Artificial Intelligence
Global Industrial Cybersecurity Market By Offering Type, By Security Type, By End User, By Region, Industry Analysis and Forecast, 2020 – 2026
New York, Feb. 10, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Industrial Cybersecurity Market By Offering Type, By Security Type, By End User, By Region, Industry Analysis and Forecast, 2020 – 2026” – https://www.reportlinker.com/p06021889/?utm_source=GNW
The protection of industrial networks is an extremely developing and primary zone of concern. It includes organization security, advanced control frameworks, and product & equipment arrangements.
These cybersecurity solutions are meant to ensure the safety of plants and machines in enterprises. In order to prevent any danger or attack, controlling physical establishments, modern systems must be broken down, monitored, and ensured. Risks associated with network safety are expanding, boosted by global utilization and availability of cloud administrations such as Amazon Web Services, to store sensitive and individual information.
Growing modern digital crooks combined with the inescapable helpless arrangements of cloud services means the risk that a company experiences, an efficient digital attack or data breach is on the rise. Gone are the days of simple antivirus and firewall software as it only provides safety to the data and systems. Currently, leading companies do not rely on online protection experts for data security. Digital risks can appear with any extent in the company. It should be taught to the employees about simple social designing tricks like phishing and advanced online protection attacks such as ransom ware assaults (think WannaCry) or other malware, designed to get licensed innovation or individual data.
By Offering Type
Based on Offering Type, the market is segmented into Products and Solution & Services. Elements like hardware, security software, and applications play a significant role in addressing cyberattacks. For example, the electrical power application includes extremely high-speed processes that are regulated with the help of devices that are manufactured for the emergency protection of power equipment and automation. These devices are interconnected to work together, hence need network security.
By Security Type
Based on Security Type, the market is segmented into Network Security, Endpoint Security, Application Security, Cloud Security, Wireless Security and Others. Based on service type, Application security will develop with the largest growth rate in the industrial cybersecurity market in 2020. Application security is considered as the security of software and code from external and internal threats that include web attacks, DDoS attacks, site scraping, and fraud. It includes security policies to safeguard industrial applications and sensitive data from both random and targeted application security attacks.
By End User
Based on End User, the market is segmented into Power, Utilities, Transportation, Chemicals & Manufacturing and Others. The market for Transportation applications will grow at the highest growth rate over the forthcoming years. Globally, individuals have been increasingly depending on technologies and web-based applications resulting in an increased risk of cyber threats. Road, rail, and metro networks are interconnected to each other and with other modes of transport.
By Region
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. APAC is expected to showcase the highest growth rate of the industrial cybersecurity market during the forecast period. APAC consists of developing countries like China and India. These economies consist of the majority of small and medium enterprises (SMEs), which together responsible for the employment of above 70% of the total population in the countries.
The major strategies followed by the market participants are Product Launches and Partnerships. Based on the Analysis presented in the Cardinal matrix; Microsoft Corporation is the major forerunner in the Industrial Cybersecurity Market. Companies such as Honeywell International, Inc., IBM Corporation, Cisco Systems, Inc., Siemens AG, Schneider Electric SE, Broadcom, Inc., ABB Group, Palo Alto Networks, Inc., and Rockwell Automation, Inc. are some of the key innovators in the market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, IBM Corporation, Honeywell International, Inc., Cisco Systems, Inc., Schneider Electric SE, Rockwell Automation, Inc., Siemens AG, Microsoft Corporation, Palo Alto Networks, Inc. and Broadcom, Inc.
Recent strategies deployed in Industrial Cybersecurity Market
Partnerships, Collaborations, and Agreements:
Nov-2020: Honeywell partnered with Nozomi Networks, the leading solution for OT & IoT security. The partnership helps in delivering more comprehensive, end-to-end cybersecurity for Operational Technology (OT) environments.
Oct-2020: IBM signed a collaboration agreement with ABB, a Swedish-Swiss multinational corporation. The collaboration integrated cybersecurity and operational technology (OT). Under this collaboration, ABB developed an OT Security Event Monitoring Service that integrates ABB’s process control system domain expertise with IBM’s security event observing portfolio to help in enhancing security for industrial operators.
