04292017Sat
Last updateFri, 28 Apr 2017 4pm

i

The Weekly Report

New Products

  • ja-news-2
  • ja-news-3

Industry Headlines

U.S. Economy Grew 0.7% in the First Quarter of 2017

Friday, 28 April 2017  |  Chris Guy

Real GDP in the U.S. fell short of expectations, increasing at an annual rate of 0.7% in the first quarter of 2017; this according to the advance esti...

Readmore

Loading...
Advertisement
i

Industry Headlines

Mueller Water Products Reports 2017 Second Quarter Results

22 HOURS AGO

For its fiscal second quarter ended March 31, 2017, Mueller Water Products’ net sales were up 1.3% to $199.7 million and net income was $73.3 million, or $0.45 per diluted share. Operating income from continuing operations was $10.9 million. The quarter's results included $68.6 million of income...

Readmore

Weir Group Reports First Quarter 2017 Results

22 HOURS AGO

The Weir Group's first quarter input was 15% higher than the prior year period with good sequential growth primarily driven by increased activity levels in North American Oil & Gas and strong aftermarket orders in Minerals. Group-wide aftermarket orders were 21% higher than the prior year period w...

Readmore

Permian Basin Oil Production Continues to Increase

1 DAY AGO

Crude oil production in the Permian Basin is expected to increase to an estimated 2.4 million barrels per day in May, based on estimates from the U.S. Energy Information Administration . Between January 2016 and March 2017, oil production in the Permian Basin increased in all but three months, even as...

Readmore

East Coast Refiners Eye Texas as Alternative to North Dakota

2 DAYS AGO

“Major U.S. East Coast refiners profited from railing hundreds of thousands of barrels of discounted Bakken crude to their plants daily from 2013 until 2015. But as more and more pipelines were built in North Dakota, the discount began to disappear, and so did the rail cars,” Reuters repor...

Readmore

U.S. Economy Grew 0.7% in the First Quarter of 2017

20 HOURS AGO

Real GDP in the U.S. fell short of expectations, increasing at an annual rate of 0.7% in the first quarter of 2017; this according to the advance estimate just released by the U.S. Department of Commerce. The 0.7% figure, down from 2.1% in the fourth quarter and 3.5% in the second half of 2016, and is...

Readmore

Survey Shows Small Business Confidence Increasing

1 DAY AGO

The second annual Allstate/ Small Business Barometer finds increasing optimism and innovation among small business owners, despite the rising cost of doing business. Nine in 10 local entrepreneurs say the benefits of owning a business outweigh the challenges. This year’s Barometer found that, ...

Readmore

Solving the Problems in Front of You

vmsum11_social_media

Engineers are problem solvers and today, they have some pretty amazing tools to help them with that problem solving. Here’s an example from a recent trip.

I went to a station to refill a rental car with gas before returning it to the agency. As usual, I guessed the wrong side for the gas tank and had to circle around to put the car at the right angle to pump the gas. I couldn’t figure out where the latch to open the gas cap was located, and there was no owner’s manual in the glove box to help.

On my smart phone, I did a quick Google search by voice command using the car make, model and “gas tank door latch” as keywords. The results were an online forum with my answer: the door was latched magnetically and required a gentle push to open. This simple voice search saved me 5 to 10 minutes of hunting around for a non-existent latch and a lot of frustration.

These searches from our PCs, phones, tablets and other devices help us solve problems quickly and painlessly every day. Google and the other search engines, along with the right selection and number of keywords, often help us get an answer to a problem in front of us. Although it’s not foolproof, most times, these methods of finding what we need work great.


IN THE INBOX

For businesses, an important issue today with searching is that a lot of wisdom is trapped in email inboxes and “sent items” folders. Desktop indexing and search software such as the search built into PC operating systems or desktop search applications can find some information. But such tools don’t help us with the information that hasn’t reached our inboxes.

Different approaches ranging from content management systems to blogs, wikis, online collaboration and community software are being tried as search destinations with varying degrees of success. The key element to that success seems to be the number of people willing to participate in each approach and the community that naturally forms from this participation.

Metcalfe’s Law states that: “The value of a telecommunications network is proportional to the square of the number of connected users of the system (n2).” Robert Metcalfe, who is responsible for that principle, also offered this:

…a more insightful and, I think, important contribution to the conversation — that to understand the value of a social network we need to consider not just the number of users but also the affinity between the members of the network.

My take on this is that the fastest path to the information you need is to solve the problem in front of you. If a Google search or question posed to your immediate colleague does not yield a quick answer, you should try your social network. That is, provided you’ve built this network to sufficient size to realize the exponential effects described by Metcalfe’s Law.

  • Latest Post

  • Popular

  • Links

  • Events

Advertisement

Looking for a career in the Valve Industry?

ValveCareers Horiz

To learn more, watch the videos below or visit ValveCareers.com a special initiative of the Valve Manufacturers Association