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jayanthitbrc · 3 months ago

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Global Dimer Acid Market Analysis 2024: Size Forecast and Growth Prospects

The dimer acid global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Dimer Acid Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size - The dimer acid market size has grown strongly in recent years. It will grow from $1.76 billion in 2023 to $1.86 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to investments in research and development by manufacturers, shift towards lightweight materials to improve fuel efficiency, liberalization and deregulation initiatives have encouraged competition and investment, increasing focus on product safety and quality and expansion of the renewable energy sector.

The dimer acid market size is expected to see strong growth in the next few years. It will grow to $2.35 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to increased usage in personal care products, focus on antioxidant properties, increasing demand for adhesives and sealants in construction, large-scale infrastructure development projects and increasing demand for specialty chemicals. Major trends in the forecast period include nanotechnology, integration of dimer acids in electronics, adoption of dimer acid-based ink resins, advancements in biotechnological approaches and advancements in purification technologies.

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Scope Of Dimer Acid Market The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Dimer Acid Market Overview

Market Drivers - The growing demand for sustainable and bio-based products is expected to propel the growth of the dimer acid market going forward. Sustainable and bio-based products are goods made from renewable resources or processes that minimize environmental impact, aiming for long-term ecological balance and resource preservation. Sustainable and bio-based products are rising due to environmental concerns, regulatory pressure, consumer preferences, and corporate sustainability initiatives. Dimer acids derived from bio-based sources are more biodegradable than those derived from fossil fuels, leading to lower environmental impact at the end of their life cycle. For instance, in March 2024, according to the U.S. Department of Agriculture, a US-based government administration, in 2021, biobased products, integral to the bioeconomy, added $489 billion to the U.S. economy, compared to $464 billion in 2020, a $25 billion rise, indicating a robust 5.1% growth in economic impact. Therefore, the growing demand for sustainable and bio-based products is driving the development of the dimer acid market.

Market Trends - Major companies operating in the dimer acid market are developing innovative products, such as distilled dimer acid, to enhance performance features and meet the rising demand for high-quality, sustainable materials in diverse industries. Distilled dimer acid is a highly purified form of dimer acid known for its enhanced performance characteristics, including superior flexibility, toughness, and chemical resistance. For instance, in June 2023, Cargill, a US-based food and beverage manufacturing company, launched Pripol 1013. Pripol 1013 dimer acid produces high-performance polyesters and polyamides, offering enhanced toughness, flexibility, water repellence, and resistance to hydrolysis and chemicals. It is a high-purity building block offering water repellency, flexibility, and excellent hydrolysis and chemical resistance. Pripol 1013 suits epoxy, polyurethane, polyester, and polyamide resin modification applications.

The dimer acid market covered in this report is segmented –

1) By Product Type: Standard, Distilled, Distilled And Hydrogenated 2) By Application: Alkyd Resins, Adhesives And Elastomers, Lubricants, Polyamide Resin, Fuel Oil Additives, Other Applications 3) By End-Use Industry: Construction, Oilfield, Cosmetics, Other End-Use Industries

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Regional Insights - Asia-Pacific was the largest region in the dimer acid market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the dimer acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies - Major companies operating in the dimer acid market are Henan GP Chemicals Co. Ltd., BASF SE, Wilmar International Limited, Evonik Industries AG, Eastman Chemical Company, Musim Mas Group, Lanxess, Kemira Oyj, Croda International Plc, Kraton Corporation, Nissan Chemical America Corporation, KLK OLEO, Oleon NV, Emery Oleochemicals, Tokyo Chemical Industry Co. Ltd, Santa Cruz Biotechnology Inc., Jarchem Industries Inc., Vizag chemical, Florachem Corporation, SunChem Group, Shandong Huijin Chemical Co. Ltd., ATUREX, Anqing Hongyu Chemical Co. Ltd.

Table of Contents 1. Executive Summary 2. Dimer Acid Market Report Structure 3. Dimer Acid Market Trends And Strategies 4. Dimer Acid Market – Macro Economic Scenario 5. Dimer Acid Market Size And Growth ….. 27. Dimer Acid Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix

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treeremovalpensacola · 4 months ago

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Jobber launches a new AI-powered assistant

If you're in the Pensacola area, then you have probably already experienced the need for having to remove a tree or stump or getting your tree's trimmed. The cost of tree removal varies depending on a few factors, such as: - The type of tree that needs to be removed - The size of the tree - The location of the tree - The condition of the tree Pensacola Tree Removal offers competitive pricing for our tree removal services. For a full list of services Tree removal services visit https://treeservicespensacola.com/tree-removal-pensacola/ for a fast, friendly and reliable quote that you can count on. This will help not only beautify your property but also is the safest way to do it. Jobber, a provider of home service software, announced the launch of Jobber Copilot, an AI-powered assistant that serves as a business coach, data analyst, marketing specialist, and Jobber product expert to help home service pros make better data-driven decisions, improve their strategies, and streamline their operations. “We’re developing AI tools to further simplify the daily operations of service professionals, with the long-term goal of having AI handle all administrative tasks, allowing business owners to focus on the work that they’re actually getting paid for,” said Forrest Zeisler, CTO and co-founder of Jobber. Jobber Copilot’s features include: Marketing support: With context into a service pro’s customer trends and job history, Jobber Copilot can provide tailored marketing strategies to help businesses meet their marketing goals. Copilot can also write blog posts and social posts based on what’s relevant in their specific industry. Data analysis: Jobber Copilot uses historical data within Jobber to analyze operational efficiency, cash flow, workforce performance, and more. This means customers can access all their data instantly and receive suggestions on improving areas of opportunity. Business coaching: Jobber Copilot can deliver relevant and personalized guidance based on a customer’s questions and prompts. Whether they need help with day-to-day challenges or want to work on long-term goals, Copilot provides tailored strategies with the business’ data and goals. Jobber product expertise: Jobber Copilot will recommend features to help business owners achieve their goals and optimize their business operations. “Through Jobber Copilot, we discovered most of our requests come in on specific days, allowing us to increase ad spend on those days—something we wouldn’t have known without a lot of manual digging.” said Sean Rozonkiewiecz, Vice President of Elite Lawn & Landscape based in Lexington, S.C. Jobber Copilot is powered by a large language model (LLM) and leverages an array of resources, such as podcast transcripts, Jobber Academy articles, support videos, and more. “So much of my data is in Jobber, but before Jobber Copilot, I didn’t know how to use the data to meaningfully answer questions I had about my business,” explained Santiago Trujillo, owner of Sandia Shine based in Albuquerque, N.M. “Having Jobber Copilot there to give me answers to things that are on my mind, and quickly, is massive. Other AI tools just aren’t capable of that level of personalization.” Home service pros can partner with AI while focusing on their trade skills that AI cannot replace, like repairing air conditioners or landscaping properties and reliability. “Small, local businesses provide a level of care and customized service that’s hard to compete with,” adds Sam Pillar, CEO and co-founder at Jobber. “Our goal at Jobber is to stand behind these businesses and to provide tools that make it easier to do great work. Features like Jobber Copilot eliminate overhead so that business owners can focus their undivided attention on their customers and on doing a great job.” The feature is free and available in beta to all U.S. and Canadian Jobber customers. The post Jobber launches a new AI-powered assistant first appeared on Landscape Management.

#Pensacola Tree Removal Feed 2

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busyplatform · 4 months ago

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Business for Sale: Exploring Profitable Opportunities for Entrepreneurs

When it comes to business for sale, the market offers a wide range of opportunities for potential buyers looking to invest in a company or diversify their business portfolio. Purchasing an existing business presents several advantages compared to starting one from scratch, including an established customer base, proven business model, and immediate cash flow. Whether you’re a seasoned investor or an aspiring entrepreneur, understanding the dynamics of buying a business is crucial for a successful acquisition.

1. Why Buy an Existing Business?

Buying an existing business can save significant time and effort, as the groundwork has already been laid. One of the main benefits is that you avoid the early challenges of building a business from the ground up, such as gaining market share or establishing brand recognition. The company for sale likely already has:

Existing customers: You inherit an established client base, which provides immediate revenue.

Proven track record: You can evaluate the business’s historical performance, helping you assess profitability.

Operational systems: The processes, supply chain, and management structures are already in place, making it easier to transition into ownership.

Moreover, the seller may offer guidance during the handover, ensuring you understand how the business operates. This can be particularly beneficial for first-time business owners looking for support during the transition.

2. Types of Businesses for Sale

When exploring business for sale listings, you’ll encounter a variety of industries, each with unique investment requirements and risk factors. Common sectors include:

Retail businesses: Often come with a physical store, inventory, and loyal customers.

Service-based businesses: These could range from restaurants and fitness centers to cleaning services and consulting firms.

Manufacturing businesses: Offer opportunities to enter industries like auto parts, clothing, and electronics, where product demand is stable or growing.

Technology startups: Involve a higher level of innovation, often appealing to investors seeking growth in areas like software development, AI, or fintech.

Franchise opportunities: Buying a franchise provides the benefit of an established brand and marketing support, with businesses in fast food, hospitality, and personal care leading the way.

3. Factors to Consider Before Buying a Business

Before purchasing a business, it’s essential to conduct thorough due diligence to ensure it aligns with your financial goals and capabilities. Key factors to consider include:

Financial Health: Examine the company’s balance sheets, income statements, and cash flow projections to ensure financial stability.

Valuation: Ensure the asking price is reasonable based on the company’s earnings and market conditions. Consult with financial advisors or business brokers to get a fair valuation.

Legal Aspects: Review contracts, licenses, and permits required for operations to avoid future legal complications.

Brand and Reputation: Investigate the business’s reputation in the market. A strong brand can contribute significantly to future growth, while a tarnished one can hinder success.

Market Trends: Analyze industry trends and competitive pressures to ensure the business has potential for long-term growth.

4. Financing Your Purchase

Acquiring a business requires adequate funding, and buyers often rely on a mix of their own capital, bank loans, or investor backing. Here are some common financing methods:

Traditional bank loans: Suitable for established businesses with a solid financial history.

SBA loans: In countries like the U.S., the Small Business Administration offers loans with favorable terms to help small businesses grow.

Seller financing: In some cases, the seller may agree to finance part of the purchase price, reducing the amount you need to borrow.

5. The Role of a Business Broker

A business broker acts as an intermediary between the buyer and the seller, helping facilitate the transaction. They can help identify opportunities, negotiate terms, and handle the paperwork. Their expertise can be invaluable, especially for first-time buyers, as they can help navigate complex negotiations and legalities.

Conclusion: Is Buying a Business Right for You?

Exploring a business for sale can be an exciting path toward entrepreneurship and financial success. However, the process requires careful planning, thorough research, and expert guidance to ensure the acquisition aligns with your goals. Whether you’re looking to take over a small local shop or invest in a thriving industry, the right opportunity can bring both personal satisfaction and financial rewards. Consider all aspects of the business, from financial health to market trends, and always consult with professionals to ensure you’re making a sound investment.

For a wide selection of business opportunities across various industries, explore MergerDomo’s business for sale listings and find the perfect investment to meet your business ambitions.

#business for sale #buy a business #business acquisition #buy a buisnes #business

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industrynewsupdates · 5 months ago

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Nurse Call Systems Market Segmentation and Competitive Analysis Report, 2030

The global nurse call systems market size was valued at USD 1.7 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 12.11% from 2023 to 2030.

The growing need for a diverse and integrated platform that increases the preference for mobility aids are driving the market. Medicare decides to refund schemes based on quality and outcome rather than quantity owing to the rising healthcare cost. Medicare estimates that current reimbursement practices are costing an additional USD 2.1 billion and expects to curtail this by using technology-focused healthcare. With this change in reimbursement policies, hospitals and other healthcare facilities are trying to streamline their workflow processes by adopting technology-oriented nurse call systems.

