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Payment Card Industry Compliance: An Overview

MR_Magz_10_Best_Financial_SP_Article_EnhancingCompliance_Dec_2020, MR_Magz_10_Leading_Payment_and_Card_SP_Article_Innovation_Quotient_July2020 / Mirror Review

The payment card industry has seen significant growth over the past few years. According to a report, at the end of 2015, there were around 18.08 billion payment cards in circulation worldwide and this figure is expected to grow to 22.90 billion by the end of 2020. Thus, this increased number of customers has posed […]

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How Host Card Emulation meets EMV Goals?

MR_Magz_10_Leading_Payment_and_Card_SP_Article_Reliable_PaymentSolutions_July2020 / Mirror Review

Since the introduction of the first android phone with Near Field Communication (NFC) capabilities in 2011, mobile and contactless payment technology have shown immense potential for banking and payment industries. As more mobile payment technologies hit the market, the payments industry continues to get one step closer to a new, better world that no longer

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A Fresh Start For Organizations To Create Sustainable Workplace

MR_Magz_10_Inspiring_Business_Leaders_Article_Sustainability_Value_Vol2_April_2020 / Mirror Review

Presently, Coronavirus has claimed the lives of many people globally and is continuing to ravage normal working conditions. Because of this pandemic, human beings are affected, hospitals overloaded with infected patients, the economy is falling, and many adverse situations are emerging now. However, just like a coin has two sides, this deadly virus has two

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What will Virtual Learning bring to the table for the Future of Higher Education?

MR_Magz_10_Reputable_Education_Franchises_Article_Future_Education_feb_2021, MR_Magz_Innovative_E-learning_SP_Article_Future_Education_Sept_2020 / Mirror Review

The rapid spread of the coronavirus outbreak has significantly impacted the global education systems. The educational institutes around the world have been forced to shut down due to the social distancing measures. The pandemic has impacted schools as well as higher educational institutes. These impacts are especially visible in the domestic higher education institutes in

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Innovation Quotient: A Benchmark to Evaluate Innovation

MR_Magz_Innovative_Companies_Article_Innovation_Quotient_July2020 / Mirror Review

With the ever-increasing digitization and brisk industrialization, the competition among businesses is getting even more furious. For a company to be able to stand out in this competition, being innovative is the key. Companies nowadays are stressing more emphasis on the R&D department for new researches and developments. Studies have shown that every dollar invested

