Annotation information output by SeqAnt 2.0
\r\n\tWithin this scenario, special attention needs to be devoted to financial implications, due to their pervasiveness. Nobody would question the key role that finance plays to complement the real sphere of the economy and that has increasingly attracted both academics and practitioners. As a result, traditional pillars – such as financial markets, products, and institutions – have evolved significantly, with financial innovation fueling further progress over time. The global side of the coin features – among others – financially connected markets, international financial exchanges, and financial conglomerates that provide valuable opportunities in terms of international corporate finance. On the other side, recent advances have involved a wider recourse to ESG factors, allowed forward steps towards a more inclusive financial system, and have made digital finance a must, rather than an option, even though much remains to be accomplished, for instance, to facilitate access to formal financial channels in many underdeveloped regions.
\r\n\r\n\t
\r\n\tThis book aims to examine emerging trends, new perspectives, and empirical applications that deal with globalization and sustainability. The goal is to provide a comprehensive overview of these important concepts as valuable support to successfully meet the challenges and take on the opportunities ahead. At the same time, drawing upon empirical evidence can contribute to bridging the gap between theory and practice, which also fits within the scope of this book.
The discovery of genome-wide genetic variation was central to the field of genomics [1,2]. Now, recent advances in second-generation sequencing technologies and better methods of targeted enrichment mean the detection of genome-wide patterns of genetic variation will soon be a routine operation [3,4]. Yet these advances in DNA sequencing have revealed a new bottleneck: the functional classification and interpretation of newly discovered genetic variation.
The scale of this problem is enormous. The high throughput and low cost of second-generation sequencing platforms now allow geneticists to routinely perform single experiments that identify tens of thousands to millions of variant sites in a single individual, but the methods that exist to annotate these variant sites using information from publicly available databases are too slow to be useful for the large sequencing datasets being generated. Because sequence annotation of variant sites is required before functional characterization can proceed, the lack of a high-throughput pipeline to annotate variant sites efficiently can be a major bottleneck in genetics research and clinical applications of genomics technologies.
To address this problem, we developed the Sequence Annotator (SeqAnt, http://seqant.genetics.emory.edu/), an open source web service and software package that rapidly annotates DNA sequence variants and identifies recessive or compound heterozygous loci in human, mouse, fly, and worm genome sequencing experiments [5]. Variants are characterized with respect to their functional type, frequency, and evolutionary conservation. Annotated variants can be viewed on a web browser, downloaded in a tab-delimited text file, or directly uploaded in a Browser Extensible Document (BED) format to the UCSC Genome Browser. To demonstrate the speed of SeqAnt, we annotated a series of publicly available datasets that ranged in size from 37 to 3,439,107 variant sites; the total time to annotate these data completely ranged from 0.17 seconds to 28 minutes 49.8 seconds.
Genome databases accessible via web browsers are very useful in the search for annotation information for DNA sequences. The UCSCGenome Browser web application has been a huge development of great value in analyzing and characterizing sequence information [6]. The application includes a variety of genomic tracks, assemblies, and browsers with genetic information from a host of species. The UCSC Genome Browser, with its various functionalities and annotation options, offers a one-stop shop for researchers, who can work directly on the web application by uploading their data, or they can download source codes of interest from the UCSC Genome Browser and run those locally. Despite its power, however, the main limitation we see in using the UCSC browser for sequence annotation lies in the limited amount of data that can be accessed at a given time, along with the need for human intervention. For example, it is time-consuming for geneticists who want annotation across multiple variant sites at once over different functional classes to use the browser comfortably. Ensembl is yet another superb broad-based web application with an expansive database, offering researchers choices on extracting specific regions of interest and annotating particular regions in the genome [7]. This application has various functionalities and tools that can accept uploaded data, convert formats of documents, and search for sequences of interest; still, like the UCSC browser, it is not the best choice for performing high-throughput sequencing annotation.
SNPnexus is a genetic variation tool developed to help determine functionally relevant SNPs for a given genomic region [8]. It has a user-friendly web interface that accepts inputs in the form of genomic positions, dbSNP id, or chromosomal region. The application database includes two different human genome assemblies: the hg19 and hg18 builds. SNPnexus generates calls on genomic mapping of variant sites, protein function consequences of such variants in the genome, the regulatory elements conserved within the region, and the conservation score of the variant site. The application also provides the genotype and allele frequencies estimation for known SNPs using data from the HapMap Project. This annotation tool, like so many others, is very useful for human variant annotation; however, it does not characterize variants in other species.
Since the development of SeqAnt in 2010, other software tools have come along to perform sequence annotation. Segtor is a tool designed to annotate large sets of genomic coordinates, intervals, single nucleotide variants (SNVs), indels, and translocations [9]. A more recent and very closely related annotation tool is AnnTools [10]. This is an open source web application that accepts user Inputs and queries their database for a full spectrum of variant site annotation, including single nucleotide variants, insertions and deletions, structural variants, and copy number variants. The application has a minimal memory footprint and likewise annotates variants quite rapidly. Nevertheless, AnnTools is restricted to human genome variant annotations and in this sense differs from SeqAnt, which annotates other species besides humans. There are also a number of other variant site annotation tools available either as downloadable command line applications or user interface web applications; these include snpEff (http://snpeff.sourceforge.net), MU2A[11], and Snat [12].
The uniqueness of SeqAnt versus all the other annotation tools we mentioned lies in three factors, which had been the key considerations for developing this technology to begin with. First, SeqAnt delivers annotations for multiple different species, ranging from primates to mammals, and now zebrafish and nematodes. Second, the web application has its own database updated from the UCSC website, which is a collection of binary files that drive the record speed with which large genomic data are annotated. Third, in addition to speed, the memory footprint is quite minimal, as data stored in binary files enable individuals from the public to download both the source file and database and locally run the application without elaborate computing apparatus. Some of the other tools mentioned have one or two of these unique features, but none have the robustness that comes from combining all three approaches to efficiently annotate variants and make meaningful functional calls across species, like SeqAnt does. Overall, we believe these represent important changes to SeqAnt that will be of broad utility to researchers using next-generation sequencing platforms in a wide variety of systems. SeqAnt will continue to be a fully open source web service and software package, and we believe it will prove especially useful for those investigators who lack dedicated bioinformatics personnel or infrastructure in their laboratories.
Since the initial publication of SeqAnt, we made a number of improvements that have been incorporated into SeqAnt 2.0 [5]. These modifications fall into four main categories. The first focused on updating the SeqAnt website (http://seqant.genetics.emory.edu). The second includes major changes made to the content and structure of the underlying binary databases that hold the annotation information. The third involves a significant redesign of the directory structure holding the output files. Finally, the last modification included substantial revisions to the number and content of output files themselves. Each of these updates will be described in greater detail in the sections that follow.
We undertook a major redesign of the SeqAnt web interface to make it more user-friendly. On the home page, we eliminated redundant tabs and buttons, simplified the overall design, and upgraded the graphic interface’s color scheme (Figure 1). This page includes basic information about the original publication of SeqAnt [5], a link to contact the Zwick laboratory, and the web URL for the theSourceForge website (http://seqant.sourceforge.net), where the source code and associated binary libraries can be freely downloaded. From this page, the user is able to quickly access the three main types of input data accepted by SeqAnt. These include
Screenshot of new SeqAnt 2.0 home page
Selecting the
Selecting the
Screenshot of the SEQUENCE FILE page
Selecting the
Screenshot of the LIST OF VARIANTS page
Screenshot of the SINGLE VARIANT page
One of the unique features of SeqAnt is the ease and speed with which variant information is accessed from a set of customized binary databases. The SeqAnt binary databases are created from flat text table files obtained from the UCSC Genome Browser website [6]. Five main types of data constitute the SeqAnt binary databases. These include:
Reference Genome Sequence
RefGene Annotation
dbSNP Variation Data
PhastCons Evolutionary Conservation Scores
PhyloP Evolutionary Conservation Score
Standard queries, implemented through the web interfaces described above, are able to extract the annotation information from the binary databases. The actual structure of the binary databases is not directly visible to a SeqAnt user, but is worth examining in greater detail. The Reference Genome Sequence provides the basic backbone for other annotation information. Reference sequences for a given species are organized by different builds (i.e. human genome 18, human genome 19). Within each build, data are organized by chromosome, which reflects the structure of the flat files obtained from UCSC. The RefGene Annotation is the collection of information pertaining to known genes for a given species and build. This information is also organized by chromosome. The collection of variant sites in a given species is contained within the dbSNP Variation Data that is also organized by chromosome. Finally, the SeqAnt 2.0 binary databases include two different measures of evolutionary conservation for all sites in a given reference genome sequence. The PhastCons score is best used to detect functional elements in noncoding sequences, whereas the phyloP score provides a measure of the evolutionary conservation of single sites and is most useful for evaluating sites located in coding regions of genes.
Binary files are significantly smaller than their corresponding flat files, so querying binary files uses less memory than the same analysis performed with a flat file. Considering the vast amount of data that has to be accessed during sequence annotation of large genomic regions, the significant difference in the size of the binary files versus flat files helps to account for the speed with which information is processed using binary files. SeqAnt 2.0 updated a number of these specific binary files; a detailed description of the changes follows in the next sections.
The original goal of the dbSNP database (http://www.ncbi.nlm.nih.gov/projects/SNP/) was to develop a comprehensive catalog of common (>5% frequency) human genetic variation [13,14]. These variants were subsequently validated by genotyping in multiple human populations, and their patterns of statistical correlation among variants, known as linkage disequilibrium, were revealed in the HapMap project [15,16]. SeqAnt 1.0 included data from the SNP131 track from the dbSNP [17]. SeqAnt 2.0 was updated to the SNP132 build, which was characterized and uploaded to the UCSC Genome Browser in the summer of 2011. SNP132 has an expanded collection of variant sites that can help researchers determine whether an identical variant has been seen before in a different individual.
Contents of SeqAnt Output Directory. Directories are in bold; individual files shown in a standard font face.
The phyloP Evolutionary Conservation Score data type is a new addition to SeqAnt 2.0. Binary databases, including phylopP scores from a 46-way alignment of vertebrate species to the human genome, were included to complement the PhastCons Evolutionary Conservation Scores previously included in the application. The phyloP scores predict the probability of a given variant site having undergone evolution over time. The absolute phyloP values represent negative log p-values for the null hypothesis that there was no evolution across the regions annotated [18]. Regions that are more conserved tend to have more positive values, whereas sites believed to be fast evolving have negative values. The medium range of these scores for the 46-way alignment from the UCSC Genome Browser is between approximately -3 and +3. It should be noted that, unlike PhastCons, which takes into account flanking bases on a sequence in arriving at its final score for a given variant site, phyloP scores are computed by basically comparing the particular base in the sequence with aligned bases from other species [18]. Variations in highly conserved regions often suggest a significant change that could have functional implications. The PhyloP46way dataset we have on the upgraded SeqAnt web application is the most recent phyloP track in the UCSC, released in December 2009.
We selected zebrafish (
Significant changes to the number and types of output files are reflected in a new output directory structure in SeqAnt 2.0. The output from SeqAnt is contained within a Results directory that includes three subdirectories (Figure 5). This Results directory has the name of the original SeqAnt input file and a subscript \'_Annotation_Files\'. Within this directory, there are three distinct directories (All_Variations, BED_Annotation, Unique_Variations) holding the output of SeqAnt, which will be described in detail below. This directory also contains three other files of interest to a user. The first is a *.summary.txt file that provides a summary of all the variants annotated by SeqAnt. The second is a Compound Replacement file that identifies variants, genes, and sample identifiers for those loci with two or more replacement variants. The collected list of variants includes those that could be compound recessive in a given individual, although since the phase of the variants is not determined, this would have to be validated by other means. This file may be useful when looking for genes that harbor variants that may fit a recessive loss-of-function model. The last is a *.log file generated by SeqAnt that records the major events that occur when SeqAnt processes a dataset.
This directory contains the complete variant annotation files obtained from annotating input files with SeqAnt 2.0 (Figure 5). Two main types of genetic variation are annotated by SeqAnt: single nucleotide variants (SNPs) and insertions/deletions (INDELs). For SNPs, a given variant site when annotated belongs in one of five functional classifications. These include exonic.replacement, exonic.silent, untranslated region (UTR), intronic, or intergenic. For INDELs, a given variant when annotated belongs in one of four functional classifications. These include exonic, UTR, intronic, or intergenic. Overall, there are a total of nine files that contain the variants and their associated annotation information. These annotation files include all possible splice variants impacted by a given variant site. Thus, a given variant site may be listed multiple times in one of the nine output files.
