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The New Science

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  • This unparalleled segment growth is changing the way companies organise themselves, creating a ripple effect in industries and universities that are closely tied to these organisations. For instance, historically, most scientific research has been geared to supporting and assisting manufacturing, which was once a dominant force in the world economy. Now that economies are shifting, industrial and academic research facilities need to apply more scientific rigour to the practices of services, such as finding better ways to use mathematical optimisation to increase productivity and efficiency on demand.

    Unfortunately, this shift to focusing on services has created a skills gap, especially in the area of high value services, which requires people who are knowledgeable about business and information technology, as well as the human factors that go into a successful services operation. Many leading universities have begun exploring and investing in this area, working in tandem with thought leaders in the business world.

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