Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

Clinical Decision Support System Market Primed to Reach USD 2.3 Billion by 2031 with 8.8% CAGR – TMR Study

Published

on

<!– Name:DistributionId Value:8846373 –> <!– Name:EnableQuoteCarouselOnPnr Value:False –> <!– Name:IcbCode Value: –> <!– Name:CustomerId Value:500027181 –> <!– Name:HasMediaSnippet Value:false –> <!– Name:AnalyticsTrackingId Value:5080c80a-9da7-4fbe-9419-dbb24f836849 –>

Wilmington, Delaware, United States, May 25, 2023 (GLOBE NEWSWIRE) — The global clinical decision support system market was valued at US$ 1.2 Bn in 2022 and is projected to record a CAGR of 8.8% from 2022 to 2031 to reach US$ 2.3 Bn by 2031.

Rapid incorporation of machine learning and artificial intelligence (AI) tools/techniques in clinical diagnosis decision support systems (DDSS) of diseases is likely to create significant growth opportunities in the clinical decision support system industry. According to recent market trends, usage of non-knowledge based CDSS in precision radiology has been increasing for the last few years.

Request for a sample PDF report with Insights, Charts, Tables, and Figures at https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4332

The clinical decision support system market is expected to expand at a rapid pace due to supportive government initiatives to incentivize rapid development and implementation of EHR-integrated clinical decision support technologies in several areas of patient care. Surge in demand for these technologies in emerging applications, such as emergency medicine and for diagnosis and monitoring of allergic diseases, is anticipated to provide lucrative business opportunities in the near future. For instance, rise in utilization of CDSS to improve adherence to evidence-based medicine in the management of allergic diseases.

Key Findings of Study

  • Considerable Adoption of Knowledge-based CDSS: Based on usage, the knowledge-based clinical decision support system segment is projected to expand at a steady pace in the next few years. The segment accounted for the leading market share of 61% in 2020. Rapid increase in utilization of rule-based approaches in clinical decision making has been fueling the segment for the last few years. Extensive usage of CDSS in diagnostic support is likely to accelerate adoption of knowledge-based system. For instance, application of knowledge-based CDSS among radiologists is expected to augment the market value.
  • Rise in Demand for Cloud-based CDD: Rapid increase in deployment of cloud-based clinical decision support system is likely to generate significant revenue opportunities for companies in the market. Surge in preference for cloud-based deployment of CDSS is majorly due to the need to ensure the privacy and security of medical data/patient data. Moreover, healthcare providers are benefitting from anytime and anywhere, secure access to clinical as well as non-clinical data at the point of care. Cloud computing enables easy storage and access to these data at low cost. Rise in demand for smart CDSS in the management of chronic diseases, such as diabetes, is anticipated to propel the cloud-based delivery model segment of the market in the near future.

Get Customized Solution to Meet Your Research Requirements: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=4332

Key Drivers

  • Rapid development in computerized clinical support technology with consistent focus on improving patient care is one of the key drivers of the clinical decision support system market. Growing awareness about functions and benefits of CDSS among healthcare professionals and patients is expected to broaden the market outlook in the next few years.
  • Rise in collection of patient data through electronic health records (EHR) in real-time and computerized provider order entry (CPOE) systems has led to rapid evolution of the clinical decision support system (CDSS) market. Steady rise in adoption of EHR in several countries around the globe is a significant factor driving the clinical decision support system market development.

Regional Growth Dynamics

North America is likely to constitute the leading market share of 40% of the total market by 2031. The market (regional) is estimated to reach US$ 892.66 Mn by the end of 2031. The U.S. is the major market in the region. Considerable R&D activities in diagnostic and prognostic platforms for chronic diseases are expected to fuel the market in the U.S. Significant investment in healthcare IT solutions and rise in use cases of AI in medicine are expected to boost the market size in North America. Rise in initiatives by the government in the U.S. to endorse EHR adoption is likely to accelerate the demand for CDSS in hospitals and clinics. Leading players are focused on expansion of their presence in the region, which is likely to augment market development in the next few years.

Competition Landscape

Prominent companies in the clinical decision support system market are

  • Allscripts Healthcare Solutions Inc.
  • First Databank Inc.
  • Truven Health Analytics
  • Cerner
  • Philips Healthcare
  • Siemens Healthcare
  • GE Healthcare
  • Epic Systems Corporation
  • Optum Inc.

