#Farm Management Software Industry

[marketanalysisdata]

Farm Management Software Market Overview, Competitive Landscape and Forecasts 2030

The global farm management software market size was estimated to be USD 3.30 billion in 2022 and is anticipated to grow at a robust compound annual growth rate (CAGR) of 16.2% from 2023 to 2030. This growth is largely driven by the rising adoption of cloud computing technologies that facilitate real-time data management for farms. FMS integrates advanced Information and Communication Technology (ICT) tools, particularly Internet of Things (IoT) devices and big data analytics, to tackle various resource constraints faced by the agricultural sector. These constraints include the scarcity of energy, water, and labor, as well as pressing social concerns, such as environmental sustainability, animal welfare, and the judicious use of fertilizers, all of which can impact agricultural productivity.

Gather more insights about the market drivers, restrains and growth of the Farm Management Software Market

One key development within farm management is the increased use of site-specific crop management, which allows for precise application of inputs like pesticides, thereby minimizing their use, increasing crop yields, and improving decision-making on the farm. FMS leverages data analytics to analyze historical and real-time data, enabling predictive modeling that can help farmers anticipate crop performance under different environmental conditions. By assessing factors such as weather, soil quality, and crop health, the software provides valuable insights for optimizing fertilization, pest control, and irrigation schedules. Such forecasting can help farmers maximize yield potential, while phenotyping tools enable detailed assessments of various factors influencing crop growth, such as nitrogen levels and soil pH. These insights allow for a better understanding of crop development in response to diverse environmental factors.

Agricultural industry players increasingly recognize the need to incorporate technology to enhance crop production. In developed countries, farm mechanization has boosted profitability within the agricultural sector. Today’s modern agricultural landscape relies on both software and hardware components, with equipment manufacturing incorporating embedded software applications, hardware, and network services to improve operational efficiency.

Solution Segmentation Insights:

The farm management software market is segmented into software and services. In 2022, the software segment held the largest share, accounting for 63.9% of the market revenue. This dominance is attributed to the growing realization of the benefits digital solutions offer to agriculture. Farm management software provides a wide range of benefits to agricultural businesses, such as streamlining operations, optimizing resource use, and improving decision-making through data analytics. Additionally, it aids in better crop planning, efficient inventory tracking, real-time monitoring, and remote access capabilities, which together help increase productivity and profitability.

Technological advancements are driving constant innovation in farm management software to meet evolving industry demands. For instance, in July 2023, Bushel Inc. introduced an automated grain contract entry feature in Bushel Farm, which reduces the need for manual data entry, provides useful marketing insights, offers detailed financial overviews, and helps streamline processes. This innovation empowers farmers with more insightful decision-making tools and improves overall agricultural efficiency.

The services segment is further divided into system integration & consulting, maintenance & support, assisted professional services, and managed services. Among these, the managed services segment held the largest share of 34.8% in 2022 and is expected to remain dominant throughout the forecast period. Managed services are further categorized into data services, farm operation services, and analytics services, while assisted professional services include climate information services and supply chain management services. As farmers seek to enhance productivity and profitability, they are adopting more sophisticated and efficient agricultural practices to ensure high-quality products while maintaining output levels to meet market demands.

Order a free sample PDF of the Farm Management Software Market Intelligence Study, published by Grand View Research.

[marketstudyreport]

Farm Management Software Market Analysis, Size, Research and Economic Growth Report by 2030

The global farm management software market size was estimated to be USD 3.30 billion in 2022 and is anticipated to grow at a robust compound annual growth rate (CAGR) of 16.2% from 2023 to 2030. This growth is largely driven by the rising adoption of cloud computing technologies that facilitate real-time data management for farms. FMS integrates advanced Information and Communication Technology (ICT) tools, particularly Internet of Things (IoT) devices and big data analytics, to tackle various resource constraints faced by the agricultural sector. These constraints include the scarcity of energy, water, and labor, as well as pressing social concerns, such as environmental sustainability, animal welfare, and the judicious use of fertilizers, all of which can impact agricultural productivity.

Gather more insights about the market drivers, restrains and growth of the Farm Management Software Market

One key development within farm management is the increased use of site-specific crop management, which allows for precise application of inputs like pesticides, thereby minimizing their use, increasing crop yields, and improving decision-making on the farm. FMS leverages data analytics to analyze historical and real-time data, enabling predictive modeling that can help farmers anticipate crop performance under different environmental conditions. By assessing factors such as weather, soil quality, and crop health, the software provides valuable insights for optimizing fertilization, pest control, and irrigation schedules. Such forecasting can help farmers maximize yield potential, while phenotyping tools enable detailed assessments of various factors influencing crop growth, such as nitrogen levels and soil pH. These insights allow for a better understanding of crop development in response to diverse environmental factors.

Agricultural industry players increasingly recognize the need to incorporate technology to enhance crop production. In developed countries, farm mechanization has boosted profitability within the agricultural sector. Today’s modern agricultural landscape relies on both software and hardware components, with equipment manufacturing incorporating embedded software applications, hardware, and network services to improve operational efficiency.

Solution Segmentation Insights:

The farm management software market is segmented into software and services. In 2022, the software segment held the largest share, accounting for 63.9% of the market revenue. This dominance is attributed to the growing realization of the benefits digital solutions offer to agriculture. Farm management software provides a wide range of benefits to agricultural businesses, such as streamlining operations, optimizing resource use, and improving decision-making through data analytics. Additionally, it aids in better crop planning, efficient inventory tracking, real-time monitoring, and remote access capabilities, which together help increase productivity and profitability.

Technological advancements are driving constant innovation in farm management software to meet evolving industry demands. For instance, in July 2023, Bushel Inc. introduced an automated grain contract entry feature in Bushel Farm, which reduces the need for manual data entry, provides useful marketing insights, offers detailed financial overviews, and helps streamline processes. This innovation empowers farmers with more insightful decision-making tools and improves overall agricultural efficiency.

The services segment is further divided into system integration & consulting, maintenance & support, assisted professional services, and managed services. Among these, the managed services segment held the largest share of 34.8% in 2022 and is expected to remain dominant throughout the forecast period. Managed services are further categorized into data services, farm operation services, and analytics services, while assisted professional services include climate information services and supply chain management services. As farmers seek to enhance productivity and profitability, they are adopting more sophisticated and efficient agricultural practices to ensure high-quality products while maintaining output levels to meet market demands.

Order a free sample PDF of the Farm Management Software Market Intelligence Study, published by Grand View Research.

[latestmarketresearchnews]

Farm Management Software Industry Size, Trends, Statistics and Analysis Report, 2030

The global farm management software market was valued at USD 3.30 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 16.2% from 2023 to 2030. This growth is primarily driven by the increasing adoption of cloud computing for real-time farm data management, which allows for better decision-making and resource optimization. Farm management software leverages Information Communication Technology (ICT), including the Internet of Things (IoT) and big data analytics, to help farmers overcome challenges related to energy, water, and labor shortages. Additionally, FMS addresses environmental concerns, animal welfare, and fertilizer usage, all of which can negatively impact agricultural productivity.

One of the key factors contributing to the growth of the FMS market is the increased adoption of remote sensing technology in the agriculture sector. Drones and Geographic Information Systems (GIS) have made it easier to use remote sensing devices to capture detailed images of crops and farmland. These images can be analyzed to detect crop water stress, monitor weeds and crop diseases, classify crop species, and map soil properties. Several open-source remote sensing tools are available, including Quantum GIS Semi-Automatic Classification Plugin (SCP), Optical and Radar Federated Earth Observation (ORFEO) toolbox, Opticks, and PolSARPro, which further support the adoption of this technology.

