Philips Expands Collaboration with Amazon to Enhance HealthSuite Cloud Services
Royal Philips expanded its partnership with Amazon's (AMZN, Financials) cloud computing unit Amazon Web Services to improve its HealthSuite cloud services, focusing on integrated diagnostics and generative AI processes.
The alliance seeks to move Philips' integrated diagnostics portfoliowhich include cardiology, digital pathology, and radiologyinto the cloud. According to Philips, further cooperation with AWS will enable healthcare results to be improved, access to insights to be strengthened, and diagnosis processes to be unified. The firms want to expand these offerings from North and Latin America into Europe.
By means of a single, cloud-based platform, Philips and AWS want to simplify diagnosis procedures and let healthcare practitioners access imaging, pathology, and clinical data. Operating on AWS infrastructure, Philips' HealthSuite imaging is meant to offer remote diagnosis tools, care team communication, and simplified reporting. The system is already being used more than 150 hospital institutions across North and Latin America.
"The collaboration between Philips and AWS gives healthcare providers scalable, secure-by-design cloud-enabled solutions to accelerate healthcare innovation," AWS CEO Matt Garman said. "Combining Philips healthcare informatics portfolio with AWS generative AI capabilities gives clinicians access to imaging insights so they can deliver more effective and efficient care."
Using Amazon's Bedrock technology, Philips is attempting to include generative artificial intelligence into healthcare processes. Reducing administrative chores, automating repetitive operations, and freeing physician time for important decisions is the aim. Philips is also looking at conversational artificial intelligence technologies to simplify clinical reporting so radiologists may provide ordered diagnostic reports using natural language.
Commenting on Philips' idea of ambient reporting utilizing generative artificial intelligence, Edward Steiner, Chief and Medical Director of The York/WellSpan Advanced Prostate Care Center in the United States, estimated a 15-20% efficiency increase. "You simply could speak in a conversational tone and a structured report is generated within seconds," Steiner added.
At the Radiological Society of North America Annual Meeting, scheduled for Dec. 14 in Chicago, Philips will present its most recent informatics products.
This article first appeared on GuruFocus.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
31 minutes ago
- Bloomberg
Toyota Industries Shareholders Question Buyout at Annual Meeting
Toyota Industries Corp. held what could be its last annual meeting as a public company, after the Toyota group unveiled plans to privatize the maker of forklifts, textile looms and auto parts. While the ¥4.7 trillion ($32.4 billion) buyout bid by an entity led by Toyota Motor Corp. Chairman Akio Toyoda wasn't formally on the agenda Tuesday, it overshadowed the gathering near Nagoya, Japan, as shareholders aired their grievances and sought clarity about the proposal.
Yahoo
2 hours ago
- Yahoo
Top Stock Reports for Amazon.com, Walmart & Cisco Systems
Monday, June 9, 2025The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Inc. (AMZN), Walmart Inc. (WMT) and Cisco Systems, Inc. (CSCO). These research reports have been hand-picked from the roughly 70 reports published by our analyst team can see all of today's research reports here >>>Ahead of Wall StreetThe daily 'Ahead of Wall Street' article is a must-read for all investors who would like to be ready for that day's trading action. The article comes out before the market opens and attempts to make sense of that morning's economic releases and how they will affect that day's market action. You can read this article for free on our home page and can actually sign up there to get an email notification as this article comes out each can read today's AWS here >>> Pre-Markets Flat Ahead of CPI, PPI & Possible Trade DealsToday's Featured Research ReportsShares of have gained +14.3% over the past year against the Zacks Internet - Commerce industry's gain of +19.8%. The company's first-quarter results were driven by Prime and AWS momentum. Strengthening the AWS services portfolio and its growing adoption rate contributed well to AWS performance. Ultrafast delivery services and an expanding content portfolio were beneficial. Strengthening relationships with third-party sellers amounted to another positive. Robust advertising contributed well. Amazon's expanding global presence, growing capabilities in grocery, pharmacy, healthcare and autonomous driving are key positives. Deepening focus on GenAI is a major plus. The Zacks analyst expects 2025 net sales to increase 6.9% from Amazon announced mixed guidance for the second quarter. High tariffs imposed by President Trump on goods imported from China have cast uncertainty on retailers such as Amazon. AMZN's free cash flow has decreased significantly.(You can read the full research report on here >>>)Walmart's shares have outperformed the Zacks Retail - Supermarkets industry over the past year (+46.7% vs. +46.1%). The company benefits from the inherent strength of its highly diversified business model. Walmart's strong omnichannel strategy has boosted traffic at physical stores and digital platforms. The company's focus on improving delivery services is successful, leading to steady grocery market share gains. Upsides like these, along with growth in newer ventures like advertising and membership, fueled first-quarter fiscal 2026 results where earnings and revenues increased year over year and e-commerce sales surged. Despite a strong start to the year, Walmart expects potential hurdles in the coming quarters. The company withheld its fiscal second-quarter earnings outlook, citing uncertainty related to tariffs and a highly fluid economic environment. These tariff costs, even at reduced levels, are expected to push prices higher in the near term.