Mathematician wins â¹4.6 crore prize for work on wavelets
French mathematician Yves Meyer has been awarded the 2017 Abel Prize for his work on wavelets (small waves or ripples), a mathematical theory with applications in data compression, medical imaging and gravitational waves' detection. Meyer will be presented with â¹4.6 crore cash prize from the Norwegian King at an award ceremony in the capital city of Oslo on May 23.