25th June ‘Role of AI: From Vaccine Development to Distribution’

It has been quite some time since we organized a webinar and deeming at the present scenario, we chose a topic that would be factual and informative for the population. Big Innovation Centre, India took this as an opportunity to address the glaring questions about Vaccine Development and Distribution carried out with the help of various Emerging Technologies like Artificial Intelligence.  

Though it was a tremendous task to find the appropriate speakers who will reflect upon this serious issue, we found our speakers who are performing groundbreaking work in the field that combines Healthcare with Technology.  

On 25th June 2021, we organized our Webinar, ‘Role of AI: From Vaccine Development to Distribution’ with Mr Jay (Mentor, Big Innovation Centre, India) as our Moderator, Ms Smriti Mishra (Head of AI, Earthbanc, Sweden) and Mr Vikram Venkateshwaran (Founder and Editor, Healthcare India).  

The Panel Discussion was framed based on three major subtopics Has AI helped the Medical Fraternity to overcome various challenges due to this Pandemic Covid-19, How will AI help to overcome this Covid-19 situation and Is AI an enabler of Vaccine Development and Distribution? If so, how is it contributing to this process?   

The Webinar touched the surface with case studies are references that also talks about the legal framework and ethical considerations for sharing data before AI. To, sum up, the webinar can be called a step towards understanding Emerging Technologies and their deployment to work towards forming a better society. 

An AI-enabled World post Covid-19

An AI-enabled World post Covid-19

AI has been changing and transforming all facets of modern businesses and creating great convenience for individuals through its applications. Both Artificial Intelligence and automation have been playing crucial roles in the new wave of digitalization. Though Covid-19 has generated havoc in people’s lives, it will be interesting to see how AI will reshape our world and our daily lives?  

We are already witnessing the adoption of Artificial Intelligence Technology in various businesses, which is exactly what is expected to be proliferating. We already know that the post Covid-19 era won’t be the same; however, it is evident to uplift the ‘New Normal’ and regenerate our economies. Big Innovation Centre India is all about building Emerging Technology induced ecosystems that help society. So, let’s find out what would the AI-enabled World for the post Covid-19 period look like. 

  • Education and Business Communication 

It can’t be denied that we have been quite accustomed to the new form of communication. Virtual Meetings, Webinars and Webcasts is the new venue for business gatherings. Even creating Smart Campaigns by analyzing and forecasting the value per click of individual ads based on its copy and its target parameters. The emergence of smart call centres that uses Voice-Over Internet Protocol Technology in order to model a wireless customer service experience. 

If we talk about Education, academia has already transformed in the past two years, and AI is paving its way to streamline other peripherals of the industry like automating administration, providing personalized guidance to students, creating smart content over the web etc.  

  • Virtual Assistants 

According to the report by Statista, From the year 2020, there has been a significant increase in the deployment of virtual assistants. There were around 4.2 billion digital voice assistants that were being used in various devices around the globe. It is speculated that by the year 2024, the number of digital voice assistants will rise to 8.4 billion units.  

AI-based Digital Assistants use Natural Language Processing Technology (NLP) to convert human communication into algorithms and replies. The post-Covid period looks promising for Virtual Assistants to enter various other segments of industries like healthcare for data exploration etc.  

  • AI and IoT 

Emerging Technologies are making a better world for us, and the integration of AI and IoT has provided the world with a higher sense of accessibility, availability and interoperability. AI will strengthen the core of IoT, eliminated cyber-attack risks. Since the post Covid-19 period, it is inclined towards a digital frontier, detecting such cyber threats is crucial for the protection of digital information and identity.  

  • Tracking and Security  

A smart environment requires various emerging technology applications and thus building a safe and secure environment with Artificial Intelligence. Interoperability is a significant aspect that provides accessibility to individuals, industries and even government, like Security, Surveillance etc. Computer vision-based tools are used to track and identify individuals wearing masks and maintain social distancing in public places like gyms, malls, parks, etc.    

