The #AIEye: NICE (Nasdaq: $NICE) Selected by PSCU for Payments Operations Modernization and BrainChip (ASX:BRN) to Workshop Akida in Perth, Australia
Global Machine Learning as a Service (MLaaS) Market to Reach $5.54 Billion USD by 2023
Point Roberts WA, Vancouver BC – October 14, 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.
Listen to today’s podcast:
Read this in full at https://www.investorideas.com/news/2019/artificial-intelligence/10141AIEye-NICE-PSCU-BRN-Akida.asp
Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NasdaqGS:NICE) (ASX:BRN)
NICE Ltd (NasdaqGS:NICE) has been selected by Public Service Credit Union Ltd. (PSCU) to to modernize the latter’s expanding payments operations with the former’s fully automated and AI-powered investigations and case management platform, ActOne Extend. Craig Costigan, CEO, NICE Actimize commented:
“Known for its focus on innovation and commitment to service excellence, we are proud to have been selected to address PSCU’s specialized credit union requirements with our robust holistic platform for continued advancement in the future. NICE Actimize will support PSCU’s expanding credit union membership, as the organization continues to grow, with our advanced analytics and AI-infused platform. We are particularly excited to apply the resources of our investigations and case management experience as PSCU continues to streamline its operations.”
BrainChip Holdings Ltd (ASX:BRN) has announced a neural networking workshop using the Akida™ Development Environment (ADE). Akida is the firm’s spiking neural network “designed to provide a complete ultra-low power AI Edge Network for vision, audio and smart transducer applications”. A workshop on November 1 at the Ernst & Young facility at Tank Stream Labs in Perth, Australia will focus on “implementations of Convolutional Neural Networks converted to Event-Based Neural Networks and the development of Native Spiking Neural Networks”, according to the press release. BrainChip founder and CTO Peter van der Made said:
“We are excited to invite developers and data scientists to participate in the Akida Workshop. Akida is a revolutionary edge AI network technology and the AKD1000 is the first in a family of devices that is ultra-low power, high performance and a complete re-configurable network providing inference, training and learning. The reduction in system latency provides a faster response and a more power-efficient system that can reduce the large carbon footprint of data centers.”
Global Machine Learning as a Service (MLaaS) Market to Reach $5.54 Billion USD by 2023
A report from Allied Market Research finds that the global Machine Learning as a Service (MLaaS) market is projected to grow from $768 million in 2017 to $5.54 billion by 2023 with a compound annual growth rate (CAGR) of 39 percent in the forecast period 2016-2023. An excerpt from the report overview reads:
Machine learning as a service Market incorporates a comprehensive range of services and solutions and techniques interrelated closely to artificial intelligence (AI), which performs statistical analysis of input data to understand its current or future relationship and performance. Machine learning makes use of massive amount of input data to deliver improved analytical output while optimizing workflow for varied industry verticals. Machine learning as a service (MLaaS) incorporates range of services that offer machine learning tools through cloud computing services.
Growth in IT expenditure in the emerging nations and technological advancements for workflow optimization fuels the demand for advanced analytical systems, thereby driving the MLaaS market growth. In addition, rise in penetration of cloud-based solutions, growth associated with artificial intelligence and cognitive computing market, and increase in market for prediction solutions also fuel the demand for machine learning as a service market. However, dearth of trained professionals is expected to restrain the MLaaS market growth during the forecast period. Furthermore, increased application areas for MLaaS is expected to create lucrative opportunities for market expansion.
Sam Mowers, Investorideas.com
For a list of artificial intelligence stocks on Investorideas.com visit here or become an Investor Ideas member
About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change , Exploring Mining the AI Eye .
The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.
Visit the Podcast page at Investorideas.com:
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence is an original content brand of Investorideas.com
Contact Investorideas.com
800 665 0411
No comments:
Post a Comment