Artificial Intelligence
Healthcare Biometrics Market Size & Share to Surpass $7606.0 Million by 2028 | Vantage Market Research
<!– Name:DistributionId Value:8745987 –> <!– Name:EnableQuoteCarouselOnPnr Value:False –> <!– Name:IcbCode Value: –> <!– Name:CustomerId Value:1235589 –> <!– Name:HasMediaSnippet Value:false –> <!– Name:AnalyticsTrackingId Value:b31e3edf-8508-457c-b286-e3b37a2fd8c0 –>
WASHINGTON, Feb. 09, 2023 (GLOBE NEWSWIRE) — According to the report published by Vantage Market Research, the global Healthcare Biometrics Market was estimated at $ 2719.3 Million in 2021 and is expected to hit $ 7606.0 Million by 2028, registering a CAGR of 18.7% from 2022 to 2028.
Market Overview
The healthcare biometrics market refers to the use of biometric technologies in the healthcare industry. Biometrics involves the use of unique physiological or behavioral characteristics to identify an individual. In healthcare, biometrics is used for secure patient identification and authentication, as well as to access medical records, protect sensitive information, and track patient movements within a healthcare facility.
The healthcare biometrics market is expected to grow rapidly in the coming years due to factors such as the increasing demand for secure patient identification, growing use of electronic medical records, and increasing need for patient data privacy and security.
Get Access to the In-depth Free Sample Report @ https://www.vantagemarketresearch.com/healthcare-biometrics-market-1844/request-sample
What are Healthcare Biometrics?
Healthcare biometrics refers to the use of biometric technologies in the healthcare industry for secure patient identification and authentication, as well as to access medical records, protect sensitive information, and track patient movements within a healthcare facility.
Biometrics involves the use of unique physiological or behavioral characteristics, such as fingerprints, iris patterns, facial recognition, or voice recognition, to identify an individual. In the healthcare sector, biometrics helps to ensure that patients are accurately identified, that their medical records are protected from unauthorized access, and that sensitive medical information is kept confidential.
Healthcare biometrics is used in a variety of applications, including clinical settings, pharmaceuticals, and research. In clinical settings, biometrics is used to confirm a patient’s identity before providing medical treatment, and to access electronic medical records. In the pharmaceutical industry, biometrics is used to verify the identity of patients who participate in clinical trials, and to track their progress. In research, biometrics is used to collect and analyze data on patient behavior and physiological responses.
Overall, healthcare biometrics is a growing industry that offers numerous benefits for the healthcare sector, including increased security, improved accuracy, and enhanced patient privacy.
A healthcare biometrics market sample report typically includes the following information:
- Market Overview: This section provides an overview of the healthcare biometrics market, including market size, growth rate, and market segmentation.
- Market Segmentation: This section segments the healthcare biometrics market based on technology, application, and geography.
- Market Share Analysis: This section provides a market share analysis of the leading players in the healthcare biometrics market.
- Market Dynamics: This section includes market drivers, challenges, and opportunities that are driving the growth of the healthcare biometrics market.
- Competitive Landscape: This section provides a competitive analysis of the key players in the healthcare biometrics market, including their market share, product offerings, and business strategies.
- Company Profiles: This section provides detailed profiles of the key players in the healthcare biometrics market, including their business overview, financial performance, product offerings, and key strategies.
- Market Forecast: This section provides a market forecast for the healthcare biometrics market, including market size and growth rate projections for the next five years.
- Conclusion: This section summarizes the key findings of the healthcare biometrics market report.
The sample report is intended to provide a general idea of the information that is typically included in a healthcare biometrics market report. The actual contents of a market report may vary based on the research company and the specific needs of the client.
Top Players in the Global Healthcare Biometrics Market
- NEC Corporation
- Fujitsu Limited
- 3M Cogent Inc.
- Morpho
- Imprivata Inc.
- Suprema Inc.
- BIO-key International Inc.
- Crossmatch Technologies Inc.
For Additional Information on Healthcare Biometrics Market Players and Detail List, Download a Report PDF Brochure
Market Dynamics
The healthcare biometrics market is driven by a number of factors, including:
- Growing Demand for Secure Patient Identification: As the healthcare industry shifts towards electronic medical records, there is an increased need for secure patient identification. Biometrics provides a secure and reliable method of confirming a patient’s identity, helping to prevent medical errors and protect sensitive medical information.