Gather more insights about the market drivers, restrains and growth of the Farm Management Software Market

The use of site-specific crop management (SSCM) is expected to become more prevalent, as it allows farmers to optimize pesticide use, improve crop yields, and make more informed management decisions. Advanced farm management software equipped with data analytics capabilities can process both historical and real-time data to generate predictive models. These models help farmers forecast crop performance under different environmental conditions, providing insights into areas like weather patterns, soil quality, and crop health. By offering these insights, FMS can help farmers make informed decisions about fertilization, pest control, and irrigation. Phenotyping, which involves the analysis of crop traits such as nitrogen depletion and soil pH levels, plays a critical role in understanding crop growth under different environmental conditions, further supporting the efforts to boost crop yields.

Agriculture Type Segmentation Insights:

The farm management software market is segmented based on agriculture type into precision farming, livestock monitoring, smart greenhouses, and others, which include horticulture and fish farming. In 2022, the precision farming segment accounted for the largest share of the market at 43.5%, and it is expected to maintain its dominance throughout the forecast period.

Precision farming is a key driver of the FMS market due to its use of IoT and ICT to optimize resources and maximize yields. By measuring conditions within a field and adapting farming strategies accordingly, precision farming allows growers to control the amount of fertilizers applied to crops, leading to more efficient farming. Both hardware and software tools are used to analyze natural conditions such as soil moisture, temperature, and plant growth in specific fields, allowing for targeted interventions. Key applications of precision farming include yield monitoring, crop scouting, irrigation management, inventory management, and weather tracking. These technologies help farmers make better decisions to enhance crop production while reducing resource consumption.

Precision livestock monitoring is another growing area within farm management software. This technology provides real-time data on livestock health, productivity, and welfare, ensuring that animals are managed in a way that optimizes yield. As the size of dairy farms increases, technological advancements such as precision livestock monitoring are becoming increasingly important. Market players are focusing on launching new products that reduce the costs associated with livestock monitoring and management, making these technologies more accessible to farmers. Additionally, the rise in urban populations has driven growth in the smart greenhouse segment. Smart greenhouses are designed to provide optimal growing conditions for crops by using sensors and automated systems to monitor and adjust variables such as temperature, humidity, and light. This segment is expected to benefit from ongoing urbanization and the growing demand for locally sourced, fresh produce.

In summary, the farm management software market is growing rapidly due to the increasing adoption of advanced technologies that enable more efficient, data-driven agricultural practices. These technologies are helping farmers improve yields, reduce resource consumption, and address various challenges related to agriculture in today's environment.

Order a free sample PDF of the Farm Management Software Market Intelligence Study, published by Grand View Research.

[researchreportinsight]

Farm Management Software Industry Trends, Size, Revenue And Top Key Players, 2030

The global farm management software market was valued at USD 3.30 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 16.2% from 2023 to 2030. This growth is primarily driven by the increasing adoption of cloud computing for real-time farm data management, which allows for better decision-making and resource optimization. Farm management software leverages Information Communication Technology (ICT), including the Internet of Things (IoT) and big data analytics, to help farmers overcome challenges related to energy, water, and labor shortages. Additionally, FMS addresses environmental concerns, animal welfare, and fertilizer usage, all of which can negatively impact agricultural productivity.

One of the key factors contributing to the growth of the FMS market is the increased adoption of remote sensing technology in the agriculture sector. Drones and Geographic Information Systems (GIS) have made it easier to use remote sensing devices to capture detailed images of crops and farmland. These images can be analyzed to detect crop water stress, monitor weeds and crop diseases, classify crop species, and map soil properties. Several open-source remote sensing tools are available, including Quantum GIS Semi-Automatic Classification Plugin (SCP), Optical and Radar Federated Earth Observation (ORFEO) toolbox, Opticks, and PolSARPro, which further support the adoption of this technology.

Gather more insights about the market drivers, restrains and growth of the Farm Management Software Market

The use of site-specific crop management (SSCM) is expected to become more prevalent, as it allows farmers to optimize pesticide use, improve crop yields, and make more informed management decisions. Advanced farm management software equipped with data analytics capabilities can process both historical and real-time data to generate predictive models. These models help farmers forecast crop performance under different environmental conditions, providing insights into areas like weather patterns, soil quality, and crop health. By offering these insights, FMS can help farmers make informed decisions about fertilization, pest control, and irrigation. Phenotyping, which involves the analysis of crop traits such as nitrogen depletion and soil pH levels, plays a critical role in understanding crop growth under different environmental conditions, further supporting the efforts to boost crop yields.

Agriculture Type Segmentation Insights:

The farm management software market is segmented based on agriculture type into precision farming, livestock monitoring, smart greenhouses, and others, which include horticulture and fish farming. In 2022, the precision farming segment accounted for the largest share of the market at 43.5%, and it is expected to maintain its dominance throughout the forecast period.

Precision farming is a key driver of the FMS market due to its use of IoT and ICT to optimize resources and maximize yields. By measuring conditions within a field and adapting farming strategies accordingly, precision farming allows growers to control the amount of fertilizers applied to crops, leading to more efficient farming. Both hardware and software tools are used to analyze natural conditions such as soil moisture, temperature, and plant growth in specific fields, allowing for targeted interventions. Key applications of precision farming include yield monitoring, crop scouting, irrigation management, inventory management, and weather tracking. These technologies help farmers make better decisions to enhance crop production while reducing resource consumption.

Precision livestock monitoring is another growing area within farm management software. This technology provides real-time data on livestock health, productivity, and welfare, ensuring that animals are managed in a way that optimizes yield. As the size of dairy farms increases, technological advancements such as precision livestock monitoring are becoming increasingly important. Market players are focusing on launching new products that reduce the costs associated with livestock monitoring and management, making these technologies more accessible to farmers. Additionally, the rise in urban populations has driven growth in the smart greenhouse segment. Smart greenhouses are designed to provide optimal growing conditions for crops by using sensors and automated systems to monitor and adjust variables such as temperature, humidity, and light. This segment is expected to benefit from ongoing urbanization and the growing demand for locally sourced, fresh produce.

In summary, the farm management software market is growing rapidly due to the increasing adoption of advanced technologies that enable more efficient, data-driven agricultural practices. These technologies are helping farmers improve yields, reduce resource consumption, and address various challenges related to agriculture in today's environment.

Order a free sample PDF of the Farm Management Software Market Intelligence Study, published by Grand View Research.

[industrynewsupdates]

Farm Management Software Market Outlook and Forecast Report, 2030

The global farm management software market size is anticipated to reach USD 10.58 billion by 2030, growing at a CAGR of 16.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. Farm management software has witnessed remarkable growth in the agriculture industry, primarily driven by the need for increased efficiency and productivity, technological advancements, and digital transformation in agriculture. The software provides farmers with valuable tools and features to streamline farm operations, optimize resource utilization, and make data-driven decisions, ultimately enhancing productivity and reducing operational costs. For instance, a modern farm using farm management software can efficiently manage irrigation schedules based on real-time weather data, analyze soil conditions to determine optimal crop varieties, and monitor equipment performance remotely, resulting in higher yields and improved profitability.

