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The AI Eye: Wipro (NYSE: WIT) Promax Named "Best-in-Class" in New Report and NICE (Nasdaq: NICE) Robotic Process Automation Leveraged by Telecom Giant

 

Point Roberts, WA and Vancouver, BC - December 13, 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) Promax Named "Best-in-Class" in New Report and NICE (Nasdaq: NICE) Robotic Process Automation Leveraged by Telecom Giant

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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:NICE)

Wipro Limited (NYSE:WIT) has announced that its Wipro Promax Analytics Solutions suite has achieved the best-in-class distinction for Trade Promotion capabilities in Promotion Optimization Institute’s recently published “POI TPx Vendor Panorama 2019” report. Srini Pallia, President, Consumer Business Unit, Wipro Limited, commented:

"We are honored with this recognition. Wipro realizes its customers’ focus on improving the ROI of their trade spend and provides innovative solutions. Our Wipro Promax offering leverages latest innovations in AI and ML technologies to deliver actionable insights and equip customers with predictive planning capabilities through an intuitive user experience. Wipro’s recently launched Auto Claims solution built on Wipro HOLMES™ AI and automation platform complements Wipro Promax and third party TPM offerings. It helps customers gain greater accuracy, speed and reduced administration cost for processing claims. We are confident that our continued investments in Wipro Promax will drive superior end-user experience, operational efficiency and profitability for our customers."

NICE Ltd. (NasdaqGS:NICE) has revealed that a leading multinational telecommunications corporation in India has introduced the former’s AI-based Robotic Process Automation (RPA) “to optimize both front- and back-office workflows for increased productivity and customer satisfaction”. Darren Rushworth, President of APAC at NICE, said:

"We are pleased to have begun this relationship in India, assisting more multinational organizations on their customer experience transformation journey. In order to ensure maximum success and expand the RPA solution effectively across the enterprise, we’ve collaborated in setting up a Center of Excellence for employee training, workshops, and the identification of automation opportunities with the optimum ROI potential. Currently on the agenda is the introduction of NEVA (NICE Employee Virtual Attendant), who will free agents from routine, low-value tasks that consume so much of their time each day."

Global AI in Agriculture Market to See 28.38% CAGR from 2019-2024

A report from Research and Markets finds that the global AI in Agriculture market will exhibit a compound annual growth rate (CAGR) of 28.38 percent in the forecast period 2019-2024. An excerpt from the report description reads:

The reported growth in the market is expected to be driven by the increasing need to optimize farm operation planning, growing demand to derive insights from emerging complexities of data-driven farming and rising development of autonomous equipment in agriculture.

Artificial intelligence has emerged to be a strong driving force behind the growth of data-driven farming. Regions and countries where agriculture is the major source of livelihood and sustenance, artificial intelligence technology has led to greater profitability in the farms of those economies. The reduction in expenditure and resultant positive RoI with AI’s integration in farm equipment and operations has even reached above 30% in a few countries. Such favorable advantages associated with the technology have led to extensive investments by all types of stakeholders including government, private investors, corporations, and academic institutions, from across the world.

Sam Mowers, Investorideas.com

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