The #AIEye Episode 396: AWS (NasdaqGS: $AMZN) Makes Contact Lens Generally Available, Royal Bank (NYSE: $RY) and Borealis AI Team with Red Hat (NYSE: $IBM) and NVIDIA (NasdaqGS: $NVDA) for #AI Computing Platform
Global AI in Healthcare Diagnosis Market Will Reach $66.81 Billion by 2027
Point Roberts WA, Vancouver BC – July 24, 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:RY) (NYSE:IBM) (NasdaqGS:NVDA)
Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has announced the general availability of Contact Lens. Contact Lens is a machine learning-powered set of capabilities for Amazon Connect “that gives contact centers the ability to understand the sentiment, trends, and compliance of customer conversations to improve their experience and identify crucial feedback.” Larry Augustin, Vice President Productivity Applications, AWS, explained:
"Amazon Connect has grown very quickly in its first few years as customers find it very attractive to use the same contact center technology (along with the high scale, strong performance, low cost, and embedded AI) that Amazon has used to scale Amazon.com in its first 25 years. Contact Lens leverages various AWS capabilities—such as storage, transcription, natural language processing, and search—but stitches them together for customers into an easy-to-use contact analysis tool, all usable from the Amazon Connect user interface and with no machine learning or heavy programming required."
Royal Bank of Canada (NYSE:RY), along with its AI research institute Borealis AI have partnered with Red Hat, a subsidiary of IBM (NYSE:IBM), and NVIDIA (NasdaqGS:NVDA) to “develop a new AI computing platform designed to transform the customer banking experience and help keep pace with rapid technology changes and evolving customer expectations.” Mike Tardif, Senior Vice President, Tech Infrastructure, Royal Bank of Canada, explained:
"In today's ever changing marketplace, we must always be at the forefront of innovation for our clients. We are proud to have delivered a unique AI Private Cloud capability in-house, leveraging our strong collaboration with Red Hat and NVIDIA. This cloud offers GPU acceleration and containerized platform benefits, and we are well positioned to provide the best experience possible for our customers going forward."
Global AI in Healthcare Diagnosis Market Will Reach $66.81 Billion by 2027
Research from ReportLinker finds that the global AI in Healthcare Diagnosis market will grow from $3.639 billion in 2019 to $66.811 billion by 2027 with a compound annual growth rate (CAGR) of 44 percent in the forecast period 2020-2027. According to the report summary:
The growth of the market is mainly attributed to factors such rising adoption of AI in disease identification and diagnosis, and increasing investments in AI healthcare startups. However, the lack of skilled workforce and ambiguity in regulatory guidelines for medical software are the factor hindering the growth of the market.
Sam Mowers, Investorideas.com
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