HomeFinancial MarketsSeaChange International Inc. (SEAC) stock rises during current market trading. Here’s to...

SeaChange International Inc. (SEAC) stock rises during current market trading. Here’s to know why?

SeaChange International Inc. (NASDAQ: SEAC) stock gains by 3.77% in the current market trading. SeaChange International is a well-known provider of streaming video services, cable television broadcast platforms, and sophisticated ad insertion technologies. The firm works with operators, broadcasters, and content owners all around the world to assist them provide customers with the best possible video experience.

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SEAC stock, Significant Development

SeaChange International has deepened its long-standing partnership with Amazon Web Services (AWS) to allow improved data analytics on top of its cloud-based video distribution technology, which has been fully transferred.

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SeaChange is utilizing AWS’ artificial intelligence (AI) and machine learning (ML) capabilities to allow a deep knowledge of end-user engagement and better client business outcomes, building on cooperation that began in 2016. Customers of SeaChange will be able to quickly implement ML use cases such as predictive maintenance, computer vision, and forecasting consumer behavior using Amazon SageMaker.

Official Statements                           

Ben Berner, CEO, Screen iL stated that last week, they launched Screen iL which is a worldwide streaming service that provides premium Israeli content to customers all over the globe via all connected devices, due to SeaChange’s StreamVid technology. Outside Israel, Screen iL is the only authorized aggregator of Israeli programming that mixes live and time-shift television with a large video-on-demand library.

SeaChange maintains its whole cloud-based infrastructure and assures the service’s needed scale, allowing them to pursue their ambitious goals to rapidly expand their subscriber base. Furthermore, the platform offers them comprehensive data on consumption and viewing trends, allowing them to run tailored campaigns to increase engagement and reduce churn.

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Ankur Mehrotra, Director, Vertical AI Services, at AWS, stated,

Customers of SeaChange may use Amazon Personalize to provide a variety of personalized experiences, including channel lineup use, VOD catalog engagement, and promotion effectiveness. They’re excited to partner with SeaChange to help companies of all sizes benefit from machine learning-powered personalization.

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