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Artificial Intelligence

The Worldwide Augmented Intelligence Industry is Expected to Reach $54.7 Billion by 2027

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Dublin, Nov. 08, 2022 (GLOBE NEWSWIRE) — The “Augmented Intelligence Market with COVID-19 Impact Analysis by Component, Technology (Machine Learning, Natural Language Processing, and Computer Vision), Organization Size, Deployment Mode, Vertical and Region – Global Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.

The Augmented intelligence market size is projected to grow from USD 17.9 billion in 2022 to USD 54.7 billion in 2027, at a Compound Annual Growth Rate (CAGR) of 25.1% during the forecast period.

The cloud segment to have the highest CAGR during the forecast period

Among deployment type, the cloud segment is estimated to grow with the highest CAGR during the forecast period. The increasing generation of data leads to various challenges for several organizations. These challenges include storage, privacy, and affordability. Most of the augmented intelligence market demands cloud-based solutions as they are cost-effective and easily scalable.

The SMEs segment to hold a higher CAGR during the forecast period

Among the organization size, the large enterprises are projected to dominate the market, while the SMEs segment is projected to record a higher growth rate during the forecast period.

The adoption of Augmented intelligence and services among large enterprises is high as large enterprises use augmented intelligence solutions for specific use cases. They are faced with the troublesome task of effectively managing security because of the diverse nature of IT infrastructure, which is complex in nature.

Among regions, Asia Pacific to hold highest CAGR during the forecast period

Asia Pacific is expected to grow at a good pace during the forecast period. Security spending in Asia Pacific is increasing significantly due to the ever-growing threat landscape.

Traditional methods are no longer adequate for advanced digitalization. Hence, Augmented Intelligence vendors in this region focus on innovations related to their product line. China, Japan, and India have displayed ample growth opportunities in the Augmented Intelligence market.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Brief Overview of the Augmented Intelligence Market
4.2 Market: Top Three Verticals
4.3 Market, by Region
4.4 North America: Market, by Technology and Vertical

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Volume of Complex Business Data
5.2.1.2 Growing Adoption of Advanced Augmented Intelligence and Analytics Tools
5.2.1.3 Adoption and Scaling of Digital Initiatives
5.2.2 Restraints
5.2.2.1 Apprehension About Technologies Replacing Humans
5.2.2.2 Data Security Concerns
5.2.3 Opportunities
5.2.3.1 Increase in Adoption of Artificial Intelligence, Machine Learning, and Natural Language Processing Technologies
5.2.3.2 High Adoption of Augmented Intelligence Solutions Among SMEs
5.2.4 Challenges
5.2.4.1 Integration of Data from Data Silos
5.2.4.2 Ownership and Privacy of Collected Data
5.2.4.3 Lack of Skilled Workforce
5.2.5 Cumulative Growth Analysis
5.3 Augmented Intelligence: Evolution
5.4 Case Study Analysis
5.4.1 Banking, Financial Services, and Insurance
5.4.1.1 Case Study 1: Cognizant’s AI and Automation Solution Helps An Insurance Company Improve the Insurance Claims Process
5.4.1.2 Case Study 2: Eiffage Becomes Proactive in Its Financial Management with Tibco Spotfire Software
5.4.2 It & Telecom
5.4.2.1 Case Study 1: Orange Builds a Sustainable Data Practice with the Help of Dataiku
5.4.3 Retail & Consumer Goods
5.4.3.1 Case Study 1: Asos Used Microsoft Azure Ml Service to Reduce Time-To-Market for a Recommendations Model
5.4.4 Energy & Utilities
5.4.4.1 Case Study 1: Intermediate Energy Company Drills Down into Data Insights for Better Performance
5.4.5 Transportation & Logistics
5.4.5.1 Case Study 1: Sisense Allows Air Canada to Extract Meaningful Insights and Has Become An Indispensable Operational Management Tool
5.4.6 Healthcare & Life Sciences
5.4.6.1 Case Study 1: the Company Focuses on Integrating Data to Get a 360-Degree View of Customers, Without Restoring Manual Processes
5.4.6.2 Case Study 2: Inspire Used Ml to Connect Millions of Patients and Caregivers on AWS
5.4.7 Manufacturing
5.4.7.1 Case Study 1: IBM Helped Shenzhen China Star Optoelectronics Technology Co Ltd. (Csot) Boost Production Quality and Throughput
5.4.8 Media & Entertainment
5.4.8.1 Case Study 1: One of the World’s Leading Media Conglomerates Adopted Hcl’s Augmented Intelligence Solution to Redefine User Experience Through Human-Centric Design
5.4.9 Government & Defense
5.4.9.1 Case Study 1: by Moving to Equinix’s Ty3 Facility, Oanda Was Able to Improve this Time by 93%, Providing Its Japanese Customers with Real-Time Access to Its Foreign Exchange Trading Market
5.5 Supply/Value Chain Analysis
5.6 Technology Analysis
5.7 Patent Analysis
5.8 Augmented Intelligence Ecosystem
5.9 Pricing Model Analysis
5.10 Porter’s Five Forces Analysis
5.11 Regulatory Implications
5.12 Augmented Intelligence Market: COVID-19 Impact
5.13 Key Conferences & Events in 2022-2023
5.14 Tariff and Regulatory Landscape
5.15 Key Stakeholders & Buying Criteria