Gather more insights about the market drivers, restrains and growth of the Nurse Call Systems Market

Nurse call systems enable reliable and flexible communication between the patient and the caregiver. Increasing patient numbers in healthcare facilities and the introduction of advanced ways to expand communication, workflow, and management to provide quality patient care are fueling the market growth. The market is primarily driven by technological advancements that have allowed players to create innovative devices. For instance, in December 2019, Tunstall Group launched Tunstall Carecom, a wireless and digital nurse call system.

Growing adoption of real-time location systems (RTLS) integrated with wireless technologies in various healthcare facilities is propelling the market growth. RTLS allows the healthcare facilities to track the movement of the attendants and equipment to increase productivity. For instance, Televic's AQURA Care Communication Platform is an integrated platform with various modules such as nurse call, personal localization (RTLS), patient and staff safety, alarm delivery, personal mobility, and mediator control. The platform is open to integrating both its module and the mediator module, along with the current hospital infrastructure.

However, the high implementation costs can hinder the market expansion. The effectiveness of integrated communication technologies is based on several factors, including software, hardware, and the training level of medical staff. This increases the need for high investments by hospitals, clinics, and home care facilities to effectively implement the devices. In addition, strict regulatory policies related to data breaches can impede industry growth during the forecast period.

Moreover, with the rise in home healthcare and nursing home facilities, major industry players are focusing on the need for better patient response time along with eliminating nurse fatigue. Vendors are differentiating their products by integrating their devices with different diagnostic solutions and technologies. For instance, in June 2019, Vocera Communications, Inc. introduced a new analytics solution that provides information about the number of calls, texts, alarms, and alerts that clinicians receive. Industry players offer customized services as per hospital needs, through such integration.

Nurse Call Systems Market Segmentation

Grand View Research has segmented the global nurse call systems market report based on technology, type, application, end-use, and region:

Technology Outlook (Revenue, USD Billion, 2016 - 2030)

• Wired Communication Equipment

• Wireless Communication Equipment

Type Outlook (Revenue, USD Billion, 2016 - 2030)

• Integrated Communication Systems

• Buttons

• Mobile Systems

• Intercoms

Application Outlook (Revenue, USD Billion, 2016 - 2030)

• Alarms & Communications

• Workflow Optimization

• Wanderer Control

• Fall Detection & Prevention

End-use Outlook (Revenue, USD Billion, 2016 - 2030)

• Hospitals

• ASCs/Clinics

• Long Term Care Facilities

Regional Outlook (Revenue, USD Billion, 2016 - 2030)

• North America

o U.S.

o Canada

• Europe

o U.K.

o Germany

o France

o Italy

o Spain

• Asia Pacific

o China

o Japan

o India

o Australia

o South Korea

• Latin America

o Brazil

o Mexico

o Argentina

• Middle East & Africa

o South Africa

o UAE

o Saudi Arabia

Browse through Grand View Research's Medical Devices Industry Research Reports.

• The global radiation dose monitoring market size was valued at USD 3.44 billion in 2023 and is projected to grow at a CAGR of 6.3% from 2024 to 2030.

• The global patient monitoring accessories market size was valued at USD 7.83 billion in 2023 and is projected to grow at a CAGR of 9.0% from 2024 to 2030.

Key Companies & Market Share Insights

The market is fragmented. Competitors in this market are increasing their share through a variety of marketing strategies, including product launches, investments, and mergers and acquisitions. Companies are further investing in improving their products. For instance, in July 2020, Hill-Rom Holdings Inc. collaborated with Aiva for hands-free communication between caregiver-to-patient and caregiver-to-caregiver using Hill-Rom’s Voalte Mobile solution. Some prominent players in the global nurse call systems market include:

• Hill-Rom Holding, Inc.

• Rauland Corporation

• Honeywell International, Inc.

• Ascom Holding AG

• TekTone Sound and Signal Mfg., Inc.

• Austco Healthcare

• Stanley Healthcare

• Critical Alert Systems LLC

• West-Com Nurse Call Systems, Inc.

• JNL Technologies

• Cornell Communications

Order a free sample PDF of the Nurse Call Systems Market Intelligence Study, published by Grand View Research.

#Nurse Call Systems Market #Nurse Call Systems Industry #Nurse Call Systems Market size #Nurse Call Systems Market share #Nurse Call Systems Market analysis

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jeffreyhammel1 · 5 months ago

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M&A Simplified: What It Means for Businesses

Mergers and acquisitions (M&A) are fundamental aspects of the corporate world, often influencing the direction and success of companies across various industries. Understanding the implications of M&A is crucial for business leaders, investors, and employees alike. This article simplifies the concept of M&A, exploring its significance, the different types, and the key considerations for businesses involved in such transactions.

Understanding M&A: The Basics

Mergers and acquisitions are strategic decisions that companies make to achieve growth, expand their market presence, or gain competitive advantages. A merger occurs when two companies combine to form a new entity, while an acquisition happens when one company takes over another, absorbing its operations and assets. Though these terms are often used interchangeably, they represent different approaches to corporate growth and restructuring.

M&A activities can be motivated by various factors, including the desire to enter new markets, acquire new technologies, or achieve cost efficiencies through economies of scale. For example, a tech company might acquire a smaller startup to gain access to innovative software, while a manufacturing firm might merge with a competitor to reduce costs and increase market share.

Types of Mergers and Acquisitions

There are several types of mergers and acquisitions, each serving different strategic purposes:

Horizontal Mergers: These occur between companies in the same industry that are direct competitors. The goal is usually to consolidate market share, reduce competition, and achieve cost synergies. For example, if two leading car manufacturers merge, they might do so to dominate the market and reduce production costs.

Vertical Mergers: This type involves companies at different stages of the supply chain. A manufacturer might merge with a supplier to control more of the production process and reduce costs. For instance, a clothing brand acquiring a textile manufacturer would be an example of a vertical merger.

Conglomerate Mergers: These occur between companies in unrelated businesses. The primary motivation here is diversification, where a company seeks to spread risk by expanding into new markets. For example, a food company might acquire a technology firm to diversify its business interests.

Market-Extension Mergers: This happens when companies in the same industry but different markets merge to expand their reach. For instance, a European pharmaceutical company might acquire a U.S.-based counterpart to enter the American market.

Product-Extension Mergers: These occur between companies that sell different but related products in the same market. The goal is to offer a broader range of products to customers. An example would be a smartphone manufacturer merging with a company that produces phone accessories.

Each type of merger or acquisition has distinct advantages and challenges, depending on the companies' strategic goals and the market environment.

The M&A Process: From Planning to Integration

The M&A process typically involves several stages, each requiring careful planning and execution:

Strategy Development: This initial phase involves identifying the strategic reasons for pursuing an M&A deal, such as market expansion or technological acquisition. Companies need to ensure that the M&A aligns with their long-term goals.

Target Identification: Once the strategy is clear, the next step is to identify potential targets. This involves evaluating companies based on factors like financial health, market position, and compatibility with the acquiring company’s goals.

Due Diligence: Due diligence is a critical step where the acquiring company thoroughly examines the target’s financial records, operations, legal status, and other pertinent aspects. This helps uncover potential risks and ensures that the deal is sound.

Valuation and Financing: Determining the value of the target company is essential. This includes assessing its assets, liabilities, earnings, and growth potential. The acquiring company also needs to decide how to finance the acquisition, whether through cash, stock, or a combination of both.

Negotiation and Deal Structure: Once due diligence and valuation are complete, the parties negotiate the terms of the deal. This includes the purchase price, payment method, and any conditions or contingencies. The structure of the deal can significantly impact the success of the integration process.

Regulatory Approvals: M&A deals often require approval from regulatory bodies to ensure they comply with antitrust laws and do not create monopolies. This step can be time-consuming and may require significant adjustments to the deal.

Integration: After the deal is finalized, the integration phase begins. This is where the real work happens, as the companies combine operations, cultures, and systems. Successful integration is key to realizing the expected benefits of the M&A.

Benefits of M&A for Businesses

Mergers and acquisitions offer several potential benefits for businesses:

Market Expansion: M&A allows companies to enter new markets and expand their customer base, often more quickly than organic growth would permit.

Increased Market Share: Through horizontal mergers, companies can consolidate their market position, reducing competition and increasing their share of the market.

Cost Synergies: M&A can lead to cost savings through economies of scale, shared resources, and reduced redundancies.

Access to New Technologies: Acquiring companies with advanced technologies can provide a competitive edge and foster innovation.

Diversification: Conglomerate mergers help companies diversify their business portfolio, reducing risk and stabilizing revenue streams.

While these benefits are compelling, they are not guaranteed and depend on effective execution and integration.

Challenges and Risks in M&A

Despite the potential benefits, M&A also comes with significant challenges and risks:

Cultural Integration: One of the most common challenges is merging different corporate cultures. A clash of cultures can lead to employee dissatisfaction, reduced productivity, and even the failure of the merger.

Regulatory Hurdles: Securing regulatory approval can be a complex and time-consuming process. Antitrust laws, in particular, can be a major obstacle, potentially leading to delays or the need to restructure the deal.

Financial Risk: Overpaying for a target company or underestimating integration costs can lead to financial strain. Poorly planned financing can also result in excessive debt.

Operational Disruptions: Integrating operations, systems, and processes can be disruptive and may affect business continuity if not managed carefully.

Employee Retention: Retaining key talent during and after an M&A is crucial. Uncertainty about the future can lead to a loss of valuable employees, which can negatively impact the success of the merger.

Understanding and mitigating these risks is essential for maximizing the success of an M&A deal.

The Role of Due Diligence in M&A Success

Due diligence is perhaps the most critical aspect of the M&A process. It involves a comprehensive assessment of the target company’s financial health, legal obligations, operational efficiency, and strategic fit with the acquiring company. Effective due diligence helps uncover potential risks, such as undisclosed liabilities, pending litigation, or operational inefficiencies, that could jeopardize the success of the deal.

A thorough due diligence process also provides valuable insights into the target company’s culture, helping to anticipate and address integration challenges. By understanding the strengths and weaknesses of the target company, the acquiring company can develop a more informed integration strategy, enhancing the chances of a successful merger or acquisition.

The Long-Term Impact of M&A on Businesses

The long-term impact of mergers and acquisitions on businesses can be profound. A successful M&A can lead to sustained growth, increased market share, and enhanced competitiveness. However, if not managed properly, it can result in financial losses, operational disruptions, and a tarnished reputation.

For businesses considering M&A, it is essential to have a clear strategy, conduct thorough due diligence, and plan for effective integration. By focusing on these key areas, companies can maximize the benefits of M&A while minimizing the risks.

In Conclusion

Mergers and acquisitions are powerful tools for corporate growth and transformation. However, they require careful planning, execution, and integration to realize their full potential. By understanding the basics of M&A, the types of mergers, the stages of the process, and the challenges involved, businesses can navigate this complex landscape with greater confidence and success. Whether you are a business leader, investor, or employee, being informed about M&A can help you better understand its implications and opportunities.

#M&A Simplified #jeffrey hammel

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healthcaremarketanalysis · 7 months ago

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Urology Devices Market worth $48.6 billion by 2028

Urology Devices Market in terms of revenue was estimated to be worth $34.1 billion in 2023 and is poised to reach $48.6 billion by 2028, growing at a CAGR of 7.3% from 2023 to 2028.

Download an Illustrative overview:

Browse in-depth TOC on "Urology Devices Market"

159 - Tables

44 - Figures

274 – Pages

North America is the largest regional market for urology devices market.

