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AI Eye Episode 374: Wipro (NYSE: $WIT) Awarded Digital Transformation Engagement with E.ON and HPE (NYSE: $HPE) Unveils Ezmeral Software Portfolio

 

Point Roberts, WA and Vancouver, BC - June 23, 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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AI Eye Episode 374: Wipro (NYSE: $WIT) Awarded Digital Transformation Engagement with E.ON and HPE (NYSE: $HPE) Unveils Ezmeral Software Portfolio

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

Stocks discussed: (NYSE:WIT) (OTC:EONGY) (NYSE:HPE)

Wipro Limited (NYSE:WIT) has been awarded a strategic, multi-year infrastructure modernization and digital transformation services engagement by Germany-based energy company E.ON (OTC:EONGY). According to the press release, this partnership will see Wipro "transform E.ON's legacy data centre operations to hybrid cloud model by leveraging its BoundaryLess Enterprise (BLE) framework and Wipro HOLMES™, Artificial Intelligence (AI) and automation platform." N.S. Bala, President and Global Head, Energy, Natural Resources, Utilities & Construction, Wipro Limited, commented:

"We are delighted to be selected as E.ON's strategic transformation partner and look forward to supporting them on their digital journey. Our hybrid cloud hosting strategy powered by AI will provide an impetus to E.ON's business vision of consistently delivering technologically advanced, customer-centric energy solutions.

In a fast changing world of prosumers and energy convergence, operational agility for better efficiency and effectiveness has become a strategic need for organisations. Wipro's deep expertise in the energy value chain, capabilities in new and emerging technologies backed by extensive global experience in working with some of the biggest utilities, positions us well to deliver this high value engagement for E.ON."

Hewlett Packard Enterprise Company (NYSE:HPE) has unveiled HPE Ezmeral, a software portfolio aimed at helping enterprises to accelerate digital transformation across their organization, from edge to cloud. The Ezmeral portfolio comprises "container orchestration and management, AI/ML and data analytics, cost control, IT automation and AI-driven operations, and security." Dr. Abdulla Al Kendi, Acting Executive Director of Technology and Policies, Abu Dhabi Digital Authority, commented:

"The effective use of data is a cornerstone for any government to unlock its full potential. For this reason, Abu Dhabi Digital Authority (ADDA) has formed a strong partnership with HPE on a number of digitization and advanced data initiatives. The recent COVID-19 crisis has ushered in a new chapter to our collaboration with HPE. Using HPE Ezmeral ML Ops, ADDA is deploying leading-edge data science and AI/ML instrumentation to develop intelligent policies aimed at recovery and containment, preparedness and disease management and economic growth and revitalization. We're pleased with the performance of the HPE Ezmeral ML Ops software so far and are very supportive of the steps HPE is taking to deliver MLOps software through HPE GreenLake."

Global General-Purpose AI Market to Reach $3.83 Billion by 2025

A report published by Research and Markets finds that the global general-purpose AI market will reach $3.83 billion by 2025 for enterprise apps and solutions. The following excerpt from the report description defines the market:

Also known as Artificial General Intelligence (AGI), General Purpose Artificial Intelligence represents silicon-based Artificial Intelligence (AI) that mimics human-like cognition to perform a wide variety of tasks that span beyond mere number crunching. Whereas most current AI solutions are limited in terms of the type and variety of problems that may be solved, AGI may be employed to solve many different problems including machine translation, natural language processing, logical reasoning, knowledge representation, social intelligence, and numerous others.

Other highlighted findings from the report include the projection that "embedded AI in building infrastructure and equipment will reach $16.7B globally by 2025," "the global market for general-purpose AI support of big data and prescriptive analytics will reach $1.18B," and that "the productivity gain potential for business use of AI represents approximately $1.8T in economic value by 2027."

Sam Mowers, Investorideas.com

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