(Association of the United States Army Conference) — In an era of constant technological advances, defense agencies are falling short of battlefield expectations when it comes to military communications technologies, according to a study released by Government Business Council (GBC), the research division of Government Executive Media Group, in partnership with Viasat Inc., a global communications company. Based on a survey of over 300 U.S. active military and Department of Defense (DoD) participants across the nation, this study investigated the role of military connectivity and evaluated the practicality and effectiveness of U.S. military communications technologies.
“Our survey reveals an alarming number of defense professionals who lack basic levels of connectivity needed to accomplish their objectives,” said Daniel Thomas, director of the Government Business Council. “Respondents are vocal that changes must be made to the acquisition front and center, to keep pace with commercial innovations and equip users with vital battlefield capabilities. This is a clarion call to military leadership across the board.”
Among others, key findings from the study include:
- Expectations of connectivity on the battlefield are high, but largely unmet
68% of survey respondents say they expect the same level of connectivity and access to trusted and timely information on the battlefield as they get in the civilian world. However, less than half of respondents (46%) feel they have the level of connectivity needed to successfully execute their mission objectives. And 98% of respondents say they are disrupted to a point where they are left with a complete loss of connectivity on the battlefield.
- At risk of falling behind new threats
Only 27% of respondents believe the DoD’s budget priorities for communications technology allow the U.S. to effectively keep pace with escalating geopolitical threats.
- Organizations are facing significant barriers to network modernization efforts
Respondents noted that the three biggest challenges facing their organizations’ network modernization efforts are an inability to keep pace with commercial technology, procurement inefficiencies and limited funding. 70% of respondents feel that adopting new acquisition processes would allow their organization to update technologies at the speed of relevance.
- Emerging cloud-based systems, artificial intelligence and machine learning capabilities will be critical to future mission success
Over 60% of respondents agree cloud-enabled technologies will play an increasingly significant role in enhancing and accelerating the U.S. military’s decision-making capabilities. In addition, 81% of respondents agree it’s critical for U.S. military forces to have access to a modernized end-to-end satellite and terrestrial networks to make cloud-enabled technologies and the Internet of Battlefield Things a reality across the battlespace.
From a partner perspective, Viasat believes senior leaders in the DoD are beginning to recognize this acquisition problem. These leaders are turning their focus toward transforming the status quo by adapting the DoD acquisition process and culture to address this issue and enhance technological capabilities across the battlespace. However, the State of Military Communications study findings illustrate much more needs to be done to ensure that battlefield communications technology is up to the challenge of assuring resilient, secure connectivity in the most demanding, high pressure situations and to provide the capabilities needed to deter complex, escalating, multi-dimensional threats from near-peer adversaries.
“The State of Military Communications survey, a first of its kind study, indicates the compelling need for enhanced communications technology to be delivered to our military forces on a much faster timeline so that warfighters have the same connectivity during their deployment as they have at home,” said Ken Peterman, president, Government Systems, Viasat. “Acquisition models must adapt to better leverage private sector technology, so that military connectivity can keep pace with accelerating private sector technology trajectories. By increasingly leveraging private sector capabilities in the vital technology sectors of satellite communications, tactical networking, cybersecurity and cloud-based systems, the DoD can maintain information dominance at the tactical edge, which is crucial to mission success across the current and future technology driven battlespace.”
SOURCE Viasat, Inc.
Healthcare Virtual Assistant Market To Reach USD 2.83 Billion By 2027 | Reports and Data
New York, Aug. 10, 2020 (GLOBE NEWSWIRE) — According to the current analysis of Reports and Data, the Global Healthcare Virtual Assistant Market was valued at USD 397.2 million in 2019 and is expected to reach USD 2830.1 million by the year 2027, at a CAGR of 27.2%. Virtual assistant devices take care of patients’ needs as well as record the health condition of the patient, and therefore, are widely used in surgical interventions and assist doctors in the operating rooms. Voice technology is significantly used in various digital assistants. It exploits embedded analytics aa well as designed smart workflows that produce dynamic responses. A virtual assistant can have multiple uses, such as organizing huge data avoiding paperwork, provide online billing services, provide continuous patient monitoring, and various other applications.
