#AIEye Episode 473: IBM (NYSE: $IBM) Announces Agreement with AMD (NasdaqGS: $AMD) for #AI, Hitachi Vantara, AWS (NasdaqGS: $AMZN) Expand Agreement for Lumada Industrial Solutions #artificialintelligence
Global Speech Analytics Market to Reach $3.8 Billion by 2025
Point Roberts WA, Vancouver BC – November 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:IBM) (NasdaqGS:AMD) (OTC:HTHIY) (NasdaqGS:AMZN)
IBM (NYSE:IBM) has announced a multi-year joint development agreement with Advanced Micro Devices, Inc. (AMD) (NasdaqGS:AMD) to enhance and extend both companies’ security and Artificial Intelligence (AI) offerings. This will involve the advancement of Confidential Computing – described as “a technology, enabled by hardware, that allows the data associated with a running virtual machine (VM) to be encrypted, including while workloads are running” – “in hybrid cloud environments and support a broad range of accelerators across high-performance computing (HPC), and enterprise critical capabilities such as virtualization and encryption.” Mark Papermaster, executive vice president and CTO, AMD, commented:
"This agreement between AMD and IBM aligns well with our long-standing commitment to collaborating with leaders in the industry. AMD is excited to extend our work with IBM on AI, accelerating data center workloads, and improving security across the cloud."
Hitachi Vantara, the digital infrastructure and solutions subsidiary of Hitachi, Ltd. (OTC:HTHIY) has announced an expanded Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN). This agreement will involve the expansion of Lumada digital solutions available to customers on AWS, and optimize business outcomes with IoT and AI. Doug Yeum, head of Worldwide Channel and Alliances, AWS, said:
“AWS is excited to be expanding and deepening our collaboration with Hitachi Vantara. This collaboration brings an end-to-end customer experience – consulting, system integration and AWS-based solutions – to industrial customers. Our shared customers can now reduce energy costs, detect and fix equipment issues faster, spot inefficiencies in manufacturing lines more accurately, and improve product quality and production output. I look forward to continue working with Hitachi Vantara to solve complex business problems for our shared customers in the industrial space leveraging innovative IoT, machine learning and data management solutions."
Global Speech Analytics Market to Reach $3.8 Billion by 2025
A report published by Research and Markets finds that the global Speech Analytics Market will grow from $1.5 billion in 2020 to $3.8 billion by 2025 with a compound annual growth rate (CAGR) of 20.2 percent in that forecast period. An excerpt from the report description reads:
Most of the enterprises leverage the speech analytics solutions to understand the conversational data generated and leverage the same to achieve operational efficiencies. Speech analytics solution providers offer end-to-end solutions to cater to the industry-specific requirements of verticals such as BFSI, retail and eCommerce, IT and telecom, manufacturing, travel and hospitality, healthcare and life sciences, government, media and entertainment, and others (education, transportation and logistics, and energy and utilities).
Sam Mowers, Investorideas.com
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