UK's Business SENSE by yourDragonXi Δ 21th of February 2019 Ω 8:05 AM

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~ Generation Investment Management LLP ~ Surrey ~ Security	~ Supply Government ~ Vodafone ~ BT	~ p4health ~ BrainTree ~ Brexit
~ Insurance ~ Bristol ~ AFE	~ AWE ~ CIP ~ Coherent	~ Stock Options ~ Starbust ~ sense for Ξ
~ sense for Ξ ~ sense for Ξ ~ sense for Ξ	~ sense for Ξ ~ sense for Ξ ~ sense for Ξ	~ sense for Ξ ~ sense for Ξ ~ sense for Ξ
~ sense for Ξ ~ sense for Ξ ~ sense for Ξ	~ sense for Ξ ~ sense for Ξ ~ sense for Ξ	ξ ξ ξ
«Business Sensing	ξ	ξ
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~ Generation Investment Management LLP

»Generation Investment Management LLP

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~ Surrey

»University of Surrey

Professor Rahim Tafazolli

ξ Head of the Institute for Communication Systems
ξ wireless communications

Air Interface

ξ antenna theory, information theory, communication theory, advanced signal processing and cognitive theory
ξ green energy, green spectrum, 2G, 3G, 4G, and 5G mobile networks
ξ next generation satellite communications

Future Internet technologies

ξ Information centric networking (ICN)
ξ the control of smart energy grids

Cognitive radio technologies

ξ Cognitive radio is an intelligent radio
ξ has the ability of self-reconfiguration and adaptation to the communication environment

Radio Access System (RAS)

ξ Femtocell Networks
ξ Vehicular Networks
ξ Self-organising Networks

Security

ξ Centralised and distributed key management systems
ξ Delay Tolerant Networks (DTN)
ξ User privacy, anonymity and ID management including Intelligent Transport Systems (ITS)
ξ Location Based Encryption

Knowledge and Data Engineering

ξ data analytics and knowledge management in large scale distributed and pervasive systems
ξ context-aware systems, pervasive computing,
ξ Internet of Things, Internet of Services, Machine-to-Machine communications,
ξ semantic technologies and AI, biologically inspired algorithms for complex systems,
ξ modelling and managing distributed systems,
ξ Future Internet and Future Web, semantic interoperability and
ξ data analytics in Cyber-Physical Systems

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~ Security

»IFSEC Expo in Birghingham

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~ Vodafone

»Vodafone

PHT Corporation speeds clinical trial times with Vodafone global M2M technology

Connecting the PHT electronic clinical outcome assessment (eCOA) system to Vodafone’s global M2M network.
using Vodafone’s global M2M network, PHT provides pharmaceutical trial sponsors real-time access to patient data
enabling them to collect higher quality data and make faster research decisions with confidence.
currently the PHT eCOA System is used to collect data in hundreds of clinical trials in more than 75 countries.
over the next three years, PHT will deliver thousands of tablets embedded with the Vodafone M2M SIM
to clinical research sites across North and South America, Europe, Asia, and Africa.
PHT will manage connections through the Vodafone Global M2M Platform to help ensure ease of use and satisfaction for patients and sites.
clinical trial participants record information about their symptoms and
xperiences in the PHT SitePad® mobile tablet
which stores all data collected privately and securely.
the SitePad mobile tablet connects to StudyWorks,
the PHT study management and patient data portal over the secure Vodafone global M2M network
where all patient trial data will then be available for review, reporting and comparison.
Clinical trials are conducted globally and ensuring every patient and
clinical site can enter and send critical data regularly and reliably
is challenging as connectivity is not uniform across the world,"
said Sheila Rocchio, Vice President of Marketing and Corporate Strategy, PHT.
Partnering with Vodafone has given PHT greater flexibility and reliability
in data connectivity across the globe helping to increase end user satisfaction with the PHT eCOA system."
Vodafone’s Head of M2M for the Americas Andrew Morawski said,
"Vodafone’s M2M technology is helping to transform lives.
We’re delighted to work with PHT to enhance the effectiveness of clinical studies and
make it easier to develop safe and innovative treatments for patients."
PHT services 18 of the 20 largest pharmaceutical companies and
more than 140 pharmaceutical companies in 75 countries.
»PHT

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~ BT

»BT

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~ 4health

»4health

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~ BrainTree

»BrainTree
ξ a research company committed to developing strong artificial intelligence
ξ intelligent systems for big data optimisation

