The #AIEye: Microsoft (NASDAQ: $MSFT), Adobe (NASDAQ: $ADBE) and SAP (NYSE: $SAP) Reveal Details About Open Data Initiative and IBM (NYSE: $IBM) and Sandvik’s OptiMine Analytics is Revolutionizing the Mining Sector
#AI in Professional Services to Hit $996.1 Million in China by 2025, $1.884 Billion in U.S.
Point Roberts WA , Vancouver BC – April 1, 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
AI in Professional Services to Hit $996.1 Million in China by 2025, $1.884 Billion in U.S.
Research and Markets has published two new reports each looking at AI in the professional services market. One looks at the growth of the market in China, where it will record a compound annual growth rate (CAGR) of 25.9 percent in the forecast period 2019-2025 and will reach $996.1 million USD by 2025. The other looks at the market’s growth in the U.S., where it will reach $1.884 billion USD with a CAGR of 28.9 percent in the same forecast period.
Microsoft, Adobe and SAP Reveal Details About Open Data Initiative and IBM and Sandvik’s OptiMine Analytics is Revolutionizing the Mining Sector
Stocks discussed: (NasdaqGS:MSFT) (NasdaqGS:ADBE) (NYSE:SAP) (NYSE:IBM) (STO:SAND)
Microsoft (NasdaqGS:MSFT), Adobe, Inc. (NasdaqGS:ADBE) and SAP (NYSE:SAP) revealed details regarding their Open Data Initiative (ODI), that will “enable a new level of AI and machine learning enrichment to garner new insights and better serve customers”. An excerpt from the press release reads:
From the beginning, the ODI has been focused on enhancing interoperability between the applications and platforms of the three partners through a common data model with data stored in a customer-chosen data lake. This unified data lake is intended to allow customers their choice of development tools and applications to build and deploy services.
IBM (NYSE:IBM) and Sandvik Mining and Rock Technology’s (STO:SAND) OptiMine Analytics is helping clients develop a framework to shape offerings around data driven productivity and predictive maintenance in the mining sector. Jay Bellissimo, General Manager, Cognitive Process Transformation, IBM Global Business Services explained:
"Sensors and tracking systems for asset management is only the beginning when it comes to how artificial intelligence will disrupt the mining industry. Creating a solution that turns the data into actionable insights is a delicate matter. It requires an interdisciplinary effort spanning across mining technology, software engineering and data science. IBM and Sandvik are now on course to help transform the mining value chain with the fusion of cognitive capabilities into miners business and operating processes."
Sam Mowers, Investorideas.com
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