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The cloud-based solutions for drug discovery, development and manufacturing market is projected to grow at a CAGR of 15.4%, claims Roots Analysis

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London, June 09, 2021 (GLOBE NEWSWIRE) — Roots Analysis has announced the addition of “Cloud-based Solutions for Drug Discovery, Development and Manufacturing Market by Type of Cloud (Private, Public and Hybrid), Type of Service (Infrastructure as a Service (IaaS), Platform as a Service (PaaS) and Software as a Service (SaaS)), End-User (Biotech Vendors, Contract Research Organizations, Pharmaceutical Companies and Others), and Key Geographical Regions (North America, Europe, Asia, Middle East and North Africa, Latin America, and Rest of the World): Industry Trends and Global Forecasts, 2021-2030” report to its list of offerings.

Modern cloud-based solutions offer decentralized / real world data management, and collaborative operating solutions to users, enabling the simplification and delegation of various aspects of data mining, analysis and healthcare decision-making. The implementation of relevant cloud-based solutions is deemed to possess the potential to save over 50% of the total cost and time invested in a drug development program.

To order this 225+ page report, which features 110+ figures and 130+ tables, please visit https://www.rootsanalysis.com/reports/cloud-based-solutions-in-healthcare-market.html

Key Market Insights

More than 60 cloud-based service providers are presently offering cloud-based solutions to pharma / biotech companies

Majority of these are large firms (500+ employees, 44%), followed by small (1-50 employees, 32%), and mid-sized (51-500 employees, 24%) business entities.

Over 50 service providers claim to offer cloud-based solutions for drug development
About 50% players are  providing cloud services for more than one area of application (drug discovery, drug development, or drug manufacturing) to pharma / biotech companies.

Nearly 30 service providers claim to offer private cloud-based solutions to ensure data security
Interestingly, about 25% players are offering all three types of cloud-based solutions (private, public and hybrid) to developer companies. Prominent examples of companies offering hybrid cloud include (in alphabetical order with no selection criteria) Informatica, Nutanix, QMENTA, Rescale, SureClinical, Tata Consultancy Services and YASH Technologies.

Partnership activity in this field has grown at a CAGR of ~75%, between 2015 and 2020

Around 70% of the reported deals were established after 2018, with the maximum activity being reported in 2020. Majority of the instances captured in the report are research agreements (32%) and platform development / improvement agreements (26%).

Adoption of cloud-based solutions has demonstrated the ability to enable up to 50% cost savings

Based on inputs from both secondary and primary sources, the report features an informed and insightful analysis, estimating cost saving potential of cloud-based solutions. In fact, the adoption of such technologies has the potential to save more than USD 30 billion in drug discovery, USD 13 billion in drug development and USD 6.6 million in drug manufacturing related costs, by 2030.

North America, Europe and Asia are anticipated to capture over 85% of the market share by 2030
Owing to increased adoption rates, the market in Asia is anticipated to grow at a relatively faster pace at a CAGR of 16%. In 2030, cloud-based solutions for drug development are likely to capture the largest market share (45%) in terms of revenues generated from use of such services, followed by those intended for drug discovery (35%) and drug development (20%) operations.

To request a sample copy / brochure of this report, please visit https://www.rootsanalysis.com/reports/cloud-based-solutions-in-healthcare-market/request-sample.html

Key Questions Answered

  • Who are the leading players offering cloud-based solutions for drug discovery, development and manufacturing?
  • What kind of cloud services are commonly offered by companies in this domain?
  • What kind of partnership models are commonly adopted by stakeholders in this industry?
  • What is the likely cost saving potential associated with the use of cloud-based solutions in drug discovery, development and manufacturing processes?
  • How is the current and future opportunity likely to be distributed across key market segments?
  • What kind of performance enhancements are possible by integrating artificial intelligence, deep learning, machine learning and quantum computing, with existing cloud-based solutions?
  • What is the impact of the COVID-19 pandemic within this market?

The USD 20 billion (by 2030) financial opportunity within the cloud-based solutions for drug discovery, drug development and drug manufacturing market has been analyzed across the following segments:

  • Type of Cloud
  • Type of Cloud Service
  • Area of Application
  • End-User
  • Key Geographical Regions
  • North America
  • Europe
  • Asia-Pacific
  • Middle East and North Africa
  • Latin America
  • Rest of the World 

The report features inputs from eminent industry stakeholders, according to whom, cloud-based solutions are anticipated to witness increased adoption given their broad scope of applications in drug discovery, development and manufacturing. The report includes detailed transcripts of the discussions held with following industry experts:

  • Velizar Natovski (Regional Manager North and South America, CloudSigma)
  • Paolo Colombo (Vice President Growth, InSilicoTrials)

The research includes brief profiles of key players engaged in offering cloud-based solutions for drug discovery, development and manufacturing; other popular industry players featured in the report include:

  • Accenture
  • Alibaba Cloud                     
  • Amazon Web Services
  • ChemAxon
  • CloudSigma
  • Google
  • IBM
  • Nimbix
  • OpenEye Scientific
  • Oracle
  • Skyland Analytics
  • Veeva Systems
  • XtalPi
  • YPrime

For additional details, please visit
https://www.rootsanalysis.com/reports/cloud-based-solutions-in-healthcare-market.html

You may also be interested in the following titles:

  1. Digital Solutions for Biomarkers Market, 2021-2030
  2. AI-based Drug Discovery Market: Focus on Deep Learning and Machine Learning, 2020-2030

In Silico / Computer-Aided Drug Discovery Services Market, 2020-2030


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Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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Artificial Intelligence

ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform

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SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.

Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
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