The
#AIEye: Cisco (NasdaqGS: $CSCO) Partners with Oxbotica for Autonomous Vehicle
Solutions, IBM (NYSE: $IBM) Announces Strategic Alliance with C3.ai for #AI
Digital Transformation, Accenture (NYSE: $ACN) Acquires Mudano
Global
AI #Cybersecurity Market to Reach $38.2 Billion by 2026
Point Roberts WA, Vancouver BC – February 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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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:CSCO) (NYSE:IBM) (NYSE:ACN)
Autonomous vehicle software firm Oxbotica and Cisco
Systems, Inc. (NasdaqGS:CSCO) have partnered to solve the large data transfer
challenge for autonomous vehicle fleets. They plan to do this through the
OpenRoaming platform, a “a Cisco-initiated federation of providers utilising
standards-based wireless technology.” Ozgur Tohumcu, CEO at Oxbotica, said:
"As
part of our Universal Autonomy vision, our pioneering software already reduces
the amount of data sharing that is required, allowing vehicles to operate
wherever they are, with or without network connection. In fact, our software
has been designed to operate not dependent on any infrastructure, so it can
understand the vehicle's environment in infinite detail. However, we fully
recognise that in an autonomous world, fleets will need to upload and download
vast amounts of data and the partnership with Cisco offers us the chance to
solve one of the greatest data challenges of the future, already today."
IBM (NYSE:IBM) has announced a global strategic alliance with
leading enterprise AI software provider C3.ai for digital transformation with
AI. This will involve the joint development, marketing, selling and deployment
of AI applications supported by the C3 AI Suite and IBM Services. Jesus Mantas,
Managing Partner, IBM Global Business Services, explained:
"Businesses
need to move beyond experimenting with limited-impact AI applications,
constrained by quality and availability of data, and implement industrial
strength, scaled deployments of mission critical AI applications that deliver impact
at scale in months, not years. The combination of C3.ai, IBM Services, and IBM
Watson can help businesses rapidly embed AI into their critical workflows,
enabling our clients to move to the future at pace."
Accenture (NYSE:ACN) has completed the acquisition of Mudano, a “strategic data
consultancy to U.K. financial services firms,” which leverages machine learning
and AI research. The Mudano team will join Accenture’s Applied Intelligence,
described as the latter’s “approach to scaling AI for our clients.” An excerpt from
the press release provides an outline of Applied Intelligence:
We
embed AI-powered data, analytics and automation capabilities into business
workflows to accelerate time to value. Our expertise in defining end-to-end
strategy, combined with deep data infrastructure capabilities, cognitive
services and industrialized accelerators help smooth clients’ path to AI
adoption, extending human capabilities and supporting clients in scaling AI
responsibly. Recognized as a leader by industry analysts, we collaborate with a
powerful global alliance, innovation and delivery network to help clients
deploy and scale AI within any market and industry.
Global
AI Cybersecurity Market to Reach $38.2 Billion by 2026
Research published from ReportsnReports finds that the global AI
in Cybersecurity market will grow from $8.8 billion in 2019 to $38.2 billion by
2026 with a compound annual growth rate (CAGR) of 23.3 percent. An excerpt from
the report description outlines the market drivers:
Major
drivers for the market’s growth are growing adoption of IoT and increasing
number of connected devices, rising instances of cyber threat, growing concerns
of data protection, and increasing vulnerability of Wi-Fi networks to security
threats. Furthermore, underlying opportunities for the AI in cybersecurity
market include growing need for cloud-based security solutions among SMEs and
increased use of social media for business functions. Major restraints for the
market are the inability of AI to stop zero-day and advanced threats, and rise
in insider cyber threats. Limited number of cybersecurity and AI professionals,
and lack of interoperability with existing information systems pose major
challenges to the AI in cybersecurity market.
Sam Mowers, Investorideas.com
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