The #AIEye: IBM Watson (NYSE: $IBM) Assistant Deployed by Indian Council of Medical Research and Arlo (NYSE: $ARLO) Rolls Out Pro 3 Floodlight Camera
Global Edge #AI Software Market, Amid #COVID19 #Pandemic, to Reach $665 Million by 2021
Point Roberts WA, Vancouver BC – May 4, 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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Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NYSE:IBM) (NYSE:ARLO)
Watson Assistant, the AI-based solution from IBM (NYSE:IBM), is being deployed by the Indian Council of Medical Research (ICMR) to streamline queries associated with COVID-19. By implementing a Watson virtual agent, the ICMR aims to address questions “related to nature and process of data to be captured by test labs, how to record inventory of test kits and reagents, process of reporting to various Government agencies and references to the latest guidance, in addition to general questions related to the pandemic,” according to a report from the Economic Times. Balram Bhargava, Director General, ICMR, said:
“It is critical to remain focused on testing, diagnosis and treatment in order to lower the growth curve. With the number of on-field testing teams expanding across the nation as part of India’s Covid-19 measures, this collaboration with IBM will help automate responses from the field and facilitate access to accurate and updated data on Covid-19 diagnostics and reporting.”
Arlo Technologies, Inc. (NYSE:ARLO) has announced the rollout of the Arlo Pro 3 Floodlight Camera, which boasts “powerful LEDs, an integrated 2K HDR camera, 160-degree field of view, two-way audio, custom lighting configurations and a built-in siren.” The camera also works in tandem with a suite of smart features supported by Arlo's AI-based Arlo Smart service, which users will receive a free three-month trial of upon purchase. Tom Babula , SVP worldwide sales at Arlo, said:
"As the first wire-free 2K variant on the market, the Arlo Pro 3 Floodlight Camera offers an even more comprehensive home security solution for consumers with increased illumination. Boasting a seamlessly integrated camera and floodlight design, the Pro 3 Floodlight Camera is an ideal all-in-one solution to keep a watchful eye on homes and small businesses alike."
Global Edge AI Software Market, Amid COVID-19 Pandemic, to Reach $665 Million by 2021
A report from Markets and Markets finds that the global Edge AI Software market is expected to grow from $470 million in 2019 to $665 million by 2021 with a compound annual growth rate (CAGR) of 19 percent. An excerpt from the report description outlines the market’s video surveillance segment, and the effect of the COVID-19 pandemic on its growth:
The use of video surveillance has been extended from operations rooms to mobile devices; COVID-19 has [expedited] the use of video surveillance use cases. Telehealth in the healthcare sector has become a new norm, as health organizations around the world, such as [the] WHO [and the] CDC have presented guidelines for its use. Many healthcare organizations are utilizing telehealth to keep their workers safe and treat patients. Private doctors and healthcare institutions are providing online consulting amidst country lockdowns.
Governments across the globe are making use of advanced video surveillance techniques such as drones, CCTV cameras to manage social distancing, monitor quarantined people, and track the spread of the virus. China, Russia, and South Korea are making use of video analytics to monitor its citizens closely and potentially protect them from the virus. Once the lockdown eases, many more industries are expected to see higher adoption of video analytics tools, making the video surveillance market to grow at a higher rate than earlier expected.
Sam Mowers, Investorideas.com
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