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The #AI Eye: IBM (NYSE: IBM) AI Utilized by Karantis360, NICE (NASDAQ: NICE) RPA Partners with CallVU and CEVA (NASDAQ: CEVA) Tech Used In DJI's Mavic 2 Camera Drone

Global AI Spending Forecast to Hit $35.8 Billion in 2019, Up 44% From 2018

 

Point Roberts, WA and Vancouver, BC - March 13, 2019 (Investorideas.com Newswire) 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 (NYSE: IBM) AI Utilized by Karantis360, NICE (NASDAQ: NICE) RPA Partners with CallVU and CEVA) NASDAQ: CEVA) Tech Used In DJI's Mavic 2 Camera Drone

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

Global AI Spending Forecast to Hit $35.8 Billion in 2019, Up 44% From 2018

The International Data Corporation (IDC) forecasts that global spending on AI systems will reach $35.8 billion USD by 2019, which marks an increase of 44 percent over 2018 spending. Furthermore, IDC finds that spending on AI systems will more than double to $79.2 billion in 2022 with a compound annual growth rate (CAGR) of 38 percent from 2018-2022. The study finds that the retail sector will lead spending, with banking coming in second. Marianne Daquila, research manager, Customer Insights & Analysis at IDC, said:

"Significant worldwide artificial intelligence systems spending can now be seen within every industry as AI initiatives continue to optimize operations, transform the customer experience, and create new products and services. This is evidenced by use cases, such as intelligent process automation, expert shopping advisors & product recommendations, and pharmaceutical research and discovery exceeding the average five-year compound annual growth of 38%. The continued advancement of AI-related technologies will drive double-digit year-over-year spending into the next decade."

IBM AI Utilized by Karantis360, NICE RPA Partners with CallVU and CEVA Tech Used In DJI's Mavic 2 Camera Drone

Stocks discussed: (NYSE:IBM) (NasdaqGS:NICE) (NasdaqGS:CEVA)

UK startup Karantis360, a care management company, is utilizing IBM (NYSE:IBM) technology such as Watson AI in their assisted living solution. Nick Hampson, Managing Director of Karantis360, said:

"By working with IBM, we have been able to develop a digital solution that could completely revolutionize the way we care for our loved ones, reducing the burden of care and helping vulnerable and older people to live in their own homes for longer. With IBM's cloud technologies, AI capabilities and innovation ecosystem, we've gone from concept, to service delivery, to our first clients in under 12 months. It's been an incredible journey."

NICE Ltd. (NasdaqGS:NICE) has announced a partnership between its NICE Robotic Process Automation (RPA) and digital customer engagement leader CallVU. The collaboration between NICE RPA's AI-infused robots with CallVU's digital engagement technology streamlines customer service while improving back end processes. Barry Cooper, President, NICE Enterprise Product Group, said:

"NICE RPA's powerful robots simplify complex operational processes by seamlessly executing tasks in the background, thus empowering customer interaction agents to focus on what really matters. This enables organizations to not only improve productivity but also drive a superior customer experience."

CEVA, Inc. (NasdaqGS:CEVA) has announced that DJI's Mavic 2 camera drones use CEVA DSPs and platforms to enable on-device artificial intelligence, advanced computer vision and long-range communication capabilities. Gideon Wertheizer, CEVA CEO, said:

"DJI's camera drones are transforming multiple industries, utilizing artificial intelligence, computer vision and other disruptive technologies to deliver truly unprecedented experiences. The Mavic 2 series of drones epitomize this innovation, and we're proud that our advanced DSPs and platforms for computer vision, AI and long-range communications help DJI lead the market."

Sam Mowers, Investorideas.com


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