The market for urology devices has been divided into five key geographical regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2022, North America held the predominant portion of the urology devices market. This can be attributed to the region's advanced healthcare facilities and substantial healthcare investments, which are pivotal in fueling the requirement for urology devices. Moreover, the projected rise in urological procedures is anticipated to contribute to the expansion of the market. As the demand for urological procedures rises, so does the need for precise urological devices to ensure successful and safe procedures.

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Urology Devices Market Dynamics:

Drivers:

Rising incidence of urological diseases

Growing preference for minimally invasive procedures

Rising focus on R&D and product launches

Growing number of hospitals and surgical centers

Restraints:

High degree of consolidation among key players

Opportunities:

Growing Potential growth opportunities in emerging economies

Technological advancements

Challenge:

Increasing number of product recalls by key players

Shortage of skilled urologists

Key Market Players of Urology Devices Industry:

The major players operating in urology devices market are Fresenius Medical Care AG & Co. KGaA (Germany), Baxter International, Inc. (US), Boston Scientific Corporation (US), Becton, Dickinson and Company (US), B. Braun Melsungen AG (Germany), Cardinal Health (US), Olympus Corporation (Japan), Intuitive Surgical (US), Coloplast A/S (Denmark), Stryker Corporation (US), Teleflex Incorporated (US), Convatec Group PLC (UK), Medtronic PLC (Ireland), Karl Storz (Germany), Cook Medical (US), Richard Wolf GmbH (Germany), CompactCath (US), Dornier MedTech (Germany), Nikkiso Co., Ltd. (Japan), Dialife SA (Switzerland), Erbe Vision (Germany), Well Lead Medical Co., Ltd. (China), ROCAMED (Germany), EndoMed Systems GmbH (Germany), Amniso International, Inc. (US), Medispec (US), Medical Technologies of Georgia (US), Vimex Sp. z o.o. (Poland), Balton Sp. z o.o. (Poland), Hunter Urology (UK), Ribbel International Ltd. (India).

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Urology Devices Market Recent Developments:

In August 2023, Fresenius Medical Care AG & Co. KGaA (Germany), announced FDA Clearance for the product Versi HD with GuideMe Software.

In December 2022, Boston Scientific Corporation (US) and Acotec Scientific Holdings Limited (China) announced today that Boston Scientific will make a partial offer to acquire a majority stake, up to a maximum of 65%, of shares of Acotec, a Chinese medical technology company that offers solutions designed for a variety of interventional procedures.

In May 2022, B. Braun SE (Germany) entered into a distribution agreement, and B. Braun surgery division Aesculap has strengthened its long-term partnership with True Digital Surgery, a Californian company that is an expert in robotically controlled 3D digital visualization.

In April 2022, Baxter International, Inc. (US) Announces U.S. FDA Clearance of ST Set used for renal replacement therapy (CRRT)

In April 2021, Becton, Dickinson and Company (US) announced an investment of USD 65 million for the construction of a state-of-the-art medical facility in Tucson, Arizona (US), which will serve as a final stage manufacturing and sterilization center to improve overall efficiency, customer service, and supply chain in the US.

Urology Devices Market - Key Benefits of Buying the Report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall urology devices market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, opportunities and challenges.

The report provides insights on the following pointers:

Analysis of key drivers (Rising incidence of urological diseases, growing preference for minimally invasive procedures, rising focus on R&D and product launches, growing number of hospitals and surgical centers), restraints (high degree of consolidation among key players), opportunities (potential growth opportunities in emerging economies, technological advancements) and challenges (increasing number of product recalls by key players, shortage of skilled urologists) influencing the growth of the urology devices market.

Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the urology devices market.

Market Development: Comprehensive information about lucrative markets – the report analyses the urology devices market across varied regions.

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the urology devices market

Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Fresenius Medical Care AG & Co. KGaA (Germany), Baxter International, Inc. (US), Boston Scientific Corporation (US), Becton, Dickinson and Company (US), B. Braun Melsungen AG (Germany), among others in the urology devices market strategies.

#Global Urology Devices Market #Urology Devices Industry #Urology Devices Market Size #Urology Devices Market Growth #Urology Devices Market Outlook

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research--blog · 1 year ago

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Ambulatory EHR Market Worth $6.74 Billion by 2028 - Exclusive Report by Meticulous Research®

According to a new market research report titled ‘Ambulatory EHR Market by Delivery Mode (Cloud-based, On-premise), Practice Size (Large, Small-to-Medium, Solo), Application (Patient Portals, Practice Management, CDS, Computerized Physician Order Entry, PHM), and End User - Global Forecast to 2028’ published by Meticulous Research®, the ambulatory EHR market is expected to reach $6.74 billion by 2028 at a CAGR of 5.2% from 2021 to 2028.

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An ambulatory electronic health record (EHR) is a software program designed specifically for use in outpatient care settings and small practices. Ambulatory EHRs help physicians easily track a patient’s medical history and treatment, enabling them to better diagnose and effectively treat chronic illnesses. Patients’ full medical histories, which are preserved in an electronic archive, can be accessed by medical professionals. These reports include all records of operations or treatments that do not require hospitalization. Physicians can monitor a patient’s medical history and provide long-term care more easily using ambulatory EHR systems. Physicians use this software to gather detailed, relevant information about every patient, creating comprehensive databases of their personal health records. These extensive databases help doctors gain a better understanding of patients’ health, thereby simplifying diagnosis.

Growing government support for the adoption of EHR solutions, patients’ increasing preference for ambulatory care over in-patient care, and the rising need to reduce operating costs in the healthcare industry are key factors driving the growth of the ambulatory EHR market. The integration of artificial intelligence (AI) and machine learning (ML) technologies and the changing technological landscape in developing countries are expected to offer significant growth opportunities for the players operating in this market.

IT infrastructure constraints in developing countries and data security concerns are restraining the growth of this market. Additionally, high product replacement rates and the high cost of deploying ambulatory EHR solutions are expected to remain major challenges for market growth.

The Impact of COVID-19 on the Ambulatory EHR Market

Countries worldwide took urgent steps to detect and prevent the spread of COVID-19 after the WHO declared it a global pandemic in March 2020. Hospital capacities around the globe were overburdened due to the sudden inflow of COVID-19 patients. There was a growing burden on acute care settings, with in-patient beds almost completely occupied. As a result, ambulatory care settings gained importance as an alternate site for treatment.

Governments of various countries proposed modifying policies to alleviate the pressure on overburdened hospitals. For instance, in March 2020, the Centers for Medicare & Medicaid Services (CMS) provided guidance allowing ambulatory surgery centers (ASCs) to partner with local healthcare systems to provide hospital services. Elective and non-essential procedures were also suspended at the peak of the pandemic. Ambulatory surgical centers were, however, granted permission to perform outpatient procedures. Furthermore, the integration of healthcare IT solutions with ambulatory EHR solutions allowed physicians to gain a better understanding of their patients’ health, leading to more accurate diagnoses. In 2020, Oracle Corporation (U.S.) developed a National Electronic Health Records (EHR) Database and a suite of Public Health Management Applications to help U.S. public health departments and healthcare providers capture and interpret data related to COVID-19. Thus, the outbreak of the COVID-19 pandemic, as well as the increased burden on healthcare providers, drove the demand for EHR solutions, leading to the market’s growth.

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However, the implementation of new EHR systems was negatively impacted due to lockdown restrictions & social distancing protocols, and the diversion of healthcare budgets toward combating the COVID-19 pandemic. Travel restrictions and social distancing protocols were major challenges for sales and on-site implementation teams. Government measures to curb the spread of COVID-19 delayed the marketing, sale, and implementation of ambulatory EHR solutions and also affected investments in healthcare IT solutions, negatively impacting the ambulatory EHR market.

The ambulatory EHR market is segmented on the basis of deployment mode, by type, practice size, application, end user, and geography. The study also evaluates industry competitors and analyzes their market shares at the global and regional levels.

Based on deployment mode, the cloud/web-based segment accounted for the largest share of the market in 2020. Cloud/web-based solutions are gaining popularity worldwide as these solutions enable ambulatory centers to exchange and integrate data from multiple locations or systems in realtime. The advantages of cloud platforms, such as flexibility, real-time monitoring, data security, and lower implementation costs compared to on-premise deployment, drive the demand for these solutions.

Based on type, the all-in-one ambulatory EHR segment accounted for the largest share of the market in 2021. An all-in-one ambulatory EHR software is a pre-integrated software containing all EHR-related features. The ease of use, availability of all functionalities, and seamless software and hardware compatibility support the growth of this segment.

Based on practice size, the large practices segment accounted for the largest share of the market in 2021. Large practices are organizations with more than 50–100 physicians. It has been observed that the proportion of large practices is growing rapidly, while the proportion of smaller practices has dropped due to the rising consolidation of ambulatory centers. Smaller practices are disadvantaged in terms of health IT resources, while most small-to-medium-sized practices are expected to eventually join larger organizations. Thus, the rising number of large practices drives the growth of this segment.

Quick Buy – “Ambulatory EHR Market by Delivery Mode (Cloud-based, On-premise), Type, Practice Size (Large, Small-to-medium, Solo), Application (Patient Portals, Practice Management, CDS, Computerized Physician Order Entry, PHM), and End User - Global Forecast to 2028” Research Report: https://www.meticulousresearch.com/Checkout/29935458

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kattechsystems · 2 years ago

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Internet of Things (IoT) in healthcare: benefits, use cases and evolutions

In recent years, the healthcare sector has made a significant shift to digitalization. The way doctors and hospitals provide care for their patients is changing as a result of digital technologies like IoT devices and monitors. This is a significant development in streamlining healthcare, reducing expenses, and enhancing access to vital medical information.

From $41 billion in 2017 to $158 billion in 2022, the global market has grown dramatically and is now known as the Internet of Medical Things (IoMT) which will flourish as the years come by. A constant stream of real-time health information and vital signs, including heart rate, blood pressure, and glucose monitoring, is provided through IoT devices. Moreover, various IoMT medical devices are launching for everyone such as smart beds, thermometers, EKGs, ultrasounds, and much more.

Benefits of IoT in healthcare

IoT adoption has undeniable advantages for medical professionals and the patients they care for. Among the most typical advantages:

Better Patient Experience – Healthcare facilities are improved when patients are linked to their doctors and families. Remotely tracking devices for vital signs and symptoms make physical spaces smarter, increasing operational and clinical efficiency that results in a more personalized experience.

Precise diagnosis – Personal monitoring devices provide real-time information (such as blood pressure and glucose monitors). They offer information to evaluate past treatments, diagnose symptoms, minimize errors, and enhance ongoing disease management.

Lower Costs – Remote IoT monitoring lowers hospital and physician office operational costs. Additionally, accessing and analyzing electronic healthcare records is less expensive than paper ones.

Common uses of IoT in healthcare

IoMT use cases are becoming more prevalent in the healthcare industry. Among the most well-known and significant IoT applications in healthcare:

Management of Diabetes

The number of adults in the U.S. who have diabetes or prediabetes has risen to over 100 million, making blood sugar level tracking an essential and thriving industry. In the past, diabetes patients had to prick their fingernails to check their blood glucose levels. Unfortunately, this cumbersome approach causes some people to examine less frequently than they ought to, which could raise the risk of long-term issues. Patients were more at risk for dangerous swings in their blood sugar levels since there were no real-time data available.

The rise in IoT simplifies glucose monitoring devices and their use in managing diabetes. Patients can wear these wrist sensors to monitor their blood sugar levels and integrate the information into a reader and smartphone tracking software. The data is wirelessly transferred to the main system that gives you instant updates when you take a glucose reading.

