Trending Now

Average Price of U.S. Computer Storage Devices Is $190 per Unit

New Articles

Nanosensors: The Tiny Marvels Revolutionizing Our World

market nanosensors
Global Trade Daily

Nanosensors: The Tiny Marvels Revolutionizing Our World

Leave a comment

In the realm of technology and innovation, size doesn’t always play a role. Nanotechnology, with its microscopic advancements is transforming numerous industries. Among these innovations is the nanosensor—a minuscule yet immensely capable device that has the potential to reshape our world. In this blog post we will delve into the captivating world of nanosensors examining their nature, functionality and remarkable applications across fields.

What are Nanosensors?

Nanosensors are tiny devices that have the ability to detect and respond to changes happening in their surroundings at a molecular or atomic level. Unlike traditional sensors, which are often big and need external sources of power, nanosensors are small enough to be directly inserted into living cells or incorporated into microelectronic systems. This incredible capability makes them extremely versatile, opens up a whole new realm of possibilities for various sensing applications.

One major distinction between nanosensors and traditional sensors lies in their sensitivity. Due to their operation on such a scale nanosensors can pick up even the tiniest alterations occurring in their environment whether its fluctuations in temperature pressure variations or the presence of specific molecules. This remarkable attribute renders them ideal, for an array of applications ranging from medical diagnostics to environmental monitoring.

How do Nanosensors Work?

Nanosensors work by perceiving changes in the environment at the nanoscale level. They comprise components like wires or particles which possess the ability to detect variations in temperature, pressure, light and other relevant factors. Once these components detect a change they transmit a signal to a receiver that converts it into useful information.

An illustration of nanosensors functionality is evident in the field of healthcare. Nanosensors can be effectively utilized to identify biomarkers within the body such as glucose levels or cancer cells. Specifically engineered to interact with biomarkers nanosensors initiate modifications in their electrical properties upon binding with them. These changes are then. Transformed into readings that aid, in diagnosing or monitoring diseases.

Market Overview and Growth Drivers

The global nanosensors market is experiencing growth due to advancements in nanotechnology and the rising demand for accurate and real time sensing solutions. As per Research Nesters predictions the global Nanosensors Market is projected to reach a revenue of USD 8,500 Million by the end of 2033 with an annual growth rate (CAGR) of 12% from 2023 to 2033. In 2022 the market generated USD 500 Million in revenue. This market comprises types of nanosensors designed for specific applications such, as chemical, biological, optical and mechanical sensing.

The Internet of Things (IoT) has completely transformed our way of living life, work and communication. Based on the data it is estimated that there are around 16 billion connected IoT devices. This number is expected to double to 28 billion by the year 2030 due to the increasing demand for nano sensors. Nano sensors are components in IoT devices as they provide real time information on various factors like temperature, humidity and pressure. They are also used in homes, wearable technology and healthcare devices to monitor vital signs and improve patient outcomes.

In addition to that there is a growing trend towards smart homes and buildings for convenience and efficiency. The number of smart buildings worldwide is projected to rise from 46 million this year to 117 million by 2026—an impressive increase of over 150%. Nano sensors play a role in ensuring these systems operate smoothly by delivering real time data on aspects ranging from energy consumption, to air quality. An example illustrating how nano sensors are utilized in homes involves smart thermostats. These innovative devices employ nano sensors to keep track of temperature, humidity levels and occupancy patterns in order to optimize heating and cooling settings. Not does this help homeowner save money on their energy bills but it also contributes to reducing their impact, on the environment by lowering their carbon footprint.

Applications of Nanosensors

Nanosensors operate by employing technologies, like optical, electrical or mechanical methods to identify alterations in their surroundings. Their applications are diverse include monitoring air quality as well as detecting illnesses within the human body. As we continue to explore novel uses for these devices the potential, for their utilization seems boundless.

Medical 

Nanosensors hold potential to revolutionize the field of medicine enabling real time monitoring of patient health. These miniature devices, smaller than cells can be inserted into the body or attached to the skin to keep track of vital signs identify diseases and even administer medication directly to affected cells.

One compelling application of nanosensors in the realm of medicine is their role in cancer detection. By utilizing nanosensors to identify biomarkers in the bloodstream doctors can diagnose cancer at an earlier stage when it is more manageable. Researchers at the Massachusetts Institute of Technology (MIT) have made strides in developing a non-invasive nanosensor for detecting lung cancer. Furthermore, nanosensors can also be employed to monitor the efficacy of cancer treatments by measuring changes, in tumor size and metabolism.

Environmental 

Nanosensors have the potential to completely transform environmental monitoring by providing up to the minute information about the quality of air and water. For example Razzberry, a startup based in the United States has developed portable chemical nanosensors that can detect real time changes in chemicals found in water, soil and the environment. In addition, NT Sensors, a startup offers a variety of nanotube based sensors that can instantly measure the concentration of ions in agricultural samples. These small sensors have the ability to identify pollutants and toxins at levels previously undetectable by traditional methods. This advancement allows for precise and timely responses, to environmental threats.

For example, Nanosensors have the potential to monitor the quality of water in rivers and lakes effectively identifying chemicals and bacteria that can pose a threat to aquatic life and human health. Similarly, when it comes to air quality nanosensors can detect particulate matter and other pollutants enabling us to pinpoint sources of pollution and devise strategies, for emission reduction.

Industrial 

Nanosensors find wide use across various industries serving purposes such as checking the quality of food and pharmaceuticals as well as safeguarding workers, in dangerous work settings.

Industries can enhance their efficiency cut down on costs and minimize waste by utilizing nanosensors to monitor processes in time. For instance, in the field of manufacturing nanosensors have the ability to detect defects in products at a stage enabling adjustments to be made before large quantities are produced. This ultimately saves companies both time and money. In a development reported by the American Chemical Society (ACS) Nano in February 2023 researchers successfully created a self powered nanosensor called triboelectric nanosensor (TENS) using an array of mercury sensitive tellurium nanowires. These remarkable nanosensors are capable of detecting trace amounts of mercury ions present, in water or food and providing instant reports on their presence.

Advantages and Limitations

Nanosensors have advantages compared to traditional sensors. Their compact size allows for integration into various devices and systems. Moreover, they consume energy and can operate at higher frequencies enabling faster and more precise data collection. Additionally, nanosensors are capable of detecting and analyzing multiple parameters making them valuable in complex applications like medical diagnostics and environmental monitoring.

