BANGALORE, India, Oct. 26, 2023 /PRNewswire/ — Cloud AI Market is Segmented by Component (Solution, Service), by Technology (Deep Learning, Machine Learning (ML), Natural Language Processing (NLP), Others), by Industry Vertical (IT and Telecommunication, BFSI, Retail and E-commerce, Healthcare, Automotive and Transportation, Government and Defense, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032.
The Global Cloud Artificial Intelligence Market was valued at USD 42.7 Billion in 2022 and is projected to reach USD 887 Billion by 2032, growing at a CAGR of 35.8% from 2023 to 2032.
Major Factors driving the growth of Cloud AI Market:
Sophisticated cloud-based AI solutions enable businesses to quickly develop, use, and innovate AI to address business problems. Artificial intelligence technology in the cloud could help businesses save costs while improving production and efficiency. It can also provide clients with an improved user experience and more ease. Another factor boosting the growth of the worldwide market is the growing demand for seamless data accessibility in various industries processing large amounts of data. Over the course of the projection period, these improved features should present profitable prospects for market expansion.
Global market growth is primarily driven by the increasing trend of cognitive computing in organizations. Cognitive computing evaluates unclear and ambiguous situations by using computer simulations of human thought processes. Businesses can improve their operations by fusing this capability with AI and cloud computing. Cloud computing is the biggest development in artificial intelligence (AI), with the ability to simulate human reasoning and enhance decision-making under difficult conditions. It is anticipated that the market trends for cloud artificial intelligence will be driven by these many positive elements.
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TRENDS INFLUENCING THE GROWTH OF THE CLOUD AI MARKET
The market for cloud artificial intelligence is growing due in large part to the explosive development in the proliferation of cloud-based AI services. Cloud computing is a crucial enabler for businesses because it offers the foundational architecture and resources required to provide digitalization to end users. This is explained by the growing number of nations making commitments to use cloud-based artificial intelligence solutions. In addition, governmental policies have stepped up their efforts to adopt cutting-edge technology and have plans to incorporate a new digital solution. Furthermore, cloud-based AI solutions make use of the economies of scale that cloud computing offers. Businesses can avoid the up-front expenses of buying and maintaining hardware infrastructure on-site. As a result, both public and private companies, as well as regional governments, invest in cloud-based AI solutions.
The global cloud AI market is expected to see growth prospects due to the increasing adoption of Internet and mobile devices. End consumers’ need for cloud AI solutions has increased as a result of the proliferation of mobile devices and increased connection, which has created a demand for advanced technological services. Cloud AI solution adoption can be increased by organizations thanks to the increasing use of mobile devices and the internet. Users of cloud-based AI solutions can safely access data and apps from their own devices. By enabling organizations to support business operations effectively, productivity and work-life balance are increased. The enormous potential for the growth and development of the cloud artificial intelligence market forecast is greatly influenced by the aforementioned factors.
The advantages of cloud-based AI are amplified in the area of business transformation since cloud computing AI ushers in a new era of possibilities. The unmatched scalability and flexibility of this fusion is one of its key benefits. Consider a situation where a major retailer expects an increase in online orders around the holidays. By adopting AI-powered cloud computing, the business can easily deploy more computer power to handle the unexpected spike in orders, guaranteeing continuous operation and happy clients. Consider a new software company that has a lot of users. The firm makes use of AI cloud technologies to automatically modify resources based on demand, saving money by not investing in expensive on-premises equipment. This adaptability lowers operating expenses and enables companies to react quickly to market changes.
Using cloud-based AI to its full potential has become essential in the enterprise evolution environment, changing the way firms function. Cost savings, which are a result of AI being used in cloud computing, are one of these benefits that stand out for efficiency. Think about a manufacturing company that is trying to improve efficiency. Through the use of AI cloud solutions, they optimize resource allocation through real-time analytics, minimizing downtime, maximizing machinery efficiency, and conserving energy. In addition, the business can use AI and cloud computing to forecast maintenance requirements and avoid expensive malfunctions.
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CLOUD AI MARKET SHARE ANALYSIS
The cloud AI market share was dominated by North America in 2022. This is because more money is being spent on cutting-edge technologies like cloud-based services, AI, ML, business analytics software, and the Internet of Things (IoT) to enhance customer experience and enterprises. These investments are expected to fuel the market for cloud artificial intelligence. However, during the forecast period, Asia-Pacific is anticipated to experience the fastest growth. This might be linked to the region’s market’s anticipated profitable growth potential due to the increased acceptance of modern technologies and the penetration of digitalization.
