Nuance became known for the creation of the speech recognition engine behind Siri. In recent years, the company has placed a strong focus on artificial intelligence solutions for healthcare and is now a full-service partner of 77 percent of US hospitals and trusts more than 500,000 physicians every day.
Earlier this year, Microsoft acquired Nuance with the promise of ushering in a “new era of results-based AI.” Microsoft is also active in the healthcare sector, and its acquisition of Nuance has been investigated by regulators for fear it could reduce competition.
In the end, regulators gave a thumbs up to the deal.
The EU regulator, for example, concluded that Nuance will continue to face stiff competition in the future, the data Microsoft wins will not give it an advantage in eliminating competitors and there will be no opportunity / incentive to limit existing solutions.
“Combining the power of Nuance’s deep vertical experience with proven business results in healthcare, financial services, retail, telecommunications and other industries with Microsoft’s global cloud ecosystems will allow us to accelerate our innovation and implement our solutions faster.” more seamlessly and on a larger scale to address our customers’ most pressing challenges, ”said Mark Benjamin, CEO of Nuance, during the acquisition of Microsoft.
Nuance says both companies are two of the most trusted and innovative technology organizations in the world. As such, he believes Nuance and Microsoft are able to promote a community anchored in collaboration with key leaders in health systems (LHS) and experts across the health ecosystem. This community will be The AI Collaborative.
“Our members have expressed their desire for a dedicated space for AI research in healthcare and its enormous potential for improving outcomes and clinical workflows,” said Rene De Silva, CEO of The Academy.
“We are excited to expand our partnership with Microsoft and Nuance to introduce The AI Collaborative, a new program at The Academy designed exclusively for clinical and operations managers who guide their organization’s approach to investing in AI as a strategic initiative.
AI Collaborative will bring together senior LHS leaders to understand their current and future needs and create the AI and ML innovations needed to meet them.
“The key to successful healthcare innovation using AI is a deep understanding of the issues you’re trying to solve and a focus on the results you want to achieve,” said Peter Durlach, Nuance’s chief strategic officer.
“With the combined expertise in Nuance and Microsoft’s engineering, market and domain, AI Collaborative can bring together a variety of technical, business and clinical stakeholders to prioritize the implementation of burnout solutions for clinicians, patient engagement and financial stability of the health system, while accelerating innovation in precision medicine, drug discovery, support for clinical solutions and other promising uses throughout the health ecosystem. “
The AI Collaborative will begin in September 2022 and will begin with a visit to Microsoft’s corporate headquarters. Future summits will be held in the future, at which stakeholders will learn how to best use patient-specific data and insights to increase care delivery, reduce care variations and support operational improvements.
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