The #AI Eye: Accenture ( $ACN) Opens Intelligent Operations Center in Japan, NICE ( $NICE) Announced IFM-X Fraud Management Platform and FARO ( $FARO) Announces 3D Reality Capture Platform SCENE 2019
AI in Telecommunications CAGR Projected at 47% From 2029-2023
Point Roberts, WA and Vancouver, BC - January 28, 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: Accenture ( $ACN) Opens Intelligent Operations Center in Japan, NICE ( $NICE) Announced IFM-X Fraud Management Platform
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
AI in Telecommunications CAGR Projected at 47% From 2029-2023
Market research firm Technavio recently published a report analyzing the Global Artificial Intelligence Market in the Telecommunication Industry. The research finds that in the forecast period of 2019-2023, the AI in telecommunications market will see a compound annual growth rate (CAGR) of 47 percent. An excerpt from a summary of the market drivers reads:
Predictive maintenance is key to enhancing telecommunications equipment performance and reducing costs. AI systems allow for more accurate predictions, collecting and analyzing data from multiple sources in order to predict equipment failure before it occurs. This allows telecom companies to minimize downtime and improve effectiveness. It is particularly helpful for mobile towers, providing surveillance to structures that are difficult to access.
Another application of AI in telecommunication services is customer service. Telecom companies serve millions of people every day, making customer service both a challenge and an essential part of doing business. AI applications can help automate inquiries and route consumers to the right service agent. Email bots and chatbots both help reduce the load on human agents, allowing them to spend more time helping customers. These factors will help drive artificial intelligence market growth in the telecom industry.
Accenture Opens Intelligent Operations Center in Japan, NICE Announced IFM-X Fraud Management Platform and FARO Announces 3D Reality Capture Platform SCENE 2019
Stocks discussed: (NYSE:ACN) (NasdaqGS:NICE) (NasdaqGS:FARO)
Accenture (NYSE:ACN) has opened the Accenture Intelligent Operations Center Fukuoka in Fukuoka-shi, Fukuoka Prefecture in Japan. At the center, clients can work with Accenture's experts on digital and automation technologies, including robotic process automation (RPA), analytics, artificial intelligence (AI) as well as specific industries and business processes, including accounting, finance, HR, procurement, sales, and marketing, to create intelligent operations. Atsushi Egawa, president and country manager of Accenture Japan, commented:
"Expanding in Fukuoka now gives clients more resources to address their need for automation and to improve the efficiency of their operations for superior business outcomes. Fukuoka's innovative spirit and culture for open mindedness and new ideas makes it an ideal city for the new facility for the future of work. Accenture has 20 consecutive quarters of double-digit growth in Japan, and we hope the Accenture Intelligent Operations Center will accelerate the growth our business."
NICE Ltd. (NasdaqGS:NICE) has announced the IFM-X, a "next-generation Integrated Fraud Management (IFM) platform that leverages automation and machine learning to optimize effectiveness while reducing the total cost of implementing and operating an enterprise fraud risk management system." Craig Costigan, CEO of NICE Actimize, said:
"Rapidly changing demands in the fraud marketplace led NICE Actimize to develop the new IFM-X platform in response to our customers' challenging requirements. This new platform unleashes the power of our market-leading fraud expertise coupled with expert-led machine learning technology to enable superior protection against constantly evolving and malicious fraud attacks."
FARO Technologies, Inc. (NasdaqGS:FARO) has announced the release of the SCENE 2019, an advanced, integrated software platform which is specifically designed to evolve the 3D reality capture, analysis and documentation experience across the public safety forensics segment for crash, crime, fire and security planning and Traceable Construction for Architecture, Engineering and Construction markets.
Sam Mowers, Investorideas.com
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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