#Data Historian Market growth

[phantomrose96]

If anyone wants to know why every tech company in the world right now is clamoring for AI like drowned rats scrabbling to board a ship, I decided to make a post to explain what's happening.

(Disclaimer to start: I'm a software engineer who's been employed full time since 2018. I am not a historian nor an overconfident Youtube essayist, so this post is my working knowledge of what I see around me and the logical bridges between pieces.)

Okay anyway. The explanation starts further back than what's going on now. I'm gonna start with the year 2000. The Dot Com Bubble just spectacularly burst. The model of "we get the users first, we learn how to profit off them later" went out in a no-money-having bang (remember this, it will be relevant later). A lot of money was lost. A lot of people ended up out of a job. A lot of startup companies went under. Investors left with a sour taste in their mouth and, in general, investment in the internet stayed pretty cooled for that decade. This was, in my opinion, very good for the internet as it was an era not suffocating under the grip of mega-corporation oligarchs and was, instead, filled with Club Penguin and I Can Haz Cheezburger websites.

Then around the 2010-2012 years, a few things happened. Interest rates got low, and then lower. Facebook got huge. The iPhone took off. And suddenly there was a huge new potential market of internet users and phone-havers, and the cheap money was available to start backing new tech startup companies trying to hop on this opportunity. Companies like Uber, Netflix, and Amazon either started in this time, or hit their ramp-up in these years by shifting focus to the internet and apps.

Now, every start-up tech company dreaming of being the next big thing has one thing in common: they need to start off by getting themselves massively in debt. Because before you can turn a profit you need to first spend money on employees and spend money on equipment and spend money on data centers and spend money on advertising and spend money on scale and and and

But also, everyone wants to be on the ship for The Next Big Thing that takes off to the moon.

So there is a mutual interest between new tech companies, and venture capitalists who are willing to invest $$$ into said new tech companies. Because if the venture capitalists can identify a prize pig and get in early, that money could come back to them 100-fold or 1,000-fold. In fact it hardly matters if they invest in 10 or 20 total bust projects along the way to find that unicorn.

But also, becoming profitable takes time. And that might mean being in debt for a long long time before that rocket ship takes off to make everyone onboard a gazzilionaire.

But luckily, for tech startup bros and venture capitalists, being in debt in the 2010's was cheap, and it only got cheaper between 2010 and 2020. If people could secure loans for ~3% or 4% annual interest, well then a $100,000 loan only really costs $3,000 of interest a year to keep afloat. And if inflation is higher than that or at least similar, you're still beating the system.

So from 2010 through early 2022, times were good for tech companies. Startups could take off with massive growth, showing massive potential for something, and venture capitalists would throw infinite money at them in the hopes of pegging just one winner who will take off. And supporting the struggling investments or the long-haulers remained pretty cheap to keep funding.

You hear constantly about "Such and such app has 10-bazillion users gained over the last 10 years and has never once been profitable", yet the thing keeps chugging along because the investors backing it aren't stressed about the immediate future, and are still banking on that "eventually" when it learns how to really monetize its users and turn that profit.

The pandemic in 2020 took a magnifying-glass-in-the-sun effect to this, as EVERYTHING was forcibly turned online which pumped a ton of money and workers into tech investment. Simultaneously, money got really REALLY cheap, bottoming out with historic lows for interest rates.

Then the tide changed with the massive inflation that struck late 2021. Because this all-gas no-brakes state of things was also contributing to off-the-rails inflation (along with your standard-fare greedflation and price gouging, given the extremely convenient excuses of pandemic hardships and supply chain issues). The federal reserve whipped out interest rate hikes to try to curb this huge inflation, which is like a fire extinguisher dousing and suffocating your really-cool, actively-on-fire party where everyone else is burning but you're in the pool. And then they did this more, and then more. And the financial climate followed suit. And suddenly money was not cheap anymore, and new loans became expensive, because loans that used to compound at 2% a year are now compounding at 7 or 8% which, in the language of compounding, is a HUGE difference. A $100,000 loan at a 2% interest rate, if not repaid a single cent in 10 years, accrues to $121,899. A $100,000 loan at an 8% interest rate, if not repaid a single cent in 10 years, more than doubles to $215,892.

Now it is scary and risky to throw money at "could eventually be profitable" tech companies. Now investors are watching companies burn through their current funding and, when the companies come back asking for more, investors are tightening their coin purses instead. The bill is coming due. The free money is drying up and companies are under compounding pressure to produce a profit for their waiting investors who are now done waiting.

You get enshittification. You get quality going down and price going up. You get "now that you're a captive audience here, we're forcing ads or we're forcing subscriptions on you." Don't get me wrong, the plan was ALWAYS to monetize the users. It's just that it's come earlier than expected, with way more feet-to-the-fire than these companies were expecting. ESPECIALLY with Wall Street as the other factor in funding (public) companies, where Wall Street exhibits roughly the same temperament as a baby screaming crying upset that it's soiled its own diaper (maybe that's too mean a comparison to babies), and now companies are being put through the wringer for anything LESS than infinite growth that Wall Street demands of them.

Internal to the tech industry, you get MASSIVE wide-spread layoffs. You get an industry that used to be easy to land multiple job offers shriveling up and leaving recent graduates in a desperately awful situation where no company is hiring and the market is flooded with laid-off workers trying to get back on their feet.

Because those coin-purse-clutching investors DO love virtue-signaling efforts from companies that say "See! We're not being frivolous with your money! We only spend on the essentials." And this is true even for MASSIVE, PROFITABLE companies, because those companies' value is based on the Rich Person Feeling Graph (their stock) rather than the literal profit money. A company making a genuine gazillion dollars a year still tears through layoffs and freezes hiring and removes the free batteries from the printer room (totally not speaking from experience, surely) because the investors LOVE when you cut costs and take away employee perks. The "beer on tap, ping pong table in the common area" era of tech is drying up. And we're still unionless.

Never mind that last part.

And then in early 2023, AI (more specifically, Chat-GPT which is OpenAI's Large Language Model creation) tears its way into the tech scene with a meteor's amount of momentum. Here's Microsoft's prize pig, which it invested heavily in and is galivanting around the pig-show with, to the desperate jealousy and rapture of every other tech company and investor wishing it had that pig. And for the first time since the interest rate hikes, investors have dollar signs in their eyes, both venture capital and Wall Street alike. They're willing to restart the hose of money (even with the new risk) because this feels big enough for them to take the risk.

Now all these companies, who were in varying stages of sweating as their bill came due, or wringing their hands as their stock prices tanked, see a single glorious gold-plated rocket up out of here, the likes of which haven't been seen since the free money days. It's their ticket to buy time, and buy investors, and say "see THIS is what will wring money forth, finally, we promise, just let us show you."

To be clear, AI is NOT profitable yet. It's a money-sink. Perhaps a money-black-hole. But everyone in the space is so wowed by it that there is a wide-spread and powerful conviction that it will become profitable and earn its keep. (Let's be real, half of that profit "potential" is the promise of automating away jobs of pesky employees who peskily cost money.) It's a tech-space industrial revolution that will automate away skilled jobs, and getting in on the ground floor is the absolute best thing you can do to get your pie slice's worth.

It's the thing that will win investors back. It's the thing that will get the investment money coming in again (or, get it second-hand if the company can be the PROVIDER of something needed for AI, which other companies with venture-back will pay handsomely for). It's the thing companies are terrified of missing out on, lest it leave them utterly irrelevant in a future where not having AI-integration is like not having a mobile phone app for your company or not having a website.

So I guess to reiterate on my earlier point:

Drowned rats. Swimming to the one ship in sight.

[rushikeshmmr]

Data Historian Market was valued at US$ 1.17 Bn. in 2023. The Global Data Historian Market size is estimated to grow at a CAGR of 7.1% over the forecast period.

[ippnoida]

Jaipur BookMark puts spotlight on future of publishing

New technological advancements impacting publishing such as artificial intelligence (AI), podcasts, data analysis, and OTT were the focal points of discussion at the 11th edition of the Jaipur BookMark, held alongside the Jaipur Literature Festival from 1 – 5 February 2024 in Jaipur.

According to director, JBM Manisha Chaudhry, this year's Jaipur BookMark (JBM) looked at the future of the publishing industry and all important developments likely to impact publishing in the future. Sessions were also held alongside to mark the anniversaries of major publishing houses along with a Roundtable with 18 publishers from across the globe.

Chaudhry referred to a session on AI and the future of publishing that had Meru Gokhale, founder of Editrix.ai and former publisher at the Penguin Press Group; Charles Collier, a film, television and literary agent, producer, lawyer, and talent manager; and Safir Anand, intellectual property lawyer and brand strategist in conversation with Marcus du Sautoy, , Professor for the Public Understanding of Science and professor of Mathematics at the University of Oxford. The session talked about the future of the publishing industry with AI entering the domains of editing, translation and audiobooks, how it will impact legal contracts in publishing, and who would be the owner of the intellectual property rights of books published with AI's help. All these concerns notwithstanding, there was some optimism about the potential of this technology.

Another session on podcasts and books included speakers Amrita Tripathi, founder-editor of The Health Collective, a resource on mental health and storytelling, Richard Osman, London-based author of The Thursday Murder Club, The Man Who Died Twice, and The Bullet That Missed; and William Dalrymple, historian, author and co-director of the Jaipur Literature Festival and moderated by Hemali Sodhi, founder of A Suitable Agency. The session explored the deep connections between podcasts and books, which is based on the coming together of voice and text. It explored the synergy between book podcasts and books and the publishing industry – how a high-quality podcast can connect listeners with an intimacy about the book, Chaudhry said. The session examined how publishing podcasts encourages listeners to read more books and help increase book sales.

A session on data analysis had panelists Vikrant Mathur of The Nielsen Report and Rick Simonson from Seattle’s Elliott Bay Book Company in conversation with Hemali Sodhi. The session delved into the significance of data in the publishing industry in India, which is needed for a developing industry. The session focused on the Nielsen Report, which provides insights into the size of the Indian publishing market, along with recent trends and factors that are set to drive book publishing market growth in the upcoming years. The panelists advocated the collection of more data across the book publishing industry in India to project better results through data analysis.

Chaudhry talked about another 'crackling' session on the symbiotic relationship between OTT and publishing. Sahira Nair, content creator for Amazon Prime; Anish Chandy, founder – Labyrinth Literary Agency; Radhika Gopal, head – writers and directors, Tulsea; and Anand Neelakantan, author of the Bahubali trilogy, Asura: Tale of the Vanquished, Valmiki's Women, Vanara, Nala Damayanti, The Tale of the Flying Mountains, The Very, Extremely, and Most Naughty Asura Tales For Kids took part. The session was moderated by Ananth Padmanabhan, CEO – HarperCollins India. The panel took an outside-in view of book publishing from the eyes of leaders in the OTT space from speakers Neelkanthan, Gopal, Chandy and Nair, who are into writing and direction, OTT rights for book adaptations and content creation for OTT, respectively. The session talked about OTT's hunger for content, the sales of rights of books and contracts for content adaptations along with the steps that publishers can take to leverage old and new content for the OTT industry, she said.

Literary milestones for book publishers

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Another publishing house to celebrate a literary milestone was Seagull Books, Chaudhry said, with the Kolkata-based publishing house completing its 40 years in 2023. Seagull Books' Naveen Kishore shared insights about the publishing house creating books across borders and boundaries in a conversation with Sanjoy Roy, managing director of Teamwork Arts.

