Artificial Intelligence
Content Analytics Market is Projected to Hit USD 20.2 Billion at a 19.2% CAGR by 2030 – Report by Market Research Future (MRFR)
New York, US, Jan. 12, 2023 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Content Analytics Market, By Application, By Deployment, By Vertical – Forecast 2030, the market is anticipated to acquire a valuation of approximately USD 20.2 billion by the end of 2030. The reports further predict the market to flourish at a robust CAGR of over 19.2% during the assessment timeframe.
Key Players
Eminent players profiled in the content analytics market report include-
- International Business Machine Corporation (U.S.)
- Adobe Systems, INC. (U.S.)
- Clarabridge, INC. (U.S.)
- Interactive Intelligence Group, INC. (U.S.)
- Opentext Corporation (Canada)
- Oracle Corporation (U.S.)
- Verint Systems (U.S.)
- Nice Systems LTD. (Israel)
- SAP SE (Germany)
- SAS Institute, INC. (U.S.).
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Industry Updates
- January 09, 2023- In addition to its collection of Social Sentiment feeds, Context Analytics also unveiled its Private Company Database, a new asset class. Investors now have a new tool for analyzing social brand and model pricing on the top Private Companies thanks to the Private Company Database, an API feed that presents metrics on Twitter conversations about these Private Companies.
Report Scope:
| Report Metric | Details |
| Revenue forecast in 2030 | USD 20.2 billion |
| Growth Rate | CAGR of 19.2% from 2022 to 2030 |
| Base Year | 2021 |
| Study Period | 2022-2030 |
| Key Market Opportunities | Burgeoning Need for Real-Time Data Analytics to offer Robust Opportunities |
| Key Market Drivers | Growing Need for Digitalization in Government Sector to Boost Market Growth |
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Content Analytics Market Dynamics
Drivers
Growing Need for Digitalization in Government Sector to Boost Market Growth
In the upcoming years, the government sector’s rising desire for digitalization is projected to continue to be a key driver of the worldwide content analytics market. Due to the growing importance of digital identity systems placed by a number of developing nations and the growing push to digitalize population records, the government sector offers enormous potential for the content analytics market.
Opportunities
Burgeoning Need for Real-Time Data Analytics to offer Robust Opportunities
One of the key growth areas for the content analytics market is the rising demand for real-time data analytics from various enterprises. Real-time content analytic solutions are in high demand in the industry because of features like quick and precise results and cost-effectiveness.
Restraints
Poor Customer Relationship Management to act as Market Restraint
The poor customer relationship management coupled with high price of content analytics software may act as market restraints over the forecast period.
Challenges
Data Breach Concerns to act as Market Challenge
Concerns related to data breach and stringent government regulations may act as market challenges over the forecast period.
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Content Analytics Market Segmentation
The global content analytics market is bifurcated based on application, deployment, and vertical.
By application, social media analytics will lead the market over the forecast period. Brands can utilize social media analytics to make targeted decisions using data from external marketing. It is essential to extrapolate useful insights from the increasing volume of data shared on social media. More people are utilizing social media, and these websites generate a wide range of information. Social media analytics significantly contributes to the growth of the content analytics market since social media platforms are being used more frequently for advertising and customer service.
By deployment, cloud will dominate the market over the forecast period. This can be related to the effectiveness of cloud deployment. It does away with the necessity for an IT team. The vendor may carry out the monitoring. Small and medium-sized businesses favor cloud implementation, too.
By vertical, retail & consumer goods will spearhead the market over the forecast period. Modern technologies like artificial intelligence, machine learning, and NPL are used in content analytics to uncover hidden information about consumers’ content consumption patterns. This makes it possible for shops to raise the quality of their products by paying attention to trends and consumer preferences. Using text analytics, businesses can swiftly assess client input and alter their business practices.
COVID-19 Analysis
The COVID19 pandemic wreaked havoc on people all over the world. The pace of economic growth around the world sank to its lowest levels. In order to maintain its daily operations, every industry and corporation faced several obstacles. Due to the requirements of the lockdown, all manufacturing and industrial activity was closed. Along with the global financial and health crises, the industry for content analytics also faced some challenges. The market was able to continue growing steadily despite these challenging conditions because to the efforts of leading market participants.
Businesses tended to deploy increasingly automated processes and choose digitization throughout the pandemic. The demand for content analytics software has expanded as a result of the rising use of cloud-based technologies. Such software was increasingly adopted by enterprises and corporations, which boosted the expansion of the content analytics market. The market potential is increasing once more as COVID19’s influence is gradually decreasing.
