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AI Eye Podcast 633: Stocks discussed: (NYSE: $WIT) (NasdaqGM: $VERI)

Wipro Limited and Celonis Announced Supply Chain Command Center, and Veritone Joins Utility Transformation Organizations

 

Point Roberts, WA and Vancouver, BC - December 6, 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 633: Stocks discussed: (NYSE: $WIT) (Nasdaq: $VERI)

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

Stocks discussed: (NYSE:WIT) (NasdaqGM:VERI)

Wipro Limited (NYSE:WIT) and execution management firm Celonis have announced the launch of the Supply Chain Command Center, aimed at helping organizations drive supply-chain transformation. Amit Puri, Global Vice President & Head - BPO & Managed Services, Celonis, explained:

"Since announcing our global partnership earlier this year, Wipro and Celonis are jointly driving next-gen digital transformation impact for global customers. Supply Chain Command Center solution is our new joint offering that is helping enterprises optimize their supply chain management transformation initiatives. The powerful combination of Celonis Execution Management System (EMS) with Wipro's domain expertise and advanced augmented intelligence capabilities of Wipro Holmes, enables us to unlock faster value for our customers across every industry segment and accelerate supply chain transformation through data-driven business execution."

Veritone, Inc. (NasdaqGM:VERI) has joined the Smart Electric Power Alliance (SEPA) and the Utility Analytics Institute (UAI), both described in the press release as "leading industry organizations focused on the transformation of utilities." Veritone will leverage its "strong AI leadership and deep machine learning expertise" to help solve problems relating to "the rise of renewable energy sources, new legislation, climate change, and the global push towards decarbonization." Sean McEvoy, SVP, Energy Solutions, Veritone, said:

"Like many other industries, utilities' decision-makers and organizations like SEPA and UAI recognize the game-changing capabilities of AI, machine learning, automation, and analytics. Particularly with the Federal Energy Regulatory Commission's (FERC) Order No. 2222 fostering competition in the wholesale energy market taking effect February 2022, there is no better time than now for Veritone to join these forward-thinking organizations. With our AI-driven energy solutions, together, we can fast-track our collective mission to make power delivery greener, cheaper, and more reliable as the nation transitions to a decarbonized future."

Global Blockchain AI Market to Reach $973.6M in 2027

A report published by Fortune Business Insights finds that the global Blockchain AI market is projected to grow from $184.6 million in 2019 to $973.6 million in 2027 with a compound annual growth rate (CAGR) of 23.6 percent in that forecast period. An excerpt from the report's summary outlines the role of the technology in the COVID-19 pandemic.

The current coronavirus crisis is challenging the blockchain AI market growth in the short-term and has affected every segment of society, including businesses and individuals. The blockchain and internet ecosystem has been playing a crucial role in accelerating digital transformation initiatives and activities amidst the COVID-19 pandemic. Industries such as healthcare & life sciences, BFSI, telecom & IT, and media & entertainment are leveraging the internet to provide blockchain-related services to consumers. The AI-based technology of blockchain can be used for crisis management, public health data surveillance, securing medical supply chains, donation tracking, and others.

Sam Mowers, Investorideas.com

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