The AI Eye: Germany's Bundesliga Selects AWS (Nasdaq: AMZN) for Tech and IBM (NYSE: IBM) Announces Developments for Sterling Supply Chain Platform
Point Roberts, WA and Vancouver, BC - January 13, 2020 (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: Germany's Bundesliga Selects AWS (Nasdaq: $AMZN) for Tech and IBM (NYSE: $IBM) Announces Developments for Sterling Supply Chain Platform
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NasdaqGS:AMZN) (NYSE:IBM) (NasdaqGS:MSFT)
Germany's premier football (soccer) league, Bundesliga, has selected Amazon (NasdaqGS:AMZN) subsidiary AWS (Amazon Web Services) as its official technology provider. According to the press release, Bundesliga will leverage "AWS artificial intelligence (AI), machine learning (ML), analytics, compute, database, and storage services to deliver real-time statistics to predict future plays and game outcomes, and recommend personalized match footage across mobile, online, streaming, and television broadcasts." Andy Isherwood, Vice President and Managing Director EMEA, Amazon Web Services, Inc., commented:
"As the league with the highest average number of goals per game, and the highest stadium attendance globally, the Bundesliga is one of the most entertaining sports leagues in the world. We are thrilled to work with the Bundesliga and help them use cloud technology to give football fans around the world a more engaging match day experience and look forward to helping them leverage our deep portfolio of ML and AI services so they can deliver even greater insight into the world's favourite game."
IBM (NYSE:IBM) announced that "enhanced solution capabilities are being developed in collaboration with other providers for the IBM Sterling Supply Chain platform", today at the National Retail Federation's 2020 Big Show. Jeanette Barlow, VP, Offering Management and Strategy, IBM Sterling, explained:
"The retail industry is poised for a renaissance as companies move away from siloed and legacy applications towards scalable, enterprise-tuned platforms that can holistically address customer-facing and supply chain operations challenges. This shift is likely compounding the industry's need to quickly innovate across traditional functional domains and deliver new capabilities that span operations and even third party supply chain partners. To create the seamless and personalized experience customers expect and provide a true first-mover advantage, companies should modernize supply chains on top of open platforms that can harness technologies such as AI, blockchain, IoT, and hybrid cloud. Our relationships in this space can help our clients to make this shift more quickly."
Microsoft Asia and IDC Asia/Pacific Find AI Adoption in Retail Brings Improvements in SE Asia
Research from Microsoft Asia (NasdaqGS:MSFT) and IDC Asia/Pacific finds that "retail organizations that have adopted AI are already seeing improvements of 16 to 19 percent in customer engagement, business intelligence, profit margins, competitiveness and innovation," and that "by 2021, retail organizations in the region expect AI to drive a further improvement of between 37 to 44 percent in these areas." Raj Raguneethan, Regional Business Lead, Retail and Consumer Goods, Microsoft Asia, said:
"Upended by a US$1.5 trillion e-commerce market, retailers in the region must quickly adapt to savvy, connected consumers that generate a trail of digital and omnichannel footprints that can be analyzed. These footprints are generated from consumers combining channels like mobile, app, in-store and desktop throughout the purchasing process.
To stay competitive, a shift to intelligent retail is required to add ease, convenience, customization and automation -- across business processes and operations, customer experiences, and the very products and services offered. This can be done by turning to cloud and AI tools as the underlying, connective tissue for digitization and business transformation."
Sam Mowers, Investorideas.com
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