‘Justice Intelligence’ Startup Darrow Expands Plaintiff-Finding Service to Mass Arbitrations
On Wednesday, New York and Tel Aviv-based legal tech startup Darrow announced the addition of mass arbitration to its PlaintiffLink service. Publicly launched in February 2024, PlaintiffLink helps firms connect with and review potential plaintiffs for cases. The development and expansion of PlaintiffLink was likely supported in part by the startup’s $35 million Series B funding round, which it announced in September 2023.
Marketing itself as a justice intelligence platform, Darrow essentially looks to be a business development tool for litigation teams. Some of its offerings use generative AI to analyze and scan public data, such as SEC filings and consumer complaints, to find viable class action and litigation opportunities.
‘Justice Intelligence’ Startup Darrow Expands Plaintiff-Finding Service to Mass Arbitrations
On Wednesday, New York and Tel Aviv-based legal tech startup Darrow announced the addition of mass arbitration to its PlaintiffLink service. Publicly launched in February 2024, PlaintiffLink helps firms connect with and review potential plaintiffs for cases. The development and expansion of PlaintiffLink was likely supported in part by the startup’s $35 million Series B funding round, which it announced in September 2023.
Marketing itself as a justice intelligence platform, Darrow essentially looks to be a business development tool for litigation teams. Some of its offerings use generative AI to analyze and scan public data, such as SEC filings and consumer complaints, to find viable class action and litigation opportunities.
The rise in electronic health records (EHRs) and the integration of big data analytics in healthcare have further propelled the adoption of BI solutions.
Pune, Aug. 14, 2024 (GLOBE NEWSWIRE) — Healthcare Business Intelligence Market Size & Share:
“According to SNS Insider Research, The Healthcare Business Intelligence (BI) Market Size was valued at US$ 9.0 Billion in 2023 and is expected to reach US$ 27.63 Billion by 2032 and grow at a CAGR of 14.0% over the forecast period 2024-2032.”
Business Intelligence (BI) is well-funded in the modern software-as-a-service market. BI utilizes big data to analyze various aspects of business, uncover new profit centers, and simulate potential developments. The market growth is driven by the increasing number of patient registries, as well as technological advancements in the pharmaceutical sector. An article published by Frontiers in August 2022 highlights patient registries as a crucial data source for healthcare practices, drug utilization, and clinical outcomes. Patient registries provide epidemiological data, and standards of care, and help in overcoming patient confidentiality issues, particularly for rare diseases. This anticipated growth in patient registries is also expected to drive the uptake of health business intelligence.
The healthcare BI market is growing rapidly due to the government’s initiative to increase the adoption of Electronic Health Records (EHR) and the proliferation of patient registries along with big data usage in healthcare. According to an article published by the Biomedical Journal of Scientific & Technical Research in 2021, the government is digitalizing healthcare services by incorporating EHR for better patient data management and to facilitate coordination among healthcare providers. The government is also introducing national-level policies, such as the National Digital Health Blueprint, to ensure a single digital health record across India. Additionally, institutions like Tata Memorial Hospital and Max Hospitals Private Limited have implemented electronic medical records (EMR) systems and plan to transition to EHR systems. The widespread implementation of BI across the healthcare industry, alongside its associated benefits, is expected to further drive market expansion.
Get a Sample Report of Healthcare Business Intelligence (BI) Market@ https://www.snsinsider.com/sample-request/2089
Major Players Listed in this Report are:
Healthcare Business Intelligence (BI) Market Report Scope:
Report Attributes
Details
Market Size in 2023
US$ 9.0 Billion
Market Size by 2032
US$ 27.63 Billion
CAGR
CAGR of 14.0% From 2024 to 2032
Base Year
2023
Forecast Period
2024-2032
Historical Data
2020-2022
Key Regional Coverage
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America)
Key Growth Drivers
•The Increasing Integration of EHR Systems Across Healthcare Facilities Is Driving the Demand for Business Intelligence (BI) Tools that can Analyze Large Volumes of Patient Data, Improve Decision-Making, and Enhance Patient Outcomes.•The Shift Towards Value-Based Care and Personalized Medicine has Led to an Increased Focus on Healthcare Analytics. Bi Tools are Crucial in Analyzing Patient Data, Predicting Trends, And Enabling More Effective Management of Resources and Treatments.
Do you have any specific queries or need any customization research or data on Healthcare Business Intelligence (BI) Market, Make an Enquiry Now@ https://www.snsinsider.com/enquiry/2089
Segmentation Dynamics
In 2023, healthcare payers held the largest revenue share at 40%. Market growth is being driven by the increasing need to enhance provider networks, the implementation of various healthcare business intelligence (BI) tools to reduce operational costs, and rising competition among payers. Additionally, the growing emphasis on increasing memberships and minimizing fraud claims is pushing payers to adopt BI solutions to manage their operational expenses more effectively.
During the forecast period, the healthcare manufacturers segment is expected to experience significant market growth. The large number of pharmaceutical and medical device manufacturers in both developed and emerging economies has been contributing to rapid revenue generation. Meanwhile, healthcare manufacturers are increasingly turning to SaaS software to reduce maintenance and development costs, which is anticipated to further drive the market.
Furthermore, customer analytics tools such as direct marketing and Customer Relationship Management (CRM) dashboards are helping various vendors, including hospitals, government bodies, and employers’ private exchangers, to become more efficient in terms of revenue growth and cost savings. This, in turn, is expected to drive the uptake of business intelligence tools by vendors.
