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Cloud Testing And ASQ Software Market Latest Innovations, Drivers and Industry Key Events Over 2027 – Digital Journal

The continuous development in cloud computing space is driving the growth of the global cloud testing and ASQ software market. Cloud computing is creating new shift in IT model. Cloud computing facilitates organizations to adopt software as a Service at very low cost.

Software as a Service provide business organization a more agile framework and increase their efficiency, at the same time, software as a service is a complex phenomenon and requires continuous monitoring. As organization are deploying more enterprise mobility solution and mobile application, cloud testing and ASQ software vendors are seeing huge opportunity in the market.

However, business organizations software needs are changing very frequently, and to cope with these rapidly changing software advancements is very difficult for cloud testing ASQ software vendors, and this is the biggest challenge cloud testing and ASQ software market is facing.

Cloud Testing and ASQ Software Market: Key Players

Few of the companies in cloud testing and ASQ software market are: Parasoft, SOASTA, Compuware, Hewlett Packard Enterprise, IBM Corporation, Microsoft Corporation, Skytap, Micros Focus, SamrtBear and Cast.

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Cloud Testing and ASQ Software Market: Regional Overview

North America poses has largest market of cloud computing, hence poses huge opportunity for cloud testing and ASQ software vendors. Most of the cloud testing and ASQ software vendors such as IBM Corporation, Microsoft Corporation are also based in the U.S.

The market of cloud computing in Asia-Pacific region is growing slowly than North America and Europe regions because many of the countries in this region are still skeptical about cloud computing services.

Regional analysis for cloud testing and ASQ software, market includes development in the following regions

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Cloud Testing and ASQ Software Market: Segmentation

Segmentation on the basis of end-use:

Segmentation on the basis of vertical:

Explore FMIs Extensive ongoing Coverage onTechnology Market Insights

Visual Computing Market Visual computing enables data retrieved from sensors such as cameras and GPS among others to be combined with analytics to provide intelligent insights.

Software Defined Video Networking Market Software defined networking is gaining popularity amongst service providers as it helps them assist with challenges related to network upgrades among other things.

Converged Infrastructure Market Converged infrastructure market is growing rapidly as it reduces the total operating cost of an IT infrastructure and high level of flexibility for enterprises.

Field-programmable Gate Array (FPGA) Market Field-programmable gate array market is growing rapidly in across various sectors for instant prototyping and debugging many applications for the industries.

Public Cloud Storage Market Public cloud storage market has grown rapidly in many enterprises as there is an alternative to on-premises hardware for IT infrastructure.

About Future Market Insights (FMI)Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years

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Neuromorphic Computing Market Size, Share, Competitive Analysis, Growth Status, Top Manufactures and Is Projected To Reach USD 34.61 Billion by 2029 -…

London, July 26, 2022 (GLOBE NEWSWIRE) -- Global Neuromorphic Computing Market the new research report adds in Data Bridge Market Researchs reports database. This Research Report spread across 350 Page, 220 No of Tables, And 60 No of Figures with summarizing Top companies with tables and figures.

The comprehensive Neuromorphic Computing business report helps define commerce strategies to the businesses of small, medium as well as large size. All the data and statistics provided in this market report are backed up by latest and proven tools and techniques such as SWOT analysis and Porter's Five Forces Analysis. This report includes a range of inhibitors as well as driving forces of the market which are analysed in both qualitative and quantitative approach so that readers and users get precise information and insights about this industry. This Neuromorphic Computing market report is an ideal guide for actionable ideas, enhanced decision-making and better business strategies.

The neuromorphic computing market is expected to witness market growth at a rate of 52.50% in the forecast period of 2022 to 2029, and is estimated to reach the value of USD 34.61 billion by 2029. Data Bridge Market Research report on neuromorphic computing market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the markets growth. The rise in demand for the technology globally is escalating the growth of neuromorphic computing market.

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Neuromorphic Computing report is delivered as the most relevant, unique, fair and creditable global market research report to valuable customers and clients depending upon their specific business needs. It facilitates in adjusting the production depending on the conditions of demand which avoids wastage of goods. Market research reports like this one surely helps to reduce business risk and failure. This report highlights numerous industry verticals such as company profile, contact details of manufacturer, product specifications, geographical scope, production value, market structures, recent developments, revenue analysis, market shares and possible sales volume of the company

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):

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Important Key questions answered in the Neuromorphic Computing market report:

Major Segmentation: Neuromorphic Computing Market

On the basis of offering, the neuromorphic computing market is segmented into hardware and software. Hardware is further segmented into processor and memory.

On the basis of deployment, the neuromorphic computing market is segmented into edge computing and cloud computing.

On the basis of application, the neuromorphic computing market is segmented into image recognition, data processing, signal recognition, object detection and data mining.

On the basis of end-user, the neuromorphic computing market is segmented into aerospace and defense, it and telecom, medical, automotive, industrial and others.

Country Level Analysis:-

The neuromorphic computing market is analyzed and market size, volume information is provided by country, offering, deployment, applications and end user as referenced above.

The countries covered in the global neuromorphic computing market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

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Key Drivers:-

The rise in the number of applications in the area of automation across the globe acts as one of the major factors driving the growth of neuromorphic computing market. The increased demand for artificial intelligence for translation and chatterbots, computer vision and image processing, language processing, nonlinear controls and robotics accelerate the market growth. The advancement of disruptive technologies, such as artificial intelligence (AI) and machine learning (ML), and rise in demand for the technology owning to the low power consumption, higher speed, and optimum memory usage further influence the market. Additionally, urbanization and digitization, rise in biotechnology sector, expansion of end use industries and cross-industry partnerships and collaborations positively affect the neuromorphic computing market. Furthermore, adoption of neuromorphic computing for security purposes and design and development of neuromorphic chips for brain-based robots and cognitive robots extend profitable opportunities to the market players in the forecast period of 2022 to 2029.

On the other hand, complex algorithms increasing complexity of designing hardware of neuromorphic chips and lack of knowledge about neuromorphic computing are expected to obstruct the market growth. Applications dependent on software compatibility of neural hardware are projected to challenge the neuromorphic computing market in the forecast period of 2022-2029.

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Neuromorphic Computing Market Size, Share, Competitive Analysis, Growth Status, Top Manufactures and Is Projected To Reach USD 34.61 Billion by 2029 -...

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Arvest Bank partners with Google Cloud for IT overhaul – talkbusiness.net

Arvest Bank is working with Googles cloud computing division to overhaul its current IT architecture and systems, including migrating its data centers to Google Cloud.

In a news release Thursday (July 21), bank officials said the collaboration would improve customer service and streamline banking processes using Googles artificial intelligence and machine learning technologies.

The five-year partnership with the software giant was signed earlier this year and is the latest domino to fall in Arvests multi-year digital transformation strategy.

The Google partnership follows an agreement with London-based fintech firm Thought Machine in Septemberto implement a next-generation core banking infrastructureand the hiring of former Google Cloud chief transformation officer Laura Merling aschief transformation and operations officer.

Arvest Bank operates over 200 bank branches in Arkansas, Oklahoma, Missouri and Kansas and has approximately 830,000 retail and business customers. By assets ($26.6 billion), the Walton-owned bank is Arkansas largest bank.

The rapid shifts around consumer financial needs and behaviors, along with the expectation for consistent customer engagement across channels, impose unprecedented demands for technology and speed of execution, Arvest CEO Kevin Sabin said in a statement. Moving to the cloud is another key component to our transformation.

In the news release, Arvest listed the following priorities for working with Google:

Merling said the disruption in the financial services industry has only just begun.

