#AIEye Episode 461: C3.ai, Microsoft (NasdaqGS: $MSFT), and Adobe (NasdaqGS: $ADBE) Partner to Launch C3 #AI CRM, Kettering Health Chooses Nuance (NasdaqGS: $NUAN) Dragon Medical Advisor for Emergency Guidance #artificialintelligence
Global
AI in Telecom to Exhibit Nearly 47% CAGR from 2019-2023
Point Roberts WA, Vancouver BC – October 26, 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
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https://www.investorideas.com/Audio/Podcasts/2020/102620-AI-Eye.mp3
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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:MSFT) (NasdaqGS:ADBE) (NasdaqGS:NUAN)
C3.ai, Microsoft (NasdaqGS:MSFT), and Adobe Inc. (NasdaqGS:ADBE) announced the launch of Microsoft Dynamics
365-powered C3 AI CRM, described in the press release as the “first
enterprise-class, AI-first customer relationship management solution,” which
“is purpose-built for industries, integrates with Adobe Experience Cloud, and
drives customer-facing operations with predictive business insights.” The three
companies’ C3 AI CRM leverages embedded artificial intelligence to help:
accurately forecast revenue, accurately predict product demand, identify
highly-qualified prospects, and more. Thomas M. Siebel, CEO of C3.ai, commented:
"Microsoft,
Adobe, and C3.ai are reinventing a market that Siebel Systems invented more
than 25 years ago. The dynamics of the market and the mandates of digital
transformation have dramatically changed CRM market requirements. A
general-purpose CRM system of record is no longer sufficient. Customers today
demand industry-specific, fully AI-enabled solutions that provide AI-enabled
revenue forecasting, product forecasting, customer churn, next-best product,
next-best offer, and predisposition to buy."
Nuance Communications, Inc. (NasdaqGS:NUAN) has announced that Kettering Health Network – a
not-for-profit network of eight hospitals, Kettering College, and over 120
outpatient facilities – has selected Emergency Department (ED) Guidance for the
Nuance Dragon Medical Advisor. The Nuance Dragon Medical Advisor, described as
“an AI-powered computer-assisted physician documentation (CAPD) solution,” is
being adopted by Kettering “to improve patient safety, alleviate the
administrative burden on clinicians, and reduce the risk of missing diagnoses,”
according to the press release. Diana Nole, Executive Vice President and
General Manager of Healthcare, Nuance, explained:
"The
Kettering adoption of Dragon Medical Advisor with ED Guidance is a great
example of the comprehensive benefits enabled by the Dragon Medical One
platform. The combination of clinical speech recognition, in-workflow
documentation guidance, virtual assistant skills, and data analytics provides a
consistent and efficient experience for physicians and enables continuous
improvements in patient care and financial outcomes."
Global
AI in Telecom to Exhibit Nearly 47% CAGR from 2019-2023
A report published by 360 Market Updates finds that the global AI in
Telecommunications market will register a compound annual growth rate (CAGR) of
nearly 47 percent in the forecast period 2019-2023. The following excerpt from
the report’s description outlines a potential driver in the market’s growth:
Al
can help telecom providers to build self-optimizing networks (SONs), which
provide network operators the ability to automatically optimize their network
quality depending on traffic information by time zone and region. This, in
turn, will enable enterprises to optimize their inventory by making orders
based on the estimated demand, current inventory level, and lead time.
Another excerpt from the report description, however,
outlines a possible restraint to the market’s growth:
A
major challenge for the growth of Al in the telecommunication industry is the
lack of technical expertise among the workforce. Enterprises implementing Al
are required to have sound knowledge on working with Al software platforms and
periodic servicing necessities to ensure smooth operations. The lack of
technical knowledge can impact the demand for Al in the telecommunication
industry.
Sam Mowers, Investorideas.com
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