The
#AIEye Episode 405: AWS (NasdaqGS: $AMZN) Selected as Cloud Provider by Moderna
(NasdaqGS: $MRNA) and RadNet (NasdaqGM: $RDNT) Collaborating with Hologic (NasdaqGS:
$HOLX) on #AI in Breast Health Solution
Global
AI Market to Reach $733.7 Billion by 2027
Listen
to today’s podcast:
https://www.investorideas.com/Audio/Podcasts/2020/080620-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2020/artificial-intelligence/08061AIEye-AMZN-MRNA-RDNT-HOLX.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:AMZN) (NasdaqGS:MRNA) (NasdaqGM:RDNT) (NasdaqGS:HOLX)
Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has been selected by biotech and messenger RNA (mRNA)
medicines pioneer Moderna, Inc. (NasdaqGS:MRNA), as the latter’s “preferred
cloud provider, as well as its standard for analytics and machine learning
workloads.” Matt Garman, Vice President, Sales and Marketing at AWS, explained:
"Running
on AWS, Moderna has the agility to continuously refine its research,
development, and manufacturing. Moderna is relying on the proven performance
and scale of the world’s leading cloud to innovate and develop drug and vaccine
candidates on timelines that may have been impossible even just a few years
ago."
Diagnostic imaging services firm RadNet, Inc. (NasdaqGM:RDNT),
and medical technology company Hologic, Inc. (NasdaqGS:HOLX), have “entered into a definitive collaboration to
advance the use of artificial intelligence (A.I.) in breast health.” Pete
Valenti, Hologic’s Division President, Breast and Skeletal Health Solutions,
explained:
“We
believe the future of breast health will rely heavily on the integration of
A.I. tools, such as our 3DQuorum imaging technology, as well as next generation
CAD software, that aid in the early detection of breast cancer. We are
energized by the opportunities this transformative collaboration with RadNet
creates for patients and clinicians alike. Access to data is critical in
training and refining A.I. algorithms. With this collaboration, we now have the
opportunity to leverage data from the largest fleet of high-resolution
mammography systems to develop new tools across the continuum of care, provide
workflow efficiencies, and improve patient satisfaction and outcomes.”
Global
AI Market to Reach $733.7 Billion by 2027
Research published by ReportLinker finds that the global market for
Artificial Intelligence is expected to reach $733.7 billion by 2027, exhibiting
a compound annual growth rate (CAGR) of 42.2 percent in the forecast period
2020-2027. An excerpt from the report summary outlines the role of AI in big
data analytics:
Artificial
Intelligence is becoming vital to big data as the technology allows the
extraction of high-level and complex abstractions through a hierarchical
learning process. The need for mining and extraction of significant patterns
from high-volume information is driving the growth of artificial intelligence
in big data analytics.
Furthermore,
the technology helps in overcoming challenges associated with big data
analytics, such as the trustworthiness of data analysis, format variation of
raw information, highly distributed input sources, and imbalanced input data.
Another challenge includes a lack of efficient storage and poor retrieval of
information as it is collected in large quantities and made available across
numerous domains.
Sam Mowers, Investorideas.com
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