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Artificial Intelligence

Artificial Intelligence (AI) in Precision Medicine market is projected to grow at a CAGR of 28.4% by 2033: Visiongain

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Visiongain has published a new report: Artificial Intelligence (AI) in Precision Medicine Market Report 2023-2033: Forecasts by Component (Software, Services, Hardware), by Technology (Machine Learning and Deep Learning, Querying Method, Natural Language Processing, Context Aware Processing), by Therapeutic Application (Oncology, Cardiology, Neurology, Respiratory, Others) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Impact and Recovery Pattern Analysis.

The global Artificial Intelligence (AI) in Precision Medicine market was valued at US$1,286.3 million in 2022 and is projected to grow at a CAGR of 28.4% during the forecast period 2023-2033.

Collaboration and partnerships among various stakeholders are crucial for fully utilizing the potential of AI in precision medicine. These stakeholders encompass researchers, healthcare providers, technology companies, pharmaceutical firms, regulatory bodies, and patient advocacy groups. Through collaboration, these entities can leverage their expertise, resources, and data to accelerate the development and implementation of AI technologies in precision medicine.

The increasing trend of collaboration and partnerships in this domain offers several benefits. Firstly, it promotes the exchange of knowledge and best practices, allowing stakeholders to learn from one another’s experiences and avoid redundant efforts. Moreover, such collaborations foster data sharing, which plays a vital role in training AI algorithms and creating comprehensive and diverse datasets. For instance, on 20th October 2022, Cerba, a prominent provider of specialized clinical pathology references, and Taliaz, an Israeli digital health company committed to enhancing mental health conditions, joined forces in a collaborative venture. The objective of this partnership is to offer physicians an advanced precision psychiatry solution, powered by artificial intelligence (AI), that accurately predicts the effectiveness of treatments for depression. Collectively, the market stands to gain a substantial opportunity through the key strategic alliances among providers of artificial intelligence in precision medicine.

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https://www.visiongain.com/report/ai-in-precision-medicine-market-2023/#download_sampe_div

How has COVID-19 had a Significant Positive Impact on the Artificial Intelligence in Precision Medicine Market?

The market for vendors of artificial intelligence in precision medicine has been significantly impacted by the COVID-19 pandemic. This impact has been influenced by a number of things. AI technologies, including machine learning, deep learning, and natural language processing, have found applications in various domains of precision medicine, encompassing genomics, diagnostics, drug discovery, and personalized treatment.

AI demonstrates immense potential in transforming precision medicine through its ability to analyse extensive datasets, identify patterns and correlations, and generate actionable insights for healthcare providers and researchers. It aids in predicting disease susceptibility, optimizing treatment regimens, and enhancing patient outcomes. By scrutinizing genomic data, AI-powered algorithms can identify genetic variations linked to specific diseases, enabling more precise diagnoses and targeted therapies. Moreover, AI algorithms can analyse medical imaging data to aid in the early detection of diseases like cancer, resulting in timely interventions and improved survival rates.

The COVID-19 pandemic has further emphasized the importance of AI in precision medicine. The unprecedented global health crisis has presented numerous challenges in effectively managing the virus, comprehending its impact on diverse populations, and devising efficient treatment approaches. AI has played a vital role in tackling these challenges by facilitating rapid analysis of extensive COVID-19-related data, including genomic sequences, clinical data, and epidemiological information.

The COVID-19 pandemic has emphasized the significance of AI in addressing public health emergencies and enhancing our comprehension of intricate diseases. Through ongoing research, collaboration, and responsible utilization, AI in precision medicine holds the potential to enhance patient outcomes and bolster the resilience of healthcare systems.

How will this Report Benefit you?

