The #AIEye: IBM (NYSE: $IBM) to Contribute Tech to
Open-Source Hardware Community, Honeywell (NYSE: $HON) Announces New Suite of
Solutions for Smart Buildings
Smart Building Market to Reach $33.7 Billion by 2023
Point Roberts WA, Vancouver BC – August 21,
2019 – Investorideas.com (www.investorideas.com), a global investor news source
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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and
advancements in artificial intelligence
Stocks
discussed: (NYSE:IBM) (NYSE:HON) (NYSE:WIT)
IBM (NYSE:IBM) has announced
that it will be contributing the POWER
Instruction Set Architecture (ISA), the Open Coherent Accelerator Processor
Interface (OpenCAPI) and the Open Memory Interface (OMI) to the open-source
hardware community. These contributions will help developers build innovative
new hardware and create new software applications for AI and hybrid cloud,
according to the press release. IBM's OpenPOWER General Manager Ken King
commented:
"With
today's announcement IBM is taking another significant step in driving
innovation across the industry through open technology and open source. With
our recent Red Hat acquisition and today's announcement, IBM becomes the only
processor vendor and POWER becomes the only commercially-available architecture
with a completely open system stack, from the foundation of the hardware
through the software stack."
Honeywell International Inc. (NYSE:HON) introduced the next
generation of Enterprise Building Integration (EBI), Command and Control Suite
(CCS), and Digital Video Manager (DVM). These solutions form a suite enabled by
the Honeywell Forge for Buildings platform, that will enhance efficiency, data
analysis, control and security. Mark Verheyden, president, Honeywell Building
Solutions, said:
"For
buildings to be smarter, more efficient and effective, an operating system must
be in place that works to constantly improve resource management. These systems
help keep people safe and secure, enhance the building experience, and protect
the data and processes that drive operations. The overall health of the
building ecosystem can impact business success – just like great talent and
experience. Our building operation teams help customers address building use
and critical infrastructure challenges."
Wipro Limited (NYSE:WIT) has announced a strategic
partnership with the Indian Institute of Science (IISc) for research in
autonomous systems, robotics and 5G space. This will be done through the
jointly created Wipro IISc Research and Innovation Network (WIRIN). According
to the press release, the WIRIN team “will focus on the research and
development of cutting-edge technologies in Artificial Intelligence, Machine
Learning, Visual Computing, Human Computer Interaction (HCI) and
Vehicle-to-everything communication (V2X)”. Abidali Z. Neemuchwala, Chief
Executive Officer and Managing Director, Wipro Limited, commented:
“We
are excited to collaborate with the Indian Institute of Science, Bangalore, one
of the most prestigious research institutes in the world, to develop innovative
solutions for autonomous systems, robotics and 5G. This is a significant step
towards strengthening our position to be at the forefront of these
transformative technologies.”
Smart
Building Market to Reach $33.7 Billion by 2023
A report from Market Research Future
finds that the global Smart Building market will grow from $7.45 billion in
2017 to $33.7 billion USD by 2023 with a compound annual growth rate (CAGR) of
29.69 percent in the forecast period. An excerpt from the report description
reads:
Automation
and IoT are likely to govern [the] majority of the technology trends in the
future. The housing sector apparently is next in line to embrace these new-age
inventions. Smart building has quickly become a reality. Innovation in
residential building industry has been slower as compared to some of the other
dynamic sectors. The stringent regulatory framework is partly responsible for
the delay. However, there is a massive turnaround that is being noticed, as the
industry forays into technologies such as connected device, sensor[s],
artificial intelligence, etc. A move which has led to the emergence of smart
buildings.
Sam
Mowers, Investorideas.com
For
a list of artificial intelligence stocks on Investorideas.com visit here or become an Investor Ideas member
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