6 Augmented Intelligence Market, by Component
6.1 Introduction
6.1.1 COVID-19 Impact on the Market, by Component
6.1.2 Component: Market Drivers
6.2 Software
6.3 Services

7 Augmented Intelligence Market, by Technology
7.1 Introduction
7.1.1 COVID-19 Impact on the Market, by Technology
7.1.2 Technology: Market Drivers
7.2 Machine Learning
7.3 Natural Language Processing
7.4 Computer Vision
7.5 Other Technologies

8 Augmented Intelligence Market, by Deployment Mode
8.1 Introduction
8.1.1 COVID-19 Impact on the Market, by Deployment Mode
8.1.2 Deployment Mode: Market Drivers
8.2 On-Premises
8.3 Cloud

9 Augmented Intelligence Market, by Organization Size
9.1 Introduction
9.1.1 COVID-19 Impact on the Market, by Organization Size
9.1.2 Organizations Size: Market Drivers
9.2 Small and Medium-Sized Enterprises
9.3 Large Enterprises

10 Augmented Intelligence Market, by Vertical
10.1 Introduction
10.1.1 COVID-19 Impact on the Market, by Vertical
10.2 Vertical: Market Drivers
10.3 Banking, Financial Services, and Insurance
10.4 Telecommunications & It
10.5 Retail & Consumer Goods
10.6 Healthcare & Life Sciences
10.7 Government & Defense
10.8 Media & Entertainment
10.9 Manufacturing
10.10 Transportation & Logistics
10.11 Energy & Utilities
10.12 Other Verticals

11 Augmented Intelligence Market, by Region

12 Competitive Landscape
12.1 Overview
12.2 Key Player Strategies
12.3 Revenue Analysis
12.4 Market Share Analysis
12.5 Company Evaluation Quadrant
12.5.1 Stars
12.5.2 Emerging Leaders
12.5.3 Pervasive Players
12.5.4 Participants
12.6 Startup/SME Evaluation Quadrant
12.6.1 Progressive Companies
12.6.2 Responsive Companies
12.6.3 Dynamic Companies
12.6.4 Starting Blocks
12.7 Competitive Benchmarking
12.8 Competitive Scenario
12.8.1 Product Launches
12.8.2 Deals

13 Company Profiles
13.1 Introduction
13.2 Major Players
13.2.1 IBM
13.2.2 Salesforce
13.2.3 Google
13.2.4 Microsoft
13.2.5 SAP
13.2.6 SAS
13.2.7 Cognitivescale
13.2.8 Qliktech International Ab
13.2.9 Tibco
13.2.10 AWS
13.2.11 Neoris
13.2.12 Sisense
13.2.13 Microstrategy
13.2.14 Dataiku
13.3 SMEs and Startups
13.3.1 Cosmo Tech
13.3.2 Jumio
13.3.3 Lucidworks
13.3.4 Squirro
13.3.5 Datarobot
13.3.6 Bondi Labs
13.3.7 Eazyml
13.3.8 Stradigi AI
13.3.9 Aible
13.3.10 Pecan AI
13.3.11 TelliUS
13.3.12 Binah.ai
13.3.13 Augmented Intelligence (Aui)
13.3.14 Pryon
13.3.15 Bioxplor
13.3.16 Causa Lens

14 Adjacent and Related Markets

15 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/760upz

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Artificial Intelligence

Gilbarco Veeder-Root champions fuel efficiency, clean fuels and diesel rebate solutions in mining

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JOHANNESBURG, March 28, 2024 /PRNewswire/ — Global leader in technology solutions OEM Gilbarco Veeder-Root (GVR) is dedicated to enhancing operational performance by delivering comprehensive end-to-end wetstock, industrial, mining, and business-to-business solutions, all tailored to meet the specific needs of the customer.

