The
#AIEye: 3M (NYSE: $MMM) to Move Enterprise IT to AWS (NasdaqGS: $AMZN) and
Alteryx (NYSE: $AYX) Named Leader for Data Science and #MachineLearning
Global
#AI in Agriculture to see CAGR of 26.2% from 2019-2025
Point Roberts WA, Vancouver BC – February 18, 2020 – 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:MMM) (NasdaqGS:AMZN) (NYSE:AYX)
3M (NYSE:MMM)
is moving its enterprise IT infrastructure to Amazon Web Services (AWS), a
subsidiary of Amazon (NasdaqGS:AMZN).
According to the press release, 3M plans to leverage AWS
“machine learning, analytics, storage, security, and databases to optimize and
automate operational, manufacturing, and business processes, as well as product
solutions.” John Turner, Vice President, IT Systems and Chief Information
Officer at 3M, commented:
"AWS
is integral to our enterprise IT transformation as we look for better ways to
serve our customers, streamline the way we work, and compete globally. AWS,
with its proven experience and highly performant global infrastructure, will
deliver the agility, speed, and scalability 3M needs to launch new business
processes and service models. We look forward to expanding our use of AWS’s
portfolio of services, including analytics and machine learning, to gain
greater insights and become an even more agile company in the cloud."
Alteryx, Inc. (NYSE:AYX)
has been named a Leader in Gartner's 2020 Magic Quadrant
for Data Science and Machine-Learning Platforms. Amy Heidersbach, chief
marketing and community officer of Alteryx, commented:
"We're
seeing the acceleration of a global movement in the data analytics space—where
everyone is becoming a data worker and where businesses that are winning are
the ones who are able to create a deep culture of analytics that makes
high-impact problem solving a reality in all parts of their organization. Our
continued growth and deep community engagement reflect how essential Alteryx is
in helping our customers solve their people, process and data problems faster
and easier."
At press time, all of the aforementioned stocks are
just slightly in the red. This may be more reflective of the wider market, as
the S&P 500 and Dow are both similarly in the red to a small degree this
morning.
Global
AI in Agriculture to see CAGR of 26.2% from 2019-2025
A report from Research and Markets finds that the global AI
in Agriculture market will see a compound annual growth rate (CAGR) of 26.2
percent in the forecast period 2019-2025. The research finds that technologies
such as machine learning and facial recognition will be leveraged as the market
grows to foster larger crop yields and improve livestock monitoring. An excerpt
from the report description outlines the impact of dwindling labour on the
growth of AI in the market:
Across
the world, a huge decline of the workforce is observed due to many reasons,
like the lack of skilled labor, aging of farmers, and young farmers finding
farming an unattractive profession, thus encouraging trends for automated
farming operations. According to the International Labor Organization(ILO),
agricultural labors in the percentage of the workforce declined from 81% to
48.2% in developing countries. Also, developed countries are not an exception
in such a huge decline. Asia-Pacific, where agriculture occupies a major part
of the economy, has a huge decline in workforce, which was nearly about 9% from
2015 to 2017. In Japan, the number of people working in farms witnessed a steep
fall to 1.7 million in the year 2015, a 15% decline from the previous year.
The
European agriculture sector has also faced such a huge decline in the
workforce, which is nearly accounting to 12.8% for the corresponding period.
The trend of decline in the agricultural workforce is encouraging government
and private organizations to focus on automation operations by adopting
artificial intelligence technologies in the agriculture sector. Owing to the
above factors, the market for artificial intelligence in the agricultural
sector is likely to boom in the years to come.
Sam Mowers, Investorideas.com
For
a list of artificial intelligence stocks on Investorideas.com visit
here
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