Artificial Intelligence
Global Field Activity Management Market Size, Share & Industry Trends Analysis Report By Component, By Deployment Type, By Enterprise Size, By Vertical, By Regional Outlook and Forecast, 2021 – 2027
New York, April 04, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Field Activity Management Market Size, Share & Industry Trends Analysis Report By Component, By Deployment Type, By Enterprise Size, By Vertical, By Regional Outlook and Forecast, 2021 – 2027” – https://www.reportlinker.com/p06249490/?utm_source=GNW
Field activity management software unifies and gathers data from mapping and scheduling, location data, and time and expense monitoring into a single platform, allowing for more efficient asset usage, visualization, tracking, and administration.
The key industry players would witness ample opportunities to expand their offerings due to the field activity automation and cloud-mobility integration, predictive analytics, and the rise of IoT and AI. In addition, field activity management solutions can offer information regarding product delivery, product inventory and dispatch, and work orders because of the integration of mobile capabilities. Moreover, this integration has also pushed field activity management companies to provide better, more affordable solutions to boost productivity.
Further, large enterprises and SMEs have benefited from improved service management solutions provided by cloud service providers. In field activities, the integration of Machine-to-Machine (M2M)-linked services and mobility is critical since it aids in the automation of work processes as well as real-time reporting based on analytics. This reduces human effort and allows tasks to be completed quickly.
While certain sectors are more likely to use field representatives as merchandisers, merchandising has a function in all parts of Field Activity Management. Moreover, field activity management solutions help to understand the aesthetics and science of effective product placement which demonstrates a commitment to customers and a brand and can aid in the growth of existing and new sales.
COVID-19 Impact
The global economy has been severely impacted by COVID-19. Energy, oil and gas, transportation and logistics, manufacturing, and aviation are among the financial and industrial sectors where the pandemic has had a large economic impact. As a result of the trillions of dollars lost, the global economy is anticipated to enter a recession. As a result of a rising number of countries implementing and prolonging lockdowns, economic activity is dwindling, which will have an influence on the global economy. Every citizen and government in society, including the federal, state, central, local, and provincial governments, has been in constant contact with one another to supply and receive real-time COVID-19 information. Still today, many countries are witnessing constantly increasing COVID-19 cases, with multiple infected cases on the rise.
Market Growth Factors:
The growing requirement to monitor field activities
In the last few years, the global number of field technicians has increased remarkably and would continue to rise even during the forecast period. Field activity firms are recognizing the need of ensuring that all resources are utilized correctly for business purposes and that field workers/technicians are doing their assigned jobs properly. These firms may find this problematic because they are unable to follow the live-work location due to their actual absence on the job. By installing an appropriate field activity management solution that can be integrated with ERP, CRM, and other relevant systems established in the organization, it is possible to achieve maximum efficiency of business processes and better productivity among the providers.
Growing deployment of Cloud-based field activity management
Organizations are migrating from on-premises field activity management systems to cloud-based field activity management solutions in order to reap the benefits of this technology. Field activity management suppliers are increasingly focusing on offering SaaS-based solutions that help cut costs and achieve higher Return on Investment. In addition, field activities firms are recognizing the need to ensure that all resources are being used correctly for business purposes and that field workers/technicians are doing their assigned jobs efficiently. Moreover, the transition towards the cloud helps the companies to easily track the progress and ensures timely completion of allotted assignments. Hence, these aspects are expected to open new growth avenues for the overall field activity management market during the forecasting period.
Market Restraining Factors:
Organizational security concerns around data confidentiality
The majority of field activity data is stored on corporate servers behind firewalls and security measures. Devices that access this data, on the other hand, are not protected in this way. Technicians’ mobile devices are vulnerable to attacks, especially if they are connected to insecure Wi-Fi networks on the job. As the world becomes more digital, the number of cyberattacks has increased in tandem. As a result, data security has become a big concern for businesses. Companies have low knowledge of the necessity for cyber-specific procedures to protect their data. With the transfer of data from the field to the cloud, there is a considerable increase in cybersecurity issues, since malevolent parties can attack servers, networks, and communication channels.
Component Outlook
Based on Component, the market is segmented into Solution and Services (Integration & Implementation, Consulting, and Training & Support). The services segment held a significant revenue share of the overall field activity management market in 2020. This is because these services are crucial in meeting the clients’ unique requirements. These services assist in the cost-effective implementation of field activity management solutions in order to effectively complete business processes within the timeline and budget.
