The
#AIEye: HPE (NYSE: $HPE) Introduces #AI-Driven HCI Advancements, NICE (Nasdaq:
$NICE) Actimize Introduces Federated Learning Approach to Fraud Detection
AIaaS
Market to Reach $11.5 Billion USD by 2024
Point Roberts WA, Vancouver BC – October 28, 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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to today’s podcast:
Read
this in full at https://www.investorideas.com/news/2019/artificial-intelligence/10281AIEye-HPE-NICE.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:HPE) (NasdaqGS:NICE) (NasdaqGS:NUAN)
Hewlett Packard Enterprise Company (NYSE:HPE) has introduced advancements to its hyperconverged
infrastructure (HCI) platform, HPE SimpliVity, leveraging AI to “simplify
virtual machine (VM) management and free IT staff to focus on innovation”.
McLeod Glass, VP & General Manager, SimpliVity and Composable Software,
Hewlett Packard Enterprise, commented:
“The
future of HCI is AI-driven, and HPE has the most advanced intelligence. HCI
makes life easy for enterprises, but unresolved complexities still occur. HPE
has rethought HCI with HPE InfoSight at the heart. This global intelligence is
truly a game changer for customers as they shift from first-generation HCI to
intelligent HCI with HPE.”
NICE Actimize, a subsidiary of NICE Ltd. (NasdaqGS:NICE), introduced its Federated
Learning approach to fraud detection at the Money20/20
USA event today. According to the press release, the Federated Learning
capability provides “financial services organizations (FSOs) with higher fraud
detection rates across numerous fraud scenarios by leveraging NICE Actimize’s
Collective Intelligence network”, and leverages decentralized artificial
intelligence. Craig Costigan, CEO, NICE Actimize, explained:
"With
NICE Actimize's Federated Learning capabilities, and leveraging its unmatched
collective intelligence, financial services organizations can maximize the
power of the cloud to fight fraud collaboratively without compromising data
security. This advanced approach using agile analytics enables financial
service organizations to move faster than the fraudsters while providing a
frictionless customer experience.”
Nuance Communications Inc. (NasdaqGS:NUAN) launched a new emergency medicine solution for
its Dragon Medical Advisor in partnership with The Sullivan Group (TSG) to help
“emergency department physicians improve patient safety and lower liability
risks”. The development “adds AI-powered tools for diagnostic advice, clinical
best practices, and improved documentation at the point of care”. Dan Sullivan,
M.D., J.D., president and CEO of The Sullivan Group, commented:
“This
intuitive solution harnesses the power of AI to provide seamless, efficient
guidance real-time during the patient encounter. Healthcare organizations are
focused on achieving high reliability in their operational processes; we are
bringing high reliability to clinical decision making and judgement.”
AIaaS
Market to Reach $11.5 Billion USD by 2024
Research from Report Linker finds that the
AI-as-a-Service (AIaaS) market will grow from $2 billion in 2018 to $11.5
billion by 2024 with a compound annual growth rate of 34 percent in the
forecast period. An excerpt from the report summary outlines growth of the BFSI
and Healthcare segments of the market in the Asia-Pacific region:
Of
all, BFSI segment is likely to witness extensive adoption of AIaaS through 2024
as this vertical utilizes artificial intelligence for chatbots, fraud detection
and customer recommendation. Moreover, need for integrating technology and
improve operational efficiency is pushing the adoption of AIaaS in BFSI.
Regionally, the market for artificial intelligence as a service is gaining
traction and expanding to various regions across the globe. [The] Asia-Pacific
industry is anticipated to witness the fastest growth during [the] forecast
period.
Healthcare
industry in Asia-Pacific region is growing at a rapid pace, attributed to the
increasing population and health awareness among customers. This segment is
creating investment opportunities in the region and anticipated to promote the
growth of artificial intelligence as a service market in the region.
Sam Mowers,
Investorideas.com
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a list of artificial intelligence stocks on Investorideas.com visit here
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