The
#AIEye: Best Western Selects AWS (NasdaqGS: $AMZN) Portfolio for Innovation and
Nuance (NasdaqGS: $NUAN) Announces AI Improvements to Radiology Reporting
Solution
Global
#AI Chipset Market to See 33.6% CAGR from 2019-2025
Point Roberts WA, Vancouver BC – December 2, 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) (NasdaqGS:NUAN)
Best Western Hotels and Resorts has selected Amazon Web Services (AWS), a
subsidiary of Amazon (NasdaqGS:AMZN),
for the latter’s “portfolio of cloud services to innovate faster and deliver
new and enhanced guest experiences”. This will involve the migration of Best
Western’s hotel reservation system, customer reward platform, and global
contact centers to AWS to leverage the latter’s solutions, including its
machine learning services. Greg Adams, Senior Vice President and Chief Digital
Officer for Best Western Hotels & Resorts, commented:
“In recent years we
have embarked on a digital transformation that is designed to delight our
guests, develop agile ways of working, and create new value for guests, hotel
owners, and employees. With its unmatched portfolio of services, AWS is a
natural fit for Best Western Hotels & Resorts’ move to the cloud, as we
focus on improving processes, driving better business results for our
member-owners, and delivering even greater value to travelers around the
world.”
Nuance Communications, Inc. (NasdaqGS:NUAN)
has announced multiple new AI-driven cloud
innovations in its radiology reporting solution, PowerScribe One. Highlights of
the PowerScribe One that employ Nuance conversational and cognitive AI
capabilities include: “The new Ambient Mode automatically converts free-form
dictation into structured reports”, “Virtual assistant functionality for faster
access to patient data and task completion”, and “AI results directly
integrated into the radiology visualization and reporting workflow”. Karen
Holzberger, Senior Vice President and General Manager of Nuance Healthcare’s
Diagnostic Division, explained:
“Building on our
long history of leading innovation in the imaging arena, PowerScribe One is
transforming the reading experience for our radiology customers. PowerScribe
One is a major advancement for radiologists that are ready to incorporate
state-of-the-art cloud computing, AI-assisted reporting and decision support,
and real-time data synchronization. The new design shows the importance of UX
design by turning the radiologist’s desktop into an intuitive workflow hub
unifying reporting, visualization, EHR access, and AI tools from the Nuance AI
Marketplace.”
Global AI Chipset
Market to See 33.6% CAGR from 2019-2025
A report from Grand View Research finds that the global
Artificial Intelligence Chipset market, worth $7.4 billion in 2018, is expected
to witness a compound annual growth rate (CAGR) of 33.6 percent from 2019 to
2025. An excerpt from the report summary reads:
Increasing
penetration of e-commerce and social media leads to a huge growth in data
volume. Due to rapid growth in the volume of data, the need for high-speed
processors has also increased, which is positively influencing the growth of
the market. The chipset addresses the need for faster processing due to enabled
machine learning. People’s inclination towards computer vision and machine
learning devices is the factor driving the tech giants to invest in high-speed
processors development. In addition, increasing users of smartphones and smart
devices has certainly boosted the artificial intelligence chip market growth.
Sam
Mowers, Investorideas.com
For a list of
artificial intelligence stocks on Investorideas.com visit
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Ideas member
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