The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGlaxosmithkline Share News (GSK)

Share Price Information for Glaxosmithkline (GSK)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,653.00
Bid: 1,654.00
Ask: 1,654.50
Change: 12.50 (0.76%)
Spread: 0.50 (0.03%)
Open: 1,638.50
High: 1,655.50
Low: 1,634.00
Prev. Close: 1,640.50
GSK Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Laps to laptops: Formula One sells its big data know-how

Thu, 24th Oct 2013 20:57

By Jeremy Wagstaff

SINGAPORE, Oct 25 (Reuters) - Wander around the pits at aFormula One car race and you're as likely to bump into alaptop-wielding scientist or engineer as a mechanic with aspanner.

And the lessons they are drawing from sensors on F1 tracks,cars and drivers are finding their way into a surprising rangeof industries - from drilling oil wells to making toothpaste.

"By chance or whatever we've ended up that F1 is a verystrong metaphor for how the world is developing around a moreindustrialised Internet," says Peter van Manen, managingdirector of McLaren Electronic Systems, part of a group whichmakes F1 cars. "You take information and you measure things, andfrom that you try to adapt how things behave and flow, so youcan make performance better."

Formula One racing, born after World War II, has longembraced rapid innovation. It can take seven years to get anordinary car from the drawing board to the showroom: An F1 carmay take just five months ... and have new components added toit each race weekend.

"There are very few industries which have a similar abilityto evolve at such pace and bring components or products tomarket at such speed," says Gerard Spensley, AT&T's globalaccounts director for F1.

But in recent years safety concerns and fears it wouldbankrupt itself have forced the sport to adopt tighterregulations, reducing speeds and spending. This has shiftedemphasis from hardware upgrades to real-time tweaks inefficiency and tactics to prise an extra millisecond or two fromcar and driver.

To do that, teams capture gigabytes of data from more than100 sensors on each F1 car, transmitting it back to the pit ordirect to their UK headquarters over high-speed cables. Onceengineers have analysed the data they feed advice back to thedriver - often within minutes or even seconds.

At last year's Brazilian Grand Prix, for example, theInfiniti Red Bull Racing team's UK factory used AT&T's highbandwidth link to assess the impact of an early collision ondriver Sebastian Vettel's car in time to send instructions totrackside engineers ahead of the first pit stop. That gave themtime, AT&T's Spensley said, to make alterations that helpedreduce the risk of further damage to the car. Vettel finishedsixth, retaining his title.

It's this pressure-cooker data analytics which some F1companies say offers an edge not only to racing motor cars butto other industries grappling with big data. The appeal lies inhow F1 teams tackle grabbing information on the fly, figuringout what's important and then converting that quickly into astrategy.

COMPLEXITY

Leading the charge is McLaren, a racing car company foundedin 1963 and now half-owned by Bahrain Mumtalakat Holding Co. Itsapplied technologies unit last month set up its Asianheadquarters in Singapore.

McLaren, for example, has used its experience grabbing datafrom fast moving cars to help build a network of antennae,sensors and masts for San Francisco's Bay Area Rapid Transit(BART). The network is used to collect video surveillance of thecarriages, monitor usage and provide passengers with WiFi.

This is not, says McLaren's van Manen, as easy as it sounds.Data bounces off walls, arrives in the wrong order or drops outentirely. "The complexity is in the detail of dealing with boththe high volume of data and the imperfections in the world."

McLaren is now working on similar projects in Europe.

To be sure, F1 is a small industry and McLaren is beingdriven in part by circumstance to seek new markets. In 2012 thegroup made a pre-tax loss of 2.5 million pounds ($4.05 million).The global market for big data is expected to be worth $23.7billion by 2016, most of it driven by big players such as IBM, Cisco Systems Inc and EMC Corp,forecasts Credit Suisse.

BRAND APPEAL

Not all in the industry are convinced there's much mileagein exporting its expertise.

"There is relevance but our analysis of the marketplace isthat we're far better concentrating very strongly on automotiveand other forms of motor sports," says Paul Newsome of WilliamsF1, whose hybrid engine technology is being tested on buses.

And even those who partner with F1 acknowledge that part ofits appeal is the brand. Paul Marriott of SAP, whosereal-time data analytics product HANA is being road-tested byMcLaren, says the company also benefits from the glamorousassociation with F1. A McLaren car sits in the company'sSingapore office.

But the partnerships run deeper. McLaren is working withU.S.-based IO Data Centers LLC to make data centers moreefficient by modelling likely demand.

