The
#AIEye Episode 365: NICE (NASDAQ: $NICE) Launches Trial Edition of RPA Studio
and Virtusa (NasdaqGS: $VRTU) Announces vLife Marketplace with #AI Solutions
for Healthcare and Life Sciences Organizations
Global
NLP Market to Reach $80.68 Billion by 2026
Point Roberts WA, Vancouver BC – June 9, 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/06091AIEye-NICE-VRTU-vLife.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:NICE) (NasdaqGS:VRTU)
NICE Ltd. (NasdaqGS:NICE) has launched a trial version for its
next-generation Automation Studio, NICE Robotic Automation Community Edition.
This version will be free of charge for six months, and “helps boost
development skills in both attended and unattended automations.” Barry Cooper,
NICE Enterprise Group President, commented:
"We
are excited to see more and more developers turn to automation as their next
career move. This is apparent in our growing RPA developer community, as well
as the many new automation-related roles we see springing in the market. By
bringing this free automation trial version, we are striving to make automation
more accessible to today’s work-from-home developers, who play a role in
creating solutions for supporting their business and service operations."
Virtusa Corporation (NasdaqGS:VRTU) has announced the new vLife marketplace providing
“Healthcare and Life Sciences organizations with click, try, and buy access to
applications and solutions that will increase efficiency and lower costs,
including for virtual care,” even as these organizations face work restrictions
imposed by COVID-19 measures. According to the press release, the marketplace
“incorporates more than 500 AI-based technologies from Virtusa and partners,”
including “computer vision, synthetic data generation tools, platform AI, and
faster AI algorithms to gain high-level understanding from data, digital
images, and videos.” Anthony Lange, SVP, healthcare and life sciences, Virtusa,
said:
“COVID-19
has disrupted the Global Healthcare ecosystem. We prioritized our resources to
launch vLife 4.0 to mitigate this disruption and enable our clients to engage
with patients, members, and providers safely at scale while controlling
costs."
Global
NLP Market to Reach $80.68 Billion by 2026
A report from Markets and Markets finds that the global AI
in Healthcare market will grow from $4.9 billion in 2020 to $45.2 billion by
2026 with a compound annual growth rate (CAGR) of 44.9 percent in the forecast
period. An excerpt from the report description outlines key drivers in the
market:
The major factors driving the market growth are the
increasing volume of healthcare data and growing complexities of datasets
driving the need for AI, the intensifying need to reduce towering healthcare
costs, improving computing power and declining hardware costs, growing number
of cross-industry partnerships and collaborations, and rising imbalance between
health workforce and patients driving the need for improvised healthcare
services. Another major factor fueling the market growth currently is the
adoption of this technology by multiple pharmaceutical and biotechnology
companies across the world to expedite vaccine or drug development processes
for COVID-19.
Sam Mowers, Investorideas.com
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