The
#AIEye: IBM (NYSE: $IBM) and Samsung Leverage #AI and #Cloud in Health Tracking
Platform, Virtusa (Nasdaq: $VRTU) Collaborates with AWS (Nasdaq: $AMZN)
Healthcare
Chatbots Market to Hit $703.2 Million by 2025
Point Roberts WA, Vancouver BC – October 30, 2019 – Investorideas.com (www.investorideas.com), a global investor news source covering
Artificial Intelligence (AI) brings you today’s edition of The
AI Eye- watching stock news, deal tracker and advancements in
artificial intelligence.
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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:IBM) (NasdaqGS:VRTU) (NasdaqGS:AMZN)
IBM (NYSE:IBM) and Samsung Electronics (KSE:005930) have announced a new joint platform leveraging IBM
Cloud and AI capabilities, and Samsung's mobile offerings. The platform will
aid governments and enterprises in tracking the health vitals of workers –
including heart rate and physical activity – determining if the worker in
question needs assistance. Martin Schroeter, senior vice president of global
markets from IBM, commented:
"IBM
continues to bring leading cloud and AI capabilities with deep industry
expertise to our enterprise clients. Together, IBM and Samsung will use the
power of IBM Cloud, 5G, AI and edge computing to enable our clients to leverage
these advanced technologies to have greater impact on the way people work, shop
and protect their health and families.”
Virtusa Corporation (NasdaqGS:VRTU)
is advancing medical research using AI and
machine learning in collaboration with The University of Texas Health Science
Center at Houston (UTHealth), Cardinal Health, and Amazon Web Services (AWS), a
subsidiary of Amazon (NasdaqGS:AMZN). Initial focus of the project
will be on “finding the best treatment and management strategies for
subarachnoid hemorrhage (SAH) and diabetes based on health care data and
computer simulations”. Anthony Lange, senior vice president, Life Sciences,
Virtusa, explained:
“Life
science companies must address how to seize the upside of disruption in today’s
transformation age. Future value in life science is driven by innovation that
focuses on outcomes with a high degree of personalization and is fueled by
unlocking the power of simulated data. At Virtusa, we recognize the critical
importance of collaboration in advancing AI technologies to create intelligent
solutions that make lives better and businesses more efficient. As data becomes
the fuel driving technological and economic growth, a fundamental challenge is
how to quantify the value of data in algorithmic predictions and decisions. At
Virtusa, we leverage our deep industry and technical expertise to define
solutions that make it easier for organizations to benefit from AI. We are very
excited to be taking such problems head-on along with UTHealth on our vLifeTM
Platform.”
Healthcare
Chatbots Market to Hit $703.2 Million by 2025
A report from Research and Markets finds that the global
Healthcare Chatbots market will reach $702.3 million by 2025 with a compound
annual growth rate (CAGR) of 25.1 percent in the forecast period. An excerpt
from the report description reads:
Optimum
internet connectivity and rising adoption of smart devices, limited
availability to council huge patient population, technology advancement in
artificial intelligence, chatbots to reduce the healthcare cost, and increasing
demand of virtual health assistance are the key factors driving the growth of
the global healthcare chatbots market. However, factors such as data privacy
concern, lack of expertise for chatbot development, and lack of awareness and
misconception are hindering the growth of this market.
Sam
Mowers, Investorideas.com
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