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FAQ

What are the direct implications of Brexit on New Zealand’s housing market?
Those who believe that Brexit is negative for NZ housing may say 1) Doom and gloom in Europe will spread to NZ triggering a recession. As NZ house prices are already high this is the straw that will break the camel back. 2) NZ exporters will be hurt by reduced volume and margins as well as a strengthening NZ dollar therefore reducing net takings for NZ exporters causing a recession. 3) Funding costs will increase globally. As NZ banks are dependent on foreign lenders this will raise NZ longer term mortgage interest rates. Those who think Brexit will increase NZ house prices may say 1) Interest rates will stay lower for longer therefore making housing (servicing of home loans) more affordable 2) Brits (and other Europeans) who are upset with Brexit will migrate to NZ in greater numbers 3) NZ is now even more appealing to Chinese investors who will exit their UK investments. On balance I think Brexit by itself will unlikely cause a significant increase or decrease in house prices. There are far more important drivers at work. You assume that New Zealand housing market is overheated. Whilst it may be that house prices are expensive based on traditional metrics like house price-to-ie and price-to-rent; fundamentally let not forget there is a housing supply shortage (especially in Auckland where the number of new people arriving in Auckland exceeds the rate of new additions to housing stock by a wide margin). It doesn take an economist to work out what happens when you have an ever increasing number of people demanding housing inadequate current supply and limited new supply in the foreseeable future.
What does OCR mean in robotic process automation?
Standard OCR solutions are typically able to work properly on structured business documents. For instance imagine you run a business with some product registration codes or specific forms for your customers. In this case a standard OCR system would know exactly what of forms to expect therefore it would be easier for it to recognize the relevant data and discern them from layout elements within the document itself.
What is OCR?
Optical Character Recognition s 3monly known as OCR 3 is a technology used for the mechanical or electronic conversion of . The extracted information may be electronically displayed edited and stored which can be further used for cognitiveputing and machine learning. Simply put OCR technology is used to read and extract the data from image documents and then further used for pattern recognition. The old-school OCR technology wasn fully automated and couldn operate properly with manual supervision. The proper functioning required strict rules and templates. Still these solutions couldn process con and had no self-regulating mechanisms; hence making manual gance mandatory. The traditional OCR works quite well when it deals with documents whose formats and templates were pre-loaded into the system. However thises with a significant problem of flexibility. It means for every of document a new template model has to be designed and loaded into the system. This is quite time-consuming and costly processes similar to the manual data population. Therefore artificial intelligence is being incorporated into OCR toe up with a flexible and reliable automated process.
Why doesn't the UK use electronic voting machines? It also doesn't require identification proof. These methods seem fairly archaic for a developed country.
Likely because voting machines are not a good idea in any shape or form but appear like one on the surface. After all they are less prone to errors and deliver the results faster and more reliable than one human. They also require way less manpower to maintain and set-up than regular polling at the polling stations. So these are the perceived benefits. There is one argument against them and this stems from the German Bundeswahlgesetz An election must be public unmediated free equal and secret. This is also mostly applicable to UK elections. Voting machines do not tick several boxes of that for various reasons. Public Yep that mostly works with machines as well does not really interfere. Free Technically yes if the system is working correctly you can have alternatives and vote for them. Although it eliminates the possibility to deliberately cast no vote or an invalid vote. Secret Again there is no way you can tell if that voting machine does not store or immediately delete your vote sometimes you are given a receipt which is also tricky for privacy reasons. ordered-list These are all the issues when these machines are working correctly. If they do not work correctly or are manipulated etc. these issues multiply greatly. In a pencil 2 urn system there are none of these issues and there are a hundred eyes going over each vote. In Germany you walk to your polling station cast your vote. The Urn is emptied and counted by multiple people in the polling station. Then it gets delivered to the next higher tier where it is again counted andpared with the lower tier. If there are discrepancies all count again until the result is the same. This diminishes voter fraud. You either manipulate very few votes with an immense effort or need to bribe an immense amount of people to manipulate relatively few votes. On the other hand one machine in one polling station working incorrectly or manipulated can invalidate thousands of votes with relatively minimal effort.
Is there a noticeable difference between OCR and AQA business studies?
