The #AIEye: VSBLTY (CSE: $VSBY.C) Joins Cyber Ops Alliance, Oracle (NYSE: $ORCL) Helps Retailers with #AI Suite and Qualcomm (NASDAQ: $QCOM) Supports Google (NASDAQ: $GOOGL) Assistant in Smart Headset Platform
Global Citizens Services AI Market to Reach $9.7 Billion in 2024
Point Roberts WA, Vancouver BC – May 10, 2019 – Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) brings you today’s edition of The AI Eye- watching stock news, deal tracker and advancements in artificial intelligence.
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Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (CSE:VSBY) (OTC:VSBYF) (NYSE:ORCL) (Nasdaq:QCOM) (Nasdaq:GOOGL)
VSBLTY Groupe Technologies Corp. (CSE:VSBY) (OTC:VSBYF) has joined major international cyber security integrator Cyber Ops Alliance (COA). COA solutions are leveraged in various enforcement agencies, as well as private and state security firms and organizations. VSBLTY Co-founder and CEO Jay Hutton commented:
“With more and more so-called soft targets being attacked around the world, heightened security is needed virtually everywhere, and innovative technologies are needed to do that. In most instances, our face on cameras provide better facial recognition than overhead CCTV cameras to enable faster, professional security responses to threats. As part of the COA, we are advancing the increasingly important ability to provide security where it has never been available before.”
Oracle Corporation (NYSE:ORCL) is helping retailers through the use of AI and machine learning in their Retail Insights and Science Suite. A recent press release indicates that the Suite allows retailer to “build machine learning models within their Oracle Retail solutions to extract insights from images, sense demand from social media, or re-balance inventory to maximize productivity”. Jeff Warren, vice president, Oracle Retail, said:
"Most machine learning projects fall short on delivering tangible business benefits. Not because the innovation is misaligned with a business objective but because it is difficult to operationalize innovation. The Retail Science Platform delivers the standardization and controls that enterprises need to accelerate their new offerings and swiftly integrate them into their business workflows. With the addition of notebook-based tools, our solution is a force to be reckoned with in predictive analytics and machine learning for the retail industry."
Qualcomm Technologies International Ltd., a subsidiary of Qualcomm Incorporated (NasdaqGS:QCOM), has announced support for the Google (NasdaqGS:GOOGL) Assistant and Google Fast Pair on the Qualcomm Smart Headset Platform. According to the press release:
The integrated platform is designed to bring a unique combination of processing capability, connectivity options, voice assistant interfaces and premium audio technologies to help meet increasing consumer demand for comprehensively featured, highly intuitive wireless stereo headsets and earbuds.
Global Citizens Services AI Market to Reach $9.7 Billion in 2024
A report from Markets and Markets finds that the global citizen services AI market will grow from $1.5 billion in 2019 to $9.7 billion in 2024 with a compound annual growth rate (CAGR) of 46.3 percent. The following excerpt from the report description outlines the role of AI in facial recognition and analytics in the citizen services market:
The face recognition technology has presented huge transformation capabilities in the security and surveillance domain. Face recognition solutions are being deployed to track attendance; control access to restricted areas; monitor and survey systems; identify crime suspects; detect emotions; understand customer behaviors; build strong security systems; and analyze gender, age, and identification and verification at airports, cafes, restaurants, hotels, and stadiums.
Government bodies deal with massive amounts of data that have been traditionally stored on paper and handled manually. Although the emergence and growth of digitalization have made government processes more efficient, there is still much left to be done regarding data management and service delivery speed. Improving the data management capabilities of governing bodies requires more intelligent processing, which might require hiring more people. The alternative to this is using AI and analytics in the public sector units to enable faster and more accurate data gathering and processing.
Sam Mowers, Investorideas.com
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