Archive for the ‘Artificial Intelligence’ Category

Artificial Intelligence In Healthcare Market Worth $120.2 Billion By 2028: Grand View Research, Inc. – PRNewswire

SAN FRANCISCO, June 1, 2021 /PRNewswire/ -- The global artificial intelligence in healthcare marketsize is expected to reach USD 120.2 billion by 2028 and is expected to expand at a CAGR of 41.8% over the forecast period, according to a new report by Grand View Research, Inc. Growing technological advancements coupled with an increasing need for efficient and innovative solutions to enhance clinical and operational outcomes is contributing to market growth. The pressure for cutting down spending is rising globally as the cost of healthcare is growing faster than the growth of economies. Advancements in healthcare IT present opportunities to cut down spending by improving care delivery and clinical outcomes. Thus, the demand for AI technologies is expected to increase in the coming years.

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Read 150 page research report with ToC on "Artificial Intelligence In Healthcare Market Size, Share & Trends Analysis Report By Component (Software Solutions, Hardware, Service), By Application (Robot Assisted Surgery, Connected Machines, Clinical Trials), And Segment Forecasts, 2021 - 2028" at:https://www.grandviewresearch.com/industry-analysis/artificial-intelligence-ai-healthcare-market

Moreover, the ongoing COVID-19 pandemic and the introduction of technologically advanced products to improve patient care are factors anticipated to drive growth further in the coming years. The ongoing COVID-19 pandemic is further driving the adoption of AI in various applications such as clinical trials, diagnosis, and virtual assistants to add value to health care by analyzing complicated medical images of patient's complications and supporting clinicians in detection as well as diagnosis. Moreover, an increase in the number of AI startups coupled with high investments by venture capitalist firms for developing innovative technologies that support fast and effective patient management, due to a significant increase in the number of patients suffering from chronic diseases, is driving the market.

In addition, the shortage of public health workforce has become a major concern in many countries around the world. This can mainly be attributed to the growing demand for physicians, which is higher than the supply of physicians. As per the WHO estimates in 2019, the global shortage of skilled personnel including nurses, doctors, and other professionals was approximately 4.3 million. Thus, the shortage of a skilled workforce is contributing to the demand for artificial intelligence-enabled systems in the industry.

Grand View Research has segmented the global artificial intelligence in the healthcare market on the basis of component, application, and region:

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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Artificial Intelligence In Healthcare Market Worth $120.2 Billion By 2028: Grand View Research, Inc. - PRNewswire

NIT-K to introduce B.Tech in Artificial Intelligence – The Hindu

The Department of Information Technology, National Institute of Technology Karnataka (NIT-K), Surathkal, has decided to start a new four-year B.Tech. course in Artificial Intelligence from the academic year 2021-22.

The Academic Senate, Board of the institute and the Union Ministry of Education have approved the course. Admissions will be through JEE (Main) score.

Karanam Uma Maheshwar Rao, Director, NIT-K, said in a release on Thursday that this degree would prepare students for industry or further study by offering specialisations in different areas of AI such as data science, human-centred computing, cyber-physical systems, and robotics.

Its curriculum will focus on the use of inputs such as video, speech, and big data to make decisions or enhance human capabilities.

Prof. Rao added: This specialisation empowers students to build intelligent machines, software, or applications with state-of-the-art technology using machine learning, data analytics, and data visualisation technologies.

The Director said that earlier Artificial Intelligence was a subset of Computer Science, but in recent years Artificial Intelligence has grown enough to qualify as a distinctive and a bigger unit. As a result, job opportunities for the undergraduates of B.Tech (AI) courses are different from conventional IT jobs.

He added that the new course is in conformance with the National Education Policy 2020, which stresses the need to improve the skilled workforce involving mathematics, computer science, and data science, in conjunction with multidisciplinary abilities across the sciences, social sciences, and humanities.

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NIT-K to introduce B.Tech in Artificial Intelligence - The Hindu

What We Should Know About Artificial Intelligence | Omri Hurwitz | The Blogs – The Times of Israel

Imagine for a second that you are reading an article, another article, not this one.

And that article is very well written, it is intriguing, it raises questions and counters with smart, thorough answers.

I have to know who the writer is! you tell yourself. You look next to the title and it is saying:Written by Jimmy an Artificial Intelligence Machine.

First, you dont understand, but you soon remember that there is this new AI (Artificial Intelligence) software that can write full-length articles. Well, not only articles, it can write novels, and even, deeply moving poems.

