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Smart Advisors Market to Reach Value of US$ 4,498.1 Million by 2030, And Rise At A CAGR of 20.2%, Contrive Datum Insights

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Farmington, Jan. 30, 2023 (GLOBE NEWSWIRE) — The global Smart Advisors market accounted for USD 1,049.2 Million in 2022 and is expected to reach USD 4,498.1 Million by 2030, growing at a CAGR of 20.2% from 2023 to 2030. A smart advisor, also known as a smart advisor program, is an application capable of understanding natural language and performing all of the user’s electronic activities on their behalf. Personal assistants used to take dictations, read aloud messages or emails, search up phone numbers, anticipate requests, make calls, and remind users of upcoming appointments. A savvy advisor can perform these tasks and more. In today’s intelligent advisers, artificial intelligence, voice recognition, and machine learning are all incorporated. As end users interact with their intelligent advisers, the Artificial Intelligence software employs a sophisticated algorithm to learn from the data inputs and improve its ability to forecast end-user requirements. Future intelligent advisors would be created using modern cognitive computing technology.

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This enables a savvy adviser to comprehend and execute multi-step requests, before moving on to more complex activities such as flight booking. Smart advisers are distinct from digital assistants, a second sort of AI program that individuals employ. Smart advisers concentrate on a topic, whereas digital assistants concentrate on a task. For instance, a Smart Advisor can assist a firm in determining which physicians have the highest or lowest cost and performance. Using an advanced IT (Information Technology) platform, a Smart Advisor sifts through the whole database of physicians to identify just those who should be examined based on statistical significance, caseload, and other essential characteristics.

Smart Advisors Market Recent Developments:

  • In December 2022, IBM announced it is working with the Cloud Security Alliance — a global not-for-profit dedicated to defining standards, certifications, and best practices to help ensure secured cloud computing that aims to further advance security and risk management of cloud within financial services.
  • In November 2020, eGain, a leading customer engagement platform provider, today announced eGain SmartIVR™, an all-in-one solution to modernize IVR-based customer engagement.

Smart Advisors Market Segmentation Analysis:

Smart Advisor enables advisers to transmit any document through email, print-and-deliver, or postal mail, depending on the client’s preferred method of delivery. At the level of the corporation, it saves a great deal of time and money. The majority of investors prefer to get information online with a link to a branded website that can display content effectively on desktop and mobile devices.
The clients of the smart adviser service include banks, broker-dealers, mutual funds, retirement service providers, corporate issuers, and wealth and asset management companies.
In 2021, the mobile platform segment was the largest, and with a CAGR of 7.8% during the projection period, it is anticipated to remain the largest. The increasing number of mobile users and the widespread deployment of smart advisor technology to give consumers real-time notifications through mobile augmented reality are projected to fuel market expansion. Bring your own device (BYOD) is gaining popularity in the business world.
The financial services sector is anticipated to account for more than 30 percent of the market. In financial institutions, smart advisor technology is a digital communication platform primarily intended to increase the effectiveness and efficiency of financial advisors.
Many individuals have made selections regarding what to purchase from store shelves based on factors such as the behavior and preferences of others. The mix of new technologies such as Big Data, AI, IoT, and automation have dramatically disrupted the retail industry during the past few years.

Regional Outlook:

Investors in the manufacturing industries of emerging economies like China and India have initiated a number of new investments and projects. The top priorities are cutting expenses, which is crucial due to increased compliance costs and a focus on regulations, digitizing the sales force, and making better use of technology overall. Even while there are advantages, disruptive investors are still in their infancy and have not yet attained IT investments or economies of scale. In addition, the failure of specific platform technologies poses a threat to individual businesses, particularly during the ramp-up period of a new company’s launch.

The typical investor and the disruptor are the smart advisor’s most common clients kinds. In addition, traditional insurers are working on establishing collaborative ventures with tech businesses in order to compete with disruptors and profit from smart advice in China, India, Hong Kong, and Japan. In the Asia-Pacific area, technology is increasingly required to ensure the seamless operation of the manufacturing industry.

