The 19th-century builders of bridges, skyscrapers, metropolitan railroad stations, and deep-water harbours had no supercomputers, desktops, laptops, or tablets.
Instead, they had armies of draftsmen whose sole function was to produce the blueprints, layouts and elevations that field engineers and construction workers would later transform into a bridge, a tower, or a dam.
The advent of the computer has changed all this. It has become the drawing board, and the designers – be they architects, engineers, or inventors – have acquired new skills and become their own draftsmen.
This transformation has resulted in a new field of engineering called Computer-Aided Design (CAD), turning the computer into a virtual machine shop or workbench where the engineer can iterate between concept and construction until all design specifications are satisfied.
More important than aiding design, CAD facilitates re-design and therefore opens up the creative field and presents engineers with possibilities that were never before possible.
CAD is not just about large-scale structures. It is also about our micro-scale designs, our micro-electronic chips, micro-sensors, and microelectromechanical systems (MEMS).
With CAD, we can use computers to design better computers and microchips to design more complex, faster microchips. CAD doesn’t just help us design structures, it allows us to analyze how they will behave.
While the drafting table and its blueprints are spatial constructs, the computer and its graphics interface are both spatial and temporal. Objects can be visualised in space, and their behavior over time examined.
This latter aspect is what engineers call simulation, and it is crucial in gaining a deeper understanding of the dynamics of the design in responding to external forces or internal changes.
This aspect is particularly important in the simulation of MEMS, which often encompass more than one physical domain, thus making the analysis and verification of their behaviour quite challenging.
While CAD for electronics has just to deal with flows of electrons through electrical components and electronic devices, CAD for MEMS has to also deal with masses, velocities, and accelerations.
It has to deal with both the mechanical domain and the electronic domain. With some of the more complex MEMS sensors, it has also to deal with the fluidic, thermal, and optical domains.
MEMS CAD has to run complex three-dimensional computer simulations, not unlike the simulations that civil engineers conduct for bridges and high-rise buildings or the simulations that aerospace engineers run for aircraft fuselage, wings, and engines.
To help advance MEMS CAD so that it is able to continue to serve as an enabling tool for innovation in engineering and design, the Masdar Institute is focusing the attention of its Institute Centre for Microsystems (iMicro) addressing some of the most important challenges in MEMS design and simulation and on developing student skills and mastery of cutting-edge MEMS CAD tools. The research and training at Masdar Institute are being conducted under its TwinLab framework with Singapore’s A*STAR Institute of Microelectronics. The strength of Masdar Institute’s CAD research is that it closely parallel’s the MEMS devices currently under design within TwinLab, including MEMS for motion sensing, energy harvesting, ultrasound sensing, optical sensing and computer-aided design for MEMS devices.
Through this partnership funded by Mubadala Technology, Globalfoundries and the Singapore Economic Development Board (EDB), Masdar Institute is both acquiring and contributing to the technical expertise required to develop the advanced MEMS CAD tools of tomorrow.
Dr Ibrahim Elfadel is professor of electrical engineering and computer science and head of the Institute Centre for Microsystems (iMicro) at the Masdar Institute. This op-ed is the second in a series of op-eds covering the research work being conducted at the Masdar Institute in the area of MEMS. The first op-ed appeared on October 25, 2014.
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
FIXTURES
Thu Mar 15 – West Indies v Afghanistan, UAE v Scotland
Fri Mar 16 – Ireland v Zimbabwe
Sun Mar 18 – Ireland v Scotland
Mon Mar 19 – West Indies v Zimbabwe
Tue Mar 20 – UAE v Afghanistan
Wed Mar 21 – West Indies v Scotland
Thu Mar 22 – UAE v Zimbabwe
Fri Mar 23 – Ireland v Afghanistan
The top two teams qualify for the World Cup
Classification matches
The top-placed side out of Papua New Guinea, Hong Kong or Nepal will be granted one-day international status. UAE and Scotland have already won ODI status, having qualified for the Super Six.
Thu Mar 15 – Netherlands v Hong Kong, PNG v Nepal
Sat Mar 17 – 7th-8th place playoff, 9th-10th place play-off
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School: Year 8 pupil at Elite English School in Abu Hail, Deira
Role Models: Mark Zuckerberg and Elon Musk
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Hometown: Dubai
City of birth: Thiruvilla, Kerala
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