Biotricity Unveils That Improved Margins Resulted From Latest Advancements To Its Proprietary Cardiac AI Cloud Platform And Announces Plans For Continued Expansion Of Its Cardiac AI Cloud
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Biotricity Inc. (NASDAQ:BTCY) announced the expansion of its Cardiac AI Cloud platform, leveraging advancements in AI to improve operational efficiency and margins. The company is developing a cardiac AI clinical model to support clinical decisions, with plans to file for FDA clearance by year-end. The healthcare AI market is expected to reach $208.2 billion by 2030, with remote patient monitoring anticipated to hit $96.67 billion. Biotricity's expansion includes partnerships with Google's TensorFlow and Amazon Web Services, aiming to enhance diagnostic accuracy and patient outcomes through predictive analytics and the analysis of over 500 billion heartbeats.
March 12, 2024 | 1:04 pm
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Biotricity Inc. is expanding its Cardiac AI Cloud platform, aiming for FDA clearance by year-end. This move is expected to enhance operational efficiency, improve margins, and potentially revolutionize cardiac care with predictive analytics.
The expansion of Biotricity's Cardiac AI Cloud platform and its plans for FDA clearance signal a significant step forward in leveraging AI for cardiac care. The company's partnerships with Google TensorFlow and AWS, along with its focus on predictive analytics and the analysis of extensive heartbeat data, position it to potentially lead in the healthcare AI market. This strategic move is likely to attract investor interest and could positively impact BTCY's stock price in the short term, given the growing demand for innovative healthcare solutions.
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