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Cars of Tomorrow: The Future of Automobiles – ReadWrite

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Steve Hoffman


Everyone knows self-driving cars are coming and will upend the automotive experience, but what other jaw-dropping inventions are headed our way? Here I’m talking about the cars of tomorrow and the future of automobiles.

Let’s start with electric vehicles (EVs). Elon Musk, the visionary CEO of Tesla, and when he announced that the company is working on a million-mile battery.

Well, the battery won’t allow you to drive for a million miles without recharging, but it will last for a million miles before it must be replaced.

This is a big step forward considering EV batteries typically last 200,000 miles. With a million-mile battery, the car would fall apart long before the battery goes dead. This also means the owner can sell it or transfer it to a new car, resulting in less pollution and waste.

It’s nice to have a battery that can outlast the car, but what about the headache of charging an EV?

The brains at Huawei are working on a solution. They want to make charging your car effortless and are developing a system for wirelessly charging vehicles.

These charging pads could be placed anywhere, from parking garages to carports—and maybe even on city streets. At some point, we may no longer have to worry about charging our cars. It will just happen.

If we look further out into the future, Daimler and Toyota are developing fuel-cell vehicles, which will convert hydrogen into electricity.

A hydrogen-powered car would emit only water vapor, saving both money and cutting down on greenhouse gas emissions. Hydrogen can also be produced on site. Already, in the UK, they have refueling stations that produce their own hydrogen on a commercial scale using solar power.

Hydrogen cars typically have longer ranges than EVs, and they only take five minutes to refuel. These are tangible benefits, but hydrogen still has a long way to go. Unlike EVs, which consumers can recharge in their garages by simply plugging them in, hydrogen vehicles lack this infrastructure. Refueling stations are few and far between.

Thirteen companies, including Toyota, BMW, and Daimler, have committed to invest $10 billion to develop hydrogen technology and infrastructure over the next ten years. By 2023, Germany should have 400 hydrogen fuel stations. And California is expected to have 200 hydrogen stations by 2025.

Hydrogen isn’t the only alternative fuel.

In the United States, there are already 175,000 natural-gas-powered vehicles on the road, along with 1,600 refilling stations. Despite being available for some time, however, natural gas-powered vehicles haven’t taken off for several reasons.

They don’t get nearly the mileage that gasoline vehicles do. They are considerably more expensive to buy — and the models available are limited and uninspired.

Methane is another possibility.

In the United States, the oil industry spews 13 million metric tons of methane into the atmosphere every year. If we harvested this potent greenhouse gas, it would be enough to power millions of vehicles and homes. And it’s not just the oil industry.

Cow-Powered Car? Okay by me!

Cattle contribute 37 percent of all industrial methane emissions. A single cow produces between 70 and 120 kg of methane per year. With 1.5 billion cattle spread across the globe, this adds up. T

his is why Toyota is even considering harvesting methane from cows. Scientists are working to capture this gas whenever cows burp it up. So, don’t be surprised if cow-powered cars appear on the road one day.

Parking

On a more practical level, have you ever forgotten where you parked your car in a crowded parking garage? If you have, you’ll know how infuriating that can be. The good news is that Huawei might have a solution in the works.

The company told me how it’s developing AI that will guide the owner to the correct parking spot using their smartphone. This means no more blindly wandering around the garage searching for your car.

If misplacing your car isn’t bad enough, falling asleep at the wheel is. In the United States, there are roughly 90,000 crashes involving drowsy drivers every year, leading to an average of 50,000 injuries and 800 deaths.

Huawei is working on solving this problem too. Using neural networks, the car analyzes the driver’s facial expressions and sends out an alert when the risk of nodding off is high. This same technology can potentially be used to detect drunk drivers.

Every year in the United States, approximately 10,000 people die because of alcohol-impaired driving, accounting for roughly 30 percent of all traffic-related fatalities. If the AI solution determines that the driver is intoxicated, it could send out an alert or even disable the ignition.

With the rapid developments in autonomous driving technology, we can see cars transforming into entertainment and productivity platforms.

Once cars start driving on their own, the drivers will be free to do whatever they want. This means they can kick back, watch movies, play games, get work done, and even enter virtual experiences. It may become commonplace to virtually appear in one meeting as you’re driving to another.

