The Value of Digitising Natural History Collections

The Natural History Museum, London has been creating digital data about collections for many years, with a formal Digital Collections Programme since 2014. Efforts to monitor the outcomes and impact of this work have focused on metrics of digital access, such as download events, and on citations of digital specimens as a measure of use. Digitisation projects and resulting research have also been used as impact case studies, highlighting areas such as human health and conservation. In 2021, the Museum decided to explore the economic impacts of collections data in more depth, and commissioned Frontier Economics to undertake modelling, resulting in this report. While the methods in this report are relevant to collections globally, this modelling focuses on benefits to the UK, and is intended to support the Museum’s own digitisation work, as well as a current scoping study funded by the Arts & Humanities Research Council about the case for digitising all UK natural science collections as a research infrastructure. This study focuses on digitisation in the round, not distinguishing between different collection types or levels of data creation at this stage. Three methods have been used: first, analysing five key thematic areas or sectors where data from natural science collections are likely to lead to benefits; secondly, analysing typical returns on investment in scientific research; and thirdly, examining the efficiency savings that can be reinvested in research if data are available freely and openly. Together, these methods confirm benefits in excess of £2 billion over 30 years, representing a seven to ten times return on investment.

Achieving the 4IR University Library in Sub-Saharan Africa: Trends, Opportunities and Challenges

Aim: The paper examined the university library in the Fourth Industrial Revolution (4IR) and the preconditions for achieving and sustaining the same in Nigeria. 4IR is characterized by a level of automation, deployment of emerging technologies and artificial intelligence, internet connectivity and accessibility to the global information network, subscription to reputable online databases, quality and comprehensive collection in diverse formats, preponderance of digital natives among patrons, increased demand for seamless access to online resources and virtual operations, new library spaces (learning commons, research commons and makerspace), open scholarly communication, research data management, social mediation applications, digital curation and preservation. The challenges militating against effective crystallization of 4IR university libraries include: financial constraints, inadequate infrastructure, resistance to change, inadequate skills and competencies, security and intrusion issues, lack of exposure to international standards. Conclusions: The paper recommended the following as requisite panacea: leadership, demonstrating and justifying returns on investment, benchmarking practices, anti-intrusion and back-up systems, adequate power supply and bandwidth, endowment and corporate social responsibility, indigenous library management software, and capacity building initiatives.

Return on investment (ROI) in subscription databases by Nigerian academic libraries: a survey

Aim: There seems to be a dearth of literature on how much Nigerian university libraries are spending on the acquisition of Online Electronic Database (OED). This study sets out to investigate the annual cost of acquiring this important and evolving aspect of library collection with the view of determining whether the returns in terms of utilization is commensurate with the invested fund. Methodology: The study adopts a quantitative research method. A self-developed questionnaire was used to collect data from 55 librarians in 41 academic libraries across Nigeria. The data collected were processed using Statistical Package for the Social Sciences (SPSS) version 20. Findings: Academic libraries in Nigeria spend an average of ₦12,500,000 or $32,637 on OED subscriptions annually. The study has shown that Nigerian academic libraries usually subscribe to the EBSCOhost and Research4Life databases with few adding specialized databases such as Law Pavilion, HeinOnline, Legalpedia, and ScienceDirect. To ensure adequate returns on investment, the libraries are massively providing support infrastructures, user education, and other information services. However, challenges limiting the widespread use of online databases include irregular power supply and slow internet connectivity among others. Conclusions: The study, therefore, concludes that there is a middling to low return on subscribed OED in Nigerian academic libraries. However, there are still various huddles that must be scaled for Nigerian academic libraries to reap adequate returns on their investments in online electronic databases.

The application of the latest territorial components for sustainable mobility in district cities

The paper is focused on the application of new approaches of designs in distric cities like Klatovy. The main part is description of the latest approaches and urban teritorial solution. The emphasis is put on the traffic in city centers, latest trends in parking, implementation of toll or support of all the means, of transport to ensure sustainable mobility including technical trends in traffic. The intention is mainly focused on the implementation of C-ITS, public transport preferences or the introduction of new concepts such as Mobility Hub, which can ensure economic returns on investment and especially sustainable mobility in historic parts of smaller and medium-sized cities.

