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The AI Eye: IBM (NYSE: $IBM) Collaborating with Anaconda for Enterprise AI Open-Source Adoption and Nuance (NasdaqGS: $NUAN) Enhances AI-Enabled Detection Capabilities

 

Point Roberts, WA and Vancouver, BC - June 5, 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: IBM (NYSE: $IBM) Collaborating with Anaconda for Enterprise AI Open-Source Adoption and Nuance (NasdaqGS: $NUAN) Enhances AI-Enabled Detection Capabilities

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

Stocks discussed: (NYSE:IBM) (NasdaqGS:NUAN)

IBM (NYSE:IBM) announced a new collaboration with Python data science platform-provider Anaconda, Inc. to simplify enterprise adoption of AI open-source technologies. According to the press release, "the collaboration includes an original equipment manufacturing (OEM) agreement to market the Anaconda Team Edition solution with IBM Watson Studio as part of IBM Cloud Pak for Data, an automated AI lifecycle platform that is designed to make it easy for businesses to build and operationalize AI." Daniel Hernandez, General Manager, Data and AI, IBM, said:

"AI for business is only as good as the ecosystem it supports, so it's a natural fit for Watson to work with Anaconda, the industry leader in open-source data science and their community of 20 million users. By bringing the power of Anaconda to Watson, enterprises can now tap into a repository of open-source tools that they can manage in any cloud environment."

Nuance Communications, Inc. (NasdaqGS:NUAN) has announced enhancements to its AI-enabled intelligent detection capabilities in its Nuance Gatekeeper biometrics solution. These enhancements prioritize and protect seniors by using the sound of their voice, enabling enterprises to detect whether a caller is a senior and then to prioritize their call. Brett Beranek, General Manager, Security Business, Nuance, said:

"Our advanced intelligent detection algorithms can detect unique characteristics that are common in a broad age group to enable more effective and efficient customer protection and service. We've enhanced this capability and are rolling it out to our entire customer base immediately to help them leverage the power of AI to support their most vulnerable consumers during the pandemic and well into the future."

Global AI in Support of IIoT Smart Objects to Surpass $6 Billion by 2025

A report published by Research and Markets finds that Embedded AI in support of Industrial IoT smart objects will exceed $6 billion globally by 2025. The report, titled: Artificial Intelligence, Industrial IoT, and Smart Machines in Enterprise and Industrial Automation 2020 - 2025, also finds that "hybrid voice and text chatbots market will reach $541M USD globally by 2025," and that "AI in industrial machines will exceed $547M globally by 2025 with collaborative robot growth at 42.5% CAGR." An excerpt from the report description reads:

Smart machines collectively represent intelligent devices, machinery, equipment, and embedded automation software that perform repetitive tasks and solve complex problems autonomously. Along with Artificial Intelligence, IoT connectivity, and M2M communications, smart machines are a key component of smart systems, which include many emerging technologies such as smart dust, neurocomputing, and advanced robotics. The drivers for enterprise and industrial adoption of smart machines include improvements in the smart workplace, smart data discovery, cognitive automation, and more.

Sam Mowers, Investorideas.com

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