Artificial Intelligence
Augmented Intelligence Market Forecast to 2027 – COVID-19 Impact and Global Analysis
Dublin, Oct. 02, 2020 (GLOBE NEWSWIRE) — The “Augmented Intelligence Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Technology, Enterprise Size, End-User, and Geography” report has been added to ResearchAndMarkets.com’s offering.
According to this report the market was valued at US$ 7,084.4 million in 2019 and is projected to reach US$ 74,619.2 million by 2027; it is expected to grow at a CAGR of 35.4% from 2020 to 2027.
In 2019, North America held the largest market share with more than 30% share and is projected to maintain its market dominance during the forecast period, followed by Europe and Asia Pacific. Technological advances have resulted in a highly competitive market in the region. Growing populations with increase in spending power are attracting many technological developments. The consumer electronics sector has flourished in the region. There is a relatively high density of consumer electronic devices, such as smartphones, in the region. This is likely to contribute to the growth of the North America augmented intelligence market. Growth in the e-commerce sector is also expected to fuel the growth of the market in the region by increasing the concentration of competition among the vendors to adopt advanced technologies to improve their sales and productivity.
North America is the B2C e-commerce leading region in sales. It represents around 33% of the total worldwide e-commerce purchases. Growth of online retail is due to the high internet penetration in North America. The region’s high internet penetration drives the demand for the e-commerce industry, which, in turn, fuels the need for augmented intelligence in complex decision making, predictive inventory planning, and understanding customer requirements.
In 2019, Europe stood second in the augmented intelligence market with a share of 23.8%, and it is anticipated to witness a steady CAGR from 2020 to 2027. Europe comprises several developed and developing economies, such as Germany, France, Italy, the UK, and Russia. Western Europe is renowned for its improved living conditions, with residents experiencing higher income levels. It is one of the wealthiest regions on the continent of Europe, with more GDP per capita than the other parts. Year 2019 showed promising results for tech investments in Europe as European tech continued to break records, despite UK and EU economic slowdowns.
Companies adopt inorganic market strategies to expand their footprints across the world and meet the growing demand. The augmented intelligence market players mainly focus on the acquisition strategy to expand their business and maintain their brand name globally. For instance, in 2020, Coca-Cola European Partners (CCEP) signed a agreement together with IBM to boost its transformation to an open hybrid cloud environment using Red Hat OpenShift and Red Hat Enterprise Linux. The move is made to reduce its operational expenses, increase IT resiliency, and leverage analytics and Artificial Intelligence (AI) in its daily operations to bring enhanced business insights and deliver greater service to its millions of customers.
Impact of COVID-19 on Augmented Intelligence market
According to the latest report from the World Health Organization, the US, Spain, Italy, France, Germany, UK, Russia, Turkey, Brazil, Iran, and China are some of the worst affected countries due to COVID-19 outbreak. The outbreak first began in Wuhan, China, during December 2019, and since then, it has spread at a fast pace across the globe. The COVID-19 crisis is affecting the industries worldwide, and the global economy is anticipated to take the worst hit in 2020, which is likely to have impact on 2021 as well.
The outbreak has created significant disruptions in primary industries, such as logistics, retail, and e-commerce. The sharp decline in the international trade is negatively impacting the growth of the global economy. The factory shutdowns, travel bans, trade bans, and border lockdowns to combat and contain the outbreak have adversely affected the businesses. The impact of COVID-19 outbreak on the global augmented intelligence market growth in various countries/regions is described in the below sections.
Reasons to Buy:
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the augmented intelligence market, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect technology and solution type.
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Augmented Intelligence Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Middle East & Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Augmented Intelligence Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Adoption of Augmented Intelligence by Enterprises to Gain Best Outcomes
5.1.2 Increase in Implementation of Augment Analytics in Business Intelligence Tools
5.2 Market Restraints
5.2.1 Limited Number of Expertise in Implementation of Augmented Intelligence
5.3 Market Opportunities
5.3.1 Augmented Intelligence Adoption for Digital Intelligence
5.4 Future Trends
5.4.1 Development of Fully Automated Convenience Stores
5.5 Impact Analysis of Drivers and Restraints
6. Augmented Intelligence Market – Global Market Analysis
6.1 Augmented Intelligence Market Overview
6.2 Augmented Intelligence Market -Revenue, and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Global Key Players
7. Augmented Intelligence Market Analysis – By Technology
7.1 Overview
7.2 Augmented Intelligence Market Breakdown, by Technology, 2019 & 2027
7.3 Machine Learning
7.3.1 Overview
7.3.2 Machine Learning Market Revenue and Forecast to 2027 (US$ Million)
7.4 Natural Language Processing
7.4.1 Overview
7.4.2 Natural Language Processing Market Revenue and Forecast to 2027 (US$ Million)
7.5 Machine Vision
7.5.1 Overview
7.5.2 Machine Vision Market Revenue and Forecast to 2027 (US$ Million)
7.6 Context-Aware Computing
7.6.1 Overview
7.6.2 Context-Aware Computing Market Revenue and Forecast to 2027 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others Market Revenue and Forecast to 2027 (US$ Million)
8. Augmented Intelligence Market Analysis- By Enterprise Size
8.1 Overview
8.2 Global Augmented Intelligence Market Breakdown, By Enterprise Size, 2019 & 2027
8.3 Large Enterprises
8.3.1 Overview
8.3.2 Large Enterprises Market Forecast and Analysis
8.4 SMEs
8.4.1 Overview
8.4.2 SMEs Market Forecast and Analysis
9. Augmented Intelligence Market Analysis – By End-User
9.1 Overview
9.2 Global Augmented Intelligence Market Breakdown, By End-User, 2019 & 2027
9.3 IT and Telecommunication
9.3.1 Overview
9.3.2 IT and Telecommunication Market Forecast and Analysis
9.4 Retail and E-commerce
9.4.1 Overview
9.4.2 Retail and E-commerce Market Forecast and Analysis
9.5 BFSI
9.5.1 Overview
9.5.2 BFSI Market Forecast and Analysis
9.6 Healthcare
9.6.1 Overview
9.6.2 Healthcare Market Forecast and Analysis
9.7 Others
9.7.1 Overview
9.7.2 Others Market Forecast and Analysis
10. Augmented Intelligence Market – Geographic Analysis
10.1 Overview
10.2 North America: Augmented Intelligence Market
10.3 Europe: Augmented Intelligence Market
10.4 APAC: Augmented Intelligence Market
10.5 MEA: Augmented Intelligence Market
10.6 SAM: Augmented Intelligence Market
11. Impact of COVID-19 Pandemic on Augmented Intelligence Market
11.1 Overview
11.2 North America
11.3 Europe
11.4 Asia-Pacific
11.5 Middle East and Africa
11.6 South America
12. Augmented Intelligence Market-Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Development
13. Company Profiles
13.1 IBM Corporation
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Microsoft Corporation
13.3 SAP SE
13.4 TIBCO Software Inc.
13.5 Sisense Inc
13.6 Salesforce.com, inc.
13.7 QlikTech International AB
13.8 MondoBrain Inc
13.9 Cosmo Tech
13.10 CognitiveScale
14. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/26e2w5
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Artificial Intelligence
XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform
CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.
XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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Artificial Intelligence
ICIS and Base Oil News Announce Partnership to Enhance Market Insights
LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.
With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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Artificial Intelligence
Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform
SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.
Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
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