Do balanced-budget fiscal stimuli of investment increase its economic value?

We examine the timing of a business investment providing valuable external benefits to society. A surge in uncertainty about private returns, a typical feature if not a cause of recessions, delays capital outlays to an extent that may be detrimental to social welfare. Is there an efficiency-improving public policy directed at accelerating investment? By real option analysis, we try answering this question by comparing three fiscal policies: (i) a simple subsidy on investment, (ii) a balanced-budget fiscal stimulus where the subsidy is subsequently covered by profit taxation, and (iii) by taxing external benefits as well. We show that, under a balanced-budget stimulus, investment acceleration may come at the expense of a net economic loss, and the higher is uncertainty on private returns, the higher the likehood of a negative outcome. However, this risk strongly declines when government spending is balanced by taxing both private and public returns on investment.

Grand Strategy and Technological Futures

How do we understand the consequences of technical innovation for grand strategy? We argue that technology has an indirect, but significant impact on how states formulate and implement strategic priorities. This process of updating is dynamic and iterative as grand-strategic change is incremental rather than a wholesale abandonment of the status quo. New capabilities may produce shifts to state cost, benefit, and risk considerations and produce a corresponding adjustment to grand strategy. Technological innovation may also serve as an intermediate end unto itself. State confidence in positive returns on investment in research and development will produce a corresponding emphasis on innovation as a matter of national policy. We evaluate these claims by applying them to three new and emerging technical innovations: precision-guided munitions, robotic autonomy, and computing.

The Impact of Biomedical Engineering on the Development of Minimally Invasive Cardio-Thoracic Surgery

(1) We describe the boundary conditions for minimally invasive cardiac surgery (MICS) with the aim to reduce procedure-related patient injury and discomfort. (2) The analysis of the MICS work process and its demand for improved tools and devices is followed by a description of the relevant sub-specialties of bio-medical engineering: electronics, biomechanics, and materials sciences. (3) Innovations can represent a desired adaptation of an existing work process or a radical redesign of procedure and devices such as in transcutaneous procedures. Focused interaction between engineers, industry, and surgeons is always mandatory (i.e., a therapeutic alliance for addressing ‘unmet patient or professional needs’. (4) Novel techniques in MICS lean heavily on usability and safe and effective use in dedicated hands. Therefore, the use of training and simulation models should enable skills selection, a safe learning curve, and maintenance of proficiency. (5) The critical technical steps and cost–benefit trade-offs during the journey from invention to application will be explained. Business considerations such as time-to-market and returns on investment do shape the cost–benefit room for commercial use of technology. Proof of clinical safety and effectiveness by physicians remains important, but establishing the technical reliability of MICS tools and warranting appropriate surgical skills come first.

Application of agroforestry business models to tropical peatland restoration

Indonesia is home to around 45% of the world’s tropical peatlands which continue to be degraded on a large scale by deforestation, drainage and fire, contributing massively to global GHG emissions. Approaches to restoring the peat–water balance and reducing emissions in peat hydrological units, through managing them based either on full protection or large-scale commercial production, have generally failed to address environmental and local community needs. We present published and unpublished findings pointing to the need for an integrated peatland protection and restoration strategy based first on raising water levels in degraded (drained) peatlands and maintaining them in forested peatlands, thus, reducing GHG emissions. Second, the strategy incorporates ecologically sound agroforestry business models that strengthen livelihoods of smallholders and so sustain their interest in sustainably managing the peatlands. In this paper, we focus on the second element of this strategy in Indonesia. Eight agroforestry business models are proposed based on their merits to attract both smallholders and commercial investors as well as their compatibility with hydrological rehabilitation of the peatlands. While financial returns on investment will vary across sites and countries, our analysis indicates that some models can be profitable over both short and longer time periods with relatively low levels of investment risk.