#AIEye Episode 448: ZEISS Partners (OTC: $CZMWF) with Microsoft (NasdaqGS: $MSFT) for Digital Cloud Transformation, NVIDIA (NasdaqGS: $NVDA) Partners with GSK (NYSE: $GSK) for AI-Powered Discovery of Medicines and Vaccines
Global
RPA Market to Reach $6.10 Billion by 2027
Point Roberts WA, Vancouver BC – October 7, 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.
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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (OTC:CZMWF) (NasdaqGS:MSFT) (NasdaqGS:NVDA) (NYSE:GSK)
Optics and optoelectronics manufacturer ZEISS Group (OTC:CZMWF) has entered a multi-year strategic partnership
with Microsoft (NasdaqGS:MSFT) to accelerate its
transformation into a digital services provider with a cloud first approach. In
doing so, according to the press release, ZEISS will leverage Microsoft Azure’s
“high-performance compute, AI, and IoT services,” “to provide original
equipment manufacturers (OEMs) with new quality management solutions, enable
microchip manufacturers to build more powerful, energy-efficient microchips,
and deliver new digital healthcare solutions for improved clinical workflows,
enhanced treatments, and device maintenance.” Karl Lamprecht, ZEISS President
and CEO, commented:
"As
a global leader in optics and optoelectronics, ZEISS is committed to digitally
enable its customers' business models, products, and services. We are proud to
join forces with Microsoft in our quest to apply precision optics, IoT
capabilities, artificial intelligence and machine learning to the most
demanding processes in healthcare and manufacturing. Improving the patient's
life and doctor's work and driving industrial quality assurance in the
production process have always been top of mind for us. We are taking our
expertise to the next digital level together with Microsoft, a leading
innovator and provider of digital technologies."
NVIDIA Corporation (NasdaqGS:NVDA) has announced a partnership with healthcare and
pharmaceutical giant GlaxoSmithKline (NYSE:GSK) and its recently-established
London-based AI hub, to aid in the discovery of medicines and vaccines. Kim
Branson, senior vice president and global head of AI and ML at GSK, said:
“Because
of the massive size of the datasets we use for drug discovery, we need to push
the boundaries of hardware and develop new machine learning software. We’re
building new algorithms and approaches in addition to bringing together the
best minds at the intersection of medicine, genetics and artificial
intelligence in the U.K.’s rich ecosystem. This new partnership with NVIDIA
will also contribute additional computational power and state-of-the-art AI
technology.”
Global
RPA Market to Reach $6.10 Billion by 2027
A report published by Fortune Business Insights finds that the
global Robotic Process Automation (RPA) market will grow from $1.03 billion in
2019 to $6.10 billion by 2027 with a compound annual growth rate (CAGR) of 24.9
percent in the forecast period 2020-2027. The following excerpt from the report
summary outlines the role of AI adoption in driving the market:
Robotic
process automation is in demand by organizations to handle complex unstructured
information and automate any business functionality from end to end. Companies
are combining artificial intelligence as well as cognitive technologies with
RPA to extend the horizons of business process automation. These tools
automatically observe the work activities, recognize optimal workflows, and
suggest an automation path to the business.
RPA
combined with artificial intelligence access unstructured information such as
audio, video, and human chat conversation to make end-to-end automation
possible.
Sam Mowers, Investorideas.com
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