Thank you for the A2A. Business Studies isn my subject but the general rule is that for all subjects at both GCSE and A level all exam boards have to set syllabuses (which they usually call specifications these days) that contain the same elements and lead students to the same standard. So although there will be differences between the way AQA and OCR do this they won be major differences. If you want to know what the syllabuses contain you could go onto the relevant exam boards websites and read the specification but I warn you it won be exciting reading and quite a lot of it probably won mean much to you. It may not even mean much to any teacher who hasn been on the official training day! I seriously wouldn rmend trying to learn the syllabus in advance. It isn likely that you will teach yourself better than your teacher would (if you know more than your teacher why aren you teaching the course?) and I am sure you have got more than enough to keep you busy already. But perhaps you could read some books from your school library or spend time reading the Business sections of newspapers to give yourself some useful background knowledge to help you when your course starts for real? That could really give you a flying start.
What is it like to be a Wharton undergrad?
Maybe you mean in the present state but here a historical perspective anyway ;) Background I came from a public high school in a suburb of LA and entered Wharton with the vague goal of learning 'business' because I had the impression that it was what made the world go round. Most of my high school classmates stayed in California straight into making mortgage loans or into the marijuana business before it was legal. I had never met anyone who went to Wharton and had no idea what investment banking or consulting was. It was 2. So I was floored by the fact that my classmates were Westinghouse Award winners kids who took 2+ APs in high school had perfect SATs and were riding full scholarships had hitchhiked alone across entire continents (with no cell phones nor internet) royal family members scions of CEOs and billionaires (including her ) and were running hedge funds while in school. People were really smart and it was invigorating but also intimidating. After one semester you will begin to understand that the single most important factor that pervades the entire experience is that Wharton is essentially a vocational school for the global banks and consulting firms. It looks like in 215 6% of the class went into investment banking and consulting ( only 5% in 216 ) and 5% of the class went to work for one of ~1panies. And no I don't think there's anything wrong with that; this is not judgment. But since the majority of the school gravitates towards 1 of 2 career paths at a handful ofpanies only you can feel a bit isolated and lost if you even have the inkling to do anything else besides banking or consulting and work somewhere else besides NY (5% of graduates). Although I imagine now there is more of a trend towards SF. The way high school students made it their goal to get into a good college kids at Wharton made it their goal to get into finance or consulting. It was regarded as the next achievement. So it can make you doubt yourself and your choices if you're not doing these things (i.e. a loser) since youre surrounded 36 by everyone else talking and stressing about it. I.e. when the On Campus Recruiting interviews are how to best prep for it what the questions are like when the internships start what the best jobs and classes are to take to prep for it etc etc. It seemed like for a lot of people the whole point of going through 4 years of education was just to get into Goldman. Also since OCR accounts for almost 6% of full time hires and you see everyone already getting jobs and 'securing' their futures and mentally relaxing during the 1st semester of sophomore junior and senior year if you don't italic have a job it leads to even more stress. A lot of my classmates kind of just went into banking or consulting because that was the default and easier decision even while sarcastically referring to themselves in self-loathing terms as a 'banker'. The classes were challenging and interesting. In retrospect IMO the things that should have been emphasized more are the subjects whose principles stand the test of time like statistics probability and accounting while I am still ambivalent about the value of being graded on a curve for subjects like finance and macroeconomics. This is basically saying you will rank your students on how well they regurgitate theories that have a high probability of being wrong. In the years since I've graduated Ive seen demand curves that are upward sloping the financial world is consensus-ing around the observation that economic agents are usually not italic rational we see financial systems with zero and negative interest rates experienced a world economy that blew up and see major economies that continue to defy all laws of