The
#AIEye: Microsoft (Nasdaq: $MSFT) Rebrands ‘Flow’ as ‘Power Automate’ with
Additional Capabilities and HPE (NYSE: $HPE) Combines Offering to Allow Cloud
Advances
Industrial
Automation Market to Hit $296.7 Billion by 2026
Point Roberts WA, Vancouver BC – November 4, 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:MSFT) (NYSE:HPE)
Microsoft (NasdaqGS:MSFT) has rebranded its workflow automation software Flow
as Power Automate, with additional robotic process automation (RPA)
capabilities and virtual agents, according to VentureBeat. Charles Lamanna, CVP at Microsoft,
told VentureBeat:
“You’ll
be able to create a chatbot that can work inside of Teams, in a Facebook Group,
[and] text message, as well as in a little control that you can embed in your
application. You’ll be able to build entire experiences by clicking and
dragging and dropping, without having to write any code.”
Microsoft has also partnered with FortressIQ,
leveraging the latter’s computer vision, machine learning, and AI-powered
platform that “will deliver the ability to programmatically create a flow or UI
flow directly from within their service”. Pankaj Chowdhry, CEO and Founder,
FortressIQ, commented:
“Microsoft’s
RPA offering is a game-changer. We’re thrilled to be partnering with Microsoft
to combine RPA and Power Automate with Fortress IQ’s AI-powered Process
Discovery platform to significantly accelerate the path to and multiply the
impact from automation.”
Hewlett Packard Enterprise Company (NYSE:HPE) has announced combined intelligence and
composability offerings through the integration of its “artificial intelligence
(AI) and machine learning-driven HPE Primera storage platform with the
composability in HPE Synergy and HPE Composable Rack. According to the press
release, this development will enable “customers to deliver services on an
intelligent cloud platform, offering the flexibility to support any application
and service level agreement (SLA) with cloud-like agility, extreme resiliency,
and seamless scalability”. Mat Mathews, VP and GM, Composable Networking, HPE,
said:
“Customers
want more than table stakes software-driven automation, and only HPE offers the
combination of software- and intelligence-driven automation in a composable
solution, transforming on-premises infrastructure to be more cloudlike.”
Industrial
Automation Market to Hit $296.7 Billion by 2026
A report from Fortune Business Insights finds that the global
Industrial Automation market will grow from $157.05 billion in 2018 to $296.70
billion by 2026 with a compound annual growth rate (CAGR) of 8.4 percent in the
forecast period. The report identifies AI and Industry 4.0 as a key driver in
the market. An excerpt reads:
The
increasing adoption of technologies such as industrial 4.0, artificial
intelligence (AI) based smart robots, IoT, and others, helps to reduce the
manufacturing cost and offer enhanced quality and reliability to the product.
These factors are very important for companies to withstand a leading position
in the competitive market. Key players are focused on mergers and collaboration
to discover new opportunities by adopting IoT technologies.
Sam
Mowers, Investorideas.com
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