Oct-2020: ABB collaborated with Forescout, a company that actively defends Enterprise of Things. Following this collaboration, ABB integrated Forescout’s cyber technology within its portfolio of industrial expertise and cybersecurity solutions for enhancing operators’ abilities to detect known and unknown control system threats.
Sep-2020: Palo Alto Networks and OPSWAT, the leader in critical infrastructure protection extended their partnership to keep on improving secure access solutions. The expansion helps in incorporating support for new endpoint platforms and IoT devices in GlobalProtect and Prisma Access for branch offices, retail locations, and mobile users.
Aug-2020: Schneider Electric signed a partnership agreement with Fortinet, a global leader in broad, integrated, and automated cybersecurity solutions. This partnership provided cybersecurity solutions that address the unique needs of OT networks.
Jul-2020: Siemens came into collaboration with The New York Power Authority. The collaboration aimed to defend the public utility’s operational technology (OT) assets and could ultimately help other power providers in securing the grid.
May-2020: Broadcom signed a partnership agreement with HCL Technologies. Under this partnership, Broadcom deployed its security solutions to HCL that broadened its professional services offerings.
Jun-2019: Palo Alto Networks and Retarus announced their partnership. The partnership was focused on providing secure email communication from European data centers. The WildFire malware prevention technology from Palo Alto Networks is now part of Retarus’ exhaustive email security portfolio.
Jan-2019: Schneider Electric came into partnership with Nozomi Networks, the leading solution for OT & IoT security. Under this partnership, the companies aimed to provide customers in the industrial manufacturing and critical infrastructure segments advanced anomaly detection, vulnerability assessment, and other cybersecurity solutions. It also helped them to control, preserve, and mitigate risks to their operations and business performance.
Acquisition and Mergers:
Oct-2020: Rockwell Automation acquired Oyla, a privately-held industrial cybersecurity services provider. Following the acquisition, Oyla further stimulated the global delivery capability and expanded the portfolio of cybersecurity services available by Rockwell Automation to the industrial market.
May-2020: Rockwell Automation took over Kalypso, an Ohio-based company. The acquisition helped in providing a complete suite of digital innovation, business process management, consulting, and enterprise technologies that allowed the conversion of production management, client service models, and product design & development.
Dec-2019: Cisco acquired Exablaze, an Australia-based designer and manufacturer of advanced network devices. The acquisition focused on reducing latency and improving the performance of networks.
Nov-2019: Broadcom acquired Symantec Enterprise, an established leader in the growing enterprise security space. This acquisition expanded its footprint of mission-critical infrastructure software for the Global 2000.
Jul-2019: IBM took over Red Hat, an American multinational software company. The acquisition helped in adopting cloud-related technologies and securely moving all business applications to the cloud.
Jun-2019: Cisco took over Sentryo, a pioneer in the market for cybersecurity protection. The acquisition offers device visibility and security solutions for industrial control system (ICS) networks.
Apr-2018: Palo Alto Networks completed its acquisition of Secdo, an Israel-based security company. It performs endpoint detection and response. These capabilities combined Palo Alto Networks’ Traps endpoint protection product and its new Application Framework, an exhaustive security platform.
Aug-2017: Honeywell took over Nextnine Ltd., a leader in Operational Technology (OT) security management software for industrial and critical infrastructure. The acquisition strengthened Honeywell’s capability to provide multi-vendor, multi-site secure remote access, monitoring, and aid to preserve industrial control systems and critical infrastructure against a growing threat of cyber-attacks.
Jun-2017: Microsoft announced the acquisition of Hexadite, a cybersecurity startup providing a security orchestration and automation platform. The platform utilizes artificial intelligence technologies to examine and respond to security alerts. Hexadite’s technology and talent increased Microsoft’s existing capabilities and enabled its capability to add new tools and services to Microsoft’s reliable enterprise security offerings.
Product Launches and Product Expansions:
Nov-2020: Rockwell Automation launched New Security Certifications and Products. These products expanded the product line of Rockwell to help in protecting industrial operations and customer information.
Sep-2020: Siemens launched its technologically advanced cyber test range. The cyber test range focused on prevention, detection, and response solutions. The Siemens cyber test range is designed to test increasing cybersecurity technologies against real-world scenarios to assist detection and mitigation of potential vulnerabilities.
