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In-office MRIs – a new way to screen, treat patients

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How Promaxo’s MR tech will eventually allow for diagnostics and treatment in the specialists’ office

When the average person thinks of an MRI, they probably have visions of being strapped on their back to a gurney as they slowly get swallowed up by a giant tube. It’s not the most enjoyable experience yet it hasn’t changed all that much since the first MRI was successfully performed on a patient in July 1977

Despite the millions of MRI scans done annually in the United States for the last 40 years, the basic hardware remains big, bulky and energy-inefficient. Do we really need this massive hardware to scan our entire body if we only need to view specific bones, tissues and organs? Moreover, given the vision that an MRI provides, shouldn’t they also be used for guided procedures. Yes to both questions.  

That’s the vision of Promaxo. The Oakland-based startup is bringing the MRI to the 21st century by reducing its footprint, thereby enabling its use in a specialists’ office. Not only is the machine smaller and less expensive, it doesn’t require the patient to be put inside and most importantly, it becomes far more accessible to patients, who often have to wait weeks to schedule an appointment to get one done. 

Promaxo is one of the many companies collapsing the time between the point of care and critical screenings, a significant macro tailwind working to the benefit of all patients. But it’s one of the few, if any, bringing the MRI screening to a doctor’s office, and equipping it with functionality to execute far more efficient treatments. 

The evolution of the MRI

MRI (magnetic resonance imaging) machines are essentially giant magnets that use magnetic waves and radiofrequency currents to produce images of organs and tissues, unlike X-rays and CT scans, which use radiation.

Each MRI scanner has a field strength based on the size of the magnet. Field strengths, which are measured in tesla – a unit of magnetic induction, normally vary between 0.2 and 3 tesla. MRI innovation has largely focused on increasing the field strength. In 2017, the FDA approved the first 7T MRI machine. Higher field strength typically leads to better image quality.  

“One aspect of MRI that’s improved a lot is higher field strength that is safe for human usage,” said Amit Vohra, co-founder, President and CEO at Promaxo. “Another big innovation has been to combine MRI with other imaging modalities such as PET to create these new hybrid imagers. Hybrid imaging is another pathway that the larger players are on to upsell their MRIs from $1 million per tesla for a standard MRI to upwards of $10 million to utilize a combination of MRI and PET images.” 

It is demand for these new imaging modalities and high-quality images that’s driven the MRI market. But increasingly, there’s a need for advances in the hardware itself. 

The market for MRIs is estimated to hit $9.1 billion in 2022, up from $6.6 billion a couple years ago, fueled in part by a growing elderly population and demand for improvements in the hardware. 

“In the last five to 10 years, with extensive computing power now available, we’ve been able to create a breakthrough on the hardware, making it small enough to go inside a doctor’s office,” he said. “Importantly, the field strength is lower, thereby eliminating the risk of accidentally attracting metallic objects.” This is known as the “missile-effect.” 

Despite the field strength being lower, the image quality hasn’t been compromised due to advances in technology, “such as nonlinear reconstruction, that compensate for the field non-uniformity inherent in our low-field magnet design,” Vohra explained. In simpler terms, these advances are akin to a smartphone’s pixel density increasing, which leads to improved image quality.

The result is Promaxo’s MRI device is smaller, with a lower field strength that produces comparable-to-better images to traditional MRI, but at a far lower price point.   

Putting an MRI in a doctor’s office

Promaxo is still fairly early on in the development of its technology, so it has begun exploring the use of its platform in the offices of two specific fields: urology and sports medicine, even though the brain would have actually been an easier organ to target first.

“There’s a lot of research on the brain, so you could leverage all that research and be much further along in development,” said Vohra. “Compare this to the placement of the prostate organ and the tissue around the prostate. Even with conventional MRIs, prostate scans have been one of the toughest to do. Most radiologists are not even trained on prostate MRIs.”

So, if the prostate is such a difficult area to go after, why start there? Partially, it’s because of the ubiquity of MRI scans on the brain (almost a quarter of all MRIs done in the world are done on the brain right now), and brain MRIs being performed in hospital setting. 

Urologists and orthopedists, however, would see a major benefit from having access to their own MRI machines, which they couldn’t have had when they were giant, bulky pieces of hardware that attract every piece of metal in an office, which is why MRI machines have always required its own room. With Promaxo’s MRI machine, they can finally do MRI scans in-office. 