Despite these benefits nanosensors do have some limitations. One significant challenge is their susceptibility to factors such as temperature and humidity which can impact the accuracy and reliability of their measurements. Another drawback is the cost involved in manufacturing nanosensors since it can be quite expensive. Furthermore integrating nanosensors, into existing systems can be a process that requires specialized expertise.

Future of Nanosensors

The potential of nanosensors in the future is truly thrilling. Ongoing research and development are expected to bring about advancements in the capabilities of these minuscule sensors. One field that holds promise for nanosensors is healthcare. By detecting diseases at a stage nanosensors have the potential to save numerous lives. Moreover, they can also play a role in monitoring vital signs and offering real time feedback to both doctors and patients.

Another industry that stands to benefit from nanosensors is environmental monitoring. By detecting pollutants and other harmful substances in the air and water nanosensors could aid in preventing disasters and safeguarding wildlife. Additionally, they could be utilized to monitor food safety ensuring that our food supply remains free, from contaminants.

Conclusion

Nanosensors are often play a crucial role in today’s technology offering the benefits of nanotechnology within reach. These tiny devices have the ability to detect even the slightest changes in our surroundings promising a multitude of improvements in various aspects of our lives. Their potential spans, from transforming healthcare practices to protecting and preserving our environment. As scientists explore frontiers in the realm of nanoscale possibilities nanosensors are poised to become even more indispensable shaping the trajectory of our future.

 

EV emission silicone
Global Logistics, Global Trade Daily, Technology

Costs to Consider When Switching Your Business Car to EV

Leave a comment

Electric vehicles are getting increasingly popular these days, with data from Goldman Sachs predicting that EVs will make up about half of all vehicle purchases worldwide by 2035. Countries worldwide are pushing for more EV adoption, with governments offering perks like number-coding exemptions, streamlined registration processes, and even tax incentives. Proponents are touting electric cars’ lower costs in terms of consumption and maintenance. Because of this, some business owners are starting to shop around to change their business cars to the more environmentally friendly option. But is it really the best choice?

The Costs of Switching to Electric Vehicles For Business

Like all aspects of business, important decisions must be made based on logical and empirical evidence. In this article, we’ll examine the costs associated with switching to an electric vehicle for your business. 

Purchase price

By the end of 2022, the difference between the average cost of an EV and a traditional internal combustion engine (ICE) vehicle was around $16,000. While the upfront cost isn’t the most crucial consideration when switching your business vehicle to an EV, the large price disparity might raise eyebrows and turn a few interested businesses away. In some instances, $16,000 is enough to buy another ICE vehicle.

There are a few reasons why electric cars are more expensive. Here are the notable ones:

  • New Production Requirements: Electric vehicles in their current form are a relatively new technology, which means producing cars is more expensive. Charging infrastructures, regenerative braking, advanced driver assistance systems, interconnectivity protocols for updates, and parts production need to be done from scratch and can bring higher EV prices.
  • Research and Development: Developing existing electric vehicle technology, including efficient electric motors and advanced battery management systems, requires significant investments in research and development. While different governments give manufacturers incentives and allow more relaxed regulatory requirements to increase production, R&D costs are typically passed on to consumers.
  • Battery: Like with the engine assembly for an ICE car, the battery serves as an electric vehicle’s heart and sole energy source. These rechargeable batteries require pricey raw materials like lithium, manganese, and cobalt. 
  • Lower competition: Tight competition is often followed by favorable market prices for any product. And while many car manufacturers are stepping into the EV scene, the market is still not crowded enough to warrant a price war that will make said cars more affordable.
  • Limited Production Scale: EVs have not yet achieved the same mass production level as traditional vehicles (although Elon Musk and Tesla are certainly taking a stab at it with their promised 20 million cars produced yearly by 2030). In the meantime, economies of scale are not fully realized. As production volumes increase and the production process gets cheaper and faster, the cost per unit is expected to decrease.

The silver lining

As with all new and emerging technologies, prices tend to slope downward as time passes. We’ve seen this trend with personal computers, storage devices, televisions, solar panels, etc. Therefore, it’s only reasonable to expect EVs will become cheaper to produce in the future, resulting in more affordable prices for consumers. 

Insurance

Expensive things tend to cost more to insure, and electric vehicles are more expensive than ICE cars. But how much more expensive is it to insure electric vehicles than regular cars? 

A limited study conducted by MoneyGeek involving 17 electric vehicle models found that the EV cars were approximately 15% more expensive to insure, and 15 of the 17 vehicles’ premiums are above the national average for monthly insurance payments. 

Forbes did similar research with a more expanded sample size (41 of the top-selling EVs in 2022) and arrived at the same conclusion. They noted that EV insurance premiums reach up to $2,280 per year and are about $100 more annually than traditional ICE vehicles on average. That extra hundred dollars might not seem like a considerable sum, but it might be a dealbreaker for some businesses. 

Taxes

In the United States, the IRS offers up to $7,500 in tax credits for people and businesses that purchase qualified electric vehicles from 2023 onward. The IRS also expanded its qualifications to include mineral and battery component requirements. 

Several EU member states and Asian countries like the Philippines and China offer similar incentives to promote the adoption of electric vehicles.

However, some taxes are levied against EVs. In the US, for example, 33 states charge EV owners an additional yearly fee to drive their cars. Texas, the state that most recently enacted the tax, is asking EV owners to pay $200 on top of their usual auto registration fees, which will go towards maintaining roads. 

California has a similar arrangement; EV owners pay an additional $100, which goes up annually. Oklahoma charges an annual EV licensing fee based on weight, with vehicles weighing more than 26,000 pounds being charged $2,250 yearly. 

The point is that businesses looking to buy electric vehicles must conduct in-depth research on applicable taxes before switching.

Charging costs

Pure electric vehicles and hybrids can be charged through designated charging stations. Some stations are free to use, while some require payment and may charge based on usage, kilowatt per hour, or charge time. It is no secret that electric vehicle charging is notably cheaper than filling up a gas-powered car or truck. How much cheaper depends on the model and battery size, but we can safely say that it is priced lower than gas or diesel across the board. Some sources claim that a full charge can cost between $10 and $30, which can present massive savings for businesses, especially over extended periods.

However, a few factors can affect charging costs for EVs. Businesses that require multiple EVs for fleet operations may need to look into installing their own charging stations, as public charging stations may not be the most reliable option for their on-demand charging needs. 