Jun-2020: Broadcom introduced a solution named BizOps. The solution aimed to boost decision-making across multiple businesses and technology domains that helped digital transformation initiatives.
Feb-2020: Microsoft launched various enterprise security solutions. It includes Microsoft Threat Protection GA, Microsoft 365 Insider Risk Management GA, Microsoft 365 Communication Compliance GA, Office 365 ATP Campaign Views GA, Office 365 ATP Compromise Detection and Response GA, Azure Sentinel Enhancements, Microsoft Defender ATP for Linux Previews, Azure Active Directory and FIDO2 Preview, Azure Security Center for IoT Perks.
Nov-2019: IBM introduced Cloud Pak for Security that features industry-first innovations to connect with any security tool, cloud, or on-premise system. The platform consists of open-source technology for hunting threats, an automation portfolio to assist speed response to cyberattacks, and the ability to run in any environment.
Sep-2019: Honeywell launched new software that strengthened, simplified, and scaled cybersecurity for asset-intensive businesses and critical infrastructure facing cyber threats. The Cybersecurity Platform enhanced cybersecurity performance at a single site or covering an enterprise by escalating visibility of vulnerabilities and threats, mitigating risks, and improving cybersecurity management efficiency.
Jun-2019: Palo Alto Networks launched Prisma, a new cloud security suite aimed at helping its customers live a safer digital life. It becomes the new benchmark in cloud security, changing the cloud journey by streamlining access, data protection, and application security. Prisma was developed based on Palo Alto Networks cloud security products and offers new experiences with the Prisma suite.
Apr-2019: Rockwell Automation launched a new industrial control system security solution. The solution helped to deliver built-in security based on globally accepted security standards to protect control-level communications and overall system integrity.
Scope of the Study
Market Segments covered in the Report:
By Offering Type
• Products
• Solution & Services
By Security Type
• Network Security
• Endpoint Security
• Application Security
• Cloud Security
• Wireless Security
• Others
By End User
• Power
• Utilities
• Transportation
• Chemicals & Manufacturing
• Others
By Geography
• North America
o US
o Canada
o Mexico
o Rest of North America
• Europe
o Germany
o UK
o France
o Russia
o Spain
o Italy
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Singapore
o Malaysia
o Rest of Asia Pacific
• LAMEA
o Brazil
o Argentina
o UAE
o Saudi Arabia
o South Africa
o Nigeria
o Rest of LAMEA
Companies Profiled
• ABB Group
• IBM Corporation
• Honeywell International, Inc.
• Cisco Systems, Inc.
• Schneider Electric SE
• Rockwell Automation, Inc.
• Siemens AG
• Microsoft Corporation
• Palo Alto Networks, Inc.
• Broadcom, Inc.
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• Highest number of market tables and figures
• Subscription based model available
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Read the full report: https://www.reportlinker.com/p06021889/?utm_source=GNW
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Artificial Intelligence
More than $9 Million Awarded to High School Scientists and Engineers at the Regeneron International Science and Engineering Fair 2024
Grace Sun, 16, receives $75,000 Top Award for a new kind of organic electrochemical transistor at the world’s largest pre-college science, technology, engineering and math (STEM) competition.
TARRYTOWN, N.Y. and WASHINGTON, May 17, 2024 /PRNewswire/ — Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) and Society for Science (the Society) announced that Grace Sun, 16, of Lexington, Kentucky, won the $75,000 top award, the George D. Yancopoulos Innovator Award, named in honor of the pioneering drug researcher and Regeneron co-Founder, Board co-Chair, President and Chief Scientific Officer, in the 2024 Regeneron International Science and Engineering Fair (Regeneron ISEF), the world’s largest pre-college science and engineering competition. Other top prizes went to projects in second-order cone programming, microplastics filtration and multi-sensory therapy for dementia.
The top winners were honored during two award ceremonies: the Special Awards on May 16 and the Grand Awards Ceremony on the morning of May 17. In total, over $9 million USD was awarded to the finalists based on their projects’ creativity, innovation and depth of scientific inquiry. The competition featured nearly 2,000 young scientists representing 49 U.S. states and nearly 70 countries, regions and territories across the world.
