Press Releases

The Linux Foundation Launches Open FinTech Forum: AI, Blockchain, Kubernetes & Quantum on Wall Street

SAN FRANCISCO, Feb. 13, 2018 /PRNewswire-USNewswire/ — The Linux Foundation, the nonprofit organization enabling mass innovation through open source, today announced the launch of a new event, Open FinTech Forum: AI, Blockchain, Kubernetes & Quantum on Wall Street (OFTF), taking place October 10-11, 2018 in New York City.

The Linux Foundation logo

OFTF will bring CIOs and senior technologists from financial services firms together with open source community maintainers and strategists to learn about building internal open source programs and get an in depth look at how to use the most disruptive open source technologies of the moment to drive efficiency and flexibility; enable new products, services and capabilities; strengthen license compliance; and attract and maintain top talent.

“We’ve created this event in part because we’re seeing strong interest from the financial services industry in contributing to projects like Hyperledger, Cloud Foundry Foundation, Cloud Native Computing Foundation, OpenMAMA and others,” said Jim Zemlin, Executive Director of The Linux Foundation. “We want others to understand how they can be involved in open source as they evolve their own solutions. Open FinTech Forum will provide an opportunity for financial services firms to continue to learn the best ways to consume, and contribute to, open source technologies.”

The two day forum will feature technical tracks on:

  • Artificial Intelligence
  • Blockchain/Distributed Ledger
  • Kubernetes, Containers & Cloud Native Apps
  • Networking
  • Quantum Computing

There will also be an in depth tutorial on building internal open source programs.

The Linux Foundation in accepting proposals for sessions through July 13, 2018 at 11:59 pm PT.

Registration is now open, and options include one day passes for tutorials on October 10th or keynotes and technical tracks on October 11, as well as a combo pass for both days. As with all Linux Foundation events, diversity and needs-based scholarships are available.

The Linux Foundation events are where the world’s leading technologists meet, collaborate, learn and network to advance innovations that support the world’s largest shared technologies.

Members of the media who would like to request a press pass to attend should contact Dan Brown at

Additional Resources
YouTube: Why Attend Linux Foundation Events (

About The Linux Foundation
The Linux Foundation is the organization of choice for the world’s top developers and companies to build ecosystems that accelerate open technology development and industry adoption. Together with the worldwide open source community, it is solving the hardest technology problems by creating the largest shared technology investment in history. Founded in 2000, The Linux Foundation today provides tools, training and events to scale any open source project, which together deliver an economic impact not achievable by any one company. More information can be found at

The Linux Foundation has registered trademarks and uses trademarks. For a list of trademarks of The Linux Foundation, please see our trademark usage page:

Linux is a registered trademark of Linus Torvalds.

Media Contact:
Dan Brown
The Linux Foundation

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Revionics to Present on Science-Based Pricing and New Global Shopper Research at EuroCIS 2018 which Bust Shopper Retail Myths around Pricing and Promotions

AUSTIN, Texas, Feb. 13, 2018 /PRNewswire/ — With retailers globally facing digital disruption, aggressive cross-border competition and the growing omni-channel world which has amped up the competitive landscape, retailers’ very ability to survive depends on effectively analyzing data to truly know their shoppers and to offer highly targeted prices and offers that attract customer loyalty while enabling sustainable business models. At EuroCIS 2018 Revionics experts will provide valuable, actionable insight on artificial intelligence/machine-learning price optimization. They will explode long-standing retail myths and present shoppers’ true views of their pricing perceptions, preferences and tolerances from a recently completed Revionics-commissioned global shopper survey conducted by Forrester Consultingi.

Revionics (PRNewsFoto/Revionics, Inc.) (PRNewsFoto/Revionics, Inc.)

At EuroCIS, which is 27 February – 01 March 2018 in Dusseldorf, Germany, Revionics retail experts will be at Stand C36/Hall 9 to demonstrate why science-based price and promotion optimization is no longer a luxury, but instead a critical part of a retailer’s overall business strategy to continue growth, gain market share and compete for optimal business results. 

Revionics will spotlight its Price, Promotion and Markdown optimization solutions, including the new Promotion Performance Analysis (PPA) that leverages machine-learning science to measure the true effectiveness of a retailer’s promotions.  This allows retailers to eliminate poor performers while continuing to execute high-performing promotions and improve the ones in between.  In addition, Metro Systems GmbH Domain Owner Pricing Oliver Dusso, a Revionics customer, will be available at the Revionics stand 36/Hall 9 from 14:00-15:00 p.m. CET on February 27 for a question-and-answer session on the topic of “The Role of Price Optimization in Metro’s Strategy.”

