The
#AIEye Episode 398: Microsoft (NasdaqGS: $MSFT) Collaborating with Mastercard (NYSE:
$MA) to Drive Digital Commerce Innovation and Nuance (NasdaqGS: $NUAN) DAX
Being Adopted by Cooper University Health Care
Global
Digital Transformation Market to Reach $3.394 Trillion by 2025
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https://www.investorideas.com/Audio/Podcasts/2020/072820-AI-Eye.mp3
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this in full at http://www.investorideas.com/news/2020/artificial-intelligence/07281AIEye-MSFT-MA-NUAN.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:MSFT) (NYSE:MA) (NasdaqGS:NUAN)
Microsoft (NasdaqGS:MSFT)
has announced a collaboration with Mastercard (NYSE:MA)
to drive innovation in digital commerce and startups. This will involve the
leveraging of Microsoft’s Azure and AI to “accelerate Mastercard Labs' cloud
native research and development activities,” and “commercialize emerging
technologies and platforms for digital commerce.” Ken Moore, executive vice
president and head of Mastercard Labs, commented:
"We
are thrilled to deepen our longstanding relationship with Microsoft by
advancing the research, development and scaling of new technologies and
business models. This strategic collaboration will strengthen and extend our
cloud services and capabilities for clients and fintech partners, sparking
innovation and creativity for the ecosystem. It will enable us to explore
opportunities focused on new client segments, technologies and trends as we
continue to drive financial inclusion and build the future of commerce."
Nuance Communications, Inc. (NasdaqGS:NUAN)
has announced that Cooper University Health Care is
“adopting the Nuance® Dragon Ambient eXperience™ (DAX™) ambient clinical
intelligence (ACI) solution to transform physician-patient encounters, reduce
physicians' administrative tasks, advance patient care with real-time knowledge
automation, and enhance documentation in the electronic health record (EHR)
system.” Diana Nole, Executive Vice President and General Manager of Nuance
Healthcare, explained:
"Cooper
University Health Care is prioritizing patient care and physician satisfaction
through innovative technology. Without any technology barriers, physicians have
more focus and greater connections with patients. By putting the patient front
and center and capturing all relevant clinical information, the result is
high-quality patient care and appropriate reimbursement. Leveraging AI
technology that addresses physician exhaustion and burnout from administrative
tasks also overcomes the challenges associated with legacy physical scribe
solutions that require another person in the exam room, is very expensive, has
high turnover rates, and is not feasible during the pandemic."
Global
Digital Transformation Market to Reach $3.394 Trillion by 2025
A report from Meticulous Research finds that the global
Digital Transformation market will reach $3.294 trillion by 2025 with a
compound annual growth rate (CAGR) of 22.7 percent in the forecast period
2019-2025. An excerpt from the report’s description outlines the significant
role AI will play in this market:
Today’s
evolving business landscape puts organizations under constant pressure to
innovate making digital transformation a top priority for businesses.
Artificial intelligence and robotics have become one of the prominent global
economic drivers changing diverse sectors including healthcare, manufacturing,
BFSI, retail as well as other sectors. According to International Data
Corporation (IDC), by 2019, 40% of digital transformation initiatives will use
AI services and by 2021, 75% of enterprise applications will use AI. According
to the International Federation of Robotics, in 2017 the total worldwide stock
of operational industrial robots significantly increased by 15% to 2,097,500
units. In addition, the annual sales volume of industrial robots increased by
114 % over the last five years (2013-2017) evidently prove the growth of
robotic process automation (RPA) market. Perceptibly, growth in Artificial
intelligence and RPA will encourage the growth of overall global digital
transformation market in coming years.
Sam Mowers, Investorideas.com
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