NLP

Global A.I. Healthcare Market Expected to Expand at CAGR of 36.4% From 2024 to 2030

Retrieved on: 
Tuesday, April 9, 2024

PALM BEACH, Fla., April 9, 2024 /PRNewswire/ -- Experts universally see that the AI in the healthcare market will continue to reach new highs throughout this decade. A report from Grand View Research said that the global AI in healthcare market size was estimated at USD 22.45 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 36.4% from 2024 to 2030.  The report said: "Growing datasets of patient health-related digital information, increasing demand for personalized medicine, and rising need to reduce care expenses are some major drivers of market growth. The rising global geriatric population, changing lifestyles, and increasing prevalence of chronic diseases have contributed to a growth in demand for diagnosing and improved understanding of diseases in their initial stages. Artificial Intelligence (AI) and machine learning (ML) algorithms are being widely adopted and integrated into healthcare systems to accurately predict diseases in their early stage based on historical health datasets.  Furthermore, deep learning technologies, predictive analytics, content analytics, and natural language processing (NLP) tools are enabling care professionals to diagnose patient's underlying health conditions at an earlier stage. The COVID-19 pandemic positively influenced the demand for AI technologies and unearthed the potential of these advanced technologies. Healthcare systems widely adopted these technologies in the rapid diagnosis and detection of different virus strains and utilized personalized information in improving the management of the outbreak. AI/ML algorithms were utilized in the diagnosis sector wherein these technologically driven modules were trained with datasets of chest CT images, symptoms, pathological findings, and exposure history to diagnose COVID-19-positive patients rapidly and accurately."  Active tech companies in the markets this week include: Avant Technologies, Inc. (OTCQB: AVAI), NVIDIA Corporation (NASDAQ: NVDA), SoundHound AI, Inc. (NASDAQ: SOUN), CXApp Inc. (NASDAQ: CXAI), Marvell Technology, Inc. (NASDAQ: MRVL).

Key Points: 
  • A report from Grand View Research said that the global AI in healthcare market size was estimated at USD 22.45 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 36.4% from 2024 to 2030.
  • The COVID-19 pandemic positively influenced the demand for AI technologies and unearthed the potential of these advanced technologies.
  • Healthcare systems widely adopted these technologies in the rapid diagnosis and detection of different virus strains and utilized personalized information in improving the management of the outbreak.
  • This potent combination empowers healthcare and life sciences organizations to navigate the complexities of data and system interoperability with unprecedented efficiency.

Mapping The Future: Wavemaker China and YOYI TECH Unveil MarTech and AI Landscape

Retrieved on: 
Monday, April 8, 2024

In response to this need, Wavemaker China, and YOYI TECH jointly embarked on a project to analyze the MarTech and AI industry landscape (hereinafter referred to as the "Landscape") recently.

Key Points: 
  • In response to this need, Wavemaker China, and YOYI TECH jointly embarked on a project to analyze the MarTech and AI industry landscape (hereinafter referred to as the "Landscape") recently.
  • The MarTech and AI Industry Landscape provides an insightful entry point for industry peers to envision the future of MarTech.
  • The report covers four key content areas: the Synergy Graph between AI and MarTech, MarTech Companies' Focus Areas in AI, Specific AI Applications by MarTech Companies and an Overview of Leading AI and MarTech Companies.
  • Reflecting on the first synergy graph between AI and MarTech, Wavemaker China CEO Jose Campon observed, "AI serves as a magnet for MarTech companies.

CivicScience and Basis Technologies Power Political Ad Targeting and Measurement in First-to-Market Partnership

Retrieved on: 
Monday, April 8, 2024

The collaboration between CivicScience and Basis marks a significant milestone in audience targeting and media optimization.

Key Points: 
  • The collaboration between CivicScience and Basis marks a significant milestone in audience targeting and media optimization.
  • "We are thrilled to announce our partnership with Basis Technologies and the launch of this transformative solution," said John Dick, CEO of CivicScience.
  • "Basis Technologies and CivicScience are empowering marketers with capabilities to influence public opinion and sentiment, which is crucial in an election year where voters are fragmented and divided," said Tyler Kelly, president, Basis Technologies.
  • The partnership between CivicScience and Basis Technologies underscores a shared commitment to innovation and excellence in the advertising industry.

Auddia Announces Beta Program for Subscription Podcasting

Retrieved on: 
Thursday, March 14, 2024

BOULDER, CO, March 14, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Auddia Inc. (NASDAQ:AUUD) (NASDAQ:AUUDW) (“Auddia” or the “Company”), a proprietary AI platform for audio identification and classification and related technologies, reinventing how consumers engage with AM/FM radio, podcasts, and other audio content, today announced its new pay-per-play beta program for podcasters and networks.

Key Points: 
  • The program will treat podcast plays and downloads similar to streaming music, where content owners receive a direct payment based on how many streams they receive.
  • “For many podcasters, the economics are simply broken,” said Michael Lawless, CEO of Auddia.
  • Meanwhile, ad networks, ad servers and ad salespeople are taking a significant chunk of the gross revenue from podcast ads.
  • The Company is in talks with a number of potential partners and hopes to announce the first group of pay-per-play beta participants in the coming weeks.

Augmedix Announces New Positive Data and Enhancements to Its Ambient AI Product, Augmedix Go

Retrieved on: 
Tuesday, March 12, 2024

SAN FRANCISCO, March 12, 2024 (GLOBE NEWSWIRE) -- Augmedix (Nasdaq: AUGX), a leader in ambient AI medical documentation and data solutions, today announced new positive data and product enhancements for Augmedix Go , its ambient AI medical documentation product.