The interiors of cars will change. People may sit at a table facing one another, like in railway cars. Cars may also become a second bedroom. When people have a long drive, they may choose to travel overnight, saving the hassle of flying.

Speaking of flying, will cars soon be taking to the air?

Sky Drive, a Toyota-backed startup, has already tested its flying car and expects to launch a manned flight within two years. Not to be outdone, the Alibaba-backed startup, Xpeng, just revealed its flying vehicle. This one looks less like a car and more like a giant drone with seating for one passenger.

Hyundai is thinking bigger. It has plans for models that will carry up to six passengers within metropolitan areas. They anticipate entering the market by 2028. Many experts I’ve spoken with believe that the first generation of flying cars will be used mostly for flights ranging from 50 to 800 miles.

If you want to travel between cities, taking a flying car may become a viable option. Flying within cities is a bigger challenge because of concerns around privacy, noise pollution, and safety. Imagine what could happen if a flying car slams into a home or skyscraper.

For these reasons, ground vehicles will remain the dominant form of transportation within most cities for the next decade or so.

A third option is a hybrid autonomous air-ground vehicle.

This would drive like a car, then sprout wings for longer-distance journeys. These James Bond-like vehicles would transform themselves, driving, flying and even floating, depending on the location, regulations, and weather conditions.

Some futurists even predict that vehicles will become modular. People may choose to zip about in a mini car for short commutes, but for longer trips they may add on a sleeper module or extra trunk. These modular cars may even connect together like pods. Want to take a trip with friends? Simply merge your vehicles into one supercar, where you can party all the way to the destination.

New lightweight materials, like carbon fiber, biomaterials, and graphene, may replace steel and plastic when constructing future vehicles.

AI and the future of cars.

As AI takes over and driving becomes safer, there will be less need for rigid frames. Cars may even be built from flexible, rubbery nanomaterials that don’t exist yet. Or cars may end up looking like inflatable bubbles or hovercraft. Nanotech could entirely alter how cars operate.

Someday in the far future, cars might be able to morph into almost any shape and configuration the driver desires. Want a pickup truck? No problem. Your car simply flattens out, creating a bed in the back for hauling stuff. Prefer to go faster, and the car reconfigures itself for speed.

What about cars, AI and cities?

It’s not only the function of cars that will change but their impact on how we live. Today’s metropolitan areas are designed around cars.

Streets are paved and lined with parking spots, which tend to be eyesores. What if we could replace all this ugly asphalt with greenery, making our streets appear more like parks. With the advent of hovercars that float ten or more feet above street level and flying cars that zip from rooftop to rooftop without ever touching the ground, this could be possible.

Our cities might be transformed into Gardens of Eden, with lush thoroughfares, where pedestrians and cyclists could move without having to constantly be on the lookout for motor vehicles. Considering the fact that cars in the United States kill, on average, one pedestrian every 88 minutes, this would save a lot of lives.

Removing cars from our streets would also make cities more livable, but is that the future of cars?

Most people don’t think about noise pollution, but it has an impact on our psychology and physical wellbeing. Electric cars are already much quieter than gasoline-powered vehicles. In the future, we may have cars floating overhead that are not only silent but invisible.

At the University of Rochester, scientists have developed technology that bends light so as to make an object invisible. If we apply this technology to cars, we may not even know they are there. We could be in the midst of a bustling city, but it might appear as peaceful as a country meadow.

Not only could cars disappear from sight, but they may travel at speeds that make a Lamborghini look like a horse-drawn carriage.

People may drive into a Hyperloop-like transportation tube that accelerates their vehicles to 500 mph or more, while on our freeways, cars may be permitted to drive at 150+ mph, as long as humans aren’t behind the wheels.

Once fully autonomous driving systems become widely deployed, governments may be able to increase speed limits without substantially increasing the risk of accidents.

It’s even conceivable that governments will require all vehicles to be self-driving, and people who wish to drive a car may be required to go to special designated areas.

In other words, a human-driven car may become as obsolete as taking a horse and buggy onto the highway.

This is just a slice of what’s around the corner as cars evolve into flexible, intelligent platforms that not only get you to more places faster but reimagine the experience of driving.

