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AI Eye Podcast 676: Stocks discussed: (NYSE: $ACN) (TSXV: $ZOMD.V)

Accenture Acquiring Capabilities from Trancom ITS, and Zoomd Acquiring Albert Technologies Ltd.

 

Vancouver, Kelowna, Delta, BC - March 28, 2022 (Investorideas.com Newswire) 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 676: Stocks discussed: (NYSE: $ACN) (TSXV: $ZOMD.V)

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

Stocks discussed: (NYSE:ACN) (TSXV:ZOMD)

Accenture (NYSE:ACN) has announced an agreement to acquire digital engineering and operational technology capabilities from Japanese logistics technology services provider Trancom ITS, enabling its Industry X service to offer hyper-automation solutions at scale. This will involve the latter's systems integration capabilities and logistics expertise allowing Accenture to expand its AI-powered supply chain management service to more clients. Tatsuya Nakayabu, senior managing director and lead for Accenture Industry X in Japan, said:

"We're seeing significant demand from clients to help them automate manual processes in factories and warehouses. By combining assets from Trancom ITS with our AI and robotics capabilities, we can drive more value from these processes for clients and help them become more sustainable."

Zoomd Technologies Ltd. (TSXV:ZOMD), along with its wholly-owned subsidiary Zoomd Ltd., have announced the acquisition of U.S.-based artificial intelligence marketing platform Albert Technologies Ltd. Ofer Eitan, Zoomd's CEO, explained:

"While we are also releasing some of our products onto a Self-Service and SaaS business model, Albert enhances our efforts immediately, with additional solid offerings that cover branding and awareness needs. Furthermore, we view Albert as complementary for mobile apps, particularly with regards to our future plans relating to Web3. We view M&A activity, which includes industry professionals, supplementary technology and solid customer base, as a part of Zoomd's growth objective."

Global AI Market to Grow by $76.44B from 2021-25

A report published by Technavio finds that the global AI market is projected to grow by $76.44 billion USD from 2020 to 2025, registering a compound annual growth rate (CAGR) of 21 percent in the forecast period 2021-25. The following excerpt from the report's summary outlines the influence of cloud-based services on the market's growth:

The rise in cloud-based AI services will also contribute to the growth of the global AI market during the forecast period. There is an increase in the demand for cloud-based Al products and services as the adoption of Al technologies in the on-premises data center is expensive. The demand for cloud-based Al products and services is inducing major public cloud players to leverage their technical expertise to offer different cloud-based Al products and services. Al-powered applications are used in a wide variety of use cases including recommendation engines, pricing optimization, lead generation, chatbots, and supply chain optimization.

Sam Mowers, Investorideas.com

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