Data, insights, and artificial intelligence are the foundation for that disruption, from reshaping credit risk modeling and better supporting underserved communities to rethinking data-driven relationship management, she said. Collaborating with Google Cloud means we will not only gain access to the best tools, technologies, and expertise to deliver community banking in a digital world but also be able to drive sustainability and reduce our carbon footprint by moving to the cloud.

Merling told the Northwest Arkansas Business Journal that the Google partnership has been active for the past few months. She described the work as transitioning the bank into a software company.

That doesnt mean we dont want people to walk into the branch and do relationship banking, she said. Its how you make that relationship banking better [by] making sure that person thats working with you one-on-one is more informed.

Making sure there is a consistent experience as a customer across all of our channels is what its about. Becoming a software company is about making sure we improve that customer experience.

According to Googles website, this is the companys second announcement this year about working with a large community bank in the U.S.

We see great opportunity to help community banks transform the experience they offer their customers while creating enterprise-wide efficiencies and increasing cost savings, the website said. Banking customers increasingly demand personalized and frictionless digital experiences, so community banks are seeing value in the secure, scalable, and sustainability infrastructure that Google Cloud offers.

Merling said Arvest has developed a pilot reskilling program for jobs related to the Google partnership.

There are new skills that are needed; upskilling and reskilling, she said. Well also be hiring [for new jobs]. We want to merge some existing skills while we build new skills so that people can learn from each other.

She said longtime Arvest employees bring a huge value to the partnership by preserving the companys culture.

What is the Arvest culture, and how do you continue to carry that [forward]? she explained. And how do we deliver that in our products with [people] who have been doing cloud computing for several years and can bring them that skillset and demonstrate how to do it. Its a great marriage of the two, and were very excited about it.

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Artificial Intelligence (AI), Cloud Computing, 5G, And Nanotech In Healthcare: How Organizations Are Preparing Best For The Future – Inventiva

Artificial Intelligence (AI), cloud computing, 5G, and Nanotech in healthcare: How organizations are preparing best for the future

Automation, digitalization, and technological enablement are having a significant impact on several industries. The healthcare industry is not an exception. The healthcare delivery system in India is changing and is about to advance significantly. The pandemic has shown that healthcare organizations can become innovative, flexible, and resilient by utilizing tech-enabled business models that place data at the core.

Additionally, healthcare organizations quickly realize that no matter how technically advanced their services or products are, they will no longer be applicable. To produce not just an enhanced product or service but also a better healthcare experience, it is imperative to connect with users along the healthcare value chain, be they patients or physicians. Fortunately, technological progress has accelerated the process of change required for Indian healthcare to become digitally linked and shown promise for enhancing peoples healthcare experiences.

India has already begun developing a national digital framework to create a digital health ecosystem on a national scale. The market for digital healthcare in India was estimated to be worth INR 116.61 billion in 2018 and is projected to reach INR 485.43 billion by 2024, growing at a CAGR of 27.41 per cent. Adopting electronic health records for the whole population is one of the several steps made in that regard.

Healthcare organizations are quickly embracing innovative technology to change how care is delivered in the nation and benefit the healthcare ecosystem as a solution to address the problems that the countrys healthcare system is now facing. Here are a few new technologies that are changing things:

Artificial Intelligence (AI)

Artificial intelligence (AI), machine learning (ML), and digital representations of the human bodys physiology make it possible to anticipate the chance that chronic diseases will advance based on the decisions being made. By using these simulations, healthcare professionals can better comprehend options and therapies and their consequences on patient health outcomes and influence on related expenditures.

Additionally, AI is helping healthcare professionals manage illnesses holistically, better coordinate care plans, and help patients manage and adhere to their treatment regimens. Further, statistics indicate that administrative expenses account for 30% of healthcare expenditures. The bulk of these duties, such as keeping track of bills that need to be paid and maintaining records, may be automated with AI, considerably cutting expenses.

Cloud Computing

The collaboration between physicians, nurses, and departments has grown crucial as healthcare organizations throughout the nation transition to value-based care. Thanks to cloud computing, accessing patient information has gone from a sluggish and laborious procedure to a quick and easy process.

With cloud computing, data may be stored centrally and made accessible from any location at any time. In addition, cloud infrastructure allows users to adjust health data storage depending on the new patient volume. IoT-enabled devices are being offered to patients by a variety of healthcare providers. By connecting these devices to a healthcare providers cloud system, patient data may be swiftly delivered to the doctor. This makes for a quicker diagnosis and better treatment.

The 5G Network

Every aspect of healthcare has the potential to be improved by a 5G connection, particularly since the healthcare sector is still recovering from the ravages of the epidemic. Large data files and real-time, high-definition video may be transmitted over a fast network to handle telemedicine appointments. Patients may reach medical professionals more quickly and receive treatment more quickly thanks to the use of 5G, especially in remote places.

Nanotech

Utilizing nanotechnology has given the healthcare sector new opportunities. Researchers and scientists use this technology to improve medical imaging, target tumours, and medication delivery systems. Additionally, the technique reduces costs, speeds up DNA sequencing, and provides scaffolding for tissue regeneration or wound healing. Further, artery obstructions are being removed by nanobots or micro-scale robots, as are quick biopsies of worrisome cancerous tumours.

The healthcare sector is anticipated to strengthen in 2022, thanks to groundbreaking discoveries and technologies. Most of the significant modifications are still in the future!

This article will examine the main medical technology developments and changes anticipated for the medical industry shortly.

The focus is often on lowering the cost, increasing access to healthcare services, and identifying and treating problems sooner rather than later. The US healthcare industry is expanding quickly; by 2026, the national healthcare products value is predicted to reach USD 6 trillion. Its never too late to prepare for the many available healthcare possibilities. Make sure to use digital technology to increase revenue, and staff productivity, achieve better financial results, and improve patient care.

Artificial intelligence (AI) technology has advanced quickly in recent years, and this trend will persist in 2022. Among the various sectors that gain from AI, medicine mainly uses it for accurate illness diagnosis and detection, albeit this is not the only use. IBM Watson, for instance, is one of the AI systems already accessible for use in business and healthcare.

Computed Tomography Scan Analysis

The demand for computed diagnostic professionals (radiologists) has significantly grown since the COVID-19 epidemic struck the worlds population.

AI-powered technology could provide a solution. AI systems can quickly evaluate CT images from hundreds of patients, identifying pneumonia patterns brought on by COVID-19 and informing physicians of these. That would make up for the lack of qualified labour in this industry.

Before our eyes, innovative ideas are taking shape. For instance, a deep learning model for imaging COVID-19 was developed to recognize COVID-19 patterns in CT images automatically. The Microsoft-sponsored InnerEye research project is another promising endeavour for processing computed tomography scans. Even though accuracy has significantly increased, radiologists are still hesitant to entrust the digital mind with crucial choices. AI cannot be held responsible for a poor diagnosis or ineffective course of therapy. Instead, the expert who decided to employ AI must pay for their error and take every precaution to limit the adverse effects while maximizing this digital health trend.

Because of this, most cutting-edge clinics employ AI as an additional tool rather than a stand-alone diagnostic or therapeutic method. It is excellent for validating current diagnoses or enhancing research data that has been gathered conventionally.

Machine Learning in Biopharma and Medtech

The pharmaceutical sector will effectively capitalize on technological advancements in healthcare by utilizing AI to discover new medications. A group of British and Japanese scientists filed a patent for the first medicinal molecule created by AI in January 2020. The drug will be used to treat obsessive-compulsive disorder after it passes muster for testing on humans.