It can also help to curb the spread of Covid-19 by tracking an individual’s footprint through a Digital HealthMap. These Health Maps can be used while travelling as a health passport. Various countries are implementing stricter measures to avoid severe situations, and thus, these Digital Health maps are an ideal way to keep track of an entire population. 

  • Robots and Automation 

Sanitation is a staggering issue that needs immediate attention for the health and safety of people. Businesses are investing a great some of their revenue in maintaining the sanitation of offices, factories, warehouses etc. It also involves human labour along with capita; thus, the rise in automation and robots will be becoming quite popular in recent times. UV sanitation robots can be deployed to sanitize rooms, conference halls by programming a schedule. It is AI-enabled and would be an excellent addition, even called an asset to any business or organization.  

 

Robotics and Automation, Virtual Assistants, chatbots, AI-based surveillance systems and communication methods would soon be a normal part of our lives and a parcel of this data-driven economy. It would just not help us battle this covid situation but also drive our economy into a prosperous future. The phenomenal advancements in AI are helping various industries survive and overcome the most prominent health crisis. The Future of Artificial Intelligence is bright as I will prepare ourselves to develop strategies that will mitigate further risks and avert any impending disasters like the Covid-19. 

How is AI advancing Healthcare and Medical Science?

How is AI advancing Healthcare and Medical Science?

Remaining as a fact in history, Artificial Intelligence has influenced all our lives in one way or the other, by becoming an office companion or a home assistant. However, among all this, AI has been a blessing to the Healthcare Industry. The Adoption of AI in the Healthcare and Medical Science is growing rapidly as according to a report by Sage Growth, 90% of the hospitals have provided a solid nod to the AI culture in making developments in their medical infrastructures and also support their employees in performing their jobs more diligently.  

Though that being said, it also raises the privacy concern for the authorities that could threaten the security and privacy of patient data. Several Medical Institutions and hospitals are trying to find a solution to avoid such situations by putting up stringent policies and structures, mainly focusing on the rights to patient data.  

How does AI work in improving Healthcare? 

The Artificial Intelligence system is inspired by the Brain’s Neural Network of managing, processing, storing and release information. Here, AI begins with a massive amount of data, and then it employs machine-learning algorithms to extract information. This information is then utilized to generate meaningful results to solve a complex problem that is fed into the medical system.  

AI Models identify meaningful patterns and translate into clinical imagery through deep convolutional neural network. This helps in patient diagnosis, prognosis, treatment and caregiving. Though we have only scratched the surface to find out this, there is much more that AI could achieve in the future. At present, the recently built modern algorithms can easily solve complex medical problems by using binary classification of data. It can review, interpret and also recommend solutions to be later carried out by a medical practitioner.    

Applications of AI in Medical Science and Healthcare 

There are numerous ways how Artificial Intelligence has helped the medical field. It is bringing about a transformation that is and will be going to be remembered as the time for a change. So, where is AI being used to help the medical industry? Let’s find out. 

1. Clinical Support for Decision Making 

 AI is a powerful tool that helps medical professionals make quick and accurate decisions. Through Pattern recognition system, Artificial Intelligence can make room for better diagnosis and treatment in case of emergency. At times, it can also be used as a second opinion to the medical practitioner to avoid complications and miss any unruled circumstances that could occur.  

2. Patient Information Management 

Artificial Intelligence has proved excellent for diagnosis but also great for patent information management. Automated information updation and interoperability etc., are considered great for both the medical institution and the patient. Telemedicine is also becoming popular that is the remote delivery of healthcare services and medicine. AI detects and evaluates the patient condition and helps in outpatient care for hospitals.  

3. Drug Discovery 

Though you have already observed how AI has elevated the situation and provided the needful for Drug Discovery and Development in the times of Covid-19, but if you haven’t read our article, read it here ‘How is Artificial Intelligence winning the Covid-19 situation’. Artificial Intelligence has saved humankind by its efficient and accurate testing/identification of combinations. Accelerating the entire process, AI has produces an innovative approach to medicine and medical science sphere.  

