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At a CAGR of 23.2%, Operational Predictive Maintenance Market to grow globally during 2020-2027 – Coherent Market Insights

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SEATTLE, May 22, 2020 (GLOBE NEWSWIRE) — Operational predictive maintenance software collects multiple data resources in real-time, in order to predict issues regarding quality and asset failure. Corporate companies in many sectors are adopting to minimize maintenance costs and prevent downtime. Furthermore, operational predictive maintenance includes consulting services, training & support, and implementation and integration. These services optimize the operational process by supporting operational departments by using advanced analytics software in their day-to-day business process. Operational predictive maintenance software can help to detect failure patterns and minute anomalies, which can avert the greatest risk of failure.The global operational predictive maintenance market is estimated to account for US$ 1,138 Mn in 2019 and is expected to grow at a CAGR of 23.2% over the forecasted period 2020-27.Market Drivers:Increasing use of emerging technologies to gain valuable insights is expected to accelerate growth of the global operational predictive maintenance market during the forecast periodVarious companies, especially manufacturing organizations are increasingly adopting emerging technologies, in order to gain vital insights. These technologies can predict failure in equipment and reduce losses. Latest development in technology has led to increased adoption of predictive maintenance solutions with easy availability for manufacturers. With increasing adoption of IoT and artificial intelligence, implementation of operative predictive maintenance is expected to increase. Thus, these factors are expected to accelerate growth of the global operational predictive maintenance market in the near future.Growing requirement of reduced maintenance cost and downtime is expected to support the global operational predictive maintenance market growth over the forecast periodThe need for reduced maintenance costs and downtime has increased in the recent past. Corporate as well as manufacturing companies are focused on reducing cost of unwarranted maintenance operations. As a result of this major manufacturer as well as SMEs are implementing predictive maintenance software. Thus, these factors are expected to boost the global operational predictive maintenance market growth over the forecast period.Market Opportunities:Advent of real-time condition monitoring can provide excellent growth opportunitiesGrowing adoption of cloud-based software can offer significant business opportunitiesRequest for Sample PDF copy @ https://www.coherentmarketinsights.com/insight/request-sample/3416Key Takeaways:North America holds the dominant position in the global operational predictive maintenance market and is expected to witness significant growth over the forecast period 2020-27. This is owing to increasing adoption of IoT technology and big data technology in the North America region. Furthermore, North America is has large presence of technology companies such as Google Inc., Facebook Inc., Microsoft Corporation and others which are highly investing in the emerging technologies such as IoT, AI, ML, and others.Among end user, manufacturing segment is expected to dominate the global operational predictive maintenance market over the forecasted period 2020-27. This is owing to growing maintenance need of manufacturing equipment to reduce the machine downtime. Moreover, in the recent past, manufacturing industry is shifting toward Industry 4.0, which enables companies to adopt the robotics and other related technologies. Thus, adoption of Industry 4.0 in the manufacturing industry is expected to drive theAmong Deployment Mode type, cloud based segment is expected to create a lucrative opportunity for global operational predictive maintenance market during the forecast period 2020-27. This is owing to features provided by cloud type model such as multiple device access with simple internet connection, eliminating the need of IT infrastructure and others. Due to these features many companies in the various sectors are adopting cloud based operational predictive maintenance software. For instance, September 2018, Chevron Corporation, a US based Oil industry company, launched operational predictive maintenance software, to predict the problems in its oil fields and refineries.Competitive Section:Major players operating in the global operational predictive maintenance market are Robert Bosch GmbH, General Electric Company, PTC, Inc., IBM Corporation, Rockwell Automation Inc., SAS Institute Inc., eMaint Enterprises LLC, Schneider Electric SE, and Software AG.Buy-Now this Research Report @ https://www.coherentmarketinsights.com/insight/buy-now/3416Key DevelopmentsMajor market companies are involved in partnerships and collaborations, in order to enhance the market presence. For instance, in November 2017, PTC, Inc. partnered with Senseye to offer predictive maintenance.Key companies are focused on collaborations and partnerships, in order to strengthen market position. For instance, in November 2018, Rockwell Automation Inc. collaborated with Metso Metric for predictive maintenance solutions for mining equipment.Market Segmentation:By TypeSoftwareServicesImplementation and IntegrationTraining & SupportConsultingDeployment ModelOn-premiseCloud-basedBy End UserPublic SectorAutomotiveManufacturingHealthcareEnergy & UtilityTransportationOthersBy RegionNorth AmericaLatin AmericaAsia PacificEuropeMiddle East & Africa
Mr. Shah
Coherent Market Insights
1001 4th Ave. #3200 Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

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Tempus Launches COVID-19-Specific Clinical and Research Initiatives for Oncology

