The AI Eye

The AI Eye
Watching stock news, deal tracker and advancements in artificial intelligence

Tuesday, July 16, 2019

The #AIEye: FICO’s (NYSE: $FICO) Customer Communication Services Used for SPDB’s Collection Business and NICE (Nasdaq: $NICE) #Robotic Process Automation Named Leader in Everest Group Report



The #AIEye: FICO’s (NYSE: $FICO) Customer Communication Services Used for SPDB’s Collection Business and NICE (Nasdaq: $NICE) #Robotic Process Automation Named Leader in Everest Group Report

Global #AI in Agriculture to See CAGR of 22.7% from 2018-2025



Point Roberts WA , Vancouver BC – July 16, 2019  – 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

(NYSE:FICO) (NasdaqGS:NICE)

Shanghai Pudong Development Bank (SPDB) (SSE:600000) has used Fair Isaac Corporation’s (FICO) (NYSE:FICO) Customer Communication Services (CCS) to boost collections performance while driving down business costs. Introduced to SPDB’s system in 2016, FICO’s CCS leverages intelligent automation and machine learning to improve efficiency and reduce risk associated with the former’s collection business. Sandy Wang, general manager for FICO in China, commented:

"SPDB continues to use big data, machine-learning and AI with confidence. The bank had already embraced these technologies for scoring, so it was a sensible extension to deploy them for customer collections as well. For their innovation with CCS in modernizing and digitize their banking services SPDB won our 2018 FICO® Decisions Award for Debt Collection."

NICE Ltd. (NasdaqGS:NICE) has announced that, for the second consecutive year, its Robotic Process Automation (RPA) solution has been named a leader in Everest Group's PEAK Matrix, a part of the latter’s RPA Technology Vendor Assessment 2019 report. According to the press release, RPA optimizes the collaboration between human employees and robots by seamlessly combining desktop (attended) and robotic (unattended) automations in real time. Sarah Burnett, Executive Vice President at Everest Group, explained:

"This is the second year that NICE has achieved a leading position in Everest Group's RPA Product PEAK Matrix™ assessment. Factors that contributed to NICE's position included good customer feedback, as well as its continued investments in innovation and its products, such as the launch of Automation Finder, enhancements to its Automation Watcher and Shape Analysis, and capabilities for both attended and unattended RPA."


Global AI in Agriculture to See CAGR of 22.7% from 2018-2025

A report from Data Bridge Market Research finds that the global market for AI in agriculture was valued at $432.5 million USD in 2017 and is projected to see a compound annual growth rate (CAGR) of 22.7 percent from 2018 to 2025. An excerpt from the report description defines the market:

Artificial Intelligence (AI) in agriculture is utilization of cognitive technologies that helps in learning, reasoning, understanding and interacting, which in result increases the efficiency. It offers various advantages such as Image recognition and insight, chatbots for farmers, help IoT achieve its maximum potential and determine the best options to maximize return on crops.

It goes on to list the market drivers as:

     Increasing adoption of new advanced technologies and IMS
     Rising demand for agricultural production
     Government support and initiatives for the adoption of modern agricultural techniques
     Maximizing crop productivity along with the implementation of various techniques
     Increasing use of drones in agricultural farms  

Sam Mowers, Investorideas.com

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