Type of charging stations

There are three levels of charging stations. Level 1 chargers are better for residential vehicles due to their slow charging times and other limitations.

Level 2 chargers, meanwhile, are more suited for cars and other light-duty vehicles up to trucks. Each of these stations can cost up to $6,000 to install. 

Level 3 chargers are used for heavy-duty vehicles and can reach up to $80,000 in installation costs. 

Maintenance and repair costs

Traditional ICE vehicles require routine maintenance to keep all systems running in decent condition. The frequent maintenance visits are a direct result of the complexity of a gas-powered vehicle, i.e., more parts mean more points of failure. Electric vehicles have fewer moving parts, so they don’t need to be serviced as frequently. However, not frequent doesn’t mean never. 

Most sources agree that electric vehicles are cheaper to maintain (up to $949 less annually). This is for regular maintenance checks and typical consumable replacements. The biggest cost of EV maintenance comes from its lithium-ion battery. Most EV manufacturers cover battery replacements for the first eight years and 100,000 miles of ownership. Out-of-warranty battery replacements are estimated to cost between $4,400 and an unreasonable-sounding $17,600.

While maintenance is cheaper overall, EVs are more expensive for things like system failure and collision repairs. Minor fender-benders are expected when using any vehicle for business or otherwise. The final cost is highly dependent upon the make and model of the vehicle, but they’re generally more expensive than ICE vehicle repairs because parts aren’t as widely available.

Another thing to consider is the availability of repair. Finding authorized repair shops that handle EVs may be difficult, especially for less urbanized areas. While it is technically possible for businesses to perform DIY repairs, they do run the risk of voiding long-term warranties. Furthermore, proprietary parts like automated systems and computer-controlled functions need specialized attention. 

Are EV vehicles worth it?

Reading through this article might discourage business owners from switching to electric vehicles due to the possible costs. However, we need to remember that EVs also present massive benefits in the long run. From maintenance costs to eliminating fuel expenses, an EV can help businesses save money throughout their operations in many ways. 

Aside from tangible savings, EVs are also immensely beneficial for the environment. Zero-emission vehicles bring us closer to minimizing our carbon footprint and help avert the disastrous effects of climate change. 

Additionally, more brand-centric businesses using EVs can attract more customers — and investors. Environment, Social, and Governance (ESG) investing is becoming increasingly popular as the world becomes more environmentally conscious. 

At the end of the day, it is the business’s responsibility to weigh the potential costs of switching to electric vehicles against their inherent benefits before considering the switch.

women
Global Trade Daily, Technology

Breaking Barriers: Women at the Intersection of Tech and Crypto

Leave a comment

In the male-dominated world of technology and cryptocurrency, women have been steadily breaking down barriers and making their mark in recent years. While there is still a long way to go in achieving gender equality in these industries, the accomplishments and contributions of women at the intersection of tech and crypto are not to be underestimated. In this article, we will explore the challenges they have faced, the progress they have made, and the potential they hold for shaping the future of these fields.

The Gender Gap in Tech and Crypto

The tech and cryptocurrency sectors have long been criticized for their lack of gender diversity. Women have historically been underrepresented in both the workforce and leadership roles. This gender gap can be attributed to various factors, including biases in recruitment and hiring practices, limited access to educational opportunities, and a lack of female role models in these fields.

Pioneering Women in Crypto

Despite these challenges, pioneering women have made significant strides in the cryptocurrency space. Women like Elizabeth Stark, the co-founder of Lightning Labs, and Amber Baldet, the co-founder of Clovyr, have been instrumental in developing blockchain technology and pushing the boundaries of what’s possible in the crypto world.

Stark’s work on the Lightning Network, a second-layer solution for Bitcoin, has been crucial in addressing scalability issues and making microtransactions feasible. Baldet’s company, Clovyr, focuses on simplifying blockchain development and adoption, making it more accessible to businesses and individuals alike.

Women in Leadership Roles

In addition to making important technical contributions, women have also started to occupy leadership roles in prominent crypto companies. Notable examples include Caitlin Long, the CEO and founder of Avanti Bank, and Kristin Smith, the executive director of the Blockchain Association.

Caitlin Long’s Avanti Bank is pioneering the development of a regulatory-compliant bridge between the traditional financial system and cryptocurrency. Kristin Smith’s work at the Blockchain Association involves advocating for sensible crypto regulations in the United States. These women are not only leading their companies but also shaping the future of cryptocurrency policy.

  

Empowering Women in Tech and Crypto

To address the gender gap in tech and crypto, various initiatives and organizations have emerged to empower and support women in these fields. Programs like Women Who Code and Girls Who Code are providing opportunities for girls and women to learn coding and gain hands-on experience in technology. Additionally, conferences like the Women in Crypto Conference are creating spaces for women to connect, share knowledge, and inspire one another.

Challenges and Opportunities

While progress is being made, it’s essential to acknowledge the challenges that women still face in the tech and crypto sectors. Gender bias, workplace harassment, and unequal pay persist as significant issues. Overcoming these obstacles will require concerted efforts from both individuals and organizations.

However, the opportunities for women in tech and crypto are vast and growing. As these industries continue to evolve, there is a growing need for diverse perspectives and talents. Women bring unique insights and skills to the table, and their presence can lead to more inclusive and innovative solutions.

The Future of Tech and Crypto

As women continue to break barriers and make their presence felt in tech and crypto, the future of these industries looks promising. Increased diversity in the workforce and leadership positions will lead to more comprehensive and equitable solutions in blockchain technology, artificial intelligence, and other cutting-edge fields.

Furthermore, women entrepreneurs and innovators are likely to play a significant role in shaping the next generation of cryptocurrency and blockchain applications. Their perspectives on financial inclusion, privacy, and security will drive the development of new projects and products that cater to a broader audience.

Voyager Crypto Withdrawal: A Key Consideration

When discussing the intersection of women in tech and crypto, it’s essential to highlight key aspects that affect both genders. One such aspect is the process of crypto withdrawal on platforms like Voyager. Here are some crucial points to consider:

  • Accessibility for All: Women in tech and crypto are advocates for making platforms like Voyager more user-friendly and accessible to everyone, regardless of gender.
  • Security and Confidence: Ensuring the security of cryptocurrency withdrawals is vital for everyone, but women often emphasize building confidence in the process to encourage broader adoption.
  • Educational Resources: Women are actively engaged in creating educational resources that demystify the process of crypto withdrawal on platforms like Voyager.
  • Supportive Communities: Women-led communities and initiatives are creating spaces where individuals, regardless of their gender, can seek guidance and share experiences related to crypto withdrawals and investments.
  • Advocacy for Equal Access: Women in tech and crypto are advocating for equal access to crypto withdrawal platforms and services, promoting inclusivity and diversity in the crypto space.