The rising number of smartphone users across the globe is expected to be a major industry driver. Also, the growing use of mobile applications may contribute to the growth of the industry in the forecast period. The growing need to improve the healthcare expenditure and rising technological advancements in various regions may propel the market widely in the future. Furthermore, the increasing conditions of chronic diseases such as diabetes, cardiac diseases, and others may trigger the industry in the future.
Various technological tools such as voice technology and multi-language support may produce growth opportunities for new entrants in the market. The high cost of virtual assistants could be a major factor hampering the growth of the market.
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Covid-19 Impact Analysis
To work efficiently together with following the social distancing norms, sectors such as Healthcare information systems, telemedicine, and artificial intelligence solutions, such as Healthcare Virtual Assistant, are predicted to considerably contribute while responding to the COVID-19 pandemic and address constantly evolving challenges. Usage of artificial intelligence is a cost-saving measure that can significantly reduce the disease burden on healthcare professionals and hospitals, while simultaneously providing optimum solutions to the patient’s queries, and health guidelines especially to covid-19 patients. Thus, the Healthcare Virtual Assistant Market might grow potentially in the forecast period owing to its efficient characteristics of bridging the gap between the health systems, patients, and healthcare professionals.
Further key findings from the report suggest
- Various innovative systems are being launched into the industry that may propel the market in the future. For instance, in November 2019, Orbita, a leading provider of healthcare artificial intelligence platform, announced the launch of its product called OrbitaASSIST. The product is an award-winning AI-driven virtual assistant, which is capable of directing the basic needs of the patient to the nurse of caretakers.
- Virtual healthcare assistant deployment at a larger scale is a focus area for the existing market players. In May 2020, Infermedica, a Polish startup, collaborated with the global leader Microsoft thus enabling medical organizations to form and deploy virtual healthcare assistants at a larger scale with the Microsoft Healthcare Bot. The tool powered by Infermedica’s technology aids in reducing the access load on healthcare systems used by several leading health organizations, including Premera Blue Cross and Aurora Health Care.
- Several inorganic growth strategies are prevalent in the industry, aimed to enhance the market position. In line with this, in January 2019, MEDITECH, a leading provider of Electronic Health Record (HER) Solutions, collaborated with Nuance Communication Inc., for the integration of Nuance’s Dragon Medical Virtual Assistant with MEDITECH’s EHR solution Expanse. The integrated Virtual Assistant-enabled workflows will allow physicians to work efficiently and focus more on the patient experience.
- Product launches remains a key strategy to expand Healthcare Virtual Assistant capabilities and features. In 2018, Nuance launched a product Dragon Medical One, which is a cloud-based speech recognition platform that captures the patient’s entire condition at the point of care efficiently and quickly.
- Startups and emerging companies are engaged in product innovations. For instance, in 2018, UCB, a biopharmaceutical company in collaboration with Verint Systems, introduced a UCB’s PD Coach App, which was patented and conversational virtual health.
- Geographically, the North American segment occupied the largest share, followed by Europe. The North American market is primarily driven by technological advancements in the region and increased government funding. The Asia Pacific region is expected to be the fastest-growing segment owing to the rising healthcare setups in the region.
- Key participants in the market include Amazon, eGain Corporation, Nuance Communications Inc., Infermedica, Sensly, Kognito Solutions LLC, Verint Systems Inc, HealthTap Inc., Microsoft, and Babylon Healthcare Services Ltd.
