Point Roberts, WA and Vancouver, BC – September 20, 2021 (Investorideas.com Newswire) 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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AI Eye Podcast 605: Stocks discussed: (NYSE: ORCL) (NasdaqGM: INOD)
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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