The
#AIEye: IBM (NYSE: $IBM) #AI Utilized by Karantis360, NICE (NASDAQ: $NICE) RPA
Partners with CallVU and CEVA (NASDAQ: $CEVA) Tech Used In DJI’s Mavic 2 Camera
Drone
Global
AI Spending Forecast to Hit $35.8 Billion in 2019, Up 44% From 2018
Point Roberts WA, Vancouver BC – March 13, 2019 –
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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Global
AI Spending Forecast to Hit $35.8 Billion in 2019, Up 44% From 2018
The
International Data Corporation (IDC) forecasts
that global spending on AI systems will reach $35.8 billion USD by 2019, which
marks an increase of 44 percent over 2018 spending. Furthermore, IDC finds that
spending on AI systems will more than double to $79.2 billion in 2022 with a compound
annual growth rate (CAGR) of 38 percent from 2018-2022. The study finds that
the retail sector will lead spending, with banking coming in second. Marianne
Daquila, research manager, Customer Insights & Analysis at IDC, said:
"Significant worldwide artificial
intelligence systems spending can now be seen within every industry as AI
initiatives continue to optimize operations, transform the customer experience,
and create new products and services. This is evidenced by use cases, such as
intelligent process automation, expert shopping advisors & product
recommendations, and pharmaceutical research and discovery exceeding the
average five-year compound annual growth of 38%. The continued advancement of
AI-related technologies will drive double-digit year-over-year spending into
the next decade."
IBM
AI Utilized by Karantis360, NICE RPA Partners with CallVU and CEVA Tech Used In
DJI’s Mavic 2 Camera Drone
Stocks
discussed: (NYSE:IBM) (NasdaqGS:NICE) (NasdaqGS:CEVA)
UK startup Karantis360, a care management company, is utilizing IBM (NYSE:IBM) technology such as Watson AI in
their assisted living solution. Nick Hampson, Managing Director of Karantis360,
said:
"By
working with IBM, we have been able to develop a digital solution that could
completely revolutionize the way we care for our loved ones, reducing the
burden of care and helping vulnerable and older people to live in their own
homes for longer. With IBM's cloud technologies, AI capabilities and innovation
ecosystem, we've gone from concept, to service delivery, to our first clients
in under 12 months. It's been an incredible journey."
NICE Ltd. (NasdaqGS:NICE) has announced a partnership between its NICE Robotic Process
Automation (RPA) and digital customer engagement leader CallVU. The
collaboration between NICE RPA’s AI-infused robots with CallVU’s digital
engagement technology streamlines customer service while improving back end
processes. Barry Cooper, President, NICE Enterprise Product Group, said:
“NICE
RPA’s powerful robots simplify complex operational processes by seamlessly
executing tasks in the background, thus empowering customer interaction agents
to focus on what really matters. This enables organizations to not only improve
productivity but also drive a superior customer experience.”
CEVA, Inc. (NasdaqGS:CEVA) has announced that DJI’s Mavic 2 camera drones use
CEVA DSPs and platforms to enable on-device artificial intelligence, advanced
computer vision and long-range communication capabilities. Gideon Wertheizer,
CEVA CEO, said:
"DJI's
camera drones are transforming multiple industries, utilizing artificial
intelligence, computer vision and other disruptive technologies to deliver
truly unprecedented experiences. The Mavic 2 series of drones epitomize this
innovation, and we're proud that our advanced DSPs and platforms for computer
vision, AI and long-range communications help DJI lead the market."
Sam
Mowers, Investorideas.com
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