The #AI Eye: SEW Signs Agreement to Utilize IBM ( $IBM) Cloud, Accenture ( $ACN) to Open Facility in South Africa
Global Spending on NLP to Reach $43.4 Billion USD by 2025
Point Roberts, WA and Vancouver, BC - February 6, 2019 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) 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: SEW Signs Agreement to Utilize IBM ( $IBM) Cloud, Accenture ( $ACN) to Open Facility in South Africa
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Global Spending on NLP to Reach $43.4 Billion USD by 2025
A recent report from market intelligence firm Tractica finds that global spending on Natural Language Processing (NLP) software, hardware and services will reach $43.3 billion USD by 2025. An excerpt from the report summary reads:
The ultimate promise of NLP technology is intent-based computing. When machines can understand and communicate with humans in natural (human) language, it democratizes data science, enabling humans to use common everyday language to complete a broad range of tasks from the simple and mundane such as auto-completing an online form to the most complex, such as writing software or optimizing a data network. NLP is a critical technology for extracting insights and analysis from a vast amount of previously unindexed and unstructured data; mining video and audio files, emails, scanned documents, and more.
SEW Signs Agreement to Utilize IBM Cloud, Accenture to Open Facility in South Africa and Datametrex AI Partners With Empower
Stocks discussed: (NYSE:IBM) (NYSE:ACN) (TSXV:DM) (CSE:EPW)
Global energy and water cloud platform provider Smart Energy Water (SEW) has signed a multi-million dollar agreement with IBM (NYSE:IBM). Through the agreement, SEW will leverage the IBM Cloud to scale its services and provide a common global infrastructure for their enterprise web and mobile applications. Brad Gammons, global managing director, IBM Energy, Environment and Utilities, said:
"Smart Energy Water is anticipating the major impact connected technologies will have on their customers business. By investing in data, their workers can do their job better than ever before and customers will have access to self-service capabilities that can help improve client service."
Accenture (NYSE:ACN) plans to launch a new Applied Intelligence Studio for Mining in Johannesburg, South Africa. According to the press release, "the studio will apply the latest in data science and artificial intelligence technologies with new data sources for real-time co-creation of innovative digital solutions that can help mining companies solve some of their hardest analytical problems". Rachael Bartels, a senior managing director who leads Accenture's mining business globally, explained:
"Volatile commodity prices, rising input costs and changing global demand for commodities require mining companies to rethink their strategies and business models to remain competitive. They are increasingly looking to apply advanced analytics to reimagine processes, unlock trapped value, and drive operational excellence in their businesses today and position themselves for growth tomorrow."
Datametrex AI Limited (TSXV:DM) has partnered with Empower Clinics Inc. (CSE:EPW) through the former's subsidiary Canntop AI Inc. on the creation of a pilot program using Artificial Intelligence to analyze and gain insights about Empower patient data, physician treatment recommendations and overall long-term efficacy of patient care. Empower Chairman and CEO Steven McAuley said:
"We believe using AI tools to analyze the substantial amounts of data in the Empower database and the additional data from the recently announced proposed Sun Valley acquisition can make Empower a data science leader in the Cannabis industry. The outcomes of our AI efforts with Datametrex are definitely going to position the Company as an educational leader and we plan to collaborate with the industry to ultimately improve patient care."
Sam Mowers, Investorideas.com
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