The
#AIEye: Cisco (NasdaqGS: $CSCO) Announces #IoT Portfolio Innovations Including #MachineLearning
and Wipro (NYSE: $WIT) Digital Acquires CX Firm Rational Interaction
Global
#AI in Construction Market to Reach $2.642 Billion by 2026
Point Roberts WA, Vancouver BC – February 21, 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:WIT)
Cisco Systems, Inc. (NasdaqGS:CSCO)
has announced improvements to its IoT portfolio
including the introduction of “machine learning capabilities for improved
cellular IoT connection management, control, and increased security.” An
excerpt from the press release explains:
With
visibility into 3 billion events every day, Cisco IoT Control Center uses the
industry's broadest visibility to enable machine learning models to quickly
identify anomalies and address issues before they impact a customer. Service
providers can also identify and alert customers of errant devices, allowing for
greater endpoint security and control.
The press release features the following comment from
Cisco partner Astus:
"Our
business is fleet management, which means we need to know where our assets are
at all times. The human capital required to manufacture that level of
visibility is demanding. But by building the power of machine learning into our
connectivity management, Control Center is effectively giving us automatic
visibility and the freed resources to be proactive. Instead of crunching data,
our staff is free to do the high value work of chasing down security threats or
malfunctions that we've been alerted to and resolving them before they do
damage."
Wipro Digital, the digital business unit of Wipro
Limited (NYSE:WIT), has announced the acquisition of digital customer experience (CX)
company Rational Interaction. According to the press release, this will connect
“Rational Interaction's ability to map and orchestrate the customer journey
with Wipro Digital's ability to design and build experiences at global scale.”
Nitin Parab, Sr. Vice-President and Global Head, Technology Business Unit,
Wipro Limited, said:
"Capturing
customer sentiment in real time and using AI to engage with customers in more
meaningful ways will drive higher engagement, purchase and loyalty. Rational
Interaction and Wipro's combined capability provides an end-to-end solution for
clients, who know they have to compete on customer experience.”
At press time Wipro stock is up half a percent. This is
somewhat at odds with the S&P 500 and Dow, which are both slightly in the
red currently.
Global
AI in Construction Market to Reach $2.642 Billion by 2026
A report from Research Dive finds that the global AI
in Construction market will grow from $408.1 million in 2018 to $2.642 billion
by 2026 with a compound annual growth rate (CAGR) of 26.3 percent in the
forecast period. An excerpt outlines expected drivers in the market:
The
cost efficiency and the availability of advanced artificial intelligence
products are expected to drive the AI in construction market. Many large
companies hire the experts going over budget and spend a lot of time hiring the
professionals for their project team. With the help of artificial neural
networks, the professionals calculate the overhead cost, where they predict the
total cost of the project based on the historical data with accurate
information which saves a lot of money and time for the company. Many companies
have implemented the use of robots, drones and many other automated vehicles
which gives them the aerial view of the construction site, mapping and
surveying, which helps them to automate the construction site which increases
the work efficiency of the workforce.
Sam Mowers, Investorideas.com
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a list of artificial intelligence stocks on Investorideas.com visit
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