The
#AIEye: IBM (NYSE: $IBM) Joins Mayflower Autonomous Ship Project, Microsoft
(Nasdaq: $MSFT) and Nuance (Nasdaq: $NUAN) Work Together to Accelerate Ambient
Clinical Intelligence
Global
#AI in Fashion Market to Reach $1.26 Billion USD by 2024
Point Roberts WA, Vancouver BC – October 17, 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:MSFT) (NasdaqGS:NUAN)
IBM (NYSE:IBM) has joined a global consortium of partners, led by
marine research organization ProMare, that are building an unmanned,
fully-autonomous ship that will cross the Atlantic on the fourth centenary of
the original Mayflower voyage in September 2020. Called the Mayflower
Autonomous Ship (MAS), it will leverage IBM technology, including AI, to
“navigate autonomously and avoid ocean hazards as it makes its way from Plymouth,
England to Plymouth, Massachusetts”. Andy Stanford-Clark, Chief Technology
Officer, IBM UK & Ireland, commented:
"IBM
helped put man on the moon and is excited by the challenge of using advanced
technologies to cross and research our deepest oceans. By providing the brains
for the Mayflower Autonomous Ship, we are pushing the boundaries of science and
autonomous technologies to address critical environmental issues."
Microsoft (NasdaqGS:MSFT) and Nuance Communications, Inc.
(NasdaqGS:NUAN) have joined to accelerate the delivery of ambient clinical
intelligence (ACI) technologies and transform healthcare. Nuance’s Dragon
Medical platform, conversational AI and voice biometrics will work in tandem
with Microsoft Azure AI and natural language processing to “deliver a seamless
and engaging interaction between clinicians and patients”. Dr. James Linder,
CEO of Nebraska Medicine, said:
"Physician
burnout has become one of the most important concerns facing the healthcare
industry today. We're excited about the early results of ACI to help clinicians
focus more on patients. We look forward to the innovations our two trusted
partners, Nuance and Microsoft, will deliver together."
Global
AI in Fashion Market to Reach $1.26 Billion USD by 2024
A report from Markets and Markets finds that the global AI
in Fashion market will grow from $228 million in 2019 to $1.26 billion by 2024
with a compound annual growth rate (CAGR) of 40.8 percent in the forecast
period. An excerpt from the report’s press release reads:
With
the rising adoption of social media and increasing customer awareness, fashion
retailers are trying to provide every best possible service to their customers
to enhance trust and hold them for a longer time. Hence, product recommendation
has become important to engage customers in an effective way with the growing
online sales trends, fashion retailers have started deploying AI-powered
recommendation systems in order to make personalized product recommendations
based on shoppers buying history, style, taste, and preferences. Therefore, the
growth of this application would continue to grow during the forecast period.
Fashion
stores include online fashion stores and offline fashion stores that have
started deploying AI technologies into their operations. The fashion store
end-user segment is estimated to account for the largest size during the
forecast period. Increasing deployment of cloud-based AI-powered solution by
fashion retailers has enabled brands to gain a competitive advantage over other
players.
Sam Mowers,
Investorideas.com
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