The
#AIEye: IBM (NYSE: $IBM) Launching GRIT for Veterans and Wipro (NYSE: $WIT)
Expands Partnership with Google Cloud
Global
#AI in Aviation Market to Reach $22.09 Billion by 2025
Point Roberts WA, Vancouver BC – August 29, 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) (NYSE:WIT)
IBM (NYSE:IBM) is launching a digital solution in partnership
with the Department of Veterans Affairs (VA) and Total Brain for veterans
called GRIT. GRIT creates a digital profile of an individual using AI to then
provide them with tools to help monitor their mental health, build emotional
and cognitive capacities and resilience, find the right jobs and housing
opportunities, and enhance their social connections for support. Kathleen
Urbine, partner, emerging technology and mobile lead, IBM Services, said:
"This
is a historic public-private partnership with the VA — one that helps veterans
bridge the gap when they are transitioning out of service and at their most
vulnerable. Our partnership with Total Brain has been crucial in supporting the
mental health and fitness aspect of this tool and we look forward to continuing
this important work."
Wipro Limited (NYSE:WIT) is expanding its strategic partnership with Google
Cloud to accelerate cloud adoption and digital transformation for global
enterprises. According to the press release, Wipro has a dedicated practice
focused on Google Cloud Platform (GCP), which “powers business and technology
transformation for enterprises and helps them win in an ‘experience economy’
through differentiated offerings around application modernization, data,
analytics, artificial intelligence, SAP workload migration, and industrialized
cloud migration at scale”. Ramesh Nagarajan, Senior Vice President & Head –
Cloud Services, Wipro Limited, explained:
“Wipro’s
comprehensive portfolio of offerings on Google Cloud is futuristic and
innovation-focused. We equip our customers with the right tools to operate on a
modern IT infrastructure, adopt a ‘business-first’ approach and be
future-ready. In collaboration with Google, we aim to enable our customers to
migrate faster, enhance their digital experiences and optimize business
outcomes.”
Global
AI in Aviation Market to Reach $22.09 Billion by 2025
A report from Data Bridge Market Research finds that the
global AI in Aviation market will grow from $110.4 million in 2017 to $22.09
billion by 2025 with a compound annual growth rate (CAGR) of 45.4 percent in
the forecast period 2018-2025. An excerpt from the report description reads:
Artificial
intelligence has various advantages in [the] aviation industry, such as visual
perception, speech recognition, decision-making and translation between
languages for communication. It also includes advanced techniques of artificial
intelligence which are used in reasoning, planning, learning, statistical
analysis and computation.
Sam Mowers,
Investorideas.com
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