Visiongain’s 248-page report provides 91 tables, 127 charts/graphs. Our new study is suitable for anyone requiring commercial, in-depth analyses for the global artificial intelligence in precision medicine market, along with detailed segment analysis in the market. Our new study will help you evaluate the overall global and regional market for artificial intelligence in precision medicine market. Get financial analysis of the overall market and different segments including technology, component, and therapeutic application, company size and capture higher market share. We believe that there are strong opportunities in this fast-growing artificial intelligence in precision medicine market. See how to use the existing and upcoming opportunities in this market to gain revenue benefits in the near future. Moreover, the report will help you to improve your strategic decision-making, allowing you to frame growth strategies, reinforce the analysis of other market players, and maximise the productivity of the company.

What are the Current Market Drivers?

Increasing Demand for Personalized Treatments
The global application of artificial intelligence in precision medicine is growing due to the increasing need for personalized treatment. The quest for personalized treatments is driving an increase in the use of artificial intelligence in precision medicine on a global scale. With precision medicine, individual traits such as genetics, lifestyle, and environmental factors will be considered when designing medical interventions. By analyzing massive volumes of data and producing useful insights to direct treatment choices, AI plays a crucial role in this area. There is a growing desire for treatments that are tailored to the patient. First, improvements in genomics and molecular profiling have enabled tailored medicines by improving our understanding of illnesses at the molecular level. This complicated data may be processed and interpreted by AI systems, making it easier to identify particular biomarkers and predict treatment outcomes.

For instance, companies such as Tempus combines AI and genomic sequencing to provide personalized cancer care solutions. Their platform analyses clinical and molecular data to generate insights for treatment decision-making and clinical trial enrolment. Also, NVIDIA offers AI solutions for precision medicine, including their Clara Genomics platform. It utilizes AI algorithms and GPU-accelerated computing to analyze genomic data and assist in clinical decision-making.

High Prevalence of Chronic Illnesses and Respiratory Disorders
Due to the rising incidence of chronic illnesses and respiratory disorders, the use of artificial intelligence in precision medicine is expanding significantly on a global scale. Health problems like diabetes, cancer, cardiovascular disease, and respiratory conditions like asthma and chronic obstructive pulmonary disease (COPD) are spreading across the globe. One of the main factors influencing the use of AI in precision medicine is the increased burden of chronic diseases. Massive amounts of patient data, including genomic data, medical records, and lifestyle factors, may be analyzed using AI technologies. By leveraging this data, AI algorithms can provide personalized treatment plans, early detection of diseases, and more accurate diagnostics, leading to improved patient outcomes.

Additionally, AI-powered tools can help healthcare providers optimize treatment strategies, enhance medication adherence, and manage chronic conditions more effectively. The use of AI in precision medicine holds the promise of reducing healthcare costs, improving patient care, and ultimately mitigating the impact of chronic and respiratory diseases on individuals and healthcare systems globally.

Get Detailed ToC
https://www.visiongain.com/report/ai-in-precision-medicine-market-2023/

Where are the Market Opportunities?

The field of artificial intelligence in precision medicine is currently witnessing a notable opportunity as a result of the growing investments and research and development (R&D) efforts. With the rising demand for advanced healthcare solutions, governments, organizations, and investors are allocating more resources to initiatives focused on utilizing AI in precision medicine. This increased funding facilitates the creation of state-of-the-art technologies, algorithms, and tools that improve the accuracy of diagnoses, effectiveness of treatments, and overall patient outcomes. Additionally, it encourages the exploration of innovative AI applications in areas such as genomics, medical imaging, predictive analytics, and personalized treatment planning. The combination of augmented funding and R&D activities offers a promising environment for advancements in AI-powered precision medicine, paving the way for potential transformative impacts on global healthcare.

Competitive Landscape
The major players operating in the artificial intelligence in precision medicine market are Merative, Intel Corporation, NVIDIA Corporation, Insilico Medicine, Tempus, Exscientia, Indivumed GmbH, Medrio, Inc., BPGbio, Inc., among others. These major players operating in this market have adopted various strategies comprising M&A, investment in R&D, collaborations, partnerships, regional business expansion, and new product launch.

