ENTERPRISE COLLABORATION SERVICE MARKET ANALYSIS

Market News

Global Enterprise Collaboration Service Market: Key Developments

• For instance, in March 2021, Webex business communication tool from Cisco, in the ongoing competitive landscape of video collaboration services, the business has achieved a significant advancement: seamless real-time translation capabilities spanning more than 100 languages. This development signifies that users can now access instantaneous translations from English into this extensive array of languages directly within the Webex platform. These translations are facilitated by state-of-the-art artificial intelligence technology, further underscoring our commitment to enhancing global communication and collaboration.
• For instance, in May 2020, IBM Technologies, a technology firm headquartered in the United States, unveiled IBM Watson AIOps. This solution leverages artificial intelligence to ensure the dependable operation of enterprise applications while optimizing the identification, analysis, and real-time resolution of IT discrepancies. Chief Information Officers (CIOs) have the opportunity to implement IBM Watson AIOps to automate a spectrum of tasks within IT development, infrastructure management, and operational processes.
• For instance, in June 2021, Microsoft partnered with Morgan Stanley to expedite its digitalization efforts. Microsoft will furnish Morgan Stanley with Microsoft Azure, a solution renowned for its data privacy features, thereby facilitating the firm's transition to cloud-based operations.
• For instance, in May 2021, Google collaborated with SpaceX to establish a partnership aimed at delivering secure worldwide connectivity. This collaboration leverages SpaceX's Starlink technology to offer high-speed connectivity throughout Google Cloud's infrastructure. The primary objective of this partnership is to provide businesses with uninterrupted, secure access to cloud services, ensuring a seamless experience.