The
#AIEye: IBM (NYSE: $IBM) Partners with Lufthansa Group to Establish #AI Studio
and Twilio (NYSE: $TWLO) Joins Alliance for Telecommunications Industry
Solutions Board
Edge
#AI Market to See CAGR of 20.3% from 2019-2024
Point Roberts WA, Vancouver BC – October 29, 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
Stocks
discussed: (NYSE:IBM) (NYSE:TWLO)
IBM (NYSE:IBM) has partnered with Lufthansa Group to establish the
Lufthansa AI Studio, a collaboration that leverages AI to help address the
airline's business challenges, such as improving customer service. According to
the press release, the AI Studio is “simultaneously working on more than ten
different solutions for various departments within Lufthansa Group with a focus
on applications for sales, customer service and operational areas”. Dee
Waddell, Global Managing Director, Travel & Transportation, IBM, explained:
"As
airlines look to optimize operations and enhance customer experiences, we're
seeing a continued progression of technology deployment to create solutions
that deliver a powerful combination of data and technology. Airlines, like
Lufthansa, are applying AI to sift through vast amounts of customer data to
solve problems and more quickly respond to their passengers' needs. Through the
IBM Garage, a unique co-creation experience, IBM experts and Lufthansa
employees are working together to develop AI solutions that can rapidly move
from a new idea to adoption across the airline, putting data driven insights at
the fingertips of employees to help better serve customers. The Lufthansa AI
Studio demonstrates the airline's continued commitment to driving innovation
and creating exceptional customer experiences."
Twilio Inc. (NYSE:TWLO) has joined the Alliance for Telecommunications
Industry Solutions (ATIS) board of directors, where it will help drive the
development of technology solutions such as mitigating unwanted robocalls. ATIS
comprises over 150 companies in the information and communications tech space
and addresses subjects including IoT, 5G, smart cities, artificial
intelligence, unwanted robocalls, and cybersecurity. Christer Fahlgren, lead
telephony software architect, Voice and Video Business Unit, Twilio, commented
on ATIS’ SHAKEN/STIR solution:
“ATIS epitomizes the type of industry partnership and
coordination needed to establish trusted communications amidst the incredibly
rapid pace of innovation of new technologies impacting user information and
data on their electronic devices. The SHAKEN protocol is a crucial element for
empowering users to decide which calls to accept or decline and give them more
control of what happens on their phones. We look forward to working with ATIS
members to further contribute to the SHAKEN/STIR specification to help stop
unwanted robocalls once and for all.”
Edge
AI Market to See CAGR of 20.3% from 2019-2024
A report from Research and Markets finds that the Edge AI
market will exhibit a compound annual growth rate (CAGR) 20.3 percent in the
forecast period 2019 to 2024. An excerpt from the report description outlines
key trends observed in the market:
●
Governmental
bodies across the world, are embracing advanced technologies to address the
important aspect of ensuring the security and safety of citizens. Surveillance
serves to be a key factor in the process. Some of the major devices for edge AI
hardware used by government agencies for the purpose includes surveillance
cameras and drones.
●
With
the ever-increasing population, environmental damage, and criminal activities,
cities are facing new challenges each day, and this has resulted in the need
for surveillance cameras. These are very much required for the prevention of
incidents such as crime, burglary, and vandalism. Besides, governments also use
surveillance cameras for enforcement of the law by analyzing the behavior, face
recognition.
●
China
is at the forefront of installing AI-based surveillance cameras to scan public
places to track anomalies in behavior and criminal identification. A recent journal
published in the New York Times revealed that the Chinese government had
installed around 200 million surveillance cameras across the country in 2018
and is planning to install another 426 million by 2020. The country aims to
spot crimes and accidents easily by integrating private and public cameras, to
build a nation-wide surveillance network.
Sam Mowers, Investorideas.com
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a list of artificial intelligence stocks on Investorideas.com visit
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