The #AIEye: #IBMWatson ( $IBM) Health Publishes Top 100 Hospitals List, NICE Expands Partnership with ABBYY and MYnd Analytics Partners with IMPACT Solutions
Global #AI in Construction to Reach $3.161 Billion with CAGR of 38.14% by 2024
Point Roberts WA, Vancouver BC – March 4, 2019 – 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
Global AI in Construction to Reach $3.161 Billion with CAGR of 38.14% by 2024
Zion Market Research has published a report on the global AI in construction market in the forecast period 2018-2024. The report indicates that the market will grow to $3.161 billion USD by 2024 with a compound annual growth rate (CAGR) of 38.14 percent. An excerpt from the report summary reads:
AI’s capability in construction services and solutions to reduce production costs is the major factor expected to drive the global AI-In-Construction market. In addition, the need for safety measures on construction sites is also projected to drive this market’s growth. Furthermore, huge investments made by construction companies from the emerging economies globally in the adoption of the advanced AI technology for construction applications is also likely to contribute toward the global growth of the AI-In-Construction market. However, the low technological investments in R&D for developing new technologies might hamper this market. Nonetheless, the increasing demand for integrated AI in construction activities is estimated to create new market opportunities.
IBM Watson Health Publishes Top 100 Hospitals List, NICE Expands Partnership with ABBYY and MYnd Analytics Partners with IMPACT Solutions
Stocks discussed: (NYSE:IBM) (NasdaqGS:NICE) (NasdaqCM:MYND)
IBM Watson Health (NYSE:IBM) has published its annual list of the top 100 performing hospitals in the U.S. According to the press release, the “study found that the top-performing hospitals in the country achieved better risk-adjusted outcomes while maintaining both a lower average cost per patient and higher profit margin than peer group hospitals that were part of the study.” Kyu Rhee, M.D., M.P.P., vice president and chief health officer at IBM Watson Health said:
“In this era of big data, analytics, transparency, and patient empowerment, it is essential that we learn from these leading hospitals and work to spread their best practices to our entire health system which could translate into over 100K more lives saved, nearly 40K less complications, over 150K fewer readmissions, and over $8 billion in savings."
NICE Ltd. (NasdaqGS:NICE) and its Robotic Process Automation (RPA) platform is incorporating additional AI capabilities to better process unstructured data, according to an announcement today. The company also expanded its partnership with AI solutions company ABBYY, contributing to its comprehensive digital transformation. Barry Cooper, President, NICE Enterprise Group, said:
“We are pleased to expand our partnership with ABBYY and to offer customers the most innovative, wide-ranging document processing solution that uniquely aligns with NEVA, the market's first employee focused attendant, to offer desktop assistance as well as our unattended robots that automate tasks in the back end. Enriching content and document processing with greater cognitive intelligence goes a long way in making interactions memorable while also offering greater operational efficiencies. Via this integration, our customers are empowered to improve business performance and ROI while delivering uncompromising customer experiences.”
MYnd Analytics, Inc., (NasdaqCM:MYND) a telemedicine and data analytics and augmented intelligence leader and Arcadian Telepsychiatry Services, have partnered with IMPACT Solutions, a leading provider of behavior healthcare and Employee Assistance Programs (EAP). The partnership will see the companies providing tele-EAP services to clients. Dr. Joel R. Gecht, President and CEO of IMPACT Solutions said:
“Tele-EAP provides our customers’ employees a convenient solution from the convenience of home using web-enabled video conferencing. In turn, we believe these services will help increase employee participation and we can help both the employers and employees address potential problems before they affect work performance, health, or well-being.”
Sam Mowers, Investorideas.com
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