The #AIEye: Albertsons Companies Partners with Microsoft ( $MSFT) to Enhance Customer Experience and COFCO International Selects IBM ( $IBM) for Digital Integration and Transformation
#AGI Global Market to Reach $50.8 Billion by 2023 with 42% CAGR
Point Roberts WA , Vancouver BC – February 22, 2019 – 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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Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
AGI Global Market to Reach $50.8 Billion by 2023 with 42% CAGR
Research from Mind Commerce and published on In For Growth indicates that the Artificial General Intelligence (AGI) global market is projected to reach $50.8 billion USD by 2023 with a compound annual growth rate (CAGR) of 42 percent in the forecast period 2018-2023. An excerpt from the report summary reads:
Also known as Artificial General Intelligence (AGI), General Purpose Artificial Intelligence represents silicon-based Artificial Intelligence (AI) that mimics human-like cognition to perform a wide variety of tasks that span beyond mere number crunching. Whereas most current AI solutions are limited in terms of the type and variety of problems that may be solved, AGI may be employed to solve many different problems including machine translation, natural language processing, logical reasoning, knowledge representation, social intelligence, and numerous others.
Unlike many early AI solutions that were designed and implemented with a narrow focus, AGI will be leveraged to solve problems in many different domains and across many different industry verticals including 3D design, transforming customer service, securing enterprise data, securing public facility and personnel, financial trading, healthcare solution, highly personalized target marketing, detecting fraud, recommendation engines, autonomous vehicles and smart mobility, online search, and many other areas. AGI is rapidly evolving in many areas. However, scalability remains a challenge until that 2023 timeframe.
Albertsons Companies Partners with Microsoft to Enhance Customer Experience and COFCO International Selects IBM for Digital Integration and Transformation
Stocks discussed: (NasdaqGS:MSFT) (NYSE:IBM)
U.S. food and drug retailer Albertsons Companies is partnering with Microsoft (NasdaqGS:MSFT) to leverage the latter’s Azure and Azure AI to enhance customer experience. Albertsons Companies executive vice president and CIO Anuj Dhanda said:
"We are reimagining the future to serve customers in a way they want to interact with us across all channels. Our partnership has already produced an innovative way to save time at the gas pump. Microsoft's strengths in cognitive technologies, artificial intelligence and data science applied at scale at Albertsons Companies will transform the customer experience in our stores and digitally."
Agriculture supply chain company COFCO International has selected IBM (NYSE:IBM) to transform its business processes with the implementation of a new SAP (Systems, Applications and Products) platform. Cathy Rogerson, IBM Services Vice President for the CPG, Agribusiness and Retail industries in Europe, commented:
"IBM is thrilled to have the opportunity to help COFCO International achieve their vision of standardized end-to-end processes across their operations. With our IMPACT solution, we can quickly help to build an efficient, integrated supply chain and matching back end business processes which will give COFCO International's leadership visibility and control across their entire supply chain.”
Sam Mowers, Investorideas.com
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