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The AI Eye Podcast #537: Stocks discussed: (NasdaqGS: $AMZN) (NYSE: $NOW)

AWS Makes Amazon Lookout for Metrics Generally Available and ServiceNow Is Acquiring RPA Firm Intellibot

 

Point Roberts, WA and Vancouver, BC - March 26, 2021 (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 Podcast #537: Stocks discussed: (NasdaqGS: $AMZN) (NYSE: $NOW)

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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:NOW)

Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has announced the general availability of Amazon Lookout for Metrics, which employs machine learning, and is described as "a new fully managed service that detects anomalies in metrics and helps determine their root cause." Swami Sivasubramanian, Vice President of Amazon Machine Learning for AWS, said:

"We're excited to deliver Amazon Lookout for Metrics to help customers monitor the metrics that are important to their business using an easy-to-use machine learning service that takes advantage of Amazon's own experience in detecting anomalies at scale and with great accuracy and speed."

ServiceNow, Inc. (NYSE:NOW) has signed an agreement to acquire India-based robotic process automation (RPA) company, Intellibot. According to the press release, "Intellibot extends ServiceNow's core workflow capabilities by helping customers automate repetitive tasks for intelligent, end-to-end automation," and "ServiceNow intends to build Intellibot's capabilities natively into the Now Platform to enable customers to more easily integrate with both modern and legacy systems to drive productivity and strengthen existing artificial intelligence (AI) and machine learning (ML) efforts." Josh Kahn, SVP of Creator Workflow Products at ServiceNow, said:

"Our customers represent nearly 80 percent of the Fortune 500, and the vast majority are trying to drive automation across a mix of legacy and modern applications. With Intellibot, we will extend ServiceNow's ability to help customers connect systems so they can easily automate workflows and drive productivity."

Global Speech and Voice Recognition Market to Reach $26.79B by 2025

A report published by Meticulous Research finds that the global Speech and Voice Recognition market will reach $26.79 billion by 2025 with a compound annual growth rate (CAGR) of 17.2 percent in the forecast period 2019-2025. An excerpt from the report description outlines factors impacting the market's growth:

The growth of the overall speech and voice recognition market is primarily driven by factors, such as rising acceptance of advanced technology together with increasing consumer demand for smart devices, a growing sense of personal data safety and security, and increasing usage of voice-enabled payments and shopping by retailers. Furthermore, consistent proliferation of advanced technologies, such as artificial intelligence, and machine learning, speedy expansion of the smart devices market, and increasing willingness to employ voice assistants at websites or physical shops are also contributing to the growth of speech and voice recognition technologies market. However, the high cost of voice or speech-enabled smart devices and reluctance towards adopting smart technologies, especially in elderly consumers is the biggest hindrance for market growth.

Sam Mowers, Investorideas.com

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