4. Improve Research and Development  

By the focused adoption of AI in medical science, we can control or manage the budget spend on R&D. Since R&D is a great part of medical science, governments and private institutions are spending a colossal amount of money on its part. However, with the deployment of AI in the field, there will be a significant change in the nature of research as it will be fast-tracked and have accurate results, simply saving time and money. 

5. AI-assisted surgery 

This might look like something from your favourite sci-fi movie; however, this is being practised in different parts of the world. AI-enabled Robots helping the surgical procedure with a surgent. There has been much evidence that proves the fact the Artificial Intelligence has the ability to provide acute care management like surgery to its patients. Advanced Analytics and Machine Learning, along with Robotics have made it possible in time.  

6. Prevent a Pandemic/Epidemic 

Though it may seem quite far-fetched, it will soon be a common enactment. Artificial Intelligence, along with Machine Learning are great to provide insights on early detection of a spread. It processes massive information of patients without any human help, thus maintaining confidentiality and detect early symptoms of a group of patients in a locality. This application can also be incredibly beneficial for the government to take immediate action.  

7. Reinforcing Life Insurance and Medical Covers 

Artificial Intelligence is also used in Finance and banking industry. It is interesting to know that Financial Institutions are using Artificial Intelligence to help people find out the appropriate amount that they need to cover their medical insurance and even life insurance. The AI works through the medical history of the applicant by applying advanced analytics and thus make a balanced document that will be accurate for the individual. This saves money and time for any patient. Some hospitals provide this facility as an overall management or healthcare package. 

 

Thus, AI looks well-positioned to transform the healthcare industry as a whole. AI systems can help in multiple ways other than the ones listed above, like transcribing notes, send healthcare alerts, managing and updating patient data into EMR portals and also help in diagnosing patients. Artificially intelligent systems are great to help patients with inpatient, outpatient and follow-up care. The future of AI in the healthcare industry is promising, and yet there is so much that remains to be done. If you want to know more about AI and its role, you must be a part of our latest webinar, Role of AI: From Vaccine Development to Distribution on 25th June 2021.  

India representing Innovation for Higher Education

India representing Innovation for Higher Education

The Economic Growth of a country majorly depends on its education system. The rise of a generation can be predicted easily with the quality of education and how it prepares its young minds for the future. While India’s higher education system is known to be the third-largest in the world, just next to the US and China, it can be said that there is a lot that the country can lend from its frontrunners in terms of growing up to be a Knowledge Economy.  

With an abundance of resources and being the largest pool of scientific and knowledge workers, India is emerging to be a hub of Higher and Technical Education. As per The National Education Policy, 2020, every education institution must encourage its students to foster creativity and critical thinking to develop logical decision-making and innovation. 

Big Innovation Centre India is a Think-Tank, and our aim is quite aligned with the present objective of the country’s Government. To create a knowledge-based Ecosystem that delivers to the ever-changing societal demands and raise their country’s innovation capabilities. We help institutions and organizations build Research, Entrepreneurship and Incubation Centres for students, as well as professionals to contribute to their field of interest. Visit our Website and know more about us.  

Let’s take a look at How Innovation is helping the Higher Education Sector: 

Reforms in Course and Curriculum in Higher Education

There was an absolute need for the reformation of course and curriculums of the Higher Education Institutions. The changing times have ruled off the theories of the past and thus The National Education Policy 2020 focuses on more modern learning that is Student-centric. Student Centric Learning is well defined as educational programs, instructional approaches, learning experiences, and academic strategies that address the distinct learning needs, aspirations, interests and values cultural backgrounds of each student or a group of students. This creates a space for the students to be matured learners. The higher education system must include the availability of flexible curricula models and educational policies that emphasizes open-ended systems, inter-generational, open-ended systems and inter-professional relationships and sustainability.  

 

Creating Digital Knowledge Transfusion Infrastructure 

The Pandemic has cleared every cloud that we had on investing in Digital Infrastructure for Higher and Technical Education Institutions. The corridor for development in making the Digital Learning Space safe and secure for its students still exists and the government has emphasized on the vertical by creating a National Repository Digital Infrastructure for Knowledge Sharing (DIKSHA). This is a great initiative that would be beneficial for both teachers and students. We need to boost our e-governance infrastructures so it incorporates Management Information Systems within our inclusive teaching-learning process as well as provide a direction in the governance of higher education institutions. 