Revionics’ EuroCIS Presentations: 

AI/Machine-Learning Pricing: Why Retailers Are Saying It’s No Longer Optional

Date/Location: 28 February 2018 from 16:00 to 16:30 p.m. CET | EuroCIS Forum

Speaker: Anastasia Laska, VP of Marketing EMEA, Revionics, Inc. and Ales Drabek, Chief Digital and Disruption Officer, Conrad Electronic SE

Gone are the days of long lead times, limited data sources and success through spreadsheets. To remain relevant in today’s turbulent landscape, retailers must adopt science-based pricing. This discussion will show why AI/machine learning science-based pricing is no longer a luxury for retailers but instead is an imperative. Retailers will gain key insights into how to price more strategically, see past the myths around dynamic pricing and respond faster to shifts in competitive response, shopper behavior and market dynamics to unlock the secrets for a win/win for both you and the shopper.  Conrad Electronic will testify to their experience and path to success in the challenging landscape of the consumer electronics market. 

Retail Pricing Myths Debunked by Shoppers

Date/Location: 28 February 2018 from 16:30 – 17:00 p.m. CET | Omnichannel Forum

Speaker: Cheryl Sullivan, Chief Marketing and Strategy Officer, Revionics, Inc.

Recent Revionics-commissioned global shopper studies by Forrester Consultingii reveal insight into shoppers’ views around different pricing and promotions practices, including their views on retailers’ use of data science to determine prices, dynamic pricing and price matching practices.  The research also sheds light on shoppers’ tolerances for price increases during competitive stock outs, what drives their loyalty, key factors they look for when selecting where to shop, how they view and respond to spot offers, and much more.  This session reveals shocking findings from both studies at a global and by-country level, providing key insights that can be leveraged to hone pricing strategies, more effectively engage your shoppers, and successfully compete in today’s shopper-centric world.

To learn more or to schedule a meeting with a Revionics expert, please click here or visit

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.@Revionics excited to present & connect w/ #retailers at @EuroCIS about #RetailPricing – sessions will do a deep dive into AI/machine learning pricing & debunking retail pricing myths highlighting results from a @forrester shopper study

About Revionics, Inc.

Revionics is a global SaaS provider of science-based pricing, promotion, space and competitive insight for innovative retailers.

Revionics helps retailers around the world gain a competitive edge by managing and optimizing their pricing, promotions, markdowns, and space. Created by retail experts, Revionics’ cloud-based SaaS solutions deliver amazing year-over-year ROI with an attractive total cost of ownership.

Embracing the retail and science in its core DNA, Revionics delivers machine learning solutions that retailers use to translate shopper insights and competitive response into high-impact results. With Revionics, retailers gain leading-edge capabilities, an invested partner and an evolving solution for today’s dynamic retail landscape.

Predictive. Prescriptive. Profitable Retailing. Expect Nothing Less.

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i “Demystifying Price and Promotion,” a commissioned study conducted by Forrester Consulting on behalf of Revionics, September 2017.

ii “Understanding Retail Customers’ Pricing Expectations and Tolerances,” May 2017 and “Demystifying Price and Promotion,” November 2017, commissioned studies conducted by Forrester Consulting on behalf of Revionics.

Media Contacts:
Alison Raffalovich for Revionics
Senior Director, Corporate Communications
Phone: +1 (512) 826-0538


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eBay Hires Jan Pedersen as Chief Scientist, Artificial Intelligence

SAN JOSE, Calif., Feb. 13, 2018 /PRNewswire/ — eBay Inc. (NASDAQ: EBAY), a global commerce leader, has hired Jan Pedersen as vice president and chief scientist, Artificial Intelligence (AI). Pedersen will lead the company’s AI strategy, including computer vision, natural language understanding and machine learning, to deliver new customer experiences across the eBay platform.

Jan Pedersen, Chief Scientist, Artificial Intelligence at eBay

“Jan is a true pioneer in the industry, with over thirty years developing search, deep learning, machine learning and AI technologies at scale,” said Devin Wenig, president and CEO of eBay Inc. “He joins us at a pivotal moment when AI sciences including computer vision and deep learning are now capable of transforming personalized, immersive shopping experiences. eBay runs on AI and our continued innovation under Jan’s leadership will transform each meaningful moment we have with our buyers and sellers.”

Pedersen will be responsible for charting eBay’s technology strategy as it relates to AI, including enhanced ways in which eBay interacts with its consumers. He will set the agenda for AI R&D investments, lead a team of research, data and applied scientists and further our leadership in AI-enabled commerce.