The rising awareness of sustainability and environmental concerns has prompted farmers to adopt more eco-friendly practices. Farm management software facilitates site-specific crop management, reducing pesticide usage and minimizing environmental impact. For example, by using data from the software to identify areas with pest infestations, farmers can apply targeted treatments, reducing overall chemical usage and preserving the ecosystem's health. In addition, the integration of precision agriculture technologies with farm management software allows farmers to adopt precise and resource-efficient practices, such as variable rate application of fertilizers, further improving sustainability and resource management on the farm.

Farmers’ increasing focus on crop yield, productivity, and farm efficiency is expected to positively influence the demand in the market over the forecast period. Technologies such as cloud computing and the Internet of Things (IoT) are expected to increase the usage of big data, artificial intelligence, and robots in farming. Big data is essential in providing predictive insights in agriculture, redesigning business processes, and making real-time operational decisions for altering business models.

Gather more insights about the market drivers, restrains and growth of the Farm Management Software Market

Detailed Segmentation:

COVID-19 Impact

The COVID-19 pandemic significantly impacted the farm management software market. As the agricultural sector faced supply chain disruptions and challenges, there was a notable surge in the demand for digital solutions. Farmers sought to minimize physical interactions and optimize farm operations remotely, driving the adoption of farm management software with data analytics and remote monitoring capabilities. Precision agriculture also gained momentum, with farmers leveraging software-integrated tools like GPS-guided equipment and sensors to enhance resource utilization and efficiency.

Agriculture Type Insights

Based on agriculture type, the market has been segmented into precision farming, livestock monitoring, smart greenhouses, and others. The other segment includes horticulture and fish farming. The precision farming segment dominated the overall farm management software market with a share of 43.5% in 2022 and is expected to remain dominant over the forecast period.

Precision farming involves using IoT and Information Communication Technologies (ICT) to preserve resources and optimize yields. It will help the growers control the amount of fertilizers to be applied to the farm field by measuring conditions within a field and adapting the harvesting strategy accordingly. Both hardware and software tools are used to analyze the naturally occurring conditions in every field and are treated accordingly. The key application of precision farming includes yield monitoring, crop scouting, irrigation management, inventory management, and weather tracking.

Deployment Model Insights

Based on deployment model, the market has been segmented into web-based and cloud-based. The cloud-based segment is anticipated to witness the highest CAGR of 17.7% over the forecast period. The cloud-based software solution does not require users to purchase a server to run the farm software. Adopting these solutions is expected to reduce the costs of administering servers, purchasing the servers, software licensing, backups, and security. Furthermore, the solutions can be accessed from mobile phones, PCs, and tablets.

Solution Insights

Based on solution, the market has been segregated into software and services. The software segment dominated with a revenue share of 63.9% in 2022. The growth of the segment can be attributed to the increasing recognition of the advantages that digital solutions bring to the agriculture industry. Farm management software offers various key benefits to agricultural businesses, such as streamlining farm operations, efficient resource management, improved decision-making through data analytics, enhanced crop planning, and better inventory tracking.

Regional Insights

North America dominated the overall market in 2022, with a revenue share of 33.7%. North America has prominent market players such as AgJunction LLC; Farmers Edge Inc.; CropZilla Inc.; and Deere & Company. The region's adoption of precision agriculture practices, efficient resource management, and focus on sustainability drive the demand for farm management software solutions. Additionally, the growing emphasis on data-driven decision-making and advancements in technology contribute to the high market share in North America. These factors enable farmers to optimize their operations, improve productivity, and stay competitive in the evolving agricultural landscape.

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Key Companies & Market Share Insights

The market is competitive and has the presence of several key market players. These players are adopting strategies such as partnerships and collaborations to gain a competitive edge. For instance, in January 2021, Farmers Edge, Inc. announced a partnership with Google Cloud to promote the company’s services and boost the implementation of artificial intelligence, machine learning, and predictive analysis in its program. 

Some prominent players in the global farm management software market include:

• Ag Leader Technology

• AgJunction LLC

• BouMatic

• CropX, Inc.

• CropZilla Inc.

• DeLaval

• DICKEY-john

• Deere & Company

• Corteva

• CNH Industrial

• Trimble Inc.

• Climate LLC.

• Gamaya

• GEA Group Aktiengesellschaft

• Farmers Edge Inc.

• Gronetics

Farm Management Software Market Segmentation

Grand View Research has segmented the global farm management software market based on agriculture type, deployment model, solution, and region:

Farm Management Software Agriculture Type Outlook (Revenue, USD Million, 2017 - 2030)

• Precision Farming

• Livestock Monitoring

• Smart Greenhouse

• Others

Farm Management Software Deployment Model Outlook (Revenue, USD Million, 2017 - 2030)

• Web-based

• Cloud-based

Farm Management Software Solution Outlook (Revenue, USD Million, 2017 - 2030)

• Software

• Services

o System Integration & Consulting

o Maintenance & Support

o Managed Services

o Data Services

o Analytics Services

o Farm Operation Services

o Assisted Professional Services

o Supply Chain Management Services

o Climate Information Services

Farm Management Software Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

o U.S.

o Canada

• Europe

o UK

o Germany

o France

• Asia Pacific

o China

o India

o Japan

o South Korea

o Australia

• Latin America

o Brazil

o Mexico

• Middle East and Africa (MEA)

o Kingdom of Saudi Arabia (KSA)

o UAE

o South Africa

Order a free sample PDF of the Farm Management Software Market Intelligence Study, published by Grand View Research.

[marketinsight1234]

Farm Management Software Market Size, Share, Types, Products, Trends, Growth, Applications and Forecast 2023 to 2030

Farm Management Software Market is estimated to grow from USD 1.1 Billion in 2021 to USD 2.39 Billion by 2028 at a CAGR of 11.7% during the forecast period 2023- 2030.

The farm management software market was experiencing steady growth driven by factors like increasing adoption of technology in agriculture, the need for efficient farm operations, and the rising demand for precision farming techniques. Farm management software encompasses a range of solutions aimed at assisting farmers in various tasks such as crop planning, inventory management, financial management, and machinery tracking. Precision agriculture technologies, including farm management software, were becoming increasingly popular as they enable farmers to optimize inputs such as water, fertilizers, and pesticides, leading to improved productivity and cost savings. Integration of Internet of Things (IoT) sensors and Artificial Intelligence (AI) algorithms into farm management software allowed for real-time monitoring of crop conditions, predictive analytics for yield optimization, and automation of certain farming processes.

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Brief Introduction to the research report.

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Leading players involved in the Farm Management Software Market include:

Deere & Company (US), Trimble Inc. (US), Agjunction Inc. (Canada), Raven Industries Inc. (US), Iteris Inc. (US), AG Leader Technology (Iowa), Dickey-John Corporation (US), Sst Development Group (California), Topcon Positioning Systems Inc (US), The Climate Corporation (US), Conservis Corporation (US), Farmers Edge Inc. (US), Delaval (Sweden), Gea Group AG (Germany), Boumatic LLC (US) and other major players. 

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Segmentation of Farm Management Software Market:

By Type

On-Premises

Cloud Based

By Application

Precision Farming

Livestock Monitoring

Aquaculture Monitoring

Other

By Farm Size

Large

Small

Market Segment by Regions: -

North America (US, Canada, Mexico)

Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

South America (Brazil, Argentina, Rest of SA)

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[mohitbisresearch]

The Europe farm management software and data analytics market (excluding U.K.) was valued at $1,127.1 million in 2022, which is expected to grow with a CAGR of 15.79% and reach $2,345.7 million by 2027. In the European market, farm management software and data analytics solutions are made to improve farmers' operational efficiency and simplify agricultural procedures. By increasing farming methods' openness, these digital solutions lower the likelihood of crop failure. Farmers may easily access all field activities with the use of farm management software, which can be simply accessible through tablets or mobile phones. Insights into farm economics, crop scouting, weather tracking and forecasting, irrigation management, yield monitoring, and field mapping are some of the agricultural industry's primary benefits of these technologies.

