Investor Ideas, Trading Ideas and Stocks to Watch : #AIEye #Podcast 597: #Stocks discussed: (NasdaqGS: $NUAN) (NYSE: $STEM) #artificialintelligence

Monday, August 30, 2021

#AIEye #Podcast 597: #Stocks discussed: (NasdaqGS: $NUAN) (NYSE: $STEM) #artificialintelligence

#AIEye #Podcast 597: #Stocks discussed: (NasdaqGS: $NUAN) (NYSE: $STEM) #artificialintelligence

Nuance Announces Collaboration with Cooper University Health Care, and Penske Truck Leasing to Pilot Stem Inc.’s Athena Smart Energy Storage Software

Global AI in Marketing Market to Reach $35.86B by 2028

Point Roberts WA, Vancouver BC – August 30, 2021 – 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:NUAN) (NYSE:STEM)

Nuance Communications, Inc. (NasdaqGS:NUAN) has announced a strategic collaboration with Cooper University Health Care to expand the latter’s deployment of Nuance’s Dragon Ambient eXperience (DAX) ambient clinical intelligence (ACI) solution to 475 physicians and advanced practice providers (APPs). According to the press release, Nuance DAX “revolutionizes physician-patient experiences by securely capturing and contextualizing physician-patient conversations during virtual and in-person exams with clinical documentation that writes itself.” Diana Nole, Executive Vice President and General Manager of Nuance Healthcare, said:

"Cooper University Health Care is at the forefront of a growing number of healthcare organizations embracing the multiple benefits of Nuance conversational AI and ambient clinical intelligence. Nuance DAX directly addresses the clinical and cost challenges that health systems face today, places the patient front and center, and helps restore the joy of practicing medicine to physicians by reducing the clinical documentation burden."

Private firm Penske Truck Leasing is piloting the Athena smart energy storage software from AI-driven energy storage services leader Stem, Inc. (NYSE:STEM). Athena, according to the press release, “predicts when the charging site's electricity demand will spike and uses the supplemental stored energy via on-site batteries at the optimal time to drive off-peak electricity savings and minimize utility peak demand charges.” Sean Yentsch, vice president facilities at Penske, said:

“We collaborated with Stem and other suppliers in designing and implementing the electric vehicle (EV) charging infrastructure. We then used Stem's Athena® smart energy software to optimize the electricity requirements associated with charging commercial electric trucks. We've been pleased with the initial results, and we continue to evaluate expanding the use of this AI-driven energy storage system as new charging positions equipped with supplemental battery storage are established."

Global AI in Marketing Market to Reach $35.86B by 2028

A report published by ReportLinker finds that the global market for AI in Marketing is projected to grow from $5.19 billion in 2021 to $35.86 billion by 2028 with a compound annual growth rate (CAGR) of 31.8 percent in the forecast period. An excerpt from the report’s summary reads:

AI systems for marketing can execute the tasks that are naturally associated with the human intelligence with the extensive knowledge of machine learning and deep learning for distinct implementation.The market for the solution segment is expected to witness substantial growth during the forecast period as various companies along with their marketing teams are focused toward adopting intelligent technology solutions to enhance operational efficiency and improve customer experience.

Sam Mowers, Investorideas.com

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