Can applying AI to genomics improve healthcare?

Biology's interdisciplinary field of genomics focuses on understanding the composition, mapping, organization, and altering of genomes. A genome is an organism's whole set of DNA, which contains every gene. In addition, there are numerous R&D initiatives, businesses in the sector, and growing genomics research data sets.

Functional Genomics - in this field, scientists try to explain how genes interact and carry out their roles. Making promoters and enhancers, identifying subcellular localization, and classifying functional activity mutations are all possible uses for machine learning.

Structural Genomics – Here, scientists investigate the characterization of genomic structures. Protein tertiary structure may be categorized by machine learning, and linkages between protein secondary structures can also be made.

Regulatory Genomics – is the study of genetic traits and expression-control mechanisms. For instance, applications of machine learning in this field include categorizing gene expression predictions, creating transcription aspects and RNA-binding proteins, or utilizing ML techniques to predict promoters and modifiers for gene expression.

Role of AI in Genomics

One of the most cutting-edge areas of genomics is AI, which simplifies data processing and deep learning to speed up research. AI systems may progressively learn about topics and create algorithms using deep learning and neural networks after being trained by analyzing volumes of human-reviewed data.

In contrast to human input, this enables AI to process a higher volume of data, improving its capacity to decipher trends and predict events. Some instances where the pattern recognition capabilities of a trained AI network may be used demonstrate the power of AI-driven genomics. To help with the diagnosis of cancer and genetic disorder diagnosis, genomic analysis systems and computer vision algorithms have been combined.

Therefore, the global ai in the genomics market will hit a $19,596.2 million value by 2030, growing at a significant CAGR from 2022 to 2030. There are several subgroups of genomics: functional genomics, structural genomics, and regulatory genomics.

Browse detailed report on AI in Genomics Market Business Strategies

Read More

Demand for Teleradiology Is Influenced by Lack of Radiologists in Several Nations

 In teleradiology, medical image processing is done by radiologists who are not physically present at the site where the images are created. Teleradiology is used by mobile imaging companies, urgent care centers, hospitals, and even some private clinics. The fundamental reason for using teleradiology is that having a radiologist on-site is expensive. Medical experts who would normally be unable to communicate with one another owing to good physical distances can work with one another because of teleradiology.

As per the Association of American Medical Colleges, by 2032, there will be around 122,000 physician shortfalls in the U. S. Teleradiology services that are growing in popularity as a result. Therefore, the teleradiology market is on the path to reaching $25,631.2 million by 2030. This is owing to the increasing count of advanced imaging procedures, rising need for nighthawk & specialty modalities, and lack of skilled radiologists.

How CT Scan Will Be in High Demand in Coming Years?

When someone may have inside wounds from car accidents or other forms of trauma, a CT scan may swiftly evaluate them and offer more thorough information. Nearly every portion of the body may be seen on a CT scan to detect disease or damage and to plan surgical or radiation treatments.

Moreover, since nearly every hospitalized COVID patient requires a CT scan, the epidemic has increased the need for them. The technique produces cross-sectional photographs of the body using computers and spinning X-ray equipment, and it is used to track the disease's progress.

Widespread Application of Teleradiology Is in Cardiology

With a revenue share of over 20%, cardiology applications lead the worldwide teleradiology market, partly as a result of the rapidly rising prevalence of CVDs. According to the WHO, 17.9 million people around the world die from CVDs each year, accounting for 32% of all death toll; strokes and heart attacks account for 85% of all CVD deaths. Additionally, as per the Centers for Disease Control and Prevention, 1 in 4 fatalities in the U.S. are caused by heart disease and around 659,000 individuals die from CVDs each year.

Hence, the growing count of advanced imaging methods and the scarcity of trained radiologists will boost the demand for teleradiology.

 

 

Read More

How did the Outbreak of COVID-19 Impact the Australia and New Zealand Water-Cooled Heat Recovery VRF Systems Market?

 The major drivers in Australia and New Zealand water-cooled heat recovery VRF systems market are heat pumps in commercial applications, coupled with a dire need for effective VRF systems. In 2021, product sales in Australia valued at $14,881.0 thousand and at $2,590.8 thousand. Additionally, revenue growth in Australia will be an 8.8% CAGR, and in New Zealand, at 6.8% CAGR in the coming years respectively. At these rates, market players could make a combined $31,739.6 thousand and $4,677.2 thousand by 2030 in Australia and New Zealand, respectively.

