The #AIEye #Podcast Episode 478: IBM (NYSE: $IBM) Expanding #AI-Automated Solutions with Instana Acquisition and NICE (NasdaqGS: $NICE) Selected by Desjardins to Modernize Financial Crime Operations
Global Edge AI
Software to Reach Nearly $3.8 Billion by 2028
Point Roberts WA, Vancouver BC – November 18, 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:IBM) (NasdaqGS:NICE)
IBM (NYSE:IBM) has announced a definitive agreement to acquire
application performance monitoring and observability company Instana, adding to
its AI-powered automation capabilities. Rob Thomas, Senior Vice President,
Cloud and Data Platform, IBM, explained:
“Our clients today
are faced with managing a complex technology landscape filled with
mission-critical applications and data that are running across a variety of
hybrid cloud environments – from public clouds, private clouds and on-premises.
IBM's acquisition of Instana is yet another important step that we are taking
to provide companies with the most complete portfolio of AI-automated solutions
to tackle this enormous challenge and help prevent unforeseen IT incidents that
can cost a business in lost revenue and reputation."
NICE Ltd. (NasdaqGS:NICE) has been selected by Canadian financial cooperative
Desjardins Group to provide modernization and expansion for the latter’s
“financial crime compliance program and operations.” This expansion will combine
“AI, machine learning, advanced analytics and superior domain expertise,” to
“optimize analysts’ efficiency and boost coverage in key growth areas for the
institution.” Véronique Bégnoche, Vice-President, Security Governance, Projects
and Analytics, Desjardins Group, commented:
"Desjardins is
excited to update its existing footprint in financial crime management,
adopting AI and the other advanced technologies we need to succeed on behalf of
our member institutions. As we leverage our ongoing partnership, we are
confident that NICE Actimize’s depth of experience and technology leadership
will bring us the efficiencies we need to grow. Today’s challenges require
agility, broad domain expertise, and the ability to manage our growing demands
around data. NICE Actimize’s suite of advanced financial crime solutions will
significantly improve our investigators’ efficiency, contain costs and stay
current with the ever-growing challenges of financial crime fighting."
Global Edge AI
Software to Reach Nearly $3.8 Billion by 2028
A report published by Adroit Market Research finds that the global
Edge AI Software market will reach nearly $3.8 billion by 2028. According to
the report summary, “the increasing use cases,” and the “the emergence of
intelligent applications,” in Edge AI Software are projected to drive the
market’s growth, whereas “the growing security concerns about data
confidentiality is likely to hamper the market growth.” An excerpt from the Analyst Commentary section of the report
reads:
The growing
enterprise workload on cloud across industry domains is the key reason driving
the demand for edge AI software solutions. Moreover, in recent years, the growth
and development of machine learning and artificial intelligence has buoyed the
market incredibly. With the new use cases increasing day by day, the market is
projected to increase several folds during the forecast year. However, the
concern regarding data theft and data confidentiality are expected to hinder
the market growth. The regulations regarding the ethical data use are also
likely to hamper the growth of the market.
Sam Mowers, Investorideas.com
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