#AIEye #Podcast Episode 481: NICE (NasdaqGS: $NICE) Announces Next-Gen of #AI-Powered IFM-X Platform, and Minerva Signs (TSXV: $MVAI.V) Contract with Freeport Resources (TSXV: $FRI.V) for AI Mining Solutions; #artificialintelligence
Global
AIOps Market to Reach $23.7 Billion by 2025
Point Roberts WA, Vancouver BC – November 23, 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:NICE) (TSXV:MVAI) (TSXV:FRI)
NICE Actimize, a subsidiary of NICE Ltd. (NasdaqGS:NICE), has announced the next-gen version of its AI and
machine learning-powered Integrated Fraud Management (IFM-X) platform.
According to the press release, this new version “introduces new capabilities
that support financial services firms’ digital acceleration strategies with
fraud management solutions for digital, real-time and open banking channels.”
Craig Costigan, CEO, NICE Actimize, explained:
"Financial
services organizations require advanced data capabilities and automation to
support their journey of digitalization to stay competitive and provide optimal
customer experiences. New market factors are influencing financial
institutions’ strategies, including their reliance on specialized fraud
solutions which enable scalable fraud coverage across an increasingly complex
environment. The AI-driven IFM-X platform is designed to address these evolving
needs."
Minerva Intelligence Inc. (TSXV:MVAI)
has signed a contract with mining company Freeport
Resources Inc. (TSXV:FRI) to provide the latter with its TERRA
Mining AI suite, including the Company's DRIVER, TARGET, SOLACE and LEO
solutions. Freeport will apply these solutions to its Star Mountains project in
Papua New Guinea “to enhance its next phases of surface and sub-surface
exploration.” Minerva CEO Scott Tillman said:
"We
continue to see growing demand for our TERRA Mining AI solutions as innovative
companies such as Freeport actively seek out technologies that make their
workflow processes more efficient and more insightful. The Star Mountains
project reaffirms the value Minerva's AI technology can bring to the mining and
explorations sectors, and we look forward to quickly providing deep insights
into Freeport's newly acquired data assets."
Global
AIOps Market to Reach $23.7 Billion by 2025
A report published by Adroit Market Research finds that the global
AIOps market will grow to $23.7 billion by 2025. The report describes AIOps as
“a cognitive platform that leverages advanced technologies such as AI/ML and
predictive analytics to improve IT operations management.” An excerpt from the
report summary outlines the factors influencing the market’s projected growth:
This
can be attributed to the increasing investments in digital transformation and
the growing adoption of cloud and hybrid infrastructure. Meanwhile, it is
essential to have skilled employees or users in the operations team to improve
process efficiency. It has been observed that these teams lack people capable
of understanding AIOps outcomes and take necessary actions quickly. therefore,
the limited availability of skilled users will hamper the growth of the AIOps
market.
Sam Mowers, Investorideas.com
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