The
#AIEye: IBM (NYSE: $IBM) Expanding #Cloud to Canada with MZR and Honeywell (NYSE:
$HON) Launching Honeywell #Robotics Center of Excellence
Global
#AI in Agriculture Market to Hit $1.1 Billion USD in 2025
Point Roberts WA, Vancouver BC – October 24, 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:HON)
IBM (NYSE:IBM) is expanding its global cloud footprint, with
specific plans to launch a new IBM Cloud multizone region (MZR) in Canada by
late 2020. According to the press release the new MZR will be located in
Toronto, and will be “designed to provide clients with access to globally
consistent IBM public cloud services, from enterprise-grade infrastructure to
AI services”. Ayman Antoun , President, IBM Canada, commented:
"As
companies across Canada seek greater control of their data, this new capability
will lead to improved resiliency, security and availability of the cloud
platform right here on Canadian soil. Expanding our cloud capabilities with a
new multizone region will ensure that clients have greater access to the broad
range of IBM cloud services."
Honeywell International Inc. (NYSE:HON) has announced the creation of Honeywell Robotics,
which will be a Pittsburgh-based “advanced technology center of excellence
focused on innovating and developing artificial intelligence, machine learning,
computer vision and advanced robotics for use across supply chains”. Joseph
Lui, a robotics leader with expertise in digital data, autonomous technologies
and the industrial Internet of Things, will run the center. He explained:
"As
AI, machine learning and computer vision become commonplace, Honeywell Robotics
will create innovative, breakthrough technologies to help customers alleviate
skilled labor shortages, reduce safety risks and eliminate inefficient tasks.
The use of technology – including advanced warehouse execution systems, 3D
storage and sortation solutions to improve capacity and efficiency, and
autonomous mobile robots – is just the start of the digital transformation in
warehouses."
Global
AI in Agriculture Market to Hit $1.1 Billion USD in 2025
A report from The Research Insights finds that the global AI in Agriculture market will grow from $240
million in 2017 to $1.1 billion by the end of 2025 with a compound annual
growth rate (CAGR) of 20.8 percent in the forecast period. An excerpt from the
report summary reads:
Artificial
Intelligence (AI) in Agriculture Market size is being driven by the growing
adoption of the robots in agriculture. Increasing consumption and rising
requirement of better yield of crops are estimated to be one of the major
factors that is fueling the demand of robots in agriculture. Increasing
consumption motivates farmers to scale up farming operations and give rise to
the requirement of automating farming operations. As the farmers are shifting
more towards automation, drones and robots have become integral part of
agriculture farms and are enhancing yield and improving the product quality.
Since AI is the backbone of robotics, increasing adoption of robots in
agriculture is estimated to drive the AI in agriculture market growth.
Sam Mowers,
Investorideas.com
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