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Malaysia Turns the Biotechnology Hub of Asia-Pacific

The ever-increasing scope for development in Biotechnology has made it a hot favorite for nations that are striving to build high income-driven economies. According to reports, the Biotechnology market is expanding at +9.9 percent CAGR and is expected to exceed USD 775 billion by 2024.

The Chinese Biotechnology market alone was valued at USD 29.7 billion in 2017. Due to the leap in the number of chronic diseases, innovative technologies in the sector and increasing demand for bio-agriculture products, the Chinese Biotechnology market is expected to achieve a lucrative growth rate of 10.6 percent CAGR by 2024.

Over the last eight years, Malaysia has been actively involved in strengthening its biotechnology ecosystem. By developing their local industries, they have a created a niche for themselves as a reputable Biotechnology hub of Asia. Malaysia’s robust conducive environment combined with high growth potential provides multiple opportunities for the country’s Biotechnology sector to develop to a fully-fledged state.

Strategic Advantages

The country’s rich biodiversity, cost-competitive skilled labor market, excellent transportation networks ICT infrastructure, strong government support, and public-private sector participation are leveraging the growth of Biotechnology sector there. Moreover, the cost-effective nature of the markets makes the country more inviting to do business.

The adoption of Good Clinical and Good Manufacturing Practices ensure that Malaysia remains competitive as a research, development, and manufacturing destination, drawing more investments into the Biotechnology sector.

Exploring new market territories

New Biotechnology and Life Science companies looking to enter the market or companies looking to expand their market presence and sales reach, relish the Malaysian market due to the unique and developed trade linkages it proffers.

As a signatory member of the Asean’s Free Trade Area (FTA) agreement along with Japan, Korea, China, and New Zealand, Malaysia provides access to a regional market of over 500 million people. Also, the Islamic roots of the country Read More

Src: Apac cio outlook

The (E-) Doctor Is In: What Trends to Spot in Healthcare Technology Today

“Disruptive technologies” are the trending watchwords du jour, a catchphrase that encapsulates the displacement of existing market models with change, innovation and upheaval, and this phenomenon is as relevant as ever right now in the field of healthcare and medicine.

Earlier in the year, three behemoth corporate players, who are not traditionally associated with Healthcare— Amazon, Berkshire Hathaway, and JP Morgan Chase— forged a partnership to leverage state-of-the-art healthcare technology to provide to their employees “simplified, high-quality and transparent healthcare at a reasonable cost.”

So what is in the cards for the ever-evolving face of healthcare technology today?

Artificial Intelligence

AI has transformed the way healthcare providers render their services and how patients experience their level of care, in areas such as clinical diagnostic accuracy, acute care rehabilitation, predictive disease analysis, hospital operations, and population health.

It is an area that is teeming with possibilities for growth: by 2035, workplace productivity is projected to spike by as much as 35 percent and surpass the $6 billion mark as AI continues to play an integral part in alleviating physician shortage and patient congestion, as well as adopting more optimal and precise treatment plans.

As patients increasingly want more control over personal healthcare decisions, AI, Deep Learning and digital image content analysis can be tapped to analyze and anticipate disease, devise optimal care approaches and design methodologies of diagnosis and treatment of medical malaise. Pathology and Radiology specialties are in the early stages of AI transformation.

Augmented Reality

Immersive technologies such as Augmented Reality (AR) can be a huge opportunity for advanced visualization for healthcare providers and their patients, with a projected market share of $90 billion by 2020.

 For example, images from a real-world environment such as the OR can be embedded with computer-generated sensory input such as sound, video, and graphics, enabling surgeons to navigate their way around minimally invasive procedures or to develop 3D reconstructions of tumors without resorting to radiation exposure. Virtual apps have also been used to educate patients on the use of AEDs or defibrillators.

Wearables, IoT and Mobile Health Apps

The growing business of preventative care in the form of wearables—whether as part of corporate wellness programs or individual health and fitness markets—is expected to rise to $12.1 billion by 2021.

Remote health monitoring via wearables and mobile health apps could lead to a notable decrease in hospitalizations and ensure that those who need urgent care will have access to it more readily and with greater ease. For instance, the digital contact lens can be worn by diabetics to measure and maintain their blood sugar levels.

The advantages of wearables are diverse: they have user-friendly interfaces and boast of connectivity features such as wireless data transmission, real-time feedback, and alerting mechanisms, granting patients secured access to their health records and providing quicker diagnosis and treatment of conditions such as arrhythmia, asthma, and COPD.

Telemedicine

Although the words telemedicine and telehealth are likely to become obsolete within five years, the use of the latest technology advancements to provide healthcare to patients will become commonplace globally.

More on this here: https://goo.gl/Eo6jMi

Anonymous. Fiske Reading Machine in the hand of its inventor, Rear Admiral Bradley Fiske. 1922

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DevOps Strategy for  Business Applications

Patrick Debois coined the term DevOps, which is described as an integrated approach of software development teams as well as IT operation teams working collaboratively in achieving the specific task. With evolvement in technologies, it has become the key focus in reforming the future of the software industry, and its recognition is going to peak in 2018.

