The #AI Eye: Accenture (NYSE: $ACN) to Form Strategic Alliance with Zafin, Avnet ( $AVT) to Acquire Softweb Solutions
AI and IoT Convergence Market Forecast to 2023
Point Roberts, WA and Vancouver, BC - December 12, 2018 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) , in partnership with Gopher Protocol's (OTCQB: GOPH). Avant!, the latest innovation in machine learning, brings you today's edition of The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence.
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The #AI Eye: Accenture (NYSE: $ACN) to Form Strategic Alliance with Zafin, Avnet ( $AVT) to Acquire Softweb Solutions
Today's Column - The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
AI and IoT Convergence Market Forecast to 2023
A new report from ResearchAndMarkets on "Artificial Intelligence and Internet of Things Convergence" was published today. The report looks at the converging of the AI and IoT markets in a forecast period from 2018 to 2023. The research finds that IoT will make up 83 percent of the AI chipsets market by 2023, that Global AI in embedded IoT devices market will approach $26.2 billion USD by 2023, that the global general AI market will reach $50.8 billion USD by 2023 with 42 percent compound annual growth rate and much more. An excerpt from the report summary reads:
The convergence of Artificial Intelligence (AI) and Internet of Things (IoT) technologies and solutions (AIoT) is leading to thinking networks and systems that are becoming increasingly more capable of solving a wide range of problems across a diverse number of industry verticals.
AI adds value to IoT through machine learning and improved decision making. IoT adds value to AI through connectivity, signaling, and data exchange.
Accenture to Form Strategic Alliance with Zafin, Avnet to Acquire Softweb Solutions and Veritone Announces Agreement with Univision Communications to Use aiWARE Platform
Stocks discussed: (NYSE:ACN) (NasdaqGS:AVT) (NasdaqGM:VERI)
Accenture (NYSE:ACN) has entered an agreement to form a strategic alliance with financial services software company Zafin. Under the agreement, Accenture will serve as a preferred integrator of the Zafin financial software platform as part of a joint go-to-market strategy. Alan McIntyre, a senior managing director at Accenture said:
"Many financial institutions are hindered in enhancing their customer experience by the limitations of legacy IT systems. Zafin's software enables financial institutions to improve their pricing, personalization and product configuration without having to replace their legacy systems. We look forward to working with Zafin to deliver these capabilities to our financial services clients globally."
Avnet, Inc. (NasdaqGS:AVT) has announced that it will acquire software and AI company Softweb Solutions, Inc. According to the press release, the acquisition: "provides Avnet with a rapid design, development, and deployment capability that further enhances Avnet's unique end-to-end ecosystem and provides for new and recurring, margin-enhancing revenue opportunities."
Veritone, Inc. (NasdaqGM:VERI) has announced a multi-market agreement with Univision Communications Inc.'s Spanish-language radio network to use aiWARE platform for advertising and branded solutions. Veritone Co-Founder and President Ryan Steelberg commented:
"With our proprietary, AI-based platform, broadcasters like Univision are now able to provide their advertising customers new campaign verification capabilities and insights similar to those delivered by competing digital platform alternatives. We are excited for Univision to leverage the power of our aiWARE platform to provide added value around multi-language audio transcription, tracking, measurement, and verification for its radio advertisers."
Sam Mowers, Investorideas.com
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Gopher Protocol's (OTCQB: GOPH) Avant! is the latest innovations in machine learning and is targeted to empower Gopher Protocol's wide range of IoT and mobile technologies. Avant! can be integrated into wide range of applications in a variety of fields among these are business, medicine, engineering, analytics and more. Avant! learns and enhances its expertise based on wide range of data sources and on its own. www.avant-ai.com.
AI expert Dr. Danny Rittman, CTO of Gopher Protocol Inc. (OTCQB: GOPH) is a semiconductor designer with over twenty years of experience with companies such as Intel (NasdaqGS: INTC), DEC, IBM (NYSE:IBM), and Qualcomm (NasdaqGS: QCOM). He has worked on many prestigious Integrated Circuits projects, among them the Intel's Pentium Pro, DEC's Alpha chip and others. Danny was the founder and CTO of BindKey Technologies, an EDA corporation that was acquired by DuPont Photo masks.
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