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The AI Eye: IBM (NYSE: $IBM) Watson Health Collaborating with EBSCO for Clinical Decision Support and Draganfly Selected by Windfall Geotek for AI-Driven UAS

 

Point Roberts, WA and Vancouver, BC - March 12, 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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The AI Eye: IBM (NYSE: $IBM) Watson Health Collaborating with EBSCO for Clinical Decision Support and Draganfly Selected by Windfall Geotek for AI-Driven UAS

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

IBM Watson Health (NYSE:IBM) has announced a strategic collaboration with EBSCO Information Services to enhance "clinical decision support (CDS) and operations for healthcare providers and health systems." The collaboration will see the combination of EBSCO's DynaMed solution suite with IBM's Micromedex with Watson into a hybrid solution called "DynaMed and Micromedex with Watson." According to the press release, "Micromedex with Watson is designed to use artificial intelligence (AI) and natural language processing (NLP) to bypass keyword searches in favor of a more conversational approach to searching drug content." Todd Nolen, General Manager, IBM Micromedex Solutions, IBM Watson Health, commented:

"When it comes to clinical decision support, content is king. Nearly nine out of 10 physicians in the US currently implement electronic health record technology. We believe DynaMed and Micromedex with Watson can deliver value and innovation to healthcare organizations, to help enable rapid access to high-quality medical evidence that is essential for clinicians as they work to provide safe and effective patient care within their clinical workflow."

UVS (Unmanned Vehicle Systems) and software creator Draganfly Inc. (CSE:DFLY) has been selected by AI and advanced knowledge-extraction leader Windfall Geotek Inc. (TSXV:WIN) to "help develop an Artificial Intelligence driven unmanned aerial systems (UAS) solution for landmine detection in the defense, humanitarian, and other sectors which the companies have expertise in." Dinesh Kandanchatha, Chairman of Windfall Geotek, said:

"We are extremely excited to be working with Draganfly to help enhance our core product offering. AI and machine learning together can transform how mining exploration is done. When you add to it Draganfly's engineering expertise, their industry-leading products and technology we feel the possibilities in mining, oil and gas and military applications are endless."

Cameron Chell, CEO of Draganfly, commented:

"Windfall Geotek has been in business for over 15 years and their leadership has a proven track record. We are excited to be working with their team on a commercialization strategy that uses Draganfly drones, technology and expertise."

Global Wearable AI Market to Reach $69.51 Billion by 2026

A report from Allied Market Research finds that the global Wearable AI market will grow from $10.63 billion in 2019 to $69.51 billion by 2026 with a compound annual growth rate (CAGR) of 26.5 percent. An excerpt from the report overview outlines some of the market drivers:

The dynamics such as growth in adoption of AI assistants, increased penetration of AI in the healthcare industry, advancement of IoT and integration of wireless technology drive the global wearable AI market. However, short life of smart wearables hampers the market. Furthermore, AI assistance for animals and advancement in personal computing is expected to create lucrative opportunities for wearable AI during the forecast period.

Sam Mowers, Investorideas.com

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