The Jaipur BookMark 2024 celebrated 40 years of feminist publishing in India, Chaudhry said, with feminist publishers Ritu Menon and Urvashi Butalia sharing insights on how Indian feminist publishing was associated with the women's movement in the country, making it a huge hit with the target population. When Butalia and Menon initially started with Kali for Women, there was debate over who was going to read these books in a country like India, Chaudhry recounted. But gradually, women's studies emerged as a sought-after discipline in activism as well as publishing. This marked the way for the establishment of a new kind of list, including feminist accounts, women writers and experiences of women at the grassroots level, which mainstream publishing houses would not think as viable products, she said. The session was interesting for women who have just entered the publishing industry in various roles.

Translations and multilingual publishing

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Another session on translations, Indian Literature: Across Languages, Across Scripts had Suchitra Ramachandran, writer and Tamil translator; Daisy Rockwell, Booker prize-winning translator of Geetanjali Shree's Tomb of Sand; Sukrita Paul Kumar, poet and translator; and Mini Krishnan discussed and debated on the intricacies of translation. India has numerous languages and scripts and it takes great effort to translate the literary works from Indian languages into English. The session talked about the different aspects of translation, Chaudhry said, adding that each person's experience with translations is unique and they view it from their lens.

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In another session, Parminder Singh Shonkey, from Punjabi publishing house Rethink Foundation; Gita Ramaswamy, co-founder of the Telugu publishing house Hyderabad Book Trust; Ravi DeeCee; Kannan Sundaram from Kalachuvadu Publications; Shailesh Bharatwasi from Hindi publishing house Hind Yugm Publishers; and Esha Chatterjee, CEO of Bee Books and managing director of Patra Bharti, the third-largest Bengali publishing house discussed the landscape of Indian language publishing with Mita Kapur, founder and CEO of Jaipur-based literary agency Siyahi. The Telugu, Malayalam, Bangla, Tamil, Hindi and Punjabi publishers talked about the literary works that were gaining greater traction in their languages and discussed their lists, Chaudhry shared.

Educational Publishing on the path to growth

Chaudhry talked about the growth of educational publishing in India. The session on educational publishing had Atiya Zaidi, publisher at Ratna Sagar, discuss the importance of supplementary reading and the effect of the National Education Policy on academic publishing with Ananth Padmanabhan. The educational publishing sector, the session discussed, is the most profitable segment of publishing in India with a large population of school-going kids. The session talked about Collins – the educational publishing imprint of HarperCollins, and explored the common areas of interest between educational and trade publishing in India.

Another session had Neeraj Jain, managing director at Scholastic India; Nancy Silberkleit, one of the founders of Archie Comics Publications; and Prashant Pathak, director – publishing operations at Prakash Books and publisher at Wonder House Books discuss the relevance of picture books, which is one of the most important categories in Children's publishing as it is the starting point which develops an interest in books in young readers. The session was moderated by Kanishka Gupta, founder of literary agency Writer's Side. Silberkleit talked about the impact of graphic and illustrated comic books on children and how Archie Comics has created a place for itself in India over the years. Jain stressed on how picture books had been a gap area in Indian publishing and how Scholastic has helped bridge that gap, Chaudhry shared.

Another 'impactful' session Chaudhry talked about was the one between bestselling Tamil author Perumal Murugan, who has won several awards, including the JCB Prize for Literature 2023, and Swami Anandatheerthan Award, and his publisher Kannan Sundaram from Kalachuvadu Publications. The two have had a long-lasting relationship in publishing of over 20 years. The session was moderated by Kannada author Vivek Shanbhag, who brought out the little details and personal touches of this literary relationship and how it benefited both the publisher and the author, Chaudhry shared, adding Sundaram has made a mark in successfully presenting and marketing Murugan's work in the best possible manner.

In another session, Beauty and the Book, Sunandini Banerjee, senior editor and graphic designer at Seagull Books; Ahlawat Gunjan, creative head at Penguin Random House India; Philip Watson, from James & Hudson; Svein Størksen, Norwegian designer, illustrator, owner and editor of Magikon publishing; and Priya Kapoor, publisher at Roli Books talked about the allure of illustrated and design books. The session talked about how the book as an object of enduring beauty takes shape under the eye of designers and the creative process that makes the cover designs of books a sight to behold.

The Jaipur BookMark concluded with the Festival Directors' Roundtable on the last day in which lists and rights of 18 national and international publishers were discussed. “The Jaipur BookMark still focuses a lot on its core strength which is rights. This time we had a catalogue for rights, which had 50 books from 12 publishers representing five languages. Whether it was the generalist, or the specialist, JBM 2024 had something of interest for everyone,” Chaudhry concluded.

[shashikant-ligade]

Data Historian Market: Industry Development Challenges, Opportunities, Entry Strategies, Key Manufacturers Analysis 2021-2031

The Insight Partners report, titled " Data Historian Market Share, Size and Trends Analysis| 2031" provides investors with a roadmap for setting up new investment plans in the Data Historian market. The report covers various aspects, ranging from a broad Data Historian market forecast to intricate details like Data Historian market size, both current and projected, market drivers, restraints, opportunities, and trends (DROT).

The Data Historian market report also provides in-depth insights into major industry players and their strategies because we understand how important it is to remain ahead of the curve. Companies may utilize the objective insights provided by this market research to identify their strengths and limitations. Companies that can capitalize on the fresh perspective gained from competition analysis are more likely to have an edge in moving forward.

With this comprehensive research roadmap, entrepreneurs and stakeholders can make informed decisions and venture into a successful business. The key companies identified in the Data Historian market analysis by our research analysts are ABB Group, Aspen Technology, Inc, AVEVA Group plc, Emerson Electric Co, General Electric Company, Honeywell International Inc, IBM Corporation, PTC Inc, Siemens AG, Yokogawa Electric Corporation . This research further reveals strategies to help companies grow in the Data Historian market.

A market research report, which contains proof of market research and provides the best opportunity for businesses to fulfill their objectives, might serve as the cornerstone of your business strategy. Insights on all significant regions and associations are included in this study, which also provides information on subsegments. This report delves even further into the challenges faced by Data Historian market enterprises in terms of cost and return on investment, as well as Data Historian market trends.

What are the Main Focal Points Covered in this Report?

1. Data Historian Market Outlook - Various factors that determine Data Historian market growth are examined in this section, including opportunities, barriers, challenges, trends, and drivers. Authentic market determinants encourage innovation. This section addresses the distribution of firm activity and the factors that influence development. A comprehensive range of market-specific data is available, allowing investors to conduct an early assessment of the Data Historian market's capabilities.

2. Competitive Comparison Matrix- The purpose of this segment in the Data Historian market report is to present organizations with a competitive comparison matrix. This section provides an in-depth assessment of competitors' business strategies and advancements. Businesses can employ detailed market research and target statistics to determine competitors' alternatives. Businesses might discover new market niches and avenues for sales by examining their competitors' offerings.

3. High ROI Trade-Offs- To adequately aid their customers in a competitive Data Historian market, enterprises must educate themselves on key domains. Streamlining market approaches is an effective application of market research. This study area focuses on product, application, and regional categories. Understanding demographics and high-ROI geographical regions helps entrepreneurs optimize their products.

Perks for Buyers

Strategic Insights to Enhance Customer Experience and Per Customer Revenue

Assistance in Product Planning and Roadmap to Marketing

Data-backed Approach by Researchers to Offer New Optimal Business Solutions.

Preferred Target Demographic, Target Regions, and Market Channels.

Get Customized Insights and Consultation ServiceOn the Basis of Components this market is categorized further into-

Software

Services

On the Basis of Deployment Mode this market is categorized further into-

Cloud-based

On-Premises

On the Basis of Organization Size this market is categorized further into-

Large Enterprises

SMEs

On the Basis of Industry Vertical this market is categorized further into-

Oil and Gas

Marine

Chemicals

Pharmaceuticals

Metals and Mining

Utilities

Data Centers

Others

Key regions Data Historian Market Research Report:

North America (U.S., Canada, Mexico)

Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)

Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)

Latin America (Brazil, Rest of Latin America)

The Middle East and Africa (Turkey, GCC, Rest of the Middle East and Africa)

Rest of the World

Author’s Bio:

Shashikant Ligade

Senior Analyst The Insight Partners

[shristisahu]

Transforming Healthcare: The Impact of Smart Factories and Supply Chain Evolution

Originally Published on: SpendEdge |Enhancing Healthcare with Smart Factory and Supply Chain Innovations

In the healthcare landscape, the convergence of smart factories and cutting-edge supply chain innovations is reshaping traditional paradigms. These digitally interconnected smart factories span the entire supply network, from development and manufacturing facilities to end-to-end supply chains, creating a unified and technologically advanced environment that includes external suppliers and partners.

Meeting Challenges in Pharmaceutical Supply Chain Forecasting:

Accurately predicting supply chain requirements continues to challenge pharmaceutical manufacturers. Dynamic factors like market shifts, emerging diseases, novel therapies, and seasonal demand fluctuations complicate forecasting. While daily medication forecasting is relatively straightforward, acquiring raw materials for new medications or seasonal vaccines presents distinct challenges. The strategic utilization of both internal and external data becomes paramount to enhance product quality, reduce defects, and improve the quality of life for patients.

##InnovationInHealthcare #SmartFactoryRevolution

Empowering Healthcare through Smart Factory Contributions:

Strategic Forecasting Anchored in Historical and Real-time Data:

Smart factories tackle supply chain intricacies through touchless forecasting, utilizing advanced analytics and real-time demand inputs from historical data, ERP systems, historian systems, and IoT sensors. Creating a robust "data fabric" enables unified data access, precise supply chain planning, resource allocation, and proactive measures to prevent shortages arising from prediction errors.

Real-time Operational Monitoring with IoT-Generated Data:

IoT sensors play a pivotal role in real-time monitoring of factory operations, tracking equipment performance, employee location, and critical aspects. This data-centric approach empowers proactive issue resolution and predictive maintenance, reducing downtime and costs. Historical factory data serves as the foundation for creating digital twins, offering simulations for experimentation and optimization.

Elevating Product Quality through Advanced Technologies:

Smart factory and supply chain technologies significantly contribute to enhancing product quality. Leveraging advanced analytics, real-time data, and automation provides unparalleled visibility into the production process. This heightened visibility allows proactive identification and resolution of quality issues. Predictive maintenance ensures optimal machinery function, minimizing the risk of defects. Enhanced traceability and tracking mechanisms for raw materials ensure product quality and authenticity.

##SupplyChainExcellence #ProductQualityInnovation

SpendEdge's Leading Role in Market Intelligence and Research:

Strategic Supplier Discovery Techniques:

SpendEdge empowers organizations to optimize growth and reduce costs through innovative supplier discovery techniques. By identifying and engaging with suppliers aligned with business objectives, this service evaluates supplier capabilities based on essential criteria. Detailed insights into supplier performance, categorization based on operational and functional capabilities, and strategic ranking aid in identifying the most suitable suppliers for sustained partnerships.

Understanding Technology Needs and Crafting Application Architecture:

With a focus on technology enablement, SpendEdge adeptly comprehends clients' technology needs and tailors application architecture accordingly. This comprehensive service involves an in-depth analysis of technological requirements, collaborative efforts with clients to gather specific requirements, and the development of a strategic plan for technology enablement. The resulting architecture encompasses the selection of appropriate technologies, frameworks, and platforms to support business processes and enhance operational efficiency.

Implementing Best Practices for Strategic Alignment:

SpendEdge analyzes and implements best practices by examining competitors' strategies, ensuring compliance, maintaining high-quality standards, and meeting legal obligations. This approach serves as a benchmark for sourcing and procurement activities, ultimately contributing to improved efficiency and results.

##StrategicResearchInsights #TechnologyEmpowermentJourney

Success Story: Orchestrating Healthcare Transformation

Client's Journey Towards Transformation: A pharmaceutical company based in Switzerland embarked on a mission to optimize its healthcare supply chain, addressing inefficiencies in medication delivery. The client sought to leverage smart factory and supply chain technology to revolutionize its operations.

