#AIEye
Episode 376: FIS (NYSE: $FIS) and FICO (NYSE: $FICO) Partner for ML/AI-Powered
Financial Crime Solution, Nuance (NasdaqGS: $NUAN) #AI Marketplace is
Accelerating AI Adoption in Radiology
Global
Industrial Robots Market to Reach $66.48 Billion by 2027
Point Roberts WA, Vancouver BC – June 25, 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.
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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:FIS) (NYSE:FICO) (NasdaqGS:NUAN)
The FIS AML Compliance Manager from Fidelity National
Information Services, Inc. (NYSE:FIS) has integrated FICO Falcon X technology from Fair
Isaac Corporation (NYSE:FICO) to “help financial institutions keep
ahead of financial crime.” According to the press release, the solution
leverages “machine learning and artificial intelligence to detect suspicious
activity and provide detailed, transparent intelligence to bank investigators.”
Jim Johnson, head of Global Payments and Wealth at FIS, commented:
"FIS
is committed to helping our clients stay one step ahead of financial criminals
who are using increasingly sophisticated tools to try to hide illicit money
activities through the U.S. financial system. By partnering with FICO, FIS is
providing a leading-edge solution to automate routine tasks and reduce false
positives that make AML compliance management so challenging, allowing
employees to work more efficiently."
Nuance Communications Inc. (NasdaqGS:NUAN) has announced that its Nuance AI Marketplace for
Diagnostic Imaging is accelerating AI adoption for radiologists at leading US
healthcare systems. Karen Holzberger, Senior Vice President and General Manager
of Nuance Healthcare's Diagnostic Division, explained:
"As
Nuance and independent industry analysts have often noted, it's not enough to
simply develop AI models. You have to support adoption by giving developers a
scalable market model, by providing physicians real-time clinical intelligence
and solutions that are integrated into their regular workflows, and by
addressing healthcare administrators' requirements for security, patient
privacy and compatibility with their existing IT infrastructure. The
acceleration of the AI Marketplace signals the widespread adoption of AI in
radiology using our range of diagnostics solutions.”
Global
Industrial Robots Market to Reach $66.48 Billion by 2027
A report from Fortune Business Insights finds that the global
Industrial Robots market will grow from $21.83 billion in 2019 to $66.48
billion by 2027 with a compound annual growth rate (CAGR) of 15.1 percent in
that forecast period. The report summary highlights the efforts by
manufacturers to integrate AI as the market develops, and the following excerpt
outlines the role of e-commerce in the market:
The
growing trend of consumers towards online shopping is boosting the e-commerce
industry. The distribution centers, retailers, warehouses, and facilities
owners, are now emphasizing to integrate automated robotic solutions. The
interest is to achieve on-time delivery, reduce labor costs, and enhance
efficiency and productivity at every process. This is one of the major factors
for these robots deployments. Furthermore, many companies are developing
promising products across all parts of the logistics value chain, including
self-driving trucks, intelligent warehouses, and service robots.
Sam Mowers, Investorideas.com
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