Grace Sun, 16, of Lexington, Kentucky, won first place and received the $75,000 George D. Yancopoulos Innovator Award for her research on building a better organic electrochemical transistor that she hopes will be used to develop new electronic devices that could help detect and treat serious illnesses like diabetes, epilepsy and organ failure. To overcome the problems that have previously prevented such devices from working effectively inside the body, Grace developed a new way of chemically treating their organic components, which greatly improved their laboratory performance.
Michelle Wei, 17, of San Jose, California, received one of two Regeneron Young Scientist Awards of $50,000 for her research to improve the speed and efficiency of a type of software that is useful in many fields such as machine learning, transportation and financial systems. Michelle’s new approach involved determining a quick approximate solution to the second-order cone programming problem, then splitting the initial cone into smaller cones, which enabled her new algorithm to greatly outperform previous approaches.
Krish Pai, 17, of Del Mar, California, received the second Regeneron Young Scientist Award of $50,000 for his machine-learning research to identify microbial genetic sequences that can be modified to biodegrade plastic. His new software, called Microby, scans databases of microorganisms and determines which ones can be changed genetically to biodegrade plastics. In tests, he identified two microorganisms that can be genetically modified to degrade plastic at a cost he believes would be ten times less than traditional recycling.
“Congratulations to the Regeneron International Science and Engineering Fair 2024 winners,” said Maya Ajmera, President and CEO, Society for Science and Executive Publisher, Science News. “I’m truly inspired by the ingenuity and determination shown by these remarkable students. Coming from around the world with diverse backgrounds and academic disciplines, these students have shown that it is possible to come together in unity to tackle some of the toughest challenges facing our world today, and I could not be prouder.”
Regeneron ISEF provides a global stage for the world’s best and brightest young scientists and engineers. Through this competition, Regeneron and the Society are fostering the next generation of STEM leaders who are pioneering solutions to improve our world. Since 2020, Regeneron has provided STEM experiences to approximately 2.4 million students, on track to meet its goal of 2.5 million by 2025.
“The talent, intelligence and potential of this year’s Regeneron ISEF finalists is truly inspiring, and I congratulate each on their remarkable achievements,” said George D. Yancopoulos, M.D., Ph.D., co-Founder, Board co-Chair, President and Chief Scientific Officer of Regeneron. “Science competitions like ISEF were pivotal in shaping my own career and fueling my passion to fight back against disease. I look forward to seeing these students continue to push the boundaries of science and technology to create positive and sustainable change for all humanity.”
Other top honors from the competition include:
Justin Huang and Victoria Ou, both 17, of Woodlands, Texas, received the Gordon E. Moore Award for Positive Outcomes for Future Generations of $50,000 for their new prototype filtration system that uses ultrasonic waves to remove microscopic plastic particles from water. In lab tests, the acoustic force from the high-frequency sound waves removed between 84% and 94% of the suspended microplastic particles in a single pass. The students are now working to scale up and fine-tune their experimental system.
Ingrid Wai Hin Chan, 17, of Hong Kong, China received the Craig R. Barrett Award for Innovation of $10,000 for her research on using a multi-sensory therapy for dementia patients. Her mixed therapy app would allow patients to practice physical and cognitive skills through a personalized, immersive environment using virtual reality headsets. Ingrid conducted an eight-week study with six people living with dementia and found that the cognitive function of patients who used her prototype improved in several areas. She believes her app could serve as a viable option for dementia patients with limited access to in-person professional therapy.
Tanishka Balaji Aglave, 15, of Valrico, Florida, received the H. Robert Horvitz Prize for Fundamental Research of $10,000 for her investigation into a natural alternative treatment against citrus greening, a disease that threatens citrus farming in many parts of the world and is currently only treated with antibiotics. Tanishka injected the trunks of infected trees with an extract from the curry leaf tree, and found through tests that this potential method could effectively and sustainably manage citrus greening disease.
