The Acquisition of Comcast and BluVector to grow BluVector’s existing business will accelerate the Digital Technology and Artificial Intelligence Market
Global: The telecom giant Compact acquired AI-powered cybersecurity startup BluVector’s existing business with the aim to collaborate on the development of new cybersecurity tech. BluVector is a global leader that uses advanced artificial intelligence and machine learning to provide cybersecurity protection to companies and government agencies. BluVector as a part of Comcast will support its continued growth and can explore new opportunities to leverage BluVector technology and expertise. BluVector has won a wide array of cybersecurity industry awards and is also a trusted partner to both Fortune 500 companies and large government agencies working to tackle some of the nation’s most critical challenges. The acquisition has brought some leadership to BluVector. Comcast has appointed Eric Malawer as CEO of the company. Malawer joins the BluVector team with more than two decades of experience in data analytics, artificial intelligence, national intelligence, and digital security. Noopur Davis, Comcast’s chief information security officer for more than two years, will work as a liaison between Comcast and BluVector as the companies collaborate on new products and initiatives. BluVector’s founding CEO Kris Lovejoy, who left the company last month to assume a role at Ernst & Young, will continue to serve as an advisor and consultant at BluVector and Comcast.
According to Analyst at BlueWeave Consulting, The acquisition of both companies will create huge opportunities for the development of AI as BluVector is highly recognized for its innovation and unique technological approach. It will also help in the Demonstration of AI in a different section which in turn boosts digital transformation to a broader level. AI is positioned at the core of the next gen software technologies in the market and hence, the increasing adoption rate of big data and AI advanced has benefited the global artificial intelligence market. Various end-use industries have also employed artificial intelligence such as retail and business analysis which enhances the demand in the market. Moreover, the growing progression of machine interpretation, question acknowledgment, and protest observation has further enlarged the demand for artificial intelligence. New AI implementation will Bridge the skills gap and enhance employability. Software as a service (SaaS) applications and cloud platforms will continue to drive benefits for companies of all types and sizes. The future of SaaS applications will include AI-powered automation software to streamline workflow by automating common tasks. Additionally, the wider adoption of the cloud will also require enhanced security protections and next-generation flash storage processors. In addition, this will allow the customers to more securely operate even the most sensitive applications without having to trust the cloud. The introduction of new technology enables cloud and enterprise data centers to access data up to 50x faster with 1/10th of the computational load and power consumption. Furthermore, the key factor driving the market are growing big data analysis, the increasing adoption of cloud-based applications and services, and increasing demand for intelligent virtual assistants will boost the market of AI in coming period.
According to BlueWeave consulting’s upcoming report, Titled-“ Artificial Intelligence Market By Technology (Automated Robotic System, Expert System, Embedded System, Digital Assistance System, and Artificial Neural Network), By Application (Cyber Security, Context Aware Processing, Speech Recognition, Video Analysis, Gesture Control, Language Processing, Querying Method, Digital Personal Assistant, Image Recognition, Smart Robots, and Deep Learning),By End- Use (Media & Advertising, BFSI, IT & Telecom, Retail, Healthcare, Automotive & Transportation, and Others), Size and Forecast, 2018-2025,”- Artificial intelligence has been one of the fastest-growing technologies in recent years. AI is connected to human intelligence with similar characteristics such as language understanding, reasoning, learning, problem-solving, and others. Manufacturers in the market observe enormous underlying intellectual challenges in the development and revision of such a technology. AI is stood at the core of the next-gen software technologies in the market.