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The #AI Eye: SEAT Uses #IBMWatson for 'Mobile Advisor', Accenture ( $ACN) Launches Applied Intelligence Platform and Avnet ( $AVT) Teams with Octanion and Orange for SmartEdge Agile IoT Device

Global AI in Armored Vehicles Market to Reach $36.4 Billion by 2025 at CAGR of 5.4%

 

Point Roberts, WA and Vancouver, BC - February 26, 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: SEAT Uses #IBMWatson for 'Mobile Advisor', Accenture ( $ACN) Launches Applied Intelligence Platform

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

Global AI in Armored Vehicles Market to Reach $36.4 Billion by 2025 at CAGR of 5.4%

A report from Research and Markets finds that the global AI in Armored Vehicle Market will grow to $36.4 billion USD by 2025 with a compound annual growth rate (CAGR) of 5.4 percent in the forecast period 2019-2025. An excerpt from the report summary reads:

Growing internal and external terrorist activities across the globe are expected to drive market demand over the forecast period. Technological advancements such as unmanned vehicles are expected to further fuel market growth.

Armored vehicles are protected by layers of depleted uranium or stainless-steel and are equipped with robust weapons that combine defensive, tactical offensive, and operational mobility capabilities. Development of advanced vehicles and technologies such as unmanned armored vehicle and AI-based smart object recognition and tracking technology to be used in the military sector is expected to propel the market over the next few years.

SEAT Uses IBM Watson for 'Mobile Advisor', Accenture Launches Applied Intelligence Platform and Avnet Teams with Octanion and Orange for SmartEdge Agile IoT Device

Stocks discussed: (NYSE:IBM) (NYSE:ACN) (NasdaqGS:AVT)

SEAT, one of Europe's biggest automobile manufacturers, has teamed with IBM (NYSE:IBM) to launch 'Mobile Advisor'. 'Mobile Advisor' is powered by IBM's Watson AI and runs on the IBM Cloud "to provide users with a conversational interface to plan and optimise routes and suggest the most suitable transportation options". Watson Machine Learning allows Mobile Advisor to memorize a driver's habits and preferences and generate custom routes based on them. Jordi Caus, SEAT's Head of New Urban Mobility Concepts said:

"With its advanced cloud and AI technologies, IBM is helping us to innovate new approaches to mobility that will transform our business strategy while improving the lives of people living in urban areas."

Accenture (NYSE:ACN) launched its Applied Intelligence Platform yesterday at the Mobile World Congress in Barcelona. According to the press release, the platform "allows organizations to apply pre-configured self-learning industry solutions, as well as develop new solutions, without the need for deep data science expertise". Mike Sutcliff, group chief executive, Accenture Digital, explained:

"The Applied Intelligence Platform enables AI-powered transformation at scale as clients will be able to systematically embed AI across their operations - from the edge right through to the cloud. Thanks to the platform, the power to leverage AI to drive unprecedented new growth and efficiencies and unlock new insights, business models and experiences is within reach of every organization."

Avnet, Inc. (NasdaqGS:AVT) and IoT company Octonion have joined with mobile network provider Orange to launch the Avnet SmartEdge Agile IoT device. The device uses Octonion's Brainium meta-sensing AI software, which is designed for the LTE-M network. Lou Lutostanski, global vice president of IoT for Avnet, commented:

"The LTE-M network is an ideal network for IoT edge computing, and when combined with Avnet's SmartEdge Agile IoT Device, customers will be able to deploy smart, secure IoT solutions quickly and cost effectively. Our relationship with Octonion, Sequans, and now Orange, the first mobile operator to deploy an LTE-M solution at the edge, gives us a 'first mover advantage,' further solidifying the unique value Avnet's ecosystem delivers to customers."

Sam Mowers, Investorideas.com


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