The
#AIEye: NICE (Nasdaq: $NICE) Announces #AI-Based Analytics Offering, Nuance
(Nasdaq: $NUAN) Introduces AI-Powered #Biometrics Solution Gatekeeper
Global
MLaaS Market to See 38% CAGR from 2019 to 2023
Point Roberts WA, Vancouver BC – October 2, 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: (NasdaqGS:NICE) (NasdaqGS:NUAN) (NasdaqGS:CRNCV)
NICE Ltd. (NasdaqGS:NICE)
has announced a new analytics offering that
leverages AI-based unsupervised machine learning, allowing users to “swiftly
remedy issues as they emerge, improving customer experiences and loyalty”. The
innovative new AutoDiscovery capabilities are features as a cloud-based add-on
module to version 12.2 of Nexidia Analytics. Barry Cooper, President, NICE
Enterprise Product Group, commented:
“With
NICE’s newly announced AutoDiscovery capabilities, organizations no longer need
to look for the needle in a haystack of data when it comes to understanding how
to best serve their customers. Organizations can now rely on our analytics
solutions to surface trending service areas and take quick action."
Nuance Communications, Inc. (NasdaqGS:NUAN)
has introduced Nuance Gatekeeper, an advanced
biometrics solutions aimed at fraud detection and customer authentication.
Gatekeeper leverages an AI-powered voice biometrics engine for authentication,
and constructs speech models using AI techniques. Brett Beranek, GM Security
Business, Nuance Enterprise Division, commented:
“Biometrics
is the future of identification and we see it as the golden ticket for
organizations that want to enhance security for customers without negatively
impacting the engagement experience. With Gatekeeper, we offer more advanced
layers of protection to organizations big and small by bringing AI to the
forefront and combining traditional biometrics methods with some that are newer
to market – and all of it is now accessible in a cloud-native environment.”
Nuance has also completed the spin-off of Cerence, Inc. (NasdaqGS:CRNCV),
an automotive cognitive assistance solutions for connected and autonomous
vehicle manufacturer.
Global
MLaaS Market to See 38% CAGR from 2019 to 2023
A report from Research and Markets finds that the global
Machine Learning as a Service (MLaaS) market will see a compound annual growth
rate (CAGR) of 38 percent from 2019 to 2023. An excerpt from the report
description outlines its growth in the retail space:
Retail
companies are shifting their focus to customer buying patterns with the growing
number of e-commerce websites and the digital revolution in the retail sector.
This drives the need to manage and track the inventory movement of items, which
can be done using MLaaS. The use of MLaaS by retail companies for inventory
optimization and behavioral tracking is expected to have a positive impact on
the overall market growth.
Sam Mowers,
Investorideas.com
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