 

Request to add Emerging Technology in the existing curriculum 

Adding Emerging Technology to the syllabus can be proved as a great addition to make the students future-ready. These once futuristic concepts that students used to learn post their education, should be introduced to have a better grasp of these advanced innovations and technologies. The Government of India has previously expressed the need to implement skill-based education for all, and even then, only a few universities had included Emerging Technologies as a subject. However, 2020’s digital revolution is one that is making the academia adopt subjects like Artificial Intelligence and Machine Learning, Robotics and Blockchain.  

 

Setting up of Innovation and Incubation Centres 

There is a staggering need to advance science and technology innovation and its application in our universities and thus create favourable conditions for growth and forming of an environment for innovations to occur. Higher Education Institutions and Universities must build Innovation as well as Incubation centres that aim at promoting the economic de­velopment of various regions. These incubation centres are great for students as well as research professionals to utilize their creativity and help solve the complex societal problems. These Innovation Platforms should be encouraged to facilitate multi-disciplinary research projects in dynamic areas of science and technology such as IoT, robotics, big data analysis, cybersecurity, ethical hacking, forensic etc.  

 

So, the Indian Higher Education System is trying to transform its framework right from the foundation and adapt to changes needed to impart high-quality education. The level of excellence in higher education will be a key factor in determining the role that India will play globally. Thus, Innovation in Higher Education is the absolute pathway that will lead India to become a knowledge hub among other countries and these factors like skills to create, innovate, crisis management, problem-solve, design thinking, critically think, cognitive recognition and teamwork are taken into account to leverage the growth of economy and society as a whole.  

The Role of Emerging Technology in Revolutionizing Education at Covid Period

The Role of Emerging Technology in Revolutionizing Education at Covid Period

Nelson Mandela once emphasized the impact of Education on lives, quoting, “Education is the most powerful weapon which you can use to change the world”. True to its core, it is Education and Innovation that saved the world today. Though the Covid-19 has changed many things in the past two years, it is undeniable that humans and Technology together can achieve more extraordinary things.   

Emerging Technology has provided us with the opportunity to never miss out, especially in academia. Before the pandemic, the education sector was skeptical about employing Technology in the classroom. However, with the hardship of the Covid-19 pandemic, various education institutions adapted to the times and implemented emerging Technology to impart Education. Let’s take a look at how has Emerging Technology been revolutionizing academia.   

 

Artificial Intelligence in Education 

 

AI has taken an important place in daily lives, and it is the same with Education. The pandemic has created a space for educational institutions to embrace AI as their tool to have better administration, efficiency, automate grading system and also support students receive better feedback to perform better in their academics. The Technology is highly adaptive and time-saving as it helps students make strategic study tables by focusing on topics that require additional attention.   

Artificial Intelligence also allows learning to be highly personalized, catering to the needs of each student, helping the teachers attend to every student differently, thus enhancing the subject’s expertise in the Covid times. With the increase in adaptive learning programs, skill-based learning courses etc., AI has truly made Education individualistic and personalized. 

Machine Learning and Data Analytics to Evaluate Students 

Data analysis using machine learning is yet another technology that helps students attaining higher education programmesWhile Manual evaluation is time-consuming and either based on certain subjective assessment is biased and has limitations. 

Machine Learning helps students by drawing a pattern of their assessments and evaluate their results. Along with it, data analytics provides accurate feedback that can be shared with the students by the instructor about their performance. Data-driven analysis is systemized, error-free and can be beneficial for future tasks.   

 

IoT for Monitoring and Tracking 

IoT refers to things that can be connected with the internet to transfer or receive data. These things are great to operate automatically without any human intervention. Like many other sectors, IoT is helpful for the education sector to manage the administrative front of a school, university, or academic institution.  

