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Business Intelligence In The Healthcare Sector Market size is set to grow by USD 14.20 billion from 2024-2028, Improved efficiency of bi tools to boost the market growth, Technavio

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NEW YORK, July 26, 2024 /PRNewswire/ — The global business intelligence in the healthcare sector market size is estimated to grow by USD 14.20 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 21.22% during the forecast period. Improved efficiency of BI tools is driving market growth, with a trend towards increasing use of predictive analytics and artificial intelligence in healthcare. However, presence of open-source bi vendors poses a challenge. Key market players include Accenture Plc, Alphabet Inc., Board International SA, Domo Inc., Hexaware Technologies Ltd., Idera Inc., Infor Inc., International Business Machines Corp., Microsoft Corp., MicroStrategy Inc., OpenText Corp., Oracle Corp., Perficient Inc., QlikTech international AB, Salesforce Inc., SAP SE, SAS Institute Inc., Sisense Ltd., Tata Consultancy Services Ltd., and TIBCO Software Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Component (Software and Services), Deployment (Cloud-based and On-premise), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Accenture Plc, Alphabet Inc., Board International SA, Domo Inc., Hexaware Technologies Ltd., Idera Inc., Infor Inc., International Business Machines Corp., Microsoft Corp., MicroStrategy Inc., OpenText Corp., Oracle Corp., Perficient Inc., QlikTech international AB, Salesforce Inc., SAP SE, SAS Institute Inc., Sisense Ltd., Tata Consultancy Services Ltd., and TIBCO Software Inc.

Key Market Trends Fueling Growth

The healthcare sector’s business intelligence market is experiencing a significant trend towards the adoption of predictive analytics and artificial intelligence (AI). With the abundance of healthcare data, such as electronic health records (EHRs), medical images, and patient-generated data from wearables, healthcare organizations are leveraging advanced analytics to uncover valuable insights and enhance patient care. Predictive analytics enables identification of patients at risk for specific conditions, enabling early intervention. AI assists radiologists in analyzing medical images for quicker and more accurate abnormality detection. Natural language processing (NLP) is utilized to analyze unstructured data from sources like clinical notes and patient feedback, revealing patterns and trends. Predictive analytics applications in healthcare include forecasting sepsis rates, identifying high-risk readmission patients, determining co-morbidities requiring additional care, estimating finances per quarter, and managing PPE supply and demand. Historically, decisions were reactive, but predictive analytics offers a proactive approach, making it a crucial driver of growth for the global business intelligence market in healthcare during the forecast period. 

In today’s data-driven world, Business Intelligence (BI) plays a crucial role in the healthcare sector. With the increasing penetration of data, managing and analyzing patient data has become essential for better patient safety, clinical performance, and improved patient outcomes. Chronic diseases and critical care units generate massive data that require advanced analytics tools like Artificial Intelligence (AI) and Machine Learning (ML) for effective analysis. Self-Service BI tools are trending, allowing healthcare professionals to access critical insights without IT intervention. Electronic Health Records (EHR) are the new norm, and BI tools help make sense of this data. Industries 4.0 and Cloud Computing have made BI tools more accessible, with Google Cloud leading the way. Healthcare Analytics includes Clinical, Financial, and Operational categories, with on-premise and cloud-based deployment options. Function categories include Corporate BI, Self-Service BI, and Dashboard models. Deployment categories include On-Premise, Cloud-Based, and Self-Service BI models. BI tools offer interactive graphs, dashboards, and data-supported decisions, enabling predictive analytics and epidemiology. Large-scale data distribution is made possible through software solutions and SaaS applications. Data-driven decision-making is the future, and BI tools provide the infrastructure, data modeling, database design, and data visualizations needed to make it a reality. Big data operations and telehealth are also benefiting from these advanced tools. 