“There are about 12,000 board accredited urologists as specialists in the U.S. out of which almost 8,000 work for practices and community settings. And no one is in the market providing this service to them. It is a beachhead market so we don’t have to go after hospitals,” Vohra explained. 

Putting an MRI directly into a doctor’s office also means that these doctors can service the patient themselves. Doing an MRI right at that point of care saves time and money. 

“We can create a seamless process where a patient comes in, you perform an MRI right on them in-office, and within a day or two you could perform a biopsy if you need to, and then you can provide instant diagnosis,” said Vohra.   

MRI robot hands for procedures

Promaxo is starting small, literally, given the actual size of the prostate. But the company has much bigger plans. 

“Orthopedics and sports medicine market is openly available. Breast oncologists are also extremely keen on implementing live procedures with an MRI as well. And once we’ve established a couple of these markets then the hospital networks become attractive,” said Vohra. 

The big value proposition for hospitals, beyond just the ease and portability of Promaxo’s device, is the company’s future plans to develop robots that can allow procedures to happen alongside MRIs. Remember, this isn’t possible with conventional MRIs because the magnetic field is too strong, and could easily do harm to people by having things flying at the machine; since Promoxo’s field is much smaller, and it doesn’t have this problem, it can add on all of these additional features that traditional MRI machines can’t do safely. 

“Because our field strength on the MRI side is extremely low compared to conventional MRI, we can bring conventional robotic motors and shafts close to our MRI without having any safety issues. This allows us to then guide the robot under a live MRI,” Vohra explained. “The goal would be that, once an MRI is being performed on a patient, you could, potentially, perform a live biopsy on that MR or even an intervention, whether it’s a radiation treatment or even conventional robotics treatment as well,” Vohra explained. “This is probably the biggest value proposition we have, MRI for guided procedures.”

A game changer

We are living in a world in which approximation isn’t sufficient enough when conducting procedures, especially if we can have increasingly better vision of the organs and tissues inside our bodies. It’s hard to know when that time will come when MRIs give us that sight or when they become ubiquitous across specialists’ offices. 

But one thing is for certain, it would certainly be revolutionary and life changing. 

Source: http://feeds.vator.tv/~r/vatortv/news/~3/fwk_TxAggFk/2020-01-15-in-office-mris-a-new-way-to-screen-treat-patients

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Overview and Market Trends of Crypto Games in 2021

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The number of gamers worldwide is estimated at around 2.6 billion in 2020. The upward trend will add another 125 million by the end of 2021. About half of them hail from the Asia-Pacific region. The crypto gaming scene is representing an increasingly large portion of that number. Crypto games are still a relatively unknown term, at least to the general public, but in 2021 they are expected to explode due to various trends detected in this year. The potential is just too great to be ignored. Ability to reward players and let them trade for real money their in-game items is something a lot of games have tried – mostly unsuccessfully – to achieve in the past. Thanks to blockchain technology, that goal is possible now.

What Is Crypto Gaming?

Crypto games are a relatively new addition to the gaming world. The first games appeared just a few years ago. The main aspect of crypto games is collecting items that rise or fall in value and that can be sold at any time, provided you can find a buyer. One of the first popular crypto games was CryptoKitties. In the game, you can buy a cat and groom it. You can even buy two and breed new kittens. The price goes up and down and you can sell your cats or buy new ones. The most expensive cat ever sold on CryptoKitties reached an astonishing price of $117,000. It was to be expected that the first crypto games would be about cats, but they came in all shapes and flavors. You can collect heroes, monsters, fish, even hamsters. Considering the choice of genres, it is easy to find a game that suits your preferences.

Crypto and iGaming

The iGaming industry is one of the fastest-growing segments of gaming. It is expected to reach a value of 300 billion by 2025. It is no wonder then that a lot of crypto developers are pivoting to it, making their coins iGaming-friendly. 2021 will be huge in terms of using bitcoin for iGaming, judging by some indicators. There is even talk of creating digital coins exclusively for online gambling, although that is far-fetched at the moment. Already established coins, like Bitcoin, Tether, and Ethereum are functioning just fine and are being adopted by more and more online casinos. At this rate, there won’t be an online gambling platform that doesn’t accept them by the end of 2021.

The Trending Platform in 2021

Most crypto games available today are based on the Ethereum blockchain and we don’t see that changing in 2021. Simply put, the Ethereum blockchain is an extremely convenient platform for this kind of apps. IT is readily available, easily modified, and has great tech support to bail out developers when they hit a snag. All these attributes make Ethereum perfect for crypto gaming since the majority of the studios developing games are independent. As such, they can’t afford the muscle power large developers have at their disposal, and having friendly tech support and a platform that can be easily adapted to their needs is crucial. However, this too can change in the upcoming year, but more on that later.

