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The AI Eye: Accenture (NYSE: $ACN) Acquires Byte Prophecy and IBM (NYSE: $IBM) Collaborating with GreyCampus for AI Certificate Programs

 

Point Roberts, WA and Vancouver, BC - May 18, 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: Accenture (NYSE: $ACN) Acquires Byte Prophecy and IBM) (NYSE: $IBM) Collaborating with GreyCampus for AI Certificate Programs

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

Stocks discussed: (NYSE:ACN) (NYSE:IBM)

Accenture (NYSE:ACN) has acquired Indian automated insights and big data analytics company Byte Prophecy to "meet the growing demand for enterprise-scale AI and digital analytics solutions across the region." This adds almost 50 data science and data engineering experts to Accenture Applied Intelligence. Athina Kanioura, Accenture's chief analytics officer and global lead for Applied Intelligence, said:

"Our team has already been working with Byte Prophecy over the past two years, and together we've helped clients build the strong data foundations that are the cornerstone for successful AI adoption. Officially making Byte Prophecy's people and capabilities part of Accenture is a testament to the shared vision of shared success we've seen in our joint efforts."

GreyCampus, an online training provider, has announced a collaboration with IBM (NYSE:IBM) to launch Certificate Programs in Data Science and Artificial Intelligence. According to the press release, the programs will bring together IBM's advanced online labs and course content with streamlined training delivery and expert instructors from GreyCampus. Vijay Pasupulati, CEO and Co-founder of GreyCampus, commented:

"We are delighted to launch comprehensive career-aligned programs in collaboration with IBM. We are confident that our programs will enable our students to launch or grow their career in data science and AI. We believe such programs will significantly upskill our students and propel their careers forward."

Global Patent Analytics Market – Driven by AI, ML – to Reach $1.668 Billion by 2027

A report from Fortune Business Insights finds that the global Patent Analytics market is expected to grow from $657.9 million in 2019 to $1.668 billion by 2027 with a compound annual growth rate (CAGR) of 12.4 percent in the forecast period. According to the report, the deployment of technologies such as AI, machine learning and neural networks are significantly driving the market. An excerpt outlines the role of machine learning:

Machine Learning is based on Bayesian analysis, predictive analytics, and data mining. Machine learning applications and algorithms are useful to solve complex, constraint-based business problems. These technologies perform a variety of tasks for streamlining the patent analysis process by classification, special concept maps, and clustering of large data. The ability of ML algorithms to find patterns in large-scale data sets, fuel its popularity in the market. The ML algorithms are widely used for prediction and data analysis. Thereby, the integration of machine learning technologies with the platform will subsequently augment market growth.

Sam Mowers, Investorideas.com

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