[farmerpposts]

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[mitigatedchaos]

General Post for Monday, April 8, 2024

(~1,600 words, 8 mins)

1 - Robot Jobpocalypse Notes: A brief theory that long-term redistribution to manage job losses from automation should consider focusing on inherently more scarce factors of production (land and materials), rather than more dynamic ones (labor and capital).

2 - Niche Smartphone Notes: If the pace of the smartphone industry were slower, niche smartphones might be more feasible.

3 - Coalitional Politics Notes: Many coalition-internal communications take place in public. Possible implications for loyalty vs. truthfulness.

4 - Lab Leak Notes: Separating the "strong" from "weak" lab leak hypothesis for Covid-19.

5 - Property Notes: Not all labor is equally effortful or valuable, so should claims on property be weighted? Entropy implies the gradual degradation of land and products to a "natural condition," which we might expect to either invalidate or weaken a property claim.

-☆☆☆-

1: Robot Jobpocalypse Notes

I've said this before, but I just want to reiterate:

Everyone already knows about the problem where automation can take over a job faster than the economy finds new jobs for those currently employed in that category. (Obviously we could talk about abstract skill capital that they've invested in the job that has now been made less valuable.)

But over the long term, the thing to think about is a bidding up of the prices of land, materials, and energy. For the first two, we can think of this in terms of rents (e.g. "land rents"), as the supply of land is highly inelastic. In theory, the gains from trade should make everyone better off, but that's only if you can bid high enough to get enough resources to survive. If people could always go back to subsistence farming if they had to, the trade would (almost) always make them better off than subsistence farming.

But without land, they can't. It's not just a matter of not selling, as land is taxed, and higher-value uses will bid up the price of the land, and thus the assessed tax.

We want a redistribution that's dynamic and which will respond to changes in market conditions, which won't dampen investment in capital and production, and which is less subject to political capture. Thus the thing to focus on is rent for land and materials, the inherently scarce factors of production, rather than labor (highly responsive to effort) or capital (material configurations).

2: Niche Smartphone Notes

[ @jadagul ]

They're currently putting out a 4.7" rugged phone, which is actually tempting. But if I wanted a keyboard phone from them, the most recent option is the Titan Slim, which came out in 2021 and runs Android 11. (My current phone is on Android 14.)

[...]

They can make some niche phones, but they just can't cover all the niches. There are too many! And because they're a niche producer, they also have lower quality across a variety of metrics: they can't put as many resources into their software stuff because they can't amortize it across nearly as many phones. In order to get the full advantages of a modern industrial toolchain, you need to standardize some stuff so you can spread development work across a ton of devices.

It's interesting to note that the extremely rapid rate of software development, including finding and patching security flaws, is such an obstacle.

In an Elfworld scenario, where some users are buying a phone for 15-25 year use, firms might be able to amortize the costs by updating the model less frequently, and charging more for the base model. They would likely also maintain smaller teams, who would work on the phones for longer.

Smartphones probably won't become such a stable technology for decades, however, and even if they did, we should expect fashion cycles.

3: Coalitional Politics Notes

We've all seen politicians, political operatives, and political party enthusiasts lie a lot. Why don't they lie to (or bullshit (as in speak as though 'indifferent to truth')) outsiders all the time?

There are a number of reasons. One may be that an insider who constantly lies to outsiders all the time could also lie to fellow insiders, and insiders cannot reliably tell whether someone is a general liar or merely a partisan liar.

Since people range in their level of partisanship, this suggests a curve where, from the perspective of someone who is moderately partisan, a speaker can trade some integrity for some partisan loyalty, and vice versa. Someone who has no loyalty and no integrity is of little value. At some point, partisan loyalty will be at odds with the truth due to the inherent contradiction in interests of the coalition members or else just simple imperfection, so someone cannot be both perfectly loyal and perfectly truthful.

For political coalitions, a lot of what is essentially coalition-internal communication takes place in public.

4: Lab Leak Notes

The debate over the potential lab leak origin of Covid-19 has not been settled yet, despite the article on ACX. People are arguing over the individual studies cited in responses to themotte's tracingwoodgrains.

However, we should differentiate between the "strong" lab leak hypothesis and the "weak" lab leak hypothesis.

Strong Hypothesis: Covid-19 was a bioweapon deliberately designed by the government of China and leaked on purpose for some strategic goal.

Weak Hypothesis: Covid-19 was a coronavirus being studied at the lab in Wuhan which studies coronaviruses. This virus may have been the subject of gain-of-function research not intended to create a bioweapon. Subsequently, as the result of an unintentional accident, the virus leaked from the lab, resulting in a global pandemic.

The criticism of the lab leak hypothesis from the more censorious 2020 libs was that, "The lab leak hypothesis is a racist conspiracy theory." The strong hypothesis is a conspiracy theory, but there is no requirement that it is racist - it is sufficient that the government of China openly identify as Communist. The weak hypothesis is neither of these things.

5: Property Notes

There is an Anarcho-Capitalist theory that ownership of unclaimed land is gained by "mixing your labor with it." Many people would ask why this creates a morally-valid indefinite ownership claim.

Alternatively, we could consider a functional decomposition of the operation.

"Mixing your labor" with the land means using [ attention ] to direct [ energy ] to configure [ matter ] according to your intentions. That might mean, for instance, cutting down trees on a lot in order to construct a fence, and then plowing the lot in order to plant a farm for later harvest. However...

Some people may have the intention for the lot, "It should be a wildlife preserve," which looks an awful lot like doing nothing, or perhaps just posting some signs.

Not all labor is of equal intensity. Should someone who uses less labor, or transforms the lot less, have a proportionally lower % claim on the lot? What does a % claim look like as compared to a full claim?

The configuration on the lot will degrade actively with time if it is not maintained. In our example, the wooden fence may break down and rot. Does this degrade the claim on the lot itself?

The metadata about the lot will also be lost, until it may not be feasible to resolve disputing claims of ownership with reasonable certainty.

Back in January, I wrote:

(Side note: The configuration of material inputs, like ore deposits, in the environment, relates to the amount of energy and attention required to recover them. Recycling is mostly about reducing the long-term recovery costs, keeping materials “near the surface.”)

Let's consider an example.

Joe mines a bunch of iron ore beneath a plot of land. The energy and attention required for most desired human uses is reduced.

Joe refines the iron into steel. The energy and attention required for most desired human uses is again reduced. (Did you know 93% of structural steel is recycled?)

Joe shapes the steel into a grill. This reduces the value of the material for other industrial uses, but increases the value for those who want a grill specifically. The steel is now configured as capital equipment.

Joe opens a hamburger shop, and uses the grill to grill hamburgers which he sells to customers.

After deciding to close the hamburger shop, Joe decides to explode the grill for a gender reveal party, scattering pieces all over the lot. The steel has been scattered throughout the environment, increasing the cost in energy and attention to gather it again if someone wants to do something else with it.

The value of the iron is subjective. That's conventional economics. However, there are typical uses that we can say will be common in most near-term human preference environments.

What makes this interesting is that within that common frame, in steps #1 and #2, Joe is pushing the iron up a value gradient. This value addition could then be lost to entropy through abandonment. For instance, in step #1, a landslide could occur, covering the iron back up and requiring it to be mined again. In step #2, the steel could be left out in the rain to rust, requiring it to be refined again.