This directory contains files in BED format (http://genome.ucsc.edu/FAQ/FAQformat) that can be visualized on the UCSC Genome Browser or other viewer able to process files in this format. There are ten files total in this directory. Nine of the files include the variants and annotation information as described above; the tenth file (*.ucsc.bed) contains all the annotation information from each of the nine files in a single BED file for the entire genomic region to be visualized. These files can be uploaded to the UCSC browser as custom tracks to be visualized. They can also be visualized in other software packages that process BED files, such as the Integrative Genomics Viewer (Version 2.1) [21].
In contrast to the annotation in the All_Variations directory, the Unique_Variations directory contains nine files that contain a single variant annotation for each SNP or INDEL. Thus, each variant is listed just once, regardless of the number of different splice variants it is predicted to impact. These files allow the user to quickly determine the total number of variants for any specific functional class.
We introduced a number of changes to the annotation fields contained within the SeqAnt output files. First, we rearranged the order of columns in the output files to aid users in evaluating their results. Second, we introduced additional feature columns to the output files. These included row 10, which depicts the transcript change that occurs for a coding sequence variant, row 14, which shows the concomitant amino-acid change for a coding sequence variant, and rows 21 and 22, which report the phyloP conservation score values for each variant position annotated. A summary of the annotation information provided by SeqAnt 2.0 is shown below in Table 1. A representation of an example output file is shown in Figure 6 below.
1 | Variation_Type | Type of variant |
2 | Functional Class | Annotated functional category for variant site |
3 | Chromosome | Chromosome containing variant site |
4 | Position | Absolute position of variant site on a chromosome |
5 | Gene_Name | Name of locus containing variant site |
6 | RefSeq_ID | Ref_Seq ID from UCSC track |
7 | Gene_Strand | Orientation of locus |
8 | Reference_Base | Reference allele at variant site |
9 | Input_Base | Minor allele at variant site |
10 | Transcript Change | Nucleotide base change on transcript |
11 | Original_Amino_Acid | Reference amino acid at variant site |
12 | Amino_Acid_Number | Position of amino acid on peptide chain |
13 | Modified_Amino_Acid | Modified amino acid due to variant site |
14 | Amino_Acid_Change | Amino acid change on peptide chain |
15 | dbSNP_IDs | dbSNP ID If variant site has been reported |
16 | Het_Rates | dbSNPheterozygosity of reported variant site |
17 | Orientation | dbSNP orientation of reported variant site |
18 | PhastCons_placentals | Placental PhastCons score for variant site (46way) |
19 | PhastCons_primates | Primate PhastCons score for variant site (46way) |
20 | PhastCons_vertebrate | Vertebrate PhastCons score for variant site (46way) |
21 | PhyloP_placental | Placental phyloP score for variant site (46way) |
22 | PhyloP_primates | Primate phyloP score for variant site (46way) |
23 | PhyloP_vertebrate | Vertebrate phyloP score for variant site (46way) |
Annotation information output by SeqAnt 2.0
The targeted sequencing of specific genes or genomic regions is a common experimental design that can benefit from the use of SeqAnt. Here we describe such a study. We sequenced the
Single nucleotide variants (SNVs) and small insertions and deletions (INDELs) were annotated using SeqAnt [5]. For the SNPs, a total of 68, or 39%, had not been reported before (31 in
Replacement | 1 | 1 | 0 | 0 |
Silent | 3 | 3 | 0 | 0 |
UTR | 18 | 10 | 8 | 2 |
Intron | 134 | 78 | 56 | 9 |
Intergenic | 20 | 16 | 4 | 0 |
Total | 176 | 108 | 68 | 11 |
Functional annotation of SNPs at the
Using SeqAnt to rapidly annotate our sequence data allows us to quickly draw four main conclusions. First, most common variation is already contained in dbSNP, while much of the rare variation remains undiscovered. Second, we did not see any novel replacement variants at either
Coding | 0 | 0 | 0 | 0 |
UTR | 1 | 0 | 1 | 1 |
Intron | 25 | 7 | 18 | 0 |
Intergenic | 6 | 1 | 5 | 0 |
Total | 32 | 8 | 24 | 1 |
Functional annotation of INDELs at the
With improvements in methods of targeted enrichment and next-generation sequencing, the targeted sequencing of all genes on a specific chromosome has become feasible. Specific genes/genomic regions is a common experimental design that benefits from the use of SeqAnt [25]. Here we performed an experiment that combined targeted sequencing with chromosomal exome sequencing. We selected 127 males from the Autism Genetic Resource Exchange (AGRE) multiplex collection and 75 males from the Simons Foundation Autism Research Initiative (SFARI) Simplex Collection, New York, NY, USA (SSC) for target DNA amplification and DNA sequencing. From the AGRE collection, we chose multiplex families with two or more male affected sib-pairs who shared >99% of 76 genotyped SNPs in the
For the AGRE samples, we prepared target DNA for sequencing the AGRE samples by performing long PCR (LPCR) amplification of the
We used SeqAnt to annotate the variants found at the
Replacement | 5 | 0 | 5 | 5 |
Silent | 8 | 4 | 4 | 4 |
UTR | 33 | 20 | 13 | 1 |
Intron | 223 | 129 | 94 | 6 |
Total | 269 | 153 | 116 | 16 |
Functional annotation of single nucleotide polymorphisms at the
Exonic | 0 | 0 | 0 | 0 |
UTR | 2 | 0 | 2 | 1 |
Intron | 15 | 7 | 8 | 1 |
Total | 17 | 7 | 10 | 2 |
Functional annotation of indels at the
As expected, almost all common variation (>5% frequency in our population) is contained in dbSNP, whereas most rare variants (<5%) are not cataloged in dbSNP (Figure 8). We found that, in our cases, there were five (2.5% of total cases sequenced) singleton nonsynonymous variants. This level of variation in our cases was significantly higher than that seen in a set of 5400 controls. Furthermore, we used SeqAnt to rapidly annotate 1006 X chromosome genes that had been sequenced in the 75 SSC samples, and ultimately showed that the excess mutations at
Summary of SNV and indel variation discovered at the
Forward genetic screens in
To solve this problem, we developed a methodology that combines multiplex chromosome-specific exome capture, next-generation sequencing, rapid mapping, sequence annotation, and variation filtering to detect newly induced causal variants in a dramatically accelerated way [33]. Rapid sequence annotation and variation filtering are critical to this approach. We used SeqAnt as a part of this methodology for rapid annotation of variations obtained from mutant, parental, and background strains in a single experiment. By using SeqAnt, we first annotated all the variants into different functional classes. Next, by comparing variants identified in mutant offspring to those found in dbSNP, the unmutagenized background strains, and parental lines, we could immediately distinguish the induced putative causative mutations from preexisting variations or experimental artifacts (Table 6).
AB5 | Replacement | 96 | 80 | 13 | 3 | 1 |
AB5 | Silent | 157 | 143 | 12 | 2 | - |
AB5 | UTR | 331 | 191 | 135 | 5 | - |
AB5 | Intronic | 106 | 87 | 17 | 2 | - |
AB5 | Intergenic | 54 | 50 | 4 | 0 | - |
M2 | Replacement | 43 | 8 | 31 | 4 | 2 |
M2 | Silent | 19 | 11 | 7 | 1 | - |
M2 | UTR | 73 | 16 | 55 | 2 | - |
M2 | Intronic | 46 | 18 | 20 | 8 | - |
M2 | Intergenic | 40 | 4 | 36 | 0 | - |
X5 | Replacement | 128 | 59 | 63 | 6 | 2 |
X5 | Silent | 192 | 128 | 63 | 1 | - |
X5 | UTR | 387 | 231 | 152 | 4 | - |
X5 | Intronic | 205 | 116 | 86 | 3 | - |
X5 | Intergenic | 89 | 34 | 55 | 0 | - |
Y1 | Replacement | 17 | 1 | 14 | 2 | 1 |
Y1 | Silent | 5 | 0 | 4 | 1 | - |
Y1 | UTR | 14 | 2 | 11 | 1 | - |
Y1 | Intronic | 34 | 0 | 31 | 3 | - |
Y1 | Intergenic | 7 | 0 | 7 | 0 | - |
Results of filtering homozygous variants sites for each mouse mutant line sequenced.
We demonstrated the use of this approach to find the causative mutations induced in four novel ENU lines identified from a recent ENU screen. In all four cases, after applying our method and combining with standard mapping data used to initially localize the variant to a chromosome, we found two or fewer putative mutations (and sometimes only a single one). Confirming that the variant was in fact causative was then easily achieved via standard segregation approaches. SeqAnt gave us the ability to rapidly annotate and screen variants of lesser interest (silent, UTR, intronic, intergenic), so we could instead focus our attention on those variants (replacement) that were most likely to account for the mutant phenotype.
Children with very-early-onset (VEO) pediatricCrohn’s disease (CD) are found to have high levels of neutrophil dysfunction. Neutrophils are an abundant type of white blood cell that play an essential role in innate immunity. We therefore hypothesized that children with very-early-onset Crohn’s disease would exhibit an increased frequency of genetic mutations affecting neutrophil function. For an initial study we selected 45 VEO CD patients (median (range) age: 8.5 (5-10) years) with CBir1 sero-reactivity and moderate-to-severe clinical disease activity at diagnosis. We used the Roche NimbleGenSeqCap EZ Human Exome Library v2.0 on genomic DNA extracted from whole blood to capture the whole exome for each patient. Barcodes were used to prepare the libraries for whole-exome capture, which allowed us to sequence two whole exomes per lane of next-generation sequencing. We performed multiplexed 100 base-pair paired-end sequencing on an IlluminaHiSeq 2000 instrument. We used PEMapper (Cutler and Zwick, in revision) to map raw sequence reads and identify variants sites relative to the ~30.8 Mb human exome reference sequence (NCBI37/hg19).
We then used SeqAnt to annotate all variant sites for functional significance, frequency, presence in databases like dbSNP, and measures of evolutionary conservation. Our central hypothesis was that early-onset (pediatric) forms of IBD would be substantially influenced by deleterious mutations found in the neutrophil pathway. If true, a straightforward evolutionary model of mutation-selection balance predicts that these variants ought to be rare in the general population, found at highly evolutionarily conserved sites, and have large effects on gene function. Thus, variants found in coding regions (replacement, nonsense, exonic insertions/deletions) that putatively alter protein structure and function will be the strongest candidates as contributors to IBD in pediatric patients. A number of lines of evidence specifically implicate loci involved in neutrophil functional pathways. We therefore proposed a strategy of first discovering variation in genes known to function in the neutrophil pathway, followed by direct functional testing of alleles from specific patients.
