The #AIEye: IBM (NYSE: $IBM) Renews Hybrid Cloud Contract with Boursorama and Baidu (Nasdaq: $BIDU) Unveils AI-Powered Automotive Tech at Auto Shanghai 2019
Global #AI in Healthcare Market to Hit $17.8 Billion by 2025
Point Roberts WA , Vancouver BC – April 18, 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
IBM (NYSE:IBM) has renewed its agreement with Société Générale (EPA:GLE) subsidiary Boursorama, an online banking, brokerage and financial information firm. Boursorama signed a five-year hybrid cloud contract, allowing it to leverage IBM Cloud technology. Beatrice Kosowski, General Manager, Global Technology Services, IBM France, said:
"IBM's secure hybrid cloud offering, as well as the security services around Web platforms, are designed to be real innovation assets for our customers in the context of their digital transformation, especially in the banking world subject to the ECB's regulatory requirements. We are very proud to continue to support Boursorama in its growth and conquest of new markets."
Baidu, Inc. (NasdaqGS:BIDU) has introduced new connected vehicle solutions and enterprise applications with 14 partners at the 18th International Automobile & Manufacturing Technology Exhibition (Auto Shanghai 2019). The company’s Apollo Enterprise solutions were on display, as was the DuerOS conversational AI platform. Zhenyu Li, Vice President and General Manager of Baidu’s Intelligent Driving Group, commented:
“Artificial intelligence is transforming the automotive industry. Working with our partners, Baidu is building a new framework for connected vehicle solutions and intelligent transportation, and accelerating the transition of cars to something more than vehicles of transportation. We believe DuerOS for Apollo will bring people a new and improved riding experience. Meanwhile, Apollo Enterprise will play a key role in providing autonomous driving and connected vehicles solutions.”
Global AI in Healthcare Market to Hit $17.8 Billion by 2025
A new report from Zion Market Research projects that the global AI in healthcare will reach $17.8 billion USD by 2025 with a compound annual growth rate (CAGR) of 43.8 percent in the forecast period 2019 to 2025. An excerpt from the report analysis reads:
The growing need for healthcare workforce co-ordination with patients is one of the prominent factors driving the global artificial intelligence (AI) in healthcare market. Analyzing and compiling of patient’s medical data, such as personal information, latest medical symptoms, and medical history is the first step in a patient’s treatment. Data management through artificial intelligence (AI) technology is predicted to be in high demand globally in the future. The integration of AI in healthcare helps to generate medical data that is gathered, stored, re-formatted, and effectively traced for faster assistance and uninterrupted access. Furthermore, hospitals globally are adopting AI solutions to avoid repetitive tasks, such as X-Rays, CT scans, analyzing tests, and data entry. The AI technology helps doctors to analyze time-consuming data analysis, which is increasing the AI applications in the healthcare sector. This, in turn, is estimated to fuel the artificial intelligence (AI) in healthcare market in the upcoming years. However, the integration of AI technology in the healthcare domain comes with a huge threat to a doctor's job. Medical practitioners’ reluctance behavior toward AI technology is hampering this market.
Sam Mowers, Investorideas.com
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