#AIEye
Episode 408: Jack in the Box (NasdaqGS: $JACK) Goes all in with AWS (NasdaqGS:
$AMZN) and Coca-Cola European Partners (NYSE: $CCEP) Signs Acceleration
Agreement with IBM (NYSE: $IBM)
Global
Online Payment Market – Driven by AI – to Reach $17.64 Trillion by 2027
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this in full at https://www.investorideas.com/news/2020/artificial-intelligence/08111AIEye-JACK-AMZN-CCEP-IBM.asp
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Stocks
discussed: (NasdaqGS:AMZN) (NasdaqGS:JACK) (NYSE:CCEP) (NYSE:IBM)
Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has announced that Jack in the Box Inc. (NasdaqGS:JACK) has “migrated from its
on-premises data centers to AWS, improving the performance and reliability of
its IT infrastructure, and positioning the company to better serve customers in
the digital age.” According to the press release, “going all-in on AWS means
Jack in the Box can leverage AWS’s broad portfolio of machine learning (ML) services
to reveal more powerful insights into its customers’ tastes and habits.” Drew
Martin, Chief Information Officer, Jack in the Box, said:
"AWS
gives us the ability to be a more flexible, resilient, and data-driven
organization, which is essential for our business to understand and adjust to
the impacts of challenges such as COVID-19, flexibly scaling and contracting
our resources to optimize how we operate."
The world's largest Coca-Cola bottler based on revenue,
Coca-Cola European Partners (NYSE:CCEP), has signed a multiyear agreement with IBM (NYSE:IBM) to “accelerate its transformation to
an open hybrid cloud environment using Red Hat OpenShift and Red Hat Enterprise
Linux,” and “leverage analytics and Artificial Intelligence (AI) in its daily
operations to bring enhanced business insights and deliver greater service to
its millions of customers.” Peter Brickley, Chief Information Officer of
Coca-Cola European Partners, said:
“Our
successful collaboration with IBM over the last few years has given us the confidence
to take the next step in our strategic cloud-first digital transformation. The
selection of IBM's hybrid cloud architecture with Red Hat OpenShift gives us
the flexibility to optimize across different public cloud platforms according
to our future needs."
Global
Online Payment Market – Driven by AI – to Reach $17.64 Trillion by 2027
A report from Fortune Business Insights finds that the
global Online Payment market will grow from $3.28 trillion in 2019 to $17.64
trillion by 2027 with a compound annual growth rate (CAGR) of 23.7 percent in
the forecast period 2020-2027. An excerpt from the report summary outlines the
role of AI in the market’s growth:
The
payment industry is expected to incorporate Artificial Intelligence (AI) to
drive its increasing transactional volume and to enhance payment processing.
Also, to detect payment fraud, AI is being adopted for tracking the customer
data rapidly and efficiently. Machine learning algorithms can leverage
historical records to determine patterns and predict the possibility of fraud
and attacks before they occur. Similarly, AI offers easy and improved customer
service by using the insights collected from the customer’s transaction data.
Sam Mowers, Investorideas.com
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