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NVidia CorporationINFOSYS LIMITEDMicrosoft CorporationIntel CorporationAppleGoogleAmazon Web Services IncSalesforceQliktech International ABIBM Corporation.View Full Report: https://reports.valuates.com/market-reports/ALLI-Manu-0E92/cloud-artificial-intelligence
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Sendbird Unveils Easy-to-Use AI Chatbot Tailored for Small Businesses
SEOUL, South Korea, Feb. 28, 2024 /PRNewswire/ — Sendbird, a leading communications platform for web and mobile apps, has launched its AI chatbot, designed for easy setup and tailored to help small-to-medium-sized businesses (SMBs) in various customer-facing sectors like e-commerce and healthcare. This affordable, no-code solution aims to enhance customer engagement and support. Businesses can access an AI chatbot starter package offering features such as chatbot personas creation, knowledge enrichment, workflow integration, and performance tracking analytics, all without requiring technical skills.
Furthemore, Sendbird has unveiled a developer-centric Pro package, which simplifies mobile app integration and provides more workflows and function calls for third-party software connections. These connections empower the AI chatbot to expand its capabilities and improve the competitiveness. For instance, the AI chatbot can offer personalized recommendations for flights, accommodations, or products.
Sendbird’s no-code AI chatbot seamlessly integrates with Sendbird Desk, its in-app chat customer service solution, providing businesses with a unified sales or support desk. This integration boosts automated efficiency while maintaining a nuanced understanding of human support, leading to swifter, more accurate responses and increased customer satisfaction.
Built on a real-time communication platform trusted by industry leaders like Rakuten, Paytm, Traveloka, Carousell, PayPay, Yahoo, DoorDash, Krafton, Sendbird’s AI chatbot ensures seamless integration with both websites and mobile applications. This enables businesses to streamline support processes, save time, and allocate resources effectively, exceeding customer expectations.
Sendbird CEO and Co-founder John S. Kim emphasizes the importance of making AI accessible to SMBs, stating, “Today, large enterprises and consumer brands effectively use AI to engage with their customers. But there is no way for a small company to compete. What we aim to do with our no-code AI chatbot is to make that technology accessible to SMBs.”
To explore the benefits firsthand, businesses can access a free trial of Sendbird’s AI chat bot at sendbird.com/products/ai-chatbot. Additionally, to enhance superior customer support and engagement further, go to Sendbird Desk at sendbird.com/products/customer-support.
Sendbird is the all-in-one communication platform empowering web and mobile applications with customizable user experiences. Sendbird’s cutting-edge APIs unlock the potential of AI-powered chatbots, one-way notification messages, chat, video calls and live streaming, tailored for use in commerce, marketing, and exceptional customer support. Trusted by industry leaders such as Rakuten, Paytm, Traveloka, Carousell, PayPay, Yahoo, DoorDash, and Krafton, Sendbird powers over 7 billion interactions monthly for over 4000+ applications worldwide.
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Vieworks Unveils Cutting-Edge X-ray Imaging Solutions at ECR 2024
ANYANG, South Korea, Feb. 27, 2024 /PRNewswire/ — Vieworks, a leading provider of medical and industrial X-ray imaging solutions, is gearing up to showcase its innovative lineup at the European Congress of Radiology (ECR) 2024, scheduled from February 28 to March 3 in Vienna, Austria. Vieworks will introduce a range of groundbreaking solutions including the VXvue software with AI diagnostic support for both human and veterinary applications, alongside X-ray flat panel detectors (Hall X3, Booth 324).
At the exhibition, Vieworks will unveil a total of 19 products, featuring 15 static and dynamic flat panel detectors accompanied by dedicated image acquisition software. Particularly noteworthy will be the introduction of the enhanced VXvue software integrated with AI diagnostic support solutions.
Vieworks’ large-format and large-area detector products (VIVIX-S 1751S, VIVIX-S 4747V) are designed to optimize full-spine, half-body, and large-area imaging, offering static image detectors capable of capturing wider area images in a single scan compared to conventional models, thereby reducing patient radiation exposure. With advantages such as high resolution and swift image acquisition, these detectors enable more efficient diagnosis.
In addition to these innovations, Vieworks will showcase a variety of its flagship products, including FPDs for general radiography (VIVIX-S V, VIVIX-S F series), portable C-arms and fluoroscopy applications (VIVIX-D series), and digital detectors for breast examination (VIVIX-M series).
Developed in-house by Vieworks, VXvue is a user-centric image processing software designed to post-process clinical images acquired through X-ray detectors. With recent enhancements, VXvue can analyze X-ray clinical images of animals such as dogs and cats, providing abnormal findings related to musculoskeletal and thoracic diseases within 15 seconds. By offering post-processing of images along with information on the location of ailments and their probability, VXvue is poised to significantly improve the diagnostic process for veterinarians.
VXvue also offers advanced solutions for human application, incorporating the ‘PureImpact™’ technology, a high-performance image processing algorithm that enhances image clarity, and AI. This enables detailed depiction of soft tissue and skeletal structures with minimal radiation exposure.
