The AI Eye: Salesforce (NYSE: $CRM) Acquiring Tableau Software and Accenture (NYSE: $ACN) Recognized as Worldwide Microsoft Implementation Leader
Point Roberts, WA and Vancouver, BC - June 10, 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: Salesforce (NYSE: $CRM) Acquiring Tableau Software and Accenture (NYSE: $ACN) Recognized as Worldwide Microsoft Implementation Leader
Today's Column - The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NYSE:CRM) (NYSE:DATA) (NYSE:ACN)
salesforce.com, inc. (NYSE:CRM) has signed a definitive agreement to acquire leading analytics platform Tableau Software, Inc. (NYSE:DATA). The acquisition brings Tableau's analytics and Salesforce's AI-powered Einstein platform together, which the press release claims "will deliver the most intelligent and intuitive analytics and visualization platform for every department and every user at any company". Marc Benioff, Chairman and Co-CEO, Salesforce, said:
"We are bringing together the world's #1 CRM with the #1 analytics platform. Tableau helps people see and understand data, and Salesforce helps people engage and understand customers. It's truly the best of both worlds for our customers--bringing together two critical platforms that every customer needs to understand their world."
Accenture (NYSE:ACN), along with digital services provider Avanada, has been recognized in a recently published report from IDC (International Data Corporation) for its leadership in worldwide Microsoft implementation services. An excerpt from the report reads:
"This relationship enables them to have a go-to-market strategy that is closely aligned with Microsoft's strategy to take customers to the path of digital transformation. Together, they offer solutions around digital customers, the digital workplace, business applications, Internet of Things (IoT), AI, cloud transformation, and engineering services that help facilitate a customer's digital transformation journey."
Tech Entrepreneur Tej Kohli Invests $100 Million Into AI Ventures
The Financial Post reports that London-based tech entrepreneur Tej Kohli has invested $100 million into robotics-focused venture studio Rewired. The company invests in AI ventures, supporting companies such as Open Bionics, Aromyx and Seldon, which focus on prosthetics, sense digitization and machine learning, respectively. Kohli commented that current estimates for growth in AI markets are too low, and outlined his reasoning for thinking so:
"Conventional wisdom is too cautious. I predict that the global AI sector will be worth $150 trillion by 2025. My forecast is based on a five-part analysis:
- The Internet today is worth $50 trillion. You can take that and extrapolate it to at least three or four times as many applications as the Internet to get $150 trillion. I don't see how it can be any less because AI has so many different industries and applications;
- Everything that is currently on the Internet can also be manifested through AI in smarter and better and more effective ways. These Internet-linked applications alone are worth hundreds of billions - and AI can be similarly applied across hundreds of other industries;
- The rapid pace of growth of AI in China, with Shenzen now a global hub of AI excellence that will surpass the ever more regulated Silicon Valley in the medium term;
- The global growth in 5G coverage plus ubiquitous smartphone usage removing technological barriers to embracing the AI revolution in a true Internet of Things
- That we are now at a tipping point, after which AI and machine learning will grow exponentially to underpin and benefit every single aspect of human life.
Sam Mowers, Investorideas.com
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