The #AIEye Episode 416: AstraZeneca (NYSE: $AZN) Collaborating with Renalytix #AI (NasdaqGM: $RNLX) for Precision Medicine Strategies and Nuance (NasdaqGS: $NUAN) Advances Virtual Assistant Tech for Hey Epic! Voice Assistant
Global
Deep Learning Market to Reach $37.98 Billion by 2027
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Stocks
discussed: (NYSE:AZN) (NasdaqGM:RNLX) (NasdaqGS:NUAN)
Pharmaceutical giant AstraZeneca (NYSE:AZN) and artificial intelligence
diagnostics firm Renalytix AI (NasdaqGM:RNLX) are collaborating to develop and launch precision
medicine strategies for cardiovascular, renal and metabolic diseases. According
to the press release, “the first stage in the collaboration will use
KidneyIntelX, an artificial intelligence-enabled in vitro diagnostic platform, to examine further improving outcomes
for patients with chronic kidney disease (CKD) and its complications, in
coordination with the Mount Sinai Health System.” Barbara Murphy, Dean for
Clinical Integration and Population Health Management at the Icahn School of
Medicine at Mount Sinai, and board member of RenalytixAI, commented:
“We
believe this collaboration will define how we can leverage KidneyIntelX to
improve the care and outcomes for patients affected by chronic diseases, such
as kidney disease, diabetes, and cardiovascular disease. By using a more
personalized approach, our initial goal is to help realize improved outcomes
for more than 240,000 patients with chronic kidney disease within the Mount
Sinai Health System.”
Nuance Communications, Inc. (NasdaqGS:NUAN) has announced “the advancement of Nuance's virtual
assistant technology for customers using the Epic electronic health record
(EHR),” integrating with Hey Epic! voice assistant. Peter Durlach, senior vice
president, strategy and new business development, Nuance, said:
"We
have long focused our conversational AI innovation on keeping a healthy balance
for physicians and nurses between necessary administrative tasks and their
primary clinical work. Our virtual assistant and ambient intelligence solutions
are not just addressing that balance – they are helping to power the digital
transformation of healthcare."
Global
Deep Learning Market to Reach $37.98 Billion by 2027
A report from Data Bridge Market Research finds that the
global Deep Learning market is projected to reach $37.98 billion by 2027 with a
compound annual growth rate (CAGR) of 34 percent in the forecast period
2020-2027. An excerpt from the report description reads:
Some
of the factors driving the market growth are: advancing computing potential,
including diminishing device price, progressing enactment of cloud-based
technology, penetration of deep learning practice in big data [systems], and
increasing artificial intelligence acceptance in client-centric assistance.
During
the [forecast period] some of the factor[s] [that] may hinder the market growth
[include]: [the] developing complexity in tools due to complicated algorithms
applied in technology, the need for technological experts and the deficiency of
measures and customs. To overcome these hindrance[s], [the] existence of
insufficient structured data is expected to boost the market for deep learning
solutions, and [the] heightening expenditure in travel, hospitality businesses,
and [the] healthcare industry will act as opportunity for the market growth.
Sam Mowers, Investorideas.com
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