The dual challenge of increasing diversity in engineering

The Engineer | May 04, 2020

A recent report by Teach First highlighted that not a single woman’s name appears in the national curriculum for GCSE science. This lack of representation, the charity says, is a big factor in why so few girls studying STEM subjects beyond GCSEs, robbing us of potential talent at a time when shortages in STEM skills cost businesses £1.5 billion a year.

In the engineering sector we have a huge challenge on our hands in this regard. Just 12% of all engineers in this country are women. There are, in turn, 165,000 engineering students in the UK, but only 26,000 (16%) of them are female. What’s more, whilst black, Asian and minority ethnic individuals make up 12% of the UK workforce, they constitute only 8% of engineers and technicians.

This is a problem not only because it is unfair, but because, with a retiring workforce and technology creating new opportunities, engineering is suffering from severe skills shortages, and new talent is needed urgently. According to Engineering UK, the sector has an annual demand for 124,000 engineers and technicians with core engineering skills, but faces a shortfall of up to 59,000 a year.

Spotlight

The application of automation and artificial intelligence (AI) to mission-critical business processes will more than triple by 2019, reflecting growing confidence in such technologies. This is among the findings in the latest ISG research in which we asked more than 500 business and IT leaders about their current and future plans for automation and AI.


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CONSTRUCTION

Nubeva Announces Expanded Focus On Architectural, Engineering, and Construction (AEC) Industry

Nubeva Technologies | May 17, 2022

Nubeva Technologies a pioneer of next-generation solutions for ransomware, announces expanded efforts to help Architectural, Engineering, and Construction (AEC) firms better protect themselves from ransomware attacks. Based on industry-specific feedback and strong early adoption, the company is increasing its focus on the AEC as there is a clear need and fit for Nubeva's new breakthrough solution across the entire industry. With input from 100's of AEC firms, Nubeva's industry brief, Understanding Ransomware in the AEC, discusses the specific circumstances and challenges facing thousands of these companies in the United States alone. These organizations play a vital role in building and maintaining critical infrastructure, making them prime targets for ransomware. Due to industry-specific dynamics and computing models, findings are conclusive that the AEC industry experiences as much as 2x the ransomware attack rates as other industries. "When I first heard about Nubeva's ability to decrypt ransomware from a colleague, I was skeptical. But when we studied and tested it, we quickly realized this was the missing link in our security strategy and a silver bullet for attacks that get past our firewalls, EDR, backups, and other systems," said Andy Knauf, CIO of Mead & Hunt. "Ransomware Reversal essentially provides instant protection as my team was able to fully deploy Nubeva across all of our systems in hours, not weeks or months. It was really easy." Nubeva's Ransomware Reversal solution fills a vital gap for when ransomware gets past security systems, and organizations must recover quickly. The software solution enables organizations to decrypt files and systems locked during a ransomware attack to restore operations faster than other solutions. The software is simple to install across distributed environments, has next to zero ongoing maintenance, and is priced for widespread adoption across companies of all sizes. "It is clear that there is a vital need in this industry. We have booked and billed over $500,000 of contracts in its first 100 days of product availability, with a majority of orders coming from the AEC industry, Once a company engages with us, we see nearly a 50% close rate. In my experience, those are very exciting results. Normally enterprise software and infrastructure sales have nine-month average cycles. This is an excellent sign not only for product-market-fit but also pointing to a low cost of sales. As we establish a strong foothold in AEC, we will expand to other vertical industries, as clearly, this is a problem affecting everyone." Steve Perkins, CMO at Nubeva.

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CONSTRUCTION

Tractor Supply Brings Innovative Tool Engineering “Out Here” With Dremel and Bosch Power Tools

