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Ceoxica’s accelerated computing solutions are also changing the dynamics of discovery in the oil, gas and life science industries, by providing dynamic solutions to compute-intensive processing needs.

Oil and gas exploration

Global oil and gas companies are tapping into Celoxica’s accelerated computing solutions to improve the accuracy of their exploration data and systems. With multibillion dollar investment decisions becoming increasingly complex and business critical, companies are strengthening their competitive advantage by accelerating compute intensive exploration applications, such as seismic data collection analysis.

Celoxica has been able to demonstrate a 16-fold performance improvement in finite difference acoustic modeling for seismic applications. In another benchmarked example, for an oil exploration algorithm, Celoxica demonstrated a reduction in the time taken from 28 minutes to 1 minute for one leading supplier.

Life sciences

Substantially improving the rate of  drug discovery is a critical business imperative for the life sciences. The average cost of developing a drug from target compound through animal models and clinical trials is estimated at more than $500 million and takes around 13 years. Many new drugs fall at the last approval hurdle and hopes of replacing revenue streams from drugs going off-patent are dashed. Celoxica’s solutions alleviate the demands on data processing  especially in genetic analysis. They are contributing to the bio-IT revolution which is already helping to reduce the time and cost taken to develop new drugs.

For example, working with a respected US life sciences company, Celoxica was able to accelerate the client's gene sequencing algorithm by a factor of 20, significantly reducing this ‘bottleneck’ .