Artificial Intelligence
Global Digital Identity Solutions Market Size, Share & Industry Trends Analysis Report By Component, By Authentication Type, By Organization size, By Deployment Mode, By Vertical, By Regional Outlook and Forecast, 2022 – 2028
New York, June 10, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Digital Identity Solutions Market Size, Share & Industry Trends Analysis Report By Component, By Authentication Type, By Organization size, By Deployment Mode, By Vertical, By Regional Outlook and Forecast, 2022 – 2028” – https://www.reportlinker.com/p06283414/?utm_source=GNW
Information about an entity used by a computer system to identify an external agent is referred as digital identity. Accessing computers and delivering services to clients is achievable through digital identity systems. The compliance of personal information that appears in a digital form, including everything from an individual’s date of birth to all behaviors on social media platforms, is referred to as a digital identity solution. These solutions provide several benefits, including increased accuracy and compliance, lower operational costs, improved customer experience, and improved security.
Biometric authentication, which includes fingerprint, facial recognition, handprint, voice recognition, retina, or eye scan, is included in digital identification systems. Biometric features and digital identities are unique to each individual. It authenticates the user and grants them access to a limited set of services using lock-and-capture mechanisms. In addition, traditional identity verification systems, which rely on static certifications, are less secure than digital identity solutions. Traditionally, identity verification has been accomplished by direct social interaction and physical examination of government-issued documents.
Because this solution provides significant benefits for individuals and organizations, the market for digital identity solutions is expected to increase over the forecast period. Several organizations benefit from digital identification solutions because they have a large staff and associated networking equipment that are vulnerable to identity-related hazards. Since organizations have offices all over the world, they are encouraged to give deploy these solutions for their employees via real-time data access.
COVID-19 Impact
Since the worldwide COVID-19 pandemic broke out, automobile demand has dropped dramatically. It’s because of government-imposed restrictions on firms, such as temporary bans on raw material imports and exports, plant closures, and entire or partial lockdowns. The pandemic has had a significant impact on various end-user industries of digital identity solutions including hospitality, manufacturing, and entertainment.
However, worldwide governments and federal bodies have mandated both public and commercial enterprises to leverage new strategies for working remotely and maintaining social distance amid the COVID-19 pandemic. Since then, digital business practices have become the new Business Continuity Plan (BCP) for various businesses. Individuals are more attracted to adopt digital technologies such as cloud solutions as a result of the widespread usage of BYOD devices, the WFH trend, and internet saturation throughout the world, necessitating the need for cybersecurity measures to protect against cyber-attacks.
Market Growth Factors
Integration of the biometrics into smartphones
The number of smartphone users worldwide has surged as a result of rapid technology breakthroughs, and the world has become more connected than ever before. Traditionally, the only secure method of authentication was through the use of a password key mechanism. These password security measures are becoming easier to exploit as technology advances. Passwords are not as secure as digital identity-based security, such as biometrics and multi-factor authentication. Most smartphones across the market include a camera as well as identification features such as fingerprint and face recognition. More smartphone manufacturers are incorporating fingerprints and face recognition technologies into devices.
Access of digital identity solution in the smart cities
While modern and reasonably safe, today’s urban enclaves are beyond smart. In terms of traffic and junk architecture, management, wireless access, and other sectors, there are still several problems and needs for development. The Internet of Things (IoT) would allow several technological breakthroughs that would enhance these features, but the individual experience will be highly diverse. The majority of the world’s population now lives in cities, and current projections indicate that this number would rise. Due to sudden increase in urban population, increased services and a great and gratifying citizen experience are critical to smart city success. Digital identity is significantly important in order to allow project participants and government officials to access these projects.
Market Restraining Factors
The increased expense of implementing digital identity solutions
Organizations across all industries are concerned about the growing risks of cyberattacks and identity-related scams and thefts. To address these security concerns, organizations have started to install identity management solutions for identification and authentication. However, one of the factors impeding the development of the online identity solutions market is the cost involved with deploying such solutions. Implementing digital identity systems requires significant upfront expenditures and costs. Due to limited resources, SMEs usually focus on security after a violation already happened. Enterprises focus on the protection of just critical servers, ignoring the data held in databases, which becomes subject to cyber-attacks.
Component Outlook
Based on Component, the market is segmented into Solution (Without Services), (Biometrics and Non-Biometrics) and Services. The service segment recorded the significant revenue share in in the Digital Identity Solutions Market in 2021. As the number of connected devices grows, the demand for managed services automatically increases, which allows businesses to focus on their core operations. The major benefit of management services is its experience, which consumers can leverage. Moreover, the services segment is being driven by an increased demand for installation and training services. In addition, the suppliers offer a mix of management services, training, and support to businesses to enable effective device management and secure corporate data shared over endpoints. These factors are augmenting the growth of this segment.
