IIT Mumbai alumnus Rajiv Joshi, an IBM scientist, bags inventor of the year award – Livemint

Indian-American inventor Rajiv Joshi has bagged the prestigious Inventor of the Year award in recognition of his pioneering work in advancing the electronic industry and improving artificial intelligence capabilities.

Dr Joshi has more than 250 patented inventions in the US and works at the IBM Thomson Watson Research Center in New York.

He was presented with the prestigious annual award by the New York Intellectual Property Law Association early this month during a virtual awards ceremony.

An IIT Mumbai alumnus, Joshi has an MS degree from the Massachusetts Institute of Technology (MIT) and a PhD in mechanical/electrical engineering from Columbia University, New York.

His inventions span from novel interconnect structures and processes for more scaling, machine learning techniques for predictive failure analytics, high bandwidth, high performance and low power integrated circuits and memories and their usage in hardware accelerators, meant for artificial intelligence applications.

Many of these structures exist in processors, supercomputers, laptops, smartphones, handheld and variable gadgets and many other electronic items. His innovations have helped advance day-to-day life, global communication, health sciences and medical fields.

Necessity and curiosity inspire me," Dr Joshi told PTI in a recent interview, adding that the identification of a problem and providing out of the box solution as well as observe and think help him immensely to generate ideas.

Joshi claimed that stories about great, renowned inventors like Guglielmo Marconi, Madame Curie, Wright Brothers, James Watt, Alexander Bell, Thomas Edison inspired him.

In his acceptance speech, Dr Joshi said that cloud, artificial intelligence and quantum computing not only remain the buzzwords, but their utility, widespread usage is advancing with leaps and bounds.

All these areas are very exciting and I have been dabbling further in Artificial Intelligence (AI) and quantum computing," he said.

Quantum computing, which has offered tremendous opportunities, also faces challenges, he noted, adding that he is involved in advancing technology, improving memory structures and solutions and their usage in AI and contributing to quantum computing to advance the science. (With Agency Inputs)

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IIT Mumbai alumnus Rajiv Joshi, an IBM scientist, bags inventor of the year award - Livemint

Quantum Computing Market Growth Analysis by Size, Top Companies, Supply Demand, Trends, Demand, Overview and Forecast to 2026 – Cole of Duty

New Jersey, United States, The Quantum Computing Market report examines the market situation and prospects and represents the size of the Quantum Computing market (value and volume) and the share by company, type, application and region. The general trends and opportunities of Quantum Computing are also taken into account when examining the Quantum Computing industry. Quantum Computing The market report focuses on the following section: Analysis of the Quantum Computing industry by transfer into different segments; the main types of products that fall within the scope of the report.

This Quantum Computing market report is a complete analysis of the Quantum Computing market based on an in-depth primary and secondary analysis. The scope of the Quantum Computing market report includes global and regional sales, product consumption in terms of volume and value. The Quantum Computing market report contains an estimate of revenue, CAGR and total revenue. The knowledge gathered in world trade Quantum Computing is presented in figures, tables, pie charts and graphics.

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Top 10 Companies in the Global Quantum Computing Market Research Report:

Global Quantum Computing Market: Drivers and Restrains

The research report included analysis of various factors that increase market growth. These are trends, restrictions and drivers that change the market positively or negatively. This section also contains information on various segments and applications that may affect the market in the future. Detailed information is based on current trends and historical milestones. This section also includes an analysis of sales volume on the Quantum Computing market and for each type from 2015 to 2026. This section mentions sales volume by region from 2015 to 2026. The price analysis is included in the report Type of year 2015 to 2026, manufacturer from 2015 to 2020, region from 2015 to 2020 and total price from 2015 to 2026.

An in-depth assessment of the restrictions contained in the report describes the contrast to the drivers and leaves room for strategic planning. The factors that overshadow the growth of the market are essential as they can be understood to design different phrases to take advantage of the lucrative opportunities that the growing Quantum Computing market offers. In addition, information on the opinions of market experts was used to better understand the market.

Global Quantum Computing Market: Segment Analysis

The research report contains certain segments such as application and product type. Each type provides revenue information for the 2015-2026 forecast period. The application segment also provides volume revenue and revenue for the 2015-2026 forecast period. Understanding the segments identifies the importance of the various factors that support Quantum Computing market growth.