CSF2RA | chrX (p22.33) | 0 | - | - | GM-CSF signaling | - | - |
CSF2RB | chr22 (q12.3) | 1 | SNP | 37331455 | GM-CSF signaling | 0.02 | 0.0024 |
CYBB | chrX (p11.4) | 1 | SNP | 37663322 | oxidative burst | 0.02 | 0.0032 |
DUOX1 | chr15 (q21.1) | 2 | SNP SNP | 45448069 45431655 | enterocyte, H202 | 0.02 0.02 | 0.0003 0.0002 |
DUOX2 | chr15 (q21.1) | 1 | Indel | 45393428-30 | enterocyte, H2O2 | 0.02 | - |
FCGR1A | chr1 (q21.2) | 0 | - | - | phagocytosis | - | - |
FCGR2A | chr1(q23.3) | 0 | - | - | phagocytosis | - | - |
FCGR2B | chr1 (q23.3) | 0 | - | - | phagocytosis | - | - |
FCGR3A | chr1 (q23.3) | 0 | - | - | phagocytosis | - | - |
FCGR3B | chr1 (q23.3) | 0 | - | - | phagocytosis | - | - |
IL27RA | chr19 (p13.12) | 1 | Indel | 14159807 | IL-27 signaling | 0.02 | - |
JAK2 | chr9 (p24.1) | 0 | - | - | GM-CSF signaling | - | - |
MPO | chr17 (q22) | 0 | - | - | bacterial killing | - | - |
NCF1 | chr7 (q11.23) | 0 | - | - | oxidative burst | - | - |
NCF2 | chr1 (q25.3) | 0 | - | - | oxidative burst | - | - |
NCF4 | chr22 (q12.3) | 1 | SNP | 37273825 | oxidative burst | 0.02 | 0.0001 |
NLRP12 | chr19 (q13.42) | 0 | - | - | chemotaxis | - | - |
NOS2 | chr17 (q11.2-q12) | 3 | Indel Indel Indel | 26087106 26096042 26085975-76 | reactive nitrogen intermediates | 0.2 0.2 0.57 | - - - |
NOX1 | chrX (q21.1) | 0 | - | - | oxidative burst | - | - |
NOX3 | chr6 (q25.3) | 0 | - | - | oxidative burst | - | - |
NOX4 | chr11 (q14.3) | 2 | SNP SNP | 89088208 89182666 | oxidative burst | 0.02 0.02 | - 0.0022 |
NOX5 | chr15 (q23) | 0 | - | - | oxidative burst | - | - |
PRAM1 | chr19 (p13.2) | 1 | Indel | 8564497-500 | adhesion | 0.02 | - |
RAC1 | chr7 (p22.1) | 0 | - | - | oxidative burst | - | - |
RAC2 | chr22 (q12.3) | 0 | - | - | oxidative burst | - | - |
SELPLG | chr12 (q24.11) | 1 | SNP | 109017468 | adhesion | 0.11 | - |
SLC11A1 | chr2 (q35) | 2 | Indel SNP | 219247739 219254723 | bacterial killing | 0.02 0.02 | - - |
STAT3 | chr17 (q21.2) | 2 | SNP SNP | 40481429 40477064 | IL-27 signaling | 0.02 0.02 | - 0.0002 |
STAT5A | chr17 (q21.2) | 1 | SNP | 40461109 | GM-CSF signaling | 0.02 | - |
STAT5B | chr17 (q21.2) | 0 | - | - | GM-CSF signaling | - | - |
VAV1 | chr19 (p13.3) | 0 | - | - | oxidative burst | - | - |
VAV2 | chr9 (q34.2) | 0 | - | - | oxidative burst | - | - |
VAV3 | chr1 (p13.3) | 0 | - | - | oxidative burst | - | - |
Genetic variants found in genes that regulate neutrophil function.
We used SeqAnt to annotate all the sequence variations from the 45 exomes and identified a total of 60,682 variant sites of interest in coding regions (54,313 replacement SNPs, 2953 indels covering 6369 bases). For our exploratory genome-wide analysis of SNPs, we restricted our analysis to those variants with phyloP scores greater than 2.0, which corresponds to the top 1% of conserved sites in the human genome. Remaining were 12,575, of which 51% (6490) were not cataloged in dbSNP 132 and might constitute novel mutations contributing to early-onset IBD. We then restricted our analysis to 33 neutrophil genes. Table 6contains a list of these 33 neutrophil genes with the number of rare putative functional variants (replacement SNPs or exonicindels). These variants are to be followed up using direct functional assays to assess function. Again, SeqAnt enabled us to rapidly annotate all variants, ignore those variants of lesser interest, and focus our attention on those most likely to contribute to the VEO CD in our sequenced patients.
We have shown many useful features of SeqAnt and how it can be applied in a variety of experiments, yet we continue to develop SeqANt and plan to expand its functionalities going forward. Our goal is to create a one-stop online tool that readily accepts raw sequencing data and generates output through the annotation and functional characterization stages. Moreover, because our software and libraries are open source, they can be downloaded and optimized locally as part of a next-generation sequencing pipeline. SeqAnt is a truly dynamic application that is updated regularly to keep up with the constant flow of new sequencing data, genome assemblies, and improved annotation information available from public databases like those found at the UCSC Genome Browser.
Genomic sequence annotation requires an up-to-date and comprehensive database of DNA sequence information for a given organism. Our first aim is to continue adding to our database organisms whose genomic information could be annotated. We plan on including several other mammals, vertebrates, invertebrates, and ultimately bacteria strains in the near future. This will give researchers a web application they can use to speed their genetic studies of such organisms. We are also in the process of updating the dbSNP information contained in the SeqAnt database.
Another area of future focus is to broaden the types of input and output files that SeqAnt could work with, while embracing standards in broad use in the bioinformatics community. We intend to include the capability to directly annotate.vcf files as a standard input file format. Presently, all our output files are either text files or BED files. We also plan to provide the option of having the annotation output in.vcf format. Furthermore, we intend to modify SeqAnt to make the.map and.ped files (PLINK formats) from the snp variant file, which will be beneficial for substructure analysis and several other analyses that can be done using PLINK.
The inclusion of additional custom tracks from the UCSC browser to annotate for conserved and putatively functional sites will also be a future area of SeqAnt development. Our hope is that this will improve the effectiveness of downstream functional analysis. We also plan to have the application hosted in a cloud computing environment, side by side with other bioinformatics tools. This is relevant not only because of the wider accessibility it guarantees, but there is often the added ease of using other tools in the same environment to generate and modify input and output files from SeqAnt for further analysis.
SeqAnt was set up to be a dynamic application, and our improvements to this software make it possible to apply SeqAnt to different genomic variant analysis situations. Inevitable advances in sequencing technologies will spur continued demand for tools that can make sense out of the enormous raw sequence data generated, and we will work continually to make SeqAnt adaptable to these improvements and even more accessible to the wider public.
Great advances in targeted enrichment methods and DNA sequencing are beginning to allow individual investigators to sequence significant portions of many genomes; the bottleneck this has revealed lies with the annotation and interpretation of the resulting genomic variation data. SeqAnt is a software tool that directly addresses this bottleneck in a wide variety of potential applications. SeqAnt is an open source application that contains a number of unique features. The first is its ability to annotate data from many organisms, not just humans. Second, it is able to perform this analysis with a minimal memory footprint. Third, it completes this analysis in record time, thereby removing a significant bottleneck facing a researcher using the latest next-generation sequencing platforms.
The modifications we made to the application ensure we have the latest data tracks for the species we currently have in the SeqAnt binary databases. Furthermore, we have expanded the number of species that can now be annotated. Finally, with the addition of the PhyloP46Way conservation track, researchers can more confidently assess the evolution and significance of a particular variant site when the phyloP scores are viewed side by side with the PhastCons score values.
We have applied SeqAnt to various studies in our lab, from the work analysis of data on targeted sequencing of particular genes to the analysis of whole-exome data. We also used SeqAnt in the variant annotation of mouse genome and the adaptation of HapMap data for analyzing human exomes. The results from these various applications establish SeqAnt as a user-friendly tool that could help researchers in their work over a wide range of endeavors.
SeqAnt will continue to be an open source web application, which we will constantly update to meet the demands of changing and improving genomic and sequencing technologies. The future of genomics and variation studies lies in our ability to properly use the massive amounts of information we have obtained from DNA sequencing. Sequence annotation tools like SeqAnt that can efficiently turn such data into useable information will play a key role in this future.
This work was supported by the National Institutes of Health/National Institutes of Mental Health (NIH/NIMH) and Gift Fund (grant number: MH076439, MEZ); the Simons Foundation Autism Research Initiative (MEZ); and the Training Program in Human Disease Genetics (grant number: 1T32MH087977, DR). We thank members of the Cutler and Zwick labs and Jennifer G. Mulle for discussion, Cheryl T. Strauss for editing, and the Emory-Georgia Research Alliance Genome Center (EGC), supported in part by PHS Grant UL1 RR025008 from the Clinical and Translational Science Award program, National Institutes of Health, National Center for Research Resources, for performing the Illumina sequencing discussed in this chapter. The ELLIPSE Emory High Performance Computing Cluster was used for the development of SeqAnt.
In the development of any economy, the banking sector plays a key role, since it is primarily that sector that advances the task of intermediation between the so-called surplus agents (they do not spend the total of their monetary resources, the savers) and the so-called deficit agents (require additional monetary resources); this is one of the reasons why banks exist in all countries. Additionally, because they transmit to the population in general, monetary and credit policies issued by central banks and/or governments in such a way that they become one of the key sectors in every economy since an important part of savings, investment and financing goes through their intermediation. Otherwise, banks play a preponderant role in determining living standards within modern economies, so much so that [1] banks have the ability to stimulate and collect the savings of a society and distribute them among companies and sectors that need capital as an input for their economic activities.
Banks are important within any financial system; for example, in the United States in mid-2017, there were 7,836 member banks of the Federal Deposit Insurance Corporation. According to [2], within the European Union as of November 2016, there were 127 larger banking groups and according to [3], in Latin America, there are 23 banks in Chile; according to [4], in Mexico, there were 47 institutions of multiple banking as of December 2016 and in Colombia 25 banks as of December 2016.
According to [5], within the Colombian financial system, banks are part of the credit facilities supervised by the Superintendencia Financiera de Colombia (SFC), along with financial corporations, traditional financing companies, leasing specialized finance companies, and financial cooperatives. According to [6], the credit institutions are financial institutions whose main function is to capture legal currency resources from the public, either in sight deposits (savings accounts and current accounts) or in term deposits (CDT and CDAT’S), to place them again through loans, discounts, advances, or other active credit operations. According to [7], being watched by the SFC means that there is an institution that authorizes and monitors the activity carried out by entities that receive monies from the public, where you save, invest your capital, and have a loan, insurance, or your pension. According to Decree 663 of April 2, 1993, published in the Official Gazette No. 40, 820, Organic Statute of the Financial System [8], in its Article 2 it is made explicit that the main function of banking establishments is the capture of resources in bank current account, as well as the collection of other sight or term deposits, with the primary objective of making active credit operations.
Given the importance of the banking sector worldwide, this research analyzes the behavior of the Colombian banking sector during the last 15 years, using the nonparametric methodology data envelopment analysis (DEA) to generate relative efficiency indicators for each of the banks and for every year throughout the study period; questions are answered: are there efficient banks throughout the period? What are the average efficiency levels of the sector for each year? In what year or years were there better results of relative efficiency?
In 1923 and through Law 25, the Banco de la República was created, the second central bank created in the region, a year before that had been created in Peru. According to [9], between the years 1922 and 1950, 17 central banks were created in the region under the guidance of Edwin Walter Kemmerer. Along with the approval of Law 25 of 1923, which established the organic status of the Banco de la República, Law 45 was approved, which regulated private banks and established the Banking Superintendency, seeking to allow the stable functioning of the Colombian financial sector [10]. In the nineties, the transition to a universal banking system began, with an emphasis on commercial banks. In [11], a scheme of subsidiaries and matrices was standardized, the structure of the sector and its services was redefined, and the entry and exit of markets were liberalized.
The financial crises of the twentieth century resulted in the closure of entities and processes of internal mergers and acquisitions, which consolidated the system in the early twenty-first century transforming the financial sector. According to [12], the period from 2002 to 2009 was characterized by an environment of economic recovery, by the high flows of foreign capital and by the increase in the services provided by the banks. During these years, the transformations led to a reduction in the number of financial institutions, which went from more than forty banks between mortgages and commercials, in the mid-1990s, to less than twenty in 2009. The same is true for [13], those between 1995 and 2009, the financial sector had a consolidation process.
In such a way that the competition for the market resumed, always with two big banks at the head, Bancolombia and Grupo Aval. But Banco Davivienda bought Bancafé and it became the third bank; Granahorrar was bought by BBVA, positioning itself as the fourth bank in the country. For the year 2008, 72% of the Colombian banking market was distributed as follows, in importance: Aval, Bancolombia, Davivienda, and BBVA.
For the last few years, and in global terms, it is observed that the Colombian financial sector is monopolized by a few financial groups, which through their business conglomerates offer an extensive portfolio of banking services, securities administration, insurance, investment fund management, layoffs, and pensions, among others. According to [14], for 2014, only 10 of the 33 most representative companies in the sector accounted for 68% of total investments: Bancolombia, Porvenir, Banco de Bogotá, Davivienda, Protección, BBVA, Banco de Occidente, Corpbanca, Banco Agrario, and Colpatria; of these 10, eight are banks. Regarding income, 61% of the total was concentrated in ten entities: 7 banks, 2 insurers, and one administrator of pension and severance funds: Bancolombia, Banco Agrario, Banco de Bogotá, Banco de Occidente, Davivienda, Protección, BBVA and Banco Corpbanca, insurer Suramericana, insurer Positiva, and Porvenir administrator. In relation to profits only 8 concentrated 66% of the total profits of the sector; among these are Bancolombia, Banco Agrario, Banco de Bogota, Banco de Occidente, Davivienda, Banco Colpatria, Banco Popular, and Suramericana Vida.
