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Pharma 4.0 Market is Booming and Expected to Reach $52.41 Billion by 2031 – Explained Details | Updated InsightAce Study

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JERSEY CITY, N.J., Dec. 13, 2023 /PRNewswire/ — InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Pharma 4.0 Market Size, Share & Trends Analysis Report By Technology (Cloud Computing, Artificial Intelligence, Big Data Analytics, Internet of Thing), By Application (Drug Discovery and Development, Clinical Trials, Manufacturing), By End-User (Pharmaceutical Companies, Biotechnology Companies, CROs and CMOs), Region, Market Outlook And Industry Analysis 2031”

The global pharma 4.0 market is estimated to reach over USD 52.41 billion by 2031, exhibiting a CAGR of 17.8% during the forecast period. 
List of Prominent Players in the Pharma 4.0 Market:
Microsoft CorporationOracle CorporationABBHoneywell International Inc.Cisco Systems, Inc.Siemens Healthcare GmbHGE HealthcareIBM CorporationAmazon Web Services, IncRecent Developments:
In October 2023, Carnival Corporation & plc and ABB entered into a long-term partnership agreement to enhance the operational excellence and performance of the cruise line’s fleet. This will be achieved by implementing cutting-edge digital solutions for condition monitoring, critical spares management, and systematic maintenance planning.In September 2023, IBM Consulting and Palo Alto Networks declared their intention to deepen their strategic partnership. As a result, customers can strengthen their end-to-end security postures and better handle ever-changing security threats. Palo Alto Networks, a frontrunner in the cybersecurity industry, has joined an exclusive group of strategic partners with IBM Consulting, which will offer top-notch security services to Palo Alto Networks.Free PDF Report Brochure: https://www.insightaceanalytic.com/request-sample/2278 
Pharma 4.0 is the current state of the pharmaceutical industry. Many technical advances, such as digitalization and automation, are part of this revolution and are necessary to manage the industry’s complex product cycles and portfolios. The pharma 4.0 industry has evolved with digitization and automation, providing services such as connecting and producing cutting-edge insights for the pharmaceutical sector transparently and elastically.
Pharma 4.0 technology also aims to improve decision-making skills and provide in-line, real-time control over business, quality, operations, and regulatory compliance. Pharmaceutical and life sciences companies stand to gain a lot by adopting pharma 4.0. In order to embrace the pharma 4.0 paradigm, it is necessary to implement organizational reforms.
A comprehensive overhaul of the infrastructure and pharmaceutical manufacturing processes is required. Digital transformation in the pharmaceutical sector is in its infancy. There are several ways in which a digital transformation strategy could help pharmaceutical companies’ facilities become more effective.
However, the significant initial investment required to integrate and deploy sensors, electric actuators, and controls into production and manufacturing processes is why small and medium-sized enterprises have been slow to embrace Industry 4.0.
Market Dynamics:
Drivers-
The growing demand for the pharma 4.0 market is fueled by digital transformation, a priority for many pharmaceutical firms as it allows them to better gather, analyze, and store data for future use. Incorporating industry 4.0 technology can accomplish all of these goals and the need for standardized operations in the pharmaceutical sector. If you have data, the 4.0 tech can give you real-time insights. The digital change in the pharmaceutical business is a key factor propelling the market forward.
Challenges:
The prime challenge is a need for more knowledge, a shortage of competent individuals and a lack of norms and protocol because of lockdowns and isolation in emerging countries, which is predicted to slow the growth of the pharma 4.0 market. Digitalization is being slowed down in developing nations due to a need for an understanding of the advantages and applications of linked devices, sensors, and analytical software in the manufacturing and production sector.
Using digital platforms and interconnected devices to manage supply chain operations, pharma 4.0 solution providers offer state-of-the-art mobile workforce management, predictive maintenance, field surveillance & monitoring, demand & supply monitoring, and smart production operations. A major obstacle to market expansion in developing nations is the need for more qualified personnel. To a large extent, Countries involved in Industry 4.0 have been hit hard by the COVID-19 pandemic. As a result of the worldwide pandemic, numerous responses from governments.
Regional Trends:
The North American pharma 4.0 market is anticipated to register a major market share in terms of revenue. It is projected to grow at a high CAGR in the near future because there has been a rise in the focus on innovations. The development of new technologies is expected to significantly enhance the expansion of the Industry 4.0 market in the region.
Besides, Europe had a substantial market share because of the great efforts to embrace industrial automation. The introduction of game-changing technology is predicted to cause a surge in the region’s Industry 4.0 market.
Curious about this latest version of the report? @ https://www.insightaceanalytic.com/enquiry-before-buying/2278 
Segmentation of Pharma 4.0 Market-
By Technology-
Cloud ComputingArtificial Intelligence (AI)Big Data AnalyticsInternet of Things (IoT)By Application-
Drug Discovery and DevelopmentClinical TrialsManufacturingBy End-User-
Pharmaceutical CompaniesBiotechnology CompaniesCROs and CMOsBy Region-
North America-
The USCanadaMexicoEurope-
GermanyThe UKFranceItalySpainRest of EuropeAsia-Pacific-
ChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia PacificLatin America-
BrazilArgentinaRest of Latin America Middle East & Africa-
GCC CountriesSouth AfricaRest of the Middle East and AfricaWhy should buy this report:
To receive a comprehensive analysis of the prospects for the global Pharma 4.0 marketTo receive an industry overview and future trends of the Pharma 4.0 marketTo analyze the Pharma 4.0 market drivers and challengesTo get information on the Pharma 4.0 market size (Value US$ Mn) forecast to 2031Significant investments, mergers & acquisitions in the Pharma 4.0 market industryFor More Customization @ https://www.insightaceanalytic.com/customisation/2278 
Other Related Reports Published by InsightAce Analytic:
Hospital-At-Home Market 
eConsent In Healthcare Market
Health-All-In One-Machine Market
Digital Biomarkers Market
Well-Being Platform Market
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact Us:InsightAce Analytic Pvt. Ltd.Tel.: +1 551 226 6109Email: [email protected] Visit: www.insightaceanalytic.comFollow Us on LinkedIn @ bit.ly/2tBXsgSFollow Us On Facebook @ bit.ly/2H9jnDZ
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Artificial Intelligence