AI-enhanced lab research has also led to the discovery of other intriguing formulations since late 2021, including some potential treatments for uncommon and extremely severe ailments. Numerous cutting-edge studies, such as molecular modelling and simulation of chemical reactions in multi-factor settings, leverage AI and machine learning approaches to support chemical experiments and therapeutic medication development.

Since many tests may be carried out electronically, this method enables scientists to reduce the number of expensive onsite experiments using reagents and high-tech lab equipment. It also hastens the discovery of critical scientific innovations.

Automating Hospital Workflows using Robotics

Startups from all over the world will pour hundreds of millions of dollars into creating AI projects in 2022, including various forms of robotic systems, which may enable them to reduce the cost of recruiting trained medical personnel. The intention is to assist medical facilities that already have a severe shortage of nurses and clinicians as a result of the COVID-19 pandemic, which has put the entire healthcare system under unprecedented strain, rather than to replace people with machines, which would lead to unemployment and a decline in social standards. Learn more about creating medical HR software to assist HR professionals in addressing the U.S. medical workforce problem.

Innovative enterprises should keep in mind the medical communitys restrictions on AI-driven software, its capabilities, and its applications as they work to realize these lofty goals. Modern medicine has countless applications for robotic assistance and automated systems, including cleanliness, surgery, remote diagnostics, etc. However, the healthcare systems top goals will always be the well-being of medical personnel and the effective treatment of patients.

In light of this, robotic and AI-driven technologies will be employed to support current procedures rather than replace them, resulting in a potent fusion of the present and the future. Daring projects combined with sound regulation are a prominent trend in the digital health sector. It will enable physicians to utilize cutting-edge technology fully, learn to apply it in satisfying and secure ways, and steer clear of any pitfalls.

Symptom Checker Chatbots

Chatbots are computer programs with artificial intelligence (AI) support (often not true AI but powerful algorithms) that engage in meaningful conversations that resemble those between humans using voice, text, or option-based input.

Every area, including healthcare and medical consultancy, is seeing a rise in their use. These solutions, available around-the-clock online or via mobile devices, can provide preliminary medical diagnoses and health advice based on input and complaints from a patient. Chatbots can also be connected with unique patient portals for hospitals and clinics. When human medical assistants are unavailable, they can assist patients with their health issues and worries, even in acute situations (such as disaster-induced overloads of call centres, peak or non-operation hours, etc.)

These chatbots can aid patients in determining their subsequent actions and motivate them to seek professional medical advice when necessary. Care must be exercised, though, since it may result in inaccurate self-diagnosis and disinformation.

Globalization of AI Requirements in Healthcare

Ten recommendations that can serve as the foundation for the creation of GMLP have been developed by a powerful coalition of the U.S. FDA, Health Canada, and the United Kingdoms Medicines and Healthcare products Regulatory Agency (MHRA) (Good Machine Learning Practice). These guidelines will help programmers and AI engineers create secure medical equipment, software, and systems powered by artificial intelligence and machine learning (AI/ML) components. This shows that governments take the potential and hazards posed by AI exceptionally seriously and would want to regulate the use of AI in healthcare practices as soon as feasible.

Adoption of AI-backed Technologies

The main drawback of the advancement in artificial intelligence technology is that hackers will use it to target medical systems and steal secured healthcare information, rather than only to save human lives or help medical personnel with their everyday responsibilities. One of the growing dangers to the security of medical technology in 2022 and beyond is sophisticated malware with AI capabilities.

Which medical technology solutions are in jeopardy? Almost everything could have weak security or security flaws, such as wireless systems in hospitals, clinics, or health centres, EMR/EHR solutions, IoT, and computer-aided healthcare provider and health insurance company systems. Intricate phishing and social engineering assaults can also target clients and staff members.

Hackers may use this feature to simulate personal identities as part of next-generation super-personalized social engineering and phishing campaigns, which have the potential to be as dangerous and deceptive as ever before due to AIs growing capacity to mimic photorealistic 3D faces or organically sounding voices. This necessitates installing high-end data protection methods that can mitigate any hazards by hacker techniques aided by AI.

Despite all the technological safeguards and healthcare providers knowledge, statistics on data breaches show a sharp rise over the previous ten years, with infractions peaking in 20202021. These data breaches impact thousands of patients around the US. Hopefully, healthcare organizations will focus more on data security and their digital ecosystems in 2022. Healthcare cybersecurity is quickly emerging as a popular technological topic this decade.

How to Prevent Data Breaches in Healthcare?

The security of medical records, which is governed by HIPAA and EDI in the healthcare industry, is a top priority for the US government.

Every healthcare professional should follow a few effective procedures:

Facial Recognition With Masks

Face recognition technology, which permits approved access for medical professionals to mobile devices or workstations, rose to popularity due to its ease.

Deep learning facial recognition algorithms must be used in the COVID-19 pandemic to distinguish staff members wearing masks. Specific sources claim that some businesses have already achieved 99.9% accuracy in the face recognition of people wearing masks.

Nanotechnology may still seem like science fiction, yet it is steadily influencing our daily lives. By the end of 2021, fantastic news about the creation of tiny, organic robots that can reproduce themselves will reach every part of the globe. Therefore, it is realistic to anticipate that 2022 will bring forth several significant advancements in the nanomedicine sector. Early investments are welcome in the burgeoning nanomedicine industry.

Here is a brief explanation of what nanomedicine is: it uses nanoscale (microscopically small) materials and objects, like biocompatible nanoparticles, nanoelectronic devices, or even nanorobots, for specific medical uses and manipulations, like the diagnosis or treatment of living organisms. The injection of a group of nanorobots into a humans blood vessels might be utilized as a possible hunter for cancer cells or viruses, for instance. This method is anticipated to effectively combat a wide range of cancers, rheumatoid arthritis, and other hereditary, oncologic, or auto-immune illnesses on a cellular level (or even become an ultimate solution to them).

Even though the IoMT will not be a novel concept by 2022, this industry will experience exponential growth. Every one of the several digital health developments in this sector has excellent applications for healthcare professionals and has the potential to save billions of dollars.

Apps for remote health monitoring and wellness will continue to grow in popularity in 2022. You may discover a decent number of professional (and many other semi-professionals) mobile applications for healthcare and health in the GooglePlay or iTunes libraries.

Some mobile applications can connect to wearables like pulsometers or fitness trackers to use the information gathered by the sensors attached to your body to report or evaluate your health problems, including blood pressure, body temperature, pulse, and other metrics.

Autonomous nursing robots or self-moving smart gadgets can substantially assist by minimizing the tasks linked to supply management or sanitary maintenance that medical professionals must perform.

Different types of robots can work in various hospital-based settings and jobs, protecting human workers from infection risks or stress from the extreme burden imposed on many US hospitals by a COVID-19 patient overflow. An Italian hospital, for instance, employed robot nurses during a COVID-19 severe epidemic. These clever assistants were utilized to remotely check patients blood pressure and oxygen saturation levels because they are two critical indicators of their present state of health. Those levels might decline quickly, necessitating emergency intervention for the patient. This drastically decreased the requirement for nurses to visit patients in person.

Healthcare systems primarily concentrate on elements within their area of expertise: quality and price of medical services while generating risk assessments and accumulating illness data. However, they represent the very beginning. Before patients feel symptoms and seek the help of physicians, a host of other less apparent circumstances impact them.

Initial health problems are caused by factors other than a lack of care. Their origins are deeper; they are found in social, environmental, and demographic contexts that are rarely taken into account in the context of conventional clinical diagnoses.