Overcoming Challenges: In collaboration with the client, SpendEdge conducted an exhaustive market analysis, shortlisting top technology suppliers. A scalable application architecture was meticulously tailored, seamlessly integrating smart factory technology with advanced supply chain management systems. The implemented solutions not only addressed immediate challenges but strategically positioned the client for future growth and innovation within the dynamic healthcare landscape.

Contact us.

[nklhuymach69]

Successive Periods: What It Means, How It Works, Example

What Are Successive Periods?

Successive periods refer to a series of consecutive, continuous time intervals or stages that occur one after another. These periods can be of varying durations, such as days, weeks, months, or years, depending on the context in which they are used. The concept of successive periods is often employed in various fields and situations to track progress, analyze trends, and plan for future developments. Here are a few examples of how successive periods can be applied:

Financial Analysis: In finance and accounting, successive periods are used to compare the performance of a business or investment over time. For instance, comparing a company's quarterly or annual financial statements from one year to the next allows analysts to assess its growth, profitability, and financial health.

Project Management: In project management, successive periods can represent different project phases or milestones. Project managers use these periods to track the completion of tasks and ensure that the project stays on schedule and within budget.

Economic Analysis: Economists use successive periods to study economic trends and changes over time. For example, they might analyze GDP growth, inflation rates, or employment figures over several years to identify patterns and make forecasts.

Sales and Marketing: Businesses often analyze sales and marketing data over successive periods to assess the effectiveness of their strategies. They may track sales performance month by month to identify seasonal trends or changes in customer behavior.

Environmental Studies: In environmental science, successive periods can represent intervals for studying changes in ecosystems, climate, or natural resources. Researchers might examine data over decades or centuries to understand long-term environmental shifts.

Education: In education, successive periods can represent academic terms or school years. Teachers and administrators use these periods to assess student progress, plan curriculum adjustments, and set educational goals.

Historical Analysis: Historians use successive periods to divide history into manageable segments for study and analysis. These periods might be defined by major events, cultural shifts, or political eras.

Market Analysis: Market analysts use successive periods to track the performance of stocks, commodities, or other assets in financial markets. They analyze price movements and trading volumes over time to make investment decisions.

In all these contexts, successive periods serve as a framework for organizing data, setting goals, measuring progress, and making informed decisions. They help individuals and organizations gain insights into how things change and evolve over time, facilitating planning and adaptation based on historical data and trends.

Understanding Successive Periods

Understanding successive periods involves recognizing and comprehending a sequence of consecutive, continuous time intervals or stages and their relevance in various contexts. Here's a breakdown of key points to help you understand successive periods:

Consecutive Time Intervals: Successive periods are a series of time intervals that occur one after another without interruption. These intervals can vary in duration, from seconds to centuries, depending on the specific application.

Progression and Development: Successive periods typically represent a sequence of events, actions, or stages of development. Each period builds upon or follows the previous one, often with the aim of achieving specific objectives or goals.

Application in Various Fields:

Finance and Business: Successive periods are used to assess financial performance, plan for growth, and analyze trends. For instance, quarterly or annual financial reports allow businesses to track their progress over time.

Project Management: Project managers use successive periods to divide projects into manageable phases, track progress, and allocate resources effectively.

Economics: Economists analyze economic data over successive periods to study trends, make predictions, and formulate policies.

Sales and Marketing: Businesses monitor sales and marketing data over successive periods to evaluate the effectiveness of strategies and adapt to changing market conditions.

Environmental Studies: Researchers use successive periods to study changes in ecosystems, climate, and natural resources over time.

Education: Educational institutions use academic terms or school years as successive periods to assess student progress and plan curriculum.

Historical Analysis: Historians divide history into successive periods to study different eras, events, and cultural shifts.

Market Analysis: Investors and analysts track asset performance over successive periods to make informed decisions.

Planning and Evaluation: Successive periods are often integral to planning and evaluation processes. They allow individuals and organizations to set goals, measure progress, and adapt strategies based on historical data and trends.

Example: Suppose a software development project is divided into successive periods, with each period representing a phase of the project (e.g., design, development, testing, deployment). The project manager monitors progress during each period, ensuring that tasks are completed on schedule and that the project stays within budget. This approach enables effective project management and ensures that the final product meets the desired specifications.

In summary, successive periods are a fundamental concept used in various fields to organize, analyze, and make decisions based on the progression of events or time intervals. They help individuals and organizations manage projects, track performance, and adapt strategies to achieve specific objectives over time.

Successive Periods Contract Clause Example

A "Successive Periods" contract clause is not a standard or widely recognized clause in contract law. However, you can create a custom contract clause tailored to your specific needs if you want to establish a contractual relationship that involves successive periods or stages. Here's a general example of what such a clause might look like:

Sample Successive Periods Contract Clause:

1. Successive Periods:

This Agreement shall be divided into successive periods ("Periods"), with each Period representing a distinct phase or stage of the parties' collaboration.

The commencement and duration of each Period shall be outlined in a mutually agreed-upon project plan or schedule attached hereto as Appendix A.

At the end of each Period, the parties shall conduct a review and assessment to determine whether to proceed to the next Period, make modifications, or terminate this Agreement, as outlined in Section 2 below.

2. Review and Assessment:

Upon completion of each Period, both parties shall engage in a joint review and assessment of the work performed, outcomes achieved, and any issues encountered during the preceding Period.

Based on the results of the review, the parties shall have the following options: a. Proceed to the next Period according to the agreed-upon project plan. b. Modify the project plan or terms of this Agreement as deemed necessary by mutual consent. c. Terminate this Agreement with written notice to the other party, effective as of the end of the current Period.

3. Payment and Compensation:

Payment terms and compensation for each Period shall be detailed in the project plan or schedule (Appendix A) for that specific Period.

Any changes to payment terms or compensation must be mutually agreed upon in writing and reflected in an updated project plan or schedule.

4. Termination:

Either party may terminate this Agreement at the end of any Period by providing written notice to the other party as specified in Section 2.

Upon termination, both parties shall settle any outstanding payment obligations, and the parties shall have no further obligations under this Agreement for future Periods.

5. Governing Law and Dispute Resolution:

Any disputes arising from or related to this Agreement shall be governed by the laws of [Jurisdiction].

Disputes shall be resolved through [Mediation/Arbitration/Litigation], as outlined in the dispute resolution clause of this Agreement.

6. Entire Agreement:

This Agreement, including any attached project plans or schedules, constitutes the entire understanding between the parties and supersedes all prior agreements and understandings, whether oral or written.

Please note that this is a general template, and you should consult with legal counsel to tailor it to your specific contract requirements and the laws of your jurisdiction. Contracts can vary greatly depending on the nature of the business or relationship they govern, so it's essential to ensure that the contract meets your unique needs and complies with applicable laws.

Read more: https://computertricks.net/successive-periods-what-it-means-how-it-works-example/

[ellinapark]

Data Historian Market to Scale New Heights as Market Players Focus on Innovations 2023 – 2028

Latest Report Available at Advance Market Analytics, “Data Historian Market” provides pin-point analysis for changing competitive dynamics and a forward looking perspective on different factors driving or restraining industry growth. The global Data Historian market focuses on encompassing major statistical evidence for the Data Historian industry as it offers our readers a value addition on guiding them in encountering the obstacles surrounding the market. A comprehensive addition of several factors such as global distribution, manufacturers, market size, and market factors that affect the global contributions are reported in the study. In addition the Data Historian study also shifts its attention with an in-depth competitive landscape, defined growth opportunities, market share coupled with product type and applications, key companies responsible for the production, and utilized strategies are also marked.Some key players in the global Data Historian market are:

General Electric [United States]

ABB [Switzerland]

Emerson Electric [United States]

Siemens AG [Germany]

AVEVA Group [United Kingdom]

Honeywell [United States]

Rockwell Automation [United States]

OSIsoft [United States]

ICONICS [United States]

IBM [United States]

Yokogawa [Japan]

PTC [United States]

Inductive Automation [United States]

Canary Labs [United States]

Open Automation Software [United States]

InfluxData [United States]

LiveData Utilities [United States]

Industrial Video & Control [United States]

Aspen Technology [United States]

COPA-DATA [Austria]

GP Strategies Corporation [United States] Data historian, Also known as process historian, is a software program which is used to record data with minimum disk space and fast retrieval. It is mostly used as a control system in various industries such as environmental control, automobiles, agriculture and others. Enterprises use data historian to manage rising volumes of data and to reduce cost of data storage.What's Trending in Market: Focus on Cost-effective Solution

Rising Cloud Deployment Model

Challenges: Rising IoT Application

Market Growth Drivers: Growing Industrial Big Data

Need to Manage Data the Data Effectively for Performance and Quality Improvement

The Global Data Historian Market segments and Market Data Break Down8462

Presented By

AMA Research & Media LLP

[modernomy]

Crypto Currency News In One Minute

POPULAR YOUTUBER LOGAN PAUL APOLOGISES OVER FAILURE OF CRYPTOZOO NFT PROJECT AFTER INVESTIGATION CALLS IT A 'SCAM' ALL IT NEWS ON SILICON.CO.UK

ETH MAY DROP IN THE COMING 24 HOURS AFTER ALTCOIN PRICES SURGE BY COINEDITION

THE NEW MALWARE WAS DESIGNED TO COLLECT USER DATA, AND IT IS TARGETING PRIMARILY BANKING AND CRYPTOCURRENCY APPLICATIONS

AMERICAN INVESTOR AND FUND MANAGER BILL MILLER III HAS REITERATED HIS BELIEF IN BITCOIN (BTC) AND DESCRIBED IT AS A DRAMATICALLY DIFFERENT ASSET

JAMIE DIMON, CEO OF JP MORGAN CRITICIZED CRYPTOCURRENCY DURING JP MORGAN'S 41ST ANNUAL HEALTHCARE CONFERENCE

NEPAL'S TELECOMMUNICATIONS REGULATOR HAS ORDERED THE COUNTRY'S INTERNET SERVICE PROVIDERS (ISPS) TO BLOCK ALL CRYPTOCURRENCY TRADING WEBSITES

RIPPLE SPOTTED MOVING 500 MILLION XRP TOKENS OVER 13 HOURS BY COINEDITION

ACCORDING TO WEF, CRYPTOCURRENCY WILL CONTINUE TO BE IMPORTANT TECHNOLOGY

‘A FRAUD AND A BUBBLE ARE TWO DIFFERENT THINGS’: CRYPTO IS SHOCKING TO A FINANCIAL HISTORIAN WHO LITERALLY WROTE THE BOOK ON FINANCIAL BUBBLES

FRANCE’S MARKET REGULATOR AIMS TO SPEED MANDATORY LICENSING OF CRYPTO SERVICES

CRYPTOCURRENCY EXCHANGE BINANCE LOSES $12B IN LESS THAN 60 DAYS

COINBASE CONFIRMS END OF ERA OF INSOLENT GROWTH IN CRYPTO

CRYPTO CONTAGION DEEPENS: COINBASE TO LAY OFF ABOUT 950 EMPLOYEES

[strangemusictriumph]

Automation Market - Forecast (2022-2027)

Automation Market is projected to reach $136.5 billion by 2026 growing at 3.7% CAGR during 2021-2026. Automation is a technology, which involves the usage of automated equipment or machines in various industries to reduce or eliminate human efforts, and increase the efficiency of work in a short period of time. In automation, the manufacturing and industrial sector is growing at a rapid rate and has led to the advancement of technology such as distributed production by factories and services, the implementation of autonomous plants, and the increasing use of remote operations to automate certain operations. Thus, the graph shows the technological, political, and economic development of the automation. Most of the European countries are heading towards innovation and are facing challenges like lack of skilled labor, but the development of automation companies promotes the production efficiency and empowers rapid economic growth. Most countries are seeking ways to enhance their manufacturing industry and most of the automation solution providers for Programmable Logic Controller, Distributed Control System, Supervisory control and data acquisition are seeking to improve the customer experience, which will be based on the new research from Information Services Group (ISG). For example, the implementation of the new policies and regulations such as EU ePrivacy Regulation.