G42 Collaborates with NVIDIA to Deliver Next-Generation Climate Solutions Using Earth-2

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ABU DHABI, UAE, Sept. 20, 2024 /PRNewswire/ — G42, a leader in AI and cloud computing, today announced that it is partnering with NVIDIA to advance climate technology with a focus on developing AI solutions aimed at dramatically enhancing the accuracy of weather forecasting globally.

The collaboration builds on NVIDIA’s Earth-2, an open platform that accelerates climate and weather predictions with interactive, AI-augmented, high-resolution simulation. G42 and NVIDIA will initially focus on a square-kilometer resolution weather forecasting model that improves the accuracy of meteorological predictions.
Key to this initiative is the establishment of a new operational base and Climate Tech Lab in Abu Dhabi. This state-of-the-art facility will serve as a hub for research and development, driving forward both companies’ commitment to environmental sustainability. This facility will also mobilize the creation of tailored climate and weather solutions that leverage over 100 petabytes of geophysical data assets.
Peng Xiao, Group CEO of G42, said, “This initiative with NVIDIA is a testament to our commitment to applying AI in ways that not only innovate but also solve critical global challenges. Establishing the Earth-2 Climate Tech Lab in Abu Dhabi allows us to leverage our unique capabilities and insights to foster a sustainable future for the world.”
In addition to fostering innovation in climate technology, the initiative will focus on building a robust framework for integrating enhanced weather prediction capabilities with comprehensive data metrics and visualization. This will assist organizations worldwide in achieving their sustainability goals through well-informed, data-driven environmental strategies.
“Our collaboration with G42 marks a pivotal step toward harnessing AI to understand and predict climate phenomena with unprecedented accuracy,” said Jensen Huang, founder and CEO of NVIDIA. “The Earth-2 Climate Tech Lab will propel environmental solutions using the most advanced accelerated computing and AI technology to benefit millions of people around the world.”
By uniting G42’s AI expertise with NVIDIA’s computational acumen, this partnership aims to deliver transformative climate solutions that combine scientific accuracy with real-world applicability, driving impactful change across industries and ecosystems.
About G42
G42 is a technology holding group, a global leader in creating visionary artificial intelligence for a better tomorrow. Born in Abu Dhabi and operating worldwide, G42 champions AI as a powerful force for good across industries. From molecular biology to space exploration and everything in between, G42 realizes exponential possibilities, today. To know more visit www.g42.ai.
Media contactsMedia and PR Team, [email protected]

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GEEKOM releases a perfect mini PCs with dual 2.5Gbps Ethernet ports – GEEKOM GT1 MEGA

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TAIPEI, Sept. 20, 2024 /PRNewswire/ — GEEKOM, a Taiwanese tech company also known as the Green Mini PC Global Leader, recently released a strong lineup of flagship mini PCs with Intel Core Ultra processors and dual Ethernet ports, making it possible for users to enjoy impeccable performance and superb networking functionalities at the same time.