For the year 2016, in Colombia, there are four important national financial groups with international operations: Grupo Aval, Grupo Bancolombia, Grupo Bolívar, and Grupo Colpatria.
According to [15], the Aval Group is one of the most important financial groups in Colombia; even on its website, it calls itself “Colombia’s largest financial group”. Specifically, it is the largest financial conglomerate in Colombia and through of BAC Credomatic is the largest and most profitable regional group in Central America. It has four banks: Banco de Bogotá, Banco de Occidente, Banco Popular, and Banco AV Villas. Banco de Bogotá: it is the financial institution with the longest history in the country (founded in 1870), the second largest bank in Colombia by size of assets, and the largest company in the Aval Group due to its level of assets, deposits, and profits. Banco de Occidente: it is the fifth largest bank in Colombia by asset level and portfolio and the third largest bank in current accounts. Banco Popular: is a pioneer in the promissory note market and provides financial solutions for government entities in Colombia. AV Villas Bank: it has gone from being exclusively focused on housing loans, to be a consumer-oriented universal bank; it is the group’s most active bank, in the use of nontraditional channels: mobile banking, nonbank correspondents, and virtual branches.
Another of the important groups is the Grupo Bancolombia, which denotes that 142 years have passed since its birth [16]; this group originated from the merger of the Bank of Colombia and the Industrial Colombiano Bank, later merged with Conavi (2005) and Confisura. Bancolombia is the largest private bank in the country due to the size of its equity and assets [17].
The Grupo Empresarial Bolívar is a conglomerate of companies that are coordinated and controlled through Sociedades Bolívar. Banco Davivienda belongs to this group, which originated in the Colombian Savings and Housing Corporation, Coldeahorro (founded in 1972) and the Superior Banks (merger in 2005) and Granbanco-Bancafe [18]. In mid-2017 and according to the information on its website [19], it is consistently positioned among the first three banks in the country, with a record number of customers for 2016 of 7,714,552 and 593 offices.
The Grupo Colpatria—Red Multibanca has a banking unit (bank and fiduciary), a construction unit, an investment unit, and Colfondos. In October 2011, Colpatria, the group’s holding, announced the Bank’s new partner: the multinational Scotiabank, with whom they signed a long-term strategic alliance; this multinational institution is one of the main financial institutions in North America and Canada [20].
The international financial groups with presence in Colombia are: BBVA, Citibank, GNB Sudameris, and Corpbanca.
Grupo BBVA: is composed of a Spanish banking entity with over a century and a half of experience, which after mergers and acquisitions both nationally and internationally, is currently the Grupo BBVA. According to [21], in 1996, it made a presence in Colombia through the purchase of 40% of Banco Ganadero; in 2004, it was renamed BBVA Colombia, and in 2006, it merged with Banco Granahorrar.
Grupo Citibank: the history of Citibank in the world began in the United States in 1812, when the City Bank of New York (today Citibank) was founded [22]. Citibank Colombia is a Citigroup franchise. The group is composed of the controlling company, Citibank Colombia S.A. and the subordinates [23]. According to [24], Citi in Colombia opened the first branch in 1916; since 1986, it has organized according to the model of Consumer Banking and Corporate Banking.
Grupo GNB Sudameris: in 1920, the bank was born as a Colombian mercantile company; after acquisitions and sales in 2004 Banco Sudameris acquires the majority shareholding of Banco Tequendama and Servibanca. At the beginning of 2014, the incorporation of the HSBC operation was formalized. The group currently consists of the Banco GNB Sudameris and 7 companies [25].
Grupo Corpbanca: Banco CorpBanca was created in 1997 from the merger of Banco Concepción Chileno and Banco Corp Group. Since then, it has positioned itself in the Chilean market as the fourth most important bank. For [26], in 2012 arrived at the Colombian market. Currently, Banco Corpbanca Colombia has four subsidiary companies.
Otherwise, at the December 2016 cutoff and using the SFC as an information source, it can be seen that within the Colombian financial system, there are 25 banks that represent 11% of the total of the entities in the sector, but in terms of participation in assets, banks represent 93%. For example, savings and housing cooperatives have a 78% stake in the entities, but only 2.1% participation in the sector’s assets. Within the aforementioned 25 banks, there are 14 national (including the two cooperatives owned), 10 foreign, and one public.
According to [27], the banking sector closed in 2016 with total assets of $ 548 billion, an increase of 8.6% over the previous year and 126% in relation to the result for 2010, with an increasing trend in this period; the entities with the greatest assets at the end of 2016 are the Bancolombia, the Banco de Bogotá and Davivienda.
With respect to the gross portfolio, 2016 closed with $ 394 billion, representing an increase of 12% with respect to 2015 and 148% with respect to 2010, with an ever-increasing trend. By the end of 2016, the commercial portfolio of the banking sector participates with 58%, while the consumer portfolio with 27%, housing with 13%, and microcredit with only 3%; these shares are very similar to those of the immediately previous year.
Looking at the behavior of the liability, it is established that at the end of 2016, it is 475 billion with a growth of 9% for this last year, and between the years 2010 and 2016 with a growth of 125% with an ever-increasing trend. The ratio between the granted portfolio and the deposits of the public (savings, CDT, and current accounts) for the sector is 0.92, which represents that the sector for each peso that captures places only 0.92 pesos.
It is a nonparametric methodology of advanced linear programming, in which a double process of optimization is carried out, establishing the relative efficiency of Decision Making Unit—DMU, for [28] specify that this is done by generating an efficient frontier that locates the individual relative indices without having prior knowledge of the production function. More specifically, according to [29], DEA is used to evaluate the relative efficiency of a set of
DEA has experienced a dynamic development, for [31] it gradually becoming a set of concepts and methodologies, which have materialized in a series of models. The first DEA model to be developed was the CRS (constant returns to scale) model that results in the categorical classification of each DMU [32]; after a few years, the VRS (variable returns to scale) model appears, through which not only constant returns can be worked [33], but also as [34] clarifies these returns can be incremental and decremental.
Consider a set composed of
Subject to:
where ε is a nonarquimidian value designated strictly positive.
The theory of fractional programming expressed in [35] is applied and the following changes of variables are made:
where:
The initial problem can be transformed into the following linear programming model:
Subject to:
According to [31] and all the above parameters, for this model we have a mathematical approach:
Subject to:
With its equivalent in linear programming:
Subject to:
The conventional measurement of DEA is based on the hypothesis that resources or inputs should be minimized, and products or outputs should be maximized according to [36]. Additionally, for each of these basic models, there is the orientation to the entrances and the orientation to the exits, depending on whether you want to prioritize the maximum decrease of the inputs keeping the outputs constant or the total maximization of the outputs with the constant inputs. One of the strengths of DEA is that a single efficiency result (%) is obtained for each unit, in a multi-input and multi-output context.
The study of relative efficiency through DEA applied to banks is one of the most recurrent issues, so that some of the most recently published research is presented below. Ref. [37] measured the efficiency of the offices of a state bank in India by applying a DEA model based on slack. The diffuse DEA models are used in those occasions in which it is considered that the accuracy of the data is not the best; for this reason, [38] used this type of model to analyze the banking sector in India.
The CRS and VRS models were used by [39] in their research to measure the efficiency of commercial banks in Slovenia, Poland, Austria, Hungary, Slovenia, and Czech Republic. These two models were also applied by [40] to study the banks of Côte d’Ivoire in West Africa, for the period 2008–2010. The VRS model was also used by [41] to study 79 bank branches in Canada, only this time they used the orientation to the inputs.
Islamic banks were studied by [42] comparing them with traditional banks using the Meta-Frontier Analysis (MFA) model. The Nash negotiation game model was combined with the centralized two-stage DEA model for [43] to study banks in China. Through an additive efficiency decomposition approach in DEA [44] evaluated the management and investment efficiencies of ICTs in Taiwan’s banks for the 2007–2011 period. The Iranian banks were studied by [45] through the CRS model with output orientation. The research of [46] proposes a model with a multi-stage procedure that integrates robust methods, cluster analysis, and DEA to identify and study the efficiency of management in the different branches of the banks.
The main banks in Cambodia were studied by [47] through the DEA panel model for 13 years. [48] studied Taiwanese banks developing a new model based on DEA gaps to decompose their different components. Research from [49] focused on measuring the efficiency of marketing as a measure of performance after the merger, and this was investigated through DEA applied to 20 merger and acquisition agreements within the US commercial banking.
[50] studied the relative efficiency of 23 Colombian commercial banks for a period of 10 years, with the CRS and VRS models oriented to inputs and outputs. [51] investigated the efficiency of Colombian banking from the year 2000 until 2012; they applied the VRS model with orientation to the outputs. On the other hand, [52] compared the relative efficiency of the real sector with that of the financial sector of the Colombian economy for 2014 using the VRS model oriented to the outputs.
Information source: Superintendencia Financiera de Colombia.
Delimitation of the DMU: given that the Colombian banking sector is studied, the DMUs are the banks that year after year, and from 2002 and until 2016, reported their financial statements to the SFC. Reaffirming the statement by [53], DEA is generally interpreted using the notion of production technology generated by the set of observed units. For the study period, 5 government banks reported to the SFC, because they were from the government; they withdrew from the database, accepting what was expressed by [54] as to which institutions of the Government alone are comparable to each other. Additionally, a private bank that was liquidated in 1999 also reported its financial statements, but because it was not comparable, because it was not fully operational, it was also removed from the database. Table 1 shows the number of banks that are part of the investigation for each year.
Year | # of banks |
---|---|
2002 | 24 |
2003 | 24 |
2004 | 24 |
2005 | 19 |
2006 | 15 |
2007 | 15 |
2008 | 17 |
2009 | 17 |
2010 | 18 |
2011 | 22 |
2012 | 22 |
2013 | 23 |
2014 | 21 |
2015 | 24 |
2016 | 24 |
Number of banks that are part of the study.
Source: self-made.
Determining the specific DEA model, as recommended by [55], since there is no evidence of constant returns to scale, we choose to use the DEA VRS model, and having a particular interest to evaluate how to obtain best results, we work with orientation to the outputs.
Delimitation of inputs and outputs: given that DEA is a nonparametric boundary model, in which it is not necessary to previously establish the production function, and that the determinant variables of the model are the resources used (inputs) and what is obtained from the process of transformation of them (outputs), the variables used in this investigation are shown in Table 2.
Inputs | Outputs |
---|---|
Current assets | Operating income |
Property, plant & equipment | Net income |
Noncurrent liabilities | |
Equity |
Input and output variables.
Source: self-made.
Taking into account the inputs and outputs chosen for this model and going to [56], it can be established that this model is what they call an intermediation model, which consists in measuring how the entity operates based on the monetary assets it gathers (inputs), making loans and investments (outputs).
These same input and output variables have been used by [52] and by (Rodríguez-Lozano) [57] to study the insurance brokerage companies in the Colombian financial environment through DEA indicators, and also by [58] to determine relative efficiency in two subsectors of the Colombian economy from 1993 to 2002 and [59] to determine the measurement of relative efficiency in three subsectors of the Colombian economy from 1993 to 1999.
Table 3 shows the result of the efficient units, in percentage terms, for each year.
Year | # Units | % |
---|---|---|
2002 | 6 | 25% |
2003 | 9 | 38% |
2004 | 9 | 38% |
2005 | 8 | 42% |
2006 | 9 | 60% |
2007 | 10 | 67% |
2008 | 11 | 65% |
2009 | 10 | 59% |
2010 | 11 | 61% |
2011 | 11 | 50% |
2012 | 14 | 64% |
2013 | 14 | 61% |
2014 | 15 | 71% |
2015 | 13 | 54% |
2016 | 15 | 63% |
Efficient units per year.
Source: self-made.
Table 4 shows the average efficiency levels for each year.
Year | Average efficiency (%) |
---|---|
2002 | 70 |
2003 | 79 |
2004 | 78 |
2005 | 88 |
2006 | 89 |
2007 | 95 |
2008 | 87 |
2009 | 88 |
2010 | 89 |
2011 | 90 |
2012 | 92 |
2013 | 89 |
2014 | 92 |
2015 | 86 |
2016 | 86 |
Average efficiency levels per year.
