The
#AIEye: VSBLTY (CSE: $VSBY.C) Joins Cyber Ops Alliance, Oracle (NYSE: $ORCL)
Helps Retailers with #AI Suite and Qualcomm (NASDAQ: $QCOM) Supports Google
(NASDAQ: $GOOGL) Assistant in Smart Headset Platform
Global
Citizens Services AI Market to Reach $9.7 Billion in 2024
Point Roberts WA, Vancouver BC – May 10, 2019 – 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: (CSE:VSBY) (OTC:VSBYF) (NYSE:ORCL) (Nasdaq:QCOM) (Nasdaq:GOOGL)
VSBLTY Groupe Technologies Corp. (CSE:VSBY) (OTC:VSBYF) has joined major international cyber security
integrator Cyber Ops Alliance (COA). COA solutions are leveraged in various
enforcement agencies, as well as private and state security firms and
organizations. VSBLTY Co-founder and CEO Jay Hutton commented:
“With
more and more so-called soft targets being attacked around the world,
heightened security is needed virtually everywhere, and innovative technologies
are needed to do that. In most instances, our face on cameras provide better
facial recognition than overhead CCTV cameras to enable faster, professional
security responses to threats. As part of the COA, we are advancing the
increasingly important ability to provide security where it has never been
available before.”
Oracle Corporation (NYSE:ORCL) is helping retailers through the use
of AI and machine learning in their Retail Insights and Science Suite. A recent
press release indicates that the Suite
allows retailer to “build machine learning models within their Oracle Retail
solutions to extract insights from images, sense demand from social media, or
re-balance inventory to maximize productivity”. Jeff Warren, vice president,
Oracle Retail, said:
"Most
machine learning projects fall short on delivering tangible business benefits.
Not because the innovation is misaligned with a business objective but because
it is difficult to operationalize innovation. The Retail Science Platform
delivers the standardization and controls that enterprises need to accelerate
their new offerings and swiftly integrate them into their business workflows.
With the addition of notebook-based tools, our solution is a force to be
reckoned with in predictive analytics and machine learning for the retail
industry."
Qualcomm Technologies International Ltd., a subsidiary
of Qualcomm Incorporated (NasdaqGS:QCOM), has announced support for the Google (NasdaqGS:GOOGL) Assistant and Google Fast Pair
on the Qualcomm Smart Headset Platform. According to the press release:
The
integrated platform is designed to bring a unique combination of processing
capability, connectivity options, voice assistant interfaces and premium audio
technologies to help meet increasing consumer demand for comprehensively
featured, highly intuitive wireless stereo headsets and earbuds.
Global
Citizens Services AI Market to Reach $9.7 Billion in 2024
A report from Markets and Markets finds that the global
citizen services AI market will grow from $1.5 billion in 2019 to $9.7 billion
in 2024 with a compound annual growth rate (CAGR) of 46.3 percent. The
following excerpt from the report description outlines the role of AI in facial
recognition and analytics in the citizen services market:
The face recognition technology has
presented huge transformation capabilities in the security and surveillance
domain. Face recognition solutions are being deployed to track attendance;
control access to restricted areas; monitor and survey systems; identify crime
suspects; detect emotions; understand customer behaviors; build strong security
systems; and analyze gender, age, and identification and verification at
airports, cafes, restaurants, hotels, and stadiums.
Government bodies deal with massive
amounts of data that have been traditionally stored on paper and handled
manually. Although the emergence and growth of digitalization have made
government processes more efficient, there is still much left to be done
regarding data management and service delivery speed. Improving the data
management capabilities of governing bodies requires more intelligent
processing, which might require hiring more people. The alternative to this is
using AI and analytics in the public sector units to enable faster and more accurate
data gathering and processing.
Sam Mowers, Investorideas.com
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