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AI Eye Episode 428: AWS (NasdaqGS: $AMZN) and NFL Debuting Six New Insights Through Next Gen Stats Platform

Schlumberger (NYSE: $SLB) Collaborating with IBM (NYSE:$IBM) and Red Hat on Oil & Gas Digital Transformation

 

Point Roberts, WA and Vancouver, BC - September 9, 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 428: AWS (NasdaqGS: $AMZN) and NFL Debuting Six New Insights Through Next Gen Stats Platform

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

Stocks discussed: (NasdaqGS:AMZN) (NYSE:IBM) (NYSE:SLB)

Amazon Web Service (AWS), a subsidiary of Amazon (NasdaqGS:AMZN) is debuting six new insights with the National Football League (NFL), through the latter’s Next Gen Stats Platform “during the September 10th season kickoff game between the Houston Texans and the Super Bowl Champion Kansas City Chiefs.” Matt Swensson, Vice President, Emerging Products and Technology at the NFL, said:

"This season’s Next Gen Stats powered by AWS represent the NFL’s continued investment in cloud technology to improve not only the fan experience for millions of people around the world, but also the way the game is played. Our partnership with AWS and the use of machine learning have enabled our fans to better understand the remarkable performance of the athletes on the field. They have also uncovered opportunities for NFL teams to use this data to improve their performance by breaking down the action in new ways and analyzing plays at a deeper level after the game."

IBM (NYSE:IBM), Red Hat, and Schlumberger (NYSE:SLB) are collaborating to accelerate digital transformation across the oil and gas industry. The collaboration will focus on hybrid cloud deployment of DELFI – Schlumberger's leading exploration and production (E&P) cloud-based environment and cognitive applications – which utilizes cutting-edge data analytics and artificial intelligence. IBM CEO Arvind Krishna said:

"The logic, purpose, and differentiation of all businesses can now be rendered in code, which is why digital innovation has become the most powerful way to drive transformation and hybrid cloud is the lever that unleashes it. Together with Schlumberger, we are empowering a much broader group of participants to play a role in driving that transformation and helping the energy industry solve some of the world's toughest challenges to emerge stronger."

AI in Cybersecurity Market to Reach $101.8 Billion in 2030

A report from Prescient & Strategic Intelligence finds that the global AI in Cybersecurity market will grow from $8.6 billion in 2019 to $101.8 billion in 2030 with a compound annual growth rate (CAGR) of 25.7 percent in the forecast period 2020-2030. An excerpt from the report description outlines the role of cyber crime in driving the market:

With the rising incidence of cybercrimes, artificial intelligence in cyber security is playing a vital role in combating such miscreants. Cyber frauds, such as identity and payment card thefts, account for over 55% of all cybercrimes, and they cause major losses to organizations, if not countered quickly. AI-driven solutions combat cyber fraud by identifying threats, reducing response time, and refining techniques to distinguish attacks that require immediate attention. In August 2019, the U.S. Government Accountability Office (GAO) stated that despite taking actions to combat cyber incidents, the cases are growing on a yearly basis. Such factors are boosting the growth of the AI in cyber security market.

Sam Mowers, Investorideas.com

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