Considering these points, it becomes evident that women in the tech and crypto sectors are not only contributing to the development of these industries but also working towards making them more equitable and accessible for all, including issues related to Voyager crypto withdrawals.

Conclusion

The intersection of technology and cryptocurrency is witnessing a transformative shift, thanks to the contributions and determination of women in these fields. While the gender gap remains a significant challenge, progress is being made, and women are increasingly taking on leadership roles, innovating, and advocating for change.

As we look ahead, it’s crucial to continue supporting and empowering women in tech and crypto. By doing so, we can ensure that these industries become more inclusive, diverse, and capable of addressing the complex challenges and opportunities that lie ahead. The future of tech and crypto is undoubtedly brighter with women breaking barriers and leading the way.

 

metaverse
Global Trade Daily, Technology

Understanding How 3D AI Immersive Mixed Reality & Apple May Transform the Metaverse

Leave a comment

One of the most significant changes in technology use for daily tasks is about to create major change for companies, enterprises, business leaders, and even consumers alike. The Metaverse’s immersive mixed reality technology is challenging the notion that any technology could have a greater impact than networked computers, the Internet, or even mobile computing, which was virtually unthinkable just a few short years ago.

Couple this with Apple’s recent entry into the virtual headset market, and companies in every industry have the chance to completely introduce new ways in which they design, produce, train staff, and build products on the manufacturing floor.

How Companies Will Leverage “Digital Twins”

The Metaverse is a virtual environment where people, consumers, and workers can come together to communicate, collaborate, and share through a virtual presence on any device. Knowledge workers and things are represented by “digital twins” in the Metaverse, which is being built by today’s IT leaders. This calls for businesses to create immersive virtual worlds, or metaverses, that will enable staff to virtually collaborate using their digital twins through chats, emails, video calls, and even in-person meetings.

Well-known companies like Microsoft, Accenture, and Facebook, which itself is now called Meta, are all paving the way toward this new reality of business, but there are companies working behind the scenes building immersive reality, modeling and simulation technologies that will ultimately power this new Metaverse. 

What Companies Can Do with the Metaverse

The Metaverse enables people and professionals to interact with one another in an immersive experience once they are able to co-exist in a virtual environment where they exist as avatars, possibly even as holograms in the future. This implies that users of mixed-reality headsets like the HoloLens or Apple’s new headset as well as regular smartphones and laptops can access virtual settings from virtual meeting applications.

In one of the earlier enterprise-level buildouts, Accenture has been developing a “virtual campus” where its employees meet for coffee, parties, presentations and other virtual events. The company also leverages this virtual meeting space when onboarding new employees so they can build their virtual twins.

Modelling is at the center of powering the Metaverse

In this virtual Metaverse, digital twins based on modeling and simulation play a leading role. Simulation allows companies to take copies of the digital twin, run simulations on it and then identify optimizations that are too complex to find by monitoring the physical environment alone.

For enterprises and businesses leveraging the Metaverse, the power of simulation will be a game-changer in a variety of industries, such as optimizing production planning in the automotive sector, accelerating design in the aerospace sector, improving overall production efficiency for construction manufacturers, and increasing accuracy for consumer packaged goods companies. Many companies are poised to use virtual simulation to generate more revenue and make better business decisions.

Optimum immersive reality systems are needed to support ultra-realistic, high-fidelity digital twin visuals during the modeling and simulation process; precise fusion of the virtual on real world in a multi-platform environment and the ability to demonstrate a variety of realistic environments. 

Along with Apple’s new headset, the Metaverse is a new kind of application which is enabled by tight integration between real and virtual worlds. The Metaverse is enabled by multitude of new technologies broadly in five groups as shown below: 

  1. Communications and computing infrastructure:  Metaverse will need to perform large scale compute-heavy tasks, and access large databases to merge the real and virtual world. 
  2. Management Technology: Metaverse will need a lot of resources like energy, compute etc. This layer manages and allocates most optimum resources to run Metaverse. 
  3. Fundamental common technology: AI, Spatio-Temporal consistency are fundamental common technology for Metaverse. 
  4. Virtual Reality object connection: Metaverse will create 1:1 connection between real and virtual world objects and technologies like blockchain, and identity modeling will enable that. 
  5. Virtual Reality Space Convergence: Metaverse will fundamentally need a new medium to interact. AR/VR/MR, BCI, Gaming technologies will enable this.     

The Metaverse is going to be important for all businesses, enterprises and consumers. Today, people and employees can only experience the internet when they log online on their computer or mobile device, but with new connectivity, devices and technologies powered by immersive mixed, we’ll be able to experience the internet all around every single day.

Apple has consistently concentrated on utilizing cutting-edge technologies to produce high-value products that ooze the brand’s promise of quality and sophistication over the past few decades. The company’s new headset has the potential to work in tandem with today’s top cloud-based 3D-AI mixed immersive platforms to assist enterprises and business in almost every industry change the way business is conducted, increasing overall efficiencies, lowering costs, and improving profit potential across the entire spectrum.

About The Author

Dijam Panigrahi is Co-founder and COO of GridRaster Inc., a leading provider of 3D AI cloud-based AR/VR platforms that power compelling high-quality AR/VR experiences on mobile devices for enterprises. For more information, please visit www.gridraster.com. 

 

 

refurbished it
Global Trade Daily, Technology

Top Reasons on Why it is Better to Buy Refurbished IT

Leave a comment

When it’s time to purchase a new laptop, there’s an alternative you may not yet have considered, Refurbished IT. Before dismissing the suggestion, it’s worth spending a few minutes exploring the reasons behind such a statement. To begin with, a refurbished laptop has many advantages, particularly with regard to protecting the environment, sustainability and high performance. Why is it better to buy refurbished IT? Let’s find out.

What is the Meaning of Refurbished?

There is a clear difference between refurbished and second-hand IT. The latter means it’s a laptop that has been used and is sold as seen. Whatever faults the laptop may have, such as water damage or overheated components, they come with it. That’s the main reason why second-hand IT rarely has a warranty. Once you discover its shortcomings, there is no chance of receiving a refund or a replacement.