Image Credit: ryutarro tsukata; pexels

Steve Hoffman

Captain & CEO

Steven Hoffman, or Captain Hoff as he’s called in Silicon Valley, is the chairman & CEO of Founders Space (FoundersSpace.com), one of the world’s leading incubators and accelerators. He’s also an angel investor, limited partner at August Capital, serial entrepreneur, and author of several award-winning books. These include Make Elephants Fly (MakeElephantsFly.com), Surviving a Startup (SurvivingAStartup.com), and The Five Forces (FiveForcesBook.com).

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How to Manage Your Time if You’re Going to College

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Calendar


What’s one of the biggest concerns for the 61.8 percent of 2021 high school graduates enrolled in colleges or universities? Adjusting to college life and time management while in college.

A college schedule is not as rigid as a high school schedule. In high school, administrators plan nearly every moment of every day. Sure, it’s possible to do whatever you want, whenever you want. But, it would help if you didn’t overlook the consequences this presents. And, most notably, managing your time effectively.

Most of you have probably never given much thought to time management. Yet, without it, college would be more challenging and less rewarding. For this reason, managing time is significant for all college students. And, if you can master college time management in your first semester, you’ll be unstoppable.

Also, college time management is a skill you can use for the rest of your life. For example, it can help you manage your future work and personal responsibilities — aka work-life balance.

For this reason, we have prepared a guide to help you effectively manage your time as you enter college.

1. Be aware of time-wasters and set goals.

Getting distracted is something we all experience from time to time. However, you should pay attention to what causes you to lose focus on your studies and assignments.

  • Do you spend too much time on social media playing Fortnite?
  • Are you constantly texting and answering personal calls while studying?
  • Are you finding that you spend a lot of time aimlessly browsing the web?

Set a goal not to do anything that wastes your time during dedicated study time. Instead, use those activities as rewards for staying focused and completing your tasks.

2. Get ahead.

There will be more significant assignments in college, such as research papers. When you’re still in high school, experts recommend starting these larger projects well ahead of their due dates rather than cramming at the last minute. It is also essential to study for tests that are scheduled in advance.

If you’ve already graduated, make this a summer priority. An example would be getting a check-up before starting college. Before registering for classes, most incoming first-year students must provide a recent physical exam and vaccination history. Also, if living on campus, don’t wait to select your housing, meal plan, or purchase dorm essentials.

“If you have a research paper due in two weeks, find your research within the first two or three days, then work on reading it for the next four or five days, and then write the paper,” says Jodi Bahr, a science teacher at Harvard Middle School and Harvard High School in Nebraska – also known as Harvard Public School – and high school science teaching division director for the National Science Teaching Association.

3. Work straight from your calendar.

You don’t have to ghost your to-do list. To-do lists are great and all. But it would help if you tried working directly from your calendar instead.

Your mindset changes from a task-based to a time-based one when you work straight from your calendar. With a calendar, you can see when deadlines are and how much time you have left. Additionally, it can increase the sense of urgency for time-sensitive items to be completed first.

Using your calendar view, you can see when you have a lot of work due and when you have fewer things to do. And, if your social schedule needs to be adjusted for a due date, you’ll know immediately.

ISO of a calendar app? You have plenty to choose from. But, I would recommend Calendar, Google Calendar, and My Study Life.

4. Create a dedicated study time.

I already briefly mentioned this. However, it’s worth repeating.

Establish a time for studying or homework only. Don’t pick up the phone and respond to notifications until you’ve finished your work. In addition, avoid checking email or surfing the Web during this time — except when necessary.

If you can, this block of time should be when you feel most energetic and productive. So, if you’re a night owl, this would be later in the day or evening.

5. Leverage technology.

Technology makes college time management easier. For example, you can use time management apps to help you stay on top of things. Some of the best time management apps out there are Todoist, TimeTree, and the already mentioned Calendar.

As previously mentioned, even simple and existing tools like timers and calendars on your handheld device can be used to manage your time.

6. Separate work time from fun time.

There are times to work and times to have fun. So invest your time accordingly. While there are exceptions, like throwing a study pizza party with a classmate, it’s not always possible to combine working and having fun.