Buy this Premium Research Report | Immediate Delivery Available at https://www.transparencymarketresearch.com/checkout.php?rep_id=4332&ltype=S

Clinical Decision Support System Market Segmentation

Usage Based

  • Knowledge-based Systems
  • Expert Laboratory Information Systems
  • Machine Learning Systems

Mode of Advice

  • Passive CDSS
  • Active CDSS

Delivery Model

  • On-premise
  • Web-based
  • Cloud-based

Application

  • Drug Databases
  • Care Plans
  • Diagnostic Decision Support
  • Disease Preference
  • Others

End-user

  • Hospitals
  • Diagnostic Centers
  • Clinics
  • Others

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Websitehttps://www.transparencymarketresearch.com
Bloghttps://tmrblog.com
Email: [email protected]

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Cyber insurtech BOXX partners with Zurich Insurance Group in Switzerland to introduce breakthrough personal cyber product

Published

on

cyber-insurtech-boxx-partners-with-zurich-insurance-group-in-switzerland-to-introduce-breakthrough-personal-cyber-product

TORONTO, May 21, 2024 /PRNewswire/ — Award-winning global Insurtech BOXX Insurance Inc. that combines cyber insurance and security has announced the launch of a cutting-edge cyber risk solution in collaboration with Zurich Insurance Group in Switzerland, providing digital protection for individuals and families. 

Recognizing the critical need for comprehensive protection against digital threats Zurich Insurance in Switzerland has partnered with technology partner BOXX Insurance to develop a user-friendly solution designed to help individuals and families better predict and prevent potential scams and digital threats.
Designed for simplicity, the app’s personalized experience puts users’ digital safety front and centre, featuring an easy-to-use interface designed by Zurich Insurance in Switzerland and developed by BOXX in close collaboration with Zurich. The App is now available in Switzerland offering support in English, German, French and Italian.
“We created this to give individuals and families what they want – an app that delivers an essential bundle of tools at users fingertips including access to experts in the event of a cyber emergency,” explained Vishal Kundi, CEO and Founder, BOXX Insurance. “Smartphones have become the fastest-selling gadgets in history. They have penetrated every aspect of daily life. The average person picks their phone up to 100 times a day so if we want to make their world a digitally safer place, we have to ensure their phone and their usage is better secured,” Kundi added.
“An extensive research conducted by Zurich Insurance in Switzerland showed that many are not aware of online dangers and that around a quarter have already been victims of a cyber-attack. In addition, customers are simply overwhelmed with the range of cyber products,” says René Harlacher, Chief Underwriting Officer of Zurich Insurance in Switzerland. “At Zurich, it’s our mission to go beyond mere protection, and also offer our customers tools to help them build resilience and implement preventative measures against cyber risks. Based on these facts, we are expanding our cyber offering for private individuals so that we can provide them with support before, during and after a possible cyber-attack. This is exactly where our joint offering with BOXX Insurance comes in, as a way to lend additional support to our customers,” he adds.
The newly launched solution by Zurich Insurance in Switzerland focuses on providing essential services to help prevent digital threats combined with emergency assistance and support in case of an emergency. Delivered to end customers by Zurich, key features include:
Identity Protection: Identifies if personal data captured in the app shows up on the dark web and notifies users, providing help and advice to reduce threats of identity theft.Secure VPN: By creating a secure and encrypted internet connection the VPN protects data from potential threats such as hacking, identity theft, and phishing attacks. Secure WiFi: Scans WiFi networks for threats and helps proactively detect security issues.Safe Browsing: Warns against harmful websites and links to protect privacy and personal data.Device Protection: Checks and improves the security settings of devices. Devices with the Android operating system are additionally protected against viruses and malware.Password Manager: Creates and manages strong passwords and assists with their use.Edutainment: Educational content in an entertaining way to raise awareness of personal cyber security.Emergency Support and Assistance: Help and assistance from cyber security experts to provide support in cyber emergencies and for many other IT-related problems.   The new offering is available here: https://www.zurich.ch/en/private-customers/living-events/cyberprotection/insurance-prevention
“From providing protection from the dangers of being connected at home and on the go, customers now have the means to keep their devices and data secure and have access to indispensable help in an emergency, all in one easy-to-use app,” Kundi added.
Zurich has been working with BOXX since 2021 and participated in BOXX’s Series A and Series B funding rounds. As a Zurich Global Ventures portfolio company, BOXX is proud to now extend the ongoing collaboration with Zurich to enable Swiss customers to be digitally safer.
About BOXX Insurance 
BOXX Insurance Inc. helps businesses, individuals and families insure and defend against cyber threats. Privately-held with headquarters in Canada, BOXX has global offices in Toronto, Miami, Zurich, Dubai and Mumbai.
BOXX Insurance is an award-winning global cyber protection and insurance provider. We’re not a typical company. That’s by design. We’re serious about making the world a digitally safer place; creating real, positive changes for our clients and partners, and building a lasting legacy, from what we create, inside the BOXX.
Every day we’re improving the digital health of businesses, families and individuals around the world who rely on BOXX’s solutions and services to predict, prevent and insure them against cyber threats.
Media Contact: Sarah Madden, [email protected] 