How does that make you feel? Knowing that a machine, a very smart one, had you moved this way? Made you laugh, made you cry, made you so very happy. Does it matter to you?

You might say: what do I care? As long as it helped me feel a certain way.

Well, if you are a writer, you do care. It is your job. You get paid to write, and if it takes a machine a few seconds to outwork you, then you are in trouble.

Let me tell you this though. You might be in another profession, another kind of artist, maybe a programmer, soon, if not already, there will be an AI software that can do what you do. Just faster. Much faster. So, what will you do when that happens?

You will be the person in charge of making sure the machine works properly. Until they invent a machine for that, and you will be the one making sure the machine, that oversees the other machine, is working properly. And it keeps ongoing.

In our current landscape, some of us get very excited when we hear about the new AI invention that is going to make our world much more productive. But lets not forget, this usually means that someone out there might need to adjust and find another thing to do in this world.

Dont get me wrong, there is some extremely amazing AI software out there that is extremely helpful for human lives. Most of them have much more pros than cons. And the world is surely in constant evolution.

With that being said, maybe we need to find a way to measure specific pros and cons to every new AI invention. This can help us know which is more likely to make our world better for us human beings, animals, plants, and trees.

We have to gain some rational clarity and morality on this subject. Because if dont, then there will be a machine that will make these decisions for us.

And that machine might be so smart, it decides, on its own, to make decisions based on what is better for its own sake.

Omri Hurwitz is a Tech Marketer and Media Strategist. His client portfolio consists of some of the leading companies and start-ups in Tech. He also has a show where he interviews leading personas from a variety of industries, to talk about the mental and mindful side of his guests and how it helps them in their personal & professional lives.

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What We Should Know About Artificial Intelligence | Omri Hurwitz | The Blogs - The Times of Israel

The potential of artificial intelligence to bring equity in health care – MIT News

Health care is at a junction, a point where artificial intelligence tools are being introduced to all areas of the space. This introduction comes with great expectations: AI has the potential to greatly improve existing technologies, sharpen personalized medicines, and, with an influx of big data, benefit historically underserved populations.

But in order to do those things, the health care community must ensure that AI tools are trustworthy, and that they dont end up perpetuating biases that exist in the current system. Researchers at the MIT Abdul Latif Jameel Clinic for Machine Learning in Health (Jameel Clinic), an initiative to support AI research in health care, call for creating a robust infrastructure that can aid scientists and clinicians in pursuing this mission.

Fair and equitable AI for health care

The Jameel Clinic recently hosted the AI for Health Care Equity Conference to assess current state-of-the-art work in this space, including new machine learning techniques that support fairness, personalization, and inclusiveness; identify key areas of impact in health care delivery; and discuss regulatory and policy implications.

Nearly 1,400 people virtually attended the conference to hear from thought leaders in academia, industry, and government who are working to improve health care equity and further understand the technical challenges in this space and paths forward.

During the event, Regina Barzilay, the School of Engineering Distinguished Professor of AI and Health and the AI faculty lead for Jameel Clinic, and Bilal Mateen, clinical technology lead at the Wellcome Trust, announced the Wellcome Fund grant conferred to Jameel Clinic to create a community platform supporting equitable AI tools in health care.

The projects ultimate goal is not to solve an academic question or reach a specific research benchmark, but to actually improve the lives of patients worldwide. Researchers at Jameel Clinic insist that AI tools should not be designed with a single population in mind, but instead be crafted to be reiterative and inclusive, to serve any community or subpopulation. To do this, a given AI tool needs to be studied and validated across many populations, usually in multiple cities and countries. Also on the project wish list is to create open access for the scientific community at large, while honoring patient privacy, to democratize the effort.

What became increasingly evident to us as a funder is that the nature of science has fundamentally changed over the last few years, and is substantially more computational by design than it ever was previously, says Mateen.

The clinical perspective

This call to action is a response to health care in 2020. At the conference, Collin Stultz, a professor of electrical engineering and computer science and a cardiologist at Massachusetts General Hospital, spoke on how health care providers typically prescribe treatments and why these treatments are often incorrect.

In simplistic terms, a doctor collects information on their patient, then uses that information to create a treatment plan. The decisions providers make can improve the quality of patients lives or make them live longer, but this does not happen in a vacuum, says Stultz.

Instead, he says that a complex web of forces can influence how a patient receives treatment. These forces go from being hyper-specific to universal, ranging from factors unique to an individual patient, to bias from a provider, such as knowledge gleaned from flawed clinical trials, to broad structural problems, like uneven access to care.