Report Coverage

The report: “Automation Market Report– Forecast (2021-2026)”, byIndustryARCcovers an in-depth analysis of the following segments of the Automation Market

By Instrument Type: Humidity Transmitter, Temperature Transmitter, Pressure Transmitter, Level Transmitter, Control Valves, Analyzers, Communication Hardware and Others.

By Solution: PLC, DCS, MES, SCADA, APS, OTS, Safety Automation and Others.

By Industry Vertical: Process (Oil and Gas, Chemical, Pharmaceutical, Food and Beverage, Metal and Mining, Power, Pulp and Paper, Water and Wastewater and Others), Discrete (Automotive, Aerospace, Medical, Packaging, Industrial Machinery, Semiconductor and Electronics and Others).

By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle East and Africa).

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Key Takeaways

The use of the advanced software can help in providing flexibility in terms of programming, large memory capacity, better interoperability, and incorporates more features and functions that are suitable for industry applications.

The demand for PLC system is rising owing to its huge applications in complex automation having extensive process control requirements, network connectivity, device interoperability, enterprise data integration, and many more.

The adoption of SCADA in various industries has accelerated owing to its various advantage consisting of updating and upgrading through cloud, easy retrieval of files, and many more.

The use of the MES is observed in many industries such as pharmaceuticals, consumer packaged goods, automotive industry, and many others. The major driving forces for utilizing MES includes development in the production systems, modern logistic concepts, and advanced product development processes.

Automation Market Segment Analysis - By Solution

Programmable logic control is an integration of PC and PLC in a single system to control various processes in industries and is projected to reach $15.9 billion by 2026. This controller comprises of two or more processors, PC-based software applications such as HMI (human machine interface) functions, asset management, historian, advanced process control (APC) and others with PLC capabilities. This system can handle both analog and digital signal as it does not incorporate ladder logic in its programmable interface. This controller is multifunctional, controlling various types of signals, multitasking, controlling, contributing, communicating with various clients, reading and writing to system devices, and many more functions can be performed simultaneously. Multi-domain as the same hardware is opted for data collection, process control, and hybrid manufacturing among others. The new development in PLC is the software can be easily customized according to the requirements. This software incorporates standard communication that assists in transfer of information from various connected systems. This advancement in technology can be beneficial for production and product flexibility in many industries.

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Automation Market Segment Analysis – By Industry Vertical

In the pharmaceutical industry, automation helps to ensure that a consistency is maintained in each batch of production. It also offers better control of the processes, providing an ability to monitor the processes from remote locations. This increases the demand of automation in the pharma industry. In the pharma industry, the usage of liquid handling robots to improve reproducibility and increase the validity of data in High Throughput Screening (HTS) is one of the developed technology. This is because the automated systems are less likely to have inconsistency in reagent quantities and HTS is a fairly consistent and repetitive process. In Russia, high domestic political motivation for investment and high oil prices ensured fairly good growth rates in most of the industries. Investors are striving to use the favorable situation to the fullest extent and build future-oriented businesses. This is why investments into high-tech industries and industrial automation increased more rapidly. The automation in pharmaceutical market is estimated to grow at a CAGR of 5.9% during the forecast period 2021–2026.

Automation Market Segment Analysis - By Geography

APAC is among the major regions, which has been driving the Automation Market accounting for 36.2% share in 2020. In Europe, the number of rig count is decreasing drastically from year to year. The number of rig count decreased from 117 to 85 between 2015 to 2018. Even though, there was a decrease in rig count, technology development and implementation of automation has been increasing. This combined with the stabilizing of oil and gas industry prior to Covid-19 will spur the market growth especially in APAC region. With automation, oil and gas companies are increasingly able to keep track of their pipes and networks with an extraordinary amount of oversight. Development in technologies such as using autonomous underwater vehicles and unmanned aerial vehicles, onshore and offshore pipelines is being done to protect against terrorist attacks, criminal activities, and even repair damages. Meanwhile, weather monitoring systems can be used to detect changes in seismic activity, as well as ocean and atmospheric levels.

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Automation Market Drivers

Industry 4.0 Revolution in the Manufacturing Sector

Industry 4.0 revolution creates smart automation in the phase of industrialization. Increasing demand for machines in the manufacturing sector is set to push the Automation Market to new heights. Implementation of automation in industries results in many benefits such as productivity gains, improved team performance, enhanced managerial reporting, error reduction, cost reduction, and higher quality. The growing need to achieve process optimization in lesser time in the industrial operations coupled with various government initiatives to adopt automation is driving the Automation Market. Azerbaijan is planning to invest more in automotive industry which is expected to drive the deployment of automation and controls in this country. Along with the increasing investments in automotive industry it is also observed that the key players in oil and gas and utility sector are planning for the up gradation of the manufacturing units which is expected to drive Automation Market. Rising rate of the population entering the middle and upper classes is increasing the consumption at consumer's end and allowing industries to implement automation to maintain or enhance their production output, thus, enlarging the growth of the market.

Reduction of Operating Costs with the advent of IoT

The main motivation for mechanization of IoT is to suggestively decrease functioning expenditures when automation devices, sensors, transmitters, and actuators are converted to internet enabled devices. The labor cost is highly significant in the total industrial operating cost, making generally 60%–65% of the total cost. In majority of the cases, manual jobs typically consist of two categories, direct staff and indirect staff. Direct staff is responsible for executing the process, while indirect staff is for the backend support for direct staff. In developing nations, there is a constant growth in ageing workforce resulting in issues related to safety, quality control, and productivity. Thus, the automation of industries has become a notable means to tackle the rising wages and workforce age. This has resulted in the industrial operators to rely upon automation to provide a convenient and efficient way of reducing the operational costs, while simultaneously maintaining the productivity at optimum levels.

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Automation Market Challenges

High Initial Investment

Automated machines can be one of the most costly operating costs for a company. With automated machines running anywhere between thousands and millions of dollars depending on the type and degree of automation. Apart from the initial costs there might be several unpredictable costs which may surpass the real cost saved by the accomplishing automation in the company. Some of these costs includes research and development costs of automating a process and anticipatory repairs and maintenance costs. In addition to the above mentioned costs, there is a training cost associated with the automated machines and equipment that further restricts the industrial operators’ likeability in developing economies for automating their operating lines.

Automation Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Automation Market. Automation top 10 companies include Honeywell International Inc., Siemens AG, ABB Ltd., Emerson Electric Co., KUKA AG, Schneider Electric, Mitsubishi Electric Corporation, Endress+Hauser AG, Yokogawa Electric Corporation, General Electric among others.

Acquisitions/Product Launches

In March 2020, Yokogawa Electric launched digital manometer. MT300 uses silicon based resonant sensor and is used to monitor pressure in the industrial applications.

In March, 2019, ABB launched “Ability Mine optimize” to its digital portfolio. It is an innovative solution of optimized electrification and automation solutions among others.

For more Electronics related reports, please click here

[ken-research-market-research]

Increasing Trends In The Global Data Historian Market Outlook: Ken Research Buy Now According to the report analysis, ‘Global Data Historian Market Size study, by Application (Production Tracking, Environment Auditing, Asset Performance Management, Governance, Risk and Compliance Management, Predictive Management, Power and Utilities), by Component (Software/Tools, Services), by Deployment Mode (On-premises, Cloud), by Organization Size (SMEs, Large Enterprises), by End-User (Oil and Gas, Marine, Chemical and Pharmaceuticals, Paper and Pulp, Metals and Mining, Utilities, Data Centers) and Regional Forecasts 2018-2025…

[capricores]

✨ the signs and work (careers, needs in workplace, work-mindset, etc)

♡ check your sun, mars, ascendant, midheaven and sixth house signs. keep in mind your entire chart, especially planets in the sixth/tenth house can hugely change the expression of this. sagittarius mars + midheavens tend to hate routine, but if you have a taurus sun/moon, you’re likely to prefer routine and be more comfortable with it. the aspects to these planets and your midheaven/ascendant can entirely change things too. this is a general post. 

i also recommend checking the position of your midheaven ruler and the sign/house it is in (ruler of the midheaven is simply the planet that rules the signs of your midheaven: sun=leo, moon=cancer, mercury=gemini/virgo, venus=libra/taurus, mars=aries/scorpio, jupiter=sagittarius/pisces, saturn=capricorn/aquarius, neptune=pisces, uranus=aquarius, pluto=scorpio). so if you have a gemini midheaven, look to what sign your mercury is in and read for that as well.

reasons for choosing these placements: sixth house represents routine, habits and service; it will more-so highlight how you feel about and approach day-to-day work and serving others. midheaven is your ideal career and ambitions in the workplace; it’s also your image while at work. ascendant + sun both blend together to create one’s general temperament and personality; as well as outlook on life. these two placements highlight hobbies, desires, wants; and therefore influence career needs and work habits. mars is your drive, ambition, energy, etc; therefore showing up in the workplace strongly.

bite-sized version (see the read more for full sign explanations)

aries: careers that allow independence and decision-making. careers in the outdoors. high-energy, physical careers; careers that allow them to use their hands. entrepreneurship is ideal as they like to have complete control over their projects and schedules. jobs with competitive factors will be most motivating to them. they do really well in high-stress careers that require fast-action. sales, any sort of business ventures, management, directing, athletics, construction, welding, etc.

taurus: careers that offer consistency, stability and security. careers that allow for independence. entrepreneurship; taureans aren’t good at taking orders. anything involving the environment, animals, or children. coffee shops, bakeries, childcare, environmental activism, tree nursery staff, animal rescue, etc. taurus placements hold high levels of creativity and are very good at curating styles that appeal to wide varieties: therefore design (fashion, interior - even food/graphic design) based careers are ideal.

gemini: intellectual stimulation, flexibility and frequent change are absolute requirements in gemini careers. without frequent mental stimulation, gemini placements get anxious and want to quit. it’s hard for them to stick to jobs that don’t offer lots of change, variety and difficulties. engineering, computer programming, math-based careers, etc. geminis are excellent communicators are thrive in careers involving writing, public speaking, sales, etc. the environment and people gemini works with are as important as the job itself for them. gemini needs to do multiple things at once; careers involving multi-tasking are essential. routine, predictable careers are the enemy.

cancer: cancers need stability and control in their career. they’re very nostalgic and can often be seen carrying on family businesses or pursuing careers influenced by their families. research & history based careers are great for cancers (historian, librarian, scientific research, detective, etc). cancers do well connecting with others; careers that allow genuine interaction are great (psychologist, social worker, human resources, etc). careers that allow them control. the environment of a cancer’s work space is extremely important: they usually do best working at home. careers relating to food. careers connecting to childcare.

leo: careers need to allow them recognition and praise; attention via career is important (social media, tv personalities, etc). careers that allow a creative outlet with high-energy; but still offer stability and consistency. competitive environments are best for leo. working with children, athletic coaching, fashion, sales, marketing, and so forth are all great paths. management positions or running their own business is ideal for leos who don’t take well to criticism or direction. leos love being social and enjoy careers that give them a social outlet. analytical careers pair surprisingly well with leo; i’ve noticed they’re often drawn to and successful with paths relating to computer science & engineering.

