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Big Data as a Service (BDaaS) Market Growth to Hit $124+ Billion, Globally, by 2028 – Growth Report by The Insight Partners

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New York, Jan. 05, 2023 (GLOBE NEWSWIRE) — The Insight Partners published latest research study on “Big Data as a Service (BDaaS) Market Size, Share, Growth, Trends and Global Forecast to 2028 – COVID-19 Impact and Global Analysis by Component [Solution (Hadoop as a Service, Data Analytics as a Services, and Others) and Services], Deployment (Public Cloud and Private Cloud), Enterprise Size (Small and Medium Enterprises and Large Enterprises), Industry (BFSI, IT & Telecom, Healthcare, Manufacturing, Media & Entertainment, and Others), and Geography”; The big data as a service market size is expected to grow from USD 18.49 billion in 2021 to reach USD 124.02 billion by 2028; it is estimated to grow at a CAGR of 31.5% from 2022 to 2028.

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Global Big Data as a Service (BDaaS) Market – Report Scope:

Market Size Value in USD 18.49 billion in 2021
Market Size Value by USD 124.02 billion by 2028
Growth rate CAGR of 31.5% from 2022 to 2028
Forecast Period 2022-2028
Base Year 2021
No. of Pages 150
Historical data available Yes
Segments covered Component, Deployment, Enterprise Size, Industry, and Geography
Regional scope North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scope US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Big Data as a Service (BDaaS) Market: Competitive Landscape and Key Developments

Amazon Web Services, Dell Technologies, Google, Hewlett Packard Enterprise, IBM, Microsoft, Oracle, SAP, SAS, and Teradata are among the key players operating in the Big Data as a Service (BDaaS) market.

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In November 2022: Accenture—a leading global professional services company—acquired ALBERT Inc., a data science company in Japan, aiming to strengthen its data and AI capabilities. Accenture is focused on helping Japanese companies reinvent enterprise data with artificial intelligence (AI). With this acquisition, ALBERT will join Accenture’s Applied Intelligence platform, providing AI and data-led transformation solutions & services.

In March 2022: IBM, in collaboration with Flexera—an IT management software company—launched new AIOps solutions designed to automate software license compliance. IBM and Flexera aim to help businesses visualize their IT estate from on-premises to SaaS to cloud and further automate the manual tasks of software license and resource optimization. IBM is extending its AI-powered automation strategy to help enterprises simplify IT asset management across hybrid and multi-cloud environments.

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Big Data as a Service (BDaaS) Market: Industry Vertical Overview

Based on industry vertical, the Big Data as a Service (BDaaS) market is segmented into BFSI, IT & telecom, healthcare, manufacturing, media & entertainment, and others. The BFSI segment accounted for the largest share of the Big Data as a Service (BDaaS) market in 2021. Big data is rapidly becoming the key driver in the financial services industry, as there is a massive circulation of data in terms of transactions, customer accounts, vendors, and others. Fraud is one of the major challenges faced by the BFSI industry; therefore, demand for BDaaS solutions and services are increasingly adopted in the BFSI industry. Fraud identification and risk management solutions are largely deployed to maintain customer trust, increase credibility, and drive revenue growth. These factors accelerate the Big Data as a Service (BDaaS) market growth in the BFSI industry.

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Big Data as a Service (BDaaS) Market: COVID-19 Overview

With driving companies switching to advanced data management solutions, the COVID-19 pandemic accelerated the growth of the Big Data as a Service (BDaaS) market. In the healthcare sector, there was an immediate requirement to store large amounts of data using different data storage technologies. The data was further researched to developed measures to contain the spread of the virus. Therefore, big data technology has been widely used to store a large amount of patient data and has helped with a massive amount of information from scientists, health workers, and epidemiologists to make informed decisions to overcome the pandemic situation. Also, the remote and hybrid work model across several industries was rapidly growing due to tremendous investment in digital transformation, which accelerated the adoption of BDaaS solutions that deliver an advanced analysis of large data sets, generally through a cloud-based network.

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Global Big Data as a Service (BDaaS) Market – Regional Overview:

The Big Data as a Service (BDaaS) market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America. North America dominated the Big Data as a Service (BDaaS) market in 2021 and is expected to continue its dominance during the forecast period. The market in the region is further segmented into the US, Canada, and Mexico. North America is the largest market for Big Data as a Service (BDaaS), as there is a higher adoption of BDaaS solutions across various industrial segments. The early adoption of cloud-based deployment services is further influencing the adoption of big data analysis services among businesses to re-structure business functions and strategies. Due to technological advancements and rapid digitization across industries, a huge amount of unstructured data is generated in the region, accelerating the Big Data as a Service (BDaaS) market growth.

