The
#AIEye: Google (Nasdaq: $GOOG) Cloud to be #Cloud Provider for Accenture (NYSE:
$ACN) INTIENT, IBM (NYSE: $IBM) Adds #AI to Intelligent Real Estate Solution, Cisco
(Nasdaq: $CSCO) Introduces AI Voice Intelligence to Webex Platform
AI
in Retail to Hit $10.9 Billion by 2025
Point Roberts WA, Vancouver BC – January 28, 2020 – 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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this in full at https://www.investorideas.com/news/2020/artificial-intelligence/01281AIEye-GOOG-ACN-IBM-CSCO.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:GOOG) (NYSE:ACN) (NYSE:IBM) (NasdaqGS:CSCO)
An announcement today reveals that Google’s (NasdaqGS:GOOG) Google Cloud will be the cloud
technology provider for Accenture’s (NYSE:ACN) INTIENT life sciences industry
platform.The agreement will combine Google’s AI and cloud functions with
Accenture’s life sciences services and platforms with the aim of improving data
security and accessibility for life sciences organizations. Tariq Shaukat,
president at Google Cloud, commented:
"We’re
excited to partner with Accenture to transform the life sciences industry with
cloud technologies. Our shared goal is to accelerate developments in treatments
by leveraging powerful Google Cloud capabilities, such as AI and data
analytics, to gain insights that correlate symptoms, events, and treatments in
new and unexpected ways."
Both Google and Accenture are in the green today,
having inched out of a minor downtrend over the weekend. Given the scope of
both companies’ operations, it’s difficult to say whether this particular news
played a part in their uptick today, or if this is merely an instance of the
market correcting itself.
IBM (NYSE:IBM) introduced AI into its TRIRIGA solution for
intelligent real estate and facility management. According to the press
release, “This provides customers operating large real estate portfolios with
insights to help them make smarter data-driven decisions about the way they
manage their workspace,” by embedding AI into WiFi and IoT sensors. This
development is manifest in the new AI-powered smart, conversational TRIRIGA
Assistant, which is accessible to building occupants. Marianne Flores,
director, Global Real Estate Integrated Solutions, IBM, explained:
"TRIRIGA's
embedded AI will allow us to collect and analyze information quickly at a
global level. With this information, we will be able to address one of our
biggest challenges – balancing our portfolio while creating an environment that
is attractive to our employees, helps boost their productivity and improves our
bottom line."
IBM stock is enjoying a modest uptick of about 1.67
percent at press time. Again, this could very likely be down to a general lift
in the market following the weekend downtrend.
Cisco Systems, Inc. (NasdaqGS:CSCO) announced the introduction of new AI-powered voice
intelligence capabilities to its Webex platform for web conferencing and
videoconferencing applications. The press release indicates that these
developments were spurred by Cisco’s recent acquisition of software company
Voicea, which itself leverages AI-powered voice recognition to power AI
assistants. Sri Srinivasan, Senior Vice President and General Manager, Team
Collaboration at Cisco, explained:
"Voicea
users have reported saving more than six hours per week per user with more
actionable and efficient meetings – and we believe Webex users will experience
similar results. We're excited to bring this and other cognitive features to
the 300 million users we already serve with Cisco Collaboration. This
technology will fundamentally change how we are able to deliver massively
personalized experiences and transform the way we work."
As with the other stocks discussed today, Cisco has
seen a modest uptick today.
AI
in Retail to Hit $10.9 Billion by 2025
A report from Research and Markets finds that the Artificial
Intelligence in Retail market is projected to grow from $1.8 billion in 2019 to
$10.9 billion by 2025 with a compound annual growth rate (CAGR) of 35 percent
in the forecast period. An excerpt from the report description outlines the
market overview:
●
The
machine learning and deep learning technologies are expected to have the most
significant market share during the forecast period. Organizations in the
retail industry are using machine learning and deep learning technology to
offer a more personalized experience to the end users as well as to provide an
interactive environment to them. Moreover, the growing trend of rising
technology adoption can be associated with the need for streamlining retail
operations, minimizing efforts, and increasing revenue mostly for e-commerce
retailers.
●
The
use of artificial intelligence in retail spans every aspect of the industry.
Whether the goal is to optimize the supply chain, use existing data to increase
conversion, or customize shopping experiences with predictive modeling and
micro-targeting or pricing, AI can help meet these challenge in the retail
space.
●
The
AI equipped retailers with sharper forecasting tools will help in making smarter
business decisions. The use of algorithms increases visibility into ROI
implications, translating to results like lower costs and higher sales. AI has
brought real disruption to the retail sector by improving efficiency, as well
as prediction.
Sam Mowers, Investorideas.com
For
a list of artificial intelligence stocks on Investorideas.com visit here or become an Investor Ideas member
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