#AIEye Episode 460: Honeywell (NYSE: $HON) Teams with Microsoft (NasdaqGS: $MSFT) for Industrial Clients and IBM (NYSE: $IBM) Announces New Capabilities for Maximo for Civil Infrastructure
Global
#AI-Powered Checkout Market to Reach $1.182 Billion by 2027
Point Roberts WA, Vancouver BC – October 23, 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:HON) (NasdaqGS:MSFT) (NYSE:IBM)
Honeywell International Inc. (NYSE:HON) is teaming with Microsoft (NasdaqGS:MSFT) to improve productivity for
industrial clients. More specifically, this will involve Honeywell leveraging
Microsoft’s Azure cloud platform and connecting Microsoft Dynamics 365 Field
Service to the AI-driven autonomous controls of its Honeywell Forge enterprise
performance management software, which according to the press release, will
enable “predictive maintenance applications with closed-loop maintenance
workflows in the buildings industry.” Que Dallara, president and CEO, Honeywell
Connected Enterprise, explained:
"Honeywell's
partnership with Microsoft will deliver new value to our customers as we help
them solve business challenges by digitizing their operations. Working with
Microsoft, Honeywell will bring solutions at scale – powered by AI-driven insights
and immediate access to data – that will help our customers work more
efficiently than ever before."
IBM (NYSE:IBM) has today announced new capabilities in IBM Maximo for
Civil Infrastructure which will “help prolong the lifespan of aging bridges,
tunnels, highways, and railways.” These new capabilities comprise “the ability
to deploy on Red Hat OpenShift for hybrid cloud environments, as well as new AI
and 3D model annotation tools that can provide deep industry and task-specific
insights to support engineers.” Joe Berti, VP of AI Applications at IBM, said:
"Maximo
for Civil Infrastructure was developed with input from some of the largest
operators of infrastructure in the world so that IBM's powerful technology
across AI and IoT is carefully adapted to the unique needs of civil engineers.
With these tools we believe civil engineers will be able to innovate and
improve the methods for monitoring, maintaining and preserving important
structures around the world."
Global
AI-Powered Checkout Market to Reach $1.182 Billion by 2027
A report published by Research and Markets finds that the global
AI-Powered Checkout market will grow from $97.88 million in 2019 to $1.182
billion by 2027 with a compound annual growth rate (CAGR) of 37.2 percent in
that forecast period. An excerpt from the report’s description reads:
Before
the introduction of automation in the retail sector, retailers faced tremendous
pressure to surpass customer expectations and enhance organizational
efficiencies. The AI-powered checkouts provide the ability to overcome all the
challenges faced by them, further helping them automate their workflows and
multiple processes that ease their operations. Further, the emergence of advanced
technologies, such as AI, allows retail companies to meet customer expectations
by offering highly efficient services. Thus, the rise in implementation of
AI-powered checkouts in the retail sectors across several developed countries
drives the market growth.
Sam Mowers, Investorideas.com
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