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Scope of Report:

Report Attributes Details
Growth Rate 20.2% from 2023 to 2030
Market Size in 2022 USD 1,049.2 Million
Revenue Forecast by 2030 USD 4,498.1 Million
By Component Software, Services
By Industry Financial Services, Healthcare, Consumer Electronics, Retails, Travel & Hospitality, Government, Education, Others
By Applications Websites, Social Media, Mobile Platform, Contact Centers
By Companies IBM Corporation, eGain Corporation, Creative Virtual Pvt. Ltd, CX Company Limited, 24/7 Customer Inc., Nuance Communications Inc., Artificial Solutions International AB, Next IT Corporation, Speakoit Inc., Codebaby Corporation, Broadridge Solutions, Netformx, Speaktoit Inc., and Others
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 to 2030

Market Drivers:

The growth of the smart advisor sector over the previous few years is anticipated to continue in the following year. The size of the global market is expanding due to factors such as increased spending on research & development, improved resource management, and increased company competitiveness. New entrants, strategies for product innovation in a variety of industries, and technological advancements are anticipated to be among the most significant factors driving market expansion.

The expansion of the market is primarily driven by the increasing usage of artificial intelligence technology and cloud-based and Internet of Things-based solutions in various end-user industries. New technologies such as speech recognition and machine learning, the growing usage of smartphones and the requirement for the internet, and the rise in the use of smart advisor applications by financial institutions and small and medium-sized organizations are expected to drive market growth over the forecast period.

Smart Advisors Market Key Segments Covered:

Top Market Players:
IBM Corporation, eGain Corporation, Creative Virtual Pvt. Ltd, CX Company Limited, 24/7 Customer Inc., Nuance Communications Inc., Artificial Solutions International AB, Next IT Corporation, Speakoit Inc., Codebaby Corporation, Broadridge Solutions, Netformx, Speaktoit Inc., and Others.

By Component 

  • Software
  • Services

By Industry        

  • Financial Services
  • Healthcare
  • Consumer Electronics
  • Retails
  • Travel & Hospitality
  • Government
  • Education
  • Others

By Application 

  • Websites
  • Social Media
  • Mobile Platform
  • Contact Centers

Regions and Countries Covered

  • North America: (US, Canada, Mexico, Rest of North America)
  • Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
  • Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
  • The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
  • Latin America: (Brazil, Argentina, Rest of Latin America)
  • Rest Of the World

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Contrive Datum Insights (CDI) is a global delivery partner of market intelligence and consulting services to officials at various sectors such as investment, information technology, telecommunication, consumer technology, and manufacturing markets. CDI assists investment communities, business executives, and IT professionals to undertake statistics-based accurate decisions on technology purchases and advance strong growth tactics to sustain market competitiveness. Comprising a team size of more than 100 analysts and cumulative market experience of more than 200 years, Contrive Datum Insights guarantees the delivery of industry knowledge combined with global and country-level expertise.

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Artificial Intelligence

Ancoris Recognised as Top Place to Work for Second Year Running by The Sunday Times

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Ancoris recognised for fostering a sense of empowerment and respect within the workplace91% of Ancoris employees feel empowered at work93% of employees say that are treated with respectLONDON, May 21, 2024 /PRNewswire/ — Ancoris, a UK-based Google Cloud services provider, has been named a Top Medium Business in The Sunday Times 2024 Best Places to Work list. The accolade has been awarded for the second year in a row, and recognises Ancoris’ focus on DEI; its commitment to empowerment, reward, and recognition; and its wellbeing policies and frameworks.