- Advances in Biometric Technologies: Advances in biometric technologies, such as fingerprint recognition, iris recognition, and facial recognition, have made it easier and more cost-effective to implement biometrics in the healthcare sector. This is driving the growth of the healthcare biometrics market.
- Increasing Awareness of Patient Privacy: The growing concern for patient privacy and the need to protect sensitive medical information are driving the demand for biometrics in the healthcare sector. Biometrics provides a secure and reliable method of controlling access to medical records and protecting sensitive information.
- Government Support: Many governments are supporting the use of biometrics in the healthcare sector by providing funding and other incentives. This is helping to drive the growth of the healthcare biometrics market.
- Growing Use of Electronic Medical Records: The increasing use of electronic medical records is driving the demand for biometrics in the healthcare sector. Biometrics provides a secure and reliable method of accessing electronic medical records, helping to reduce medical errors and improve patient care.
The healthcare biometrics market is also faced with some challenges, including high implementation costs, privacy concerns, and resistance to change. Nevertheless, the benefits offered by biometrics, such as increased security, improved accuracy, and enhanced patient privacy, are expected to outweigh the challenges, driving the growth of the healthcare biometrics market in the coming years.
Opportunities in the Healthcare Biometrics Market:
- Emerging Markets: Emerging markets, such as Asia Pacific and Latin America, present significant growth opportunities for the healthcare biometrics market. Increasing awareness of the benefits of biometrics, along with growing government support, is expected to drive the growth of the healthcare biometrics market in these regions.
- Growing Demand for Remote Patient Monitoring: The growing demand for remote patient monitoring is expected to provide significant growth opportunities for the healthcare biometrics market. Biometrics can be used to securely identify patients and track their progress remotely, helping to improve patient care and reduce healthcare costs.
- Integration with Other Technologies: The integration of biometrics with other technologies, such as artificial intelligence and the Internet of Things, is expected to provide significant growth opportunities for the healthcare biometrics market. This integration will help to improve the accuracy and reliability of biometrics, as well as enhance the overall patient experience.
Recommendations:
- Focus on the Development of Cost-Effective Solutions: Companies operating in the healthcare biometrics market should focus on the development of cost-effective solutions to make biometrics more accessible to healthcare providers and patients.
- Expand into Emerging Markets: Companies should consider expanding into emerging markets, such as Asia Pacific and Latin America, to capitalize on the growing demand for biometrics in these regions.
- Collaborate with Other Technologies: Companies should explore opportunities for collaboration with other technologies, such as artificial intelligence and the Internet of Things, to enhance the accuracy and reliability of biometrics and improve the overall patient experience.
- Address Privacy Concerns: Companies should take steps to address privacy concerns and ensure that biometrics is used in a responsible and ethical manner to protect patient privacy and sensitive medical information.
Limited Time Offer | Buy this Premium Research Report with Exclusive Discount and Immediate Delivery@ https://www.vantagemarketresearch.com/buy-now/healthcare-biometrics-market-1844/0
The future of the healthcare biometrics market is expected to be characterized by the following trends:
- Increased Adoption of Mobile Health: The growing adoption of mobile health is expected to drive the growth of the healthcare biometrics market in the coming years. Biometrics can be used to securely identify patients and track their progress through mobile devices, helping to improve patient care and reduce healthcare costs.
- Growth of the Wearable Devices Market: The growing demand for wearable devices is expected to drive the growth of the healthcare biometrics market in the coming years. Biometrics can be integrated into wearable devices, such as smartwatches and fitness trackers, to provide secure and reliable patient identification and tracking.
- Emergence of AI-Powered Biometrics: The emergence of artificial intelligence-powered biometrics is expected to revolutionize the healthcare biometrics market in the coming years. AI-powered biometrics can help to improve the accuracy and reliability of biometrics, as well as enhance the overall patient experience.
- Growth of the Remote Patient Monitoring Market: The growing demand for remote patient monitoring is expected to drive the growth of the healthcare biometrics market in the coming years. Biometrics can be used to securely identify patients and track their progress remotely, helping to improve patient care and reduce healthcare costs.
