Microsoft acquires Nuance at $19.7 billion

Apr 13, 2021 | Vanshika Kaushik

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One of the biggest tech giants of this era Microsoft has acquired Nuance Communications, a company that uses conversational AI to deliver the best in healthcare,customer engagement and security. 

 

In a premium deal close to $19.7 billion Microsoft has purchased the stock of Nuance at $56 per share which is 23%higher than Nuance’s closing stock price (which was $45.58)(as on 11 April 2021).

 

Nuance has partnered with Microsoft in the past and their past partnerships have fostered a friendly relationship between both companies also giving Microsoft an insight about the working system of Nuance.

 

In an interview with CNBC, Satya Nadella CEO of Microsoft explained the prospect behind this billion dollar acquisition.He says AI and healthcare industries are inseparable now Nuance is making the best use of AI speech recognition and other features by helping patients in the dire state of emergency.

 

Not only this would help the patients in the emergency conditions but it will also help the medical professional to focus more on nurturing the relationships rather than wasting time scribbling about patient’s data on a notepad.

 

(Must check: Healthcare Data Analytics)

 

Nuance would be delivering first solutions to doctors, radiologists and the overall in various medical fields it would also allow Microsoft to focus on its major goal of making the optimum use of AI to deliver the best in healthcare.

 

While the focus in the past has been on voice recognition feature of AI,at the present moment Microsoft in addition to Nuance Communications would be using AI to build databases (they would keep a track record of patient’s medical history) which can be further used by medical professionals for the early diagnosis and giving treatment in the initial stages.

 

(Related article: AI in healthcare)

 

In the past Nuance has been behind Apple's voice recognition feature Siri, it has been delivering best for both the medical and the security sector by making the best use of AI.

 

Another major innovation in the medical field is DRAGON AMBIENT experience (by Nuance communications) which vows to give accurate documentation results via EHR (Electronic health record) using the real time AI which is coupled with automated documentation to give the best results.

 

According to an article by Indian Today, Microsoft can use Nuance’s technology to work on teams or its platforms such as Azure. Both the companies are excited about working together again, Nuance’s new blog also cites the positive aspects and draws attention towards what the world can expect from these two companies. 

 

(Check article: History of AI)

 

As said by Satya Nadella AI is the future and it's an important milestone for the healthcare sector to be using AI to deliver the best the world can expect some major surprises from Microsoft in the coming future.

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