The AI Eye: IBM (NYSE: $IBM) Launching GRIT for Veterans and Wipro (NYSE: $WIT) Expands Partnership with Google Cloud
Point Roberts, WA and Vancouver, BC - August 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: IBM (NYSE: $IBM) Launching GRIT for Veterans and Wipro (NYSE: $WIT) Expands Partnership with Google Cloud
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NYSE:IBM) (NYSE:WIT)
IBM (NYSE:IBM) is launching a digital solution in partnership with the Department of Veterans Affairs (VA) and Total Brain for veterans called GRIT. GRIT creates a digital profile of an individual using AI to then provide them with tools to help monitor their mental health, build emotional and cognitive capacities and resilience, find the right jobs and housing opportunities, and enhance their social connections for support. Kathleen Urbine, partner, emerging technology and mobile lead, IBM Services, said:
"This is a historic public-private partnership with the VA - one that helps veterans bridge the gap when they are transitioning out of service and at their most vulnerable. Our partnership with Total Brain has been crucial in supporting the mental health and fitness aspect of this tool and we look forward to continuing this important work."
Wipro Limited (NYSE:WIT) is expanding its strategic partnership with Google Cloud to accelerate cloud adoption and digital transformation for global enterprises. According to the press release, Wipro has a dedicated practice focused on Google Cloud Platform (GCP), which "powers business and technology transformation for enterprises and helps them win in an 'experience economy' through differentiated offerings around application modernization, data, analytics, artificial intelligence, SAP workload migration, and industrialized cloud migration at scale". Ramesh Nagarajan, Senior Vice President & Head - Cloud Services, Wipro Limited, explained:
"Wipro's comprehensive portfolio of offerings on Google Cloud is futuristic and innovation-focused. We equip our customers with the right tools to operate on a modern IT infrastructure, adopt a 'business-first' approach and be future-ready. In collaboration with Google, we aim to enable our customers to migrate faster, enhance their digital experiences and optimize business outcomes."
Global AI in Aviation Market to Reach $22.09 Billion by 2025
A report from Data Bridge Market Research finds that the global AI in Aviation market will grow from $110.4 million in 2017 to $22.09 billion by 2025 with a compound annual growth rate (CAGR) of 45.4 percent in the forecast period 2018-2025. An excerpt from the report description reads:
Artificial intelligence has various advantages in [the] aviation industry, such as visual perception, speech recognition, decision-making and translation between languages for communication. It also includes advanced techniques of artificial intelligence which are used in reasoning, planning, learning, statistical analysis and computation.
Sam Mowers, Investorideas.com
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