7. Only do one thing at a time.

Those who multitask have a drop in IQ like someone who didn’t sleep the night before, according to a University of London study. In other words, you’ll be less productive if you’re juggling multiple tasks and assignments.

When you feel tempted to multitask, ask yourself:

  • What is your most common distraction?
  • Is it possible to turn off the devices or applications?

If you can, turn off all devices. And never start another task until the one before it has been completed.

Breaking this habit may be challenging, but it’s worth the effort.

8. Always keep your eye on the prize.

To manage your time effectively, you need to be able to handle stressful situations effectively. For example, if you’re feeling a lot of pressure because of your school obligations, you can get overwhelmed. Even worse, you may forget which assignments to prioritize.

A simple way to avoid this is to keep your eye on the prize. But, first, don’t forget that college is only a temporary stopover. The knowledge and skills you’re gaining will be helpful one day in your career and personal life.

9. Ask for help.

Asking for help often takes the form of delegation, which is a method of time management. Imagine taking turns cleaning if you’re living with roommates, for example. If you do this, you will be able to focus on schoolwork (or social activities) a bit more.

You could also ask a classmate the hacks they use to stay on top of everything. And, if you’re really struggling, find out what resources are offered by your school. There are also plenty of free mental health resources for college students.

10. Don’t be afraid to say “no.”

If you have a test the following morning and your friend asks you to go to a movie one night, it’s okay to say no. You could instead plan a time that works for both of you to see the latest MCU movie.

Published First on Calendar. Read Here.

Featured Image Credit: Photo by Yan Krukov; Pexels; Thank you!

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We are Calendar, trying to make the world a much more productive place. Check us out online at https://www.calendar.com.

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Retirement Planning Tips for the Self-Employed

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Free Your Money: Strategies for Keeping Your Money In The Best Place Possible - ReadWrite


For the self-employed, retirement planning can be a bit more complicated than for the rest of the population. They don’t have the benefit of an employer-sponsored plan and an HR department where they’ll find counseling and advice on planning for their retirement years. However, that doesn’t mean the self-employed can’t have a comfortable retirement or that they should work until they drop. With a little bit of planning and creativity, self-employed individuals can save enough for a laid-back retirement full of fun, travel, and well-earned rest. Here are eleven tips to get you started.

Tip #1: Start saving for retirement as much and as early as possible

When we’re young, it’s hard to focus on long-term goals like retirement, and we tend to focus much more on our immediate needs. This includes things like buying a house or a car, taking care of student debt, paying monthly bills, and more. If you’re a passionate entrepreneur running your own business, even things like housing and a car may come second in terms of priorities; you usually focus all of your time and energy on business management and growth, so retirement planning falls way behind.

However, if you want a comfortable retirement, the best time to start saving was yesterday; the next best time is today. At this point, what matters is not how much you save for retirement every month or year (we’ll cover that in a moment). What really matters is to get started.

However, if you want to retire comfortably, you must start saving as much as possible as early as possible. The sooner you start contributing to a retirement account, the more time your money has to grow through compound interest.

Why does this matter?

Most people don’t grasp just how much of an impact starting to save one, two, or three years earlier can have on the size of your nest egg by the time you retire.

Let’s run some simple numbers. Suppose you put $10,000 in a 401(k)when you’re 35. It will grow at a 5-8% interest rate. Taking the lower 5% as interest rate, by the time you reach retirement age, those $10,000 will have grown to $43,219. If you wait one year and deposit the money when you’re 36, after 29 years, your balance will be $41,161 instead. That’s $2,058 less you’ll have at your disposal for waiting just one year. Start saving when you turn 40, and you’ll end up with $33,864. That’s over $9,000 less, even though it’s the same $10,000 you started with.

Now imagine you don’t just save $10,000 in total, but save roughly that amount every year, which is what most people saving for retirement do. If you run the numbers, the difference can be tens of thousands of dollars for waiting a couple of years instead of starting to save right away.

Tip #2: Even if you’re your own boss, pay yourself a salary

Just because you don’t have an employer doesn’t mean you can’t pay yourself a salary. This is especially important if your business is doing well and you’re reinvesting most of the profits back into the company and forget to take some of them out as income. When it comes to retirement planning, you need to know how much you’re making every month so you can budget accordingly and set enough money aside for the future. The best way to ensure this is to pay yourself a salary.

