AI Eye Episode 448: ZEISS Partners with Microsoft for Digital Cloud Transformation

Point Roberts, WA and Vancouver, BC - October 7, 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 448: ZEISS Partners with Microsoft (NasdaqGS: $MSFT) for Digital Cloud Transformation

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

Stocks discussed: (OTC:CZMWF) (NasdaqGS:MSFT) (NasdaqGS:NVDA) (NYSE:GSK)

Optics and optoelectronics manufacturer ZEISS Group (OTC:CZMWF) has entered a multi-year strategic partnership with Microsoft (NasdaqGS:MSFT) to accelerate its transformation into a digital services provider with a cloud first approach. In doing so, according to the press release, ZEISS will leverage Microsoft Azure's "high-performance compute, AI, and IoT services," "to provide original equipment manufacturers (OEMs) with new quality management solutions, enable microchip manufacturers to build more powerful, energy-efficient microchips, and deliver new digital healthcare solutions for improved clinical workflows, enhanced treatments, and device maintenance." Karl Lamprecht, ZEISS President and CEO, commented:

"As a global leader in optics and optoelectronics, ZEISS is committed to digitally enable its customers' business models, products, and services. We are proud to join forces with Microsoft in our quest to apply precision optics, IoT capabilities, artificial intelligence and machine learning to the most demanding processes in healthcare and manufacturing. Improving the patient's life and doctor's work and driving industrial quality assurance in the production process have always been top of mind for us. We are taking our expertise to the next digital level together with Microsoft, a leading innovator and provider of digital technologies."

NVIDIA Corporation (NasdaqGS:NVDA) has announced a partnership with healthcare and pharmaceutical giant GlaxoSmithKline (NYSE:GSK) and its recently-established London-based AI hub, to aid in the discovery of medicines and vaccines. Kim Branson, senior vice president and global head of AI and ML at GSK, said:

"Because of the massive size of the datasets we use for drug discovery, we need to push the boundaries of hardware and develop new machine learning software. We're building new algorithms and approaches in addition to bringing together the best minds at the intersection of medicine, genetics and artificial intelligence in the U.K.'s rich ecosystem. This new partnership with NVIDIA will also contribute additional computational power and state-of-the-art AI technology."

Global RPA Market to Reach $6.10 Billion by 2027

A report published by Fortune Business Insights finds that the global Robotic Process Automation (RPA) market will grow from $1.03 billion in 2019 to $6.10 billion by 2027 with a compound annual growth rate (CAGR) of 24.9 percent in the forecast period 2020-2027. The following excerpt from the report summary outlines the role of AI adoption in driving the market:

Robotic process automation is in demand by organizations to handle complex unstructured information and automate any business functionality from end to end. Companies are combining artificial intelligence as well as cognitive technologies with RPA to extend the horizons of business process automation. These tools automatically observe the work activities, recognize optimal workflows, and suggest an automation path to the business.

RPA combined with artificial intelligence access unstructured information such as audio, video, and human chat conversation to make end-to-end automation possible.

Sam Mowers, Investorideas.com

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