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AI Eye Episode 398: Microsoft (NasdaqGS: $MSFT) Collaborating with Mastercard (NYSE: $MA) to Drive Digital Commerce Innovation and Nuance (NasdaqGS: $NUAN) DAX Being Adopted by Cooper University Health Care

 

Point Roberts, WA and Vancouver, BC - July 28, 2020 (Investorideas.com Newswire) 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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AI Eye Episode 398: Microsoft (NasdaqGS: $MSFT) Collaborating with Mastercard (NYSE: $MA) to Drive Digital Commerce Innovation and Nuance (NasdaqGS: $NUAN) DAX Being Adopted by Cooper University Health Care

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Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (NasdaqGS:MSFT) (NYSE:MA) (NasdaqGS:NUAN)

Microsoft (NasdaqGS:MSFT) has announced a collaboration with Mastercard (NYSE:MA) to drive innovation in digital commerce and startups. This will involve the leveraging of Microsoft's Azure and AI to "accelerate Mastercard Labs' cloud native research and development activities," and "commercialize emerging technologies and platforms for digital commerce." Ken Moore, executive vice president and head of Mastercard Labs, commented:

"We are thrilled to deepen our longstanding relationship with Microsoft by advancing the research, development and scaling of new technologies and business models. This strategic collaboration will strengthen and extend our cloud services and capabilities for clients and fintech partners, sparking innovation and creativity for the ecosystem. It will enable us to explore opportunities focused on new client segments, technologies and trends as we continue to drive financial inclusion and build the future of commerce."

Nuance Communications, Inc. (NasdaqGS:NUAN) has announced that Cooper University Health Care is "adopting the Nuance® Dragon Ambient eXperience™ (DAX™) ambient clinical intelligence (ACI) solution to transform physician-patient encounters, reduce physicians' administrative tasks, advance patient care with real-time knowledge automation, and enhance documentation in the electronic health record (EHR) system." Diana Nole, Executive Vice President and General Manager of Nuance Healthcare, explained:

"Cooper University Health Care is prioritizing patient care and physician satisfaction through innovative technology. Without any technology barriers, physicians have more focus and greater connections with patients. By putting the patient front and center and capturing all relevant clinical information, the result is high-quality patient care and appropriate reimbursement. Leveraging AI technology that addresses physician exhaustion and burnout from administrative tasks also overcomes the challenges associated with legacy physical scribe solutions that require another person in the exam room, is very expensive, has high turnover rates, and is not feasible during the pandemic."

Global Digital Transformation Market to Reach $3.394 Trillion by 2025

A report from Meticulous Research finds that the global Digital Transformation market will reach $3.294 trillion by 2025 with a compound annual growth rate (CAGR) of 22.7 percent in the forecast period 2019-2025. An excerpt from the report's description outlines the significant role AI will play in this market:

Today's evolving business landscape puts organizations under constant pressure to innovate making digital transformation a top priority for businesses. Artificial intelligence and robotics have become one of the prominent global economic drivers changing diverse sectors including healthcare, manufacturing, BFSI, retail as well as other sectors. According to International Data Corporation (IDC), by 2019, 40% of digital transformation initiatives will use AI services and by 2021, 75% of enterprise applications will use AI. According to the International Federation of Robotics, in 2017 the total worldwide stock of operational industrial robots significantly increased by 15% to 2,097,500 units. In addition, the annual sales volume of industrial robots increased by 114 % over the last five years (2013-2017) evidently prove the growth of robotic process automation (RPA) market. Perceptibly, growth in Artificial intelligence and RPA will encourage the growth of overall global digital transformation market in coming years.

Sam Mowers, Investorideas.com

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