The
#AIEye: IBM (NYSE: $IBM) Readies Businesses for #AI by Bringing Enhancements to
Cloud Pak, HPE (NYSE: $HPE) Announces ML Ops Solution
Global
#AI Systems Spending to Reach $97.9 Billion by 2023
Point Roberts WA, Vancouver BC – September 10, 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/09101AIEye-IBM-HPE.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:IBM) (NYSE:HPE) (NasdaqGS:LOGM)
IBM (NYSE:IBM) has announced enhancements to its Cloud Pak for Data to get
businesses ready for AI. This is being done through the leveraging of DataOps,
which help to automate and streamline data flows across an enterprise. Rob
Thomas, General Manager, IBM Data and AI, explained:
"The
path to consistent success with AI projects begins with business-ready data and
the methodology for delivering that is DataOps. The things we're announcing
today, from infusing more automation, governance and collaboration capabilities
into our products, to an expanded Data Science Elite practice, build on
something we've been doing throughout the year: giving clients practical ways
to speed this process in a uniform, thoughtful and consistent manner to speed
their journey to AI."
Hewlett Packard Enterprise Company (NYSE:HPE) has announced a container-based software solution,
HPE ML Ops, which aims to standardize machine learning workflows and accelerate
AI deployments. Kumar Sreekanti, SVP and CTO, Hybrid IT at HPE, commented:
“Only
operational machine learning models deliver business value. And with HPE ML
Ops, we provide the only enterprise-class solution to operationalize the
end-to-end machine learning lifecycle for on-premises and hybrid cloud
deployments. We’re bringing DevOps speed and agility to machine learning,
delivering faster time-to-value for AI in the enterprise.”
LogMeIn, Inc. (NasdaqGS:LOGM) is introducing new features to its AI-powered
Bold360 workflow optimization suite, including aggregating information and
advanced agent monitoring. Ryan Lester, Senior Director of Customer Engagement
Technologies at LogMeIn, said:
“Changing
customer expectations are shifting the dynamic of customer service teams across
the board. In particular, a supervisor’s role is evolving from task master and
policy enforcer to coach and strategic decision-maker. With these latest
updates, Bold360 supports the demands of their evolving roles and ensures they
spend less time navigating systems and more time guiding their agents to better
serve customers.”
Global
AI Systems Spending to Reach $97.9 Billion by 2023
A report from International Data Corporation (IDC) finds that
global spending on artificial intelligence systems technology will grow to $97.9
billion USD by 2023, up from the $37.5 billion projected to be spent in 2019.
This represents a compound annual growth rate (CAGR) of 28.4 percent in the
forecast period 2018-2023. An excerpt from the report reads:
Spending
on AI systems will be led by the retail and banking industries, each of which
will invest more than $5 billion in 2019. Nearly half of the retail spending
will go toward automated customer service agents and expert shopping advisors
& product recommendation systems. The banking industry will focus its
investments on automated threat intelligence and prevention systems and fraud
analysis and investigation. Other industries that will make significant
investments in AI systems throughout the forecast include discrete
manufacturing, process manufacturing, healthcare, and professional services.
The fastest spending growth will come from the media industry and
federal/central governments with five-year CAGRs of 33.7% and 33.6%
respectively.
Sam Mowers,
Investorideas.com
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