Pedersen’s most recent position was vice president of data science at Twitter where he led the company’s investment in machine learning infrastructure and data analytics. Prior to that, he spent close to a decade at Microsoft in various search related leadership roles and was a technical fellow and chief scientist for Core Search.

His distinguished career began at Xerox’s Palo Alto Research Center (PARC) and he has held chief scientist roles at AltaVista, Yahoo, and A9. Credited with numerous patents, Pedersen holds a Ph.D. in statistics from Stanford University. 

Pedersen will be based out of eBay Inc.’s San Jose, CA headquarters and will report to Steve Fisher, CTO of eBay Inc.  He officially joins the company on February 20.

About eBay

eBay Inc. (NASDAQ: EBAY) is a global commerce leader including the Marketplace, StubHub and Classifieds platforms. Collectively, we connect millions of buyers and sellers around the world, empowering people and creating opportunity through Connected Commerce. Founded in 1995 in San Jose, Calif., eBay is one of the world’s largest and most vibrant marketplaces for discovering great value and unique selection. In 2017, eBay enabled $88 billion of gross merchandise volume. For more information about the company and its global portfolio of online brands, visit


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Oracle IoT Cloud for Industry 4.0 Helps Organizations Make Dramatic Process Improvements for More Intelligent Supply Chains

NEW YORK, Feb. 13, 2018 /PRNewswire/ — Oracle Modern Finance Experience — Empowering modern businesses to improve production intelligence and market responsiveness, Oracle today unveiled new Industry 4.0 capabilities for Oracle Internet of Things (IoT) Cloud. The advanced monitoring and analytics capabilities of the new offering enables organizations to improve efficiency, reduce costs, and identify new sources of revenue through advanced tracking of assets, workers, and vehicles; real-time issue detection; and predictive analytics.

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According to The Economist Intelligence Unit, 63 percent of manufacturers have either undergone substantial digital transformation or are in the process of transforming parts of their organization, and 19 percent are developing transformation strategies. To remain competitive in the modern economy, businesses need to leverage new technologies and data to modernize their supply chains and improve visibility, predictive insights, and automation through connected workflows.

With new augmented reality, machine vision, digital twin and data science capabilities, Oracle IoT Cloud enables organizations to gain rich insight into the performance of assets, machines, workers, and vehicles so they can optimize their supply chain, manufacturing, and logistics, reduce time to market for new products; and enable new business models.  

“IoT is the great enabler of Industry 4.0’s potential, providing real-time visibility and responsiveness at every step of the production process – from raw materials to customer fulfillment,” said Bhagat Nainani, group vice president, IoT Applications at Oracle. “Oracle empowers organizations to create smart factories and modern supply chains with seamless interaction models between business applications and physical equipment. By receiving real-time data streams enhanced with predictive insights, our IoT applications provide intelligent business processes that deliver quick ROI.”

Today’s expansion follows the recent announcement of artificial Intelligence, digital thread and digital twin for supply chain, as well as industry-specific solutions for Oracle IoT Cloud. Oracle IoT Cloud is offered both as Software-as-a-Service (SaaS) applications, as well as Platform-as-a-Service (PaaS) offerings, enabling a high degree of adaptability for even the most demanding implementations.

“We plan to leverage Oracle IoT Cloud and its machine learning capabilities to automatically analyze information gathered from the robot and process-monitoring systems. These analytics could help Noble identify ways to reduce cycle time, improve the manufacturing process, enhance product quality, and cut downtime,” said Scott Rogers, technical director at Noble Plastics.

Oracle plans to add the new capabilities across the entire range of IoT Cloud Applications – Asset Monitoring, Production Monitoring, Fleet Monitoring, Connected Worker, and Service Monitoring for Connected Assets:

  • Digital Twin: Enables remote users to monitor the health of assets and prevent failures before they occur, as well as running simulations of “what-if” scenarios in the context of the business processes. With Digital Twin, organizations have a new operational paradigm to interact with the physical world, allowing lower operational and capital expenditures, minimizing downtime, and optimizing asset performance.
  • Augmented Reality: Gives operators and plant managers the ability to view operational metrics and related equipment information in the context of the physical asset for faster troubleshooting and assisted maintenance. In addition, the use of AR in training technicians reduces errors and on-boarding time, and improves user productivity.
  • Machine Vision: Provides detailed non-intrusive visual inspections, which can detect defects invisible to the naked eye, at high speed and scale. Following the rapid inspection, Machine Vision sets in motion appropriate corrective actions when anomalies and errors are spotted.
  • Auto Data Science: Automated business-specific data science and artificial intelligence algorithms continuously analyze asset utilization, production yield and quantity, inventory, fleet performance, as well as worker safety concerns, to predict issues before they arise. Auto Data Science features enable users to see performance metrics of each step in the modern supply chain with the ability to drill down into specific issues at each location without employing an army of data scientists.

