Artificial Intelligence
Global Electro Optical Systems Market Analysis, Trends, and Forecasts 2020-2027
Dublin, Sept. 18, 2020 (GLOBE NEWSWIRE) — The “Electro Optical Systems – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
A pandemic of unprecedented proportions in terms of scale and speed, COVID-19 is creating a mixed bag of current challenges and long-term opportunities for high-tech industries. The global contagion has irreversibly changed life and behavior of governments, companies and people. The post COVID-19 period will require new capabilities and newer ways of working and operation. Conventional best practices have already fallen by the wayside amid the disruption and destruction. Technology will now take precedence and will have a bigger role to play in all facets of life. Use of artificial intelligence, IoT, robots, machines, drones, cloud computing, optical communications, internet, automation and remote collaboration, among others will rise in significance and adoption in the new world obsessed with social distancing and no-contact operation. As a technology that is important to the future of electrical engineering, materials science and physics, the global market for electro optical (EO) systems is expected to share the optimism surrounding a future built around smart technologies. Defined as a technology that makes use of a mix of optics and electronics for generating, detecting and measuring radiation in the optical spectrum, EO systems find uses in UAVs/UGVs, 3D printing, defense and space systems, imaging, machine vision and remote sensors. EO systems can measure electromagnetic spectrum with wavelengths in the 0.1-1000 micrometers range, which comprises visible light, infrared radiation and ultraviolet radiation. Healthy long-term demand growth is forecast for the market, given the widespread application possibilities in a number of commercial and military applications. Currently however with several of the end-use industries caught in the financial storm raised by the COVID-19 pandemic, the market will slump in the year 2020 by -12% before recovering to reach US$14. 8 billion by the year 2027 trailing a CAGR of 4.1%. Market for military EO systems which is dependent on the acquisition of defense platforms will hurt from the expected cuts in defense budgets as pandemic scarred governments seek to reduce their fiscal deficits in the coming years.
In the midst of the short-term and medium term challenges, innovation is nevertheless running high. As desperation rises in parallel to the escalating pandemic and testing needs, the science of physics, photonics and electrical engineering is being put to the test. A cut above biochemical tests, new electro-optical based COVID-19 testing brings the promise of reducing cost per test and result turnaround time to just 15 minutes. An Israeli researcher at the Ben-Gurion University of the Negev (BGU) announced development of a test, which is capable of identifying people with COVID-19 virus in less than a minute. The affordable system comes with claims of over 90% accuracy. Generally PCR test kits require hours and days for providing results of COVID-19 patients, and entail biological samples to be shipped raising the risk of infection. The BGU device is a point of care device that can reduce time and also address logistical issues. BGU`s test is based on an electro optical, which is capable of detecting and identifying biological samples. The method takes into account changes in THz spectral range resonance that is imposed by the corona virus through THz spectroscopy carried on an electronic chip. The test can be performed in non-lab environments.
In the post COVID-period, EO technologies will take a quantum leap as focus returns to the development of powerful, lightweight and cost-effective electronics and electrical systems. Growing commercial value of lasers and laser-related equipment will expand application possibilities for EO systems. This expanding use of unmanned systems in the coming years also bodes well for growth. EO systems are incorporated into UAVs to provide a wide range of capabilities including range finding, target acquisition, imaging and surveillance. The growing adoption of small UAVs due to their strategic advantages will prompt technology vendors to offer compact electro optical and infrared systems. Integrated into small UAVs, these systems are capable of efficiently dissipating the heat without affecting UAV performance. In addition, the introduction of cost-efficient cooling technologies is expected to provide new opportunities to suppliers of cooled thermal imaging cameras. The trend will drive adoption of electro optical and infrared systems in the defense industry as sensors integrated into thermal imaging cameras can improve surveillance and target detection capabilities of UAVs.
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Electro Optical Systems Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- A Prelude to Electro Optical Systems
- Electro Optical Systems Market on a Growth Trajectory
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rising Military Expenditure to Drive Demand for Electro Optical Systems
- Recent Important Developments
- Fiber Optic Sights
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/osn4r7
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Artificial Intelligence
First Comprehensive Report on Public Web Data Released by Bright Data
Reveals necessity in every industry
NEW YORK, April 23, 2024 /PRNewswire/ — Released today, The State of Public Web Data Report 2024, details a comprehensive analysis on how organizations leverage public web data to drive innovation, enhance customer experience, and develop AI models.
