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AI Eye Podcast #647: Stocks discussed: (NYSE: IBM) (NYSE: JCI)

IBM Expands AI Software with Envizi Acquisition, and Johnson Controls Acquires Edge AI Developer FogHorn

 

Point Roberts, WA and Vancouver, BC - January 12, 2022 (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 #647: Stocks discussed: (NYSE: IBM) (NYSE: JCI)

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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:JCI)

IBM (NYSE:IBM) has announced the acquisition of Envizi, described in the press release as "a leading data and analytics software provider for environmental performance management." By integrating Envizi with IBM's other AI-powered softwares, companies will be able to "automate the feedback generated between their corporate environmental initiatives and the operational endpoints being used in daily business operations." Kareem Yusuf, General Manager, IBM AI Applications, explained:

"To drive real progress toward sustainability, companies need the ability to transform data into predictive insights that help them make more intelligent, actionable decisions every day. Envizi's software provides companies with a single source of truth for analyzing and understanding emissions data across the full landscape of their business operations and dramatically accelerates IBM's growing arsenal of AI technologies for helping businesses create more sustainable operations and supply chains."

Smart buildings leader Johnson Controls International (NYSE:JCI) has acquired FogHorn, a major developer of Edge AI software for the industrial and commercial Internet of Things (IoT) solutions. The integration of FogHorn's Edge AI software with Johnson Controls' OpenBlue smart buildings platform will enable machine-learning-driven solutions to streamline building maintenance. Johnson Controls CTO Vijay Sankaran said:

"Value is increasingly being created by applying intelligence at the edge-device level to create real-time, secure, actionable insights. By pervasively integrating Foghorn's world class Edge AI throughout our OpenBlue solution portfolio, we are accelerating the pace towards our vision of smart, autonomous buildings that continuously learn, adapt and automatically respond to the needs of the environment and people."

Global Call Center AI Market to Reach $9.94B by 2030

A report published by Allied Market Research finds that the global Call Center AI market will grow from $959.8 million USD in 2020 to $9.94 billion by 2030, registering a compound annual growth rate (CAGR) of 26.3 percent in the forecast period 2021-2030. An excerpt from the report overview outlines some key influences on the market's growth:

The global call center AI market is impacted by factors such as rise in need for improved customer experience & customer response time along with the enhanced data analytical capabilities. Moreover, high installation and training cost coupled with privacy and security concerns is affecting the call center AI market growth. Furthermore, rise in focus of companies in AI technology and increase in penetration of social media platforms influence the market growth. However, each of these factors is anticipated to have a definite impact on the growth of the global market during the forecast period.

Sam Mowers, Investorideas.com

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