The #AIEye: UCLA Deploying Microsoft (Nasdaq: $MSFT) Azure to Improve Patient Care and IBM (NYSE: $IBM) Watson Health Demonstrates #AI Progress in Cancer Care
AI in Food & Beverage Industry to Hit $115 Billion by 2026
Point Roberts WA, Vancouver BC – May 31, 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
Stocks discussed: (NasdaqGS:MSFT) (NYSE:IBM)
UCLA Health has announced that they are deploying Microsoft’s (NasdaqGS:MSFT) Azure platform in an effort to “speed medical discoveries and improve patient care”. The Azure platform will equip UCLA Health with advanced computing tools embedded with artificial intelligence solutions that will render data analysis faster and more efficient. Peter Lee, corporate vice president, Microsoft Healthcare, commented:
"We are committed to creating better patient outcomes by providing UCLA Health with Microsoft Azure cloud and AI solutions to improve treatments and lives. By connecting health data and systems in the cloud in an interoperable way, we're excited we can help advance health care data for more efficient and personalized care."
IBM Watson Health, a subsidiary of IBM (NYSE:IBM), demonstrated the progress of AI technology in the provision of clinical decision support for cancer care at the American Society for Clinical Oncology 2019 meeting. The claims of progress are drawn from the culmination of some 22 scientific studies that IBM Watson Health unveiled at the event. Nathan Levitan, MD, MBA, Chief Medical Officer for Oncology and Genomics at IBM Watson Health, said:
"Artificial intelligence technology is helping to enhance the way clinicians treat cancer today, in the real world. AI is helping multidisciplinary tumor boards make more informed decisions based on curated scientific evidence; it is surfacing critical insights and information that is not identified manually; and it is helping to improve patient satisfaction by delivering a comprehensive view of treatment options."
AI in Food & Beverage Industry to Hit $115 Billion by 2026
A report from Data Bridge Market Research finds that the global AI in food & beverages market is expected to grow from $6.38 billion in 2018 to $115 billion by 2026 with a compound annual growth rate (CAGR) of 43.59 percent in the forecast period. The report identifies market drivers as the growing concern regarding improvement of supply chain efficiency and the continuously adoption of advanced technology in the food & beverages industry. An excerpt from the report description reads:
Artificial intelligence in food and beverages will be defined as solutions that help in improving the supply chain of food & beverages industry. This solution provides gives other way to fulfil their customers in the lower costs. The advent usage of artificial intelligence, in the food & beverages industry has offers various advantages such as increases efficiency and execution of product delivery; increase food security and also reduces wastage of food.
Sam Mowers, Investorideas.com
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