Connect with us
Prague Gaming & TECH Summit 2024

Artificial Intelligence

Artificial Intelligence Engineering Market to hit USD 180 Billion by 2032: Global Market Insights Inc.

Published

on

Selbyville, Delaware,, Nov. 01, 2022 (GLOBE NEWSWIRE) —  

The artificial intelligence (AI) engineering market is expected to record a valuation of USD 180 billion by 2032, as reported in a research study by Global Market Insights Inc. Rapid digital transformation across end-user industries is likely to foster the AI engineering industry trends. Moreover, market players are developing new AI engineering hardware and software, capitalizing on the growing consumer demand and thus, advancing the product scenario.

The shortage of skilled professionals may hamper the AI engineering market growth. The limited availability of skilled personnel in the field is hindering the full use of AI technology. According to tech giant IBM, around 7 out of 10 technology job aspirants and potential recruits lack the skills required to work in AI firms.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/5383

Increasing preference of corporate companies to push the demand for AI engineering services

The services segment is forecast to showcase nearly 38% of the growth rate from 2023 to 2032, on account of the shifting preference of corporate companies towards AI services instead of purchasing hardware and software to cut costs and avoid regular maintenance.

Initiatives by market leaders to encourage deep learning segment growth

The deep learning AI engineering segment is estimated to progress at above 38% CAGR through 2032. This growth is attributed to the launch of novel deep learning solutions by the artificial intelligence engineering market players.

Launch of new solutions to boost on-premise segment

Notable developments in the field of AI engineering have prompted customers to opt for on-premise software due to its higher reliability than other deployment options & rising cybersecurity concerns. The on-premise segment is speculated to register substantial gains up to 2032.

Favorable government & public sector programs to augment market growth

The industry outlook from the government & public sector is poised to remain positive until 2032. Governments from varied nations are encouraging the use of AI technologies and deploying them across different departments, such as defense & aerospace, commerce, and others, bolstering the demand for AI engineering. Backed by supportive awareness programs to increase AI adoption, the government & public sector segment is foreseen to grow at more than 31% growth through 2032.

Favorable R&D initiatives to accelerate North America market

The North America artificial intelligence engineering market garnered over 35% of the revenue share in 2022. The regional government is actively supporting the AI industry, which is pushing business growth. Additionally, surging investments toward R&D initiatives are set to encourage researchers to innovate AI technologies and improve the existing AI infrastructure.

Partnered efforts towards innovation to remain a key growth strategy

The competitive landscape of the artificial intelligence engineering market is inclusive of Cisco Systems, Inc., Intel Corp., Siemens AG, Oracle Corp., Salesforce.com Inc., Baidu Inc., Meta Platforms Inc., and Nvidia Corp., among others. These companies engage mainly in strategic partnerships and product enhancements to maintain their market position.

Request for customization of this research report at https://www.gminsights.com/roc/5383

Partial chapters of report table of contents (TOC):

Chapter 2   Executive Summary
2.1    AI engineering industry 360º synopsis, 2018 – 2032
2.2    Business trends
2.2.1    Total addressable market (TAM) trends, 2023 – 2032
2.3    Regional trends
2.4    Cable type trends
2.5    Vehicle type trends
2.6    Technology trends
Chapter 3   AI Engineering Industry Insights
3.1    Introduction
3.2    Impact of COVID-19 outbreak
3.3    Impact analysis of Russia-Ukraine war
3.4    AI engineering industry ecosystem analysis
3.5    Technology & innovation landscape
3.6    Patent analysis
3.7    Investment portfolio
3.8    Industry news
3.9    Regulatory landscape
3.10    Industry impact forces
3.10.1    Growth drivers
3.10.2    Industry pitfalls & challenges
3.11    Growth potential analysis
3.12    Porter’s analysis
3.13    PESTEL analysis

Browse Our Reports Store – GMIPulse @ https://www.gminsights.com/gmipulse

About Global Market Insights Inc.