Although a refurbished laptop has usually endured plenty of action, it’s sold in virtually perfect condition. That’s because it has been completely overhauled by experienced IT technicians. They test every component including the Central Processing Unit (CPU). Any faults are expertly repaired or if that’s not possible, the component is replaced. By the end of the procedure, the refurbished laptop is thoroughly tested and inspected, ensuring it provides the same level of performance as when it was new.

Reassurance of a Warranty

When purchasing a refurbished laptop from a trusted company, you’ll find several safeguards. These may include a full refund within fourteen days if you are not satisfied with the laptop’s performance. You’ll generally receive a warranty that lasts as least twelve months.

Many such companies even offer extended warranties, which should provide you with plenty of reassurance about the quality of their work. You may even be offered regular servicing, ensuring an excellent performance throughout its lifetime.

An Opportunity to Acquire a Powerful Laptop

When you choose a refurbished laptop, you are assured of a reliable, up to date machine at a cost-effective price. Personal laptops can often be 50% less than their original cost, yet their performance is as good as new. If you’d like to upgrade to a business model, a reputable company usually offers a wide range of high performance refurbished laptops.

These may have once been part of an IT department in a large company that has a policy of replacing its equipment on a regular basis. It gives you the opportunity to select a business model at a cost-effective price. In many instances, you can save as much as 80% compared to a new equivalent.

Refurbished Laptops are Secure

When purchasing a second-hand laptop, it might still include data and files from the previous user. By contrast, a refurbished laptop is expertly cleansed. Reputable ITAD companies use various methods such as wiping or overwriting data to render it completely unreadable. In many instances, particularly with business models, the hard drive is usually shredded and replaced.

When purchasing refurbished equipment from a trusted supplier, you won’t inherit someone else’s data. The devices are also reliably checked for security. It ensures they don’t contain hidden code or malicious spyware. You can use a refurbished device with confidence, knowing it’s safe and secure.

Why is it Better to Buy Refurbished IT?

Without doubt, one of the greatest advantages in choosing a refurbished laptop is sustainability. Refurbishing is a strategy that protects the environment while making the most of available resources. It’s an essential part of the circular economy where nothing goes to waste.

According to Forbes, an astonishing 155,000 tons of electronic waste is deposited in UK landfill sites every year. On average, it’s the equivalent of every person discarding 23.9 kilograms of e-waste. Many of the devices are thrown away even if they are still perfectly usable simply to make way for the latest model.

Companies specializing in IT Asset Disposition recycle all the e-waste they collect. If a laptop or component cannot be reused, its valuable metals are retrieved and recycled. Even plastic materials are recycled for alternative use.

Conclusion

When purchasing refurbished equipment from a reputable company, you’ll usually find powerful, up to date laptops that won’t cost a fortune. They are reliably secure and endorsed by a warranty and optional servicing. Most importantly, you’re helping to protect the environment from harmful e-waste. Refurbishing also reduces the demand for raw materials. Purchase a refurbished laptop and you gain reliable sustainability with the benefits of a circular economy.

 

robotics intelligent
Global Trade Daily, Technology

Navigating the Way of Industrial Automation and Robotics

Leave a comment

FMI predicts the Intelligent Power Module Industry to have a CAGR of 11.8% by 2033.

The intelligent power module market is predicted to be worth US$ 1,603.7 million in 2023 and rise to US$ 4,907.3 million by 2033. Demand was initially expanding at a market CAGR of 9.7% between 2018 and 2022.

Due to high power efficiency and low power consumption, the demand for intelligent power modules is well-suited for consumer electronics, smart grids, and other systems. The great advantage of SiC is its enormously improved efficiency. In addition to being quickly adopted in industries that are energy-focused, like electric cars, SiC also improves the efficiency of electronics across industries and helps the world’s carbon footprint. This affects the global growth of the market.

Market Challenges

For the intelligent power module sector to expand quickly, new trends and technologies must be incorporated. Although new technology and its advantages appeal to engineers, creating a control structure is difficult. As a result, the IPM market adopts new technologies at a relatively moderate rate, which is likely to impede the technology’s development.

Key Takeaways

  • By 2033, the intelligent power module market in the United Kingdom is likely to expand, with a CAGR of 23.8%.
  • In 2022, the United States accounted for a share of 19.2% in the intelligent power module sector.
  • The intelligent power module market was significantly expanding, with a size of US$ 1,455.3 million in 2022.
  • By 2033, the intelligent power module market in China is likely to expand, with a CAGR of 20.8%.
  • In 2022, Germany expanded significantly in the intelligent power module business, with an expected share of 7.6%.
  • By 2033, India is projected to expand significantly in the intelligent power module market, with a share of 25.2%.
  • In 2022, Australia developed significantly in the intelligent power module business, with an expected share of 3.1%.
  • Japan’s intelligent power module industry share developed significantly, with a 5.4% share in 2022.
  • In 2022, the IGBT segment led the market with a significant share and is likely to hold a top spot in the market, in terms of type.
  • Based on the application, the consumer electronics market dominated the industry in 2022.

Competitors Winning Strategies

Top companies are releasing updated versions of intelligent power modules; these modules are anticipated to be employed in several applications. To get a competitive advantage in the market, manufacturers are concentrating on crucial strategies to update the system.

Recent Developments

  • Magnachip introduced a new MOSFET 40V version in April 2022 that is vital to vehicle safety and has AEC-Q101 certification. It has a wide range of applications, including BLDC applications for electric oil pumps, electric power steering, engine cooling fans, and battery cooling fans.
  • Infineon Technologies significantly increased its manufacturing capacity for wide bandgap (SiC and GaN) semiconductors in February 2022, bolstering its position as the industry leader in power semiconductors.
  • The business is spending more than US$ 2 billion to construct a third module at its Malaysian facility in Kulim.
  • If completely outfitted, the new module brings in an additional US$ 2 billion in income per year from items made of silicon carbide and gallium nitride.
  • Mitsubishi Electric Corp. presented its newest ultra-compact intelligent power module (IPM), branded as DIPIPMTM Ver.7, in August 2019. This module’s characteristics include less radiation noise, low power consumption, and more flexible heat dissipation.
global Integrated Passive Devices pulp demand power manufacturing
Global Trade Daily, Technology

Electronic Manufacturing Services & their Role in Powering the Modern Era of Technology

Leave a comment

In the age of rapid technological advancement, smart technologies and devices have become integral parts of our daily lives, revolutionizing how we communicate, work, and interact with the world around us. From smart homes and wearable gadgets to connected vehicles and IoT-enabled industrial equipment, these innovations are shaping the future. According to an IoT forecast published by Cisco, in 2023, the number of interconnected devices owned globally was 3.6 per person.

