Chatbots in the Banking & Financial industry

| November 28, 2018

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What are chatbots? Chatbots are software programs, which back in 2013-2014 sounded like fantasy. These software programs leverage Natural Language Processing and respond to voice commands or specific text instructions. They are set up to look for pieces of information shared by a user.

Spotlight

European Federation for Welding, Joining and Cutting

The European Federation for Welding, Joining and Cutting (EWF) is an organisation dedicated to education, training, qualification and certification in the field of welding and related technologies. In 1992, welding course providers of several EU member countries wanted to harmonise their education, training, qualification and certification procedures.

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ENGINEERING TECH

Infrastructure Policy Watch: UKIB goes live, Singapore brings in global sustainability experts

Article | June 29, 2021

The new UK Infrastructure Bank (UKIB) recently opened, with its remit confirmed by the UK government in a new Framework Document. The document sets out the role of the bank as providing: "leadership to the market in the development of infrastructure and new infrastructure technologies, crowding-in private capital and reducing risk through its cornerstone investments and range of financial products. It will bolster the government’s lending to local government for large and complex projects through its expertise and scrutiny, and help to bring private and public sector stakeholders together to regenerate regions and create new opportunities." It will have two strategic objectives, to help tackle climate change and support regional and local economic growth. Given these two objectives may conflict, the Framework Document suggests "where an investment is primarily to support economic growth, the Company will ensure that it does not do significant harm against its climate objective."

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CONSTRUCTION

15 sites in the frame to become home to the UK’s prototype fusion energy plant

Article | June 29, 2021

The UK Atomic Energy Authority (UKAEA) has revealed the long list of sites under consideration for development of the UK’s prototype fusion energy plant.An open call for sites to host the Spherical Tokomak for Energy Production (Step) facility was opened last year and compliance check of those nominated has led to publication of the long list. According to the UKAEA, moving fusion from research and development to design and delivery is an important part of the UK’s ambition to be a world leader in sustainable, low-carbon energy. Fusion has the potential to provide an abundant source of low-carbon energy by copying the processes that power the sun and stars. UKAEA has said that this new technology will play an important role alongside established renewable technologies such as wind and solar.Step programme director Paul Methven said: “STEP is about building on the amazing science done over decades in fusion and translating that into a real prototype power plant that paves the way for this fantastic new energy source.

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Top Five Considerations for Construction Projects During the COVID-19 Outbreak

Article | June 29, 2021

The United States is facing unprecedented change and upheaval as it navigates the COVID-19 pandemic. Thompson Hine is analyzing all the relevant issues to keep you ahead of the curve. Here are the top five issues that might have an impact on construction projects. Delays caused by force majeure can lead to extensions of time and additional compensation under a construction contract. Look at your contract’s definition of force majeure.

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ENGINEERING TECH

Infrastructure Policy Watch: new resilience guidelines from Australia and UK hydrogen strategy

Article | June 29, 2021

Infrastructure Australia outlines new guidance on how to improve infrastructure resilience Infrastructure Australia has released a new set of resilience guidelines for infrastructure, noting that the events of recent years have brought Australia’s vulnerability to threats such as bushfires, droughts, floods, pandemics and cyber-attacks into sharp focus. The Advisory Papers, developed in partnership with Infrastructure New South Wales, estimate that, by 2050, the economic cost of natural disasters in Australia will more than double from about AU$18 billion annually to AU$39 billion. Infrastructure Australia wants infrastructure resilience in project planning and business cases “to become business as usual”. The organisation is required to evaluate business cases for infrastructure projects that receive more than AU$250 million in funding from the federal government and has indicated it may reject proposals that do not effectively incorporate infrastructure resilience.

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Spotlight

European Federation for Welding, Joining and Cutting

The European Federation for Welding, Joining and Cutting (EWF) is an organisation dedicated to education, training, qualification and certification in the field of welding and related technologies. In 1992, welding course providers of several EU member countries wanted to harmonise their education, training, qualification and certification procedures.

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