#AIEye Episode 447: NVIDIA (NasdaqGS: $NVDA) Announced Maxine #AI Video Conferencing Platform, Nuance (NasdaqGS: $NUAN) and H&M Integrate Virtual Assistant and Live Chat
Global
Network Automation Market – Driven by AI, ML Adoption – to Reach $8.9 Billion
by 2025
Point Roberts WA, Vancouver BC – October 6, 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:NVDA) (NasdaqGS:NUAN)
NVIDIA Corporation (NasdaqGS:NVDA) has announced the NVIDIA Maxine
platform, described in the press release as “a cloud-based suite of
GPU-accelerated AI video conferencing software to enhance streaming video.” The
platform’s users can leverage AI solutions, such as gaze correction,
super-resolution, noise cancellation, and face relighting. Additionally,
conversational AI services including translations, closed captioning and
transcriptions can be employed by users. Ian Buck, vice president and general
manager of Accelerated Computing at NVIDIA, explained:
“Video
conferencing is now a part of everyday life, helping millions of people work,
learn and play, and even see the doctor. NVIDIA Maxine integrates our most
advanced video, audio and conversational AI capabilities to bring breakthrough
efficiency and new capabilities to the platforms that are keeping us all
connected.”
Nuance Communications, Inc. (NasdaqGS:NUAN) and global clothing retailer
H&M (OTC:HNNMY) have announced the integration of
the former’s virtual assistant and live chat deployment to Google’s Business
Messages, allowing H&M “to take advantage of new messaging channels while
leveraging the same AI-engine core to its successful virtual assistant and live
chat deployment – to enable more seamless cross-channel customer experiences,
reducing contact center call volumes, and increasing digital interactions.”
Tony Lorentzen, Senior Vice President, Intelligent Engagement at Nuance, said:
"With
the explosion of digital engagements, especially in the retail sector, we're
hearing from customers more about the need to better optimize and handle
consumer engagements and service requests across channels. The differentiator
with Nuance technology is that we can partner to build one virtual assistant
and extend that system to whichever channel an organization wants to leverage
for engagement. Google's Business Messages is one example, where we are further
enabling H&M to give customers more convenient options to get their
questions answered without ever having to pick up the phone."
Global
Network Automation Market – Driven by AI, ML Adoption – to Reach $8.9 Billion
by 2025
A report published by Research and Markets finds that the global
Network Automation market will grow from $2.9 billion in 2020 to $8.9 billion
by 2025, with a compound annual growth rate (CAGR) of 24.8 percent in the
forecast period. According to the report description:
The
major factors driving the growth of the network automation market include
increasing network traffic and cloud infrastructure leading to a significant
transition in data centers, increasing adoption of connected devices,
increasing adoption of automation technologies such as AI and machine learning,
rising adoption of virtual and software-defined infrastructure, and surge in
human error rates in manual systems causing network downtime.
Sam Mowers, Investorideas.com
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