The
#AIEye: IBM (NYSE: $IBM) Announces AI-Based Weather Signals, NICE (NasdaqGS:
$NICE) Actimize Selected by SPD Silicon Valley Bank and Nuance (NasdaqGS: $NUAN)
Powers Geely’s GKUI Digital Cockpit System
#AI
in Big Data Analytics and IoT to Hit $24 Billion in 2024
Point Roberts WA, Vancouver BC – May 24, 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.
Today’s
Column- Stocks discussed: (NYSE:IBM) (NasdaqGS:NICE) (NasdaqGS:NUAN)
Read
this in full at https://www.investorideas.com/news/2019/artificial-intelligence/05241AIEye-IBM-NICE-NUAN.asp
IBM (NYSE:IBM), along with its subsidiary, The
Weather Company, has announced the AI-based IBM Weather Signals. The
new project leverages Watson AI, combining operational and weather data to
provide businesses with a forecast model. Kristen Lauria, General Manager of
Watson Media and Weather, explains:
"Companies
instinctively know that weather impacts their businesses, but most rely on
historical weather norms to make assumptions about the future. Weather Signals
provides powerful insight into the correlation between real-time changes in
weather and corresponding changes in local business performance – even months
in advance. That insight can potentially add millions to a company's bottom
line."
NICE Actimize, a subsidiary of NICE Ltd. (NasdaqGS:NICE), was selected by SPD Silicon Valley Bank to update
the latter’s anti-money laundering strategy with next generation AI-infused
transaction monitoring protections. Craig Costigan, CEO, NICE Actimize,
commented:
“Demonstrating
our commitment to the entire Asia-Pacific community, we are most proud of our
ongoing relationship with SPD Silicon Valley Bank, and our future successes as
we further focus on China and the region at large. We know that our years of
experience in anti-money laundering contribute strongly to the confidence the
financial institution has placed in us as we work to continue to strengthen its
anti-money laundering operations with advanced analytics and AI technologies.”
Nuance Communications, Inc. (NasdaqGS:NUAN) has announced that its
automotive division is providing AI-powered voice recognition for
select car models from Geely, the fastest-growing automotive manufacturer in
China. Nuance Automotive is responsible for powering several features of
Geely’s digital cockpit system, known as GKUI. GKUI brings together
infotainment, connectivity, and vehicle management.
AI
in Big Data Analytics and IoT to Hit $24 Billion in 2024
A report from Research and Markets finds that the global
market for AI in big data analytics and IoT will exceed $24 billion USD in
2024. The Asia-Pacific region is expected to lead growth of the market, with
North America to follow. An excerpt from the report description reads:
AI
coupled with advanced big data analytics provides the ability to make raw data
meaningful and useful as information for decision-making purposes. The use of
AI for decision making in IoT and data analytics will be crucial for efficient
and effective decision making, especially in the area of streaming data and
real-time analytics associated with edge computing networks. Real-time data
will be a key value proposition for all use cases, segments, and solutions. The
ability to capture streaming data, determine valuable attributes, and make
decisions in real-time will add an entirely new dimension to service logic. In
many cases, the data itself, and actionable information will be the service.
Sam Mowers, Investorideas.com
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