The
AI Eye Episode 345: IBM (NYSE: $IBM) Collaborating with Samsung, M1, IMDA on
Singapore’s 5G Industry 4.0 Trial and Virtusa (NasdaqGS: $VRTU) Achieves AWS
(NasdaqGS: $AMZN) SaaS Competency
Global
Chatbots Market to Reach $9.172 Billion by 2025
Point Roberts WA, Vancouver BC – May 7, 2020 – 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.
Listen
to today’s podcast:
Read
this in full at https://www.investorideas.com/news/2020/artificial-intelligence/05071AIEye-IBM-VRTU-AMZN.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:IBM) (KSE:005930) (NasdaqGS:VRTU) (NasdaqGS:AMZN)
IBM (NYSE:IBM), along with the Infocomm Media
Development Authority (IMDA), M1 Limited and Samsung (KSE:005930), announced a collaboration on Singapore's first 5G Industry
4.0 trial. Part of the collaboration will be a 5G Solution Showcase, which
“will feature Industry 4.0 solutions powered by 5G and leveraging capabilities
such as Internet-of-Things (IoT) and Artificial Intelligence. The aim is to
help proliferate 5G solutions to different industry sectors in Singapore.”
Martin Chee, Managing Director, IBM Singapore, explained:
"We
want to complement Singapore's Smart Nation and Digital Economy efforts and
empower enterprises and industry players with a robust and versatile 5G launch-pad
through this trial. This will allow businesses to leverage digital technologies
to create next-generation solutions and be responsive to rapidly changing
markets and 5G adoption in Singapore. IBM has built industry-leading hybrid
cloud, AI and security capabilities underpinned by deep industry expertise.
With support from IMDA and our strategic partners Samsung and M1, this
collaboration will seed Singapore's 5G capabilities and strengthen its position
as a leading industrial innovation hub, and move us closer in fulfilling our
Industry 4.0 vision.”
Virtusa Corporation (NasdaqGS:VRTU)
has achieved Amazon Web Services (AWS) SaaS
Competency status, meaning that it “has demonstrated deep experience helping
organizations design and build SaaS and cloud-native solutions on AWS.” [AWS is
a subsidiary of Amazon (NasdaqGS:AMZN)] According to the press
release, Virtusa “leverages AWS for its vLifeTM platform, a large
healthcare and life sciences application marketplace with APIs, microservices,
pre-built artificial intelligence (AI) and machine learning (ML) models,
visualization, and predictive tools available for client subscription.” Raymond
Hennings, EVP, Virtusa, said:
“The
AWS SaaS Competency status validates Virtusa’s ability to maximize resources on
AWS to help clients efficiently modernize systems and save money in order to
better serve their customers.”
Global
Chatbots Market to Reach $9.172 Billion by 2025
Research from Valuates Reports finds that the Global Chatbots market will grow from $2.285
billion in 2018 to $9.172 billion in 2025 with a compound annual growth rate
(CAGR) of 21.95 percent in the forecast period. A press release covering the report outlines the
following trends observed in the market:
●
Machine
learning systems are now being used to assess trades performed on Wall Street
and to predict how consumers are going to click on different advertisements.
Besides being revenue generators, chatbots may also act as study bots, or to
save companies money for lead generation and brand recognition. This feature of
the chatbot is expected to increase the market size during the forecast period.
●
Insurance
firms represent some of the early adopters of chatbot services focused on AI.
Insurance firms use location-based technology to automatically start the claims
process, using chatbots, along with visual resources such as live chat, to
inform consumers about changes to requests, inspections, and documentation
claims, as well as update them on claim status. These implementations of
chatbots among various insurance organizations are expected to increase the
talkbots market size.
Sam Mowers, Investorideas.com
For
a list of artificial intelligence stocks on Investorideas.com visit here or become an Investor Ideas member
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