is bringing back a participate in that initial appeared on its stage 25 decades in the past.

“The Medium,” a postmodern deconstruction of the musings of author/thinker Marshall McLuhan, will operate from Jan. 22 as a result of Feb. 13 on the City Theatre Principal Stage on Pittsburgh’s South Aspect.

The 3rd present of the 2021-22 membership season is presented by New York Town-dependent SITI Business.

“The production was initially produced in 1993 and conceived to discover the then-burgeoning discipline of technologies by means of the lens of Marshall McLuhan,” mentioned Anne Bogart, SITI Organization co-creative director, who conceived the engage in. “We observe the renowned Canadian philosopher of media scientific studies on an Alice in Wonderland-like journey as a result of the landscape of his profound insights about the outcomes of media upon the human working experience.

“Now, just about 30 many years later on, the enjoy seems even more pertinent to the world that we inhabit right now than it did when we first created it,” she claimed.

Initial noticed at Town Theatre in 1996, “ ‘The Medium’ explores the impact of media and emerging technologies on our perceptions, our psyches, and our private life,” according to a release.

“ ‘The Medium’ is structured on the perfectly-known narrative structure of ‘the hero’s journey,’ which can be identified in tales and fairy tales from all-around the entire world and all over heritage,” Bogart explained. “Our hero is based mostly on the fantastic Canadian thinker Marshall McLuhan who, in the 1960s, was able to predict what would transpire to us when the media, digital technological innovation and the online would dominate our life.”

By the tv screen

In a bewildered point out right after struggling a stroke, the character of McLuhan finds himself transported, like “Alice By way of the Looking Glass,” into the earth of tv.

Not able to speak, McLuhan “moves from channel to channel, dealing with firsthand the success of his worst and most insightful dreams,” Bogart reported.

“The scenes in ‘The Medium’ are offered in the form of television genres, like vintage kinds like a Western, a hospital drama, a recreation exhibit, a loved ones exhibit, a chat show and so on,” she extra. “Each genre variety features as a container for different insights and themes from Marshall McLuhan’s writings. McLuhan himself, our principal character, travels as a result of this Tv set landscape.”

Courtesy of SITI Firm

Will Bond will seem in the SITI Company production of “The Medium,” Jan. 22-Feb. 13 at City Theatre in Pittsburgh.

 

Directed by Bogart, “The Medium” features performers William Bond, Gian-Murray Gianino, Ellen Lauren, Barney O’Hanlon, Violeta Picayo and Stephen Duff Webber.

“One can see the irony in the simple fact that this prescient thinker, who spoke and wrote so eloquently and playfully on the media and culture, need to go through the lack of ability to converse,” Bond stated. “In this way, just one may possibly call him a present day-day Cassandra

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How radar is effective: The know-how designed famous by war

Radar was between the most vital complex breakthroughs of the Second Globe War. The engineering served Britain and its allies arise victorious in the course of the Battle of Britain, the air war fought around Uk skies in 1940, according to Imperial War Museums (IWM).  

Radar – which stands for Radio Detection and Ranging – is a detection procedure that takes advantage of radio waves to identify objects. It is still greatly applied currently, but as technological innovation has state-of-the-art they now often harness microwaves, in accordance to the Earth Observing Laboratory. These are at the bigger frequency finish of the radio spectrum and provide extra accurate readings. 

Connected: What is electromagnetic radiation?

Invention of radar

Although this literal trial by fireplace manufactured radar a home name, the engineering behind it started out lifestyle a great deal earlier and centred around the study of electromagnetic (EM) waves.

EM radiation is a type of energy that is just about everywhere and can consider on plenty of distinct forms, such as radio waves, microwaves, X-rays, gamma rays and ultraviolet (sunlight). EM waves also sort the foundation of how cellular telephones and wireless computer networks operate.  

