The
#AIEye: Oracle (NYSE: $ORCL) Introduces New Vision for Analytics Platform,
Accenture (NYSE: $ACN) Federal Services Wins #AI Contract with U.S. Dept. of
Health and Human Services and Nuance (Nasdaq: $NUAN) Signs Partnership with AI
Institute Mila
Intelligent
Virtual Assistant Market to Hit $11.3 Billion Globally by 2024
Point Roberts WA, Vancouver BC – June 26, 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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this in full at https://www.investorideas.com/news/2019/artificial-intelligence/06261AIEye-ORCL-ACN-NUAN.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:ORCL) (NYSE:ACN) (NasdaqGS:NUAN)
Oracle Corporation (NYSE:ORCL) introduced a new customer-centric vision for its
Oracle Analytics platform powered by the company’s Autonomous Data Warehouse
and machine learning. According to the press release Oracle Analytics “empowers
customers with industry-leading AI-powered self-service analytic capabilities
for data preparation, visualization, enterprise reporting, augmented analysis,
and natural language processing (NLP)”. T.K. Anand, senior vice president, AI,
Data Analytics and Cloud, Oracle, said:
"We
are committed to helping our customers get the most value from their data and
to delivering the best analytics experience. Today, we are announcing a new
vision, product experience, and commitment to customer success that will enable
us to collaborate with our entire ecosystem and deliver a new era of enterprise
analytics."
Accenture Federal Services (AFS), a wholly-owned
subsidiary of Accenture (NYSE:ACN), has won a contract from the U.S. Department of Health
and Human Services (HHS) Program Support Center (PSC) to provide the latter
with intelligent automation / artificial intelligence (IAAI) services. This
will include the piloting, testing and implementation of AI, machine learning,
natural language processing and robotic process automation technologies. Greg
Adler, who leads Accenture Federal Services’ (AFS) work across Health and Human
Services, commented:
“AFS
draws upon Accenture’s vast commercial experience in AI and health to identify
and implement new capabilities that support the Departments’ goals to
fundamentally transform, enhance and deliver public sector healthcare.”
Nuance Communications, Inc. (NasdaqGS:NUAN) has signed a partnership with Montreal AI academic research
institute Mila to collaborate on machine learning research and enhance AI
applications. Joe Petro, Chief Technology Officer, Nuance Communications, said:
“We
are excited to enter into this strategic partnership with Mila. Our research
team has been at the forefront of Conversational AI innovation for the last 20
years and this partnership allows us to work more closely with the global
academic AI research community to advance the latest in AI innovation and
applications.”
Intelligent
Virtual Assistant Market to Hit $11.3 Billion Globally by 2024
A report from Research and Markets finds that the global
intelligent virtual assistant market will grow from $2.2 billion in 2018 to
$11.3 billion in 2024 with a compound annual growth rate (CAGR) of 31 percent
in the forecast period 2019-2024. Intelligent virtual assistants are described
as “a system with artificial intelligence (AI) which imitates human interaction
in order to carry out particular tasks”. An excerpt from the report description
outlines key growth factors in the market:
The
growth of the global intelligent virtual assistant market is being primarily
driven by the penetration of smartphones along with a rapid growth in the
social media traffic which has led to a substantial rise in the consumer
awareness about benefits offered by intelligent virtual assistants.
Additionally, a significant shift from analogue to digital technologies in
organisations across the globe is propelling the demand for intelligent virtual
assistants. Apart from this, a high demand for automation in services that
offer customer support is another factor which is driving the growth of the
market. Moreover, rising usage by young generation coupled with improved
consumer experience are some of the other factors which are positively
influencing the market growth.
Sam Mowers,
Investorideas.com
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