Virtual Hospitals

The smart IoT technology created an innovative new environment called "hospitals without walls". When you wear personal wearables, it gives the patient and the physicians to provide long-term care remotely right in the comfort of patients’ homes. Patients gain from the ease and speed of care, not to mention freeing up hospital beds for patients who require in-person intensive care. In Sydney, Australia, there is a virtual hospital launched in 2020, right as the epidemic was starting to spread. The hospital was rebuilt to offer remote care for patients displaying COVID symptoms by using armpit patches to check body temperature and pulse oximeters (placed on a finger) to detect heart rates and oxygen saturation levels. The data was immediately transmitted to virtual hospital staff using a smartphone app.

Smart Labs

The lab equipment used in today's smart labs can track and send data pertaining on science and health. Researchers and medical practitioners from several disciplines can rapidly and accurately collect and exchange lab results among themselves to accelerate analysis. Alerts can be put up to help prevent equipment breakdowns and the loss of important product information and materials, such as missing medical samples. Researchers can collaborate more effectively in smart labs, and they can speed up the release of critical medical goods for the general population.

d. COVID Impact on IoT in healthcare

Since the epidemic started, development in the healthcare industry has dramatically increased. The usage of multiple wireless monitoring IoT devices and the increased use of video chat by healthcare professionals allows patients to receive real-time care without having to see a physician in person. Insurance payers have also backed the change, with some of them issuing exemptions that permit payment equality for medical services provided in-person or virtual. Virtual treatment seems to be the latest trend as the world recovers from the pandemic, and even ordinary follow-up and feedback may be completely avoided.

Making a Difference with IoT in Healthcare

One of the sectors using IoT devices for the benefit of people everywhere may be the healthcare sector. IoT is having a major impact on everything from constant healthcare monitoring to virtual hospitals and labs, and anyone can get a start in the exciting subject of IoT with the correct training and preparation.

How do we help?

We at Kat tech Systems are the top software development company in Chicago. We provide you with healthcare IT solutions for healthcare companies who are looking forward to creating an intelligent system for common people.

Our IT Solutions for the healthcare industry include creating smart web and mobile apps that connect with your patients’ medical devices and deliver accurate results. We provide customized solutions for our clients and do not believe in one-size-fits-all. This is what sets us apart from the rest.

Want to know more? Feel free to call us at 001-630 233 8643.

#best IoT development companies in Illinois #best IT consulting firms in Chicago #IoT in healthcare #IT Solutions for the healthcare industry #top software development company in Chicago

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techtiger · 4 years ago

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The Role Of Voice Recognition Technology In AI And Machine Learning.

Speech recognition technology is something that has been dreamed of and worked on for many decades.

From the beep-bopping of R2-D2 in Star Wars to Samantha's dissatisfied but charming voice, science fiction writers have played a big role in shaping expectations and predictions about how speech recognition will be in our world...

However, for all advances in modern technology, voice control is a very sophisticated relationship.

It is felt to be historically helplessly clear and nothing but a novelty to simplify our lives. That is until we start to get more into the field of big data, intensive learning, machine learning, and AI technology. Similarly, text to speech is a technology similar to voice recognition that converts digital text into voice. Text to speech technology makes computer to read text aloud from the text document. There are many best free text to speech software that you can use to let your device read for you without looking at the text.

Voice Recognition: A Brief History

As with any technology, what we know today comes from nowhere, someone and someone else.

The first recorded attempt at speech recognition technology was in 1,000 AD. However, the tool that can answer direct questions “yes” or “no” comes back through development.

Although the experiment does not technically involve voice processing in any form, the idea behind it must be part of the foundation of speech recognition technology: the use of natural language as an input to speed up the action.

Centuries later, Bell Laboratories worked to develop "Audrey", which could detect vowel-speaking numbers 1-9.

Later, IBM developed a device that could detect and distinguish 16 spoken words.

These successes have greatly enhanced the dominance of technology companies focusing on speech-related technologies. The Department of Defense also wanted to join the action. Researchers are working steadily toward the goal of making machines more capable of comprehending and responding to our verbal commands.

The history of speech recognition technology is long and winding. However, today’s speech systems such as Google Voice, Amazon Alexa, Microsoft Cortana, and Apple’s Siri are not where they are today, there are no early pioneers.

Thanks to the integration of new technologies such as cloud-based processing and ongoing data collection projects, these speech systems have improved the ability to constantly hear and understand a wide variety of words, languages , and voices.

At this rate, the predictions of future writers are not as far-fetched as we might think.

The Voice Recognition Process: How Does It Work?

Around smartphones, smart cars, smart home appliances, voice assistants, and more, it's easy to know how speech recognition technology works.

Why?

Because it is easy to be misled by digital assistants. Speech recognition is still very complicated.

Think about how a child learns a language.

From day one, they hear the words used around them. Parents talk to their child, and even if the child does not respond, they perceive all kinds of sound signals; Noise, reflection, and pronunciation; Their brain designs and makes connections based on how their parents use their language.

Although it may seem difficult for humans to hear and understand, we train all our lives to develop this so-called natural ability.

Speech recognition technology essentially works the same way. Although humans have improved our process, we have yet to identify the best practices for computers. We must train them in the same way that our parents and teachers trained us. In addition, this type of training requires vision, research, and manpower.

These speech recognition systems take longer and more field data to complete; Thousands of languages, voices, and dialects need to be considered.

To say that we have not made progress; As of May 2017, Google's machine learning algorithm has now achieved a 95% word accuracy rate for the English language. This current rate is a limit to human accuracy, take care of yourself.

What is the best voice assistant?

So far, we have all heard and/or used speech recognition systems; They entered the technological ecosystem to become a means of communication between humans and technology.

Voice input is a more efficient form of computing, as Mary Meeker said in her annual Internet Trends report: Humans can speak an average of 150 words per minute, but can only type 40. Farewell texting and push buttons - we're so busy now bus.

What has become the dominant form of computing is that speech recognition is unbelievable. In addition to regional accents and speech impediments, background noise can make word recognition difficult. Not to mention multiple-voice input.

In other words, recognizing sounds alone is not enough.

These speech recognition systems must be able to distinguish between homophones (words that sound the same but mean something different), to distinguish proper names from separate words ("Tim Cook" is an individual, not merely a search request for a cook called Tim), and more.

Ultimately, speech recognition accuracy determines whether or not they become voice assistants. It certainly answers the question of which voice assistants are the best on the market right now; In terms of speech accuracy, innovation and usability, and compatibility with other smart systems.

Apple’s Siri

Apple's Siri was the first voice assistant launched by mainstream tech companies in 2011.

Since then, it has been integrated into all iPhones, iPods, Apple Watch, Homepod, Mac computers, and Apple TVs.

Through your phone, Siri is being used as a major user interface for automobiles and wireless AirPods earbuds in Apple's Carplay infotainment system.

With the release of Sirikit, a development tool that allows third-party companies to integrate with Siri and HomePod‌, Apple's initiative Intelligent Speaker (after the success of Amazon Echo and Google Home), voice assistant capabilities Become strong.

There is always Siri with you, whether on the road, at home or even literally on your body. This gives Apple a big advantage in terms of adoption.

Although Apple has a big head when it comes to Siri, many users are frustrated by the inability of the device to understand and execute voice commands.

Naturally, being as quick as possible means getting too many errors for a function that does not work as well as the function.

But, to this day Siri is notorious for misinterpreting voice orders, even by providing a list of nearby liquor stores to respond to requests for help with alcohol poisoning.

If you ask Siri to send you a text message or call on your behalf, it can be done easily. However, when it comes to communicating with third-party apps, Siri is slightly less powerful than its rivals, working with only six types of apps: ride-hailing and sharing; Message and call; Photo search; Payment; Fitness; And auto infotainment system.

Why?

Because Apple advises that "users should not use voice commands without human experience, and what can be done to ensure that Siri works well". Is ", Reuters reports.

Siri will open any ride service app on your iPhone and you can book on the go. Gives you options like traveling to the airport and ordering a car.

Focusing on the system capability of follow-up questions, language translation, and re-incorporation of Siri's voice into a more human-Esque will definitely help to iron out the voice assistant's user experience.

In addition, Apple controls its rivals by country in terms of availability and thus makes sense of the slang of a foreign accent. Siri is available in more than 30 countries and over 20 languages - and, in some cases, many different dialects.

By comparison, Google Home is only available in seven countries and can only speak four languages 'simply' (English, German, French and Japanese), although it does support multiple versions of some languages. Alexa, on the other hand, can only handle English (U.S. and U.K.) and German.

Amazon Alexa

Inside Amazon's smash-hit Amazon Echo smart speakers, as well as the newly released Echo Show (voice-controlled tablet) and Echo Spot (voice-controlled alarm clock), Alexa is one of the most popular voice assistants today.

While Apple focuses on areas where it has the capacity and expertise to meet its needs, Amazon does not impose such restrictions on Alexa.

Instead, a voice assistant with a lot of "skills" (the term for applications on your Echo Assist devices) will "get the reliable following, even if they make occasional mistakes and are easy to use." Will try harder ".

Although some users have set Alexa's word recognition rate as a shadow behind other voice platforms, the good news is that Alexa will adapt to your voice over time with those with your unique voice or dialect. The problem can also be solved.

In terms of skills, Amazon's Alexa Skill Kit (ASK) probably pushed Alexa into a bonafide platform. ASK allows third-party developers to create applications and tap into Alexa's power without local support.

With over 30,000 skills and growing, Alexa has integrated Siri, Google Voice, and Cortana in terms of third-party integration. With the incentive to "add voice to your big ideas and more customers" (not to mention the ability to build for free in the cloud, "no coding knowledge required"), it's no surprise that developers are putting content on the skills platform. To

While some may not be able to help draw parallels with Apple's Appstore, it's catching the attention of developers trying to keep content - any content - on their platform regardless of whether it's worthwhile or not.

Its integration with smart home devices such as cameras, door locks, entertainment systems, lighting, and thermostats is another big selling point for Alexa.

Lastly, give users complete control over their home whether they are in bed or on the move. With Amazon's Smart Home Skill API (another third-party developer tool similar to ASK), you'll be able to control devices connected to customers from millions of Alexa-enabled endpoints.

When you ask Siri to add something to your shopping list, she adds it to your shopping list - without actually buying for you. Alexa goes one step further though.

If you ask Alexa to re-order her debris bags, she will go through Amazon and order them. You can order millions of Amazon products without lifting a finger; Natural and unique ability to surpass Alexa's rivals.

Microsoft’s Cortana

Based on the artificially intelligent role of the 26th century in the Halo video game series, Cortana launched in 2014 as part of Windows Phone 8.1, the next major update to Microsoft's mobile operating system.

At the end of 2017, Microsoft announced that its speech recognition system had reached an error rate of 5.1%. It surpassed the 5.9% error rate reached by a team of researchers from Microsoft Artificial Intelligence and Research in October 2016 and keeps its accuracy on par with professional human transcription, with benefits such as the ability to hear text multiple times.

In this race, every inch is important; When Microsoft announced its 5.9% accuracy rate at the end of 2016, they were ahead of Google. However, the fastest-moving year surpasses Google - but only 0.2%.

While percentages and accuracy rates are important, Cortana distinguishes itself from other voice assistants based on real, human-assisted assistants.

Rival services dig into data from devices, your search history, cookie trails you left on the Internet. While this is often useful, it can also be annoying in the form of non-stop notifications or it can scare the smart system into knowing too much about you.

We all saw 2001: the mother of all sensitive computers, the HAL 9000, was murdered with her pale red-eye and soft-butter robot voice.

To prevent this, Microsoft spoke with several high-level personal assistants, all of whom found that they had notebooks with important information about the person they were looking at. It was this simple idea that prompted Microsoft to create a virtual "notebook" for Cortana that would store personal information and anything Cortana approved for viewing and use.

It's not a privacy control panel, but it's exactly what Cortana does and gives you a little more control over what's not accessible.

