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Variable Frequency Drives Market to Accelerate at a CAGR of Almost 3% Due to COVID-19 | Technavio
Variable Frequency Drives Market to Accelerate at a CAGR of Almost 3% Due to COVID-19 | Technavio The new variable frequency drives the market research from Technavio indicates negative growth in the short term as the business impact of COVID-19 spreads.
Get detailed insights on the COVID-19 pandemic crisis and recovery analysis of the variable frequency drives market. “One of the primary growth drivers for this market is the presence of regulations that mandate the use of variable frequency drives in industries, says a senior analyst for the industrials industry at Technavio. The vendors should focus on growth prospects in the fast-growing segments while maintaining their position in the slow-growing segments. As the markets recover Technavio expects the variable frequency drives market size to grow by USD 3.20 billion during the
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Cognigy and Telekom Partner on Conversational AI
December 17, 2020 GMT
DÜSSELDORF, Germany & SAN FRANCISCO (BUSINESS WIRE) Dec 17, 2020
Cognigy, a global leader in Conversational AI, and Telekom, a leading telecommunications provider, today announced a new partnership aimed at improving the customer journey through greater automation in customer service. With its Conversational AI Suite, Telekom offers artificial intelligence (AI) solutions individually tailored to customer concerns in collaboration with leading technology partners.
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“Our AI solutions support the customer journey in customer service from start to finish by handling frequently occurring customer concerns in an automated and successful way. This reduces the customer service staff’s workload and cuts costs,” Waldemar Mach, Product Manager UC & AI Managed Solutions, Telekom Germany GmbH, explains.
Fluence Celebrates a Breakout 2020 in Financial Consolidation Software
Fluence Celebrates a Breakout 2020 in Financial Consolidation Software Its been a breakout year for Fluence Technologies, the only financial consolidation software company focused on the needs of mid-sized companies. In spite of COVID-related challenges the company exceeded all expectations, from customer acquisition to revenue growth, with prospects for 2021 looking even brighter. “Fluence has an unparalleled team with literally centuries of financial consolidation and performance management experience under our belts, said John Power, CEO of Fluence Technologies. Along with that comes a solution thats decades in the making, and a major reason our customers trusted we’d deliver a consolidation solution that met their needs perfectly.”
Citytwig’s insurance roadmap intelligence recognized as a Red Herring Top 100 North America Winner
Citytwig’s insurance roadmap intelligence recognized as a Red Herring Top 100 North America Winner
IRVINE, Calif., Dec. 14, 2020 Citytwig, a rapidly growing InsurTech developing novel Artificial Intelligence (A.I.) solutions for insurance carriers to understand their target insureds and achieve smart product distribution, has been selected as a winner for Red Herring’s Top 100 North America award, one of the technology industry’s most prestigious prizes. Given the recent shift towards mass adoption of digital technologies upended by the pandemic, Citytwig promotes transparency throughout the industry and modernizes how insurance is delivered to the end user through virtual prospecting. The company’s smart A.I. platform builds out personalized coverage roadmaps around each individual/business to identify specific insurance products that would best provide protection across
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