Medical institutions mainly handle symptoms and offer advice on lifestyle modifications, having a minimally significant influence on treatment results (between 10% and 20%). In addition, between 80% and 90% of health outcomes are determined by non-medical variables. The term social determinants of health refers to these elements (SDOH).

In 2022, healthcare providers will approach SDOH with greater caution than ever before and carefully review patients medical histories, taking into account details that were overlooked in earlier years.

Doctors will shift from treating symptoms to prediction and prevention based on patients SDOH predisposition to particular diseases to stop the advancement of dangerous health concerns and reduce individual medical expenditures.

More implant-related options and technology will hit the global and American healthcare markets in 2022. This offers dramatically improved regenerative medicine effectiveness, patient rehabilitation, and a solution for many disabilities previously thought to be incurable.

Increasing the Use of 3D Bioprinting

By 2027, it is anticipated that the medical industrys volume of 3D printing potential will surpass $6 billion. Even if 3D printing biocompatible implants is not a novel technique in 2022, new materials and more advanced prosthetic methods will make this technology more dependable and available to a more extensive range of patients. In particular, it is anticipated that advancements in 3D bioprinting technology would improve the following areas:

Neural Implants

In 2022, effective options for brain-computer implants are anticipated to debut. Neuralink plans to begin inserting its devices into human brains at least in 2022. More businesses, groups, initiatives, and startups are preparing to market their neuro-implants for various medical requirements, including regaining functional independence in patients with multiple forms of paralysis or blindness.

For instance, it was stated that by the end of 2021, a team of scientists had implanted a microelectrode array (a penny-sized implant) into the visual brain of a blind individual, enabling her to recognize several letters and shapes. Although there is still a long way to go, brain implants potential to help people with various disabilities seems to have a genuinely fantastic and promising future.

Healthcare businesses will employ an exponentially growing number of data sources, and the volume of gathered healthcare data (including patient records, DICOM files, and medical IoT solutions) will also rapidly increase. Medical service providers will seek contemporary platforms, such as data fabrics, to combine and handle massive amounts of dispersed and structured data.

It will be among the tasks to build safe multi-cloud solutions capable of transporting significant amounts of data to manage, store, and mine it for valuable insights and to link siloed data with the healthcare systems.

Healthcare payers and providers frequently have interests that clash. The standard of their collaborative work decreases when both sides take absolutist positions. Patients, therefore, do not get the care they need. They are frequently mistreated, have to wait longer, and pay more.

Both payers and providers should embrace a value-oriented mindset and work toward group goals rather than individual success. All parties must understand that they are working for the same purposeproviding high-end healthcare to the publicand that if either suffers losses, the other will no longer support them. All organizations involved in the healthcare sector will hopefully try their utmost to learn how to collaborate in 2021. They will concentrate on delivering complete care, move from settling disagreements to cooperation, and communicate information to support successful decision-making.

The healthcare sector is already seeing the effects of the vast diversity, universality, and growth of digital communication channels. A brand-new channel for distributing medical data is telehealth. It entails delivering healthcare services remotely through the Internet, videoconferencing, streaming services, and other communication technologies. Long-distance education for patients and medical professionals is included in telehealth. Telehealth has achieved widespread acceptance and has evolved into a regular procedure in 2021. Modern clinics already counsel their patients electronically. This kind of communication will replace conventional internal dialogues and receive full regulatory permission in the upcoming years.

With the introduction of 5G wireless, telehealth will expand rapidly and be universally adopted shortly.

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Enterprise and Industrial Autonomy Market Report 2022-2027: AI Integration to Completely Transform Communications, Applications, Content, and Commerce…

Dublin, July 26, 2022 (GLOBE NEWSWIRE) -- The "Enterprise and Industrial Autonomy: 5G and Beyond, AIoT, Cloud Robotics, Digital Twins and Teleoperation 2022 - 2027" report has been added to ResearchAndMarkets.com's offering. Select Research Findings:

Just as 5G took shape after several years of R&D focused on "beyond 4G" (B4G) technologies, the ICT industry is in a similar situation with sixth-generation (6G) wireless as leading organizations begin to focus on B5G market opportunities. While it is no secret that AI is rapidly becoming integrated into many aspects of ICT, many do not understand the full extent of how it will transform communications, applications, content, and commerce. For example, the use of AI for decision-making in IoT and data analytics will be crucial for efficient and effective smart city solutions in terms of decision-making.

The convergence of AI and Internet of Things (IoT) technologies and solutions (AIoT) is leading to "thinking" networks and systems that are becoming increasingly more capable of solving a wide range of problems across a diverse number of industry verticals. AI adds value to IoT through machine learning and improved decision-making. IoT adds value to AI through connectivity, signaling, and data exchange.

Cloud robotics is distinguished from the general field of electromechanical automation through its use of teleoperation as well as reliance upon various cloud computing technologies such as computing and storage as well as the emerging cloud-based business models enabling robotics-as-a-service. In addition, cloud robotics will benefit greatly from edge computing technologies, such as Mobile Edge Computing (MEC), as well as the commercial introduction of 5G New Radio (5GNR) technologies based on millimeter-wave (mmWave) frequencies.

The digital twin of a physical asset can provide data about its status such as its physical state and disposition. Conversely, a digital object may be used to manipulate and control a real-world asset by way of teleoperation. The publisher of this report sees this form of cyber-physical connectivity, signaling, and control as a key capability to realize the vision for Industry 4.0 to fully digitize production, servitization, and the `as a service` model for products.

Teleoperation and telerobotics are both supported by ICT infrastructure including broadband communications, sensors, machine-to-machine (M2M) communications, and various IoT technologies. The combination of teleoperations, M2M/IoT, and 5G communications will enable entirely new use cases for robotics, supported by cloud-based robotics as a service business model.

Key Topics Covered:

5G and Beyond 5G Technology, Infrastructure, and Devices 2022 - 2030

1.0 Executive Summary

2.0 Introduction

3.0 5G Technology and Solutions

4.0 5G Applications and Services

5.0 5G Market Analysis and Forecasts 2022 - 2030

6.0 Beyond 5G Technology and Solutions

7.0 Beyond 5G Company and Organization Analysis

8.0 Beyond 5G Regional and Country Analysis

9.0 Beyond 5G Market Analysis and Forecasts 2025 - 2030

10.0 Conclusions and Recommendations

Artificial Intelligence of Things Solutions by AIoT Market Applications and Services in and Industry Verticals 2022 - 2027

1.0 Executive Summary

2.0 Introduction

3.0 AIoT Technology and Market

4.0 AIoT Applications Analysis

5.0 Analysis of Important AIoT Companies

6.0 AIoT Market Analysis and Forecasts 2022 - 2027

7.0 Conclusions and RecommendationsCloud Robotics Market by Technology, Robot Type, Hardware, Software, Services, Infrastructure and Cloud Deployment Types, and Industry Verticals 2022 - 2027

1.0 Executive Summary

2.0 Introduction

3.0 Cloud Robotics Enabling Technologies

4.0 Cloud Robotics Ecosystem Analysis

5.0 Cloud Robotics Market Drivers and Challenges

6.0 Company Analysis

7.0 Cloud Robotics Market Forecast 2022 - 2027

8.0 Drone Market Analysis and Forecasts 2022 - 2027

9.0 Conclusions and RecommendationsDigital Twins Market by Technology, Twinning Type, Cyber-to-Physical Solutions, Use Cases and Applications in Industry Verticals 2022 - 2027

1.0 Executive Summary

2.0 Introduction

3.0 Digital Twins Company Assessment

4.0 Digital Twins Market Analysis and Forecasts 2022 to 2027

5.0 Conclusions and RecommendationsTeleoperation and Telerobotics Market by Technologies, Solutions, and Applications for Enterprise and Industrial Automation 2022 - 2027

1.0 Executive Summary

2.0 Introduction

3.0 Technology and Application Analysis

4.0 Company Analysis

5.0 Teleoperations and Telerobotics Market Analysis and Forecast 2022 - 2027

6.0 Conclusions and Recommendations

Companies Mentioned

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Enterprise and Industrial Autonomy Market Report 2022-2027: AI Integration to Completely Transform Communications, Applications, Content, and Commerce...

