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The AI Eye: Colt Technology Services Upgrades Relationship with NICE (Nasdaq:NICE) Satmetrix and Nuance (Nasdaq:NUAN) Automotive Receives Prestigious Supplier Award

 

Point Roberts, WA and Vancouver, BC - July 12, 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: Colt Technology Services Upgrades Relationship with NICE (Nasdaq:NICE) Satmetrix and Nuance (Nasdaq:NUAN) Automotive Receives Prestigious Supplier Award

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

Stocks discussed: (NasdaqGS:NICE) (NasdaqGS:NUAN)

NICE Ltd. (NasdaqGS:NICE) has announced that high-bandwidth connectivity solution provider Colt Technology Services has upgraded its relationship with the former's subsidiary, NICE Satmetrix. According to the press release, NICE Satmetrix provides "customer feedback management software that brings together direct and indirect customer feedback to reveal a comprehensive picture of the customer's experience throughout the lifecycle". Noah Roychowdhury, Director of Customer Intelligence at Colt Technology Services, commented:

"Colt Technology Services has built our reputation around putting our customers first, which is exactly what we are able to do through the use of NICE Satmetrix. Automated text analytics saves our analysis team time and effort while getting the most insight into the feedback our customers have provided. It is easy to sort comments by relevancy and allows us to weigh data in a variety of ways. These tools provide an innovative, full-service solution that brings benefits to our employees and ultimately, our customers."

Nuance Communications, Inc. (NasdaqGS:NUAN) has received the Bosch Global Supplier Award in the Mobility Solutions Software category for the former's Automotive division. The award recognizes Nuance Automotive - which leverages advanced conversational AI and mobility solutions - for its performance as a supplier of automotive assistant technology to Bosch. Andreas Reutter, head of supply chain management at Robert Bosch GmbH, said:

"With the Bosch Global Supplier Award, we pay tribute to our best suppliers around the world. The award winners have achieved outstanding levels of excellence and work with us in an exceptional spirit of partnership. From technological expertise to logistical quality and entrepreneurial potential - our award winners have it all."

China’s AI Market to Hit 71 Billion Yuan in 2020

Citing data from the Internet Society of China, the Asia Times reports that China's AI market is projected to hit 71 billion yuan ($10.3 billion USD) in 2020. The report pulls from an array of sources to illustrate the various ways the Chinese AI market is expanding. The following excerpts outline the breadth of China's AI market:

The global market share of China's AI industry expanded to 12.56% in 2018 from 9.41% in 2017.

As of the end of 2018, China had 3,341 AI enterprises, accounting for more than one-fifth of the world's total 15,916 AI firms.

...China remains the world's largest buyer of industrial robots for the sixth straight year in 2018, despite a dip in purchases from the previous year, Caixin reported.

The country bought 135,000 robots used across industries such as electronics and automobiles, down 3.8% from 2017, according to a report released by the China Robot Industry Alliance.

Sam Mowers, Investorideas.com


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