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AI Eye Episode 416: AstraZeneca (NYSE: $AZN) Collaborating with Renalytix AI (NasdaqGM: $RNLX) for Precision Medicine Strategies and Nuance (NasdaqGS: $NUAN) Advances Virtual Assistant Tech for Hey Epic! Voice Assistant

 

Point Roberts, WA and Vancouver, BC - August 21, 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 416: AstraZeneca (NYSE: $AZN) Collaborating with Renalytix AI (NasdaqGM: $RNLX) for Precision Medicine Strategies and Nuance (NasdaqGS: $NUAN) Advances Virtual Assistant Tech for Hey Epic! Voice Assistant

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

Stocks discussed: (NYSE:AZN) (NasdaqGM:RNLX) (NasdaqGS:NUAN)

Pharmaceutical giant AstraZeneca (NYSE:AZN) and artificial intelligence diagnostics firm Renalytix AI (NasdaqGM:RNLX) are collaborating to develop and launch precision medicine strategies for cardiovascular, renal and metabolic diseases. According to the press release, "the first stage in the collaboration will use KidneyIntelX, an artificial intelligence-enabled in vitro diagnostic platform, to examine further improving outcomes for patients with chronic kidney disease (CKD) and its complications, in coordination with the Mount Sinai Health System." Barbara Murphy, Dean for Clinical Integration and Population Health Management at the Icahn School of Medicine at Mount Sinai, and board member of RenalytixAI, commented:

"We believe this collaboration will define how we can leverage KidneyIntelX to improve the care and outcomes for patients affected by chronic diseases, such as kidney disease, diabetes, and cardiovascular disease. By using a more personalized approach, our initial goal is to help realize improved outcomes for more than 240,000 patients with chronic kidney disease within the Mount Sinai Health System."

Nuance Communications, Inc. (NasdaqGS:NUAN) has announced "the advancement of Nuance's virtual assistant technology for customers using the Epic electronic health record (EHR)," integrating with Hey Epic! voice assistant. Peter Durlach, senior vice president, strategy and new business development, Nuance, said:

"We have long focused our conversational AI innovation on keeping a healthy balance for physicians and nurses between necessary administrative tasks and their primary clinical work. Our virtual assistant and ambient intelligence solutions are not just addressing that balance - they are helping to power the digital transformation of healthcare."

Global Deep Learning Market to Reach $37.98 Billion by 2027

A report from Data Bridge Market Research finds that the global Deep Learning market is projected to reach $37.98 billion by 2027 with a compound annual growth rate (CAGR) of 34 percent in the forecast period 2020-2027. An excerpt from the report description reads:

Some of the factors driving the market growth are: advancing computing potential, including diminishing device price, progressing enactment of cloud-based technology, penetration of deep learning practice in big data [systems], and increasing artificial intelligence acceptance in client-centric assistance.

During the [forecast period] some of the factor[s] [that] may hinder the market growth [include]: [the] developing complexity in tools due to complicated algorithms applied in technology, the need for technological experts and the deficiency of measures and customs. To overcome these hindrance[s], [the] existence of insufficient structured data is expected to boost the market for deep learning solutions, and [the] heightening expenditure in travel, hospitality businesses, and [the] healthcare industry will act as opportunity for the market growth.

Sam Mowers, Investorideas.com

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