The #AIEye: VSBLTY (CSE: $VSBY.C) ( $VSBGF) and Sensormatic Join for Demo at NRF Expo, IBM (NYSE: $IBM) Announces Agreement with Broadridge Financial Solutions (NYSE: $BR), Baidu (NasdaqGS: $BIDU)Announces Smart Words Prediction for Facemoji Keyboard App
Global #AI in Energy Market to Reach $7.78 Billion by 2024
Point Roberts WA, Vancouver BC – January 14, 2020 – 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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Read this in full at https://www.investorideas.com/news/2020/artificial-intelligence/01141AIEye-VSBY-IBM-BR.asp
Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (CSE:VSBY) (VSBGF) (NYSE:IBM) (NYSE:BR) (NasdaqGS:BIDU)
VSBLTY Groupe Technologies Corp. (CSE:VSBY) (5VS.F) (VSBGF) and software tech firm Sensormatic Solutions, the leading global retail solutions portfolio of Johnson Controls (NYSE:JCI), have joined “to demonstrate targeted display content that produces high impact advertising and shopper insights, as well as context-based security and loss prevention, at the National Retail Federation expo in New York City January 12-14.” VSBLTY Co-founder and CEO Jay Hutton said:
"Retail continues to change at an accelerated rate. Digital technology is being leveraged to enhance the shopper journey while multiple methodologies are being deployed to measure and maximize retail intelligence for both retailers and major consumer brands."
Sensormatic Solutions Head of Strategy Amin Shahidi commented:
"VSBLTY is an important piece of our strategy. As retailers increasingly rely on in-store video beyond security use cases, together with our analytics they can also understand and provide contextual support of the shoppers' experiences."
IBM (NYSE:IBM) and fintech giant Broadridge Financial Solutions, Inc. (NYSE:BR) announced an agreement to bring new cloud-based solutions to the latter’s clients in the financial services industry. Mark Schlesinger, Broadridge's Chief Information Officer, explained:
"The Broadridge Private Cloud powered by IBM, will increase our ability to more rapidly deliver next-gen and mission-critical solutions to our clients around the world. Accelerating our cloud strategy will enable clients to leverage an industry-leading, highly flexible and resilient technology platform and allow Broadridge to accelerate our product roadmap, providing our clients with faster access to new industry solutions incorporating the ABCDs of InnovationTM (AI, Blockchain, Cloud, Digital).”
Baidu, Inc. (NasdaqGS:BIDU) has announced a new Smart Words Prediction feature on its Facemoji Keyboard app, which, in a test scenario, increased prediction accuracy for frequently used phrases from 53.2 percent to 91.6 percent. According to the press release, “Facemoji Keyboard utilizes machine learning methods for phrase mining to intelligently suggest the next part of a common phrase.” Jiang Feng, director of Baidu’s Global Business Unit, commented:
"Facemoji’s technology makes hands-free texting super easy — with absolutely no chance of embarrassing typos or faux pas. We now have unparalleled word and emoji prediction, and the most accurate voice-to-text in the industry."
Global AI in Energy Market to Reach $7.78 Billion by 2024
A report from Research and Markets finds that the global AI in Energy market will grow to $7.78 billion by 2024 with a compound annual growth rate (CAGR) of 22.49 percent in the forecast period 2019-2024. An Expert Quote featured in the report description reads:
"Fleet and asset management is one of the prominent applications of the AI in energy market. The fleet assets at remote locations are difficult to monitor and control. Any failure of assets without prior intimation leads to an increase in operational downtime. Thus, the energy industry is adopting AI technology to monitor and control the fleet assets across the supply chain. The AI-powered hardware components integrated with the AI software ensures efficient operation of oil & gas assets using vibration analytics, thereby ensuring a safe working atmosphere. An AI-enabled fleet and asset monitoring solution using computer vision provides visibility across the functioning of the equipment, which further helps in investigating the asset performance.”
Sam Mowers, Investorideas.com
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