The AI Eye: IBM (NYSE: $IBM) Partners with Lufthansa Group to Establish AI Studio and Twilio (NYSE: $TWLO) Joins Alliance for Telecommunications Industry Solutions Board
Point Roberts, WA and Vancouver, BC - October 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) Partners with Lufthansa Group to Establish AI Studio and Twilio (NYSE: $TWLO) Joins Alliance for Telecommunications Industry Solutions Board
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NYSE:IBM) (NYSE:TWLO)
IBM (NYSE:IBM) has partnered with Lufthansa Group to establish the Lufthansa AI Studio, a collaboration that leverages AI to help address the airline's business challenges, such as improving customer service. According to the press release, the AI Studio is "simultaneously working on more than ten different solutions for various departments within Lufthansa Group with a focus on applications for sales, customer service and operational areas". Dee Waddell, Global Managing Director, Travel & Transportation, IBM, explained:
"As airlines look to optimize operations and enhance customer experiences, we're seeing a continued progression of technology deployment to create solutions that deliver a powerful combination of data and technology. Airlines, like Lufthansa, are applying AI to sift through vast amounts of customer data to solve problems and more quickly respond to their passengers' needs. Through the IBM Garage, a unique co-creation experience, IBM experts and Lufthansa employees are working together to develop AI solutions that can rapidly move from a new idea to adoption across the airline, putting data driven insights at the fingertips of employees to help better serve customers. The Lufthansa AI Studio demonstrates the airline's continued commitment to driving innovation and creating exceptional customer experiences."
Twilio Inc. (NYSE:TWLO) has joined the Alliance for Telecommunications Industry Solutions (ATIS) board of directors, where it will help drive the development of technology solutions such as mitigating unwanted robocalls. ATIS comprises over 150 companies in the information and communications tech space and addresses subjects including IoT, 5G, smart cities, artificial intelligence, unwanted robocalls, and cybersecurity. Christer Fahlgren, lead telephony software architect, Voice and Video Business Unit, Twilio, commented on ATIS' SHAKEN/STIR solution:
"ATIS epitomizes the type of industry partnership and coordination needed to establish trusted communications amidst the incredibly rapid pace of innovation of new technologies impacting user information and data on their electronic devices. The SHAKEN protocol is a crucial element for empowering users to decide which calls to accept or decline and give them more control of what happens on their phones. We look forward to working with ATIS members to further contribute to the SHAKEN/STIR specification to help stop unwanted robocalls once and for all."
Edge AI Market to See CAGR of 20.3% from 2019-2024
A report from Research and Markets finds that the Edge AI market will exhibit a compound annual growth rate (CAGR) 20.3 percent in the forecast period 2019 to 2024. An excerpt from the report description outlines key trends observed in the market:
- Governmental bodies across the world, are embracing advanced technologies to address the important aspect of ensuring the security and safety of citizens. Surveillance serves to be a key factor in the process. Some of the major devices for edge AI hardware used by government agencies for the purpose includes surveillance cameras and drones.
- With the ever-increasing population, environmental damage, and criminal activities, cities are facing new challenges each day, and this has resulted in the need for surveillance cameras. These are very much required for the prevention of incidents such as crime, burglary, and vandalism. Besides, governments also use surveillance cameras for enforcement of the law by analyzing the behavior, face recognition.
- China is at the forefront of installing AI-based surveillance cameras to scan public places to track anomalies in behavior and criminal identification. A recent journal published in the New York Times revealed that the Chinese government had installed around 200 million surveillance cameras across the country in 2018 and is planning to install another 426 million by 2020. The country aims to spot crimes and accidents easily by integrating private and public cameras, to build a nation-wide surveillance network.
Sam Mowers, Investorideas.com
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