The
#AIEye: Colt Technology Services Upgrades Relationship with NICE (Nasdaq: $NICE)
Satmetrix and Nuance (Nasdaq: $NUAN) Automotive Receives Prestigious Supplier
Award
China’s
#AI Market to Hit 71 Billion Yuan in 2020
Point Roberts WA, Vancouver BC – July 12, 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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this in full at https://www.investorideas.com/news/2019/artificial-intelligence/07121AIEye-ColtTechnology-NICE-NUAN.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:NICE) (NasdaqGS:NUAN)
NICE Ltd. (NasdaqGS:NICE) has announced that high-bandwidth connectivity
solution provider Colt Technology Services has upgraded its relationship with
the former’s subsidiary, NICE Satmetrix. According to the press release, NICE
Satmetrix provides “customer feedback management software that brings together
direct and indirect customer feedback to reveal a comprehensive picture of the
customer’s experience throughout the lifecycle”. Noah Roychowdhury, Director of
Customer Intelligence at Colt Technology Services, commented:
“Colt
Technology Services has built our reputation around putting our customers
first, which is exactly what we are able to do through the use of NICE
Satmetrix. Automated text analytics saves our analysis team time and effort
while getting the most insight into the feedback our customers have provided.
It is easy to sort comments by relevancy and allows us to weigh data in a
variety of ways. These tools provide an innovative, full-service solution that
brings benefits to our employees and ultimately, our customers.”
Nuance Communications, Inc. (NasdaqGS:NUAN) has received the Bosch Global Supplier Award in
the Mobility Solutions Software category for the former’s Automotive division.
The award recognizes Nuance Automotive – which leverages advanced
conversational AI and mobility solutions
– for its performance as a supplier of automotive assistant technology to
Bosch. Andreas Reutter, head of supply chain management at Robert Bosch GmbH,
said:
“With
the Bosch Global Supplier Award, we pay tribute to our best suppliers around
the world. The award winners have achieved outstanding levels of excellence and
work with us in an exceptional spirit of partnership. From technological
expertise to logistical quality and entrepreneurial potential – our award
winners have it all.”
China’s
AI Market to Hit 71 Billion Yuan in 2020
Citing data from the Internet Society of China, the Asia Times reports that China’s AI market is
projected to hit 71 billion yuan ($10.3 billion USD) in 2020. The report pulls
from an array of sources to illustrate the various ways the Chinese AI market
is expanding. The following excerpts outline the breadth of China’s AI market:
The
global market share of China’s AI industry expanded to 12.56% in 2018 from
9.41% in 2017.
As
of the end of 2018, China had 3,341 AI enterprises, accounting for more than
one-fifth of the world’s total 15,916 AI firms.
…China
remains the world’s largest buyer of industrial robots for the sixth straight
year in 2018, despite a dip in purchases from the previous year, Caixin
reported.
The
country bought 135,000 robots used across industries such as electronics and
automobiles, down 3.8% from 2017, according to a report released by the China
Robot Industry Alliance.
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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