Artificial Intelligence
Chairman of the Board Of Avia Solutions Group Gediminas Ziemelis: An Overview of the Aviation Industry in 2021
In light of the critical challenges posed by the COVID-19 pandemic, global airlines have continued to implement and adapt to fast-paced changes that have ensued in the international aviation industry.
The ICAO has worked alongside other industry players to develop strategies for monitoring and managing the associated impacts of the pandemic. This has enabled the industry to maintain a close watch on the COVID-19 associated impacts across the different sectors.
Throughout 2021, the passenger business segment in most airlines has continued to report low returns. Prominently, the industry has noted a decline in the rate of passenger travel, with the global Revenue Passenger Kilometers (RPK) dropping to 26% in 2021 compared to the 50% RPK value for the year 2020.
In comparison, the demand for private jet charters has continued to increase dramatically. More people consider private travel as a flexible, unrestrictive, and low-risk alternative to commercial airlines. Available reports indicate that the demand for charter travel has increased by over 53.5% to reach a new record high of 4.2 million private jet flights this year.
Against expectations, the air cargo business has remained a strong foothold for many airlines in 2021, reporting a remarkable 13.1% growth in global Cargo Tonne Kilometers (CTK). This figure has surpassed the World Trade Organisation projections, which estimated an 8% increase in world trade from the aviation sector in 2021.
The air cargo business has also gained from unusual situations, such as the one experienced in the Suez Canal on April 2021. Following the blockage of the canal, the resulting stranding in the waterway disrupted global supply chains by halting the movement of goods between the trade hubs in Middle Eastern Countries, Asia Pacific, and Europe. This raised the demand for air cargo services as the market looked for alternatives to deal with the resulting stranding and delays.
In another industry development, Airline companies like Qantas and British Airways have decommissioned some of their iconic aircraft from service. This move has stemmed from the need to offset sustained financial losses by reducing spending on maintenance and storage. Affected aircraft include older classic models such as Airbus A320s, B757s and B767s.
Meanwhile, large airlines exit 2021 as the best performers in comparison to their smaller counterparts. While large airlines have implemented mechanisms to offset sustained revenue losses, smaller airlines have remained with no other option than to rely on government cash infusions to stay alive.
The estimated government spending in the global aviation sector since the start of COVID-19 through the last quarter of FY2021 stands at $180 billion. However, some stakeholders assert that increased government support for airline companies has created an unfair playing field in the aviation industry.
While underlying fundamentals have remained weak throughout the year, the aviation industry has not experienced any major mergers or acquisitions in 2021. This is a positive signal that global airlines are gradually coming out of the COVID-19 crisis and are no longer considering “integration deals” as a last resort to remain afloat.
Given the financial damage caused by COVID-19, the aviation industry cannot ignore the cost implications of the pandemic on the human factor – its workers.
Some airport-based workers and pilots have had their working hours reduced, others furloughed, and some have lost their livelihoods completely through layoffs. Reported data indicate that over 58.5% of airport-based workers in Europe have lost their jobs in the past year due to the ongoing crisis.
The industry has also experienced accelerated digitisation, with global airlines actively pursuing technology-supported innovations. Artificial Intelligence (AI) and Augmented Reality (AR) technologies have been critical in optimising airline operations. Currently, over 97.2% of airlines aim for big data and AI, with 76.6% capitalising on these technologies to develop cognitive learning initiatives.
Aviation companies have moved away from legacy infrastructure and begun to adopt cybersecurity systems and hybrid cloud infrastructures. These technologies have provided new ways of addressing persistent security risks, reducing inefficiencies in data processing and management, increasing agility, and building high-performance systems.
Furthermore, the aviation industry has moved towards integrated and Aerosafe training methods. Today, there is an increased emphasis on online training through Zoom and Google Classrooms with current figures indicating more than a dozen online classes compared to less than five two years ago.
The sustainability issue has remained at the centre of ongoing negotiations among aviation stakeholders. The pandemic has imposed more pressure on airline companies to keep up with the greening journey to achieve the sustainability agenda. Primarily, the industry has focused on decarbonising the aviation sector and promoting green technology investments.
Looking to the future, global airlines anticipate an optimistic recovery scenario despite current uncertainties that have engulfed the entire aviation industry. IATA predicts that the industry will continue to witness losses of up to $12 billion in 2022, a 78% drop from the losses incurred this year due to the COVID-19-related effects.
Industry experts, however, fear that should the COVID-19 crisis prolong, this may culminate in the entrenchment of habits, promoting alternatives to air travel such as virtual business practices. These practices may further complicate the recovery processes.
