The
#AIEye: Accenture (NYSE: $ACN) Selected to Assist in Spanish “Shipyard 4.0”
with #AI, IBM (NYSE: $IBM) Announces Agreement with Greece’s AEGEAN Airline to
Transform Through Cloud and AI, Virtusa (NasdaqGS: $VRTU) Announces New AR and
AI Capabilities
AI
Market in Telecom to Grow $2.54 Billion from 2019-2023
Point Roberts WA, Vancouver BC – December 5, 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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to today’s podcast:
Read
this in full at https://www.investorideas.com/news/2019/artificial-intelligence/12051AIEye-ACN-IBM.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:ACN) (NYSE:IBM) (NasdaqGS:VRTU)
Accenture (NYSE:ACN)
has been selected to assist Spanish military and
civilian vessel builder, Navantia, with the design, development and
implementation of "Shipyard 4.0”. According to the press release, the
Shipyard 4.0 platform will leverage “artificial intelligence (AI) to help
Navantia accelerate ship design and development”. Donato MartÃnez, Navantia’s
chief technology officer, said:
"Navantia
is focused on improving operational efficiencies by developing digital twins of
our key products and digitally connecting the entire value chain. By partnering
with Accenture, a recognized leader in digital solutions, we can deploy our
strategic plan with new technologies and products and provide higher value to
our customers for decades to come."
IBM (NYSE:IBM)
has announced a new agreement with Greek airline
AEGEAN, that will see the latter leverage the former’s cloud capabilities to
enhance customer service and business processes. AEGEAN Chief Information Officer,
Aristeidis Kamvysis, commented:
“We
feel confident that IBM is the strategic provider that will support our
determination and willingness to innovate and achieve excellence at both an
organizational and business process level. By utilizing IBM's most innovative
technologies, such as cloud and AI, proven industry expertise and strong
corporate culture, we will continue to provide even greater value for our
customers, personnel and shareholders."
Virtusa Corporation (NasdaqGS:VRTU)
is debuting new augmented reality (AR) and AI
capabilities to improve the efficiency of field force workers. According to the
press release, Virtusa’s Smart Field Force Management Platform uses AI to guide
“resolution paths for frequently encountered issues”, and machine learning to
train the system “to recognize 20,000 different devices”.
AI
Market in Telecom to Grow $2.54 Billion from 2019-2023
A report from Technavio finds that the global AI market in
Telecommunications will grow by $2.54 billion from 2019 to 2023, with a
compound annual growth rate (CAGR) of 47 percent. An excerpt from the report
snapshot reads:
The
growing use of AI for efficient predictive maintenances is one of the key
factors driving the growth of global artificial intelligence (AI) in the
telecommunication market. According to industry experts, within the
telecommunication sector, maintenance of equipment such as mobile towers is a
critical element that has the ability to enhance equipment performance and
enable cost saving. AI systems allow for more accurate predictions, collecting
and analyzing data from multiple sources in order to predict equipment failure
before it occurs. This allows telecom companies to minimize downtime and
improve effectiveness. It is particularly helpful for mobile towers, providing
surveillance to structures that are difficult to access.
Sam
Mowers, Investorideas.com
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