How much should you pay yourself?

The answer to this question depends on several factors. The most important ones are:

  • Your current expenses
  • How well your business is doing
  • The long-term financial goals for your business
  • How much money you’ll need to live comfortably once you retire (more on this later).

Tip#3: Choose the right retirement account

When you’re employed by someone else, there’s a good chance your employer will offer you access to a 401(k) retirement account. If they don’t, other options are still available, like an IRA. For the self-employed, the options are a bit more limited, but there are still several retirement accounts you can choose from. The most common four are:

  • One-participant 401(k): This is also known as a Solo 401(k), and it’s perfect for self-employed individuals or business owners with no employees. The contribution limit for 2022 is $20,500, but if you’re over 50, you can contribute an additional $6,500 as a catch-up contribution.
  • Simplified Employee Pension Individual Retirement Account, or SEP-IRA: This account is another tax-deferred retirement account available to small business owners and the self-employed. The contribution limit in 2022 is the lesser of 25% of your net earnings from self-employment or $61,000.
  • Savings Incentive Match Plan for Employees Individual Retirement Account, or SIMPLE IRA: This retirement account is available to small business owners with 100 or fewer employees. The contribution limit in 2022 is $14,000, but if you’re over 50, you can also contribute an additional $3,000 as a catch-up contribution to reach $17,000.
  • Keogh plan: This account is also known as a qualified retirement plan, and it’s available to self-employed individuals or unincorporated businesses.

Each of these retirement accounts comes with its pros and cons, so you must do your research to find the best one for your specific situation. They all share one trait: they’re funded with pre-tax dollars, meaning you’ll be able to defer paying taxes on them until you retire.

However, if you expect to reach a higher income bracket as time passes, choosing a Roth IRA or a Roth 401(k) may be wiser. These accounts are funded with after-tax dollars, meaning you won’t get the tax break now but will when you retire and start withdrawing from the account.

After making your decision, though, the most important thing is to start contributing to one of these accounts as soon as possible.

Tip #4: Estimate how much you need to save for a comfortable lifestyle during retirement

When you start saving for retirement, what matters most is that you start early and save as much as possible without disrupting your short-term plans and lifestyle. But, eventually, you’ll want to begin crafting a real retirement plan. That means:

  1. Setting clear and ambitious yet achievable long-term goals and breaking them into smaller, more manageable ones.
  2. Drafting a clear strategy that’ll serve as a roadmap to achieve those goals
  3. Acting on that strategy and sticking to it as closely as possible
  4. Performing annual controls to see how far you have come, what you’ve accomplished, where you fell short, and what needs to change in the following year to get back on track or reach an even more ambitious goal.

When it comes to setting goals, these need to be specific and measurable. Therefore, you’ll have to define what you expect your retirement to be like so you can estimate how much income you’ll need to pay for that lifestyle without outliving your savings.

This estimate doesn’t have to be perfectly accurate, but rather an assessment that will help you see a ball-park figure of how much you should be saving every month from your income to enjoy the retirement you want.

Tip #5: Invest in a diversified mix of assets

When most people think about retirement, they picture themselves sitting on a beach sipping cocktails or playing golf. But to make that dream a reality, you need to have enough money to cover your living expenses for 20, 30, or even 40 years.

The previous tip was about determining how much your living expenses add up to. However, once you run the numbers, you’ll likely find that your current income isn’t enough to save the amount you need every month. If that’s the case, don’t despair. You can dramatically lower the money you’ll need to set aside every month if you manage to increase the return on your savings, even if only by a little.

This means investing your savings, not just leaving them to grow in a savings account. Regarding investing, stocks and bonds are the two most common asset classes. But there are also other options like real estatemutual fundsexchange-traded funds (ETFs), and even NFTs and crypto trading. The key is to invest in a diversified mix of assets to minimize the risk of losing money while still giving yourself the chance to earn a higher return.

For example, let’s suppose you invest the same $10,000 as before when you’re 35, and you manage to get an average of 6% growth instead of 5%. In that case, instead of $43,219, you’ll have $57,435 when you retire. That’s a difference of over $14,000 for that extra 1% return, without saving a cent more than what you were saving in the first place!

