#AIEye
Episode 426: Wipro (NYSE: $WIT) Publishes Intelligent
Enterprises Report with #AI Findings, and Sonasoft’s (OTC: $SSFT) AI Bot is
Saving Millions for DEC Members
AI
in Social Media Market to Reach $3.714 Billion by 2025
Point Roberts WA, Vancouver BC – September 4, 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:
https://www.investorideas.com/Audio/Podcasts/2020/090420-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2020/artificial-intelligence/09041AIEye-WIT-SSFT.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:WIT) (OTC:SSFT)
Wipro Limited (NYSE:WIT)
published a report titled State
of Intelligent Enterprises, which emphasizes the role of Artificial
Intelligence, Analytics, Machine Learning, Deep Learning and Automation in solving
business problems and driving innovation in the future. Notably, one of the
report’s key findings was that:
95%
of business leaders surveyed see AI as critical to being Intelligent
Enterprises, yet, currently, only 17% can leverage AI across the entire
organization.
Jayant Prabhu, Vice President & Head - Data,
Analytics & AI, Wipro Limited, commented:
"Organisations
now need new capabilities to navigate the current challenges. The report
amplifies the opportunity to gain a first-mover advantage to being Intelligent.
The ability to take productive decisions depends on an organization’s ability
to generate accurate, fast and actionable intelligence. Successful
organisations are those that quickly adapt to the new technology landscape to
transform into an Intelligent Enterprise."
Sonasoft Corp. (OTC:SSFT), through its AI bot solution, is helping Delaware Electric Cooperative (DEC)
members save millions on their electricity bills by providing more accurate
peak forecasts. Ankur Garg, Chief AI Strategy Officer at Sonasoft, explained:
“Sonasoft’s
AI solutions are built on our unique NuGene engine. NuGene takes data from
multiple disparate sources and is able to spot relevant correlations that other
AI tools simply miss. Even better, the models leverage continuous learning.
This allows them to become more and more accurate as well as giving them the
flexibility to adapt to changing circumstances.”
AI
in Social Media Market to Reach $3.714 Billion by 2025
A report from Mordor Intelligence finds that the global AI
in Social Media market will grow from $815.33 million in 2019 to $3.714 billion
by 2025 with a compound annual growth rate (CAGR) of 28.77 percent in the
forecast period 2020-2025. The following excerpt outlines the role of AI in
Social Media for the retail sector:
● AI is enabling the retail industry to
provide personalized product recommendations, data-driven in-store experiences
and image recognition search through consumer’s social posts uncovering hidden
patterns in the massive datasets.
● According to a recent study by IBM
Corporation, 91% of retail executives familiar with Artificial Intelligence
believe that it will play a disruptive role in their organization.
●
For
retailers like Target, Walmart, and others, which depend on increased consumer
expenditure and strong competition from e-commerce platforms, AI adoption for
boosting sales and loyalty is crucial.
Sam Mowers, Investorideas.com
Read
and hear other editions of the AI Eye
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