At the heart of bringing these cutting-edge products to market lies the electronic manufacturing services (EMS) market, which is projected to record over 5% CAGR over 2023-2032, as per a report published by Global Market Insights Inc. Smart technologies demand intricate designs and miniaturization to pack advanced functionalities into compact form factors. 

EMS companies possess the expertise to translate complex designs into tangible products. Whether a smart thermostat with a sleek interface or a fitness tracker with sensors that monitor various parameters, EMS providers excel in creating products that seamlessly blend functionality with aesthetics. With the advent of Industry 4.0 and the increasing demand for cutting-edge technologies, electronics manufacturing services will play a crucial role in shaping the future across various industries, including healthcare, renewable energy, and automotive.

EMS emerges as a key smart manufacturing tool

The Fourth Industrial Revolution, also known as Industry 4.0, has ignited widespread change across various industries worldwide. One of the most notable transitions is the increasing adoption of automation, as companies strive to optimize production lines for heightened efficiency, reduced costs, and elevated product quality.

For EMS providers, this translates to harnessing cutting-edge technologies such as automation, the Internet of Things (IoT), 5G, and key Industry 4.0 principles. These innovations empower the creation of smart factories that elevate efficiency, resilience, and customer contentment through seamless integration of machines, processes, and systems. This environment fosters continuous data collection, analysis, and action. By employing this data-centric approach, more informed decisions are made, leading to streamlined processes and enhanced performance.

In March 2022, Huawei, a global front-runner in Information and Communication Technology (ICT), inaugurated the Huawei Local EMS (Electronic Manufacturing Service) Factory in Brazil—a groundbreaking moment marking the nation’s first foray into 5G-powered smart manufacturing. The state-of-the-art facility was equipped with artificial intelligence, cloud, and IoT technologies, to ensure improved production efficiency and productivity. The launch essentially underscored the fusion of advanced tech and manufacturing prowess, propelling the Brazilian manufacturing landscape into a realm of heightened sophistication and innovation, and paving new pathways of success for the EMS industry.

EMS in healthcare technology

The influence of the EMS industry is not limited to consumer electronics; it encompasses the development of several groundbreaking technologies poised to shape the future. Electronics manufacturing service providers play a significant role in producing components for electric vehicles, renewable energy systems, and advanced medical devices, to name a few.

The healthcare sector in particular is at a pivotal juncture in recent years, facing the challenge of handling increased demand, backlogged appointments, staff strikes, and capacity constraints due to several global events, most notably the COVID-19 pandemic. In response to this, many healthcare organizations are embracing digitization, implementing advanced medical technologies and connected devices, and unlocking new possibilities, such as remote patient monitoring (RPM). Based on a report from Global Market Insights Inc, the medical and healthcare segment accounted for over 5% share of the electronic manufacturing services market in 2022. Much of this progress is attributed to government initiatives promoting the digitization and electrification of medical equipment worldwide.

For instance, the World Health Organization (WHO) and European Commission announced the inception of a digital health partnership in June 2023, wherein WHO will adopt the European Union’s system of digital COVID-19 certification. This will pave the way for a global system that enhances mobility and safeguards global citizens against ongoing and future health threats, including pandemics. This initiative represents the foundational step towards the WHO Global Digital Health Certification Network (GDHCN), aimed at delivering improved health for all through an array of digital healthcare products.

The integration of technology, particularly the Internet of Things (IoT) connectivity, is revolutionizing healthcare, offering convenient ways to monitor patient health. RPM technologies hold promise as solutions for the self-management of patient conditions and providing continuous health insights to medical practitioners. Electronics developers are taking note of this trends and actively working to establish targeted EMS facilities for the production of advanced tech-based solutions for the medical domain.

For instance, in August 2021, US-based Kimball Electronics launched a dedicated business unit, Kimball Medical Solutions, offering multifaceted manufacturing solutions for medical customers. Leveraging the full extent of Kimball Electronics’ capabilities, the new business unit was designed to serve as a single-source partner for all medical manufacturing needs, expediting speed to market throughout the product lifecycle and providing comprehensive electronics manufacturing, precision injection-molded plastics, contract manufacturing, assembly, and packaging services.

All in all, the electronics manufacturing services (EMS) market is witnessing an exciting era of transformation and growth. The integration of advanced medical technologies and IoT-driven solutions is revolutionizing patient care, while governments’ initiatives drive digitization and electrification further. As the EMS industry embraces digitization, collaboration, and innovation, smarter factories, enhanced efficiency, and groundbreaking products will power a dynamic landscape that will continue to drive progress and propel businesses into a new era of success.

 

Global Trade Daily, Technology

Applicant Tracking Systems Market: – Delving into Opportunistic Arena

Leave a comment

During the 1970s, the very first applicant tracking systems came into the picture. These early systems were developed to manage job applications manually. Furthermore, the manufacturers began to inculcate advanced features with time. After this, the rise of the internet altered the hiring process remarkably. There were advanced algorithms were introduced and recruiters started to filter out 1000s of companies according to their preferences. 

A survey conducted by Research Nester portrays astonishing results such as:

  • Approximately 91% of Fortune 500 companies utilize ATS.
  • Almost 75.2% of recruiters around the world utilize ATS
  • 62.1% of talent sourcing teams claim that they find out more high-quality candidates in comparison to the applicants. 

Hence, it can be said that this market is expected to flourish in the future. Let us now delve deeper to understand some other aspects.

Features of an Applicant Tracking System

ATS makes it extremely convenient for applicants to apply for various positions. Some key features of ATS are written as follows: –

Resume parsing- In this process, data is extracted from various resumes. Some of the imperative contact information such as educational background, skills experience, and titles. 

Ultra advanced search- This feature enables the person to filter out particular keywords such as experience, education, titles, etc. 

Candidate sourcing- This allows the users to instantly search for identity and reach out to potential candidates for several appropriate applications. 

Email templates- Most of the ATS render templates to ensure all the correspondence.

Multi-channel sourcing- This enables the users to search for various channels including job boards, employee referrals, and social media. 

