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AI Eye Podcast 631: Stocks discussed: (NYSE: $IBM) (NasdaqGS: $NUAN)

IBM Watson Health Introducing AI Orchestration Offering for Imaging, and Nuance Launches Precision Imaging Network

 

Point Roberts, WA and Vancouver, BC - November 30, 2021 (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 Podcast 631: Stocks discussed: (NYSE: $IBM) (NasdaqGS: $NUAN)

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

Stocks discussed: (NYSE:IBM) (NasdaqGS:NUAN)

IBM (NYSE:IBM) has announced that Watson Health is introducing a new AI orchestration offering to help imaging organizations experience the benefits of having AI applications work seamlessly together. David Gruen, Chief Medical Officer of Imaging at Watson Health, said:

"We recognize that when it comes to applying AI in imaging, it's hard to go it alone. Because each AI application is developed in a unique way with a specific purpose, it can be challenging for organizations to review and assess each one, and then to deploy them in a way that's beneficial to radiologists and their patients. That's why, with the rapid proliferation of approved algorithms, staffing shortages, and complexity of disease, the IBM Imaging AI Orchestrator could not come at a better time."

Nuance Communications, Inc. (NasdaqGS:NUAN) has launched the Nuance Precision Imaging Network, described in the press release as "an AI-powered cloud platform that delivers patient-specific data and insights from diagnostic imaging into existing clinical and administrative workflows across the healthcare ecosystem." Peter Durlach, Chief Strategy Officer, Nuance, explained:

"Nuance recognizes that almost every patient story starts with a diagnostic image. The Nuance Precision Imaging Network is the only nationwide patient-centered diagnostic imaging platform that seamlessly delivers AI-generated patient information into the full array of clinical and administrative workflows across provider, payer, and life science use cases. By leveraging Nuance's unmatched scale in diagnostic imaging built up over the past 25 years and a robust partner ecosystem, the Nuance Precision Imaging Network establishes a common cloud-based framework that enables all stakeholders to apply rapid advances in imaging AI to improve clinical outcomes, financial performance, and efficiency across the entire patient journey from screening through follow-up."

Global Medical Imaging AI Applications Market to Reach Nearly $1.2B by 2025

A report published by Signify Research finds that the market for Medical Imaging AI applications is projected to grow from around $800 million in 2020 to almost $1.2 billion by 2025 with a compound annual growth rate (CAGR) of 26 percent. An excerpt from the report reads:

Despite the COVID-19 pandemic, there have been several positive developments for the medical imaging AI market in 2020 and 2021 (to date). These include new product launches (a record number of AI solutions received US-FDA clearance in 2020), new reimbursement codes (such as the New Technology Add-on Payment reimbursement for stroke imaging AI in the US), and the first wave of Class III NMPA approvals in China (permitting the use of medical imaging AI solutions for diagnostic purposes).

Sam Mowers, Investorideas.com

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