Recent Developments

  • On 16th February 2023, M2GEN, a bioinformatics company known for its advanced data analysis in oncology research, and Zephyr AI, Inc., a company focused on developing transparent AI solutions for various aspects of precision medicine, entered into a long-term strategic partnership. This collaboration aims to expedite the process of discovering new drugs and conducting comprehensive investigations for cancer treatments, ultimately enhancing the quality of life for patients.
  • On 28th February 2023, Tempus announced a multi-year, strategic collaboration with Pfizer in which the two companies are working together to further AI and machine learning-driven efforts in therapeutic development. The goal of this collaboration is to more precisely gather insights that will inform novel drug discovery and development in oncology.

To access the data contained in this document please email [email protected]
Avoid missing out by staying informed – order our report now.

To find more Visiongain research reports on the Pharma sector, click on the following links:

Do you have any custom requirements we can help you with? Any need for a specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: [email protected]

About Visiongain

Visiongain is one of the fastest-growing and most innovative independent market intelligence providers around, the company publishes hundreds of market research reports which it adds to its extensive portfolio each year. These reports offer in-depth analysis across 18 industries worldwide. The reports, which cover 10-year forecasts, are hundreds of pages long, with in-depth market analysis and valuable competitive intelligence data. Visiongain works across a range of vertical markets with a lot of synergies. These markets include automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Our customised and syndicated market research reports offer a bespoke piece of market intelligence customised to your very own business needs.

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Visiongain Reports Limited
Telephone: +44 (0) 20 7336 6100
Email: [email protected]
Web: www.visiongain.com

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Artificial Intelligence

atNorth Shortlisted for Datacloud Global Awards, The Energy Awards and The Women in Green Business Awards

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The leading Nordic data center business achieves multiple new accolades.
REYKJAVÍK, Iceland, May 10, 2024 /PRNewswire/ — atNorth, the leading Nordic colocation, high-performance computing, and artificial intelligence service provider, today announced widespread industry recognition including shortlisting’s in the `Excellence in Data Centre Europe Award 2024′ category at the Datacloud Global Awards and the `Energy Efficient Partnership of the Year’ category at the Energy Awards.

The Datacloud Global Awards celebrate excellence in the data center and cloud industry, recognizing outstanding achievements, innovation, and leadership across various categories. From pioneering technology solutions to sustainable practices, these awards highlight the trailblazers and visionaries driving the digital transformation landscape forward.
atNorth’s continuous commitment to developing the most advantageous solutions for its clients has led the business to be recognized for its efforts in energy efficiency, data center excellence and as a leader in the data center industry.
Additionally, atNorth’s CFO & Deputy CEO, Eva Sóley Guðbjörnsdóttir has been shortlisted in the `Diversity and Inclusion Champion of the Year’ category at the Women in Green Business Awards, illustrating the commendable ethos of atNorth’s business as a whole, as it champions fairness and the greater good – both internally and at the core of its service provision.
“We are delighted to be acknowledged in a variety of categories across multiple awards,” says Eva Sóley Guðbjörnsdóttir, CFO & Deputy CEO, at atNorth. “As we remain committed to our vision of `more compute for a better world’, this recognition inspires us to continue to advocate for best practice within our business and the industry as a whole.”
The news follows atNorth’s recognition in TechRound’s Sustainability60 campaign, at the UK Green Business Awards and the Tech Capital Awards. The business has also recently announced Anna Kristín Pálsdóttir as Chief Development Officer and Jörgen Larsson as Director of Hyperscale Operations as the business continues to scale to meet the increasing demand for its services.
About atNorth
atNorth is a leading Nordic data center services company that offers sustainable, cost-effective, scalable colocation and high-performance computing services trusted by industry-leading organizations. The business acquired leading High-Performance Computing (HPC) provider, Gompute, in 2023 enabling a compelling full stack offering tailored to AI and other critical high-performance workloads. 
With sustainability at its core, atNorth’s data centers run on renewable energy resources and support circular economy principles. All atNorth sites leverage innovative design, power efficiency, and intelligent operations to provide long-term infrastructure and flexible colocation deployments. The tailor-made solutions enable businesses to calculate, simulate, train and visualize data workloads in an efficient, cost-optimized way.
atNorth is headquartered in Reykjavik, Iceland and operates seven data centers in strategic locations across the Nordics, with additional sites to open in Helsinki, Finland and in Denmark in Q4 2024, as well as its tenth site ready for operation in Kouvola, Finland in 2025.
For more information, visit atNorth.com or follow atNorth on LinkedIn or Facebook.
Press Contact:Caroline BruntonKite Hill PR for atNorth+44 (0) 7796 274 [email protected]
This information was brought to you by Cision http://news.cision.com.
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ProofID wins Judges’ Award for Global Ambition at the 2024 Northern Tech Awards

