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Failure is not ‘the end’, but missed opportunity could be

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When it comes to getting into a new business opportunity, it has been always debated: whether to take a risk, or give up before even trying. From my personal experience, it is always better to take a risk, but wisely. Never try unknown water with your both foots. Or, never put all eggs into a single basket. This is very smart rule on taking risks in a business.

The rest is up to you: how brave you are, or how much agility, passion or desire you have – simply, how much you are determined to succeed.

 

I have failed with several projects recently, including vending machines and marketing networks, loosing a couple of thousand bucks, but I learned some lesson. 1. Never mess with unhonest guys. 2. If you indend to start new projects/opportunities, first learn about the subject that you are getting into. Also, keep in mind that money should not be supposed to be your ultimate goal. It will inevitable come soon or later, only if you are discipined and focused.

 

Never give up

Sounds like a cliche. But it’s true. Never give up… This morning I read about amazing Minesotta University runner girl – Heather Dorniden. At the recent college championship race, among some of the best runners in the US, with only one lap to go – she suddenly tripped and fell to a last place. But Heather didn’t quit. She found a strength to stand up again, continued to run, and finally won the race. This amazing act shocked all crowd. If we don’t recover from all failures that are coming in a real life, we will never achieve any important goals.

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Travel and meet people

When my wife asked me last week what I’d like to get me for my birthday (it’s my 32nd) I said: I want a new bag. She said no – because you will trave more, and I want you at home J Travelling is one of the best ways to learn about world around you, and networking on the other side, helps you to meet people better. Prior to starting any new business, pay attention to 2 things: 1. Who you work with, and 2. What are your goals. These are fundamental things. Then, it comes up to the organizational and other aspects of you team/organization.

 

How do you search for new ideas

This is the coomon dilemma and question we all had many times. How do brilliant ideas come to the table? Do they appear suddenly, are they only inspirational moments of imagination, or something different… I stongly bilieve that good ideas often come from a people’s real needs, i.e. as a result of solving ‘a real problem’. Real problem is the root and source of any innovation. If you want to be innovator, you must be in a first place a ‘problem-solver’, maker, fighter. Break out from a mindset that most people have, and think out of boundaries. Be self confident, but not over-confident, and learn to listen to others. You learn by experience, no doubt about it. There is a word (or might be even some survey statistic), at least every 1 out of 10 projects that you start, will be successfull.

 

When I started my first ‘business’ 20 years ago, at the age of 12, I decided to sell shoes. I was playing in my yard with other kids, and I noticed that there are many old shoes, left from my parents and family. As many people used to move those days thru our house, (it was 1994 – War in Bosnia), there were plenty of them. So, I proposed this idea to my 2 years elder friend, and said: Hey, let’s start selling shoes on the public market. He agreed. I collected all pairs of shoes, cleaned them, and put them into a basket. Next day we got up very early (at 6 AM), picked up bags and went straight to the open market (you know, where they use to sell vegetables, fruits, clothes and almost all other kind of goods). But, unexpecteldy, we didn’t sell any piece of shoe, that day. Not even the next day. And not even next 5 days in a row… Not a single pair of shoes! It was devastating and shocking experience to me, so naturally, next day I returned back to playground with my friends. But, it was also a good lesson (that I was not aware of, then). If I knew couple of things then, that I know now, I would not give up that easy, but instead would try to do some change in my approach – so to say, look at the problem from a different perspective.

 

First, I would spend a day or two, only walking on the market and watching what people are mostly buying (survey a market). Second, I would probably need to decide what specific shoes I want to sell, for men or women, and then would clean and make them shine in the best possible way (shaping the product). Finally, I would need to relocate because my selling table was at the end of the market raw. I had really a horrible position that hardly anyone could come to that table, not to mention buying (positioning on the market). If you have an amazing product, and you have a passion to sell it, it is still not enough. You must have a friend/partner whom you trust, or better to say, you should first work passionately on founding a team.

 

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As an individual, you can do a lot, but as a group even more. Here, the group itself event doesn’t guarantee anything to you. You should learn how to manage a team, be a friend with your team members, and check if they share the same passion for an idea, as you do…

 

Diversity is good, but focus is a fundament

Through the years, I came across several business ideas, some of them were really briliant. I started at least 30 projects (in the food, magazines, vending machines, and even sports managment agency! 🙂 But, in most cases I didn’t have ability to focus, so I quited somewhere in the middle of a milestone. Other problem is that I didn’t have a competence – Never work with things that you don’t know in a core, what does it mean, or how does it function. At least have someone nearby that you can learn from. They call this „know-how“.

 

In origin of any idea comes a real problem, but the sole idea counts only up to 5% of the succeess, where you want to come. When we recently had severe Floods in the region, many came to an idea to create a web platform, service to collect all news in a single place, from following people who organize actions for help, to contributing in managing any kind of help to devastating areas. But, unfortunately I haven’t seen any of platforms became a single point source, service providing single point of collaboration, thus providing help to stay updated about current situation.