- Expansion of Biometrics into Emerging Markets: The expansion of biometrics into emerging markets, such as Asia Pacific and Latin America, is expected to drive the growth of the healthcare biometrics market in the coming years. Increasing awareness of the benefits of biometrics, along with growing government support, is expected to drive the growth of the healthcare biometrics market in these regions.
The healthcare biometrics market is expected to continue to grow in the coming years, driven by increasing demand for secure patient identification, advances in biometric technologies, and growing awareness of patient privacy.
Segmentation of the Global Healthcare Biometrics Market:
Segments Covered
- Technology (Single-Factor Authentication, Multi-Factor Authentication, Signature Recognition, Voice Recognition, Other Behavioral Recognition, Multi-Factor Recognition, Biometrics with PIN, Two-Factor Biometrics, Three-Factor Biometrics)
- Application (Patient Identification & Tracking, Medical Record Security & Data Center Security, Care Provider Authentication, Home/ Remote Patient Monitoring, Pharmacy Dispensing, Other Applications)
- End User (Hospitals & Clinics, Healthcare Institutions, Research & Clinical Laboratories)
- Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
Future of Healthcare Biometrics Market By Vantage Market Research
According to Vantage Market Research, the future of the healthcare biometrics market is expected to be bright, driven by increasing demand for secure patient identification, advances in biometric technologies, and growing awareness of patient privacy. Some of the key trends that are expected to shape the future of the healthcare biometrics market include:
- Growing Adoption of Mobile Health: The growing adoption of mobile health is expected to drive the growth of the healthcare biometrics market in the coming years. Biometrics can be used to securely identify patients and track their progress through mobile devices, helping to improve patient care and reduce healthcare costs.
- Emergence of AI-Powered Biometrics: The emergence of artificial intelligence-powered biometrics is expected to revolutionize the healthcare biometrics market in the coming years. AI-powered biometrics can help to improve the accuracy and reliability of biometrics, as well as enhance the overall patient experience.
- Expansion of Biometrics into Emerging Markets: The expansion of biometrics into emerging markets, such as Asia Pacific and Latin America, is expected to drive the growth of the healthcare biometrics market in the coming years. Increasing awareness of the benefits of biometrics, along with growing government support, is expected to drive the growth of the healthcare biometrics market in these regions.
- Growing Demand for Remote Patient Monitoring: The growing demand for remote patient monitoring is expected to provide significant growth opportunities for the healthcare biometrics market. Biometrics can be used to securely identify patients and track their progress remotely, helping to improve patient care and reduce healthcare costs.
The healthcare biometrics market is expected to continue to grow in the coming years, as more and more healthcare providers adopt biometrics to improve patient care and reduce healthcare costs.
Browse market data Tables and Figures spread through 149 Pages and in-depth TOC on Healthcare Biometrics Market Forecast Report (2022-2028).
Top 3 Companies in Healthcare Biometrics Market Profiles
There are many companies operating in the healthcare biometrics market, but some of the top players include:
- Fujitsu Limited: Fujitsu is a leading provider of biometric solutions for the healthcare industry. The company offers a range of biometric solutions, including fingerprint recognition, facial recognition, and iris recognition, to help healthcare providers securely identify patients and improve patient care.
- NEC Corporation: NEC is a leading provider of biometric solutions for the healthcare industry. The company offers a range of biometric solutions, including facial recognition, fingerprint recognition, and iris recognition, to help healthcare providers securely identify patients and improve patient care.
- Bio-Key International, Inc.: Bio-Key is a leading provider of biometric solutions for the healthcare industry. The company offers a range of biometric solutions, including fingerprint recognition, facial recognition, and voice recognition, to help healthcare providers securely identify patients and improve patient care.
These companies are leaders in the healthcare biometrics market due to their advanced technology, innovative solutions, and commitment to providing quality customer service. They are expected to continue to grow and dominate the market in the coming years.
Healthcare Biometrics Market Regional Analysis
The healthcare biometrics market can be segmented into several regions, including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
- North America: North America is expected to be a major contributor to the growth of the healthcare biometrics market, driven by increasing demand for secure patient identification, advances in biometric technologies, and growing awareness of patient privacy. The US and Canada are expected to be the major contributors to the growth of the healthcare biometrics market in North America.