Oracle IoT Cloud enables companies to monitor capital intensive assets to reduce downtime and servicing costs, and track utilization for accurate lifecycle insights and asset depreciation data, which improves enterprise procurement efficiency. The rich pool of data created by sensors within products enables organizations to offer their products as a service, gain insight into how customers are using their products, and offer improved value-added services that drive new sources of revenue.

About Oracle
The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor
The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle Corporation.


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Oracle Powers the Next Generation of Finance with New Artificial Intelligence Applications

NEW YORK, Feb. 13, 2018 /PRNewswire/ — Modern Finance Experience 2018 — To empower the office of the CFO with data-driven insights they need to adapt to change, capitalize on new market opportunities, and increase profitability, Oracle today announced new artificial intelligence-based applications for finance. By applying advanced data science and machine learning to data from the Oracle Data Cloud and from partners, the new Oracle Adaptive Intelligent Applications for Enterprise Resource Planning (ERP) help automate transactional work and streamline business processes.

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Oracle Adaptive Intelligent Applications for ERP are designed to enhance existing applications, including financials, procurement, enterprise performance management, order management, and manufacturing within the ERP Cloud suite.

CFOs and modern finance professionals are under pressure to increase the agility and effectiveness of their organizations. As such, they need to constantly monitor and assess what is working and what is not and redeploy resources for maximum returns.

“To increase their agility, organizations need to leverage the right tools to help improve process efficiency and uncover insights that can guide a business forward,” said Rondy Ng, senior vice president, Oracle Applications Development. “Oracle helps finance leaders drive business transformation with ready-to-go applications that combine advanced machine learning with the industry’s most comprehensive suite of cloud applications to deliver immediate value and results.”

With Oracle Adaptive Intelligent Applications for ERP, finance leaders can benefit from:

  • Better insight: Applying analytics and artificial intelligence to finance can improve performance and increases agility across payables, receivables, procurement, and fiscal period close processes. Intelligent applications are also able to provide suggested actions to help mitigate vendor risk and fraud activity by detecting exceptions in vendor selection criteria.
  • Greater efficiency: Robotic process automation and artificial intelligence capabilities enable touchless transaction processing, minimizing the chance of human error.
  • Smarter business outcomes: Oracle delivers immediate impact by infusing machine learning across the entire suite of business applications; this is done by leveraging data from the Oracle Data Cloud and from partners to derive insights across multiple channels and platforms, including finance, HR, and project management to support strategic business decision-making.
  • Increased influence: The rich insights available to finance leaders via artificial intelligence empower CFOs to anticipate what comes next for the business and to make wise decisions, increasing the influence of the CFO and finance team in the organization.

For example, using Oracle Adaptive Intelligent Applications for ERP can help a finance team at a large national retail brand collect first-party data on their suppliers, such as supplier purchase history, percentage of revenue, discounts taken with third-party data on supplier revenue, credit score, and other company attributes. The finance organization can then decide which suppliers to double down on and which to cease doing business with for maximum cost savings, while maintaining quality standards. The ability to quickly fine tune the business based on data-driven insights will increase the finance function’s value in the organization and CEOs will increasingly rely on the CFO and finance team for strategic recommendations to improve business performance.

By applying advanced data science and machine learning to Oracle’s web-scale data and an organization’s own data, the new Adaptive Intelligent Apps can react, learn, and adapt in real time based on historical and dynamic data, while continuously delivering better business insights.

According to the Gartner report, “Impacts of Artificial Intelligence on Financial Management Applications,” written by Nigel Rayner and Christopher Iervolino, “The transformational potential of AI in financial management applications will come in the next two to three years as more AI technologies are embedded directly into financial management processes to automate complex, non-routine activities with little or no human intervention. Also, using AI to improve the accuracy and effectiveness of financial forecasting and planning will transform these processes.”1

The Oracle Adaptive Intelligent Apps are built into the existing Oracle Cloud Applications to deliver the industry’s most powerful AI-based modern business applications across finance, human resources, supply chain and manufacturing, commerce, customer service, marketing, and sales. The apps are powered by insights from the Oracle Data Cloud, which is the largest third-party data marketplace in the world with a collection of more than 5 billion global consumer and business IDs and more than 7.5 trillion data points collected monthly.