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~ Brexit

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No Deal Leaving
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ξ consequence of leaving without a deal would be that trade with the EU would revert to “WTO rules”
ξ UK already trades under WTO rules with the US
ξ exports to the US are worth about £88bn per year
ξ WTO rules mean the EU couldn’t impose punitive tariffs on UK out of spite
ξ it would have to treat UK exporters in broadly the same manner as those from the US
ξ that means average tariffs on UK exports to the EU would be fairly low, perhaps only 4-5%
ξ EU tariffs for agricultural products average 30-40%
ξ tariffs of 10% on cars would be bad
ξ no deal would disturb integrated pan-European supply chains
ξ parts used in Nissan’s Sunderland plant come from all over the EU
ξ equally UK suppliers export components to Renault and Fiat
ξ extra costs and, more importantly, time spent when introducing new customs controls
ξ pharmaceuticals, one of the most important export sectors, would suffer most
ξ to sell a drug in the EU, companies now need to get it approved by the European regulator,
ξ the European Medicines Agency, which is in London
ξ after Brexit, it will move to another member state
ξ UK drug companies will still need EMA approval if they want to market their products in the rest of Europe
ξ UK will set up own regulator – which will take time and money, and
ξ even then manufacturers will not necessarily see getting UK approval as a priority,
ξ given that the UK market is much smaller than that of the EU or US
ξ or will UK simply find a way of rubber-stamping approvals by an agency in which UK no longer has any role
ξ in aviation or chemicals, the issues are even more complicated – legally, technically and, perhaps, politically

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Jobs in UK hard to fill
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ξ it is becoming increasingly hard to attract this kind of employee to Britain
ξ because of the collapse in the pound
ξ Britain’s continental workforce is holding another referendum, but this time with its feet
ξ a record number of nurses from the EU are already quitting the NHS
ξ it is likely to get worse once the prime minister has triggered article 50
ξ the number of EU-born workers in the UK fell by 50,000 between October and December 2016 to 2.3 million
ξ in a decline led by people working in banking, the public sector and construction
ξ a shortage of labour is starting to be felt across the economy, from construction, farming and manufacturing to care homes, hotels and restaurants
ξ many businesses, according to the Bank of England, are having trouble hiring from abroad
ξ some are renting houses for employees or providing minibuses to ferry people to work

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Britain’s % EU migrant workers by sector
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14 Accommodation and food services
11 Manufacturing
9 Transport and Storage
6 Information and Communication
7 Financial and insurance activities
6 Wholesale, retail, repair of vehicles
8 Construction
6 Prof, scientific, technical activities
8 Agriculture, forestry and fishing
5 Health and social work
5 Education

Workforces in hotels and restaurants, manufacturers and transport are made up, respectively,
of 33%, 23% and 20% non-UK nationals.

Arcadis, a construction consultancy, says the end of free movement of labour and the introduction of a visa system
could easily add hundreds of thousands of pounds to individual companies’ costs.
At Arcadis alone, 5% of a 4,000-strong UK workforce hail from the EU.
Assuming a three-year visa cost of £3,000 plus the Home Office’s new skills surcharge of £1,000 a year,
this would mean hiring 200 EU workers would come with a £1.2m bill.
Hiring a chef, a fruit-picker or a builder is about to get more expensive.

Farming
Total workers: 385,000
UK-born: 328,000
EU-born: 30,000
Non-EU-born: 27,000
fruit-farming industry employs 29,000 seasonal workers
Horticulture overall relies on 85,000 seasonal workers

Hotels and restaurants
Total workers: 1.9 million
UK-born 1.3 million
EU-born 265,000
Non-EU-born 369,000
Hotels, cafes and restaurants rely heavily on non-UK workers.
Just one in 50 applicants for jobs at Pret A Manger is British

Construction

Total workers: 2.4 million
UK-born: 2.1 million
EU-born: 192,000
Non-EU-born 201,000
construction industry could lose more than 175,000 employees – or 8% of the sector’s workforce –
if the UK loses access to the European single market

Manufacturing
Total workers: 3.4 million
UK-born: 2.6 million
EU-born: 362,000
Non-EU born: 417,000
The food and drink industry, the largest UK manufacturing sector, employs 115,000 EU nationals

Health and social care

Total workers: 4.4 million
UK-born: 3.7 million
EU-born: 217,000
Non-EU-born: 430,000

Fears are growing that Brexit will lead to a staffing crisis in health and social care.
A record number of nurses from the EU is leaving the NHS, and
the number of EU nationals registering as nurses in England has plunged 92% since the referendum.
And pressures will only grow, because a third of doctors plan to retire by 2020.

