The #AI Eye: Genpact (NYSE: $G) and Workday (NasdaqGS: $WDAY) Partner For Digital Transformation and Alteryx (NYSE: $AYX) Named Challenger in Gartner's 2019 Magic Quadrant
AI in Chips to Reach $91.19 Billion by 2025 at a CAGR of 45.4%
Point Roberts, WA and Vancouver, BC - January 31, 2019 (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: Genpact (NYSE: $G) (and Workday (NasdaqGS: $WDAY) Partner For Digital Transformation and Alteryx (NYSE: $AYX) Named Challenger in Gartner's 2019 Magic Quadrant
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
AI in Chips to Reach $91.19 Billion by 2025 at a CAGR of 45.4%
A report from Allied Market Research finds that the AI in Chips Market will grow from $4.51 billion in 2017 to $91.19 billion in 2025 with a compound annual growth rate (CAGR) of 45.4 percent in the forecast period. An excerpt from the report summary reads:
Artificial intelligence (AI) chips are specialized silicon chips, which incorporate AI technology and are used for machine learning. AI helps to eliminate or minimize the risk to human life in many industry verticals. The need for more efficient systems to solve mathematical and computational problems has been becoming crucial, as the volume of data has been increasing. Thus, the majority of the key players in the IT industry have focused on developing AI chips and applications. Furthermore, emergence of quantum computing and increase in implementation of AI chips in robotics drive the growth of the global AI chip market considerably. In addition, emergence of autonomous robotics‐robots that develop and control themselves autonomously‐is anticipated to provide potential growth opportunities for the market.
Genpact and Workday Partner For Digital Transformation and Alteryx Named Challenger in Gartner's 2019 Magic Quadrant
Stocks discussed: (NYSE:G) (NasdaqGS:WDAY) (NYSE:AYX)
Genpact Limited (NYSE:G), a professional services firm which focuses on digital transformation, has partnered with Workday, Inc.'s (NasdaqGS:WDAY) Advisory Services. This partnership will see Genpact focus on advising customers in their adoption of Workday Financial Management, enabling them to leverage Genpact Cora, an "AI-based digital platform to drive automation, analytics, and enhancement of core processes in areas such as accounts payable, accounts receivable, and travel and expense compliance and approvals." Alison Close, Research Manager, finance and accounting, BPaaS, and analytics services, International Data Corporation commented:
"Genpact has helped numerous clients drive business impact with intelligent automation in finance operations, and has a clear vision to speed companies' transformation initiatives. Given Workday and Genpact's expertise in finance and accounting processes, combined with Genpact's investments in machine learning and artificial intelligence, customers will be able to innovate their finance processes in Workday while also unlocking cost savings that drive competitive growth."
For the sixth consecutive time, Alteryx, Inc. (NYSE:AYX) has been named a Challenger in Gartner's 2019 Magic Quadrant for Data Science and Machine Learning Platforms. The press release explains the inclusion of Alteryx:
Alteryx enables the citizen data scientist and the collaboration between all data producers, changing the conversation around analytics as customers look for an end-to-end platform that can support their analytic journeys from beginning to end and from simple to sophisticated. The company achieved this position with a strategic focus on solidifying a platform that bridges the gap between the business and the data scientist; last year, delivering the general availability of Alteryx Promote, which allows enterprises to deploy, manage, and monitor production-based predictive and machine learning models, and the introduction of Visualytics, which provides real-time, interactive visualizations throughout the analytic workflow. In 2019, Alteryx will build upon its market leadership, prioritizing new features to help data scientists succeed and creating guided utility to help analysts improve their skill set and start building models.
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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