About Oracle
The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE:ORCL), please visit us at

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor Disclaimer
The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle Corporation.

Statements in this article relating to Oracle’s future plans, expectations, beliefs, and intentions are “forward-looking statements” and are subject to material risks and uncertainties. Such statements are based on Oracle’s current expectations and assumptions, some of which are beyond Oracle’s control. All information in this article is current as of October 2, 2017 and Oracle undertakes no duty to update any statement in light of new information or future events.

1 Gartner Report: “Impacts of Artificial Intelligence on Financial Management Applications,” Analysts Nigel Rayner, Christopher Iervolino, Published November 7, 2017.


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Global Digital Transformation on the Building and Construction Sector, Forecast to 2025

LONDON, Feb. 13, 2018 /PRNewswire/ — Digitalization, Analytics, Smart Assets, and Materials Key Toward Smart Construction

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Digital transformation journey has to be adopted in order to stay competitive. The building and construction industry productivity in general is largely left behind, compared to other industries, due to the slow digital transformation movement.

Poor planning, lack of automation, insufficient communication, inadequate risk management, and unsophisticated supply chain practices are the major factors hampering productivity and causing significant cost and time overruns.

The need to boost productivity, coupled with the need to minimize project overruns and the reliance on unskilled labor, is the top driver for IT adoption in the construction industry. In addition, the combination of new mega trends like urbanization, connectivity & convergence, smart is the new green, artificial intelligence, and other social trends are driving transformational changes in the industry. Ultimately, the move toward digital transformation will be inevitable for the building and construction industry.

Research Highlights
Digital transformation in the construction industry focuses on three key areas:
i) Big data: management of bulk data, allowing information sharing on transparent and accountable platforms and processes, encouraging a collaborative and inclusive decision-making process, as well as better analysis and prediction;
ii) Automation: facilitates competitiveness, reduces unpredictability that contributes to time and cost overruns, and improves resiliency to threats and interruptions; and
iii) Standardization: leads to efficient resource management, simplifies operations and supply chain, minimizes waste and boost efficiency, and facilitates innovation and sustainability. Despite the increasing availability of digital solutions, the industry has to overcome the challenge of rolling out technology across multiple sites, subsectors, and stakeholders. The way forward will be a platform that promotes interoperability. The regulatory framework has to be strengthened as well and the overall perception of industry stakeholders has to be debunked to enhance awareness and the willingness to invest in this digital transformation journey.

This analysis on current building and construction industry journey towards digital transformation shows the fundamental issues in the industry and identify achievable digital transformation opportunities. Case studies and examples of current digital transformation implementations are provided to showcase possible applications.

Key Issues Addressed
• What are the industry challenges that can to be solved with digital transformation?
• What will happen to companies that cannot keep up with digital transformation? Who will win? Who will be threatened by them?
• What are the customer values by adopting digital transformation in the building and construction sector?
• What are the growth opportunities? Who are the key providers of digital transformation within the building and construction sector?
• Why must digital transformation be a part of the company’s corporate strategy? What are the innovative business models that can be mirrored?

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FinTech-Growth Opportunities in the Global Market

LONDON, Feb. 13, 2018 /PRNewswire/ —

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Technology-enabled financial products and services are disrupting the FinTech industry. The new products, services, and solutions are equipped with advanced technologies such as cloud, Internet of Things (IoT), analytics, artificial intelligence (AI), and machine language (ML).

The objectives of the study are to explore:
• The emerging products and services
• The trends in the tech-enabled sub-segments of the financial services industry
• The drivers and restraints in the new ecosystem
• Trends across different regions
• Growth opportunities across the industry

Research Benefits
The use of technology across the financial services industry is growing. Some of the more popular products and services are likely to be the ones that serve previously untapped market segments. Trends that are unique to local markets tend to stand out and find greater acceptance by the consumers.

Similarly, start-ups with unique value propositions and strong technology back-up will do well. Incumbents across the world are slow to respond to these trends; however, there are clearly some outliers. The research provides insights into strategic and positioning decisions and discusses growth opportunities across different areas such as technology, business models, services, and products. Different stakeholders in the industry use different methods to stay relevant in a changing marketplace.

For instance, they may:
• Launch new products and services
• Partner with other companies in the ecosystem to achieve significant and rapid changes
• Increase the use of tech-enabled solutions across all functions
• Invest in research to experiment with new technologies
• Assess consumer demand to design products and services

Key Issues Addressed
• What are the key sub-segments in the financial services industry?
• What kind of growth can be expected for these key sub-segments?
• What are the significant growth opportunities in the industry over the next two to three years?
• What is the impact of global Mega Trends, disruptive technologies, and new business models on the future of the market?
• What are the trends across different regions globally?

