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The AI Eye: Coca-Cola (NYSE: KO) Makes 5-Year Agreement with Microsoft (NasdaqGS: MSFT)

 

Point Roberts, WA and Vancouver, BC - May 1, 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: Coca-Cola: (NYSE: $KO) Makes 5-Year Agreement with Microsoft (NasdaqGS: $MSFT)

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

Stocks discussed: (NYSE:KO) (NasdaqGS:MSFT) (TSXV:MCLD)

Coca-Cola (NYSE:KO) has announced a five-year agreement with Microsoft (NasdaqGS:MSFT), wherein it will leverage the latter's Azure, Microsoft 365 and Dynamics 365 capabilities - including AI-driven insights - to standardize its business operations and enhance engagements and experiences. Judson Althoff, executive vice president, Worldwide Commercial Business, Microsoft, commented:

"Coca-Cola is a pioneer and forward-thinking leader in its industry. Today, the company is taking its digital innovation a step further, leveraging Dynamics 365, Microsoft 365 and Azure to better connect people and opportunities through breakthrough productivity and powerful information management that will drive continued business success over the next decade."

mCloud Technologies Corp. (TSXV:MCLD) has grown its total count of connected assets to 48,672, making for an approximate 18 percent increase in assets under management quarter-over-quarter since Q4 2019. In the same press release, mCloud announced a collaboration "with industry leaders and medical experts to launch an extension to its AssetCare for Connected Buildings solution segment, using IoT and AI to help restaurant owners and retail businesses return to work quickly and safely as governments and health officials globally respond to the current COVID-19 pandemic." mCloud President Barry Po said:

"We now want to use our AI and IoT capabilities to help retail and restaurant owners get back to work as quickly as possible, helping them ensure they comply with their local guidelines and assure their customers that their establishments are safe to be in when they are permitted to open their businesses again. This AssetCare package is a great example of how IoT and AI can be used to make businesses resilient to the unexpected."

Global Intelligent Virtual Assistant Market to Reach $45.1 Billion by 2027

A report published by Research and Markets finds that the global Intelligent Virtual Assistant market is projected to reach $45.1 billion by 2027, with a compound annual growth rate (CAGR) of 34 percent in the forecast period 2020-2027. An excerpt from the report's description reads:

IVAs [Intelligent Virtual Assistants] assist in simplifying human efforts [to] make processes efficient, which is highly beneficial for all organizations. IVA implementation has resulted in achieving productivity, work quality, and has reduced the risk in scaling operations. Thus, there has been an increased adoption of the device[s] across several applications, including retail, BFSI, healthcare, automotive, consumer electronics, IT and Telecom, education, and travel and hospitality. IVA providers are engaged in executing organic and inorganic growth strategies such as new product launches, expansion, collaborations, and partnerships.

Sam Mowers, Investorideas.com

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