Datasets and algorithms

A central question of the conference revolved around how race is represented in datasets, since its a variable that can be fluid, self-reported, and defined in non-specific terms.

The inequities were trying to address are large, striking, and persistent, says Sharrelle Barber, an assistant professor of epidemiology and biostatistics at Drexel University. We have to think about what that variable really is. Really, its a marker of structural racism, says Barber. Its not biological, its not genetic. Weve been saying that over and over again.

Some aspects of health are purely determined by biology, such as hereditary conditions like cystic fibrosis, but the majority of conditions are not straightforward. According to Massachusetts General Hospital oncologist T. Salewa Oseni, when it comes to patient health and outcomes, research tends to assume biological factors have outsized influence, but socioeconomic factors should be considered just as seriously.

Even as machine learning researchers detect preexisting biases in the health care system, they must also address weaknesses in algorithms themselves, as highlighted by a series of speakers at the conference. They must grapple with important questions that arise in all stages of development, from the initial framing of what the technology is trying to solve to overseeing deployment in the real world.

Irene Chen, a PhD student at MIT studying machine learning, examines all steps of the development pipeline through the lens of ethics. As a first-year doctoral student, Chen was alarmed to find an out-of-the-box algorithm, which happened to project patient mortality, churning out significantly different predictions based on race. This kind of algorithm can have real impacts, too; it guides how hospitals allocate resources to patients.

Chen set about understanding why this algorithm produced such uneven results. In later work, she defined three specific sources of bias that could be detangled from any model. The first is bias, but in a statistical sense maybe the model is not a good fit for the research question. The second is variance, which is controlled by sample size. The last source is noise, which has nothing to do with tweaking the model or increasing the sample size. Instead, it indicates that something has happened during the data collection process, a step way before model development. Many systemic inequities, such as limited health insurance or a historic mistrust of medicine in certain groups, get rolled up into noise.

Once you identify which component it is, you can propose a fix, says Chen.

Marzyeh Ghassemi, an assistant professor at the University of Toronto and an incoming professor at MIT, has studied the trade-off between anonymizing highly personal health data and ensuring that all patients are fairly represented. In cases like differential privacy, a machine-learning tool that guarantees the same level of privacy for every data point, individuals who are too unique in their cohort started to lose predictive influence in the model. In health data, where trials often underrepresent certain populations, minorities are the ones that look unique, says Ghassemi.

We need to create more data, it needs to be diverse data, she says. These robust, private, fair, high-quality algorithms we're trying to train require large-scale data sets for research use.

Beyond Jameel Clinic, other organizations are recognizing the power of harnessing diverse data to create more equitable health care. Anthony Philippakis, chief data officer at the Broad Institute of MIT and Harvard, presented on the All of Us research program, an unprecedented project from the National Institutes of Health that aims to bridge the gap for historically under-recognized populations by collecting observational and longitudinal health data on over 1 million Americans. The database is meant to uncover how diseases present across different sub-populations.

One of the largest questions of the conference, and of AI in general, revolves around policy. Kadija Ferryman, a cultural anthropologist and bioethicist at New York University, points out that AI regulation is in its infancy, which can be a good thing. Theres a lot of opportunities for policy to be created with these ideas around fairness and justice, as opposed to having policies that have been developed, and then working to try to undo some of the policy regulations, says Ferryman.

Even before policy comes into play, there are certain best practices for developers to keep in mind. Najat Khan, chief data science officer at Janssen R&D, encourages researchers to be extremely systematic and thorough up front when choosing datasets and algorithms; detailed feasibility on data source, types, missingness, diversity, and other considerations are key. Even large, common datasets contain inherent bias.

Even more fundamental is opening the door to a diverse group of future researchers.

We have to ensure that we are developing and investing back in data science talent that are diverse in both their backgrounds and experiences and ensuring they have opportunities to work on really important problems for patients that they care about, says Khan. If we do this right, youll see ... and we are already starting to see ... a fundamental shift in the talent that we have a more bilingual, diverse talent pool.

The AI for Health Care Equity Conference was co-organized by MITs Jameel Clinic; Department of Electrical Engineering and Computer Science; Institute for Data, Systems, and Society; Institute for Medical Engineering and Science; and the MIT Schwarzman College of Computing.

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The potential of artificial intelligence to bring equity in health care - MIT News

Insights on the Artificial Intelligence in Marketing Global Market to 2028 – by Offering, Application, End-use – GlobeNewswire

Dublin, June 02, 2021 (GLOBE NEWSWIRE) -- The "Artificial Intelligence in Marketing Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Offering, Application, End-Use Industry, and Geography" report has been added to ResearchAndMarkets.com's offering.