Key Conclusion
Disruptions in the financial services industry can be witnessed across a wide range of segments. The emergence of services such as PayTech, RegTech, InsurTech, and digital banking highlight the ways in which digitalization has impacted the industry. As consumers demand improved access and anytime-anywhere services, governments and regulators are striving to lower costs and achieve greater transparency by using technology. Going forward, many innovative solutions can be expected as different stakeholders in the industry collaborate to enhance industry performance.

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Artificial Intelligence in Marketing Market Worth 40.09 Billion USD by 2025

PUNE, India, February 13, 2018 /PRNewswire/ —

According to the “Artificial Intelligence in Marketing Market by Offering (Hardware, Software, Services), Technology (Machine Learning, Context-Aware Computing, NLP, Computer Vision), Deployment Type, Application, End-User Industry, and Geography – Global Forecast to 2025”, published by MarketsandMarkets™, the market is expected to be valued at USD 6.46 Billion in 2018 and is likely to reach USD 40.09 Billion by 2025, at a CAGR of 29.79% during the forecast period. Growth in the adoption of customer-centric marketing strategies, increase in demand for virtual assistants, and increased use of social media for advertising are the major factors driving the demand for AI-based marketing and sales solutions.

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Software to hold largest share of AI in marketing market by 2025 

Software holds a major share of the overall AI in marketing market owing to the developments in AI software and related software development kits. AI systems require different types of software, including application program interfaces, such as language, speech, vision, and sensor data, along with machine learning algorithms, to realize various applications for sales and marketing. Software platforms and solutions are available at high costs as there are limited number of experts that develop machine learning algorithms.

Market for cloud deployment to grow at higher CAGR between 2018 and 2025 

Several businesses have already moved part of their operations to the cloud, which has encouraged vendors to develop cloud-based solutions. Migrating to the cloud has benefits such as enhanced flexibility, control, and scalability. Cloud deployment significantly reduces the capital investment required to implement AI-based solutions for marketing and sales; this is one of the major reasons for the increased demand for cloud-based solutions from most enterprises.

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North America to hold major share of AI in marketing market in 2018 

North America is expected to account for the largest share of the overall AI in marketing market in 2018. North America is the largest contributor to the adoption and implementation of AI in marketing. The region, including the US and Canada, has shown increased investments in the market, and several vendors have evolved to cater to the rapidly growing market. Considerable growth is expected in the region during the forecast period owing to the growing adoption of AI among physically present retail stores, as well as the ongoing research and pilot projects by North American companies.

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Companies covered in the AI in marketing market report are NVIDIA (US), Intel (US), IBM (US), Micron (US), Samsung Electronics (Korea), Xilinx (US), Amazon (US), Alphabet (US), Facebook (US), Microsoft (US), Salesforce(US), Baidu (China), Sentient Technologies (US), Albert Technologies (Israel), and Oculus360 (US). Some of the other key companies included in the report are Twitter (US), Oracle (US), InsideSales (US), Persado (US), Mariana (US), Drawbridge (US), Narrative Science (US), Appier (US), GumGum (US), and Zensed (Sweden).

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Deep Learning Market by Application (Image Recognition, Signal Recognition, Data Mining), Offering (Hardware (Von Neumann and Neuromorphic Chip), and Software), End-User Industry, and Geography – Global Forecasts to 2022

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Semiconductor Leaders Say Artificial Intelligence, Cloud And IoT To Have Greater Impact On Revenue In 2018: KPMG Study

SANTA CLARA, Calif., Feb. 13, 2018 /PRNewswire/ — Signaling more diversification, leaders of semiconductor industry companies say artificial intelligence (AI), cloud computing and the Internet of Things (IoT) are expected to have a much greater impact on their revenues this year, according to KPMG LLP, the audit, tax, and advisory firm.

[To read KPMG Global Semiconductor Industry Outlook, Semiconductors: Can the surge continue?, please go to]

Nearly two-thirds of the 150 semiconductor industry leaders surveyed cited IoT as one of the top revenue drivers this year, making it the second most-cited and up from 56 percent last year. Cloud computing and AI  rocketed into the top 10 as they were each cited by 43 percent of respondents, compared to 27 percent for cloud last year and 18 percent for AI. Wireless communications again topped the list, but was cited by fewer respondents.

