The #AIEye Episode 400: IBM (NYSE: $IBM) Collaborates with Influential on #AI-Enabled Social Targeting Solution, Nuance (NasdaqGS: $NUAN) Expands Cerner (NasdaqGS: $CERN) AI Collaboration to Include and Integrate Virtual Assistant Tech
Global AI in Diagnostics to Reach $3 Billion by 2027
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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) (NasdaqGS:CERN)
IBM (NYSE:IBM), in collaboration with AI-powered social data and conversion firm Influential, has announced the launch of Watson Advertising Social Targeting. The press release describes Watson Advertising Social Targeting as “a new solution that harnesses artificial intelligence (AI) to help brands identify influencers that best align with their brand values.” Bob Lord, SVP of Cognitive Applications, Blockchain and Ecosystems, IBM, explained:
"Brand reputation matters now more than ever. Using social media to help drive purchase consideration is important as brands implement influencer marketing strategies to establish real connections with consumers. Together with Influential, we're building trust into the ecosystem by applying IBM Watson to help clients select an influencer that aligns to their brand values, exemplifying our belief that AI can and should be the backbone of the new digital economy."
Nuance Communications, Inc. (NasdaqGS:NUAN) has announced an expansion of its long-standing AI collaboration with Cerner Corporation (NasdaqGS:CERN), which will see the inclusion and integration of Nuance's virtual assistant technology into the Cerner Millennium electronic health record (EHR). Tanuj Gupta, vice president and physician executive, Cerner Intelligence, Cerner, commented:
"Health systems and their care teams are facing unprecedented challenges as they strive to deliver great patient care while dealing with extreme financial pressures and a worldwide pandemic. At Cerner, we are committed to continuing to deliver leading-edge AI-powered solutions, leveraging our open platform approach, to reduce the administrative burden on care teams so they can focus on the patient. With digital transformation happening at a breakneck speed, we are excited to expand our leading AI-enabled technology offerings with Nuance to help us fulfill this mission."
Global AI in Diagnostics to Reach $3 Billion by 2027
A report from Grand View Research finds that the global AI in Diagnostics market will grow from $288.1 million in 2019 to $3 billion in 2027 with a compound annual growth rate (CAGR) of 32.3 percent in the forecast period 2020-2027. An excerpt from the report summary outlines the role of the services segment in the market’s growth:
“…the services segment is expected to emerge at a significant growth rate over the forecast period. System integration services, support and maintenance, training, and education are major part of the service segments of the market for AI in diagnostics. Rising demand for uninterrupted data flows between devices and people to boost security, efficiency of medical devices and enhance informed decision making in real-time are some of the factors expected to drive the segment. Moreover, increasing awareness regarding cloud-based technologies, remote device management services, and application programming interfaces among healthcare professionals are a few of the key factors responsible for the growth of the segment.”
Sam Mowers, Investorideas.com
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