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Market Challenges

Open-source Business Intelligence (BI) vendors offer cost-effective and flexible software solutions for the healthcare sector. These solutions can be customized according to user needs, posing a challenge for commercial BI vendors. Notable open-source BI providers include Pentaho, BIRT, SpagoBI, KNIME, and JasperReports. Commercial vendors face difficulties monetizing their products due to the availability of free alternatives. Additionally, open-source BI vendors often have large communities of developers and users, making it challenging for commercial vendors to keep up with the latest trends and technologies. Their larger user bases also make it difficult for commercial vendors to compete on price. As a result, commercial BI vendors must offer additional features or services to attract customers and remain competitive in the healthcare sector market.Business intelligence (BI) plays a crucial role in the healthcare sector, helping providers make data-driven decisions to improve patient care and operational efficiency. However, implementing BI solutions comes with challenges. Hospitals, government agencies, and various organizations face obstacles in integrating data from multiple sources, including electronic health records, medical devices, and health information exchanges. Private exchangers, software vendors, and IT firms offer on-premise, cloud-based, and hybrid BI solutions. Challenges include claims processing, operational analysis, supply chain analysis, workforce analysis, strategic analysis, clinical analysis, quality improvement, clinical benchmarking, clinical decision support, comparative analytics, precision health, patient care, and financial analysis. BI tools help with revenue cycle management, payment integrity, query and reporting, OLAP and visualization, and more. Key stakeholders like practitioners, payers, and third-party administrators benefit from BI in healthcare. Market segments include healthcare providers, physician practices, post-acute care organizations, ambulatory care settings, accountable care organizations, managed care organizations, and managed care organizations. Chronic disorders, global healthcare, and remote patient monitoring are areas where BI can make a significant impact. BI tools enable data-driven insights for managing costs, improving patient outcomes, and enhancing overall quality of care.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This business intelligence in the healthcare sector market report extensively covers market segmentation by

Component 1.1 Software1.2 ServicesDeployment 2.1 Cloud-based2.2 On-premiseGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Software- The global business intelligence market in the healthcare sector is segmented into five main software categories: BI platforms, dashboard and reporting software, data analytics software, data warehousing software, mobile BI software, self-service BI software, and cloud-based BI software. These tools help healthcare organizations enhance operational efficiency, reduce costs, and enhance patient outcomes by deriving insights from their data. BI platforms serve as software tools that analyze data from various sources to generate valuable insights. Dashboard and reporting software create customized visualizations of key performance indicators (KPIs) and metrics in real-time. Data analytics software uses advanced algorithms to uncover hidden patterns and trends. Data warehousing software stores, manages, and organizes large volumes of structured and unstructured data. Mobile BI software enables healthcare professionals to access business intelligence data on mobile devices, while self-service BI software empowers non-technical users to create their reports and dashboards. Lastly, cloud-based BI software offers a scalable and flexible platform for managing and analyzing business intelligence data in the cloud. These software solutions play a crucial role in driving the growth of the business intelligence market in the healthcare sector, as they provide valuable insights that help organizations make informed decisions, ultimately improving patient care and outcomes.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

 The global Artificial Intelligence (AI) in the healthcare sector market is experiencing rapid growth, driven by advancements in machine learning, big data analytics, and the increasing need for personalized medicine. AI technologies are revolutionizing diagnostics, treatment planning, and patient management, enhancing efficiency and outcomes. Simultaneously, the global Healthcare Analytics Market is expanding as healthcare providers leverage data analytics for predictive modeling, patient care optimization, and operational efficiency. The integration of AI and analytics is poised to transform healthcare, offering significant opportunities for innovation and improved patient care.

Research Analysis

Business Intelligence (BI) in the healthcare sector is revolutionizing the industry by enabling data-driven decisions, improved patient outcomes, and enhanced clinical performance. With the increasing penetration of Electronic Health Records (EHR), the sector is witnessing a data explosion. Self-Service BI tools are empowering healthcare providers to analyze this data and gain insights into patient safety, clinical performance, and financial analysis. Industries 4.0 and advanced technologies like Artificial Intelligence (AI) and Machine Learning (ML) are transforming healthcare analytics. Critical Care Units (CCUs) are leveraging real-time data from remote patient monitoring and telehealth to deliver personalized care. Google Cloud is a significant player in this data-supported world, offering predictive analytics, epidemiology, and customer relationship management solutions. BI tools are helping healthcare providers make data-driven decisions, manage chronic disorders, and optimize resources. The future of healthcare lies in the effective use of BI tools to improve patient care and outcomes in this data-driven world.

