#AIEye
#Podcast 581: #Stocks discussed: (NYSE: $ACN) (NasdaqGS: $ZM) (NasdaqGM: $FIVN)
#ArtificialIntelligence
Accenture
Acquires Toronto-based Cloudworks and Zoom Enters Agreement to Acquire Five9
Global
#AI Market to Reach $299.54B in 2026
Point Roberts WA, Vancouver BC – July 19, 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/2021/071921-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2021/artificial-intelligence/07191ACN-ZM-FIVN.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Accenture (NYSE:ACN) has acquired Cloudworks, described in the press
release as “a leading Toronto-based Oracle Cloud implementation service
provider across North America,” and which boasts “leading capabilities in
robotic process automation (RPA), data analytics and AI.” Jeffrey Russell,
president of Accenture in Canada, commented:
"As
organizations across Canada continue to accelerate their technology
transformation programs, we anticipate the demand for Oracle solutions to grow
significantly. By acquiring Cloudworks, we add a highly talented team with
industry-specific experience in combining the power of Oracle with the
ingenuity of people to unlock new possibilities for clients."
Zoom (NasdaqGS:ZM) has entered into a definitive
agreement to acquire Five9, Inc. (NasdaqGM:FIVN) in an all-stock transaction
valued at approximately $14.7 billion. Five9 is a leading provider of an
intelligent cloud contact center, and this acquisition will give Zoom “access to artificial intelligence
tools for analyzing data from a contact center.” Eric S. Yuan, Founder and CEO
of Zoom, said:
“We
are continuously looking for ways to enhance our platform, and the addition of
Five9 is a natural fit that will deliver even more happiness and value to our
customers. Zoom is built on a core belief that robust and reliable
communications technology enables interactions that build greater empathy and
trust, and we believe that holds particularly true for customer engagement.
Enterprises communicate with their customers primarily through the contact
center, and we believe this acquisition creates a leading customer engagement
platform that will help redefine how companies of all sizes connect with their
customers. We are thrilled to join forces with the Five9 team, and I look
forward to welcoming them to the Zoom family.”
Global
AI Market to Reach $299.54B in 2026
A report published by Facts & Factors finds that the global AI
market will grow from $29.86 billion in 2020 to $299.64 billion in 2026 with a
compound annual growth rate (CAGR) of 35.6 percent in the forecast period. An
excerpt from the report’s summary outlines the role of AI in Healthcare as a
major market driver:
Adoption
of AI-based assistance in healthcare during the forecast period is expected to
drive the market. Advanced integrated features such as augmenting messages,
rapid sorting and enquiring solutions, automated email and phone support, and
management of support agents are made possible through the advent of AI.
Furthermore, the rising consumer service coupled with increasing spending in
the healthcare infrastructure will drive the growth of the artificial
intelligence market to a wider range of consumers. Besides healthcare, the
essential accelerating pace of advancements in AI and the rising interest in
advanced simulation techniques such as artificial neural networks will further
fuel the growth of the AI market during the forecast period.
Sam Mowers, Investorideas.com
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