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AI Eye Episode 408: Jack in the Box (NasdaqGS: $JACK) Goes All in with AWS (NasdaqGS: $AMZN) and Coca-Cola European Partners (NYSE: $CCEP) Signs Acceleration Agreement with IBM (NYSE: $IBM)

 

Point Roberts, WA and Vancouver, BC - August 11, 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 408: Jack in the Box (NasdaqGS: $JACK) Goes All in with AWS (NasdaqGS: $AMZN) and Coca-Cola European Partners (NYSE: $CCEP) Signs Acceleration Agreement with IBM (NYSE: $IBM)

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

Stocks discussed: (NasdaqGS:AMZN) (NasdaqGS:JACK) (NYSE:CCEP) (NYSE:IBM)

Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has announced that Jack in the Box Inc. (NasdaqGS:JACK) has "migrated from its on-premises data centers to AWS, improving the performance and reliability of its IT infrastructure, and positioning the company to better serve customers in the digital age." According to the press release, "going all-in on AWS means Jack in the Box can leverage AWS's broad portfolio of machine learning (ML) services to reveal more powerful insights into its customers' tastes and habits." Drew Martin, Chief Information Officer, Jack in the Box, said:

"AWS gives us the ability to be a more flexible, resilient, and data-driven organization, which is essential for our business to understand and adjust to the impacts of challenges such as COVID-19, flexibly scaling and contracting our resources to optimize how we operate."

The world's largest Coca-Cola bottler based on revenue, Coca-Cola European Partners (NYSE:CCEP), has signed a multiyear agreement with IBM (NYSE:IBM) to "accelerate its transformation to an open hybrid cloud environment using Red Hat OpenShift and Red Hat Enterprise Linux," and "leverage analytics and Artificial Intelligence (AI) in its daily operations to bring enhanced business insights and deliver greater service to its millions of customers." Peter Brickley, Chief Information Officer of Coca-Cola European Partners, said:

"Our successful collaboration with IBM over the last few years has given us the confidence to take the next step in our strategic cloud-first digital transformation. The selection of IBM's hybrid cloud architecture with Red Hat OpenShift gives us the flexibility to optimize across different public cloud platforms according to our future needs."

Global Online Payment Market – Driven by AI – to Reach $17.64 Trillion by 2027

A report from Fortune Business Insights finds that the global Online Payment market will grow from $3.28 trillion in 2019 to $17.64 trillion by 2027 with a compound annual growth rate (CAGR) of 23.7 percent in the forecast period 2020-2027. An excerpt from the report summary outlines the role of AI in the market's growth:

The payment industry is expected to incorporate Artificial Intelligence (AI) to drive its increasing transactional volume and to enhance payment processing. Also, to detect payment fraud, AI is being adopted for tracking the customer data rapidly and efficiently. Machine learning algorithms can leverage historical records to determine patterns and predict the possibility of fraud and attacks before they occur. Similarly, AI offers easy and improved customer service by using the insights collected from the customer's transaction data.

Sam Mowers, Investorideas.com

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