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Europe is another lucrative market for Big Data as a Service (BDaaS), as there is an increased application of BDaaS in the IT & telecommunication sectors. The surge in deployments of advanced big data technologies boosts the adoption of BDaaS solutions in this region.  Asia Pacific is expected to grow significantly in the Big Data as a Service (BDaaS) market during the forecast period due to increasing government initiative toward technology adoption and a surge in demand for cloud-based services across businesses.

In the Middle East, with the rising demand for connected devices, big data technologies are increasingly adopted in various industries, such as banking, insurance, retail, and healthcare. In April 2022, Dataiku, the all-in-one data science and machine-learning platform, conducted a study and revealed that 71% of respondents from the UAE have been utilizing sales target data, and an equal number expect to use even more data in the coming five years. Telecom operators are using customer data to analyze network quality of service, enhance revenue assurance and fraud management, and develop new insights into customer usage patterns. Banks are using customer data to understand their preferences in products and services and monitor their real-time behavior. As a result, the demand for Big Data as a Service (BDaaS) solutions and services is anticipated to grow significantly in the Middle East.

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Browse other research published by The Insight Partners:

Hadoop-as-a-Service Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Deployment Type (Run it Yourself (RIY), Pure Play (PP)); Organization Size (SMEs, Large Enterprises); End-User (Manufacturing, BFSI, Retail and Consumer Goods, Healthcare and Life Sciences, Government and Defense, Media and Entertainment, Education, IT and Telecommunications, Others) and Geography

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Data Analytics Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Component (Solution, Services); Type (Predictive Analytics, Prescriptive Analytics, Descriptive Analytics); Enterprise Size (Small and Medium-Size Enterprises, Large Enterprises); Deployment Type (Cloud, On-premises); Application (Enterprise Resource Planning, Supply Chain Management, Database Management, Human Resource Management); End-user (BFSI, IT and Telecom, Retail and E-Commerce, Transport and Logistics, Healthcare, Media and Entertainment, Others) and Geography

Big Data Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Component (Solution, Service); Deployment Model (Cloud Based, On-Premises); Industry Vertical (BFSI, Retail and Consumer Goods, Media and Entertainment, Healthcare and Life Sciences, Manufacturing, Others) and Geography

Global Big Data Analytics Market Size, Share, and COVID-19 Impact Analysis – by Component (Software and Services), Analytics Tool (Dashboard and Data Visualization, Data Mining and Warehousing, Self-Service Tool, Reporting, and Others), Application (Customer Analytics, Supply Chain Analytics, Marketing Analytics, Pricing Analytics, Workforce Analytics, and Others), End-Use Industry (Pharmaceutical, Semiconductor, Battery Manufacturing, Electronics, and Others), and Regional Forecast (2022–2028)

Big Data and Business Analytics Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Component (Software, Service); Deployment Type (Cloud, On-premises); Analytics Tools (Dashboard and Data Visualization, Self-Service Tools, Data Mining and Warehousing, Reporting, Others); Application (Customer Analytics, Supply Chain Analytics, Marketing Analytics, Risk and Credit Analytics, Workforce Analytics, Others); End-user (BFSI, IT and Telecom, Retail and Consumer Goods, Manufacturing, Healthcare, Government and Education, Others) and Geography

Big Data Security Market Forecast to 2028 – Covid-19 Impact and Global Analysis – by Deployment Type (On-Premise, Cloud); Component (Software, Services); Technology (Identity and Access Management, Intrusion Detection System/Intrusion Prevention System, Security Information and Event Management, Unified Threat Management, Others); End user (BFSI, IT and Telecom, Retail, Healthcare, Manufacturing, Aerospace and Defense, Others) and Geography

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Big Data in E-commerce Market Forecast to 2028 – Covid-19 Impact and Global Analysis – by Component (Big Data Software in the E-commerce, Big Data Hardware in the E-commerce); Type (Structured Big Data in the E-commerce, Unstructured Big Data in the E-commerce, Semi-structured Big Data in the E-commerce); Deployment (Cloud-based, On-premises); End Use (Online Classifieds in the E-commerce, Online Education, Online Financials, Online Retail, Online Travel and Leisure, Other End Uses) and Geography