Maddux Alexander Springer, 18, of Honolulu, Hawaii, received the Peggy Scripps Award for Science Communication of $10,000 for his research into fibropapillomatosis (FP), a disease that is the primary cause of death in green sea turtles. Some turtles he studied in Kaneohe Bay, Hawaii, were stricken with a disease that causes internal and external tumors that inhibit their everyday lives. After analyzing the turtles’ diet of green algae, Maddux concluded that this disease, wastewater, invasive algae and the amino acid arginine all pose a grave risk to these endangered sea creatures.
Ria Kamat, 17, of Hackensack, New Jersey; Anna Oliva, 17, of Houston, TX; and Shuhan Luo, 18, of Worcester, MA, received the Dudley R. Herschbach SIYSS Award, which provides finalists an all-expense paid trip to attend the Stockholm International Youth Science Seminar during Nobel Week in Stockholm, Sweden.
Jack Shannon, 18, of Clane, Kildare, Ireland, and Nikhil Vemuri, 17, of Cary, North Carolina, received the EU Contest for Young Scientists Award. Their projects will represent Regeneron ISEF at the EU Contest for Young Scientists to be held this September in Katowice, Poland.
For more information about the top winners and access to visual assets visit: https://www.societyforscience.org/isef-2024-media-kit.
The full list of Special Award ISEF 2024 Finalists can be found at https://www.societyforscience.org/press-release/regeneron-isef-2024-special-awards-winners.
In addition to the Top Award winners, more than 450 finalists received awards and prizes for their innovative research, including “First Award” winners, who each received a $5,000 prize.
The following lists the First Award winners for each of the 22 categories, from which the Top Awards were chosen:
Animal Sciences, sponsored by Society for ScienceMaddux Alexander Springer, Honolulu, Hawaii
Behavioral and Social Sciences, sponsored by Society for ScienceAndrew Y. Liang, San Jose, California
Biochemistry, sponsored by RegeneronAmy Hong Xiao, Garden City, New York
Biomedical and Health Sciences, sponsored by RegeneronRia Kamat, Hackensack, New Jersey; Kevin Xuan Lei, Shanghai, China
Biomedical Engineering, sponsored by Alfred E. Mann CharitiesAyush Garg, Dublin, California; Divij Motwani, Palo Alto, California; Akash Ashish Pai, Portland, Oregon
Cellular and Molecular Biology, sponsored by RegeneronLara and Maya Sarah Hammoud, Beverly Hills, Michigan
Chemistry, sponsored by Society for ScienceAkilan Sankaran, Albuquerque, New Mexico; Arjun Suresh Malpani and Siddharth Daniel D’costa, Portland, Oregon
Computational Biology and Bioinformatics, sponsored by RegeneronKun-Hyung Roh, Bronx, New York
Earth and Environmental Sciences, sponsored by Google.orgNikhil Vemuri, Durham, North Carolina; Justin Yizhou Huang and Victoria Ou, The Woodlands, Texas
Embedded Systems, sponsored by HPChloe Rae and Sophie Rose Filion, Welland, Ontario, Canada
Energy: Sustainable Materials and Design, sponsored by Siemens EnergyAlia Wahban, Hamilton, Ontario, Canada
Engineering Technology: Statics and Dynamics, sponsored by Howmet Aerospace FoundationChiyo Nakatsuji, Bunkyoku, Tokyo, Japan; Kevin Shen, Olympia, Washington
Environmental Engineering, sponsored by JacobsKrish Pai, San Diego, California; Jack Shannon, Clane, Kildare, Ireland
Materials Science, sponsored by Howmet Aerospace FoundationGrace Sun, Lexington, Kentucky
Mathematics, sponsored by Akamai FoundationAnna Oliva, Houston, Texas
Microbiology, sponsored by Schattner FoundationMatthew Chang, Irvine, California
Physics and Astronomy, sponsored by Richard F. Caris Charitable Trust IIHarini Thiagarajan and Vishal Ranganath Yalla, Bothell, Washington; Shuhan Luo, Worcester, Massachusetts
Plant Sciences, sponsored by Society for SciencePauline Estrada, Fresno, California; Tanishka Balaji Aglave, Dover, Florida
Robotics and Intelligent Machines, sponsored by RegeneronMichal Lajciak, Dubnica nad Vahom, Trenciansky kraj, Slovakia; Anthony Efthimiadis, Oakville, Ontario, Canada
Systems Software, sponsored by MicrosoftMichelle Wei, San Jose, California
Technology Enhances the Arts, sponsored by Society for ScienceAnant Khandelwal, Sritan Motati and Siddhant Sood, Alexandria, Virginia
Translational Medical Science, sponsored by RegeneronZheng-Chi Lee, West Lafayette, Indiana; Ingrid Wai Hin Chan, Hong Kong, China
The full list of all award-winning ISEF 2024 finalists is available here: https://www.societyforscience.org/press-release/regeneron-isef-2024-full-awards.