Deployment Type Outlook
Based on Deployment Type, the market is segmented into Cloud and On-premise. In 2020, the Cloud segment obtained the largest revenue share of the field activity management market. By adopting cloud solutions, companies reap benefits like higher flexibility, scalability, affordability, operational efficiency, and reduced costs. Additional advantages of cloud-based systems include their efficiency when used by multiple users, lower upfront expenses, ease of implementation of new projects, no hardware investments, minimal maintenance costs, and reduced infrastructure costs. Hence, these factors would help the segment to witness higher demand during the forecasting period.
Enterprise Size Outlook
Based on Enterprise Size, the market is segmented into Small & Medium Enterprises and Large Enterprises. The Large Enterprises segment held a significant revenue share of the overall field activity management market in 2020. When it comes to assigning work orders to field workers and engineers, large enterprises face multiple issues. Work orders that aren’t managed well by large businesses might result in higher expenses and lower productivity. Customer loyalty and market share may be lost as a result of this. Large companies are focused on field activity management solutions to centralize their business processes and essential data from their employees and consumers.
Vertical Outlook
Based on Vertical, the market is segmented into Telecom, Construction & Real- Estate, Energy & Utilities, Manufacturing, Agriculture, Government, and Others. The telecom segment acquired the highest revenue share of the field activity management market in 2020. In the telecommunications industry, effective workforce management is a significant aspect in enabling process optimization and greater business efficiency. However, managing fieldwork ideally becomes considerably more difficult when there are a significant number of specialists in various disciplines and several geographic locations in various regions. This is where field activity management solutions come into play and help companies to manage different aspects related to field operations.
Regional Outlook
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. In 2020, North America emerged as the leading region in the overall field activity management market during the forecasting period. Over the last few years, businesses have been implementing the field activity management solution on a big scale. This region has been very quick to implement the most recent technical innovations, such as field activities, cloud computing, and IoT, into businesses. Additionally, there has been a rise in the number of data breaches with the increase in the usage of field activities and BYOD preferences.
The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; SAP SE is the major forerunner in the Field Activity Management Market. Companies such as Bentley Systems, Inc., Spatial Networks, Inc. and Canvas Solutions, 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 Repsly, Inc., Spatial Networks, Inc., ProntoForms Corporation, Canvas Solutions, Inc., SafetyCulture Pty Ltd., Field Safe Solutions, Inc., FieldWireLabs, Inc., Bentley Systems, Inc., Esri, Inc., and SAP SE.
Recent strategies deployed in Field Activity Management Market
Jan-2022: GoCanvas joined hands with Device Magic, a mobile forms app that replaces unreliable paper forms with smarter, richer data collection. Following the collaboration, both the companies would be in a unique position to provide industry-leading work process solutions to small, mid-market, and large businesses. Moreover, customers would be benefitted from improved mobile data capture and process automation solutions as a result of the relocation.
Dec-2021: Esri joined hands with Microsoft, an American multinational technology corporation that produces computer software, consumer electronics, personal computers, and related services. Following the collaboration, the two companies would together analyze the imagery data obtained by satellite providers in space orbit. Moreover, ArcGIS Image technology of Esri would offer processing and analysis on imagery hosted in Azure Orbital, Microsoft’s Satellite Ground Station as a Service.
Apr-2021: SAP extended its partnership with Siemens Digital Industries Software, an American computer software company specializing in 3D & 2D Product Lifecycle Management software. The partnership aimed to help both entities to provide innovative solutions for the Service and Asset Lifecycle. Moreover, Siemens would offer SAP Asset Intelligence Network, SAP Asset Strategy and Performance Management, and SAP Enterprise Portfolio and Project Management, with an initial focus on discrete manufacturing.
Apr-2021: Fulcrum, a subsidiary of Spatial Networks, introduced new improvements in its no-code mobile workforce automation platform. With the help of new improvements, this platform can offer reference documents like safety data sheets, standard operating procedures, and process manuals, to field workers as attachments to their Fulcrum mobile apps. This latest capability would make it easier to maintain safe work settings and ensure consistent, high-quality results without having to carry burdensome paper documents.
Apr-2021: Fulcrum, a subsidiary of Spatial Networks, introduced the latest workflow capabilities. These new capabilities can enhance mobile team effectiveness by establishing data-driven processes for workgroups and business units, as well as extending and improving CRM apps, asset management platforms, and other enterprise systems using data collected in the field.
