The #AIEye: AWS (Nasdaq: $AMZN) Selected as #AI, Cloud, ML Provider for Seattle Seahawks and FIS (NYSE: $FIS) Integrates IBM (NYSE: $IBM) Safer Payments for Fraud Detection
Global Conversational #AI Market to Reach $16.2 Billion by 2024
Point Roberts WA, Vancouver BC – November 25, 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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Read this in full at https://www.investorideas.com/news/2019/artificial-intelligence/11251AIEye-AMZN-FIS-IBM.asp
Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NasdaqGS:AMZN) (NYSE:FIS) (NYSE:IBM)
Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), is the cloud, machine learning, and artificial intelligence provider for the Seattle Seahawks, according to an announcement today. Chip Suttles, Vice President, Technology, Seattle Seahawks, explained:
“As our official cloud provider, AWS will enable the Seahawks to become a data-driven organization that uses the power of technology to fuel future championships. We chose AWS because of their relentless focus on innovation, their broad array of machine learning services, and proven experience in supporting large sports organizations and enterprises around the world at scale. AWS’s breadth and depth of services will help us to extract and pinpoint every possible advantage from the vast amount of data we collect, delivering the actionable insights we need to positively impact our decision-making.”
FIS (NYSE:FIS) has integrated the Safer Payments fraud detection solution from IBM (NYSE:IBM), leveraging “artificial intelligence and machine learning to monitor and detect fraudulent transactions”. Michael Curry, Vice President, IBM RegTech, commented:
“FIS is taking aggressive steps to protect its clients against new and evolving threats in the industry. IBM Safer Payments uses artificial intelligence designed to deliver insights and to quickly adapt to a changing threat landscape. This technology is yielding successful results for FIS and some of the world’s largest and most complex payment portfolios.”
Global Conversational AI Market to Reach $16.2 Billion by 2024
A report from Vynz Research finds that the global Conversational AI market will grow to $16.2 billion by 2024 with a compound annual growth rate (CAGR) of 29.2 percent in the forecast period 2019-2024. An excerpt from the report description outlines drivers in the market:
Global conversational AI market has been driven by several key factors, predominantly increasing demand for AI-powered customer support services, increasing adoption of artificial intelligence (AI) solutions in customer service application, continuous focus of government on spending in AI-based technologies in developed countries, increasing number of solution providers in the conversational AI market, and positive Return on Investment (ROI) for companies deploying conversational AI solutions.
Another excerpt outlines restraints in the market:
High deployment cost of AI-powered chatbots hindering the adoption in small and medium enterprises (SMEs), and low accuracy of AI Chatbots in handling customer queries are hindering the growth of the conversational AI market, globally.
Sam Mowers, Investorideas.com
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