The
#AIEye: Wipro (NYSE: $WIT) Recognized as #AI Leader in New Forrester Report and
LogMeIn (Nasdaq: $LOGM) Launches New Services for Bold360 Platform
Global
AI in Construction Market to Grow $1.13 Billion from 2019-2023
Point Roberts WA, Vancouver BC – December 12, 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:WIT) (NasdaqGS:LOGM)
Wipro Limited (NYSE:WIT)
has been recognized as a leader by global research and
advisory firm Forrester Research Inc. in the latter’s recently-published
report, The Forrester Wave™: AI
Consultancies, Q3 2019. Phil Dunmore, Managing Partner and Head of Global
Consulting Group, Wipro Limited, commented:
"AI
and Intelligent Automation is changing the very fabric of society, business,
and governance. It is disrupting processes, creating new business models and
delivering exceptional customer experiences. One of the major hurdles in
harnessing the power of AI by businesses is the challenge posed by change
adoption and scaling AI culture to enterprise level. Using AI led Automation
Advisory and Wipro HOLMES™ platform, we help enterprises overcome these
challenges by creating outcome-based roadmaps, agile delivery, innovative
service models and seamless customer experience. Our customers have spoken on
our behalf in this report and we believe that being recognized as a Leader in
the Forrester Wave is a testament to our AI and Automation transformation and
consulting services capabilities."
LogMeIn, Inc. (NasdaqGS:LOGM) is launching new services for its Bold360
platform, including an AI-powered chatbot, to help transform leading messaging
apps. Neil Stotesbury, Customer Service Manager, Netflights, commented:
“Creating
great experiences for our customers is really important to us and our business,
so we’re always looking for better ways to engage. Our goal is to have
customers be able to use their preferred channel – whether chat, phone, email
or WhatsApp – to complete a booking or seek additional information. Bold360 is
helping us meet this through addressing customer queries quickly and smoothly
across all digital channels. Additionally, having full visibility into the
entire customer conversation regardless of the channel is ideal. It’s been
great to see how we can scale our digital support without compromising the
quality of our interactions with customers.”
Global
AI in Construction Market to Grow $1.13 Billion from 2019-2023
A report from Technavio finds that the global AI in
Construction market will grow $1.13 billion from 2019 to 2023, with a compound
annual growth rate (CAGR) exceeding 28 percent in the forecast period. An
excerpt from the report snapshot reads:
The
increasing demand for data integration and visual analytics is one of the critical
reasons that will drive the growth of AI in the construction market. The need
for data integration solutions is increasing due to the growth in data
proliferation and complexities. Several end-user industries are focusing on
exploring and analyzing various types of data by adopting AI-powered video
analytics systems. Additionally, they are also focusing on obtaining dynamic
data representation by integrating their businesses with business analytics
software.
End-user
industries such as healthcare, energy, finance, construction, and advertisement
sectors extensively rely on AI. As a result, investors are heavily investing in
AI start-ups, which in turn, will increase M&A. This growing preference
towards making huge investments in AI startups, coupled with the need for data
integration and visual analytics will accelerate AI in construction market
growth at a CAGR of over 28% during the forecast period.
Sam
Mowers, Investorideas.com
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