The
#AIEye: Spanish Utility Leader Naturgy Announces Agreement with IBM (NYSE: $IBM)
for Hybrid #Cloud and HPE (NYSE: $HPE) Announces Primera for Mission-Critical
Storage
UAE
Leads Middle East Region with Expected Annual Growth of #AI Contribution to the
Economy at 33.5%
Point Roberts WA , Vancouver BC – June 20, 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) (MCE:NTGY) (NYSE:HPE)
Spain’s leading natural gas and electrical utilities
company Naturgy (MCE:NTGY) has announced a ten-year agreement with IBM (NYSE:IBM) to implement a hybrid cloud
strategy. According to the press release, “Naturgy will host its core grids'
data on an on-premises private cloud with the added flexibility to rapidly
integrate it with a public cloud to create new AI applications that can help
the company to monitor its grid”. Juan Zufiria, IBM Senior Vice President for
Global Technology Services, said:
"Consumers
are demanding new types of services and access to more ways of engaging with
their utility companies. Industry leaders like Naturgy have set the strategic
direction for this industry overall by embracing advanced technologies like
hybrid cloud and AI that can help enable them adapt to new energy consumption
models. We are excited to collaborate with Naturgy to help enable them to move
forward on their hybrid cloud journey and support their digital
transformation."
Hewlett Packard Enterprises (NYSE:HPE) has announced HPE Primera, which leverages AI from
HPE InfoSight to deliver mission-critical storage. HPE Primera boasts 93 percent
less time spent on managing storage, the ability to predict and prevent issues,
and accelerate application performance. It also advance the HPE Intelligent
Data Platform, which “helps customers transition from delivering storage to
unlocking business value with intelligent data”. Milan Shetti, SVP and General
Manager, HPE Storage, commented:
“Intelligence
changes everything. Today’s organizations need a fundamentally new approach to
infrastructure operations with an intelligent data strategy. HPE Primera
leverages HPE’s unique Intelligent Data Platform to deliver unmatched
simplicity, availability, and performance for mission-critical applications, so
businesses can focus on harnessing data to drive their business forward.”
UAE
Leads Middle East Region with Expected Annual Growth of AI Contribution to the
Economy at 33.5%
According to local outlet the Khaleej Times, Dubai
ranks number one in the world for FDI (foreign direct investment) in AI and
robotics, while the United Arab Emirates (UAE) ranks sixth worldwide on the
global Smart Service index. Dubai attracted $21.6 billion USD in FDI for
high-end technology transfers from 2015 to 2018. The UAE leads the region with
expected annual growth of AI contribution to the economy at 33.5 percent.
Dawood Al Shezawi, CEO of Annual Investment Organising Committee, said:
"Digital
growth is significant to the growth of the economy. In the UAE, it is in line
with UAE Vision 2021, which aims to position the country as a top spot for tech
investments.”
"Disruptive
technologies like AI, blockchain, internet of things (IoT) boost the productive
capacity of countries and also the global GDP. To maximise its benefits,
countries need to integrate new avenues that will drive more investments in
these solutions.”
Sam Mowers,
Investorideas.com
For
a list of artificial intelligence stocks on Investorideas.com visit
here
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