Not just digital learning, but test, assessments and exams are also conducted over the internet. IoT serves best to act as a face detector, help in student monitoring during exams, etc. With the high demand for digital learning, IoT devices are also easily available and affordable. The administration can also use it to track paperwork and help keep students away from unrelated content over the internet and cyberbully.   

E-Tutors and Chatbots 

E-tutors have become a widespread name as Technology is developed to help students improve their academic learning. These E-tutors or chatbots imitates an instructor and help students have conversational based learning, creating an environment that induces learning like real humans. These chatbots can identify distractions, note the attention span of students even detect the slightest change of emotions. These are essential to cope up with stress and anxiety during the Covid-19 pandemic.   

Students and guardians highly value this Technology as it is an instant assistant that can be available across various screen without a time restriction. Administrations even use chatbots to resolve parental queries related to scholarships, admission process, admission criteria, admission process, fee-related doubts etc.   

As a higher education institution, there are chances that you might be receiving thousands of questions from prospective students or their guardians about the admission process, fee-related queries, college or exam schedules, merit list, syllabus, etc. And here you can completely avoid human intervention. Setting up help desks or appointing representatives is a big-budget affair. Whereas, chatbots could be a cost-effective alternative to your problems.  

VR 

Virtual Reality is an Emerging Technology that has been a boon to many industries like Gaming, construction and architecture, healthcare, training, etc. It has come a long way to contribute its most to the education sector. It is known to a broader spectrum of audiences as a medium to encourage learning and engagement among students.  

VR creates a simulating experience that squeezes the gap between Real and Alternative Reality. This Digital environment is visually appealing as well as highly interactive, thus imparting the best learning experience. Visual has always been a better channel to reach young minds, and it is now being used even for higher Education to create a complete practical experience. It emphasizes rational, realistic thinking rather than just theoretical knowledge.   

  

These are some of the Emerging Technologies that are having a profound impact on the education sector. Education is about sharing knowledge, activating all the grey matter, and today, Technology allows us to seamlessly share knowledge and collaborate and engage. We at Big Innovation Centre, India is trying our best to create an atmosphere that empowers students, working professionals, innovation leaders to come together and join this team of innovation explorers that would act as a solution for the rest of the world. Join our Membership Programme here: https://biginnovationcentre.in/memberships/ 

How is Artificial Intelligence winning this COVID-19 Situation?

How is Artificial Intelligence winning this COVID-19 Situation?

The grave situation of Covid-19 just doesn’t display the dismay and horrifying nature of the virus but also puts up a relevant question how has advanced technology been a shield against these effects?  When tons of data accumulated for months are put under the microscope to help the global population, it is not just a matter of accuracy but also efficiency. Here technologies such as artificial intelligence, natural language processing, machine learning etc., are being deployed to save humankindWhile iinitiated with the use of AI to have a check upon the spread of the virus to control the number of positive cases, it later spread out to vaccine development and distribution 

At present, AIalong with other digital tools are being used to oversee complex supply chains for vaccination, and also collect massive amount of data to track any severe symptoms that can affect individuals after one has received it. 

 

Vaccine Development 

Vaccine development is a time consuming and laborious process. It takes years to develop a vaccine that has managed to pass all the tests and trials. However, with advances in computing and artificial intelligence, machine learning, genome sequencing, systems biology, modelling, and bioinformatics, the world has witnessed rapid vaccine development for countries.   

Researchers belonging to the department of immunology and machine learning have been occupied studying and modelling various properties of viruses. One major characteristic is to know how antibodies can target a virus. Artificial intelligence that was once promised to solve complex human problems was put to use in this time of emergency to speed the analysis of vaccines and figure out the best available preventive medical therapy. 

AI also helped design a self-learning platform that deals with combining historical clinical and pharma data and providing information in real-time. Research labs are using AI and Machine Learning to predict potential targets. This is a great way to create clusters of people who already are exclusively prone to the virus from the comparatively healthier population. The method is flexible and adaptable to test potential mutations of the virus  

The immediate need to identify the best possible vaccines are also addressed by emerging technologies like AI and Machine Learning which is confirming a big advantage. These machine-learning models can achieve dynamic vaccine design cycles. 

