![]() ![]() ![]() Financial technology firms have blossomed during this period. We’ve seen a revolution in financing, with the pandemic accelerating the digital transformation. Collaboration Between Lenders And Fintech Companies You can expect data to play an increasingly significant role as lenders analyze the multiple data points at their fingertips, including financial performance, customer behavior and market trends. The use of technology is making it easier to collect data that can be valuable information for lenders and investors in assessing risk and making SMB financing decisions. Using these tools, digital platforms can streamline lending, making it easier and more efficient for SMBs to apply for, receive and utilize funding. I believe that AI and machine learning algorithms will continue to help institutions assess creditworthiness and risk, allowing lenders to serve many more clients and freeing up teams to focus on customer service and relationships.Īs a part of this increased reliance on technology, blockchain as a distributed database can help enhance transparency and seamlessness in transactions, making them more secure. In contrast, the Amery Ice Shelf – on the other side of Antarctica and surrounded by much colder waters – gained 1.2 trillion tonnes of ice.Technology, especially artificial intelligence (AI), will remain central to SMB financing in the future. The rest was because of melting from the underside of the ice shelf. ![]() Around a third of this loss – 450 billion tonnes – was due to calving. Similarly, the Pine Island Ice Shelf lost 1.3 trillion tonnes of ice. The rest was due to melting at the base of the ice shelf. ![]() Just 5% of this was caused by calving, where large chunks of ice breakaway from the shelf and fall into the ocean. “The western half is exposed to warm water, which can rapidly erode the ice shelves from below, whereas much of East Antarctica is currently protected by a band of cold water at the coast.”Īntarctica is a vast continent, and the seas on the western side experience different currents and winds compared to the east, and this drives warmer water underneath the ice shelves on the western flank.Īs a result, the Getz Ice Shelf experienced some of the biggest ice losses, where 1.9 trillion tonnes of ice were lost over the 25-year study period. In contrast, most of the ice shelves on the eastern side remained intact or increased in mass.īenjamin Davison, a research fellow at the University of Leeds, said, “There is a mixed picture of ice-shelf deterioration, and this is to do with the ocean temperature and ocean currents around Antarctica. Moreover, the research team found that almost all the ice shelves on the western side of Antarctica experienced ice loss. Apart from the issue of the ice shelves losing mass, this addition of freshwater into the ocean could have implications for ocean circulation patterns. The research team, led by scientists from the University of Leeds, found that 71 of the 162 ice shelves around Antarctica have reduced in volume, releasing almost 67 trillion tonnes of meltwater into the ocean. The Antarctic, therefore, faces a double whammy – as the ice shelves get smaller, the rate of ice lost from the ice sheet increases. These massive floating extensions of the continent's ice sheet play a crucial role in stabilising the region's glaciers by acting as buttresses, slowing the flow of ice into the ocean. The study, funded by ESA’s Earth Observation Science for Society programme and now published in the journal Science Advances, is based on 100,000 satellite radar images to produce a major assessment of the ‘state of the health’ of Antarctica’s ice shelves. ![]()
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