#AIEye
Episode 374: Wipro (NYSE: $WIT) Awarded Digital Transformation Engagement with
E.ON (OTC: $EONGY) and HPE (NYSE: $HPE) Unveils Ezmeral Software Portfolio
Global
General-Purpose #AI Market to Reach $3.83 Billion by 2025
Point Roberts WA, Vancouver BC – June 23, 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:WIT) (OTC:EONGY) (NYSE:HPE)
Wipro Limited (NYSE:WIT)
has been awarded a strategic, multi-year
infrastructure modernization and digital transformation services engagement by
Germany-based energy company E.ON (OTC:EONGY). According to the press release, this
partnership will see Wipro “transform E.ON’s legacy data centre operations to
hybrid cloud model by leveraging its BoundaryLess Enterprise (BLE) framework
and Wipro HOLMES™, Artificial Intelligence (AI) and automation platform.” N.S.
Bala, President and Global Head, Energy, Natural Resources, Utilities &
Construction, Wipro Limited, commented:
"We
are delighted to be selected as E.ON’s strategic transformation partner and
look forward to supporting them on their digital journey. Our hybrid cloud
hosting strategy powered by AI will provide an impetus to E.ON’s business
vision of consistently delivering technologically advanced, customer-centric
energy solutions.
In
a fast changing world of prosumers and energy convergence, operational agility
for better efficiency and effectiveness has become a strategic need for
organisations. Wipro’s deep expertise in the energy value chain, capabilities
in new and emerging technologies backed by extensive global experience in
working with some of the biggest utilities, positions us well to deliver this
high value engagement for E.ON."
Hewlett Packard Enterprise Company (NYSE:HPE) has unveiled HPE Ezmeral, a software portfolio
aimed at helping enterprises to accelerate digital transformation across their
organization, from edge to cloud. The Ezmeral portfolio comprises “container
orchestration and management, AI/ML and data analytics, cost control, IT
automation and AI-driven operations, and security.” Dr. Abdulla Al Kendi, Acting
Executive Director of Technology and Policies, Abu Dhabi Digital Authority,
commented:
"The
effective use of data is a cornerstone for any government to unlock its full
potential. For this reason, Abu Dhabi Digital Authority (ADDA) has formed a
strong partnership with HPE on a number of digitization and advanced data
initiatives. The recent COVID-19 crisis has ushered in a new chapter to our
collaboration with HPE. Using HPE Ezmeral ML Ops, ADDA is deploying
leading-edge data science and AI/ML instrumentation to develop intelligent
policies aimed at recovery and containment, preparedness and disease management
and economic growth and revitalization. We’re pleased with the performance of
the HPE Ezmeral ML Ops software so far and are very supportive of the steps HPE
is taking to deliver MLOps software through HPE GreenLake."
Global
General-Purpose AI Market to Reach $3.83 Billion by 2025
A report published by Research and Markets finds that the global
general-purpose AI market will reach $3.83 billion by 2025 for enterprise apps
and solutions. The following excerpt from the report description defines the
market:
Also
known as Artificial General Intelligence (AGI), General Purpose Artificial
Intelligence represents silicon-based Artificial Intelligence (AI) that mimics
human-like cognition to perform a wide variety of tasks that span beyond mere
number crunching. Whereas most current AI solutions are limited in terms of the
type and variety of problems that may be solved, AGI may be employed to solve
many different problems including machine translation, natural language
processing, logical reasoning, knowledge representation, social intelligence,
and numerous others.
Other highlighted findings from the report include the
projection that “embedded AI in building infrastructure and equipment will
reach $16.7B globally by 2025,” “the global market for general-purpose AI
support of big data and prescriptive analytics will reach $1.18B,” and that
“the productivity gain potential for business use of AI represents
approximately $1.8T in economic value by 2027.”
Sam Mowers, Investorideas.com
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