Why AIOps is critical for Pandemic business recovery

AIOps platform

Artificial intelligence for IT operations (AIOps) is the solution many businesses need to free up resources and return their focus to innovation. The data speaks for itself—the AIOps market was valued at $13.51 billion in 2020 and is expected to grow by more than 200% to $40.51 billion over the next five years. AIOps presents several benefits to enterprises, like automating mundane tasks, providing actionable reporting and improving risk management.

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Interactio, a remote interpretation platform, grabs $30M after seeing 12x growth during COVID-19

Interactio

Interactio, a remote interpretation platform whose customers include massive institutions like the United Nations, European Commission and Parliament along with corporates like BMW, JP Morgan and Microsoft, has closed a whopping $30 million Series A.

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Smart Investors support Enterprise AI that creates jobs and helps employees

AI life sciences

Entrepreneurs and investors regularly dismiss claims that artificial intelligence will replace people in the workplace. AI needs humans to function, they say, and AI doesn’t want to take the place of workers. This response rings hollow to critics, however, because the assumption remains that humans become an afterthought once leaders broadly deploy AI within an organization. And nobody, critics argue, should lead or invest in a business that puts people second.

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[Report] Fintech Assets experiencing increased demand as Big Data, AI, Data Analytics, Automation “Aggressively Disrupt” Sector

Pitchbook report

As the world economy continued to rebound during the first quarter of 2021 (after the COVID-19 induced lockdowns across the globe), so too did international mergers and acquisitions (M&A) activity, according to a new report released by Pitchbook. Wylie Fernyhough, Senior Analyst, PE Lead, Pitchbook, noted in the report that 8,753 deals closed during Q1 2021 for “a total of $917.7 billion.”

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Worksome pulls $13M into its high skill freelancer talent platform

Worksome

More money for the now very buzzy business of reshaping how people work: Worksome is announcing it recently closed a $13 million Series A funding round for its “freelance talent platform” — after racking up 10x growth in revenue since January 2020, just before the COVID-19 pandemic sparked a remote working boom. The 2017 founded startup, which has a couple of ex-Googlers in its leadership team, has built a platform to connect freelancers looking for professional roles with employers needing tools to find and manage freelancer talent.

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Huma, which uses AI and biomarkers to monitor patients and for medical research, raises $130M

Huma

Huma, which combines data from biomarkers with predictive algorithms both to help monitor patients, and uses the same technology to help researchers and pharmaceutical companies run clinical trials, has closed an equity round of $130 million, a Series C that the company can extend to $200 million by way of a $70 million debt line if it chooses.

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Kry closes $312M Series D after use of its telehealth tools grows 100% yoy

Kry

Swedish digital health startup Kry, which offers a telehealth service (and software tools) to connect clinicians with patients for remote consultations, last raised just before the pandemic hit in Western Europe, netting a €140M Series C in January 2020. Today it’s announcing an oversubscribed sequel: The Series D raise clocks in at $312M (€262M) and will be used to keep stepping on the growth gas in the region.

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IBM, Cleveland Clinic Begin 10-Year AI, Quantum, Cloud Partnership to Boost Clinical Research

IBM offices

Fueled by the need for faster life sciences and healthcare research, especially in the wake of the deadly COVID-19 pandemic, IBM and the 100-year-old Cleveland Clinic are partnering to bolster the Clinic’s research capabilities by integrating a wide range of IBM’s advanced technologies in AI, quantum computing and the cloud.

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KPMG: AI adoption is accelerating in the pandemic

KPMG rate of adoption

A survey published by KPMG today suggests that a large number of organizations have increased their investments in AI during the pandemic to the point that executives are now concerned about moving too fast. In fact, most of the survey respondents cited a definite need for increased AI regulation.
The survey covered 950 business decision-makers and/or IT decision-makers with at least a moderate amount of AI knowledge at companies with more than $1 billion in revenue.

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Supply chains are having a moment

Ship on the horizon with Sun

We are on the cusp of a golden age of technology-led innovation in supply chain. President Joe Biden issued an Executive Order on America’s Supply Chains on Feb. 24, in which he stated, “More resilient supply chains are secure and diverse — facilitating greater domestic production, a range of supply, built-in redundancies, adequate stockpiles, safe and secure digital networks, and a world-class American manufacturing base and workforce.

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How Artificial Intelligence can slow the spread of COVID-19

Robot-covid19

A new machine learning approach to COVID-19 testing has produced encouraging results in Greece. The technology, named Eva, dynamically used recent testing results collected at the Greek border to detect and limit the importation of asymptomatic COVID-19 cases among arriving international passengers between August and November 2020, which helped contain the number of cases and deaths in the country.

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Saltmine raises $20 million to automate office space design

People in a workspace

Commercial office space planning startup Saltmine today announced that it raised $20 million and formed a strategic partnership with real estate firm JLL. Saltmine, whose customers include Snowflake and Workday, says it plans to put the funding toward advancing its platform and expanding its global workforce.

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Can COVID Report verification become a more streamlined process with AI?

Passport

Amid the novel Coronavirus, one cannot help but worry about its spread while traveling. So, governments and healthcare providers have come up with a plan to verify the identities of customers along with their COVID reports. There are varying degrees of restrictions put in effect in many countries; for instance, the United Kingdom, France, Germany, Italy, and Greece pay heed to the same problem. The crux of these new regulations is …

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AI Tool emerges to accelerate COVID-19 Vaccines that battle new virus mutations

Covid mutations

A growing list of global COVID-19 variants is prompting disease researchers to employ AI models trained using bioinformatics data to speed up vaccine development in the critical search to find improved vaccines that can effectively fight the virus mutations.

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Nuance acquires Medical Voice Assistant Startup Saykara

Saykara Nuance

Nuance announced that it had acquired healthcare artificial intelligence startup Saykara for an undisclosed sum. The acquisition will bring the tech underlying Saykara’s voice assistant for doctors to Nuance’s conversational AI fro medical professionals, specifically the ambient clinical intelligence (ACI) designed to reduce doctor burnout.

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Community Health Network prescribes AI to combat COVID-19

AI is about to play a much larger role in identifying individuals who are at risk for contracting COVID-19 in Indiana. Community Health Network (CHN), an accountable care organization (ACO), revealed today that it is beginning to employ an AI platform from Jvion to analyze members’ electronic health care records that are stored in a platform from Epic Systems.

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Fourth quarter and 2020 annual review of Artificial Intelligence and Automated Systems

In 2020, companies and regulators faced unprecedented challenges as they navigated the COVID-19 crisis and a rapidly evolving set of issues and policy proposals on the regulation of Artificial Intelligence and Automated Systems (“AI”). After a slow start, the second half of 2020 saw a noticeable surge in AI-related regulatory and policy proposals as well as growing international coordination. We may be seeing an inflection point in AI governance, and 2021 is poised to bring consequential legislative and policy changes.

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AI and control of Covid-19 coronavirus

Artificial intelligence (AI) is being used as a tool to support the fight against the viral pandemic that has affected the entire world since the beginning of 2020. The press and the scientific community are echoing the high hopes that data science and AI can be used to confront the coronavirus and “fill in the blanks” still left by science.

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