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For the purpose of this report, Reports and Data has segmented the Healthcare Virtual Assistant Market on the basis of product, user interface, end-use, and region:
By Product Outlook (Revenue in Million USD; 2017–2027)
- Smart Speakers
By User Interface Outlook (Revenue in Million USD; 2017–2027)
- Automatic Speech Recognition
By End-Use Outlook (Revenue in Million USD; 2017–2027)
- Healthcare Providers
- Healthcare Payers
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/healthcare-virtual-assistance-market
Regional Outlook (Revenue in Million USD; 2017–2027)
- North America
- Rest of the Europe
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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iCAD to Participate in the Guggenheim MedTech Disruptors Summit
NASHUA, N.H., Aug. 10, 2020 (GLOBE NEWSWIRE) — iCAD, Inc. (NASDAQ: ICAD), a global medical technology leader providing innovative cancer detection and therapy solutions, today announced that Michael Klein, Chairman and Chief Executive Officer, will present a corporate overview at the Guggenheim MedTech Disruptors Summit, taking place virtually on August 10-11, 2020.
Date: August 11, 2020
Time: 3:00pm Eastern Time
About iCAD, Inc.
Headquartered in Nashua, NH, iCAD is a global medical technology leader providing innovative cancer detection and therapy solutions.
ProFound AI™ is a high-performing workflow solution for 2D and 3D mammography, or digital breast tomosynthesis (DBT), featuring the latest in deep-learning artificial intelligence. In 2018, ProFound AI for Digital Breast Tomosynthesis (DBT) became the first artificial intelligence (AI) software for DBT to be FDA-cleared; it was also CE marked and Health Canada licensed that same year. It offers clinically proven time-savings benefits to radiologists, including a reduction of reading time by 52.7 percent, thereby halving the amount of time it takes radiologists to read 3D mammography datasets. Additionally, ProFound AI for DBT improved radiologist sensitivity by 8 percent and reduced unnecessary patient recall rates by 7.2 percent.i
The Xoft System is FDA-cleared, CE marked and licensed in a growing number of countries for the treatment of cancer anywhere in the body. It uses a proprietary miniaturized x-ray source to deliver a precise, concentrated dose of radiation directly to the tumor site, while minimizing risk of damage to healthy tissue in nearby areas of the body.
Jessica Burns, iCAD
Jeremy Feffer, LifeSci Advisors
i Conant, E. et al. (2019). Improving Accuracy and Efficiency with Concurrent Use of Artificial Intelligence for Digital Breast Tomosynthesis. Radiology: Artificial Intelligence. 1 (4). Accessed via https://pubs.rsna.org/doi/10.1148/ryai.2019180096
CRM Market to Reach USD 113.46 Billion by 2027; Increasing Investments in Integration of Advanced Concepts to Aid Growth, says Fortune Business Insights™
Pune, Aug. 10, 2020 (GLOBE NEWSWIRE) — The global customer relationship management market size is projected to reach USD 113.46 billion by the end of 2027. The integration of advanced concepts such as AI and IoT will emerge in favor of growth of the overall market in the coming years. According to a report published by Fortune Business Insights, titled “Customer Relationship Management (CRM) Market Size, Share & COVID-19 Impact Analysis, By Component (Software, Services), By Deployment (On-Premises, Cloud), By Enterprise Size (Large Enterprises, SMEs), By Application (Marketing and Sales Automation, Customer Management, Lead Generation and Customer Retention, Customer Support and Contact Centre, Others), By Vertical (Banking, Financial Services and Insurance (BFSI), Manufacturing, IT and Telecommunications, Retail and Consumer Goods, Healthcare, Transportation and Logistics, Others) and Regional Forecast, 2020 – 2027,” the market was worth USD 47.79 billion in 2019 and will exhibit a CAGR of 11.6% during the forecast period, 2020-2027.
Customer relationship management is a platform that helps organizations and businesses manage their relationships with the customers as well as other businesses. The increasing adoption of software as a service across numerous industry verticals will create several growth opportunities for the companies operating in the CRM market. The availability of open source as well as low cost cloud platforms will lead to a wider product adoption across the world. The presence of several large scale vendors will contribute to the growth of the market in the coming years. The increasing investments in development of advanced CRM and the efforts put in to integrate latest concepts such as artificial intelligence and IoT will emerge in favor of market growth. The ability of a customer relationship management to simplify business management and operations will bode well for the growth of the market in the coming years.
