The
#AIEye: AWS (Nasdaq: $AMZN) Teams with Emirates NBD to Streamline Banking
Services with AI and ML and Avnet (Nasdaq: $AVT) Adds #AI and #IoT Development
to Ultra96 Platform
Machine
Learning as a Service Market to See 38.4% CAGR from 2017-2025
Point Roberts WA, Vancouver BC – May 29, 2019 – 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.
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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (Nasdaq:AMZN) (Nasdaq:AVT)
Amazon Web Services (AWS), a subsidiary of Amazon.com (NasdaqGS:AMZN), is collaborating with Middle East banking
giant Emirates NBD to leverage AI and machine learning with the aim of
improving banking services and customer experience. Andy Isherwood, Managing
Director, Amazon Web Services EMEA, said:
“Across
every industry, companies are starting to meaningfully use machine learning in
their businesses, and AWS offers the broadest and deepest portfolio of machine
learning services to help them solve some of their biggest challenges. We are
excited to see how these technologies are helping transform the financial
services industry in the Middle East and around the world.”
Avnet, Inc. (NasdaqGS:AVT) has added AI and IoT developing capabilities to its
Ultra96 development board. Jim Beneke, vice president, products and emerging
technologies at Avnet, explained:
“At
Avnet, we’re committed to helping developers bring their designs to life by
providing accessible resources throughout every stage of the product
development lifecycle, but especially during the early and critical prototyping
stage. Together with Hackster.io, our technical training courses will help
engineers tap into both the software and hardware capabilities of the Ultra96
boards. And with our new mezzanine card, we’re providing another easy-to-use
opportunity to reduce the complexity, time and risk of bringing new IoT and AI
projects to life.”
Machine
Learning as a Service Market to See 38.4% CAGR from 2017-2025
A report from Transparency Market Research finds that the
global machine learning as a service (MLaaS) market is projected to exhibited a
compound annual growth rate (CAGR) of 38.4 percent from 2017 to 2025. An
excerpt from the report summary reads:
Owing
to the rapid technological advancements and the stronger need to understand the
behavior of customer, the machine learning as a service market is expected to
witness an exponential boom in the years to come. Machine learning as a service
is a span of services that provides tools for machine learning as a part of
cloud computing services. The providers of machine learning for service offers
various tools such as API, natural language processing, data visualization,
deep learning and predictive analytics. Generally, Machine Learning is an
Artificial Intelligence programmed application. Major factors boosting the
growth of the machine learning as a service market are the adoption of cloud
based technologies and technological advancements into the computing world.
Moreover, the increase in demand for understanding customer behavior in terms
of machine learning is also propelling the market.
Sam Mowers, Investorideas.com
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a list of artificial intelligence stocks on Investorideas.com visit
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