The
AI Eye: Accenture (NYSE: $ACN) Acquires Byte Prophecy and IBM (NYSE: $IBM) Collaborating
with GreyCampus for AI Certificate Programs
Global
Patent Analytics Market – Driven by AI, ML – to Reach $1.668 Billion by 2027
Point Roberts WA, Vancouver BC – May 18, 2020 – Investorideas.com (www.investorideas.com), a global investor news source covering
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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:ACN) (NYSE:IBM)
Accenture (NYSE:ACN) has acquired Indian automated insights and big
data analytics company Byte Prophecy to “meet the growing demand for
enterprise-scale AI and digital analytics solutions across the region.” This
adds almost 50 data science and data engineering experts to Accenture Applied
Intelligence. Athina Kanioura, Accenture’s chief analytics officer and global
lead for Applied Intelligence, said:
"Our
team has already been working with Byte Prophecy over the past two years, and
together we’ve helped clients build the strong data foundations that are the
cornerstone for successful AI adoption. Officially making Byte Prophecy’s
people and capabilities part of Accenture is a testament to the shared vision
of shared success we’ve seen in our joint efforts."
GreyCampus, an online training provider, has announced a collaboration with IBM (NYSE:IBM) to launch Certificate Programs in
Data Science and Artificial Intelligence. According to the press release, the
programs will bring together IBM's advanced online labs and course content with
streamlined training delivery and expert instructors from GreyCampus. Vijay
Pasupulati, CEO and Co-founder of GreyCampus, commented:
"We
are delighted to launch comprehensive career-aligned programs in collaboration
with IBM. We are confident that our programs will enable our students to launch
or grow their career in data science and AI. We believe such programs will
significantly upskill our students and propel their careers forward."
Global
Patent Analytics Market – Driven by AI, ML – to Reach $1.668 Billion by 2027
A report from Fortune Business Insights finds that the
global Patent Analytics market is expected to grow from $657.9 million in 2019
to $1.668 billion by 2027 with a compound annual growth rate (CAGR) of 12.4
percent in the forecast period. According to the report, the deployment of
technologies such as AI, machine learning and neural networks are significantly
driving the market. An excerpt outlines the role of machine learning:
Machine
Learning is based on Bayesian analysis, predictive analytics, and data mining.
Machine learning applications and algorithms are useful to solve complex,
constraint-based business problems. These technologies perform a variety of
tasks for streamlining the patent analysis process by classification, special
concept maps, and clustering of large data. The ability of ML algorithms to
find patterns in large-scale data sets, fuel its popularity in the market. The
ML algorithms are widely used for prediction and data analysis. Thereby, the
integration of machine learning technologies with the platform will
subsequently augment market growth.
Sam Mowers, Investorideas.com
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