virgo: similar to gemini, careers that are fast-paced and challenging are essential. mental stimulation is an absolute must, and the most important factor for a virgo. careers revolving around healing, health and nutrition fit well with virgo. working with animals and the environment. analytical, logic-forward careers that requirement complex solutions and quick thinking. careers involving communication, especially written, are ideal. virgos are excellent with small details and do well with careers that focus on these. writing, computer programming, chemistry, engineering, teaching, vet tech, dietician, doctor, surgeon, etc.

libra: careers heavily connected to aesthetics: libras require beauty in every aspect of life, especially career (fashion, interior & graphic design; any art-related field; music, etc). careers loaded with social interactions, libras get drained and bored in a career that’s isolating and lonely. ilbras are charming and do well in positions like sales that utilize this charm for personal gain. careers that require a strong sense of justice and morals (law, judge, detective, managerial positions, etc).

scorpio: competitive, target based careers that give them power. behind-the-scenes careers that give them recognition but still allows their privacy. creative -heavy careers such as writing, art, fashion. careers connecting to the occult (ie: astrology/divination). careers that allow them to utilize their unmatchable investigation skills (detective, lawyer, scientist, etc). careers that give them flexibility, yet stability; the only change they want to experience at work is self-controlled. scorpios prefer to work alone than in groups; careers of solitude or ones that allow them to control others are best.

sagittarius: careers that allow them to channel their natural educator & humanitarian role (teacher, philosopher, lawyer, philanthropist, etc). careers that allow them to travel as part of their job (pilot, travel guide, trip planner, translator, etc). careers with huge amount of flexibility, frequent change; careers that give them independence and allow for constant growth, learning and expansion. they never want to be fully “comfortable”. athletic, physical careers; careers in the outdoors (ie: athletic coach, sports teams, etc). 

capricorn: careers that allow for complete autonomy and control. entrepreneurship was made for capricorns. careers that promise stability, security, and a laid-out climb to the top. careers heavily based in logic & analyzing; finance-based careers are also ideal. financial analysis, architecture, CFO positions, etc. working with animals and being connected to the earth are beneficial. management positions are ideal, although capricorns tend to do everything themselves regardless of who’s working for them. careers that involve a lot of careful planning and thinking ahead; routine.

aquarius: careers involving music and/or art (nearly every aqua placement i meet is talented in + passionate about some artistic outlet, channelling these interests into careers is beneficial). careers involving technology, science, and lots of analyzing/logic. computer science, engineering, mathematician, data analyst, etc. careers that give them longer periods of isolation with healthy amounts of socialization in between; they require a good balance. careers that give them independence, yet structure; careers that change on their own terms only. 

pisces: careers with complete flexibility: routines, heavy structure and similar are the enemy. careers that allow a channel for healing and/or spirituality (divination, astrology, nutrition, psychology, etc). careers relating to philosophy, humanitarianism, teaching; much like sagittarius - anything that allows frequent growth and expansion. careers heavy with travel and new experiences. careers that allow a creative outlet are best for pisces (design, photography, filmography, music), they also do well in social based careers such as being influencers or tv stars. avoid careers with rough environments as they’re the sign most likely to absorb negative energies.

♡ mutable signs (pisces, sagittarius, gemini, virgo):

these signs have busy minds. they always need to be moving, and require constant mental stimulation. work without mental stimulation will quite literally drive them up the wall. if their work traps them into non-challenging (gemini/virgo) or routine (pisces/sagittarius) environments, they’ll not only want to quit, but likely be negatively impacted in terms of energy and mental health. if you have strong mutable placements, it’s important for you to find a flexible and stimulating career; a career with a lot of socializing is often preferable as well. they require lots of encouragement and praise in their work to stay committed and on-track.

the ideal careers for mutable signs are ones that allow for stimulation and change (virgo is more comfortable with routine, gemini is *okay* with routine; but both requirement frequent challenges in the workplace to stay satisfied, they need to be “solving” things). mutable signs don’t mind working behind the scenes, or under the direction of someone else, so long as they’re in an exciting environment that allows them to fully utilize their wit, creativity and quick problem solving skills. 

it’s very important for mutable signs to become friends with those in their workplace (especially pisces and gemini placement individuals). because of their constant need for mental (and also social) stimulation, it’s vital for them to be able to form friendships (not necessarily deep/close friendships, but at least surface level) in the workplace and have a frequent social outlet while working. mutable signs are also extremely susceptible to their environment and those around them (as are the water signs), so a toxic workplace will have a significantly harsher impact on their well-being than other signs would experience. their mental and physical health can both be immensely affected when they’re in toxic environments around toxic people (of course this is true for anyone, but mutables are drained by this on a whole other level). mutable signs can easily love a job they would normally hate, if the environment is positive and fun for them; and vice versa.

✧ sagittarius and pisces: no matter how much these two signs love their job, they will still hate their job. pisces and sagittarians tend to hate work. this isn’t because they’re lazy, or incapable of putting in hard work; because they’re more than capable, and do it frequently. but to them, work, especially routine work (nine to fives, forty hours a week, etc), limit them. pisces and sagittarius share jupiter as their ruler; jupiter is all about expansion, growth and freedom. these signs hate being boxed in and tied down. they require living lives that allow for frequent growth. namely, pisces and sagittarius love to always be learning and bettering themselves, especially spiritually and philosophically. if they’re stuck in a career that limits their expansion; or lacks “abundance” when it comes to choices and growth, they’ll be extremely unsatisfied.

pisces and sagittarians are free spirits, and these placements (especially in the personal planets and as ascendant) love physical change; aka traveling. a job that allows them to travel, especially to other countries/long distances, will be ideal and fulfilling for them. creative outlets, educational paths, or any career relating to spirituality, philosophy or similar will be best for them. pisces do really well in careers related to healing and helping; sagittarians do really well in careers related to teaching. sagittarians, being fire signs, also require careers that keep them relatively physically active.

some suggested careers (pisces, sagittarius): travel-related (flight attendant, trip planner, etc), translation/interpretation, photography, arts, astrology, divination, food (chef, front of house, etc), teaching, medicine (namely naturopaths, nutrition, etc), motivational / public speaking, philanthropy 

✧ geminis and virgos: being mercury-ruled, these two signs need intellectual stimulation more than anyone else. they do not do well in monotonous or “easy/simple” jobs. although these two signs might not be as bothered by routine as their fellow mutable signs, they instead require a constantly challenging and stimulating environment. fast-paced, high-stress careers where they’re able to problem-solve and think on their feet are best for these two signs. although they have to be careful of overly stressful jobs and burning themselves out, due to their tendencies of overthinking, nervousness and how easily stressed they can get. it’s best for them to work in challenging environments, with kind and encouraging management, as to avoid any possible burnout or anxiety in the workplace.

again, thanks to their mercury influence, these signs have a way with words. anyone with strong gemini or virgo placements is bound to be great when it comes to writing and/or speaking. being an author is something those with either of these placements would really excel at. also, working in sales (mainly with gemini, virgo shyness and hermit habits may put them off of this career lol) is something gemini & virgo THRIVE in. they’re very good at speaking to others and swaying their opinions, so closing deals with people is a very easy and satisfying thing for them to do.

some suggested careers (gemini, virgo): computer science/technology fields, detective work, writing, research-based fields, nutrition/dietetics (virgo), sales (gemini), something with a lot of public speaking (but this likely freaks them out and makes them nervous- they are amazing at it though), event planning

some mutable careers (all/mixed): teaching, international relations, politics (sagittarius and gemini), music (pisces especially), comedy (gemini and sagittarius), marketing & sales, law, medical fields (virgo and pisces), travel & tourism, librarians/working in bookstores

♡ cardinal signs (aries, cancer, libra, capricorn):

these signs thrive most placed in roles of leadership and entrepreneurship. directing others and having control over their own actions and projects is most satisfying for these individuals. cancers and libras don’t mind working under the control of others, capricorn and aries do not do well in situations controlled or directed by others. however, capricorns and aries can handle working under others as long as they have a means for doing so (ie: they have some power over others at the same time, they’re awaiting a promotion, etc).

these signs are ambitious, initiators, and go-getters. they are the ones with the big ideas and the detailed plans of how things will go. they enjoy motivating others and seeing others succeed, so they make for wonderful managers. managerial positions are great for these signs, since they can struggle a bit with following through/staying on task, having a role where they create the ideas/tasks and have someone else finish it is more ideal.

✧ aries and capricorn: these signs, far more than other cardinals, really do better working alone or in positions of power. entrepreneurship is more ideal for these two than probably any other sign. additionally, both aries and capricorn are very connected to the physical realm. aries does really well in physically-active careers (manual labor, athletics, etc), and they also really love the outdoors. capricorn, being so connected to the earth, also loves any sort of outdoors/earth-connected career. jobs that allow them to be outside in nature, or directly working with nature, will do them both great.

these two signs are very good at managing and directing, however their styles can be a little harsh. they also tend to have the attitude where they’d rather do everything themselves so that it’s done “right”. because of this, it’s best for them to work independently at their own business, or to have someone working as a buffer of communication between them and employees when it comes to instructing and critiquing. they do, however, do very well as trainers, since they’re very to-the-point and enjoy allowing others to shadow them/vice versa. being trainers allows them to let out their overly picky/specific side for the better.

these two especially thrive in any career that allows them to showcase their straight-forward and analytical natures. fields such as law, are so amazing for both of these signs. aries loves the challenge of a field like law, and probably enjoys the ability to “argue” for work. capricorn’s interest will be held by the analytical, research based aspects of law, as well as the ability to “argue” for work. both signs enjoy being right, competitiveness, and independence, so fields similar to law are perfect. 

both signs can also handle high-stress and high-pressure environments with ease, quite possibly more than any other signs. they also need frequent challenge and competitiveness in careers, so any sort of job that hits these requirements would be best. if they don’t feel as if they’re climbing a ladder, or achieving a visible, measurable level of success (ie: hitting/exceeding targets), they won’t feel fulfilled.

some suggested careers (aries, capricorn): entrepreneurship, instructing/coaching (athletics, etc), athletics (aries), project managers/management in general, conservationists, lawyers, food service, finance/accounting, any analytical/logic-based careers (capricorn), architecture, computer programming, sales (aries; they have the energy + charisma for this), marketing, real estate (aries), physical therapy, chiropractor, personal trainer (aries)

✧ cancer and libra: one important thing to mention for these two signs is they require a comfortable, positive work sign; almost to the extent that mutable signs do. their work environments have to be comfort zones, much like their homes, or they’ll struggle a lot in their career despite how much they enjoy the job itself. the people they work with and space they work in are extremely important to them. if they work from home, it’s vital they have a comfortable, well-decorated home office in order to be fully productive and in their “zones”.

these two signs have a very unique way of managing. they’re very good at getting people to do things, without realizing they’ve been influenced to do something. both of these signs can get along with nearly anyone, and have very warm, nurturing natures; which makes them highly successful in roles ranging from management to sales and anything of the likes. their social skills are impressive, as are their problem-solving skills, which makes them well-suited for fields like human resources, law (mainly libra), psychology, social work, etc. both do well in customer service and marketing because of their people skills.

the difference between these two lies in their public preferences. libra is a very public sign, and also the sign of justice. journalist, social media influencer/tv personality, publicist, judge/lawyer, and fashion design are some potential careers that align well with libra’s needs for recognition and admiration. on the other hand, cancer much prefers a more private life, although still enjoys (genuine) interaction with others. due to their nurturing personalities and creativity, cancers thrive in careers relating to medicine, food, design (especially interior, architecture, etc - anything related to the home as cancer is the sign connected with the *home*), and so forth.

these two signs are also highly creative and thrive in roles that allow for this expression. libra specifically thrives in fields like fashion or graphic design, cancer thrives in fields like interior design or baking/cooking. 

