ENTERPRISE ARTIFICIAL INTELLIGENCE (AI) MARKET ANALYSIS

Market News

Global Enterprise Artificial Intelligence (AI) Market: Key Developments

In December 2021, Kyndryl, an IT infrastructure services provider, did a partnership with Google Cloud, a suite of cloud computing services. This strategic partnership was done to focus on accelerating customers’ digital transformations and helping them become more advanced, data-driven, and sustainable businesses.

In February 2022, IBM, a technology corporation, had acquired Sentaca, a leading telco consulting services and solutions provider. The acquisition will accelerate IBM's hybrid cloud consulting business, adding critical skills to help communications service providers (CSPs) and media giants modernize on multiple cloud platforms, innovate, and transform their businesses.

In May 2021, Google I/O, announced the availability of Vertex AI, a managed Machine Learning (ML) platform that allows companies to accelerate the deployment and maintenance of artificial intelligence (AI) models.

In November 2021, Oracle, a computer software company had launched Oracle Cloud Infrastructure (OCI) AI services, making it easier for developers to incorporate AI into their applications without needing data science knowledge. Developers can choose between using out-of-the-box models that have been pre-trained on business-oriented data or custom training the services using their data using the new OCI AI services.