Authentication Type Outlook
Based on Authentication Type, the market is segmented into Single-factor Authentication and Multi-factor Authentication. The single factor Authentication segment garnered the largest revenue share in the Digital Identity Solutions Market in 2021. Single-Factor Authentication is an identity verification procedure that involves the access-requesting party to produce a single identifier or factor that is linked to its identification with the authenticating party. Many systems utilize Single factor authentication, or SFA, by default since it is simple and inexpensive to deploy. Password is the most widely used single-factor identification. Other often-used identifiers are SMS codes sent to an enrolled mobile device, one-time passwords created by a physical device or software on a mobile device or computer. This factor would propel the growth of the segment.
Organization size Outlook
Based on Organization size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises (SMEs). The small and medium enterprise segment recorded the significant revenue share in the Digital Identity Solutions Market in 2021. Small business identity access software suite builds a comprehensive database of user information at one location, allowing the company to keep track of user records and roles more easily. It can unify all of directory systems with the correct identity and access management software for business, ensuring that no system, new or old, is left behind.
Deployment Mode Outlook
Based on Deployment Mode, the market is segmented into On-premise and Cloud. The On-premise segment acquired the highest revenue share in the Digital Identity Solutions Market in 2021. Organizations are likely to indulge in on-premise solutions because they provide complete control of the data, particularly in security-related solutions. These solutions are used by the government and the military to address identity-related concerns, which is driving up demand for on premise solutions.
Vertical Outlook
Based on Vertical, the market is segmented into BFSI, IT, ITeS & Telecom, Government & Defense, Healthcare, Energy & Utilities, Retail & eCommerce, and Others. The retail and e-commerce segment registered the substantial revenue share in the Digital Identity Solutions Market in 2021. The retail and e-commerce industries have become one of the most data-sensitive industries. Escalating digital payments have been accompanied by a rise in individual data storage, potentially resulting in data leakages in the face of rising cyber-crime. As data systems become more complex as a result of growing digitalization, enhanced authentication is required. Adopting a digital identification solution can assist shops in preventing intruders from entering internal access, resulting in data loss reduction. As a result, the growth of the segment is being boosted.
Regional Outlook
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The North America segment acquired the highest revenue share in the Digital Identity Solutions Market in 2021. Partnerships, strategic investments, and major R&D operations, in addition to geographical presence, are all contributing to the widespread adoption of digital identification systems. Due to reasons such as the rise in identification and authentication frauds and the presence of significant suppliers in the region, North America is regarded as the most advanced market in terms of incorporating technological identity solutions.
The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; NEC Corporation and Thales Group S.A. are the forerunners in the Digital Identity Solutions Market. Companies such as Samsung SDS Co., Ltd., Jumio Corporation and ForgeRock, 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 TELUS International, Inc., Samsung SDS Co., Ltd., GB Group PLC, NEC Corporation, Thales Group S.A., OneSpan, Inc., ForgeRock, Inc., ImageWare Systems, Inc., IDEMIA SAS, and Jumio Corporation.
Recent strategies deployed in Digital Identity Solutions Market
Partnerships, Collaboration and Agreements:
Feb-2022: OneSpan came into a partnership with Smart Communications, a leading technology company. Through this partnership, OneSpan aimed to combine its OneSpan Sign within the Smart Communications platform to broaden the worth of the entire consumer experience.
Sep-2021: OneSpan formed a partnership with BankID, the largest electronic identification system. Under this partnership, OneSpan would help BankID to enhance its app security by providing its Mobile Security offering, which observes financial transactions to help detect potentially crooked action.
Nov-2021: TELUS joined hands with WestJet, a Canadian airline headquartered in Calgary. Under this collaboration, the companies focused on trying Trusted Boarding, a touchless procedure that uses secure and safe facial authentication technology to verify passenger identity preceding boarding a flight.
Sep-2021: Imageware came into a partnership with Tech5, an international technology company. Under this partnership, the companies aimed to integrate biometric solutions for the marine and visitor administration companies and formed a suite combined partnership.
Jul-2021: IDEMIA formed a partnership with Bosch Building Technologies, a global leader in the security market. Together, the companies aimed to integrate IDEMIA biometric devices along with the BIS platform to build a strong portfolio for an enterprise looking for an advanced level of security and client convenience.
May-2021: Jumio partnered with Veridium, the most comprehensive Integrated Identity Platform. This partnership aimed to introduce choice and stronger security flexibility for eKYC use cases, enabling enterprises to apply industry-dominating abilities for document, facial, and fingerprint biometric approval for identity authentication.
Apr-2021: Jumio partnered with Copper River IT, a leading provider of program-focused advanced network/systems. Under this partnership, the companies aimed to provide online identity authentication services that assist government entities and the public sector to optimize detect fraud and meet KYC, online conversions, AML, and data privacy demands within an instinctive digital banking experience.
