Pakistani Interior Minister stated that 25 fighters will be delivered by March to counter Indian Rafales. After years of rumors, it looks like Pakistan might be getting the Chinese Chengdu J-10 fighter jet for real. [...]

The post Pakistan Might Be Getting Chinese J-10 Fighter Aircraft appeared first on The Aviationist.

Big data is playing a massive role in countless industries. It is changing the landscape of commerce as we know it. As we pointed out in the past, it is the key to business growth. We recently interviewed many entrepreneurs to understand their big data priorities. One of the most significant benefits is with office […]

The post Big Data Drives Office Productivity into Overdrive appeared first on SmartData Collective.

If you are a policy-maker, prospective business partner or investor, IP Australia wants you to know that a useful way to identify small and medium enterprises (SMEs) with high growth potential is to look at their IP activity.  A new research report from the Office of the Chief Economist, titled Intellectual property rights and enterprise growth: The role of IP rights in the growth of SMEs, describes a study using data on the full population of Australian businesses – around 600,000 SMEs over the period 2002–2017 – to examine correlations between IP activity, employment, and growth of SMEs.  The study finds that, on average, SMEs that own IP rights (IPRs) are 3.5 times larger than SMEs with no IP rights (7 employees compared to 2 for SMEs with no IP rights).  Furthermore, rights-holders pay their employees better, with median annual wages being A$53,755 per employee compared to A$43,304 for SMEs with no IP rights.

My opening sentences above were very carefully chosen.  There is a risk that this study may be understood or reported in some quarters as implying the presence of a causal relationship between ownership of IP rights and business success.  It should go without saying, however, that (in the absence of evidence otherwise) correlation is not causation.  This is expressly acknowledged in the report itself (page 10), but IP Australia is also choosing its words carefully in promoting the report.  In information provided to media, the Director General, Michael Schwager, is quoted as saying:

This research paper presents evidence, for policy makers and business investors, that SMEs who file for IPRs are more likely to experience high growth than those who do not file for any IPRs.

On average, SMEs that own IP rights are around 3.5 times larger, are older and pay a higher median wage. SMEs filing for all the three types of IPRs, namely patents, trade marks, and designs, are the most likely to achieve high growth in terms of both turnover and employment.

To the casual reader, these statements might be taken to imply a causal relationship.  Saying that entities that do X are more likely to achieve Y arguably implies that X might be a good thing to do if your goal is to achieve Y.  But of course that is not true here.  If all anybody needed to do to succeed in business was to file a trade mark application, then I am sure everybody would be doing it!  An economist or statistician reading the above statements would merely find a few interesting facts regarding the observed relationships between IPR ownership, business growth, company size, longevity, and employee remuneration.  They would see nothing regarding any causal relationship among these characteristics.  All they would learn is that entities represented in the study data that have achieved Y are also more likely than average to have done X.

It is also notable that Michael Schwager’s statements specifically address policy makers and investors.  What about business owners?  Surely they would want to know how to maximise their prospects of success?  Well, of course they would.  But this study, by itself, tells them nothing about how to achieve that outcome.  Just because more successful businesses are more likely to own more IPRs does not imply that simply filing more applications for IPRs is the hidden secret to business success!

So, let’s delve a little more deeply into this report and see what else it tells us about IPRs and successful SMEs, and attempt to infer, from its findings, something about what makes an SME successful, and where other SMEs should be looking to find exemplars from which they can learn.

The TCG World partnership allows for the Greed Metaverse build to tie every utility together in the Greed Ecosystem with much room to spare for our forward-looking projects. Epic Games CEO, Tim Sweeney says the Metaverse is a multitrillion-dollar opportunity.  Greed with Strategic partners, WallStreetBets and Ken Shamrock's Valor Sports took neighboring commercial plots in their massive collaboration with TCG World.

The Greed Headquarters will be a modernized replica of Tony Montana's Mansion from Scarface. Grammy Award winning producers Cool & Dre are South Florida icons so Greed Music recording studios and NFT Galleries will be built into a series of old south beach architecture buildings with a Miami Vice feel meets the future. The Amphitheater for concerts will bring a much more high-tech atmosphere to the music world and will host live streaming concerts. Greed Music studios will live stream your favorite recording artists so you can watch them work in the real-life studio.  Don't forget Greed's pup Baby Doge Inu because the crypto love child of DOGE & SHIBA INU will have his own area along with his crypto/NFT based game.

$Greed partners with the next level of Metaverses, TCG World in collaboration with WallStreetBets & Ken Shamrock

Valor Sports will be providing a high tech multi sports arena to showcase NFTs for all their athletes while incorporating crypto sports games. Ken Shamrock's Valor Bare Knuckle will have the Bout Circle reproduced inside the Roman Colosseum where if your avatar dares to step into the circle you better be prepared to fight your way out. What better way to showcase the Hall of Fame wrestler & UFC Champion, Ken Shamrock's career than inside a lion shaped building to represent the Lion's Den. The Lion's Den was the first fight club ever and was created by the world's most dangerous man himself.

WallStreetBets will have Wallstreet and the stock exchange duplicated with many other surprises. Look for additional buildings with cutting edge design and Mount Apemore. You may see a bull and a bear, but they will most likely be overrun by apes.  If you are an adventurer you can take part in Pi Protocol treasure hunts for their rare NFT's throughout all the lands. $Greed, Baby Doge Inu, Greed Music with Cool & Dre, Wallstreet with Apes, Valor Sports, Valor Bare Knuckle, The Lion's Den and Ken Shamrock all bordering and being built by TCG World architects with their superior technology = MIND BLOWN!

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The information provided in this release is not investment advice, financial advice or trading advice. It is recommended that you practice due diligence (including consultation with a Professional financial advisor before investing or trading securities and cryptocurrency.

Information Accuracy  

All the information provided is subject to change at any time due to market conditions or source retractions including editorial modifications.