One of these mini PCs is the GEEKOM GT1 Mega, which employs a beautiful aluminum chassis with plenty of I/O, including two full-function 40Gbps USB4 Type-C, six USB Type-A, 2 HDMI2.0, a 3.5mm audio jack, an SD card reader and dual Ethernet ports. The two Ethernet jacks are both of 2.5Gbps standard, which not only delivers high-speed and reliable internet connection for people’s daily computing chores, but also enables the mini PC to serve more sophisticated networking functionalities as a soft router, a virtual machines, a hardware firewall, or even a home server. Besides, dual Ethernet ports can separate internal and external network connections, providing logical and physical separation of trusted and untrusted network traffic and keeping data safe from potential cyber-attacks.
The GT1 Mega is powered by Intel’s latest and smartest Core™ Ultra processor (up to CoreTM U9-185H) and dual-channel DDR5-5600MHz RAM. Thanks to the new CPU, GPU, and NPU three tier multi-processing architecture, the mini PC is ready to harness the superpowers of Artificial Intelligence. It is compatible with more than 500 AI models across 20+ categories and supports high-performance low-power processing in a wide range of computing scenarios, which include enhancing facial features and blurring the background during video calls, removing the vocals from songs to create karaoke tracks, and generating large-scale images based on texts or voice commands. Basically, the GT1 Mega allows users to finish tasks that used to take hours or even days through only a few keystrokes!
The GEEKOM GT1 Mega,is now available on GEEKOM’s official website.
Photo – https://mma.prnewswire.com/media/2508472/image_5019393_24175809.jpg 

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Lucinity Partners with Sift for Unified Fraud and AML Case Management

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SAN FRANCISCO, Sept. 19, 2024 /PRNewswire/ — Lucinity and Sift have announced a partnership, unifying fraud and Anti-Money Laundering (AML) into Lucinity’s integrated FinCrime compliance platform for case management, agent-enabled workflow automation, and Generative AI.

Sift is an AI-powered fraud platform securing digital trust for leading global businesses. Its Global Data Network analyzes more than 1 trillion events and identity signals per year to prevent fraud across the entire consumer journey. Lucinity and Sift formed this new partnership to address the challenges of fragmented fraud and AML systems, aiming to centralize and enhance financial crime investigations.
Sift’s AI-powered solution will now be integrated into Lucinity’s platform. This collaboration enhances Lucinity’s ability to provide a seamless and efficient compliance solution. It allows teams to review and manage fraud alerts more effectively through Lucinity’s unified Case Management system, thanks to the native integration between the systems. Key benefits to Lucinity’s users include:
Real-Time Fraud Screening: Payments are screened for potential fraud in real time, utilizing Sift’s fraud detection capabilities.Automatic Payment Holds: Payments suspected of fraud are temporarily held, ensuring verification before processing.Streamlined Reviews: Compliance teams can conduct thorough reviews of flagged payments within Lucinity’s Case Management solution.Risk Level Adjustments: Fraud detection parameters can be customized to adjust sensitivity levels, adapting to emerging fraud trends and risk appetites.This partnership also enables users to leverage Lucinity’s Generative AI capabilities through the Luci copilot to investigate fraud cases more efficiently.
Udi Nessimyan, President and Chief Revenue Officer of Lucinity, comments, “One of the greatest challenges in fighting financial crime is fragmented systems and data. Our partnership with Sift helps address this challenge by providing a centralized platform for various case types, including AML, fraud, sanctions, and ad hoc cases. Our collaboration significantly enhances the productivity of investigation teams, reducing the time spent on cases from hours to minutes.”
Sift’s Chief Marketing Officer, Armen Najarian, emphasizes the collaborative effort to enhance financial crime prevention, stating, “Cybercriminals are increasingly leveraging AI to bypass traditional anti-money laundering and fraud controls, creating sophisticated and dynamic threats. To combat these evolving risks, companies must adopt a ‘fight fire with fire’ approach by leveraging AI-powered solutions. Through Sift’s partnership with Lucinity, businesses can stay ahead of fraudsters, ensuring robust protection against abuse and enabling fearless growth.”
About Sift: https://sift.com About Lucinity: https://lucinity.com
Media contact:Celina [email protected] +354 792 4321

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