#AIEye
#Podcast 631: #Stocks discussed: (NYSE: $IBM) (NasdaqGS: $NUAN) #artificialintelligence
IBM
Watson Health Introducing AI Orchestration Offering for Imaging, and Nuance
Launches Precision Imaging Network
Global
#MedicalImaging #AI Applications Market to Reach Nearly $1.2B by 2025
Point Roberts WA, Vancouver BC – November 30, 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
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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:IBM) (NasdaqGS:NUAN)
IBM (NYSE:IBM) has announced that Watson Health is introducing a new AI
orchestration offering to help imaging organizations experience the benefits of
having AI applications work seamlessly together. David Gruen, Chief Medical
Officer of Imaging at Watson Health, said:
"We
recognize that when it comes to applying AI in imaging, it's hard to go it
alone. Because each AI application is developed in a unique way with a specific
purpose, it can be challenging for organizations to review and assess each one,
and then to deploy them in a way that's beneficial to radiologists and their
patients. That's why, with the rapid proliferation of approved algorithms,
staffing shortages, and complexity of disease, the IBM Imaging AI Orchestrator
could not come at a better time."
Nuance Communications, Inc. (NasdaqGS:NUAN) has launched the Nuance Precision Imaging Network,
described in the press release as “an AI-powered cloud platform that delivers
patient-specific data and insights from diagnostic imaging into existing
clinical and administrative workflows across the healthcare ecosystem.” Peter
Durlach, Chief Strategy Officer, Nuance, explained:
"Nuance
recognizes that almost every patient story starts with a diagnostic image. The
Nuance Precision Imaging Network is the only nationwide patient-centered
diagnostic imaging platform that seamlessly delivers AI-generated patient
information into the full array of clinical and administrative workflows across
provider, payer, and life science use cases. By leveraging Nuance's unmatched
scale in diagnostic imaging built up over the past 25 years and a robust
partner ecosystem, the Nuance Precision Imaging Network establishes a common
cloud-based framework that enables all stakeholders to apply rapid advances in
imaging AI to improve clinical outcomes, financial performance, and efficiency
across the entire patient journey from screening through follow-up."
Global
Medical Imaging AI Applications Market to Reach Nearly $1.2B by 2025
A report published by Signify Research finds that the market for
Medical Imaging AI applications is projected to grow from around $800 million
in 2020 to almost $1.2 billion by 2025 with a compound annual growth rate
(CAGR) of 26 percent. An excerpt from the report reads:
Despite
the COVID-19 pandemic, there have been several positive developments for the
medical imaging AI market in 2020 and 2021 (to date). These include new product
launches (a record number of AI solutions received US-FDA clearance in 2020),
new reimbursement codes (such as the New Technology Add-on Payment
reimbursement for stroke imaging AI in the US), and the first wave of Class III
NMPA approvals in China (permitting the use of medical imaging AI solutions for
diagnostic purposes).
Sam Mowers, Investorideas.com
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