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Cloud-based Productivity Management Software to hold a Revenue Share of over 56% in 2022 and beyond, Reports Fact.MR – GlobeNewswire

Seoul, South Korea, July 21, 2022 (GLOBE NEWSWIRE) -- In 2021, the global productivity management software market was valued at US$ 47 Billion and is expected to grow at a steady CAGR of 13.7% during the forecast period. According to a Fact.MR report, the market is expected to reach a value of US$ 192.96 Billion by 2032.

As a result of the COVID-19 pandemic, businesses of all sizes experienced a slowed workflow and slowed communication. As organizations around the world have been relying on work-from-home policies and remote working, the demand for performance management systems has increased. With remote work management gaining popularity, digitization has become vital to the smooth operation of a business.

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Productivity management software market growth is driven by the increasing application of workflow management and task management among businesses in order to enhance growth, as well as the rapid advancements in Artificial Intelligence (AI) and Machine Learning (ML). In a world where cloud computing is increasingly used for business processes, and mobile devices such as smartphones, enterprise mobility, and Bring Your Own Device (BYOD) will spur demand for productivity management software.

Key Drivers Influencing Productivity Management Software Demand

PMS increases the productivity and efficiency in a company

Increasing productivity has been a priority for organizations. The use of technology and new approaches has enhanced efficiency and effectiveness in delivering products and services. In order for companies to earn a high income, product and service production must increase. Productivity growth allows organizations to convert capital into revenue, thereby compensating stakeholders while preserving cash flow for potential expansion and development.

Productivity increases also contribute to gaining a competitive edge over the competition. Companies want to gain hefty profits by reducing their operational costs, and better productivity helps them achieve those goals. In order to improve the working environment and reduce costs, organizations are looking into technology-based solutions such as productivity management software (PMS).

What will be the market scope in the APAC region?

Increasing number of SMEs will account for steady growth

Asia Pacific's productivity management software market is estimated to expand at the highest CAGR of 15.5% from 2022 to 2032. Growing industries such as IT and telecom, healthcare, BFSI, and others will contribute to the growth of the region. Over the forecast period, the growing number of small and mid-sized enterprises will also bolster the growth of the regional market.

To learn more about Productivity Management Software Market, you can get in touch with our Analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=7128

Key Segments Covered in the Productivity Management Software Industry Survey

Competitive Landscape

To improve productivity and customer experience, vendors focus on improving content management, workflow management, task management, artificial intelligence, and predictive analytics software solutions. The main strategy of participants is to launch new products and update existing software solutions.

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Key players in the Productivity Management Software Market

Key Takeaways from Productivity Management Software Market Study

About the Technology Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned technology team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the technology industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.

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Digital Remittance Market- The digital remittance market has garnered a market value of US$ 18.16 Billion in 2022, anticipated to register a positive CAGR of 13.5% in the forecast period 2022-2032 and reach a value of US$ 64.43 Bn.

Neobanking Market- The global sales of neobanking garnered a market value of US$ 45 Billion in 2021, and is expected to reach US$ 67 Billion by 2022. From 2022 to 2032, the market is likely to register a CAGR of 44.15% by accumulating a market value of US$ 2,595 Billion through the assessment period 2022-2032.

Digital Transaction Management Market- The global digital transaction management market revenue was estimated to be US$ 8.01 Billion in 2021 and is expected to increase at a CAGR of 25% from 2022-2032. It is estimated that the market will reach US$ 93.25 Billion by the end of 2032.

Customer Relationship Management Market- The global customer relationship management market is expected to secure a market value of US$ 164. 68 Billion By 2032 while expanding at a CAGR of 11% during the forecast period from 2022 to 2032. Technologies such as; Artificial Intelligence (AI), machine learning, and models such as SaaS are expected to provide a significant boost to the market during the evaluation period.

Cloud Computing Market- The global cloud computing market size is estimated to secure a market value of US$ 482 Billion in 2022. The market is expected to procure US$ 1,949 Billion by 2032 while expanding at a CAGR of 15% during the forecast period from 2022 to 2032.

Digital Marketing Software Market- The global digital marketing software market is expected to value US$ 65 Billion in 2022 which is likely to reach US$ 370 Billion by 2032. The projected growth rate is 19% from 2022 to 2032. The expansion of the market can be attributed to the increasing preference for mobile phones to gain information on the go.

Smart Pole Market- The global smart pole market was valued at US$ 8 Billion in 2021, and is expected to increase at a whopping CAGR of 21% during the 2022-2032 forecast period. This industry is projected to reach a market size worth US$ 65.12 Billion by 2032.

Mobile Payment Market- Demand for mobile payments is likely to garner a market value of US$ 42 Billion in 2022 and is expected to register a staggering double digit CAGR of 30% by accumulating a market value of US$ 590 Billion through the assessment period 2022-2032

Financial Analytics Market- The financial analytics market revenue totalled US$ 9.3 Billion in 2021 and is projected to register a Y-o-Y expansion rate of nearly 11% to reach US$ 10.3 Billion in 2022. During the 2022-2032 period of assessment, the market is poised to register a CAGR of 9.3% to be valued at US$ 25.1 Billion.

Industrial PC Market- The global industrial PC market is poised to increase at a steady CAGR of 7.4%, reaching US$ 12.3 Billion by 2032 from US$ 5.4 Billion in 2021.

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Cloud-based Productivity Management Software to hold a Revenue Share of over 56% in 2022 and beyond, Reports Fact.MR - GlobeNewswire

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MAS, Google Cloud team up to drive climate financing solutions in Asia – CNA

"Singapores financial and fintech sectors can play a pivotal role in the efficient channeling of private capital toward sustainable projects and businesses focusing on their long-term sustainability impact," said Dr Darian McBain, MAS' chief sustainability officer.

She was appointed in September last year as head of a new sustainability group in the regulator, which has described green finance and climate resilience as growing areas of priority and invested more than S$2 billion in related investment opportunities.

Dr McBain said on Tuesday that effectively employing technology can enhance the quality ofenvironmental, social and governance (ESG) data needed for financial flows, in turnaccelerating Singapore's transition to a low-carbon economy.

"We see the Point Carbon Zero Programme as a key enabler for bridging ESG fintechs, finance and real economy businesses through a shared data and innovation platform," she added.

Point Carbon Zero Programme is a collaboration under MAS Project Greenprint initiative, which was launched in December 2020 to promote a green finance ecosystem by harnessing innovation and technology.

Under Point Carbon Zero, Google Cloud's dedicated platform will operate out of Singapore andenable fintechs to work with financial institutions to build, host, and scale their climate solutions.

Shortlisted participants will also be mentored by Google Cloud and receive funding to further develop their solutions.

They can tap on climate disclosure, environmental and public utilities data collected under Project Greenprint and over 200 datasets hosted by Google Cloud. These include census and weather data.

