The AI Eye: Keysight (NYSE: $KEYS) Validates AI and Analytics Approach in Nokia (NYSE: $NOK) 5G
Wipro (NYSE: $WIT) Named ‘Leader and Star Performer’ in Everest Group Report
Point Roberts, WA and Vancouver, BC - March 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: Keysight (NYSE: $KEYS) Validates AI and Analytics Approach in Nokia (NYSE: $NOK) 5G and Wipro (NYSE: $WIT) Named 'Leader and Star Performer' in Everest Group Report
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NYSE:KEYS) (NYSE:NOK) (NYSE:WIT)
Keysight Technologies, Inc. (NYSE:KEYS) has validated an AI and advanced data analytics software approach in Nokia's (NYSE:NOK) 5G base station manufacturing processes. According to the press release, "Keysight combined expertise in automated test and cloud-computing with machine learning (ML) applied to Nokia's historical manufacturing data to demonstrate significant reductions in test time," leading Nokia to "implement Keysight's advanced AI software into [its] 5G manufacturing processes." Giampaolo Tardioli, vice president and general manager of Keysight's network access group, explained:
"Keysight's extended 5G collaboration with Nokia, initiated more than three years ago, signals an inflection point in the commercialization of the next generation of mobile communications. By combining leading hardware and advanced software solutions, Keysight is well-positioned to help wireless manufacturers such as Nokia capture the full potential of 5G."
Wipro Limited (NYSE:WIT) has been recognized as a 'Leader and Star Performer' in the Everest Group PEAK Matrix for Verification and Validation (V&V) Engineering Service Providers 2020 report. Akshat Vaid, Vice President, Everest Group, commented:
"Wipro has been positioned as a Leader in the Verification and Validation (V&V) space on the back of significant investments in dedicated V&V infrastructure, including the Tarang labs. The company's development of solution accelerators and frameworks involving themes such as Artificial Intelligence (AI), Machine Learning (ML), and analytics to provide predictive analysis of test data and enhance V&V service delivery has also helped create meaningful differentiation in the market. Customers have acknowledged Wipro's V&V engineers' technical skills, and they appreciate the value of Wipro's engineers' expertise in test automation."
Global Citizen Services AI to Reach $20.79 Billion by 2026
A report from Data Bridge Market Research finds that the global Citizen Services AI market will grow to $20.79 billion by 2026. Citizen Services AI refers to the implementation of artificial intelligence in government public services.
Market drivers indicated in the report include:
- Increased demand and adoption of IT technologies with increased focus on AI analysis services; this factor is expected to drive the growth of the market
- Increased levels of demand for automated services and development & modernization of IT technologies from the various applicable end-users; this factor is expected to drive the growth of the market
Market restraints, on the other hand, are identified as:
- Lack of proper awareness and resistance in adoption of new technologies from the governments of various regions; this factor is expected to act as a restraint to the market growth
- Lack of skilled professionals and availability of infrastructure for the implementation and usage of AI technology from the different regions of the world; this factor is expected to act as a restraint to the growth of the market
Sam Mowers, Investorideas.com
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