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- Written by: DigiTrends4U.com
- Category: Technology
As the cost of health care continues its relentless ascent, global health spending is expected to top $10 trillion by 2022, according to the Economist Intelligence Unit. Not surprisingly, payors, providers, life sciences companies and other members of the health care ecosystem are eagerly exploring ways to leverage emerging technologies to stem the rising costs and improve patient care. One such technology is digital twins, which incorporates Big Data, artificial intelligence (AI) and sensors to create virtual replicas of a physical object or process.
As a concept, digital twins is not new. Various industrial sectors such as aerospace and automotive have been using them for years to optimise the operation and maintenance of assets, systems and manufacturing processes. Across industries, the digital twins market is projected to zoom to almost $36 billion by 2025, up from about $3.8 billion currently, says research firm MarketsandMarkets. And among those jumping on the bandwagon are a growing array of health care organisations.
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- Written by: DigiTrends4U.com
- Category: Technology
Patent statistics published today by the European Patent Office (EPO) show that for the first time in more than a decade digital technologies have taken the lead in patent applications filed. According to the EPO Patent Index 2019, the surge in the fields of digital communication (+19.6%) and computer technology (+10.2%) is fuelling the sustained growth in patent filings: In 2019, the EPO received well over 181 000 applications in total, 4% more than in 2018 and a new all-time high.
"The rapid rise of digital technologies is the most striking trend from our 2019 index," said EPO President António Campinos. "The digital transformation of the economy is now fully reflected in the patent applications reaching the EPO. With our well-established and globally recognised approach to examining applications in the digital field, the EPO is well placed to support inventors, and foster innovation in Europe and beyond. It is important that companies and researchers in Europe seeking to protect their inventions find a level playing field with their competitors from Asia and the US, and are able to maintain a strong position in the global technology market."