Global Quantum Computing Market: Regional Analysis

The research report includes a detailed study of the regions of North America, Europe, Asia Pacific, Latin America, the Middle East and Africa. The Quantum Computing report was compiled after various factors determining regional growth, such as the economic, environmental, social, technological and political status of the region concerned, were observed and examined. Analysts examined sales, sales, and manufacturer data for each region. This section analyzes sales and volume by region for the forecast period from 2015 to 2026. These analyzes help the reader understand the potential value of investments in a particular region.

Global Quantum Computing Market: Competitive Landscape

This section of the report lists various major manufacturers in the market. It helps the reader understand the strategies and collaborations that players focus on to fight competition in the market. The full report provides a significant microscopic overview of the Quantum Computing market. Readers can identify manufacturers footprints by knowing manufacturers global earnings, manufacturers world market prices, and manufacturers sales for the 2015-2019 forecast period.

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Table of Content

1 Introduction of Quantum Computing Market

1.1 Overview of the Market1.2 Scope of Report1.3 Assumptions

2 Executive Summary

3 Research Methodology of Verified Market Research

3.1 Data Mining3.2 Validation3.3 Primary Interviews3.4 List of Data Sources

4 Quantum Computing Market Outlook

4.1 Overview4.2 Market Dynamics4.2.1 Drivers4.2.2 Restraints4.2.3 Opportunities4.3 Porters Five Force Model4.4 Value Chain Analysis

5 Quantum Computing Market, By Deployment Model

5.1 Overview

6 Quantum Computing Market, By Solution

6.1 Overview

7 Quantum Computing Market, By Vertical

7.1 Overview

8 Quantum Computing Market, By Geography

8.1 Overview8.2 North America8.2.1 U.S.8.2.2 Canada8.2.3 Mexico8.3 Europe8.3.1 Germany8.3.2 U.K.8.3.3 France8.3.4 Rest of Europe8.4 Asia Pacific8.4.1 China8.4.2 Japan8.4.3 India8.4.4 Rest of Asia Pacific8.5 Rest of the World8.5.1 Latin America8.5.2 Middle East

9 Quantum Computing Market Competitive Landscape

9.1 Overview9.2 Company Market Ranking9.3 Key Development Strategies

10 Company Profiles

10.1.1 Overview10.1.2 Financial Performance10.1.3 Product Outlook10.1.4 Key Developments

11 Appendix

11.1 Related Research

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Quantum Computing Market Growth Analysis by Size, Top Companies, Supply Demand, Trends, Demand, Overview and Forecast to 2026 - Cole of Duty

Tencent to Invest $70 Billion in ‘New Infrastructure’ Supporting AI and Cloud Computing – Caixin Global

Tencent to Invest $70 Billion in New Infrastructure Supporting AI and Cloud Computing

Chinese tech giant Tencent plans to invest 500 billion yuan ($70 billion) in digital infrastructure over the next five years in response to a government call to energize the worlds second-largest economy with investment in new infrastructure.

New infrastructure is broadly defined as infrastructure that supports technology and science based projects.

The massive investment by Tencent will focus on areas ranging from cloud computing, artificial intelligence (AI), blockchain and Internet of Things (IoT) to 5G networks, quantum computing and supercomputer centers, according to a company statement published Tuesday.

Tencent did not provide further details about the investment plan, but underscored the progress it has made in boosting its cloud computing capabilities. The company has built a network of data centers housing more than 1 million servers, the statement said.

In the fourth quarter of 2019, Tencent controlled 18% of Chinas cloud infrastructure service market, far behind market leader Alibaba, which grabbed 46.4%. Alibaba has announced plans to spend $28 billion on its cloud infrastructure over the next three years in a bid to help businesses embrace digitalization.

Tencent will also deepen partnerships with scientific research experts, laboratories and top universities to cultivate talents, tackle scientific problems and formulate industry standards, the statement added.

Tencents announcement comes days after Chinese premier Li Keqiang highlighted the role of new infrastructure in Chinas push to accelerate the tech-driven structural upgrade of its economy in his government work report delivered to the National Peoples Congress (NPC), the countrys top legislature.

Last month, Chinas National Development and Reform Commission (NDRC), the countrys top economic planner, divided new infrastructure into three areas: information-based infrastructure such as 5G and IoT; converged infrastructure supported by the application of the internet, big data and AI; and innovative infrastructure that supports scientific research, technology development and product development.