“I am so pleased to see Ancoris recognised, once again, as a top place to work!” says Andre Azevedo, Ancoris CEO. “Ancoris is a place where we try our best to foster collaboration, empowerment, innovation, and respect – so to have our employees echo this and respond in the way they have is amazing.”
The Sunday Times survey captured Ancoris employees’ responses in a number of categories: Reward and Recognition, Information Sharing, Empowerment, Wellbeing, Instilling Pride, and Job Satisfaction. The independently managed survey showed Ancoris scoring “excellent” across all six engagement categories, with top scores in Empowerment, Wellbeing, Reward & Recognition. In response, 93% of employees say they are treated with respect; 92% feel trusted and able to make decisions; and 91% of employees feel empowered at work.
“We’ve seen a lot of change over the last 12 months. The rise of Generative AI has caused shifts in our market and  economic conditions are causing customers to really qualify where they make technology investments. These pivots undoubtedly have an impact on our employees and how people feel at work,” Azevedo continues. “I truly believe, however, the innovative work we are doing for our customers has helped us maintain and create an even stronger sense of collaboration and pride for our team members. We’re lucky to have so many smart people within our business, so continuing to give them interesting, challenging, and rewarding problems to solve for our customers is really key.”
About AncorisAncoris is a leading Google Cloud Services Provider, headquartered in the UK, on a mission to become the most innovative Google Cloud partner in the ecosystem. Ancoris leverages its strong problem solving skills and continuous improvement approach to help customers become AI Native and stay ahead of their competition. Ancoris has extensive experience in Google Cloud technologies helping enterprises integrate AI-native solutions into their business through expertise in Data & AI, Application and Infrastructure Modernisation, Workspace, and Maps. Ancoris was recognized as a Rising Star for Data, Analytics, and Machine Learning in the ISG Provider™ Lens for Google Cloud Partner Ecosystem in 2022 and 2023 consecutively, and awarded Google Cloud’s 2024 EMEA Public Sector Partner of the Year award. Ancoris employs the best in the business and was named in the Top 10 Sunday Times Best Places to Work 2023, and a Top Place to Work in 2024.
Contact: Holly [email protected]
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Department of Health – Abu Dhabi Partners with Roche Pharmaceuticals Middle East to Elevate Research, Clinical Trials, and Real-World Data

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ABU DHABI, UAE, May 21, 2024 /PRNewswire/ — The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the Emirate, signed a Memorandum of Understanding (MoU) with Roche Pharmaceuticals Middle East during Abu Dhabi Global Healthcare Week (ADGHW). Under the MoU, the two entities will advance critical research using real-world data to study and assess the spinal muscular atrophy burden in Abu Dhabi, as well as assessing potential conduction of research and the facilitation of real-world data collection to monitor Duchenne Muscular Dystrophy (DMD) disease.

 
 
In the presence of Dr. Rashed Alsuwaidi, the Executive Director of the Healthcare Workforce Planning Sector at DoH and Michael Oberreiter, Head of Global Access at Roche Pharmaceuticals, the MoU was signed by Dr. Asma Al Mannaei, the Executive Director of the Research and Innovation Centre at DoH and Mohamed Elshaarawy, General Manager Roche Pharmaceuticals, UAE.
Dr. Asma Ibrahim Al Mannaei, Executive Director of the Research and Innovation Center at the at DoH said: “Abu Dhabi has a track record of excellence and fast-growing, future-forward, data-enabled services. Serving as a hub for healthcare data, Abu Dhabi’s substantial computing power enables it to harness the potential within this data, transforming it into valuable information. This, in turn, allows us to innovate and develop novel approaches to shift healthcare towards prediction, prevention, and treatment, thereby accelerating the future of healthcare, not only for Abu Dhabi but for the global community. Through international collaborations, Abu Dhabi seeks to lead research groups supported by global partners to explore the resilience and sustainability of the healthcare sector worldwide as well as expand access to quality care for patients around the world.”
The two entities will work together to support the evolution of real-world data collection frameworks in Abu Dhabi. Enhancing DoH’s ability to track and monitor outcomes of therapies will support DoH in making informed clinical and policy decisions for better optimisation of patient outcomes. Furthermore, DoH and Roche will strengthen the research network across Abu Dhabi and improve accrual for potential clinical trials.
Mohamed Elshaarawy, General Manager Roche Pharmaceuticals, UAE said: “This MoU underscores our collaboration with the DoH which is fuelled by a shared vision of harnessing the power of data to drive informed decision-making within the healthcare system. Data-driven healthcare systems hold immense potential to revolutionise patient care and outcomes. Through the generation, utilisation, and realisation of data, healthcare professionals and policymakers can unlock valuable insights, identify trends, and make evidence-based decisions. This data-driven approach enables us to optimise resource allocation, personalise treatment approaches, and ultimately achieve better patient outcomes. By harnessing the full potential of data, we can improve the overall efficiency and effectiveness of the healthcare system, ensuring that every patient receives the highest quality of care tailored to their specific needs. We are sincerely grateful for the trust, confidence, and empowerment the DoH has placed in establishing this effective public-private partnership with Roche in the UAE.”
Held under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, ADGHW is a major government initiative by the DoH, which took place from the 13th -15th May 2024.
For more information please visit: https://www.adghw.com/
About Department of Health – Abu Dhabi (DoH):
The DoH is the regulatory body of the healthcare sector at the Emirate of Abu Dhabi and ensures excellence in healthcare by monitoring the health status of the population. DoH defines the strategy for the health system, monitors and analyses the health status of the population and performance of the system. In addition, DoH shapes the regulatory framework for the health system, inspects against regulations, enforce standards, and encourages adoption of world-class best practices and performance targets by all healthcare service providers in the Emirate. DoH also drives programmes to increase awareness and adoption of healthy living standards among the residents of the Emirate of Abu Dhabi in addition to regulating scope of services, premiums and reimbursement rates of the health system.
For further information on DoH, visit https://www.doh.gov.ae/ and follow on X, Instagram, Facebook, LinkedIn and YouTube.
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Biopharma Leaders Shape the Future of Drug Development at Veeva R&D and Quality Summit Europe