Key Points: 
  • SAN FRANCISCO, March 12, 2024 (GLOBE NEWSWIRE) -- Augmedix (Nasdaq: AUGX), a leader in ambient AI medical documentation and data solutions, today announced new positive data and product enhancements for Augmedix Go , its ambient AI medical documentation product.
  • Now supporting over 50 medical specialties, the Augmedix Go mobile app optimizes ambient AI technology to produce comprehensive draft medical notes in real time by processing the natural conversations between clinicians and patients.
  • Additionally, 94% of clinicians surveyed reported that Augmedix Go helps them better focus on their patients.
  • By utilizing multiple models that cross-check each other, Augmedix is delivering high quality notes that instill trust among clinicians.

Auddia Announces Partnership with Podcast Industry Leader, Sounds Profitable; Provides Update on Enhanced Podcasts

Retrieved on: 
Tuesday, March 12, 2024

BOULDER, CO, March 12, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Auddia Inc. (NASDAQ:AUUD) (NASDAQ:AUUDW) (“Auddia” or the “Company”), a proprietary AI platform for audio identification and classification and related technologies, reinventing how consumers engage with AM/FM radio, podcasts, and other audio content, today announced a partnership with Sounds Profitable, a leading research and advocacy firm in podcasting.

Key Points: 
  • “We’re delighted to kick off this partnership,” said Michael Lawless, CEO of Auddia.
  • The Company’s goals for the Enhanced Podcasts offering are to provide better economics for podcasters; more customization and control for users; and superior data and transparency for publishers.
  • This strategy allows Auddia to leverage its completed AI and NLP technologies for the podcasting industry at a much grander scale.
  • “We’re excited to share that story and the far more efficient economics that can be offered to potential partners in the podcasting space.”

ISG to Publish Reports on Next-Gen ADM Services, Solutions

Retrieved on: 
Friday, April 5, 2024

The study results on ADM services will be published in a series of comprehensive ISG Provider Lens™ reports, called Next-Gen ADM Services, scheduled to be released in October.

Key Points: 
  • The study results on ADM services will be published in a series of comprehensive ISG Provider Lens™ reports, called Next-Gen ADM Services, scheduled to be released in October.
  • At the same time, ISG will publish a second report, Next-Gen ADM Solutions, covering providers of low-code and no-code (LCNC) development tools.
  • “Harnessing the potential of ADM services and LCNC solutions, enterprises can now fast-track application development with unprecedented efficiency,” said Iain Fisher, director, ISG Provider Lens Research.
  • For the Next-Gen ADM Solutions study, ISG has distributed surveys to more than 80 providers of these platforms.

The Black Car Fund to Use Generative AI to Improve Reserve Accuracy and Lighten Claims Adjuster Workloads

Retrieved on: 
Thursday, April 4, 2024

CLARA Optics uses predictive AI, generative AI (GenAI), and large language models (LLMs) to automate medical records transcription, extract meaningful details, and deliver actionable insights to claims management personnel.

Key Points: 
  • CLARA Optics uses predictive AI, generative AI (GenAI), and large language models (LLMs) to automate medical records transcription, extract meaningful details, and deliver actionable insights to claims management personnel.
  • The AI platform is trained on a contributory database of millions of closed claims to provide a high level of predictive accuracy and broad benchmarking capabilities.
  • The generated insights enable the assignment of the right claim to the right adjuster at first notice of loss.
  • “CLARA’s AI platform will improve reserve accuracy and create greater efficiencies across our claims operation,” said Eric Hornick , Chief Claims Officer and Actuary at The Black Car Fund.

Emplifi Rolls Out 10 New AI-Powered Social Media Marketing And Customer Care Tools To Increase Efficiencies Across Departments

Retrieved on: 
Wednesday, April 3, 2024

Emplifi , a leading customer engagement platform, today announced ten new AI-powered solutions designed to help social media marketing and customer care teams increase efficiencies across their departments while creating more productive workflows.

Key Points: 
  • Emplifi , a leading customer engagement platform, today announced ten new AI-powered solutions designed to help social media marketing and customer care teams increase efficiencies across their departments while creating more productive workflows.
  • “For global marketing organizations and customer care teams with advanced operations, AI-powered workflows are a necessity to deliver exceptional customer experiences at scale.
  • AI-powered case and topic summarization for customer care solutions: This AI-powered feature quickly summarizes customer care cases and topics, producing succinct but detailed notes for each customer inquiry.
  • “Emplifi provides AI-powered solutions that enable social media and customer care teams to effectively reduce their workloads and automate workflows.

Cyara Named Winner in Best of Enterprise Connect Awards

Retrieved on: 
Monday, April 1, 2024

Cyara , the leading AI-powered Customer Experience (CX) Transformation Platform provider, announced today that Enterprise Connect, the leading conference and exhibition for enterprise communications and collaboration, has named Cyara a winner in the Best of Enterprise Connect awards in the Most Innovative Use of AI category.

Key Points: 
  • Cyara , the leading AI-powered Customer Experience (CX) Transformation Platform provider, announced today that Enterprise Connect, the leading conference and exhibition for enterprise communications and collaboration, has named Cyara a winner in the Best of Enterprise Connect awards in the Most Innovative Use of AI category.
  • The latest addition to Botium tackles the challenge of maintaining control and reducing risks, when adopting LLM-powered bots.
  • Janet Vito, SVP Marketing, Cyara said, “We're honored to win the Most Innovative Use of AI award for Cyara Botium.
  • With our team of experts, we continue to transform the industry with innovative CX solutions.”
    The Best of Enterprise Connect Awards Program recognizes excellence and innovation in the enterprise communications and collaboration industry.