Artificial Intelligence
SNOMED CT supports New Zealand’s Canterbury District Health Board realize vision of a data driven, connected and integrated health system
LONDON, Nov. 23, 2020 (GLOBE NEWSWIRE) — SNOMED International has released a series of videos that demonstrate the value that a healthcare system is deriving from implementing and using SNOMED CT, the world’s most comprehensive clinical terminology.
The first chapter of the SNOMED CT Value Series, which focuses on New Zealand’s Canterbury District Health Board (CDHB), highlights the advances the organization has made in realizing its vision of a connected, integrated system that supports the country’s Healthy Ageing strategy and enables it to better serve its population. Acting Executive Director Planning, Funding and Decision Support, Ralph La Salle offers that “an integrated health system is essential for the health outcomes of the Canterbury population and quality data with thorough analysis leads to shared clinical insights and new ways of working collectively to optimise this integration.”
Carolyn Gullery, who at the time of filming was the Executive Director, Planning, Funding and Decision Support for the CDHB, said New Zealand’s commitment to becoming a SNOMED International Member in 2007 was the beginning of a positive change for a healthcare system that was, like so many others across the globe, under extreme financial and performance-related pressure. She explains that in 2007, while its primary care system was thriving, its hospital system was struggling. Canterbury needed a better picture of its current situation and a way to predict the future needs of its 578,000 residents.
Harnessing the power of data analytics By building a series of systems that act as an integrated health platform, CDHB managed to use the same number of beds in 2019 as it did in 2007 for a population that over 12 years had grown by 80,000. Canterbury representatives also observed a 30 percent lower emergency department use and a 30 percent lower acute medical admission rate than the national average, meaning New Zealanders are less likely to end up in the hospital in Canterbury than in any other part of the country. Reducing manual labor for clinicians “We now identify over 200 new vertebral fractures every month,” he explained. “SNOMED CT has enabled us to identify specific case mixes that would otherwise take someone a long time to do manually.” In fact, the organization saved more than a year of a clinician’s time.
Interoperability across platforms Other Canterbury clinicians say they are most excited by SNOMED CT’s ability to help two different clinical tools – an electronic medical record system and a pathways tool – talk to each other via a SNOMED CT code linked to diagnoses, and by the ability to search for pathways and find hierarchies.
“In the past, we had to go through our pathways manually and put keywords on them so people could find them, and with SNOMED we get all those synonyms for free,” said Kieran Holland, Clinical Lead for New Zealand’s HealthPathways Programme, an online clinical guidance tool. “It has improved the user search experience.” SNOMED CT: a piece of the digital health ecosystem as CDHB realizes multiple benefits
There is more energy than ever in rolling out SNOMED CT as a key clinical information standard for an equitable New Zealand health and disability system, one that is data-driven and digitally enabled and SNOMED International’s CEO, Don Sweete, recognizes the dedication of New Zealand’s implementation efforts. “Canterbury is a great example of the breadth of maturity that SNOMED CT offers from data coding, data analysis, and ultimately the ability to apply artificial intelligence to already structured SNOMED CT data. It’s an end to end example of the benefit of SNOMED CT.”
New Zealand’s focus over the next few years is on primary and community care, where users are migrating their systems from Read Codes to SNOMED CT as they introduce new models of care and supporting software.
Watch the Value Series to learn more about SNOMED CT and New Zealand, a founding SNOMED International Member represented by the Ministry of Health Manatū Hauora.
About SNOMED International Kelly Kuru
Key to that goal, she noted, was the ability to use data and analytics to understand why people were ending up in the health system, who they were and how to intervene more effectively to reduce the demand on the system and provide better care for patients. By using SNOMED CT as part of its core infrastructure, and its Healthcare Analytics Solution (HCAS), a software tool that applies natural language processing to the unstructured text-based data in a clinical record, the health boards were able to code their existing data to SNOMED CT and then demonstrate to clinicians the power of using those codes to analyze that data. It is estimated that approximately 80 percent of health data is unstructured, and can represent text, photos, X-rays, voice/video recordings, slides and emails, among other types of health data.
According to Dr. Nigel Gilchrist, a Canterbury physician, the organization had also struggled to identify vertebral spine fractures and identify patients who may not have received care for those fractures. By using SNOMED CT to search 13,000 X-ray reports as part of a pilot project involving West Coast DHB patients, the organization found that one-third of relevant patients had been treated, another third had not, and the remaining third had been misclassified.
