The
#AIEye: Albertsons Companies Partners with Microsoft ( $MSFT) to Enhance
Customer Experience and COFCO International Selects IBM ( $IBM) for Digital
Integration and Transformation
#AGI
Global Market to Reach $50.8 Billion by 2023 with 42% CAGR
Point
Roberts WA , Vancouver BC – February 22, 2019
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Today’s Column- The AI Eye- Watching stock
news, deal tracker and advancements in artificial intelligence
AGI Global Market
to Reach $50.8 Billion by 2023 with 42% CAGR
Research
from Mind Commerce and published on In
For Growth indicates that the Artificial General
Intelligence (AGI) global market is projected to reach $50.8 billion USD by
2023 with a compound annual growth rate (CAGR) of 42 percent in the forecast
period 2018-2023. An excerpt from the report summary reads:
Also known as Artificial General
Intelligence (AGI), General Purpose Artificial Intelligence represents
silicon-based Artificial Intelligence (AI) that mimics human-like cognition to
perform a wide variety of tasks that span beyond mere number crunching. Whereas
most current AI solutions are limited in terms of the type and variety of
problems that may be solved, AGI may be employed to solve many different
problems including machine translation, natural language processing, logical
reasoning, knowledge representation, social intelligence, and numerous others.
Unlike many early AI solutions that were
designed and implemented with a narrow focus, AGI will be leveraged to solve
problems in many different domains and across many different industry verticals
including 3D design, transforming customer service, securing enterprise data,
securing public facility and personnel, financial trading, healthcare solution,
highly personalized target marketing, detecting fraud, recommendation engines,
autonomous vehicles and smart mobility, online search, and many other areas.
AGI is rapidly evolving in many areas. However, scalability remains a challenge
until that 2023 timeframe.
Albertsons
Companies Partners with Microsoft to Enhance Customer Experience and COFCO International
Selects IBM for Digital Integration and Transformation
Stocks discussed:
(NasdaqGS:MSFT) (NYSE:IBM)
U.S.
food and drug retailer Albertsons Companies is partnering with
Microsoft (NasdaqGS:MSFT) to leverage the latter’s Azure
and Azure AI to enhance customer experience. Albertsons Companies executive
vice president and CIO Anuj Dhanda said:
"We are
reimagining the future to serve customers in a way they want to interact with
us across all channels. Our partnership has already produced an innovative way
to save time at the gas pump. Microsoft's strengths in cognitive technologies,
artificial intelligence and data science applied at scale at Albertsons
Companies will transform the customer experience in our stores and
digitally."
Agriculture
supply chain company COFCO International has selected IBM (NYSE:IBM) to transform its
business processes with the implementation of a new SAP (Systems, Applications
and Products) platform. Cathy Rogerson, IBM Services Vice President for the
CPG, Agribusiness and Retail industries in Europe, commented:
"IBM is
thrilled to have the opportunity to help COFCO International achieve their
vision of standardized end-to-end processes across their operations. With our
IMPACT solution, we can quickly help to build an efficient, integrated supply
chain and matching back end business processes which will give COFCO
International's leadership visibility and control across their entire supply
chain.”
Sam
Mowers, Investorideas.com
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