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Wednesday, August 21, 2019

The #AIEye: IBM (NYSE: $IBM) to Contribute Tech to Open-Source Hardware Community, Honeywell (NYSE: $HON) Announces New Suite of Solutions for Smart Buildings

The #AIEye: IBM (NYSE: $IBM) to Contribute Tech to Open-Source Hardware Community, Honeywell (NYSE: $HON) Announces New Suite of Solutions for Smart Buildings

Smart Building Market to Reach $33.7 Billion by 2023

Point Roberts WA, Vancouver BC – August 21, 2019  – (, 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:HON) (NYSE:WIT)

IBM (NYSE:IBM) has announced that it will be contributing the POWER Instruction Set Architecture (ISA), the Open Coherent Accelerator Processor Interface (OpenCAPI) and the Open Memory Interface (OMI) to the open-source hardware community. These contributions will help developers build innovative new hardware and create new software applications for AI and hybrid cloud, according to the press release. IBM's OpenPOWER General Manager Ken King commented:

"With today's announcement IBM is taking another significant step in driving innovation across the industry through open technology and open source. With our recent Red Hat acquisition and today's announcement, IBM becomes the only processor vendor and POWER becomes the only commercially-available architecture with a completely open system stack, from the foundation of the hardware through the software stack."

Honeywell International Inc. (NYSE:HON) introduced the next generation of Enterprise Building Integration (EBI), Command and Control Suite (CCS), and Digital Video Manager (DVM). These solutions form a suite enabled by the Honeywell Forge for Buildings platform, that will enhance efficiency, data analysis, control and security. Mark Verheyden, president, Honeywell Building Solutions, said:

"For buildings to be smarter, more efficient and effective, an operating system must be in place that works to constantly improve resource management. These systems help keep people safe and secure, enhance the building experience, and protect the data and processes that drive operations. The overall health of the building ecosystem can impact business success – just like great talent and experience. Our building operation teams help customers address building use and critical infrastructure challenges."

Wipro Limited (NYSE:WIT) has announced a strategic partnership with the Indian Institute of Science (IISc) for research in autonomous systems, robotics and 5G space. This will be done through the jointly created Wipro IISc Research and Innovation Network (WIRIN). According to the press release, the WIRIN team “will focus on the research and development of cutting-edge technologies in Artificial Intelligence, Machine Learning, Visual Computing, Human Computer Interaction (HCI) and Vehicle-to-everything communication (V2X)”. Abidali Z. Neemuchwala, Chief Executive Officer and Managing Director, Wipro Limited, commented:

“We are excited to collaborate with the Indian Institute of Science, Bangalore, one of the most prestigious research institutes in the world, to develop innovative solutions for autonomous systems, robotics and 5G. This is a significant step towards strengthening our position to be at the forefront of these transformative technologies.”

Smart Building Market to Reach $33.7 Billion by 2023

A report from Market Research Future finds that the global Smart Building market will grow from $7.45 billion in 2017 to $33.7 billion USD by 2023 with a compound annual growth rate (CAGR) of 29.69 percent in the forecast period. An excerpt from the report description reads:

Automation and IoT are likely to govern [the] majority of the technology trends in the future. The housing sector apparently is next in line to embrace these new-age inventions. Smart building has quickly become a reality. Innovation in residential building industry has been slower as compared to some of the other dynamic sectors. The stringent regulatory framework is partly responsible for the delay. However, there is a massive turnaround that is being noticed, as the industry forays into technologies such as connected device, sensor[s], artificial intelligence, etc. A move which has led to the emergence of smart buildings.
Sam Mowers,

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