The Big Bang refers to the radical transformation of the London Stock Exchange (LSE) on 27 October 1986, which included the abolition of fixed commission rates and the separation between jobbers and brokers, facilitating the globalization and modernization of the LSE.
The process of updating or adapting assets, practices, or systems to meet modern needs and preferences, thereby preventing obsolescence.
NextGen represents a transformative modernization of the United States air traffic control system encompassing advanced technologies, methodologies, and collaborative efforts to improve efficiency, safety, and environmental sustainability in aviation.
Refurbishment involves restoring or updating a product, building, or piece of equipment to bring it back into a state of usability and modern relevance, often incorporating upgrades and improvements.
Remodeling involves changing the structure or form of a property, typically more extensive than simple modernization, often with the goal of improving aesthetics, functionality, or increasing property value.
Renovation refers to the process of improving, updating, or restoring physical structures, often classified as capital improvements when they add value or extend the life of the property.
Retrofit refers to the process of adding new technology or features to older buildings and systems to improve their efficiency, particularly in terms of energy usage.
The process of bringing a property up to contemporary standards through the installation of up-to-date equipment, making cosmetic improvements, and removing obsolete facilities.
Reindustrialization is the process of revitalizing a former industrial area through recapitalization and the introduction of new technology. Notable examples include war-torn Germany and Japan after World War II.
In-depth analysis of the Industrial Revolution including its history, benefits, and drawbacks.
