Point Roberts, WA and Vancouver, BC – November 19, 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 628: Stocks discussed: (NasdaqGS: NICE) (NasdaqGS: GOOG) (NYSE: PCG)
Stocks discussed: (NasdaqGS:NICE) (NasdaqGS:GOOG) (NYSE:PCG)
Today’s Column – The AI Eye – Watching stock news, deal tracker and advancements in artificial intelligence
NICE Ltd. (NasdaqGS:NICE) has announced a collaboration with Google Cloud (NasdaqGS:GOOG) wherein it will integrate its cloud-based, AI-powered CXone customer experience platform with Google Cloud’s Contact Center Artificial Intelligence (CCAI), “to address the growing demand for more effective and automated customer self-service systems that integrate with traditional contact centers.” Paul Jarman, the CEO of NICE CXone, said:
“As AI-powered virtual assistants continue to become a more crucial part of the customer service mix, contact centers want flexibility and choice in deploying conversational AI bots. Our collaboration with Google Cloud illustrates our commitment to innovation and integration with leading providers. We’re proud to provide contact centers with the freedom to adopt AI easily and quickly and drive next-gen, digitally fluent customer experiences.”
PG&E Corporation (Pacific Gas and Electric) (NYSE:PCG) is testing AI and machine-learning capabilities in the growing network of high-definition cameras across Northern and Central California to see how it can enhance fire-watch and response capabilities. The company has installed 138 new HD cameras across High Fire-Threat Districts this year, in collaboration with ALERTWildfire, and 46 of these are included in the new AI testing program. Sumeet Singh, PG&E Chief Risk Officer, explained:
“Even with the two significant rainstorms in October and November, we are still in a historic drought and California, along with other western states, continue to experience an increase in wildfire risk and a longer wildfire season. We are using every new tool and technology at our disposal to improve situational awareness and intelligence to help mitigate and prevent wildfires, including this new AI capability. Every bit of data and intelligence that comes to us could potentially save a life.”
Global Wearable AI Market to Reach $69.51B by 2026
A report published by Allied Market Research finds that the global Wearable AI market will grow from $10.63 billion in 2019 to $69.51 billion by 2026, with a compound annual growth rate (CAGR) of 26.5 percent during the forecast period. An excerpt from the report overview outlines trends influencing the market’s growth:
The factors such as growth in adoption of AI assistants, increased penetration of AI in the healthcare industry, advancement of IoT, and integration of wireless technology [are influencing the market’s growth]. [However], the short life of smart wearables hampers the wearable AI market’s growth. Further, AI assistance for animal health monitoring and advancement in personal computing is expected to create a lucrative wearable AI market opportunity.
Sam Mowers, Investorideas.com
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