The
#AIEye: HPE (NYSE: $HPE) Primera Selected by BlueShore Financial to Foster
Innovation, San Francisco Giants Choose Veritone (Nasdaq: $VERI) aiWARE for Fan
Engagement and Archives
Global
#AI in Manufacturing Market to Grow by $7.22 Billion from 2019-2023
Point Roberts WA, Vancouver BC – October 1, 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: (NYSE:HPE) (NasdaqGS:LOGM) (NasdaqGS:VERI)
Hewlett Packard Enterprise Company (NYSE:HPE)
has announced that BlueShore Financial has selected
the former’s HPE Primera to “foster innovation and deliver superior products
and services to clients”. HPE Primera utilizes the HPE InfoSight AI platform to
reduce storage management time, predict and prevent issues, and accelerate
application performance. Fred Cook, Chief Information Officer, BlueShore
Financial, commented:
“BlueShore
Financial is a fast growing organization with nearly $6 billion in Assets Under
Administration that competes on the world stage, so BlueShore requires a
partner who can assist us with our rapid growth flexibly and at scale. We have
to make sure our clients are getting the services they need, when they need it,
and we trust HPE to put us in a position to succeed by developing products that
contribute to business value – fast. The ability to upgrade and scale with new
technology like non-volatile memory and storage class memory is also a benefit
we are looking forward to with HPE Primera.”
LogMeIn, Inc. (NasdaqGS:LOGM)
is launching a new GoToMeeting, the company’s
online meeting and conference software platform, which will feature a
video-first meeting experience, industry-leading audio quality, a new meeting
hub, powerful meeting diagnostics, and additional AI-powered transcription
capabilities. Mark Strassman Senior Vice President and General Manager of
Unified Communications and Collaboration at LogMeIn, explained:
“The
very nature of work is changing, and we wanted to create a new GoToMeeting that
is simple, fast and intuitive for users, while also giving IT a collaboration
platform that sets them up for the future. Today we are releasing the video
conferencing experience of tomorrow to revolutionize the way people collaborate
with the most modern solution available.”
Veritone, Inc. (NasdaqGS:VERI)
has been selected by the MLB’s San Francisco Giants for
the former’s AI solutions to bring the latter’s 60-year media archive to life
and drive an advanced fan engagement strategy. According to the press release,
“Veritone aiWARE will enable rapid content search and accelerated asset sharing
with media, global partners, internal stakeholders including web and social
media teams, and fans during live games in the ballpark”. Veritone President
Ryan Steelberg, commented:
“Veritone
is empowering the San Francisco Giants with a comprehensive yet easy-to-use AI
solution that will not only surface powerful moments that have been locked up
in their static archives, but also help the team deliver those moments to fans
in new and exciting ways. We’re honored to be working with the Giants to
continue to advance fan engagement by maximizing the value and activation of
their media assets through the use of AI by Veritone."
Global
AI in Manufacturing Market to Grow by $7.22 Billion from 2019-2023
A report from Technavio finds that the global AI in
Manufacturing market will grow by $7.22 billion USD with a compound annual
growth rate (CAGR) approximating 31 percent in the forecast period 2019-2023.
An excerpt from the report snapshot outlines the key drivers and trends
observed in the market:
The
growing popularity of industry 4.0 is encouraging manufacturers to integrate
advanced technologies such as IoT and big data to improve their operational
efficiencies. The IoT ecosystem is making industrial communication systems more
flexible, adaptive, and fully aware of production conditions. The adoption of
big data is helping manufacturers improve the efficiency of data management.
Additionally, the rising adoption of automation in the manufacturing industry
has increased the number of connected devices, which has resulted in the
generation of large volumes of data. This is compelling manufacturing companies
to adopt AI-based solutions to develop insights from the data to improve
process management. Also, the adoption of AI-based solutions is helping
manufacturing companies in lowering their equipment maintenance costs by
identifying and fixing equipment malfunctions in advance. The evolution of
industrial IoT and big data integration is one of the critical factors that
will drive the growth of the artificial intelligence market in the
manufacturing industry.
Sam Mowers,
Investorideas.com
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