Another benefit of using SNOMED CT is its interoperability across the healthcare district’s best-of-breed applications. “We need to be sure we’re speaking the same language when we use data, and if we move it around, it’s got to mean the same thing in one place as in another,” said Dr. Saxon Connor, a Canterbury physician.
SNOMED International is a not-for-profit organization that owns and develops SNOMED CT, the world’s most comprehensive healthcare terminology product. We play an essential role in improving the health of humankind by determining standards for a codified language that represents groups of clinical terms. This enables healthcare information to be exchanged globally for the benefit of patients and other stakeholders. We are committed to the rigorous evolution of our products and services, to deliver continuous innovation for the global healthcare community. SNOMED International is the trading name of the International Health Terminology Standards Development Organisation. Learn More…
Chief Communications Officer
SNOMED International
[email protected]
Artificial Intelligence
Precisely Announces Breakthrough in Data Enrichment with New Data Graph API
Unified access to a connected network of trusted datasets empowers users with enhanced query capabilities to gain valuable insights
BURLINGTON, Mass., Oct. 8, 2024 /PRNewswire/ — Precisely, the global leader in data integrity, today announced the Data Graph API, a new addition to the Data Enrichment service within the Precisely Data Integrity Suite, during its Trust ’24 Data Integrity Summit in Philadelphia. For the first time, a single API offers simplified access to the Precisely data portfolio for flexible queries, data enrichment, and enhanced data discovery. Supported by the PreciselyID, the company’s unique and persistent identifier for any addressable location, the Data Graph API reduces complexity, ensures consistency, and speeds up the data enrichment process, accelerating time-to-value.
Data enrichment, the process of augmenting company data with carefully curated third-party data to improve its overall value, accuracy, and usability, is fast becoming a critical priority for organizations. This is especially true for companies looking to ensure that initiatives, such as AI and machine learning, are driven by contextually relevant data. In fact, research indicates a 22% increase in use of data enrichment as a key strategy for improving data integrity year over year. Despite this, many organizations continue to struggle with the time-consuming and often manual process of accurately integrating third-party data.
Powered by GraphQL technology, the Data Graph API dramatically simplifies data enrichment by enabling users to specify their data needs in a single query. The API filters and organizes the data before delivery, ensuring that businesses receive only the most relevant information according to their needs.
Korem, a leading expert in geospatial technologies, and design partner for the Data Graph API, are looking forward to implementing the new functionality into their solutions to support a wide range of industry use cases. “We are excited about the launch of the new Data Graph API from Precisely,” said Jonathan Houde, CTO at Korem. “Instead of licensing entire datasets or making multiple web service calls, our customers can now access all the necessary information through one efficient and cost-effective service.”
At the heart of the Data Graph API is the PreciselyID, which allows customers to connect addresses to a wealth of trusted data for additional insight, such as relationships between buildings, parcels, property attributes, addresses, demographics, natural perils, and more. The Data Graph API simplifies queries to the rich portfolio of Precisely connected data and can facilitate the same easy access to data from industry partners. One such partner is GeoX, an aerial image processing company that provides property intelligence data to the insurance industry. As an industry partner, GeoX integrates their property intelligence into the Data Graph API, enabling insurers to enhance risk assessments, accurately underwrite policies, and predict and prevent losses by establishing a complete, 360-degree view of residential and commercial properties.
“The launch of the Data Graph API fundamentally transforms how companies bring together data to enhance the contextual relevance of AI and advanced analytics,” said Dan Adams, Senior Vice President and General Manager for Data Enrichment at Precisely. “Our data enrichment portfolio is designed to work together seamlessly, using unique identifiers to create a network of connected data where all feature relationships are mapped across datasets. As we extend this by pre-linking data from our trusted partners, the possibilities become limitless. We know this will save our customers time, allowing them to focus more on innovation rather than data preparation.”
The Data Graph API and a broad range of other market-leading tools are available in the company’s recently announced Precisely Data Integrity Suite Developer Portal, providing developer-friendly tools and resources to shorten the time it takes to build applications.
Learn more about the Data Graph API and how it helps customers to unlock a new world of data enrichment or register for the virtual Trust ’24 event taking place October 15 – 16 to hear about the latest data integrity innovations.
About PreciselyAs a global leader in data integrity, Precisely ensures that your data is accurate, consistent, and contextual. Our portfolio, including the Precisely Data Integrity Suite, helps integrate your data, improve data quality, govern data usage, geocode and analyze location data, and enrich with complementary datasets for confident business decisions. Over 12,000 organizations in more than 100 countries, including 93 of the Fortune 100, trust Precisely software, data, and strategy services to power AI, automation, and analytics initiatives. Learn more at www.precisely.com.