"Every plane and car is now driven by software, constantlyadjusting every variable. Taking that thinking and applying itto the data center - where every input is constantly monitoredand controlled - was how the partnership was spun with McLaren,"IO's chief innovation officer Kevin Malik said in an interviewat the company's new Singapore data center.

The way McLaren uses predictive analytics to figure out thebest time to call a racing car in for a pit-stop is helpingBritain's airport controllers anticipate which planes shouldland on what runway. The software is currently being deployed atLondon's Heathrow Airport, according to McLaren.

McLaren is also working with an oil and gas company tofigure out the optimal path to drill through a honeycomb ofwells 10 miles underground. The solution, says McLaren's GeoffMcGrath, is a strategy straight out of racing: measure thecondition of the car, mine the models using historical data andthen advise a course of action - which will change all the timeas new events occur.

MANUFACTURING PIT STOPS

No action is too mundane for F1 to capture and analyse.Teams of mechanics practice changing wheels and tyres dozens oftimes a day, each session captured by video monitors and thenstudied for lessons.

This caught the eye of GlaxoSmithKline Plc, whichasked McLaren to help reduce the time spent switching itstoothpaste production lines. By standardizing materials, makingthe machines easier to handle and reviewing teams' performanceafter every batch, they cut the changeovers from 39 minutes to15.

"Changeovers in the manufacturing world are very like pitstops in an F1 team," says GSK's global manufacturing and supplychief, Roger Connor.

That said, the success of F1 teams in marketing theirexpertise to other industries may have less to do with theircutting edge innovation, than with their high profile work.

"It isn't so much the technology and methods that aredriving, but that these cases are so interesting that people arestarting to pay attention to things like sensors in thevehicle," says Craig Stires, a Singapore-based analyst with IDC."It creates that interest that radiates into other industries."

Whatever the reason, F1's innovation is causing ripples.Providing high-speed connectivity to F1, for example, has helpedcompanies like AT&T and Tata Communications theirservices overall.

Normally, setting up a network for a client would take 10weeks, Tata Communications chief marketing officer JulieWoods-Moss. F1 needs to have it done in three days. "So there'sbeen huge process innovations in the company that now we'restarting to see feeding to mainstream customers."

More News
25 Apr 2024 15:53

GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology

April 25 (Reuters) - GlaxoSmithKline sued Pfizer and BioNTech in Delaware federal court on Thursday, accusing them of infringing GSK patents related to messenger RNA (mRNA) technology in the companies' blockbuster COVID-19 vaccines.

Read more
24 Apr 2024 14:19

UK earnings, trading statements calendar - next 7 days

Thursday 25 April 
Aquila European Renewables PLCFull Year Results
Argo Blockchain PLCFull Year Results
AstraZeneca PLCQ1 Results
Barclays PLCQ1 Results
Checkit PLCFull Year Results
Coca-Cola Europacific Partners PLCTrading Statement
Destiny Pharma PLCFull Year Results
Dillistone Group PLCFull Year Results
Focusrite PLCHalf Year Results
Gem Diamonds LtdTrading Statement
Hikma Pharmaceuticals PLCTrading Statement
Hummingbird Resources PLCTrading Statement
Ibstock PLCTrading Statement
Inchcape PLCTrading Statement
J Sainsbury PLCFull Year Results
London Stock Exchange Group PLCQ1 Results
Persimmon PLCTrading Statement
Pinewood Technologies Group PLCFull Year Results
PPHE Hotel Group LtdTrading Statement
PureTech Health PLCFull Year Results
Relx PLCTrading Statement
Renewi PLCTrading Statement
Schroders PLCQ1 Results
Skillcast Group PLCFull Year Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
Unilever PLCQ1 Results
WAG Payment Solutions PLCTrading Statement
Weir Group PLCTrading Statement
WH Smith PLCHalf Year Results
WPP PLCTrading Statement
Zinc Media Group PLCFull Year Results
Friday 26 April 
Facilities by ADF PLCFull Year Results
Kingspan Group PLCTrading Statement
Loungers PLCTrading Statement
NatWest Group PLC Q1 Results
Pearson PLCTrading Statement
Record PLCTrading Statement
Smurfit Kappa Group PLCTrading Statement
Taylor Maritime Investments LtdTrading Statement
Monday 29 April 
Beazley PLCTrading Statement
Biome Technologies PLCFull Year Results
Christie Group PLCFull Year Results
Gresham House Energy Storage Fund PLCFull Year Results
Gresham Technologies PLCFull Year Results
Jadestone Energy PLCFull Year Results
Oxford BioMedica PLCFull Year Results
SpaceandPeople PLCFull Year Results
Tuesday 30 April 
Avacta Group PLCFull Year Results
Card Factory PLCFull Year Results
Capital & Regional PLCFull Year Results
Close Brothers Group PLCTrading Statement
Coca-Cola HBC AGTrading Statement
Elementis PLCTrading Statement
essensys PLCHalf Year Results
Fadel Partners IncFull Year Results
Glencore PLCTrading Statement
Hargreaves Lansdown PLC Trading Statement
Howden Joinery PLCTrading Statement
HSBC Holdings PLCQ1 Results
Kelso Group PLCFull Year Results
Northcoders Group PLCFull Year Results
Phoenix Spree Deutschland LtdFull Year Results
RBG Holdings PLCFull Year Results
Rotork PLCTrading Statement
Safestore Holdings PLCHalf Year Results
Shield Therapeutics PLCFull Year Results
St James's Place PLCTrading Statement
Strip Tinning Holdings PLCFull Year Results
Whitbread PLCFull Year Results
Wednesday 1 May 
Computacenter PLCTrading Statement
GSK PLCQ1 Results
Haleon PLCTrading Statement
HSS Hire Group PLCFull Year Results
Intelligent Ultrasound Group PLCFull Year Results
Maintel Holdings PLCFull Year Results
Next PLCTrading Statement
Smith & Nephew PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
24 Apr 2024 09:21

