Investor Ideas, Trading Ideas and Stocks to Watch : #AIEye Episode 419: HPE (NYSE: $HPE) Enhances Aruba ESP and WEX (NYSE: $WEX) Introduces #AI-Driven Chatbot for Health Division

Wednesday, August 26, 2020

#AIEye Episode 419: HPE (NYSE: $HPE) Enhances Aruba ESP and WEX (NYSE: $WEX) Introduces #AI-Driven Chatbot for Health Division

#AIEye Episode 419: HPE (NYSE: $HPE) Enhances Aruba ESP and WEX (NYSE: $WEX) Introduces #AI-Driven Chatbot for Health Division

Global Aerospace #Robotics Market to Reach $7.78 Billion by 2027

Point Roberts WA, Vancouver BC – August 26, 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:WEX)

Hewlett Packard Enterprise Company (NYSE:HPE) has announced enhancements to Aruba ESP (Edge Services Platform) involving the unification of its IoT, IT, and Operational Technology (OT) networks. According to the press release, “these enhancements to the Aruba ESP cloud-native, AI-powered platform are integral to sensing, analyzing, and reacting to device data and contextual information.” Will Townsend, Senior Analyst, Moor Insights & Strategy, commented:

"Machines, applications, and interfaces are typically tailored to each IoT, IT and OT vertical application, driving complexity in network management. I have analyzed Aruba ESP and believe its architectural platform based on a unified infrastructure, zero-trust security, and AIOps has the potential to reduce complexity and accelerate smart facility and hyper-awareness use cases both on-prem and in the cloud."

Fintech service provider WEX Inc. (NYSE:WEX) has announced the introduction of its new AI-driven chatbot, Let’s Chat, which is “designed to enhance the personalized benefits account experience delivered by its Health division to 390,000 employers and more than 32 million consumers across the United States.” Matt Dallahan, senior vice president of product management at WEX’s Health division, explained:

"Our continuous investments in AI and analytics are great examples of our commitment to leveraging the latest technology to help our partners succeed. We are excited to add Let’s Chat to the platform alongside the in-depth benefit analytics and operational benchmarking we have delivered to the market for years. For the consumers we serve, this means quick, personalized answers and account assistance around the clock. And for our partners, it means cutting-edge technology and data to drive client satisfaction and retention while increasing the efficiency of service delivery."

Global Aerospace Robotics Market to Reach $7.78 Billion by 2027

A report published by Fortune Business Insights finds that the global Aerospace Robotics market will grow from $2.66 billion in 2019 to $7.78 billion by 2027 with a compound annual growth rate (CAGR) of 20.49 percent in the forecast period 2020-2027. The following excerpt highlights the prominent trend of AI in the market:

The use of artificial intelligence (AI) in aircraft maintenance has led to a decrease in aircraft maintenance cycles and aircraft failures. It can predict any maintenance failures on aircraft before any mishap occurs. Smart AI-based solutions for aircraft based on data from different types of sensors are being implemented by companies such as Airbus SAS. The company focuses on AI-based robots for applications such as autonomous machining, decision-making, collaborative robots (cobot) technology, and others. The aircraft manufacturers prefer cost-effective and faster robots in the manufacturing of the next-generation aircraft and maintenance, repair, and overhaul services. The concept of smart robots is an upcoming trend as robots are linked with AI and IoT based systems.

Sam Mowers, Investorideas.com

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