- Europe: Europe is also expected to be a significant contributor to the growth of the healthcare biometrics market, driven by increasing demand for secure patient identification, advances in biometric technologies, and growing awareness of patient privacy. The UK, Germany, and France are expected to be the major contributors to the growth of the healthcare biometrics market in Europe.
- Asia Pacific: Asia Pacific is expected to be one of the fastest-growing regions in the healthcare biometrics market, driven by increasing demand for secure patient identification, advances in biometric technologies, and growing awareness of patient privacy. China, India, and Japan are expected to be the major contributors to the growth of the healthcare biometrics market in Asia Pacific.
- Latin America: Latin America is expected to be a significant contributor to the growth of the healthcare biometrics market, driven by increasing demand for secure patient identification, advances in biometric technologies, and growing awareness of patient privacy. Brazil and Mexico are expected to be the major contributors to the growth of the healthcare biometrics market in Latin America.
- Middle East & Africa: The Middle East & Africa is expected to be a small contributor to the growth of the healthcare biometrics market, due to limited adoption of biometric technologies and low awareness of patient privacy. However, the region is expected to grow in the coming years, driven by increasing demand for secure patient identification and advances in biometric technologies.
The healthcare biometrics market is expected to grow globally, driven by increasing demand for secure patient identification, advances in biometric technologies, and growing awareness of patient privacy. The growth of the market is expected to be driven by different regions in different capacities, with North America, Europe, and Asia Pacific expected to be the major contributors to the growth of the healthcare biometrics market.
Research Methodology:
The research methodology used for the healthcare biometrics market typically involves several key steps:
- Market Analysis: The first step in the research methodology is market analysis. This involves studying the current market trends and conditions, analyzing market data, and assessing the market size and growth potential.
- Market Segmentation: After market analysis, the next step is market segmentation. This involves dividing the market into smaller segments based on various parameters, such as product type, application, and geography. This helps to better understand the market and identify specific areas of opportunity.
- Data Collection: The next step is data collection. This involves gathering data from various sources, such as industry reports, government databases, and market surveys. The data collected is then analyzed to gain insights into the healthcare biometrics market.
- Market Forecasting: After data collection, the next step is market forecasting. This involves making projections about the future growth of the healthcare biometrics market based on historical market trends and current market conditions.
- Validation: The final step is validation. This involves validating the findings and projections of the research by consulting with industry experts and stakeholders.
The research methodology used for the healthcare biometrics market is designed to provide a comprehensive and in-depth understanding of the market. This allows the research to be robust, reliable, and actionable, providing valuable insights and recommendations for market participants.
Frequently Asked Questions (FAQ):
- What is the healthcare biometrics market?
A. The healthcare biometrics market refers to the market for biometric technologies used in the healthcare industry, such as fingerprint recognition, facial recognition, iris recognition, and voice recognition, among others.
- What are the key drivers of the healthcare biometrics market?
A. The key drivers of the healthcare biometrics market include increasing demand for secure patient identification, advances in biometric technologies, and growing awareness of patient privacy.
- What are the different segments of the healthcare biometrics market?
A. The healthcare biometrics market can be segmented into product type, application, and geography. The product type segment can include fingerprint recognition, facial recognition, iris recognition, and voice recognition, among others. The application segment can include patient identification, staff authentication, and access control, among others. The geography segment can include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
- What are the challenges facing the healthcare biometrics market?
The challenges facing the healthcare biometrics market include high implementation costs, privacy and security concerns, and resistance to change among healthcare providers.
- What is the future outlook for the healthcare biometrics market?
The future outlook for the healthcare biometrics market is positive, with the market expected to grow globally, driven by increasing demand for secure patient identification, advances in biometric technologies, and growing awareness of patient privacy.
Read Full Report@ https://www.vantagemarketresearch.com/industry-report/healthcare-biometrics-market-1844
Scope of the Report:
| Report Attributes | Details |
| Market Size in 2021 | USD 2,719.3 Million |
| Revenue Forecast by 2028 | USD 7,606.0 Million |
| CAGR | 18.7% from 2022 to 2028 |
| Base Year | 2021 |
| Forecast Year | 2022 to 2028 |
| Key Players | NEC Corporation, Fujitsu Limited, 3M Cogent Inc., Morpho, Imprivata Inc., Suprema Inc., BIO-key International Inc., Crossmatch Technologies Inc. and others. |
| Customization Options | Customized purchase options are available to meet any research needs Explore customized purchase options |
Browse More Reports from Vantage Library:
About Vantage Market Research:
We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies.
