The AI Eye: HPE Introduces AI-Driven HCI Advancements, NICE Actimize Introduces Federated Learning Approach to Fraud Detection

Point Roberts, WA and Vancouver, BC - October 28, 2019 (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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The AI Eye: HPE (NYSE: $HPE) Introduces AI-Driven HCI Advancements, NICE (Nasdaq: $NICE) Actimize Introduces Federated Learning Approach to Fraud Detection

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Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (NYSE:HPE) (NasdaqGS:NICE) (NasdaqGS:NUAN)

Hewlett Packard Enterprise Company (NYSE:HPE) has introduced advancements to its hyperconverged infrastructure (HCI) platform, HPE SimpliVity, leveraging AI to "simplify virtual machine (VM) management and free IT staff to focus on innovation". McLeod Glass, VP & General Manager, SimpliVity and Composable Software, Hewlett Packard Enterprise, commented:

"The future of HCI is AI-driven, and HPE has the most advanced intelligence. HCI makes life easy for enterprises, but unresolved complexities still occur. HPE has rethought HCI with HPE InfoSight at the heart. This global intelligence is truly a game changer for customers as they shift from first-generation HCI to intelligent HCI with HPE."

NICE Actimize, a subsidiary of NICE Ltd. (NasdaqGS:NICE), introduced its Federated Learning approach to fraud detection at the Money20/20 USA event today. According to the press release, the Federated Learning capability provides "financial services organizations (FSOs) with higher fraud detection rates across numerous fraud scenarios by leveraging NICE Actimize's Collective Intelligence network", and leverages decentralized artificial intelligence. Craig Costigan, CEO, NICE Actimize, explained:

"With NICE Actimize's Federated Learning capabilities, and leveraging its unmatched collective intelligence, financial services organizations can maximize the power of the cloud to fight fraud collaboratively without compromising data security. This advanced approach using agile analytics enables financial service organizations to move faster than the fraudsters while providing a frictionless customer experience."

Nuance Communications Inc. (NasdaqGS:NUAN) launched a new emergency medicine solution for its Dragon Medical Advisor in partnership with The Sullivan Group (TSG) to help "emergency department physicians improve patient safety and lower liability risks". The development "adds AI-powered tools for diagnostic advice, clinical best practices, and improved documentation at the point of care". Dan Sullivan, M.D., J.D., president and CEO of The Sullivan Group, commented:

"This intuitive solution harnesses the power of AI to provide seamless, efficient guidance real-time during the patient encounter. Healthcare organizations are focused on achieving high reliability in their operational processes; we are bringing high reliability to clinical decision making and judgement."

AIaaS Market to Reach $11.5 Billion USD by 2024

Research from Report Linker finds that the AI-as-a-Service (AIaaS) market will grow from $2 billion in 2018 to $11.5 billion by 2024 with a compound annual growth rate of 34 percent in the forecast period. An excerpt from the report summary outlines growth of the BFSI and Healthcare segments of the market in the Asia-Pacific region:

Of all, BFSI segment is likely to witness extensive adoption of AIaaS through 2024 as this vertical utilizes artificial intelligence for chatbots, fraud detection and customer recommendation. Moreover, need for integrating technology and improve operational efficiency is pushing the adoption of AIaaS in BFSI. Regionally, the market for artificial intelligence as a service is gaining traction and expanding to various regions across the globe. [The] Asia-Pacific industry is anticipated to witness the fastest growth during [the] forecast period.

Healthcare industry in Asia-Pacific region is growing at a rapid pace, attributed to the increasing population and health awareness among customers. This segment is creating investment opportunities in the region and anticipated to promote the growth of artificial intelligence as a service market in the region.

Sam Mowers, Investorideas.com

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