Advanced analytics and reporting- This system allows the user to generate exhaustive reports on various hiring trends etc.

Facility to schedule interviews- The system is able to automate the interviews and the companies do not have to squander time on rescheduling.

Real-time collaboration- This allows various people from all over the world, and organizations to get involved in the decision-making, sourcing, and decision-making regarding various hires. 

 Automation based on various conditions and events- This means that ATS will only be triggered to do something.

Furthermore, most large corporations utilize some form of applicant tracking system. A research conducted by Research Nester states that approximately 66.1% of large companies and almost 35.2% of small organizations are dependent upon recruitment software. It is quite evident that ATS is here to stay and thrive. 

Advantages of modern ATS: 

Modern applicant tracking systems render various advantages for recruiters and organizations:

-Enhanced productivity: According to a finding of Research Nester, almost 70.5% of the respondents would raise productivity with the help of ATS. 

An ATS allows companies to portray or advertise various job openings and manage candidates efficiently. The increased efficiency enables the companies to manage the recruitment process. 

-Recruiters are able to efficiently and promptly screen numerous applications with the utilization of modern software capabilities. 

– Eliminates the hiring time: Research Nester conducted a survey and found that almost 86.2% of recruiter’s state that using an ATS decreases their time to hire. By the deployment of an ATS, recruiters find a permanent solution. It is able of automating the process of job postings on various boards. 

– Enhanced candidate experience: ATS improves the experience and the well-being of the applicant. These systems decrease the process of hiring and make smooth procedures. 

The Future of Applicant Tracking Systems:

As technology continues to grow, application-tracking systems are going to be ultra-modern. In the future, it can be expected that more modern artificial intelligence algorithms are going to be incorporated into the ATS. There might be the introduction of augmented reality and virtual reality which revolutionize the future. 

The global applicant tracking systems market size was anticipated to garner USD 2.3 billion in the year 2021 and it is anticipated to exhibit USD 4 billion by the end of 2030. The rising demand for digitalization and automation along with the adoption of remote working models is acting as fuel for growth of the market.   

The Asia Pacific region is anticipated to grow at a remarkable CAGR during the forecast period. The reason for this is the high population of applicants for various job opportunities. 

Final notes: 

It is quite evident that the market is holding lucrative opportunities for the future. There is no doubt that AI-powered ATS is going to remain thin demand in the future. These systems are anticipated to be fully integrated with numerous social media platforms like LinkedIn, Facebook, etc. ATS platform will become even more sophisticated with the amalgamation of AI. 

Although, it is prudent to understand the nitty-gritty of any market. It is advisable to know the market challenges and regional analysis so that entrepreneurs can make sound decisions. The knowledge of the market is imperative for taking business to the zenith. 

Author bio

An experienced research writer, strategist, and marketer with a demonstrated history of research in a myriad of industries. I love to distill complex industrial terminologies of market space into simpler terms. 

 

smart logistics storage
Global Logistics, Global Trade Daily

4 Benefits of Integrating an Automated Storage and Retrieval System

Leave a comment

As logistics professionals investigate how to keep productivity high while workers handle an increasing number of items, many believe automated storage and retrieval systems (ASRS) could help them achieve the desired scalability and consistency. An emerging trend involves using artificial intelligence (AI) for even better results. Here are some things leaders can expect by implementing such systems.

1. Raise Order Fulfillment Rates

Many companies must fill more orders than ever, particularly with customers from all over the country or world purchasing goods online and expecting the products to arrive in a matter of days. Logistics professionals must carefully coordinate what happens once goods leave a factory, but they can get off to a strong start by improving the coordination of warehouse-related movements. Automated storage and retrieval systems can help.

One such system — which utilizes AI, smart sensors and robotics — can bring significant workflow advantages. They include picker productivity rates increasing by four to five times, so workers can get more done in less time.

This particular system uses mobile robots to go down aisles, reach individual bins and bring them to the proper workstations. From there, humans can do the necessary processing tasks to prepare products for shipment. Such productivity improvements are particularly advantageous for companies that often deal with demand fluctuations.

For example, many businesses process more orders during the holiday season or when students return to school. ASRS infrastructure supports decision-makers to handle those spikes with ease.

Before investing in ASRS options with built-in AI technology, people should consider which problems they want to overcome or what they hope to achieve. They should then use that information to determine which commercially available systems match their requirements most effectively. Alternatively, custom solutions are possibilities when people have specific needs commercial products don’t yet meet.

2. Integrate ASRS With Warehouse Management Systems

Many logistics leaders find they must use warehouse management systems (WMS) to stay competitive in changing environments. These tools help users with multiple needs. For example, they can rely on the associated data to determine whether they have enough employees to handle anticipated labor needs.

A WMS can also track goods as they move around the warehouse. That’s beneficial for preventing high-value or large shipments from getting lost, which could represent significant losses for the affected companies. Similarly, if a business has ongoing problems with goods getting lost or broken, the WMS could help leaders determine what’s going wrong and why.

Most of today’s leading WMS systems have AI features. These typically assist with resource management, including predicting which products will sell fastest or recommending when people should reorder certain items to avoid unplanned stockouts.

One way to make the most of those offerings is to let the AI guidance shape how people use ASRS infrastructure. Perhaps the WMS algorithms predict a product will sell much faster than others. In that case, people may change how much of the item they have on hand, as well as its location within the automated storage and retrieval system. Those who take that approach should always give themselves ample time to learn how to use AI features.

It’s also important to use artificial intelligence as a guide that supports human expertise without replacing it. Well-trained algorithms can process data much faster than humans, allowing them to spot trends. However, AI tools aren’t perfect, so people should always apply their judgment before approving anything an algorithm suggests.

3. Maximize Available Storage Space

Many warehouse managers face the challenge of accommodating increasingly more products and categories. Such circumstances increasingly push people to investigate storage options. For example, a pallet flow racking system allows storing products up to 20 pallets deep, significantly increasing the warehouse’s available density.

Logistics professionals know how important it is to store things strategically, creating systems that support defined business needs. An ASRS solution is not the only option, but it’s popular due to the benefits of combined density and automation. People can also customize how items get stored in their facilities.

One frequently chosen possibility is the first-in-first-out method. It’s one of the best ways to manage perishable goods in the food, beverage or pharmaceutical industries. This approach means the products in storage the longest are the first ones a company uses. It can prevent items from expiring before customers use or even see them.

