The #AIEye: NICE (Nasdaq: $NICE) Expands Microsoft (Nasdaq: $MSFT) Collaboration and Virtusa (Nasdaq: $VRTU) Announces “Life Sciences Competency” with AWS (Nasdaq: $AMZN)
Global Deep Learning in Machine Vision Market to Hit $997.27 Million by 2025
Point Roberts WA , Vancouver BC – July 15, 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
Stocks discussed: (NasdaqGS:NICE) (NasdaqGS:MSFT) (NasdaqGS:VRTU) (NasdaqGS:AMZN)
NICE Ltd. (NasdaqGS:NICE) is expanding its collaboration with Microsoft (NasdaqGS:MSFT) across multiple platforms. As part of this development, NICE Trading Recording, NICE inContact CXone and NICE Multi Channel Recording will be integrated into the Microsoft Teams unified communications platform. Chris Wooten, Executive Vice President of NICE Vertical Markets, commented:
“The relationship that is developing between NICE and Microsoft continues to be a success, so much so that it has expanded within the NICE portfolio. At NICE, we deliver innovative technology that empowers organizations to improve their customer experiences and ensure regulatory compliance. Microsoft understands the value that our broad portfolio brings to the table and has engaged with NICE to drive customer experience and compliance initiatives all over the world.”
Virtusa Corporation (NasdaqGS:VRTU) has achieved Life Sciences Competency status with Amazon (NasdaqGS:AMZN) subsidiary Amazon Web Services (AWS). According to the press release, “Virtusa offers pre-built solutions, AI/ML, and blockchain models to map patient journeys and disease progression” and the company’s vLife platform is powered by AWS. Anthony Lange, senior vice president, Life Sciences, Virtusa, said:
“Virtusa’s Life Sciences practice leverages AWS to harness the power of data for improved patient outcomes. Combining our deep life sciences expertise with powerful AWS next generation technology capabilities, we build software that helps deliver better patient outcomes at a lower cost. Achieving AWS Life Sciences Competency status will help more Virtusa clients in the Life Sciences industry achieve their business goals by leveraging the agility of AWS.”
Global Deep Learning in Machine Vision Market to Hit $997.27 Million by 2025
A report from Data Bridge Market Research finds that the global deep learning in machine vision market will grow to $997.27 million USD by 2025. Within the market, image classification is projected to account for the highest market share at 60.5 percent. An excerpt from the report description reads:
There is an increase in demand for deep learning software in various manufacturing industries as the need for quality check and automation has increased. Moreover, growth in adoption of cloud-based applications for storage of the data is helping in the growth of the market. On the other hand lack of technical expertise and absence of standard protocol for the manufacturing and development of software and varying demand of end user has hindered the growth of the market.
Sam Mowers, Investorideas.com
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