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For years, pandemics have affected humanity and claimed almost half a billion over the past two millennia. Currently, COVID 19 is drastically impacting humanity. However, humanity seems to be guarded with biotech and advanced medicare. Around the world, the national governments and medical authorities are working together as a global response against the COVID outbreak as a measure to slow down the spread of the virus and save lives. However, the long-term combat to defeat the virus is being led by the pharma and biotech industry. The timeline for the possible breakthrough in the vaccine is still uncertain, but significant work is being undertaken globally. The practice of medicine has changed dramatically over the years through pioneering advances in biotechnology research and innovation; and millions of patients worldwide continue to benefit from therapeutics developed by companies that are discovering, developing, and delivering innovative medicines to treat grievous illnesses. For instance, the COVID-19 outbreak took the biotech companies around 3.1 months from the viral genetic-sequence data publication to the first human study in the clinical trial. Compared to the response to another pandemic caused in 2003 by a virus from the same type—SARS coronavirus—this was very quick. Back then, companies needed 20 months to start clinical trials. Biotechnology Throughout Time The term biotechnology was first coined in 1919 by Karl Erkey, a Hungarian Engineer. While the word biotech is of recent origin, the discipline itself is very old. To explain further, humans started employing microorganisms as early as 5000BC to produce wine, vinegar, bread, etc. This divides biotechnology into three particular eras: • Ancient Biotechnology: In the period before the year 1800, some events that were based on common observations about nature can be categorized as biotechnological developments, for example, the discovery of yeast. • Classical biotechnology: This is termed as the second phase of the development of biotechnology. This stage existed from 1800 to almost the middle of the twentieth century. In the classical era, different observations started pouring in, supported by scientific evidence. • Modern Biotechnology: By the modern era researchers had almost all the basic tools available to which fast-forwarded the path to important scientific discoveries. This led to the further categorization of the definition of biotech. The Second World War was a huge barrier to scientific exploration. But after the war, some important discoveries were researched. These discoveries form the basis of modern biotechnology and also have brought this discipline to its present status. Telecare And Digitized Medicine Currently, the home is where much of the medical care takes place and medicinal practices are no longer limited to clinics and hospitals. Due to the introduction of new business models and new ideas like telehealth and telemedicine, healthcare has transformed into digital. With the ubiquity of digital communication, several doctors are now available virtually and deliver care to patients in their homes. Technology on its own, such as smartphones, is not a magic solution module; rather, success lies within the unification of virtual health and human ability to interact, it also depends heavily on developing partnerships with augmenting technology to enable trust-based patient-centered care in a balanced person with a commitment to efficiency through technology. The amalgamation of technology and human interaction has led to the success of the health wearables industry. These devices are anticipated to revolutionize healthcare through early detection of disease, disease management, and remote monitoring. A few of the technologies that commenced the advancement of health tech was the introduction of health and fitness bands. Today, these bands and gadgets have been equipped with health apps to further enhance the experience. Further, there is more addition in the technologies such as Smart Swimming Googles— one can gain real-time workout data from the head up mini display through the lens, and can set it to appear on any of the lenses. Smart Scales that come with sensors placed under the feet, and they calculate the users' BMI and their body fat percentage. Apart from these, there are several technologies speculated to be seen in the nearest future. Future Timeline of Biotech Trends In the past century, biotechnology has witnessed a rapid pace of evolution and reached incredible rates, to an extent that the field is constantly being disrupted with innovations, developments, and breakthroughs. Over the next five years, professionals anticipate some major breakthroughs in the advancements. Following are few speculations, • Biosensors One key development that will shape the biotech industry in the next decade will be biosensors. These sensors will be standardized and designed to track various biosignatures such as body temperature, breathing, pulse, and blood pressure. Medical technology is becoming progressively urbane and Biosensors will surely revolutionize health monitoring. • 3-D Bioprinting 3-D bioprinting seems to be another important prospect in the biotech innovation sector. 