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The AI Eye: Wipro (NYSE: WIT) Recognized as AI Leader in New Forrester Report and LogMeIn (Nasdaq: LOGM) Launches New Services for Bold360 Platform

 

Point Roberts, WA and Vancouver, BC - December 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: Wipro (NYSE: $WIT) Recognized as AI Leader in New Forrester Report and LogMeIn (Nasdaq: $LOGM) Launches New Services for Bold360 Platform

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

Stocks discussed: (NYSE:WIT) (NasdaqGS:LOGM)

Wipro Limited (NYSE:WIT) has been recognized as a leader by global research and advisory firm Forrester Research Inc. in the latter's recently-published report, The Forrester Wave™: AI Consultancies, Q3 2019. Phil Dunmore, Managing Partner and Head of Global Consulting Group, Wipro Limited, commented:

"AI and Intelligent Automation is changing the very fabric of society, business, and governance. It is disrupting processes, creating new business models and delivering exceptional customer experiences. One of the major hurdles in harnessing the power of AI by businesses is the challenge posed by change adoption and scaling AI culture to enterprise level. Using AI led Automation Advisory and Wipro HOLMES™ platform, we help enterprises overcome these challenges by creating outcome-based roadmaps, agile delivery, innovative service models and seamless customer experience. Our customers have spoken on our behalf in this report and we believe that being recognized as a Leader in the Forrester Wave is a testament to our AI and Automation transformation and consulting services capabilities."

LogMeIn, Inc. (NasdaqGS:LOGM) is launching new services for its Bold360 platform, including an AI-powered chatbot, to help transform leading messaging apps. Neil Stotesbury, Customer Service Manager, Netflights, commented:

"Creating great experiences for our customers is really important to us and our business, so we're always looking for better ways to engage. Our goal is to have customers be able to use their preferred channel - whether chat, phone, email or WhatsApp - to complete a booking or seek additional information. Bold360 is helping us meet this through addressing customer queries quickly and smoothly across all digital channels. Additionally, having full visibility into the entire customer conversation regardless of the channel is ideal. It's been great to see how we can scale our digital support without compromising the quality of our interactions with customers."

Global AI in Construction Market to Grow $1.13 Billion from 2019-2023

A report from Technavio finds that the global AI in Construction market will grow $1.13 billion from 2019 to 2023, with a compound annual growth rate (CAGR) exceeding 28 percent in the forecast period. An excerpt from the report snapshot reads:

The increasing demand for data integration and visual analytics is one of the critical reasons that will drive the growth of AI in the construction market. The need for data integration solutions is increasing due to the growth in data proliferation and complexities. Several end-user industries are focusing on exploring and analyzing various types of data by adopting AI-powered video analytics systems. Additionally, they are also focusing on obtaining dynamic data representation by integrating their businesses with business analytics software.

End-user industries such as healthcare, energy, finance, construction, and advertisement sectors extensively rely on AI. As a result, investors are heavily investing in AI start-ups, which in turn, will increase M&A. This growing preference towards making huge investments in AI startups, coupled with the need for data integration and visual analytics will accelerate AI in construction market growth at a CAGR of over 28% during the forecast period.

Sam Mowers, Investorideas.com

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