some suggested careers (cancer, libra): law (libra), fashion (libra), interior design, graphic design (libra), childcare (cancer), psychology, social work, medicine (cancer), chef/baker/similar (cancer), real estate, sales & marketing (libra), journalist (libra), publicist (libra), architect (cancer), customer service, social media (influencer, marketing, etc), acting, game design/development (cancers especially - they seem to be so good with video games)

some cardinal careers (all/mixed): entrepreneurship, design, development & research, finance/accounting, architecture, lawyers, judges, detectives (especially libra & cancer), real estate, sales & marketing, management, human resources (cancer/libra)

♡ fixed signs (taurus, leo, scorpio, aquarius):

these signs do best in positions of total autonomy. working under the discretion of others is not ideal for these individuals. with creative minds and a need for independence and power; these individuals also tend to do best in fields relating to art, or creation of some sort. aquarius and taurus can handle working under others without much power, but leo and scorpio do not do well when given directions (they can handle it, but they don’t like it). it’s against fixed sign nature to follow orders. however, fixed signs do generally enjoy routine, so they won’t mind working under someone if it provides them consistency and stability. they might even skip on desired promotions, new/better job opportunities and more due to their fears/dislike of change (especially taurus).

fixed signs have this unmatchable resilience when it comes to work. these are the people that will easily put in 70+ hours a week with minimal complaints. they’re excellent at following through with things and sticking to their jobs/tasks, even when they hate them. fixed signs are also the only modality that’s consistent and excellent with following through. these signs have a bit of trouble getting started, though, and often need a push and help to get things going. 

leo and taurus need stability and consistency in their career, whatever it may end up being. these two do not do well with change; and don’t usually like jobs that require them to frequently adapt or start new routines. aquarius and scorpio on the other hand, thrive within change; and are more than used to adapting to sudden, significant changes. these two, however, still prefer a more stable routine; as they tend to fear/dislike change that is not self-inflicted. the biggest things for fixed signs are stable, consistent careers. they also need careers that allow them power and individualism. aquarius and leo specifically need careers that allow them to “show off” or get recognition, preferably from a larger audience.

scorpios & leos thrive with incentives and praise, so careers that offer bonus pays, targets, and promotions with set goals will motivate them a lot more in work. any sort of competitive work will get those two signs going. aquarians however are more indifferent to these things, they tend to be more detached with the material benefits of work. taureans usually dislike these types of careers, they want work with consistency: consistent pay, consistent hours, etc.

✧ leo and aquarius: these signs require attention and recognition for their work more than anyone. they’ll do behind the scenes work if they need to, but generally they enjoy being the center of other’s attentions (aquarius won’t admit this though). these two signs have very unique ideas, and are bustling with creativity. more than anything, they need a career that allows creative expression and individuality. they don’t do well being boxed in and restricted in their endeavors. most of all, these two need careers that are challenging, consistent yet flexible, and allow both social and creative outlets. 

aquarius is the sign relating to technology, so of course they will naturally thrive in technology-related careers. aquarians have busy minds and the patience to work out complex problems; so a career in computer programming, or something similar, would do them well. graphic design and architecture are two other careers that come to mind. engineering (but something more like music engineering, that allows them that creative outlet) is another great choice. aquarians are also humanitarians at heart, so charity-related careers, or careers of similar nature (ie: social worker) would be great for them. careers with a lot of either problem-solving/complex issues, humanitarian causes, or music/art are best for aquarians.

leos are natural born entertainers and story-tellers. they also can fit well into many social environments, and are so naturally charming it’s easy for them to get on anyone’s good side. because of this, any social-heavy career is great for them (motivational speaking, writing, acting, sales, marketing, etc). leos also have big hearts and tend to love children and/or animals, so i always recommend childcare or animal care to these types of leos. at the end of the day, despite leo’s need to be independent/not heavily controlled at work, they do love that social interaction that can come with working. leos are also bursting with creativity, and tend to have affinities with art, so any art-field is a great career selection for them. as a fire sign, leos also thrive in physically-active careers (athletics, manual labor, etc) that keep them up and moving.

some suggested careers (leo, aquarius): music (especially aqua), fashion-related fields; especially design, ANY sort of artistic field (design, painting, acting, etc), childcare (leo), marketing, sales, engineering, charitable organizations (aquarius), computer programming/science (aquarius), writing (leo), social media (marketing, management, influencer)

✧ scorpio and taurus: these signs don’t mind being behind the scenes, so long as they still have significant power in their work environment and control over themselves. overall, they’d typically rather work for themselves than someone else, they truly hate answering to others and generally don’t like being disturbed/overly social at work (it drains them, and they usually find it annoying/disrupts their work flow). i suggest more independent-work type of careers for these signs, or careers that allow them to instruct others on what to do, not the other way around.

both signs are very intense and investigative, and once they start something they have a laser-like focus that will help them see through a project to the end. scorpios specifically need careers that allow THEM flexibility and the ability to enact change when they see fit. taureans, however, need careers with minimal change, including self-inflicted. taurus requires stability and consistency more than any other sign in the zodiac, especially at work. 

taureans have a very nurturing energy, including at work, and they have a natural connection to the earth/environment. because of this, i always see taureans fitting so well into careers involving the environment (think anything from environmental law to conservationist to florist, etc). personally, both taurus and scorpio i can see running adorable little flower shops, crystal shops or cafes and it would be too perfect for them. these two signs are usually bookworms too so i feel like working in a bookstore would be so perfect for them both. scorpios really do need that power and slight competition in work. they need to be challenged more than any of the other fixed signs, or they will get extremely bored. i often find scorpios thrive most in unfamiliar environments, so sudden switches in work may be a comforting thing for them.

some suggested careers (scorpio, taurus): investigator/detective (scorpio), research-based fields (scorpio), interior design, fashion, food-related field (taurus), childcare (taurus), architecture, divination + astrology (scorpio), office jobs (taurus - but more a WFH environment), work from home jobs in general (they don’t like leaving the house), working with animals/rescuing, environmental law (taurus), law (scorpio), environmental activism (taurus), conservationist (taurus), librarian/bookstore jobs

some ideal fixed careers (all/mixed): tattoo artist (this career always comes to mind with scorpio/taurus especially), design, any sort of arts-related career, managerial roles, entrepreneurship, athletic instructor/similar (leo & taurus), farming (taurus & leo), florist/anything working with plants (taurus & scorpio), childcare (leo & taurus), competitive environments (leo & scorpio)

[mostlysignssomeportents]

Debts that can't be paid, won't be paid

It’s been just over a year since the death of activist, writer and anthropologist Gavid Graeber — a brilliant speaker, writer and thinker who helped give us Occupy, “we are the 99%” and “Bullshit Jobs.”

On the anniversary of David’s death, his widow Nika Dubrovsky convened the first “Art Project” discussion, a fascinating debate between Thomas Piketty and Michael Hudson, a pair of political economists whose work is neatly bridged by Graeber’s own.

https://www.youtube.com/watch?v=GWT0uvBLDbo

Piketty, of course, is the bestselling French economist whose 2013 Capital in the 21st Century was an unlikely, 700+ page viral hit, describing with rare lucidity the macroeconomics that drive capitalism towards cruel and destabilizing inequality

https://memex.craphound.com/2014/06/24/thomas-pikettys-capital-in-the-21st-century/

Hudson, meanwhile, is the debt-historian and economist whose haunting phrase “Debts that can’t be paid, won’t be paid,” is a perfect and irrefutable summation of the inevitable downfall of any system that relies on household debt to drive consumption.

https://pluralistic.net/2020/03/24/grandparents-optional-party/#jubilee

Like Hudson, Graeber was obsessed with the history and politics of debt. His 2012 book “Debt: The First 5,000 years” influenced not just Piketty’s work, but the work of many non-economists, including a large group of science fiction writers.

https://www.tor.com/2012/04/16/the-best-science-fiction-ideas-in-any-non-fiction-ever-david-graebers-debt-the-first-five-thousand-years/

Like Piketty, Graeber was capable of writing extremely long books that were so engaging that people actually read them, absorbing complex and nuanced subjects. DEBT clocked in at 534 pages, and not a dud among them.

And like both Hudson and Piketty, Graeber was obsessed with long timescales and the ways that history is pressed into service to assert that various political situations are inevitable products of human nature, meaning that there’s no point in asking for a fairer system.

In Debt, Graeber reaches back 5,000 years to question (among other things), the “money story” that money was created by individuals who wanted to make barter more efficient, settling on coins as a way to make change for someone who wants a cow but only has chickens to trade.

Graeber shows the “confluence of needs” theory of money to be a fairy tale, something that orthodox economists literally made up as the “most likely” source of money, without ever asking historians about what the record tells us about the origins of money.

Which is a pity, because historians know a lot about this stuff! For example, they can tell you about the Babylonian use of ledgers to record the issuance and redemption of debt in the largely agricultural economy of the day.

This early money would be recognizable to farmers today: during planting season, a share of the eventual harvest is promised in exchange for the inputs needed to plant, nurture and reap the crops.

Like Graeber, Hudson also treats Babylonian policy as key to economics — specifically, the Babylonian understanding that “debts that can’t be paid, won’t be paid,” which is why the state would periodically declare a jubilee in which all debts were declared void.

Without these periodic jubilees, the entire productive economy is swallowed up by debt service — every poor harvest or other unforseeable circumstance drives producers (who are also debtors) further into debt, whose interest creates an inescapable gravity.

Without some way to escape debt’s gravity, all productive labor becomes oriented toward debt-service, and the economy grinds to a halt. If this sounds familiar, you’re probably paying attention to today’s political economy:

https://pluralistic.net/2021/05/19/zombie-debt/#damnation

Piketty also works in long timescales, though his historical analysis is an order of magnitude more recent that Hudston or Graeber’s. At Capital XXI’s core is a data-set, painstakingly assembled by Piketty and his grad students over more than a decade.

That data-set traces “capital flows” (the distribution of wealth and income) for 300+ years, rigorously traced and normalized, so that we can understand things like the relative degree of inequality in different societies over centuries.

Famously, Piketty concludes that no matter how fast an economy is growing — no matter how productive its makers are — that wealth grows faster, making the takers who financed growth even richer than the people whose work is propelling the economy.

This fundamental truth (expressed in economic notation as r > g, or “return on capital is greater than economic growth”) means that “meritocracy” is a lie: the richest people in a market economy aren’t the people who do the best work, it’s the people who started off rich.

Like Hudson, Piketty’s work looks at the relationship between inequality and instability: Piketty uses his data to show that inequality crises trigger political crises, and that high degrees of inequality precede upheavals like the French Revolution and the World Wars.

Given all that, a discussion between Piketty and Hudson, convened in Graeber’s memory, is bound to be fascinating, and they don’t disappoint (if you prefer text to video, check out Naked Capitalism’s transcript):

https://www.nakedcapitalism.com/2021/09/michael-hudson-and-thomas-piketty-debate-inequality-debt-and-reform.html

Here’s my highlight reel of the discussion, with commentary. Hudson opens with a skeptical take on Piketty’s conclusion to Capital XXI, in which he proposes a global wealth tax. Such a tax is nearly impossible to enforce, says Hudson — unlike a jubilee.

Hudson says the source of today’s global vast fortunes is not earnings or income — rather, it’s central banks’ subsidy of the value of stocks and bonds, through rock-bottom interest rates, bond guarantees, etc. These fuel speculative bear markets that run up asset prices.

These state-subsidized fortunes are pumped into the financial markets, becoming the loans that everyone else has to pay debt on, just to survive. As in ancient times, the finance sector eventually swallows the productive economy whole. Without jubilee, you get collapse.

This is true within rich economies, but it’s even more pronounced in the relations between poor debtor countries who were coerced into taking on massive debts by the IMF, who are going to pay an ever-larger share of their GDP to offshore creditors as the economy slows.