traditional economics like China - all things that are heresy in what we were taught in econ. Actually economies seem to blow up with some regularity but that is not very emphasized. Shouldn't it? Like some kind of survival course. One of my lasting memories is listening to my Finance 11 professor who after teaching us the Black-Sholes model just crossed it out on the whiteboard and scoffed that it didn't work. I remember him also muttering something under his breath after telling us about CAPM. I also remember going to my International Fin professor after learning about how PPP and interest rate movements are supposed to affect exchange rates and asking how this theory fit a certain currency pair moving that week and he just said 'oh that's just price movement' i.e. speculative trading. Again not to say that all this stuff is useless but it does not seem to make sense to be grading kids on a curve for theories that have a high probability of being fallacious and based on erroneous assumptions. Maybe Im biased because I was squarely in the middle of the pack! Coming from Socal I was also struck by the way people talked and presented themselves at Wharton with so much poise and maturity. No doubt there are precocious kids at every school but what I'm talking about is endemic to Penn with its own term (called Penn face () ) - and was taken to another level at Wharton. It is a cultural way of speaking in that you never express uncertainty speak about everything in glowing terms and relentlessly sell yourself and your aplishments even when you were the equivalent of a clerk at a bulge bracket during your summer internship. You are always italic confident in yourself and your views. Also you never. All this struck meing from an average public high school as so mature. I was somewhat in awe of my classmates. But this also leads to situations when I would be sitting in class looking at a case study with a chart on it clearly italic indicating that sales of a certain pipe were 3% of total sales while a kid would ly claim that since sales of the pipe were 8% of the total thepany should focus its efforts on it and 5 others would piggyback on the erroneous statement and keep the discussion going for a full ten minutes underpletely fallacious assumptions. While the TA just kind of froze and said nothing hypnotized. As people have noted before smart people can rationalize anything () and if you say anything with enough confidence you can create your own version of reality distortion fields. Although people outside of Wharton would probably call this way of talking of being an utter andplete a**hole. And which many at Wharton would probably receive as apliment. I don mean to make light of Penn Face () and the suicides associated with it but that beyond this post. Actually I say this without sarcasm or irony but learning how to sell myself and speak confidently even when I'm not (i.e. acting) was one of the most important lessons for me at school. Because in business you need to posture sometimes. The problem starts when you start believing your own B.S. There are two ironic things about this. The first is that everyone was always so insecureing out of any exam andpeted with everyone to try to convince everyone else that they got the worst grade in the class. This micropetition was elevated to an art form. Yes you know who you are and you know exactly what I'm talking about. The other ironic thing is that now when I catch up with some of my classmates they all say they were feeling the same thing during their undergrad years - that they were lonely scared and lost and that everyone else italic seemed so breezy and confident and aplished. I guess it takes a decade to reverse the effects of Penn Face. Wharton MBAs will always tell you that the undergrads are 1x morepetitive and intense than they are. In my experience they regard the undergrads with a mix of distant awe like you would regard a smaller but especially savage creature in the wild. But not to say that there is no social life. There is a lot because Penn is the social Ivy. Now that I see my hard-partying alcohol-poisoned sexcapade-participating classmates situated in executive and leadership positions of high finance and the business world it really makes me think I should have taken things a little less seriously as an undergrad. For graduation we strolled down Locust Walk in our robes on our way to the ceremonies at the stadium. Our professors were lined up on the Walk in their robes too greeting and congratulating us. It was a gesture filled with such respect that I remember the faces of the professors I saw that day. It in turn made me respect the school even more and feel like I was part of a grand tradition. Also Donald Trump came to our graduation and posed happily for photographs. It's an experience like no other and it made me who I am. Although there were as much miserable memories as there were amazing ones I wouldn't trade it for anything.
Are Russians good in IT?
