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The AI Eye Episode 365: NICE (NASDAQ: NICE) Launches Trial Edition of RPA Studio and Virtusa (NasdaqGS: VRTU) Announces vLife Marketplace with AI Solutions for Healthcare and Life Sciences Organizations

 

Point Roberts, WA and Vancouver, BC - June 9, 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 Episode 365: NICE (NASDAQ: NICE) Launches Trial Edition of RPA Studio and Virtusa (NasdaqGS: VRTU) Announces vLife Marketplace with AI Solutions for Healthcare and Life Sciences Organizations

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

Stocks discussed: (NasdaqGS:NICE) (NasdaqGS:VRTU)

NICE Ltd. (NasdaqGS:NICE) has launched a trial version for its next-generation Automation Studio, NICE Robotic Automation Community Edition. This version will be free of charge for six months, and "helps boost development skills in both attended and unattended automations." Barry Cooper, NICE Enterprise Group President, commented:

"We are excited to see more and more developers turn to automation as their next career move. This is apparent in our growing RPA developer community, as well as the many new automation-related roles we see springing in the market. By bringing this free automation trial version, we are striving to make automation more accessible to today's work-from-home developers, who play a role in creating solutions for supporting their business and service operations."

Virtusa Corporation (NasdaqGS:VRTU) has announced the new vLife marketplace providing "Healthcare and Life Sciences organizations with click, try, and buy access to applications and solutions that will increase efficiency and lower costs, including for virtual care," even as these organizations face work restrictions imposed by COVID-19 measures. According to the press release, the marketplace "incorporates more than 500 AI-based technologies from Virtusa and partners," including "computer vision, synthetic data generation tools, platform AI, and faster AI algorithms to gain high-level understanding from data, digital images, and videos." Anthony Lange, SVP, healthcare and life sciences, Virtusa, said:

"COVID-19 has disrupted the Global Healthcare ecosystem. We prioritized our resources to launch vLife 4.0 to mitigate this disruption and enable our clients to engage with patients, members, and providers safely at scale while controlling costs."

Global NLP Market to Reach $80.68 Billion by 2026

A report from Markets and Markets finds that the global AI in Healthcare market will grow from $4.9 billion in 2020 to $45.2 billion by 2026 with a compound annual growth rate (CAGR) of 44.9 percent in the forecast period. An excerpt from the report description outlines key drivers in the market:

The major factors driving the market growth are the increasing volume of healthcare data and growing complexities of datasets driving the need for AI, the intensifying need to reduce towering healthcare costs, improving computing power and declining hardware costs, growing number of cross-industry partnerships and collaborations, and rising imbalance between health workforce and patients driving the need for improvised healthcare services. Another major factor fueling the market growth currently is the adoption of this technology by multiple pharmaceutical and biotechnology companies across the world to expedite vaccine or drug development processes for COVID-19.

Sam Mowers, Investorideas.com

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