On the plus side, COVID-19 adversity has compelled airline companies to innovate, accelerate their efforts towards sustainability, and think creatively, which, if done correctly can ultimately translate to improved performance, greater transparency, and increased profitability.
Artificial Intelligence
Clinical Trials Matching Software Market Projected to Reach $832.56 million by 2030 – Exclusive Report by 360iResearch
PUNE, India, April 18, 2024 /PRNewswire/ — The report titled “Clinical Trials Matching Software Market by Functionality (Analytics & Reporting, Compliance Tracking, Data Management), Deployment (Cloud & Web Based, On-Premise), End-Use – Global Forecast 2024-2030” is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $342.20 million in 2023 to reach $832.56 million by 2030, at a CAGR of 13.54% over the forecast period.
“The Global Surge in Adoption of Matching Software for Enhanced Participant Enrollment”
Clinical trials matching software stands at the forefront of revolutionizing clinical research by automating the process of identifying and enrolling eligible participants. These platforms offer a streamlined approach to match patient health profiles with trial requirements, accelerating enrollment and supporting the shift toward personalized healthcare using these advanced AI and ML technologies. Although integrating these systems poses challenges due to variations in healthcare IT infrastructure and the imperative for rigorous data security, the potential for market growth is substantial. In the Americas, a robust clinical trials ecosystem thrives; in the European Union, it has unified regulatory standards and extended to emerging regions such as the Middle East, Africa, and the APAC countries; the demand for such innovative solutions is on a steep rise. This demand is fueled by governmental support, the evolving regulatory landscape, and strategic partnerships to embed these solutions within electronic health records, underscoring a global movement toward optimizing clinical trial processes to better cater to specific patient demographics.
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“The Rise of Virtual Trials and Advanced Matching Software”
The healthcare landscape is witnessing a transformative shift toward virtual clinical trials, fueled by technological advancements and the necessity for continuity during the COVID-19 pandemic. This transition supports research amid social distancing measures and introduces significant cost savings by reducing the need for physical infrastructure and in-person interactions. The efficiencies brought by electronic health records (EHR), wearable technologies, and automation streamline the entire process, from patient recruitment to data analysis. Several approaches, endorsed by regulatory bodies such as the FDA, represent a leap forward in making clinical trials more accessible and streamlined, ensuring that more patients can participate in potentially life-saving research without the geographical and logistic constraints of traditional trials.
“Enhancing Clinical Trials through Advanced Analytics, Rigorous Compliance, and Precision-Patient Matching”
Integrating advanced analytics, meticulous compliance monitoring, and precision-patient matching marks a significant advancement toward maximizing efficiency and fostering trial diversity. The software delivers insightful data on trial progress, participant demographics, and enrollment figures, empowering stakeholders to make well-informed decisions and optimize resource distribution to meet trial goals effectively by implementing cutting-edge analytics. The built-in compliance feature ensures trials are conducted in strict adherence to regulatory standards, minimizing risks associated with non-compliance. Furthermore, a robust data management system guarantees the integrity and availability of clinical trial data, which is critical for the seamless operation and real-time analysis of trials. The software includes state-of-the-art patient matching technology, which employs sophisticated algorithms and artificial intelligence to expedite recruitment by accurately identifying candidates who match specific trial requirements. This innovative approach accelerates the recruitment timeline and enhances the diversification of trial participants, paving the way for more inclusive and representative clinical research outcomes.
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“Medidata by Dassault Systèmes SE at the Forefront of Clinical Trials Matching Software Market with a Strong 11.30% Market Share”
The key players in the Clinical Trials Matching Software Market include International Business Machines Corporation, Science 37, Inc. by eMed, LLC, Medidata by Dassault Systèmes SE, AutoCruitment LLC, Deep 6 AI Inc., and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.
“Introducing ThinkMi: Revolutionizing Market Intelligence with AI-Powered Insights for the Clinical Trials Matching Software Market”
We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Clinical Trials Matching Software Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Clinical Trials Matching Software Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.