Follow Us on: LinkedIn | Twitter | Facebook | YouTube
Contact us
Eric Kunz
6218 Georgia Avenue NW Ste 1 – 564
Washington DC 20011-5125
United States Tel: +1 202 380 9727
Email: [email protected]
Website:
https://www.vantagemarketresearch.com/
Latest Vantage Market Research Press Releases
Latest Vantage Market Research Blog
Vantage Market Research All Reports
Blog:
Artificial Intelligence
CUBE acquires global regulatory intelligence businesses from Thomson Reuters
LONDON, May 17, 2024 /PRNewswire/ — CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), announces today its acquisition of the Thomson Reuters Regulatory Intelligence and Oden products and businesses.
The acquisition of these global businesses represents a major step forward in CUBE’s growth plans. It will deliver significant scale across many of the world’s leading and systemically important financial institutions. CUBE’s existing global customer base will be expanded to total approximately 1,000 customers in banking, insurance, asset and investment management, payments and adjacent regulated industries.
CUBE’s global employees will expand to 600, of which close to 250 are highly qualified regulatory subject matter experts, legal and compliance professionals.
Ben Richmond, founder and CEO of CUBE said: “Thomson Reuters is known to be the biggest and best in the industry for providing regulatory expert analysis and subject matter expertise, alongside world-leading journalism and news. The combination of CUBE’s purpose-built AI, with the years of content curated by Thomson Reuters Regulatory Intelligence and Oden expert analysts, will accelerate innovation. Together, we will deliver regulatory transformation capabilities for our global customers that could only have been imagined before.”
Richmond continues: “This combination will provide tremendous scale and depth across CUBE’s regulatory content and technology. It is a significant step toward creating an industry-defining regulatory compliance and risk platform that will benefit all customers and elevate the industry as a whole.”
Through this acquisition, CUBE will provide an expanded and comprehensive selection of specialized regulatory intelligence and regulatory change services, committed to excellence, quality, and highly contextualised and meaningful regulatory content for customers. By combining cutting-edge technology and subject matter expertise at scale CUBE will set a new bar for the industry in regulatory automation and content.
Chris Maguire, General Manager, Risk and Fraud, Corporates, Thomson Reuters said: “It was clear to us that CUBE had established itself as a leading regulatory intelligence provider for global enterprise clients in the financial services and insurance sectors. We wanted to ensure our customers and employees could work with an organisation that would continue to innovate and significantly invest in solutions like Thomson Reuters Regulatory Intelligence and Oden. We are working tirelessly to ensure a seamless and value-enhancing transition for customers and employees, and we are looking forward to working with the CUBE team during this transition.”
Christopher Fielding, Hg, said: “We’re delighted to further extend our market reach, bringing in two high quality and complementary global businesses to the CUBE platform.”
Thomas Martin, Hg, added: “We see these acquisitions as enabling further innovation in the regulatory intelligence and change management sector, leading to strengthened demand for these quality solutions across the globe.”
The terms of the transaction will not be disclosed.
About CUBE
CUBE provides a highly comprehensive and robust source of classified, and meaningful AI-driven regulatory data to power its Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM) solutions. CUBE’s purpose-built regulatory technology including its AI engine (RegBrain) and software platform (RegPlatform) tracks, analyses, and monitors laws, rules, and regulations in every country and in every published language to create an always up-to-date regulatory footprint that transforms visibility and compliance capability for customers across the globe.
With operations across Europe, North America, Canada, Asia, and Australia, CUBE serves a diverse and global base of customers and partners including the largest financial institutions in the world who leverage CUBE’s platform to streamline their complex regulatory intelligence and change management processes.
Following the strategic partnership with Hg in March 2024, CUBE announced the acquisition of US-based Reg-Room in May 2024.
About Hg
Hg supports the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers.
