The #AIEye: IBM (NYSE: $IBM) Watson Health Lists 15 Top Health Systems Study and NICE (NasdaqGS: $NICE) Actimize Enhances Surveillance Solution
Wearable #AI Market to Grow at 30% CAGR from 2019-2025
Point Roberts WA, Vancouver BC – April 22, 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) Watson Health published its 15 Top Health Systems annual study today, leveraging advanced data, science and analytics to rank the top-performing health systems in the U.S. based on overall organizational performance. The five best-ranked large health systems are Avera Health in Sioux Falls, SD, Mayo Foundation in Rochester, MN, Mercy in Chesterfield, MO, St. Luke's Health System in Boise, ID, and UCHealth in Aurora, CO. Ekta Punwani, 100 Top Hospitals program leader at IBM Watson Health, said:
"The multi-year trend toward increased healthcare consolidation has shined a spotlight on health system performance, illuminating both the challenges of coordinating care across multiple facilities and the opportunities that can come with scale. The institutions recognized in the IBM Watson Health 15 Top Health Systems study are providing a blueprint for how to improve quality, lower costs and achieve outstanding patient satisfaction on a consistent basis."
NICE Actimize, a subsidiary of NICE Ltd. (NasdaqGS:NICE), has enhanced its Intelligent eCommunications Surveillance solution with next generation machine learning capabilities, intelligent analytics and investigative tools to strengthen surveillance detection and case management, reduce false alerts, and drive down compliance costs, according to a press release today. Chris Wooten, Executive Vice President, NICE said:
“This newest release of our eCommunications surveillance solution, with its next generation machine learning and our award-winning ActOne investigation and case management solution, brings communications surveillance detection and investigative efficiency to a whole new level.”
Wearable AI Market to Grow at 30% CAGR from 2019-2025
A report from Global Market Insights finds that the Wearable AI market will grow at a compound annual growth rate (CAGR) of 30 percent from 2019 to 2025, after surpassing $35 billion USD in 2018. An excerpt from the report summary reads:
The increasing disposable income of households in the emerging economies is the primary factor accelerating the adoption of smart wearables. Over the past decade, the middle class of the emerging economies has increased significantly. According to the World Bank, the size of the middle class in the Asia Pacific region increased from 525 million in 2009 to 1,700 million in 2018 and is further estimated to reach 3,228 million by 2030. This growth is credited to the development of skilled professionals, rapid industrialization, and rising employment in the service-based industries. As a result, a fundamental shift in the consumer spending patterns toward consumer electronics product has been witnessed. This is encouraging smartwatch manufacturers to capitalize on the changing lifestyle and rise in customer spending patterns in emerging nations.
The rising focus of consumers on fitness & health monitoring is driving the growth of the wearable AI market. As obesity and heart-related diseases are increasing across the globe, the demand for wearable devices among consumers to monitor their fitness levels is also rising. Fitness bands and smartwatches are equipped with various sensors to monitor numerous health-related vitals, such as heartbeats and blood pressure, allowing users to monitor their health conditions daily without the intervention of any medical professionals. It also allows users to monitor their health conditions in real-time in a cost-effective manner, promoting the use of smart wearable devices among consumers across the globe.
Sam Mowers, Investorideas.com
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