New AI Discovery Revolutionizes Medical Treatments, Survey Reveals Challenges for EV Drivers, FICO Granted Patents for AI Technology, True Cost of Funding Freezes Revealed, Biza.io Pushes Ahead with Consumer Data Right, Slow Adoption of Technology in Construction Hinders Productivity
Published: 2023-07-13Researchers at the University of Pennsylvania, Castleman Disease Collaborative Network, Medidata, and Every Cure have made a groundbreaking discovery in the field of medicine using artificial intelligence (AI). By analyzing vast amounts of data, an AI algorithm identified a new use for the existing drug adalimumab in treating idiopathic multicentric Castleman disease (iMCD). This finding has the potential to revolutionize the way we approach medical treatments and unlock new uses for existing medicines across all diseases.
In the realm of electric vehicles (EVs), a recent survey conducted in the UK revealed some interesting insights. It found that half of EV drivers encounter faulty public charge points 25% of the time. Additionally, more than half of EV drivers have to wait to use a public charger, causing delays in their charging routine. To address these challenges, EV drivers expressed a desire for simpler ways to pay for public charging, such as having one app for all charge points or using ‘plug & charge’ technology. Despite these obstacles, the survey indicated that drivers are enthusiastic about switching to electric vehicles, with 24% stating that their next vehicle will be fully electric or a plug-in hybrid.
In the realm of technology, global analytics software firm FICO has been granted nine patents related to digital decisioning, fraud detection, and machine learning technology. These patents demonstrate FICO’s commitment to driving innovation in artificial intelligence and machine learning to deliver hyper-personalized customer experiences. With a patent portfolio consisting of 218 active patents and an additional 71 patent applications pending, FICO is at the forefront of technological advancements.
Shifting our focus to the realm of public funding, recent articles shed light on the true cost of funding freezes. In the City of Winnipeg, frozen funding for various services over the past eight years has resulted in real dollar cuts. Areas such as libraries, recreation, economic development, and parks have seen significant reductions in funding, while roadway construction and maintenance have seen an increase. Additionally, concerns have been raised about the government’s preference for private care, which has led to increased expenses and longer wait times. These funding decisions seem to be driven more by ideology than practicality, raising questions about the value placed on human life.
In Australia, data sharing tech company Biza.io has launched an initiative called CDR+ to push ahead with developments in the Consumer Data Right (CDR) market. Despite the government’s slowdown in the rollout of CDR, Biza.io and other participants are continuing to pursue their own initiatives. CDR currently operates in the banking and energy sectors and is being extended into non-bank lending.
Finally, in the construction industry, the slow adoption of digital technology has hindered productivity and increased costs. While other sectors have embraced digital tools to improve customer experience and reduce costs, construction has lagged behind. However, there are promising advancements in the use of technology in construction, such as building information modeling (BIM) and virtual reality. To drive efficiency and innovation, the industry needs to embrace digital twins and improve data and information management.
Today’s news highlights the power of data, information, and knowledge in driving advancements in various fields. From medical breakthroughs to improvements in the electric vehicle industry and technological innovations, open data and transparent access to information are key to progress. As we navigate the challenges and opportunities of the modern world, it is crucial to stay informed and engaged with the latest developments in open data and its impact on our lives.
https://www.prnewswire.com/news-releases/first-life-saved-with-ai-discovered-repurposed-medicine-for-castleman-disease-with-significant-potential-applications-to-treat-other-illnesses-301876720.htmlRelated news on 2023-07-13
- building.co.uk: Digital construction : are we nearly there yet ?
- streetinsider.com: FICO Awarded 9 New Patents Used in FICO Platform and Fraud Solutions that Utilize Sophisticated AI to Improve Decision Accuracy
- prnewswire.com: First Life Saved with AI - Discovered Repurposed Medicine for Castleman Disease with Significant Potential Applications to Treat Other Illnesses
- fleetnews.co.uk: Infrastructure concerns but one - in - four drivers will switch to electric
- winnipegfreepress.com: Letters , July 13 Winnipeg Free Press
- bankingday.com: The government has paused CDR but industry has other plans