This industry is characterised by digitisation trends that are in early stages of adoption and are set to transform the workplace for professionals over decades to come. Hg’s support combines deep end-market knowledge with world class operational resources, together providing compelling support to entrepreneurial leaders looking to scale their business – businesses that are well invested, enduring and serve their customers well.
With a vast European network and strong presence across North America, Hg’s 400 employees and around $70 billion in funds under management support a portfolio of around 50 businesses, worth over $140 billion aggregate enterprise value, with over 110,000 employees, consistently growing revenues at more than 20%.
About Regulatory Intelligence
Regulatory Intelligence is a proactive, connected, and comprehensive solution that tracks and analyses regulatory changes within ~2,000 regulatory bodies and rulebooks for more than 20 countries. It enables banking, financial services, and insurance (BFSI) sectors to manage exposure to operational, regulatory, and compliance risk.
About Oden
Oden State Rules and Regulations (SR&R), Oden Policy Terminator/Sentry PT, and OdenTrack provide repositories and automated solutions for complying with state rules and regulations on the provisioning of Personal and Business Insurance in the US.
View original content:https://www.prnewswire.co.uk/news-releases/cube-acquires-global-regulatory-intelligence-businesses-from-thomson-reuters-302147604.html
Artificial Intelligence
Cayman Enterprise City Publishes Socio-Economic Impact Assessment by Economist and Leading Advisor on the Caribbean, Marla Dukharan
The Impact of Cayman Enterprise City’s Socio-Economic Development Project Nears USD $1 Billion
GRAND CAYMAN, Cayman Islands, May 16, 2024 /PRNewswire/ — Cayman Enterprise City (CEC) has released a Socio-Economic Impact Assessment by Marla Dukharan. The report illustrates that CEC is increasing its impact by supporting higher earnings for Caymanians and is driving a shift towards a knowledge-based economy by focusing on high productivity sectors. The release by Dukharan reads, “Caymanian resourcefulness and private sector-led innovation have been the driving force behind the islands’ outstanding socio-economic success. Cayman Enterprise City underpins the next generation of Cayman innovation and dynamism.”
With an economic impact of USD $130 million in 2023, contributing just under USD $1 billion to the local economic activity in 12 years since inception, “CEC is helping the nation to diversify economically, in terms of sectors and jobs, ensuring locals have economic and employment opportunities that match the nation’s progress,” the report reads.
The CEC socio-economic development project is now home to 352 Special Economic Zones Companies (SEZCos), many of which are globally recognised institutions led by top executives and industry experts. “CEC member companies are providing high-value employment with salaries exceeding those typically found outside of the special economic zone,” said Charlie Kirkconnell, Chief Executive Officer at CEC. “The CEC community is fully invested in Cayman and the report illustrates that the CEC socio-economic development project is making a very significant impact on Cayman’s economy and community.”
“As CEC continues to grow, it continues to create significant employment and entrepreneurial opportunities for Caymanians and we encourage anyone that might be interested in finding out how they might get involved, whether as a member of the community and/or as a volunteer in our Enterprise Cayman non-profit organisation (NPO).”
77% of Caymanian-held jobs at CEC member companies, are in sectors with high social returns and increasing global demand. “By putting skills first and prioritizing learning, CEC is enabling new industries to take root,” the release by Dukharan reads.
CEC, through its Enterprise Cayman NPO, is a first-mover in private sector-facilitated education and training in the Caribbean, making it a leading force to boost youth participation in the economy. By offering training in specialised skills, Enterprise Cayman is helping to close the gap in higher education and earnings for Caymanians. “Through Enterprise Cayman we’ve set out to strategically support meaningful employment and entrepreneurial opportunities for Caymanians, by providing internship and mentorship opportunities, by hosting skill-building and career focused training, and by providing invaluable networking and community engagement opportunities,” said Kirkconnell.
In 2023 individuals took advantage of 4,226 opportunities to participate in education, training, and career development events and, since launching entrepreneurial programming in 2021, Enterprise Cayman has worked with 41 new Cayman-born business ventures. “We’re helping to develop a local talent pool that meets the demand of Cayman’s growing digital innovation and technology sectors while, in parallel, offering exciting opportunities for individuals to launch new business ventures within an innovative business environment,” said Kirkconnell.
