The #AIEye Episode 319 - IBM (NYSE: $IBM) Offers Free #COVID19 Tools via Weather Channel App and Nuance (NasdaqGS: $NUAN) Announces Availability of Free COVID-19 Content Pack for Dragon Medical Users
Global Mobile #AI Market Has Potential for $13.26 Billion Growth from 2020-2024
Point Roberts WA, Vancouver BC – March 26, 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: (NYSE:IBM) (NasdaqGS:NUAN)
IBM (NYSE:IBM) is offering free new tools to track reported COVID-19 cases nearby and keep users informed. The tools run on the IBM public cloud and leverage IBM Watson “to access and analyze data from the World Health Organization and multiple national, state and local governments.” The tools, which are to be found on The Weather Channel app on iOS or Android, include an AI-enhanced interactive "Incidents Map" of COVID-19 data and stats, a trend graph, coronavirus-related news and videos and more. Cameron Clayton, general manager of IBM's The Weather Company, explained:
"As the coronavirus causes uncertainty in our daily lives, we are all looking for data to help us make more informed decisions and check on our family and friends in different areas. With that in mind, we feel it's critical to provide the most trusted information currently available to help people stay informed on the reach of COVID-19. The Weather Channel is now providing COVID-19 data – so you can see why social distancing matters in your community and why it's important to heed instructions from your local, state and national resources."
Nuance Communications, Inc. (NasdaqGS:NUAN) has announced the immediate availability of the free COVID-19 Content Pack for all Nuance Dragon Medical users, which includes more than 500,000 physicians globally. According to the press release, the Content Pack includes “easy-to-use templates to boost provider efficiency and help ensure the capture of crucial datapoints for COVID-19 patients.” Nuance CTO Joe Petro said:
“These unprecedented circumstances call on everybody to contribute their strengths and expertise to help overcome the challenges. We are able to step up immediately because of our healthcare domain knowledge and deep experience in understanding and creating solutions for the very complex problems our customers face. It’s a continuous process of listening and innovating that takes on even greater meaning and importance in times like these.”
Global Mobile AI Market Has Potential for $13.26 Billion Growth from 2020-2024
A report from Technavio finds that the global Mobile AI market has the potential to grow by $13.26 billion from 2020-2024. An excerpt from the report snapshot outlines key drivers and trends expected in the market:
Enterprises are increasingly using AI to gain operational efficiency and improve their processes. AI offers recommendations and suggestions to improve productivity and provide decision-making capabilities on multiple scenarios by analyzing the existing data. Because of such benefits, the use of AI is increasing in end-user industries such as healthcare, education, retail, and finance. Moreover, AI has the potential to improve healthcare outcomes while reducing treatment costs and is also used in the retail industry for supply chain planning, demand forecasting, price optimizing, customer intelligence, and enhancing day-to-day store operations. Intel offers AI technology to retailers to analyze activities on physical shelves using mobile devices, which creates a digital version of the physical store and help them resolve shelf issues, such as out of stock, planogram compliance, and pricing errors. With the increasing use of AI chip-enabled mobile devices, the global mobile artificial intelligence market will grow significantly during the forecast period.
Sam Mowers, Investorideas.com
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