3-D printing was among the great accomplishments of the 2010s. The very next stage would be no less groundbreaking. By using living cells, this technology can create different parts of the human body, like the heart valves, skin, and cartilage, to be used in medicine. Bioprinting can produce drugs and pills, as well as whole organs, including hearts or livers that grow from the patient's own body cells. The potential to print human organs will also be applied to medical research and education as a means of providing reliable samples for analysis and evaluation. • Bioplastics Environmental and ecological concerns are fast becoming a major area of focus. People are increasingly conscious of the materials they use in their day-to-day lives. One of the materials that have witnessed the most dramatic shift in public awareness is plastic. Estimates suggest as many as 12.7 million tons of plastic enter the ocean annually. It takes decades to decompose and represent a significant threat to aquatic life. Different initiatives are starting to help reduce our dependence on it. The advancement of bioplastics was one method to emerge from the biotech industry. More and more researchers see organic materials which might decompose over time, or could also be consumed safely, instead of plastic. It is assumed that the use of bioplastics may increase by 20% each year until 2021. Such materials are much less hazardous to the environment, whilst also sustaining many of the perks of regular plastics. • Bioenergy In addition to bioplastics, biofuels will also see an increase in their market share. Biotech heat and energy production will continue to expand gradually to about 7% per year, while biofuel use will enhance by 7% by 2021. Since technology sees much use and becomes more profitable on the markets, its productivity and manufacturing will rise significantly until it is capable of competing on an equal level with its chemical counterparts. Numerous cities in Europe are already using automobiles that use biofuels in whole or in part. • Gene editing The human genome was once considered to be a major breakthrough and a cutting-edge of science. It was thought to be a pinnacle in biological research. However, as biotech progressed with time, the sequencing genome has become relatively common. Over the decade genome sequencing has become cheaper, which once cost $95 million, today has dropped to $950. Researchers have grown to have a greater understanding of the genetics and this has granted them with greater capacity for their manipulation. Thus, gene editing currently stands amongst the most exhilarating areas within the biotech industry. • Virtual and augmented reality (VR and AR) VR and AR are often related to computer technology, yet the applications of the same in biotech innovation cannot be ignored. Currently, these systems work across various medical fields. For example, it can assist surgeons during delicate operations or help patients recover from injury. These technologies allow people to examine the 3D demonstration of the human body and its various parts. VR and AR allow for a more effective representation of medicine and its effects and provides greater support to doctors during diagnosis. Its uses are not just confined to hospitals, but also in medical training, where patients can be shown in detail how their treatment might proceed. The future of biotechnology and biotech advancement is indeed shaping up to be a very crucial time. Over a decade, technological innovations and fields are thriving, bringing the enormous potential for implementing change. But this also leads to an important discussion on the ethical implications of such breakthroughs. COVID Outbreak Might Be Pivotal The outbreak of pandemic has highlighted the inefficiencies in the biotech industry due to the global failure in recognizing the initial outbreak, producing vaccines, or even repurposing an existing treatment. The crisis has undoubtedly presented significant challenges for healthcare and biotech sectors, but also represents an opportunity for companies to develop essential products and services to assist in controlling the pandemic. Before the pandemic subsides and the global accusation begins it is important to note how it instigated and study lessons to ensure that this situation does not persist again. Before the pandemic, we had never witnessed the academic world and industry rallied together, in such an alliance of public and private companies that have worked together to produce much-needed additional ventilator capacity, PCR testing capacity, antibody tests, and new therapies. Also never has the National Health Service been challenged on this global level, but it has reacted in a direction that empowers hope and shows the advantages of bringing together public and private sector providers. To summarize, humanity is no longer defenseless in the age of biotech but it will take more than just biotech development to battle with anything like a pandemic. No level of advancement in science and technology can resolve psychosocial, socioeconomic, and political obstacles that create inefficiencies in operation and distribution. Consequently, COVID-19 might even be a pivotal moment in their corporate development, exemplifying their core capabilities, and competences to the wider industry and investors alike. As the decade closes and a new one opens its doors, people are eager to see the new possibilities that would emerge further in the biotech industry. Reference: Biotech, Biotech Industry, COVID, Impact on Biotech, Healthcare, Timeline,