Contact reporter Ding Yi (yiding@caixin.com)

Related: Alibaba Now Controls Nearly Half of Chinas Cloud Service Market, Research Says

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Tencent to Invest $70 Billion in 'New Infrastructure' Supporting AI and Cloud Computing - Caixin Global

UM-Flint professor uses artificial intelligence to study diseases, food contamination – University of Michigan Flint News

A look at Halil Bisgins published research shows an eclectic selection of topics: an analysis of the structure of ISIS propaganda, detecting automated activity on Twitter, predicting fetal development diseases, drug repositioning, assessing the performance of cancer panels, and identifying food contaminating beetles to name a few. His work spans such a wide number of fields, from bioinformatics to social computing, that you may be left wondering what his particular area of expertise actually is.

In fact, Bisgin is an assistant professor of computer science in the College of Arts & Sciences at UM-Flint with expertise in data mining and machine learning. And while, for many of us, the term computer science conjures up images of building computer programs and smartphone apps, Bisgins interdisciplinary approach has allowed him to make advances in numerous fields outside the typical realm of computer science.

Two of his most recent collaborations have been with the Food & Drug Administration and Beaumont Health System.

Insect pests can contaminate as much as ten percent of the total food produced in the United States. Identifying the species involved usually requires a food inspection analyst with years of training to determine the microscopic differences.

Bisgin worked with the Food & Drug Administration to create an AI system that automatically detects insect contaminants from images. The research project focused on 15 of the most common beetle species detected in food inspections.

We cropped the images into smaller pieces because, with processed food, the whole beetle will probably not remain intact, Bisgin explains. I also used the Great Lakes supercomputer at U-M Ann Arbor to train my model because this is a very computationally demanding process.

With an overall accuracy rating of 80 percent, Bisgins program can quickly identify the species contaminating stored foods, which in turn informs possible causes and solutions to the infestation.

In a collaboration with the Beaumont Health System, Bisgin used machine learning to identify specific biomarkers associated with a condition known as Intrauterine Growth Restriction (IUGR).

With IUGR, developing babies dont grow to normal weight during pregnancy. A common defining feature of the condition is a birth rate lower than the 10th percentile, controlling for factors such as gender and ethnicity. Still, it is important to distinguish IUGR from other causes of small stature to avoid unnecessary medical testing and interventions during pregnancy.

Beaumont research scientist Ali Yilmaz would share files with hundreds of metabolic data points from blood samplesboth from pregnant women with IUGR and without the condition.

From those hundreds of data points, Bisgins approach can narrow it down to a handful of potential biomarkers associated with the condition. Medical researchers can then spend their time and resources more effectively.

It would take quite some time to figure out what is happening without an efficient method. [Bisgin] was a huge help, Yilmaz says. These are proof of concept studies, and hopefully it will lead us to working with thousands of samples and identifying countless potential biomarkers for disease.

The innovative manner in which Bisgin has applied his computer science expertise in solving real-world issues exemplifies the creative mindset embraced by both students and faculty in UM-Flints College of Arts & Sciences.

Dr. Bisgin has shown incredible flexibility in utilizing his skillset to solve complex issues across disciplines, explains Susan Gano-Phillips, dean of CAS. This work highlights the value of creativity in solving new problems, something we emphasize every day in the college and across the UM-Flint campus.

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Coronavirus tests the value of artificial intelligence in medicine – FierceHealthcare

Albert Hsiao, M.D., Ph.D., and his colleagues at the University of California San Diego (UCSD) health system had been working for 18 months on anartificial intelligence program designed to help doctors identify pneumonia on a chest X-ray.

When thecoronavirushit the U.S., they decided to see what it could do.

The researchers quickly deployed the application, which dots X-ray images with spots of color where there may be lung damage or other signs of pneumonia. It has now been applied to more than 6,000 chest X-rays, and its providing some value in diagnosis, said Hsiao, director of UCSDs augmented imaging and artificial intelligence data analytics laboratory.

His team is one of several around the country that has pushed AI programs developed in a calmer time into the COVID-19 crisis to perform tasks like deciding which patients face the greatest risk of complications and which can be safely channeled into lower-intensity care.

The machine-learning programs scroll through millions of pieces of data to detect patterns that may be hard for clinicians to discern. Yet few of the algorithms have been rigorously tested against standard procedures. So while they often appear helpful, rolling out the programs in the midst of a pandemic could be confusing to doctors or even dangerous for patients, some AI experts warn.

AI is being used for things that are questionable right now, said Eric Topol, M.D., director of the Scripps Research Translational Institute and author of several books on health IT.