Preventing this loss to entropy requires active attention and energy. (For instance, securing a nearby hillside to prevent the landslide scenario, or building and maintaining a barn to keep out the rain in the weathering scenario.)

Suppose that Joe abandons the land for 100 years. The steel rusts, and a landslide covers it up. A new prospector, Harold, comes across the land, finds no markings, excavates the rusted iron, refines it to make tools and sells those tools.

Shortly thereafter, Joe returns. Given that the land and materials returned to the natural condition, wouldn't it be strange to invalidate Harold's claim in this scenario?

Supporting a governing system, which could track ownership of the parcel of land and extracted materials, would require ongoing energy and attention on Joe's part. However, the system of deeds and records could be used as an alternative to Joe physically hanging out on the plot of land at all times, which he would have to do anyway to prevent the reversion of the plot of land to the natural condition.

This movement of materials along value and energy gradients is something to consider for a deeper analysis, perhaps oriented towards the development of new ideological principles.

[spann-stann]

Setting Blurb: Present Day CorpEmp

It's 3616 A.D.. The Corporate Empire (or CorpEmp for short, but you should know that by now) has seen a lot, done a lot. Fifteen hundred years since Ignacio I Rotthey united Earth's warlords, eight hundred since Osei Tutu Huangdi III had the displeasure of ordering Earth's nuclear bombardment, and four hundred since the Transhuman Wars almost tore the human species apart. CorpEmp under the Dix-Nipponese dynasty feels more united than ever post-Transhuman Wars, and talks within the Imperial Concert are underway in regards to recolonizing Earth.

Life is decent for the contented citizen. With few exceptions, Imperial workers do their jobs at home, be it the family farm, print-smithy, or workshop. Children of a certain age work alongside their parents, learn the family trade for when it's their turn to inherit it. If that's the line of work they want to test into, of course. Testing into Classes upon coming of age has remained unchanged since the Class System's implementation in the 2100s. Children are tested to determine their role in Imperial society, and are subject to a crash course apprenticeship if they don't test into their parents' class.

Automation has phased out many lines of work deemed "undesirable" (primarily white collar office work). Really, really undesirable jobs are relegated to the penal laborers of the Servile class. With the rise of devices like the print-smithy, industry in CorpEmp has become heavily decentralized. The Great Syndicates, CorpEmp's industrial juggernauts, have managed to survive and adapt. While their own production has diminished, they made up for it by selling proprietary software.

CorpEmp's Solar territory is staring to feel crowded. If there isn't a habitat, there's probably one being planned or under constructed. More and more, families across CorpEmp are signing up for expeditions to further develop the Extrasolar Territories. Bolder ones want to strike out on their own, as CorpEmp expands the list of potential colonization sites.

The Fifth Dynasty, the Imperial House of Dix-Nippon, have been responsible for a relative golden age. But there's an electricity in the air. The current monarch, Lee Himiko, isn't having a good time after her latest chemo session. The other factions are slowly reaching parity in terms of territory and population. The Faytouched have got everyone worried as well, increasing the number of colonial expeditions might increase the number of encounters with the Fay, or worse. Something's gonna happen sooner or later, but this won't be the first something humanity's hyperpower has encountered, and endured.

A(n) (in)complete list of Corporate Empire territories within, and outside the light of Sol:

Sol and Mercury: The Sun is home to a few cults that worship the star, having been renamed Sol Invictus to commemorate humanity's victory over the alien invader. A growing number of extraction/power generation industries have been in development near the star's polar regions.

Mercury is slowly, but surely, being mined for its resources to support the many construction projects across the Solar System. CorpEmp plans to hollow out the entire planet, converting into a massive habitat. Debate rages on if it should be tiered or not. It may take a while, but a thousand year empire is anything but impatient.

Sphere Sovereignty Venus: Terraforming Venus was a long effort involving blood, sweat, tears, dead aliens, and even more blood. The majority CO2 on the planet had frozen prior to the Human-Crystalline War, but weaponizing the terraforming equipment during the war resulted in returning it into the atmosphere. Terraforming wouldn't restart until at the end of the War. Originally a joint project by the Big Three, CorpEmp was the only faction that still had the resources to make the planet a second Earth. For recognition of the many lives lost on the planet, Venus herself was awarded the Anderson Blood Diamond. The scars left on the Ishtar and Aphrodite Terrae are sites of pilgrimage for many Venusians. The dominant Venusian cultures in the 3600s are the Kechua-go of Ishtar Terra, Silavfirika of Aphrodite Terra, and Lada Terra's Eureakan Ulus. For every colony on Venus' surface, there are twice as many habitats orbiting the amber planet. Some are older than the terraforming project.

The Terran Viceroyalties: Don't snicker under your breath that they're not technically "Terran" anymore, they orbit the Earth and that makes them Terran. No, Lunars aren't Terran, shut up. The eight Viceroyalties (Eurmerica, Eurasia, La Hispanidad, the Ummah, Sub-Sahara, Jambudvīpa, Pan-Pacifica, and East Asia, respectively) saw some shuffling of populations during the colonization of the rest of the system, and the Crystalline War. The original right of tribes to secede and confederate (referred to as "Border Fluidity") had to be done away with once CorpEmp's Terran population evacuated to orbital habitats. Eight hundred years later and the tribes and cultures within each Viceroyalty have changed quite a bit quite a bit.

The Blue planet still has some patches that glow in the dark, hordes of volunteer and Serviles are shipped to expedite the Earth's healing. Contact is made with survivors of the nuclear bombardment are made frequently, which may complicate plans to resettle the planet.

Imperial Luna: CorpEmp's, WCOF's, and the UM's Lunar colonies are the oldest in the Solar System, especially after most of Earth's population centers were evacuated and nuked. CorpEmp's leadership (as well as the other human factions) spent the duration of the Human-Crystalline War coordinating the Solar System's defense in the settled lava tubes of Luna. Said lava tubes paved the way for more advanced habitation. Most of the Lunar surface is now dotted with domed habitats. Domes of the Big Three's colonies don't touch, lot of bad blood after the first round of border wars. CorpEmp's Lunar territories tend to be very cosmopolitan, it was hard for CorpEmp's constituent tribes to have the same amount of leg room on Luna than they did on Earth (or would in the other colonies). So, they banded together to become one big Lunar Tribe.

Sphere Sovereignty Mars: Originally, the Big Three treated the red planet as a free-for-all in regards to colonial claims. The threat of competing claims spilling over onto the Earth lead to a formal partition over Mars into its present day borders. CorpEmp's Martian colonies, organized as an autonomous unit called a "Sphere Sovereignty" (a term later given to other colonies) included the Tharsis Rise and Olympus Mons, Tempe Terra, Xanthe Terra, Aonia Terra, Terra Sirenum, and a portion of Cimmeria Terra. The Han-Ashante of Tharsis, Oranians of Tempe Terra, and the Pashtolacchians of the Sirenum highlands are the dominant cultures within the Empire's Martian holdings. The largest industry on Mars at the moment is mining the expended munitions surrounding the mountains-cum-arcologies of Tharsis Rise used in the Human-Crystalline War.

Mars' two moons, Phobos and Deimos, are dotted with mining settlements. Similar to Luna, they are either domed or sealed lava tubes. The Imperial Space Force uses half of Phobos as a massive space port, and construction yards for their motherships.

