The #AIEye Episode 369: Accenture (NYSE: $ACN) to Acquire Sentelis and Arlo (NYSE: $ARLO) Introduces Essential Spotlight Camera
Global Geospatial Analytics #AI Market to See 24% CAGR from 2020-2025
Point Roberts WA, Vancouver BC – June 15, 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:ACN) (NYSE:ARLO)
Accenture (NYSE:ACN) has entered into an agreement to acquire France-based independent data consulting and engineering company Sentelis, which “specializes in designing and scaling data and artificial intelligence (AI) capabilities.” This will involve the latter joining Accenture Applied Intelligence, helping clients build data strategies and industrializing AI. Olivier Girard, market unit lead, Accenture France and Benelux, said:
"The addition of the strong technical talent of Sentelis’s teams, combined with our AI and big data solutions, and deep industry expertise, would be a major opportunity to strengthen and broaden our ability to help clients scale AI across their businesses. In addition to organically growing talent, Accenture’s strategic approach to acquisitions is designed to ensure the right capabilities are in place to meet existing, as well as emerging, client needs with speed and scale. Together, we would be able to help a broader range of clients industrialize innovation in data strategy and AI."
Arlo Technologies, Inc. (NYSE:ARLO) is expanding its smart home security ecosystem with the introduction of the Essential Spotlight Camera, which “features 1080p HD video, two-way audio, an integrated spotlight with color night vision, and motion detection alerts.” Tejas Shah, the company’s SVP product and chief information officer, explained:
"The Essential Spotlight Camera is a simple, plug and play solution that delivers families peace of mind by keeping an eye on what's happening in and around home. Essential cameras are easy to use, affordable and packed with powerful security features including a bright spotlight, built in siren, and 2-way audio. Echoing the same premium design of our other camera solutions, the Essential Spotlight Camera fits in anywhere, and can be coupled with Arlo's Smart AI computer vision technology which filters unnecessary alerts and also works with other Arlo cameras, doorbells and Floodlight to create the perfect security solution."
Global Geospatial Analytics AI Market to See 24% CAGR from 2020-2025
A report published by Research and Markets finds that the global Geospatial Analytics AI market will witness a compound annual growth rate (CAGR) of 24 percent during the forecast period 2020–2025. According to the report, Geospatial Analytics AI “employs Artificial Intelligence technologies such as deep learning and machine learning to combine geographic information system (GIS) with business intelligence information,” finding “a wide range of applications in logistics, transportation, surveying, agriculture, sales and marketing, medical and others.” The APAC region is expected to be the fastest-growing in the market with a CAGR of 32.6 percent in the forecast period.
Sam Mowers, Investorideas.com
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