#AIEye
#Podcast 618: #Stocks discussed: (NYSE: $TDC) (TSXV: $DM.V) #artificialintelligence
Teradata
Corporation and H2O.ai Announce Platform Integration for Enterpise AI, and
Datametrex AI is Selected for Final Round for $40M AI Contract
#AI
in #Healthcare Market to Exceed $34.5B in 2027
Point Roberts WA, Vancouver BC – October 25, 2021 – 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:
https://www.investorideas.com/Audio/Podcasts/2021/102521-AI-Eye.mp3
Read
this in full at
https://www.investorideas.com/news/2021/artificial-intelligence/10251TDC-DM.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:TDC) (TSXV:DM)
Teradata Corporation (NYSE:TDC) and AI cloud company H2O.ai have announced the integration of H2O AI Hybrid
Cloud, the latter’s state-of-the-art AI platform, with Vantage, Teradata’s
multi-cloud data platform. This, according to the press release, will allow the
two firms’ customers to “quickly and easily make, deploy, and operate AI
solutions that solve business problems and drive business value.” Sri Ambati,
Founder and CEO at H2O.ai, said:
"Customers
tell us that disconnected data, analytics and AI platforms slow down their AI
initiatives. The integration of H2O AI Hybrid Cloud with Teradata Vantage
provides seamless alignment between the platforms, unifying data stores of all
kinds, analytics and AI, so our customers can rapidly access more data to
inform new insights that result in more accurate and informed business
decisions."
Datametrex AI Limited (TSXV:DM) has been selected into the final round in the bidding
process under a Requests for Proposals (RFP) on an Artificial Intelligence
contract in Canada. The fully realized contract is worth approximately $40
million. Marshall Gunter, CEO of Datametrex, said:
"We
are proud to be selected for the final round for this AI business and are
excited by the possibilities this creates for our employees, customers,
partners and shareholders. We are cautiously optimistic. We believe the growing
momentum with AI will remain through 2022 as the overall economy improves and
more organizations return to investing in technology. The team at Datametrex
believes that we are uniquely positioned to continue leading in the AI market.”
AI
in Healthcare Market to Exceed $34.5B in 2027
A report published by Global Market Insights finds that the market
for AI in Healthcare is projected to grow from $4.2 billion USD in 2020 to over
$34.5 billion in 2027 with a compound annual growth rate (CAGR) of 33.7 percent
in the forecast period 2021-2027. An excerpt from the report summary reads:
Growing
application of artificial intelligence in the field of drug discovery, medical
imaging, precision medicine and genomics coupled with increasing personalized
treatments will drive the market growth.
Moreover,
the use of artificial intelligence and its broadening horizons in research
areas is observed to foster market expansion. For instance, artificial
intelligence is used for advanced treatments in oncology. The technology aids
in detection of abnormalities in X-rays and MRIs, which can often be overlooked
by the human eye.
Sam Mowers, Investorideas.com
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