Sphere Sovereignty Jupiter: During the conclusion of the colonial wars for the Moon and Mars, the Big Three decided to divide the first three outer planets between them. CorpEmp, the biggest of the Big Three, received the biggest gas giant, Jupiter. It's moons are either in the process of being hollowed out or disassembled for artificial habitats. A group that advocated the merger of various historical cultures, the Societal Anachronists, was the first to begin settling CorpEmp's then-newest and largest Sphere Sovereignty. One group of Anachronists, blending the Antebellum American South and Sengoku Japan, gave rise to the current ruling Imperial House. The Rottheys, a cadet branch at least, call the king of planets their home. More adventurous tribes, working on orbital rings around Jupiter, call for the creation of a massive shell covering Jupiter (giving CorpEmp lots of real estate to work with).

Sphere Sovereignty Neptune: When the Human-Crystalline War devolved into "every inner planet is Stalingrad times 1000", CorpEmp designated Neptune as their zone for refugees. While most refugees returned to the inner solar system after the war, some (mostly Terran stock learning of their home's bombardment) decided to remain and make a new life for themselves orbiting the blue giant. Thus, Sphere Sovereignty Neptune was born. The rickety and slapdashed orbitals used to house refugees were phased out in favor of pristine habitats more fitting for an Imperial populace. Much to the Terrans' chagrin, Neptunian Imperials like to advertise themselves as "purer" in culture than the Viceroyalties themselves. Some of the shellworld advocates of Jupiter have migrated to the smaller gas giant, hoping to construct a shell over Neptune as a proof of concept for the larger Jupiter project. Triton is also home to a massive Imperial Space Force base.

Extrasolar Territories: Alpah Centauri, Sirius, Tau Ceti, and TRAPPIST-1 are the systems that have had the most success (as there was no interference from the Fay [that we know of]) as colonial ventures. What was once expeditions made up of several hundred families now fields populations in the low millions. No doubt the small but steady trickle of new arrivals is helping the growth of their populations. Of the colonies in the Extrasolar Territories, the ones in Alpha Centauri are the largest and most developed. The Imperial colonies have been in a low-level conflict with WCOF and UM colonies almost since their beginning. For now, the Big Three's leadership in Sol allow the conflict to persist so long as it doesn't spill over into Sol.

The Faytouched: These colonies' motherships had the misfortune of encountering what are believed to be holes in reality, that lead to another universe (referred to as Fayspace after contact was reestablished with the colonists' descendants). Due to differences in space-time, according to the most popular theory, these motherships were ejected into the past. The colonists, at least most of them, regressed technologically after arriving at their destination. An unfortunate few, uninhabited, show signs of what was either civil conflict aboard the mothership, or slaughtered by what lives in Fayspace, known only as the Fay. The Imperial Armed Forces have dispatched multiple expeditions to help reincorporate these colonies back into CorpEmp, and to learn more about the Fay.

[brookstonalmanac]

Events 6.16 (after 1910)

1911 – IBM founded as the Computing-Tabulating-Recording Company in Endicott, New York. 1922 – General election in the Irish Free State: The pro-Treaty Sinn Féin party wins a large majority. 1925 – Artek, the most famous Young Pioneer camp of the Soviet Union, is established. 1930 – Sovnarkom establishes decree time in the USSR. 1933 – The National Industrial Recovery Act is passed in the United States, allowing businesses to avoid antitrust prosecution if they establish voluntary wage, price, and working condition regulations on an industry-wide basis. 1940 – World War II: Marshal Henri Philippe Pétain becomes Chief of State of Vichy France (Chef de l'État Français). 1940 – A Communist government is installed in Lithuania. 1948 – Members of the Malayan Communist Party kill three British plantation managers in Sungai Siput; in response, British Malaya declares a state of emergency. 1955 – In a futile effort to topple Argentine President Juan Perón, rogue aircraft pilots of the Argentine Navy drop several bombs upon an unarmed crowd demonstrating in favor of Perón in Buenos Aires, killing 364 and injuring at least 800. At the same time on the ground, some soldiers attempt to stage a coup but are suppressed by loyal forces. 1958 – Imre Nagy, Pál Maléter and other leaders of the 1956 Hungarian Uprising are executed. 1961 – While on tour with the Kirov Ballet in Paris, Rudolf Nureyev defects from the Soviet Union. 1963 – Soviet Space Program: Vostok 6 mission: Cosmonaut Valentina Tereshkova becomes the first woman in space. 1963 – In an attempt to resolve the Buddhist crisis in South Vietnam, a Joint Communique was signed between President Ngo Dinh Diem and Buddhist leaders. 1972 – The largest single-site hydroelectric power project in Canada is inaugurated at Churchill Falls Generating Station. 1976 – Soweto uprising: A non-violent march by 15,000 students in Soweto, South Africa, turns into days of rioting when police open fire on the crowd. 1977 – Oracle Corporation is incorporated in Redwood Shores, California, as Software Development Laboratories (SDL), by Larry Ellison, Bob Miner and Ed Oates. 1981 – US President Ronald Reagan awards the Congressional Gold Medal to Ken Taylor, Canada's former ambassador to Iran, for helping six Americans escape from Iran during the hostage crisis of 1979–81; he is the first foreign citizen bestowed the honor. 1989 – Revolutions of 1989: Imre Nagy, the former Hungarian prime minister, is reburied in Budapest following the collapse of Communism in Hungary. 1997 – Fifty people are killed in the Daïat Labguer (M'sila) massacre in Algeria. 2000 – The Secretary-General of the UN reports that Israel has complied with United Nations Security Council Resolution 425, 22 years after its issuance, and completely withdrew from Lebanon. The Resolution does not encompass the Shebaa farms, which is claimed by Israel, Syria and Lebanon. 2002 – Padre Pio is canonized by the Roman Catholic Church. 2010 – Bhutan becomes the first country to institute a total ban on tobacco. 2012 – China successfully launches its Shenzhou 9 spacecraft, carrying three astronauts, including the first female Chinese astronaut Liu Yang, to the Tiangong-1 orbital module. 2012 – The United States Air Force's robotic Boeing X-37B spaceplane returns to Earth after a classified 469-day orbital mission. 2013 – A multi-day cloudburst, centered on the North Indian state of Uttarakhand, causes devastating floods and landslides, becoming the country's worst natural disaster since the 2004 tsunami. 2015 – American businessman Donald Trump announces his campaign to run for President of the United States in the upcoming election. 2016 – Shanghai Disneyland Park, the first Disney Park in Mainland China, opens to the public. 2019 – Upwards of 2,000,000 people participate in the 2019–20 Hong Kong protests, the largest in Hong Kong's history.

[oceanicstarshipping]

Efficient Offshore Crew Management Solutions

When it comes to offshore operations, efficientcrew management is the compass that guides a successful voyage. In the demanding worlds of maritime, oil & gas, and renewable energy, the management of offshore personnel is a complex and critical task. To ensure smooth sailing and boost productivity, it's imperative to stay on top of the latest trends and technologies in offshore crew management. In this blog, we'll explore the key strategies and innovations that are transforming the offshore crew management landscape.

 Understanding Offshore Crew Management

Offshore crew management involves the selection, training, scheduling, and overall supervision of the workforce that operates and maintains offshore installations such as oil rigs, drilling platforms, wind farms, and vessels. It's a multifaceted task that demands meticulous planning, safety protocols, and a keen eye for efficiency.