 
 
By encompassing every aspect of mining operations, GVR commercial and industrial Middle East and Africa director Westtar Kapito says, “the company is setting new benchmarks for fuel efficiency, safety and sustainability within the mining industry”.
As part of a holistic approach to mining excellence, Kapito explains that Gilbarco’s integrated fuel and fleet management technology solutions are designed to address the multifaceted challenges of the mining industry.
Some of these facets include wetstock control, equipment maintenance and management, fleet management and automation, compliance monitoring and environmental sustainability, as well as driving productivity and profitability through innovation.
In addition, the introduction of Gilbarco’s clean fuel solution exemplifies the company’s commitment to maintaining equipment integrity and performance.
This technology, GVR says, monitors in real-time the status of up to 16 “clean fuels” key performance matrices, thereby ensuring that dirty fuel is flagged and not transferred into mining equipment which would affect engines and injectors and thus lower productivity.
Gilbarco’s comprehensive site automation solutions empower mining companies with critical data analytic insights, facilitating efficient monitoring and management of fleet and fuel inventory. Gilbarco’s dataFLEX360 platform plays a pivotal role, offering near real-time reporting and analytics to drive informed decision-making and operational agility.
dataFLEX360 is a Web-based, cloud-hosted strategic operational insights platform. The system ensures accurate, reliable and relevant reporting of all fuel, fleet and asset transactions, and provides for proactive corrective measures to reduce complex reporting and gives a consolidated and comprehensive view across all sites and assets.
With reconciliations at its core, dataFLEX360 provides solution accuracy on operational data.
Integral to the company’s solutions is compliance with Global Industry Standards and environmental stewardship, from leak detection to vapour recovery and clean fuel technologies. Gilbarco’s products are designed to ensure compliance and minimise the carbon footprint of mining operations.
Additionally, through the company’s innovative telematics technology and the data generated, it can systematically and seamlessly generate South African Revenue Services- (SARS-) compliant fuel rebate reports for any selected tax period.  
GVR’s technology provides a full audit trail required for eligibility for SARS rebates, and its reporting platform simplifies logbook and data gathering required, enabling successful rebate claims and return on investment.
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Artificial Intelligence

Invoca Wins CX Today Award for Best Conversational Intelligence Solution of 2024; Launches European Data Centre and Adds UK Sales Leader

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CX Today recognises Invoca as the foremost visionary in the Conversational Intelligence category. Additionally, expands its European presence with a new Data Centre and the appointment of Duncan MacPherson as UK Director of Sales.
LONDON, March 28, 2024 /PRNewswire/ — Invoca, the leading revenue execution platform for revenue teams, has won the CX Today Award for ‘Best Conversational Intelligence Solution’ of 2024. CX Today, the leading international news publication honouring excellence in CX technology, hosted the CX Awards to honour excellence in CX leadership, technology innovation, and industry success.

“Invoca’s exceptional work in conversational intelligence has helped push the category forward, and we are thrilled to see their accomplishments acknowledged at CX Awards 2024,” said Charlie Mitchell, Senior Editor at CX Today and host of the awards.
The award recognises Invoca’s strength in empowering revenue teams across marketing, contact centre sales, and customer experience to enhance buying experiences, increase high-value leads, and boost revenue. For businesses that acquire customers over the phone, Invoca enables these digital marketing and contact centre teams to collaborate to drive revenue growth. Invoca stands out for capturing deep insights from consumer calls and digital interactions and ingesting revenue driven by calls and other metadata from CRM and contact centre solutions, making Invoca the source of truth for consumer engagements.
“We’re thrilled to be named the Best Conversational Intelligence Solution of 2024 by CX Today as we highlight our longstanding vision to help brands acquire customers and grow their revenue,” said Gregg Johnson, CEO of Invoca. “As AI pioneers in this space, having first introduced our broad base of patented AI technologies in 2015, artificial intelligence and machine learning are core to helping companies improve the customer experience and connect the buyer journey.”
The CX Awards’ judging panel, including Dan Miller, Lead Analyst at Opus Research, reviewed hundreds of applications for their organisation’s ability to improve overall customer experience through innovation and high-impact features.
“Invoca continues to demonstrate that they are a clear leader in conversational intelligence AI. We recognised Invoca for their ability to employ a sophisticated blend of AI technologies — including patented machine learning, generative AI, voice biometrics, and deep learning neural networks, to drive revenue,” said Dan Miller, CX Awards judge and Lead Analyst at Opus Research.
Invoca Launches New European Platform and Data Centre Amid U.K. Sales Leadership Expansion
Invoca continues to reinforce its commitment to maintaining data excellence with unwavering reliability and strict adherence to security standards. Protecting customer data privacy remains a top priority, particularly given the heightened concerns surrounding security and privacy. Invoca’s new European platform and localised data centres support its growing customer base by ensuring all customers can adhere to the highest level of enterprise-grade data privacy, and GDPR compliance standards. Invoca’s powerful EU-based infrastructure enables its customers to recreate the same Invoca experience using the full feature suite while maintaining the highest standards of quality.
Invoca has also welcomed Duncan MacPherson as UK Director of Sales. MacPherson brings extensive experience with large companies and start-ups selling customer engagement solutions. This is part of an overall expansion in the UK market, which includes hiring a localised sales and customer success team, sales development, and marketing support.
More Information:
See the results you can get with Invoca’s award-winning conversation intelligence: https://www.invoca.com/customersInvoca’s GDPR Compliance: Everything You Need to Know: https://www.invoca.com/blog/invocas-gdpr-compliance-everything-you-need-to-knowWatch the CX Today Awards winners revealed on demand: www.cxtoday.com/cxawardsJoin Invoca’s talented team today: https://www.invoca.com/company/careersAbout InvocaInvoca is a revenue execution platform that connects marketing and sales teams to help them track and optimise the buying journey to drive more revenue. By using a comprehensive revenue execution platform with deep integrations with leading technology platforms, revenue teams can better connect their paid media investments directly to revenue, improve digital engagement, and deliver the best buyer experiences to drive more sales. With Invoca, top consumer brands, including AutoNation, DIRECTV, Mayo Clinic, Mutual of Omaha, and Verizon, experience unbelievable results powered by undeniable data. Invoca has raised $184M from leading venture capitalists, including Upfront Ventures, Accel, Silver Lake Waterman, H.I.G. Growth Partners, and Salesforce Ventures. For more information, visit www.invoca.com.
About CX AwardsHosted by CX Today, the awards ceremony has become the beacon of recognition for companies and professionals pushing the envelope in the CX technology sphere.
The CX Awards 2024 is here for its fourth year and is bigger and better than ever before! Winners of the 2023 awards included Vonage, Calabrio, and UJET and more. Then, the ceremony included exclusive streams from our people winners, Jay Patel from Webex and Kimberley Wood from Ultimate. Yet, this year’s event featured many more CX leaders who shared their unique takes on the space.
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Artificial Intelligence

