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Artificial Intelligence

Artificial Intelligence (AI) in Chemical Market is Increasing Faster

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Ottawa, March 09, 2023 (GLOBE NEWSWIRE) — Precedence Research, recently announced report on “Artificial Intelligence (AI) in Chemicals Market (By Type: Hardware, Software, Services; By Application: Molecule Design, Retrosynthesis, Reaction Outcome Prediction, Reaction Conditions Prediction, Chemical Reaction Optimization) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032″.

Researchers are heavily focusing on artificial intelligence to carry out various tasks. Initially, AI practiced in chemistry research was motivated primarily to accelerate drug discovery while reducing the massive expenses and time to launch new pharmaceuticals. In addition, AI can predict future material costs. It makes the manufacturing process more marketable and significantly reduces the company’s losses. In the chemical industry, AI can reduce prediction inaccuracy by approximately 50% when compared with human forecasting. The intelligent industry 4.0 approach has the potential to have a significant influence on this sector, not only due to its ability to maximize profit and productivity but also due to its ability to decrease chemical companies’ impact on the environment.

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Regional Landscape

Due to increased understanding of digitization and R&D funding, North America is predicted to hold the largest share of the AI industry. Government agencies contribute to the development of trust in AI-based processes by providing advancement guidance.

During the forecast period, the region of Asia-Pacific is expected to have the leading position. Factors such as improving chemical industries, increased R&D investments in production processes, and rapid adoption of modern techniques by chemical sectors in developing nations such as Japan, Indonesia, India, and China are predicted to propel regional AI in the chemical industry. AI implementation reduces the R&D difference in the drug production process and aids in targeted drug production. As a result, chemical companies are turning to artificial intelligence (AI) to increase their market share. AI for drug development is a technique that employs bots to mimic human intelligence in order to solve complex drug development challenges.

Scope of the Report

Report Coverage Details
Largest Revenue Holder North America
By Type
  • Hardware
  • Software
  • Services
By Application
  • Molecule Design
  • Retrosynthesis
  • Reaction Outcome Prediction
  • Reaction Conditions Prediction
  • Chemical Reaction Optimization
By Region
  • North America
  • Europe
  • Asia Pacific
  • LAMEA
Key Players Manuchar N.V, IMCD N.V., Univar Solutions Inc., Brenntag S.E., Sojitz Corporation, ICC Industries Inc., Azelis Group NV, Tricon Energy Inc., Biesterfeld AG, Omya AG, HELM AG, Sinochem Corporation, Petrochem Middle East FZE and Others

Type Landscape

The software sector contributed the most share in 2022 and is expected to continue to dominate throughout the projected period because of the constant software evolution that serves the needs of the chemical sector. The dominance of this segment has resulted from increased sales for software as a result of a growing need for drug research and development.

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Service Landscape

On the other hand, services are expected to grow at the fastest rate during the forecast period. The requirement for greater awareness of AI-based hardware as well as software activity among life science experts is increasing the demand for third-party service operators who deliver technologically trained staff to operate costly AI technologies. During the forecast period, this factor drives the global AI services sector in the chemical market. For instance, ChemAILab offers services for the synthesis of molecular libraries as well as NMR identification.

Application Landscape

Between 2023 and 2032, the molecule design sector is expected to grow at the fastest CAGR. Machine learning has proven to be effective in drug forecasting as well as material discovery. Artificial intelligence also assists in the field of organic photovoltaic (OPV). These machine learning-based techniques aid in the identification of molecules, characteristics, and interactions, as well as the prediction of reaction outcomes.

Reaction Outcome Prediction

After the compound has been produced, we must determine whether it possesses all the qualities of the molecule we aimed to develop. This process is complicated and time-consuming when done manually. However, with the assistance of artificial intelligence, this procedure has become more accessible and less time-consuming. Artificial intelligence-based algorithms were applied to the chemical compound to predict its properties, such as solubility, temperature, melting point, and others.

