Emerson to acquire Paradigm for $510 million

Industrial automation company Emerson has reached a deal to acquire Paradigm, a provider of software solutions for the oil and gas industry. 

The purchase price is $510 million, which Emerson says reflects a multiple of 13 times expected 2017 EBITDA.

Emerson says it will combine Paradigm with its existing Roxar software business to provide an exploration and production software portfolio with offerings spanning seismic processing and interpretation to production modeling.  Continue reading Emerson to acquire Paradigm for $510 million

Goodyear sketches out our spherical wheels idea after we mention it on this website

we came up with the idea first
We came up with the idea first

Well, if you ever doubted this website’s ideas, you probably won’t any more, especially after we show you this.

Good ideas are hard to come by, and one gem of concept nonchalantly offered to readers of Robotics and Automation News was spherical wheels.

In an article about how German technologists are looking to develop wheels that operate independently, one of my colleagues suggested spherical wheels, like ball bearings, held to the car using magnets.

Maglev trains were not mentioned, but they don’t need to be, since it’s the first thing that comes to mind when you say magnets in such a context. Think of those giant maglev train networks in China – that’s exactly what the writer was thinking at the time.

We haven‘t looked into it much, not even googled it, but we believe our website could be the first to ever mention spherical wheels in a serious technology context.

Exhibit A: The spherical wheel idea was ours 

Goodyear has just shown some designs for a spherical wheel, as reported on Dezeen.com. It only takes a few minutes to create images using computer software – on any application. It’s as easy as a gear shift manoeuvre.

But it takes a genuinely creative mind to achieve paradigm shifts, and come up with ideas that change the whole game. And we would obviously claim that maybe, just maybe, we came up with that idea first.

Or perhaps it was a coincidence. Who knows? Seriously. Who knows?

From fewer human workers to no human workers. That’s the way things are going, says Genpact

Paul Burton, senior vice president, analytics and research
Paul Burton, senior vice president, analytics and research

Not very far into the future, business leaders will no longer be asking, “How can I achieve this objective with fewer human resources?”, instead they will be asking, “How can I achieve this objective with no human resources?” 

That is the view of Paul Burton, senior vice president, analytics and research, Genpact. 

In a very thorough and extended blog on the subject of business process outsourcing and related subjects, Burton claims there will be a “fundamental paradigm shift” in the way enterprises approach the objective of efficiency.

Burton writes: “We believe that disruption in our industry will result from a fundamental shift in the BPO paradigm. No longer will we (or our competitors) ask how we can operate a particular process more efficiently with fewer, and less expensive, human resources.

“Instead, our point of departure will be from a new paradigm, one in which the framing question is: how do we operate this particular process with no human resources? When you start with this proposition, everything about the way you approach the problem changes.”

Full article at Genpact.com.