Atomic-scale confinement of optical fields

In the presence of matter there is no fundamental limit preventing confinement of visible light even down to atomic scales. Achieving such confinement and the corresponding intensity enhancement inevitably requires simultaneous control over atomic-scale details of material structures and over the optical modes that such structures support. By means of self-assembly we have obtained side-by-side aligned gold nanorod dimers with robust atomically-defined gaps reaching below 0.5 nm. The existence of atomically-confined light fields in these gaps is demonstrated by observing extreme Coulomb splitting of corresponding symmetric and anti-symmetric dimer eigenmodes of more than 800 meV in white-light scattering experiments. Our results open new perspectives for atomically-resolved spectroscopic imaging, deeply nonlinear optics, ultra-sensing, cavity optomechanics as well as for the realization of novel quantum-optical devices

Emerging IT risks: insights from German banking

How do German banks manage the emerging risks stemming from IT innovations such as cyber risk? With a focus on process, roles and responsibilities, field data from ten banks participating in the 2014 ECB stress test were collected by interviewing IT managers, risk managers and external experts. Current procedures for handling emerging risks in German banks were identified from the interviews and analysed, guided by the extant literature. A clear gap was found between enterprise risk management (ERM) as a general approach to risks threatening firms’ objectives and ERM’s neglect of emerging risks, such as those associated with IT innovations. The findings suggest that ERM should be extended towards the collection and sharing of knowledge to allow for an initial understanding and description of emerging risks, as opposed to the traditional ERM approach involving estimates of impact and probability. For example, as cyber risks emerge from an IT innovation, the focus may need to switch towards reducing uncertainty through knowledge acquisition. Since individual managers seldom possess all relevant knowledge of an IT innovation, various stakeholders may need to be involved to exploit their expertise

Elevational ground/air thermal gradients in the Swiss inner Alpine Valais

The dependence of air temperature on elevation (i.e., its elevational gradient) in the mountains is well known. However, the elevational gradient of near-surface ground temperatures and derived thermal parameters is much less understood. In this study, we investigated how these parameters depend on elevation by one-year temperature measurements along a transect in the Valais Alps (Switzerland) between 700 and 2,600 m a.s.l. In addition, we studied the effect of differences in slope aspect (north/south) and land cover (open field/forest). Air temperatures were measured as a reference. The results show that the ground thermal regime distinctly differs from that of the air. These differences could mainly be attributed to radiation, snow cover, and ground heat transfer. Our findings have far-reaching implications for ecosystems, agriculture, and forestry in mountains because a large portion of the living biomass is underground and thus affected by ground thermal processes