For example, if you are not comfortable with Cortana accessing your email, you can add or remove access to your notebook. Another special feature? Cortana always asks you if she stores any information in her notebook.

Microsoft has teamed up with Halo developers on visual themes as well as voice actress Jane Taylor for Cortana's voice. These elements bring Cortana to life and form the personality and emotion to a system that would not have happened without that cooperation. Cortana’s personality shines through in everyday use - along with funny reactions from her circuit boards.

In addition to Google Assistant and Google Search, Cortana is supported by Microsoft's Bing search engine. This allows Cortana to chew up the data needed to answer your burning questions.

And, like Amazon, Microsoft has come up with its own home smart speaker, the Invoque, which performs many of the functions of its rival devices. As soon as Microsoft hits the market there is another big advantage - Cortana is available on all Windows computers and mobiles running Windows 10.

Google Assistant

One of the most common responses to a question these days is "LMGTFY". In other words, "Google me".

This only makes sense when Google Assistant talks about answering (and understanding) any questions.

From asking to translate a phrase into another language, to change the number of butter columns to one cup, Google Assistant not only provides the correct answer but also provides some additional context and source information for the website This suggests that Google's powerful search technology supports it, perhaps with a surprising exception.

Although Amazon's Alexa was released two years ago (via the Echo introduction) than Google Home, Google has made significant progress in capturing Alexa in a very short period of time. Google Home was released in late 2016, and within a year, it had already established itself as Alexa's most meaningful rival.

By the end of 2017, Google had stated a 95% word accuracy rate for American English; Currently the highest of all voice-assistants. It turns out to have a word error rate of 4.9% - Google is the first in the group to fall below the 5% limit.

While some have tried to strike back at Amazon, Google has released several similar products for Amazon. For example, Google Home is reminiscent of Amazon's Echo and Amazon Echo Dot's Google Home Mini.

Recently, Google announced some new, important partnerships with Lenovo, LG, and Sony to launch a series of assistant-powered "smart displays" that will once again resemble Amazon's Echo Show.

Nuance’s Dragon Assistant and Dragon Naturally Speaking.

Although Nance did not come with a smart home speaker, their Dragon Assistant, and Dragon natural speech systems have been used as the backbone of speech recognition for other technology companies. "I need to be able to talk without touching my phone," said Vlad Sejonha, chief technology officer at Nance Communications. "It's constantly listening for trigger words and pop up the calendar or create a text message or browser where you want to navigate".

Nance's voice-recognition technology is largely centered around speech systems in the car; Embedded dictation capability and bringing interactive information to the car.

“Another development involves a deeper level of understanding,” says Nance’s lead solution architect John West.

West argues, "Here, the goal is not just to identify speech, but to gather meaning and purpose that enables voice-driven systems to respond intelligently, in a way that meets the needs of the user."

What is the best voice assistant?

Here's what we know

With over 400 million devices using Google Assistant, including Google Home speakers and Android phones, the company's voice assistant is now installed on more than 400 million computers and devices.

Similarly, Microsoft has officially stated that Windows 10 has 400 million active users; Exclude mobiles running a single system.

Since Amazon’s Alexa is only available on their Echo speakers, this number will definitely reduce the number of dwarves competing against Alexa.

On the other hand, with over 300 million iPhones worldwide by mid-2001, Siri took advantage of this space - not to mention the number of people who owned an Apple Watch, MacBook, or iPad.

With the support of millions of pre-existing users for the tech giants mentioned above, a simple software update is needed to integrate their post-voice assistants worldwide.

For example, people with Google's Pixel phones will be part of the Google Ecosystem. They are more likely to invest in Google Home Speaker, so they can get entangled with YouTube, Google Search, Google Maps, and more. Apple, Amazon, and Microsoft users are the same, without the least repetition of what ecosystem and what products they spend on.

It may depend on the use case.

After all, there is no one-size-fits-all winner when it comes to voice assistants.

If you like the Apple-consumer, Siri and its wide distribution across all Apple products will help you.

If you want to make your home a smart home, Alexa already has thousands of software and hardware integrations ready.

If you've been looking for a helper who can answer all your weird and amazing questions, Google Assistant's search engine will find the rest. If you want a little more control over what information your digital assistant has access to, Microsoft's Cortana has that functionality.

Collaboration that sets the bar high

The recently announced partnership between Microsoft and Amazon on August 30, 2017, is the real deal-breaker here.

This is correct. Alexa and Cortana are officially working together. Since both companies do not have popular smartphones (unlike Google and Apple), they have changed their assistants to suit their strengths.

Users can say "Alexa, Open Cortana" on their Echo devices and "Open Cortana, Alexa" on their Windows 10 devices.

Alexa customers will be able to remember Cortana's special features, such as booking meetings or accessing work calendars, picking flowers, or read your work email on your way home.

Similarly, Cortana customers can ask Alexa to control their smart home devices, shop on Amazon.com, and communicate with more than 30,000 skills built by third-party developers.

Therefore, in terms of voice-activation and digital assistants leading this new industry, Amazon definitely takes the cake.

The company not only supports the creation of other voice-activated technologies through their ASK and Smart Home APIs, but they are also the original inventors to create a smart home speaker with a smart home speaker and screen.

In other words, they are moving faster (and moving forward) than their rivals, all of which are new by continuing to share.

Speech Recognition in-Car

Voice-activated devices and digital voice assistants not only make things easier.

It’s also about safety - at least when it comes to speech recognition in the car.

Companies like Apple, Google, and Nance are completely changing the driver experience in their vehicles; Allows drivers to focus on the road with the intention of eliminating the distraction of looking down on their mobile phones while they drive.

Instead of texting while driving, you can now tell who to call your car to or which restaurant to navigate.

Instead of scrolling through Apple Music to find your favorite playlist, you can ask Siri to find and play it for you.

If your car is running low on fuel, your speech system will not only let you know if your car needs refueling but also point to the nearest fuel station and ask if you have any specific brands. Priority to this

Or you can be warned that the petrol station of your choice is too far to reach with the rest of the fuel.

As advantageous as it may seem in the ideal scenario, speech technology in a car is dangerous if applied before high-speed accuracy. The study found that voice-activated technology in cars actually causes a higher level of cognitive distraction. This is because it is as new as technology; Engineers are still working on software kinks.

But, as rate speech recognition technology and artificial intelligence are improving, we can’t stay behind the wheel in a few years.

Speech Recognition Apps and Devices

Voice assistants are making a big difference in our personal lives, according to a recent study by Voice Labs that 30% of respondents cite smart home devices as the main reason for investing in Amazon Echo or Google Home.

This next generation of 'communication' technology provides users with a way to use the clumsy remote control interface.

Therefore, it allows consumers to talk and communicate with their electronics as they further increase the ease of human use and reduce the barrier to access to technology products.

Engineers must work hard to create an abundance of voice-controlled devices that can integrate with the voice technology of leading digital assistants; From appliances and safety devices to thermostats and alarm systems.

Nest, for example, is a company that invests capital in the new voice-technology frontier. “Your smart home should not be dumb,” the company said.

With the Nest Thermostat, you can use the Amazon Echo to control the temperature in your home with simple voice commands. Or, pre-order the Nest Hello Video Doorbell and get the Google Home Mini at no cost when shipping. From alarm systems to smoke and carbon monoxide alarms, Nest Protect thinks, speaks, and warns your device.

Bringing these voice assistants to the office in future applications of speech recognition, beyond the home.

In late 2017, Amazon announced new voice-activated tools for the office, hoping that verbal commands such as "Alexa, Print My Spreadsheet" would extend to normal office tasks. Microsoft's Cortana has begun to handle some other office tasks, such as scheduling meetings, recording meeting minutes, and arranging travel.

Today, only a handful of high-ranking officials have their own personal assistants. With the introduction of AI digital assistants in the workplace, everyone can be one.

To access the company's financial data from last week to last year, please ask your Google Assistant to create a graph showing the year's increase in click-through rates - there are many uses for implementing Digital-Assistant in the workplace.

Think about it - just like electronic computers, voice can go manually through the files on your computer so that paper records can be easily changed shortly before.

Video Games with Voice Control

In these use cases, speech recognition techniques have been implemented with the aim of simplifying our lives, which is also evolving in other areas. Namely, in the gaming industry.

Creating video games is already exceptionally difficult.

Plots, gameplay, character development, customizable gear, lottery systems, worlds, etc. can take years to display properly. Not only that, the game can change and adapt based on the actions of each player.

Now, imagine adding another level to gaming with Speech Recognition technology.

Many companies that create this idea do so with the intention of making gaming more accessible to those who are visually and/or physically challenged, as well as immersing players further in the gameplay by launching another layer of integration.

Voice control can reduce the learning curve for beginners, with less emphasis on recognizing controls; The player can start talking immediately.

In other words: it can now be very challenging for game developers to collect hundreds (if not thousands) of voice data, speech technology integration, testing, and coding to keep their international audience.

However, despite all the goals that tech companies are shooting and overcoming challenges, there are already video games that believe the benefits outweigh the barriers.

Even mobile games and apps are now capable of using voice-activation in addition to the classic console and PC versions. Seaman, starring Leonard Nimoy as a sarcastic man-fish, debuted in the late 1990s, and Mass Effect 3, released in 2012, is just the latest example of speech technology in video games.

What is our history, where are we going?

Speech recognition has made major advances in the last decade; it's been 1,000 years in the voice technology market. Magic eight ball to today.

The intense level of competition we see among these tech giants in the industry and the growing trend of companies creating materials in space indicates that we still have a long way to go.

#voice recognition technology #voice recognition software #using speech recognition

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newstfionline · 4 years ago

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Thursday, April 22, 2021

Arizona third-grader holds food drives to help in pandemic (AP) Neighbors walked by during their morning stroll, passing families waved from their bikes and drivers slowed down long enough to read the hand-drawn sign—“Dylan’s Food Drive.” The poster was taped to two PVC pipes that were stuck inside construction cones for support. It was a typical scene for 8-year-old Dylan Pfeifer, who has been staging food drives from his home in metro Phoenix in response to the pandemic. Each drive is the culmination of hours of work that involves drawing posters, going door-to-door to hand out flyers and working with his mother to post information on Facebook. Dylan has hosted three drives from his home in Chandler, about 20 miles (32 kilometers) southeast of Phoenix. He said he is planning his next one in June, when summer vacation begins. Dylan says he has collected more than 1,000 cans and boxes of nonperishable food and more than $900 in donations. On its website, St. Mary’s Food Bank in Phoenix says it can convert $1 into seven meals, meaning Dylan has been able to provide more than 6,500 meals on just monetary donations. “It’s rare that you see kids at Dylan’s age who have a handle on what the problem is in their community, the people around them who are affected by it, and have the courage to do something about it,” said Jerry Brown, director of media relations at St. Mary’s Food Bank Alliance. Erin Pfeifer said the best part for her, as his mother, has been watching Dylan grow.

Verdict heard around the world: Global reactions to the George Floyd case (Washington Post) The conviction of former Minneapolis police officer Derek Chauvin in the killing of George Floyd resonated globally, with foreign dignitaries and community leaders reacting to a verdict that revived calls for an international reckoning on racial inequality in justice systems around the world. Chauvin, who is White, was found guilty Tuesday of second-degree unintentional murder, third-degree murder and second-degree manslaughter in the death of Floyd, a Black man he pinned down outside a Minneapolis grocery store last year. Foreign media outlets ran live coverage, showing how the trial resonated far beyond its national context, and highlighting the outsized role the U.S. racial justice conversation plays internationally, as the rest of the world is forced to grapple with its own race relations. Floyd’s killing in May proved to be a moment of reckoning not only in the United States but also across the world, as protesters took to the streets calling for justice in his case and pointing to what they saw as parallels in their communities. In Japan, crowds last year gathered in Osaka holding signs that read “Black lives matter,” while in Germany, protesters took to the streets of Berlin holding placards that said “White silence is violence” and “I can’t breathe.” In Britain last year, they chanted for Mark Duggan, a 29-year-old who was shot by police during his attempted arrest in 2011. In France, they said the name Adama Traoré, a 24-year-old who died in police custody in 2016. In Australia, where Floyd’s death last year spurred a resurgence in activism over Indigenous people’s deaths in police custody, the guilty verdict led to fresh calls for authorities to scrutinize more than 400 Aboriginal deaths in custody.

