The AI Eye: AWS (NasdaqGS: $AMZN) Makes Amazon Kendra Generally Available and Honeywell (NYSE: $HON) Announces AI-Powered ThermoRebellion Temperature Monitoring Solution
Global NLP in Healthcare and Life Sciences Market to Reach $4.2 Billion by 2026
Point Roberts WA, Vancouver BC – May 13, 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: (NasdaqGS:AMZN) (NYSE:HON)
Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has announced the general availability of Amazon Kendra, described as an enterprise search solution which leverages “machine learning to enable organizations to index all of their internal data sources, make that data searchable, and allow users to get precise answers to natural language queries.” Swami Sivasubramanian, Vice President, Amazon Machine Learning, AWS, said:
"Our customers often tell us that search in their organizations is difficult to implement, slows down productivity, and frequently doesn’t work because their data is scattered across many silos in many formats. Using keywords is also counterintuitive, and the results returned often require scanning through many irrelevant links and documents to find useful information. Today, we’re excited to make Amazon Kendra available to our customers and enable them to empower their employees with highly accurate, machine learning-powered enterprise search, which makes it easier for them to find the answers they seek across the full wealth of an organization’s data.”
Honeywell International Inc. (NYSE:HON) has announced the ThermoRebellion temperature monitoring solution, a thermal imager that “incorporates advanced, infrared imaging technology and artificial intelligence algorithms to conduct non-invasive, preliminary screening of personnel entering a facility.” The solution can be deployed at building entrances whereupon an individual’s “skin temperature is automatically detected within two seconds and displayed on an accompanying monitor.” Renaud Mazarguil, president of Honeywell's Gas Analysis and Safety business, explained:
"Protecting worker safety is the top priority for any building operator and today, more than ever, managers are looking for innovative solutions to enhance their health screening processes. We've developed this breakthrough technology to automate and streamline the monitoring of an individual's temperature and reduce the need for invasive monitoring. Honeywell is committed to developing new solutions to help workers, families and communities stay safe."
Global NLP in Healthcare and Life Sciences Market to Reach $4.2 Billion by 2026
A report published by Research and Markets finds that the global Natural Language Processing (NLP) in Healthcare and Life Sciences market will reach $4.2 billion by 2026 with a compound annual growth rate (CAGR) of 18.7 percent in the forecast period 2018-2026. An excerpt from the report description outlines drivers and hindrances to the market’s growth:
Factors such as growing demand for improving electronic health record (EHR) data usability to enhance patient care, rising urge of predictive analytics to reduce risks and improve significant health concerns, and increased usage of connected devices are fuelling the market growth. However, specific medical sub-languages and poor input data quality is hampering the market. In addition, rising demand for NLP systems programmed to understand the context of medical records is one of the opportunities for the market.
Sam Mowers, Investorideas.com
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