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The #AI Eye: $IBM ( $IBM) Reveals Maximo Asset Performance Management and Cisco ( $CSCO) and Ricoh Partner to Empower Digital Workplaces

Global AI in Manufacturing to See 51.31% CAGR from 2019-2027

 

Point Roberts, WA and Vancouver, BC - March 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: $IBM ( $IBM) Reveals Maximo Asset Performance Management and Cisco ( $CSCO) and Ricoh Partner to Empower Digital Workplaces

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

Global AI in Manufacturing to See 51.31% CAGR from 2019-2027

Report Linker has recently published research indicating that the global AI in manufacturing market is projected to show a compound annual growth rate (CAGR) of 51.31 percent in the forecast period 2019-2027. An excerpt from the report description reads:

The current trend of automation and data exchange in manufacturing technologies is heralded due to the many factors like the challenging geopolitical scenario, aging workforce and rising wages in automation technology especially in the emerging economies of certain countries. This is termed as the fourth industrial revolution or Industry 4.0. The limited existence of skilled workforce in data science coupled with concerns related to data privacy & security is expected to restrict the growth of the market in the global arena. Data scientists integrate their skills in designing, developing & training artificial intelligence & technology, whose absence can cause major losses to the marketers.

IBM Reveals Maximo Asset Performance Management and Cisco and Ricoh Partner to Empower Digital Workplaces

Stocks discussed: (NYSE:IBM) (NasdaqGS:CSCO) (OTC:RICOY)

IBM (NYSE:IBM) has announced a new portfolio, called Maximo Asset Performance Management, to help asset intensive organizations, combining IoT solutions with AI and advanced analytics. According to the press release, "the solution is designed to help organizations to lower costs and reduce the risk of failure from physical assets such as vehicles, manufacturing robots, turbines, mining equipment, elevators, and electrical transformers". Kareem Yusuf, general manager, IBM Watson IoT said:

"It's critical for companies to think about how effective their maintenance practices are. With the launch of its new Asset Performance Management solutions, IBM is helping organizations make insight-driven decisions with an integrated portfolio of advanced analytics and AI capabilities to help them improve operational effectiveness and efficiency. Maximo APM is designed to enhance an organization's existing Enterprise Asset Management system by addressing all aspects of asset performance including health, predictive maintenance and repair optimization."

Cisco Systems, Inc. (NasdaqGS:CSCO) has entered a strategic partnership with Ricoh Company, Ltd. (OTC:RICOY) to "empower digital workplaces that deliver increased productivity in a more secure environment". An excerpt from the announcement reads:

By combining RICOH Smart Integration and Cisco cloud security solutions under this partnership, Cisco and Ricoh will connect, using Cisco Meraki, the RICOH IM C Series of next-generation multi-functional printers and other office devices seamlessly and securely with multiple cloud services. This solution will reduce the time required for implementation, operation, and management. Also, by bringing together RICOH Smart Integration with Cisco's information leakage detection/prevention and other advanced authentication features, the solution will support processes that require higher security levels.

Sam Mowers, Investorideas.com


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