The AI Eye: AWS (Nasdaq: $AMZN) Teams with Emirates NBD to Streamline Banking Services with AI and ML and Avnet (Nasdaq: $AVT) Adds AI and IoT Development to Ultra96 Platform
Point Roberts, WA and Vancouver, BC - May 29, 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: AWS (Nasdaq: $AMZN) Teams with Emirates NBD to Streamline Banking Services with AI and ML and Avnet Nasdaq: $AVT) Adds AI and IoT Development to Ultra96 Platform
Today's Column - The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (Nasdaq:AMZN) (Nasdaq:AVT)
Amazon Web Services (AWS), a subsidiary of Amazon.com (NasdaqGS:AMZN), is collaborating with Middle East banking giant Emirates NBD to leverage AI and machine learning with the aim of improving banking services and customer experience. Andy Isherwood, Managing Director, Amazon Web Services EMEA, said:
"Across every industry, companies are starting to meaningfully use machine learning in their businesses, and AWS offers the broadest and deepest portfolio of machine learning services to help them solve some of their biggest challenges. We are excited to see how these technologies are helping transform the financial services industry in the Middle East and around the world."
"At Avnet, we're committed to helping developers bring their designs to life by providing accessible resources throughout every stage of the product development lifecycle, but especially during the early and critical prototyping stage. Together with Hackster.io, our technical training courses will help engineers tap into both the software and hardware capabilities of the Ultra96 boards. And with our new mezzanine card, we're providing another easy-to-use opportunity to reduce the complexity, time and risk of bringing new IoT and AI projects to life."
Machine Learning as a Service Market to See 38.4% CAGR from 2017-2025
A report from Transparency Market Research finds that the global machine learning as a service (MLaaS) market is projected to exhibited a compound annual growth rate (CAGR) of 38.4 percent from 2017 to 2025. An excerpt from the report summary reads:
Owing to the rapid technological advancements and the stronger need to understand the behavior of customer, the machine learning as a service market is expected to witness an exponential boom in the years to come. Machine learning as a service is a span of services that provides tools for machine learning as a part of cloud computing services. The providers of machine learning for service offers various tools such as API, natural language processing, data visualization, deep learning and predictive analytics. Generally, Machine Learning is an Artificial Intelligence programmed application. Major factors boosting the growth of the machine learning as a service market are the adoption of cloud based technologies and technological advancements into the computing world. Moreover, the increase in demand for understanding customer behavior in terms of machine learning is also propelling the market.
Sam Mowers, Investorideas.com
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