Tractor Supply | April 13, 2022

Tractor Supply Company the largest rural lifestyle retailer in the United States announced a partnership with the Robert Bosch Tool Corporation, a global leader for power tools and power tool accessories, to add two renowned brands to its lineup. Tractor Supply now offers Dremel rotary, oscillating, and multi-saw tools, and will feature Bosch Power Tool products in nearly 1,000 locations by the end of 2022. Both brands, also available online at TractorSupply.com, expand the power tool choices for customers ensuring Tractor Supply has the right tool for the job. Dremel has been a leader in the rotary tool industry for 90 years, offering DIY customers versatile options for cutting, grinding, sanding and shaping. The initial Dremel offering at Tractor Supply include the Dremel 4300-5/40 rotary tool kit, and the Multi-Max MM50-01 and MM35-01 oscillating tool kits. Tractor Supply will also feature Dremel brand attachments, accessories and products for pet owners. Tractor Supply is also adding Bosch Power Tools to its cordless battery power systems assortment, providing customers with a unique offering that combines best-in-class engineering with easy-to-use interfaces. Bosch’s simplified battery platforms offer a variety of 12V and heavy duty 18V options for professionals. The Tractor Supply lineup includes several woodworking tools such as the 18V EC Brushless ¼- inch and ½- inch Two-in-One Bit/Socket Impact Driver, 12V Max 3/8-inch Drill/Driver, and the 5-inch Palm Random Orbit Sander/Polisher. “With a Bosch Tool, you know you’re getting a professional-grade power tool ideally suited for any project, whether it’s on the job or living Life Out Here, Our customers look to Tractor Supply for the highest-quality products in every category, making Dremel and Bosch power tools welcome additions to our tool lineup. We are excited to bring our customers Bosch’s renowned tool engineering and to get their tools in our customers’ hands.” Tony Graham, Vice President and Divisional Merchandise Manager at Tractor Supply “Our team at Bosch Power Tools is excited to make our wide-ranging roster of tools available at such a well-known and dependable retailer like Tractor Supply,” said Josh Babcock, Vice President of Pro Channel Sales at Bosch Power Tools. “This opportunity offers us the chance to expand our reach to all those who look to Tractor Supply as a source for quality tools. We are looking forward to bringing additional tools to stores, meeting the needs of pros and DIYers across the country.” “Dremel tools at Tractor Supply Company represents an exciting arrangement that provides both DIY and consumers with access to the Dremel product line," said Collin Kendrick, Key Account Director for Dremel. "We are enthusiastic that we have widened our reach of distribution opportunities for Dremel products, especially for our customers living in rural areas where Tractor Supply Company is a legendary and trusted retailer. Both Dremel and Tractor Supply Company are known for excellent customer service and have foundations that go back over 80 years.” About Tractor Supply Company Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, has been passionate about serving its unique niche, targeting the needs of recreational farmers, ranchers and all those who enjoy living the rural lifestyle, for more than 80 years. Tractor Supply offers an extensive mix of products necessary to care for home, land, pets and animals with a focus on product localization, exclusive brands and legendary customer service for the Out Here lifestyle. With more than 46,000 Team Members, the Company’s physical store assets, combined with its digital capabilities, offer customers the convenience of purchasing products they need anytime, anywhere and any way they choose at the everyday low prices they deserve. At January 1, 2022, the Company operated 2,003 Tractor Supply stores in 49 states, a consumer mobile app and an e-commerce website at www.TractorSupply.com. About Robert Bosch Tool Corporation Robert Bosch Tool Corporation, the Power Tools Division of North America, was formed in January 2003 when Robert Bosch GmbH combined its North American diverse power tool and accessories businesses into one organization. As a manufacturing pioneer with more than a century’s worth of experience, the Bosch name has become synonymous with engineering excellence. Located throughout North America as part of the global power tools division, Bosch associates maintain a legacy of world-class design, manufacture and sale for power tools, rotary and oscillating tools, accessories and measuring tools. About Bosch Having established a regional presence in 1906 in North America, the Bosch Group employs 34,700 associates in more than 100 locations, as of December 31, 2020. According to preliminary figures, Bosch generated consolidated sales of $13.1 billion in the U.S., Canada, and Mexico. About Dremel Since inventing the high-speed rotary tool in 1934, the Dremel brand has been helping Makers with its full line of versatile, easy-to-use tool systems that deliver the perfect solution for almost any job. From our Dremel rotary tools, Multi-Max™ oscillating tools, Ultra-Saw™ and Saw-Max™ multi-saws, and the Idea Builder™ 3D printer, Makers have come to know and trust the brand to complete their projects. Combining compact size, ergonomic design, precision and versatility with a wide range of highly engineered accessories, Dremel tools are used to accomplish numerous applications in a variety of materials.