Topol singled out a system created by Epic, a major vendor of electronic health records software, that predicts which coronavirus patients may become critically ill. Using the tool before it has been validated is pandemic exceptionalism, he said.

RELATED:Boston startup using AI, remote monitoring to fight coronavirus

Epic said the companys model had been validated with data from more 16,000 hospitalized COVID-19 patients in 21 healthcare organizations. No research on the tool has been published, but, in any case, it was developed to help clinicians make treatment decisions and is not a substitute for their judgment, said James Hickman, a software developer on Epics cognitive computing team.

Others see the COVID-19 crisis as an opportunity to learn about the value of AI tools.

My intuition is its a little bit of the good, bad and ugly, said Eric Perakslis, Ph.D., a data science fellow at Duke University and former chief information officer at the Food and Drug Administration. Research in this setting is important.

Nearly $2 billion poured into companies touting advancements in healthcare AI in 2019. Investments in the first quarter of 2020 totaled $635 million, up from $155 million in the first quarter of 2019, according to digital health technology funderRock Health.

At least three healthcare AI technology companies have made funding deals specific to the COVID-19 crisis, including Vida Diagnostics, an AI-powered lung-imaging analysis company, according to Rock Health.

Overall, AIs implementation in everyday clinical care is less common than hype over the technology would suggest. Yet the coronavirus crisis has inspired some hospital systems to accelerate promising applications.

UCSD sped up its AI imaging project, rolling it out in only two weeks.

Hsiaos project, with research funding from Amazon Web Services, the University of California and the National Science Foundation, runs every chest X-ray taken at its hospital through an AI algorithm. While no data on the implementation has been published yet, doctors report that the tool influences their clinical decision-making about a third of the time, said Christopher Longhurst, M.D., UCSD Healths chief information officer.

The results to date are very encouraging, and were not seeing any unintended consequences, he said. Anecdotally, were feeling like its helpful, not hurtful.

RELATED:Headlines have touted AI over docs in reading medical images. New review finds evidence is limited

AI has advanced further in imaging than other areas of clinical medicine because radiological images have tons of data for algorithms to process, and more data makes the programs more effective, said Longhurst.

But while AI specialists have tried to get AI to do things like predict sepsis and acute respiratory distressresearchers at Johns Hopkins University recently won a National Science Foundation grantto use it to predict heart damage in COVID-19 patientsit has been easier to plug it into less risky areas such as hospital logistics.

In New York City, two major hospital systems are using AI-enabled algorithms to help them decide when and how patients should move into another phase of care or be sent home.

AtMount Sinai Health System, an artificial intelligence algorithm pinpoints which patients might be ready to be discharged from the hospital within 72 hours, said Robbie Freeman, vice president of clinical innovation at Mount Sinai. Freeman described the AIs suggestion as a conversation starter, meant to help assist clinicians working on patient cases decide what to do. AI isnt making the decisions.

NYU Langone Health has developed a similar AI model. It predicts whether a COVID-19 patient entering the hospital will suffer adverse events within the next four days, said Yindalon Aphinyanaphongs, M.D., Ph.D., who leads NYU Langones predictive analytics team.

The model will be run in a four- to six-week trial with patients randomized into two groups: one whose doctors will receive the alerts, and another whose doctors will not. The algorithm should help doctors generate a list of things that may predict whether patients are at risk for complications after theyre admitted to the hospital, Aphinyanaphongs said.

RELATED:Microsoft launches $40M AI for Health program to accelerate medical research

Some health systems are leery of rolling out a technology that requires clinical validation in the middle of a pandemic. Others say they didnt need AI to deal with the coronavirus.

Stanford Health Careis not using AI to manage hospitalized patients with COVID-19, saidRon Li, M.D., the centers medical informatics director for AI clinical integration. The San Francisco Bay Area hasnt seen the expected surge of patientswho would have provided the mass of data needed to make sure AI works on a population, he said.

Outside the hospital, AI-enabled risk factor modeling is being used to help health systems track patients who arent infected with the coronavirus but might be susceptible to complications if they contract COVID-19.

At Scripps Health in San Diego, clinicians are stratifying patients to assess their risk of getting COVID-19 and experiencing severe symptoms using a risk-scoring model that considers factors like age, chronic conditions and recent hospital visits. When a patient scores 7 or higher, a triage nurse reaches out with information about the coronavirus and may schedule an appointment.

