#AIEye
#Podcast 586: #Stocks discussed: (NYSE: $IBM) (NYSE: $AYX) #artificialintelligence
IBM’s
AI-Powered The Weather Company Named “Most Accurate Provider Globally,” and
Alteryx Achieves Elite Technology Partner Status in Snowflake Partnership
Network
Global
#AI in Big Data Analytics and IoT to Reach $27.3B by 2026
Point Roberts WA, Vancouver BC – July 30, 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
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https://www.investorideas.com/Audio/Podcasts/2021/073021-AI-Eye.mp3
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this in full at https://www.investorideas.com/news/2021/artificial-intelligence/07301IBM-AYX.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:IBM) (NYSE:AYX)
The Weather Company, a subsidiary of IBM (NYSE:IBM), was named “the overall most accurate provider
globally" by ForecastWatch, described in the press release as “a premier
organization for evaluating the accuracy of weather forecasts.” Sheri
Bachstein, CEO of The Weather Company and GM of IBM Watson Advertising, said:
"A forecast is most helpful when it comes from a
recognized, trusted source, and the pursuit of accuracy is at the foundation of
what we seek to provide to help customers, consumers and marketers to make
important decisions every day. The study is evidence of how IBM is helping
advance the science of weather forecasting through continued innovations in AI,
data and cloud computing."
An excerpt from the press release outlines the role of
AI in weather forecasting:
Artificial
intelligence is a critical tool for meteorologists to make sense of billions of
unstructured weather data points produced by satellites, ground sensors,
radars, and more. With advanced machine learning algorithms and computing power
from IBM, meteorologists at The Weather Company can use this data to simulate
atmospheric conditions and better anticipate the weather forecast.
Alteryx, Inc. (NYSE:AYX) has announced that it has achieved Elite Technology Partner status in
the Snowflake Partner Network, helping customers to “achieve unified data prep,
analytics, data science and analytic automation all on one platform.” Nitin
Brahmankar, vice president, ISV & global partner ecosystem, Alteryx,
commented:
"We
are excited to achieve Elite status as we continue to see more customers run
Alteryx automated analytics and data science on Snowflake. Our expanded
partnership that includes Snowflake Partner Connect and Snowpark delivers
exceptional ease-of-use for business users and citizen data scientists with a
single integrated solution for high-performance analytics and machine
learning.”
Global
AI in Big Data Analytics and IoT to Reach $27.3B by 2026
A report published by Research and Markets finds that the global AI
in Big Data Analytics and IoT market will grow to $27.3 billion by 2026. An
excerpt from the report’s description outlines the role of AI in the market:
AI
coupled with advanced big data analytics provides the ability to make raw data
meaningful and useful as information for decision-making purposes. The use of
AI for decision making in IoT and data analytics will be crucial for efficient
and effective decision making, especially in the area of streaming data and
real-time analytics associated with edge computing networks. Real-time data
will be a key value proposition for all use cases, segments, and solutions. The
ability to capture streaming data, determine valuable attributes, and make
decisions in real-time will add an entirely new dimension to service logic. In
many cases, the data itself, and actionable information will be the service.
Sam Mowers, Investorideas.com
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