Bright Data commissioned an independent third-party to carry out the first survey of this kind which details the emergence of public web data as the most valued data type. Nearly every organization surveyed uses and benefits from public web data through quicker decision-making, boosting revenue, and meeting customer needs.
The need for public web data in AI is clear in all industries, with more than half of respondents using public web data to build AI models for customer service or to meet internal needs such as fraud detection and risk assessment.
Although necessary to build AI machines, 72% of respondents are worried that public web data will no longer be accessible in the next 5 years. The lack of a legal framework to protect this data emerged as a top concern.
Other key insights from the report:
89% of respondents recognize public web data is crucial or very important to the global economy.82% of respondents say public web data is critical to the future of their organization.79% of respondents agree that large organizations and or big tech hide too much of their public web data.88% of respondents believe public web data is critical for the development of AI models.”Our findings reveal a clear consensus among industry leaders: leveraging public web data is key to unlocking growth and fostering innovation,” said Or Lenchner, CEO of Bright Data. “Public web data is not a ‘like to have,’ it’s a ‘must have’ to conduct business and maintain a competitive market. We understand from our own experience with 20,000 customers that once a business realizes the potential of public web data they will look to discover new ways to leverage this tool to lead against the competition.”
About Bright Data: Bright Data is the #1 web data platform. Fortune 500 companies, academic institutions, non-profits, and small businesses rely on Bright Data’s solutions to collect public web data in the most efficient, reliable, and flexible way to make faster, more informed business-critical decisions.
Contacts:[email protected]
Logo – https://mma.prnewswire.com/media/2276620/Bright_Data_logo__1044x234_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/first-comprehensive-report-on-public-web-data-released-by-bright-data-302124673.html
Artificial Intelligence
OSIA becomes an official International Telecoms Union (ITU) standard
ITU Standardization Sector (ITU-T) Recommendation X.1281 – APIs for interoperability of identity management systems
BRUSSELS, April 23, 2024 /PRNewswire/ — The Secure Identity Alliance (SIA) announced today that its OSIA specification, is recognized as international standard by the International Telecommunication Union’s Telecommunication Standardization Sector (ITU-T). This milestone establishes OSIA as official ITU standard (ITU-T Recommendation) for the global infrastructure of information and communication technologies (ICT).
The specification that is now an ITU-T Recommendation is: ITU-T X.1281 – APIs for interoperability of identity management systems.
ITU-T is the standardization arm of ITU, the United Nations specialized agency for ICT. The Secure Identity Alliance specifications were approved as official ITU-T Recommendations by ITU members including 193 countries and the world’s front-running ICT companies on 1st March 2024. The new ITU-T Recommendation is under the responsibility of ITU’s standardization expert group for security, ITU-T Study Group 17.
“We are very proud that the OSIA specification is recognized as an international standard by ITU-T. This milestone demonstrates the maturity of OSIA and its potential to foster interoperability and promote fairness in the identity management systems market,” said Debora Comparin, Chair of the OSIA Initiative.
Prof. Heung Youl Youm, Chairman of ITU-T Study Group 17, said, “The recognition of the OSIA specification as an official ITU-T Recommendation underscores its critical contribution to the advancement of global ICT infrastructure. We are thrilled about the ongoing collaboration between ITU-T SG17 and the SIA, aimed at developing standards for secure identity management.”
“As Editor of the OSIA standard in the ITU-T Study Group 17 Q10, I am pleased to have contributed to this successful recommendation by the ITU,” said Abbie Barbir, Rapporteur for ITU-T’s working group on ‘Identity management and telebiometrics architecture and mechanisms’ (Q10/17). “The collaboration with the SIA continues on OSIA and other structuring initiatives and standards development.”
Engr Abisoye Coker-Odusote, CEO, National Identity Management Commission (NIMC), Nigeria & Chair of the OSIA Advisory Committee, said, “As the Chair of the OSIA Advisory Committee, comprised exclusively of government representatives, we take great pride in our five years of collaboration guiding the working group in the development of the OSIA specification. OSIA establishes equal marketplace conditions, fosters collaboration, and ensures product compatibility post-mergers and acquisitions. The OSIA standardized interfaces drive innovation, enabling new local market models and reducing fraud within multiple ID systems. Additionally, OSIA addresses integrator/vendor lock-in, allowing governments to maintain control over their identity systems and pursue national development agendas seamlessly.”