Big Data Analytics In Healthcare Market Forecast to 2028 – Covid-19 Impact and Global Analysis – By Component (Software, Services); Deployment Type (On-Premises, Cloud); Type (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics, and Diagnostic Analytics); and Application (Clinical Analytics, Financial Analytics, and Operational Analytics)

Big Data Platform Market Forecast to 2028 – Covid-19 Impact and Global Analysis – by Offering (Solution, Service); Deployment (On-premises, Cloud); End-user (BFSI, IT and Telecom, Government, Others) and Geography

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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If you have any queries about this report or if you would like further information, please contact us:

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Contact Person: Sameer Joshi
E-mail: [email protected]
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/big-data-as-a-service-bdaas-market

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Artificial Intelligence

How AIoT shapes the future of mobility: Hikvision at ITS World Congress 2024

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HANGZHOU, China, Sept. 27, 2024 /PRNewswire/ — Hikvision made a significant impact at the ITS World Congress in Dubai with its captivating theme, “Embrace AIoT for safer, smarter, and greener mobility.” Its booth became a hub of innovation, where visitors explored AIoT solutions that are reshaping the transportation landscape, sparking deep conversations on the future of urban mobility.

Road safety revolution: harnessing AIoT for secure transportation
Hikvision’s commitment to road safety was on full display at its booth through the impressive array of AIoT solutions designed to create secure and reliable traffic environments. The company’s technology provides 24/7 traffic monitoring, ensuring continuous oversight of motor vehicles, non-motorized vehicles, pedestrians and environmental factors. This comprehensive, real-time information collection enables traffic managers to prevent accidents and enhance road safety. Among the showcased products was the 20 MP IR ANPR Checkpoint Capture Unit, renowned for its high-definition capture capabilities, bolstering traffic safety measures.
A standout innovation was the integration of advanced radar and camera technologies, ensuring uninterrupted, comprehensive detection even in adverse weather conditions. The Radar-Video Fusion Incident Detection Cameras, featured prominently in the product experience area, enable early detection and warning of potential hazards. They are particularly effective in challenging situations such as curved roads, blind spots at intersections, and obstacles beyond visual range.
Attendees also engaged with onboard monitoring products on the simulated bus, including dome network cameras, which is designed to enhance passenger safety. Driving assistance products, such as the Driver Status Monitor (DSM), were demonstrated to mitigate unsafe driving behaviors and ensure safer journeys.
Urban mobility redefined: smart traffic innovations
In the realm of smarter mobility, Hikvision showcased its multidimensional sensing technology, which integrates visible light sensors, infrared sensors, radar, and sonar. This technology expands perception capabilities, significantly improving traffic management and situational awareness. The use of AI-powered comprehensive sensing elevates incident monitoring and violation detection to unprecedented levels of accuracy and efficiency.
A major attraction was the Radar-Video Fusion TandemVu PTZ Camera, which integrates millimeter-wave radar with high-resolution cameras for extensive traffic detection and data analysis. AI-based algorithms combine these two systems to enhance target information, detecting up to 16 types of incidents. This leads to the development of a large-scale fusion model that merges spatial physical data with image semantic information. The result is ultra-long-range perception, achieving over 95% accuracy in vehicle trajectory detection. This robust system improves traffic violation management and optimizes traffic flow, significantly enhancing road efficiency.
At the simulated bus station, visitors observed how AI-assisted people counting automated the collection of passenger flow statistics at peak stop hours and bus line frequency during busy periods. Paired with smart bus stop digital signage, the solution improves bus service quality, operational efficiency, passenger experience, and overall public transport effectiveness.
Sustainable transportation: leading the charge for greener cities
Hikvision’s commitment to sustainable urban mobility was evident through its innovative green wave technology and eco-friendly checkpoint solutions. Green wave technology efficiently manages traffic flow to reduce congestion and lower carbon emissions, aligning with global sustainability goals. Visitors were particularly impressed by a case study showcasing a green wave solution implemented in Zhoushan, China. Over a stretch of 21 kilometers and 34 intersections, this main road cut travel times by 50%.
The use of DarkFighterX technology in checkpoint cameras also received significant attention. This technology senses both visible and invisible light, resulting in more accurate and realistic images. It enhances traffic violation enforcement efficiency while minimizing the need for high ambient light levels, thus reducing light pollution. The 9M DarkfightX ANPR Checkpoint Camera exemplified this dedication to environmental stewardship.
Frank Zhang, President of Hikvision MEA, remarked, “Hikvision supports sustainable urban planning by empowering traffic departments to address congestion and transportation challenges.” He further emphasized, “Our system’s openness fosters a secure and reliable platform for developing smart and green cities. Additionally, our solar technology is extensively utilized in remote areas, while our smart street lighting solutions reduce energy consumption by 20-30%, promoting intelligent urban transportation and advancing global sustainability objectives.”
Hikvision’s presence at the ITS World Congress in Dubai underscored its leadership in integrating AIoT technologies to drive safer, smarter, and greener mobility solutions. The engaging presentations and advanced product demonstrations captured significant attention from industry partners and customers, reaffirming the company’s role as a pioneer in shaping the future of urban transportation. As the world moves towards more intelligent and sustainable transportation systems, Hikvision remains at the forefront, embracing AIoT to create a safer, smarter, and greener future for all.
To find out more about Hikvision’s advanced traffic and public transport solutions, please explore the Hikvision official website.
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Artificial Intelligence