GSK's endometrial cancer drug receives FDA approval

(Sharecast News) - Drugmaker GSK said on Wednesday that the US Food and Drug Administration has accepted a supplemental Biologics License Application for Jemperli, its drug aimed at treating endometrial cancer.

Read more
24 Apr 2024 09:14

GSK's Jemperli with chemotherapy accepted for priority review by FDA

(Alliance News) - GSK PLC on Wednesday said that the US Food & Drug Administration has accepted a supplemental biologics licence application for Jemperli, when used in combination with chemotherapy.

Read more
17 Apr 2024 08:46

TOP NEWS: GSK hails data on Shingles vaccine and gonorrhoea treatment

(Alliance News) - GSK PLC on Wednesday reported new test data for its shingles vaccine and for a potential new oral treatment for a form of gonorrhoea.

Read more
17 Apr 2024 07:11

GSK posts promising results from gonorrhoea treatment trial

(Sharecast News) - GSK unveiled encouraging outcomes from a pivotal phase three trial on Wednesday, on the potential of gepotidacin as an oral treatment for uncomplicated urogenital gonorrhoea (GC), amid escalating resistance to current therapies.

Read more
16 Apr 2024 09:17

GSK meningococcal vaccine accepted by US FDA for review

(Sharecast News) - GSK announced on Tuesday that its five-in-one meningococcal ABCWY (MenABCWY) vaccine candidate had been accepted for regulatory review by the US Food and Drug Administration (FDA).

Read more
16 Apr 2024 08:59

GSK's latest meningitis vaccine accepted for review by US regulator

(Alliance News) - GSK PLC on Tuesday said it has made progress in the development of its newest candidate, which combines the strengths of two other vaccines in its portfolio into one bacteria-fighting inoculation.

Read more
11 Apr 2024 18:51

AstraZeneca CEO could earn 19 million pounds as pay measure clears opposition

Policy approved with two-third of votes in favour

*

Read more
9 Apr 2024 11:45

Pfizer RSV shot meets goals in trial of high-risk adults under age 60

April 9 (Reuters) - Pfizer said on Tuesday its respiratory syncytial virus (RSV) vaccine Abrysvo was well tolerated and generated an immune response in higher risk adults under the age of 60 similar to that in older adults, for whom the shot is already approved.

Read more
8 Apr 2024 09:13

LONDON BROKER RATINGS: Wizz Air raised; HSBC cuts Rentokil to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
4 Apr 2024 13:08

