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The #AI Eye: Amazon ( $AMZN) Web Services Chosen For Guinness Six Nations Rugby Championship, IBM ( $IBM) and SAP Canada to Transform Toronto Transit

Global Homeland Security & Public Safety Market to Hit $606 Billion by 2024 at CAGR of 5.8% Driven by AI Innovation

 

Point Roberts, WA and Vancouver, BC - February 1, 2019 (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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The #AI Eye: Amazon ( $AMZN) Web Services Chosen For Guinness Six Nations Rugby Championship, IBM ( $IBM) and SAP Canada to Transform Toronto Transit

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

Global Homeland Security & Public Safety Market to Hit $606 Billion by 2024 at CAGR of 5.8% Driven by AI Innovation

Research from Report Linker indicates that the Global Homeland Security & Public Safety Market - driven largely by AI innovations - will grow from $431 billion in 2018 to $606 billion in 2024 at a compound annual growth rate (CAGR) of 5.8 percent. Excerpts from the repot summary read:

17 years have passed since 9/11, and the global Public Safety & Homeland Security market, technologies and industry are forecast to go through major shifts. New and maturing technologies, such as artificial intelligence, big data & data analysis, smart sensors, AI-based cybersecurity, 5G, TETRA & LTE emergency communication and AI based video analytics, will create new market segments and fresh business opportunities.

The Asian-Pacific & North American markets will continue to dominate the market, holding together over 50% of market share during the forecast period. Market analyses by country show that Saudi Arabia, UAE, the U.S.A and Israel are the leading markets in terms of market size per citizen.

Amazon Web Services Chosen For Guinness Six Nations Rugby Championship, IBM and SAP Canada to Transform Toronto Transit and Kofax Acquires Nuance Document Imaging

Stocks discussed: (NasdaqGS:AMZN) (NYSE:IBM) (NYSE:SAP) (NasdaqGS:NUAN)

Amazon (NasdaqGS:AMZN) announced yesterday that the Guinness Six Nations rugby championship has selected Amazon Web Services (AWS) analytics, machine learning, and deep learning services to enhance the rugby viewing experience. According to the press release: "The use of artificial intelligence and machine learning technology from AWS will drive new insights into the game and will set the standard for what rugby fans around the world expect from their sports broadcasters. These new statistics will be generated by gathering live data from the game, streaming them into AWS to store and do analytics, and then delivering these insights back to the live broadcast for viewers in over 170 countries to enjoy."

IBM (NYSE:IBM) and SAP Canada, a subsidiary of German software firm SAP SE (NYSE:SAP), announced their joint effort to transform the Toronto Transit Commission's (TTC) internal payroll, finance and HR processes, providing the public sector organization with a modern, digitally advanced solution. Part of this involves the implementation of SAP S/4HANA Finance, which is deployed on the SAP intelligent enterprise platform HANA, providing a foundation to introduce Machine Learning and Artificial Intelligence tools to help the TTC improve financial stewardship of its people, assets and service offerings. Dave McCann, Canadian Public Sector Leader, IBM Services said:

"When it comes to Human Resources systems and any circumstances where people's private information is involved, it is critical for the technology to be efficient and stable. This project brought together the strength and capabilities of IBM and SAP to create a solution that will make a real difference to the 15,000 employees of the TTC."

Software company Kofax has close its acquisition of Nuance Document Imaging (NDI), a division of Nuance Communications, Inc. (NasdaqGS:NUAN). With the sale of NDI to Kofax for $400 million, Nuance can focus the business on its conversational AI- and cloud-based solutions, while simplifying the organization and improving its growth profile.

Sam Mowers, Investorideas.com


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