The BOB is a machine-based model that consists of a large amount of information that is used to predict molecular characteristics such as polarizability, HOMO (highest occupied molecular orbital), and LUMO (lowest unoccupied molecular orbital) of the compound. A machine learning-based program trained to forecast reaction conditions, including any organic reaction. This program predicts the solvent(s), catalyst(s), reagent(s), and temperature.

Market Dynamics

Drivers

Yield Optimization

85% of production problems are caused by minor variations that can be easily controlled and modified utilizing Artificial Intelligence. The chemical sector is heavily reliant on parameters such as temperature and pressure. AI continuously monitors these variables and provides real-time temperature and pressure control guidance to achieve the highest yield. For instance, India Glycols is implementing a variety of Industrial Internet of Things, robotic automation, as well as AI technologies. The objective is to develop leaner, greener production capabilities that improve energy efficiency, manufacturing yield, quality, and throughput.

Enhancing Safety Measures

Chemical manufacturing is among the world’s most stringently regulated sectors. It poses a variety of safety risks, and any individual’s safety is assured by gathering real-time data as well as incorporating it with advanced analytics solutions. Sensors are utilized to collect data, and that data is then applied to ensure the protection of all individuals in the manufacturing unit. Sensors can detect if or not a person is wearing PPE. For instance, Multibillion-dollar companies such as Dow are using AI tracking to identify and eliminate safety risks.

Restraint

The “Black Box” of AI

AI is well-known for its ability to extract information from massive amounts of data, uncover underlying patterns, as well as make a data-driven judgment. However, while the system consistently produces precise results, there is a significant drawback. The AI system is unable to convey or describe how it came to this conclusion. As a result, the question arises: how can we trust the system in highly sensitive areas such as governance, national security, or high-stakes business ventures?

Recent Developments:

  1. Haber plans to launch an AI-powered green chemistry lab in Pune in 2023.
  2. Chemical.AI raised approximately $14 million in Series B funding in 2022 to transform R&D in chemistry.
  3. XuanZhu BioPharm as well as Chemical.AI Unveil Drug Discovery Collaboration in 2022.
  4. In 2022, an AI-powered robot discovered reaction conditions for Suzuki-Miyaura coupling.

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About Us

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally.

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Artificial Intelligence

Digital China’s Guo Wei Shares ‘China’s Sample’ of Global Digital Innovation with London Business School

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LONDON, May 22, 2024 /PRNewswire/ — On May 21st, at the invitation of London Business School (LBS), Guo Wei, Chairman of Digital China, participated in the esteemed “Managing the Digital Organization” lecture, engaging with a cohort of prospective business leaders. Focusing on the trending topics of ‘Artificial Intelligence’ and ‘Digital Transformation’, he imparted the digital philosophy and practices of Chinese enterprises amidst the digital civilization era.

Digital China, a prominent player in China’s digital economy, has harnessed over two decades of deep involvement in the nation’s information industry to embrace the power of digitization. This has culminated in what Guo Wei refers to as ‘China’s Vibrant Blueprint for Digital Transformation’, carving a distinctive path of digital metamorphosis. Notably, Digital China’s transformation narrative has been incorporated into LBS’s esteemed case library, underscoring its significance as a teaching instrument.
In his lecture, Guo Wei emphasized that the digital economy now constitutes the backbone of supply, with digital technology emerging as the paramount catalyst for economic expansion. The hastening pace of global digitization propels us into an epoch of digital civilization. For multinational corporations, digital strategies have escalated to the status of corporate strategy, and the amassing of data assets constitutes the pivotal lever for business innovation. Amidst this evolution, AI-fueled digital-cloud integration signifies a disruptive technological innovation, poised to invigorate the global landscape. Digital China feels honored to reprise its role in elite international business school case repositories, thereby contributing insights to academia. This recognition signifies that Chinese enterprises’ digital and AI acumen resonates globally, exemplifying world-class practices.
Professor Julian Birkinshaw, Vice Dean and Professor of Strategy and Entrepreneurship at LBS, remarked, “As a global institution, we constantly seek out exemplary cases worldwide. Digital China was chosen not solely due to its prominence in China but also its sophisticated implementation of digital technologies, demonstrating adaptability and offering invaluable insights to our students about the contemporary business milieu. The story of Digital China encapsulates Mr. Guo Wei’s philosophy – digitization transcends being a mere process; it embodies the existential rationale for companies. This philosophy underpins our decision to feature Digital China in our case studies.”
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Artificial Intelligence