Though emergencies provide unique opportunities to try out advanced tools, its essential for health systems to ensure doctors are comfortable with them, and to use the tools cautiously, with extensive testing and validation, Topol said.

When people are in the heat of battle and overstretched, it would be great to have an algorithm to support them, he said. We just have to make sure the algorithm and the AI tool isnt misleading, because lives are at stake here.

ThisKHNstory first published onCalifornia Healthline, a service of theCalifornia Health Care Foundation.Kaiser Health Newsis a nonprofit news service covering health issues. It is an editorially independent program of the Kaiser Family Foundation, which is not affiliated with Kaiser Permanente.

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Coronavirus tests the value of artificial intelligence in medicine - FierceHealthcare

Opinion: Artificial intelligence should be integrated into our workforce – Los Angeles Times

The recent news headlines have been scattered with multiple topics of discussion on Artificial Intelligence, or AI, and its wide application. Artificial Intelligence has been altering and mediating all forms of human interaction, ranging from companies/businesses in risk management to national security and warfare.

However, the pinnacle of debates seems to center around Americas workforce and the replacement of labor-intensive work with robots. According to Fortune, by 2030, more than 800 million jobs will be replaced. Numerous jobs of varying skill requirements are at risk of being replaced by machines.

Many technology companies such as Apple, Google and Uber have already undergone development for self-driving cars and the progress is alarming. Several car corporations such as Mercedes-Benz, Tesla and Waymo have already assimilated self-parking mechanics and self-driving car services as of right now. Transportation automation may risk 5.2 million jobs in the US alone, according to the Bureau of Transportation Statistics.

White-collared jobs are no safe-haven either. Journalists, lawyers, even medical researchers and doctors are at risk of losing their jobs. According to Forbes, computer creativity is taking leaps forward in all forms of art, including literature. Much of a lawyers job consists of contracting and document-scanning which can be done more efficiently and effectively by computers than humans can.

Many of todays most brilliant minds have said that artificial intelligence will be the downfall of humanity, however, we should not rush to such conclusions. In many cases, AI will not be replacing humans, but rather, will be aiding. There have been multiple examples of new machinery affecting an area of job security, yet in many cases, weve learned to adapt and make use of it.

In recent times, many people have shown disapproval of such artificial intelligence with violence and vandalism. There has been increased fear over job security with AI, but many seem to ignore any idea of a mixture of both the organic and inorganic in the workplace. AI can improve our labor force rather than replace it, and jobs will be reaffirmed to fit with these machines.

With this rise of technology, comes its ethics and AI will learn based on what we feed it. By giving such machines the tedious tasks that we do not wish to do, there is more time for creativity, flexibility and growth. For example, self-driving cars will replace drivers, but it will also open other jobs such as maintenance of these automobiles. In the same sense, AI will open new windows for the economy.

Joshua Nam, a sophomore at Van Nuys High School, is an avid computer programmer, and one of many minds that will be living in an era of AI integration. He responded positively to machine learning.

Artificial Intelligence can sometimes come up with ideas that we cant come up with ourselves, Nam said. It depends on whos controlling the AI. If there is a monopoly on AI, its not good, as one person can affect so many people. Were constantly moving in the future, [and] people can find other jobs that are more beneficial.

Not only limited to the auto industry, but AI will also benefit warehouse employees, security and medicine. Robots have become comparatively better at medical diagnosis than humans. As a result of the growing influence of artificial minds, they will become more effective than us at performing these tasks.

However, there will always be aspects of customer service and care that humans will be better at. When going to a hospital, people want to be comforted by people, and similarly, the human aspect of many jobs will never be replaced by a machine.

There are many unanswered questions about machines in a workspace such as a robot workers rights, changes in legal standards, laws written about safety, to say the least. At the end of the day, AI is an apparatus with wide application, but control lies in the hands of the user, us.

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Opinion: Artificial intelligence should be integrated into our workforce - Los Angeles Times

The Curator of the 2022 Bucharest Biennial Has Been Announced. Its Artificial Intelligence. No, Really – artnet News

The opening of the 2020 Bucharest Biennial may be delayed, but the next editions curator has no concerns. Thats because he or she or it is a robot.

Thats right: the chief curator of the 2022Bucharest Biennial is Jarvis, anartificial intelligence programin development from the Vienna-based studio Spinnwerk.