Photo – https://mma.prnewswire.com/media/2416572/BOXX_Insurance_Cyber_insurtech_BOXX_partners_with_Zurich_Insuran.jpgLogo – https://mma.prnewswire.com/media/2416573/BOXX_Insurance_Cyber_insurtech_BOXX_partners_with_Zurich_Insuran.jpg

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/cyber-insurtech-boxx-partners-with-zurich-insurance-group-in-switzerland-to-introduce-breakthrough-personal-cyber-product-302150416.html

Continue Reading

Artificial Intelligence

Amp Finalises Commercial Agreements for Cape Hardy Advanced Fuels Precinct

Published

on

amp-finalises-commercial-agreements-for-cape-hardy-advanced-fuels-precinct

ADELAIDE, Australia, May 21, 2024 /PRNewswire/ — Amp Energy (“Amp” or the “Company”) announced today it has finalised all required commercial agreements for the development of the Cape Hardy Advanced Fuels Precinct – one of the leading green hydrogen, green ammonia and advanced fuel projects in Australia. The agreements, which were executed with Iron Road Ltd, include the purchase of a 630-hectare parcel of land at Cape Hardy as well as finalised royalty structure and common user infrastructure agreement. Amp will continue to build upon development progress made since announcing the Strategic Framework Agreement with Iron Road Ltd in April 2023 to bring advanced fuel production capacity to Cape Hardy.

The Cape Hardy Advanced Fuels Precinct will provide production at scale with up to 10 GW of planned electrolyser capacity. Development will be structured to initially bring 1 GW online with incremental stages to reach 10 GW of total capacity.   The project will both cater to the domestic Australian market, supporting the Australian Government’s net zero goals, while also featuring global export capabilities.  To facilitate distribution, Cape Hardy will be equipped with Australia’s first purpose-built advanced fuels export terminal.   
Amp has been in discussions to develop the Cape Hardy Advanced Fuels precinct, in collaboration with Iron Road Ltd and The Government of South Australia, for the past two years. During that time, Amp has made significant development progress.  The project’s concept, design, and pre-Front End Engineering Design (FEED) phase have been studied and reviewed by two leading global engineering firms, Arup and Technip Technologies, as Amp targets completion of pre-FEED studies for the first 1 GW electrolyser phase over the next 9 months. FEED scoping and contracting is currently underway ahead of awarding the FEED contract in late 2024 or early 2025.
Desalinated water is to be sourced from the recently announced Northern Water Supply (NWS) seawater desalination plant that will be located at Cape Hardy to meet the project’s demand for electrolyser feed water, cooling water, process plant water, and fire water. Amp is co-funding pre-FID expenditures for the NWS project.
Additionally, Amp is working closely with the Barngarla Determination Aboriginal Corporation RNTBC (“BDAC”).  With continued support from the BDAC, Amp is confident the Cape Hardy Advanced Fuels Precinct will have a meaningful economic impact on the region.  Amp currently estimates this will include approximately 4,000 direct and 6,000 indirect jobs for the first gigawatt of electrolyser capacity alone.
“We are seeing growing demand for Advanced Fuels both in Australia and abroad. This includes green ammonia, liquid hydrogen, methanol, and sustainable aviation fuel. The Cape Hardy Advanced Fuels Precinct will allow for large-scale production of these fuels that will be critical to the energy transition and achieving net zero targets. We could not be more excited about the project’s potential impact, and we are grateful for the partnership and continued support from Iron Road Ltd, the South Australian Government and BDAC as we progress full steam ahead on development” said Paul Ezekiel, Amp President and Co-founder.
Minister for Trade and Investment, Joe Szakacs said “The State Government recognises the strategic importance of the Cape Hardy Advanced Fuels Precinct attracting investment into the state for domestic and export opportunities, as there is an increasing flight to quality for hydrogen projects worldwide.”
About AmpAmp Energy is a global energy transition development platform, which delivers renewables, battery storage, Advanced Fuels and green AI data centers at scale, together with proprietary AI-enabled grid flexibility through its Amp X platform. Since its inception 15 years ago, Amp has developed and built or contracted 14 GW of assets globally. Amp is backed by major investments from institutional capital partners including global private equity firm the Carlyle Group, who has invested over US$440 million. The company has global operations throughout North America, the UK, Australia, Japan, and Spain.
For more information, please visit amp.energy

