The
#AIEye: IBM (NYSE: $IBM) Plans Multi-Zone Cloud Region in Latin America and
NICE in (NASDAQ: $NICE) Contact Makes New Partnerships in Australia
Global
#AI in #CyberSecurity Market to Reach $30.9 Billion by 2025
Point Roberts WA, Vancouver BC – August 28, 2019 – Investorideas.com (www.investorideas.com), a global investor news source covering
Artificial Intelligence (AI) brings you today’s edition of The
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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:IBM) (NasdaqGS:NICE)
IBM (NYSE:IBM) has announced plans to launch a new IBM Cloud multi-zone region (MZR) in
Latin America by late 2020 as part of an expansion to its global cloud
footprint. The MZR will be based in São Paulo, Brazil and will provide clients
with IBM public cloud services, from enterprise-grade infrastructure to AI
services. Tonny Martins, General Manager, IBM Brazil, said:
"Our
continued cloud investment reflects that clients are increasingly seeking
hybrid cloud environments that offer access to cutting edge tools including AI,
analytics, IoT and blockchain to boost competitiveness. As companies in Brazil
look to gain greater control of their data in the face of upcoming tighter
compliance and protection regulations, IBM offers the cloud capabilities that
allow them to innovate and take advantage of data from all sources across any
hybrid multi-cloud environment."
NICE inContact, a subsidiary of NICE Ltd. (NasdaqGS:NICE), has announced new partnerships in Australia that will
bring the company’s cloud customer experience platform, CXone, to contact
centres throughout the region. According to the press release, CXone leverages
Omnichannel Routing, Analytics, Workforce Optimization, Automation and
Artificial Intelligence technologies. The new partners include Converged
Communication Network Applications Pty Ltd (CCNA) and Byte. Paul Jarman, NICE
inContact CEO, explained:
“To
meet the needs of our customers in all global markets, we continue to add new
partners that are located across the world and who understand the unique
requirements of customers in specific countries. We are pleased to announce new
partnerships in Australia and New Zealand, including CCNA and Byte. NICE
inContact CXone helps organizations of all sizes in all industries achieve
their business goals with a unified, intelligent and complete cloud customer
experience platform.”
Global
AI in Cyber Security Market to Reach $30.9 Billion by 2025
A report from Zion Market Research finds that the global AI
in Cyber Security market will grow from $7.1 billion in 2018 to $30.9 billion
in 2025 with a compound annual growth rate (CAGR) of 23.4 percent in the
forecast period 2019-2025. An excerpt from the report analysis reads:
The
globally increasing IoT adoption and the number of connected devices have simultaneously
increased the risk of cyberattacks. The rising number of cybercrimes is
propelling the artificial intelligence (AI) in cyber security market. Some
common cyber frauds faced by large enterprises are identity and payment card
thefts, these cybercrimes when not resolved on time can lead to huge monetary
losses. Cybersecurity providers are significantly using AI solutions for
tackling such cyberattacks by early threat detection, response time reduction,
and segregation as per priority. AI solutions not only provide wider security
as compared to human potential but also simplify complete recognition and
acknowledgment procedures related to cyber frauds. Thereby, the escalating
cybersecurity risk incidences are prominently driving the artificial intelligence
(AI) in cyber security market globally. However, the lack of technical
expertise for AI application implementation may hinder the artificial
intelligence (AI) in cyber security market growth to some extent. Furthermore,
the emerging demand for cloud-based security solutions among various small- to
medium-sized enterprises is anticipated to create lucrative market
opportunities.
Sam Mowers,
Investorideas.com
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