Investor Ideas, Trading Ideas and Stocks to Watch : #AIEye Episode 423: Indeed Selects AWS (NasdaqGS: $AMZN) as Preferred Cloud and Leading Lens Manufacturer to Utilize #AI-Powered Celebros from Bridgeline Digital (NasdaqCM: $BLIN) for eCommerce

Tuesday, September 01, 2020

#AIEye Episode 423: Indeed Selects AWS (NasdaqGS: $AMZN) as Preferred Cloud and Leading Lens Manufacturer to Utilize #AI-Powered Celebros from Bridgeline Digital (NasdaqCM: $BLIN) for eCommerce

#AIEye Episode 423: Indeed Selects AWS (NasdaqGS: $AMZN) as Preferred Cloud and Leading Lens Manufacturer to Utilize #AI-Powered Celebros from Bridgeline Digital (NasdaqCM: $BLIN) for eCommerce

Global AI in Gov’t Valued at $4.904 Billion in 2019 with Investments Projected to Increase

Point Roberts WA, Vancouver BC – September 1, 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: (NasdaqGS:AMZN) (NasdaqCM:BLIN)

The world’s leading job site Indeed has selected Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), as its preferred cloud. The multi-year agreement will see Indeed “migrate more than 30 petabytes of data to AWS, moving its customer-facing products, business-critical workloads, and legacy databases to AWS.” Greg Pearson, Vice President, Worldwide Commercial Sales at AWS, said:

"Data is at the heart of Indeed’s business, and by moving its data platform to AWS, Indeed can leverage the broadest and deepest array of services, including analytics and machine learning, to fuel innovation and better match employers with prospective talent. Growing and streamlining its business on AWS will enable Indeed to remain lean and nimble as it creates new experiences for its users so that it can continue to lead the field for job search."

A leading lens manufacturer, unnamed in the press release, has selected Celebros Search from cloud-based digital experience firm Bridgeline Digital, Inc. (NasdaqCM:BLIN) to “enhance the site search capabilities of its ecommerce store and improve its online experience for customers.” Celebros leverages AI and Natural Language Processing (NLP) to enhance search capabilities, thereby making results more accurate. Ari Kahn, Bridgeline Digital CEO, commented:

“We're excited about this win because they can display products that will spark the highest interest from potential customers. This will help narrow the time from the decision-making to actual purchase.”

Global AI in Gov’t Valued at $4.904 Billion in 2019 with Investments Projected to Increase

A report published by Research and Markets finds that the global AI in Government market was valued at $4.904 billion in 2019, and projects an increase in investments during the forecast period 2020-2025. An excerpt from the report description reads:

They are increasingly investing in artificial intelligence (AI), spending budget and time on pilot programs for various AI applications while discussing with people in the [field] on the future implications of [the] technology for various public projects. The growing volume of big data is the major factor that is increasing the adoption of artificial intelligence (AI) technology across the government sector as it reduces the cost of storing and processing data.

Sam Mowers, Investorideas.com

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