Market Research Overview

In the healthcare sector, Business Intelligence (BI) has become a crucial tool for transforming data into valuable insights. With the increasing penetration of data in healthcare, self-service BI has emerged as a popular choice for patients, providers, and industries. Electronic Health Records (EHR) are the primary source of data, and Industries 4.0, Artificial Intelligence (AI), and Machine Learning (ML) are revolutionizing the way data is analyzed. Critical Care Units, Cloud Computing, and Healthcare Analytics are some of the function categories that heavily rely on BI. Clinical Analytics, Financial Analytics, and Operational Analytics are the three main model categories, with on-premise and cloud-based deployment options. Cloud-based BI tools offer advantages like data-supported decisions, predictive analytics, and interactive graphs in a data-driven world. Customer Relationship Management (CRM) and Google Cloud are gaining popularity in the healthcare sector. Patient safety, clinical performance, and patient outcomes are some of the critical areas where BI plays a significant role. BI tools enable data-driven decision-making, data visualizations, and customizations. However, security breaches and cost management are major concerns in the healthcare sector. Software solutions and SaaS applications offer various functionalities like claims processing, operational analysis, supply chain analysis, workforce analysis, strategic analysis, clinical analysis, quality improvement, clinical benchmarking, clinical decision support, comparative analytics, precision health, patient care, and corporate BI. Healthcare payers, providers, hospitals, government agencies, private exchanges, and pharmaceutical companies are some of the industries that heavily rely on BI. BI tools help in cost management, cash flow management, claims management, and financial analysis. The future of BI in healthcare is promising, with advancements in big data operations, telehealth, telecloud, and on-premises, hybrid, and cloud-based deployment options.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ComponentSoftwareServicesDeploymentCloud-basedOn-premiseGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Qued Partners with Don Hummer Trucking to Bring AI-Powered Smart Appointments to a Family Fleet Trusted for More Than 70 Years

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Family-owned Iowa truckload carrier has confirmed more than 10,000 appointments through Qued, with email scheduling handled at a 98.8% success rate

BROADLANDS, Va., July 21, 2026 /PRNewswire-PRWeb/ — Qued, a leader in developing sophisticated, automated appointment scheduling solutions for supply chain and logistics companies, today announced a strategic partnership with Don Hummer Trucking Corporation, a family-owned interstate truckload carrier trusted by some of the nation’s most recognizable brands. Don Hummer Trucking has deployed Qued’s Smart Appointments platform to automate appointment scheduling across its operations, taking manual booking work off the desks of the people who keep its trucks moving.

Every load delivered safely and on time carries the opportunity to earn our customer’s trust. Qued took a job that used to eat hours of our team’s day and quietly handles it in the background.

The numbers behind the announcement:

More than 10,000 appointments confirmed through Qued94.2% confirmation rate98.8% success rate on email-based scheduling

Qued’s platform selects the best appointment slots in real time, weighing ETAs, facility capacity, historical performance, and the specific requirements of each location. It connects directly to the transportation management system a carrier already runs, and it works on every channel a facility can require: web portals, email, and AI-powered voice calls. At Don Hummer Trucking, email scheduling has been the standout, with Qued handling email-based appointment requests at a 98.8% success rate.

“Don Hummer Trucking is the kind of company this industry is built on. The president holds a CDL and delivers loads. The family name rides on every trailer,” said Tom Curee, President of Qued. “When a three-generation fleet with that much on the line trusts Qued with its appointments, we take it seriously. Hummer’s confirmation numbers show what disciplined operators get when real automation goes to work on scheduling.”

“Every load delivered safely and on time carries the opportunity to earn our customer’s trust. Qued took a job that used to eat hours of our team’s day and quietly handles it in the background. Confirmations happen, trucks keep moving, and our people stay focused on drivers and customers,” said Jake Von Feldt, Vice President of Finance at Don Hummer Trucking.

Don Hummer Trucking joins a growing roster of asset-based carriers on Qued, from family fleets to some of the largest carriers in North America.

About Qued:

Qued is a cloud-based, AI-powered smart workflow automation platform transforming load appointment scheduling for brokers, 3PLs, and carriers. By automating the scheduling process, Qued eliminates manual work, simplifies multi-stop load appointments, and ensures seamless coordination across the supply chain, improving both operational efficiency and customer satisfaction. For more information, visit www.qued.com or contact us at contact.us@qued.com.

About Don Hummer Trucking:

Don Hummer Trucking Corporation is a family-owned and operated, for-hire interstate truckload carrier headquartered in Cedar Rapids, Iowa, with terminal operations in Homestead, Iowa. The Hummer name has been trusted in freight transportation for more than 70 years, and the company today serves many of the largest shippers in the country. For more information, visit www.donhummertrucking.com.

Media Contact

Adam Robinson, The Robinson Agency, 1 2148720780, adam@the-robinson-agency.com, The Robinson Agency 

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Bank of America Enhances EricaAssist with Generative AI to Help Employees Resolve Client Needs Faster

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New AI capabilities deliver relevant insights in seconds, helping employees provide more personalized client service in real-time

Key takeaways

More than 18,000 employees use EricaAssist as a human-assisted AI agent to help serve clients.
New Generative AI (Gen AI) capabilities deliver contextual guidance in under three seconds, helping resolve client needs faster and supporting decision making by customer service representatives.
EricaAssist reduces average call times by nearly one minute per interaction, improving efficiency and client experience.

