One of the largest players in the artificial intelligence (AI) market is Microsoft Azure.
Microsoft Azure’s AI portfolio is extensive, and the brand reported $192.7 million in AI revenue for 2019, according to a 2020 report by IDC.
See below to learn about Microsoft’s Azure artificial intelligence offerings, which are a key part the company’s global portfolio:
Here’s are some of Azure’s key offerings in its AI portfolio:
See more: Artificial Intelligence Market
Organizations can partner with Microsoft Azure to offer their customers AI services.
These are several of Azure’s AI partnerships:
Simplifai Emailbot can understand emails, classify them, and extract relevant information. This can be leveraged by customer service teams, allowing employees to focus on more important tasks. This solution was made by Acuvate Software.
This platform lets businesses automate their IT help desk with virtual agents. The bot has been pre-trained with 300 FAQs and can be added to the Microsoft Teams application. This solution was made by Acuvate Software.
SpinOne, or Spinbackup, for Office 365 is an AI-driven solution that offers automated daily backups and ransomware protection. This solution was made by Spin Technology.
Lumen Technologies provides technology infrastructure solutions. They experienced rapid growth but needed a way to integrate all of their different analytics systems. They were able to achieve this with Microsoft Azure Synapse Analytics. Prior to switching, Lumen’s customer service speed was negatively impacted. After using the Microsoft Azure Synapse Analytics platform to design a solution known as Intelligent Digital Delivery, the team at Lumen was able to gather data from all across the company, so internal stakeholders are now able to view everything in the delivery funnel and sort the data according to their preferences. This new analytics solution improved productivity and helped reinforce the customer-focused nature of Lumen.
The NYC Department of Environmental Protection is home to a large number of employees who often have IT needs. This can put a strain on IT personnel, especially after hours. After the development of a solution called Ask BIT with Azure, the department was able to implement a chatbot that operates around the clock, addressing queries and resolving tickets. This helps the department avoid the cost and time tied to responding to after hours requests.
Munich Re is a global insurance company that carries out complex calculations to determine various insurance practices. This requires a large amount of compute power. Initially, this was all done on premises. This became unsustainable, as the amount of data that needed to be processed grew. Munich Re made use of Azure Data Lake to help process all of its data, along with Azure Data Science Virtual Machines for machine learning. These tools help the firm handle, process, decide on use cases at its locations, while keeping costs under control.
See more: Artificial Intelligence: Current and Future Trends
Users are giving various products in the Microsoft Azure AI/ML portfolio favorable scores online:
Microsoft Azure’s AI technology has been recognized, for instance, by Frost & Sullivan as the leader in global AI platforms for health care as part of its 2020 Best Practices Awards.
Microsoft Azure holds the second largest share of the AI software market (5.6% in 2019), according to a 2020 report by IDC.
In comparison, IBM holds the largest share of the AI software market in the report (8.8%), and SAS ranks third (4.4%).
The AI software market was worth an estimated $3.5 billion in 2019, IDC says.
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