View all the finalists’ research here: https://projectboard.world/isef.
About the Regeneron International Science and Engineering FairThe Regeneron International Science and Engineering Fair (Regeneron ISEF), a program of Society for Science for over 70 years, is the world’s largest global science competition for high school students. Through a global network of local, regional and national science fairs, millions of students are encouraged to explore their passion for scientific inquiry. Each spring, a group of these students is selected as finalists and offered the opportunity to compete for approximately U.S. $9 million in awards and scholarships.
In 2019, Regeneron became the title sponsor of ISEF to help reward and celebrate the best and brightest young minds globally and encourage them to pursue careers in STEM to positively impact the world. Regeneron ISEF is supported by a community of additional sponsors, including Akamai Foundation, Alfred E. Mann Charities, Aramco, Caltech, Google.org, Gordon and Betty Moore Foundation, Howmet Aerospace Foundation, HP, , Jacobs, King Abdulaziz & his Companions Foundation for Giftedness and Creativity, Microsoft, National Geographic Society, Richard F. Caris Charitable Trust II, Rise, an initiative of Schmidt Futures and the Rhodes Trust, Schattner Foundation, Siemens Energy, Annenburg Foundation, Ballmer Group, Broadcom Foundation, Cesco Linguistic Services, Conrad N. Hilton Foundation, Edison International, Insaco, Oracle Academy, The Eli and Edythe Broad Foundation, The Ralph M. Parsons Foundation and US Army ROTC. Many are entrepreneurs across a wide range of industries. Learn more at https://www.societyforscience.org/isef/.
About Society for ScienceSociety for Science is a champion for science, dedicated to promoting the understanding and appreciation of science and the vital role it plays in human advancement. Established in 1921, Society for Science is best known for its award-winning journalism through Science News and Science News Explores, its world-class science research competitions for students, including the Regeneron Science Talent Search, the Regeneron International Science and Engineering Fair and the Thermo Fisher Scientific Junior Innovators Challenge, and its outreach and equity programming that seeks to ensure that all students have an opportunity to pursue a career in STEM. A 501(c)(3) membership organization, Society for Science is committed to inform, educate and inspire. Learn more at www.societyforscience.org and follow us on Facebook, Twitter, Instagram and Snapchat (Society4Science).
About RegeneronRegeneron (NASDAQ: REGN) is a leading biotechnology company that invents, develops and commercializes life-transforming medicines for people with serious diseases. Founded and led by physician-scientists, our unique ability to repeatedly and consistently translate science into medicine has led to numerous approved treatments and product candidates in development, most of which were homegrown in our laboratories. Our medicines and pipeline are designed to help patients with eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, neurological diseases, hematologic conditions, infectious diseases and rare diseases.
Regeneron believes that operating as a good corporate citizen is crucial to delivering on our mission. We approach corporate responsibility with three goals in mind: to improve the lives of people with serious diseases, to foster a culture of integrity and excellence and to build sustainable communities. Regeneron is proud to be included on the Dow Jones Sustainability World Index and the Civic 50 list of the most “community-minded” companies in the U.S. Throughout the year, Regeneron empowers and supports employees to give back through our volunteering, pro bono and matching gift programs. Our most significant philanthropic commitments are in the area of early science education, including the Regeneron Science Talent Search and the Regeneron International Science and Engineering Fair (ISEF).
For more information, please visit www.Regeneron.com or follow Regeneron on LinkedIn, Instagram, Facebook or X.
More information about the top winners and access to visual assets visit: https://www.societyforscience.org/isef-2024-media-kit.