The surging population levels will spur the Australia and New Zealand water-cooled heat recovery VRF systems market growth. Thus, this will pave the way for the real estate industry's expansion. Moreover, this will go hand in hand with the increasing number of construction activities in these two countries. Furthermore, there was a 6.2% and 0.4% escalation in the count of dwellings approved in New Zealand and Australia, respectively, during 2017–2021. Also, these magnificent figures show the enormous growth in the construction and real estate sectors of these two countries.

Australia and New Zealand Water-Cooled Heat Recovery VRF Systems Market Revenue Estimation and Growth Forecast Report

The extensive government support will create lucrative opportunities for the Australia and New Zealand water-cooled heat recovery VRF systems market players assisting them to adapt to the existing dynamics of the circular economy. This is accompanied by a rising inclination toward green buildings. Furthermore, this will result in skyrocketing demand for VRF systems in these countries because it is an all-in-one device: providing complete air conditioning, ventilation, and heating solutions for the building. New Zealand aims for completely carbon-free newly constructed buildings by 2030.

 

The outbreak of COVID-19 had ruptured the entire circular economy, and the Australia and New Zealand water-cooled heat recovery VRF systems market was not an exception. It reduced the manufacturing activities, lowering the water-cooled heat recovery VRF systems requirement. In 2020, there was a 1.4% and 2.2% decline in the manufacturing industries of New Zealand and Australia respectively. Moreover, the pandemic significantly increased the unemployment rates, lowering the disposable income, and consequently reducing the purchasing power of consumers. Resultingly, corporations witnessed huge losses due to declining sales and piling up the inventory. 

 

Furthermore, lockdowns were imposed in several economies to curb the spread of the virus. This led to the temporary shutdown of commercial offices and buildings. Additionally, there was a rising inclination toward the work-from-home culture by numerous corporations, which gradually ruptured the requirement for office spaces. Nonetheless, the Australia and New Zealand water-cooled heat recovery VRF systems market is recovering significantly, increasing the office occupancy rates because of the transmission risk aversion and reducing social restrictions.

 

Within the application segment, the healthcare category will exhibit the swiftest growth in the coming years. This can be credited to the growing geriatric population, rising incidence of chronic illnesses, surging disposable income, and enhancing healthcare infrastructure in these countries. Therefore, the robust growth in the market is due to the development of clinics and hospitals to meet the demands of the skyrocketing population levels. A key aspect of medical care is making patients comfortable, which pushes the requirement for appropriate HVAC systems.

 

Hence, the snowballing demand for VRF systems will drive this market.

Read More

Not so Much Stress Now, with Intelligent Process Automation

Intelligent Process Automation is one feature of a wider shift in technology, that of Mechanization together. From autonomous cars to drones, automation helps make seemingly contemporary technologies obtainable today by creating and leveraging new procedures of intelligence. Whether it is customer communications in the form of desktop assistants or robotic tasks in an enterprise, automation is altering the way we live in our homes and work from an office.

Intelligent Process Automation Market Size & Share Analysis Report, 2030

Browse detailed report - Intelligent Process Automation Market Analysis and Demand Forecast Report

 IPA is the collection of knowhows coming together to manage, automate and integrate digital procedures. The main technologies that structure IPA include DPA, RPA, and AI. While these techniques are powerful in their own right, individual deployment is not enough. By merger of labor-saving solutions like RPA, AI with DPA, you can guarantee that you are taking a tactical approach and mechanizing not only tasks but entire procedures, enterprise-wide.

 There are some of the major benefits of IPA, making it very adaptable for a lot of businesses.

• Rather than just deploying technologies such as RPA and expecting them to complete individual tasks, IPA can help organize work between robots, systems, and people. Robotics is all well, but unless it is integrated with an IPA platform, you will turn out with isolated solutions contrasted with enterprise-wide solutions.

• Employees can be freed from labor-intensive responsibilities by RPA and they can work with added responsibility in the areas, whether much more efficiency is required.  With the combination of DPA AI, you can assure that the correct decision is made since it is planned out in the workflow with AI aiding to make informed decisions all the way.  

• By automating endways procedures, you can decrease the risk of faults like improper data entry. RPA takes care of these automating tasks, but if it deviates from the organizational standards, IPA gives you peace of mind knowing that your procedures are reliably being completed.