 The Key Elements of Successful Crew Management

 1. Recruitment and Onboarding

The foundation of offshore crew management is selecting the right personnel. It begins with a thorough recruitment process to identify individuals with the necessary skills, experience, and qualifications. Once selected, a robust onboarding program ensures that new crew members are well-prepared for their roles and responsibilities.

 2. Training and Certification

Continuous training and certification are vital to maintaining a skilled and safety-conscious crew. Industry-specific training programs, emergency response drills, and the acquisition of relevant certifications are essential components of offshore crew management.

 3. Scheduling and Rotation

Efficient scheduling and rotation systems balance the need for continuous operations with crew well-being. Implementing well-thought-out shift schedules, including leave rotations, reduces fatigue and enhances performance.

 4. Safety and Compliance

Safety is paramount in offshore operations. Compliance with industry regulations, rigorous safety procedures, and regular safety drills are essential for offshore crew management.

 Embracing Technology

The digital age has brought forth a wave of innovations in offshore crew management:

 1. Crew Management Software

Specialized software solutions have streamlined the administrative aspects of crew management. They help with crew scheduling, training tracking, and compliance monitoring, making it easier to manage a large workforce across multiple locations.

 2. Communication Technology

Efficient communication is crucial in offshore environments. High-tech communication systems enable real-time connectivity between onshore and offshore personnel, enhancing safety and operational efficiency.

 3. Predictive Analytics

Predictive analytics helps in forecasting crew needs, optimizing schedules, and planning for crew training and certification renewal, reducing downtime and costs.

 Embracing Sustainability

As the world shifts towards sustainable energy solutions, offshore crew management in the renewable energy sector is gaining prominence. Managing diverse crews working on wind farms and offshore renewable projects requires specialized approaches that prioritize sustainability and environmental responsibility.

 Conclusion

Offshore crew management is the linchpin of safe, efficient, and productive offshore operations. By embracing the latest technologies, adhering to best practices, and staying attuned to industry trends, organizations can navigate the seas of offshore crew management with confidence. Whether it's in traditional oil and gas or the burgeoning renewable energy sector, a well-managed crew is the key to success in these challenging environments. So, set your course for success by prioritizing the well-being and productivity of your offshore crew.

Remember, in the world of offshore operations, a well-managed crew is your North Star!

[thestandardoilcompany]

Financial Economics

By. Jacinda Thomas, Masters of Science in Wealth Management

Good Morning,

One of the first things I had to learn as a world class wealth manager was financial economics. Let's dive right in.

First we will break down the meaning of each individual word.

Financial: the study of finance; let's define finance: money or other liquid resources of a government, business, group, or individual

Economics: a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services

There were also other definitions as well.

Now let's think about it: the economy is the revolving circulation of goods or services. And finance is simply money... so it's safe to say that financial economics is money of the circulation of goods and services.

This makes sense. As an ultra high net worth wealth manager, it's important to have a clear understanding of the circulatory money activity of goods and services.

This is one of the things that makes me such a great ultra high net worth wealth manager and advisor. As a person from a family of entrepreneurs I took a keen interest in how business is run from a very, very early age. As mentioned in my opening essay, throughout the last 16 years I've super deep dived into industries of all sorts: autos, mechanics, cars, fashion, retail, style grooming, software engineering, web development, apps, servers, computers, design, restaurants, food, logistics, warehousing, transportation, logistics, shipping/receiving, farming, agriculture, agtech, vertical farming, energy, wind, oil, pellet, real estate, construction, interior design, development, commercial, industrial, residential, art, music, touring, music production, education, teaching, higher learning, politics, government, religion, philanthropy, non-profit, finance products. With the latest being crypto, blockchain, and web3... I'm sure there are a few things I didn't mention, but overall these are few of the fields that I've had genuine authentic non-manufactured interest in. Which is key, genuine interest is rare.

Extremely thoroughbred in regards to understanding how the world works. Which will make me one of the most valuable and highly sought after high net worth wealth managers in the world.

Even the pastors need a pastor.

I understand the economy, the intricacies of how it interacts. And I'm continuously learning in natural ways.

We're never in a hurry, it's important that the table is set properly.

Okay so now let's dive deeper into financial economics.

Our overall assumption just from defining the words is in the ballpark of this definition. The study of the financial system. The study of economic resources allocation over time under conditions of uncertainty. Yes this makes sense. The study of the use and distribution of resources in the financial markets.

Within a semester class we will learn much more to be able to adequately assist our clients and/or firms.

The Canadian lecture on financial economics adds a nice global perspective to our understanding.

The Financial Appetite blog does a lovely job of explaining this. Learn more here: https://www.thefinancialappetite.com/blog/what-is-financial-economics

What Is Financial Economics?

Financial economics is a branch of economics that analyzes how resources are used and distributed in markets. In general, it is the study of choices consumers, business managers, and government officials make to achieve their goals considering that they have limited or scarce resources. Financial decisions will frequently have to take into consideration future events, which can be related to individual stocks, portfolios, or the market as a whole. Financial economics differs from the other branches of economics because it pays particular attention to monetary activities. This branch of economics analyzes how inflation, depression, deflation, recession, prices, and other financial variables impact one another. It applies economic principles to financial markets, corporations, banks, and central banking policies, and uses economic theory to evaluate how time, risk, opportunity costs, and information can produce incentives for a particular decision. Financial economics plays an important role in making investment decisions, identifying risks, and valuing securities and assets.

What a wonderful break down. Let's see what Investopedia has to say.

Financial Economics

What Is Financial Economics?

Financial economics is a branch of economics that analyzes the use and distribution of resources in markets. Financial decisions must often take into account future events, whether those be related to individual stocks, portfolios, or the market as a whole.

KEY TAKEAWAYS

Financial economics analyzes the use and distribution of resources in markets.

It employs economic theory to evaluate how time, risk, opportunity costs, and information can create incentives or disincentives for a particular decision.

Financial economics often involves the creation of sophisticated models to test the variables affecting a particular decision.

How Financial Economics Works

Making financial decisions is not always a straightforward process. Time, risk (uncertainty), opportunity costs, and information can create incentives or disincentives. Financial economics employs economic theory to evaluate how certain things impact decision making, providing investors with the instruments to make the right calls.

Financial economics usually involves the creation of sophisticated models to test the variables affecting a particular decision. Often, these models assume that individuals or institutions making decisions act rationally, though this is not necessarily the case. The irrational behavior of parties has to be taken into account in financial economics as a potential risk factor.

Investopedia compares it to traditional economics.

Financial Economics vs. Traditional Economics

Traditional economics focuses on exchanges in which money is one—but only one—of the items traded. In contrast, financial economics concentrates on exchanges in which money of one type or another is likely to appear on both sides of a trade. 

The financial economist can be distinguished from traditional economists by their focus on monetary activities in which time, uncertainty, options and information play roles. 

Financial Economics Methods

There are many angles to the concept of financial economics. Two of the most prominent are:

Discounting

Decision making over time recognizes the fact that the value of $1 in 10 years' time is less than the value of $1 now. Therefore, the $1 at 10 years must be discounted to allow for risk, inflation, and the simple fact that it is in the future. Failure to discount appropriately can lead to problems, such as underfunded pension schemes.

Risk Management and Diversification

Advertisements for stock market-based financial products must remind potential buyers that the value of investments may fall as well as rise.

Financial institutions are always looking for ways of insuring, or hedging, this risk. It is sometimes possible to hold two highly risky assets but for the overall risk to be low: if share A only performs badly when share B performs well (and vice versa) then the two shares perform a perfect hedge.

An important part of finance is working out the total risk of a portfolio of risky assets, since the total risk may be less than the risk of the individual components.