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Tata Elxsi and Telefónica Collaborate to Achieve True Cloud-Native Infrastructure Management, Revolutionising Telecommunications Landscape

Published

on

tata-elxsi-and-telefonica-collaborate-to-achieve-true-cloud-native-infrastructure-management,-revolutionising-telecommunications-landscape

BENGALURU, India and BARCELONA, Spain, Feb. 27, 2024 /PRNewswire/ — Tata Elxsi and Telefónica proudly announce a groundbreaking achievement in the realm of the automation of cloud infrastructure for telecommunications, with the successful implementation of true cloud-native infrastructure management powered by ETSI Open-Source MANO (ETSI OSM). This milestone represents a significant evolution in network management, enabling operators to build intent-driven network systems with unprecedented efficiency and agility.

Through this collaboration, Tata Elxsi and Telefónica have enhanced the capabilities of OSM, introducing innovative features such as infrastructure automation, serverless operations execution environments, and the deployment of multi-cloud Platform-as-a-Service (PaaS) solutions. These advancements mark a new phase in the evolution of Telco Cloud technologies and signify a commitment to driving digital transformation across the telecommunications industry.
The integration of OSM with Tata Elxsi’s award-winning NEURON platform represents a pivotal moment in multi-domain transformation towards autonomous network systems. NEURON’s business intent-driven functionalities, coupled with OSM’s platform, provide operators with unparalleled control and flexibility in managing complex infrastructures.
“In our collaboration with Tata Elxsi, our objective is to advance the boundaries of technology and standardization, propelling operators towards cloud-native agility,” emphasised Francisco-Javier Ramón, Multicloud Tools Manager in gCTIO Unit at Telefónica.
“We are thrilled to partner with Telefónica to revolutionize the orchestration landscape,” commented B. Ramesh Ramanathan, Principal Architect, CTO Office at Tata Elxsi. “This collaboration enhances our presence within the open-source community and propels NEURON towards the realm of 5G and beyond and autonomous networks.”
The strategic collaboration between Tata Elxsi and Telefónica sets the stage for future advancements in Telco Cloud technology, paving the way for cutting-edge solutions that address the evolving needs of the telecommunications industry.  Powered by OSM, NEURON now possesses the capability to seamlessly integrate infrastructure, services, security, networking, and configuration into a unified, intent-driven deployment.
Please visit MWC Hall 2 – 2A53MR to see the joint demonstration by Telefónica and Tata Elxsi.
About Tata Elxsi
Tata Elxsi is a global design and technology services company that blends technology, creativity, and engineering to help customers transform ideas into world-class products and solutions. With expertise in industries such as automotive, broadcast, communications, healthcare, and more, Tata Elxsi is committed to driving innovation and delivering value to its clients worldwide. For more information, visit www.tataelxsi.com.
About Telefónica:
Telefónica is a leading telecommunications company operating in Europe and Latin America. With a presence in over 15 countries and a customer base exceeding 350 million, Telefónica is committed to providing cutting-edge solutions and services that enable individuals, businesses, and communities to connect and thrive in the digital world.
Logo: https://mma.prnewswire.com/media/742257/Tata_Elxsi_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/tata-elxsi-and-telefonica-collaborate-to-achieve-true-cloud-native-infrastructure-management-revolutionising-telecommunications-landscape-302072353.html

Continue Reading

Artificial Intelligence

Netcore Unbxd’s Strategic Expansion in Europe Fuels 150% Revenue Growth, Redefining Ecommerce in Europe

Published

on

netcore-unbxd’s-strategic-expansion-in-europe-fuels-150%-revenue-growth,-redefining-ecommerce-in-europe

LONDON, Feb. 27, 2024 /PRNewswire/ — Netcore Unbxd, a leading AI-powered Commerce Search and Product Discovery landscape player, proudly announces exceptional growth in the UK and European markets. This growth which has tripled in the last year, is marked by the successful onboarding of market-leading retailers, including Waitrose, Unilever Europe, Camper Footwear, Dobbies, Alohas, OceansApart, Goodform, and ResMed Europe. What sets this accomplishment apart is its tangible impact on the retailer’s bottom line, as they leverage the advanced capabilities of Netcore Unbxd’s platform, resulting in an impressive 40% surge in revenue and a substantial 25% increase in conversions.