Source: self-made.
The study period begins with the lowest index, as previously stated is a period of recovery of the Colombian financial sector after its crisis; the highest index is in 2007, which coincides with the time before it started the first global financial crisis of this century; as of 2014 (with the second best average), the consequences of the global economic recession begin to be evident.
Figure 1 shows the behavior of the units, by efficiency range for the entire study period.
Units by efficiency range. Source: self-made.
The results show that between the years 2002 and 2007, the percentage of efficient banks was in a clear rise, an increase of 42% points, despite the fact that the number of banks decreased; even 2007 was the year in which there were fewer banks for the 15 years studied. This confirms that since 2002, the sector experienced improvements. Additionally, in 2005, 79% of the banks were between 100 and 80% efficiency, ratifying the good results.
In 2007, the first financial crisis of the twenty-first century began and the impact of this crisis is evident from the results of 2008 and until 2011; there is a decrease of 17% points for efficient banks. At the same time, the efficiency range between 79.9 and 60 increased until reaching its maximum level in 2010 (33%). These results are consistent with those found by [60], in the sense that global financial crises impact the behavior of banks. As of 2011, a slow recovery process begins for the efficient, until 2014.
The Colombian economy ended 2015 with a rate slightly above 3%, despite the stagnation experienced in Latin America and the low global growth [61]; for the financial sector, the growth was 4.3% and according to [62], the balance of the banking sector was satisfactory. In terms of relative efficiency, it can be established that the share of the efficiency decreased at the same time as the holdings of the banks with low ranks increased. The efficient banking institutions had a fall of 17% points in a single year and for this same year the ranges 99.9–60% and lower to 40% increased their participation by 11 and 8% points, respectively. This means that more banks were unconcerned about managing their resources efficiently prioritizing other types of behavior as a process of deceleration of the beginning of world economy.
For the year 2016, in spite of continuing the deceleration of the economy, the Colombian banking sector reported good results, for example increased profits by 17% over the immediately previous year. In the same way, the participation of efficient banks improved to 63%, and the rest of the ranks were concentrated around a 10% share; leaving in this way very clear the difference of participation between the efficient banks and those that are not, a difference that began to take shape from the year 2006 and that from 2014 is stabilized by the grouping of the inefficient in participations below 20%.
Figure 2 shows the behavior in terms of relative efficiency of the 8 financial groups mentioned previously.
Efficiency (%) of financial groups. Source: self-made.
The one that is considered the largest financial group in Colombia, Grupo Aval, is definitely the most inefficient. On the other hand, the only efficient group in all 15 years of the study is Grupo Bancolombia. Both the Grupo Bolívar (Banco Davivienda) and the Grupo Colpatria (Banco Colpatria) began the study period with relatively low rates (61 and 54% respectively) but they were improving to the point that since 2005 they are efficient and they maintained the same until 2016.
Regarding international groups, Citibank is the one with the best results, because only in 2011, it is not efficient, but its index is 99%. The behavior of the Grupo BBVA is very similar to that of the Grupo Bolívar and Grupo Colpatria, but this group is not efficient for 2016; although it is very close, its index is 93%. The Grupo Corbanca in the 5 years of presence has rates above 80% and even in 3 years it is efficient. The Grupo GNB started in 2005 with an index of 70%, improved for the next 2 years, fell, and then became efficient, and from 2011 it repeats the cycle ending in 2016 with an indicator close to 70%. The Grupo CorpBanca Group shows better results, since in three of the 5 years of presence it is efficient, and its inefficiency is not more than 20% since the indexes of those 2 years are higher than 80%.
In Figure 3, the behavior of the 4 banks of the Grupo AVAL is presented; there it is evident that although the one of Banco de Bogota has indexes above 80% and is efficient in 9 of the 15 years of the study, this is not enough because the remaining three banks mark downwards since they have rates that are around 60% and in the last 3 years the Banco Popular and the Banco AV Villas have very low rates.
Efficiency (%) of banks of the grupo aval. Source: self-made.
Figure 4 shows the behavior of efficient banks according to whether they are national or not.
Behavior of efficient banks. Source: self-made.
Foreign banks have a greater participation in 90% of the years; only for 2016, the participation of efficient national banks exceeds the participation of foreigners, although by very little.
Now, of all the banks that are part of the study, only 24% are efficient during all the years that each of them is present in the study period: Bancolombia: 15 years, Procredit: 9 years, Finandina: 6 years, Santander de Negocios: 4 years, Bankboston: 3 years, Megabaco: 4 years, Mundo Mujer: 2 years, Multibank: 2 years, and Standard Chartered: 3 years. They are not within this group because only in 1 year they were not efficient, although this indicator is above 95%: Coomeva, WWB, Bancompartir, and Citibank.
The financial sector is important in any economy, since it is the one that brings together those agents that have monetary resources to spare with the agents that need those resources. In Colombia, this sector is one of those that have marked the growth of the economy for several years; even more, at a time of global economic slowdown, it is the one that has definitely had very good profits. An example of this is the year 2016 in which despite the global recession this sector obtained an increase of 24.8% in its profits.
The Colombian banking sector emerges from the crises of the twentieth century, preparing itself to tackle the twenty-first century, through an organization that prioritizes the formation of financial groups of both national and foreign origin; this means that purchases and mergers have been the order of the day. In the last 15 years, the period of time of this investigation, there has been a great movement regarding the number of banks in the sector in each year. Although this period began with 24 banks in 2002, discounting the banks owned by the government and closing 2016 with this same number of banks do not mean that there was no movement in the intervening years.
The Santander Colombia, Scotiabank, HSBC Colombia, Helm, Union Colombiano, Tequendama, Bansuperior, Megabanco, Granahorrar, Colmena, and Conavi banks disappeared from the sector, either because they were purchased or because they merged. The Standard Chartered bank closed voluntarily and the bank Bankboston also settled voluntarily. The following banks entered: Corpbanca, Procredit Colombia, Bancamia, WWB, Coomeva, Finandina, Falabella, Pichincha Coopcentral, Santander de Negocios, Mundo Mujer, Multibank, and Bancompartir.
To study this sector, the DEA methodology is perfectly adjusted since it is not necessary to predetermine the production function and a set of multiple entries and multiple outputs can be worked out to obtain a single indicator per bank and per period studied.
Within this investigation, it has been possible to establish that of the 13 banks that entered the sector during the study period, and that were previously mentioned, 62% have obtained such good results that at least 90% of the years of existence have been efficient and when they are not, the indicator is above 90%.
Overall, it can be determined that the average relative efficiency over the last 15 years of the Colombian banking sector is 86%, despite having raffled the first global financial crisis of this century and living a severe economic recession worldwide.
The highest percentage of efficient banks is in 2014 (71%), for 2016 37% of banks are inefficient.
It was also established that one does not need to be the most important bank, nor the largest one in terms of assets, nor have they obtained the most voluminous profits, nor belong to the most powerful financial group, and nor have years of evolution, to be efficient. Additionally, not being a bank that is part of a very important financial group, it is efficient. Otherwise, so be a robust financial group, this does not mean that as a group, be efficient.
The results also show that there is a large gap between the percentage of efficient and inefficient banks. This gap began in 2006 with 47% points of difference, which increases for 2008 and ends in the last year of the study with more than 50% points.
On the other hand, the foreign banks have been more representative in the total of efficiency than the national banks; this situation only has a very slight change for the year 2016.
This research was carried out using public information to which there is free access, but it is evident that for a better approximation to the measurement of relative efficiency it would be very good to have access to information that in Colombia is considered as private. In other words, the directors of the different banks agree to provide the information required to improve this study.
On the other hand, bank managers should take advantage of the conclusions reached to improve their performance, and if that were the case, the performance of the whole group.
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The Promise of an Ecumenical Analytic for Fashion Studies and Beyond in a Globalized World",slug:"what-is-fashion-really-the-promise-of-an-ecumenical-analytic-for-fashion-studies-and-beyond-in-a-glo",totalDownloads:1241,totalCrossrefCites:0,totalDimensionsCites:3,abstract:"This chapter addresses the increasingly complex question of the nature of fashion in a globalized world. While it is strikingly obvious that fashion is a global and globalized phenomenon, its specific character, and indeed geographical locations and origins, remain contested. Drawing inspiration from the Greek historian Polybius, and his ideas of an ecumenical analytical approach, to studying world-wide phenomena we discuss the current state of fashion studies in what we consider an ecumenical moment, holding many opportunities for the field. In order to lay out the roots of current debates, on such matters we review the history of fashion studies from the mid‐19th century through to today, drawing attention to both the ontological assumptions and the epistemological and methodological dilemmas that have shaped the field, and that in some ways continue to do so today. We finish with some suggestions as to what the future may hold for the field if the ecumenical promise of global fashion research is truly realized.",book:{id:"5924",slug:"epistemology-and-transformation-of-knowledge-in-global-age",title:"Epistemology and Transformation of Knowledge in Global Age",fullTitle:"Epistemology and Transformation of Knowledge in Global Age"},signatures:"Anna-Mari Almila and David Inglis",authors:[{id:"202010",title:"Prof.",name:"David",middleName:null,surname:"Inglis",slug:"david-inglis",fullName:"David Inglis"},{id:"202118",title:"Dr.",name:"Anna-Mari",middleName:null,surname:"Almila",slug:"anna-mari-almila",fullName:"Anna-Mari Almila"}]},{id:"55680",doi:"10.5772/intechopen.68613",title:"The Post‐Modern Transcendental of Language in Science and Philosophy",slug:"the-post-modern-transcendental-of-language-in-science-and-philosophy",totalDownloads:1579,totalCrossrefCites:0,totalDimensionsCites:1,abstract:"In this chapter I discuss the deep mutations occurring today in our society and in our culture, the natural and mathematical sciences included, from the standpoint of the “transcendental of language”, and of the primacy of language over knowledge. That is, from the standpoint of the “completion of the linguistic turn” in the foundations of logic and mathematics using Peirce’s algebra of relations. This evolved during the last century till the development of the Category Theory as universal language for mathematics, in many senses wider than set theory. Therefore, starting from the fundamental M. Stone’s representation theorem for Boolean algebras, computer scientists developed a coalgebraic first-order semantics defined on Stone’s spaces, for Boolean algebras, till arriving to the definition of a non-Turing paradigm of coalgebraic universality in computation. Independently, theoretical physicists developed a coalgebraic modelling of dissipative quantum systems in quantum field theory, interpreted as a thermo-field dynamics. The deep connection between these two coalgebraic constructions is the fact that the topologies of Stone spaces in computer science are the same of the C*-algebras of quantum physics. 