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MANCHESTER, England, May 10, 2024 /PRNewswire/ — UK-headquartered, global Identity and Access Management (IAM) specialist, ProofID has won the Judge’s Award for Global Ambition at the Northern Tech Awards held at Manchester Cathedral. The company won the award in recognition of its expansion in the USA following the successful acquisitions of Regatta Solutions an Austin, Texas based Identity Governance and Administration (IGA) integrator and PEGRight a Colorado Springs, Colorado based IAM integrator.

 
 
These two acquisitions created a combined business which leads the field as a provider of enterprise identity solutions and global identity managed services across Europe and North America. The awards, organised by GP Bullhound, are a demonstration of the spirit of innovation, resilience, and growth that defines the Northern tech ecosystem.
Tom Eggleston, CEO of ProofID said: “ProofID has always embraced its northern roots, but it’s been an exciting road.”
“Our journey to the international stage continues and reflects not only our ambition to grow via acquisition but also our ability to adapt, innovate and thrive in other territories. It’s truly wonderful for our work to be recognised in this way.”
In 2022, Maven invested £15 million through the Maven UK Regional Buyout Fund to support ProofID’s growth and strategic expansion. Since then, the company has continued to develop its partnerships with IAM vendors, offering broader solutions and enhancing its market position.
The award, accepted by Peter Dolan, CFO of ProofID, is held to showcase leading tech businesses in the North, fuelling growth in its powerful tech economy. The eleventh edition of the Northern Tech Awards ceremony, brought together 250 CEOs, entrepreneurs, and business leaders from across the digital economy, celebrating innovation and excellence in the North of England and Scotland. 
Javed Huq, Managing Director of sponsor, GP Bullhound said: “Congratulations to all the winners of the 2024 Northern Tech Awards.
“Their success is a testament to the remarkable determination and entrepreneurship, which have enabled their businesses to thrive in a challenging market landscape.
“We are immensely proud of the dedication and innovation within the Northern tech ecosystem and believe it is important to celebrate these achievements at tonight’s awards. We are honoured to champion these leading tech businesses and look forward to their continued growth and contribution to the UK economy.”
About ProofID
ProofID is a global identity security partner, integrator and service provider. As a proven identity specialist, ProofID is committed to delivering pain-free, secure and seamless digital user experiences however complex the project. Trusted by Tier 1 enterprises and mid-market businesses around the world to design, deliver and manage IAM and IGA services. ProofID has successfully deployed industry leading technologies into all market sectors with dynamic workforce needs and seamless customer engagements. ProofID’s highly skilled team has been awarded the highest technical accreditations by all their chosen partners including Ping Identity, earning Global Delivery Partner of the Year Award for 6 consecutive years and SailPoint, achieving delivery Admiral status. For more information visit www.ProofID.com.
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Northern Data Group’s Peak Mining announces new partnership for 28MW of mining, powered by 100% renewable energy

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28MW of miners delivering 1.3 EH/s, strategically located in Paraguay2,860 units of MicroBT’s M63-series liquid-cooled WhatsMiners to be installedPower rate of sub $0.04/kWh, generated by 100% renewable hydropowerFRANKFURT, Germany , May 10, 2024 /PRNewswire/ — Northern Data Group’s Peak Mining today announces a new partnership with Penguin Infrastructure Holding (“Penguin”) for 28MW of mining capacity. This project represents a significant next step in Northern Data Group’s geographical expansion and enables Peak Mining to increase its hashrate, powered by 100% renewable energy.