If by IT you mean what is usually meant by it i.e. the boring job of maintaining in-house information systems that serve the employer internal needs I wouldn know. This job is kind of trivial and doesn require strong technical skills to be good at. It requires good manners endless patience and rudimentary knowledge of technology. If you mean stuff likeputer science then yes I say Russians are good at it. Russians make the best system programmers for one so for that reason when I am to ask a question about the Linux kernel for example I prefer to ask in Russian language forums. As far as Russia aplishments go they speak for themselves too. Russia JetBrains pretty much owns the once verypetitive business of Integrated Development Environments or IDE (an IDE for a software developer is what an image editor is for an artist). That because a good IDE is a platform for which people write an ecosystem of plugins so good architecture is paramount and as a plugin writer for JetBrains I assure you the architecture of JetBrains lives to its name. So most of the software youve encountered (almost certainly Quora too) has been developed with Russia help. Kotlin board_item board_item_id 37386 is a programming language developed by the samepany JetBrains. It on the rise. It has all the cool modern language features of Scala without Scalaplexity (though I wouldn know I am a big lover os Scala but people say that). More importantly Kotlinpiles to both Java Virtual Machine bytecode and to Javascript so it can run both on client and server allowing developer to adhere to the DRY principle (Don Repeat Yourself) which is very important. Ive seen software development houses develop exactly the same software twice in Javascript and Java then stuck with maintaining and synching two codebases eek! Easily preventable thanks to this Russianpany. Also Kotlin is increasingly popular with Android and iOS developers. ABBYY is made-in-Russia OCR software. It converts a scanned or photographed sheet of to searchable . It light years ahead of Adobe which used to be the market leader in OCR. You might not have heard of ABBYY but that because they don sell to consumers that much. Instead their OCR software is bound with almost every scanner you buy. Companies like Evernote run ABBYY behind the scenes too. NGINX is the fastest growing reverse proxy webserver. Last I checked one third of websites worldwide used it. Probably more so now. Quora uses it too. Parallels is a hosting platform used by many web hosts including GoDaddy. Kaspersky is the world best antivirus. It would have undoubtedly been the world most popular hasn it been expensive. I am sure there are other things Ive left out but this is just from the top of my head. All that done by Russian developers who stayed in Russia during Russia hardest years when they could have worked abroad and made many times more money. Ive seen Russian developers abroad in big software houses in the US and Israel. They pull way more than their weight too.
What is something Microsoft has that Google doesn’t?
Microsoft has an iron grip on business information and Google can touch it. Lots of good answers here. For sure it is useful to understand the full range ofparative features and services. But Microsoft has a kill shot and they know how to use it. I would like to focus on that because it really is an unmovable part of the challenge Google faces. The kill shot is the volumes of information locked into MSOffice applications. With that lock Microsoft can totally control the great transition from desktop centered clientputing to Cloudputing. Which they are doing. Mypany works with Artificial Intelligence systems where we confront this problem every day. One thing all AI systems needs is access to information. They need to access and get inside the documents that are under Microsoft application control. They can even be trained until access and collaborative editing is achieved. The current method is to convert to PDF and then OCR the documents. Clumsy inefficient half ass access with zero possibility of ever unleashing the collaborative editing potential of AI machines. And it is not just AI that needs direct and interactive access to documents. Our desktops and devices have been augmented by superputing power unimaginable just a few years ago. We live in a world where MANY new and exciting applications are going to need access to our information. The bottom line is this For a business wanting to make the transition to Cloudputing they need to take their information with them. And they need that information accessible to highly productive superputing applications. Like AI The kill shot is in this business information equation Productivity isprised of three basic information categories data documents and methods. italic productivity+ = increasing the integration ofmunicationsputational information and collaborative methods italic Interactive methods italic is a mosh pit of themunication and exchange of information. It how people work.municate and interact with information. Google and Microsoft break even when ites to methods. Data italic is portable. The introduction of SQL based relational databases unlocked data from applications and from the application provider. Not good for Oracle but Google and Microsoft have no particular advantage here. The kill shot is in documents . Here it is all Microsoft. The transition from analogue to digital was an exciting time that truly accelerated when Microsoft put Windows and MSOffice on near every desktop. Document based information is locked into MSOffice applications because that is how most documents were created merged with data and sent into profitable workflows and systems. Focus for a moment on workflows italic and the merger of data into documents italic and you will understand exactly why Google will lose to Microsoft in the Cloudputing era. The merger of data into documents was a productivity milestone. But is also the anchor of how documents are locked into both applications and network systems. This is the key to Microsoft sudden success with Azure - Office 365. Azure is the new network system for hosting the next generation of productivity applications and services. Office 365 is the highly portable means of accessing and collaboratively editing the billions of existing Office documents that fuel so many legacy workflows. That reality is going to be leveraged into a next generation iron grip where new applications and services are bound to the information they produce and work. This is what Google can touch. Microsoft has both an application lock and a systems lock on documents. I love Google docs. Especially the OT based collaboration. But when ites to workflows and business systems gDocs is a disaster. In business if you break a document on conversion to gDocs you break the workflow. When you break the workflow work stops. If you look at the analytics of the Azure Cloud you can help but notice it was a failure right up to the point where Office 365 was released. In 214 the rocket was lit and one of the greatest transitions inputing history was launched as Microsoft began moving their monopoly base to Azure. By 218 they were hitting at an $18 Billion annual run rate. I think it is now at $32 Billion and scorching everything in site. The thing is nobody moves to the Cloud without also taking their information with them. Once they get to the Cloud there will be enormously productive arrays of new applications. With their iron grip on documents Microsoft owns this transition. They also own the many future applications that need access to the magic triangle of data documents and methods. Including AI. Sometimes I feel like it is 1992 and Windows was just released to developers. Only this time it called Azure and Office 365 anchoring so many other new applications and services; totally integrated into the new TCP Cloud OS. To Quote that great philosopher Yogi Berra It Like Due9jue-vu All Over Again ) ~ge~
What is the hottest topic in Robotic Process Automation?