Media ContactsJoseph Brown, [email protected]
Gayle Kansagor, Society for [email protected]
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Artificial Intelligence
J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Announce Winner of Inaugural 2024 Life Sciences Innovation Summit
In conjunction with Abu Dhabi Global Healthcare Week 2024
ABU DHABI, UAE, May 17, 2024 /PRNewswire/ — J.P. Morgan Life Sciences Private Capital, Blue Horizon Advisors and United Al Saqer Group announced today Rayees Rahman of Harmonic Discovery as the winner of the inaugural J.P. Morgan Asset Management: Life Sciences Innovation Summit. Harmonic Discovery is a precision pharmacology company applying its generative chemistry platform to advance next-generation kinase inhibitors.
In partnership with the Department of Health – Abu Dhabi (DoH), the Summit took place on May 14-15, 2024 at Cleveland Clinic Abu Dhabi and showcased the 11 innovative finalists, as well as highlighted existing innovators and opportunities in the Emirate of Abu Dhabi. The event also featured keynote speeches from Dr. Laurie Glimcher of Dana-Farber Cancer Institute, Dr. Shahrukh Hashmi of the Department of Health – Abu Dhabi, and Dr. David Ho of Columbia University Medical Center and provided attendees networking opportunities to gain valuable insights into the future of life sciences innovation.
In addition, the jury designated Chun-Hao Huang of Algen Biotechnologies as honourable mention. Algen Biotechnologies is a platform therapeutics and drug discovery company using world-leading CRISPR and AI to find treatments for cancer, inflammation and metabolic diseases.
The winners were selected by an esteemed, international panel of judges, which included:Laurie Glimcher, MD, President and CEO at Dana-Farber Cancer InstituteJorge Guzman, MD, CEO at Cleveland Clinic Abu DhabiProf. Shahrukh Khurshid Hashmi, MD, Director of Research, Department of Health, Abu DhabiYasmine Hayek Kobeissi, PhD, CQF, BSc., Executive Director at Blue Horizon AdvisorsAnya Schiess, Managing Partner at J.P. Morgan Life Sciences Private CapitalWalid Zaher, PhD, Co-Founder and CEO, Carexso
Dr. Asma Al Mannaei, Executive Director of the Research and Innovation Centre at the Department of Health – Abu Dhabi said: “Under the directives of the UAE’s wise leadership, and renowned for its world-leading medical infrastructure, Abu Dhabi stands at the forefront of healthcare excellence, offering an unparalleled opportunity for advancement in healthcare for global partners. It was our utmost pleasure hosting the J.P. Morgan Asset Management Life Sciences Innovation Summit 2024 on the sidelines of Abu Dhabi Global Healthcare Week and we commend the winners for their pioneering efforts in driving impactful advancements in healthcare; their dedication to innovation not only transforms the landscape of medicine, but also holds the promise of improving lives worldwide.”
Stephen Squinto, PhD, Chief Investment Officer, J.P. Morgan Life Sciences Private Capital said: “We are thrilled with the level of biotech passion and innovation that we observed at this year’s Summit in Abu Dhabi. The energy was truly palpable we are thrilled to announce Rayees Rahman as the winner of our first Life Sciences Innovation Summit. Harmonic Discovery’s approach embodies the next generation of drug discovery and development. We appreciate the time and effort of all participants and cannot wait for our next event in the region.”
Nabil Kobeissi, Chief Executive Officer of Blue Horizon Advisors, said: “As the main sponsor, we are committed to nurturing and fostering the growth of all 11 finalists in this vibrant biotech ecosystem. This Summit marks the beginning of a transformative journey, and we are confident that it will pave the way for a flourishing hub in the region. We are also pleased to announce that we will commit to invest in and partner with the winner, Harmonic Discovery, to support its future growth in the region.”
Sponsors for the event included J.P. Morgan Life Sciences Private Capital, J.P. Morgan Commercial Bank, Blue Horizon Advisors, United Al Saqer Group, Thermo Fisher Scientific, and Salam Capital. The Summit organisation, logistics and finalist recruitment were facilitated by Lyfebulb.