With CEC’s new campus and state-of-the-art facilities, Signal House, the project “holds the promise of deep, continued economic impact,” the report concludes.
To access CEC’s economic impact assessments and Enterprise Cayman’s annual reports please visit https://www.enterprisecayman.ky/reports. For more information on how to get involved and for upcoming programmes and events visit www.enterprisecayman.ky.
Website: www.caymanenterprisecity.com LinkedIn: @CaymanEnterpriseCityTwitter: @CEC_CaymanInstagram: @CaymanEnterpriseCityFacebook: @CaymanEnterpriseCityYouTube: @ceccayman
About Cayman Enterprise City
Cayman Enterprise City (CEC) is an award-winning development project which consists of three special economic zones (SEZs) focused on attracting knowledge-based and specialised-services businesses to set up a genuine physical presence in the Cayman Islands. The zones included within CEC are Cayman Tech City, Cayman Commodities & Derivatives Centre, and Cayman Maritime & Aviation City. With a dedicated Government Authority, licensing fee concessions and guaranteed fast-track processes, CEC enables international companies to quickly and efficiently establish a Cayman Islands office, which in turn enables them to generate active business income within a tax neutral environment.
About Enterprise Cayman
Enterprise Cayman is a non-profit organisation (NPO) powered by Cayman Enterprise City in partnership with Cayman Islands’ special economic zone companies (SEZCos). The organisation, which applies the Theory of Change (TOC) methodology, provides Caymanians and residents with access to high-quality learning experiences and opportunities to develop and launch new business ventures, to pursue careers within the technology and innovation sectors, and to join a dynamic network of industry professionals. Let’s grow the next generation of Caymanian innovators and entrepreneurs with Enterprise Cayman!
Logo: https://mma.prnewswire.com/media/1317764/2860789/Cayman_Enterprise_City_Logo.jpg
FOR MORE INFORMATION:Contact: Kaitlyn Elphinstone Email: [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/cayman-enterprise-city-publishes-socio-economic-impact-assessment-by-economist-and-leading-advisor-on-the-caribbean-marla-dukharan-302148206.html
Artificial Intelligence
Strava Unveils New Chapter of Accelerated Product Development at Brand’s Flagship Event
The Company introduces increased product velocity, leveraging advancements in Artificial Intelligence, in service of its vision of a world connected through movement
LOS ANGELES, May 16, 2024 /PRNewswire/ — Strava, the leading digital community for active people with more than 125 million athletes, today showcased its latest initiatives and product developments at its annual event, Camp Strava. With the theme of Progress, Together company leaders announced how the platform will empower its global community to make progress in the way they explore, move, and connect on Strava.
“Strava is gaining momentum to realize our vision of a world connected through movement,” said Michael Martin, chief executive officer of Strava. “We are focused on two fundamental shifts to accelerate how we deliver value to 125 million people globally– building for women and leveraging Artificial Intelligence – which will unlock new community-and-partner-powered experiences across the platform.”
A New Era of Product VelocityStrava, with new leaders at the helm, is ushering in its next era of product velocity. The company listened closely to feedback from its global community and announced three of the most requested features coming to the platform by the end of the year.
The first of these updates, AI-enabled Leaderboard Integrity, will harness machine learning to automatically flag irregular, improbable, or impossible activities recorded to the platform. Trained by millions of activities, this feature allows all users on Strava to play fair and have more fun.
Additionally, the company announced a new Family Plan Subscription, the sister of the company’s Student Plan. With Family Plan, it’s easier to make a fitness commitment with your community by sharing an annual subscription with up to three other people – friends, family, or fitness family. Launching in select countries this summer, with plans to roll out globally by the end of the year, Strava’s newest annual subscription option offers the best value for groups (up to four), with a discount off the regular subscription price for each member.
Strava also implemented an updated design system, an initiative that is integral in driving a heightened pace of product innovation at the company. Through this work, Strava announced the launch of one of the company’s most requested features, Dark mode. Dark mode will improve the in-app experience for all users, reducing eye strain and improving accessibility while they record activity or scroll through the feed. Athletes can expect a rollout later this summer with options to keep their mobile settings always dark, always light, or match their device settings.