The only way for poor countries to service those debts is by imposing crushing austerity, which means starving domestic producers of investment, education and health services, reducing productivity, requiring more austerity — until the whole thing collapses.

Remember: debts that can’t be paid, won’t be paid. It’s an iron law, and cannot be repealed — not by austerity, not by “better management,” not by “living within your means.” Can’t be paid = won’t be paid.

Piketty doesn’t dispute any of this, saying that he’s reconsidered some of the solutions in Capital XXI in light of subsequent events, like the pathetically inadequate global minimum corporate tax of 15%, which only rich countries’ treasuries will get to participate in.

Piketty points to his followup to Capital XXI, the even weightier (and sadly less influential) Capital and Ideology for his more up-to-date thinking on the way to address inequality and instability.

https://www.theguardian.com/books/2020/feb/19/capital-and-ideology-by-thomas-piketty-review-if-inequality-is-illegitimate-why-not-reduce-it

He reiterates his thesis that inequality self-corrects, thanks to the instability it engenders. Left on their own, market economies collapse, torn apart by the bill for guards to defend lenders’ fortunes, the bill for interest payments that enrich lenders.

Impose sufficient austerity and brutality on a society and the cost of defending it exceeds the wealth its productive sector manages to produce, and boom — French Revolution, the World Wars, etc.

Piketty proposes that mounting “catastrophic climate change” might precipitate the next crisis, which is certainly a safe bet, though of course, the question is whether that crisis will come after the point of no return for a habitable planet.

Hudson has ideas about how we might hasten transformative change without risking civilizational collapse. He points out that Piketty’s work identifies inherited wealth as inequality’s wellspring and points out that estate taxes are much more enforceable than wealth taxes.

Certainly, inherited wealth is a live issue today. The latest installment of Propublica’s essential IRS Papers reporting shows how the richest Americans abuse a bizarre loophole to avoid ANY tax on indescribably vast estates:

https://www.propublica.org/article/more-than-half-of-americas-100-richest-people-exploit-special-trusts-to-avoid-estate-taxes

No one knows exactly how much tax avoidance grantor retained annuity trusts (GRATs) drive, because they are shrouded in secrecy. In 2013, the lawyer who created GRATs said they’d allowed the ultra-wealthy to evade $100b in taxes. Their use has increased since then.

Another lever for reducing inequality is political competition. Hudson points out that during the Cold War, capitalist states took steps to prevent runaway inequality in a bid to show that market economies were more stable than centralized, planned economies.

Hudson suggests that competition with China might serve that function today. Without forgiving China for its autocracy and human rights abuses, he gives favorable marks to its economic planners for reining in the finance sector.

It’s true that China intervened heavily in credit markets during the covid crisis, to prevent rentiers from destroying productive businesses that couldn’t service their debts during lockdown, preserving larges swathes of otherwise vulnerable productive firms.

He reminds us that the original meaning of “free market” was “a market free from rents,” where unproductive creditors were not allowed to lay a private tax on productive manufacturers.

https://locusmag.com/2021/03/cory-doctorow-free-markets/

Today, the meaning has been reversed — a market is “free” if creditors face no limits on rent-extraction.

But there’s good reason to be skeptical of claims that China’s economy is being well-managed, as Anne Stevenson-Yang writes.

https://www.forbes.com/sites/annestevenson-yang/2021/09/25/chairman-xi-chinas-looming-crisis-and-the-myth-of-infallibility/

Stevenson-Yang paints a picture of chaotic state management of the Chinese economy, hidden by state-owned media and its rosy outlook. Watchwords like “common prosperity” are empty buzzwords, used to paper over self-interested, corrupt business practices.

State initiatives measure progress through short-term, easily gamed KPIs, something she says is documented in Red Roulette: “a new book written by a disaffected property developer named Desmond Shum.”

https://www.simonandschuster.com/books/Red-Roulette/Desmond-Shum/9781982156152

Now, I’m willing to stipulate that for investors and property developers “corruption” or “incompetence” might be indistinguishable from what the rest of us would call good governance, but some of Stevenson-Yang’s charges seem factual and well-made.

42I found the discussion between Piketty and Hudson fascinating, and if there was anything more that I’d add, it would be a dose of technopolitics (unsurprisingly). After all, technology has a huge bearing on the timing and nature of the shifts that both economists study.

For Piketty, inequality-driven instability collapses when the cost of guard-labor rises too high to bear — other words, eventually, a society gets so unequal that it costs more to stave off guillotines than even the ultrarich can afford.

For Hudson, debt-driven instability collapses when debtors begin to default because they have no ability to service their debts.

Technology changes the nature of both of these collapses. Take guard labor: mass surveillance and technological controls make it cheaper than at any time in history to isolate and neutralize political threats to elite rule.

How much cheaper? Well, in 1989, the Stasi employed one in sixty East Germans to spy on the whole nation.

Today, the NSA spies on the whole world, at a spy:subject ratio that’s more like 1:10,000 — two orders of magnitude more efficient than the spies of a generation ago. That’s a huge productivity gain, and it’s all thanks to digital technology.

When it comes to debtor default, the tension is between coercion and ability to pay. Yes, “debts that can’t be paid, won’t be paid,” but “can’t be aid” is not a hard limit — it turns on how much the debtor is willing to hurt themselves and their loved ones to make payments.

Every mafia armbreaker knows this. When someone can’t pay their debts, you can break their arm and they’ll cash in their kids’ college fund and secretly remortgage their house to make the next payment.

When that runs out, if you threaten to break their legs, the debtor will start breaking into cars. Eventually, this comes to an end, when the debtor goes to prison for 25 years. But in the meantime, coercive force can wring a fair amount of blood from the stone.

Debtor coercion has been transformed by digital technology, from an artisanal, retail handicraft to a scaled up, industrial practice.

https://pluralistic.net/2021/04/02/innovation-unlocks-markets/#digital-arm-breakers

We don’t need the threat of repo men to keep you paying your car note — miss a Tesla payment and your car will phone home and lock its doors. When the tow arrives, it will flash its lights, honk its horn and back out of its parking space for repossession.

The ability to digitally repossess, or partially repossess (as in India, where loan-shark cellphone companies disable your most-used apps if you miss a payment) the tools you rely on for life and livelihood makes it cost-effective to apply coercion at scale.

Cheap guard-labor and cheap coercion mean that crisis can be deferred for ever-longer timescales. Thus, societies up the only kind of debt that really matters: policy debt. Lives are ruined, productive capacity tanked, the planet poisoned.

Add tech to Piketty or Hudson’s analysis and things start to look a lot less self-correcting, and the odds tilt against our civilization, our species and our planet. If a correction only comes after the point of no return, we’re in very deep shit indeed.

[berniesrevolution]

For a period of 40 years, something managed to keep inequality in check in the United States. From 1940 to 1980, the richest 1 percent took home 9 percent of the wealth generated by the economy. Today, just as they did in the 1920s, the top 1 percent grabs about double that share. Surprisingly, the cause of this midcentury “Great Compression” has been largely neglected by economists, with many of them casually dismissing the role of unions.

One influential theory, especially among pundits, is that the supply of skilled workers curbed the growth of income inequality. Starting in the 1940s, the argument goes, the increasing education of the American workforce propelled a broad prosperity. Another recent account, associated with the economist Thomas Piketty, maintains that the devastation of World War II drove down the returns on capital.

But a groundbreaking new paper, “Unions and Inequality Over the Twentieth Century: New Evidence From Survey Data,” written by the economists Henry Farber, Dan Herbst, Ilyana Kuziemko, and Suresh Naidu, proposes a different engine for that broad prosperity: unions. The growth of union membership—to a height of nearly 30 percent in 1955, before falling to its current low of 10.7 percent—explains the Great Compression every bit as much as theories about education or any other single factor.

It may surprise some readers that economists consider the statement “unions help workers” a revelation akin to discovering general relativity. (Another recent finding, “where you grow up matters,” has also shaken the economics establishment to its core.) But economists haven’t had the necessary data to study unions in any depth. Detailed data on education goes back to the 1940s, but the government only introduced questions tracking union status in 1973. Yet the authors of “Unions and Inequality” newly applied a Gallup data set that allowed them to analyze workers back to the 1930s.

Before this paper, economists generally believed that unions largely helped the most skilled and educated workers—i.e., those who already had higher wages. Many economists insisted that unions work by creating insiders who benefit at the expense of outsiders—in other words, those who get in the union receive a premium, while those outside the union are denied opportunities. This theory implies that, since unions merely transfer wealth among workers, they wouldn’t lower inequality overall and might even slow economic growth. But the new paper pushes back on all these notions.

It turns out that, at their peak, unions were disproportionately made up of the least-skilled workers and people of color. Historians continue to debate how racially segregated unions were in this period, but this new research finds that nonwhites became more likely than whites to be in a union starting in the early 1940s, and that this trend continued until the late 1970s. (People of color also received a higher union premium.) This rise in union membership among people of color begins around 1941, when President Franklin Roosevelt desegregated the defense industry with 

Executive Order 8802, a move designed to stop a march on Washington planned by civil-rights leaders. As Suresh Naidu, one of the paper’s authors, told The Nation, “Starting around World War II, labor unions became no more likely to be white than the labor market as a whole. Union households would go on to become less likely to be white up and through the civil-rights movement.”

(Continue Reading)

[thevividgreenmoss]

McKinsey claims to be the distillation of the free market at its best, a true meritocracy made up of the top people from the top institutions who are culled through the “up or out” system (if you stop advancing, you’re asked to leave). And if the free market knows best, then why not go to the best of the free market?

And as much as the firm likes to position itself as a truth-teller, objectively scouring the data to come to recommendations, with a group of people who jumped through every hoop to sit at the commanding heights of society, how likely will they be to recommend an idea that challenges their audience (who, almost exclusively, are wealthy, powerful men)? The facts and data all indicate that a single-payer healthcare system would be more effective and cost-efficient, but how likely would McKinsey have been to recommend that to a President Romney looking to solve the healthcare crisis (again, prohibitions on policy aside)?

This belief in the superiority of the free market at the expense of government didn’t start with Romney (or Reagan or Goldwater). In 1958, McKinsey consulted on the organizing of America’s response to Sputnik, NASA. According to historian Christopher McKenna in The World’s Newest Profession:

“From NASA’s establishment, the organizational structure that Glennan and the consultants from McKinsey & Company devised for the space agency promoted the use of outside contractors over building internal expertise… Beyond the bare minimum of internal technical expertise, however, the McKinsey consultants argued that America’s ‘free enterprise society dictates that industry should be given as extensive a role as possible.’”

This approach, “may have dismayed the agency’s engineers, but the response cheered NASA administrators.” By 1964, 90 percent of NASA’s $5 billion budget went to private companies and 350,000 contractors supported 32,500 NASA employees. Bill Clinton’s declaration of the end of big government in 1996 and George W. Bush’s pledge to substitute contractors for half of the remaining federal workforce in 2002 were influenced and made possible by the work that McKinsey did in establishing the contractor state. In an ironic twist, two months before the disastrous rollout of healthcare.gov, McKinsey warned senior White House staff that, “the project lacked comprehensive testing, noted many functions were dependent on contractors and warned against taking risks to meet deadlines.”

The hollowing of NASA was not an isolated event. According to The Firm, in the 1980s, McKinsey helped Carlos Salinas privatize 85 percent of Mexico’s state-owned businesses, Margaret Thatcher do the same in Britain, and West Germany do the same in East Germany. The firm has played a role in privatizing government assets in Latin and Central America, Eastern Europe, and Asia. In some of these cases, privatization was inevitable, but in many, McKinsey made it more likely. Inexperienced leaders looking to make a mark turn to McKinsey for ideas, and they are all too eager to recommend privatization. The firm can point to all of its experience managing privatization elsewhere, as well as the influx of cash and positive Western press about how this shows you’re a “serious reformer.” Beyond the fees, McKinsey is motivated to do this work by its pro-market ideology. That privatization increases inequality, primarily benefits the wealthy, is not immune to corruption, and fundamentally shifts management incentives towards pleasing shareholders and away from the public interest is of little concern to McKinsey.