Healthcare Business Intelligence (BI) Market Key Segmentation:
By Component
By Mode of Delivery
On-premise
Cloud-based
Hybrid
By Application
Financial Analysis
Operational Analysis
Clinical Analysis
Patient Care
By End User
Payers
Providers
Healthcare Manufacturers
Regional Insights
North America accounted for the largest revenue share of 48% in 2023, mainly due to the increased implementation of BI solutions and services in healthcare aiming to offer enhanced patient care. The presence of large manufacturing hubs and reduced expenses are also key factors driving regional growth. Additionally, the constant upgrading of healthcare and IT infrastructure, along with increased adoption of cloud computing, has contributed to the growth. In 2023, the U.S. accounted for the highest revenue share in the North American market due to its high adoption of advanced BI technology, changing analytics protocols, easy availability of BI infrastructure, and a professional BIG data crowd.
On the other hand, Asia Pacific is expected to be the most lucrative regional market in the forecast period due to increasing awareness about BI tools among healthcare providers and organizations, driven by government initiatives. The regional market growth is also attributed to the increased penetration of mobile-based solutions and the implementation of technologically advanced BI solutions in countries including India, China, and Japan.
Recent Developments
In June 2022, Oracle Corporation acquired Cerner Corporation, a provider of health information technology services.
In January 2022, PINC AI, the technology and services platform of Premier Inc., launched its latest release called INsights. This revamped healthcare self-service solution is designed to provide personalized, on-demand analytics.
Buy a Single-User PDF of Healthcare Business Intelligence (BI) Market Analysis & Outlook Report 2024-2032@ https://www.snsinsider.com/checkout/2089
Key Takeaways
Healthcare payers had the largest market share 40% in 2023, focusing on reducing operational costs and building provider networks.
North America accounted for the largest share of revenue 48% in 2023, attributed to a mature business intelligence market and well-established healthcare infrastructure.
Growth is being driven by an increasing prevalence of chronic diseases and the need for patient-centric continuous monitoring.
Table of Contents – Major Key Points
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
6. Competitive Landscape
7. Healthcare Business Intelligence (BI) Market Segmentation, by Component
8. Healthcare Business Intelligence (BI) Market Segmentation, by Application
9. Healthcare Business Intelligence (BI) Market Segmentation, by End User
10. Healthcare Business Intelligence (BI) Market Segmentation, by Mode of Delivery
11. Regional Analysis
12. Company Profiles
13. Use Cases and Best Practices
14. Conclusion
Access Complete Report Details of Healthcare Business Intelligence (BI) Market Analysis 2024-2032@ https://www.snsinsider.com/reports/healthcare-business-intelligence-bi-market-2089
[For more information or need any customization research mail us at info@snsinsider.com]
About Us:
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company’s aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.
CONTACT: Contact Us: Akash Anand – Head of Business Development & Strategy info@snsinsider.com Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
Growth in Brand Investments Across European Football Leagues More Than Doubles in 2023-24
Single-club partnerships dominate as 88% of brands opt for exclusive deals
STAMFORD, Conn., Aug. 14, 2024 /PRNewswire/ — SponsorUnited, the leading global sports and entertainment intelligence platform—tracking over 386,000 brands, 2.1 million deals, and 17.6 million data points across sports, entertainment, media, and talent, today released its European Football Marketing Partnerships 2023–24 report.
SponsorUnited, unrivaled sponsorship data for brands and rights holders (PRNewsfoto/SponsorUnited)
Key findings include:
Significant growth in brand and sponsorship deals: The number of brand sponsors in European football grew by 22% this season, more than doubling last season’s increase. In comparison, the five major professional sports leagues in the US averaged a 10.5% increase in sponsorship deals since 2022. This impressive growth in European football was driven by a combination of new deals and improved retention of existing deals, resulting in a record-breaking total of almost 6,000 deals. This represents a 20% increase in deals from the previous season, along with an 11% decrease in churn rate of deals.
Surge in exclusive single-club partnerships: Nearly 90% of brands (88%) have signed single-club deals over multi-club partnerships, a trend evident this season with over 3,800 different brands committing to just one football club each. This is a 23% increase from last season. This trend is also led by the aforementioned categories, which together account for one third of all single-club deals. Additionally, this year Serie A and LALIGA clubs have surpassed Premier League clubs in sponsorship deals with nearly 1,500 and 1,450 deals each— emphasizing the strategic focus on deepened market penetration and fan engagement.
“The dramatic rise in European football partnerships this season underscores an evolution in the market dynamics,” said Bob Lynch, founder and CEO of SponsorUnited. “Non-traditional sectors like business services and construction are increasingly engaging with the sport, reflecting a maturation in how brands and leagues collaborate. These sectors often start with targeted, single-team investments, which can scale significantly as they realize the value of their engagements, setting the stage for long-term impacts on club and athlete partnerships.”
Most-endorsed athletes shift following major departures: With the departures of Neymar Jr., Lionel Messi, and Cristiano Ronaldo from the “Big 5” leagues, the endorsement landscape for European football athletes has dramatically shifted. Goalkeeper Guillermo Ochoa now leads with 19 endorsements; however, he is also departing the Big 5 after this season. Vinicius Junior (“Vini Jr.”) and Harry Kane follow with 17 and 16 endorsements respectively, with Vini Jr. adding the most deals (5). Son Heung-min, Robert Lewandowski, Erling Haaland, and Virgil van Dijk each have 14 endorsements. They are followed by Jack Grealish with 13 and Thomas Müller with 12.
Top growing teams showcase remarkable follower growth: The top five growing teams have significantly outpaced follower growth across all teams, with Real Madrid CF leading with an addition of 54M followers. This surge in popularity is closely tied to the presence of high-profile players such as Vini Jr., who is among the most-endorsed athletes this season. FC Bayern Munich, Liverpool, and Manchester City, which have also shown substantial increases, adding 31M, 30M, and 26M followers respectively, are home to other top-endorsed athletes like Harry Kane, Virgil van Dijk, and Erling Haaland. This trend underscores the strong correlation between a team’s social media growth and the endorsement appeal of its star players.
