The
#AIEye Episode 334: Accenture (NYSE: $ACN) to Acquire AWS (NasdaqGS: $AMZN) Cloud
Company Gekko and Nuance (NasdaqGS: $NUAN) Launches DAX Telehealth Solution
Global
#AI Market to Grow by $75.54 Billion from 2019 to 2023
Point Roberts WA, Vancouver BC – April 20, 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.
Listen
to today’s podcast:
Read
this in full at https://www.investorideas.com/news/2020/artificial-intelligence/04201AIEye-ACN-NUAN.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:ACN) (NasdaqGS:AMZN) (NasdaqGS:NUAN) (NasdaqGS:MSFT)
Accenture (NYSE:ACN)
has agreed to acquire Gekko, a French Amazon Web Services (AWS) (NasdaqGS:AMZN)
cloud services company. Olivier Girard, Accenture’s Geographic Unit managing
director for France and Benelux, explained the move:
"Aligned
with our development strategy, the acquisition of Gekko would be another
significant addition because it would give clients more support for public
cloud options. Gekko would also be a major opportunity to accelerate our growth
strategy in France. Accenture’s advantage is our ability to keep pace with
evolving customer expectations. Our clients call on Accenture to help them
innovate and transform their business. Gekko would bring key cloud, AI and
DevOps skills and would help us serve a greater and more diverse range of
clients in France and the broader European market."
Nuance Communications, Inc. (NasdaqGS:NUAN)
announced the launch of the Nuance Dragon Ambient eXperience
(DAX) solution for telehealth as a response to “the overwhelming increase in
virtual visits sparked by the COVID-19 global pandemic.” According to the press
release, the DAX was innovated by Nuance and Microsoft (NasdaqGS:MSFT),
and “is built on decades of healthcare experience, in-depth research
investments in conversational AI, and enterprise-focused cloud services.” Joe
Petro, CTO, Nuance, explained:
"Making
it easier to document patient care from virtually anywhere has been our mission
for decades, and it's even more important today. We are committed to helping
our customers who are literally on the front lines of a global effort to battle
a pandemic and care for patients. That means accelerating innovation – with the
use of Nuance DAX for telehealth – is essential to meet these demands now and
as we eventually reach a new normal."
Global
AI Market to Grow by $75.54 Billion from 2019 to 2023
A report from Technavio finds that the global market for AI
will grow by $75.54 billion from 2019 to 2023 with a compound annual growth
rate (CAGR) in excess of 33 percent in the forecast period. An excerpt from the
report snapshot outlines some of the key drivers observed in the market:
Al
has evolved into an employee support system as it improves communication, completes
vital tasks, and deploys health-focused strategies for well-being.
Additionally, Al is also replacing workplace surveys and board-room discussions
that are used to generate data on human performance across various parameters.
Moreover, AI is highly-efficient when compared to manual methods as it is
faster, offers customized insights to managers and HR, and helps in monitoring
organization-wide performances in real-time.
In
addition to the benefits of AI, the rise in cloud-based AI services will also
contribute to the growth of the global AI market that will register a CAGR of
over 33% during the forecast period. There is an increase in the demand for
cloud-based Al products and services as the adoption of Al technologies in the
on-premises data center is expensive. This is inducing major public cloud
players to leverage their technical expertise to offer different cloud-based Al
products and services. Al-powered applications are used in a wide variety of
use cases including recommendation engines, pricing optimization, lead
generation, chatbots, and supply chain optimization.
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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