The AI Eye

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

Wednesday, October 2, 2019

The #AIEye: NICE (Nasdaq: $NICE) Announces #AI-Based Analytics Offering, Nuance (Nasdaq: $NUAN) Introduces AI-Powered #Biometrics Solution Gatekeeper



The #AIEye: NICE (Nasdaq: $NICE) Announces #AI-Based Analytics Offering, Nuance (Nasdaq: $NUAN) Introduces AI-Powered #Biometrics Solution Gatekeeper

Global MLaaS Market to See 38% CAGR from 2019 to 2023



Point Roberts WA, Vancouver BC – October 2, 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: (NasdaqGS:NICE) (NasdaqGS:NUAN) (NasdaqGS:CRNCV)

NICE Ltd. (NasdaqGS:NICE) has announced a new analytics offering that leverages AI-based unsupervised machine learning, allowing users to “swiftly remedy issues as they emerge, improving customer experiences and loyalty”. The innovative new AutoDiscovery capabilities are features as a cloud-based add-on module to version 12.2 of Nexidia Analytics. Barry Cooper, President, NICE Enterprise Product Group, commented:

“With NICE’s newly announced AutoDiscovery capabilities, organizations no longer need to look for the needle in a haystack of data when it comes to understanding how to best serve their customers. Organizations can now rely on our analytics solutions to surface trending service areas and take quick action."

Nuance Communications, Inc. (NasdaqGS:NUAN) has introduced Nuance Gatekeeper, an advanced biometrics solutions aimed at fraud detection and customer authentication. Gatekeeper leverages an AI-powered voice biometrics engine for authentication, and constructs speech models using AI techniques. Brett Beranek, GM Security Business, Nuance Enterprise Division, commented:

“Biometrics is the future of identification and we see it as the golden ticket for organizations that want to enhance security for customers without negatively impacting the engagement experience. With Gatekeeper, we offer more advanced layers of protection to organizations big and small by bringing AI to the forefront and combining traditional biometrics methods with some that are newer to market – and all of it is now accessible in a cloud-native environment.”

Nuance has also completed the spin-off of Cerence, Inc. (NasdaqGS:CRNCV), an automotive cognitive assistance solutions for connected and autonomous vehicle manufacturer.

Global MLaaS Market to See 38% CAGR from 2019 to 2023

A report from Research and Markets finds that the global Machine Learning as a Service (MLaaS) market will see a compound annual growth rate (CAGR) of 38 percent from 2019 to 2023. An excerpt from the report description outlines its growth in the retail space:

Retail companies are shifting their focus to customer buying patterns with the growing number of e-commerce websites and the digital revolution in the retail sector. This drives the need to manage and track the inventory movement of items, which can be done using MLaaS. The use of MLaaS by retail companies for inventory optimization and behavioral tracking is expected to have a positive impact on the overall market growth.

Sam Mowers, Investorideas.com

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