The #AIEye: IBM (NYSE: $IBM) Expanding #Cloud to Canada with MZR and Honeywell (NYSE: $HON) Launching Honeywell #Robotics Center of Excellence
Global #AI in Agriculture Market to Hit $1.1 Billion USD in 2025
Point Roberts WA, Vancouver BC – October 24, 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:IBM) (NYSE:HON)
IBM (NYSE:IBM) is expanding its global cloud footprint, with specific plans to launch a new IBM Cloud multizone region (MZR) in Canada by late 2020. According to the press release the new MZR will be located in Toronto, and will be “designed to provide clients with access to globally consistent IBM public cloud services, from enterprise-grade infrastructure to AI services”. Ayman Antoun , President, IBM Canada, commented:
"As companies across Canada seek greater control of their data, this new capability will lead to improved resiliency, security and availability of the cloud platform right here on Canadian soil. Expanding our cloud capabilities with a new multizone region will ensure that clients have greater access to the broad range of IBM cloud services."
Honeywell International Inc. (NYSE:HON) has announced the creation of Honeywell Robotics, which will be a Pittsburgh-based “advanced technology center of excellence focused on innovating and developing artificial intelligence, machine learning, computer vision and advanced robotics for use across supply chains”. Joseph Lui, a robotics leader with expertise in digital data, autonomous technologies and the industrial Internet of Things, will run the center. He explained:
"As AI, machine learning and computer vision become commonplace, Honeywell Robotics will create innovative, breakthrough technologies to help customers alleviate skilled labor shortages, reduce safety risks and eliminate inefficient tasks. The use of technology – including advanced warehouse execution systems, 3D storage and sortation solutions to improve capacity and efficiency, and autonomous mobile robots – is just the start of the digital transformation in warehouses."
Global AI in Agriculture Market to Hit $1.1 Billion USD in 2025
A report from The Research Insights finds that the global AI in Agriculture market will grow from $240 million in 2017 to $1.1 billion by the end of 2025 with a compound annual growth rate (CAGR) of 20.8 percent in the forecast period. An excerpt from the report summary reads:
Artificial Intelligence (AI) in Agriculture Market size is being driven by the growing adoption of the robots in agriculture. Increasing consumption and rising requirement of better yield of crops are estimated to be one of the major factors that is fueling the demand of robots in agriculture. Increasing consumption motivates farmers to scale up farming operations and give rise to the requirement of automating farming operations. As the farmers are shifting more towards automation, drones and robots have become integral part of agriculture farms and are enhancing yield and improving the product quality. Since AI is the backbone of robotics, increasing adoption of robots in agriculture is estimated to drive the AI in agriculture market growth.
Sam Mowers, Investorideas.com
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