#AIEye Episode 457: Brown & Brown (NYSE: $BRO) Partners with Picwell for #AI-Powered Benefits Decision Support, and Veritone (NasdaqGS: $VERI) Launches AI-Enabled Basketball Site DraftClips.com
Global AI in Energy Market to Grow by $8.06 Billion from 2020-2024
Point Roberts WA, Vancouver BC – October 20, 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:BRO) (NasdaqGS:VERI)
Insurance brokerage giant Brown & Brown, Inc. (NYSE:BRO) has partnered with healthcare technology firm Picwell, giving the former’s customers easy access to Picwell's comprehensive benefits decision support solutions. According to the press release, Picwell leverages AI “in order to determine the best plans for an employees' individual needs and guides them to the right plans based on their personal preferences - all in less than 10 minutes.” Matt Sydney, CEO of Picwell, explained:
"At Picwell, our mission is to make health care benefits easy to understand and empower employees to make wise choices. This partnership with Brown & Brown will make our solution available at an even larger scale and will allow millions of employees to benefit from our AI-driven platform."
Veritone, Inc. (NasdaqGS:VERI) has announced the launch of DraftClips.com, a no-cost, ad-free and AI-enabled professional basketball draft experience site. Powered by the company’s aiWARE operating system for artificial intelligence, the site gives users access to exclusive clips and images, and features AI search capabilities. Ryan Steelberg, president of Veritone, commented:
"As the exclusive licensing partner for many collegiate and professional sports properties, Veritone has one of the largest collections of iconic sports content in the U.S. Since March Madness was cancelled this year and sports fans haven’t seen their favorite college basketball players in action for a long time, we’re thrilled to offer a portal where fans can easily access and relive thousands of highlight and analysis clips."
Global AI in Energy Market to Grow by $8.06 Billion from 2020-2024
A report published by Technavio finds that the global AI in Energy market will grow by $8.06 billion from 2020 to 2024. An excerpt from the report’s snapshot outlines some key drivers observed in the market:
One of the key factors contributing to the growth of global artificial intelligence in the energy market is the growing demand for data integration and visual analytics. Rising proliferation and complexity has made the process of deploying and maintaining reliable data interfaces difficult. Therefore, enterprises around the world are adopting data integration solutions. AI allows real-time synthesizing of data to facilitate real-time analysis for effective decision-making, thus enabling enterprises to monitor, transform, and deliver data; understand business processes, and bridge the gap between businesses and IT. Similarly, AI helps energy companies integrate technical and business process data from different sources and convert it into meaningful business insights. With the exponential increase in data volume, the need for analyzing, transforming, monitoring, and interpreting data has become a priority for business operations. Apart from the rising demand for data integration and visual analytics, the need for smart homes and the development of smart cities and an increase in a number of smart connected devices is boosting the growth of the global artificial intelligence in energy market.
Sam Mowers, Investorideas.com
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