Modeling and Simulation

This session refers to modeling and simulation which deals with the model, mathematical or logical representation of a system. Modeling and simulation facilitate understanding a system’s behavior without testing the system in the real world. Simulation can give support to experimentation that occurs completely in software, or in human-in-the-loop environments where simulation represents systems that generates data needed to meet experiment objectives. Simulation can also be used in the training of persons using a virtual environment that would otherwise be difficult or expensive to produce.

 

The global bioinformatics market was nearly $7.5 billion by 2017 which was valued at nearly $2.8 billion in 2011, nearly $3.2 billion in 2012, and was forecasted to grow with increase compound annual growth rate (cagr) of 18.7%.

 

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