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AI Eye Episode 427: iRhythm (NasdaqGS: $IRTC) Wins NHS Funding Through AI Healthcare Award and BlackBerry's (NYSE: $BB) QNX Platform to be Leveraged by StradVision

 

Point Roberts, WA and Vancouver, BC - September 8, 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 427: iRhythm (NasdaqGS: $IRTC) Wins NHS Funding Through AI Healthcare Award and BlackBerry's (NYSE: $BB) QNX Platform to be Leveraged by StradVision

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

Stocks discussed: (NasdaqGS:IRTC) (NYSE:BB)

Digital healthcare solutions firm iRhythm Technologies, Inc. (NasdaqGS:IRTC) has won the Artificial Intelligence (AI) in Health and Care Award in a competitive process run by the UK's NHS AI Lab, by "combining the power of artificial intelligence with the expertise of the NHS to improve health and care outcomes." The company will consequently receive NHS funding, which it will use to trial its Zio service, described in the press release as "a small, discreet and easy-to-use cardiac monitoring service, used to detect a range of arrhythmias quickly and accurately," which is underpinned by AI. iRhythm's GM and VP EMEA, Justin Hall, said:

"The UK is home to some of the most cutting-edge, life-changing medical technologies. However, it is still taking years for medical devices to go from clinical trial to wide-spread adoption, meaning neither patients nor practitioners are seeing the many benefits of these innovations. We're absolutely delighted to have been chosen as part of the pilot to change that."

BlackBerry Limited (NYSE:BB) has announced that AI-based camera perception technology leader StradVision has selected its QNX Software Development Platform for utilization within a number of next generation Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV) from South Korean automakers. Junhwan Kim, CEO, StradVision, commented:

"The competitiveness of SVNet lies in its flexibility with its broad hardware support and deep learning software for the advancement of safer driving. Leveraging BlackBerry technology will reinforce SVNet as one of the most reliable, safe and robust camera perception solutions for ADAS & Autonomous Vehicles, enabling us to bring more innovation and convenience to customers."

AI in Life Sciences Market to Reach $4.893 Billion by 2025

A report from Mordor Intelligence finds that the global AI in Life Sciences market will grow from $1.101 billion in 2019 to $4.893 billion by 2025 with a compound annual growth rate (CAGR) of 29.42 percent in the forecast period 2020-2025. An excerpt from the report snapshot outlines the impact of AI being leveraged for clinical trials:

Clinical trial research is an extensive progress, which can be reduced with the help of AI in numerous ways. One is by using advanced predictive analytics on a broad range of data to identify candidates for clinical trials for target populations more quickly. Additionally, machine learning applications can make clinical trials more efficient by facilitating tasks, such as calculating ideal sample sizes, facilitating patient recruitment, and using medical records to minimize data errors.

Sam Mowers, Investorideas.com

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