A Vieworks spokesperson stated, “This year, we will continue to invest in innovative technologies such as AI to advance our product diversification and technological sophistication. Through these efforts, we aim to secure loyalty from our key customers in North America and Europe and expand our market share.”
ECR, regarded as one of the world’s largest congresses alongside the Radiological Society of North America (RSNA), anticipates participation from over 240 companies representing 35 countries.
About Vieworks Co., Ltd.
As a global leader in digital imaging in various applications from medical x-ray imaging to industrial x-ray inspection, Vieworks offers the most advanced x-ray flat panel detectors and software as a solution to the world. Vieworks creates new standards in the imaging industry by providing professionals with the most valued and high-quality images and offering innovative vision and insight for all. For more information, please visit xrayimaging.vieworks.com.
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Geotab Brings Conversational AI to Connected Transportation Solutions at Mobile World Congress
Demonstrates Geotab Ace with AI capabilities to interpret complex data with natural-language processing – a game-changer in connected vehicle transformationEnables fleets to make faster data-driven decisions based on safety, route planning, maintenance schedules, sustainability, and moreVisit us for the Geotab Ace demo on the Ontario Canada exhibition in Hall 7, 7G61, Kiosk 11 at MWC
BARCELONA, Spain, Feb. 27, 2024 /CNW/ – Geotab Inc. (“Geotab”), a leading connected vehicle technology provider, will demonstrate its industry-first generative AI assistant for connected transportation, Geotab Ace, at Mobile World Congress. Geotab Ace is fueled by data-led AI processing capabilities analyzing more than 75 billion data points daily across global telecoms networks. Deeply integrated into MyGeotab, Geotab Ace instantly generates insights, while democratising and streamlining access to information to unlock new value from fleet data.
Geotab Ace was launched earlier this month at Geotab Connect, with the first public demonstrations of the AI copilot being debuted at Mobile World Congress. Geotab Ace has access to an expansive array of insights, including predictive safety analytics, predictive maintenance, trip data, zone activity, electric vehicle statistics, exception events, GPS tracking, and more. This allows it to provide nuanced answers to a broad range of complex questions while remembering past interactions to improve future responses. Geotab Ace is built on privacy-by-design principles and keeps all customer telematics data within Geotab’s environment, never shared with any Large Language Model (LLM).
Enhancements to the user experience include tailored insights through intuitive dialogue with natural language processing – allowing organizations with fleets to extend on-demand insights in areas including safety, operations, maintenance, efficiency, and sustainability to assess the performance of their vehicles, assets, drivers, and more in simple, easy-to-understand terms.
Fleets can now significantly reduce the time taken to gain insights and access customized data reflections that are tailored to their specific needs, enhancing their capacity and expediency for making data-driven decisions.
“By bringing the intuitive simplicity of conversational AI directly into the Geotab platform, we are transforming the way fleets interact with their data, crafting a future where insights are immediate, intelligent, and instrumental to success,” said Edward Kulperger, Senior Vice President, Geotab EMEA. “It embodies our mission to simplify data analysis and unlock a world of trustworthy, insightful and actionable fleet intelligence.”
Geotab’s position as an industry trailblazer is reinforced by its 4 million globally connected vehicles, 50,000 customers across 160 countries, and an extensive telecoms carrier and partner network. This depth of expertise and global scale enables the company to develop unprecedented AI models, unlocking unmatched value and efficiency for fleets around the world.
Geotab Ace will be available to be experienced hands-on in the Ontario (Canada) Pavilion in Hall 7, 7G61, Kiosk 11 at Mobile World Congress from February 26 – 29, 2024.
To learn more about Geotab Ace, visit https://www.geotab.com/uk/ace/..
About GeotabGeotab is a global leader in connected transportation solutions. We provide telematics — vehicle and asset tracking — solutions to over 50,000 customers in 160 countries. For more than 20 years, we have invested in ground-breaking data research and innovation to enable partners and customers, including Fortune 500 and public sector organizations, to transform their fleets and operations. With over 4 million subscriptions and processing more than 75 billion data points a day, we help customers make better decisions, increase productivity, have safer fleets, and achieve their sustainability goals. Geotab’s open platform and Marketplace offers hundreds of third-party solution options. Backed by a team of industry-leading data scientists and AI experts, Geotab is unlocking the power of data to understand real-time and predictive analytics — solving for today’s challenges and tomorrow’s world. To learn more, visit www.geotab.com, follow @GEOTAB on Twitter and LinkedIn, or visit the Geotab Blog.
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- Sendbird Unveils Easy-to-Use AI Chatbot Tailored for Small Businesses
- Vieworks Unveils Cutting-Edge X-ray Imaging Solutions at ECR 2024
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