CHARLOTTE, N.C., July 21, 2026 /PRNewswire/ — Bank of America (BofA) today announced enhancements to EricaAssist, its human assisted AI agent that supports employees during client conversations, delivering real time insights that help resolve client needs faster while keeping the employee at the center of the experience.

Used by more than 18,000 customer service representatives, EricaAssist works alongside employees during calls – summarizing and surfacing relevant guidance in real time – so employees can focus on listening to and understanding clients, explaining solutions, and building stronger relationships. The enhancements are making our human agents better and providing our customers with an improved and more efficient experience.

“EricaAssist reflects our high tech, high touch approach,” said Ashley Ross, Head of Consumer Client Experience and Business Transformation at Bank of America. “By combining human judgment with real time AI guidance, we’re helping employees navigate complex topics more easily and serve clients more effectively in the moments that matter most.”

Bank of America customer service representatives use generative AI capabilities within EricaAssist to summarize why a client is calling, pull together relevant information, and recommend next steps based on the employee’s role and the client’s relationship with the bank – all without interrupting the flow of the conversation.

“This technology helps our teammates deliver relevant insights in seconds, while operating with strong governance, transparency, and accountability,” said Tom Ellis, Chief Information Officer and Head of Consumer Technology at Bank of America.

Later this year, Bank of America plans to expand EricaAssist to support additional servicing scenarios and business lines.

Frequently asked questions

Question: Why enhance EricaAssist with GenAI capabilities?

Answer: Enhancing EricaAssist reflects the bank’s focus on continuously improving how employees access and deliver personalized guidance and resolve client needs faster.

Question: How do EricaAssist enhancements reflect Bank of America’s broader investments in technology?

Answer: Bank of America spends $14 billion annually on technology, of which more than $4 billion is allocated to new initiatives, including AI. These ongoing investments, combined with our high-tech, high-touch approach, continue to enhance our client experiences across all channels and to drive operational efficiencies across the company.

Question: Why blend AI with employee decision making?

Answer: Our responsible AI strategy ensures human oversight, transparency, and accountability for all outcomes. By leveraging AI at scale across our global operations, we are optimizing performance and improving client experiences. EricaAssist works alongside employees, supporting their decision-making and service. Employees ensure clients receive thoughtful guidance, with AI operating within established governance and oversight.

Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 60 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. As the #1 small business lender in the United States (FDIC), Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries and/or jurisdictions. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Reporters may contact
Catherine Page, Bank of America
Phone: 1.704.519.7314
catherine.page@bofa.com

Don Vecchiarello, Bank of America
Phone: 1.980.387.4899
don.vecchiarello@bofa.com

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Sonilo and fal Launch Sound Effects 1.0 for Realistic Sound Effects from Video and Text

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Exclusive API co-launch brings Video-to-Sound Effects and Text-to-Sound Effects generation to developers through fal

SAN FRANCISCO, July 21, 2026 /PRNewswire/ — Sonilo, a generative audio company building video-native sound and music models, and fal, the generative media platform for developers and enterprises, today announced the launch of Sonilo Sound Effects 1.0, a new model that generates highly realistic sound effects from video or text.

With video input, Sound Effects 1.0 analyzes what is happening on screen and generates one finished audio track synced to the motion, timing and scene. With text input, developers and creators can describe a specific sound effect and generate it directly.

fal will serve as the model’s exclusive API launch partner during its initial launch period, providing developers with day zero access through fal’s production-ready infrastructure.

Sound Effects 1.0 is designed to address one of the most persistent gaps in AI video production: footage can look complete while still requiring significant manual work before it sounds complete.

When given a video, the model analyzes on-screen motion, scene context, environments, and timing before generating audio that follows what is happening on screen.

Instead of returning a collection of disconnected audio assets that still need to be placed and aligned one by one, Sound Effects 1.0 can produce a synchronized audio track that is ready to review, refine and add to the edit.

“Sound effects only work when they feel like they belong in the scene,” said Trista Hong, Co-Founder of Sonilo. “Sound Effects 1.0 was built around that complete problem: understanding the footage, generating realistic audio, and synchronizing it automatically. We’re excited to launch it together with fal and bring video-native sound into real production workflows.”

A Sound Model Built Around the Video

Traditional sound-design workflows typically begin outside the footage. Editors search sound libraries, preview multiple assets, place them on a timeline, align each effect to the appropriate frame, adjust levels and repeat the process across every action in the scene.