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Artificial Intelligence
Precisely Advances Data Integrity Foundation to Power Data Management at Scale
Common foundation enables interoperability of Precisely Data Integrity Suite services to accelerate delivery of trusted data for analytics and AI initiatives
BURLINGTON, Mass., Oct. 8, 2024 /PRNewswire/ — Precisely, the global leader in data integrity, today announced significant enhancements to its Precisely Data Integrity Suite during its Trust ’24 Data Integrity Summit in Philadelphia. The Data Integrity Foundation that drives the Data Integrity Suite is now expanded to include a new connector framework, advanced data catalog, hybrid execution agents, workflow orchestration, AI-driven intelligence, and more. In addition, Precisely improves the performance of the Data Integrity Suite’s user experience and introduces a new Developer Portal to deliver tools and resources that enable developers to build data integrity into their applications.
“The advancements in the Data Integrity Foundation significantly streamline the services in the Data Integrity Suite,” said Chris Hall, Chief Product Officer, Precisely. “By eliminating the complexities associated with integrating, configuring, and maintaining multiple solutions, the Suite reduces costs and resource requirements, enabling data teams to focus on driving strategic analytics and AI initiatives. The Data Integrity Suite’s unified and accelerated user experience enables our customers to drive deeper engagement with their data and sets the stage for new and innovative approaches to business problems.”
The Data Integrity Foundation powers the interoperable SaaS services of the Data Integrity Suite. Key elements of the newly expanded Foundation include:
Comprehensive Data and Metadata Connectors provide a common framework for centrally managing and reusing any connection across all Data Integrity Suite services, reducing the complexity of managing multiple connections and saving time and resources.Advanced Data Catalog shared by all Data Integrity Suite services provides a high-performance, searchable metadata repository designed to surface insights about data, monitor its health, and visualize data relationships, lineage, and business impact.AI-driven Intelligence has expanded to proactively detect data errors, send alerts, and automate data cleansing, validation, and business rule generation. Intelligence also accelerates data integrity pipeline development by providing smart recommendations for next steps and data enrichment options to reduce the time spent manually managing data.In addition, the Foundation provides the flexibility to run and tune multiple AI models for different use cases while centrally managing those models to ease security and compliance concerns.
Workflow Orchestration enables Data Integrity Suite users to design, manage, and automate tasks from one central place, reducing costs, minimizing human errors, and fostering collaboration between technical and business teams.Hybrid Execution Agents securely run data integrity processes and pipelines wherever data lives, enabling customers to choose between the control of on-premises environments and the elasticity and scalability of the cloud while porting and reusing processes as data environments change.”In our ongoing commitment to make data easy to discover, understand, and use reliably, we are procuring the Precisely Data Integrity Suite,” said Zachary Decent, Data Governance & Quality Manager, Enterprise Data Management at UK Power Networks, providing power to a quarter of the UK’s population. “This move signifies our dedication to fostering Data Best Practice principles, leveraging this platform to offer stakeholders an enriched experience through a comprehensive data catalog, with clearly defined data responsibilities and robust quality monitoring mechanisms.”
Precisely has also implemented significant user experience performance enhancements in the Data Integrity Suite, reducing the time needed to perform basic functions, such as data quality rule reuse, where time was reduced by 77%. Additionally, Precisely has introduced its new Precisely Data Integrity Suite Developer Portal. The portal provides developer-friendly tools and resources that enable the creation of powerful applications with built-in data integrity capabilities like address geocoding and data enrichment. The Developer Portal is a central resource for information on Precisely API products and updates.
Learn more about the Precisely Data Integrity Suite and the enhanced Data Integrity Foundation or register for the virtual Trust ’24 event on October 15 – 16 to hear more from Chris Hall on the latest data integrity innovations.
About Precisely
As a global leader in data integrity, Precisely ensures that your data is accurate, consistent, and contextual. Our portfolio, including the Precisely Data Integrity Suite, helps integrate your data, improve data quality, govern data usage, geocode and analyze location data, and enrich with complementary datasets for confident business decisions. Over 12,000 organizations in more than 100 countries, including 93 of the Fortune 100, trust Precisely software, data, and strategy services to power AI, automation, and analytics initiatives. Learn more at www.precisely.com.
