The
#AIEye: AWS (Nasdaq: $AMZN) Selected as #AI, Cloud, ML Provider for Seattle
Seahawks and FIS (NYSE: $FIS) Integrates IBM (NYSE: $IBM) Safer Payments for
Fraud Detection
Global
Conversational #AI Market to Reach $16.2 Billion by 2024
Point Roberts WA, Vancouver BC – November 25, 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/11251AIEye-AMZN-FIS-IBM.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:AMZN) (NYSE:FIS) (NYSE:IBM)
Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), is the cloud, machine
learning, and artificial intelligence provider for the Seattle Seahawks,
according to an announcement today. Chip Suttles, Vice President,
Technology, Seattle Seahawks, explained:
“As
our official cloud provider, AWS will enable the Seahawks to become a
data-driven organization that uses the power of technology to fuel future
championships. We chose AWS because of their relentless focus on innovation,
their broad array of machine learning services, and proven experience in
supporting large sports organizations and enterprises around the world at
scale. AWS’s breadth and depth of services will help us to extract and pinpoint
every possible advantage from the vast amount of data we collect, delivering
the actionable insights we need to positively impact our decision-making.”
FIS (NYSE:FIS)
has integrated the Safer Payments fraud detection
solution from IBM (NYSE:IBM), leveraging “artificial intelligence
and machine learning to monitor and detect fraudulent transactions”. Michael
Curry, Vice President, IBM RegTech, commented:
“FIS
is taking aggressive steps to protect its clients against new and evolving
threats in the industry. IBM Safer Payments uses artificial intelligence
designed to deliver insights and to quickly adapt to a changing threat
landscape. This technology is yielding successful results for FIS and some of
the world’s largest and most complex payment portfolios.”
Global
Conversational AI Market to Reach $16.2 Billion by 2024
A report from Vynz Research finds that the global
Conversational AI market will grow to $16.2 billion by 2024 with a compound
annual growth rate (CAGR) of 29.2 percent in the forecast period 2019-2024. An
excerpt from the report description outlines drivers in the market:
Global
conversational AI market has been driven by several key factors, predominantly
increasing demand for AI-powered customer support services, increasing adoption
of artificial intelligence (AI) solutions in customer service application,
continuous focus of government on spending in AI-based technologies in
developed countries, increasing number of solution providers in the
conversational AI market, and positive Return on Investment (ROI) for companies
deploying conversational AI solutions.
Another excerpt outlines restraints in the market:
High
deployment cost of AI-powered chatbots hindering the adoption in small and
medium enterprises (SMEs), and low accuracy of AI Chatbots in handling customer
queries are hindering the growth of the conversational AI market, globally.
Sam
Mowers, Investorideas.com
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