Care homes, where underfunding and recruitment problems have reached crisis levels,
are also hugely reliant on EU-born workers.
Their number shot up by more than 40% between December 2013 and September 2016 to 92,000,
the most recent date for which figures are available.
European workers make up 7% of a social care workforce of 1.34 million (in London the proportion is 12%).
the real issue is recruiting new staff
social care system lacks the funds to pay higher salaries,
which means many Britons don’t want to work in care homes

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UK to use EU deals tailored to non-EU partners
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ξ Britain is looking for ways to take on the EU’s free trade deals with countries around the world after Brexit
ξ then use its new independence to cut taxes and regulatory barriers to trade, boosting the power of the deals
ξ ministers are touring the scores of countries
ξ which have trade agreements with the EU
ξ to see if they are willing to copy the deals over directly to a post-Brexit Britain

ξ they are looking at making this an interim position
ξ with the aim of making an even freer deal later,
ξ because existing deals include chunks of protectionism
ξ added in by other EU governments in the negotiation stages previously

ξ government is only scoping out the idea
ξ trade analysts believe it could be a success

ξ Britain might not have as much clout as the EU in negotiations
ξ however, the UK is typically more willing to offer access to its markets, and
ξ can strike a deal much more quickly

ξ the EU-Canada deal, known as CETA, took seven years to conclude
ξ as different countries, and even the Belgian region of Wallonia, had their own extra demands

ξ deals could be concluded relatively quickly because templates are already in place

ξ EU tends to ban genetically modified crops
ξ while the UK is more keen to grow its cutting edge scientific industries

ξ many countries may want to use the UK as a shop window for their goods

ξ a more difficult point is arranging deals in services,
ξ the more dominant part of the UK economy,
ξ because trade deals usually only include goods

Banks and Brexit
ξ U.K.’s trade surplus in financial services reached a record high of £63.4 billion ($78 billion) 2015
ξ adding related professional services takes the surplus to £71.9 billion
ξ London accounts for 37 percent of global currency trading and 70 percent of secondary market bond transactions
ξ It hosts the greatest number of foreign banks
ξ London has the highest share of international equity markets in the world, with more than 518 foreign companies listed
ξ London’s power provides target for EU governments in the Brexit negotiations, as many of them seek to woo banking talent to their shores
ξ financial services are one of the U.K.’s big export success stories

Japan and Brexit
ξ Japan's ambassador to London demanded May’s government to improve its communications or risk repelling overseas investment
ξ Japanese companies are being approached by other countries inviting them to relocate there
ξ May persuaded Nissan to keep building cars in Sunderland

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~ Insurance

IoT/AI Insurance technology investment is booming
ξ Insurance business proclaims itself in the process of being transformed
ξ by a combination of Artificial intelligence (AI) and the internet of things (IoT)
ξ combination accounts for nearly half of all investment in insurance technology (Insurtech) startups globally
ξ insurance industry first got itself enthusiastic about IoT
ξ when the first personalised motor insurance products were introduced
ξ to record driver behaviour and then assess individual risk against the numbers
ξ using the scoring to either increase or lower premiums on an ongoing basis
ξ technique was and is seen as both as an aid to better driving and as a means of more accurately assessing risk factors

ξ AI has the potential to transform the insurance industry
ξ by moving on from simply assessing risk through the rear vision mirror (as it were)
ξ based on past experience of individual performance,
ξ to monitoring risks in real-time and mitigating, or even preventing, losses for customers
ξ IoT to enable insurers to offer more-personalised, real-time service;
ξ to boost operational efficiency
ξ to price insurance products with greater precision

ξ the combined number of deals across AI (including automation) and
ξ the IoT (including connected insurance) increased 79 per cent in 2016
ξ accounted for 44 percent or US$711 million of total insurtech investment
ξ – compared with just 10 percent of global insurtech investment in 2015

ξ a rapid acceleration of investment into and deal activity around intelligent automation and IoT start-ups
ξ despite Brexit, the UK has continued to attract strong insurtech investment in 2016
ξ the value of the investments in UK more than doubled 2016 to almost US$19 million
ξ Investment in AI and the IoT also increased significantly, to almost US$1.7 million in total

ξ Germany and France also saw strong growth in investment in 2016
ξ to round out the top three insurtech markets in Europe
ξ the United States’ share of deal volume in 2016 dropped slightly, from 63 to 56 percent of total deals

ξ China, and more broadly, Asia Pacific, are playing a more prominent role as investment destinations for fintech capital.
ξ While global investment into fintech ventures grew 10 percent in 2016,
ξ to US$23.2 billion, Asia Pacific as a region for the first time eclipsed North America,
ξ with fintech investments there more than doubling in 2016, to US$11.2 billion.