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Question one searches for answering: nowadays, in global age, why is a thinker like John Locke still so important in order to support reflections about epistemological, political, religious and educational questions? Kind of research reported is a theoretical approach. Discourse development has followed these steps: first, considerations about his theory of knowledge; second, approaches concerning his political theory; third, reflections under his ideas on religion; fourth, discussions concerning his thoughts over education. Results of this inquiry: he is one of the most eminent theorists of experience and it is essential to build knowledge; therefore, his thought must not be neglected; he is also very important to reflect about natural rights of mankind, which must be granted by Commonwealth; his ideas over toleration, which reinforce distinction between Church and Commonwealth, are still useful to think about how to deal with several religious beliefs and political opinions; his educational thought outlines that education is a psychophysical process that must equally treat both body and soul. Then, he must be recommended and also revisited in order to think about present global age.",book:{id:"5924",slug:"epistemology-and-transformation-of-knowledge-in-global-age",title:"Epistemology and Transformation of Knowledge in Global Age",fullTitle:"Epistemology and Transformation of Knowledge in Global Age"},signatures:"Gustavo Araújo Batista",authors:[{id:"200338",title:"Ph.D.",name:"Gustavo",middleName:"Araújo",surname:"Batista",slug:"gustavo-batista",fullName:"Gustavo Batista"}]},{id:"55176",doi:"10.5772/intechopen.68624",title:"Post-industrial Virtue Epistemology on Globalized Games and Robotics",slug:"post-industrial-virtue-epistemology-on-globalized-games-and-robotics",totalDownloads:1262,totalCrossrefCites:0,totalDimensionsCites:0,abstract:"With the development of personalized and globalized technologies, a discussion regarding how and why virtue epistemology should be an essential part of post-industrial ethical analysis on augmented technologies and use of robotics in the global age becomes crucial. These globalized technologies in the form of either game apps (i.e., Pokémon Go) or robotics like drones become through the Internet multimedia a structural part of planetary digitalization. While this development takes place, traditional virtue epistemology responds insufficiently to the devitalization of knowledge regarding manners (savoir vivre) and ways (savoir faire) of practicing and the need to respond to the sudden expansion of augmented games and drone use with personal and social intellect, responsibility, and consequently safety. The chapter intends to discuss this analysis in order to argue that a postindustrial epistemic reconfiguration of digital ethics is necessary, since augmented reality games and robotics are taking the form of massive trends for adults and nonadults, while for the first time, digital gaming and robot entertainment exceed the limits of the personal space and the virtual mode of the screen, moving out into the public realm, where reality is mixed with virtuality and human environment with unmanned robots.",book:{id:"5924",slug:"epistemology-and-transformation-of-knowledge-in-global-age",title:"Epistemology and Transformation of Knowledge in Global Age",fullTitle:"Epistemology and Transformation of Knowledge in Global Age"},signatures:"Theodore Kabouridis",authors:[{id:"200390",title:"Dr.",name:"Theodore",middleName:null,surname:"Kabouridis",slug:"theodore-kabouridis",fullName:"Theodore Kabouridis"}]},{id:"55786",doi:"10.5772/intechopen.69322",title:"Theoretical-Epistemological Perspectives of Knowledge in the Global Era: A Conceptual Proposal",slug:"theoretical-epistemological-perspectives-of-knowledge-in-the-global-era-a-conceptual-proposal",totalDownloads:1308,totalCrossrefCites:0,totalDimensionsCites:0,abstract:"It deals with the perspectives of knowledge in the global era. It indicates as a starting point in the following question: how is it possible to represent knowledge in a theoretical-conceptual character in the global era considering the construction of knowledge in networked society, as well as the relations between knowledge of knowledge and other terminologies? It aims to investigate the main fundamentals and characteristics of knowledge in the global era, representing the multiple conceptual relations in the social, valuing, procedural, technical, and psychic context, aiming at the reflection and construction of an integrated concept on knowledge. It concludes that each typology of knowledge presents a concept, and the junction of concepts institutes a general concept about knowledge.",book:{id:"5924",slug:"epistemology-and-transformation-of-knowledge-in-global-age",title:"Epistemology and Transformation of Knowledge in Global Age",fullTitle:"Epistemology and Transformation of Knowledge in Global Age"},signatures:"Jonathas Luiz Carvalho Silva, Maria Cleide Rodrigues Bernardino\nand Henriette Ferreira Gomes",authors:[{id:"201171",title:"Dr.",name:"Jonathas Carvalho",middleName:null,surname:"Silva",slug:"jonathas-carvalho-silva",fullName:"Jonathas Carvalho Silva"}]}],mostDownloadedChaptersLast30Days:[{id:"56390",title:"Introductory Chapter: Sociology of Knowledge and Epistemological Paradox of Globalization",slug:"introductory-chapter-sociology-of-knowledge-and-epistemological-paradox-of-globalization",totalDownloads:1811,totalCrossrefCites:0,totalDimensionsCites:0,abstract:null,book:{id:"5924",slug:"epistemology-and-transformation-of-knowledge-in-global-age",title:"Epistemology and Transformation of Knowledge in Global Age",fullTitle:"Epistemology and Transformation of Knowledge in Global Age"},signatures:"Zlatan Delić",authors:[{id:"31746",title:"Dr.",name:"Zlatan",middleName:null,surname:"Delic",slug:"zlatan-delic",fullName:"Zlatan Delic"}]},{id:"55786",title:"Theoretical-Epistemological Perspectives of Knowledge in the Global Era: A Conceptual Proposal",slug:"theoretical-epistemological-perspectives-of-knowledge-in-the-global-era-a-conceptual-proposal",totalDownloads:1308,totalCrossrefCites:0,totalDimensionsCites:0,abstract:"It deals with the perspectives of knowledge in the global era. 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The Pythagoreans shifted this discipline to the ideal, intelligible world—the “Pythagorean paradise”—where it remains to this day. However, there have been doubts as to whether some of the more peculiar mathematical concepts (irrational numbers, zero, negative numbers, infinity…) also belong to this “Paradise”. Within Theo-Platonism of the fourth century, the Christian God legitimised the concept of infinity. God then acted as guarantor for the existence of infinity even in the nineteenth and twentieth centuries. Later, however, God was played down with explicit references to Him having been eliminated. He remained hidden, as it were, in the “supernatural axioms” of set theory. Attempts to “excommunicate” Him consistently from the foundation of mathematics had only a negligible impact on the mathematics itself. Was it due to the fact that those formal foundations of mathematics (the set theory) are not the true foundations, with the actual basis being in mathematical practice?",book:{id:"5924",slug:"epistemology-and-transformation-of-knowledge-in-global-age",title:"Epistemology and Transformation of Knowledge in Global Age",fullTitle:"Epistemology and Transformation of Knowledge in Global Age"},signatures:"Peter Zamarovský",authors:[{id:"199806",title:"Dr.",name:"Peter",middleName:null,surname:"Zamarovský",slug:"peter-zamarovsky",fullName:"Peter Zamarovský"}]}],onlineFirstChaptersFilter:{topicId:"1332",limit:6,offset:0},onlineFirstChaptersCollection:[],onlineFirstChaptersTotal:0},preDownload:{success:null,errors:{}},subscriptionForm:{success:null,errors:{}},aboutIntechopen:{},privacyPolicy:{},peerReviewing:{},howOpenAccessPublishingWithIntechopenWorks:{},sponsorshipBooks:{sponsorshipBooks:[],offset:0,limit:8,total:null},allSeries:{pteSeriesList:[{id:"14",title:"Artificial Intelligence",numberOfPublishedBooks:9,numberOfPublishedChapters:87,numberOfOpenTopics:6,numberOfUpcomingTopics:0,issn:"2633-1403",doi:"10.5772/intechopen.79920",isOpenForSubmission:!0},{id:"7",title:"Biomedical Engineering",numberOfPublishedBooks:12,numberOfPublishedChapters:98,numberOfOpenTopics:3,numberOfUpcomingTopics:0,issn:"2631-5343",doi:"10.5772/intechopen.71985",isOpenForSubmission:!0}],lsSeriesList:[{id:"11",title:"Biochemistry",numberOfPublishedBooks:27,numberOfPublishedChapters:288,numberOfOpenTopics:4,numberOfUpcomingTopics:0,issn:"2632-0983",doi:"10.5772/intechopen.72877",isOpenForSubmission:!0},{id:"25",title:"Environmental Sciences",numberOfPublishedBooks:1,numberOfPublishedChapters:9,numberOfOpenTopics:4,numberOfUpcomingTopics:0,issn:"2754-6713",doi:"10.5772/intechopen.100362",isOpenForSubmission:!0},{id:"10",title:"Physiology",numberOfPublishedBooks:11,numberOfPublishedChapters:139,numberOfOpenTopics:4,numberOfUpcomingTopics:0,issn:"2631-8261",doi:"10.5772/intechopen.72796",isOpenForSubmission:!0}],hsSeriesList:[{id:"3",title:"Dentistry",numberOfPublishedBooks:8,numberOfPublishedChapters:129,numberOfOpenTopics:0,numberOfUpcomingTopics:2,issn:"2631-6218",doi:"10.5772/intechopen.71199",isOpenForSubmission:!1},{id:"6",title:"Infectious Diseases",numberOfPublishedBooks:13,numberOfPublishedChapters:107,numberOfOpenTopics:3,numberOfUpcomingTopics:1,issn:"2631-6188",doi:"10.5772/intechopen.71852",isOpenForSubmission:!0},{id:"13",title:"Veterinary Medicine and Science",numberOfPublishedBooks:10,numberOfPublishedChapters:103,numberOfOpenTopics:3,numberOfUpcomingTopics:0,issn:"2632-0517",doi:"10.5772/intechopen.73681",isOpenForSubmission:!0}],sshSeriesList:[{id:"22",title:"Business, Management and Economics",numberOfPublishedBooks:1,numberOfPublishedChapters:12,numberOfOpenTopics:2,numberOfUpcomingTopics:1,issn:"2753-894X",doi:"10.5772/intechopen.100359",isOpenForSubmission:!0},{id:"23",title:"Education and Human Development",numberOfPublishedBooks:0,numberOfPublishedChapters:0,numberOfOpenTopics:2,numberOfUpcomingTopics:0,issn:null,doi:"10.5772/intechopen.100360",isOpenForSubmission:!1},{id:"24",title:"Sustainable Development",numberOfPublishedBooks:0,numberOfPublishedChapters:11,numberOfOpenTopics:4,numberOfUpcomingTopics:1,issn:null,doi:"10.5772/intechopen.100361",isOpenForSubmission:!0}],testimonialsList:[{id:"6",text:"It is great to work with the IntechOpen to produce a worthwhile collection of research that also becomes a great educational resource and guide for future research endeavors.",author:{id:"259298",name:"Edward",surname:"Narayan",institutionString:null,profilePictureURL:"https://mts.intechopen.com/storage/users/259298/images/system/259298.jpeg",slug:"edward-narayan",institution:{id:"3",name:"University of Queensland",country:{id:null,name:"Australia"}}}},{id:"13",text:"The collaboration with and support of the technical staff of IntechOpen is fantastic. 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He is currently a professor at the Institute of Biomaterials and Bioengineering (IBB), Tokyo Medical and Dental University (TMDU). From 2010 to 2012, he was the dean of the Graduate School of Biomedical Science. Since 2012, he has served as the vice dean of the Graduate School of Medical and Dental Sciences. He has been the director of the IBB since 2020. Dr. Kagechika’s major research interests are the medicinal chemistry of retinoids, vitamins D/K, and nuclear receptors. 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He also serves as a Publons Academy mentor and Bentham brand ambassador.",institutionString:"Punjab Technical University",institution:{name:"Punjab Technical University",country:{name:"India"}}},{id:"142388",title:"Dr.",name:"Thiago",middleName:"Gomes",surname:"Gomes Heck",slug:"thiago-gomes-heck",fullName:"Thiago Gomes Heck",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/142388/images/7259_n.jpg",biography:null,institutionString:null,institution:{name:"Universidade Regional do Noroeste do Estado do Rio Grande do Sul",country:{name:"Brazil"}}},{id:"336273",title:"Assistant Prof.",name:"Janja",middleName:null,surname:"Zupan",slug:"janja-zupan",fullName:"Janja Zupan",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/336273/images/14853_n.jpeg",biography:"Janja Zupan graduated in 2005 at the Department of Clinical Biochemistry (superviser prof. dr. Janja Marc) in the field of genetics of osteoporosis. Since November 2009 she is working as a Teaching Assistant at the Faculty of Pharmacy, Department of Clinical Biochemistry. In 2011 she completed part of her research and PhD work at Institute of Genetics and Molecular Medicine, University of Edinburgh. She finished her PhD entitled The influence of the proinflammatory cytokines on the RANK/RANKL/OPG in bone tissue of osteoporotic and osteoarthritic patients in 2012. From 2014-2016 she worked at the Institute of Biomedical Sciences, University of Aberdeen as a postdoctoral research fellow on UK Arthritis research project where she gained knowledge in mesenchymal stem cells and regenerative medicine. She returned back to University of Ljubljana, Faculty of Pharmacy in 2016. She is currently leading project entitled Mesenchymal stem cells-the keepers of tissue endogenous regenerative capacity facing up to aging of the musculoskeletal system funded by Slovenian Research Agency.",institutionString:null,institution:{name:"University of Ljubljana",country:{name:"Slovenia"}}},{id:"357453",title:"Dr.",name:"Radheshyam",middleName:null,surname:"Maurya",slug:"radheshyam-maurya",fullName:"Radheshyam Maurya",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/357453/images/16535_n.jpg",biography:null,institutionString:null,institution:{name:"University of Hyderabad",country:{name:"India"}}},{id:"311457",title:"Dr.",name:"Júlia",middleName:null,surname:"Scherer Santos",slug:"julia-scherer-santos",fullName:"Júlia Scherer Santos",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/311457/images/system/311457.jpg",biography:"Dr. Júlia Scherer