In practice, to achieve DevOps effectively, the developed software should meet certain architecturally requirement standards such as modifiability, monitorability, feasibility, and deployability in an acceptable limit and effective manner. 

Furthermore, in DevOps model management workflows, the automated pipelines developed helps to retrain, reselect, and redeploy the production models more stable and efficiently along with deploying AI based ML-driven approaches to achieve the demands of an enterprise. This process will provide a more clear infrastructural model accelerating as Infrastructure as Service and Database as a service through DevOps. 

Complete article Here: Expanding DevOps Strategy for Smarter Business Applications

Gamification Tied to Business Needs

In 2002, a British programmer and inventor, Nick Pelling coined the term gamification in which the advent gaming concepts are introduced in real life to achieve better user interface design amongst electronic transactions. 

Up to the year 2011, the gamification is not popular until Gartner realized the advantages of gamification and introduced the concept into his Hype Cycle list.

Gartner, a  leading IT research organization, has predicted that more than 50 percent of the organization will be replaced with gamification in the future and will be implemented in almost every part of the life cycle.

In recent years, design features captured through gamification has bought notable changes in the field of academia as well as industry. However, due to the dearth in comprehensive understanding and lack of resources has made gamification to fail.

Full article here:   Gamification tied to Business Needs

Transforming Healthcare with Edge Computing

The ever-expanding landscape of connected devices from wheelchairs to wearable health helps in monitoring the daily activities inside the body. This helps the industries to feed the data flexibly and also to analyze this data can help in improving patient care, control costs and deliver exceptional experiences. 

Many providers are opting for edge computing to solve problems that occur during processing and storage. Healthcare organizations are adapting edge-to-edge technologies that can integrate smoothly, from connectivity to the cloud to IoT endpoints, in a tech-ecosystem which is adequately secured.

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Small Businesses Help Us Explore Space!

Earlier this month, Congress introduced a resolution officially recognizing Nov. 24, 2018 as Small Business Saturday “to increase awareness of the value of locally owned small businesses and the impact of locally owned small businesses on the economy of the United States.”

This annual American Express campaign began on the Saturday after Thanksgiving in 2010 to support “local places that make our communities strong.”

For 60 years, we have supported and partnered with small businesses across the country to pioneer the future of space exploration, scientific discovery and aeronautics research.

Our Small Business Innovative Research (SBIR) and Small Business Technology Transfer (STTR) program funds the research, development and demonstration of innovative technologies that help address space exploration challenges and have significant potential for commercialization. In 2018, our program awarded 555 contracts to small businesses for a total of $180.1 million.

NASA works with small business Nanocomp Technologies Inc. of Merrimack, New Hampshire, to advance manufacturing of carbon nanotube composite materials.

Our investments in small businesses help equip future missions to the Moon, Mars and beyond by advancing our science and technology capabilities. They also benefit the U.S. economy. The SBIR/STTR program’s 2017 Economic Impact Report indicated a $2.74 return for every dollar spent on awards—money well spent!

Small businesses also contribute to scientific advances for the International Space Station as well as here on Earth. Pancopia, Inc. in Hampton, Virginia, developed an innovative, high-performance water recycling system to remove high levels of organic carbon and nitrogen in wastewater. Recycling water in space saves money on resupply and enables more Earth-independence and self-reliance. With the help of an SBIR award, Pancopia is also working on a similar system for public wastewater that has the potential to cut treatment expenses to less than half the current costs.

Small businesses also contribute to scientific advances for the International Space Station as well as here on Earth. Pancopia, Inc. in Hampton, Virginia, developed an innovative, high-performance water recycling system to remove high levels of organic carbon and nitrogen in wastewater. Recycling water in space saves money on resupply and enables more Earth-independence and self-reliance. With the help of an SBIR award, Pancopia is also working on a similar system for public wastewater that has the potential to cut treatment expenses to less than half the current costs.

When NASA went to the private sector to develop deformable mirror technology—a key component of starlight-blocking instruments—a small business in Berkeley, California, applied for research and development funding through SBIR to design extra-precision, segmented mirrors. This innovative approach for a small deformable mirror made up of many tiny hexagonal segments enables advanced control when paired with other optics.

Data collected by a telescope using the Iris AO deformable mirror can be used to determine if the target investigated in space is an exoplanet based on its orbit, and if the exoplanet has atmosphere using color spectrum imaging analysis. The Iris AO technology is currently being refined and prepared for inclusion in a future exoplanet mission.

Does your small business have a big idea? Your next opportunity to join our SBIR/STTR program starts on Jan. 7, 2019, when our next solicitation opens. We’ll be seeking new innovative ideas from small businesses and research institutions for research, development and demonstration of innovative technologies. Go to https://www.nasa.sbir.gov/ to learn more.

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