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The AI Eye: Cisco (NasdaqGS: CSCO) Partners with Oxbotica for Autonomous Vehicle Solutions, IBM (NYSE: IBM) Announces Strategic Alliance with C3.ai for AI Digital Transformation

 

Point Roberts, WA and Vancouver, BC - February 28, 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) Partners with Oxbotica for Autonomous Vehicle Solutions, IBM (NYSE: IBM) Announces Strategic Alliance with C3.ai for AI Digital Transformation

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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:IBM) (NYSE:ACN)

Autonomous vehicle software firm Oxbotica and Cisco Systems, Inc. (NasdaqGS:CSCO) have partnered to solve the large data transfer challenge for autonomous vehicle fleets. They plan to do this through the OpenRoaming platform, a "a Cisco-initiated federation of providers utilising standards-based wireless technology." Ozgur Tohumcu, CEO at Oxbotica, said:

"As part of our Universal Autonomy vision, our pioneering software already reduces the amount of data sharing that is required, allowing vehicles to operate wherever they are, with or without network connection. In fact, our software has been designed to operate not dependent on any infrastructure, so it can understand the vehicle's environment in infinite detail. However, we fully recognise that in an autonomous world, fleets will need to upload and download vast amounts of data and the partnership with Cisco offers us the chance to solve one of the greatest data challenges of the future, already today."

IBM (NYSE:IBM) has announced a global strategic alliance with leading enterprise AI software provider C3.ai for digital transformation with AI. This will involve the joint development, marketing, selling and deployment of AI applications supported by the C3 AI Suite and IBM Services. Jesus Mantas, Managing Partner, IBM Global Business Services, explained:

"Businesses need to move beyond experimenting with limited-impact AI applications, constrained by quality and availability of data, and implement industrial strength, scaled deployments of mission critical AI applications that deliver impact at scale in months, not years. The combination of C3.ai, IBM Services, and IBM Watson can help businesses rapidly embed AI into their critical workflows, enabling our clients to move to the future at pace."

Accenture (NYSE:ACN) has completed the acquisition of Mudano, a "strategic data consultancy to U.K. financial services firms," which leverages machine learning and AI research. The Mudano team will join Accenture's Applied Intelligence, described as the latter's "approach to scaling AI for our clients." An excerpt from the press release provides an outline of Applied Intelligence:

We embed AI-powered data, analytics and automation capabilities into business workflows to accelerate time to value. Our expertise in defining end-to-end strategy, combined with deep data infrastructure capabilities, cognitive services and industrialized accelerators help smooth clients' path to AI adoption, extending human capabilities and supporting clients in scaling AI responsibly. Recognized as a leader by industry analysts, we collaborate with a powerful global alliance, innovation and delivery network to help clients deploy and scale AI within any market and industry.

Global AI Cybersecurity Market to Reach $38.2 Billion by 2026

Research published from ReportsnReports finds that the global AI in Cybersecurity market will grow from $8.8 billion in 2019 to $38.2 billion by 2026 with a compound annual growth rate (CAGR) of 23.3 percent. An excerpt from the report description outlines the market drivers:

Major drivers for the market's growth are growing adoption of IoT and increasing number of connected devices, rising instances of cyber threat, growing concerns of data protection, and increasing vulnerability of Wi-Fi networks to security threats. Furthermore, underlying opportunities for the AI in cybersecurity market include growing need for cloud-based security solutions among SMEs and increased use of social media for business functions. Major restraints for the market are the inability of AI to stop zero-day and advanced threats, and rise in insider cyber threats. Limited number of cybersecurity and AI professionals, and lack of interoperability with existing information systems pose major challenges to the AI in cybersecurity market.

Sam Mowers, Investorideas.com

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