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The SciForce Medical team recently attended a major oncology conference in Ukraine. The two-day event in Kyiv brought together over 2,000 experts, including doctors, researchers, and industry leaders. It provided a great chance to learn about the latest advancements in cancer care and connect with potential partners. The conference had a busy schedule of sessions, workshops, and presentations on topics like cancer diagnostics,advanced treatments, and personalized care. Since we couldn’t attend e
Published: December 23, 2024What if businesses could access unlimited, high-quality data without privacy risks or tedious preparation? Synthetic data is making this possible, offering a scalable, efficient alternative to real-world data. Gartner predicts synthetic data will surpass real data in AI model training by 2030, with the market growing from $351.2 million in 2023 to USD 2,339.8 million by 2030, at a CAGR of 31.1%. Data preparation is a major hurdle, with data scientists spending over 60% of their time cleaning and
Published: December 9, 2024After an exciting time at the 10th Annual OHDSI Global Symposium at the Hyatt Regency in New Brunswick, NJ, SciForce is coming back with new energy! With over 470 experts gathered from around the world, our team, led by Polina Talapova, explored the latest tools and methods in OHDSI and OMOP. We tackled topics like data conversion, geospatial vocabularies, and Jackalope benchmarking, gaining valuable insights and sharing strategies to help move healthcare research forward. Educational Tutorial (
Published: November 8, 2024Predictive maintenance (PdM) is quickly becoming a must-have for industries looking to avoid the headaches of unexpected equipment failures. Imagine a manufacturing plant where a critical machine breaks down suddenly, halting production and costing thousands of dollars per hour in lost output. PdM helps prevent these costly surprises by predicting when equipment might fail, reducing downtime, and keeping operations running smoothly. As more businesses realize the benefits of catching problems be
Published: September 24, 2024LLMs are enabling computers to understand and generate human-like text, making them indispensable in industries ranging from customer service to content creation. The global market for LLMs is expected to skyrocket from $1.59 billion%20market%20size%20in%20terms%20of,79.80%25%20during%202024%2D2030.) in 2023 to $259.8 billion by 2030, with North America alone projected to hit $105.545 million by 2030. The dominance of the top five LLM developers, who currently hold 88.22% of the market revenue,
Published: September 4, 2024Ever wonder why so many machine learning (ML) models never see the light of day? Despite their huge potential, only 32% of data scientists say their models usually get deployed. Even more shocking, 43% report that 80% or more of their models never make it into production. This means many businesses miss out on the full value of their AI projects. Imagine a retail company spending months developing a sophisticated customer recommendation system, only for it to never be implemented—losing out on p
Published: August 7, 2024Healthcare providers manage an enormous volume of data daily, approximately 137 terabytes, most of which is unstructured. This includes a wide array of formats such as medical images, clinical notes, and genetic test results. Unstructured data, crucial for patient care, poses significant challenges due to its complexity and the varied sizes of its components. The volume of healthcare data is rapidly increasing, fueled by the widespread adoption of electronic health records and advances in medica
Published: July 17, 2024Predictive analytics uses historical data and techniques like statistical modeling and machine learning to predict future outcomes. It provides accurate forecasts, helping organizations predict trends and behaviors from milliseconds to years ahead. The global predictive analytics market was valued at 14.71 billion U.S. dollars in 2023 and is projected to grow from 18.02 billion U.S. dollars in 2024 to 95.30 billion U.S. dollars by 2032, with a compound annual growth rate (CAGR) of 23.1% during
Published: June 12, 2024Since 2015, Sciforce has been an active contributor to the OHDSI scientific community. Our medical team is consistently at the forefront of OHDSI events, sharing groundbreaking research and driving advancements in health data harmonization that empower better health decisions and elevate care standards. The fall event was no exception: from October 20 to 22 Polina Talapova, Denys Kaduk, and Lucy Kadets were delegated as our company representatives to the Global OHDSI Symposium with more than 440
Published: November 1, 2023What are the central parts of any data-driven story, and how to apply the Gestalt laws to your data visualization reports? What role does context play in your data story? We are dwelling on these questions and providing you with a list of the best books and tools for stunning data visualization. Check it out! First, let us start from the central part of any good data story — the data-ink ratio. You’ve probably heard of or read something from Edward Tufte, the father of data visualization, who ha
Published: December 9, 2021