Let's look at one more source to understand Financial Economics. This time we will view a video:

Take the day to review the materials above. And welcome to Financial Economics.

Jacinda T.Thomas

#jacindathomas #financialeconomics #wealthmanagement

[ajpandey1]

Amazon Web Service & Adobe Experience Manager:- A Journey together (Part-2)

In the fist part we discussed how one day digital market leader meet with the a friend AWS in the Cloud and become very popular pair. Also what gift they bring for the digital marketing persons.

Now AEM asked to come to my home.

So AEM insides about its parts and structure explored.

AEM Platform :

AUTHOR:-

The content and layout of an AEM experience are created and managed in the author environment. It offers features for authoring content modifications, reviewing them, and publishing the approved versions of the content to the publish environment.

PUBLISH:-

The audience receives the experience from publishing environment. With the option to customize the experience based on demographics or targeted messaging, it renders the actual pages.

Both AUTHOR and PUBLISH instances are Java web applications that have identical installed software. They are differentiated by configuration only.

DISPATCHER:-

Dispatcher environment is the responsible for caching (storing) content and Load balancing.Helps realize a fast & dynamic web authoring environment.

Mainly dispatcher works as part of HTTP server like Apache HTTP. It store as much as possible static content according to specified rules.

So end user feel faster accessing of content and reducing load of PUBLISH. The dispatcher places the cached documents in the document root of the web server.

How AEM Store Content in Repository:-

AEM is storing data without any discrimination as it treated all the family member (data) are content only . Its following philosophy of "everything is content" and stored in the same house(Repository).

Its called CRX i.e. implementation of JCR coming from parent Content Repository API for Java and Apache Jackrabbit Oak.

The basement(base) of the building is driven by MK MicroKernels as in the picture its Tar or MongoDB. The Oak storage layer provides an abstraction layer for the actual storage of the content. MK act as driver or persistence layer here. two way of storing content , TAR MK and MongoDB MK.

TAR--> tar files-->segments

The Tar storage uses tar files. It stores the content as various types of records within larger segments. Journals are used to track the latest state of the repository.

MongoDB-->MongoDB database-->node

MongoDB storage leverages its sharding and clustering feature. The repository tree is stored in one MongoDB database where each node is a separate document.

Tar MicroKernel (TarMK)--for-->Performance

MongoDB--for-->scalability

For Publish instances, its always recommended to go with TarMK.

In more than one Publish instance each running on its own Tar MK then this combination is called TarMK Farm. This is the default deployment for publish environments.

Author instance is having freedom to go with either TAR or MongoDB. it depends on the requirement, if its performance oriented and limited number then it can go with the TarMK but if it require more scalable instances then it would go with the MongoDB. TarMK for a single author instance or MongoDB when horizontal scaling.

Now story of TarMK with Author, a cold standby TarMK instance can be configured in another availability zone to provide backup as fail-over.

TarMK is the default persistence system in AEM for both instances, but it can go with different persistent manger (MongoDB).

Gift of TarMK:-performance-optimized,for typical JCR use cases and is very fast, uses an industry-standard data format, can quickly and easily backed up, high performance and reliable data storage, minimal operational overhead and lower total cost of ownership (TCO).

Now story of MongoDB it basically come into picture when more hands required, means more user/author (more than

1,000 users/day, 100 concurrent users)and high volumes of page edits required. To accommodate these horizontal scalability required and solution is with MongoDB. It leverage MongoDB features like high availability, redundancy and automated fail-overs.

MongoDB MK can give lower performance in some scenario as its establish external connection with MongoDB.

A minimum deployment with MongoDB typically involves a

MongoDB replica consisting of

1)one primary node

2)two secondary nodes,

with each node running in its separate availability zone.

AEM--store--binary data--into ---data store.

AEM--store--content data--into ---node store.

And both stored independently.

Amazon Simple Storage Service (Amazon S3) is best high performant option for shared datastore between publish and author instances to store binary files(Assets like image etc).

Continue....

[industrynewsupdates]

Farm Management Software Market Emerging Trends And Forecast, 2030

The global farm management software market size was estimated at USD 3.30 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 16.2% from 2023 to 2030. 

The growth of the market can be attributed to the increasing implementation of cloud computing for real-time farm data management. Farm Management Software (FMS) involves the use of Information Communication Technology (ICT), particularly IoT and big data analytics, to address resource constraints such as shortage of energy, water, and labor and social issues such as environment, animal welfare and use of fertilizers, which negatively influence the agricultural production.

The adoption of remote sensing technology in the agriculture industry has increased due to the emergence of drones and GIS. The images captured through a device featuring remote sensing technology can be used for the detection of cop water stress, monitoring weeds & crop diseases, classification of crop species, and mapping of soil properties. Some open-source remote sensing software includes Quantum GIS Semi-Automatic Classification Plugin (SCP), Optical and Radar Federated Earth Observation (ORFEO) toolbox, Opticks, and PolSARPro.

Gather more insights about the market drivers, restrains and growth of the Farm Management Software Market

Farm Management Software Market Report Highlights

• The emergence of big data, mobile computing, and advanced sensing technology, which supports software, are shaping the market for farm management software

• The precision farming agriculture type dominated the overall market with a share of 43.5% in 2022 and is expected to continue its dominance over the forecast period

• The cloud-based deployment model is expected to witness the highest CAGR of 17.7% over the projected period

• The data collected through sensors and drones are visualized through the platforms developed by the service providers

• The software segment dominated the market in 2022, driven by the increasing recognition of digital solutions' advantages in agriculture, offering streamlined operations, efficient resource management, improved decision-making through data analytics, enhanced crop planning, better inventory tracking, and increased productivity and profitability for farmers

• Managed services are similar to third-party or outsourced services. Most growers adopt managed service providers for drone services as data collection requires special assistance

• North America dominated the market and held a share of 33.7% in 2022, owing to the increased adoption of precision agriculture, sustainability practices, data-driven decision-making, and technological advancements, empowering farmers to enhance productivity and competitiveness in the agricultural industry

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global AI agents market size was valued at USD 3.86 billion in 2023 and is expected to grow at a CAGR of 45.1% from 2024 to 2030.

• The global accelerated processing unit market size was estimated at USD 13.85 billion in 2023 and is projected to grow at a CAGR of 17.5% from 2024 to 2030. 

Farm Management Software Market Segmentation

Grand View Research has segmented the global farm management software market based on agriculture type, deployment model, solution, and region:

Farm Management Software Agriculture Type Outlook (Revenue, USD Million, 2017 - 2030)

• Precision Farming

• Livestock Monitoring

• Smart Greenhouse

• Others

Farm Management Software Deployment Model Outlook (Revenue, USD Million, 2017 - 2030)

• Web-based

• Cloud-based

Farm Management Software Solution Outlook (Revenue, USD Million, 2017 - 2030)

• Software

• Services

o System Integration & Consulting

o Maintenance & Support

o Managed Services

o Data Services

o Analytics Services

o Farm Operation Services

o Assisted Professional Services

o Supply Chain Management Services

o Climate Information Services

Farm Management Software Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

o U.S.

o Canada

• Europe

o UK

o Germany

o France

• Asia Pacific

o China

o India

o Japan

o South Korea

o Australia

• Latin America

o Brazil

o Mexico

• Middle East and Africa (MEA)

o Kingdom of Saudi Arabia (KSA)

o UAE

o South Africa

Order a free sample PDF of the Farm Management Software Market Intelligence Study, published by Grand View Research.