The
#AIEye: $IBM ( $IBM) Reveals Maximo Asset Performance Management and Cisco (
$CSCO) and Ricoh Partner to Empower Digital Workplaces
Global
#AI in Manufacturing to See 51.31% CAGR from 2019-2027
Point
Roberts WA , Vancouver BC – March 1, 2019
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Today’s Column- The AI Eye- Watching stock
news, deal tracker and advancements in artificial intelligence
Global AI in
Manufacturing to See 51.31% CAGR from 2019-2027
Report
Linker has recently published research indicating that the
global AI in manufacturing market is projected to show a compound annual growth
rate (CAGR) of 51.31 percent in the forecast period 2019-2027. An excerpt from
the report description reads:
The current trend of automation and data
exchange in manufacturing technologies is heralded due to the many factors like
the challenging geopolitical scenario, aging workforce and rising wages in
automation technology especially in the emerging economies of certain countries.
This is termed as the fourth industrial revolution or Industry 4.0. The limited
existence of skilled workforce in data science coupled with concerns related to
data privacy & security is expected to restrict the growth of the market in
the global arena. Data scientists integrate their skills in designing,
developing & training artificial intelligence & technology, whose
absence can cause major losses to the marketers.
IBM Reveals Maximo
Asset Performance Management and Cisco and Ricoh Partner to Empower Digital
Workplaces
Stocks discussed:
(NYSE:IBM) (NasdaqGS:CSCO) (OTC:RICOY)
IBM
(NYSE:IBM) has
announced a new portfolio, called Maximo Asset Performance Management, to help
asset intensive organizations, combining IoT solutions with AI and advanced
analytics. According to the press
release, “the solution is designed to help organizations to
lower costs and reduce the risk of failure from physical assets such as
vehicles, manufacturing robots, turbines, mining equipment, elevators, and
electrical transformers”. Kareem Yusuf, general manager, IBM Watson IoT said:
"It's critical for companies to think about how
effective their maintenance practices are. With the launch of its new Asset
Performance Management solutions, IBM is helping organizations make
insight-driven decisions with an integrated portfolio of advanced analytics and
AI capabilities to help them improve operational effectiveness and efficiency.
Maximo APM is designed to enhance an organization's existing Enterprise Asset
Management system by addressing all aspects of asset performance including
health, predictive maintenance and repair optimization."
Cisco
Systems, Inc. (NasdaqGS:CSCO) has entered a strategic
partnership with Ricoh Company, Ltd. (OTC:RICOY) to
“empower digital workplaces that deliver increased productivity in a more
secure environment”. An excerpt from the announcement reads:
By combining RICOH
Smart Integration and Cisco cloud security solutions under this partnership,
Cisco and Ricoh will connect, using Cisco Meraki, the RICOH IM C Series of
next-generation multi-functional printers and other office devices seamlessly
and securely with multiple cloud services. This solution will reduce the time
required for implementation, operation, and management. Also, by bringing
together RICOH Smart Integration with Cisco's information leakage
detection/prevention and other advanced authentication features, the solution
will support processes that require higher security levels.
Sam Mowers,
Investorideas.com
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