The
#AIEye: AWS (Nasdaq: $AMZN) Announces Infrastructure Region in Spain and
MIT-IBM (NYSE: $IBM) #Watson Lab Research Reveals Impact of #AI Adoption on
Jobs
AI
in Healthcare to Reach $1.139 Billion by 2022
Point Roberts WA, Vancouver BC – November 1, 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: (NasdaqGS:AMZN) (NYSE:IBM)
Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN),
has announced the opening of an infrastructure
region in Spain featuring three Availability Zones at launch. It will give
Spanish startups, enterprises, and the public sector the ability to “leverage
advanced technologies including analytics, artificial Intelligence, database,
Internet of Things (IoT), machine learning, mobile services, serverless, and
more to drive innovation”. Peter DeSantis, Vice President of Global
Infrastructure and Customer Support, Amazon Web Services, commented:
“Cloud
computing is already powering innovation within businesses, educational
institutions, public administrations, and government agencies across Spain, and
with this AWS infrastructure region, we look forward to helping accelerate this
transformation. Opening an AWS Region in Spain will drive more technology jobs
and businesses, boosting the local economy, while enabling organizations across
all industries to lower costs, increase security, and improve agility. We’re
excited to have AWS contribute to the future growth of Spain.”
IBM (NYSE:IBM)
has released research from the MIT-IBM Watson AI Lab –
which is described as “a collaborative industrial-academic laboratory focused
on advancing fundamental AI research” – finding that AI will change the job
landscape, but won’t actually eliminate many jobs. Martin Fleming, vice
president and chief economist of IBM, commented:
"As
new technologies continue to scale within businesses and across industries, it
is our responsibility as innovators to understand not only the business process
implications, but also the societal impact. To that end, this empirical
research from the MIT-IBM Watson AI Lab sheds new light on how tasks are reorganizing
between people and machines as a result of AI and new technologies."
The research finds that low-wage and high-wage
occupations are actually experiencing increases in earnings as AI adoption
progresses, whereas mid-wage jobs are the ones being “squeezed”.
AI
in Healthcare to Reach $1.139 Billion by 2022
A report from Trends Market Research finds that the global AI
in Healthcare market will reach $1.139 billion by 2022 with a compound annual
growth rate (CAGR) of 62.2 percent in the forecast period 2016-2022. The
following excerpt from the report description outlines the technology
associated with the market:
The
AI technology is leading towards innovation of efficient and inexpensive
healthcare solutions. The major technologies involved are natural language
processing, machine learning, biometric security, speech recognition and
disaster recovery. The technology providers are heading towards development of
innovative products and solutions for end-users. At present, NLP market is
having the major share with an estimated increase to $487.7 million by 2022
growing at a CAGR of 61.6%. The increase in adoption of cloud computing,
internet and innovation in network connectivity is driving the adoption of NLP
in healthcare sector. Besides, NLP the second most prominent technology in
healthcare is machine learning which is expected to reach $223.7 million by
2022, growing at a CAGR of 61.9%. Based on end users, the market encapsulates
diagnostic centres, hospitals and clinics, R&D and healthcare institutes.
AI finds wide application in precision medicine, real- time monitoring, drug
development and personal health assistants.
Sam
Mowers, Investorideas.com
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