Feb-2021: ProntoForms introduced ProntoForms Teamwork. Technicians using ProntoForms Teamwork get a contextual view of what prior contributors have achieved. This ensures that productivity and quality are maintained regardless of how frequently projects are interrupted or handed over.
Jan-2021: Esri introduced ArcGIS Platform, a geospatial platform as a service (PaaS) for developers that require combining location capabilities into their apps, business systems, and products. Through this launch, the company aimed to help developers in getting access to high-quality content and capabilities they can readily plug into their apps, enabling them to be stick to a budget while providing massive value by decreasing time to market.
Nov-2020: Esri unveiled ArcGIS Field Maps mobile app. Moreover, ArcGIS Field Maps is a comprehensive tool that employs data-driven maps to assist mobile employees in collecting and editing data, finding information, and reporting their current location. For enterprises that have prioritized digital transformation from paper-based to digital field operations management, ArcGIS Field Maps would alleviate numerous workflow difficulties.
Jun-2020: Bentley Systems completed the acquisition of NoteVault, a San Diego-based provider of voice-based field automation for construction management. Through this acquisition, the company expanded its SYNCHRO digital construction environment with industry-leading mobile field applications to monitor and manage labor, materials, and equipment.
Oct-2019: Esri came into a partnership with 3DR, a leading US drone data company. Through this partnership, the two companies would expand the offerings of Esri in current drone imagery, Drone2Map for ArcGIS, with an end-to-end enterprise drone data and analytics solution for Esri’s ArcGIS platform. For users ranging from small operators to enterprise-wide drone projects, the ArcGIS Drone Collection provides scalable solutions. In addition, customers of Esri can now improve operational efficiency by utilizing the cloud’s elastic processing capabilities.
Oct-2019: ProntoForms entered into a partnership with ServicePower, a leading field service management (FSM) Software Company focused on transforming service experiences. Under this partnership, ProntoForms would help ServicePower to expand its FSM solution with agile app creation and next-generation mobile tools for field teams. Moreover, ProntoForms enhances ServicePower’s capabilities in critical verticals such as HVAC, appliances, security, and electronics.
Oct-2018: Bentley Systems formed a partnership with Atos, a French multinational information technology service and consulting company. Following the partnership, the two companies would together provide a comprehensive solution to develop and operate digital twins for industry and infrastructure asset owners.
Jun-2018: SAP completed the acquisition of Coresystems, a Switzerland-based pioneer in crowd service and a leading field service management platform. Following the acquisition, the acquired company would become part of the SAP Service Cloud portfolio. The platform, which is powered by artificial intelligence (AI), offers real-time scheduling of field service activities as well as simple mobile apps that allow service workers in the field to do the installation, maintenance, and repair tasks.
Jun-2018: Repsly formed a partnership with Destini, the leading product locator and aggregator of store-level data across the U.S. and Canada. The partnership would strengthen the focus of Repsly to allow CPG brands to connect in-store activities with changing consumer demand.
Apr-2017: ProntoForms came into a partnership with FieldAware, the leader in made-for-mobile, cloud-based field service automation solutions. The partnership aimed to include next-generation data collection and workflow capabilities to field service software of FieldAware.
Scope of the Study
Market Segments covered in the Report:
By Component
• Solution
• Services
o Integration & Implementation
o Consulting
o Training & Support
By Deployment Type
• Cloud
• On-premise
By Enterprise Size
• Small & Medium Enterprises
• Large Enterprises
By Vertical
• Telecom
• Construction & Real- Estate
• Energy & Utilities
• Manufacturing
• Agriculture
• Government
• 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
• Repsly, Inc.
• Spatial Networks, Inc.
• ProntoForms Corporation
• Canvas Solutions, Inc.
• SafetyCulture Pty Ltd.
• Field Safe Solutions, Inc.
• FieldWireLabs, Inc.
• Bentley Systems, Inc.
• Esri, Inc.
• SAP SE
Unique Offerings
• Exhaustive coverage
• Highest number of market tables and figures
• Subscription based model available
• Guaranteed best price
• Assured post sales research support with 10% customization free
Read the full report: https://www.reportlinker.com/p06249490/?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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View original content:https://www.prnewswire.co.uk/news-releases/congregating-in-the-lion-city-for-a-win-win-future-of-intelligent-computing-at-the-global-data-center-facility-summit-2024-302148973.html
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