The #AIEye: Accenture (NYSE: $ACN) Announces Expansion of Google Cloud Partnership Into Indonesia, Wipro (NYSE: $WIT) Named #AI Leader
Global #AI in Transportation Market to Grow $1.87 Billion from 2017-2023
Point Roberts WA, Vancouver BC – September 6, 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: (NYSE:ACN) (NYSE:WIT) (TSXV:DM)
Accenture (NYSE:ACN) has announced the strategic expansion of its global partnership with Google Cloud into Indonesia. The collaboration will provide multi-channel customer interactions, improve data management, create services for hyper-personalization in marketing, sales and services, leveraging Google Cloud's data and AI capabilities, including Accenture's Contact Center AI (CCAI) solution. Seong Kim Ho, Country Managing Director for Accenture in Indonesia, commented:
"Indonesia's growing middle class consumers is the main reason for this expansion to Indonesia. We would like to help clients enable multi-channel customer interactions and improve access to self-service and issue resolution capabilities, while decreasing the cost to service each customer."
Wipro Limited (NYSE:WIT) has been named as a Leader in IDC MarketScape: Worldwide Artificial Intelligence Services 2019 Vendor Assessment. Jayant Prabhu, Vice President and Global Head, Data, Analytics & AI, Wipro Limited, commented:
“Being a leader in AI services market is a testament to our consulting driven approach to enable organizations transform into intelligent enterprises by leveraging our in-depth AI services. We help our customers in this transformation journey by leveraging a strong knowledge ecosystem to build scalable AI/ML capability coupled with innovative execution models such as crowdsourcing.”
Datametrex AI Limited (TSXV:DM) has introduced a Bot Detection service and upgraded its Fake News Filter. The two services dovetail as the Bot Detection service helps improve industry standards for detecting fake accounts on social media and their potential spreading of fake news stories. Jeff Stevens, President and COO of the Company, explained:
“These technology developments are a major milestone for the Company. Datametrex will be one of a select few AI companies that can offer this type of analysis and detection for governments, military, media, marketing and data collection agencies, and corporations to identify and manage fake news. We will never be able to prevent fake news and propaganda so having powerful tools to identify and manage the narrative is key for all stakeholders.”
Global AI in Transportation Market to Grow $1.87 Billion from 2017-2023
A report from Market Research Future finds that the global AI in Transportation market is projected to grow $1.87 billion from 2017 to 2023 with a compound annual growth rate (CAGR) of 18.03 percent in the same period. An excerpt from the market description reads:
AI is the next big technological innovation which is forecasted to revolutionize the transportation industry. The adoption of AI in transportation is predicted to enhance driver and vehicle safety. This is likely to drive the growth of the market in the forthcoming years as around 1.3 million deaths occur in road accidents every year.
Freight transport sector is crucial to the economic growth of a region. The intensified need for its enhanced operational efficiency has further paved the way for the integration of AI into the transportation sector. Additionally, the rising application of AI in railway cargo transportation has opened new avenues for growth opportunities. However, the expensiveness of AI hardware and systems remains an impediment to the market growth.
Sam Mowers, Investorideas.com
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