#AIEye Episode 458: Accenture (NYSE: $ACN) Completes Acquisition of N3 and FactSet (NYSE: $FDS) Enters Agreement for Truvalue Labs Acquisition
European
AI in Fashion Market to Reach $933.9 Million in 2027
Point Roberts WA, Vancouver BC – October 21, 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:ACN) (NYSE:FDS)
Accenture (NYSE:ACN) has completed its acquisition of N3, described in
the press release as “business-to-business (B2B) sales firm that combines
specialized talent with artificial intelligence (AI) and machine learning (ML)
capabilities to enable smarter, more efficient sales interactions.” The
acquisition brings 2,200 employees from N3, and will combine “N3’s cloud-based
AI/ML technology with Accenture’s SynOps platform” to “give Accenture the
ability to aggregate millions of interaction points into actionable insights to
help clients drive sales growth.” Manish Sharma, group chief executive of
Accenture Operations, commented:
“Bringing
N3 into the Accenture family will better enable us to help companies influence
purchasing decisions at critical stages. Together, our real-time insights will
augment decision-making, deepen sales interactions and help our clients achieve
sustainable growth. We are excited about the potential of what Accenture and N3
can achieve together."
FactSet Research Systems Inc. (NYSE:FDS) has entered into a definitive agreement to acquire
Truvalue Labs, Inc., described in the press release as “a pioneer in AI-driven
environmental, social, and governance (ESG) data.” Commenting on the news,
FactSet CEO Phil Snow said:
“Truvalue
Labs provides detailed and actionable ESG scores backed by a credible body of
academics. ESG funds have seen record inflows this year and client demand for
valuable, up-to-date ESG signals is high. Combining Truvalue Lab’s offering
with FactSet’s content and technology suite will add value across our
businesses. We believe this acquisition will yield compelling results for both
firms and our joint client bases.”
European
AI in Fashion Market to Reach $933.9 Million in 2027
A report published by ReportLinker finds that the European market
for Artificial Intelligence in Fashion will grow from $69.2 million in 2018 to
$933.9 million in 2027 with a compound annual growth rate (CAGR) of 34 percent in
the forecast period 2019-2027. An excerpt from the report summary reads:
Availability
of massive amount[s] of data due to increasing proliferation of digital
services such as Chatbots and increase[s] in operational efficiency & sales
through intelligent automation is driving [the] artificial intelligence in
fashion market[‘s] growth. In addition, [the] implementation of natural
language programming (NLP) [in the] fashion industry pose[s] significant
opportunities for artificial intelligence in fashion market vendors. The
fashion industry across the globe is embracing and investing in disruptive
technologies such as IoT, AI, predictive analytics, and big data, among others.
This increasing adoption is driven by the successful implementation of AI,
which resulted in enhanced operational efficiency, increased sales revenue, and
improved customer experiences.
Sam Mowers, Investorideas.com
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