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CHICAGO, May 30, 2020 (GLOBE NEWSWIRE) — Tempus, a technology company advancing precision medicine through the practical application of artificial intelligence in healthcare, introduced a series of offerings designed to both advance vital research and support physicians in treating cancer patients, despite the challenges of the COVID-19 pandemic. Tempus is equipping physicians with the tools they need to treat high-risk patients while limiting their exposure to the virus, with mobile phlebotomy services, on-demand virtual case reviews, and COVID-19 PCR diagnostic testing for cancer patients.
“Cancer continues to be among the leading causes of death worldwide, and now more than ever, it is critical that cancer patients continue to receive the care and treatment they need for survival despite the pandemic,” said Eric Lefkofsky, Founder and CEO. “In the last few months, we’ve quickly mobilized to create offerings that ease the burden on physicians treating cancer patients amidst the threat of COVID-19, through a series of services and tests that are badly needed to ensure therapies aren’t disrupted.”COVID-19 PCR Diagnostic Testing
Earlier this month, Tempus launched a diagnostic polymerase chain reaction (PCR) test for COVID-19. Tempus’ CAP-accredited/CLIA-certified labs in Chicago and Atlanta are supporting the acceleration of testing in the U.S., and expect to test approximately 12,000 patients daily across both labs, with the ability to scale further if needed. Tempus makes it seamless for physicians to test their patients for the virus, providing results within 24-48 hours at no cost to the patient as Tempus bills insurance directly.  
Mobile Phlebotomy
Tempus now offers mobile phlebotomy services, which are available to patients who require a blood draw but are too sick or unable to travel to the clinic, or do not have access to an in-office phlebotomist or draw site. Experts are able to perform blood draws in patients’ homes for any Tempus test in which a blood sample is required, at no added cost.
Virtual Case Reviews
Tempus’ on-demand virtual case review system provides clinical support to physicians and care teams in a timely manner when an in-person meeting isn’t possible. Tempus’ Medical Affairs team is available to answer patient report questions in real-time in a secure portal.   In addition, Tempus now offers a variety of tele-health support services specific to COVID-19 if needed.
Research Collaboration
Tempus has launched a large research collaboration to structure data for up to 50,000 COVID-19 positive patients.  As part of the IRB approved study, Tempus is partnering with providers to collect data on COVID-19 patients, which Tempus is structuring and de-identifying without cost.  In addition, Tempus expects to perform full transcriptomic profiling of approximately 10,000 patients within the cohort. All data will be shared with all participating institutions without restriction. 
About Tempus
Tempus is a technology company advancing precision medicine through the practical application of artificial intelligence in healthcare. With one of the world’s largest libraries of clinical and molecular data, and an operating system to make that data accessible and useful, Tempus enables physicians to make real-time, data-driven decisions to deliver personalized patient care and in parallel facilitates discovery, development and delivery of optimal therapeutics. The goal is for each patient to benefit from the treatment of others who came before by providing physicians with tools that learn as the company gathers more data. For more information, visit tempus.com.
Erin Carron
communications@tempus.com

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Tempus’ TIME Trial™ Program Reaches Critical Scale and Operational Milestones

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CHICAGO, May 29, 2020 (GLOBE NEWSWIRE) — Tempus, a technology company advancing precision medicine through the practical application of artificial intelligence in healthcare, has reached a milestone in fully enrolling 2,500 oncologists into its Tempus Integrated Molecular Evaluation (TIME) Trial™ Program that seeks to rapidly match patients largely in the community setting to targeted clinical trials. To date, Tempus has signed up over 50 provider networks, over 30 unique biomarker trials, and has rapidly opened sites onto trials in an average of 10 days. Through the TIME Trial™ Program, Tempus is bringing the very best clinical trials to communities across the country, giving thousands of patients access to novel therapeutics.
“We have experience with clinical trial rapid deployment models, however Tempus provides an unparalleled level of commitment and support in aligning all involved parties and streamlining the process, especially given the challenges of the COVID-19 pandemic,” said Dr. Julio Peguero, Director of Research of Oncology Consultants. “We ultimately met our target goal of activating this trial in just two weeks, and hope to do the same for future patients.”Last spring, Tempus launched the TIME Trial™ Program in an effort to increase clinical trial participation by using real-time clinical and molecular data to match patients to trials, and then rapidly open pre-qualified sites once a patient has been identified. Since then, Tempus has built its TIME Trial™ Network, inclusive of some of the country’s top community hospitals and academic medical centers, totaling over 50 research sites and 2,500 oncologists.As of today, the program has 30 pharma-sponsored clinical trials, covering dozens of unique, actionable biomarkers across both solid and hematological malignancies. Every week, Tempus screens thousands of new patients against the criteria of the ultra-rare trials in the TIME Trial™ Network. Thus far, Tempus has matched nearly 1,000 patients to the trials in its portfolio and averaged just under 10 days from patient screened to site activated.“Cutting-edge cancer therapies increasingly target narrower populations of patients, and the clinical trials that study these therapies require equally specific patient populations,” said Amy Franzen, Vice President of Operations and Program Lead. “Tempus is able to use its advanced technology, access to real-time data, and strong operations to get the right patients access to the right therapies, closer to home.”Tempus screens patients from sites in the TIME Trial™ Network against applicable inclusion/exclusion criteria utilizing genomic sequencing data, matched with the patients’ clinical data. Then, Tempus applies its computational algorithm to provide rapid, comprehensive matches to applicable trials that can be brought to the patient. Once a patient has been screened and matched, Tempus provides the patient’s physician with a report that ranks relevant trials. If the physician expresses interest in enrolling his or her patient in a trial, the Site and Sponsor leverage a standard contract, standard rate card, and a central IRB to rapidly open the clinical trial and enroll the patient into the study in under two weeks.For the same reason that precision medicine is now possible due to technological advances such as cost effective genomic sequencing at scale, the maturing of artificial intelligence, and the evolution of cloud technology, it is now possible to run clinical trials more efficiently and based on real-time data. Tempus is increasing the speed of clinical trials and reaching into community settings, where the majority of cancer patients are treated today.About Tempus
Tempus is a technology company advancing precision medicine through the practical application of artificial intelligence in healthcare. With one of the world’s largest libraries of clinical and molecular data, and an operating system to make that data accessible and useful, Tempus enables physicians to make real-time, data-driven decisions to deliver personalized patient care and in parallel facilitates discovery, development and delivery of optimal therapeutics. The goal is for each patient to benefit from the treatment of others who came before by providing physicians with tools that learn as the company gathers more data. For more information, visit tempus.com.