View original content:https://www.prnewswire.co.uk/news-releases/amp-finalises-commercial-agreements-for-cape-hardy-advanced-fuels-precinct-302150677.html

Continue Reading

Artificial Intelligence

GEEKOM A8 AI PC is now available for €799 and up.

Published

on

geekom-a8-ai-pc-is-now-available-for-e799-and-up.

TAIPEI, May 21, 2024 /PRNewswire/ — The GEEKOM A8, a highly anticipated Next-Gen AI mini PC with an AMD HawkPoint Ryzen 8040 processor, is now available.

The A8 employs a metal housing with rounded corners and anodized matte finish, giving it a gorgeous and stylish look. Having a footprint smaller than the palm of a hand, the mini PC will conveniently fit in all types of desktop arrangement and instantly elevate the aesthetics of any workspace.
There are two variants of the GEEKOM A8, users have the option to choose between two processors from the same AMD HawkPoint family: Ryzen 7 8845HS and Ryzen 9 8945HS. Both chips feature 8 Zen 4 CPU cores, 16 threads, 16MB L3 cache, an AMD Radeon 780M integrated GPU as well as a Ryzen AI Engine NPU, but the Ryzen 9 8945HS is designed to offer slightly better performance, thanks to its higher CPU and GPU frequencies.
With a greatly enhanced NPU, the A8 can execute 60% more AI workloads than mini PCs with last-generation Ryzen 7040 chips, allowing users to embrace a new era of AI computing. For average consumers, the A8 will quickly find answers to all questions and turn texts into images and videos. For business users, the A8 will automatically summarize notes, transcribe calls, and take meeting minutes. For professional content creators, the A8 will bring much faster AI-powered photo editing, quicker video output, and speedier multi-tasking, helping bring the most ambitious ideas to life. With the new IceBlast 1.5 cooling technology, the A8 can stay cool and stable even when tasks are loaded.
Besides its powerful performance, the A8 also offers a wide array of ports, including four USB-A (including three USB3.2 Gen2), two HDMI2.0, a 40Gbps USB4, a multi-function Type-C, an SDXC slot, and a 3.5mm audio jack. Users can choose to connect the mini PC to an eGPU, ultra high-speed portable storage, or up to four 4K displays.
The A8 is now available on GEEKOM’s independent website. The 8845HS and 8945HS variants are priced at €799 and €949 respectively. Regardless of the CPU option, each unit is preinstalled with 32GB dual-channel SO-DIMM DDR5-5600 RAM, a fast 1TB M.2 2280 PCIe4.0*4 SSD, a wireless card that supports WiFi 7 and Bluetooth 5.4, and a licensed copy of Windows 11 operating system.
Photo – https://mma.prnewswire.com/media/2415798/image_5019393_32291715.jpg

View original content:https://www.prnewswire.co.uk/news-releases/geekom-a8-ai-pc-is-now-available-for-799-and-up-302148964.html

Continue Reading

Trending