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The AI Eye: Spanish Utility Leader Naturgy Announces Agreement with IBM (NYSE: $IBM) for Hybrid Cloud and HPE (NYSE: $HPE) Announces Primera for Mission-Critical Storage

 

Point Roberts, WA and Vancouver, BC - June 20, 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: Spanish Utility Leader Naturgy Announces Agreement with IBM (NYSE: $IBM) for Hybrid Cloud and HPE (NYSE: $HPE) Announces Primera for Mission-Critical Storage

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

Stocks discussed: (NYSE:IBM) (MCE:NTGY) (NYSE:HPE)

Spain's leading natural gas and electrical utilities company Naturgy (MCE:NTGY) has announced a ten-year agreement with IBM (NYSE:IBM) to implement a hybrid cloud strategy. According to the press release, "Naturgy will host its core grids' data on an on-premises private cloud with the added flexibility to rapidly integrate it with a public cloud to create new AI applications that can help the company to monitor its grid". Juan Zufiria, IBM Senior Vice President for Global Technology Services, said:

"Consumers are demanding new types of services and access to more ways of engaging with their utility companies. Industry leaders like Naturgy have set the strategic direction for this industry overall by embracing advanced technologies like hybrid cloud and AI that can help enable them adapt to new energy consumption models. We are excited to collaborate with Naturgy to help enable them to move forward on their hybrid cloud journey and support their digital transformation."

Hewlett Packard Enterprises (NYSE:HPE) has announced HPE Primera, which leverages AI from HPE InfoSight to deliver mission-critical storage. HPE Primera boasts 93 percent less time spent on managing storage, the ability to predict and prevent issues, and accelerate application performance. It also advance the HPE Intelligent Data Platform, which "helps customers transition from delivering storage to unlocking business value with intelligent data". Milan Shetti, SVP and General Manager, HPE Storage, commented:

"Intelligence changes everything. Today's organizations need a fundamentally new approach to infrastructure operations with an intelligent data strategy. HPE Primera leverages HPE's unique Intelligent Data Platform to deliver unmatched simplicity, availability, and performance for mission-critical applications, so businesses can focus on harnessing data to drive their business forward."

UAE Leads Middle East Region with Expected Annual Growth of AI Contribution to the Economy at 33.5%

According to local outlet the Khaleej Times, Dubai ranks number one in the world for FDI (foreign direct investment) in AI and robotics, while the United Arab Emirates (UAE) ranks sixth worldwide on the global Smart Service index. Dubai attracted $21.6 billion USD in FDI for high-end technology transfers from 2015 to 2018. The UAE leads the region with expected annual growth of AI contribution to the economy at 33.5 percent. Dawood Al Shezawi, CEO of Annual Investment Organising Committee, said:

"Digital growth is significant to the growth of the economy. In the UAE, it is in line with UAE Vision 2021, which aims to position the country as a top spot for tech investments."

"Disruptive technologies like AI, blockchain, internet of things (IoT) boost the productive capacity of countries and also the global GDP. To maximise its benefits, countries need to integrate new avenues that will drive more investments in these solutions."

Sam Mowers, Investorideas.com


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