#AIEye
#Podcast Episode 571: #Stocks discussed: (NYSE: $HPE) (NYSE: $HON)
#Artificialintelligence
HPE
Acquires Determined AI, and Honeywell Adds ML-Powered Analytics to Experion
Operator Advisor
Global
#AI Platforms Market to Grow $17.29B from 2020-2025
Point Roberts WA, Vancouver BC – June 21, 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/2021/062121-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/News/2021/artificial-intelligence/06211HPE-HON.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:HPE) (NYSE:HON)
Hewlett Packard Enterprise Company (NYSE:HPE) has acquired Determined AI, a San Francisco-based
startup that, according to the press release, “delivers a powerful and robust
software stack to train AI models faster, at any scale, using its open source
machine learning (ML) platform.” HPE plans to bring together Determined AI’s
solutions with its own AI and high performance computing (HPC) offerings “to
enable ML engineers to easily implement and train machine learning models to
provide faster and more accurate insights from their data in almost every
industry.” Justin Hotard, senior vice president and general manager, HPC and
Mission Critical Solutions (MCS), HPE, said:
"As
we enter the Age of Insight, our customers recognize the need to add machine
learning to deliver better and faster answers from their data. AI-powered
technologies will play an increasingly critical role in turning data into
readily available, actionable information to fuel this new era. Determined AI’s
unique open source platform allows ML engineers to build models faster and
deliver business value sooner without having to worry about the underlying
infrastructure. I am pleased to welcome the world-class Determined AI team, who
share our vision to make AI more accessible for our customers and users, into
the HPE family."
Honeywell International Inc. (NasdaqGS:HON) has added Operator Advisor to its Experion Highly
Augmented Lookahead Operations (HALO) suite, enabling plant owners “to
objectively measure gaps and drive operator effectiveness to the next level,”
with machine learning-powered analytics. Pramesh Maheshwari, vice president and
general manager, Lifecycle Solutions and Services, Honeywell Process Solutions,
explained:
"According
to the Abnormal Situation Management Consortium, 40% to 70% of industrial accidents
are linked to human error. This underscores the importance of deploying an
enterprise-wide competency program that empowers organizations and workers
through use of advanced technologies like machine learning to improve plant
performance, uptime, reliability and safety."
Global
AI Platforms Market to Grow $17.29B from 2020-2025
A report published by Technavio finds that the global AI Platforms
market will grow by $17.29 billion from 2020 to 2025 with a compound annual
growth rate (CAGR) of 34.62 percent in the forecast period 2021-2025. The
report identifies a “rise in demand for AI-based solutions,” and “investments
in AI start-ups,” as key factors driving the artificial intelligence platforms
market growth. North America is highlighted as the fastest-growing region in
the market:
North
America will register the highest growth rate of 69.04% among the other regions.
Therefore, the artificial intelligence platforms market in North America is
expected to garner significant business opportunities for the vendors during
the forecast period.
Sam Mowers, Investorideas.com
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