Tip #6: Secure a minimum level of income

No matter how much money you have saved for retirement, it’s crucial to have a plan in place to ensure you’ll have a minimum income level every month. There are several ways to do this, but the most common is to purchase an annuity.

An annuity is a contract between you and an insurance company. In exchange for a lump-sum payment, the insurance company agrees to make regular payments to you for a set period of time or the rest of your life. There are different types of annuities, and you can customize contracts to your heart’s content by adding contract riders.

Annuities are a way to protect your nest egg and to make sure you have a minimum level of income every month, but they’re not without their drawbacks. For one, annuities are complex financial products, and it can be challenging to understand all the different features and benefits. Additionally, annuities come with fees and commissions that can eat into your investment returns, which is something you need to watch out for.

In any case, what matters most is that you set up a safety net you can fall back on in retirement, so you don’t have to worry about running out of money or outliving your savings.

Tip #7: Live a healthy lifestyle

No list of tips about preparing for old age would be complete without this important piece of advice. One of the best ways to reduce your medical expenses in retirement is to live a healthy lifestyle when you’re young. This means eating healthy food, exercising regularly, and getting regular check-ups. Of course, this isn’t always easy, but it’s worth it in the long run.

A healthy lifestyle will help you avoid costly medical bills down the road and help you feel better and enjoy your retirement more. After all, what’s the point of saving for retirement if you can’t enjoy it?

So make sure to take care of yourself now, and you’ll be thankful later.

The bottom line

There’s no one-size-fits-all answer regarding retirement planning, especially if you’re self-employed. However, following these tips should give you a good start. Remember to invest in a mix of assets, secure a minimum income level, and live a healthy lifestyle. And most importantly, don’t wait until the last minute to start planning and saving for your golden years.

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Know exactly how much money you will have going into your bank account each month. No tricks, no gimmicks. Simple retirement for the modern day human.

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Why is Artificial Intelligence Crucial for Biotechnology?

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Why is Artificial Intelligence Crucial for Biotechnology?


Biotechnology lies in the middle of biology and technology. Through modern technologies, it uses biological processes, organisms, cells, molecules, and systems to create new products for the benefit of humanity and the planet. In addition, it contains laboratory research and development through bioinformatics to explore and extract from biomass through biochemical engineering to develop high-value products. Biotechnology operates in various fields, such as agriculture, medical, animal, industrial, and others.

White biotechnology, related to creating products demanding chemical processes from biomass, can also be one of the solutions to the energy crisis by producing biofuel. The latter can be used for vehicles or heating.

Each organization working in the biotechnology sphere maintains voluminous sets of data stored in databases. This data must also be filtrated and analyzed to be valid and applicable. Such operations as drug manufacturing, chemical analysis, enzyme studies, and other biological processes should be backed by computerized solid tools for high performance and accuracy, as well as helps to reduce manual errors.

One of the most helpful technologies that help to manage the biological processes, drug production, supply chain, and deal with data within biotech is Artificial Intelligence.

It interacts with data received through scientific literature and clinical data trial. AI also manages incommensurable clinical trial datasets and enables virtual screening and analyze the high volume of data. As a result, it reduces clinical trial costs and results in discoveries and insights for any field in which biotech operates.

More predictable data makes it easier to build work processes and operations, enhances the speed of performance and the accuracy of the procedures, and makes decision-making more efficient. 79% claim that AI technology impacts workflows and becomes crucial to productivity.

All of these results are becoming more cost-effective solutions. The estimated revenue gained with the help of AI grew by $1.2 TN in the last three years.

Advantages of using artificial intelligence in biotechnology.

AI applies in various fields, but the most significant is the use of AI in medical care. Although such technology’s ability as data categorization and making predictive analyses are beneficial for any scientific sphere.

Managing and analyzing data

The scientific data is constantly expanding and has to be arranged in a meaningful way. This process is complicated and time-consuming: scientists must go through repetitive and heavy tasks, which must be performed with great attention.