ASC Achieves Certification for Webex Calling

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ASC announces compliance recording and AI-driven analytics tool for Webex Calling
HÖSBACH, Germany, March 28, 2024 /PRNewswire/ — ASC Technologies, a leading provider of comprehensive recording and analytics tools, announces its successful certification for Webex Calling with Webex by Cisco, a leading provider of collaboration technologies powering hybrid work and customer experience. This certification distinguishes ASC as one of the few global vendors who are authorized to provide record capabilities for Webex Calling communications. This capability is essential for organizations in regulated industries that must adhere to strict compliance standards.

A key benefit of the ASC solution is the simple and fast configuration in the Webex Control Hub, which ensures a high level of user-friendliness. In addition, ASC enables the migration of on-premise solutions to the cloud by seamlessly transferring recordings to the cloud environment. This step enables organizations to accelerate their digital transformation and take advantage of cloud-based services. In addition, AI-driven analytics, powered by ASC’s solutions, help organizations gain a comprehensive view of their communications, enrich customer relationships, and streamline compliance and risk management processes.
“As a stable company that has been established in the market for 60 years, we see the certification for Webex Calling not only as a confirmation of our technological expertise, but also as a promise to our customers and partners,” says Dr. Gerald Kromer, CEO of ASC. “We are committed to providing innovative and reliable solutions that meet the demands of today’s communications technologies while ensuring our customers’ compliance requirements.”
This certification is a further milestone in ASC’s successful partnership with Cisco, which has already existed for 20 years. ASC will be exhibiting at Enterprise Connect in Gaylord Palms, and Cisco Live in Las Vegas, showcasing its innovative recording and analytics solutions and demonstrating the results of its collaboration with Cisco. These events offer a glimpse into how ASC’s solutions drive efficiency and insight.
About ASC
ASC is a worldwide leading provider of software and cloud solutions in the field of omni-channel recording, quality management, and analytics. Among our target groups are all companies that record their communications, especially financial service providers, contact centers, and public safety organizations. We offer solutions for recording as well as AI-based analysis and evaluation of all communications – with full flexibility as a cloud service, on-premise or as a hybrid solution. Headquartered in Germany with subsidiaries in 14 countries and experienced system integration partners in over 60 countries, ASC is the #1 Europe-based player in its industry.
About Webex by Cisco
Webex is a leading provider of cloud-based collaboration solutions which includes video meetings, calling, messaging, events, customer experience solutions like contact center and purpose-built collaboration devices. At Webex, we start with people and their experiences first. This focus on delivering inclusive collaboration experiences fuels our innovation, which leverages AI and Machine Learning, to remove the barriers of geography, language, personality, and familiarity with technology. Our solutions are underpinned with security and privacy by design. We work with the world’s leading business and productivity apps – delivered through a single application and interface. Learn more at webex.com.
Logo: https://mma.prnewswire.com/media/2003160/ASC_Logo.jpg
 

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