Some ASRS infrastructure also lets people take advantage of shallow and deep storage, depending on their needs. One beverage bottler in the Asia-Pacific region has an incredible 12,000 storage locations, allowing the business to handle current and emerging requirements.

When decision-makers want their ASRS to have integrated artificial intelligence features, they must always consider their must-have attributes. Automated storage and retrieval systems with AI are still relatively new. That may mean it’s necessary to have some tradeoffs when people are adamant their new system must include AI.

4. Save Time With Pick-Path Optimization

The pick path is an employee’s route through a warehouse when grabbing items to fill orders. However, most automated storage and retrieval systems also optimize their pick paths to work as efficiently as possible.

One commercially available AI solution reduces congestion and dwell time while minimizing travel distances. It can still achieve those benefits when users store goods in differently-sized containers. This option suits warehouses with up to 20,000 SKUs, providing up to 40% more throughput than manual operations.

Some companies also combine automated storage and retrieval systems with mobile robots to further reduce workers’ time moving through warehouses. That’s a practical way to implement artificial intelligence if the ASRS does not include the technology.

Before using any automated systems in a facility, an excellent starting point is to ask workers which tasks consume most of their time and what could make them more efficient. Their answers may be valuable for planning which ASRS to use so employees can maximize their time.

People should also view pick-path optimization as a constantly changing aspect due to how circumstances shift when items get added or removed from a warehouse. One of the benefits of using AI is the technology can recognize what’s different and make decisions accordingly.

Automated Storage and Retrieval Systems Make Good Business Sense

The four reasons above highlight why logistics professionals commonly choose automated storage and retrieval systems to streamline operations. Selecting options with built-in artificial intelligence are particularly useful for supporting decision-making in high-volume, fast-paced environments.

 

technology
Global Logistics, Global Trade Daily, Technology

What Challenges Technology Brings with The Industrial Revolution

Leave a comment

Recent tech advancements have opened doors to various new opportunities. Automation, digitalization, and data analytics– technologies like these are now a part of the industrial revolution, driving innovation and fostering growth in the industry. However, the merge of industrial revolution and technology comes with challenges too. Let’s discover what this alliance can offer and how to battle the obstacles and reshape the future. 

How Technology Is Transforming Industries

Another industrial revolution is emerging with the help of advanced technology, bringing significant good and bad changes. The traditional industrial processes are no longer fruitful because of the automation, digitalization, and revolution of processes. Staying in the competition is crucial for businesses, making them shift from traditional to advanced processes. 

This shift is entirely changing the business landscape while playing a key role in decision-making. Since data and analytics are more critical in the digital age, they influence decision-making. 

Find out how automation, digitization, data analytics, and advanced manufactured processes have changed the landscape of traditional processes and decision-making below: 

Automation in Industries Creating Job Displacement 

Robotics and artificial intelligence advancements have streamlined a vast portion of industrial processes. Automation technology has eliminated repetitive tasks and routines, creating job losses in some industries. 

Although this reduced the dependency on manual labor, it also made the processes more productive and efficient. Such job displacement is short-term as automation also raises the demand for reskilling and upskilling workers who can handle higher-value jobs. Now the industrial workforce is going through a revolution as it requires the power of unique human skills. 

Industrial Digitalization Gives Rise to New Business Models 

Newer technology enabled the digitalization of technologies where businesses are switching from traditional processes to digital workflows. Digitalization helps businesses streamline operations, improve customer experiences, and develop new business models. 

Digitalization is emerging with new opportunities. Companies can now enhance efficiency, personalize offerings, and explore innovative revenue streams utilizing many digital platforms, cloud computing, and data analytics. 

Data and Analytics Helping in Decision-Making 

Technologies like machine learning, big data analytics, and predictive modeling are now used to extract valuable insights. Businesses are using such technologies to collect data for high-level decision-making. The boom in data and analytics has helped businesses optimize operations, target customers, and develop informed strategies. Furthermore, data analysis also helps companies cope with market changes and improve customer satisfaction. 

Manufacturing Technologies Powering Up Production & Distribution 

Advanced manufacturing technologies have emerged as a powerful force in transforming industries. For example, 3D printing is now used for complex and customized object creation, reducing prototyping costs while improving production. 

Changes in manufacturing technologies allow businesses to reduce costs and improve efficiency. This also opens up a new array of distribution scopes using the latest retail models. Allowing businesses to reach global customers. 

The Rise of The Digital Economy

Technology has unlocked new growth opportunities. Advanced communication and a range of digital facilities allowing businesses to build an online presence, adapt new economic activities, and easily reach global audiences. 

Such advancements have led to the rise of the digital economy. More businesses are coming online where they can easily access the global market. Entrepreneurs, small businesses, and established companies can grow and scale by leveraging the latest technologies. 

Challenges Brought by Recent Technological Revolution 

Technological advancements have indeed brought significant benefits and opportunities. But there are also some challenges on the path. Two major challenges are the rise of the gig economy and the digital divide.

The gig economy leads to a shift in the workforce. It offers flexibility and independence to workers but lacks traditional employment stability. Gig workers often face income instability, limited access to social protections, and a lack of job security.

The new employment models seek employees with technology skills. This workforce transformation poses a bigger challenge for those with limited access to the latest technology. In parts of the world, access to the Internet, education, and technological training is still limited. This is why not everyone can participate in this technology-based economy, which creates new inequalities and a digital divide. 

Ensuring an Inclusive Economic Development

We cannot stop the technological boom reshaping the economy and throwing some challenges in our way. Instead, we can take measures to navigate the obstacles and embrace the revolving technologies to ensure inclusive economic development. 

To tackle the challenges, government, businesses, and individuals should come forward and make efforts. Individuals should put efforts to fit into the changing economy. For this, they should work on themselves and update their skills regularly. Governments and businesses should support this skill improvement by offering education and training. In such cases, adaptation of policy and regulation is also necessary to keep things fair and balanced.

The digital divide is another concern the government should address. They need to promote policies that encourage businesses to make solutions to meet the needs of a diverse user base. For that, leaders can offer trophies or certificates as encouragement. It’s crucial that everyone, including government and businesses, understand the role of ethical implications. 

Mike Szczesny is the owner and vice president of EDCO Awards & Specialties, a dedicated supplier of employee recognition products and trophies, branded merchandise, and athletic awards. Szczesny takes pride in EDCO’s ability to help companies go the extra mile in expressing gratitude and appreciation to their employees. He resides in Fort Lauderdale, Florida.