Coca-Cola leads sponsorship deals amid diverse brand categories: With 39 deals, Coca-Cola still leads the list of European football sponsors, followed by EA Sports (FC) (33 deals), eToro (31 deals), Sorare (25 deals), and Skechers (23 deals). When it comes to brand categories, construction remains a powerhouse with nearly 800 sponsorships—a 27% increase from last season and a 54% increase from the season before. They are followed by auto with 425 (+38%) and tech with 415 (+23%) deals.
“The increasing influence of US ownership in European football is reshaping business practices and commercial strategies across the leagues,” added Lynch. “This transatlantic investment is fostering deeper engagements with US brands, who are now more confident in entering and expanding within the European market through innovative avenues.”
View the full report here.
About SponsorUnitedLaunched in 2018, SponsorUnited is the leading global sports and entertainment intelligence platform, delivering actionable data and insights to build stronger marketing partnerships. We provide unrivaled knowledge across the sponsorship and media landscape so our clients can make impactful decisions that drive business.
With over 386,000 brands, 2.1 million deals, and 17.6 million data points across sports, entertainment, media, and talent, our SaaS database enables brands, rights holders, and agencies to partner more effectively. By delivering real-time trends, on-demand research, and the most comprehensive data available, we connect the entire sponsorship ecosystem and are rewriting the partnership playbook.
SponsorUnited was ranked on the Inc. 5000—the most prestigious list of the fastest-growing private companies in America—in both 2022, 2023, and 2024. Visit https://sponsorunited.com/ to learn more and discover exclusive data and insights to make intelligent partnership decisions at speed and scale.
CONTACT: Lisa Brown, lbrown@sponsorunited.com
Cision
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SOURCE SponsorUnited
POET Technologies Reports Second Quarter 2024 Financial Results
TORONTO, Aug. 14, 2024 (GLOBE NEWSWIRE) — POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, today reported its unaudited condensed consolidated financial results as at and for the three months ended June 30, 2024. The Company’s financial results as well as the Management’s Discussion and Analysis have been filed on SEDAR. All financial figures are in United States dollars (“USD”) unless otherwise indicated.
Second Quarter and Recent Business Highlights:
The Company announced a major design win with Foxconn Interconnect Technology (FIT) to supply 800G and 1.6T optical engines for FIT pluggable modules that address the growth in demand for cutting-edge AI applications and high-speed data center networks. FIT’s parent, Foxconn, is the world’s largest electronics contract manufacturer and a major supplier of components and assemblies.Based on the exceptional performance of modules incorporating POET’s high-speed optical engines, Luxshare Tech, a preferred supplier to Apple, announced that it is expanding its portfolio of optical modules targeted at AI networks using POET’s optical engines.POET was selected as winner of the “Best Optical AI Solution” award in the seventh annual AI Breakthrough Awards program conducted by AI Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global Artificial Intelligence (AI) market today.During the second quarter, the Company raised $15 million in equity capital in two non-brokered private placements with two institutional investors by issuing 6,706,665 Units at an average price of $2.24 per Unit. Each Unit consists of one common share and one common share purchase warrant with each warrant exercisable into one common share for a period of five years from the issue date at $3.20 per share.Through the use of its ATM facility during the month of April 2024, the Company raised gross proceeds of $7,447,000 from the issuance of 4,592,739 common shares at an average price of $1.62 per common share.Subsequent to the end of the quarter, the Company raised an additional $10 million in a non-brokered registered direct offering to a single institutional investor by issuing 3,333,334 Units at $3.00 per Unit. Each Unit consists of one common share and one common share purchase warrant with each warrant exercisable into one common share for a period of five years from the issue date at $4.00 per share.The Company’s cash balance as of June 30, 2024 was $21.3 million; as of July 31, 2024, the Company had cash and cash equivalents of approximately $28.7 million and working capital of $27 million. There are 65,596,234 issued and outstanding common shares.
Management Comments“We are gratified to have been chosen to supply our advanced high-speed integrated optical engine chips to two of the world’s largest producers of electronic and photonic components and systems serving the leading AI networks and AI network service providers,” said Dr. Suresh Venkatesan, Chairman & CEO. “We are also grateful to investors who share our confidence and optimism over the future of our Company. By raising the amount of capital that we have in the past few months, we have significantly lowered the risk to achieving sustainable revenues. Further, we were honored to be recognized by AI Breakthrough, a top market intelligence organization, as the winner of the ‘Best Optical AI Solution for 2024’. This accolade not only highlights our innovative efforts but also affirms that we are on the right track both technologically and commercially.”
Non-IFRS Financial SummaryThe Company reported non-recurring engineering revenue (“NRE”) of nil in the second quarter of 2024 compared to $177,000 for the same period in 2023 and $8,710 in the first quarter of 2024 Historically, the Company provided NRE services to multiple customers for projects utilizing the unique capabilities of the POET Optical Interposer platform. No billable NRE services were provided in Q2 2024.
The Company reported a net loss of $8.0 million, or ($0.14) per share, in the second quarter of 2024 compared with a net loss of $4.4 million, or ($0.11) per share, for the same period in 2023 and a net loss of $5.7 million, or ($0.13) per share, in the first quarter of 2024. The net loss in the second quarter of 2024 included research and development costs of $2.1 million compared to $2.0 million for the same period in 2023 and $1.9 million in the first quarter of 2024. Fluctuations in R&D for a Company of this size and this stage of growth are expected on a period-over-period basis as the Company transitions from technology development to product development.
