#AIEye Episode 403: VSBLTY (CSE: $VSBY.C) (OTC: $VSBGF) and Partner Retailigent Contracted for Audience Analytics in Pet Store Chain, Virtusa (NasdaqGS: $VRTU) Achieves Silver-Level Certification from Blue Prism for RPA
Global AI in Manufacturing Market to Reach $16.7 Billion by 2026
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Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (CSE:VSBY) (5VS.F) (OTC:VSBGF) (NasdaqGS:VRTU)
VSBLTY Groupe Technologies Corp. (CSE:VSBY) (5VS.F) (OTC:VSBGF), along with its Mexico partner Retailigent Media has been contracted to provide advanced audience analytics and customer engagement technology in a Mexican chain of pet stores. Rodrigo Velasco, Retailigent Media CEO & Co-founder, said:
"The pet store deployment will utilize digital shelf strips, small interactive surfaces, real-time audience analytics and touchless interface for customer engagement. The initial installations will be in 10 locations but is expected to roll to 85 locations in the short term.”
VSBLTY Co-founder & CEO Jay Hutton added:
"This represents an interesting and exciting move into a new brand category for VSBLTY and Retailigent. We are anxious to see if the sales lift experienced with other brands will be duplicated in the pet food category."
Virtusa Corporation (NasdaqGS:VRTU) has achieved Silver-level Delivery Provider Certification from Blue Prism, having passed a rigorous certification process for the latter’s intelligent Robotic Process Automation (RPA) solutions, and proving its ability to demonstrate customer success. Raymond Hennings, EVP and head of global sales, alliances, and strategic deals, Virtusa, commented:
“Virtusa’s application of RPA focused on banking and financial services sets the foundation for success when solving the CIO’s dual challenge of keeping business running while reducing costs. The Blue Prism Silver Delivery Partnership reinforces Virtusa’s commitment to innovating within industry best practices to continue delivering the infrastructure our clients demand now and in the future.”
Global AI in Manufacturing Market to Reach $16.7 Billion by 2026
Research published by ReportLinker finds that the global AI in Manufacturing market will grow from $1.1 billion in 2020 to $16.7 billion by 2026 with a compound annual growth rate (CAGR) of 57.2 percent in that forecast period. An excerpt from the report’s summary reads:
The major drivers for the market are the increasing number of large and complex datasets (often known as big data), evolving Industrial IoT and automation, improving computing power, and increasing venture capital investments. The major restraint for the market is the reluctance among manufacturers to adopt AI-based technologies. The critical challenges facing the AI in manufacturing market include limited skilled workforce, concerns regarding data privacy, and significant financial and operational impact of the COVID-19 outbreak on manufacturing.
Sam Mowers, Investorideas.com
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