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ENGINEERING TECH

AdvisorEngine® Announces Major Transformation of Junxure CRM

AdvisorEngine | January 20, 2022

AdvisorEngine®, the financial experience company and provider of client relationship management (CRM) and portfolio management technology, announced the transformation of Junxure CRM. This transformation delivers an entirely new technology foundation and enhanced productivity capabilities. Reflecting these advancements, the product is now called AdvisorEngine CRM “This is a key milestone moment for our clients and our team,We’ve gone through a true product transformation by developing a new technical architecture, designing an entirely reimagined user experience and adding important new capabilities to drive advisory firm growth and productivity.” -AdvisorEngine CEO Rich Cancro. All CRM clients have received access to the enhanced experience and will continue to benefit from best-in-industry support and training. Consistent with AdvisorEngine’s open-architecture approach to serving financial advisors, the upgraded CRM will continue to be offered as a standalone product, priced per user. AdvisorEngine CRM is built for investment advisory firms that provide high-end client service. A key differentiator is its powerful purpose-built functionality that can be used out-of-the-box or customized to meet a firm’s specific needs around data, process and user administration. You don’t need a cadre of consultants to be successful using AdvisorEngine CRM,” Cancro said. “Our highly configurable CRM platform is designed for easy adoption by various roles in an advisor’s practice including principals, operations and client support staff without incurring one-time and ongoing technology consulting fees. New features of AdvisorEngine CRM announced today include: Personalization. Powerful, easy-to-use configuration is available at both the individual user and firm levels. Simple to use, ‘drag-and-drop’ editing is among many capabilities that gives users the flexibility to organize their data experience, create workflows and support their client service segmentation strategy. Prospecting Tools. An easy online form builder turns website visitors into prospects. Web Forms can be created in a few simple steps without any coding expertise. Submissions are automatically captured by the CRM, saving time by eliminating manual data entry. Client Profile. The CRM’s most heavily used area has been fully reimagined to benefit light adopters and power users. Client information is surfaced in a clean, actionable format. Users save valuable time by using new direct editing capabilities that eliminate the need for multiple clicks into secondary screens. Activity Feed and Alerts. The feed delivers a new consolidated streaming view of important operational activities relevant to each user in real time. Enhanced reminders with expiration dates allow for automated cleanup of past tasks. Modern Technical Architecture and Design System. A reengineered software architecture improves system performance, so pages load up to 10x faster. It also allows AdvisorEngine developers to innovate and add new CRM features more rapidly. Updated navigation, pages, fonts and color schemes provide users a modern experience. Wealth management workflows are a standout capability for AdvisorEngine CRM. George Tamer, AdvisorEngine Head of Sales, has observed an increasing focus on building automated workflows during his regular strategic reviews with RIAs. “The modern advisory practice starts with the ability to organize your data and act on it. As firms grow, systematizing business processes through workflows becomes essential to ensuring consistent client care,” Tamer said. In 2018, the AdvisorEngine team embarked on a multi-year strategic initiative to modernize Junxure CRM. The first stage focused on infrastructure upgrades, including security and application hosting. The second stage brought deeper integrations with key existing third parties and added several new fintech and custodian integrations. The third stage is bringing the CRM in line with the company’s product ideals: personal, scientific and beautiful. “Today’s announcement reflects four years of hard work coming to fruition,The AdvisorEngine team has taken a deliberate, thoughtful approach to evolve the product. By working closely with our clients, we gathered and acted on thousands of points of feedback. -AdvisorEngine Chief Operating Officer Craig Ramsey. Since the product’s origins in 1999, Junxure CRM has always had a reputation for being advisor-centric, purpose-built software,” Ramsey continued. “It is rewarding to continue that strong legacy and infuse it with new innovation. We are proud to harness the best of Junxure and move it forward as AdvisorEngine CRM. About AdvisorEngine® AdvisorEngine powers financial advice that is personal, scientific, and beautiful. Its wealth management technology platform uses smart automation to modernize the advisor experience (AX), the business operations experience (BX), and the client experience (CX). Capabilities include CRM, prospect engagement tools, paperless client onboarding, account aggregation, goals-based financial planning tools, model portfolios tools, portfolio construction analytics, compliance tools, performance reporting, and fee billing.AdvisorEngine is a wholly owned subsidiary of Franklin Resources, Inc. [NYSE:BEN], a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 165 countries. Based in New York, NY, and Raleigh, NC, the AdvisorEngine team strives to fulfill six ideals through their work: camaraderie, clarity, curiosity, creativity, crushing it, and celebration. For more information, please visit advisorengine.com and follow us on LinkedIn, Twitter and Facebook. About Franklin Templeton Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 165 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company brings extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has 75 years of investment experience and over $1.5 trillion in assets under management as of December 31, 2021. For more information, please visit franklintempleton.com and follow us on LinkedIn, Twitter and Facebook.

