The #AIEye: Oracle (NYSE: $ORCL) Makes #AI-Voice Available for Digital Assistant and NICE (Nasdaq: $NICE) Actimize Introduces AI-Powered SURVEIL-X
#AI Platforms Market to Grow $6.95 Billion by 2023
Point Roberts WA, Vancouver BC – September 18, 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:ORCL) (NasdaqGS:NICE)
Oracle Corporation (NYSE:ORCL) has announced the availability of its AI-trained voice for the Oracle Digital Assistant. This allows enterprise customers to use voice commands to simplify interactions and improve efficiency. According to the press release, the Oracle Digital Assistant “applies AI with deep semantic parsing for natural language processing (NLP), natural language understanding (NLU) and custom machine learning (ML) algorithms”. Suhas Uliyar, vice president, AI and Digital Assistant, Oracle, commented:
"Enterprises are demanding an AI-powered voice assistant that understands their specific vocabulary and enables naturally expressive interactions for its users. Most of all though, enterprises value a highly secure AI-powered voice assistant that stores their business' sensitive data in Oracle's second generation cloud infrastructure.”
NICE Actimize, a subsidiary of NICE Ltd. (NasdaqGS:NICE), is introducing SURVEIL-X, the industry’s first AI-powered, cloud-native, true holistic trade-related surveillance solution. SURVEIL-X combines AI-powered and traditional expert rule-based analytics with advanced visualization tools, all on a cloud-native platform. Chris Wooten, Executive Vice President, NICE, explained:
“For financial services organizations, surveillance capabilities have become a compliance necessity for detecting known regulatory risks. The only problem is that risk is a moving target, and the things you don’t know or uncover can also hurt your firm. With SURVEIL-X’s complete surveillance coverage, AI-powered analytics and anomaly detection, and its other next-generation surveillance capabilities, FSOs can move out ahead of the curve and insulate themselves from reputational damage and fines.”
AI Platforms Market to Grow $6.95 Billion by 2023
A report from Technavio projects that the global AI Platforms market will grow $6.95 billion USD from 2019 to 2023, with a compound annual growth rate (CAGR) of 28 percent in that same forecast period. An excerpt from the industry overview reads:
Enterprises across the world are increasingly adopting AI to upgrade their IT systems and empower their workforce. Many governments are also promoting the adoption of AI-based technologies through investments and the establishment of education programs to develop workforce with AI skills. For instance, in November 2018, Germany launched its digital strategy on AI called “AI Made in Germany” to fuel the economic and technological growth in the country. Several firms in the retail, BFSI, and manufacturing sectors are making significant investments in AI to automate business functions. They are also adopting AI bots, virtual assistants, digital payment advisers, and biometric fraud detection mechanisms to track consumer behavior and enhance their compliance with regulatory systems. The rising investments in AI by enterprises and government bodies will have a significant impact on the growth of artificial intelligence platform market size.
Sam Mowers, Investorideas.com
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