Adoption of CRM Solutions has Risen During the Covid-19 Pandemic
The recent coronavirus outbreak has created a huge panic among people as well as businesses across the world. Accounting to the rapid spread of the disease, governments have enforced strict lockdowns and advised social distancing practices. As a result, several businesses have been forced to shut down. Several businesses have implemented work from home policies. It is observed that CRM software have helped these organizations function seamlessly. Thus, the CRM market will benefit from the ongoing Covid-19 pandemic.
To get to know more about the short-term and long-term impact of COVID-19 on this market,
Increasing Number of Company Collaborations will Emerge in Favor of Market Growth
The recent encompasses several factors that have contributed to the growth of the overall market in the coming years. Among all factors, the increasing number of company mergers and acquisitions has had the highest impact on market growth. Accounting to the massive potential held by CRM in the IT sector, corporate businesses are looking to collaborate with CRM vendors across the world. In November 2017, Adobe Inc. announced that it has collaborated with Microsoft Corporation. The companies stated that this collaboration was aimed at the development of an integrated customer relationship management and content management solution. The companies will look to combine the resources of both the organizations, with a bid to enhancing the operational performance of the CRM solution. Adobe Marketing will be used in tandem with Microsoft Dynamics 365; a step that will help the companies acquire a wider consumer base in the long run. This collaboration will not just benefit the companies but will also aid the growth of the overall CRM market in the coming years.
North America to Witness Considerable Growth; Increasing Product Adoption by Major Companies in this Region will Bode Well for Market Growth
The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The increasing use of these solutions by large scale companies, especially in the United States will emerge in favor of growth of the regional market. As of 2019, the market in North America was worth 15.84 billion and this value is projected to increase at a considerable pace in the coming years. The market in Europe will derive growth from the presence of several large scale CRM vendors in countries such as Germany, UK, and France.
List of the Leading Companies Operating in the Customer Relationship Management (CRM) Market are:
- Copper CRM, Inc. (San Francisco, California)
- Creatio (Boston, Massachusetts)
- Freshworks, Inc. (California, United States)
- HubSpot, Inc. (Massachusetts, United States)
- Infor, Inc. (New York, United States)
- Infusion Software, Inc. (Keap) (Arizona, United States)
- Insightly, Inc. (California, United States)
- Microsoft Corporation (Washington, United States)
- Oracle Corporation (California, United States)
- Pipedrive (New York, United States)
- Salesforce.com, Inc. (California, United States)
- SAP SE (Walldorf, Germany)
- SugarCRM (California, United States)
- Teamgate.com (London, United Kingdom)
- Zoho Corporation Pvt. Ltd. (Tamil Nadu, India)
July 2019 – Pipedrive, announced that it will be adding AI capabilities to its existing CRM software. Through the integration of AI, Pipedrive will look to enhance its CRM solutions and subsequently acquire a wider consumer base.
CRM Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/103418
Detailed Table of Content
- Definition, By Segment
- Research Methodology/Approach
- Data Sources
- Executive Summary
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- Porter’s Five Force Analysis
- Global Customer Relationship Management (CRM) Market Share Analysis and Matrix, 2019
- Key Market Insights and Analysis, By Segments
- Global Customer Relationship Management (CRM) Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- By Component (Value)
- By Deployment (Value)
- By Enterprise Size (Value)
- Large Enterprises
- By Application (Value)
- Marketing and Sales Automation
- Customer Management
- Lead Generation and Customer Retention
- Customer Support and Contact Centre
- Others (Social Media Management, CRM Analytics, etc.)
- By Vertical (Value)
- Banking, Financial Services and Insurance (BFSI)
- IT and Telecommunications
- Retail and Consumer Goods
- Transportation and Logistics
- Others (Government, Media and Entertainment, Education, Etc.)
- By Region (Value)
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
- By Component (Value)
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