The
#AIEye Episode 394: IBM (NYSE: $IBM) and CBRE (NYSE: $CBRE) Expand Relationship
with Smart Maintenance Service, Arlo (NYSE: $ARLO) Makes Agreement with
Securitas USA (OTC: $SCTBF) for SmartCloud Integration
Global
#AI in Retail to Reach $19.9 Billion by 2027
Point Roberts WA, Vancouver BC – July 22, 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.
Listen
to today’s podcast:
Read
this in full at https://www.investorideas.com/news/2020/artificial-intelligence/07221AIEye-IBM-CBRE-ARLO.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:IBM) (NYSE:CBRE) (NYSE:ARLO) (OTC:SCTBF)
IBM (NYSE:IBM) and commercial real estate services
company CBRE Group, Inc. (NYSE:CBRE) are introducing a new offering called Smart
Maintenance through an expansion of their relationship. Smart Maintenance is
the latest addition to CBRE’s existing suite of Converged Data Center Services
and is powered by IBM Services, leveraging the latter’s “AI, augmented reality
technologies and deep analytics to provide vendor-agnostic, predictive and
reactive hardware maintenance for CBRE's data center clients' technology
assets.” Mike Perera, General Manager, Technology Support Services, IBM, said:
"We're
pleased to provide multi-vendor services for CBRE with IBM's diverse set of
technology capabilities, software knowledge and predictive operational
management. IBM Services is committed to innovations in analytics, AI, AR and
other technologies to enable organizations to manage the toughest of
circumstances, minimize outages and secure their data."
Arlo Technologies, Inc. (NYSE:ARLO)
has announced an agreement with Securitas Security
Services USA (OTC:SCTBF) for the latter to integrate Arlo
SmartCloud into the Securitas USA monitoring platform. According to the press
release, this enables Securitas' commercial clients to rely on Arlo SmartCloud AI-enabled
security cameras “to bolster its protective guarding services.” Tejas Shah,
Arlo's SVP product and chief information officer, commented:
"Arlo
SmartCloud enables security partner ecosystems with the power of the most
advanced computer vision technology and a secure, scalable and fully managed
video cloud. Securitas brings extraordinary assets in terms of people,
knowledge and technology, as well as its best-in-class integrated guarding
capabilities. We are truly excited to be working with them. Through this
partnership, Securitas is able to further scale its services, which ultimately
delivers peace of mind to customers by keeping a watchful eye on the people and
places that matter most."
Global
AI in Retail to Reach $19.9 Billion by 2027
A report from Meticulous Research finds that the global AI
in Retail market will grow to $19.9 billion by 2027 with a compound annual
growth rate (CAGR) of 34.4 percent in the forecast period 2020-2027. An excerpt
from the report’s description reads:
Owing
to increased customer preference for online retailing, organizations working in
the retail segment are progressively adopting AI solutions to improve
efficiency and productivity of operations. Retailers are using online platforms
for personalized and improved customer engagement, inventory management, supply
chain management, programmatic advertising, smart recommendations, and
chatbots, among others. The current situation offers an opportunity for
organizations to scale up capabilities, such as voice commerce, to strengthen
engagement. However, amid the COVID-19 outbreak, consumer spending patterns
across several categories are shifting dramatically. Many leading retail
players are eying this crisis as a new opportunity for restructuring and
revisiting their existing strategies along with an advanced product portfolio.
The situation has been evolving in unpredictable ways, and companies operating
in this market are doing tremendous work by adapting to a new reality,
anticipating and planning for various scenarios.
Sam Mowers, Investorideas.com
For
a list of artificial intelligence stocks on Investorideas.com visit
here
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