Business
Science on the Seabed with SmartBay
A key infrastructural element to support the maritime sector in Galway has been launched.
The SmartBay Subsea Observatory has begun feeding data from the seabed of Galway Bay to businesses, researchers, scientists and policy makers.
The SmartBay Subsea Observatory, supported by the Marine Institute, Sustainable Energy Authority of Ireland and Science Foundation Ireland, is being used to collect valuable data from the ocean and will be a critical component of a world-class maritime infrastructure in Ireland.
Creating an infrastructure to support the blue economy is critical to the success of Ireland’s integrated marine plan, Harnessing our Ocean Wealth.
Galway SmartBay General Manager John Breslin said: “the SmartBay observatory represents the Internet of Things for the marine. Thanks to the extensive underwater equipment we have installed, real-time data from sensors can be accessed through the web and analysed by researchers and companies trying to commercialise novel marine technologies.
“The information from the subsea observatory will accelerate developments in the marine sector and contribute to environmental monitoring, the development of ocean energy technologies, education and research as well as maritime security. It is a hugely significant addition to Ireland¹s Digital Ocean IoT infrastructure.”
In 2015, the RV Celtic Explorer was used to lay a 4km cable and a frame was installed on the seabed to which sensors and monitoring equipment were attached as part of the development of the ocean observatory. Now for the first time, the cable will supply power to the site and allow for unlimited data transfer from the site for researchers testing new and innovative marine technologies.
“The SmartBay subsea observatory will greatly enhance our understanding of the sea, the impact of weather and climate change, and how the sea reacts in various conditions and how our man-made products will react underwater. The subsea observatory will essentially feed data from the sea floor up to the surface and this information will be vital to accelerate marine research, blue economy businesses and startups,” said Marine Institute CEO Peter Heffernan.
The new President of Local Ireland, the association representing local news publishers around the country, is Head of Irish Times Regionals Dan Linehan.
Mr Linehan takes over the presidency from Declan McGuire of the Connacht Tribune. His appointment was confirmed at the recent Annual General Meeting of Local Ireland at Bloomfield House Hotel near Mullingar, Westmeath.
Mr Linehan, who has served as Vice President of the organisation for the last two years, said: “The coming years are a very important time for local publishers with many important issues to be addressed, including the implementation of the Future of Media Commission recommendations, defamation reform, the role and support for local publishers in public service reporting and helping publishers develop commercial digital offerings.”
Speaking at the AGM, Mr McGuire acknowledged the work done by the Executive in the past two years under the direction of Executive Director, Bob Hughes, on several projects related to the publishing industry but most especially the successful conclusion of the long-running campaign for the abolition of VAT on newspapers.
He also wished Mr Linehan the very best in his new role as President of the association for the next two years.
Mr Hughes thanked Mr McGuire for his leadership and support during his term of office and said he looked forward to working with Mr Linehan on the key policy priorities for the association, including Government supports, Government advertising, fair remuneration for content from the tech platforms and the reform of the legislation for defamation.
Local Ireland members also elected Seán Mahon, Managing Director of the Southern Star, as Vice President for the next two years.
The shortage of affordable housing is the single biggest impediment in attracting and retaining workers in the West, according to business group Ibec.
At a ‘Regional Insights Series’ meeting in the Galmont Hotel in Galway last week, employers were told that capacity constraints and labour supply are the key challenges facing business growth in the region.
Ibec Head of Regional Policy Helen Leahy said: “There must be greater focus by government on enhancing quality of life issues such as housing and infrastructure which are driving labour shortages in the region.
“Ibec’s vision for the West is to realise its potential to become a globally competitive location. An inadequate supply of affordable housing is now the single largest impediment to attracting and retaining talented workers, without whom business investment and expansions are not possible.
“Labour shortages are a real concern for businesses in the region. People decide where to live and work based on quality of life and access to high quality services and amenities. Industry tends to follow talent, and in this regard, the region needs to have all the building blocks in place as the attraction and retention of world-class talent becomes increasingly competitive on a global level,” said Ms Leahy.
Amongst Ibec’s priorities for the West are:
- Addressing housing and infrastructure challenges
- Transitioning towards a new growth model with Net Zero energy powered by Atlantic offshore wind resources
- Adapting businesses to the new economic realities
- Enhancing capacity and skillsets to achieve sustainable development objectives
- Investment in people and skills
- Creating competitive advantage through digitalisation
- Innovation as a key driver of productivity growth
One in five Galway businesses want to go fully cashless, as the move towards card payments and tapping continues unabated post-Covid.
In all, 22% of Galway businesses would like to be fully cashless, according to a survey carried out by BOI Payment Acceptance (BOIPA), a provider of payment technology solutions, which asked Irish businesses about the current payment landscape as well as business confidence and concerns.
Over one-third (36%) of Galway businesses were unaware there is no contactless limit on mobile wallets – just below the national average – while 54% believe the increase in card over cash transactions has helped them run their business.
Six out of ten Galway businesses expect to grow this year despite the cost-of-living crisis and running costs dominating as key concerns; 62% believe their business will grow over the next twelve months despite global economic uncertainty.
Unsurprisingly cost-of-living increases and running costs were the main concerns the majority of businesses had.
For more, read this week’s Connacht Tribune.
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