Important Industry News
March 2017 Financial Technology, Data, and Analytics
Health Catalyst and Regenstrief partner to commercialize natural language processing technology.
Regenstrief Institute, which comes out of Indiana HIE, has developed an advanced version of nDepth; an acronym for NLP Data Extraction Providing Targeted Healthcare. The AI-powered text analytics technology has fine-tuned nDepth through extensive and repeated use of searching 230 million text records from more than 17 million patients. The core aim of the collaboration is to speed the process of patient care by unlocking the unstructured data within EMRs. Health Catalyst customers serve 85 million patients.
MD Anderson says good bye to IBM Watson.
On the heels of signing one of its largest deals with Cleveland Clinic in December of last year, IBM Watson loses its longtime friend, MD Anderson. The two companies signed a comprehensive agreement back in 2013 amid much fanfare. Apparently the health system lost over $60 million on the project which did not deliver the expected results. Although this is a sad outcome for IBM, we remain enthusiastic about the future of cognitive sciences in healthcare. IBM Watson is not the only game in town, there are better technologies built on more modern architecture. Watch the space.
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