Surveillance Nation (BuzzFeed News) A controversial facial recognition tool designed for policing has been quietly deployed across the country with little to no public oversight. According to reporting and data reviewed by BuzzFeed News, more than 7,000 individuals from nearly 2,000 public agencies nationwide have used Clearview AI to search through millions of Americans’ faces, looking for people, including Black Lives Matter protesters, Capitol insurrectionists, petty criminals, and their own friends and family members. BuzzFeed News has developed a searchable table of 1,803 publicly funded agencies whose employees are listed in the data as having used or tested the controversial policing tool before February 2020. These include local and state police, US Immigration and Customs Enforcement, the Air Force, state healthcare organizations, offices of state attorneys general, and even public schools. In many cases, leaders at these agencies were unaware that employees were using the tool. Such widespread use of Clearview means that facial recognition may have been used in your hometown with very few people knowing about it. The New York City–based startup claims to have amassed one of the largest-known repositories of pictures of people’s faces—a database of more than 3 billion images scraped without permission from places such as Facebook, Instagram, and LinkedIn. If you’ve posted images online, your social media profile picture, vacation snapshots, or family photos may well be part of a facial recognition dragnet that’s been tested or used by law enforcement agencies across the country.

Violence erupts as Mexico’s deadly gangs aim to cement power in largest ever elections (The Guardian) Violent clashes between rival Mexican criminal groups—and their alleged allies in the security forces—are escalating ahead of mid-term elections in June, triggering a string of political assassinations and the forced displacement of thousands. With more than 21,000 posts in local, state and national government up for election—including 15 state governorships—the 6 June polls are the largest in Mexico’s history, and criminal groups see the elections as an opportunity to further their interests. Much of the recent fighting has focused on the western state of Michoacán, where the Cartel Jalisco Nueva Generación (Jalisco New Generation cartel) has stepped up its conflict with an alliance of local groups calling themselves the United Cartels. The violence has forced more than a thousand people to flee the area, feeding the flow of migrants heading to the US to seek asylum. “They are leaving because they get caught in the crossfire, because their homes have been destroyed, [and] because the main roads into [the area] have been carved up to stop the advance of the Jaliscos,” said Gregorio López, a Catholic priest who has sheltered refuges in the nearby city of Apatzingán. The Jalisco cartel, Mexico’s fastest-expanding criminal network, considers Michoacán, rich in international trafficking routes and extortion markets, a key building block in its bid for national criminal hegemony. But its decade-long attempt to take over the region has so far been frustrated by the local opponents’ deep political and social roots. With neither side able to impose its designs on the other or willing to back down, more than 15,500 homicides have been recorded here from January 2011 to February this year.

In Putin’s Standoff With Navalny, Many Russians Put Faith in President (WSJ) Thousands of demonstrators are expected to take to the streets in many Russian cities Wednesday in support of Alexei Navalny, the jailed opposition leader who has galvanized popular discontent with the long rule of President Vladimir Putin. But even as the opposition leader stirs dissent, Mr. Putin can count on the support of many Russians who either trust in his leadership, fear the uncertainties of political change or disapprove of Mr. Navalny and his protest movement. “If it were up to me, Putin would stay another 20 years in power,” said fashion designer Irina Larkina from her home in a drab apartment block in this Russian city on the Baltic sea. “He’s the one who has boosted our living standards and given us respect for ourselves again.” Even amid falling living standards and Western sanctions, Mr. Putin continues to enjoy enviable approval ratings. Sociologists say while few may feel deep support for Mr. Putin, the Kremlin can continue to count on approval ratings of around 60%. “There’s a point at which popularity won’t fall any further,” said Lev Gudkov, head of independent polling organization Levada Center. “The country has fallen into two camps, but the Kremlin knows there is a wealth of support it can still draw from within the population, even though it’s fallen in recent years,” he added.

Indian hospitals buckle amid virus surge (AP) Seema Gandotra, sick with the coronavirus, gasped for breath in an ambulance for 10 hours as it tried unsuccessfully to find an open bed at six hospitals in India’s sprawling capital. By the time she was admitted, it was too late, and the 51-year-old died hours later. Rajiv Tiwari, whose oxygen levels began falling after he tested positive for the virus, has the opposite problem: He identified an open bed, but the resident of Lucknow in Uttar Pradesh can’t get to it. “There is no ambulance to take me to the hospital,” he said. These tragedies are now everyday occurrences in the vast country, which is seeing its largest surge of the pandemic so far and watching its chronically underfunded health system crumble. Tests are delayed. Medical oxygen is scarce. Hospitals are understaffed and overflowing. Intensive care units are full. Nearly all ventilators are in use, and the dead are piling up at crematoriums and graveyards. India recorded over 250,000 new infections and over 1,700 deaths in the past 24 hours alone, and the U.K. announced a travel ban on most visitors from the country this week. Overall, India has reported more than 15 million cases and some 180,000 deaths—and experts say these numbers are likely undercounted. “The surge in infections has come like a storm and a big battle lies ahead,” Prime Minister Narendra Modi said in an address to the nation Tuesday night.

Further evidence in case against Indian activists accused of terrorism was planted, new report says (Washington Post) An unknown hacker planted more than 30 documents that investigators deemed incriminating on a laptop belonging to an Indian activist accused of terrorism, a new forensic analysis finds, indicating a more extensive use of malicious software than previously revealed. The report will heighten concerns about the controversial prosecution of a group of government critics under Prime Minister Narendra Modi. Known as the Bhima Koregaon case, the prosecution is considered a bellwether for the rule of law in India. Human rights groups and legal experts view the case as an effort by the government to clamp down on critics. The space for dissent has diminished in Modi’s India, where journalists, activists and members of nongovernmental organizations have faced arrest and harassment. The activists accused in the case deny the charges against them. They include a prominent academic, a labor lawyer, a leftist poet, a Jesuit priest and two singers. All are advocates for the rights of the country’s most disadvantaged communities and vocal opponents of the ruling party. Many of them have been jailed for nearly three years as they await trial.

Community pantries offer reprieve from covid-19 hardships in the Philippines (Washington Post) They were of different ages, genders, and walks of life. Some had been there since sunrise. A number carried umbrellas and canvas bags. Hundreds stood in a line that stretched three blocks on Wednesday, all waiting for their turn to stock up on donated food. The community pantry, as it is known, bore a sign: Give what you can, take what you need. A week after the initiative began as a humble cart with free vegetables and canned goods, over 300 similar donation-driven efforts have popped up across the Philippines. The grass-roots action underlines the economic pain Filipinos are experiencing as they battle one of Southeast Asia’s worst coronavirus outbreaks and a harsh lockdown. The idea began when a small-business owner teamed up with local vegetable vendors and farmers who offered their produce to those in need. Within days, it grew into a multi-sector effort encompassing a variety of food and essential items—bread, eggs, fruit, rice, water, noodles—donated by rich and poor alike.

Iran Rattled as Israel Repeatedly Strikes Key Targets (NYT) In less than nine months, an assassin on a motorbike fatally shot an Al Qaeda commander given refuge in Tehran, Iran’s chief nuclear scientist was machine-gunned on a country road, and two separate, mysterious explosions rocked a key Iranian nuclear facility in the desert, striking the heart of the country’s efforts to enrich uranium. The steady drumbeat of attacks, which intelligence officials said were carried out by Israel, highlighted the seeming ease with which Israeli intelligence was able to reach deep inside Iran’s borders and repeatedly strike its most heavily guarded targets, often with the help of turncoat Iranians. The attacks, the latest wave in more than two decades of sabotage and assassinations, have exposed embarrassing security lapses. Most alarming for Iran, Iranian officials and analysts said, was that the attacks revealed that Israel had an effective network of collaborators inside Iran and that Iran’s intelligence services had failed to find them. “That the Israelis are effectively able to hit Iran inside in such a brazen way is hugely embarrassing and demonstrates a weakness that I think plays poorly inside Iran,” said Sanam Vakil, deputy director of the Middle East and North Africa Program at Chatham House.

With most adults now vaccinated, Israelis are busting loose (Washington Post) Israel is partying like it’s 2019. With most adults now vaccinated against the coronavirus and restrictions falling away—including the lifting this week of outdoor mask requirements—Israelis are joyously resuming routines that were disrupted more than a year ago and providing a glimpse of what the future could hold for other countries. Restaurants are booming outside and in. Concerts, bars and hotels are open to those who can flash their vaccine certificates. Classrooms are back to pre-covid capacity. The rate of new infections has plummeted—from a peak of almost 10,000 a day to about 140—and the number of serious coronavirus cases in many hospitals is down to single digits. The emergency covid-19 ward at Sheba Medical Center near Tel Aviv resumed duty as a parking garage, and waiting rooms are suddenly flooded with non-covid patients coming for long-deferred treatments.

Rebels threaten to march on capital as Chad reels from president’s battlefield death (Reuters) Rebel forces set their sights on Chad’s capital N’Djamena on Wednesday following the battlefield death of President Idriss Deby, threatening to bring more disruption to a country vital to international efforts to combat Islamist militants in Africa. Schools and some businesses were open in N’Djamena on Wednesday but many people had opted to stay home and the streets were quiet, a Reuters witness said.

#headlines #news

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tempobowl0 · 4 years ago

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Reporting Foreign Real Estate Rental Income

