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CaixaBank and Microsoft have signed a strategic joint innovation agreement intended to promote the application of Artificial Intelligence (AI) to new financial solutions, as well as to create new and innovative work environments in the metaverse.

The agreement will see the two companies start up an AI Innovation Lab, with particular involvement from CaixaBank Tech the tech company launched in 2021 to advance the technological evolution of the CaixaBank Group. This IT subsidiary of CaixaBank has a team of professionals specialising in the application of AI for the financial sector, as well as its own Centre of Excellence to promote innovation in this field. The new Laboratory, located in Barcelona, will work in coordination with Microsoft's AI Research and Development (R&D) hub also located in the city, which employs nearly a hundred software developers, data scientists and machine learning specialists.

Disruption in financial services through Artificial Intelligence

The AI Innovation Lab will focus on developing concept tests, prototypes and use cases to explore how the application of AI technologies can disrupt financial services.

Some of the first co-innovation projects identifiedwill focus on improving AI models by using new and emerging technologies that are currently being researched, as well as projects to incorporate AI into routine processes ('AI at Scale').

These initiatives will aim to improve efficiency, customer experience, cybersecurity and other areas. An example of these innovative projects is the creation of a cyberassistant that could help employees and back-office units to significantly reduce low-value-added tasks so they can devote more time to their main activities. Another possibility will be to explore how to improve user interface systems so that both customers and employees can communicate with the bank's technology using plain language.

CaixaBank and Microsoft will also work to create interactive virtual environments (metaverses) that offer immersive experiences, with applications improving customer and employee experience and in the implementation of hybrid work environments. The metaverse offers multiple possibilities in the financial sector, from the creation of a new interaction channel enhancing customer experience, to the creation of internal collaboration models in virtual branches, the incorporation and development of talent, and much more.

CaixaBank started to explore the use cases of AI in the financial sector more than a decade ago, and we have since become one of the most active players in terms of launching new products based on this technology, with projects that were global firsts and a dedicated team that is a benchmark nationally and abroad. Uniting forces with Microsoft in further researching AI will help us to accelerate product development and give us real solutions that rely on the most innovative technology in this field, making it available to our customers and employees",saysLuis Javier Blas Ageros, Media Director at CaixaBank.

"The combination of CaixaBank's in-depth knowledge of financial markets with Microsoft's experience in AI and other innovative technologies will make it easier to develop solutions that will transform the experience of financial services customers",statesAlberto Granados, president of Microsoft Spain.

CaixaBank is amongst the most innovative banks in the application of AI to financial services in Spain. The bank has been a worldwide pioneer in training conversational AI in Spanish and in implementing cognitive assistants to help employees and customers. CaixaBank is currently applying all the power of AI to develop tools for its managers and customers as well as for other strategic objectives, such as employee training.

Professional training to speed up innovation

As part of the co-innovation agreement between the two companies, CaixaBank and Microsoft will define a series of training curriculums for the professionals of the bank's technical and business departments, including theAI Business School for Financial Services, a training programme which aims to provide strategic knowledge on the impact of applying AI to financial services. Technical training on the cloud, security, data management and AI will also be enhanced.

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CaixaBank And Microsoft Establish Innovation Laboratory For Artificial Intelligence Solutions And The Metaverse - Exchange News Direct

Tribune News Service

Naina Mishra

Chandigarh, June 11

The Post Graduate Institute of Medical Education and Research (PGIMER), Chandigarh, has started a multi-institutional research project involving cancer patients using artificial intelligence (AI) tool, with Tata Memorial Hospital (TMH), Mumbai, AIIMS, New Delhi, and Rajiv Gandhi Cancer Institute, New Delhi, as the collaborating institutes.

All you will need to do is to upload a CT scan or pathology images in the software and the computer will automatically generate the report/diagnosis. It will act as a screening tool by differentiating normal from abnormal and, in turn, help in triaging cases that need expert opinion, saving a lot of time and money. Dr Mandeep Garg, Professor, Department of Radiodiagnosis, PGI

Through this project, the PGI will collect a dataset of cancer-related radiology and pathology images from Indian patients and store it digitally. The AI tools developed from this database will work with high precision on Indian patients. It will assist a general radiologist or a pathologist in providing accurate diagnosis and expert assistance, just with a click of the button.

All you will need to do is to load CT scan or pathology images in the software and the computer will automatically generate the report/diagnosis. It will act as a screening tool by differentiating normal from abnormal and in turn, help in triaging cases that will actually need the opinion of an expert saving lot of time and money, explained Dr Mandeep Garg, Professor, Department of Radiodiagnosis, who is the principal investigator of the project from the PGI, Chandigarh.

This is the first-of-its-kind project in India. Though there are many such open access databases available, which have tremendously helped cancer research in the West, but unfortunately, the experience of our scientists using images from these repositories is far from satisfactory as this data is primarily derived from western patients and dont directly replicate on Indian population. Hence it prompted us to create our own Indian database, said Dr Garg.

The database that we will create will have many advantages over the existing western databases as it will be much more informative and comprehensive. It will include both radiology DICOM images and pathology whole-slide images. We will be linking it with clinical, genetic, follow-up and treatment outcome information. It will also have expert-verified annotations in place, which is missing in other databases, Dr Garg added.

While early detection and treatment of cancer remains crucial for a favorable outcome, there is a severe shortage of qualified onco-radiologists and onco-pathologists in the country. This increases patients waiting time to arrive at a correct diagnosis leading to significant delay in the start of their treatment, said Dr Garg.