Google Cloud's Singapore and Malaysia country director Sherie Ng said the collaboration with MAS aims to "combine the collective powers of the industry with Google Clouds capabilities and innovation ecosystem to orchestrate impactful climate action".

"Our goal is to fuel an international movement with data enabling and informing green financial flows, to help countries and companies make quantifiable and meaningful progress, and hasten their transition into a carbon-free future," she said.

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Cloud Computing Market Size, Scope, Growth Opportunities, Trends by Manufacturers And Forecast to 2029 This Is Ardee – This Is Ardee

New Jersey, United States TheCloud ComputingMarket research guides new entrants to obtain precise market data and communicates with customers to know their requirements and preferences. It spots outright business opportunities and helps to bring new products into the market. It identifies opportunities in the marketplace. It aims at doing modifications in the business to make business procedures smooth and make business forward. It helps business players to make sound decision making. Cloud Computing market report helps to reduce business risks and provides ways to deal with upcoming challenges. Market information provided here helps new entrants to take informed decisions making. It emphasizes on major regions of the globe such as Europe, North America, Asia Pacific, Middle East, Africa, and Latin America along with their market size.

Such unique Cloud Computing Market research report offers some extensive strategic plans that help the players to deal with the current market situation and make your position. It helps in strengthening your business position. It offers better understanding of the market and keep perspective to aid one remain ahead in this competitive market. Organizations can gauze and compare their presentation with others in the market on the basis of this prompt market report. This market report offers a clarified picture of the varying market tactics and thereby helps the business organizations gain bigger profits. You get a clear idea about the product launches, trade regulations and expansion of the market place through this market report.

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Key Players Mentioned in the Cloud Computing Market Research Report:

Google LLC, Amazon.com Inc., Oracle Corporation, Microsoft Corporation, Alphabet Inc SAP SE, IBM Corporation, Alibaba Group Holding Ltd., Cisco Systems, Adobe Systems Inc.

Cloud ComputingMarket report consists of important data about the entire market environment of products or services offered by different industry players. It enables industries to know the market scenario of a particular product or service including demand, supply, market structure, pricing structure, and trend analysis. It is of great assistance in the product market development. It further depicts essential data regarding customers, products, competition, and market growth factors. Cloud Computing market research benefits greatly to make the proper decision. Future trends are also revealed for particular products or services to help business players in making the right investment and launching products into the market.

Cloud ComputingMarket Segmentation:

Cloud Computing Market, By Service

Infrastructure as a Service (IaaS) Platform as a Service (PaaS) Software as a Service (SaaS)

Cloud Computing Market, By Deployment

public cloud private cloud hybrid cloud

Cloud Computing Market, By End User

BFSI IT and telecom Manufacturing, retail and consumer goods Media and entertainment Government and public sector

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For Prepare TOC Our Analyst deep Researched the Following Things:

Report Overview:It includes major players of the Cloud Computing market covered in the research study, research scope, market segments by type, market segments by application, years considered for the research study, and objectives of the report.

Global Growth Trends:This section focuses on industry trends where market drivers and top market trends are shed light upon. It also provides growth rates of key producers operating in the Cloud Computing market. Furthermore, it offers production and capacity analysis where marketing pricing trends, capacity, production, and production value of the Cloud Computing market are discussed.

Market Share by Manufacturers:Here, the report provides details about revenue by manufacturers, production and capacity by manufacturers, price by manufacturers, expansion plans, mergers and acquisitions, and products, market entry dates, distribution, and market areas of key manufacturers.

Market Size by Type:This section concentrates on product type segments where production value market share, price, and production market share by product type are discussed.

Market Size by Application:Besides an overview of the Cloud Computing market by application, it gives a study on the consumption in the Cloud Computing market by application.

Production by Region:Here, the production value growth rate, production growth rate, import and export, and key players of each regional market are provided.

Consumption by Region:This section provides information on the consumption in each regional market studied in the report. The consumption is discussed on the basis of country, application, and product type.

Company Profiles:Almost all leading players of the Cloud Computing market are profiled in this section. The analysts have provided information about their recent developments in the Cloud Computing market, products, revenue, production, business, and company.

Market Forecast by Production:The production and production value forecasts included in this section are for the Cloud Computing market as well as for key regional markets.

Market Forecast by Consumption:The consumption and consumption value forecasts included in this section are for the Cloud Computing market as well as for key regional markets.

Value Chain and Sales Analysis:It deeply analyzes customers, distributors, sales channels, and value chain of the Cloud Computing market.

Key Findings:This section gives a quick look at the important findings of the research study.

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Cloud Computing Market Size, Scope, Growth Opportunities, Trends by Manufacturers And Forecast to 2029 This Is Ardee - This Is Ardee

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Fintech’s Future Is Being Shaped By Cloud Technology – Inventiva

Fintechs future is being shaped by cloud technology

Despite the epidemic, which affected companies all over the world, digital technologies were adopted at an exponential rate, with cloud computing emerging as a critical enabler. Organizations have benefited from the use of cloud technologies in establishing a data- and technology-first work culture.

The fintech sector is booming and has more unicorns than any other. It has become necessary for fintech to use cloud technology due to the large amounts of data that need to be securely managed, stored, and analyzed. This is in keeping with the DNA of Fintech, which emphasizes responsibility for the custody of sensitive information and speed, scalability, and agility.

Financial Services have higher expectations from technology in terms of its ability to truly comprehend the industry and have a well-considered 360-degree picture of what customers, firms, regulators, and market infrastructure institutions are expecting from it.

Technology in financial services is comparable to a driver who not only controls the steering wheel and presses the accelerator but is also acutely aware of the passengers expectations for the destination, speed, safety, and dependability, as well as the dynamics of other vehicles on the road and the requirements of non-negotiable rules and regulations.

The following translates explicitly to Financial Services Technology as follows:

Todays demands for fintech may be satisfied by cloud technologies, which can act as a one-stop shop. Due to the development and maturity of cloud technologies, which have a fascinating history and validation for offering scalability, availability, dependability, agility, security, and favourable economics, fintech is now fully operating as a Cloud First industry.

Its interesting to note that the market for Cloud Technology Providers is a prime candidate for oligopoly. As an infrastructure solution, cloud computing has developed into a somewhat commoditized industry with expectations that are based on the lowest common denominator for scalability, security, agility, etc. As a result, a decision-maker for a cloud technology offering has advanced to the expectation of having a Business Operations Partner job based on three main qualifications:

The future of the partnership between fintech and the cloud is quite positive and comforting. Cloud computing should function as a Direct to Business service for the ensuing ten years, coupled with its market solutions. Deeper domain-oriented solutions addressing Business, Product, and Regulatory needs should result from collaboration and cross-pollination of ideas, knowledge, and talent. Additionally, Next-Gen Fintech DevOps should mature into a low-tech/no-tech self-help Direct the Business operating model as computing power continues to grow exponentially.

Future attention would undoubtedly be directed toward more in-depth financial services (FS) domain-focused cloud marketplace solutions and offerings that are relevant to particular regulatory and market requirements, better commitment to the portability of business accounts, and even cloud marketplace solutions by the ecosystem partners across Cloud infra providers, taking a scale-agnostic approach when forming business partnerships with Fintechs, and making poly cloud technology stack reality for even not so large Fintechs.

Cloud technology in India has impacted the financial sector and is here to stay thanks to a fast developing business. Over the last ten years, it has developed into one of the most productive and creative enterprises, providing cutting-edge services to the fintech industry, which ultimately sparked the Industrial Revolution.