Saviynt Appoints James Ross as RVP-ANZ to Strategically Accelerate Growth in the Australia and New Zealand Region

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LOS ANGELES, May 22, 2024 /PRNewswire/ — Saviynt, a leading provider of cloud-native identity and governance platform solutions, today announced the appointment of James Ross as RVP-ANZ as the company has seen rapid growth in the Australia and New Zealand (ANZ) region, with double digit growth year over year.

Saviynt has solidified its position as a key player in the cloud identity security landscape with its Identity Cloud. The company’s continued focus on innovation and client satisfaction has contributed significantly to building a safer Australia with prominent customers across the energy and utilities, finance, retail, energy, and transport and logistics sectors.
“James’ appointment as the Regional Vice President (RVP) for ANZ marks a strategic move to accelerate growth and solidify market presence in the region,” said Dan Mountstephen, SVP APAC at Saviynt. “With a proven track record of dynamic leadership at Collibra, ForgeRock, and CA Technologies, James brings a wealth of experience and expertise to the role. His visionary approach and collaborative spirit are poised to inspire and mobilize teams toward ambitious targets.”
Saviynt has consistently expanded its client base and deepened its relationships with existing customers through customized solutions and unparalleled support, cementing its reputation as a trusted partner in the region’s cybersecurity ecosystem. As RVP ANZ, Ross is set to foster key partnerships and implement agile strategies to propel the company towards new heights of success in the dynamic ANZ market.
“Joining Saviynt excites me because it’s an opportunity to help more organizations simplify their identity ecosystem in order to drive efficiencies and improved security posture. I am committed to leveraging Saviynt’s cutting-edge solutions to continue to broaden our partnerships in the region to improve our accessibility for customers, strengthen our regional delivery, whilst continuing to provide a great customer experience,” said Ross.
To learn more about Saviynt, please visit our website.
About Saviynt
Saviynt empowers enterprises to secure their digital transformation, safeguard critical assets, and meet regulatory compliance. With a vision to provide a secure and compliant future for all enterprises, Saviynt’s cutting-edge solutions have been recognized as industry leaders. For more information, please visit www.saviynt.com.
Press Contact
Jacklyn [email protected]
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Artificial Intelligence

Appdome Sweeps Cybersecurity Excellence Awards

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Unified Mobile Defense Platform Recognized for Innovation and Leadership Across Nine Cybersecurity Categories
REDWOOD CITY, Calif., May 21, 2024 /PRNewswire/ — Appdome, the mobile app economy’s one-stop shop for mobile defense, today announced it has received a total of nine (9) Cybersecurity Excellence Awards. The Appdome Unified Mobile App Defense Platform was awarded best in class across nine categories in recognition of the comprehensive breadth, depth and value of the Appdome platform to brands and enterprises alike.