The Developers

As we mentioned earlier, there is only a handful of big names in crypto gaming. Most developers are small indie companies and startups. For the last two or three years, they have been working diligently to create games and in 2021, they are poised to reap the benefits of their hard work. Some of the games, like My Crypto Heroes or Blockchain Cuties, already boast thousands of players and are ready to blow. This will allow their creators to emerge as the first crypto gaming powerhouses on the market. On the other hand, a lot of established studios are eyeing crypto gaming and making plans to join in the fray. They will bring to bear a massive amount of money, influence, and talent, which will affect the segment in a considerable way.

The Benefits of Crypto Gaming

Blockchain technology is on the verge of transforming the Internet. The benefits it offers are huge, but one thing that is slowing its implementation is that most people don’t know enough about it. Crypto games can help with that. By presenting this newfangled technology in a familiar manner – and what is more familiar than gaming – crypto games will allow people to get acquainted with it. This familiarity will make the adoption of all other applications of blockchain that much easier. Even casual gamers, who spend just a few hours weekly playing crypto games will be familiar enough with it that blockchain won’t sound so alien to them. Crypto games will help the world adjust to blockchain in preparation for its wide application.

Crypto Games That Will Mark 2021

Predicting which games will be huge in 2021 can be ungrateful, but we will give it a try. One of our favorites is Forgotten Artifacts. It appeals to our Dr. Indiana Jones fantasies, as it lets you collect various items and artifacts around the game world. The game is still in beta and one limitation is that it can only be played with an Enjin wallet. My Crypto Heroes is another game that shows tremendous potential. Based on Japanese mythology, it allows you to collect various heroes and train them to add new characteristics and increase their value. For our final recommendation, we have chosen Blockchain Cuties. Think of it as Tamagotchi, but with cute monsters instead. You can collect them, breed them, and train them to increase their skill in battle.

 

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Zumo launches smart portfolio feature to view and manage overall crypto assets

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  • Zumo Smartfolio allows users to clearly access the current and historical value of their digital currencies

 

  • The feature, included in the app’s 2.13 version, also provides insights into possible exchange opportunities to make a profit

 

Edinburgh, UK – 21 December 2020.- Zumo, the digital wallet and payments platform, has launched Zumo Smartfolio, the latest of the app’s innovative features enabling users to view and manage their overall crypto assets and track the relative position of each of their exchanges in a simple and intuitive way.

The introduction of Zumo Smartfolio in the 2.13 version of the app allows users to access the current and historical value of their exchanges, as well as to see how much gain, or loss, they have made on them over time. The new feature includes a smart portfolio score calculated by matching a user’s buying positions with their sales, providing insights into possible exchange opportunities that could make them profit.

In addition, Zumo Smartfolio has been designed to ensure users can view their data in an intuitive way through interactive pie and line graphs. Users can set the time frame of their Smartfolio to see how their asset values have changed with one day, one week, one month, three months, and all-inclusive timeframes.

Paul Roach, chief product officer of Zumo, said: “By offering Zumo users this feature, we make it even easier for them to take control of their own funds and become responsible smart money-savers, investors or traders. Or even all three.

“Zumo Smartfolio is the latest of a series of innovative features we are launching in the next few months. Users will soon be able to view and download their entire exchange history, as well as their associated Smartfolio data, and spend cryptocurrency alongside traditional money in everyday situations with the upcoming Zumo convertible debit card.”

Zumo App was launched in the UK to make the benefits of blockchain and cryptocurrencies more accessible to everyone by offering users the chance to buy, sell, spend, and send both fiat and cryptocurrencies. The launch of Zumo version 2.12 in November introduced Exchange Price Alerts, a feature that allows users to set up price alerts, notifying them when the price of Bitcoin or Ether reaches a certain level.

 

NOTES TO EDITORS

 

About Zumo

Founded in Edinburgh in 2018 by experienced entrepreneurs Paul Roach and Nick Jones, Zumo’s fully decentralized, patent-pending, HD wallet infrastructure is available direct to consumers through Zumo App and to businesses through ZumoKit (our SDK) and enterprise partnership solutions in the developing world.