“The increasing demand for IoT, AI and cloud applications is driven by their individual value and their value to each other. Cloud infrastructure is critical to enabling AI and capturing IoT-produced data. AI will enable better analysis and use of the data,” said Lincoln Clark, KPMG Global Semiconductor Industry Leader. “Though the number one revenue driver remains wireless applications, its importance fell slightly in 2018 though we do anticipate growth as 5G begins to rollout in future periods.”

Disruptive technology and cyber security rising as strategic priorities
Asked to list their top three strategic priorities over the next three years, respondents again this year placed diversifying into new businesses areas, at the top, followed by M&A and joint ventures, and talent development/management. Implementing disruptive technology made a significant jump to fourth.

Minimizing cyber security risk cracked the top 10 in the outlook, and likely would have been higher had the survey been taken after the Meltdown and Spectre news hit in early January.

2017 boom year produces caution in 2018
The survey also found that semiconductor leaders are more optimistic this year than last year when asked for their outlook on profitability, revenue growth, capital spending, research and development spending, and workforce growth.

“Given the industry’s historically strong performance in 2017, we interpret these responses as tempered optimism,” said Clark. “It’s unlikely we’ll see a repeat of 2017’s growth rate for global semiconductor revenues, but 2018 should be another successful year in its own right as more than one-quarter of the respondents expect their revenue to grow at least six percent.”

Tax reform impact on semiconductor industry
“While the survey was conducted before the passage of US tax reform regulation, we are starting to see the impact of tax reform reflected in the recent earnings announcements by semiconductor companies,” said Tim Zanni, Global and U.S. Technology Sector Leader. “We anticipate that the access to offshore funds will increase the speed and intensity of activities such as capital equipment investments, M&A, and the reassessment of buybacks and other capital management strategies.”

Asked to rate which region of the world is most important to their company’s semiconductor revenue over the next three years, 47 percent of those surveyed said the United States, followed by China, Europe, Taiwan and Japan. The latter two countries were more widely cited this year compared to last, while the first three dipped in importance.

About the KPMG 2018 Global Semiconductor Industry Outlook
The annual KPMG global semiconductor industry outlook captures the fall 2017 survey of 150 industry leaders on several topics such as priority markets, profitability, revenue, headcount, R&D, mergers and acquisitions, capital spending, applications and semiconductor technology trends.

About KPMG
KPMG LLP is the independent U.S. member firm of KPMG International Cooperative (“KPMG International”). KPMG International’s independent member firms have 197,000 professionals working in 154 countries. Learn more at


Mike Alva


(415) 963-5426  

Twitter: @michaelalva



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CIO Leadership: HMG Strategy’s 2018 CIO Summit of America in New York

NEW YORK, Feb. 13, 2018 /PRNewswire/ — Change is the only constant in business today. Every industry is being disrupted and only those companies that respond quickly and are willing to disrupt themselves will succeed in the next era of the digital age. The CIO is at the center of business transformation where he or she is expected to help the CEO and the board to identify how technology can be leveraged to fuel innovation and create new business models. As a result, the CIO’s role in building a culture of innovation to enable the company to succeed in the age of disruption will be the dominant themes discussed at the upcoming 2018 CIO Summit of America, produced by HMG Strategy, to be held on March 28, 2018 at the Grand Hyatt New York in New York, N.Y.

HMG Strategy's 2018 CIO Summit of America

We live in an era of digital Darwinism where only the best and most adaptable companies will survive,” said Hunter Muller, HMG Strategy’s President & CEO. “To help their companies to succeed, CIOs must enable the enterprise to become more agile, collaborate closely with the CEO and the board, and foster a culture of genius to reimagine and reinvent the business.”

The industry’s foremost CIO Leadership conference, which shines a spotlight on the best and brightest technology leaders, will kick-off with a series of hard-hitting, 20-minute HMG Lead, Innovate, Disrupt Tech Talks. The first will feature former Amazon executive John Rossman, Managing Partner, Rossman Partners and author of The Amazon Way Series. Rossman will share how Amazon fosters a culture of innovation, with lessons that are applicable for executives across industries.

Other HMG Lead, Innovate, Disrupt Tech Talks will feature Jedidiah Yueh, Founder and Chairman, Delphix and author of Disrupt or Die: What the World Needs to Learn from Silicon Valley to Survive the Digital Era. Yueh will detail why classic business books such as The Innovator’s Dilemma and The Lean Startup are failing businesses worldwide along with the mindset that executives need to adopt to succeed with digital disruption. Yueh’s presentation will be followed by an executive interview with CTO Koby Avital.