 

How can the USC-developed method counter COVID-19 mutations? 

 

As the virus is seen to mutate in populations around the world, the USC’s AI-assisted method is said to be especially useful. As per engineers, this computer model works uniquely and makes their job efficiently. In this case of SARC – CoV-2, it has the potential to eliminate 95% of the compounds that have possibly treated the pathogen and brings the best options to find potential vaccines.  

 

So how does an AI system help in drug discovery? 

AI involves various method domains, such as reasoning, solution search, knowledge representation and other fundamentals of machine learning. So, by utilizes tools and software that can identify patterns, interpret and learn from the previous input data, it makes independent decisions to yield final resultsSimilarly, AI is being used in the field of drug discovery. Let’s find out various peripherals that are being benefited by Artificial Intelligence.  

  • Use of AI in Exploratory/pre-clinical trials 

The initial phase of drug designing involves a tedious filtering process that highlights vaccine candidates based on previously accumulated dataAt this instance, researchers used AI to process vast digital libraries of databases with absolute more accuracy than manual processing to finally arrive at potential treatment candidates. AI can also be used in DNA sequencing based on abstract human data, allowing clinicians to conduct exams in genetic matching etc. 

  • AI in Manufacturing and QA 

Once the regulatory approval of vaccine products is receivedit is time to develop and distribute the drug across a vast stretch of hospitals, diagnostic centres, camps and clinics. This is a rather massive job if taken into serious account and consists of significant operational implications that fall upon the shoulder of the manufacturers. It just doesn’t involve making the products but also rapid decision-makingAI streamlines the whole process by automating many steps that traditionally require human efforts like managing output capacity, the quality of the product, and packaging solutions.  

  • AI in prediction & tracking 

AI is lauded for predicting the nature of the virus, its spread and helping to developing early warning systems by drawing information from various social media platforms, official communication calls and news channels. AI has helped systemize the system and deliver useful information about the highly affected regions. There are various AI-based tools and softwares that have been of great use to identify and focus of badly struck regions having an outbreak and helps governing bodies to take precaution at an early stage.  

  • AI in early diagnosis 

AI is being used to detect and quantify COVID-19 cases received from chest x-ray and CT scan images. Recently researchers have taken up the initiative and developed a deep learning model called COVID-19 detection neural network (COVNet), that provides insight on the differentiating characteristic of COVID-19 and community-acquired pneumonia. This software displays a 2D and 3D model extracted from chest CT scan. It has been of great use to treat patients differently for medical professionals.  

  • AI in development of therapeutics 

AI techniques can leverage traditional technologies. It reduces the time required in developing a drug from bench to the bed by speeding up the entire process. Discovery, Screening and validation processes are some the areas where AI has excelled. AI can also accelerate pace by analyzing useful data for drug repurposing by screening compositions of already approved and validated drugs based on its molecular descriptors and properties.  

 

The continuous effort of each person will be making a great difference in the society today and adopting a pre-approved approach of testing, isolation and contact tracing is the only way to combat COVID-19. It is absolutely necessary to exploit the available knowledge available over the web to gather new information about the virus and be aware of its behaviour in general.  

AI is a boon to the world and it doesn’t need a second thought that this technology is saving millions of lives. From tracking the footprint of the virus to early symptom detection, drug discovery to vaccine distribution, Artificial Intelligence has proved to cater to humankindIt’s clear that AI – when deployed responsibly will be able to help is surpass this COVID-19 pandemic. It is only a matter of time when business and organizations that were previously hesitant to adopt AI in the functioning will try to make the best use of it.  

Understanding why Predictive Analytics is an asset to the Healthcare Sector

Understanding why Predictive Analytics is an asset to the Healthcare Sector

The COVID-19 setting has depicted a clear idea of the potential of the healthcare industry. Holding up as the backbone of a country, the health and wellness sector has had provided in abundance. However, there have been scenarios that have made countries reform their health sector with the sole aim of improving performance and quality of caregiving. In this, Technological innovations are the attributes that keep transforming healthcare improving access to medicines, vaccines and medical devices 

One technological solution that is proving to a boon to medical science is Predictive Analysis. Yes, when you think about Predictive Analytics you think of businesses trying to presume the temperament of the market and upsell their product or service. However, Predictive Analysis is recently broadening its spectrum to heap the healthcare industry.  