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Science & Technology

Cybersecurity depends on the user

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Businesses and pharmaceutical companies have become prime targets for cyber criminals. For many employees switching to work from home has made them more vulnerable to cyber attacks. Amid the continuing coronavirus pandemic the focus is shifting on digital hygiene and training. These are top issues outlined by the participants of a round table which  took place at TASS Press Center under the title “Cybersecurity: new threats and protection against them”.

At present, a large number of high-tech medical equipment is connected to the Internet. Given that medical institutions are not used to new threats, they often fall prey to cyber criminals. At times, hospitals have to pay ransom in order to restart the equipment vital for patients’ lives.  The participants in the round table cited yet more tragic cases when the ambulance equipment glitch forced the driver to head for other hospitals, which means that patients in critical condition may not make it there.

Cyber threats have been haunting not only the  medical industry. President of Check Point Software Technologies in Russia and CIS Vasily Diaghilev has singled out 3 key challenges in the new reality. Firstly, the decision-taking time limit has shortened considerably, — the market proved unprepared for this (unlike in the past, when months were given to elaborate decisions on cyber security, now a mere days are given to do so). Secondly, the criminal groups which had to go online as well, were provided with new financing to “work” in the cyber sphere. Thirdly, user vulnerability went up due to a wide variety of hacking methods.

Alexei Novikov, Director of Security at Positive Technologies, disagrees with such a view. The transition to online work has increased the number of vulnerabilities making it possible for the criminals to find new loops. Hence cyber security has come to depend on the competence of particular individuals. Earlier, information security was guaranteed “along the perimeter of corporate network”. Now, when practically everyone is working from home, family members have got access to the data too. In  addition, employees often connect  their  personal “smart devices” of the  Internet of  things to their corporate networks.

Experts who took part in the round table provided specific recommendations as to how to boost digital security. Founder and General Director of Zecurion Alexei Raevsky warned companies which are not supposed to store loads of data against doing so. Alexei Raevsky described all the data (for example, for electronic passes), which they collect on a regular basis in the conditions of a quarantine, as a “time bomb”. Vasily Diaghilev has urged individuals to refrain from using (and called on companies to impose restrictions on this practice on a mandatory basis) corporate passwords on external servers, in addition, he recommended coding corporate data, and in order to secure protection against destructive files, he advises to switch to the safe pdf-format in paperwork. “Info security should enter mass market as a taxi – a kind of digital security outsourcing”, — Lev Matveev, Chairman of the Board of “SearchInfoorm”, member of the Association of Software Manufacturers “Russoft”, says. Besides, he recommended including VPN-apps and services into public (free) WiFi-networks.

From our partner International Affairs

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Top 10 Emerging Technologies to Watch in 2020

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From virtual patients to pain-free needles, synthesizing whole-genomes, and digital medicine, these top 10 emerging technologies are transforming our post-COVID-19 lives. An international steering group of experts singled out these and other emerging technologies as the ones most likely to impact the world in the next three to five years.

For example, a Swiss group was able to synthesize the entire COVID-19 genome by reproducing the genetic sequence uploaded by Chinese scientists. They were essentially teleporting the virus into their laboratory for study without waiting for physical samples. The ability to write our genome will inevitably help doctors to cure genetic diseases.

As we now move to clinical trials of a COVID-19 vaccine, virtual patients, instead of living humans, could help identify successful vaccine candidates, reduce costs, and speed up research. It would also prevent the testing of imperfect vaccine candidates on living volunteers.

While the outbreak unfolded, dozens of medical apps and bots were developed, expanding the digital medicine landscape. These apps could detect depression and provided counselling. Bots answered over 200 million inquiries about COVID symptoms and treatments. COVID-19 will continue to shape our lives, and these emerging technologies could fill the gaps created by the pandemic.

The list also includes new technologies that can help combat climate change by tackling major polluting industries. These new green technologies include innovative planes, new concrete formulations and using sunlight to power refineries.

Top 10 technologies to make the list are:

Virtual Patients

Virtual patients, instead of living humans, could make vaccine trials quicker and inexpensive. This technology would significantly reduce the number of human subjects needed for experimentation.

Microneedles for Painless Injections and Tests

These tiny needles promise pain-free injections and blood testing. Microneedles do not touch nerve endings. Since the process does not need costly equipment or a lot of training, they can be used in areas that do not normally receive cutting-edge medical technologies.

Whole-Genome Synthesis

Whole-genome synthesizing will transform cell engineering. The ability to write our genome will inevitably help doctors to cure genetic diseases.

Digital Medicine

Digital medicine is a collection of apps that detect and monitor the mental and physical health of patients. These apps and bots can enhance traditional medicine and provide support to patients with limited access to healthcare.

Electric Aviation

Electric propulsion motors would eliminate direct carbon emissions. This technology could also reduce fuel costs by up to 90%, maintenance by up to 50% and noise by nearly 70%. Currently, about 170 electric airplane projects are underway.

