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AI Eye Episode 394: IBM (NYSE: $IBM) and CBRE (NYSE: $CBRE) Expand Relationship with Smart Maintenance Service

Arlo (NYSE: $ARLO) Makes Agreement with Securitas USA for SmartCloud Integration

 

Point Roberts, WA and Vancouver, BC - July 22, 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 394: IBM (NYSE: $IBM) and CBRE (NYSE: $CBRE) Expand Relationship with Smart Maintenance Service

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

Stocks discussed: (NYSE:IBM) (NYSE:CBRE) (NYSE:ARLO) (OTC:SCTBF)

IBM (NYSE:IBM) and commercial real estate services company CBRE Group, Inc. (NYSE:CBRE) are introducing a new offering called Smart Maintenance through an expansion of their relationship. Smart Maintenance is the latest addition to CBRE's existing suite of Converged Data Center Services and is powered by IBM Services, leveraging the latter's "AI, augmented reality technologies and deep analytics to provide vendor-agnostic, predictive and reactive hardware maintenance for CBRE's data center clients' technology assets." Mike Perera, General Manager, Technology Support Services, IBM, said:

"We're pleased to provide multi-vendor services for CBRE with IBM's diverse set of technology capabilities, software knowledge and predictive operational management. IBM Services is committed to innovations in analytics, AI, AR and other technologies to enable organizations to manage the toughest of circumstances, minimize outages and secure their data."

Arlo Technologies, Inc. (NYSE:ARLO) has announced an agreement with Securitas Security Services USA (OTC:SCTBF) for the latter to integrate Arlo SmartCloud into the Securitas USA monitoring platform. According to the press release, this enables Securitas' commercial clients to rely on Arlo SmartCloud AI-enabled security cameras "to bolster its protective guarding services." Tejas Shah, Arlo's SVP product and chief information officer, commented:

"Arlo SmartCloud enables security partner ecosystems with the power of the most advanced computer vision technology and a secure, scalable and fully managed video cloud. Securitas brings extraordinary assets in terms of people, knowledge and technology, as well as its best-in-class integrated guarding capabilities. We are truly excited to be working with them. Through this partnership, Securitas is able to further scale its services, which ultimately delivers peace of mind to customers by keeping a watchful eye on the people and places that matter most."

Global AI in Retail to Reach $19.9 Billion by 2027

A report from Meticulous Research finds that the global AI in Retail market will grow to $19.9 billion by 2027 with a compound annual growth rate (CAGR) of 34.4 percent in the forecast period 2020-2027. An excerpt from the report's description reads:

Owing to increased customer preference for online retailing, organizations working in the retail segment are progressively adopting AI solutions to improve efficiency and productivity of operations. Retailers are using online platforms for personalized and improved customer engagement, inventory management, supply chain management, programmatic advertising, smart recommendations, and chatbots, among others. The current situation offers an opportunity for organizations to scale up capabilities, such as voice commerce, to strengthen engagement. However, amid the COVID-19 outbreak, consumer spending patterns across several categories are shifting dramatically. Many leading retail players are eying this crisis as a new opportunity for restructuring and revisiting their existing strategies along with an advanced product portfolio. The situation has been evolving in unpredictable ways, and companies operating in this market are doing tremendous work by adapting to a new reality, anticipating and planning for various scenarios.

Sam Mowers, Investorideas.com

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