We have started collecting data of patients with lung, head and neck cancers. In the next phase will include other cancers like breast and prostate, Dr Garg added.

We hope this project will serve as a template for others to follow and pave the way for similar initiatives not only in healthcare, but in several other areas as well, said Dr MS Sandhu, head, Department of Radiodiagnosis.

Earlier, Dr Garg has did an AI-based research project with IIT- Kharagpur that was funded by the Department of Information Technology (DIT), Government of India. The current project is funded by the Department of Biotechnology (DBT), Government of India. This project was initiated by Dr Swapnil Rane from the TMH, Mumbai. Prof Amanjit Bal from the Department of Pathology and Dr Chirag Ahuja from the Department of Radiology are the other co-investigators of the project from the PGI.

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Now, cancer diagnosis just click away with artificial intelligence - The Tribune India

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Artificial Intelligence in Digital Genome Market by Technology Innovation and Growth 2022 - Digital Journal

DUBLIN, June 13, 2022 /PRNewswire/ --The "Global Healthcare Artificial Intelligence Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.

This report examines the role of artificial intelligence (AI) in the healthcare sector. Stakeholders across the healthcare continuum increasingly use AI to cater to the descriptive, diagnostic, predictive, and prescriptive aspects of care provision.

These aspects help improve healthcare delivery efficiency, provide personalized treatments to patients, and enhance clinical outcomes to improve patient and staff experience.

The study helps healthcare providers to understand the key trends emerging in the AI and healthcare space as they consider investing in cognitive capabilities. It provides an overview of AI and healthcare market growth drivers and restraints set to impact the deployment of AI-based solutions.

The study also highlights case studies and uses cases by end-user type - Payor/Provider, Medtech, Medical Imaging and Informatics, Pharma and Lifesciences IT, and Next-gen Diagnostics - in the healthcare market.

The report provides high-level insights on key AI-driven chatbots, natural language processing, and computer vision technologies. In addition, it discusses best practices and principles for the ethical use of AI in healthcare.

The report also guides technology vendors on charting their strategic priorities and building new capabilities to capitalize on emerging growth opportunities in the healthcare AI space.

Key Topics Covered:

1 Strategic Imperatives

2 Growth Environment

3 Growth Opportunity Analysis

4 Growth Opportunity Universe

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/zes0sx

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Global Healthcare Artificial Intelligence Report 2022: Future Growth Potential Enhanced by the Shift Toward Value-based Care - 69News WFMZ-TV

You've probably heard for years that the workforce would be supplanted by robots. AI has changed several roles, such as using self-checkouts, ATMs, and customer support chatbots. The goal is not to scare people, but to highlight the fact that AI is constantly altering lives and executing activities to replace the human workforce. At the same time, technological advancements are producing new career prospects. AI is predicted to increase the demand for professionals, particularly in robotics and software engineering. As a result, AI has the potential to eliminate millions of current occupations while also creating millions of new ones.

Among the many concerns that AI raises is the possibility of wiping out a large portion of the human workforce by eliminating the need for manual labour. But it will simultaneously liberate humans from having to perform tedious, repetitive tasks, allowing them to focus on more complex and rewarding projects, or simply take some much-needed time off.

These figures can make people feel uneasy and anxious about the future. However, history suggests that this may not be the case; there is no question that some industries will be transformed to the point where they no longer require human labour, leading toward job redefinition and business process reform. For eg, the diagnosis of many health issues could be effectively automated, making doctors focus on other major issues that need their attention. In terms of replacing humans completely, human labour is and will continue to be necessary for the foreseeable future.

Until now, we are talking about the jobs that can be snatched as technology advances but then, the human aspects of work cannot be replaced. Let's focus on something that they cannot do. There are some jobs that only humans are capable of performing.

There are jobs that require creation, conceptualization, complex strategic planning, and dealing with unknown spaces and feelings or emotional interactions that are way beyond the expertise of an AI as of now. Let's now talk about certain skills that are irreplaceable till the human race exist.1. Empathy is unique to humans: Some may argue that animals show empathy as well, but they are not the ones taking over the jobs. Humans, unlike programmed software designed to produce a specific result, are capable of feeling emotions. It may seem contradictory, but the personal affinity between a person and an organisation is the foundation of a professional relationship. Humans need a personal connection that extends beyond the professional realm to develop trust and human connection, something that bot technology completely lacks.2. Emotional Intelligence: Though accurate, the AI is not intuitive, or culturally sensitive because that's a human trait. No matter how accurately it is programmed to carry out a task, it cannot possess the human ability to adjust to the algorithm of human intellect. For instance, reading into the situation or the face of another human. It lacks emotional intellect which makes humans capable of understanding and handling an interaction that needs emotional communication. Exactly during your customer care service, one would always prefer a human interaction to read and understand the situation than an automated machine that cannot work or help beyond the programming.

3. Creativity: Perk of being human: AI can improve productivity and efficiency by reducing errors and repetition and replacing manual jobs with intelligent automated solutions, but it cannot comprehend human psychology. Furthermore, as the world becomes more AI-enabled, humans will be able to take on increasingly innovative tasks.

4. Problem-solving outside a code: Humans can deal with unexpected uncertainty by analysing the situation; like critical thinking during complex scenarios, and adopting

There is not even the slightest doubt that AI will not drive the future. To make AI work, humans need to be creative, insightful, and contextually aware. The reason for this is straightforward: humans will continue to provide value that machines cannot duplicate.

(Amarvijayy Taandur, CBO - BYLD group for Crucial Learning)

Read more:
Four skills that won't be replaced by Artificial Intelligence in the future - Economic Times