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The AI Eye: IBM (NYSE: $IBM) Plans Multi-Zone Cloud Region in Latin America and NICE in (NASDAQ: $NICE) Contact Makes New Partnerships in Australia

 

Point Roberts, WA and Vancouver, BC - August 28, 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: IBM (NYSE: $IBM) Plans Multi-Zone Cloud Region in Latin America and NICE in (NASDAQ: $NICE) Contact Makes New Partnerships in Australia

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

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

IBM (NYSE:IBM) has announced plans to launch a new IBM Cloud multi-zone region (MZR) in Latin America by late 2020 as part of an expansion to its global cloud footprint. The MZR will be based in São Paulo, Brazil and will provide clients with IBM public cloud services, from enterprise-grade infrastructure to AI services. Tonny Martins, General Manager, IBM Brazil, said:

"Our continued cloud investment reflects that clients are increasingly seeking hybrid cloud environments that offer access to cutting edge tools including AI, analytics, IoT and blockchain to boost competitiveness. As companies in Brazil look to gain greater control of their data in the face of upcoming tighter compliance and protection regulations, IBM offers the cloud capabilities that allow them to innovate and take advantage of data from all sources across any hybrid multi-cloud environment."

NICE inContact, a subsidiary of NICE Ltd. (NasdaqGS:NICE), has announced new partnerships in Australia that will bring the company's cloud customer experience platform, CXone, to contact centres throughout the region. According to the press release, CXone leverages Omnichannel Routing, Analytics, Workforce Optimization, Automation and Artificial Intelligence technologies. The new partners include Converged Communication Network Applications Pty Ltd (CCNA) and Byte. Paul Jarman, NICE inContact CEO, explained:

"To meet the needs of our customers in all global markets, we continue to add new partners that are located across the world and who understand the unique requirements of customers in specific countries. We are pleased to announce new partnerships in Australia and New Zealand, including CCNA and Byte. NICE inContact CXone helps organizations of all sizes in all industries achieve their business goals with a unified, intelligent and complete cloud customer experience platform."

Global AI in Cyber Security Market to Reach $30.9 Billion by 2025

A report from Zion Market Research finds that the global AI in Cyber Security market will grow from $7.1 billion in 2018 to $30.9 billion in 2025 with a compound annual growth rate (CAGR) of 23.4 percent in the forecast period 2019-2025. An excerpt from the report analysis reads:

The globally increasing IoT adoption and the number of connected devices have simultaneously increased the risk of cyberattacks. The rising number of cybercrimes is propelling the artificial intelligence (AI) in cyber security market. Some common cyber frauds faced by large enterprises are identity and payment card thefts, these cybercrimes when not resolved on time can lead to huge monetary losses. Cybersecurity providers are significantly using AI solutions for tackling such cyberattacks by early threat detection, response time reduction, and segregation as per priority. AI solutions not only provide wider security as compared to human potential but also simplify complete recognition and acknowledgment procedures related to cyber frauds. Thereby, the escalating cybersecurity risk incidences are prominently driving the artificial intelligence (AI) in cyber security market globally. However, the lack of technical expertise for AI application implementation may hinder the artificial intelligence (AI) in cyber security market growth to some extent. Furthermore, the emerging demand for cloud-based security solutions among various small- to medium-sized enterprises is anticipated to create lucrative market opportunities.

Sam Mowers, Investorideas.com

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