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The #AIEye: AWS Announces Amazon ( $AMZN) DocumentDB, Gridsum ( $GSUM) Expands Relationship with NIKE (NYSE: $NKE)

AI in BFSI Market to Hit $11.3 Billion USD by 2023 at CAGR of 28.7%

 

Point Roberts, WA and Vancouver, BC - January 10, 2019 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI), in partnership with Gopher Protocol's (OTCQB: GOPH). Avant!, the latest innovation in machine learning, brings you today's edition of The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence.

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The #AI Eye: AWS Announces Amazon ( $AMZN) DocumentDB, Gridsum ( $GSUM) Expands Relationship with NIKE (NYSE: $NKE)

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

AI in BFSI Market to Hit $11.3 Billion USD by 2023 at CAGR of 28.7%

A new report from Market Research Vision looks at the projected growth in the AI in the banking, financial services and insurance (BFSI) market. The research finds that the market will grow from $2.5 billion USD in 2017 to $11.3 billion USD in 2023 at a compound annual growth rate (CAGR) of 28.7 percent in the forecast period. An excerpt from the report summary reads:

Artificial Intelligence (AI) is fast evolving as the go-to technology for companies across the world to personalise experience for individuals. The rudimentary applications AI include bring smarter chat-bots for customer service, personalising services for individuals, and even placing an AI robot for self-service at banks. Beyond these basic applications, banks can implement the technology for bringing in more efficiency to their back-office and even reduce fraud and security risks.

AWS Announces Amazon DocumentDB, Gridsum Expands Relationship with NIKE and Accenture Collaborate with KPN to Demonstrate 5G Application

Stocks discussed: (NasdaqGS:AMZN) (NasdaqGS:GSUM) (NYSE:NKE) (NYSE:ACN)

Amazon Web Services, a subsidiary of Amazon (NasdaqGS:AMZN), has announced the Amazon DocumentDB with MongoDB compatibility. DocumentDB is a "fast, scalable, highly available, and fully managed document database service" that allows developers to use the same MongoDB application code, drivers and tools. Shawn Brice, Vice President of Non-Relational Databases at AWS said:

"While other companies have taken the same emulation approach we have to providing a MongoDB compatible service, nobody has built the unique, distributed, fault-tolerant, highly scalable, self-healing storage system that AWS has to work seamlessly with MongoDB."

Gridsum Holding Inc. (NasdaqGS:GSUM) has expanded its relationship with NIKE, Inc. (NYSE:NKE). NIKE's Consumer Direct Sciences team will utilize the strong data analysis, modeling, and consulting services, from Gridsum's Marketing Automation Suite. According to the press release:

"Gridsum's cloud-based big-data analytics and AI capabilities will analyze NIKE's consumer behavior across multiple marketing channels to strengthen its advertising strategy with highly-targeted marketing content, improve its portfolio of products and build sophisticated customer profiles."

Accenture (NYSE:ACN) is teaming up with KPN, a Dutch telecommunications company, to demonstrate the value of 5G-enabled industrial applications. Accenture will "develop and test industrial applications that use the power of the new generation of mobile networks". KPN's executive vice president of Business Products, Jacob Groote, commented:

"5G is not just another generation of connectivity; rather, it will affect and connect all of society. It is therefore crucial that we explore, with customers and technology partners, how 5G can optimize business processes and improve customer experience. By embracing 5G early, and with Accenture's help, we can broaden our ecosystem to connect businesses and provide new use cases across many different industries and sectors, from agriculture and logistics to manufacturing and more. The 5G Field Lab is just the start of what we can achieve in the new, connected world."

Sam Mowers, Investorideas.com

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Gopher Protocol's (OTCQB: GOPH) Avant! is the latest innovations in machine learning and is targeted to empower Gopher Protocol's wide range of IoT and mobile technologies. Avant! can be integrated into wide range of applications in a variety of fields among these are business, medicine, engineering, analytics and more. Avant! learns and enhances its expertise based on wide range of data sources and on its own. www.avant-ai.com.

AI expert Dr. Danny Rittman, CTO of Gopher Protocol Inc. (OTCQB: GOPH) is a semiconductor designer with over twenty years of experience with companies such as Intel (NasdaqGS: INTC), DEC, IBM (NYSE:IBM), and Qualcomm (NasdaqGS: QCOM). He has worked on many prestigious Integrated Circuits projects, among them the Intel's Pentium Pro, DEC's Alpha chip and others. Danny was the founder and CTO of BindKey Technologies, an EDA corporation that was acquired by DuPont Photo masks.

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