(You can read the full research report on Walmart here >>>)Shares of Cisco Systems have outperformed the Zacks Computer - Networking industry over the past year (+48% vs. +47.4%). The company's business model has evolved with subscription revenues accounting for more than half of its total revenues. Increase in recurring revenue base bodes well for investors. The Splunk acquisition enhances its recurring revenue base. The buyout significantly expands Cisco's portfolio of software-based solutions, contributing more than $4 billion in ARR and makes it one of the largest software companies in the world. The launch of AI-powered Hypershield, which combines security and networking, strengthened Cisco's security portfolio. However, it has been suffering from sluggish networking sales, primarily due to lackluster demand from telecommunication and cable services providers, as well as stiff competition. Cisco's prospects are further challenged in the AI-driven networking space due to stiffening competition.(You can read the full research report on Cisco Systems here >>>)Other noteworthy reports we are featuring today include Ecolab Inc. (ECL), American International Group, Inc. (AIG) and DTE Energy Company (DTE).Mark VickerySenior EditorNote: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>> Today's Must Read Prime Momentum & Growing AWS Adoption Benefit Amazon (AMZN) Walmart (WMT) Benefits from Impressive E-Commerce Operations Cisco (CSCO) Benefits From Strong Security Products Adoption Featured Reports Innovation Drives Ecolab (ECL) Amid Ongoing Macro ChallengesPer the Zacks Analyst, Ecolab's pricing actions and innovation pipeline is likely to drive growth. Yet, cost fluctuations and macro uncertainties may weigh on margins. AIG Benefits From Divestitures Amid High Combined RatioPer the Zacks Analyst, business streamlining by selling low returning units and focusing on high growth units boosts operational capacities. However, a deteriorating combined ratio remains a concern. Infrastructural Investments Aid DTE Energy (DTE) Amid Poor SolvencyPer the Zacks analyst, DTE Energy makes systematic investments to maintain and upgrade the reliability of its infrastructure. Yet its poor financial ratios indicate weak solvency position. NetApp (NTAP) Gains from Strong Demand for Product PortfolioPer the Zacks analyst, NetApp's performance gains from traction in all-flash portfolio and first-party and marketplace cloud storage services. IT spending and volatile macro backdrop are headwinds. Residential Kitchen Unit Aids Middleby (MIDD) Amid High DebtPer the Zacks analyst, solid traction of Middleby's Residential Kitchen Equipment unit, fueled by strong demand for outdoor products, will continue to lend momentum to it. High debt remains a woe. Loan Growth, Rates Aid OneMain Holdings (OMF), Costs HighPer the Zacks analyst, loan growth, lower interest rates, diverse offerings, and a decent balance sheet will likely aid OneMain Holdings' financials. Yet, high costs and weak asset quality are woes. Operational Efficiency Aids Avis Budget (CAR), Costs HighPer the Zacks analyst, rising operational efficiency has improved profitability and enabled Avis Budget to maintain margins despite inflation. However, escalating expenses are worrisome. New Upgrades Branch Openings, Loans, High Rates Aid Cullen/Frost (CFR)Per the Zacks analyst, Cullen/Frost's branch expansion efforts in the Texas region will drive deposit and loan growth. This, along with high interest rates, will aid the company's top line. Robust Buyouts & Infrastructure Spending Benefits Dycom (DY)Per the Zacks analyst, Dycom's prospects are gaining from accretive buyouts, maintenance and operations services, and fiber infrastructure projects, indicating an upbeat near-term view. Blackbaud (BLKB) Gains on Strong Portfolio & Share BuybackPer the Zacks analyst, Blackbaud is gaining from a robust product portfolio, a steady share repurchases strategy, and margin expansion, which is contributing to growth momentum. New Downgrades Weak Crack Spreads and Margins Ail Eni's (E) Growth OutlookPer the Zacks analyst, E struggles with weak crack spreads, declining biofuel margins, and sluggish demand in its refining and chemical segments, all of which threaten its profitability. Escalated SG&A Costs Hurt Columbia Sportswear's (COLM) ProfitsPer the Zacks analyst, Columbia Sportswear is seeing higher SG&A costs. In the first quarter of 2025, the company's SG&A expenses were up 1.5% to $354.5 million. Paramount's (PARA) Prospects Suffer from Lower TV RevenuesPer the Zacks analyst, Paramount is suffering from TV Media revenue declines, rising costs and stiff competition in the streaming space from Netflix, Amazon and Apple TV+. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AMZN) : Free Stock Analysis Report Ecolab Inc. (ECL) : Free Stock Analysis Report Walmart Inc. (WMT) : Free Stock Analysis Report Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report DTE Energy Company (DTE) : Free Stock Analysis Report American International Group, Inc. (AIG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
3 hours ago
- Yahoo
Amazon Pledges $20 Billion for Pennsylvania Data Centers
Amazon (NASDAQ:AMZN) is set to pour $20 billion into Pennsylvania for new AWS data-center campuses, fueling its AI and cloud ambitions while creating over 1,250 high-skilled jobs. Warning! GuruFocus has detected 2 Warning Sign with AMZN. The first two innovation hubs will rise in Luzerne and Bucks countiesSalem and Falls townships respectivelywith additional sites under review, Governor Josh Shapiro said. Since 2010, Amazon has plowed more than $26 billion into Pennsylvania infrastructure and payroll, generating 27,000 direct jobs. This latest boost will also support thousands of roles across the AWS data-center supply chain and is paired with a $250,000 Amazon Northeastern Pennsylvania Community Fund for STEM, sustainability, digital skills, culture and health grants. One Luzerne facility sits alongside the Susquehanna nuclear plant owned by Talen Energy; Amazon's $650 million purchase of that site to tap up to 960 MW has drawn FERC scrutiny over grid-fairness and power allocation issuesthe first such case before the commission. Amazon and Talen must address concerns that shifting power to data centers could disadvantage other consumers and skirt grid-use fees. Amazon didn't immediately comment on FERC's review. Tech peers like Microsoft (NASDAQ:MSFT) and Meta (NASDAQ:META) are also investing billions in AI-ready data centers, but Amazon's Pennsylvania commitment stands out for its scale and local job impact. Why It Matters: Amazon's massive spend underscores the critical role of hyperscale data centers in supporting AI growth and confirms Pennsylvania's emergence as a cloud-computing hub. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