The hardware will be energized in H2 2024 and marks Peak Mining’s first step into South America. 2,860 units of MicroBT’s M63-series liquid-cooled WhatsMiners will be installed at the site. The hardware will generate 1.3 EH/s, contributing to Peak Mining’s planned growth to 7.9 EH/s this year.
The site in Paraguay is 100% powered by renewable hydropower harnessed from the 14 GW Itaipu Dam, it is the world’s third-largest hydroelectric dam. The site will therefore benefit from the availability of clean energy.
This expansion into South America follows Peak Mining’s recent purchase of a 300MW mining data center site in Corpus Christi, Texas, which will power around 4.2 EH/s of MicroBT’s miners as well as the construction of a 30MW facility in Grand Forks, North Dakota, which will support approximately 1.1 EH/s of the miners.
This selection of sites underscores Northern Data Group’s commitment to meet the demands of the industry as efficiently as possible. Throughout 2024, Northern Data Group will be rapidly expanding its HPC footprint. 
Aroosh Thillainathan, Northern Data Group’s Chief Executive Officer, commented:
“This partnership is significant to Northern Data Group as we continue to execute on our investment strategy and solidify our position within the global High Performance Computing market, and I’m especially pleased to be working with Penguin, given the team’s impressive sustainability standards at this site. It is Peak Mining’s first expansion into South America and is another milestone for the company as it continues to scale its international Bitcoin mining capabilities.”
Niek Beudeker, Managing Director, Peak Mining, commented:
“I’m pleased to partner with Penguin to expand our mining capacity to Paraguay. The Penguin team has done a tremendous job in constructing the site and building a strong local team. This agreement, structured as a partnership, will allow for better alignment of both parties than with a standard hosting arrangement. The partnership demonstrates our commitment to leveraging 100% clean energy to meet growing industry demand, efficiently”.
Björn Schmidtke, CEO at Penguin Group, commented:
“This strategic alliance with Northern Data Group strengthens our position as a leader in hosting next-generation High Performance Computing and also allows us to strengthen our capabilities and expand our offerings in cutting-edge areas such as AI compute. We are committed to advancing in this constantly accelerating world, which demands more high-quality services to keep evolving.”
About Peak Mining
Peak Mining, part of the Northern Data Group, is powering the future of the Bitcoin network. We deliver industry-leading operating and energy efficiency in Bitcoin mining through the latest hardware alongside innovative technology and HPC infrastructure. With our heritage dating back to 2013, we’ve been innovating for over a decade and have been at the forefront of the industry ever since. Our high-quality infrastructure is purpose-built to secure the Bitcoin network, and we’re driven to continuously find new efficiencies driving value for our investors. We’re delivering long term value in more responsible ways.
About Penguin
Penguin Group is at the forefront of HPC and cloud services powered by fully renewable hydro power in South America. Its core value is the mission to Transform Energy into Human Potential. This mission is achieved through Penguin Academy, a revolutionary education concept where students ‘learn by doing’ and has already trained thousands of young people to become the next generation of tech talent. Penguin aims to transform Paraguay into the Technological Hub of South America and expand their concept and mission globally.
About Northern Data Group
Northern Data Group (ETR: NB2) is a leading provider of High Performance Computing (HPC) solutions, utilizing GPU- and ASIC-technology. Our flexible compute power fuels innovation in our three core business platforms: Taiga Cloud, Ardent Data Centers, and Peak Mining. Through our HPC solutions, we pioneer ambitious computing innovation that drives progress in the AI, ML and Generative AI industries. Our close collaboration with industry-leading manufacturers including Gigabyte, AMD, and NVIDIA is fundamental to the acceleration of innovation across sectors including life sciences, financial services, and energy.  

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