Point Roberts, WA and Vancouver, BC – November 24, 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 630: Stocks discussed: (Nasdaq: $AMZN) (OTC: $CFRUY) (Nasdaq: $NICE)
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
Automation of Management Processes
Stocks discussed: (NasdaqGS:AMZN) (OTC:CFRUY) (NasdaqGS:NICE)
Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has announced that Swiss luxury group Compagnie Financiere Richemont SA (OTC:CFRUY) is moving its entire enterprise IT infrastructure to AWS, where it can leverage AWS’s “advanced cloud capabilities, including machine learning, analytics, security, and database, to foster product innovation across its physical retail operations and e commerce offerings.” Kim Hartlev, Group Chief Information Officer at Richemont, said:
“AWS is integral to our enterprise IT transformation as we look for better ways to serve our customers, streamline the way we work, and compete globally. AWS, with its proven experience and highly performant global infrastructure, will deliver the agility, security, and scalability that we need to launch new business processes and new service models. AWS’s unparalleled pace of innovation and broad portfolio of services, including analytics and machine learning, will help us gain greater insights and become an even more agile company in the cloud.”
NICE Ltd. (NasdaqGS:NICE) has announced that NTT Marketing ACT, one of the largest business process outsourcers (BPO) in Japan, has selected NICE Nexidia and Enlighten to automate the bulk of its quality management processes. Darren Rushworth, President, NICE APAC, said:
“An agent’s ability to forge a connection with customers in a service channel is essential to providing better overall customer experiences. Our partnership with NTT MA has resulted in a new set of unique AI-based models to evaluate agents’ specific behaviors to help them improve those experiences. This is a first for Japan and will surely help NTT Marketing ACT stand out in the market.”
Global Edge AI Processor Market to Generate $8.05B from 2021-2028
A report published by Research Dive finds that the global Edge AI Processor market will generate $8.05 billion USD from 2021-2028 with a compound annual growth rate (CAGR) of 16.5 percent. The following excerpt from the report overview outlines the impact of on-device AI processors for image analysis on the market:
AI mobile processors power computational imaging applications in drones, wearable electronics, robots, and self-driving cars. The use of AI-based vision processing units (VPU) can assist drones in making better decisions and reducing the risk of accidents, which will contribute to the growing demand for industrial and personal drones. Computational imaging and visual awareness applications improve mobile devices by replacing complex optics with simpler lens assemblies and multiple apertures; combining images captured by heterogeneous sensors such as infrared (IR) and depth sensors RGB (red, green, blue); and extracting contextual metadata from still images and video streams. These factors enable the use of VPUs in mobile handsets, tablets, wearable devices, and personal robots for a wide range of new application areas and use cases (previously limited to desktops and workstations). VPU-enabled surveillance cameras enable real-time data processing in cameras rather than the cloud, lowering the risk of data hacking and enabling faster processing.
Sam Mowers, Investorideas.com
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