• When discrete automation algorithms are deployed, it can be hard to see the enterprise-wide outcome.  With the use of IPA, you can see the whole process, letting you recognize blocks or points at which the journey of the consumers can be smoother.

• IPA allows you to not only hasten endways processing but too makes it easy to make quick changes to procedures and the techniques that support them. This benefits organizations to repeatedly advance their business procedures.

It is because of this that, the IPA market was $10,801.5 million in 2021, which will reach $31,377.0 million by 2030 with a growth rate of almost 13%. This is largely because of the increasing acceptance of robotic process automation and AI in companies, all over the globe.

 The demand for IPA technologies is on the roll because of the increasing acceptance of technologies in the contemporary world.

Read More

APAC Has Highest Demand for Project Portfolio Management Solutions

Due to the attainment of an all-inclusive view into the operations of the project and the management of resources in an efficient manner, the growing intricacy of projects of the company, and the rising requirement for the tools of collaboration and monitoring, the project portfolio management market is expected to reach a value of $8,161.8 million in 2030. The digital revolution has a lot to do with, in a way diminishing the boundaries between Information Technology and the core functionalities of the company.

Project Portfolio Management Market Size & Share Analysis Forecast, 2022-2030

The requirement for PPM solutions is the highest in the healthcare industry, in the project portfolio management market by the end of this decade.  It is because of fast digitization and an increase in the requirement for well-organized management of data and the medical history of patients. There is no need for paperwork and offers data to healthcare industries, letting them have a quick response to emergencies. Furthermore, healthcare administrations will get the assistance of valuable resources on time by merging PPM with an earned value performance measurement system.

BFSI has the maximum demand of PPM solutions in 2021. One of the main features responsible for the growth of the project portfolio management market is the upsurge in complications in banking processes. Financial institutions and services are experiencing numerous alterations like big data management, legacy overhaul, and digital business enablement, which are giving out intricate project portfolios. This has a substantial positive impact on the worldwide acceptance of progressive project operations and resource management solutions.

The cloud-based PPM solutions have started to grow in demand at a rapid pace. This is primarily because of key practical applications of business-like real-time data analytics, remote access and monitoring, and automated scheduling, which could be comprehended by merging cloud PPM systems. Also, advances in cloud and cloud-based applications, along with an increase in contemporary businesses and companies’ operations' dependence on cloud technology, have opened the gates for the project portfolio management market to grow stably in the near future.

APAC has a lot of demand for the PPM solutions, because of being home to some of the most populous countries in the world. This is one of the main reasons why the project portfolio management market is having the highest growth rate of approximately 7% during 2021-2030. This can be chiefly because of the increasing foreign investments in the region that promote financial development, thus preferring the growth of (SMEs).  There is a well-established infrastructure of IT businesses leading to the creation of pioneering project portfolio management solutions.

BYOD is becoming popular among businesses worldwide. It aids in simplifying operations, reduced company expenses, lower costs of operations, and fewer job postponements. By letting users bring their own devices, they can diminish the chances of data loss and malware attacks. When PPM software is used in combination with BYOD, it offers many benefits like increased agility of projects, improved efficiency of workers, and real-time monitoring of staff working in the office.

PPM solutions are high in demand because of the increased complexity of projects, and efficient management of staff.

Read More

Why North America Is Biggest Building Automation System Market?

 In 2021, the size of the building automation system market was $77.1 billion, and it will reach $207.5 billion by 2030, propelling at a growth rate of about 12% during 2021–2030. The increasing need for energy-efficient infra, lower cost of operations and upkeep, improved quality of indoor air, and managed home automation services and the progressions in sensors, communication technologies, touchscreen displays, and analytics take the market forward.

Commercial users have the largest share, at about 40%, in the building automation system market. As per a government association, approximately 30% of the energy used in commercial buildings is wasted, and it can be saved using BAS, as these systems can regulate cooling and heating, lighting, appliances, and other electrical appliances for the maximization of energy efficiency and productivity of workers. Hence, supermarkets, shopping malls, restaurants, warehouses, office buildings, colleges, schools, libraries, museums, nursing homes, and hospitals are accepting these solutions to reduce the costs related to building management.

Building Automation System Market Size and Share Analysis  and Growth Forecast, 2030

Wireless systems will experience a higher sales growth rate, of about 14%, in the coming years, as they are easy to fit and use and offer greater operational and control freedom than wired ones. Wired technology dominates the building automation system market since wired systems perform specific tasks, which is why their performance is usually better than wireless systems. Additionally, system latency is significantly abridged, thereby enabling seamless operation of numerous circuits, chiefly when controlling numerous devices or circuits.