Regional Analysis
North America to Sway Content Analytics Market
Due to the growing adoption of cloud-based solutions by businesses and the need to strengthen information governance within enterprises, North America is predicted to experience market expansion for content analytics. The largest market share is predicted to come from North America. This can be ascribed to the region’s early embrace of cutting-edge technologies. A bigger audience now has access to consume online material thanks to the region’s rising internet usage. North America is home to the largest adoption of data management technology across a variety of end-user industries, which has had a significant impact on the development of numerous analytical tools, including content analytics solutions. The biggest players are based in the US and include IBM Corporation, Oracle, SAP SE, and Microsoft Corporation. Additionally, it is projected that growing e-commerce and social networking sites in the region will drive market growth.
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APAC to Have Admirable Growth in Content Analytics Market
Due to ongoing expenditures in the market’s research and development for content analytics, it is predicted that the Asia Pacific region would have the quickest growth. The region’s content analytics market is expanding significantly due to the strong growth in e-commerce trends used to draw in new customers. Small and medium-sized businesses are using content analytics technologies more frequently in the Asia Pacific region. The rapid growth of their populations, their IT environments, and their e-commerce sectors has led emerging nations like China and India to use content analytics solutions widely. Additionally, the region’s content analytics market is expanding due to competitive advantage, a growing retail industry, and widespread technology improvements in cloud, analytics, and mobile technologies.
Due to the growing importance of computer vision software, predictive analytics, and natural language processing, the Asia Pacific region is anticipated to offer attractive growth prospects. It has become more common, for instance, to organize training data for natural language processing using artificial data. Additionally, the market is anticipated to grow during the projected period due to the region’s growing adoption of content analytics tools by different verticals.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
DALIAN, China, July 1, 2024 /PRNewswire/ — “AI in healthcare is extremely challenging. For companies, it requires not only solving scientific problems but also understanding AI technology and respecting the complexity of the healthcare industry.” At the 15th Annual Meeting of the New Champions, also known as Summer Davos, Ms. Gong Rujing (Yingying), Chairwoman and Founder of Yidu Tech, was invited as a distinguished representative of the healthcare technology sector. She shared her unique insights into the future of AI in healthcare during the thematic dialogue on “Healthcare Analytics, Not Moving Fast Enough.”
This year marks the 10th anniversary of Yidu Tech and Ms. Gong Rujing’s decade-long dedication to the healthcare industry. From the inception of her entrepreneurial journey 10 years ago, she has been driven by the mission to leverage the power of technology to deliver precise healthcare to every individual.
Ms. Gong described the past decade as a journey filled with miracles and achievements. During this period, Yidu Tech has progressively established close collaborations with key stakeholders in the healthcare industry, including government agencies, hospitals, pharmaceutical companies, insurance firms, experts, and clinicians. As of March 31, 2024, Yidu Tech’s “AI Medical Brain” YiduCore has been authorized to process and analyze over 5 billion medical records, covering more than 2,500 hospitals.
In AI-powered clinical research, Yidu Tech has supported researchers and clinicians in producing over 240 high-level papers, accelerating the application of research outcomes. Additionally, Yidu Tech provides clinical trial services to globally renowned pharmaceutical companies, helping them optimize trial processes, reduce costs, and bring new drugs to market more swiftly, ultimately benefiting patients. In healthcare management, Yidu Tech’s AI technology plays a crucial role by analyzing vast amounts of medical data to provide comprehensive decision support to healthcare administrators, helping them optimize resource allocation and improve service efficiency.
“We are now entering a new era of AI technology.” The development of large language model technologies has opened up new possibilities across various industries. Yidu Tech has independently developed a large language model specific to the medical field and is advancing its application across the entire healthcare industry chain. The goal is to promote further progress and innovation through new AI technologies. However, Ms. Gong also emphasized that the healthcare industry is professional, complex, and sensitive, and the application of new technologies must address challenges such as data security, privacy protection, and ethics.
“Data security and privacy protection are fundamental to the development of AI technology and medical big data technology. We must ensure that all stakeholders are satisfied with compliance, security, accessibility, and privacy protection.”
“AI technology still has a long way to go.” She called on policymakers, healthcare institutions, and technology companies to work together to realize the immense potential of healthcare data. Ms. Gong highlighted that building trust is key, and enhancing data operability is essential to fully unleash the power of data. “It’s not just about better data quality; it’s about a better future for health.”
