The
AI Eye Episode 346: Nuance (NasdaqGS: $NUAN) Announces Q2 2020 Financial
Results and Predictmedix (CSE: $PMED.C)Begins Deployment of AI Tech for
COVID-19
Global
AI in Retail to Reach $5.034 billion by 2022
Point Roberts WA, Vancouver BC – May 8, 2020 – 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.
Listen
to today’s podcast:
Read
this in full at https://www.investorideas.com/news/2020/artificial-intelligence/05081AIEye-NUAN-Predictmedix.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:NUAN) (CSE:PMED)
Nuance Communications, Inc. (NasdaqGS:NUAN)
has announced financial results for its second
quarter ended March 31, 2020. Highlights include a GAAP revenue of $369.3
million and GAAP earnings per diluted share of $0.05. Nuance CEO Mark Benjamin
explained:
"We
achieved 11% year-over-year organic revenue growth, with strength from both our
Healthcare and Enterprise segments. Enterprise reported 19% annual revenue
growth, the highest in 10 years, driven by our Intelligent Engagement
solutions. Healthcare revenue grew 10% year-over-year, driven by strong growth
in Dragon Medical cloud and increased demand from our newer cloud-based
solutions, PowerScribe One and CDE One.”
Looking forward he commented:
“Despite
the uncertain near-term operating environment, I believe the markets we serve
will expand post COVID-19 as our customers appreciate the critical need for
AI-based solutions, remote access capabilities for healthcare workers, and
increased demand for telehealth, and security and fraud protection solutions.
We remain an incredibly resilient company, and I am confident that we will
emerge from this pandemic stronger."
Predictmedix Inc. (CSE:PMED)
has begun deployment of its artificial intelligence tech
for mass screening of COVID-19 with Max Healthcare, a South Asian healthcare
group comprising 14 hospitals and over 3000 doctors. An excerpt from the press
release explains the technology:
The
AI powered technology utilizes multispectral imaging with a focus on visual
spectral imaging along with infrared thermography to identify cases which are
suspected of COVID-19. The technology can be deployed using multispectral
cameras in facilities where there is large movement of people to identify
potential COVID-19 cases and limit exposure, thereby limiting infection. The
data collected is brought into a central server / cloud for analysis and alerts
are sent in case of a positive detection to the surveillance department within
the facility where the technology is deployed within seconds.
Global
AI in Retail to Reach $5.034 billion by 2022
A report from Markets and Markets finds that the global AI
in Retail market is expected to grow from $736.1 million in 2016 to $5.034
billion by 2022 with a compound annual growth rate (CAGR) of 38.3 percent in
the forecast period. An excerpt from the report description outlines the role
of product recommendation in the market:
Among
solutions, product recommendation and planning is expected to hold the largest
artificial intelligence in retail market share and is expected to continue its
dominating position during the forecast period. Product recommendation is a
very powerful aspect of the overall shopping cycle for any shopper. eRetailers
are using AI to give a personalized experience to their customers and give
recommendations on products they would like to purchase by showing relevant
products. Moreover, machine learning and deep learning technology will remain
the most significant technology contributing highest revenue compared to other
technologies.
Sam Mowers, Investorideas.com
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a list of artificial intelligence stocks on Investorideas.com visit
here
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