The #AIEye: Microsoft (Nasdaq: $MSFT) Rebrands ‘Flow’ as ‘Power Automate’ with Additional Capabilities and HPE (NYSE: $HPE) Combines Offering to Allow Cloud Advances
Industrial Automation Market to Hit $296.7 Billion by 2026
Point Roberts WA, Vancouver BC – November 4, 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: (NasdaqGS:MSFT) (NYSE:HPE)
Microsoft (NasdaqGS:MSFT) has rebranded its workflow automation software Flow as Power Automate, with additional robotic process automation (RPA) capabilities and virtual agents, according to VentureBeat. Charles Lamanna, CVP at Microsoft, told VentureBeat:
“You’ll be able to create a chatbot that can work inside of Teams, in a Facebook Group, [and] text message, as well as in a little control that you can embed in your application. You’ll be able to build entire experiences by clicking and dragging and dropping, without having to write any code.”
Microsoft has also partnered with FortressIQ, leveraging the latter’s computer vision, machine learning, and AI-powered platform that “will deliver the ability to programmatically create a flow or UI flow directly from within their service”. Pankaj Chowdhry, CEO and Founder, FortressIQ, commented:
“Microsoft’s RPA offering is a game-changer. We’re thrilled to be partnering with Microsoft to combine RPA and Power Automate with Fortress IQ’s AI-powered Process Discovery platform to significantly accelerate the path to and multiply the impact from automation.”
Hewlett Packard Enterprise Company (NYSE:HPE) has announced combined intelligence and composability offerings through the integration of its “artificial intelligence (AI) and machine learning-driven HPE Primera storage platform with the composability in HPE Synergy and HPE Composable Rack. According to the press release, this development will enable “customers to deliver services on an intelligent cloud platform, offering the flexibility to support any application and service level agreement (SLA) with cloud-like agility, extreme resiliency, and seamless scalability”. Mat Mathews, VP and GM, Composable Networking, HPE, said:
“Customers want more than table stakes software-driven automation, and only HPE offers the combination of software- and intelligence-driven automation in a composable solution, transforming on-premises infrastructure to be more cloudlike.”
Industrial Automation Market to Hit $296.7 Billion by 2026
A report from Fortune Business Insights finds that the global Industrial Automation market will grow from $157.05 billion in 2018 to $296.70 billion by 2026 with a compound annual growth rate (CAGR) of 8.4 percent in the forecast period. The report identifies AI and Industry 4.0 as a key driver in the market. An excerpt reads:
The increasing adoption of technologies such as industrial 4.0, artificial intelligence (AI) based smart robots, IoT, and others, helps to reduce the manufacturing cost and offer enhanced quality and reliability to the product. These factors are very important for companies to withstand a leading position in the competitive market. Key players are focused on mergers and collaboration to discover new opportunities by adopting IoT technologies.
Sam Mowers, Investorideas.com
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