This form is due by 15th day of the 3rd month after the end of the trust’s tax year. irs form 8865 U.S. citizens and U.S. residents who are the tax owners of a Foreign Disregarded Entity are responsible for filing Form 8858, Information Return of U.S. U.S. persons with assets located outside the United States may be subject to additional reporting. Starting in tax year 2013, the form had to be filed by any individual who had a PFIC value that exceeds the specific exemption/exclusion amounts. The U.S Government takes a very heavy hand against taxpayers on issues involving the reporting of foreign mutual funds. If you are out of compliance for failing to report foreign assets to the IRS, IRS Offshore Voluntary Disclosure is one of the best and safest methods for getting back into compliance. Finally, do keep in mind that the value of these specified foreign (non-Canadian) properties need to be reported both in Canadian dollars and in the foreign currency. The exchange rate to be used to convert from the foreign currency to Canadian dollars should be based on the exchange rate in effect at the time of the transaction. That is, at the time the income was received from the property, or the exchange rate on the date the property was purchased. For income received from the specified foreign property an average exchange rate may be used. However, while you should be careful with your FBAR filing, do not let the process intimidate you. Consider consulting a tax expert, especially one with experience in international tax compliance. It is also worth noting that the due date for the FBAR recently changed. The term “offshore accounts” is often used as shorthand to suggest that such account holders are trying to dodge tax responsibilities. Individuals can file the form electronically for the 2014 taxation year. The T1135 for a corporation cannot yet be filed electronically with the tax return, but must be sent by mail. It can be attached to the tax return or partnership information return, and mailed to your tax centre, or can be mailed separately to the Ottawa Technology Centre. Individuals can file the form electronically for the 2015 taxation year. The tax calculation on unreported PFIC income is both onerous and complicated. Expats with foreign real estate rental income are required to report their rental income as part of their worldwide income on form 1040. Previously, the form was only filed if income was actually received. In addition, the revised form seeks information on first year of receipt of FDI/ODI and disinvestment. The foreign asset reporting requirement extends to trusts outside India where the ROR is a trustee, a settlor or a beneficiary. As with bank accounts, details for each investment and/ or investment account needs to be reported separately. Schedule FA also specifically requires reporting of details in relation to bank accounts where the individual has a signing authority. The reporting requirement for bank accounts include name and address of the bank, account number, name of the account holder, date of opening, peak balance during the year and interest earned. Owning shares of a passive foreign investment company, or PFIC, subjects U.S. taxpayers to a complicated set of rules enacted in the 1980s in order to eliminate beneficial tax treatment for certain offshore investments. Under the current rules, in most cases PFIC distributions are taxed as ordinary income, rather than as long-term capital gains or dividends. Judging by the sheer number of questions on the Intuit website regarding foreign interest income this amendment would be time well spent. Again, thanks to TTML for the helpful clarification and explanation. A trust is a collection of assets that are handled by a third party, the “trustee,” whose objective is to manage the assets on behalf of the trust fund’s beneficiary. The difference between a domestic trust and a foreign trust is that a foreign trust is neither under the jurisdiction of a U.S. court, nor do U.S. persons control major decisions about the trust. Further, a domestic trust can become a foreign trust after its establishment. (I suspect that what the wording meant to say is "later" in a different section, not in the current 1099INT section). Even the "learn more" link for 1099INT does not mention that foreign interest income should be input in this section. The 1099INT section has a graphic image of the top of a 1099INT form as well as questions about various boxes on the 1099INT form, all of which creates the impression that without a 1099INT you are in the wrong place. The other alternative was to assume that foreign interest income might be input into the field for "foreign accounts" but again the TT software does not allow you to do this . The easy solution would be to amend the wording on the 1099INT page to state that even without a 1099INT, foreign interest income should be added in this section. It seems quite simple to correct this (time consuming!) impression with a few extra words or some additional info in the "learn more" link. This is because the IRS wants to make sure they get their chance to tax the foreign mutual fund in accordance with the PFIC anti-deferral of tax regime. A foreign trust with a U.S. owner must file Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Can something be done to amend the TT software to remove the confusing and misleading language? When entering interest income the website says that if you have interest from something else - which would clearly seem to include foreign interest which is not on a 1099INT - it will be added later. Despite this statement, the software does not provide the option to add foreign interest later. Previously, he worked in the corporate accounting department at Motorola where he oversaw financial reporting and tax preparation for the firm’s mobile division of Eastern Europe. The form will seek investor-wise direct investment and other financial details on fiscal year basis as hitherto, where all reporting entities are required to provide information on FATS related variables . Curious about how the recent Tax Cuts and Jobs Act of 2017 impacts FBAR? Largely, foreign reporting requirements remain unchanged, despite tax reform. Kunal helped us with a successful streamlined filing disclosure of foreign assets. He came across as very knowledgeable and answered all our questions…He was efficient and quick in completing the process after we had put together all our documentation. Peak balance refers to the maximum account balance during the year and not the balance at the end of the year. Even where an ROR does not have any taxable income in India, a tax filing requirement arises if the individual has any assets outside of India. Foreign financial accounts maintained on a United States military banking facility. in which the U.S. person has a greater than 50% direct or indirect present beneficial interest in the trust’s assets, or receives 50% of the income. While the Foreign Account Tax Compliance Act has provided U.S. persons with foreign assets guidance on how to get compliant with the IRS since 2009, the Treasury Department has demanded their compliance via the Banking Secrecy Act since 1970. In addition to the penalties already discussed, if you fail to file Form 8938, fail to report an asset, or have an underpayment of tax, you may be subject to criminal penalties. Do all of these foreign account disclosure rules and regulations seem unnecessarily burdensome or duplicative? However, these same rules and regulations define the present state of "foreign" account disclosure and reporting required, as a function of United States law. Passive Foreign Investment Companies sound like an exotic and highly specialized investment and it’s easy to assume that you don’t own any. However, this conclusion would be a mistake as PFICs include hedge funds, money market accounts, mutual funds, private equity funds and a long list of other foreign investments.

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creatiview · 2 years ago

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[ad_1] The stock market rally had another big week, with the Nasdaq running higher amid major news from the latest Fed outlook to the jobs report to massive earnings from Apple (AAPL), Meta Platforms (META) and more. Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq futures. X Don't be surprised to see a market pullback after the big gains in recent weeks, with Tesla (TSLA) and Apple stock up strongly yet again. Friday may have been the start of a pullback, with Amazon.com (AMZN) plunging on its weak earnings and outlook. But with the uptrend showing more signs that it's more than a bear market rally, investors can continue to gradually add exposure over time. Dow Jones giant Microsoft (MSFT), lithium and fertilizer giant SQM (SQM), auto parts maker Autoliv (ALV), Pure Storage (PSTG) and Freeport-McMoRan (FCX) are stocks near buy points. Microsoft, Autoliv and FCX stock already have earnings out of the way, while SQM and PSTG stock aren't due for several weeks. MSFT stock is on IBD Long-Term Leaders. Onsemi (ON), formerly ON Semiconductor, reports early Monday. The EV-focused chipmaker surged 9.8% this past week, breaking out of a cup base to a new high. But ON stock is now extended. The video embedded in this article reviewed the strong market action and analyzed Regeneron Pharmaceuticals (REGN), Microsoft and ALV stock. Dow Jones Futures Today Dow Jones futures open at 6 p.m. ET on Sunday, along with S&P 500 futures and Nasdaq 100 futures. Remember that overnight action in Dow futures and elsewhere doesn't necessarily translate into actual trading in the next regular stock market session. Join IBD experts as they analyze actionable stocks in the stock market rally on IBD Live Stock Market Rally The stock market rally shook off a weak Monday for a generally strong week. The Dow Jones Industrial Average dipped 0.2% in last week's stock market trading. The S&P 500 index rose 1.6%. The Nasdaq composite jumped 3.3%. The small-cap Russell 2000 sprinted 3.9% higher. Apple stock, a Dow Jones, S&P 500 and Nasdaq component, leapt 5.9% for the week, vaulting above its 200-day line. Shares reversed higher on Friday despite weak Apple earnings and revenue. AMZN stock plunged 8.4% on Friday, back below its 200-day moving average, though it did close up 1.1% for the week. Late Thursday, Amazon reported a 98% EPS decline for Q4. While revenue slightly beat, Amazon guided low on Q1 revenue, with the high-margin Amazon Web Services a key reason. The 10-year Treasury yield rose 1 basis point to 3.53% for the week, with the yield jumping 13 basis points Friday on the hot jobs report. Intraday Thursday, the yield fell to 3.33%, the lowest since Sept. 13. U.S. crude oil futures plunged 7.9% to $73.39 a barrel last week, with gasoline down 10.5% and natural gas off 12.9%. ETFs Among growth ETFs, the Innovator IBD 50 ETF (FFTY) rose 1.25% last week, while the Innovator IBD Breakout Opportunities ETF (BOUT) climbed 1.9%. The iShares Expanded Tech-Software Sector ETF (IGV) popped 2.4%, with Microsoft stock a major holding. The VanEck Vectors Semiconductor ETF (SMH) jumped just over 4%, with ON stock a modest holding. SPDR S&P Metals & Mining ETF (XME) advanced 1.45% last week. The Global X U.S. Infrastructure Development ETF (PAVE) soared 4%, clearing a 13-month consolidation to hit a record high. U.S. Global Jets ETF (JETS) ascended 2.2%. SPDR S&P Homebuilders ETF (XHB) stepped up just over 6%. The Energy Select SPDR ETF (XLE) slumped 5.7%, wiping out several weeks of slim gains. The Financial Select SPDR ETF (XLF) climbed 1%. The Health Care Select Sector SPDR Fund (XLV) slipped 0.1%, its sixth straight modest weekly decline. Reflecting more-speculative story stocks, ARK Innovation ETF (ARKK) jumped 6.1% last week and ARK Genomics ETF (ARKG) popped 3.7%, continuing their strong performance to start 2023. Tesla stock is a major holding across Ark Invest's ETFs. Five Best Chinese Stocks To Watch Now

Stocks Near Buy Points Autoliv stock fell 2.7% this past week to 90.27, consolidating after gapping up 9% on Jan. 27 following strong earnings. ALV stock is in buy range from an 89.98 bottoming base. But investors could view the recent pause as a handle on a base going back to November 2021. The cup-with-handle buy point is 93.88. Many other auto parts stocks are showing strength in 2023. Pure Storage stock jumped 5.7% for the week to 29.91, decisively rising from key moving averages. PSTG stock has a 31.33 double-bottom buy point, but is already actionable from clearing a downward-sloping trendline in that base on Wednesday. Volume has been strong as Pure Storage has bounced back in the past two weeks. The relative strength line is lackluster at best, reflecting sideways action over the past year. But while PSTG stock hasn't rebounded as fast as some growth plays, it didn't plunge in 2022 either. SPECIAL REPORT: Best Online Brokers 2023 FCX stock fell 3.7% to 43.16 last week, closing just below the 21-day line as copper prices retreated. FCX stock has a three-weeks-tight pattern with a 46.83 buy point. Investors could also use that as a handle or alternate handle on a 10-month base. Microsoft stock jumped 4.1% to 258.35 last week, even with Friday's 2.4% pullback. Shares broke out of a bottoming base that formed below the 200-day line. But Thursday's breakout cleared the 200-day line and a yearlong trendline. Investors could treat the move as a place to enter MSFT stock as a Long-Term Leader. SQM stock has retaken key moving averages and is working on a double-bottom base with a 112.45 buy point, according to MarketSmith analysis. Shares rose 2.6% to 97.09 last week. It's possible that SQM stock could carve out a handle or some form of early entry. SQM stock likely won't report until March, but lithium peers Albemarle (ALB) and Livent (LTHM) release earnings in less than two weeks. Albemarle already reported strong preliminary Q4 results and gave a generally bullish outlook. SQM stock and Albemarle are notable holdings in the Global X Lithium & Battery Tech ETF (LIT). Tesla stock and China EV and battery giant BYD (BYDDF) also are significant holdings, along with China and other Asian battery makers. The LIT ETF is finding support at its 200-day line, just below a double-bottom base. Tesla Vs. BYD: EV Giants Vie For Crown, But Which Is The Better Buy? Market Rally Analysis The stock market rally had another impressive week. After skidding on Monday, the Nasdaq, S&P 500 and Russell 2000 had strong weekly gains, decisively above their 200-day lines and their late 2022 highs. The Dow Jones is lagging, but found support and isn't far from its recent highs. Some top sectors or groups faltered, but generally leading stocks broke out, flashed buy signals, set up or simply extended big recent gains. All of this is happening amid economic data and earnings reports that are often mixed at best. The late August highs are the next test for the market rally, with the Russell 2000 almost there and the S&P 500 not far away. Still, evidence is growing that the market uptrend has real legs, and is not just another bear market rally. Perhaps the biggest complaint about the current market rally is that it's too strong. The Nasdaq has run up for five straight weeks. Perhaps Friday's retreat was the start of a much-needed pause or pullback for the major indexes. That would let stocks forge handles or pull back to key support levels. A lot of interesting stocks are looking significantly extended. One question is whether Tesla, Roku (ROKU) and other ARK-type speculative growth names continue to surge or settle down. The U.S. dollar hit its lowest levels in several months on Wednesday following the Fed meeting, but then roared back on Thursday-Friday for a solid weekly gain. The dollar's sharp downtrend in recent months has been a major factor in the stock market's reviving fortunes. After Friday's jobs report, markets are now leaning toward two more quarter-point Fed rate hikes.