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ENGINEERING TECH

HCL Technologies Expands Reach in Canada with New Engineering and R&D Center

HCL Technologies | January 28, 2022

HCL Technologies (HCL), a leading global technology company, has opened its Innovation Center focused on Engineering and R&D services in Edmonton, Alberta. Bringing together an ecosystem of partners from academia, government institutions, startups and technology providers, HCL’s Innovation Center will serve as a hub for HCL Engineering teams to co-innovate with customers and solve complex business problems for clients globally.The Edmonton Center will house an engineering and co-innovation lab, which will enable high tech and software clients, including Fortune 100 leaders, to not only envision their products, but also to see rapid product prototyping, collaborative research and continuous learning to create faster time to market. Clients can leverage the Center to create new product designs while collaborating on go-to-market solutions. The Edmonton team will be engaged in product engineering, platform engineering, operational technology services and next-generation engineering, research and development. As part of its expansion, HCL Technologies will hire college graduates from local educational institutions including The University of Alberta, MacEwan University, NAIT, SAIT and others. “The Edmonton Innovation Center represents a significant expansion of our world-class technology talent and exceptional engineering presence in Canada, Engineering-led digital transformation is set to re-imagine the business landscape, and the excellent facilities at our Edmonton Center provide the right environment for shaping the future of the IT industry.” -Joelien Jose, Executive Vice President and Country Head, Canada, HCL Technologies. I am pleased to welcome HCL to our community," said Amarjeet Sohi, Mayor of Edmonton. “This announcement is the beginning of a new partnership between our city and the company, and today's announcement is proof that Edmonton is a great place to do business. HCL's expansion into Edmonton is another sign of the record growth of Alberta's technology sector,” said Doug Schweitzer, Minister for Jobs, Economy and Innovation, Government of Alberta. “It is exciting to see HCL identify Alberta as the place to invest due to the amazing talent we have here and the business environment we've created. I look forward to seeing the partnerships and innovations that come from this new Center. The Edmonton Metropolitan Region is a great place for HCL Technologies to continue its expansion into Canada,” said Malcolm Bruce, CEO, Edmonton Global. “Our region's tech sector continues to attract investors through our high quality of life, world-class talent and affordability. We're excited to watch HCL expand and grow here. In addition to the Edmonton Center, HCL Technologies’ continued success in Canada is driven by the support of Global Delivery Centers in Mississauga, Ontario, and Moncton, New Brunswick. For more details on employment opportunities at HCL Technologies, please visit www.hcltech.com/careers. About HCL Technologies HCL Technologies (HCL) empowers global enterprises with technology for the next decade, today. HCL’s Mode 1- 2-3 strategy, based on its deep-domain industry expertise, customer-centricity and entrepreneurial culture of Ideapreneurship™, enables businesses to transform into next-gen enterprises.HCL offers its services and products through three business units: IT and Business Services (ITBS), Engineering and R&D Services (ERS) and Products & Platforms (P&P). ITBS enables global enterprises to transform their businesses through offerings in the areas of applications, infrastructure, digital process operations and next generational digital transformation solutions. ERS offers engineering services and solutions in all aspects of product development and platform engineering. P&P provides modernized software products to global clients for their technology and industry specific requirements. Through its cutting-edge co-innovation labs, global delivery capabilities and broad global network, HCL delivers holistic services in various industry verticals, categorized as Financial Services, Manufacturing, Technology & Services, Telecom & Media, Retail & CPG, Life Sciences & Healthcare and Public Services. As a leading global technology company, HCL takes pride in its diversity, social responsibility, sustainability and education initiatives. For the 12 months ended Dec. 31, 2021, HCL had consolidated revenue of US$11.18 billion. Its nearly 198,000 ideapreneurs operate out of 52 countries.For more information, visit www.hcltech.com.

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Spotlight

The application of automation and artificial intelligence (AI) to mission-critical business processes will more than triple by 2019, reflecting growing confidence in such technologies. This is among the findings in the latest ISG research in which we asked more than 500 business and IT leaders about their current and future plans for automation and AI.

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