Sound Effects 1.0 begins with the video itself.

The model uses the footage as both a source of semantic information and the timing foundation for the generated audio. It determines what is happening in the scene, what sounds are appropriate for those events and when those sounds should occur.

This video-native approach is particularly useful for scenes containing multiple actions, transitions, impacts and environmental details. Rather than requiring creators to build the sound layer one asset at a time, the model can generate audio around the structure of the footage as a whole.

Sound Effects 1.0 supports video inputs of up to three minutes, making it suitable for short-form content, advertisements, gaming footage, product videos and longer narrative scenes.

Automatic Generation When Speed Matters, Prompt Control When Direction Matters

Sound Effects 1.0 supports two complementary generation workflows.

Video-to-Sound-Effects analyzes uploaded footage and generates sound effects matched to its visible actions, environments and timing.

Text-to-Sound-Effects generates specific standalone sounds from written descriptions, giving creators and developers direct control when they need a particular audio asset.

Prompts are optional in the video workflow. Users can allow the model to interpret footage automatically or provide a prompt requesting a particular sound, emphasis or creative direction.

The prompt helps shape what the model generates, while the video continues to determine when the sound should occur.

This gives users two practical modes of working: automatic sound generation when speed and coverage are the priority, and prompt-guided generation when a scene requires more precise creative control.

Bringing Video-Native Sound Generation to Developers through fal

The co-launch gives developers access to Sound Effects 1.0 through fal’s generative media infrastructure, allowing video-conditioned sound generation to be incorporated directly into products and production workflows.

Developers can use the model to build synchronized sound generation into:

AI video editors and generation platforms;Short-form and social video tools;Advertising and branded-content workflows;Game prototypes, gameplay videos and cinematics;Film and narrative-production pipelines; andMultimodal creator products that combine video, music and sound.

“We’re entering a new era where AI applications don’t just generate assets, they produce complete experiences,” said Tina Sang, Head of Marketing at fal. “Sound is fundamental to making those experiences believable. Sonilo Sound Effects 1.0 helps developers generate context-aware, synchronized audio that matches what’s happening on screen, and we’re very excited to bring it to fal, day zero.”

The integration is designed to let teams move from initial testing to product deployment without building and operating a separate model-serving stack. Developers can access the model through fal’s API and developer tooling while keeping sound generation inside the same environment as their broader generative media workflows.

Expanding the Sonilo and fal Partnership

The launch expands an existing relationship between Sonilo and fal.

Sonilo Music v1.1 is already available through fal, giving developers access to both Video-to-Music and Text-to-Music generation. Sound Effects 1.0 extends that integration from generated music into highly realistic, video-conditioned sound effects.

Using the same source footage, creators and developers can generate sound effects around visible actions and environments, then generate music informed by the video’s pacing, scene changes, mood and timing.

This creates a broader video-first audio workflow in which a single video can serve as the timing foundation for both sound design and music. Sound effects can follow what happens on screen, while music can follow the emotional and structural movement of the edit.

By connecting both layers around the source footage, Sonilo aims to reduce manual synchronization, repetitive asset placement and unnecessary switching between separate audio tools.

Built for Real Production Workflows

For AI video creators, Sound Effects 1.0 can add action cues, environmental details, movement and transitions to generated footage that otherwise arrives without usable audio.

For high-volume creators and gaming channels, the model can reduce repetitive timeline work across content requiring dense sound design, including impacts, interface sounds, room tone and movement.

For filmmakers and narrative teams, it can generate scene-level elements such as footsteps, doors, physical interactions and ambience directly from an edit.

For brands and advertising teams, it can produce precisely timed audio around product interactions, camera transitions, packaging moments and visual reveals.

For platforms and API products, it provides a way to add video-conditioned sound generation without requiring users to leave the product and assemble audio in a separate editing workflow.

About Sonilo

Sonilo builds video-native generative audio models for creators, developers and media platforms. Its technology generates music and sound effects directly from footage or text, helping teams bring audio into the video-creation workflow and reduce manual timeline work. Sonilo is headquartered in San Francisco and backed by B Capital.

Learn more at https://sonilo.com/.

About fal

fal is a generative media platform that provides developers with access to the world’s best generative image, video, and audio models through a unified API. Trusted by over 2.5 million developers and leading companies, fal offers the fastest inference engine for diffusion models, on-demand serverless GPUs, and dedicated compute clusters for frontier research. Learn more at fal.ai.

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