 

Zumo is a purpose-driven fintech business with transparency and financial inclusion at the core of our values. We’re on a mission to bring the benefits of decentralization, digital assets, and blockchain technology to ordinary people, everywhere. Our platform enables users to safely store, send, spend, and exchange digital money anywhere in the world easily and cheaply from a mobile device. We do this in the fastest, most transparent, and secure way possible. Our core technology is patent-pending and massively differentiated, giving us the potential to create a world-leading position for a British company, whilst making a big contribution to financial inclusion at a time of the global crisis caused by Covid-19.

 

For more information

Scott Reid

Scott.reid@charlottestpartners.co.uk

Mob +44 7912 483423

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Beyond Limits to Expand Industrial AI in Energy with Nvidia

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LOS ANGELES, CA – December 16, 2020 – Beyond Limits, an industrial and enterprise-grade AI technology company built for the most demanding sectors, today announced it is working with NVIDIA to advance its initiative for bringing digital transformation to the energy sector.

Beyond Limits will collaborate with NVIDIA experts on joint go-to-market strategies for Beyond Limits’ products and solutions in the energy sector. The company will also take advantage of NVIDIA technical support and GPU-optimized AI software such as containers, models, and application frameworks from the NVIDIA NGC catalog to improve the performance and efficiency of its software development cycle.

“AI has the potential to make a major impact on problems facing the heart of the global energy business, but the technology requires high levels of computing power to operate on the level and scale required by many of today’s global producers,” said AJ Abdallat, CEO of Beyond Limits. “That’s why we’re so excited to collaborate with NVIDIA, a leading provider of AI computing platforms. With NVIDIA technology support and expertise, Beyond Limits is better positioned to offer faster, more intelligent, and efficient AI-based solutions for maximizing energy production and profitability.”

Breakthroughs in novel high-performance AI solutions are projected to have significant impacts throughout the energy industry. One key challenge facing the upstream oil and gas sector includes the resource requirement for optimizing well deployments, especially when data on a region’s geological properties is highly uncertain. To overcome this problem, Beyond Limits developed a novel deep reinforcement learning (DRL) framework trained using NVIDIA A100 Tensor Core GPUs, capable of running 167,000 complex scenario simulations in 36 hours. Following initial tests, the DRL framework yielded a 208% increase in NPV value by predicting and recommending well placements, based on the number of actions explored and the expected financial return from reservoir production over time.

“The NVIDIA A100 offers the performance and reliability required to meet the demands of the modern-day energy sector,” said Marc Spieler, Global Energy Director at NVIDIA. “The ability to process hundreds of thousands of AI simulations in real-time provides the insight required for Beyond Limits to develop scalable applications that advance energy technologies.”

Beyond Limits Cognitive AI applies human-like reasoning to solve problems, combining encoded human knowledge with machine learning techniques and allowing systems to adapt and continue to operate even when data is in short supply or uncertain. As a result, Beyond Limits’ customers are able to elevate operational insights, improve operating conditions, enhance performance at every level, and ultimately increase profits. For more information, please visit https://www.beyond.ai/solutions/beyond-energy.

About Beyond Limits

Beyond Limits is an industrial and enterprise-grade artificial intelligence company built for the most demanding sectors including energy, utilities, and healthcare.

Beyond traditional artificial intelligence, Beyond Limits’ unique Cognitive AI technology combines numeric techniques like machine learning with knowledge-based reasoning to produce actionable intelligence. Customers implement Beyond Limits AI to boost operational insights, improve operating conditions, enhance performance at every level, and ultimately increase profits as a result.

Founded in 2014, Beyond Limits leverages a significant investment portfolio of advanced technology developed at Caltech’s Jet Propulsion Laboratory for NASA space missions. The company was recently honored by CB Insights on their 2020 List of Top AI 100 most innovative artificial intelligence startups and by Frost & Sullivan for their North American Technology Innovation Award.


For more information, please visit www.beyond.ai.

Contact Information:
Ed Cruz

LEWIS for Beyond Limits

619-308-5245

beyondlimitspr@teamlewis.com

 

 

 

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7 Ways to Skyrocket Business Growth Using Blockchain

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Every business owner is looking for ways to expand their market reach and boost their revenue generation. Luckily, technological advancements are providing new strategies that can set them apart from competitors in the market.

Blockchain technology is one of those fresh strategies that is quickly transforming the business realm. This technology stores transaction in an electronic register (database) in the form of blocks, where they cannot be altered in any shape or form. People only associate Blockchain technology with cryptocurrencies, misunderstanding that it is just a branch. This article highlights how your business can benefit by adopting the path of Blockchain technology.