“The Secure Identity Alliance has always supported standards and its members have contributed to thousands of standards globally, which are now used in the ICT market. Standards are key to unlock the full power of Identity to enable people, economy and society to thrive,” concluded Didier Trutt, Chairman of the SIA.
X.1281 is at publication stage and can be accessed here: https://www.itu.int/ITU-T/workprog/wp_item.aspx?isn=18778
OSIA v6.1.0. twin specification can be accessed here: https://osia.readthedocs.io/en/v6.1.0/index.html
OSIA qualification programme can be accessed here: https://globalplatform.org/osia-qualification-program/
For more information on the Secure Identity Alliance and the OSIA Initiative, visit http://www.secureidentityalliance.org and www.osia.io
For more information on ITU-T SG 17 visit https://www.itu.int/en/ITU-T/studygroups/2022-2024/17/Pages/default.aspx.
About the Secure Identity Alliance:
Secure Identity Alliance (SIA) is a global non-profit association that serves as the voice for public and private actors and organizations active in the secure identity ecosystem and adjacent industries. SIA’s mission is to unlock the full power of identity so that people, economy, and society thrive. The association supports the development of the activities of its members across four broad pillars: Identity for Good, Outreach, Open Standards Development and Industry Services and Solutions. www.secureidentityalliance.org
About OSIA:
A digital public good, OSIA is an open standard set of interfaces (APIs) that enables seamless connectivity between building blocks of the identity management ecosystem – independent of technology, solution architecture or vendor. More information at www.osia.io
Follow the Secure Identity Alliance at on X @secureidentity1 and LinkedIn at https://www.linkedin.com/company/secure-identity-alliance/
About ITU-T SG 17
The ITU Telecommunication Standardization Sector (ITU-T) is one of the three Sectors (branches) of the International Telecommunication Union (ITU). It is responsible for coordinating standards for telecommunications and Information Communication Technology such as X.509 for cybersecurity, Y.3172 and Y.3173 for machine learning, and H.264/MPEG-4 AVC for video compression, between its Member States, Private Sector Members, and Academia Members.
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View original content:https://www.prnewswire.co.uk/news-releases/osia-becomes-an-official-international-telecoms-union-itu-standard-302124668.html
Artificial Intelligence
SciBase will present at the Redeye Medtech Event on April 24th
STOCKHOLM, April 23, 2024 /PRNewswire/ — SciBase Holding AB (“SciBase”) (STO: SCIB), a leading developer of augmented intelligence-based solutions for skin disorders will participate at the Redeye Medtech event.
On April 24 at CET 9.50 CEO Pia Renaudin will present the latest developments in SciBase at Redeye. The presentation is live broadcasted and can be followed at https://www.redeye.se/events/974326/redeye-theme-medtech-2 where the replay and the presentations will be available afterwards.
For additional information, please contact:Pia Renaudin, VD, tel. +46732069802, e-mail: [email protected]
Certified Advisor (CA):Vator SecuritiesTel: +46 8 580 065 99Email: [email protected]
About SciBase:
SciBase is a global medical technology company, specializing in early detection and prevention in dermatology. SciBase develops and commercializes Nevisense, a unique point-of-care platform that combines AI (artificial intelligence) and advanced EIS technology to elevate diagnostic accuracy, ensuring proactive skin health management.
Our commitment is to minimize patient suffering, allowing clinicians to improve and save lives through timely detection and intervention and reduce healthcare costs.
Built on more than 20 years of research at Karolinska Institute in Stockholm, Sweden, SciBase is a leader in dermatological advancements.
The company has been on the Nasdaq First North Growth Market exchange since June 2, 2015. Learn more at www.scibase.com. All press releases and financial reports can be found here: http://investors.scibase.se/en/pressreleases
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/scibase/r/scibase-will-present-at-the-redeye-medtech-event-on-april-24-th-,c3966053
The following files are available for download:
https://mb.cision.com/Main/12371/3966053/2751965.pdf
Redeye presentation
View original content:https://www.prnewswire.co.uk/news-releases/scibase-will-present-at-the-redeye-medtech-event-on-april-24th-302124656.html
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