Advanced materials can improve products from cars to medical devices, but bringing a new material to market to date has been slow, costly, and prone to false starts. With the burgeoning field of materials informatics use of artificial intelligence (AI), the pace of innovation will accelerate, affecting all industries that use materials, according to Lux Research, a leading provider of intelligence services, helping clients drive growth through technology innovation.
“Materials technology is critical to our daily lives, from the planes that fly us around the world to the electronics that connect and entertain us – but cost, time, and property translation challenges mean that it can take decades after its initial discovery to make it into products at scale,” said Dayton Horvath, Research Associate at Lux Research and lead author of the report, Materials Informatics: The Next Research Revolution? “Now, new software tools can save both time and R&D costs, while also improving the performance of the final product.”
Lux analysts examined a variety of case studies, and assessed key players on the Lux Innovation Grid, finding that:
The report titled, Materials Informatics: The Next Research Revolution? is part of the Lux Research Materials Design and Manufacturing intelligence service.
For more related information, listen to the recent Lux Research webinar, Business Model Innovation: Industry’s Latest Fad or a Useful Approach to Strategy.
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Attachments:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/15ee1ec6-11a5-4e74-bb7b-6f4b90758c44