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Industry Headlines

IMF Raises U.S. Economic Growth Forecast

Tuesday, 17 January 2017  |  Chris Guy

After a lackluster outturn in 2016, economic activity is projected to pick up pace in 2017 and 2018, especially in emerging market and developing econ...

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Industry Headlines

David Paradis Named President of Weir Flow Control Division

3 DAYS AGO

The Weir Group PLC has appointed David Paradis to its group executive as president of the Weir Flow Control Division. He will take up this new role on January 23, 2017. Paradis succeeds John Heasley who was appointed Weir Group CFO in October 2016.

Paradis is currently president of Weir Oil & Gas&r...

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GE, Transocean Announce Performance-Based Service Agreement

5 DAYS AGO

GE Oil & Gas has secured a new contractual service agreement (CSA), valued at approximately $180 million, with Transocean. Under the agreement , GE will provide condition-based monitoring and maintenance services for pressure control equipment on seven of Transocean’s rigs over the next 10 t...

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PA Town Approves $6B Shell Ethane Cracker Plant

19 HOURS AGO

Potter Township in western Pennsylvania has granted a conditional use permit for a $6 billion petrochemical plant to be built by Shell Chemicals. The location was chosen because more than 70% of North American polyethylene customers are within a 700-mile radius of Pittsburgh, PA. More state and fede...

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$4.17B Canadian Trans Mountain Pipeline Expansion Approved

4 DAYS AGO

Kinder Morgan’s Trans Mountain Expansion Project has received its environmental certificate from British Columbia, Canada. The proposed $4.17 billion Trans Mountain Expansion Project would increase the capacity of the pipeline to 890,000 barrels per day. The current capacity of the pipeline is 3...

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IMF Raises U.S. Economic Growth Forecast

-1 DAYS AGO

After a lackluster outturn in 2016, economic activity is projected to pick up pace in 2017 and 2018, especially in emerging market and developing economies. However, the International Monetary Fund (IMF) noted in its new World Economic Outlook, there is a wide dispersion of possible outcomes around ...

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Texas Economy Poised to Shift into ‘Second Gear’ in 2017

19 HOURS AGO

Texas job growth should increase slightly from 1.6% in 2016 to about 2% in 2017, says Federal Reserve Bank of Dallas assistant vice president and senior economist Keith Phillips.

“Job growth picked up in the second half of 2016 due to a stabilization of the energy sector,” Phillips said. ...

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Solving the Problems in Front of You

vmsum11_social_media

Engineers are problem solvers and today, they have some pretty amazing tools to help them with that problem solving. Here’s an example from a recent trip.

I went to a station to refill a rental car with gas before returning it to the agency. As usual, I guessed the wrong side for the gas tank and had to circle around to put the car at the right angle to pump the gas. I couldn’t figure out where the latch to open the gas cap was located, and there was no owner’s manual in the glove box to help.

On my smart phone, I did a quick Google search by voice command using the car make, model and “gas tank door latch” as keywords. The results were an online forum with my answer: the door was latched magnetically and required a gentle push to open. This simple voice search saved me 5 to 10 minutes of hunting around for a non-existent latch and a lot of frustration.

These searches from our PCs, phones, tablets and other devices help us solve problems quickly and painlessly every day. Google and the other search engines, along with the right selection and number of keywords, often help us get an answer to a problem in front of us. Although it’s not foolproof, most times, these methods of finding what we need work great.


IN THE INBOX

For businesses, an important issue today with searching is that a lot of wisdom is trapped in email inboxes and “sent items” folders. Desktop indexing and search software such as the search built into PC operating systems or desktop search applications can find some information. But such tools don’t help us with the information that hasn’t reached our inboxes.

Different approaches ranging from content management systems to blogs, wikis, online collaboration and community software are being tried as search destinations with varying degrees of success. The key element to that success seems to be the number of people willing to participate in each approach and the community that naturally forms from this participation.

Metcalfe’s Law states that: “The value of a telecommunications network is proportional to the square of the number of connected users of the system (n2).” Robert Metcalfe, who is responsible for that principle, also offered this:

…a more insightful and, I think, important contribution to the conversation — that to understand the value of a social network we need to consider not just the number of users but also the affinity between the members of the network.

My take on this is that the fastest path to the information you need is to solve the problem in front of you. If a Google search or question posed to your immediate colleague does not yield a quick answer, you should try your social network. That is, provided you’ve built this network to sufficient size to realize the exponential effects described by Metcalfe’s Law.

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