The #AIEye Episode 367: HPE (NYSE: $HPE) Announced #AI-Driven Advancements for Primera and Nimble Storage, Honeywell (NYSE: $HON) and SAP (NYSE: $SAP) Team Up to Create Joint Cloud-Based Solution
Global AI Image Recognition Market to Grow by $6.2 Billion from 2020-2027
Point Roberts WA, Vancouver BC – June 11, 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:HPE) (NYSE:HON) (NYSE:SAP)
Hewlett Packard Enterprise Company (NYSE:HPE) has announced advancements to its HPE Primera and HPE Nimble Storage, including “an AI-driven, self-healing and self-optimized system that delivers real-time autonomous operations.” Omer Asad, VP and GM of HPE Primera and HPE Nimble Storage, explained:
"Now more than ever, to maintain business continuity, organizations must protect their data in order to operate efficiently and without disruption. HPE Primera and HPE Nimble Storage customers are able to accelerate innovation and adapt to the changing circumstances of their businesses, while also preserving cash flow via HPE GreenLake, without compromise to applications. HPE reduces risk, eliminates complexity and lowers costs associated with data protection, and has the world’s smartest storage that utilizes AI to self-optimize in real-time, giving customers the power to run their infrastructure with agility and reliability."
Honeywell International Inc. (NYSE:HON) is collaborating with SAP SE (NYSE:SAP) to create a joint cloud-based solution based on Honeywell Forge and SAP Cloud Platform “that will streamline and combine operational and business data to support better decision-making and drive greater efficiencies.” Christian Klein, CEO, SAP, explained:
"Our partnership will significantly change the game in digital and intelligent real estate management. Customers will greatly benefit from the single holistic view provided by our offering dashboard. With the addition of Qualtrics, companies can also collect employee sentiment data to provide a complete 360-degree experience measurement while optimizing occupant productivity, building performance and their entire real estate portfolio. With embedded artificial intelligence and data analysis, our solution will enable managers to determine their optimal office use and adjust their portfolios to reflect varying economic, environmental and regulatory conditions."
Global AI Image Recognition Market to Grow by $6.2 Billion from 2020-2027
A report published by Research and Markets finds that the global market for AI Image Recognition will grow by $6.2 billion from 2020-2027 with a compound annual growth rate (CAGR) of 25.4 percent in that forecast period. The following excerpt from the report’s description outlines the effects of COVID-19 and global economic uncertainties associated with China on the market’s growth:
Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the AI Image Recognition market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world’s second largest economy will grow at 22.6% over the next couple of years and add approximately US$734.2 Million in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing AI Image Recognition market landscape.
Sam Mowers, Investorideas.com
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