The global artificial intelligence in marketing market was valued at US$ 12,044.46 million in 2020 and is projected to reach US$ 107,535.57 million by 2028; it is expected to grow at a CAGR of 31.4% from 2020 to 2028.

The rising adoption of customer-centric marketing strategies and increasing use of social media platforms for advertising are among the factors boosting the artificial intelligence in marketing market growth. However, scarcity of personnel well-versed with AI knowledge hinders the market growth. Further, surge in the adoption of cloud-based applications and services creates notable opportunities for the artificial intelligence in marketing market players.

The use of artificial intelligence in marketing helps the marketers to use customer's data to draw important insights of their buying behavior and preferences, among others. It is used in applications such as dynamic pricing, social media advertising, and sales & marketing automation. Artificial intelligence uses concepts such as machine learning to know these patterns, which helps companies to plan their next move accordingly. In the recent years, there has been an unprecedented increase in social media engagement . According to DIGITAL 2021, ~0.5 billion new users joined the world's social media networks in the beginning of 2021. Moreover, in January 2021, there were 4.20 billion social media users worldwide. This number has increased by 490 million in the last year, representing year-on-year growth of more than 13%. During 2020, more than 1.3 million new users joined the social media streams on average every day, i.e., ~15 new users every second.

Many companies have realized the platform's tremendous potential and are using it for ecommerce, customer support, marketing, and public relations, among others. Artificial intelligence have become an unintegral part social media networks today. Social networks such as Facebook, LinkedIn, Instagram, and Snapchat allow marketers to run paid advertising to platform users based on demographic and behavioral targeting. For instance, according to DIGITAL 2020, in January 2020, the potential number of people that marketers can reach using advertisements was 1.95 billion on Facebook, 928.5 million on Instagram, 663.3 million on LinkedIn, 381.5 million on Snapchat, 339.6 million on Twitter, and 169.0 million on Pinterest. Moreover, in January 2019, a total of US$ 89.91 billion was spent on social media ads. In the same month, the total global digital ad spend was US$ 333.3 billion, which accounts for 50.1% of the total global ad expenditure. Of the total digital ad spend, Google, Facebook, Alibaba, and Amazon accounted for 31.1%, 20.2%, 8.8%, and 4.2%, respectively. Thus, the increasing use of social media for advertising is bolstering the AI in marketing market growth.

Based on offering, the artificial intelligence in marketing market is segmented into solutions and services. In 2020, the solutions segment held the larger market share, and it is further projected to account for a larger share during 2021-2028. However, the services segment is expected to register a higher CAGR in the market during the forecast period.

The COVID-19 virus outbreak has been affecting every business globally since December 2019. The continuous growth in the number of virus-infected patients has governments to put a bar on transportation of humans and goods. However, on the contrary, COVID-19 on the other side is anticipated to accelerate private 5G and LTE adoption. Among B2C and consumer, the data consumption is expected to grow as social distancing continues. Also, the enterprises pivot to digital models and function virtually, the rate of data consumption will endure to boom and as result creating demand for establishing connectivity-centric ecosystem.

The Industrial Bank of Korea (IBK), European Association for Artificial Intelligence (EurAI), European Lab for Learning & Intelligent Systems (ELLIS), Organization for Economic Co-operation and Development, and Association for the Advancement of Artificial Intelligence (AAAI) are among the prime secondary sources referred to while preparing this report.

Key Topics Covered:

1. Introduction

2. Key Takeaways

3. Research Methodology3.1 Coverage3.2 Secondary Research3.3 Primary Research

4. Artificial Intelligence in Marketing Market Landscape4.1 Market Overview4.2 Ecosystem Analysis4.3 Expert Opinion4.4 PEST Analysis4.4.1 Artificial Intelligence in Marketing Market - North America PEST Analysis4.4.2 Artificial Intelligence in Marketing Market - Europe PEST Analysis4.4.3 Artificial Intelligence in Marketing Market - APAC PEST Analysis4.4.4 Artificial Intelligence in Marketing Market - MEA PEST Analysis4.4.5 Artificial Intelligence in Marketing Market - SAM PEST Analysis

5. Artificial Intelligence in Marketing Market - Key Industry Dynamics5.1 Market Drivers5.1.1 Rising Adoption of Customer-Centric Marketing Strategies5.1.2 Increasing Use of Social Media for Advertising5.2 Market Restraints5.2.1 Limited Number of Artificial Intelligence (AI) Experts5.3 Market Opportunities5.3.1 Growth in Adoption of Cloud-Based Applications and Services5.4 Future Trends5.4.1 Dynamic Personalized Ad Serving5.5 Impact Analysis of Drivers and Restraints