Company leaders highlighted several other features and updates to current products like Flyover, with its next iteration offering an overlay with activity stats and off-platform sharing capabilities. The overlay is available today for Strava subscribers and an off-platform sharing option will be released later this year.
Build for Her, Build for ManyStudies show that women of all ages participate in sports at a far lower rate than men, and overall, despite wanting to be active, find less time to dedicate to an active lifestyle. As the company continues on its mission to motivate people to live their best active lives, building for women on the platform will ultimately serve everyone in the Strava community. Several new features and initiatives were announced as a part of this strategic focus, which includes:
Night Heatmaps: Night Heatmaps show only activities between sundown and sunrise – so athletes can get an idea of which roads, trails, and paths are well-trafficked after hours. Since Night Heatmaps filter for after-hours routes, it can be a helpful tool for female athletes training before sunrise and after sunset.Quick Edit: For active women, having control over what is shared with the Strava community that cheers them on – like what time a run is logged – is important. Quick Edit makes it easier to make the most common edits – like activity name, and privacy settings so you can hide your start time, your map, or other workout stats.Strive for More®: The company announced a new phase of its Strive for More® initiative, created in 2022 to promote and support women in movement and sport. Today, Strava unveiled an official partnership with media company TOGETHXR to encourage more women to watch – and play – women’s sports. As part of the partnership, Strava will also donate $100,000 to the Alex Morgan Foundation, started by co-founder of TOGETHXR, Alex Morgan, to support their mission to help girls and women find confident paths forward in sports and life.Athlete IntelligenceToday, Strava announced the start of an accelerated product roadmap, outlining how Strava will implement the latest technological enhancements in AI and machine learning, to transform the athlete experience.
One key advancement to the platform includes the company’s latest development, Athlete Intelligence. Strava is introducing its beta AI-powered feature which turns each subscriber’s training data into an easily digestible summary that contextualizes their accomplishments and fitness goals. Unlike other AI-powered training services, Strava connects with thousands of devices, wearables, and fitness apps, so an athlete’s insights can consider their entire fitness story across multiple sports and modalities.
The features shared at Camp Strava will be released on a rolling basis through the end of the year. To view the full list of product releases and further details, visit www.press.strava.com.
For more information on Strava, to create a free account, or to start a free subscription trial visit www.strava.com.
About Strava Strava is the leading digital community for active people with more than 125 million athletes, in more than 190 countries. The platform offers a holistic view of your active lifestyle, no matter where you live, which sport you love and/or what device you use. Everyone belongs on Strava when they are pursuing an active life. Join the community, find motivation and discover new experiences with a Strava subscription.
Visit www.strava.com for more information and connect with Strava on Instagram, Twitter, Facebook, YouTube and LinkedIn.
Media Contact: [email protected]
Photo – https://mma.prnewswire.com/media/2413914/Darkmode_STRAVA.jpgPhoto – https://mma.prnewswire.com/media/2413915/Flyover_STRAVA.jpg Photo – https://mma.prnewswire.com/media/2413913/Athlete_Intelligence_STRAVA__INC.jpg
View original content:https://www.prnewswire.co.uk/news-releases/strava-unveils-new-chapter-of-accelerated-product-development-at-brands-flagship-event-302147068.html
-
Artificial Intelligence7 days agoIdentity Threat Detection and Response (ITDR) Market worth $35.6 billion by 2029- Exclusive Report by MarketsandMarkets™
-
Artificial Intelligence7 days agoatNorth Shortlisted for Datacloud Global Awards, The Energy Awards and The Women in Green Business Awards
-
Artificial Intelligence6 days agoWIO Taps Gracenote to Revolutionize Television Broadcast Reporting
-
Artificial Intelligence7 days agoProofID wins Judges’ Award for Global Ambition at the 2024 Northern Tech Awards
-
Artificial Intelligence7 days agoIDTechEx Explores Printed Electronics in Electrified and Autonomous Mobility
-
Uncategorized4 days agoPrecisely Showcases Critical Role of Trusted Data in AI at the Gartner® Data & Analytics Summit in London
-
Uncategorized4 days ago
Crossover Markets Becomes First Crypto ECN to Integrate with Talos
-
Uncategorized2 days ago
Artificial intelligence tool detects sex-related differences in brain structure