Non-cash expenses in the second quarter of 2024 included stock-based compensation of $1.6 million and depreciation and amortization of $0.5 million. Non-cash stock-based compensation and depreciation and amortization in the same period of 2023 were $0.7 million and $0.5 million, respectively. First quarter 2024 stock-based compensation and depreciation and amortization were $0.9 million and $0.5 million, respectively. The Company had non-cash finance costs of $20,000 in the second quarter of 2024 compared to non-cash finance costs of $11,000 in the second quarter of 2023 and non-cash costs of $20,000 in the first quarter of 2024.
The Company recognized other income, including interest of $175,000 in the second quarter of 2024, compared to $57,000 in the same period in 2023 and $53,000 in the first quarter of 2024.
The Company reported non-cash fair value adjustment to derivative warrant liability of $1.4 million in the second quarter of 2024, compared to nil in the same period in 2023 and $0.6 million in the first quarter of 2024. This non-cash item relates to warrants issued in a foreign currency and is periodically remeasured.
Cash flow from operating activities in the second quarter of 2024 was ($4.5) million, compared to ($3.2) million in the second quarter of 2023 and ($4.6) million in the first quarter of 2024.
Raised gross proceeds of $35.7 million, including $10 million in July, through the issuance of units from multiple private placements, issuance of common shares using its ATM and the issuance of common shares from the exercise of warrants.
Non-IFRS Financial Performance MeasuresCertain financial information presented in this press release is not prescribed by IFRS. These non-IFRS financial performance measures are included because management has used the information to analyze the business performance and financial position of POET. These non-IFRS financial measures are intended to provide additional information only and do not have any standardized meaning under IFRS and may not be comparable to similar measures presented by other companies. These non-IFRS financial measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.
POET TECHNOLOGIES INC.PROFORMA – NON-IFRS AND IFRS PRESENTATION OF OPERATIONS(All figures are in U.S. Dollars) For the Quarter ended:30-Jun-24 31-Mar-24 31-Dec-23 30-Sep-23 30-Jun-23 Revenue- 8,710 107,551 – 177,390 Research and development(2,117,828)(1,922,066)(2,142,003)(2,043,264)(2,036,953)Depreciation and amortization(509,699)(509,260)(505,869)(508,484)(462,743)Professional fees(366,839)(409,726)(902,368)(273,905)(255,094)Wages and benefits(780,146)(768,496)(676,539)(640,241)(655,066)Impact of join venture- – – – – Stock-based compensation(1,591,741)(947,502)(1,050,088)(1,251,648)(697,690)General expenses and rent(1,390,933)(570,819)(317,333)(429,457)(502,707)Derivative liability adjustment(1,376,761)(629,824)(24,865)- – Interest expense(20,833)(19,753)(13,547)(34,890)(11,214)Other (income), including interest174,911 52,558 54,047 45,448 57,454 Net loss(7,979,869)(5,716,178)(5,471,014)(5,136,441)(4,386,623) Net loss per share(0.14)(0.13)(0.13)(0.13)(0.11)
ATM Quarterly UpdateDuring the fiscal quarter ended June 30, 2024, through the ATM, the Company sold 4,592,739 common shares at an average price of C$2.22 per share. The Company received gross proceeds of C$10,202,164, less aggregate cash commissions paid to Craig-Hallum of C$306,065 resulting in net proceeds of C$9,896,099. The common shares were sold on the Nasdaq Capital Markets and the sales were denominated in USD. The values disclosed are based on the average Bank of Canada exchange rate applicable during the reporting period.
About POET Technologies Inc.POET is a design and development company offering high-speed optical modules, optical engines and light source products to the artificial intelligence systems market and to hyperscale data centers. POET’s photonic integration solutions are based on the POET Optical Interposer™, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. POET’s Optical Interposer-based products are lower cost, consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition to providing high-speed (800G, 1.6T and above) optical engines and optical modules for AI clusters and hyperscale data centers, POET has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems. POET’s Optical Interposer platform also solves device integration challenges in 5G networks, machine-to-machine communication, self-contained “Edge” computing applications and sensing applications, such as LIDAR systems for autonomous vehicles. POET is headquartered in Toronto, Canada, with operations in Allentown, PA, Shenzhen, China, and Singapore. More information about POET is available on our website at www.poet-technologies.com.
Media Relations Contact:Adrian BrijbassiAdrian.brijbassi@poet.tech Company Contact:Thomas R. Mika, EVP & CFOtm@poet.tech
Forward-Looking StatementsThis news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements include the Company’s expectations with respect to the success of the Company’s product development efforts, the performance of its products, the expected results of its operations, meeting revenue targets, and the expectation of continued success in the financing efforts, the capability, functionality, performance and cost of the Company’s technology as well as the market acceptance, inclusion and timing of the Company’s technology in current and future products and expectations for approval of proposals at the Company’s annual meeting of shareholders.
Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management’s expectations regarding the success and timing for completion of its development efforts, the introduction of new products, financing activities, future growth, recruitment of personnel, opening of offices, the form and potential of its joint venture, plans for and completion of projects by the Company’s consultants, contractors and partners, availability of capital, and the necessity to incur capital and other expenditures. Actual results could differ materially due to a number of factors, including, without limitation, the failure of its products to meet performance requirements, lack of sales in its products, once released, operational risks in the completion of the Company’s anticipated projects, lack of performance of its joint venture, risks affecting the Company’s ability to execute projects, the ability of the Company to generate sales for its products, the ability to attract key personnel, the ability to raise additional capital and the agreement by shareholders to approve proposals put forth by the Company at shareholders’ meetings. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 – Fax: 416-322-5075
Healthcare Business Intelligence Market Size to Reach USD 27.63 Billion By 2032, With a Growing CAGR of 14% | Research by SNS Insider
SNS Insider pvt ltd
The rise in electronic health records (EHRs) and the integration of big data analytics in healthcare have further propelled the adoption of BI solutions.
