Stagnant commodity prices and technology

TECHNOLOGY

By MICHAEL JOHN UGLO
THIS is a good time to expound on an impending loss in financial assets owing to PNG’s dubious future because preparatory work in technology is not addressed to advance and modernise.
The cascading impact across all financial institutions awaits a corrective approach because there is no redundant parity or checksum to do a software structuring and expansion to effect a synthesis. There is no institution of exchange as illuminated so this demands action now to innovate.
Let us commence with the second most important resource we have right behind our natural resources and that is time. Time is an independent variable, a resource that carries a value in the partial differential equation with its finite elements as in quadrature technique in the operation processes. The dimension of time in PNG’s economy and its future will be realised after all our valuable natural resources are gone and when we cannot rewind the clock. That is the moment we will realise that time was paramount and integral.

A resemblance is made of a satellite link which communicates at the radius of a radar signal to all communication sets at a particular frequency of a pass band or an optical fibre communication by way of a laser beam as can be correspondingly contrasted with efficiencies in the economy.
All economic parameters in fiscal and monetary structures have to be linked and interfaced as translations done through system electronic instrumentations. That will be an expert learning system for corrective action if any mismanagement or a misalignment occurs. Hence, it is concurrent learning by discovery and in so wastages and embezzlements worth billions of kina which affect development in PNG can be contained.
For correcting any system failure in the economy stemming from the above modes of transmission the procedures and subroutines, artificial and or machine language in machine assembly as corrective actions are the panacea for our miscalculated decisions and undertakings.
Data and its strings of elements together with the relationships expressed in functions in the economy avail a traversal in technology and a milestone innovation when embracing commercial breakthroughs like the Shannon Communication Model factoring all noise perturbations in comparison with the errors prevalent in PNG’s economy. This will amount to a precise mechanism meriting integrity to guide all development agendas in PNG.
Moreover, the adoption of the English language and our other 800-plus languages, compounded with cultures, is are a rich diversity for tapping into a formalised language with a knowledge-based system to derive a workable and vibrant economy determined by a regular grammar for automation.
That is, all economic activities scheduled to operate in PNG will meet targets and tangible progresses will be experienced. This is machine intelligence as correctly acclaimed as artificial intelligence, is also applicable to a uniquely PNG economy. This can be the basis to build a system that is more formalised and can be reasoned with inconsistencies to absorb shocks from all forms of economic and financial calamities and impediments.
These virtues in technology are at our disposal and at a click of a button to use to avert a major fatal blow to our economy as nation state, if we have one, now and into the future.
This at the least encompasses the semantics of how to synthesise a resilient and functioning system that exudes from a syntax and as fostered by a lexical analyser for a programming language that fosters creativity and innovation to quell and tranquilise a nearing acrimony.
When taking stock of our economic sectors, it is likened to a synthesis from an architectural perspective as in a top-down parsing to the relations expressed in functions and to further out degrees of a level of a tree to a leaf node will form that particular computer programming language for the asset structure the nation has to build in order to avoid a major disaster of a financial crisis so our earning capacity is not compromised but working progressively towards attaining a top earning space at the world market. This is a further reduction of our technology discussions into the dynamics and statics of the lowest levels which are the issues of both what to get and on how to get it respectively.

Correcting rising inequality with technology
The Gini coefficient numbering from one (1) to (100) in economics can always be a resemblance of not considering technology advice to better improve our financial income status in the current technology age.
The above coefficient speaks volumes of how disparate we are in PNG and rightly depicts the true picture when a few minority’s fortnightly or monthly income is astronomical and most PNG citizen income amounts to the virtually minimal value possible or at the direst possible state of a delimitation progressing from the infinity of the starting point in negative values and ascending towards the minimum demarcation of the poverty line.

The mechanism we have as a therapy to this malignant scenario is the logic array built from a binary alignment of an automating structure. A self-correcting with learning by discovery and learning from experience are some of the very fine tools available to construct a system that can turn out to be lucrative by all measure and standards. The vindication for this would be the atomic nature of the construct that will attain an atomic scaffold that can withstand the test of time all the way to facilitate earning top income for PNG.
A top earning capacity advanced through technology will promote so many people’s income and they will be paid and promoted according to their performances and none of what is happening today such as biased and subjective hire fires, clandestine promotions and demotions, unwarranted dismissals, forced resignations and the list goes on. Thus, the problem of inequality will be taken by its horns and addressed here and then. It will pave way for our advanced capacity to bring in more money to impact people’s affluence.

Unmanaged structural changes and technology
Moving from a primary to secondary and to a tertiary stage of production is our ultimate aim. Seemingly, we are tied to primary and attempting to transit to the secondary and the tertiary stages given lack of creativity and innovative ideas to prosper.
A central processor of microcomputers and mainframe parlances that do without input and output devices and without network connections contains the vital ideas and knowledge that everyone particularly the decision makers and politicians need to study and learn from. When a word is being said in a sentence, that is converted into an electric signal that has gone through a process as allowed for as in a hexagonal and octal form into a binary resemblance. That is by nature a truth in itself as we know in mathematics that when you speak with facts and figures you are telling the truth because numbers do not lie.
Employing this fundamental structure to transmit and receive together with storing all information will take us so many steps a head and we will be progressing from primary production stages to transit from secondary to tertiary production levels.

Decreasing commodity returns needing technology
When not innovating and creating using technology, we are awaiting a cascading effect of a decline for the demand for our commodities with the exception of the natural non-renewable resources which are currently bringing in huge money. Be mindful that these non-renewable resources are dwindling in economic supply.
The reason being that virtually all our products are not technologically advanced. Therefore, how dare one may think that there are not so many countries and places out there who are not competing with their commodities like ours. We will suffer our final lethal blow when the technology tide hits us to leave us to sink to the bottom of the bedrock. It is time to switch to technology now to build our economy to bring windfall monies into PNG.
You will realise the value of time when the last load of mineral ore is made for smelting, the last load of LNG shipment is made out of PNG and the last remaining tree is cut for export to that you have no advanced finance generating structure to make money for PNG and all the people have to go back to subsistence agriculture for daily sustenance and we have to unashamedly wait on Australian aid or other help to maintain our modern infrastructures.
Next Week: Creation of new sectors and economic activities is necessary for long term economic development.

• The author teaches avionics, auto-piloting and aircraft engineering in Port Moresby.