As a wholly owned subsidiary of Netcore Cloud Pvt Ltd, Netcore Unbxd has strategically scaled its teams across key markets in the UK, France, Spain, and Portugal. Unbxd’s data infrastructure spans five regions, including one in the EU. Additionally, the region has established a comprehensive Go-To-Market (GTM) team comprising skilled professionals in customer success, account management, and sales to reinforce its commitment to providing exceptional services and support to its expanding clientele.
Netcore Unbxd’s success lies in the compelling stories of its customers, which include:
Fishpools, a significant player in the UK furniture industry, experienced a 51% increase in Average Order Value (AOV) and a 20% surge in search-related revenue within 12 months of implementing the Unbxd platform.Wex Photo Video, a leading electronics retailer, saw a remarkable 35% reduction in bounce rates within the same period.The company’s recognition as a leader in the Forrester Wave report in the Commerce Search and Product Discovery category in Q3 of 2023 further solidifies its position in the market. This is in addition to Netcore’s previous recognition as a top vendor in Email Marketing Services (Q1 2022) and Cross-Channel Marketing (Q1 2023).
Netcore Unbxd’s advanced AI technology empowers retailers to deliver highly personalised shopping experiences, optimising product discovery and ensuring a seamless shopper journey. The region’s platform has been highly successful, offering enterprise features such as omnichannel search, natural language processing (NLP) models, and multi-language understanding. Recent collaborations with industry leaders such as Unilever and Waitrose highlight the platform’s effectiveness across diverse UK and European sectors.
Nishant Jain, COO of Netcore Unbxd, stated, “Our vision is to revolutionise the ecommerce landscape by leveraging AI technologies like large language models (LLMs) and vector models to enhance product discovery. Netcore Unbxd, a platform designed for enterprise retailers, has observed a significant 150% growth in revenue within the region over the past year.”
Laura Burbedge, Director of Online at Waitrose, said, “We know that our customers are busy and have lots of demands on their time – they need to be able to fill their online shopping trolley quickly and easily with minimal effort. Through working with Unbxd we have already seen a significant improvement in customer satisfaction with our search feature, with more personalised results.”
As AI continues to evolve in ecommerce, Netcore Unbxd remains well-positioned to leverage innovative solutions that empower businesses to stay ahead of the curve.
About Unbxd
Netcore Unbxd is a cutting-edge AI-powered product discovery platform that elevates the ecommerce experience with personalised interactions. By providing a range of solutions, including contextually relevant Search, Personalisation, and Product Recommendations, alongside an intelligent Product Information Management (PIM) platform and an intuitive merchandising console, Unbxd offers brands the tools to optimise their ecommerce objectives. Noteworthy global brands such as Unilever, MattressFirm, Waitrose, Advance Auto Parts, Dillard’s, The Children’s Place, HSN, and Wex have trusted Unbxd. Across the world, Unbxd consistently delivers exceptional shopping journeys to countless online visitors at scale.
Media Contact:Mekhala [email protected] 
Logo: https://mma.prnewswire.com/media/2325576/Netcore_Unbxd_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/netcore-unbxds-strategic-expansion-in-europe-fuels-150-revenue-growth-redefining-ecommerce-in-europe-302072111.html

Continue Reading

Artificial Intelligence

ZwickRoell selects IFS Cloud to drive operational efficiency and support growth

Published

on

zwickroell-selects-ifs-cloud-to-drive-operational-efficiency-and-support-growth

IFS Cloud ERP will streamline ZwickRoell’s processes to reduce complexity and improve efficiencies to build business resilience.
LONDON, Feb. 27, 2024 /PRNewswire/ — IFS, the global cloud enterprise software company, today announced that ZwickRoell Gmbh & Co.KG, a leading worldwide manufacturer of materials testing equipment, has selected IFS Cloud in a strategic move to harmonize its business processes and deliver enhanced visibility across its operations.