How is Predictive Analysis being useful to the Healthcare Industry? 

Since people are much familiar with the words Prognosis and research in the medical literature, Prediction is no different. Your Doctors and Healthcare Professionals have always penetrated deep into your medical history to find our underlying causes of your illness. So, Predictive Analysis is one solution that does the same for your medical professional through processing your existing medical data (history) available and fed into EHR and EMR systems. It takes the evidence-based approach and assesses your data by value and volume.  

Potential Application of Predictive Analysis throughout the Healthcare Sector   

Predictive Analysis is showing impressive outcomes across the spectrum. The adoption of PD is picking up pace around the world proving the industry is ready to invest in quality careThe global healthcare PA market size grew from USD 1.806 Billion in the year 2017 and expected to reach USD 8.464 Billion from 2018 to 2025, with a CAGR of 21.2 per cent. So, how does Predictive Analytics help the Healthcare Industry? 

  • Accurate Diagnosis- PA helps doctors and medical practitioners improve the diagnosis of an individual and also works for the early detection of diseases. It converts patient’s data into algorithms and multiplies the success rate of treatment. 
  • Health Research of a Population- Not just individuals, but Predictive Analytics helps researchers to prevent the spread of infectious diseases. Not just individuals but it a boon for the population of a city or country.   
  • Increase insights for better disease management- Predictive Analysis also helps in disease management, not just for inpatient care but also considers outpatient management by examining patient vitals and indicating the need for changed medication or treatments.  
  • Improving Emergency Care- Receiving real-time data on which wards/units may need more support in emergency care, allowing the medical professionals to make quick decisions.  
  • Effective use of Healthcare Resources- Predictive analysis inherits the potential to boost healthcare resource utilization. It results in fewer waits for individuals and improved outcomes 

These are some of the applications that ensure the healthcare industry is benefitting from Predictive Analytics. So, if you plan to take up advancing in caregiving, yet choose to incline towards technology, a predictive analytics course will an appropriate choice. Big Innovation Centre India believes to not just offer its services, but also help individuals design a career out of passion. So, enrol on our Membership Programme and gain the most out of our Initiative. Also, join our Knowledge Exchange Platform ‘Pavilion. 

Don’t forget to be a part of the Digital Health World Congress 2021 presented by our CEO, Big Innovation Centre, Prof Birgitte Andersen 

24th March ‘Blockchain and Digital Identity- Possibilities and Illustrations’

Tech Talk- ‘Blockchain and Digital Identity- Possibilities and Illustrations’.

We live in a Data-Centric world and lives have been revolving around the internet for quite some time now. Our IDs and Passwords have created a digital identity for us that remain vulnerable in the absence of a guard. Blockchain as the Distributed Ledger Technology, provides Digital Identity Management inducing the structured growth of our Digital Economy. Blockchain acts as the pillar of existing technology architecture and infrastructure of every Government and Private Enterprise to secure and protect against data breaches, cyberattack and hacking.  

On 24th March 2021, Big Innovation Centre India hosted its first Tech Talk on the topic ‘Blockchain and Digital Identity- Possibilities and Illustrations’. The purpose of the talk was to reflect upon the role of Blockchain in safeguarding Digital Identities throughout various institutions and even government. The event was moderated by Mr Jay (Mentor, Big Innovation Centre, India) who led the talk with our speakers Mr Anuj Kumar Garg, Mr Fernando Santiago-Cajaraville and Mr Kamlesh Nagware.  

 The elaborated discussion revolved around Digital Economy and New Value Creation, Retail, Consumer Goods & Lifestyle and Internet Governance with other questions taken by our speakers provided by the attendees. We also put up 2 Poll Questions that reason with the opinion of the attendees over the topic.  

