The AIEye: IBM (NYSE: $IBM) Announces AI-Based Weather Signals, NICE (NasdaqGS: $NICE) Actimize Selected by SPD Silicon Valley Bank and Nuance (NasdaqGS: $NUAN) Powers Geely’s GKUI Digital Cockpit System
AI in Big Data Analytics and IoT to Hit $24 Billion in 2024
Point Roberts WA, Vancouver BC – May 24, 2019 – 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.
Today’s Column- Stocks discussed: (NYSE:IBM) (NasdaqGS:NICE) (NasdaqGS:NUAN)
IBM (NYSE:IBM), along with its subsidiary, The Weather Company, has announced the AI-based IBM Weather Signals. The new project leverages Watson AI, combining operational and weather data to provide businesses with a forecast model. Kristen Lauria, General Manager of Watson Media and Weather, explains:
"Companies instinctively know that weather impacts their businesses, but most rely on historical weather norms to make assumptions about the future. Weather Signals provides powerful insight into the correlation between real-time changes in weather and corresponding changes in local business performance – even months in advance. That insight can potentially add millions to a company's bottom line."
NICE Actimize, a subsidiary of NICE Ltd. (NasdaqGS:NICE), was selected by SPD Silicon Valley Bank to update the latter’s anti-money laundering strategy with next generation AI-infused transaction monitoring protections. Craig Costigan, CEO, NICE Actimize, commented:
“Demonstrating our commitment to the entire Asia-Pacific community, we are most proud of our ongoing relationship with SPD Silicon Valley Bank, and our future successes as we further focus on China and the region at large. We know that our years of experience in anti-money laundering contribute strongly to the confidence the financial institution has placed in us as we work to continue to strengthen its anti-money laundering operations with advanced analytics and AI technologies.”
Nuance Communications, Inc. (NasdaqGS:NUAN) has announced that its automotive division is providing AI-powered voice recognition for select car models from Geely, the fastest-growing automotive manufacturer in China. Nuance Automotive is responsible for powering several features of Geely’s digital cockpit system, known as GKUI. GKUI brings together infotainment, connectivity, and vehicle management.
AI in Big Data Analytics and IoT to Hit $24 Billion in 2024
A report from Research and Markets finds that the global market for AI in big data analytics and IoT will exceed $24 billion USD in 2024. The Asia-Pacific region is expected to lead growth of the market, with North America to follow. An excerpt from the report description reads:
AI coupled with advanced big data analytics provides the ability to make raw data meaningful and useful as information for decision-making purposes. The use of AI for decision making in IoT and data analytics will be crucial for efficient and effective decision making, especially in the area of streaming data and real-time analytics associated with edge computing networks. Real-time data will be a key value proposition for all use cases, segments, and solutions. The ability to capture streaming data, determine valuable attributes, and make decisions in real-time will add an entirely new dimension to service logic. In many cases, the data itself, and actionable information will be the service.
Sam Mowers, Investorideas.com
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