The move to IFS Cloud was driven by the need to modernize its current Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) solution, which could no longer meet the business’ requirements needed to support its strategic growth plans.  Amid industry challenges, including global supply chain disruption, meeting sustainability goals and readiness for increased automation, ZwickRoell sought a new solution that would simplify its daily operations and eliminate existing IT operating risks.
IFS Cloud will enable the company to harmonize its disparate systems and simplify processes across its operations, driving continuous improvements and efficiency. With IFS Cloud, ZwickRoell will benefit from a single, composable digital platform that is designed to fit the needs of its complex manufacturing cycle today, from product development through to service and maintenance, and scale in future.
A key advantage of IFS Cloud is its evergreen model, which allows ZwickRoell to seamlessly integrate composable business applications across ERP, Enterprise Asset Management (EAM) and Field Service Management (FSM) as needed, enabling a solid data foundation across organization, and therefore delivering faster time to insight and minimizing costs. IFS Cloud will also enable the company to easily integrate users from MS Dynamics CRM systems, one of ZwickRoell’s key requirements.
Klaus Cierocki, CEO of ZwickRoell, said: “We are excited to begin a new chapter with IFS. Their manufacturing industry expertise and leading enterprise software differentiated them during the competitive selection process and they have given us complete confidence that they will support. IFS Cloud will provide us with the single platform that we knew was necessary to properly support our entire manufacturing and production cycle, ultimately helping us deliver better value to our customers and to build resiliency and agility into our business.”
Frank Beerlage, Managing Director DACH, IFS, said: “ZwickRoell is a strong family-run organization with traditions reaching back 160 years. Its values of honesty and fairness and its commitment to its customers are deeply aligned with IFS’s own mission. Globally, we are seeing manufacturers are increasingly accelerating their adoption of cloud-enabled solutions to enable the agility needed in the face of global challenges. We look forward to partnering with ZwickRoell on their digital transformation journey with IFS Cloud a core part of their strategic growth plans.”
The scale of deployment will include 1,390 users and two sites in Germany and Austria, with an 18-month global rollout to follow.
About ZwickRoell
For more than 160 years ZwickRoell has delivered outstanding technical performance, innovation and quality, in materials and component testing. ZwickRoell testing machines are used in R&D and quality assurance in more than 20 industries with one common goal – reliable test results This is ensured by a team of 1,900 dedicated employees in +50 countries, with competence, openness and passion.
Learn more about how automation and digitalization can make testing processes more efficient, simpler and safer at zwickroell.com  
About IFS
IFS develops and delivers cloud enterprise software for companies around the world who manufacture and distribute goods, build and maintain assets, and manage service-focused operations. Within our single platform, our industry specific products are innately connected to a single data model and use embedded digital innovation so that our customers can be their best when it really matters to their customers-at the Moment of Service™. The industry expertise of our people and of our growing ecosystem, together with a commitment to deliver value at every single step, has made IFS a recognized leader and the most recommended supplier in our sector. Our team of over 6,000 employees every day live our values of agility, trustworthiness, and collaboration in how we support our 6,500+ customers. Learn more about how our enterprise software solutions can help your business today at ifs.com.
IFS Press Contacts:EUROPE / MEA / APJ: Adam GillbeIFS, Director of Corporate & Executive CommunicationsEmail: [email protected]: +44 7775 114 856
NORTH AMERICA / LATAM: Mairi MorganIFS, Director of Corporate & Executive CommunicationsEmail: [email protected]: +44 7018 607 299
The following files are available for download:
https://mb.cision.com/Public/855/3935600/ad3dc38ca4cb4f61.pdf
ZwickRoell PR Final
https://news.cision.com/ifs/i/zwickroell930x423,c3271329
zwickroell930x423
 

View original content:https://www.prnewswire.co.uk/news-releases/zwickroell-selects-ifs-cloud-to-drive-operational-efficiency-and-support-growth-302072341.html

Continue Reading

Trending