Browse detailed report - Building Automation System Market Analysis and Demand Forecast Report

North America dominated the building automation system market, with an estimated share of over 30%, in the year 2021. This is chiefly because of the technical developments and strict policies pertaining to energy efficiency and the quick acceptance of building automation. Furthermore, the increasing outlay for facility management in public buildings is encouraging the implementation of these solutions. Credited to the same factors, as well as regional countries’ efforts to meet the Paris goals, Europe is another significant user of these solutions

The growth of the APAC region will be the fastest in the building automation system market in the years to come. The increasing concerns for security and the rising requirement for integrated security systems are the main reasons driving the industry in the region. As the count of smart building solution providers has substantially increased and smart building know-how has become inexpensive, the cost of operations of a smart building project has seen a recurrent decline recently.

The rising demand for facility management in the tourism, hospitality, and construction industries is increasing the requirement for building automation systems in the world. Economic growth, driven by urbanization, is one of the key factors for the market growth, as the development of infrastructure in cities will make these services important. Moreover, the expansion of SEZs and mega food parks are expected to help the industry grow in the coming years.

Because of the growing demand for security and access control systems, there is a demand for building automation systems.

Read More

Surging Demand for 5G Network Propels Satellite Launch Vehicle Market

 In 2021, the satellite launch vehicle market size stood at $6,202.0 million, and it is expected to acquire $8,517.9 million in revenue by 2030, growing with a rate of 3.6% from 2021 to 2030. This is attributed to the rising number of satellites launches for various purposes such as weather forecasting, communication, military, and earth observation purposes. The rising trend of reusable launch vehicles, attributed to cost-cutting, reliability, and instant access to space leads to a market boost. 

AI and machine learning are highly utilized in developing SLVs, attributed to the increased efficiency of mission with reduced downtime and paced up physical detection and diagnosis. In addition to this, artificial intelligence helps in easing the test and assembling of the vehicles attributed to the decline in cost and time saving and optimizing the manufacturing process. Moreover, AI facilitates assistance to communication and navigation systems of satellite launch vehicles and thus helps astronomers. 

Satellite Launch Vehicle Market Size & Share Analysis Forecast, 2030

Low-earth-orbit satellites gave captured an undisputed satellite launch vehicle market share, of 90%, attributed to faster communications with improved data processing in the network with easy installation. Additionally, the huge investments made by private and government organizations to deploy satellites in low earth orbit also expands the market. For example, Starlink named satellite internet constellation developed by SETC is LEO, there are around 3700 satellites revolving in the LEO. 

The commercial launch activity category’s satellite launch vehicle market share is around 80%, which is attributed to the increasing number of commercial satellite launches. The rising commercial activities, which include satellite navigation, commercial satellite imagery, and satellite television, combined with the reduced cost for launches and decrease in the investments on hardware space, lead to the expansion of the market. 

The growing 5G satellite communication market, which amounted to $2,548.2-million revenue in 2021 and is expected to acquire $33,896.7 million by 2030, is the key contributor to the satellite launch vehicle market boom. This is ascribed to the surging demand for high-speed connectivity with low latency networking. Moreover, 5G fuels the governments’ initiatives worldwide for the development of smart cities, it also provides socio-economic benefits by pacing up the digital economy, resulting in market proliferation. 

Communication applications contributed extensive satellite launch vehicle market revenue, of more than $4 billion. It is attributed to the surging requirement for 5G satellite connections in various sectors such as automobiles, shipping, and civilian aircraft. In attrition, the internet penetration with increased volume of data usage, supported by low latency transmission drives the market. Satellite launches are extensively utilized in defense communication technology, the major countries to make a huge investment to advance defense communication are China, South Korea, and India

North America dominates the market with a 55% share, it is ascribed to the rising commercial launch activity and the strong presence of key players in the market. Moreover, the advanced technologies in the region and increasing availability of certified technicians fuel the market expansion. Moreover, APAC is expected to witness the fastest growth in the coming future in the market, and it is ascribed to the surging satellite launches for space exploration and communication purposes in the region. 

Therefore, the rising internet penetration facilitated by the high-speed 5G network and increased satellite launches in the lower earth orbit.

Read More