Pune, Aug. 14, 2024 (GLOBE NEWSWIRE) — Healthcare Business Intelligence Market Size & Share:
“According to SNS Insider Research, The Healthcare Business Intelligence (BI) Market Size was valued at US$ 9.0 Billion in 2023 and is expected to reach US$ 27.63 Billion by 2032 and grow at a CAGR of 14.0% over the forecast period 2024-2032.”
Business Intelligence (BI) is well-funded in the modern software-as-a-service market. BI utilizes big data to analyze various aspects of business, uncover new profit centers, and simulate potential developments. The market growth is driven by the increasing number of patient registries, as well as technological advancements in the pharmaceutical sector. An article published by Frontiers in August 2022 highlights patient registries as a crucial data source for healthcare practices, drug utilization, and clinical outcomes. Patient registries provide epidemiological data, and standards of care, and help in overcoming patient confidentiality issues, particularly for rare diseases. This anticipated growth in patient registries is also expected to drive the uptake of health business intelligence.
The healthcare BI market is growing rapidly due to the government’s initiative to increase the adoption of Electronic Health Records (EHR) and the proliferation of patient registries along with big data usage in healthcare. According to an article published by the Biomedical Journal of Scientific & Technical Research in 2021, the government is digitalizing healthcare services by incorporating EHR for better patient data management and to facilitate coordination among healthcare providers. The government is also introducing national-level policies, such as the National Digital Health Blueprint, to ensure a single digital health record across India. Additionally, institutions like Tata Memorial Hospital and Max Hospitals Private Limited have implemented electronic medical records (EMR) systems and plan to transition to EHR systems. The widespread implementation of BI across the healthcare industry, alongside its associated benefits, is expected to further drive market expansion.
Get a Sample Report of Healthcare Business Intelligence (BI) Market@ https://www.snsinsider.com/sample-request/2089
Major Players Listed in this Report are:
Healthcare Business Intelligence (BI) Market Report Scope:
Report Attributes
Details
Market Size in 2023
US$ 9.0 Billion
Market Size by 2032
US$ 27.63 Billion
CAGR
CAGR of 14.0% From 2024 to 2032
Base Year
2023
Forecast Period
2024-2032
Historical Data
2020-2022
Key Regional Coverage
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America)
Key Growth Drivers
•The Increasing Integration of EHR Systems Across Healthcare Facilities Is Driving the Demand for Business Intelligence (BI) Tools that can Analyze Large Volumes of Patient Data, Improve Decision-Making, and Enhance Patient Outcomes.•The Shift Towards Value-Based Care and Personalized Medicine has Led to an Increased Focus on Healthcare Analytics. Bi Tools are Crucial in Analyzing Patient Data, Predicting Trends, And Enabling More Effective Management of Resources and Treatments.
Do you have any specific queries or need any customization research or data on Healthcare Business Intelligence (BI) Market, Make an Enquiry Now@ https://www.snsinsider.com/enquiry/2089
Segmentation Dynamics
In 2023, healthcare payers held the largest revenue share at 40%. Market growth is being driven by the increasing need to enhance provider networks, the implementation of various healthcare business intelligence (BI) tools to reduce operational costs, and rising competition among payers. Additionally, the growing emphasis on increasing memberships and minimizing fraud claims is pushing payers to adopt BI solutions to manage their operational expenses more effectively.
During the forecast period, the healthcare manufacturers segment is expected to experience significant market growth. The large number of pharmaceutical and medical device manufacturers in both developed and emerging economies has been contributing to rapid revenue generation. Meanwhile, healthcare manufacturers are increasingly turning to SaaS software to reduce maintenance and development costs, which is anticipated to further drive the market.
Furthermore, customer analytics tools such as direct marketing and Customer Relationship Management (CRM) dashboards are helping various vendors, including hospitals, government bodies, and employers’ private exchangers, to become more efficient in terms of revenue growth and cost savings. This, in turn, is expected to drive the uptake of business intelligence tools by vendors.
Healthcare Business Intelligence (BI) Market Key Segmentation:
By Component
By Mode of Delivery
On-premise
Cloud-based
Hybrid
By Application
Financial Analysis
Operational Analysis
Clinical Analysis
Patient Care
By End User
Payers
Providers
Healthcare Manufacturers
Regional Insights
North America accounted for the largest revenue share of 48% in 2023, mainly due to the increased implementation of BI solutions and services in healthcare aiming to offer enhanced patient care. The presence of large manufacturing hubs and reduced expenses are also key factors driving regional growth. Additionally, the constant upgrading of healthcare and IT infrastructure, along with increased adoption of cloud computing, has contributed to the growth. In 2023, the U.S. accounted for the highest revenue share in the North American market due to its high adoption of advanced BI technology, changing analytics protocols, easy availability of BI infrastructure, and a professional BIG data crowd.
On the other hand, Asia Pacific is expected to be the most lucrative regional market in the forecast period due to increasing awareness about BI tools among healthcare providers and organizations, driven by government initiatives. The regional market growth is also attributed to the increased penetration of mobile-based solutions and the implementation of technologically advanced BI solutions in countries including India, China, and Japan.
Recent Developments
In June 2022, Oracle Corporation acquired Cerner Corporation, a provider of health information technology services.
In January 2022, PINC AI, the technology and services platform of Premier Inc., launched its latest release called INsights. This revamped healthcare self-service solution is designed to provide personalized, on-demand analytics.