Santos works in the areas of cosmetology, nanotechnology, pharmaceutical technology, beauty, and aesthetics. Dr. Santos also has experience as a professor of graduate courses. Graduated in Pharmacy, specialization in Cosmetology and Cosmeceuticals applied to aesthetics, specialization in Aesthetic and Cosmetic Health, and a doctorate in Pharmaceutical Nanotechnology. Teaching experience in Pharmacy and Aesthetics and Cosmetics courses. She works mainly on the following subjects: nanotechnology, cosmetology, pharmaceutical technology, aesthetics.",institutionString:"Universidade Federal de Juiz de Fora",institution:{name:"Universidade Federal de Juiz de Fora",country:{name:"Brazil"}}},{id:"219081",title:"Dr.",name:"Abdulsamed",middleName:null,surname:"Kükürt",slug:"abdulsamed-kukurt",fullName:"Abdulsamed Kükürt",position:null,profilePictureURL:"https://s3.us-east-1.amazonaws.com/intech-files/0030O00002bRNVJQA4/Profile_Picture_2022-03-07T13:23:04.png",biography:"Dr. Kükürt graduated from Uludağ University in Turkey. He started his academic career as a Research Assistant in the Department of Biochemistry at Kafkas University. In 2019, he completed his Ph.D. program in the Department of Biochemistry at the Institute of Health Sciences. He is currently working at the Department of Biochemistry, Kafkas University. He has 27 published research articles in academic journals, 11 book chapters, and 37 papers. He took part in 10 academic projects. He served as a reviewer for many articles. He still serves as a member of the review board in many academic journals.",institutionString:null,institution:{name:"Kafkas University",country:{name:"Turkey"}}},{id:"178366",title:"Associate Prof.",name:"Volkan",middleName:null,surname:"Gelen",slug:"volkan-gelen",fullName:"Volkan Gelen",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/178366/images/system/178366.jpg",biography:"Volkan Gelen is a Physiology specialist who received his veterinary degree from Kafkas University in 2011. Between 2011-2015, he worked as an assistant at Atatürk University, Faculty of Veterinary Medicine, Department of Physiology. In 2016, he joined Kafkas University, Faculty of Veterinary Medicine, Department of Physiology as an assistant professor. Dr. Gelen has been engaged in various academic activities at Kafkas University since 2016. There he completed 5 projects and has 3 ongoing projects. He has 60 articles published in scientific journals and 20 poster presentations in scientific congresses. His research interests include physiology, endocrine system, cancer, diabetes, cardiovascular system diseases, and isolated organ bath system studies.",institutionString:"Kafkas University",institution:{name:"Kafkas University",country:{name:"Turkey"}}},{id:"418963",title:"Dr.",name:"Augustine Ododo",middleName:"Augustine",surname:"Osagie",slug:"augustine-ododo-osagie",fullName:"Augustine Ododo Osagie",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/418963/images/16900_n.jpg",biography:"Born into the family of Osagie, a prince of the Benin Kingdom. I am currently an academic in the Department of Medical Biochemistry, University of Benin. Part of the duties are to teach undergraduate students and conduct academic research.",institutionString:null,institution:{name:"University of Benin",country:{name:"Nigeria"}}},{id:"192992",title:"Prof.",name:"Shagufta",middleName:null,surname:"Perveen",slug:"shagufta-perveen",fullName:"Shagufta Perveen",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/192992/images/system/192992.png",biography:"Prof. Shagufta Perveen is a Distinguish Professor in the Department of Pharmacognosy, College of Pharmacy, King Saud University, Riyadh, Saudi Arabia. Dr. Perveen has acted as the principal investigator of major research projects funded by the research unit of King Saud University. She has more than ninety original research papers in peer-reviewed journals of international repute to her credit. She is a fellow member of the Royal Society of Chemistry UK and the American Chemical Society of the United States.",institutionString:"King Saud University",institution:{name:"King Saud University",country:{name:"Saudi Arabia"}}},{id:"49848",title:"Dr.",name:"Wen-Long",middleName:null,surname:"Hu",slug:"wen-long-hu",fullName:"Wen-Long Hu",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/49848/images/system/49848.jpg",biography:"Wen-Long Hu is Chief of the Division of Acupuncture, Department of Chinese Medicine at Kaohsiung Chang Gung Memorial Hospital, as well as an adjunct associate professor at Fooyin University and Kaohsiung Medical University. Wen-Long is President of Taiwan Traditional Chinese Medicine Medical Association. He has 28 years of experience in clinical practice in laser acupuncture therapy and 34 years in acupuncture. He is an invited speaker for lectures and workshops in laser acupuncture at many symposiums held by medical associations. He owns the patent for herbal preparation and producing, and for the supercritical fluid-treated needle. Dr. Hu has published three books, 12 book chapters, and more than 30 papers in reputed journals, besides serving as an editorial board member of repute.",institutionString:"Kaohsiung Chang Gung Memorial Hospital",institution:{name:"Kaohsiung Chang Gung Memorial Hospital",country:{name:"Taiwan"}}},{id:"298472",title:"Prof.",name:"Andrey V.",middleName:null,surname:"Grechko",slug:"andrey-v.-grechko",fullName:"Andrey V. Grechko",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/298472/images/system/298472.png",biography:"Andrey Vyacheslavovich Grechko, Ph.D., Professor, is a Corresponding Member of the Russian Academy of Sciences. He graduated from the Semashko Moscow Medical Institute (Semashko National Research Institute of Public Health) with a degree in Medicine (1998), the Clinical Department of Dermatovenerology (2000), and received a second higher education in Psychology (2009). Professor A.V. Grechko held the position of Сhief Physician of the Central Clinical Hospital in Moscow. He worked as a professor at the faculty and was engaged in scientific research at the Medical University. Starting in 2013, he has been the initiator of the creation of the Federal Scientific and Clinical Center for Intensive Care and Rehabilitology, Moscow, Russian Federation, where he also serves as Director since 2015. He has many years of experience in research and teaching in various fields of medicine, is an author/co-author of more than 200 scientific publications, 13 patents, 15 medical books/chapters, including Chapter in Book «Metabolomics», IntechOpen, 2020 «Metabolomic Discovery of Microbiota Dysfunction as the Cause of Pathology».",institutionString:"Federal Research and Clinical Center of Intensive Care Medicine and Rehabilitology",institution:null},{id:"199461",title:"Prof.",name:"Natalia V.",middleName:null,surname:"Beloborodova",slug:"natalia-v.-beloborodova",fullName:"Natalia V. Beloborodova",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/199461/images/system/199461.jpg",biography:'Natalia Vladimirovna Beloborodova was educated at the Pirogov Russian National Research Medical University, with a degree in pediatrics in 1980, a Ph.D. in 1987, and a specialization in Clinical Microbiology from First Moscow State Medical University in 2004. She has been a Professor since 1996. Currently, she is the Head of the Laboratory of Metabolism, a division of the Federal Research and Clinical Center of Intensive Care Medicine and Rehabilitology, Moscow, Russian Federation. N.V. Beloborodova has many years of clinical experience in the field of intensive care and surgery. She studies infectious complications and sepsis. She initiated a series of interdisciplinary clinical and experimental studies based on the concept of integrating human metabolism and its microbiota. Her scientific achievements are widely known: she is the recipient of the Marie E. Coates Award \\"Best lecturer-scientist\\" Gustafsson Fund, Karolinska Institutes, Stockholm, Sweden, and the International Sepsis Forum Award, Pasteur Institute, Paris, France (2014), etc. Professor N.V. Beloborodova wrote 210 papers, five books, 10 chapters and has edited four books.',institutionString:"Federal Research and Clinical Center of Intensive Care Medicine and Rehabilitology",institution:null},{id:"354260",title:"Ph.D.",name:"Tércio Elyan",middleName:"Azevedo",surname:"Azevedo Martins",slug:"tercio-elyan-azevedo-martins",fullName:"Tércio Elyan Azevedo Martins",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/354260/images/16241_n.jpg",biography:"Graduated in Pharmacy from the Federal University of Ceará with the modality in Industrial Pharmacy, Specialist in Production and Control of Medicines from the University of São Paulo (USP), Master in Pharmaceuticals and Medicines from the University of São Paulo (USP) and Doctor of Science in the program of Pharmaceuticals and Medicines by the University of São Paulo. Professor at Universidade Paulista (UNIP) in the areas of chemistry, cosmetology and trichology. Assistant Coordinator of the Higher Course in Aesthetic and Cosmetic Technology at Universidade Paulista Campus Chácara Santo Antônio. Experience in the Pharmacy area, with emphasis on Pharmacotechnics, Pharmaceutical Technology, Research and Development of Cosmetics, acting mainly on topics such as cosmetology, antioxidant activity, aesthetics, photoprotection, cyclodextrin and thermal analysis.",institutionString:null,institution:{name:"University of Sao Paulo",country:{name:"Brazil"}}},{id:"334285",title:"Ph.D. Student",name:"Sameer",middleName:"Kumar",surname:"Jagirdar",slug:"sameer-jagirdar",fullName:"Sameer Jagirdar",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/334285/images/14691_n.jpg",biography:"I\\'m a graduate student at the center for biosystems science and engineering at the Indian Institute of Science, Bangalore, India. I am interested in studying host-pathogen interactions at the biomaterial interface.",institutionString:null,institution:{name:"Indian Institute of Science Bangalore",country:{name:"India"}}},{id:"329795",title:"Dr.",name:"Mohd Aftab",middleName:"Aftab",surname:"Siddiqui",slug:"mohd-aftab-siddiqui",fullName:"Mohd Aftab Siddiqui",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/329795/images/15648_n.jpg",biography:"Dr. Mohd Aftab Siddiqui is currently working as Assistant Professor in the Faculty of Pharmacy, Integral University, Lucknow for the last 6 years. He has completed his Doctor in Philosophy (Pharmacology) in 2020 from Integral University, Lucknow. He completed his Bachelor in Pharmacy in 2013 and Master in Pharmacy (Pharmacology) in 2015 from Integral University, Lucknow. He is the gold medalist in Bachelor and Master degree. He qualified GPAT -2013, GPAT -2014, and GPAT 2015. His area of research is Pharmacological screening of herbal drugs/ natural products in liver and cardiac diseases. He has guided many M. Pharm. research projects. He has many national and international publications.",institutionString:"Integral University",institution:null},{id:"255360",title:"Dr.",name:"Usama",middleName:null,surname:"Ahmad",slug:"usama-ahmad",fullName:"Usama Ahmad",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/255360/images/system/255360.png",biography:"Dr. Usama Ahmad holds a specialization in Pharmaceutics from Amity University, Lucknow, India. He received his Ph.D. degree from Integral University. Currently, he’s working as an Assistant Professor of Pharmaceutics in the Faculty of Pharmacy, Integral University. From 2013 to 2014 he worked on a research project funded by SERB-DST, Government of India. He has a rich publication record with more than 32 original articles published in reputed journals, 3 edited books, 5 book chapters, and a number of scientific articles published in ‘Ingredients South Asia Magazine’ and ‘QualPharma Magazine’. He is a member of the American Association for Cancer Research, International Association for the Study of Lung Cancer, and the British Society for Nanomedicine. Dr. Ahmad’s research focus is on the development of nanoformulations to facilitate the delivery of drugs that aim to provide practical solutions to current healthcare problems.",institutionString:"Integral University",institution:{name:"Integral University",country:{name:"India"}}},{id:"30568",title:"Prof.",name:"Madhu",middleName:null,surname:"Khullar",slug:"madhu-khullar",fullName:"Madhu Khullar",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/30568/images/system/30568.jpg",biography:"Dr. Madhu Khullar is a Professor of Experimental Medicine and Biotechnology at the Post Graduate Institute of Medical Education and Research, Chandigarh, India. She completed her Post Doctorate in hypertension research at the Henry Ford Hospital, Detroit, USA in 1985. She is an editor and reviewer of several international journals, and a fellow and member of several cardiovascular research societies. Dr. Khullar has a keen research interest in genetics of hypertension, and is currently studying pharmacogenetics of hypertension.",institutionString:"Post Graduate Institute of Medical Education and Research",institution:{name:"Post Graduate Institute of Medical Education and Research",country:{name:"India"}}},{id:"223233",title:"Prof.",name:"Xianquan",middleName:null,surname:"Zhan",slug:"xianquan-zhan",fullName:"Xianquan Zhan",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/223233/images/system/223233.png",biography:"Xianquan Zhan received his MD and Ph.D. in Preventive Medicine at West China University of Medical Sciences. He received his post-doctoral training in oncology and cancer proteomics at the Central South