Apr-2021: Jumio joined hands with Microsoft, an American multinational technology corporation. Together, the companies aimed to introduce Azure Active Directory supportable credentials to help deliver self-service registration and quick onboarding of distant consumers.
Mar-2021: Jumio came into a partnership with LendInvest, the UK’s leading property finance platform. Together, the companies aimed to streamline LendInvest’s digital application procedure for its Buy-to-Let product by integrating Jumio’s biometric-based technology within the digital application system, LendInvest BTL candidate can confirm their identity online. Additionally, verification requires photo and ID documents photo in their mobile phones.
Mar-2021: IDEMIA came into a partnership with Cybernetica, an Estonian company known for the development of Estonia’s e-Estonia X-Road and Internet voting system. Through this partnership, the companies aimed to provide innovative smartphone-based ID verification and a digital Signature. Additionally, this partnership would allow handy and decent access to eServices regardless of location, by changing a smartphone into a secured verification and signing device.
Mar-2021: ImageWare Systems joined hands with Safe-T Group, a provider of secure access solutions and intelligent data collection. Together, the companies aimed to introduce the first-ever biometric-based ZTNA solution.
Sep-2020: OneSpan came into a partnership with ForgeRock, a leading digital identity provider. Under this partnership, OneSpan aimed to combine its OneSpan technologies within the ForgeRock Identity Platform to use deliver a single, open solution to clarify verification, along with fraud and risk management.
Jul-2020: NEC came into a partnership with SITA, IT and telecommunication services provider. This partnership aimed to build a technology that allows a safe traveling experience at airports across the world using NEC’s I: Delight identity administration platform along with SITA Flex and Smart Path.
Product Launches and Product Expansions:
Dec-2021: ForgeRock introduced a new feature Organizations and Themed User Journeys. The new ForgeRock Identity Cloud feature provides all identity patterns from one platform to help organizations minimize prices and grow brand loyalty with more safe and highly customized consumer experiences without spending much on personalization.
Dec-2021: IDEMIA I&S North America introduced ID2Travel, the first-of-its-kind travel platform. The ID2Travel offers an accommodating passenger identity platform enclosing the complete traveler facilitation environment, already stated by IDEMIA and partners across the world.
Oct-2021: Jumio unveiled an intuitive no-code orchestration layer for its KYX Platform. The solution unites a complete set of fraud and risk tracking abilities to address compliance authentication, identity proof, and AML use cases.
Feb-2021: ImageWare Systems unveiled ImageWare Authenticate. The solution offers a seamless combination of biometric multifactor authentication within actual enterprise and customer applications.
Oct-2020: Thales introduced the Identity Verification offering. The portfolio allows secure and complete AI identity verification service with the latest combined facial identification technology, document security features spotting and machine learning engines.
Jun-2020: ForgeRock introduced major updates in its ForgeRock Identity Platform. The updated strength secure, simple experiences that minimize enterprise price and authorize consumers. Moreover, the platform delivers organizations with cloud improvements to reduce downtime and upgrade DevOps practices.
Acquisitions and Mergers:
Feb-2022: GB Group completed the acquisition of Verifi Identity Services, a leading provider of electronic Identity Verification, and Anti-Money Laundering solutions. This acquisition aimed to provide improved width of identity solutions that assist meet complex AML/KYC conformity demands together with its appreciative location and scam and compliance portfolio.
Jan-2022: Jumio took over 4Stop, the leading data marketplace and orchestration hub. Through this acquisition, Jumio aimed to combine with 4Stop’s hub to allow the enterprise to control the whole consumer identity lifecycle within a single, united platform and would enable quick composition and combination through one easy and instinctive API layer.
Nov-2021: GB Group took over Acuant, the leading identity verification, and KYC/AML compliance provider. Through this acquisition, the combined offering would deliver the enterprise’s best end-to-end abilities and an improved technology platform that would support an actual network of partners and consumers as they control billions of global deals across various industry sectors.
Oct-2020: NEC took over Avaloq Group, a Swiss financial software company. Through this acquisition, the company aimed to combine artificial and biometrics intelligence technologies with cloud solutions for digital government.
Scope of the Study
Market Segments covered in the Report:
By Component
• Solution (Without Services)
o Biometrics
o Non-Biometrics
• Services
By Authentication Type
• Single-factor Authentication
• Multi-factor Authentication
By Organization size
• Large Enterprises
• Small & Medium-sized Enterprises (SMEs)
By Deployment Mode
• On-premise
• Cloud
By Vertical
• BFSI
• IT, ITeS & Telecom
• Government & Defense
• Healthcare
• Energy & Utilities
• Retail & eCommerce
• 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
• TELUS International, Inc.
• Samsung SDS Co., Ltd.
• GB Group PLC
• NEC Corporation
• Thales Group S.A.
• OneSpan, Inc.
• ForgeRock, Inc.
• ImageWare Systems, Inc.
• IDEMIA SAS
• Jumio Corporation
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/p06283414/?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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