Beyond the literal privatization of public assets, the steady creep of corporate approaches to governing amounts to privatization in all but name. Government cannot and should not be run like a business, as even the Harvard Business Reviewadmits. One particularly egregious example was McKinsey’s recommendation that the BBC use an internal market to buy and sell services, which led to endless internal negotiations to do tasks as simple as reserving studio time. McKinsey’s perceived success at improving corporate governance has led to calls from publications like the Economist that it may be “McKinsey’s turn to try to sort out Uncle Sam.” In anticipation of the beginning of Obama’s presidency, the magazine unironically hoped that “Obama may favour McKinseyites in much the same way as his predecessor seemed addicted to hiring alumni of Goldman Sachs.” As we all know, the Goldman Sachs-stuffed Treasury Department led to stable markets and steady growth throughout the Bush administration. They go on to hope that Obama hires “the best technocrats” like Ford Motor CEO turned Defense Secretary Robert McNamara. That these two parties contributed to and presided over the financial crisis and Vietnam War respectively apparently does nothing to shake the Economist’s confidence in the wisdom of technocratic businessmen.

...In addition to the favorable regulatory environment, McKinsey’s pro-market, hyper-rational ideas spread through what organizational theorists Paul DiMaggio and Walter Powell call “mimetic isomorphism,” the tendency of institutions facing uncertainty to become more and more alike. In a quest for legitimacy in the eyes of employees, customers, and competitors, “Large organizations choose from a relatively small set of major consulting firms, which, like Johnny Appleseeds, spread a few organizational models throughout the land.” As a result, “…schools assume the structure of the workplace, hospital and university administrations come to resemble the management of for-profit firms, and the modernization of the world economy proceeds unabated.”McKinsey’s reorganization of most of the large companies in post-war Europe demonstrates mimetic isomorphism in action. Facing extreme uncertainty and pressure from American firms, European companies modeled themselves after organizations perceived to be successful (American ones) and relied heavily on a single source of vital resources (McKinsey). Whether American corporate success was due to the decentralized organization model or the fact that their competition was in literal ruins is of little consequence. Decentralization took off because the cool companies decentralized, with McKinsey whispering in their ears. The net effect of these forces was to exacerbate some of the most damaging trends in contemporary life: the growth of wealth inequality and the increased insecurity of private employment.In the 1950s, McKinsey consultant Arch Patton pioneered the field of executive compensation after discovering that worker wages had risen faster than management wages. (Gasp!) This led to a lucrative business: helping executives justify more and more extreme paychecks. According to the Economic Policy Institute, the typical CEO made 20 times the median employee’s compensation in 1965. In 2015, that ratio had climbed to 286. When Patton was asked in the 1980s how he felt about his legacy, he had one word: “Guilty.”

[ellinapark]

Data Historian Market to Scale New Heights as Market Players Focus on Innovations 2022 – 2027

Latest Report Available at Advance Market Analytics, “Data Historian Market” provides pin-point analysis for changing competitive dynamics and a forward looking perspective on different factors driving or restraining industry growth. The global Data Historian market focuses on encompassing major statistical evidence for the Data Historian industry as it offers our readers a value addition on guiding them in encountering the obstacles surrounding the market. A comprehensive addition of several factors such as global distribution, manufacturers, market size, and market factors that affect the global contributions are reported in the study. In addition the Data Historian study also shifts its attention with an in-depth competitive landscape, defined growth opportunities, market share coupled with product type and applications, key companies responsible for the production, and utilized strategies are also marked.Some key players in the global Data Historian market are:

General Electric [United States]

ABB [Switzerland]

Emerson Electric [United States]

Siemens AG [Germany]

AVEVA Group [United Kingdom]

Honeywell [United States]

Rockwell Automation [United States]

OSIsoft [United States]

ICONICS [United States]

IBM [United States]

Yokogawa [Japan]

PTC [United States]

Inductive Automation [United States]

Canary Labs [United States]

Open Automation Software [United States]

InfluxData [United States]

LiveData Utilities [United States]

Industrial Video & Control [United States]

Aspen Technology [United States]

COPA-DATA [Austria]

GP Strategies Corporation [United States] Data historian, Also known as process historian, is a software program which is used to record data with minimum disk space and fast retrieval. It is mostly used as a control system in various industries such as environmental control, automobiles, agriculture and others. Enterprises use data historian to manage rising volumes of data and to reduce cost of data storage.What's Trending in Market: Focus on Cost-effective Solution

Rising Cloud Deployment Model

Challenges: Rising IoT Application

Market Growth Drivers: Growing Industrial Big Data

Need to Manage Data the Data Effectively for Performance and Quality Improvement

The Global Data Historian Market segments and Market Data Break Down8462

Presented By

AMA Research & Media LLP

[phroyd]

We are Indeed!  We are measuring the “Health” of our economy based upon how well only The Wealthy are faring! - Phroyd

Ten years after the collapse of Lehman Brothers, the official economic statistics — the ones that fill news stories, television shows and presidential tweets — say that the American economy is fully recovered.

The unemployment rate is lower than it was before the financial crisis began. The stock market has soared. The total combined output of the American economy, also known as gross domestic product, has risen 20 percent since Lehman collapsed. The crisis is over.

But, of course, it isn’t over. The financial crisis remains the most influential event of the 21st century. It left millions of people — many of whom were already anxious about the economy — feeling much more anxious, if not downright angry. Their frustration has helped create a threat to Western liberal democracy that would have been hard to imagine a decade ago. Far-right political parties are on the rise across Europe, and Britain is leaving the European Union. The United States elected a racist reality-television star who has thrown the presidency into chaos.

Look around, and you can see the lingering effects of the financial crisis just about everywhere — everywhere, that is, except in the most commonly cited economic statistics. So who are you going to believe: those statistics, or your own eyes?

Over the course of history, financial crises — and the long downturns that follow — have reordered American society in all sorts of ways. One of those ways happens to involve the statistics that the government collects. Crises have often highlighted the need for new measures of human well-being.

The unemployment rate was invented in the 1870s in response to concerns about mass joblessness after the Panic of 1873. The government’s measure of national output, now called G.D.P., began during the Great Depression. Senator Robert La Follette, the progressive hero from Wisconsin, introduced the resolution that later led to the measurement of G.D.P., and the great economist Simon Kuznets, later a Nobel laureate, oversaw the first version.

Almost a century later, it is time for a new set of statistics. It’s time for measures that do a better job of capturing the realities of modern American life.

As a technical matter, the current batch of official numbers are perfectly accurate. They also describe some real and important aspects of the American economy. The trouble is that a handful of statistics dominate the public conversation about the economy despite the fact that they provide a misleading portrait of people’s lives. Even worse, the statistics have become more misleading over time.

The main reason is inequality. A small, affluent segment of the population receives a large and growing share of the economy’s bounty. It was true before Lehman Brothers collapsed on Sept. 15, 2008, and it has become even more so since. As a result, statistics that sound as if they describe the broad American economy — like G.D.P. and the Dow Jones industrial average — end up mostly describing the experiences of the affluent.

The stock market, for example, has completely recovered from the financial crisis, and then some. Stocks are now worth almost 60 percent more than when the crisis began in 2007, according to a inflation-adjusted measure from Moody’s Analytics. But wealthy households own the bulk of stocks. Most Americans are much more dependent on their houses. That’s why the net worth of the median household is still about 20 percent lower than it was in early 2007. When television commentators drone on about the Dow, they’re not talking about a good measure of most people’s wealth.

The unemployment rate has also become less meaningful than it once was. In recent decades, the number of idle working-age adults has surged. They are not working, not looking for work, not going to school and not taking care of children. Many of them would like to work, but they can’t find a decent-paying job and have given up looking. They are not counted in the official unemployment rate.

All the while, the federal government and much of the news media continue to act as if the same economic measures that made sense decades ago still make sense today. Habit comes before accuracy.

Fortunately, there is a nascent movement to change that. A team of academic economists — Gabriel Zucman, Emmanuel Saez and Thomas Piketty (the best-selling author on inequality) — has begun publishing a version of G.D.P. that separates out the share of national income flowing to rich, middle class and poor. For now, its data is published with a lag; the most recent available year is 2014. But the work is starting to receive attention from other academics and policy experts.

In the Senate, two Democratic senators, including Chuck Schumer, the party leader, have introduced a bill that would direct the federal government to publish a version of the same data series. Heather Boushey, who runs the Washington Center for Equitable Growth, told me that it could be the most important change in economic data collection in decades.

And there is no reason that data reform needs to be limited to G.D.P. The Labor Department could change the monthly jobs report to give more attention to other unemployment numbers. It could also provide more data on wages, rather than only broad averages. The Federal Reserve, for its part, could publish quarterly estimates of household wealth by economic class.

These changes may sound technocratic. They are technocratic. But they can still be important. Over time, they can subtly shift the way that the country talks about the economy.

“As someone who advises policymakers, I can tell you there is often this shock: ‘The economy is growing. Why aren’t people feeling it,’” Boushey says. “The answer is: Because they literally aren’t feeling it.” She argues — rightly, I think — that the government should not focus on creating wholly new statistics. It should instead change and expand the ones that are already followed closely. Doing so could force the media and policymakers to talk about economic well-being at the same time that they are talking about economic indicators.

It’s worth remembering that the current indicators are not a naturally occurring phenomenon. They are political creations, with the flaws, limitations and choices that politics usually involves.

Take the unemployment rate. It dates to 1878, when a former Civil War officer and Massachusetts politician named Carroll D. Wright was running the state’s Bureau of the Statistics of Labor. Wright thought that the public had an exaggerated sense of the extent of unemployment after the Panic of 1873. He called it “industrial hypochondria.”

So Wright asked town assessors and police officers to count the number of people in their area who were out of work. But he added a caveat that he knew would hold down the number, as Alexander Keyssar, a Harvard historian, has written. Wright wanted the count to include only adult men who “really want employment.” He specifically called for the exclusion of the many men who had effectively given up searching for work because they didn’t think that they could find a job that paid as much as their previous job. Not surprisingly, Wright’s count produced a modest number that, he happily announced, had proved the “croakers” wrong.

Several years later, he received a promotion. He was named the first head of the federal Bureau of Labor Statistics, a job he would hold for 20 years. His original methods from Massachusetts influenced the way that the federal government began calculating unemployment data, and still do to this day. The fact that the official rate ignores millions of discouraged workers is — although Wright wouldn’t have used this phrase — a feature not a bug.

There is no mystery about what a better set of indicators would look like. For the most part, the indicators already exist. They tend to be obscure, however. Some are calculated only once a year or less frequently. Others appear monthly or quarterly, but the media and politicians tend to ignore them. These numbers include: the overall share of working-age adults who are actually working; pay at different points on the income distribution; and the same sort of distribution for net worth (which includes stock holdings, home values and other assets and debts).

The whole point of statistics is to describe reality. When a statistic no longer does so, it’s time to find a new one — not to come up with a convoluted rationale that tries to twist reality to fit the statistic.

The notion that our most prominent economic indicators are problematic has been around for a long time. Kuznets himself, the economist who invented G.D.P. as we know it, cautioned people not to confuse it with “economic welfare.” Most famously, Robert F. Kennedy liked to say during his 1968 presidential campaign that G.D.P. measured everything “except that which makes life worthwhile.”

After all these years, though, we haven’t solved the problem. Maybe it takes a financial crisis to do so.

Phroyd