The #AIEye: Accenture (NYSE: $ACN) Teams with Microsoft (NasdaqGS: $MSFT) to Maximize Entrepreneurs’ Social Impact, LogMeIn (NasdaqGS: $LOGM) Announces Enhancements to #AI-Powered Bold360 Suite
Global Deep Learning Market Could Grow $7.2 Billion from 2020-2024
Point Roberts WA, Vancouver BC – March 4, 2020 – 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) (NasdaqGS:MSFT) (NasdaqGS:LOGM)
Accenture (NYSE:ACN) is teaming with Microsoft (NasdaqGS:MSFT) to help entrepreneurs maximize social impact and sustainability. Specifically, the collaboration will pair Microsoft Research India with Accenture Labs, leveraging the former’s Center for Societal impact through Cloud and Artificial Intelligence (SCAI), to “focus on the areas of agriculture, education and healthcare,” initially engaging “with startups in Africa, the Middle East and South Asia.” Paul Daugherty, group chief executive-Technology and chief technology officer at Accenture, commented:
"Our experience shows that by applying emerging technologies to critical challenges facing society, we can accelerate social transformation. This collaboration is a great illustration of delivering on ‘value’ and ‘values’ — creating tangible business and social value while aligning with people’s values. By providing social impact entrepreneurs with direct access to the combined power of Accenture and Microsoft’s technology expertise, we can help significantly improve access, equality, inclusion, education, health, sustainability, and the environment."
LogMeIn, Inc. (NasdaqGS:LOGM) has announced enhancements to its AI-powered Bold360 customer engagement suite that will provide “improved real-time guidance and knowledge management tools to agents.” The improved suite includes: the Dynamic Customer Information Card, which shows agents real-time customer activity, Agent Statistics to spur internal motivation and improve agent performance, and Visitor Blocking, which allows agents to “stop communication with customers that conduct themselves improperly.” Ryan Lester, Senior Director of Customer Engagement Technologies at LogMeIn, explained:
“Agents know what makes customers happy, but they need better tools to deliver that experience and data to show them how to improve. With these Bold360 updates we’re able to empower agents with data: both the data they need to better serve customers and the data they need step up their own performance. The end result is greater productivity and, therefore, greater happiness among customers and agents.”
Global Deep Learning Market Could Grow $7.2 Billion from 2020-2024
A report from Technavio finds that the global Deep Learning market has the potential to grow by $7.2 billion from 2020 to 2024 with a compound annual growth rate (CAGR) of nearly 45 percent. An excerpt from the report snapshot outlines key drivers and trends anticipated:
Deep learning is popularly used in machine learning, which involves the use of artificial neural networks with several degrees of layers. Moreover, each of these layers has a certain degree of functionality and is mainly used for representing vast amounts of data to ease the process of decision making. Furthermore, the application of deep learning-powered applications widens as massive volumes of digital data are produced at an unprecedented rate across industries. Additionally, the increase in funding in the field of deep learning has encouraged several start-ups to apply this technology across a wide range of industry verticals. For instance, fraud detection, visual recognition, logistics, insurance, and agriculture are some of the application areas of deep learning. Therefore, the increasing number of startups, coupled with the widening application of deep learning, will drive the growth of the global deep learning market during the forecast period.
Sam Mowers, Investorideas.com
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