View original content:https://www.prnewswire.co.uk/news-releases/transforming-healthcare-with-ai-yidu-techs-gong-rujing-at-summer-davos-302186561.html
Artificial Intelligence
Yidu Tech’s FY2024 results: existing business achieves first full-year profit on adjusted EBITDA
HONG KONG, July 1, 2024 /PRNewswire/ — On June 27, 2024, Yidu Tech Inc. (the ”Company” or ”Yidu Tech”) (2158.HK), a leader in China’s AI medical industry, announced its results for the 2024 fiscal year. During the reporting period, the Company recorded revenue of RMB 807.1 million. Gross profit margin in FY2024 increased to 42.1% from 34.1% in FY2023, representing an increase of 8 percentage points, hitting a record high. Adjusted net loss narrowed from RMB 448.7 million in FY2023 to RMB158.1 million, down 64.8% year-on-year. The management of Yidu Tech said at the annual results conference the next day that excluding strategic investments in proprietary large language model, non-cash items, and non-operating items, the adjusted EBITDA for our current business has achieved profit, moving from a RMB 327 million loss to a profit of RMB 31.1 million for the first time this fiscal year.
Management added that as of market close on June 27, the Company’s P/B ratio has decreased to 1.06. Not including the valuation of its domestic and international businesses, its market value is still lower than its fund reserves on hand. As such, management believes that the Company’s share price is still severely undervalued. Notably, renowned sovereign fund BIA has continually increased its shareholding of Yidu Tech by 21.50% over the past two months. The management is confident in the Company’s long-term growth potential and hopes to continually create innovative technologies and increase returns to its shareholders.
In FY2024, Yidu Tech focused on its core business, improving internal operating efficiency and earning quality. Among its earnings, revenue from its big data platform and solutions segment reached RMB 313.6 million, an increase of 41.4% year-on-year. Revenue from its life science solutions segment reached RMB 324.0 million, up 28.1% year-on-year and the gross margin increased by 14.6 percentage points to a historical high of 32.1%. Revenue from its health management platform and solutions segment reached RMB 169.5 million, and the gross profit margin of this segment was 58.1%, representing a year-on-year increase of 17.4 percentage points.
During the reporting period, the Company has continued the development and training of large language model in the medical vertical field based on 500 billion fine-trained Tokens, with model training for 6B, 13B, and 70B parameters completed.
View original content:https://www.prnewswire.co.uk/news-releases/yidu-techs-fy2024-results-existing-business-achieves-first-full-year-profit-on-adjusted-ebitda-302185986.html
Artificial Intelligence
Lucinity’s AI Innovation Recognized at Microsoft’s Prestigious Global Partner Awards 2024
REYKJAVIK, Iceland, June 28, 2024 /PRNewswire/ — Lucinity has been recognized as a finalist in the AI Innovation category at the prestigious Microsoft Global Partner Awards 2024, recognizing its breakthrough AI solution and contribution to financial security through its collaboration with Microsoft.
Lucinity beat more than 4,700 companies to be named a finalist at the annual Microsoft Global Partner Awards, which highlights Lucinity’s achievements as a Microsoft partner in optimizing business processes, improving customer experiences, and opening new pathways for digital transformation.
This achievement comes in addition to winning two prestigious awards at Microsoft Partner Awards 2024 last month, including Partner of the Year – Iceland, and the Sustainability and Social Impact award.
The accolade recognizes Lucinity’s significant advancements in AI for financial crime operations, particularly through their AI-powered copilot, Luci. This innovative solution utilizes Microsoft Azure OpenAI technology to integrate advanced generative AI into financial crime investigations and regulatory compliance, optimizing processes and saving significant time and resources for financial institutions.
The Lucinity platform streamlines compliance, provides instant insights, and reduces typical investigation times from three hours to just 30 minutes. The technology can also save financial institutions an estimated $100 million in productivity savings, as well as savings in training and recruitment.
Microsoft comments on Lucinity’s award recognition, saying “Financial crime profoundly impacts our global community, with far-reaching economic, security, and social implications. It can harm a country’s reputation and increase exposure to criminal activities, emphasizing the critical need for robust anti-money laundering initiatives and persistent vigilance. Lucinity, with their innovative AI solutions, has really tried to combat this huge global challenge. They use ‘Human AI’ to enhance financial crime prevention, combining AI with human expertise for efficient, user-friendly solutions. Additionally, Lucinity has developed a tool called Luci, an AI-powered copilot that helps transform financial crime prevention from a process that took hours to one that takes minutes.”
“Being recognized as a finalist at the Microsoft Global Partner Awards is validation of our impactful collaboration with Microsoft in financial crime operations. Our partnership has been pivotal for our innovations, enabling us to use Azure OpenAI to bring tools like Luci to life and deliver impactful results for our clients,” says Guðmundur Kristjánsson, Founder & CEO of Lucinity.
Contact:Name: Celina PabloEmail: [email protected]: +354 792 4321
Logo: https://mma.prnewswire.com/media/2208676/4669079/Lucinity_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/lucinitys-ai-innovation-recognized-at-microsofts-prestigious-global-partner-awards-2024-302186091.html
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