Ask Question to ThinkMi @ https://app.360iresearch.com/library/intelligence/clinical-trials-matching-software
“Dive into the Clinical Trials Matching Software Market Landscape: Explore 190 Pages of Insights, 286 Tables, and 22 Figures”
PrefaceResearch MethodologyExecutive SummaryMarket OverviewMarket InsightsClinical Trials Matching Software Market, by FunctionalityClinical Trials Matching Software Market, by DeploymentClinical Trials Matching Software Market, by End-UseAmericas Clinical Trials Matching Software MarketAsia-Pacific Clinical Trials Matching Software MarketEurope, Middle East & Africa Clinical Trials Matching Software MarketCompetitive LandscapeCompetitive PortfolioInquire Before Buying @ https://www.360iresearch.com/library/intelligence/clinical-trials-matching-software
Related Reports:
Clinical Trial Support Services Market – Global Forecast 2024-2030Virtual Clinical Trials Market – Global Forecast 2024-2030Clinical Trials Management System Market – Global Forecast 2024-2030About 360iResearch
Founded in 2017, 360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset — our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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BOSTON, April 18, 2024 /PRNewswire/ — The RepTrak™ Company, the world’s leading reputation data and insights company, released its annual Global RepTrak 100 report. Utilizing its advanced reputation monitoring software, RepTrak gathered data from more than 243,000 survey responses across 14 major economies to rank the world’s 100 most reputable companies. They share that ranking alongside a full analysis of global corporate reputation trends and corresponding public sentiment in the 2024 report.
After two years of consecutive Reputation Score declines, this year’s Score is back up with an increase from 73.2 in 2023 to 73.8 in 2024. It’s a small increase after 2023’s full one-point drop. However, it’s an encouraging sign that companies have begun to recover from reputation falls driven by many challenges: macroeconomic issues, workplace difficulties, product problems, and corporate responsibility skepticism.
“This year’s report underscores a pivotal shift in the corporate landscape, spotlighting the remarkable adaptability and dedication of the Top 100 companies in responding to the dynamic needs of stakeholders,” states RepTrak CEO Mark Sonders. “The companies featured in our report are not just riding the wave of change; they are the ones steering it, proving that the best approach to business is one that embraces evolution and champions progress.”
RepTrak’s report explores how people thought, felt, and acted toward companies over the past year. Findings include notable increases in Conduct and Citizenship efforts, stakeholders’ rising willingness to invest, culturally resonant brand communications, and ESG Scores that soared despite skepticism around the acronym.
To read the full 2024 Global RepTrak 100 report, please visit: www.reptrak.com/globalreptrak
About RepTrak
The RepTrak™ Company is the world’s leading reputation data and insights company. We help companies by organizing and grading a variety of reputational elements, offering a real-world report card on their corporate reputation. Subscribers to the RepTrak program use our predictive insights to protect business value, improve return on investment, and increase their positive impact on society. RepTrak’s pairing of advanced metrics and dedicated reputation advisors offers clients an actionable analysis of their reputation data, aligning business objectives with stakeholder sentiment across different markets and sectors.
Established in 2004, The RepTrak Company owns the world’s largest reputation benchmarking database, gathering over 1 million company ratings per year used by CEOs, boards, and executives in more than 60 countries worldwide. For more information, please visit: www.reptrak.com
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Artificial Intelligence
Group-IB takes part in a global operation to cripple Canadian Phishing-as-a-Service provider LabHost
SINGAPORE, April 18, 2024 /PRNewswire/ — Group-IB, a leading cybersecurity company aimed at investigating, preventing, and fight digital crime announced today that it participated in a coordinated global takedown operation against prominent Canadian Phishing-as-a-Service (PhaaS) provider LabHost, which has led to the arrest of 37 suspects across the United Kingdom and around the world by law enforcement agencies. As part of the operation, Group-IB also conducted an extensive analysis of LabHost’s criminal history and infrastructure, including insights into LabHost’s administrative platform and the services it provides to its purported user base which exceeds 2,000 subscribers worldwide, who illegally obtained around 480,000 card numbers, 64,000 pin numbers, and over 1 million passwords from victims used for websites and other online services, according to law enforcement agencies.
“By leveraging our Threat Intelligence and Digital Risk Protection, we are able to identify and monitor phishing attacks and websites like those deployed by LabHost and its subscribers around the world, enabling us to actively alert and protect our customers, and in turn, their customers as well,” said Dmitry Volkov, Chief Executive Officer of Group-IB. “Today’s takedown operation demonstrates the agility and responsiveness of our decentralized Digital Crime Resistance Centers, and how quickly we can provide immediate and local assistance wherever our customers may be.”
First uncovered in late 2021, LabHost emerged as a fully automated Phishing-as-a-Service (PhaaS) platform, streamlining the creation of phishing websites meticulously mirroring the interface and functionality of prominent banking, postal, and financial entities, aimed at intercepting, seizing, and profiting from users’ personal, credit card, and online banking credentials. Users are prompted to select from various “membership plans,” tailored to target businesses and individuals in either the United States and Canada, or globally, akin to mobile subscription models. These plans encompass “standard,” “premium,” and “world membership” tiers, priced between US$179 and US$300 monthly, with options for monthly, quarterly, or annual billing cycles.
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