Of importance, at the Summit, Mr. Mohamed Al Breiki, Executive Director of Sustainable Development at Masdar City, announced that Masdar City Free Zone would award all 11 Finalists complimentary business licenses to further support their establishment in the region. Masdar City is one of the world’s most sustainable urban developments and innovation hubs with a growing focus on life science entrepreneurship in Abu Dhabi.
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Artificial Intelligence
Congregating in the Lion City for a Win-Win Future of Intelligent Computing at the Global Data Center Facility Summit 2024
SINGAPORE, May 17, 2024 /PRNewswire/ — On May 17, 2024, the Global Data Center Facility Summit 2024 was held in Singapore with the theme of “Power the Digital Era Forward.” At the summit, over 600 data center industry leaders, technical experts, and ecosystem partners gathered to discuss new trends and opportunities of the global data center industry in the intelligent computing era. The attendees also got to experience all-scenario, all-ecosystem, and all-service end-to-end (E2E) solutions, share innovative practices of green data centers in the Asia Pacific and Europe, and experience the exhibition vehicle to unveil the mystery of Outdoor PowerPOD that features one power system per container. By fully embracing the intelligent computing era, Huawei strives to power the digital era forward.
Seizing Opportunities Brought by AI and Jointly Building Green & Reliable Computing Infrastructure
At the opening speech, Charles Yang, Senior Vice President of Huawei and President of Marketing, Sales and Services, Huawei Digital Power, noted that since ChatGPT ushered in the AI era, large models keep pushing the limits of computing power and the intelligent computing industry is witnessing an unprecedented construction boom. As predicted, 100 GW will be added to the global data center installed capacity and the market value will exceed US$600 billion in the next five years.
According to Charles, with opportunities come challenges. The primary challenge concerning the data center industry is reliability and electricity. Data centers are scaling up from the MW-level to the GW-level. E2E reliability of data centers is becoming even more important than ever. In response to the opportunities, Huawei will work with customers and partners to expand the industry space.
Steering Data Centers to the AI Era with Product + Service + Ecosystem
During the summit, Sun Xiaofeng, President of Huawei Data Center Facility & Critical Power Business, delivered a speech titled “Power the Digital Era Forward. ” He stated that as AI large models are penetrating, the surging compute demands drive the expansive growth in data center.
To address the challenges, Huawei strives to build product + service + ecosystem E2E data center solutions that feature fast deployment, flexible cooling, green energy, and ultimate reliability.
Fast deployment: Data centers are fully modularized and prefabricated to ensure high quality and efficient construction.Flexible cooling: Air-liquid fusion and integrated cooling source emerges as the optimal cooling architecture for intelligent computing.Green energy: New generation-grid-load-storage integrated solution is built to ensure the sound operations of intelligent computing centers.Ultimate reliability: Data centers are safeguarded through reliable products and preventive protection.Currently, Huawei’s global service network covers more than 170 countries with over 1800 professional engineers, providing 24/7 technical support. With N+ flagship service centers, Huawei has built a one-hour service radius for its customers.
The ecosystem is a key part for a win-win future of intelligent computing. Huawei works with partners to develop comprehensive E2E solutions and provide customers with one-stop data center services.
During the summit, Huawei and the ASEAN Centre for Energy released a white paper on “Building Next Generation Data Center Facility in ASEAN.” The document provides insights into the status quo, challenges, and trends of data centers in the ASEAN region, and emphasizes that efficient and energy-saving products and solutions should be applied. It also proposes future-oriented policy recommendations for data center markets.
In the ecosystem exhibition area, Huawei showcased scenario-based solutions for large-, medium-, and small-sized data centers, and demonstrated data center consulting, design, integrated development, and delivery capabilities with dozens of ecosystem partners including CIMC, Weichai, CSCEC, and Huashi.
On a special note, the Huawei Outdoor PowerPOD exhibition vehicle made its global debut. The Huawei Outdoor PowerPOD features one power system per container, outdoor deployment, plug-and-play, and high protection rating and reliability. It has become the preferred choice for decoupling the power supply architecture.
A single tree cannot make a forest.
AI is presenting great opportunities. By delving into the industry, aggregating partner ecosystems, and making innovations applicable to transformations, Huawei will continue to help customers build reliable computing infrastructure, accelerating the industry to embrace AI and powering the digital era forward.
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