The #AIEye: AWS (Nasdaq: $AMZN) Selected by ProSiebenSat.1 Media, Accenture (NYSE: $ACN) Launches Cloud Platform myNav and NICE (Nasdaq: $NICE) Honored with Two Awards
Global #AI Market to Reach $190.61 Billion by 2025
Point Roberts WA, Vancouver BC – November 27, 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/11271AIEye-AMZN-ACN-NICE.asp
Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NasdaqGS:AMZN) (OTC:PBSFY) (NYSE:ACN) (NasdaqGS:NICE)
Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has been selected by Europe’s leading satellite and cable broadcaster ProSiebenSat.1 Media SE (OTC:PBSFY). According to the press release, ProSiebenSat.1 will leverage AWS in “improving the time to market of new applications, and introducing advanced analytics and machine learning (ML) technologies across its organization”. Nick Thexton, Chief Technology Officer of ProSiebenSat.1, said:
“AWS is a key strategic partner who has consistently driven cloud adoption for over a decade and is still setting the pace on what cloud services can do for media businesses. By moving more of our business to AWS and incorporating AWS’s ML services, we are able to enhance our agile software development practices and derive even more value from our large consumer data platforms.”
Accenture (NYSE:ACN) has launched myNav, described as “a cloud platform that helps organizations design and simulate different cloud solutions”. The press release indicates that myNav uses “an automated artificial intelligence (AI) engine to interact with Accenture’s library of collective cloud expertise and recommend an enterprise architecture and solution”. Bhaskar Ghosh, group chief executive of Accenture Technology Services, explained:
“We built myNav based on our knowledge repository of more than 30,000 cloud projects and over 80 industry solutions deployed worldwide in nearly every industry. myNav uses this repository to simulate optimal and scalable cloud architectures and solutions. By providing a more informed view and a calibrated cloud strategy for business transformation, myNav helps clients compete more effectively in today’s data-driven, cloud-enabled economy.”
NICE Ltd (NasdaqGS:NICE) has been honored by the Regulation Asia Awards for Excellence 2019 with two awards, including: “The Best Solution – Trade Surveillance” and “The RegTech Award – AI and Machine Learning.” Chris Wooten, EVP, NICE, commented:
“We have a strong commitment to the Asia Pacific region and are particularly honored to be recognized in these two categories this year. Once again, NICE Actimize’s holistic surveillance solutions emerge as clear leaders when it comes to solving complex challenges. Today’s regulations not only mandate monitoring of all communications across an organization but also require that these rules are addressed quickly and accurately. We continue to infuse our compliance and surveillance solutions with machine learning and other advanced technologies to support our clients as they meet regulatory demands and increase operational efficiency.”
Global AI Market to Reach $190.61 Billion by 2025
A report from Markets and Markets finds that the global AI market will grow to $190.61 billion by 2025 with a compound annual growth rate (CAGR) of 36.62 percent in the forecast period 2018 to 2025. An excerpt from the report description reads:
The market growth is mainly driven by factors such as the increasing adoption of cloud-based applications and services, growing big data, and increasing demand for intelligent virtual assistants. The major restraint for the market is the limited number of AI technology experts.
Elsewhere, the description outlines why the highest rate of growth is expected from the Asia-Pacific region:
The market in APAC is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing adoption of deep learning and NLP technologies in finance, agriculture, marketing, and law applications in APAC. Moreover, the presence of major players in [the] market ecosystem results in the increasing adoption of these systems in APAC.
Sam Mowers, Investorideas.com
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