The #AIEye: Accenture (NYSE: $ACN) Selected to Assist in Spanish “Shipyard 4.0” with #AI, IBM (NYSE: $IBM) Announces Agreement with Greece’s AEGEAN Airline to Transform Through Cloud and AI, Virtusa (NasdaqGS: $VRTU) Announces New AR and AI Capabilities
AI Market in Telecom to Grow $2.54 Billion from 2019-2023
Point Roberts WA, Vancouver BC – December 5, 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:ACN) (NYSE:IBM) (NasdaqGS:VRTU)
Accenture (NYSE:ACN) has been selected to assist Spanish military and civilian vessel builder, Navantia, with the design, development and implementation of "Shipyard 4.0”. According to the press release, the Shipyard 4.0 platform will leverage “artificial intelligence (AI) to help Navantia accelerate ship design and development”. Donato Martínez, Navantia’s chief technology officer, said:
"Navantia is focused on improving operational efficiencies by developing digital twins of our key products and digitally connecting the entire value chain. By partnering with Accenture, a recognized leader in digital solutions, we can deploy our strategic plan with new technologies and products and provide higher value to our customers for decades to come."
IBM (NYSE:IBM) has announced a new agreement with Greek airline AEGEAN, that will see the latter leverage the former’s cloud capabilities to enhance customer service and business processes. AEGEAN Chief Information Officer, Aristeidis Kamvysis, commented:
“We feel confident that IBM is the strategic provider that will support our determination and willingness to innovate and achieve excellence at both an organizational and business process level. By utilizing IBM's most innovative technologies, such as cloud and AI, proven industry expertise and strong corporate culture, we will continue to provide even greater value for our customers, personnel and shareholders."
Virtusa Corporation (NasdaqGS:VRTU) is debuting new augmented reality (AR) and AI capabilities to improve the efficiency of field force workers. According to the press release, Virtusa’s Smart Field Force Management Platform uses AI to guide “resolution paths for frequently encountered issues”, and machine learning to train the system “to recognize 20,000 different devices”.
AI Market in Telecom to Grow $2.54 Billion from 2019-2023
A report from Technavio finds that the global AI market in Telecommunications will grow by $2.54 billion from 2019 to 2023, with a compound annual growth rate (CAGR) of 47 percent. An excerpt from the report snapshot reads:
The growing use of AI for efficient predictive maintenances is one of the key factors driving the growth of global artificial intelligence (AI) in the telecommunication market. According to industry experts, within the telecommunication sector, maintenance of equipment such as mobile towers is a critical element that has the ability to enhance equipment performance and enable cost saving. AI systems allow for more accurate predictions, collecting and analyzing data from multiple sources in order to predict equipment failure before it occurs. This allows telecom companies to minimize downtime and improve effectiveness. It is particularly helpful for mobile towers, providing surveillance to structures that are difficult to access.
Sam Mowers, Investorideas.com
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