The data they work with is a big part of the research process, which results in high cost and energy loss in case of failure. Moreover, many kinds of research don’t result in practical solutions, as they fail to be translated into human language. AI programs assist in the automation of data maintenance and analysis. Open source platforms empowered by artificial intelligence help reduce the repetitive, manual, and time-consuming duties lab workers have to perform, enabling them to focus on innovation-driven operations.

Gene modification, chemical compositions, pharmacologic investigations, and other critical informatics tasks are thoroughly examined for shorter and more reliable outcomes.

Effective data maintenance is indeed crucial to every scientific sector. However, the most significant advantage of AI is its ability to organize and systemize data into forms and make predictable outcomes.

Driving innovations in the medical sphere

Over the past ten years, we faced the urgent need for innovations in the manufacturing and deploying pharmaceuticals, industrial chemicals, food-grade chemicals, and other raw materials connected to biochemistry.

Source

AI in Biotechnology is essential for fostering innovation throughout a drug’s or chemical compound’s lifecycle and in labs.

It assists in finding the right combination of chemicals through computing permutations and combinations of different compounds without manual lab testings. In addition, cloud computing makes the distribution of raw materials used within biotech more efficient.

In 2021 the research lab DeepMind developed the most comprehensive human protein map using AI. Proteins fulfill various tasks in the human organism – from building tissue to conquering diseases. Their molecular structure dictates their purpose, which can have thousands of iterations—knowing how protein folds help to understand its function so that scientists can figure out numerous biological processes, such as how the human body works or create new treatments and medicines.

Such platforms give access to data about discoveries for scientists all over the world.

The AI tools help decode data for uncovering the mechanisms of particular diseases in different regions and help make analytical models accurate for their geography. Before using AI, time-consuming and costly experiments were performed to determine the structure of the proteins. And now, about 180,000 protein structures made by the program are available through the Protein Data Bank for free to be used by scientists.

Machine Learning helps make lines diagnosis more accurate, using actual findings to enhance diagnostic tests. And the more tests are performed, the more precise results are generated.

AI is a great tool to enhance electronic health records with evidence-based medications and clinical decision support systems.

Artificial Intelligence is also frequently employed in genetic manipulation, radiology, customized medicine, medication management, and other fields. For example, according to the current study, AI improved breast cancer screening accuracy and efficiency compared to a standard breast radiologist. As well as another research claims that lung cancer can be spotted faster by neural networks than by trained radiologists. Another AI application is to detect diseases more accurately through X-rays, MRIs, and CT scans through AI-driven software.

Reduces time of research

New illnesses spread quickly across countries due to globalization. We witnessed it with COVID-2019; as a result, biotechnology has to speed up its production of necessary medications and vaccines to stand against such illnesses.

Artificial intelligence and machine learning maintain the process of detecting the proper compounds, assisting in their synthesis in labs, helping to analyze data for effectiveness, and supplying them to the market. The use of AI in biotech reduces the time in operations performance from 5-10 years to 2-3 years.

Boosting harvest production

Biotechnology is critical in genetically engineering plants to generate richer harvests. The role of AI-based technologies is increasing in studying crop characteristics, comparing qualities, and projecting realistic output. The agricultural biotech also uses robotics, a branch of artificial intelligence, for manufacturing, collecting, and other critical tasks.

By combining such data as weather forecasts, farming characteristics, and the accessibility of seeds, compost, and chemicals, AI aids in planning future patterns in material circulation.

AI in Industrial biotechnology

IoT and AI are widely used in producing vehicles, fuels, fibers, and chemicals. AI analyzes the data collected by IoT to transform it into valuable data for improving the production process and product quality by forecasting outcomes.

Computer simulations and AI come up with the expected molecular design. Strains are being produced through robotics and machine learning to test the accuracy of developing the desired molecule.

To sum up

Though this is just the start of using AI in biotech, many improvements can already be offered to various spheres. Moreover, the growing development of the software empowered by Artificial Intelligence in biotech demonstrates that it can be used for multiple processes, operations, and tactics to obtain a competitive advantage.

It can not only drive innovations but also be a valuable tool to reduce costs by making more accurate tests and predicting results without the actual performance of the experiments in the lab.

As well as find the future necessities of humanity in healthcare and agriculture, forecast potential losses, and make prognoses for companies where they should target their resources for more effective production and supply.

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