Opening a Business and Keeping it Open (1)– The value of research

90 total views, no views today

Opening a business is not the same thing as keeping a business open. There are two sides to every successful entrepreneurial activity: establishing a business and sustaining it. These two aspects of the functions of an entrepreneur are distinct and require different strategies, attitudes and orientations to accomplish. In other words, opening a business and keeping it open may sound alike or even tautological but there is a big gulf between the imports of both words. They are two sides of a coin that may look alike but actually have very little in common.

Those who have attempted to set up any kind of business may have discovered that certain steps are critical in the process of founding a company. Every successful start-up begins with somebody desiring to have a place in the driving position of an enterprise – somebody anxious to lead a team, achieve results and leave a legacy. Acquisition of knowledge in the field of business into which the entrepreneur intends to venture is a beginning point. On the other hand, to keep a business open, meaning to keep it running and successful, somebody is desirous to work very hard; usually with deferred gratification. These two activities demand different mindsets and aptitudes.

To open a business requires knowledge of the trade. The ideal take off point is to do some research into that area of business, with an eye on one’s own personality. To research into oneself is to cross check one’s capacity and character to follow through the business. The research is not only into the business but also into the founder. Otherwise, one may start a business only to discover he does not have the staying power or the mental and physical wherewithal to keep the business open. A lot Read More...

IBM Quantum computer program to open in UNILAG, 15 other African universities

90 total views, 3 views today

Nigeria’s University of Lagos (UNILAG) is part of a list of 16 universities across nine African countries to host IBM’s Quantum computer program.

The global technology company IBM kicked off its quantum computing expansion project in University of the Witwatersrand (Wits University), South Africa on Wednesday, with a promise to extend the program to other African universities.

To be sure, a quantum computer is a product of a branch of science known as quantum mechanics. Quantum computing however is a branch of science that focuses on developing computer technology based on the principles of quantum theory, which explains the nature and behaviour of energy and matter on the quantum (atomic and subatomic) level.

Quantum machines are a long-held dream in the tech world. It is believed that by tapping properties that extend beyond the limits of classical Newtonian physics, they hold the promise of exponential gains in computing power. Tech companies such as IBM, Microsoft and Rigetti Computing have asserted that the first real benefits from quantum computing could be seen within 5 to 10 years.

The IBM Q (Quantum) was launched in January 2019. In line with its dreams of being the pacesetter in the technology, the company described its innovation as the “world’s first integrated universal approximate quantum computing designed for scientific and commercial use.”

The IBM Q Network is a community of Fortune 500 companies, startups, academic institutions and research labs working with IBM to advance quantum computing and explore practical applications for business and science.

According to the company, IBM Q systems are designed to one day tackle problems that are currently seen as too complex and exponential in nature for classical systems to handle.

“Future applications of quantum computing may include finding new ways to model financial data and isolating … Read More...