Named after the superhero Iron Mans AI butler, Jarvis will use deep learning in order to learn by itself from databases from universities, galleries, or art centers and select works that fit the chosen theme,Spinnwerk founder Razvan Ion told the Art Newspaper.

Jarviss curatorial choices, therefore, will be limited to artists who are already on the art worlds radar.

Instead of a traditional in-person exhibition, the show will take place in virtual reality, meaning that it will be accessible to anyone in the world who has access to a VR headset. VR booths will also be set up in Bucharest and Vienna.

The rise of the robot curator comes as something of a surprise given that just three years ago, experts were forecasting that jobs in the arts were safe from AI invasion. (The website Replaced by Robot!?still ranks curator as the 34th safest of 702 jobs, with only a .68 chance of automation.)

But since 2017, a robot artist namedAi-Da has generated $1 million in sales, andChristies sold an AI artworkat auction for an astonishing $432,50043 times its estimate.

This years edition of the Bucharest Biennial, titled Farewell to Research, will also be an online affair, at least for the time being.Organized by Henk Slager, a curator of the human variety, it was set to run May 28 to July 4.

Instead, two online eventsa curatorial workshop and a symposium titled Contemporary Art BiennialsOur Hegemonic Machines in States of Emergencywill take place from June 23 to 28.The official opening has been postponed until spring 2021.

The 10th Bucharest Biennale will be on view May 19July 17, 2022.

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The Curator of the 2022 Bucharest Biennial Has Been Announced. Its Artificial Intelligence. No, Really - artnet News

COVID-19 Impact: A Mix of Challenges and Opportunities | Artificial Intelligence-as-a-Service (AIaaS) Market 2020-2024 | Growing Adoption of Cloud…

LONDON--(BUSINESS WIRE)--Technavio has been monitoring the artificial intelligence-as-a-service (AIaaS) market and it is poised to grow by USD 15.14 billion during 2020-2024, progressing at a CAGR of over 48% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Alphabet Inc., Amazon.com Inc., Apple Inc., Intel Corp., International Business Machines Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., SAP SE, and SAS Institute Inc. are some of the major market participants. The growing adoption of cloud based solutions will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Growing adoption of cloud based solutions has been instrumental in driving the growth of the market.

Artificial Intelligence-as-a-Service (AIaaS) Market 2020-2024: Segmentation

Artificial Intelligence-as-a-Service (AIaaS) Market is segmented as below:

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41175

Artificial Intelligence-as-a-Service (AIaaS) Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our artificial intelligence-as-a-service (AIaaS) market report covers the following areas:

This study identifies the increasing adoption of AI in predictive analysis as one of the prime reasons driving the artificial intelligence-as-a-service (AIaaS) market growth during the next few years.

Artificial Intelligence-as-a-Service (AIaaS) Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the artificial intelligence-as-a-service (AIaaS) market, including some of the vendors such as Alphabet Inc., Amazon.com Inc., Apple Inc., Intel Corp., International Business Machines Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., SAP SE, and SAS Institute Inc. Backed with competitive intelligence and benchmarking, our research reports on the artificial intelligence-as-a-service (AIaaS) market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Artificial Intelligence-as-a-Service (AIaaS) Market 2020-2024: Key Highlights

Table Of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by End-user

Customer Landscape

Geographic Landscape

Drivers, Challenges, and Trends

Vendor Landscape

Vendor Analysis

Appendix

Scope of the report

Currency conversion rates for US$

Research methodology

List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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COVID-19 Impact: A Mix of Challenges and Opportunities | Artificial Intelligence-as-a-Service (AIaaS) Market 2020-2024 | Growing Adoption of Cloud...

How artificial intelligence is keeping time-critical shipments on track during pandemic – FreightWaves

Consumers are seeing and feeling the impact of COVID-19 supply chain interruptions and delays in their everyday lives, from shortages of paper goods and cleaning supplies in grocery stores, to rising prices for beef and poultry.

For specialized industries such as health care and aerospace, however, the stakes of supply chain interruptions and service failures have perhaps never been higher. So far the traditional hub-and-spoke time-critical logistics industry has largely struggled to adapt, while newer technology-enabled models in the industry are showing significant promise to perform in a crisis.

Artificial intelligence (AI) platforms in particular have shown remarkable resilience during the COVID-19 crisis and the ability to quickly pivot shipments with minimal delays and service failures. California-based Airspace Technologies was one of the first logistics providers in the time-critical space to implement a breakthrough AI-powered platform that they say has enabled them to swiftly adjust operations without interruptions to their 24/7, 365-days-a-year services.

