The
#AIEye: IBM (NYSE: $IBM) Watson Health Lists 15 Top Health Systems Study and
NICE (NasdaqGS: $NICE) Actimize Enhances Surveillance Solution
Wearable
#AI Market to Grow at 30% CAGR from 2019-2025
Point Roberts WA, Vancouver BC – April 22, 2019 –
Investorideas.com (www.investorideas.com), a global investor news source covering
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IBM (NYSE:IBM) Watson Health published its 15 Top Health Systems annual
study today, leveraging advanced data, science and analytics to rank the
top-performing health systems in the U.S. based on overall organizational
performance. The five best-ranked large health systems are Avera Health in Sioux
Falls, SD, Mayo Foundation
in Rochester, MN, Mercy in Chesterfield, MO, St. Luke's Health System in Boise,
ID, and UCHealth in Aurora, CO. Ekta Punwani, 100 Top Hospitals program leader
at IBM Watson Health, said:
"The multi-year trend toward
increased healthcare consolidation has shined a spotlight on health system
performance, illuminating both the challenges of coordinating care across
multiple facilities and the opportunities that can come with scale. The
institutions recognized in the IBM Watson Health 15 Top Health Systems study
are providing a blueprint for how to improve quality, lower costs and achieve
outstanding patient satisfaction on a consistent basis."
NICE Actimize, a subsidiary of NICE Ltd. (NasdaqGS:NICE), has enhanced its Intelligent eCommunications
Surveillance solution with
next generation machine learning capabilities, intelligent analytics and
investigative tools to strengthen surveillance detection and case management,
reduce false alerts, and drive down compliance costs, according to a press release today. Chris Wooten, Executive Vice
President, NICE said:
“This
newest release of our eCommunications surveillance solution, with its next
generation machine learning and our award-winning ActOne investigation and case
management solution, brings communications surveillance detection and
investigative efficiency to a whole new level.”
Wearable
AI Market to Grow at 30% CAGR from 2019-2025
A report from Global Market Insights finds that the Wearable
AI market will grow at a compound annual growth rate (CAGR) of 30 percent from
2019 to 2025, after surpassing $35 billion USD in 2018. An excerpt from the
report summary reads:
The increasing disposable income of
households in the emerging economies is the primary factor accelerating the
adoption of smart wearables. Over the past decade, the middle class of the
emerging economies has increased significantly. According to the World Bank,
the size of the middle class in the Asia Pacific region increased from 525
million in 2009 to 1,700 million in 2018 and is further estimated to reach
3,228 million by 2030. This growth is credited to the development of skilled
professionals, rapid industrialization, and rising employment in the
service-based industries. As a result, a fundamental shift in the consumer
spending patterns toward consumer electronics product has been witnessed. This
is encouraging smartwatch manufacturers to capitalize on the changing lifestyle
and rise in customer spending patterns in emerging nations.
The rising focus of consumers on
fitness & health monitoring is driving the growth of the wearable AI
market. As obesity and heart-related diseases are increasing across the globe,
the demand for wearable devices among consumers to monitor their fitness levels
is also rising. Fitness bands and smartwatches are equipped with various
sensors to monitor numerous health-related vitals, such as heartbeats and blood
pressure, allowing users to monitor their health conditions daily without the
intervention of any medical professionals. It also allows users to monitor
their health conditions in real-time in a cost-effective manner, promoting the
use of smart wearable devices among consumers across the globe.
Sam Mowers, Investorideas.com
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