Other captivating sessions will include an executive panel featuring Marc Hamer, Corporate VP, Digital and Global CIO, Sealed Air Corporation; Earl Newsome, VP & CIO, Praxair, Inc.; Mark Moore, COO/Co-Founder, Inxeption; Larry Quinlan, Global CIO, Deloitte; Jim Swanson, CIO, Monsanto Company; Sigal Zarmi, Vice Chairwoman, Global CIO, PwC and moderated by Ramón Baez, Former SVP, Customer Evangelist, Hewlett Packard Enterprise who is now CIO Evangelist at HMG Strategy that will explore what it takes to lead, reimagine and reinvent the enterprise along with opportunities for working with fellow members of the C-suite to identify how cutting-edge technologies such as artificial intelligence, machine learning, blockchain, analytics, and cloud can be harnessed to drive innovation.

Additional outstanding sessions will include an enthralling executive interview between HMG Strategy President & CEO Hunter Muller with Michael Kay, the Emmy Award-winning New York Yankees play-by-play announcer and YES Network host; an executive panel that will explore winning strategies for implementing a framework for digital disruption; an executive panel that will share valuable approaches for providing distinctive customer experience that can differentiate the brand; a panel of top venture capitalists that will examine the leadership competencies required to succeed in today’s fast-paced and disruptive business environment; an executive panel that will assess emerging technologies that are driving speed to market and a competitive edge; a panel of leading search industry executives that will scrutinize the key attributes that make some technology executives more successful than others; an executive briefing by Jim Routh, CSO, Aetna; and an all-star panel of top technology executives who will share their experiences as to how courageous leadership can create value and generate new waves of business growth in the modern enterprise.

Distinguished speakers at the CIO Summit of America will include:

  • Salim Ali, CEO, Loyakk
  • Richard Entrup, Global CIO, Christies
  • Michelle Garvey, CIO, J. Crew
  • Stephen Gold, Former EVP, Technology and Operations Innovation, CIO, CVS Health
  • Michael Golz, Chief Information Officer, Americas, SAP
  • Sean Lennon, SVP & Global CIO, Allergan, Plc
  • Steve Phillips, Chairman of the Board, Wick Communications

Platinum Partners for the Summit of America include ASG Technologies, Avanade, Celonis, Hewlett Packard Enterprise/Intel, Inxeption, Nutanix, and SAP. Gold Partners include Apptio, Onapsis, Pure Storage, RingCentral, Singtel, Tintri, and Zoom. Supporting Partners include Workday. The Digital Cybersecurity Partner of the Year includes SecurityScorecard. Breakfast Partners include Panzura. Strategic Partners include Egon Zehnder, Heidrick & Struggles, Korn Ferry, Russell Reynolds Associates, and Spencer Stuart. Alliance Partners include Amplify Partners, Glynn Capital, Greylock Partners, Lightspeed Venture Partners, and Sequoia. Association Partners include SIM New York Metro and The Wall Street Technology Association.

To visit the Summit of America website and register for the event, click here

About HMG Strategy

HMG Strategy is the world’s largest independent and most trusted provider of executive networking events and thought leadership to support the 360-degree needs of technology leaders. Our regional CIO and CISO Executive Leadership Series, newsletters, authored books, and digital Resource Center deliver proprietary research on leadership, innovation, transformation, and career ascent.

The HMG Strategy global network consists of over 300,000 senior IT executives, industry experts and world-class thought leaders. HMG Strategy’s exclusive CIO and CISO Executive Leadership Alliance (CELA) program provides top-tier technology executives with unparalleled peer-to-peer off-the-record straight talk to strengthen their decision-making capabilities and accelerate their career ascent. The CELA program is complemented by the CELA Executive Decision Support services (EDS) which connects enterprise technology executives with their contemporaries who are able to offer their expertise, practical experience, and insights in disciplines ranging from effective C-suite communication strategies to crafting successful 1-3-5-year technology roadmaps.

Additionally, our partnerships with the world’s leading search firms provide vital insights into the evolving roles of the CIO and CISO.

The HMG Strategy CIO Executive Leadership Series offers a completely unique experience for IT executives to gain the latest insights and best practices for driving increased business value through the use of IT, and build invaluable relationships with peers and industry experts. The HMG Strategy CISO Executive Leadership Series is designed to provide information security leaders with the insights and best practices they need to tackle the most pressing cyber security challenges facing the enterprise today and going forward.

For more information on joining the strongest executive leadership network and exploring our independent, forward-thinking thought leadership platform, please visit

HMG Strategy (PRNewsfoto/HMG Strategy)

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