Airspace was built with moments like these in mind. It was designed to perform in a crisis when time is of the essence and lives and entire industries are quite literally on the line, said Airspace Technologies CEO and co-founder Nick Bulcao.

With years of experience specializing in urgent medical deliveries, such as organs for transplant, as well as aerospace parts for downed aircraft, Airspace says they have noticed a significant impact on their business as elective surgeries are delayed and less aircraft are flying. But the automated, AI-driven software that is the heartbeat of their operations has made adjusting to the new realities of the industry immensely more manageable.

With lives on the line, Airspace moved quickly to set up new shipment networks and routes each day to begin transporting urgently needed COVID-19 test kits, blood and plasma units, and vital organs for transplant to get where they need to go. Their fully transparent, automated software platform also allows minute-by-minute real-time tracking of deliveries, so hospitals and labs know exactly where kits or urgent supplies are and when they will arrive.

Airspace is currently making between 250 and 300 health care-related deliveries each day, and has transported as many as 30 organs in just one week.

The companys aerospace parts delivery business has had its own heroic moments during the COVID-19 crisis. An independent delivery driver for Airspace in the Bay Area recounted a harrowing incident last month in which he was asked to make a critical aerospace part delivery not to an airport, but to Stanford University Medical Center instead. Sensing the urgency of the moment, the driver immediately retrieved the part and made his way to the hospital.

Arriving two hours earlier than expected, I called my point of contact, who was still over an hour away. After some coordination with the engineer and hospital staff, I handed over the critical part for the medevac helicopter stranded on the hospital roof to a nurse instead helping get the lifesaving equipment back in the air ahead of schedule, said Bryan Sperry, 61, the driver.

Airspace says software also allowed them to protect workers by rapidly transitioning their team to fully remote operations across the United States.

The key was doing so with zero disruption to our round-the-clock operations and with full capabilities still in place, said Ryan Rusnak, Airspace co-founder and chief technology officer. After some planning, it took the team less than 36 hours to make a complete transition. Theyre now remotely continuing to provide the seamless, end-to-end experience our customers expect.

The transition and dramatic decline in passenger flights has not been without its challenges, though. Fewer passenger flights means fewer routing options, often accompanied by delays that can be costly for customers. That is where the power of the AI platform can often make the biggest difference, Airspace says.

One of the key features of their AI software is an automated delay declaration, which allows the operations team to quickly pivot to the next optimal routing if an order experiences a flight delay even in the middle of a trip. For example, on one day in March this year, amid more than 100 flight cancellations at the Las Vegas airport, Airspaces technology allowed the company to reduce disruption to critical deliveries to less than 38-minute average delays, while over 60% of orders there experienced no delays at all.

The rapidly changing dynamics as a result of the COVID-19 pandemic have created enormous challenges across industries and supply chains, but the power of AI to keep industry and lifesaving goods and services moving in a crisis has shown a positive path toward maintaining affordability, speed, reliability and transparency in urgent logistics.

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How artificial intelligence is keeping time-critical shipments on track during pandemic - FreightWaves

Rimini Street Speeds Software Issue Resolution by 23% with New Artificial Intelligence Applications – Business Wire

LAS VEGAS--(BUSINESS WIRE)--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today announced that it has reduced software issue resolution times by 23% using its new patent pending Rimini Street Artificial Intelligence Support Applications (AI Applications), and that to date the AI Applications have won two awards for innovation and achievement in customer service. The new AI Applications are a result of Rimini Streets continued investment in optimizing support processes and ensuring global service delivery outcomes at scale.

Delivering a Better Client Experience Through Artificial Intelligence

The Rimini Street Artificial Intelligence Support Applications were developed by Rimini Streets Global Service Delivery Innovation Team, whose mission is to invent innovative solutions that further enhance a clients overall service experience. Built using open source technologies, the AI Applications can be integrated into support processes along with other new AI Applications when they become available.

The AI Applications provide specific, unique data insights and intelligence to seamlessly accelerate better client service and support outcomes. Initial AI Applications include:

The AI Applications are built on Rimini Streets Artificial Intelligence Platform which includes infrastructure, tools, algorithms and data used to build, train and run the AI Applications that are always learning to translate information into actionable insights that enable better service delivery.