 To sum up the event, Blockchain leverages establishing, tracking and maintaining Digital Identities of individuals in the internet space, backing up classified information. In case you have missed the Tech Talk, you can visit our Youtube page and watch. 

Why can Financial Modelling be a big move for your career?

The Global Financial Market keeps pointing out to strengthen the core of revenue generation is to build a flexible financial model for any business. Be it startups or Medium Enterprises, organizations are gravitating to invest in profitable Financial Models to thrive. The Data-driven economy has changed the matrix of functioning. It is no more about having just a unique idea, but the accurate mathematical construction of a Financial Model that would run the show.

Financial Modelling is an abstract representation, a tool that predicts/forecasts a company’s economic performance based on accumulated data. It aids the decision-making process, helping any business to undergo calculative risks with predictive formulas. The high dependency on emerging technology has made way for businesses to employ advanced techniques to improve their success rate. Thus, you can say Financial Modelling has appeared to be one of the best career choices you can opt for.

Financial Modelling as a career

The dynamic nature of the business market is catering to a variety of career opportunities like data science, business intelligence, data analytics etc. So, what should make Financial Modelling your first choice is an answer to a rather elaborative subject that talks about you get a window of opportunity to upskill, resting upon the present formal degree you have. So, it does not narrow your prospects but widens them. An irresistible factor is that it can be implied to Marketing, investment banking, corporate development, equity research, accounting and many other fields.

Financial Modelling is an excellent skill that will look great on your resume only if you back it up with a proper learning course that helps you gain training to build effective financial models. Big Innovation Centre India’s Premium Membership Programmes offers you Financial Modelling and Valuation course and similar other courses to upgrade your skillset and become a better fit for your next job.

Why should you learn Financial Modelling?

There are several reasons why you should be taking up this course:

  1. You get to take part in the business’s decision-making process and create a position that would influence the business’s future. A financial modelist plays a vital role in helping the decision-makers understand the fundamentals of the business factually and not merely on blind trends.
  2. The competition in Financial Modelling as a career is comparatively low as to its demand. This is rather a newer career option for all who like the financial aspect of a business.
  3. It helps you represent a clear idea of prospective mergers, acquisitions, and other business development opportunities with other companies, giving you an upper hand in understanding how things fall back.
  4. It also helps you contribute to the capital of the business by eliminating the risks and adding value.

Career Opportunities in Financial Modelling

The job role and opportunities of a Financial Modelist extends in various directions like Business Analyst, Financial Analyst, Financial Manager, Equity Analyst, Market Research Analyst, Associate Analyst etc. It creates a ground for you to explore finance as a domain. Financial Modelling provides a position that directly influences the future of any business. Though to pursue any of these careers, to have an analytical mindset dedicatedly.

If you wish to know more about Financial Modelling, you can read this research paper on ‘The art of company financial modelling’. Visit our website and know more about many similar courses that will help you extend your knowledge base.

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3rd March ‘Art of Innovation’

Art of Innovation

Though the topic pertains to a vast subject, it is time that we talk about Innovation and realize that we innovate every day. Change is the only constant, and it is change, that directs us to be creative to survive.  

Big Innovation Centre, India, conceptualized an idea that revolves around core Innovation. On 3rd March 2021, we hosted our first ‘BIC Conversation’ and initiated the ‘Innovation and Entrepreneurship Series’. The topic was the ‘Art of Innovation’. As the topic, the Conversation held out to be unique due to the presence of two Global Experts, Prof Birgitte Andersen (CEO, Big Innovation Centre, UK) and Mr Jay (CSO, Big Innovation Centre, India). We value the environment knitted by them on 3rd March, which captivated the audience and extended the webinar to an elaborate exchange of ideas on how can we do better to receive the best.  

The webinar encapsulated within three major areas; what is Innovation and Why is it essential to implement it, Types of Innovation and Strategic Advantages through Innovation. We also had a detained presentation by Prof Birgitte Andersen that touched the surfaces of present issues that the world is dealing with. All in all, the webinar was a success that delivered what it promised to offer to its audience.  

Keep visiting us to know more about innovation and participate in such Webinars and events.