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AI Eye Episode 460: Honeywell (NYSE: $HON) Teams with Microsoft (NasdaqGS: $MSFT) for Industrial Clients and IBM (NYSE: $IBM) Announces New Capabilities for Maximo for Civil Infrastructure

 

Point Roberts, WA and Vancouver, BC - October 23, 2020 (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 Episode 460: Honeywell (NYSE: $HON) Teams with Microsoft (NasdaqGS: $MSFT) for Industrial Clients and IBM (NYSE: $IBM) Announces New Capabilities for Maximo for Civil Infrastructure

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Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (NYSE:HON) (NasdaqGS:MSFT) (NYSE:IBM)

Honeywell International Inc. (NYSE:HON) is teaming with Microsoft (NasdaqGS:MSFT) to improve productivity for industrial clients. More specifically, this will involve Honeywell leveraging Microsoft's Azure cloud platform and connecting Microsoft Dynamics 365 Field Service to the AI-driven autonomous controls of its Honeywell Forge enterprise performance management software, which according to the press release, will enable "predictive maintenance applications with closed-loop maintenance workflows in the buildings industry." Que Dallara, president and CEO, Honeywell Connected Enterprise, explained:

"Honeywell's partnership with Microsoft will deliver new value to our customers as we help them solve business challenges by digitizing their operations. Working with Microsoft, Honeywell will bring solutions at scale - powered by AI-driven insights and immediate access to data - that will help our customers work more efficiently than ever before."

IBM (NYSE:IBM) has today announced new capabilities in IBM Maximo for Civil Infrastructure which will "help prolong the lifespan of aging bridges, tunnels, highways, and railways." These new capabilities comprise "the ability to deploy on Red Hat OpenShift for hybrid cloud environments, as well as new AI and 3D model annotation tools that can provide deep industry and task-specific insights to support engineers." Joe Berti, VP of AI Applications at IBM, said:

"Maximo for Civil Infrastructure was developed with input from some of the largest operators of infrastructure in the world so that IBM's powerful technology across AI and IoT is carefully adapted to the unique needs of civil engineers. With these tools we believe civil engineers will be able to innovate and improve the methods for monitoring, maintaining and preserving important structures around the world."

Global AI-Powered Checkout Market to Reach $1.182 Billion by 2027

A report published by Research and Markets finds that the global AI-Powered Checkout market will grow from $97.88 million in 2019 to $1.182 billion by 2027 with a compound annual growth rate (CAGR) of 37.2 percent in that forecast period. An excerpt from the report's description reads:

Before the introduction of automation in the retail sector, retailers faced tremendous pressure to surpass customer expectations and enhance organizational efficiencies. The AI-powered checkouts provide the ability to overcome all the challenges faced by them, further helping them automate their workflows and multiple processes that ease their operations. Further, the emergence of advanced technologies, such as AI, allows retail companies to meet customer expectations by offering highly efficient services. Thus, the rise in implementation of AI-powered checkouts in the retail sectors across several developed countries drives the market growth.

Sam Mowers, Investorideas.com

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