Rimini Streets AI Applications have already delivered substantial service benefits to clients, including accelerating case resolution times by an average of 23% and providing an even faster, more efficient case resolution process than previously experienced.

Rimini Street showed us what they were doing with AI early on and how they were using this advanced platform in their daily support operations; we are now personally experiencing the benefits of this platform including faster time to resolution for our support issues, said Jay Fisher, CIO, BrandSafway. We initiated our partnership with Rimini Street over five years ago, and as our experiences have been positive, we have expanded our support to include other applications. The Company continues to be a great partner and trusted adviser, helping us meet the different challenges of maintaining our enterprise software system while delivering quality support and helping us improve our business outcomes.

Building on Rimini Streets Award-Winning Support Delivery Model

The Rimini Street AI Support Applications have already won two awards a Stevie Sales and Customer Service Award for Innovation in Customer Service and a Stevie American Business Award for Achievement in Customer Satisfaction and build on the Companys successful, award-winning support delivery model. The Companys Global Service Delivery team is comprised of more than 600 full-time, highly experienced software support engineers based in 17 countries, providing 24/7/365 coverage. When a client switches to Rimini Street support, they are assigned a Primary Support Engineer (PSE) with an average of 15 years experience in their particular software system, who is backed by a team of functional and technical experts. In addition, the Company leads the support industry with its service level agreement (SLA) of 15-minute response times for Priority 1 critical cases, and 30 minutes for Priority 2 cases, and consistently achieves scores of 4.8 out of 5.0 (where 5.0 is excellent) on its client satisfaction surveys.

The Rimini Street AI Support Applications leverage what industry analysts refer to as a pragmatic AI approach, which is designed to enhance the human connection versus automation that replaces human interaction in the customer service process, such as chatbots to manage inquiries. The AI Applications solve real-world challenges using machine learning and natural language processing technologies, each with a specific function as it relates to customer service. The work done by the AI Applications happens seamlessly in the background and does not require any action by the client.

Our vision for Rimini Streets AI Support Applications is to deliver an even more proactive and responsive support program that continually resets the bar for excellence in enterprise software support, said Brian Slepko, executive vice president, Global Service Delivery, Rimini Street. Rimini Street is making the investments required to ensure optimized client outcomes globally at scale. This latest achievement from Rimini Streets Global Service Delivery Innovation Team underscores the value of our focus on support innovation and the mission to provide clients with the right support engineering team, at the right time, in the right geography to deliver the right solution.

About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner. The Company offers premium, ultra-responsive and integrated application management and support services that enable enterprise software licensees to save significant costs, free up resources for innovation and achieve better business outcomes. Nearly 2,100 global Fortune 500, midmarket, public sector and other organizations from a broad range of industries rely on Rimini Street as their trusted application enterprise software products and services provider. To learn more, please visit http://www.riministreet.com, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn. (IR-RMNI)

Forward-Looking Statements

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as may, should, would, plan, intend, anticipate, believe, estimate, predict, potential, seem, seek, continue, future, will, expect, outlook or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Streets business, and actual results may differ materially. These risks and uncertainties include, but are not limited to: the unknown duration and economic, operational and financial impacts on our business of the COVID-19 pandemic and the actions taken by governmental authorities, clients or others in response to the COVID-19 pandemic; catastrophic events that disrupt our business or that of our current and prospective clients; changes in the business environment in which Rimini Street operates, including inflation and interest rates, and general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates; adverse developments in pending litigation or in the government inquiry or any new litigation; our need and ability to raise additional equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth initiatives; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the terms and impact of our outstanding 13.00% Series A Preferred Stock; changes in taxes, laws and regulations; competitive product and pricing activity; difficulties of managing growth profitably; the customer adoption of our recently introduced products and services, including our Application Management Services (AMS), Rimini Street Advanced Database Security, and services for Salesforce Sales Cloud and Service Cloud products, in addition to other products and services we expect to introduce in the near future; the loss of one or more members of Rimini Streets management team; uncertainty as to the long-term value of Rimini Streets equity securities; and those discussed under the heading Risk Factors in Rimini Streets Quarterly Report on Form 10-Q filed on May 7, 2020, and as updated from time to time by Rimini Streets future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Streets expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Streets assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Streets assessments as of any date subsequent to the date of this communication.

2020 Rimini Street, Inc. All rights reserved. Rimini Street is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

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Rimini Street Speeds Software Issue Resolution by 23% with New Artificial Intelligence Applications - Business Wire