The
#AIEye #Podcast 537: #Stocks discussed: (NasdaqGS: $AMZN) (NYSE: $NOW)
AWS
Makes Amazon Lookout for Metrics Generally Available and ServiceNow Is
Acquiring RPA Firm Intellibot
Global
Speech and Voice Recognition Market to Reach $26.79B by 2025
Point Roberts WA, Vancouver BC – March 26, 2021 – 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/2021/032621-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2021/artificial-intelligence/03261AMZN-NOW.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:AMZN) (NYSE:NOW)
Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has announced the general availability of Amazon
Lookout for Metrics, which employs machine learning, and is described as “a new
fully managed service that detects anomalies in metrics and helps determine
their root cause.” Swami Sivasubramanian, Vice President of Amazon Machine
Learning for AWS, said:
"We’re
excited to deliver Amazon Lookout for Metrics to help customers monitor the
metrics that are important to their business using an easy-to-use machine
learning service that takes advantage of Amazon’s own experience in detecting
anomalies at scale and with great accuracy and speed."
ServiceNow, Inc. (NYSE:NOW) has signed an agreement to acquire India-based robotic process automation
(RPA) company, Intellibot. According to the press release, “Intellibot extends
ServiceNow’s core workflow capabilities by helping customers automate
repetitive tasks for intelligent, end-to-end automation,” and “ServiceNow
intends to build Intellibot's capabilities natively into the Now Platform to
enable customers to more easily integrate with both modern and legacy systems to
drive productivity and strengthen existing artificial intelligence (AI) and
machine learning (ML) efforts.” Josh Kahn, SVP of Creator Workflow Products at
ServiceNow, said:
"Our
customers represent nearly 80 percent of the Fortune 500, and the vast majority
are trying to drive automation across a mix of legacy and modern applications.
With Intellibot, we will extend ServiceNow’s ability to help customers connect
systems so they can easily automate workflows and drive productivity."
Global
Speech and Voice Recognition Market to Reach $26.79B by 2025
A report published by Meticulous Research finds that the global
Speech and Voice Recognition market will reach $26.79 billion by 2025 with a
compound annual growth rate (CAGR) of 17.2 percent in the forecast period
2019-2025. An excerpt from the report description outlines factors impacting
the market’s growth:
The
growth of the overall speech and voice recognition market is primarily driven
by factors, such as rising acceptance of advanced technology together with
increasing consumer demand for smart devices, a growing sense of personal data
safety and security, and increasing usage of voice-enabled payments and
shopping by retailers. Furthermore, consistent proliferation of advanced
technologies, such as artificial intelligence, and machine learning, speedy
expansion of the smart devices market, and increasing willingness to employ
voice assistants at websites or physical shops are also contributing to the
growth of speech and voice recognition technologies market. However, the high
cost of voice or speech-enabled smart devices and reluctance towards adopting
smart technologies, especially in elderly consumers is the biggest hindrance
for market growth.
Sam Mowers, Investorideas.com
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