“We congratulate Appdome on being recognized as an award winner in 9 categories of the 2024 Cybersecurity Excellence Awards,” said Holger Schulze, CEO of Cybersecurity Insiders and founder of the 600,000-member Information Security Community on LinkedIn, which organizes the 9th annual Cybersecurity Excellence Awards. “With over 600 entries across more than 300 categories, the awards are highly competitive. Appdome’s achievement reflects outstanding commitment to the core principles of excellence, innovation, and leadership in cybersecurity.”
Within a single pane of glass, Appdome delivers the most complete set of no-code, no-SDK, fully automated mobile defenses to mobile brands and enterprises, empowering mobile developers, cybersecurity, fraud and IT teams to deliver on any mobile cyber objective quickly and easily.
The nine (9) categories in which Appdome received a Cybersecurity Excellence Award are:
Mobile Security Platform: Appdome is the only enterprise-grade mobile security platform built for full mobile defense lifecycle management, visibility and control to brands and enterprises alike, including key features for build, test, release, monitor, response, and compliance automation. Mobile Security Automation: Appdome is the only mobile defense solution that uses machine learning to code and build over 300+ mobile app security, anti-fraud, anti-cheat, anti-malware, anti-bot, geo-compliance and other defenses in Android & iOS apps in the DevOps pipeline.Mobile Social Engineering Defense:  The Appdome Social Engineering Prevention solution is the first of its kind to protect mobile users from voice phishing (Vishing) scams and other imposter scams, T.O.A.D. attacks, Remote Access Trojans (RATs), Gold Pickaxe, FaceID bypass and more without an SDK or external servers.Mobile Bot Defense: The Appdome MOBILEBot™ Defense solution is the first mobile anti-bot solution to come out of the box compatible with any industry standard web application firewall (WAF) on the market and provide multi-layered bot, credential stuffing and Account Take Over (ATO) defense without an SDK, external server, performance limits, or restrictions.Mobile Geo Compliance:  Only the Appdome Mobile Geo-Compliance solution guarantees accurate and authentic geo location of mobile devices, applications and users without code or coding in the mobile app, without implementing an SDK and without deploying additional servers.Mobile XDR: The Appdome ThreatScope™ Mobile XDR solution is the only mobile attack and threat monitoring service that comes pre-packaged into the mobile defense lifecycle, requires no device agent, device profile, separate code, coding, SDK or server, and provides real-time detection and automated response across internal (employee facing) and external (consumer facing) Android & iOS apps.DevOps Mobile Security Tool: The Appdome platform’s fully integrated Security Release Management™ capabilities and Appdome Certified Secure™ mobile DevSecOps certification offer the only true enterprise-grade compliance assurance, audit and control for mobile defense at brands and enterprises, allowing quick verification that all security, anti-fraud and compliance objectives have been met.   Mobile Application Security:  With 300+ separate defenses for mobile apps, Appdome has the most comprehensive set of mobile application security features available in one product, fully compatible with all mobile Android & iOS apps.”Nine Cybersecurity Excellence Awards for Mobile Defense tells a very compelling story for the incredibly complex Dev, Sec, and Ops challenges organizations face detecting and defeating mobile-based risks and attacks,” said Chris Roeckl, Chief Product Officer at Appdome. “Point products make these challenges worse by adding complexity and overloading already taxed cyber and engineering teams. Appdome is the only platform simplifying work, bringing all these unique challenges under a single pane of glass, delivering 300+ protections and simultaneously resolving the security, fraud, resilience and compliance challenges brands and enterprises face.”
Learn more about the award-winning Appdome Platform at www.appdome.com or request a personalized demo at https://www.appdome.com/request-a-demo/appdome-home/
The full list of awards are available from the Cybersecurity Excellence Awards website  https://cybersecurity-excellence-awards.com/
About AppdomeThe Appdome mission is to protect every mobile app and mobile user in the world. Appdome provides the mobile industry’s only Unified Mobile App Defense platform, powered by a patented mobile coding engine, Threat-Events™ Threat-Aware UX/UI Control, and ThreatScope™ Mobile XDR. Using Appdome, mobile brands eliminate complexity, ship faster and save money by delivering 300+ Certified Secure™ mobile app security, anti-malware, anti-fraud, mobile anti-bot, anti-cheat, geo compliance, MiTM attack prevention, code obfuscation, social engineering and other protections in Android and iOS apps with ease, inside the mobile DevOps and CI/CD pipeline. Leading financial, healthcare, government and m-commerce brands use Appdome to protect Android and iOS apps, mobile customers and mobile businesses globally. Appdome holds several patents including U.S. Patents 9,934,017 B2, 10,310,870 B2, 10,606,582 B2, 11,243,748 B2 and 11,294,663 B2. Additional patents pending.
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