Time The Market With IBD's ETF Market Strategy What To Do Now With the market rally running up for several weeks, most breakouts and buying opportunities have been working. So investors should have been taking advantage. But do so prudently. Add exposure gradually, so you're not caught out in a pullback. It's possible that new buys will briefly dry up if the market pauses, but that could pave the way for a lot more entries. Don't get too concentrated in a particular stock or sector. Cut losses short. Spend time working on watchlists this weekend, making sure you're looking at quality stocks from a variety of sectors. Identify your prime targets, and do some more analysis on these potential buys. After a brutal 2022, the new year is off to a great start. So stay engaged and ready to act. Read The Big Picture every day to stay in sync with the market direction and leading stocks and sectors. Please follow Ed Carson on Twitter at @IBD_ECarson for stock market updates and more. YOU MIGHT ALSO LIKE: Want To Get Quick Profits And Avoid Big Losses? Try SwingTrader Best Growth Stocks To Buy And Watch IBD Digital: Unlock IBD's Premium Stock Lists, Tools And Analysis Today 4 Red-Hot Semiconductor Stocks Highlight Earnings Calendar [ad_2] Source link

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healthcaredbmrnews · 2 years ago

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Long term care software market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to at a CAGR of 10.8% in the above-mentioned forecast period. The rising growth in aging population drives the long term care software market.

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research--blog · 2 years ago

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Ambulatory EHR Market Worth $6.74 Billion by 2028 - Exclusive Report by Meticulous Research®

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The Impact of COVID-19 on the Ambulatory EHR Market

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5190

Based on application, the practice management segment accounted for the largest share of the market in 2021. Practice management software is intended to enhance the productivity of day-to-day operations in ambulatory clinics by simplifying clinical workflows, automating billing, assisting with claims management, and increasing overall efficiency. The segment’s large share is attributed to the benefits of ambulatory EHR in improving operational performance and increasing the value of services provided to patients.

Based on end user, the hospital-owned ambulatory centers segment accounted for the largest share of the market in 2021. Hospital-owned ambulatory centers are usually required to meet hospital accreditation standards greater than those of non-hospital-based outpatient clinics. They have to maintain patient care standards to provide high-quality care to patients. The growing need to organize unstructured health data and the availability of resources to easily adopt EHR solutions drive the growth of this segment.

Geographically, the ambulatory EHR market is segmented into five major regions—North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, with a further analysis of major countries in these regions. In 2021, North America accounted for the largest share of the ambulatory EHR market, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to be the fastest-growing market with a CAGR over the forecast period. The high growth of this regional market is attributed to the rising need to organize unstructured healthcare data, increasing government support and initiatives to promote EHR adoption, and changing technological scenarios in developing countries.

The report includes a competitive landscape based on an extensive assessment of the geographic presence and key strategic developments of leading market players during 2018–2021. The ambulatory EHR market has witnessed several new product launches, approvals, partnerships & agreements, and acquisitions in recent years.

The key players dominating the ambulatory EHR market are Epic Systems Corporation (U.S.), Cerner Corporation (U.S.), Medical Information Technology, Inc. (U.S.), Computer Programs and Systems, Inc. (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), athenahealth, Inc. (U.S.), NextGen Healthcare, Inc (U.S.), eClinicalWorks (U.S.), Greenway Health, LLC (U.S.), CureMD Healthcare (U.S.), and AdvancedMD, Inc. (U.S.).

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/ambulatory-ehr-market-5190

Scope of the Report:

Ambulatory EHR Market, by Deployment Mode

Cloud/Web-based Ambulatory EHR

On-premise Ambulatory EHR

Ambulatory EHR Market, by Type

Modular Ambulatory EHR

All-in-one Ambulatory EHR

Ambulatory EHR Market, by Application

Practice Management

Patient Portals

Computerized Physician Order Entry (CPOE)

Clinical Decision Support (CDS)

Population Health Management

Referral Management

Other Applications

Ambulatory EHR Market, by Practice Size

Large Practices

Small-to-medium-sized Practices

Solo Practices

Ambulatory EHR Market, by End User

Hospital-owned Ambulatory Centers

Independent Centers

Ambulatory EHR Market, by Geography

North America

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Spain

Rest of Europe (RoE)

Asia-Pacific

China

Japan

India

Rest of APAC (RoAPAC)

Latin America

Middle East & Africa

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continuations · 6 years ago

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World After Capital: Technological Deflation

NOTE: I have been posting excerpts from my book World After Capital. Today’s section is about technological deflation and how its interaction with UBI enhances economic freedom.

Technological Deflation

If you are currently struggling to pay for your basic needs, the world will seem like an expensive place to you. Yet the data shows that a lot of things have become cheaper, and that this trend has been gathering steam for some time now. In the U.S., as the following chart shows, the prices for consumer durables have been falling since the mid 1990s. Not only can we see the decline in the prices for consumer durables; we can also see the rise in the cost of education and healthcare.

What has produced the decline in prices for consumer durables? Once again it is technological progress. We are getting better at making stuff and a big part of that is the ongoing automation of production and distribution. While this progress hurts you if you are losing your job or your salary is remaining stagnant, it helps you if you have money to buy things, and that money goes farther and farther over time. With Universal Basic Income, you will have the money, and over time, it will buy you more and more.

Thanks to the decline in prices for consumer durables, clothing has become easily affordable. Technology also has been driving down the cost of smartphones, which we will be essential to making education and healthcare much more affordable. The price decline in this area will only accelerate as we further increase automation and use technology such as additive manufacturing (also known as “3D Printing”) to manufacture products only when they are needed and close to where they are needed [67].

What about housing? Technology is definitely making it cheaper to put up a building. In early 2017, the first house printed using mobile 3D printing technology was built in Russia in just 24 hours! [69] Another factor making housing more affordable is the more effective sharing of existing housing assets through services such as Airbnb and Couchsurfing. Despite such progress, it still costs a fortune to live in certain places like Manhattan or San Francisco, where the demand for housing exceeds the available supply. Here UBI functions quite differently from other solutions that make housing more affordable, such as government subsidies. With UBI, people can live in parts of the country (or the world) where housing is much more affordable.

The city of Detroit is currently giving away houses as an alternative to tearing them down [70]. Or if you prefer a rural setting, you can buy or rent a home for as little as a couple hundred dollars per month [71]. Right now, many people can't take advantage of these opportunities, since they can't find a job in these locations and would be left with no income. By breaking the connection with a job, UBI provides geographic freedom. People would no longer be trapped in expensive locations just so they can meet their basic needs.

Already today, a large group of people is no longer constrained by the need for a job: Retirees. And sure enough, we observe that many retirees move away from expensive cities to places where real estate is much more affordable [72]. When considering the cost of shelter, it would be a mistake to analyze how much people need to live where they may be trapped today. Instead, we should look at the future cost in a world that has UBI. And that cost will be declining because of technology.

As for food, here too technology has massive gains in store for us. While some argue that GMOs hold the key to affordably feeding the planet, other near-term breakthroughs don't carry some of the potential issues that GMOs pose. Indoor and vertical farming, for instance, allows for a precise delivery of nutrients and light to plants as well as huge increases in seeding and harvesting productivity. It also allows food to be grown much closer to its consumption, reducing the cost associated with transportation including spoilage. All this adds up to a dramatic reduction in the cost to feed a person.

Technology also promises to bring about a dramatic decline in the costs of education. At Union Square Ventures we became interested in education as an investment opportunity in 2009 when we held a one-day conference titled “Hacking Education.” Since then, the universe of online learning resources has grown rapidly, including many free or highly affordable ones, such as Duolingo for language learning (one of our portfolio companies). In addition to formal online courses such as edX or Khan Academy, millions of individual blog posts and even entire series of posts exist to explain a specific topic. And of course, YouTube is bursting with educational videos on subjects as broad as sailing and quantum computing.

Evidence exists that the exorbitant rises in tuition costs over the years in the U.S. are beginning to slow. When analyzing this data, we must remember that a huge amount of inertia exists in our educational system and job market. Many employers still believe they must hire from the best universities. This in turn drives up prices for higher education, with a ripple effect that extends all the way back to private nursery schools. It will be quite some time before most students will turn to free or extremely affordable online resources for all their learning needs. Still, the possibility now exists.

With healthcare, it's a similar story. Healthcare spending in the United States per capita far exceeds that of other countries, having risen for many years much faster than the rate of inflation—but that hasn't translated into better care. For instance, Cuba for years has had almost an identical life expectany to the U.S. despite spending less than a tenth on healthcare per capita [73].

Debates have been raging as to whether the Affordable Care Act or other legislative interventions will bring about lower healthcare costs or instead drive up insurance premiums further. Regardless of how this works out, progress with digital technology will push healthcare costs lower for a number of reasons.

First, technology makes prices on medical procedures more transparent, enabling more competitive pressures to exist that can push prices down. Second, to the extent that people better track their own health data through technologies associated with the “quantified self,” we will live healthier lives and require less care, especially over the long term (in the shorter term, folks who already enjoy above average health will most readily employ this technology). And third, technology will make possible faster and better diagnosis and treatment. If you want to feel inspired, just read some of the stories about how Crowdmed has helped people whose conditions went undiagnosed or misdiagnosed for many years. USV portfolio company Human Dx is also working on a system to help with diagnosis, and Figure 1 lets doctors exchange images and other observations. Flatiron Health is pulling together data on oncology patients to enable more targeted treatment. This says nothing of a whole group of companies that is bringing telemedicine into the app era, such as HealthTap, Doctor on Demand, Teladoc, and Nurx (another USV portfolio company). All promise to dramatically reduce the cost of delivering care.

One might object that so much of healthcare cost doesn't result from doctors' visits, but from pharmaceuticals. In fact, pharmaceuticals account for only about 10% of total spending [74]. Here too, we will likely see technology drive costs down. One successful pharma entrepreneur I spoke with described the potential for personalized treatment to dramatically improve the effectiveness for a wide range of conditions, including many cancers and even diseases such as ALS and Alzheimers. And on the horizon technologies such as CRISPR will give us unprecedented abilities to fix genetic defects [75] that today result in large ongoing expenses.

But Isn't Deflation a Bad Thing?

Now, you may find it confusing to hear me describe technological deflation as a good thing. Economists, after all, have painted deflation as an evil to be avoided at all cost. Economists are primarily concerned about growth as measured by GDP, which they argue makes us all better off. Their logic about deflation goes like this: If people anticipate that prices will drop thanks to deflation, they will be less likely to spend money today, which means that output will be lower than it could be. This in turn leads owners of capital to make fewer investments, which results in less innovation and lower employment. That in turn makes people spend even less, thus causing the economy to contract further in a vicious cycle. Economists point to Japan as a country that has been experiencing both deflation and contracting output. To avoid this scenario, they argue for policies designed to achieve some amount of inflation, including the Fed's so-called quantitative easing (cheap money), which is intended to expand the supply of money.

In a world of technological deflation driven by digital technology this reasoning is flawed though. GDP is increasingly not a good measure of progress because it ignores positive and negative externalities. For instance, everything I've said about making education and healthcare dramatically cheaper through free resources would serve to lower GDP while clearly making people much better off. We can also identify a second flaw in economists' reasoning: It assumes that technological progress is tied to growth in production. But it is possible to achieve technological progress even as economic activity, as measured by GDP, appears stagnant. Increases in economic, informational and psychological freedom allow us to accelerate the Knowledge Loop which is the foundation of all progress. A great example here is open source software, which has driven a lot of technological progress outside of the traditional economic model.

Once we break out of the job loop with the help of UBI, then in fact technological deflation becomes desirable. For individuals it means that they can afford more with the payments they are receiving and for society as a whole it means that UBI is affordable.

#world after capital #deflation

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