Buy a Single-User PDF of Healthcare Business Intelligence (BI) Market Analysis & Outlook Report 2024-2032@ https://www.snsinsider.com/checkout/2089
Key Takeaways
Healthcare payers had the largest market share 40% in 2023, focusing on reducing operational costs and building provider networks.
North America accounted for the largest share of revenue 48% in 2023, attributed to a mature business intelligence market and well-established healthcare infrastructure.
Growth is being driven by an increasing prevalence of chronic diseases and the need for patient-centric continuous monitoring.
Table of Contents – Major Key Points
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
6. Competitive Landscape
7. Healthcare Business Intelligence (BI) Market Segmentation, by Component
8. Healthcare Business Intelligence (BI) Market Segmentation, by Application
9. Healthcare Business Intelligence (BI) Market Segmentation, by End User
10. Healthcare Business Intelligence (BI) Market Segmentation, by Mode of Delivery
11. Regional Analysis
12. Company Profiles
13. Use Cases and Best Practices
14. Conclusion
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‘Justice Intelligence’ Startup Darrow Expands Plaintiff-Finding Service to Mass Arbitrations
On Wednesday, New York and Tel Aviv-based legal tech startup Darrow announced the addition of mass arbitration to its PlaintiffLink service. Publicly launched in February 2024, PlaintiffLink helps firms connect with and review potential plaintiffs for cases. The development and expansion of PlaintiffLink was likely supported in part by the startup’s $35 million Series B funding round, which it announced in September 2023.
Marketing itself as a justice intelligence platform, Darrow essentially looks to be a business development tool for litigation teams. Some of its offerings use generative AI to analyze and scan public data, such as SEC filings and consumer complaints, to find viable class action and litigation opportunities.
‘Justice Intelligence’ Startup Darrow Expands Plaintiff-Finding Service to Mass Arbitrations
On Wednesday, New York and Tel Aviv-based legal tech startup Darrow announced the addition of mass arbitration to its PlaintiffLink service. Publicly launched in February 2024, PlaintiffLink helps firms connect with and review potential plaintiffs for cases. The development and expansion of PlaintiffLink was likely supported in part by the startup’s $35 million Series B funding round, which it announced in September 2023.
Marketing itself as a justice intelligence platform, Darrow essentially looks to be a business development tool for litigation teams. Some of its offerings use generative AI to analyze and scan public data, such as SEC filings and consumer complaints, to find viable class action and litigation opportunities.
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Snowflake launches Cortex Analyst, an agentic AI… Snowflake launches Cortex Analyst, an agentic AI system for accurate data analytics Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Snowflake is all set to deploy powerful language models for complex data work. Today, the company announced it is launching Cortex Analyst, an all-new agentic AI system for self-service analytics, in public preview. First announced during the company’s data cloud summit in June, Cortex Analyst is a fully managed service that provides businesses with a conversational interface to talk to their data. All the users have to do is…
What is Business Intelligence (BI): Complete Implementation Transforming Your Organization with the Power of Business Intelligence Share Share Understanding Business Intelligence Through Modernizing ETL Share Email How to choose the right ETL tool? Bismart Partner Power BI With the ability to drive strategic initiatives, make educated decisions and extract valuable insights from raw data, business intelligence (BI) has become a key enabler for organizational success. BI has revolutionized the way businesses operate and plan for the future in this age of intense competition and rapid technological advancement. One of the most powerful business intelligence tools available, Intellicus has provided tailored solutions to over…
54 Predictions About The State Of Data In 2021 54 Predictions About The State Of Data In 2021 From 2010 to 2020, the amount of data created, captured, copied, and consumed in the world increased from 1.2 trillion gigabytes to 59 trillion gigabytes, an almost 5,000% growth. What will data do in the coming decade? Happy New Year! getty 26 the five-year compound annual growth rate (CAGR) through 2024 of the data created, captured, copied, and consumed in the world; the amount of data created over the next three years will be more than the data created over the past 30 years [IDC] ⦨ Richard van Dijk ⦩ LinkedIn 22 the…
PowerDMARC Integrates with SecLytics for Advanced… PowerDMARC Integrates with SecLytics for Advanced Predictive Threat Intelligence Analysis PowerDMARC Provides Clients and Partners with Advanced Predictive Threat Intelligence Analysis through integration with SecLytics. Middletown, Delaware, United States – August 14, 2024 — PowerDMARC, a leader in AI-powered email authentication and domain security solutions, is excited to announce its integration with SecLytics, a pioneering cybersecurity company known for its expertise in predictive threat intelligence. The integration enhances PowerDMARC’s platform, offering users advanced detection and predictions on existing and emerging cyber threats. Business Intelligence Companies to Watch Out for in Predictive threat intelligence analysis is a game-changer in cybersecurity, enabling…
Analysts laud SAS’ innovation in AI, marketing, risk… Analysts laud SAS’ innovation in AI, marketing, risk and fraud solutions Investment by SAS drives accolades in multiple reports from top analyst firms CARY, N.C., July 30, 2024 /PRNewswire/ — When choosing new technologies like generative AI (GenAI) or selecting vendors for mission-critical functions like managing risk, improving marketing and customer loyalty, and fighting fraud and financial crimes, organizations often seek the advice of top industry analyst firms. Top industry analyst firms have once again have recognized SAS as a leader in key business and technology areas. Statistical Business Analysis SAS And these top firms once again have recognized SAS…
