Leading market players are investing heavily in research and development to expand their product lines, which will help the enterprise artificial intelligence market grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The Enterprise Artificial Intelligence industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global Enterprise Artificial Intelligence industry to benefit clients and increase the market sector. The Enterprise Artificial Intelligence industry has offered some of the most significant advantages in recent years. Major players in the Enterprise Artificial Intelligence market, including SAS Institute (U.S.), International Business Machines, Corporation (U.S.), Microsoft Corporation (U.S.), Amazon Web Services (U.S.), Intel Corporation (U.S.)., and others, are attempting to increase market demand by investing in research and development operations.
The International Business Machines Corporation, nicknamed Big Blue, is an American multinational technology corporation headquartered in Armonk, New York, and is present in over 175 countries. IBM specializes in Cloud, Mobile, Cognitive, Security, Research, Watson, Analytics, Consulting, Commerce, Experience Design, the Internet of Things, Technology support, Industry solutions, Systems services, Resiliency services, Financing, and IT infrastructure. IBM partnered with Apple Inc. to make sure its AI offerings are clear. The IBM Watson Data Kit was introduced as part of the agreement, and other offerings were presented during IBM Think 2018, a technology conference held in Las Vegas.
The major firms are always innovating and investing in research and development to deliver a cost-effective portfolio. There have been recent mergers and acquisitions among the major players intending to extend the reach of the companies to their clients.
Nuance Communications, Inc. is an American multinational computer software technology corporation headquartered in Burlington, Massachusetts that markets speech recognition and artificial intelligence software. The company delivers solutions that understand, analyze and respond to human language, amplifying human intelligence. With decades of domain and artificial intelligence expertise, Nuance works with thousands of organizations – in healthcare, telecommunications, automotive, financial services, retail, and more. In march 2022, Nuance Communications Inc., a leader in conversational AI and ambient intelligence across industries such as healthcare, financial services, retail, and telecommunications, was acquired by Microsoft Corp.
With our security-focused, cloud-based solutions integrated with strong, vertically optimized AI, Microsoft and Nuance will empower enterprises across industries to accelerate their business goals with our outcomes-based AI.
