#AIEye #Podcast 642: #Stocks discussed: (NYSE: $KORE) (CSE: $RAIL.CN) (NasdaqGS: $MSFT); #ArtficialIntelligence
KORE Celebrates Successful Year Including AI Innovation, and Railtown AI Accepted into Microsoft Partner Network and Startups Program
Global Cognitive #CloudComputing Market to Reach $108.7B by 2027
Point Roberts WA, Vancouver BC – December 29, 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:KORE) (CSE:RAIL) (NasdaqGS:MSFT)
KORE Group Holdings, Inc. (NYSE:KORE) is celebrating a successful business year, with achievements including its listing on the New York Stock Exchange. Romil Bahl, President and CEO of KORE, commented:
"It has been impressive how the KORE team has stayed focused on our transformation despite the pandemic and our 'go public' effort. In 2021, we launched our first two industry practices, Connected Health and Fleet Management, and continued our leadership in IoT Connectivity with our modern technology platform, KORE One, and best-in-class IP in the areas of eSIM and core networks."
Pertinently, the company released KORE Fleet: In-Vehicle Video this year. An excerpt from the press release explains:
KORE introduced an innovative in-vehicle video solution with embedded artificial intelligence. The solution brings together a robust set of hardware options, device management tools, and API access – making it easier than ever for customers to deploy video-based fleet solutions. According to Automotive Fleet, 20 percent of a fleet's vehicles experience unplanned downtime due to accidents. The combination of live-streaming video and active audible alerts reduces risky driver behavior, reduces accidents and serves as an excellent training tool for fleet managers.
Railtown AI Technologies Inc. (CSE:RAIL) has announced that it has been accepted into both The Microsoft (NasdaqGS:MSFT) Partner Network and The Microsoft for Startups Program. Railtown’s CEO, Cory Brandolini, said:
"We've built Railtown's application with .Net developers in mind as first customers; attaining Microsoft Partner status will assist us greatly in getting in front of those customers. Additionally, the Microsoft for Startups Program will further assist in customer acquisition as we move forward through our early commercialization phase."
Global Cognitive Cloud Computing Market to Reach $108.7B by 2027
A report published by Research Dive finds that the global Cognitive Cloud Computing market will grow from $11.5 billion USD in 2019 to $108.7 billion by 2027, registering a compound annual growth rate (CAGR) of 31.3 percent in the forecast period 2020-2027. An excerpt from the report overview outlines the impact of the COVID-19 pandemic on the market, and the increasing implementation of natural language processing (NLP):
The coronavirus pandemic has had a desirable impact on the global cognitive cloud computing market size in 2020. This growth is due to the rising importance of natural language processing (NLP) techniques in the healthcare and pharmaceutical organizations to support healthcare professionals and scientists during the pandemic. These NLP techniques are the most advanced approach to better patient monitoring and patient care. Also, NLP techniques are an automated process and allow clinicians to more efficiently manage and monitor patient population by finding virus related symptoms in real time. This aspect has augmented the demand for NLP and is directly impacting the cognitive cloud computing method demand in healthcare systems.
Sam Mowers, Investorideas.com
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