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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Intel Corporation    INTC

INTEL CORPORATION

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Intel : IT Harnessing AI and Analytics to Drive Digital Transformation

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04/18/2019 | 08:28am EDT

By strategically embedding artificial intelligence (AI) into Intel's most critical areas, Intel's Information Technology (IT) organization delivered over $1 billion in business value.

The 2018-2019 Intel IT Annual Performance Report published today highlights how Intel IT's collaboration with the company's business units to implement AI, advanced analytics and machine learning has generated concrete results in areas such as supply chain, product lifecycle management, product design and production, and sales.

'Intel is pushing the boundaries in areas such as AI, 5G and autonomous vehicles, and Intel's Information Technology team is a critical partner in this work. I'm incredibly proud of how this organization is driving our digital transformation and enabling Intel employees all around the world to perform at their best every day.'

Paula Tolliver, Intel vice president and chief information officer

Why It Matters: From supply chain to sales, Intel IT is playing an essential role in Intel's transformation to a data-centric company.

Intel's supply chain includes 600 facilities in 63 countries, 19,000 suppliers and 2,000 customers while fulfilling 1 million orders and shipping 1 billion units each year. To stay ahead of its vast and complex supply chain, Intel IT applies AI and advanced analytics to optimize parts delivery across businesses and suppliers and reduce bill of materials costs for new systems and boards.

Intel IT uses AI to produce powerful automation tools that can greatly increase the amount of issues identified in product validation.

Intel IT's Sales AI platform is the cornerstone of the Sales Assist program which collects and analyzes data to help account managers engage with customers more effectively.

What It Looks Like: Notable results enabled by Intel IT include:

933,000 people-hours saved per quarter with solutions such as one-click video meetings, mobile capabilities for frequently-used applications and easier deployments and upgrades of employee PCs.

$1.25 billion in business value across 24 projects in design, manufacturing and supply chain.

Technologies like machine learning and predictive analytics have sped the time-to-market of new products by 52 weeks.

Intel's product validation cycle is expected to improve in efficiency by 20 percent by 2020 with integrated AI in critical validation processes.

About Intel

Intel (NASDAQ: INTC), a leader in the semiconductor industry, is shaping the data-centric future with computing and communications technology that is the foundation of the world's innovations. The company's engineering expertise is helping address the world's greatest challenges as well as helping secure, power and connect billions of devices and the infrastructure of the smart, connected world - from the cloud to the network to the edge and everything in between. Find more information about Intel at newsroom.intel.com and intel.com.

Contact:

Tel: 1800 123 8835

(C) 2019 Electronic News Publishing, source ENP Newswire

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Financials ($)
Sales 2019 68 687 M
EBIT 2019 21 889 M
Net income 2019 18 711 M
Debt 2019 15 925 M
Yield 2019 2,80%
P/E ratio 2019 10,83
P/E ratio 2020 10,45
EV / Sales 2019 3,13x
EV / Sales 2020 2,93x
Capitalization 199 B
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Mean consensus HOLD
Number of Analysts 40
Average target price 52,3 $
Spread / Average Target 17%
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Managers
NameTitle
Robert Holmes Swan Chief Executive Officer, Director & Executive VP
Andy D. Bryant Controller
Ann-Marie Holmes Vice President-Operations & Manufacturing
Todd Underwood Chief Financial Officer & Vice President
Ann B. Kelleher Senior VP-Technology & Manufacturing Group
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