You Won’t Need to Pay for Apple Intelligence Anytime Soon You Won’t Need to Pay for Apple Intelligence Anytime Soon Despite several analyst reports that Apple will eventually charge for access to Apple Intelligence features, it’s unlikely it plans to do so anytime soon. While many, including Mark Gurman, believe that Apple’s focus on growing its services business makes a paid Apple Intelligence tier inevitable, the Bloomberg analyst is also convinced this won’t be coming in the near future — and that it’s unlikely to encompass any of the Apple Intelligence features that are slated to arrive in iOS 18 over the next year. In late June, Gurman suggested an “Apple…
usiness Intelligence for E-commerce KeyPoint For… True luxury is IRL E-commerce is great for a lot of things — snagging sales, stocking up on staples, buying stupid stuff we really do not need. But people’s voracious appetite for online shopping does appear to have its limits, specifically when it comes to luxury. The expectation has long been that e-commerce would revolutionize luxury, just as it has so much of retail. It killed many malls and bookstores; it made Walmart go digital; it transformed shipment and logistics operations across the globe. So why wouldn’t it disrupt such an expensive, lucrative space? It turns out we still like…
How Zebra Technologies Uses Machine Vision to… How Zebra Technologies Uses Machine Vision to Transform Production Automation Machine vision is the focus of Machine Design’s Takeover Topic Event (Aug. 12-16, 2024). Covering the gamut of vision systems, the lineup includes case histories, trends and interviews with notable players to watch in this space. In the accompanying video, Andrew Zosel, senior vice president and general manager, Zebra Technologies, explains the vision and strategy behind recent acquisitions and the resultant solutions. Machine vision is a significant part of that investment and future growth at Zebra, said Zosel. (In parts 2 and 3 of this interview series focusing on machine…
SEALSQ Unveils Revolutionary Artificial Intelligence… SEALSQ Unveils Revolutionary Artificial Intelligence for Internet of Things (AIoT) Strategy, Pioneering the Future of Connected Intelligence Geneva, Switzerland, Aug. 14, 2024 (GLOBE NEWSWIRE) — SEALSQ Corp (NASDAQ: LAES) (“SEALSQ” or “Company”), a company that focuses on developing and selling Semiconductors, PKI and Post-Quantum technology hardware and software products, announces its bold entry into the AI chip market, underscored by its visionary AIoT (Artificial Intelligence for Internet of Things) strategy, which seamlessly merges the power of AI with the expansive potential of IoT technologies. This move positions SEALSQ at the cutting edge of technological innovation, where the convergence of AI…
How Gen Z Is Changing Business and the Workplace Microsoft to reinvent office apps with Artificial Intelligence toolsWashington [US], March 17 (ANI): Microsoft is reinventing its Power Platform’s software development, including Outlook, PowerPoint, Excel and Word, with AI-powered no-code development and adding new features like Copilot. In an event on Thursday (Local Time), the company announced that Microsoft 365 users will soon be able to use what the company is calling an AI “Co-pilot,” Microsoft said in a statement. “Makers now have a live in-studio copilot that helps them build solutions and provides suggestions for improvement. To build an app, flow, or bot, you can describe it using natural…
Microsoft Power BI – What Is It and What to Use It… how much it cost to purchase oracle business intelligence enterprise edition 11g?Is Oracle Database Enterprise Edition free? You get a free Oracle Database that you can use in any environment, as well as the ability to embed and distribute it. How much does Oracle Standard Edition cost? Standard Edition 2 (SE2), as well as previous editions Standard Edition and Standard Edition 1, can provide excellent value and cost significantly less than Oracle Enterprise Edition (EE). SE2 is currently listed at $17,500 per socket, compared to Enterprise Edition’s $47,500 per processor. Microsoft Power BI – What Is It and What to…
Talent Intelligence: Unlocking The Power Of… Talent Intelligence: Unlocking The Power Of Multidimensional Data Joanna Riley, CEO & cofounder of Censia. Striving for a more just and efficient global economy through better talent data and technology. getty In the age of data-driven decision-making, the significance of structured, multidimensional data cannot be overstated. This data type forms the backbone of advanced AI systems, facilitating nuanced insights and predictive analytics essential for modern business strategies, including talent management. What Is Business Intelligence (BI)? Types, Benefits, and Examples Data-Driven Recruiting And Talent Management Companies that harness data in talent management have seen remarkable improvements in both efficiency and insights…
Snowflake launches Cortex Analyst, an agentic AI… Snowflake launches Cortex Analyst, an agentic AI system for accurate data analytics Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Snowflake is all set to deploy powerful language models for complex data work. Today, the company announced it is launching Cortex Analyst, an all-new agentic AI system for self-service analytics, in public preview. First announced during the company’s data cloud summit in June, Cortex Analyst is a fully managed service that provides businesses with a conversational interface to talk to their data. All the users have to do is…
Business Intelligence vs. Competitive Intelligence Business Intelligence vs. Competitive Intelligence: What’s the Difference? Business Intelligence vs. Competitive Intelligence: An Overview Competitive intelligence is the act of understanding a company’s industry and industry rivals so the company can make better business decisions. Business intelligence refers to the tools, software, and systems that play a vital role in the strategic planning process of a company. Key Takeaways Competitive intelligence is the outward-focused analysis of a business’s competitors to identify advantages and potential strategies.In contrast, business intelligence is the inward-focused evaluation of the business’s own data, which can help improve efficiency and growth.Combining both business and competitive intelligence…
RBC Capital Keeps Their Buy Rating on Jasper… RBC Capital Keeps Their Buy Rating on Jasper Therapeutics (JSPR) In a report released yesterday, Gregory Renza from RBC Capital maintained a Buy rating on Jasper Therapeutics (JSPR – Research Report), with a price target of $68.00. The company’s shares closed yesterday at $18.85. Renza covers the Healthcare sector, focusing on stocks such as Perspective Therapeutics, Pacira Pharmaceuticals, and Viridian Therapeutics. According to TipRanks, Renza has an average return of 13.8% and a 45.27% success rate on recommended stocks. Jasper Therapeutics has an analyst consensus of Strong Buy, with a price target consensus of $72.71, which is a 285.73% upside…