6. Artificial Intelligence in Marketing Market - Global Market Analysis

7. Artificial Intelligence in Marketing Market - By Offering

8. Artificial Intelligence in Marketing Market - By Application

9. Artificial Intelligence in Marketing Market - By End-Use Industry

10. Artificial Intelligence in Marketing Market - Geographic Analysis

11. Impact of COVID-19 Pandemic11.1 Overview11.2 Impact of COVID-19 Pandemic on Global Artificial Intelligence in Marketing Market11.2.1 North America: Impact Assessment of COVID-19 Pandemic11.2.2 Europe: Impact Assessment of COVID-19 Pandemic11.2.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic11.2.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic11.2.5 South America: Impact Assessment of COVID-19 Pandemic

12. Artificial Intelligence in Marketing Market - Industry Landscape12.1 Overview12.2 Growth Strategies Done by the Companies in the Market, (%)12.3 Organic Developments12.3.1 Overview12.4 Inorganic Developments12.4.1 Overview

13. Company Profiles13.1 Affectiva13.1.1 Key Facts13.1.2 Business Description13.1.3 Products and Services13.1.4 Financial Overview13.1.5 SWOT Analysis13.1.6 Key Developments13.2 Appier Inc.13.2.1 Key Facts13.2.2 Business Description13.2.3 Products and Services13.2.4 Financial Overview13.2.5 SWOT Analysis13.2.6 Key Developments13.3 Bidalgo13.3.1 Key Facts13.3.2 Business Description13.3.3 Products and Services13.3.4 Financial Overview13.3.5 SWOT Analysis13.3.6 Key Developments13.4 Novantas (Amplero), Inc.13.4.1 Key Facts13.4.2 Business Description13.4.3 Products and Services13.4.4 Financial Overview13.4.5 SWOT Analysis13.4.6 Key Developments13.5 CognitiveScale13.5.1 Key Facts13.5.2 Business Description13.5.3 Products and Services13.5.4 Financial Overview13.5.5 SWOT Analysis13.5.6 Key Developments13.6 SAS Institute Inc.13.6.1 Key Facts13.6.2 Business Description13.6.3 Products and Services13.6.4 Financial Overview13.6.5 SWOT Analysis13.6.6 Key Developments13.7 SAP SE13.7.1 Key Facts13.7.2 Business Description13.7.3 Products and Services13.7.4 Financial Overview13.7.5 SWOT Analysis13.7.6 Key Developments13.8 Salesforce.com, inc.13.8.1 Key Facts13.8.2 Business Description13.8.3 Products and Services13.8.4 Financial Overview13.8.5 SWOT Analysis13.8.6 Key Developments13.9 Oracle Corporation13.9.1 Key Facts13.9.2 Business Description13.9.3 Products and Services13.9.4 Financial Overview13.9.5 SWOT Analysis13.9.6 Key Developments13.10 IBM Corporation13.10.1 Key Facts13.10.2 Business Description13.10.3 Products and Services13.10.4 Financial Overview13.10.5 SWOT Analysis13.10.6 Key Developments13.11 Amazon Web Services13.11.1 Key Facts13.11.2 Business Description13.11.3 Products and Services13.11.4 Financial Overview13.11.5 SWOT Analysis13.11.6 Key Developments13.12 Adobe13.12.1 Key Facts13.12.2 Business Description13.12.3 Products and Services13.12.4 Financial Overview13.12.5 SWOT Analysis13.12.6 Key Developments13.13 Accenture13.13.1 Key Facts13.13.2 Business Description13.13.3 Products and Services13.13.4 Financial Overview13.13.5 SWOT Analysis13.13.6 Key Developments13.14 Microsoft Corporation13.14.1 Key Facts13.14.2 Business Description13.14.3 Products and Services13.14.4 Financial Overview13.14.5 SWOT Analysis13.14.6 Key Developments13.15 Xilinx, Inc.13.15.1 Key Facts13.15.2 Business Description13.15.3 Products and Services13.15.4 Financial Overview13.15.5 SWOT Analysis13.15.6 Key Developments

14. Artificial Intelligence in Marketing Market- Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/xrvozg

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Insights on the Artificial Intelligence in Marketing Global Market to 2028 - by Offering, Application, End-use - GlobeNewswire