And again in 1885, it was Scottish physicist James Clerk Maxwell who arrived up with the thought that possibly radio waves could be mirrored by metal objects, just like light waves could. 

radar air traffic control

Human operators in air visitors control have to maintain a frequent eye on their radar screens. (Picture credit history: Getty)

A number of yrs afterwards, German physicist Heinrich Hertz established out to show it. In an experiment he executed in 1888, he found out that they ended up without a doubt reflected back again. As the initially human being to use the theories of Maxwell, the unit of frequency of an EM wave was named a hertz after him, Reside Science previously reported. In 1904 a patent was issued to a German engineer referred to as Christian Hülsmeyer for what was termed ‘an obstacle detector and ship navigation device’. Not a catchy name, but even so — a form of early radar method experienced been born. 

Despite that, it was not right up until the 1930s that there was a want for the engineering, mainly because of to the invention of long-vary military services bombers, which prompted nations around the world to commit in a process that could detect their technique and give early warning, in accordance to Encyclopaedia Britannica

All of the significant planet powers at the time ongoing exploration, but it was the Usa and British isles that were being equipped to refine the technological know-how. Scottish physicist Sir Robert Watson-Watt, acknowledged as ‘the father of radar’, took the science that had gone in advance of and produced the workable program that fashioned the foundation of contemporary radar , in accordance to the Royal Modern society.

How does radar function?

A normal system has 4 main factors, these are: 

• Transmitter: The supply of the radio

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Disney Will get Patent for Metaverse Technology

Disney has been approved for a patent to enter the metaverse globe and make interactive, personalized points of interest for topic park guests, according to a Sunday (Jan. 9) report from Cointelegraph.

The enterprise was authorized for a “virtual-entire world simulator in a real-environment venue” patent on Dec. 28, 2021. The tech would arrive with headset-free augmented actuality (AR) points of interest at the enjoyment giant’s concept parks.

The tech would operate as a result of tracking people on their cellular telephones, alongside with building and projecting individualized 3D effects on several objects in the park.

The metaverse, as these varieties of virtual worlds have been known as, has typically been conceived as current on line — while Disney’s imagined edition would carry it to the physical earth. It’s not the very first time Disney has revealed an fascination — there was indications from CEO Bob Chapek not long ago, way too.

“We’ll be ready to connect the actual physical and electronic worlds even far more closely, enabling for storytelling, without boundaries in our possess Disney Metaverse,” Chapek stated.

He isn’t the only 1. MGM Resorts main tactic officer Tilak Mandadi explained in a 2020 LinkedIn piece that the organization also established its sights on blending the electronic and bodily worlds.

“As we appear to the long run, related park experiences that transcend the bodily and digital barrier and unlock new levels of storytelling are a extremely fascinating concentration of ours,” Mandadi wrote at the time, introducing that the experiences are “perennial” and that though they’re unique to the man or woman, they are also “social and related.”

PYMNTS writes that Samsung is yet another new entry to the metaverse, rolling out 837X, its digital model of the New York City encounter center. The business claimed this would arrive along with “quests and live audio activities.”

See also: Samsung Welcomes Users to Its Metaverse at CES 2022

“To see it for oneself, you will 1st enter Decentraland by way of your desktop browser,” Samsung claimed. “It’s a blockchain-driven virtual area, exactly where you can purchase and promote distinctive electronic belongings, like land and wearables.”

Customers will be in a position to perform game titles and gather things, and a digital guideline will choose them to many interior spaces in which they’ll be capable to go on quests and emphasize sustainability, customization and connectivity. Buyers will also be in a position to generate things like badges and wearables.

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About:More than 50 % of U.S. shoppers think biometric authentication procedures are more rapidly, additional convenient and extra reputable than passwords or PINs — so why are fewer than 10% working with them? PYMNTS, in collaboration with Mitek, surveyed a lot more than 2,200 customers to much better outline this notion vs . use hole and detect methods enterprises can enhance utilization.

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