Erin Carron
communications@tempus.com

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Completely Online Summer Math Camps Offered to Meet Strong Demand from Parents During COVID-19

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San Diego, May 29, 2020 (GLOBE NEWSWIRE) — Parents looking for a summer camp this year may find that there are limited options due to COVID-19 social distancing guidelines. Art of Problem Solving (AoPS), a leader in math education that has prepared hundreds of thousands of students for some of the most prestigious universities, has transformed its Summer Camp activities online to create a collaborative learning and social space for children in third grade through high school. The Summer Camp activities help students develop problem solving skills through group activities in math and related subjects.Though this is the fourth year that Art of Problem Solving has offered a Summer Camp, this is the first time the organization is offering the camp experience completely online. Activities include learning how to develop cryptographic skills to protect internet security, to a class that integrates math learning as part of a poetry project that concludes with a Poetry Slam. The two-week and four-week sessions start in June and last through the summer.“As a result of the COVID-19 pandemic, many parents are seeking a summer camp experience for their children that conforms to social distancing norms while encouraging learning and collaboration,” said Richard Rusczyk, the founder of Art of Problem Solving, which has offered classes since 2003. “At Art of Problem Solving, we quickly adapted our on-campus Summer Camp experience with our online academic models. Our first-ever online Summer Camp is designed to encourage students to develop problem solving skills in a personalized and collaborative group environment.”The COVID-19 pandemic has created wider public awareness of the relevancy of math and statistics in everyday life. Rusczyk said his organization has seen that interest reflected in demand from more parents and children who see math skills as increasingly important. Also, in response to COVID-19, the company offered for a limited time a free trial to its Beast Academy program that integrates comic-style “beast” characters and exercises, puzzles and games.The Art of Problem Solving began in 1993 with a pair of textbooks for middle and high school math contest participants. Ten years later, Art of Problem Solving launched a website with an online school and full math curriculum designed for high-performing math learners. Every member of the 2015, 2016, 2018, and 2019 U.S. International Math Olympiad teams―each of which took first place in the competition―are Art of Problem Solving alumni who collectively participated in more than 110 Art of Problem Solving Online courses. The Art of Problem Solving is an ACS WASC Accredited School that offers programs online and, prior to COVID-19, at its nationwide campus locations. The organization also works with school districts to integrate their offerings as part of school math lessons.Looking beyond the immediate pandemic, problem solving skills are considered to be essential to the nation’s future workforce. As professions shift toward greater use of automation and artificial intelligence, there is expected to be an increased demand for people who have the ability to identify creative solutions and manage these developments. Critical thinking and problem solving is a top skill identified by National Association of Colleges and Employers.About Art of Problem SolvingArt of Problem Solving has successfully trained hundreds of thousands of motivated students in preparation for success at top-tier colleges and careers. Through rigorous, high-quality K-12 math curriculum, online classes and learning centers, Art of Problem Solving trains today’s brightest minds to solve tomorrow’s challenges. For additional information, visit www.artofproblemsolving.com.Jaclyn Walian
MIG
jwalian@migcom.com

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