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The AI Eye: Cisco (NasdaqGS: CSCO) Announces IoT Portfolio Innovations Including Machine Learning and Wipro (NYSE: WIT) Digital Acquires CX Firm Rational Interaction

 

Point Roberts, WA and Vancouver, BC - February 21, 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: Cisco (NasdaqGS: CSCO) Announces IoT Portfolio Innovations Including Machine Learning and Wipro (NYSE: WIT) Digital Acquires CX Firm Rational Interaction

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

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

Cisco Systems, Inc. (NasdaqGS:CSCO) has announced improvements to its IoT portfolio including the introduction of "machine learning capabilities for improved cellular IoT connection management, control, and increased security." An excerpt from the press release explains:

With visibility into 3 billion events every day, Cisco IoT Control Center uses the industry's broadest visibility to enable machine learning models to quickly identify anomalies and address issues before they impact a customer. Service providers can also identify and alert customers of errant devices, allowing for greater endpoint security and control.

The press release features the following comment from Cisco partner Astus:

"Our business is fleet management, which means we need to know where our assets are at all times. The human capital required to manufacture that level of visibility is demanding. But by building the power of machine learning into our connectivity management, Control Center is effectively giving us automatic visibility and the freed resources to be proactive. Instead of crunching data, our staff is free to do the high value work of chasing down security threats or malfunctions that we've been alerted to and resolving them before they do damage."

Wipro Digital, the digital business unit of Wipro Limited (NYSE:WIT), has announced the acquisition of digital customer experience (CX) company Rational Interaction. According to the press release, this will connect "Rational Interaction's ability to map and orchestrate the customer journey with Wipro Digital's ability to design and build experiences at global scale." Nitin Parab, Sr. Vice-President and Global Head, Technology Business Unit, Wipro Limited, said:

"Capturing customer sentiment in real time and using AI to engage with customers in more meaningful ways will drive higher engagement, purchase and loyalty. Rational Interaction and Wipro's combined capability provides an end-to-end solution for clients, who know they have to compete on customer experience."

At press time Wipro stock is up half a percent. This is somewhat at odds with the S&P 500 and Dow, which are both slightly in the red currently.

Global AI in Construction Market to Reach $2.642 Billion by 2026

A report from Research Dive finds that the global AI in Construction market will grow from $408.1 million in 2018 to $2.642 billion by 2026 with a compound annual growth rate (CAGR) of 26.3 percent in the forecast period. An excerpt outlines expected drivers in the market:

The cost efficiency and the availability of advanced artificial intelligence products are expected to drive the AI in construction market. Many large companies hire the experts going over budget and spend a lot of time hiring the professionals for their project team. With the help of artificial neural networks, the professionals calculate the overhead cost, where they predict the total cost of the project based on the historical data with accurate information which saves a lot of money and time for the company. Many companies have implemented the use of robots, drones and many other automated vehicles which gives them the aerial view of the construction site, mapping and surveying, which helps them to automate the construction site which increases the work efficiency of the workforce.

Sam Mowers, Investorideas.com

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