Lower-Carbon Cement

Concrete, the most widely used human-made material, shapes much of our built world. If cement production were a country, it would be the third-largest emitter after China and the US. Researchers are working on lower-carbon approaches by changing the recipe, using different materials, and using carbon capture and storage technologies.

Sun-Powered Chemistry

This approach uses sunlight to convert carbon dioxide waste into needed chemicals manufactured from fossil fuel. This approach could reduce emissions in two ways – by using unwanted gas as raw material and using sunlight as the source of energy instead of fossil fuels.

Green Hydrogen

Current methods of producing hydrogen are not environmentally efficient. Green hydrogen, produced through electrolysis, has no by-product, unlike current processes. Green hydrogen could transform industries that require high-energy fuel.

Spatial Computing

“Spatial computing” will bring together raise reality apps and sensors to facilitate human-machine and machine-machine interactions to a new level. It combines these capabilities and controls objects’ movements and interactions, allowing a person to navigate the digital and physical world.

Quantum Sensing

Quantum sensors enable autonomous vehicles that can “see” around corners, underwater navigation systems, early-warning systems for volcanic activity and earthquakes, and portable scanners that monitor a person’s brain activity during daily life.

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Can ‘Open Science’ speed up the search for a COVID-19 vaccine? 5 things you need to know

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The UN is calling for authoritative scientific information and research to be made freely available, to accelerate research into an effective vaccine against the COVID-19 virus, help counter misinformation, and “unlock the full potential of science”.

Arguing that no-one is safe until everyone is safe, the World Health Organization (WHO) has, for several months, been urging countries and scientists to collaborate, in a bid to bring the pandemic under control. This has involved the creation, alongside governments, scientists, foundations, the private sector and other partners, of a groundbreaking platform to accelerate the development of tests, treatments and vaccines.

In October, the head of the agency, Tedros Ghebreyesus Adhanom, alongside human rights chief Michelle Bachelet, and Audrey Azoulay, Director-General of science, culture and education agency UNESCO, issued a call for “Open Science”, describing it as a “fundamental matter of human rights”, and arguing for cutting-edge technologies and discoveries to be available for those who need them most.

But what exactly does Open Science mean, and why does the UN insist on making it more widespread?

1) What is ‘Open Science’?

Open Science has been described as a growing movement aimed at making the scientific process more transparent and inclusive by making scientific knowledge, methods, data and evidence freely available and accessible for everyone.

The Open Science movement has emerged from the scientific community and has rapidly spread across nations. Investors, entrepreneurs, policy makers and citizens are joining this call.

However, the agency also warns that, in the fragmented scientific and policy environment, a global understanding of the meaning, opportunities and challenges of Open Science is still missing.

2) Why is Open Science important?

Open Science facilitates scientific collaboration and the sharing of information for the benefit of science and society, creating more and better scientific knowledge, and spreading it to the wider population.

UNESCO has described Open Science as a “true game changer”: by making information widely available, more people can benefit from scientific and technological innovation.

3) Why is it needed now?

Because, in a world that is more inter-connected than ever before, many of today’s challenges do not respect political or geographic borders, and strong international scientific collaboration is essential to overcome the problems. The COVID-19 pandemic is a prime example.

We also have the tools to make it happen: with digitalization becoming ever more widespread, it is far easier than ever before to share scientific knowledge and data, which are needed to enable decisions that can lead to overcoming global challenges to be based on reliable evidence.

4) What is the impact of Open Science on the pandemic?

In this global health emergency, thanks to international collaboration, scientists have improved their understanding of the coronavirus with unprecedented speed and openness, embracing the principles of Open Science. Journals, universities, private labs, and data repositories have joined the movement, allowing open access to data and information: some 115,000 publications have released information related to the virus and the pandemic, and more than 80 per cent of them can be viewed, for free, by the general public.

Early in the pandemic, for example, Chinese scientists readily shared the genome of the virus, jumpstarting all following research into the virus, and the diagnostic testing, treatments, and vaccines that have since been developed.

Finally, the crisis has underlined the urgent need to bring science closer to decision making and to society as a whole. Fighting misinformation and promoting evidence-based decision-making, supported by well-informed citizens, has proven to be of vital importance in the fight against COVID 19.

5) What is the UN doing to promote Open Science?

To ensure that Open Science truly meets its potential, and benefits both developed and developing countries, UNESCO is taking the lead in building a global consensus on values and principles for Open Science that are relevant for every scientists and every person independently of their place of origin, gender, age or economic and social background.

The future UNESCO Recommendation on Open Science is expected to be the international instrument to set the right and just standards for Open Science globally, which fulfil the human right to science and leave no one behind.  

In a statement released on World Science Day for Peace and Development, celebrated on 10 November, Ms. Azoulay said that widening the scope of Open Science will help science to “unlock its full potential”, making it more effective and diverse by “enabling anyone to contribute, but also to bring its objectives in line with the needs of society, by developing scientific literacy in an informed citizenry who take responsibility and are involved in collective decision-making”.

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