The corporate sector is being completely revolutionized by financial technologies. The need for digital money transfers, payment procedures, online lending, and online stock trading platforms has witnessed a significant shift in the previous ten years, as has the perception of traditional banking and lending. The financial sector, which benefited from the digital revolution, was transformed by creative minds into the next technological boom. Fintech entrepreneurs are reshaping culture with ground-breaking concepts that solve problems linked to money that we face on a daily basis.

Fintech firms employ technology in a way that has never been done before to build a functional financial system. One of them, cloud computing, is shaking up the financial industry. Cloud service providers for the fintech industry are maximizing its potential. Banks and Fintech companies can innovate thanks to cloud computing, which also helps them save money on operational and regulatory expenses. Customers gain because it increases the banking sectors efficiency and competitiveness.

Fintech businesses are embracing cloud computing as a rising technology since it offers solutions to many of the intricate issues related to financial needs. Any traditional organization that incorporates technology gains a competitive edge, and cloud technology offers the corporate sector several benefits.

In the financial sector, the cloud offers great security, quick service, creative procedures, and endless scalability. 23.84 per cent of the anticipated compound annual growth rate has been accounted for by the cloud.

What makes cloud technology the most alluring in the fintech sector, and why is it in such high demand?

In the age of competition, the majority of large financial institutions and smaller financial startups are rushing to integrate technology in order to provide their clients with greater speed, constant connectivity, data security, and flexibility.

In contrast to traditional data systems, a cloud-based data management system facilitates data change. It is crucial to choose the appropriate tools and procedures when new financial activities like cryptocurrency exchange platforms, crowdfunding, online banking, money-saving applications, etc., emerge as fintech firms become more cloud-centric. They carry out a variety of tasks, including managing accounts, confirming identities, showing live trading, showing account or wallet balances, and examining spending patterns.

Organizations can store, manage, and retrieve data at a high-level thanks to cloud computing, which also provides high security, space flexibility, and cost efficiency on demand, from any location, at any time.

A cloud systems built-in capability to carry out autonomous duties that have been predetermined by the organizations system includes automatic security parameter analysis, web application testing, automated data breach provisions, and more.

Financial players will be freed by disruptive technologies like blockchain, AI, deep learning, and others since the cloud can enhance platform integrity through automated security procedures and controls.

Using cloud technology, specialized processes like banking, credit scoring, and fraud detection may be completed more rapidly and efficiently.

Business continuity can only be effective if you always have access to your vital information, both for routine work and in an emergency.

Fintech deals with extremely decisive operations like lending money, banking, payments, and trading, which require watertight recovery plans for data loss contingencies to ensure that your firm can run as usual while securely recovering from a disaster.

Fintech has benefited from cloud computings resiliency and protection of its essential skills. Additionally, to prevent hacking and other serious security concerns, the data stored in the cloud is encrypted.

The agility that clouds computing technology brings to the table has helped the financial sector innovate. Financial institutions can create and promote products more quickly thanks to cloud computing in the fintech industry, and they can also react swiftly to changing consumer wants and new trends. The Covid-19 outbreak caused various challenges for the fintech sector, but cloud computing has rapidly and readily benefited financial services firms.

One of the factors driving fintechs use of cloud technology is its robust integrated security system. Since financial information is so important, security should always come first. Therefore, executives in the financial industry can relax knowing that their data is secured thanks to the extremely secure environment provided by cloud technology.

It is troubling that, according to the Information Age research, 42 per cent of financial institutions lack space for protected data. Implementing cloud technologies may offer the same degree of security as high resilience through its security infrastructure, but traditional IT infrastructure runs the risk of cyberattacks to malware threats and emails.

Additionally, Zero-Trust verification and encrypted data have raised the bar for cloud security. The use of new technologies and improvements will guarantee that fintech firms systems have the necessary safeguards in place.

It is painfully obvious how expensive operational expenditures may become for the aforementioned reasons. Compared to building and maintaining all the required infrastructure, cloud services are very cheap. Data storage and resource management do not need any more time, effort, or resources. As a result, employing cloud computing in fintech may save businesses money on system development, so they can use that money to enhance and modernize their core services.

One of the fastest-growing segments in the internet industry, fintech businesses recognize the need for safe online financial transactions among consumers. Therefore, businesses require a supportive atmosphere and infrastructure to reach their long-term business objectives without erecting pointless obstacles that impede their ability to advance. Fintech and cloud technology work hand in hand to swiftly scale up the business while saving money on the costs of setting up on-premises equipment and its updating and maintenance.

By enabling the flexibility to respond to branch closures while continuing to serve as many clients as is practical, the cloud platforms level of flexibility in comparison to traditional banking institutions is demonstrated.

With the advent of cloud computing, it is now more easy and simple to plan the creation and introduction of novel goods and services, which has been a barrier to the financial sectors reluctance to adapt to changing customer requirements.

Because of the clouds combination of huge data and potentially endless processing capability, banks may now have a deeper understanding of their consumers than ever before. Finance companies who miss out on this once-in-a-lifetime chance to design highly customized solutions to meet the demands of their clients will pay the price by losing important demographics.

With the help of cloud computing, the service is always fully functional, and the client obtains far better service in general. This allows the business to focus on providing exceptional customer service at their end of the line.

Challenger banks and fintech companies that specialize in niche financial sectors are giving established financial institutions a run for their money in todays banking industry, which is more competitive than ever. Customers expectations for the quality of financial service have already increased. As a result, traditional banks and the still-growing alternative finance sector, which includes fintech and challenger banks, provide banks with the unprecedented competition. Two key factors driving this rivalry are the exponential rise of data and cloud technologies to offer precise, in-depth, and rich consumer insights.

The standard was significantly higher after the epidemic. Customers, especially members of Generation Z and millennials, would go for another financial service provider if banks dont meet their expectations. Banks must deploy more cloud-based, data-efficient services throughout their whole organization in order to fulfil this demand. In their operations and business models, proactive banks have already identified time-consuming and ineffective processes that may be swiftly improved using cloud technology.

By simplifying processes and using capabilities for greater performance, introducing the cloud into current tech infrastructures will change their design. To maintain a high degree of efficiency, a large corporation that operates in several places and has a wide range of target demographics must optimize the business process.

The ability to evaluate and foresee pertinent consumer insights based on market data is the key role of cloud computing in fintech in increasing operational efficiency. Financial services companies that successfully use this approach get an edge over their rivals by deftly navigating recent industry innovations and breakthroughs.

Choosing Fintech Cloud Service Providers: Best Practices

Data documentation, data storage behind highly secure walls, and information exchange are the criteria that are unique to the banking and fintech industries. Before choosing a reputable service provider, it would be prudent to take a few technological factors into account.

Tech-savvy financial institutions have recognized the agility potential of cloud computing and how it may help them dominate their industry. Today, cloud computing extends its influence to the fintech sector by creating and offering cutting-edge goods and services, establishing smooth client interactions, and raising income through partnerships with linked businesses. Therefore, be aware of the clouds scope. The fintech sector is booming and has more unicorns than any other. It has become necessary for fintech to use cloud technology due to the large amounts of data that need to be securely managed, stored, and analyzed.

Renting cloud services versus purchasing physical gear to process all of your data has significant financial and operational advantages. Businesses that use cloud technology in their operations benefit from greater security, dependability, scalability, efficiency, access to a much broader infrastructure, and several other advantages.

The fintech sector profited from the cloud migration of old system processes by creating a more adaptable and customer-centric business model to generate revenue and support growth.

