The
#AIEye: Verizon (NYSE: $VZ) Teams Up with Honeywell (NYSE: $HON) for Utilities
and Smart Grid Enhancement, NICE (Nasdaq: $NICE) CXone Integrates #AI-Powered
Sentiment Analysis
Global
Market for Neural Network Software to Reach $50.66 Billion by 2025
Point Roberts WA, Vancouver BC – January 29, 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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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:HON) (NYSE:VZ) (NasdaqGS:NICE)
Verizon Communications Inc. (NYSE:VZ) has teamed up with Honeywell International Inc. (NYSE:HON) in an effort to accelerate and
streamline “the deployment of new communication-enabled, intelligent sensors
and controls for the smart electric grid,” for utilities. This will be achieved
through the integration of Verizon’s Managed Connectivity LTE solutions into Honeywell’s
next-gen smart meters and utilities solutions. An excerpt from the press
release reads:
The
open secure edge computing and networking platform enables Honeywell to
incorporate sophisticated technologies like artificial intelligence and machine
learning into its meters. The two companies are also working to explore how 5G
can transform the utility industry through higher bandwidth, faster speeds and
low latency, enabling advanced industrial automation and control solutions
along with real-time analytics.
Ann Perreault, director, Connected Utilities, Honeywell
Smart Energy, explained:
“The
Honeywell portfolio of utility applications and analytics expands with the new
capabilities of wireless IoT. By taking advantage of an already built, cellular
infrastructure, our utility customers can more quickly deploy new capabilities
based on interoperable communications, allowing them to facilitate innovation.
This means that it is easier and more cost effective for utilities to apply
analytics to plan for energy demand and to integrate emerging new technologies
including micro-renewable generation, electric vehicles, battery storage and
semi-autonomous control into the next evolution of the grid.”
Verizon’s stock is down a bit at around 1.7 percent
today, while Honeywell is enjoying a modest uptick of around 1 percent at press
time. It’s difficult to say whether today’s news affected either’s stock, both
having recently experienced a slight downtrend over the last week or so.
NICE Ltd. (NasdaqGS:NICE) announced that its CXOne cloud platform has
integrated AI-powered Sentiment Analysis data on top of intelligent routing “to
hyper-personalize customer and employee experiences.” As a result, CXone
considers customer preferences and personality when connecting employees and
customers in real-time. Barry Cooper, President, NICE Enterprise Group,
commented:
"Redefining
personalization, businesses can now differentiate by driving engaging
connections that excite customers and motivate employees. With today’s
announcement, organizations can now drive customer experience transformation
within their business using AI to precisely match the right agent with the
customer based on personality and preferences."
Like Honeywell, NICE stock has seen an uptick today
(+1.3%). Like both stocks mentioned previously, it looks to be climbing out of
a downtrend that seems to be part of the broader slump inflicted over the
weekend by Coronavirus concerns.
Global
Market for Neural Network Software to Reach $50.66 Billion by 2025
A report from Research and Markets finds that the global
Neural Network Software market is projected to grow from $8.3 billion in 2019
to $50.66 billion by 2025, with a compound annual growth rate (CAGR) of 35.2
percent in the forecast period. An excerpt from the report’s Market Overview reads:
The
artificial neural network was completely neglected in the early stage of
artificial intelligence development, then gradually recognized and became a
large-scale algorithm that is leading the AI development trend.
●
The
adoption of IoT and connected devices is generating vast structure and
unstructured data available with the companies, and it was a tedious job for
the processing it, but now with the emerging analytical tools covered the gap
and driving the demand for the neural network software market.
●
Moreover,
in the analytics field, the trend towards predictive and prescriptive analytics
passing over descriptive analytics is driving the growth of neural network
software market. The trend is booming as the neural network software offers
complete customization according to the application.
●
The
increasing industrial automation across the sectors globally is boosting the development
of machine learning and its applications in almost all the industries. However,
due to the lack of expertise globally, slow adaptation due to operational
challenges are restricting market growth.
Sam Mowers, Investorideas.com
For
a list of artificial intelligence stocks on Investorideas.com visit
here
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