Anti-Drone Market worth $7.05 billion by 2029 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Sept. 27, 2024 /PRNewswire/ — The global anti-drone market was valued at USD 2.16 billion in 2024 and is projected to reach USD 7.05 billion by 2029; it is expected to register a CAGR of 26.7% during the forecast period according to a new report by MarketsandMarkets™. Increasing government spending on counter-drone technologies, rising incidence of critical infrastructure security breaches by unauthorized drones, and surge in adoption of aerial remote sensing technologies to safeguard critical infrastructure are attributed to the demand for anti-drone.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=177013645
Browse in-depth TOC on “Anti-Drone Market” 178 – Tables61 – Figures253 – Pages
Anti-Drone Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 2.16 billion
Estimated Value by 2029
$ 7.05 billion
Growth Rate
Poised to grow at a CAGR of 26.7%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By System Type, Application, Platform type, Vertical, and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Vulnerability to hacking
Key Market Opportunities
Emphasis on improving unmanned aircraft systems technology
Key Market Drivers
Growing number of illicit activities
By System Type: Hybrid systems to account for the larger market share in the forecasted year.
The hybrid segment accounted for the largest share of the anti-drone market in 2029. The trends of integrating multiple anti-drone technologies are rising since they are most effective in detecting, tracking, and neutralizing drone threats. These systems merge electronic, kinetic, and lasers, providing a comprehensive defense solution against UAVs. Hybrid systems use electronic, kinetic, and laser-based countermeasures to offer optimum protection against drones. These systems are designed to detect, track, identify, categorize, and mitigate drones at operational wide ranges ranging from a few km up to tens of km.
By Platform: The ground-based segment accounted for the largest market share in the forecast year.
The ground-based segment will hold a major share of the anti-drone market in 2029. Many ground-based anti-drone systems use several electronic technologies, such as radar, IR sensors, acoustic systems, and RF & GNSS jammers. MESA radar solutions are used mostly for counter-UAS purposes, protecting critical infrastructure, military camps, and other security-sensitive sites from unauthorized drones. One such solution is EchoGuard, a ground-based airspace management solution that contains a software-defined 3D radar that can be specific to the site. This system can identify single or multiple off-chance drones, including swarms in unauthorized areas. They provide accurate and sustained airspace surveillance for the field of view (FOV) they are configured, and both human and AI-monitored visual checks. The system can be easily transported and integrated directly with the command-and-control centers or another identification sensor for portable use, and multiple units of the system can be combined to cover vast areas or lengths of borders. Major providers of ground-based counter-drone systems include companies like EchoDyne Corporation, DeTect, Meteksan Defense, and WhiteFox Defense. Acoustics-based Discovair G2 utilizes patented microphone arrays. With 128 interconnected microphone elements, the Discovair sensor units can establish azimuth and elevation to the target in real-time using advanced digital signal processing.
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By Region: Americas are expected to hold the largest share of the anti-drone market during the forecast period.
Americas is expected to capture the largest share in the anti-drone industry during the forecast period. The growth can be attributed to protecting crucial infrastructure in the region. Governments, particularly in the US, invest in anti-drone systems for military bases, borders, and critical infrastructure. For Instance, in April 2023, RTX secured a USD 237 million contract from the US Army to provide Ku-band Radio Frequency Sensors (KuRFS) and Coyote effectors. These systems are designed to detect and neutralize unmanned aircraft systems (UAS). The contract includes stationary and mobile systems and a specified quantity of effectors, all aimed at enhancing the Army’s operations within the US Central Command region.
Key Players-
The key companies offering anti-drone companies include RTX (US), Lockheed Martin Corporation (US), Leonardo S.p.A. (Italy), Thales (France), and IAI (Israel).
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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports: 
Drone Sensor Market Size, Share, Industry Growth & Trends by Sensor Type, Platform (VTOL Type, Fixed Wing Type, Hybrid Type), Application (Navigation, Collision Detection & Avoidance, Data Acquisition, Motion Detection, Power Monitoring), End Users and Region – Global Forecast to 2029
Smart Agriculture Market Size, Share, Statistics and Industry Growth Analysis Report by Offering (Hardware, Software, Services), Agriculture Type, Farm Size (Large, Medium, Small), Application (Precision Farming, Livestock Monitoring) and Region (America, Europe, Asia Pacific, Row) – Global Forecast to 2028
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact: Mr. Rohan SalgarkarMarketsandMarkets™ INC. 1615 South Congress Ave.Suite 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: [email protected] Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/anti-drone-market.aspContent Source: https://www.marketsandmarkets.com/PressReleases/anti-drone.asp
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Artificial Intelligence

