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AI Eye Podcast 586: Stocks discussed: (NYSE: $IBM) (NYSE: $AYX)

IBM's AI-Powered The Weather Company Named "Most Accurate Provider Globally," and Alteryx Achieves Elite Technology Partner Status in Snowflake Partnership Network

 

Point Roberts, WA and Vancouver, BC - July 30, 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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AI Eye Podcast 586: Stocks discussed: (NYSE: $IBM) (NYSE: $AYX)

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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:AYX)

The Weather Company, a subsidiary of IBM (NYSE:IBM), was named "the overall most accurate provider globally" by ForecastWatch, described in the press release as "a premier organization for evaluating the accuracy of weather forecasts." Sheri Bachstein, CEO of The Weather Company and GM of IBM Watson Advertising, said:

"A forecast is most helpful when it comes from a recognized, trusted source, and the pursuit of accuracy is at the foundation of what we seek to provide to help customers, consumers and marketers to make important decisions every day. The study is evidence of how IBM is helping advance the science of weather forecasting through continued innovations in AI, data and cloud computing."

An excerpt from the press release outlines the role of AI in weather forecasting:

Artificial intelligence is a critical tool for meteorologists to make sense of billions of unstructured weather data points produced by satellites, ground sensors, radars, and more. With advanced machine learning algorithms and computing power from IBM, meteorologists at The Weather Company can use this data to simulate atmospheric conditions and better anticipate the weather forecast.

Alteryx, Inc. (NYSE:AYX) has announced that it has achieved Elite Technology Partner status in the Snowflake Partner Network, helping customers to "achieve unified data prep, analytics, data science and analytic automation all on one platform." Nitin Brahmankar, vice president, ISV & global partner ecosystem, Alteryx, commented:

"We are excited to achieve Elite status as we continue to see more customers run Alteryx automated analytics and data science on Snowflake. Our expanded partnership that includes Snowflake Partner Connect and Snowpark delivers exceptional ease-of-use for business users and citizen data scientists with a single integrated solution for high-performance analytics and machine learning."

Global AI in Big Data Analytics and IoT to Reach $27.3B by 2026

A report published by Research and Markets finds that the global AI in Big Data Analytics and IoT market will grow to $27.3 billion by 2026. An excerpt from the report's description outlines the role of AI in the market:

AI coupled with advanced big data analytics provides the ability to make raw data meaningful and useful as information for decision-making purposes. The use of AI for decision making in IoT and data analytics will be crucial for efficient and effective decision making, especially in the area of streaming data and real-time analytics associated with edge computing networks. Real-time data will be a key value proposition for all use cases, segments, and solutions. The ability to capture streaming data, determine valuable attributes, and make decisions in real-time will add an entirely new dimension to service logic. In many cases, the data itself, and actionable information will be the service.

Sam Mowers, Investorideas.com

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