Here are 7 ways to skyrocket your business growth using Blockchain:

1.    Helps Build Trust with Customers

Many businesses fear that changing up strategies can be detrimental to their success. But the truth is that if businesses want to stay relevant in the long-run, then they need to embrace new trends and technologies.

This fear is often associated with Blockchain technology as it is relatively new compared to more traditional systems. But leveraging Blockchain can help companies unlock unearthed potential and improve their audience reach. The best way to get started is by showing existing customers how this technology can offer a lot of advantages, the most important being increased confidentiality.

Businesses that aren’t ready to accept this change will get left behind, so now’s your chance to make the shift.

2.    Adds Ease In Employing Reliable Staff

Businesses need to have a cooperative and committing staff to be able to increase their business’s development because “team-work makes the dream work.”

However, it requires a lot of time and research to be able to recruit employees that are dedicated enough. Blockchain can ease that burden and does the job quickly.

Most candidates will add information in their CVs that might not be accurate; Blockchain can allow you to legally have access to all their personal records, like academic and past employment. This way, you can check the legitimacy of their aptitude and be able to recruit the most talented.

Hence, this method can help you hire the staff that will help you reach your goals in your business and gain success.

3.    Prevents Irrelevant Ads

Online advertisement has been around for a very long time. They can’t be taken down or get removed as a lot of money has been spent on them. How many times have we been interrupted by ads while browsing the web for something? Too many! Blockchain can play a major part in eliminating the amount of spammy content we’re subjected to while browsing. Since ads cannot be removed from the internet, Blockchain gives clients the liberty to choose what kind of ads they would like to see while surfing the net. This way, the person who creates those ads can also benefit from this by gaining qualified traffic and having more exposure.

4.    Makes Online Transactions Secure And Confidential

Most people worry about their personal information being compromised or getting hacked when performing online transactions. However, the Blockchain prevents that from happening.

It makes sure that all the weak points are fixed so that it cannot be tampered with or hacked. It allows you to perform online transactions on the internet without needing to use payment processors like PayPal, Bank, Credit Card, etc.

It also ensures that a customer’s previous transactions can’t be viewed unless it’s someone who is a relative or involved with the customer. For example, a carpet cleaning company leverages Blockchain technology to aid customers in conducting anonymous online transactions, eliminating all kinds of additional charges which are involved when using traditional payment methods. This will definitely act as a draw to those tech-savvy audiences that are keen to shop online without leaving any traceable tracks behind.

5.    Improved Auditing

The Blockchain serves as a balance sheet to document transactions and check if they are efficient and authentic. The process of evaluating recorded transactions to check if it is precise, applicable, and dependable is known as an audit.

For example, instead of asking third parties to send confirmation statements, auditors can easily validate transactions by using free Blockchain ledgers online.

6.    Easy to Raise Funds

There used to be a time where you would need to request a loan from a bank to be able to fund your business, but now the times have changed drastically. Now you can find multiple ways to fund your business.

ICO (Initial Coin Offering) has become the most well-known and admired way to raise capital for your business venture. It can also be known as a token sale. Investors are offered a token in the form of cryptocurrency in exchange for real money or any other digital currency. This new methodology helps to raise funds as it offers some form of value to the investor.

7.    Successful Marketing Campaign

Companies depend on data related to consumer interest’s drive better marketing. Market research is another area where Blockchain technology can help third-party companies to obtain actionable insights. There have been some notable use cases of Blockchain that are empowering digital marketers to build better relationships with customers. This is known as Blockchain Marketing.

Since Blockchain requires no middleman, there is an emphasis on consumer data confidentiality. And the data is owned by the customer, so they’re able to share it willingly with the advertising platform. Once the data is provided, marketers can direct more personalized campaigns towards specified audiences, so there are higher conversions. Moving forward, we are more likely to see this form of digital advertising being leveraged by companies.

Conclusion – Using Blockchain the Smart Way

If you are planning to upgrade your business through the implementation of Blockchain, it is advised to keep in touch with a legitimate Blockchain development firm. This technology has just entered the phase of implementation, with research being conducted to discover its range of applications. With little knowledge available about its hidden challenges, it will be tough to navigate obstacles due to lack of experience. But with its immense potential, it would be foolish not to harness the power of this technology.


Source: Shaheryar Sadiq. Shaheryar provides ghostwriting and copywriting services. His educational background in the technical field and business studies helps him in tackling topics ranging from career and business productivity to web development and digital marketing.

 

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