#AIEye
#Podcast 605: #Stocks discussed: (NYSE: $ORCL) (NasdaqGM: $INOD) #artificialintelligence
Oracle
Announces AI-Powered Fusion Marketing Solution, and Innodata Unveils New
AI-Enabled Capabilities for SaaS Platform Agility
Global
#LegalTech #AI Market to Reach $37.85B by 2026
Point Roberts WA, Vancouver BC – September 20,
2021 – 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
Listen
to today’s podcast:
https://www.investorideas.com/Audio/Podcasts/2021/092021-AI-Eye.mp3
Read this in full
at https://www.investorideas.com/news/2021/artificial-intelligence/09201ORCL-INOD.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:ORCL) (NasdaqGM:INOD)
Oracle Corporation (NYSE:ORCL) has today announced Oracle Fusion Marketing, a solution
that uses artificial intelligence “to automatically score leads at the account
level, predict when consumers are ready to talk to a salesperson, and generate
a qualified sales opportunity in any CRM system.” Rob Tarkoff, executive vice
president and general manager, Oracle Advertising and Customer Experience,
commented:
"It
is time for our industry to think differently about marketing and sales
automation so that we can transform CRM into a system that actually works for
both the marketer and the salesperson. This is not about forecasts and rollups
or a reporting tool to see how the sales force is performing, but instead about
turning CRM into a system that helps sellers sell. A huge part of that change
is bringing marketing and sales teams together and eliminating the low-value,
time consuming tasks that distract from building customer relationships and
closing deals. That's why we have invested so much time engineering a system
that will help marketers fully automate lead generation and qualification and
get highly qualified leads to the sales team faster."
Data engineering firm Innodata Inc. (NasdaqGM:INOD) has introduced a “host of powerful new AI-enabled
capabilities in its latest release of Agility, its software-as-a-service (SaaS)
industry AI platform for public relations.” Some of these include AI-enabled
workflows for content creation, contact targeting, and content distribution, as
well as AI-enabled tools to keep targeting lists updated, and an AI-powered
news release assistant. Martin Lyster, CEO of Innodata subsidiary Agility PR
Solutions, said:
"Testing
has confirmed our exciting new release offers Agility subscribers important
increases in news release open rates as well as 57% time savings. This
translates into improved ROI."
Global
LegalTech AI Market to Reach $37.85B by 2026
A report published by Zion Market Research finds that the global
LegalTech AI market is projected to reach $37.85 billion by 2026, registering a
compound annual growth rate (CAGR) of 35.94 percent in the forecast period
2018-2026. An excerpt from the report’s analysis section outlines factors influencing
the market’s growth:
The
rising funding for AI and the growing adoption of AI in legal firms are major
factors driving the global legaltech artificial intelligence market growth. The
quick implementation of AI for in-house legal counsel enables the lawyers to
automate the processes and dedicate more time to important and valuable work.
There has been a growth of around 65% in legaltech companies using AI as
compared to corresponding Law Geex study in 2017. For instance, as per Crunch
base, legal tech startups raised US$1.25 million in Q1 2017 as compared to over
US$49 million in just the first month of 2018 alone. Legal tech offers several
opportunities for technology companies looking to own a share of the legal
market by developing products for law firms or selling services directly to the
consumers.
Sam Mowers, Investorideas.com
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