#AIEye
#Podcast 726: #Stocks discussed: (NYSE: $ACN) (NYSE: $QTWO) #artificialintelligence
Accenture
Collaborating with Mars to Modernize Operations, and Q2 Acquires AI Firm
Sensibill
Global
#AI in #BFSI Market to Increase by $32.97B from 2021-26
Vancouver, Kelowna, Delta, BC – October 4, 2022 – 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/2022/100422-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2022/artificial-intelligence/10041ACN-QTWO.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:ACN) (NYSE:QTWO)
Accenture (NYSE:ACN)
has announced a collaboration with confectionary,
food, and pet care products and services firm Mars to “transform and modernize
its global manufacturing operations with artificial intelligence (AI), cloud,
edge technology and digital twins.” The two companies, according to the press
release, will
“create a new cloud platform for manufacturing applications, data and
artificial intelligence (AI) to lay the foundation for its vision of the
"Factory of the Future," which will “provide next-generation
robotics, AI and automation capabilities at the edge.” Simon Osborne, a
managing director at Accenture, said:
"The
problems we’re solving aren’t new; what’s new is how we use advanced
technologies to get real-time data into operators’ hands and apply AI to help
them make decisions before problems occur. While many companies are beginning
to experiment with digital twins, what sets this project apart is the speed and
scaling of the technology across Mars’ operations globally."
Digital banking solutions firm Q2 Holdings, Inc. (NYSE:QTWO) has acquired Sensibill, a private firm with an
AI-powered machine learning platform that captures SKU-level spend data to give
insights to financial institutions and fintech companies. Kirk Coleman, Chief
Banking Officer of Q2, said:
"Delivering
differentiated and personalized experiences through the digital channel is a
top priority. Sensibill’s solution enables financial institutions to better
understand the spending behaviors of their account holders, positioning them to
deliver tailored products and services, drive loyalty and increase engagement.”
Global
AI in BFSI Market to Increase by $32.97B from 2021-26
A report published by Technavio finds that the global AI in BFSI
(Banking, Finance Services, and Insurance) market is projected to grow by
$32.97 billion USD from 2021 to 2026, registering a compound annual growth rate
(CAGR) of 36.68 percent in the forecast period 2022-26. The following excerpt
from the report’s description outlines some factors impacting the market’s
growth:
The
banking and financial services industries are adopting AI-based solutions to
improve their operational efficiency and improve customer experience.
Increasing customer expectations in terms of improved service delivery are
driving traditional banks and financial institutions to adopt advanced
technologies such as AI and big data. The traditional approaches of banks and
insurance firms will not be sustainable going forward owing to the huge volumes
and variety of data being generated. Hence, BFSI companies are focusing on
implementing AI solutions and data analytics to achieve better insights from
the data collected.
Sam Mowers, Investorideas.com
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hear other editions of the AI Eye
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artificial intelligence stocks on Investorideas.com visit
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