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From resilience to digital perseverance: How organizations are using digital technology to turn the corner in unprecedented times – The Official…

Photo credit: Weiquan Lin/Getty Images

Our annual partner conference, Microsoft Inspire, just concluded. The conversations I had with Microsofts partner community echo those I have had recently with leaders from both established organizations and earlier-stage enterprises. Leaders across industries share a commitment to innovation as the only path forward through uncertainty in global markets, especially as they continue to strengthen their security posture, reduce their carbon footprint, inject more visibility into their supply chains, and promote more inclusive prosperity in the communities where they operate.

I see this shared commitment as part of a trend I call digital perseverance. It is the ability oforganizations to thrive despite risk when they harness and wield digital technology to achieve their business goals and do more with less. Here are examples of organizations that have embraced digital capabilities to persevere in collaboration with Microsoft.

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Last week, Oracle and Microsoft announced the availability of Oracle Database Service for Microsoft Azure. Earlier this month, we completed the acquisition of Miburo to boost threat intelligence research into new foreign cyber threats, and Netflix announced Microsoft as technology and sales partner for its new consumer subscription plan. P&G has selected Microsoft as its preferred cloud provider to enable scalable predictive maintenance, controlled release, touchless operations and manufacturing sustainability optimization from diapers to paper towels. American Airlines has chosen Microsoft Azure as its preferred cloud platform, applying AI, machine learning and data analytics to reduce time waiting on the runway, saving thousands of gallons of jet fuel per year and giving connecting customers extra time to make their next flights.

The industrial metaverse has the potential to simultaneously improve supply chain resiliency, business efficiency and sustainability.When organizations make or move goods, they leave a carbon footprint.With the industrial metaverse, they can simulate manufacturing processes and supply chain scenarios infinitely in the cloud before a product is made or moved. The result: less waste, water consumption and carbon emissions all while creating better products more efficiently and sustainably.

Manufacturers set new quality standards with digital twins and mixed realityBelgium-based AB Inbev, the worlds largest brewery, is creating a digital model of their breweries and supply chain with Azure Digital Twins, enabling brew masters to make the highest quality beer and front-line operators to remotely monitor quality and traceability data. Bosch is using an Integrated Asset Performance Management (IAPM) solution powered by a digital twin on Azure that enables rotating machines, like turbines and electric motors, to indicate when they need maintenance to run with optimal costs and maximum efficiency. Kawasaki Heavy Industries, a global leader in industrial robots, is building a digital environment for robotics, which enables collaboration in the industrial metaverse and remote operations of robots utilizing Microsoft technologies like Azure IoT and Azure Digital Twins. Hyundai Motor Group is establishing an electric vehicle battery asset management platform with Azure Digital Twins to increase battery management efficiency. Denmark-based Novo Nordisk, a leader in the global production of diabetes medicine, is using technologies like HoloLens 2 and Dynamics 365 to make production processes more efficient while maintaining the highest quality standards and complying with authority requirements and regulations.

AI and supercomputing technologies unlock mobility innovations across the value chainCroatian automotive company Rimac Technology is combining its high-performance engineering with Azure high-performance computing to build powerful electric vehicles through virtual prototyping. Automotive supplier thyssenkrupp Automotive Technology is standardizing its complex customer relationship management with Dynamics 365, reducing the time-to-quote by 75 percent. U.K.-based Wayve is scaling the development of AI-based models for autonomous vehicles with Azure supercomputing technologies. Germany-based Volocopter is working with Microsoft to develop an aerospace cloud system on Azure to address the cloud computing requirements of urban air mobility and autonomous aviation. With Azure OpenAI Service, CarMax is imagining new ways to make the process of buying a pre-owned vehicle hassle-free, bringing integrity, trust and transparency to the used car industry. With HoloLens 2, Volkswagen and Microsoft are putting augmented reality glasses in motion, unlocking new entertainment experiences for passengers.

Sustainability is todays differentiator across industries for a better futureNorway-based energy company Equinor is establishing a Microsoft Power Platform Center for Enablement to nurture greater innovation through low-code development, helping the company achieve its sustainability goals as it transitions toward renewables. Czech Republics energy supply company innogy is using Microsoft Power Apps to create detailed proposals for custom home photovoltaic systems 25 percent faster. Grupo Bimbo, the Mexico-based producer of baked goods and snack foods, is rolling out Microsoft Cloud for Sustainability to all its global operations to collect, track and analyze strategic metrics of its sustainability strategy, working toward zero waste and zero carbon emissions. French start-up Metroscope is working with Azure Kubernetes Service and Microsoft security services to develop digital twin solutions for energy production plants which improve monitoring and efficiency with the potential to reduce carbon emissions by 900,000 tons per year. With Microsoft Cloud for Sustainability capabilities, the Las Vegas Raiders, a U.S. National Football League team, can monitor energy, water and waste metrics and usage and keep track of HVAC (heating, ventilation and air conditioning) electrical usage. For example, its sustainability metrics dashboard helps analyze weather data and regulate the temperature within its stadium.

Cybersecurity solutions empower hybrid work and drive customer trustThe Food Standards Agency is overseeing food safety in England, Northern Ireland and Wales, keeping the U.K.s food supply safe and secure with Microsoft Purview. The City of Marion in Australia is also using Purview to provide residents with secure government services. Adobeis giving Acrobat users the ability to apply Purview Information Protection labels and policies to their most important documents. The global exam provider Pearson VUE aces data safety with Microsoft Sentinel across a multicloud and hybrid cloud environment. The Commonwealth of Massachusetts is shaping the future of work for state employees eight years ahead of schedule, enabling its 40,000 employees to work securely from anywhere with the help of Defender for Office 365, Microsoft 365 and Surface tablets. With Azure Active Directory and Microsoft Sentinel, iHeartMedia is delivering a more streamlined user experience and lower licensing costs in the audio media world where security is non-negotiable. Tower in New Zealand is enhancing its employees remote work experience with Microsoft Endpoint Manager. With attack simulation training in Microsoft Defender for Office 365, Malaysia-based telecommunications company Celcom has reduced the time spent on creating attack simulations by 70 percent, improving awareness for its workers to recognize cyberthreats and phishing attempts.

Access to digital technology connects communities and helps people in needU.K.-based nonprofit Barnardos is connecting hundreds of thousands of families and children in need to valuable social services each year, deploying Microsoft Cloud services and Microsoft Surface devices to help employees be more effective. Part of the United Nations, Switzerland-based International Organization for Migration is moving to the Microsoft Cloud to focus on its humanitarian mission of supporting end-to-end migrant journeys, helping 30 million people every year with practical solutions to migration issues stemming from social, cultural, environmental and economic causes. The Housing and Urban Development Company of So Paulo in Brazil is working with Dynamics 365, Power Apps and Microsoft 365 to identify community needs and create housing projects through a centralized customer relationship management system. Singapore-based Nanyang Polytechnic is working with Microsoft to open the Centre for Applied AI to nurture AI talent for the workforce of the future and empower small- and medium-sized enterprises with the tools and expertise they need to embark on their digitalization journey. Thanks to broadband access provided through the Airband initiative and local broadcasting partner Telecaribe, 650 children from eight schools around Ovejas, Colombia have been able to experience internet connectivity for the first time.

With digital perseverance as an imperative, companies have continued to deliver outsize business value and outcomes, despite significant challenges in recent years. We remain incredibly inspired by what they have achieved and how they are positioned to navigate the landscape ahead. Further, we are committed to serving as their digital technology partner of choice on that journey.

Tags: AI, Azure, Digital Twins, Dynamics 365, HoloLens 2, metaverse, Microsoft 365, Microsoft Cloud, Microsoft Defender, Microsoft Teams, Security, Surface, sustainability

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