The
#AIEye: NICE (Nasdaq: $NICE) Selected by PSCU for Payments Operations
Modernization and BrainChip (ASX:BRN) to Workshop Akida in Perth, Australia
Global
Machine Learning as a Service (MLaaS) Market to Reach $5.54 Billion USD by 2023
Point Roberts WA, Vancouver BC – October 14, 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: (NasdaqGS:NICE) (ASX:BRN)
NICE Ltd (NasdaqGS:NICE)
has been selected by Public Service Credit Union Ltd.
(PSCU) to to modernize the latter’s expanding payments operations with the
former’s fully automated and AI-powered investigations and case management
platform, ActOne Extend. Craig Costigan, CEO, NICE Actimize commented:
“Known
for its focus on innovation and commitment to service excellence, we are proud
to have been selected to address PSCU’s specialized credit union requirements
with our robust holistic platform for continued advancement in the future. NICE
Actimize will support PSCU’s expanding credit union membership, as the
organization continues to grow, with our advanced analytics and AI-infused
platform. We are particularly excited to apply the resources of our
investigations and case management experience as PSCU continues to streamline
its operations.”
BrainChip Holdings Ltd (ASX:BRN)
has announced a neural networking workshop using
the Akida™ Development Environment (ADE). Akida is the firm’s spiking neural
network “designed to provide a complete ultra-low power AI Edge Network for
vision, audio and smart transducer applications”. A workshop on November 1 at
the Ernst & Young facility at Tank Stream Labs in Perth, Australia will
focus on “implementations of Convolutional Neural Networks converted to
Event-Based Neural Networks and the development of Native Spiking Neural
Networks”, according to the press release. BrainChip founder and CTO Peter van
der Made said:
“We
are excited to invite developers and data scientists to participate in the
Akida Workshop. Akida is a revolutionary edge AI network technology and the
AKD1000 is the first in a family of devices that is ultra-low power, high
performance and a complete re-configurable network providing inference,
training and learning. The reduction in system latency provides a faster
response and a more power-efficient system that can reduce the large carbon
footprint of data centers.”
Global
Machine Learning as a Service (MLaaS) Market to Reach $5.54 Billion USD by 2023
A report from Allied Market Research finds that the global
Machine Learning as a Service (MLaaS) market is projected to grow from $768 million in 2017 to
$5.54 billion by 2023 with a compound annual growth rate (CAGR) of 39 percent
in the forecast period 2016-2023. An excerpt from the report overview reads:
Machine
learning as a service Market
incorporates a comprehensive range of services and solutions and techniques
interrelated closely to artificial intelligence (AI), which performs
statistical analysis of input data to understand its current or future
relationship and performance. Machine learning makes use of massive amount of
input data to deliver improved analytical output while optimizing workflow for
varied industry verticals. Machine learning as a service (MLaaS) incorporates
range of services that offer machine learning tools through cloud computing
services.
Growth
in IT expenditure in the emerging nations and technological advancements for
workflow optimization fuels the demand for advanced analytical systems, thereby
driving the MLaaS market growth. In addition, rise in penetration of
cloud-based solutions, growth associated with artificial intelligence and
cognitive computing market, and increase in market for prediction solutions
also fuel the demand for machine learning as a service market. However, dearth
of trained professionals is expected to restrain the MLaaS market growth during
the forecast period. Furthermore, increased application areas for MLaaS is
expected to create lucrative opportunities for market expansion.
Sam Mowers,
Investorideas.com
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a list of artificial intelligence stocks on Investorideas.com visit
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