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Ascendis, Bayer, Boehringer Ingelheim, Jazz Pharmaceuticals, Novo Nordisk, Sanofi, and Teva to keynote sharing innovations to drive better patient outcomes
BARCELONA, Spain, May 21, 2024 /PRNewswire/ — Veeva Systems (NYSE: VEEV) today announced that leaders from Ascendis Pharma A/S, Bayer, Boehringer Ingelheim, Jazz Pharmaceuticals, Novo Nordisk, Sanofi, and Teva will be keynote speakers at Veeva R&D and Quality Summit, Europe, June 4-5 in Madrid, Spain. Life sciences professionals across the industry will come together to share how connected technologies across clinical, regulatory, safety, and quality are advancing innovations for patients.

As one of the largest gatherings of biopharma leaders in Europe, Veeva R&D and Quality Summit will bring together over 1,000 industry professionals to share learnings across more than 100 sessions. Bayer and Jazz Pharmaceuticals will join Rik Van Mol, senior vice president of Veeva Development Cloud, and Avril England, general manager of Veeva Vault, for the opening keynote to explore the future of development for new medicines and therapies.
The event’s zone keynotes include:
Ascendis and Bayer, sharing strategies to reduce costs and accelerate trials with a connected platform.Boehringer Ingelheim, detailing its shift toward data-centric regulatory information management.Novo Nordisk, showing how it uses data and AI to transform clinical research.Sanofi, explaining its innovative approach to advance quality through operational excellence.Teva, providing insight into its rapid journey from disparate safety systems into one streamlined global solution.A panel with Elpida Therapeutics CEO Terry Pirovolakis and Veeva experts will close the event with a discussion on how the industry can best accelerate the development of life-saving rare disease gene therapies.
“Connecting clinical, regulatory, safety, and quality is key to advancing the product lifecycle and delivering better outcomes for patients,” says Rik Van Mol, senior vice president of Veeva Development Cloud. “At Veeva R&D and Quality Summit, biopharma leaders can connect, exchange ideas, and share new strategies to advance the industry forward together.”
Veeva R&D and Quality Summit is open exclusively to life sciences professionals. Register and review the agenda at veeva.com/eu/Summit.
Additional InformationConnect with Veeva on LinkedIn: linkedin.com/company/veeva-systems
About Veeva SystemsVeeva is the global leader in cloud software for the life sciences industry. Committed to innovation, product excellence, and customer success, Veeva serves more than 1,000 customers, ranging from the world’s largest biopharmaceutical companies to emerging biotechs. As a Public Benefit Corporation, Veeva is committed to balancing the interests of all stakeholders, including customers, employees, shareholders, and the industries it serves. For more information, visit veeva.com/eu.
Veeva Forward-looking StatementsThis release contains forward-looking statements regarding Veeva’s products and services and the expected results or benefits from use of our products and services. These statements are based on our current expectations. Actual results could differ materially from those provided in this release and we have no obligation to update such statements. There are numerous risks that have the potential to negatively impact our results, including the risks and uncertainties disclosed in our filing on Form 10-K for the fiscal year ended January 31, 2024, which you can find here (a summary of risks which may impact our business can be found on pages 9 and 10), and in our subsequent SEC filings, which you can access at sec.gov.
Contact:
Jeremy WhittakerVeeva [email protected]
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