UK dividends calendar - next 7 days

Friday 5 April 
BBGI Global Infrastructure SAdividend payment date
Molten Ventures PLCdividend payment date
Pennon Group PLCdividend payment date
Real Estate Credit Investments Ltddividend payment date
Regional REIT Ltddividend payment date
Rights & Issues Investment Trust PLCdividend payment date
Sylvania Platinum Ltddividend payment date
Titon Holdings PLCdividend payment date
Triple Point Energy Transition PLCdividend payment date
Monday 8 April 
Alumasc Group PLCdividend payment date
LondonMetric Property PLCdividend payment date
Redrow PLCdividend payment date
Tuesday 9 April 
CT Global Managed Portfolio Trust PLCdividend payment date
Downing Strategic Micro-Cap Investment Trust PLCdividend payment date
Dunelm Group PLCspecial dividend payment date
Hays PLCdividend payment date
Renishaw PLCdividend payment date
Safestore Holdings PLCdividend payment date
Wednesday 10 April 
Assura PLCdividend payment date
Primorus Investments PLCspecial dividend payment date
Wilmington PLCdividend payment date
Thursday 11 April 
Amedeo Air Four Plus Ltdex-dividend payment date
Athelney Trust PLCdividend payment date
Aviva PLCex-dividend payment date
Balanced Commercial Property Trust Ltdex-dividend payment date
Barratt Developments PLCex-dividend payment date
Begbies Traynor Group PLCex-dividend payment date
Bioventix PLCex-dividend payment date
Blackfinch Spring VCT PLCex-dividend payment date
BlackRock Latin American Investment Trust PLCex-dividend payment date
Caledonia Mining Corpex-dividend payment date
Capital & Regional PLCex-dividend payment date
Chesnara PLCex-dividend payment date
Colefax Group PLCdividend payment date
CT Private Equity Trust PLCex-dividend payment date
Downing Strategic Micro-Cap Investements Trust PLCex-dividend payment date
Driver Group PLCdividend payment date
F&C Investment Trust PLCex-dividend payment date
Foxtons Group PLCex-dividend payment date
Grafton Group PLCex-dividend payment date
GSK PLCdividend payment date
Harbour Energy PLCex-dividend payment date
Hargreaves Services PLCdividend payment date
Howden Joinery Group PLCex-dividend payment date
Hunting PLCex-dividend payment date
i3 Energy PLCex-dividend payment date
International Personal Finance PLCex-dividend payment date
International Public Partnerships Ltdex-dividend payment date
ITV PLCex-dividend payment date
Johnson Service Group PLCex-dividend payment date
JPMorgan Asia Growth & Income PLCex-dividend payment date
JPMorgan Japan Small Cap Growth & Income PLCex-dividend payment date
Just Group PLCex-dividend payment date
Kenmare Resources PLCex-dividend payment date
Kerry Group PLCex-dividend payment date
Kings Arms Yard VCT PLCex-dividend payment date
Law Debenture Corp PLCdividend payment date
Lloyds Banking Group PLCex-dividend payment date
Lowland Investment Cos PLCex-dividend payment date
Luceco PLCex-dividend payment date
Man Group PLCex-dividend payment date
Manchester & London Investement Trust PLCex-dividend payment date
Marble Point Loan Financing Ltdex-dividend payment date
Mercantile Investment Trust PLCex-dividend payment date
Mobius Investment Trust PLCex-dividend payment date
MTI Wireless Edge Ltddividend payment date
North American Income Trust PLCex-dividend payment date
Northamber PLCex-dividend payment date
Octopus Apollo VCT PLCex-dividend payment date
Phoenix Group Holdings PLCex-dividend payment date
Reckitt Benckiser Group PLCex-dividend payment date
Ricardo PLCdividend payment date
Savills PLCex-dividend payment date
Schroder Asian Total Return Investment Cos PLCex-dividend payment date
Schroder European Real Estate Investment Trust PLCex-dividend payment date
Scottish American Investment Cos PLCdividend payment date
Smurfit Kappa Group PLCex-dividend payment date
Softcat PLCex-dividend payment date
Somero Enterprises Incex-dividend payment date
Supermarket Income REIT PLCex-dividend payment date
Synectics PLCex-dividend payment date
TP ICAP Group PLCex-dividend payment date
Trifast PLCdividend payment date
TT Electronics PLCex-dividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
4 Apr 2024 00:03

Sanofi to settle 4,000 Zantac cancer lawsuits in US state courts

NEW YORK, April 3 (Reuters) - Sanofi has reached an agreement in principle to settle 4,000 U.S. lawsuits linking the discontinued heartburn drug Zantac to cancer, the company said on Wednesday.

Read more
3 Apr 2024 22:01

Biden, Senator Bernie Sanders push companies to cut cost of asthma inhalers, prescription drugs

WASHINGTON, April 3 (Reuters) - President Joe Biden hosted a White House event with U.S. Senator Bernie Sanders on Wednesday to tout their fight against high prescription drug prices and push companies to cut the cost of inhalers for asthma sufferers.

Read more
3 Apr 2024 21:37

What to know about bird flu in dairy cows and the risk to humans

CHICAGO, April 3 (Reuters) - Texas officials reported on Monday that a farm worker tested positive for H5N1, or bird flu, that has spread to dairy cows in Texas, Kansas, New Mexico, Michigan and Idaho - the first time the virus has infected cattle.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.