Microsoft has an iron grip on business information and Google can touch it. Lots of good answers here. For sure it is useful to understand the full range ofparative features and services. But Microsoft has a kill shot and they know how to use it. I would like to focus on that because it really is an unmovable part of the challenge Google faces. The kill shot is the volumes of information locked into MSOffice applications. With that lock Microsoft can totally control the great transition from desktop centered clientputing to Cloudputing. Which they are doing. Mypany works with Artificial Intelligence systems where we confront this problem every day. One thing all AI systems needs is access to information. They need to access and get inside the documents that are under Microsoft application control. They can even be trained until access and collaborative editing is achieved. The current method is to convert to PDF and then OCR the documents. Clumsy inefficient half ass access with zero possibility of ever unleashing the collaborative editing potential of AI machines. And it is not just AI that needs direct and interactive access to documents. Our desktops and devices have been augmented by superputing power unimaginable just a few years ago. We live in a world where MANY new and exciting applications are going to need access to our information. The bottom line is this For a business wanting to make the transition to Cloudputing they need to take their information with them. And they need that information accessible to highly productive superputing applications. Like AI The kill shot is in this business information equation Productivity isprised of three basic information categories data documents and methods. italic productivity+ = increasing the integration ofmunicationsputational information and collaborative methods italic Interactive methods italic is a mosh pit of themunication and exchange of information. It how people work.municate and interact with information. Google and Microsoft break even when ites to methods. Data italic is portable. The introduction of SQL based relational databases unlocked data from applications and from the application provider. Not good for Oracle but Google and Microsoft have no particular advantage here. The kill shot is in documents . Here it is all Microsoft. The transition from analogue to digital was an exciting time that truly accelerated when Microsoft put Windows and MSOffice on near every desktop. Document based information is locked into MSOffice applications because that is how most documents were created merged with data and sent into profitable workflows and systems. Focus for a moment on workflows italic and the merger of data into documents italic and you will understand exactly why Google will lose to Microsoft in the Cloudputing era. The merger of data into documents was a productivity milestone. But is also the anchor of how documents are locked into both applications and network systems. This is the key to Microsoft sudden success with Azure - Office 365. Azure is the new network system for hosting the next generation of productivity applications and services. Office 365 is the highly portable means of accessing and collaboratively editing the billions of existing Office documents that fuel so many legacy workflows. That reality is going to be leveraged into a next generation iron grip where new applications and services are bound to the information they produce and work. This is what Google can touch. Microsoft has both an application lock and a systems lock on documents. I love Google docs. Especially the OT based collaboration. But when ites to workflows and business systems gDocs is a disaster. In business if you break a document on conversion to gDocs you break the workflow. When you break the workflow work stops. If you look at the analytics of the Azure Cloud you can help but notice it was a failure right up to the point where Office 365 was released. In 214 the rocket was lit and one of the greatest transitions inputing history was launched as Microsoft began moving their monopoly base to Azure. By 218 they were hitting at an $18 Billion annual run rate. I think it is now at $32 Billion and scorching everything in site. The thing is nobody moves to the Cloud without also taking their information with them. Once they get to the Cloud there will be enormously productive arrays of new applications. With their iron grip on documents Microsoft owns this transition. They also own the many future applications that need access to the magic triangle of data documents and methods. Including AI. Sometimes I feel like it is 1992 and Windows was just released to developers. Only this time it called Azure and Office 365 anchoring so many other new applications and services; totally integrated into the new TCP Cloud OS. To Quote that great philosopher Yogi Berra It Like Due9jue-vu All Over Again ) ~ge~