Common Mistakes to Avoid When Hiring a Power BI Developer Common Mistakes to Avoid When Hiring a Power BI Developer Businesses depend intensely on information analytics to make informed decisions, and Power BI has risen as a prevalent tool for turning raw data into significant insights. Hiring a Power BI engineer is a crucial choice that can altogether affect your organization’s victory. In any case, companies frequently make a few mistakes when hiring Control BI engineers that can lead to project delays, destitute results, and unnecessary costs. Here are five common mistakes businesses make when hiring Power BI developers and we offer significant tips to avoid them. Common mistakes when…
Oracle 23ai: The Database Just Got a Brain Oracle 23ai: The Database Just Got a Brain The database world is undergoing a renaissance. Fueled by the rise of Large Language Models, hybrid cloud data management, and the explosion of data-driven applications, databases are once again at the forefront of technological innovation. Yet, this resurgence comes at a time of unprecedented challenges. The relentless onslaught of data and the ever-present threat of cyberattacks have stretched database professionals to their limits. Oracle, a behemoth in the database landscape, has responded with a daring gambit: Oracle Database 23ai. This isn’t merely an update; it’s a full-blown integration of AI and machine…
reasons to use Microsoft Power BI Stitch Microsoft announces Power BI Premium Microsoft is expanding its business analytics and intelligence portfolio with the announcement of Power BI Premium. Power BI Premium is an extension of the company’s Power BI solution that provides improved performance for larger data volumes. “Power BI was first made generally available in July 2015. Since then, Microsoft’s driving vision for Power BI has been to enable users across roles, disciplines and industries to sign up for the service in seconds and get business value by drawing insights from their data within minutes,” Kamal Hathi, general manager at Microsoft, wrote in a post. “Power…
22nd Century Technologies Buys TreasurySoft 22nd Century Technologies Buys TreasurySoft to Expand ERP Capabilities for Federal Market Clients McLean, Virginia-based 22nd Century Technologies Inc. has acquired TreasurySoft in a transaction that expands its enterprise resource planning practice and capabilities to deliver digital transformation platforms to federal, state, local government and transit agencies. TSCTI said Tuesday TreasurySoft provides PeopleSoft and Oracle Fusion ERP Treasury Management Systems and other tech platforms that offer real-time insights across cash management, risk management, investment management and other critical financial functions. “By bringing TreasurySoft into our fold, we are not only expanding our ERP capabilities but also setting the stage to…
Can AI even be open source? It’s complicated Can AI even be open source? It’s complicated zf L/Getty Images Without open source, there is no artificial intelligence (AI). Period. End of statement. It’s not just that AI’s early roots spring from the 1960s’ open language Lisp; the headline AI generative models, such as ChatGPT, Llama 2, and DALL-E, are built on solid, open-source foundations. However, those models and programs themselves are not open source. Also: AI scientist: ‘We need to think outside the large language model box’ Best Free and Open Business Intelligence Tools CIO Women Magazine Oh, I know that when Meta CEO Mark Zuckerberg unveiled Llama …
Global Edge Data Center Market Predicted to Cross… Business Intelligence and Analytics Fusion Introduces New AI-Powered Scenario Simulation and Intelligence Suite Fusion Risk Management (Fusion), a provider of cloud-based operational resilience, business continuity, and risk management solutions, is releasing its new Scenario Simulation and Intelligence suite—enabling companies to simulate thousands of possible scenarios against their resilience plans and strategies to identify points of weakness at scale. Posted August 14, 2024 Ridge Security Enhances Proactive Exposure Management with RidgeBot 4.3.3 Ridge Security Technology Inc. is releasing RidgeBot version 4.3.3, introducing a powerful integration that enhances proactive exposure management for organizations—combining RidgeBot’s automated vulnerability detection and validation capabilities with leading…
What is The Role of CRM in Gaining Business Intelligence? CRM is dead — and AI can’t come to the rescue fast enough For quite some time, “best practice” has been to make connecting with actual live human beings as inconvenient as possible, encouraging otherwise recalcitrant customers to find online solutions to their problems. This isn’t even necessarily a bad idea. In many cases, once customers figure out how to use a DIY system they end up preferring it — a convenience win for the customer and a financial win for the vendor. But there’s a wide gorge separating “inconvenient” from “impossible” (yes, I know, gorges are narrow by definition,…
Hidden Apple Intelligence Features Revealed Hidden Apple Intelligence Features Revealed Apple’s latest iOS 18.1 beta 2 update brings a suite of advanced AI-driven features for Apple Intelligence designed to transform your user experience. These hidden gems leverage Apple’s innovative AI technology to automate tasks, enhance communication, and create personalized content, ultimately streamlining your daily interactions with your device. Let’s dive into the details of these innovative features. Smart Reply: Effortless Email and Message Responses The Smart Reply feature in iOS 18.1 takes the hassle out of responding to emails and messages. Intelligently analyzing the content of your incoming communications suggests complete, contextually relevant replies. Whether you receive…
Smart Automation: AI’s Impact On Operational Efficiency Smart Automation: AI’s Impact On Operational Efficiency Atal Bansal is the Founder and CEO at Chetu, a global U.S.-based custom software solutions and support services provider. getty AI “smart” or “intelligent” automation seems unstoppable because it promises to save money, minimize human error, and produce faster results. The impact on workers and the workplace will be dramatic. Business Intelligence: making Smart Business Decisions Goldman Sachs reports that “two-thirds of occupations could be partially automated by AI.” McKinsey echoes this sentiment in an article: “Current generative AI and other technologies have the potential to automate work activities that absorb 60 to…