Humanity Is No Longer Defenceless In the Age of Biotech

MR_Magz_10_Innovative_Biotechnology_Solutions_Article_Humansdefenceless_Biotech_June2020 / Mirror Review

For years, pandemics have affected humanity and claimed almost half a billion over the past two millennia. Currently, COVID 19 is drastically impacting humanity. However, humanity seems to be guarded with biotech and advanced medicare. Around the world, the national governments and medical authorities are working together as a global response against the COVID outbreak

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Emerging Advances in Biotechnology Industry

MR_Magz_10_Innovative_Biotechnology_Solutions_Article_Futuristic_Advancemnets_June2020 / Mirror Review

Since the discovery of DNA back in 1953 which was a huge milestone in the field of medicine, there have been numerous advances in the ever growing biotechnology and medicine industry. These advances differ from genetically engineered medicines, such as insulin and human growth hormone, to progressions in understanding, curing, and preventing inherited diseases. All

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The robot revolution is a long-standing staple of science fiction, from Metropolis to The Terminator, and the spread of advanced machines in recent years has done little to contradict its seeming inevitability. But before master and servant switch roles, the robots of the world need to conquer a simple task: efficiently recognizing a cat. In 2014, it took some 16,000 computers running on a “neural network” set up by Google to accomplish this feat—something a toddler does by reflex. The algorithms for determining “catness” are rapidly improving, but this distinction between thinking and calculating is a great divide that robotics engineers will need to breach before robots can truly replace humans. A kid knows that all things with four legs, such as chairs, aren’t cats. IBM’s Watson supercomputer triumphed on the quiz show Jeopardy in 2011, but it also thought Toronto was in the United States. Humans And Robots, Mutually Beneficial Robots are increasingly moving into more corners of the world. One study estimated that as many as 45% of jobs in the United States would be eligible for robot replacement over the next 20 years. Law offices have already reduced the demand for paralegals because computer programs can now process legal briefs and synthesize large documents. People have worried about being replaced by machines since the start of the industrial age. Although this has proved to be a legitimate concern in many jobs, machines can also be a complement to human endeavor rather than a substitute for it. Machines and computers, in general, have amplified human strength through mechanized tools, augmented human intelligence through information processing, and extended human reach through telecommunications and remote sensing. But these robots couldn’t operate autonomously. They needed instruction—a person to think up the process and rules for each task and audit the outcome—just to be sure that the shipment from Amazon.com has a book about cats in the box, not one about woodworking or parakeets. This online retailer among the major adopter of robots, and a major advocate for collaboration between humans and machines. At Amazon’s massive product warehouses, fleets of heavy-lifting robots bring shelves of products to a packaging employee, so the employee doesn’t have to spend time locating the correct product. According to a recent report, the company now has 200,000 robots working in its warehouse. Going Where No Human Can Go Hospitals rely on robots for tasks that range from hauling laundry to assisting with delicate surgeries. The world’s first complete robot surgery took place in 2010 at McGill University Health Center in Montreal, Canada. A pair of robots called DaVinci (the surgeon) and McSleepy (an anesthesia bot) removed a patient’s prostate. A surgical team controlled DaVinci’s arms via video control while observers in the room monitored the operation closely. Robotics allowed for greeted steadiness and precision in handling the instruments than a human could achieve, but the operator still needs to decide where and when to cut or stitch—at least for now. Thousands of military and police robots have been deployed successfully to do work that is too dangerous for humans. Robots can clear away land mines in war zones, inspect suspicious packages on city streets, and provide 3-D imaging of unstable buildings. Real-life robots can scout potentially hostile environments and keep soldiers safe, like the PackBot made by iRobot, which is used to identify explosives, chemical weapons, and radioactive materials. In March 2011, a tsunami devastated parts of Japan and severely damaged reactors at the Fukushima Daiichi nuclear plants. The radiation released resulted in the evacuation of 300,000 people and the development of a clean plan that will span decades. In that unsafe environment, humans turned to robots for damage analysis, radiation monitoring, and debris removal. Researchers in Australia have built a microscopic robot that can move around in a manner similar to E. coli bacteria. The tiny machine could take a biopsy from inside the human body. What Is A Robot? What distinguishes a robot from other technologies or machines is not always clear-cut, in part because scientists have not yet come to a consensus on which machines qualify as robots. Generally, robots are autonomous or semi-autonomous that can manipulate the physical environment through their moving parts or suggestions. At a basic level, robots need only to sense something and put what they are sensing through a decision algorithm and act. They may resemble humans or other living things, and their range of capabilities may mimic “thought” and autonomous fiction. Humanoid devices with a broad array of abilities and decision-making skills are becoming more common, from Honda’s Asimo, which resembles a person in a spacesuit, to Baxter, a robot factory worker. Rethink Robotics, the company that created Baxter, says that one of its advantages is trainability—you can show it what to do rather than program instructions. But today’s robots still depend heavily on people, from robotic arms and other factory equipment that needs the correct coordinates to know where to go to the many military devices that need orders from a human operator. However, as artificial intelligence research advances, robots may someday be capable of making their own choices.

Robot: A Complement Or Substitute?

MR_Magz_10_Innovative_Artificial_Intelligence_SP_Article_Robot_Revolution_June2020 / Mirror Review

The robot revolution is a long-standing staple of science fiction, from Metropolis to The Terminator, and the spread of advanced machines in recent years has done little to contradict its seeming inevitability. But before master and servant switch roles, the robots of the world need to conquer a simple task: efficiently recognizing a cat. In

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Artificial Intelligence 2.0: A Blend of Natural Intelligence and Artificial Intelligence

MR_Magz_10_Innovative_Artificial_Intelligence_SP_Article_AI_2.0_June2020 / Mirror Review

The proliferance of Artificial Intelligence has increased significantly over the recent years. With AI-related research and applications rapidly increasing, industries are inclining more towards the potential uses of AI. According to a report issued by venture capital corporation CB Insights in the US in 2016, Google, Twitter, Microsoft, Apple, Intel, and other information technology giants

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Joseph Chan: Impending Towards a Cashless Society

Exclusive Interviews, MR_Magz_Disruptive_Tech_Entrepreneurs_Look_2020_List_Oct_2020 / Mirror Review

As the world is reopening with more precautions, industries have begun their work as usual from the offices. Though, the sense of distress in the environment can still be felt. The setback from the outbreak of COVID-19 has engaged us towards the most humanitarian issues of health, safety, and sanitation. However, the idea of a

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Understanding the Characteristics of Successful Entrepreneurs

MR_Magz_Disruptive_Tech_Entrepreneurs_Look_2020_Article_Effective_Characteristics_Oct_2020 / Mirror Review

A business proprietor doesn’t consequently mean being an entrepreneur. If that would have been the scenario, we wouldn’t require a new and complicated term. An entrepreneur is someone who initiates a business, taking on monetary risks in the desire of profit. Agreeing to the economist Joseph Alois Schumpeter, “Entrepreneurs are not fundamentally inspired by profit

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