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~ Bristol

»Bristol Open Programmable City
ξ developments in software, hardware and telecom networks are enabling more interaction between people and places
ξ more machine-to-machine communication
ξ creating an internet of things
ξ giving citizens more ability to interact, work and play with their city
ξ using data sensors, smart city technologies will be able to respond in real-time to everyday events including
ξ congestion, waste management, entertainment events, e-democracy, energy supply and more

ξ Bristol research and development projects use Bristol’s own digital infrastructure with:
ξ fibre in the ground;
ξ a mesh bouncing from lamppost to lamppost across the City;
ξ a mile of experimental wireless connectivity along Harbourside
ξ these networks are controlled in Software – creating a Software Defined Network – based on the OpenFlow standard
ξ It uses Network Function Virtualisation to make the infrastructure super-fluid, sliceable, and
ξ usable by many different projects at once
ξ each project is managed by ’Bristol Is Open’ – a joint venture between the University of Bristol and Bristol City Council

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~ AFE

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ξ optical, fibre optics, mechanical, electronics and software
ξ »PhotonicsHubUK

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~ AWE

»AWE
ξ nuclear, laser

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~ CIP

»CIP
ξ fully acquired by Huawei Technologies in January 2012
ξ focussed on research and development of InP optoelectronic chips
ξ for use in Huawei Technologies optical communication products

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~ Coherent

»Coherent
ξ LIDAR

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~ Stock Options

Stock Options
While Europe’s startup ecosystem has changed dramatically over the past decade,
venture capitalists are warning that entrepreneurs must do more
to encourage and reward risk if they want to create the next generation of tech giants.

“One of the things holding [these entrepreneurs] back, and holding Europe back,
from really building the companies the size of Amazons is attracting and retaining the right talent,”
according to Martin Mignot, partner at Index Ventures.
“And one of the most important criteria for doing that is employee ownership.”

To underline the urgency of the situation,
Index Ventures today released “Rewarding Talent,”
a study that examines the use of stock options across Europe and the U.S.
The report concludes that, on average,
a late-stage startup in the U.S. will have distributed shares totaling about 20 percent of the company,
but a European startup will have only distributed about 10 percent of its shares to employees.

The lower rates of stock of options in Europe tend to be driven by three factors,
according to the Index Ventures report.

First, there is the issue of culture.
While there is now more support for risk-taking innovation,
Europe still has a ways go to catch up with Silicon Valley.
Simply put, entrepreneurs need to understand
that granting ownership is a key to finding enough innovative talent to scale the company.

Second, most entrepreneurs don’t have personal experience with stock options,
given the relative youth of Europe’s tech scene.
To that end, Index Ventures released a handbook to give entrepreneurs a better roadmap
in terms of understanding the pros and cons of stock options.
Part of it comes down to understanding technical decisions,
such as how to structure the company’s stock in a way
that it can still reward large pools of options to the experienced managers a company will need later as it scales.

“One of our recommendations is for entrepreneurs to think long-term,” Mignot said.
“The best way to recruit and retain the best talent is through options.
You have to be more aggressive.”

This concern about risk and talent is shared by Balderton Capital,
another of Europe’s most influential VC firms.
Balderton recently released its own handbook on the subject,
“The Balderton Essential Guide to Employee Equity.”

“Europe has lagged in the tradition of scaling really, really big companies,”
said Bernard Liautaud, a managing partner at Balderton.
“We are still on a journey to get there.
In the U.S., you have a bit of a recipe for how to scale a company.”

Both firms also emphasize a third point:
Europe’s Byzantine finance laws make the use and distribution of stock options far too difficult.
Currently, tax treatments and laws for stock options are determined at the country level,
rather than at the European Union level.
This means that as a company expands across the continent,
it faces a dizzying labyrinth of financial regulations.

The rules for stock options in the U.K. are far and away the clearest, Mignot said,
and it’s no accident that entrepreneurs there use them more and
that London has become Europe’s leading startup hub.

“Entrepreneurs are nimble, and they come up with hacks,” Mignot said.
“But we’re making their lives needlessly complex for something that should be easy.”

While there has been improvement in some places,
Mignot said he’d like to see more countries take stronger actions to align the rules across Europe.
In some jurisdictions, the treatment of stock options remains almost punitive, he said,
though he added that rules vary widely across the continent.

In a rankings table, France and Ireland got high marks (after the U.K.),
while Germany and Spain were found to be most in need of stock options reform.

“National authorities should realize they are competing against each other in a connected world,” Mignot said.
“If they want to stay competitive, they need to make life easier for their entrepreneurs.”

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~ Starbust

»Starbust
ξ invested to the UAV lab testing satellite communication »inmarsat

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Small & Smart Inc reserves rights to change this document without any notice
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