University, China, and the University of Tennessee Health Science Center (UTHSC), USA. He worked at UTHSC and the Cleveland Clinic in 2001–2012 and achieved the rank of associate professor at UTHSC. Currently, he is a full professor at Central South University and Shandong First Medical University, and an advisor to MS/PhD students and postdoctoral fellows. He is also a fellow of the Royal Society of Medicine and European Association for Predictive Preventive Personalized Medicine (EPMA), a national representative of EPMA, and a member of the American Society of Clinical Oncology (ASCO) and the American Association for the Advancement of Sciences (AAAS). He is also the editor in chief of International Journal of Chronic Diseases & Therapy, an associate editor of EPMA Journal, Frontiers in Endocrinology, and BMC Medical Genomics, and a guest editor of Mass Spectrometry Reviews, Frontiers in Endocrinology, EPMA Journal, and Oxidative Medicine and Cellular Longevity. He has published more than 148 articles, 28 book chapters, 6 books, and 2 US patents in the field of clinical proteomics and biomarkers.",institutionString:"Shandong First Medical University",institution:{name:"Affiliated Hospital of Shandong Academy of Medical Sciences",country:{name:"China"}}},{id:"297507",title:"Dr.",name:"Charles",middleName:"Elias",surname:"Assmann",slug:"charles-assmann",fullName:"Charles Assmann",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/297507/images/system/297507.jpg",biography:"Charles Elias Assmann is a biologist from Federal University of Santa Maria (UFSM, Brazil), who spent some time abroad at the Ludwig-Maximilians-Universität München (LMU, Germany). He has Masters Degree in Biochemistry (UFSM), and is currently a PhD student at Biochemistry at the Department of Biochemistry and Molecular Biology of the UFSM. His areas of expertise include: Biochemistry, Molecular Biology, Enzymology, Genetics and Toxicology. He is currently working on the following subjects: Aluminium toxicity, Neuroinflammation, Oxidative stress and Purinergic system. Since 2011 he has presented more than 80 abstracts in scientific proceedings of national and international meetings. Since 2014, he has published more than 20 peer reviewed papers (including 4 reviews, 3 in Portuguese) and 2 book chapters. He has also been a reviewer of international journals and ad hoc reviewer of scientific committees from Brazilian Universities.",institutionString:"Universidade Federal de Santa Maria",institution:{name:"Universidade Federal de Santa Maria",country:{name:"Brazil"}}},{id:"217850",title:"Dr.",name:"Margarete Dulce",middleName:null,surname:"Bagatini",slug:"margarete-dulce-bagatini",fullName:"Margarete Dulce Bagatini",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/217850/images/system/217850.jpeg",biography:"Dr. Margarete Dulce Bagatini is an associate professor at the Federal University of Fronteira Sul/Brazil. She has a degree in Pharmacy and a PhD in Biological Sciences: Toxicological Biochemistry. She is a member of the UFFS Research Advisory Committee\nand a member of the Biovitta Research Institute. She is currently:\nthe leader of the research group: Biological and Clinical Studies\nin Human Pathologies, professor of postgraduate program in\nBiochemistry at UFSC and postgraduate program in Science and Food Technology at\nUFFS. She has experience in the area of pharmacy and clinical analysis, acting mainly\non the following topics: oxidative stress, the purinergic system and human pathologies, being a reviewer of several international journals and books.",institutionString:"Universidade Federal da Fronteira Sul",institution:{name:"Universidade Federal da Fronteira Sul",country:{name:"Brazil"}}},{id:"226275",title:"Ph.D.",name:"Metin",middleName:null,surname:"Budak",slug:"metin-budak",fullName:"Metin Budak",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/226275/images/system/226275.jfif",biography:"Metin Budak, MSc, PhD is an Assistant Professor at Trakya University, Faculty of Medicine. He has been Head of the Molecular Research Lab at Prof. Mirko Tos Ear and Hearing Research Center since 2018. His specializations are biophysics, epigenetics, genetics, and methylation mechanisms. He has published around 25 peer-reviewed papers, 2 book chapters, and 28 abstracts. He is a member of the Clinical Research Ethics Committee and Quantification and Consideration Committee of Medicine Faculty. His research area is the role of methylation during gene transcription, chromatin packages DNA within the cell and DNA repair, replication, recombination, and gene transcription. His research focuses on how the cell overcomes chromatin structure and methylation to allow access to the underlying DNA and enable normal cellular function.",institutionString:"Trakya University",institution:{name:"Trakya University",country:{name:"Turkey"}}},{id:"243049",title:"Dr.",name:"Anca",middleName:null,surname:"Pantea Stoian",slug:"anca-pantea-stoian",fullName:"Anca Pantea Stoian",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/243049/images/system/243049.jpg",biography:"Anca Pantea Stoian is a specialist in diabetes, nutrition, and metabolic diseases as well as health food hygiene. She also has competency in general ultrasonography.\n\nShe is an associate professor in the Diabetes, Nutrition and Metabolic Diseases Department, Carol Davila University of Medicine and Pharmacy, Bucharest, Romania. She has been chief of the Hygiene Department, Faculty of Dentistry, at the same university since 2019. Her interests include micro and macrovascular complications in diabetes and new therapies. Her research activities focus on nutritional intervention in chronic pathology, as well as cardio-renal-metabolic risk assessment, and diabetes in cancer. She is currently engaged in developing new therapies and technological tools for screening, prevention, and patient education in diabetes. \n\nShe is a member of the European Association for the Study of Diabetes, Cardiometabolic Academy, CEDA, Romanian Society of Diabetes, Nutrition and Metabolic Diseases, Romanian Diabetes Federation, and Association for Renal Metabolic and Nutrition studies. She has authored or co-authored 160 papers in national and international peer-reviewed journals.",institutionString:null,institution:{name:"Carol Davila University of Medicine and Pharmacy",country:{name:"Romania"}}},{id:"279792",title:"Dr.",name:"João",middleName:null,surname:"Cotas",slug:"joao-cotas",fullName:"João Cotas",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/279792/images/system/279792.jpg",biography:"Graduate and master in Biology from the University of Coimbra.\n\nI am a research fellow at the Macroalgae Laboratory Unit, in the MARE-UC – Marine and Environmental Sciences Centre of the University of Coimbra. My principal function is the collection, extraction and purification of macroalgae compounds, chemical and bioactive characterization of the compounds and algae extracts and development of new methodologies in marine biotechnology area. \nI am associated in two projects: one consists on discovery of natural compounds for oncobiology. The other project is the about the natural compounds/products for agricultural area.\n\nPublications:\nCotas, J.; Figueirinha, A.; Pereira, L.; Batista, T. 2018. An analysis of the effects of salinity on Fucus ceranoides (Ochrophyta, Phaeophyceae), in the Mondego River (Portugal). Journal of Oceanology and Limnology. in press. DOI: 10.1007/s00343-019-8111-3",institutionString:"Faculty of Sciences and Technology of University of Coimbra",institution:null},{id:"279788",title:"Dr.",name:"Leonel",middleName:null,surname:"Pereira",slug:"leonel-pereira",fullName:"Leonel Pereira",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/279788/images/system/279788.jpg",biography:"Leonel Pereira has an undergraduate degree in Biology, a Ph.D. in Biology (specialty in Cell Biology), and a Habilitation degree in Biosciences (specialization in Biotechnology) from the Faculty of Science and Technology, University of Coimbra, Portugal, where he is currently a professor. In addition to teaching at this university, he is an integrated researcher at the Marine and Environmental Sciences Center (MARE), Portugal. His interests include marine biodiversity (algae), marine biotechnology (algae bioactive compounds), and marine ecology (environmental assessment). Since 2008, he has been the author and editor of the electronic publication MACOI – Portuguese Seaweeds Website (www.seaweeds.uc.pt). He is also a member of the editorial boards of several scientific journals. Dr. Pereira has edited or authored more than 20 books, 100 journal articles, and 45 book chapters. He has given more than 100 lectures and oral communications at various national and international scientific events. He is the coordinator of several national and international research projects. In 1998, he received the Francisco de Holanda Award (Honorable Mention) and, more recently, the Mar Rei D. Carlos award (18th edition). He is also a winner of the 2016 CHOICE Award for an outstanding academic title for his book Edible Seaweeds of the World. In 2020, Dr. Pereira received an Honorable Mention for the Impact of International Publications from the Web of Science",institutionString:"University of Coimbra",institution:{name:"University of Coimbra",country:{name:"Portugal"}}},{id:"61946",title:"Dr.",name:"Carol",middleName:null,surname:"Bernstein",slug:"carol-bernstein",fullName:"Carol Bernstein",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/61946/images/system/61946.jpg",biography:"Carol Bernstein received her PhD in Genetics from the University of California (Davis). She was a faculty member at the University of Arizona College of Medicine for 43 years, retiring in 2011. Her research interests focus on DNA damage and its underlying role in sex, aging and in the early steps of initiation and progression to cancer. In her research, she had used organisms including bacteriophage T4, Neurospora crassa, Schizosaccharomyces pombe and mice, as well as human cells and tissues. She authored or co-authored more than 140 scientific publications, including articles in major peer reviewed journals, book chapters, invited reviews and one book.",institutionString:"University of Arizona",institution:{name:"University of Arizona",country:{name:"United States of America"}}},{id:"182258",title:"Dr.",name:"Ademar",middleName:"Pereira",surname:"Serra",slug:"ademar-serra",fullName:"Ademar Serra",position:null,profilePictureURL:"https://mts.intechopen.com/storage/users/182258/images/system/182258.jpeg",biography:"Dr. Serra studied Agronomy on Universidade Federal de Mato Grosso do Sul (UFMS) (2005). He received master degree in Agronomy, Crop Science (Soil fertility and plant nutrition) (2007) by Universidade Federal da Grande Dourados (UFGD), and PhD in agronomy (Soil fertility and plant nutrition) (2011) from Universidade Federal da Grande Dourados / Escola Superior de Agricultura Luiz de Queiroz (UFGD/ESALQ-USP). Dr. Serra is currently working at Brazilian Agricultural Research Corporation (EMBRAPA). His research focus is on mineral nutrition of plants, crop science and soil science. Dr. Serra\\'s current projects are soil organic matter, soil phosphorus fractions, compositional nutrient diagnosis (CND) and isometric log ratio (ilr) transformation in compositional data analysis.",institutionString:"Brazilian Agricultural Research Corporation",institution:{name:"Brazilian Agricultural Research Corporation",country:{name:"Brazil"}}}]}},subseries:{item:{id:"26",type:"subseries",title:"Machine Learning and Data Mining",keywords:"Intelligent Systems, Machine Learning, Data Science, Data Mining, Artificial Intelligence",scope:"The scope of machine learning and data mining is immense and is growing every day. It has become a massive part of our daily lives, making predictions based on experience, making this a fascinating area that solves problems that otherwise would not be possible or easy to solve. This topic aims to encompass algorithms that learn from experience (supervised and unsupervised), improve their performance over time and enable machines to make data-driven decisions. It is not limited to any particular applications, but contributions are encouraged from all disciplines.",coverUrl:"https://cdn.intechopen.com/series_topics/covers/26.jpg",hasOnlineFirst:!0,hasPublishedBooks:!0,annualVolume:11422,editor:{id:"24555",title:"Dr.",name:"Marco Antonio",middleName:null,surname:"Aceves Fernandez",slug:"marco-antonio-aceves-fernandez",fullName:"Marco Antonio Aceves Fernandez",profilePictureURL:"https://mts.intechopen.com/storage/users/24555/images/system/24555.jpg",biography:"Dr. Marco Antonio Aceves Fernandez obtained his B.Sc. (Eng.) in Telematics from the Universidad de Colima, Mexico. He obtained both his M.Sc. and Ph.D. from the University of Liverpool, England, in the field of Intelligent Systems. He is a full professor at the Universidad Autonoma de Queretaro, Mexico, and a member of the National System of Researchers (SNI) since 2009. Dr. Aceves Fernandez has published more than 80 research papers as well as a number of book chapters and congress papers. He has contributed in more than 20 funded research projects, both academic and industrial, in the area of artificial intelligence, ranging from environmental, biomedical, automotive, aviation, consumer, and robotics to other applications. He is also a honorary president at the National Association of Embedded Systems (AMESE), a senior member of the IEEE, and a board member of many institutions. 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