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Artificial Intelligence
AI as a Service Market worth $72.13 billion by 2029- Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Oct. 8, 2024 /PRNewswire/ — The AI as a Service Market is expected to significantly increase from USD 14.00 billion in 2024 to USD 72.13 billion by 2029 at a CAGR of 38.8% during the forecast period, according to a new report by MarketsandMarkets™. Increasing demand for cost-effective AI solutions, cloud adoption, and demand for increased business efficiency drive the AI as a Service Market.
AIaaS plays a key role in helping organizations boost data analytics performance, drive automation, and create more meaningful customer engagement. Furthermore, improvements in machine learning, natural language processes, and the frameworks of AI contribute to the growth of market in all segments of the industries.
Browse in-depth TOC on “AI as a Service Market”
281 – Tables 61 – Figures392 – Pages
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Scope of the Report
Report Metric
Details
Market size available for years
2019–2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
USD (Billion)
Segments Covered
Product Type, Organization Size, Business Function, Service Type, End User, and Region
Geographies covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Companies covered
Microsoft (US), IBM (US), Google (US), AWS (US), OpenAI (US), NVIDIA (US), Salesforce (US), Oracle (US), SAP (Germany), FICO (US), Cloudera (US), ServiceNow (US), HPE (US), Altair (US), Vsynergize (US), SAS Institute (US), DataRobot (US), Databricks (US), C3 AI (US), H2O.ai (US), Alibaba Cloud (China), Mistral AI (France), Rainbird Technologies (UK), BigML (US), Yottamine Analytics (US), Scale AI (US), Landing AI (US), Synthesia (UK), Yellow.ai (US), Cohere (Canada), Anyscale (US), Abridge (US), Inflection AI (US), Glean (US), Codeium (US), Arthur (US), Levty AI (US), Unstructured AI (US), Clarifai (US), DeepSearch (Austria), Katonic AI (Australia), MindTitan (Estonia), Viso.ai (Switzerland), and Softweb Solutions (US).
By Enterprise End User, BFSI to register for the largest market share during the forecast period.
With the growing implementation of AI as a Service (AIaaS) for improving operational performance, risk management, and customer satisfaction, the BFSI sector is positioned to lead the AIaaS market. AIaaS empowers companies with advanced analytics, fraud detection, personalized services, and automation, all without significant infrastructure costs. The increasing demand for AI solutions in BFSI is driven by the need for real-time insights, regulatory compliance, and security measures. Furthermore, AI-driven chatbots, virtual assistants, and predictive analytics play a role in simplifying customer engagements and providing personalized financial guidance, which strengthens the utilization of AIaaS in this sector. The industry’s continual digital evolution and emphasis on creativity position it as a critical force in the AIaaS market.
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By Product Type, No-Code or Low-Code ML Tools is poised for the fastest growth rate during the forecast period.
No-code or low-code machine learning (ML) tools are expected to experience the most significant growth in the AI as a Service (AIaaS) market because they are easy to use for those with limited coding skills. These type of tools allow companies to create and use AI models without deep knowledge of coding, thus democratizing AI application throughout industries. They are reducing the time and the cost involved in the implementation of AI by a lot and making it easy for organizations of any scale to integrate AI into their workflows. Demand for rapid prototyping, customization and automation fuels the demand for no-code/low-code platforms which offer flexibility as well as scalability enabling businesses to innovate fast, stay agile and thus this market is growing at an accelerated pace by the very factor.
By Region, North America accounts for the largest market during forecast period.
North America expected to dominate the share in the AI as a Service Market due to the advanced technology infrastructure and the presence of large AI providers such as IBM, Google, and Microsoft. The regions benefits from early adoption of AI in prominent industries such as healthcare, finance, and retail to automate, generate analytics, and improve customer service. Huge investments in AI research and development, as well as profound government support for AI innovations, also add to the market growth. North America’s robust cloud infrastructure and widespread digital transformation initiatives further create an ideal environment for the growth of AIaaS. The region’s focus on cutting-edge solutions and the growing demand for AI-driven insights from enterprises ensure its leadership in the AIaaS market.
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Top Key Companies in AI as a Service Market:
The major players in the AI as a Service Market include Microsoft (US), IBM (US), Google (US), AWS (US), OpenAI (US), NVIDIA (US), Salesforce (US), Oracle (US), SAP (Germany), HPE (US).
Browse Adjacent Markets: Artificial Intelligence (AI) Market Research Reports & Consulting
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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
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