CluePoints Launches Medical & Safety Review (MSR) Software to Revolutionize Clinical Data Review

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CluePoints furthers its commitment to delivering innovative solutions that enhance clinical trial efficiency with this latest addition to its enterprise software platform.
KING OF PRUSSIA, Pa., Sept. 27, 2024 /PRNewswire/ — CluePoints continues to transform clinical trial review and leverage its industry-leading software to enhance the interrogation, analysis and presentation of data with the launch of its latest application, Medical & Safety Review (MSR).

The tool simplifies and streamlines the medical analysis of study data through user-friendly dashboards, data manipulation and cleaning, query management and full transparency over the data history. This not only improves efficiency and communication in medical oversight, but also elevates patient safety, differentiating MSR as a smarter and unique solution.
Designed by, and for Medical and Safety Reviewers, MSR converts the manual analysis of patient outcomes, which can be prone to inefficiency and error, into an accurate, efficient process. MSR tackles time-consuming study preparation for specific visualizations by featuring a comprehensive standard visualization library as well as the ability to copy and reuse dashboards across different studies, enabling the identification of outlying values, change tracking, and improved communication for smarter clinical trials.
Other benefits of MSR include:
Enhanced medical review efficiency and reduced human errors via automated checksReduced time spent by clinical and data management teams in reviewing dataImproved collaboration with integrated review workflows across departmentsEnsured record quality and accountability with comprehensive change trackingDriving faster decision making with the proactive detection of trends and safety issuesEnsuring regulatory compliance with rule-based detection and user assignmentsAndy Cooper, Chief Executive Officer at CluePoints, commented, “We are thrilled to announce the launch of Medical & Safety Review to our growing product offerings. MSR is the latest application addition to the CluePoints platform, which includes products such as Risk-Based Quality Management (RBQM) and our Site Profile & Oversight Tool (SPOT). Together, they provide a comprehensive approach to clinical trial optimization, enhancing data integrity, ensuring regulatory compliance, and accelerating drug development. The creation of MSR ensures a more streamlined review process while prioritizing patient safety at every step and empowers medical teams to swiftly identify outliers, track data changes, and improve communication.”
To learn more about CluePoints’ award-winning solutions, please visit www.cluepoints.com
About CluePoints
CluePoints is the premier Risk-Based Quality Management (RBQM) and Data Quality Oversight Software provider. We are leveraging the potential of Artificial Intelligence using Advanced Statistics and Machine Learning to determine the quality, accuracy, and integrity of clinical trial data both during and after study conduct. Aligned with guidance from the FDA, EMA, and ICH E6 (R2), CluePoints is deployed to support central and on-site monitoring, medical review, quality risk management and to drive a holistic Risk-Based strategy in all trials. Coupled with thought leadership and consulting expertise to aid pre-study risk assessment, identification of risk controls and solution implementation, you now have everything you need to adhere with global regulatory guidance. The result is positive clinical development outcomes, increased operational efficiency, lower costs and reduced regulatory submission risk as part of the industry paradigm shift to RBQM.
 

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