Investor Ideas, Trading Ideas and Stocks to Watch : #AIEye #Podcast 568: #Stocks discussed: (NYSE: $ACN) (NasdaqGS: $ALTR)

Monday, June 14, 2021

#AIEye #Podcast 568: #Stocks discussed: (NYSE: $ACN) (NasdaqGS: $ALTR)

#AIEye #Podcast 568: #Stocks discussed: (NYSE: $ACN) (NasdaqGS: $ALTR)

Accenture to Acquire umlaut, and Altair Engineering Announces SmartWorks

Global NLP Market to Reach $127.26B in 2028

Point Roberts WA, Vancouver BC – June 14, 2021 – 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:ALTR)

Accenture (NYSE:ACN) has agreed to acquire Germany-based engineering consulting and services firm umlaut. According to the press release, this “will significantly scale Accenture’s deep engineering capabilities to help companies use digital technologies like cloud, artificial intelligence, and 5G to transform how they design, engineer and manufacture their products as well as embed sustainability.” Accenture CEO Julie Sweet said:

"We predicted that digital would ultimately be applied at scale to the core of a company’s business – the design, engineering and manufacturing of their products. And, for nearly a decade Accenture has been building the unique capabilities and ecosystem partnerships to combine the power of digital with traditional engineering services. COVID-19 has accelerated the need for companies to transform these core operations, and umlaut’s leading and highly-specialized engineering services will enhance our ability to meet the accelerating demand and also continue innovating for our clients."

Simulation, high-performance computing (HPC), and artificial intelligence solutions provider Altair Engineering Inc. (NasdaqGS:ALTR) has announced the release of Altair SmartWorks, its next-generation, cloud-native platform to empower augmented, data-driven decision making. SmartWorks leverages AI, analytics, and IoT to “ensure production quality, develop connected product lines, optimize maintenance schedules, and implement recurring revenue models.” The company’s Founder and CEO James R. Scapa said:

"SmartWorks will disrupt the way businesses innovate and make decisions by making it easy to leverage AI and IoT in automation and analytics. For organizations strategizing their digital transformation efforts, SmartWorks is a future-proof accelerator and launchpad. It will help companies accelerate, innovate, and deliver."

Global NLP Market to Reach $127.26B in 2028

A report published by Fortune Business Insights finds that the global Natural Language Processing market will grow from $20.98 billion in 2020 to $127.26 billion in 2028 with a compound annual growth rate (CAGR) of 29.4 percent in the forecast period. An excerpt from the report’s summary reads:

NLP solutions/services are highly adopted in industry verticals such as healthcare, manufacturing, BFSI, advertising, automotive, etc… Robots have integrated NLP, helping to improve production efficiency and workflow in the manufacturing industry. Therefore, the adoption of these solutions are likely to rise in the near future.

Sam Mowers, Investorideas.com

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