#AIEye #Podcast 495: Loop Insights (TSXV: $MTRX.V) Selects Draganfly’s (CSE: $DFLY.C) Vital Intelligence Screening Tech, and OneSoft (TSXV: $OSS.V) Subsidiary OneBridge Solutions Enters Agreement with Consumers Energy #artificialintelligence
Global RPA Market to Reach $19.534 Billion by 2027
Point Roberts WA, Vancouver BC – December 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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Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (TSXV:MTRX) (CSE:DFLY) (TSXV:OSS)
Loop Insights Inc. (TSXV:MTRX) has selected Vital Intelligence vital sign screening technology from Draganfly Inc. (CSE:DFLY) to “integrate into its Venue Bubble Platform to be used to detect potential symptoms of COVID-19.” This technology involves Draganfly’s AI screening the body’s vital signs using the camera on the user’s mobile phone. Draganfly’s CEO, Cameron Chell, said:
“Partnering with Loop Insights to combine our respective technologies into Loop’s Venue Bubble solution is a powerful and significant step to help all industries and most immediately Hollywood and the global film industry safely ramp up production. Film industry investors, insurance companies, unions, and guilds are all seeking this type of solution to keep workers safe and protect their investments.”
OneSoft Solutions Inc. (TSXV:OSS) has announced that Michigan-based public utility provider Consumers Energy has entered into a multi-year agreement with OneSoft's wholly-owned subsidiary, OneBridge Solutions Inc. to adopt Cognitive Integrity Management software-as-a-service solution for segments of its pipeline assets. Holly Bowers, Consumers' Executive Director of Gas Asset Management, explained:
"The adoption of OneBridge's software aligns with our 10-year natural gas delivery roadmap and digital transformation strategy. Artificial Intelligence and machine learning capabilities embedded in the solution will assist us to modernize and ensure we have a safe, reliable, affordable and clean gas system. Implementation of the software will also help us to execute on our vision of world class performance advancing the integrity management of our assets and addressing current and future regulatory operational compliance needs.”
Global RPA Market to Reach $19.534 Billion by 2027
A report published by Allied Market Research finds that the global Robotic Process Automation (RPA) market will grow from $1.636 billion in 2019 to $19.534 billion by 2027 with a compound annual growth rate (CAGR) of 36.4 percent in the forecast period 2020-2027. An excerpt from the report outlining the market’s top factors reads:
The robotic process automation market growth is driven by factors such as growth in innovations in RPA to accommodate changing consumer demands and high adoption of RPA in the BFSI and healthcare sectors. In addition, the COVID-19 pandemic is enabling rise in demand for automation technology further driving the growth of the market. RPA is being adopted in organizations to mitigate disruption by enabling businesses to maintain customer support, stay connected across the systems and teams, and offer stability in times of uncertainty. Furthermore, digital businesses are expected to create significant revenue growth opportunities for the market. However, higher implementation cost of the RPA system due to the integration of high-quality hardware with efficient software control system may hinder the market growth to some extent.
Sam Mowers, Investorideas.com
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