The
#AIEye: Accenture (NYSE: $ACN) to Acquire Analytics8, Wipro (NYSE: $WIT) Launches
3 Intel-(Nasdaq: $INTC) Powered #AI Solutions and Veritone (Nasdaq: $VERI) Announces
Agreement with ART19
Global
#AI in Retail Market to Reach $4.4 Billion USD by 2024
Point Roberts WA, Vancouver BC – August 16, 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.
Listen
to today’s podcast:
Read
this in full at https://www.investorideas.com/news/2019/artificial-intelligence/08162AIEye-ACN-INTC-VERI.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:ACN) (NYSE:WIT) (NasdaqGS:INTC) (NasdaqGM:VERI)
Accenture (NYSE:ACN) has entered an agreement to acquire Australian big data and analytics
consultancy Analytics8. According to the press release, “Analytics8 provides
data and analytics solutions to some of Australia’s largest organisations”.
Amit Bansal, a managing director at Accenture who leads its analytics and
artificial intelligence business in Australia and New Zealand, commented:
“In
this data-driven age, organisations are increasingly seeking to harness the
power of their information for competitive advantage and to identify
opportunities for revenue growth and cost reduction. Together we will offer a
unique, AI-based approach to help clients combine data, analytics and
automation at scale.”
Wipro Limited (NYSE:WIT) has launched three edge AI starter solutions
powered by Intel (NasdaqGS:INTC) Xeon Scalable processors. These
include:
Pipe
Sleuth:
an automated anomaly detection solution designed to eliminate the need for
manual review and coding of video scans of utilities pipeline infrastructure.
Surface
Crack Detection:
which uses AI to detect and label cracks in infrastructure like buildings,
roads, pavement, and bridges.
Medical
Imaging:
which uses AI to identify regions of interest and label abnormalities in
medical X-Rays and CT scans.
Veritone, Inc. (NasdaqGM:VERI) has announced an agreement with podcast hosting platform ART19.
According to the press release, the latter will leverage Veritone’s aiWARE “to
run cognitive analysis and topical extraction on publisher podcasts that are
part of ART19’s targeted ad sales platform, making it possible for ART19’s
advertising partners to target ads based on the content of an individual
podcast episode”. Lex Friedman, chief revenue officer at ART19, commented:
“ART19
knows podcast advertising works. And advertisers know that ads can be
incredibly successful if they’re reaching the right listeners at the right
time. By adding aiWARE to our platform, we’re empowering buyers to target ads
to consumers based on the content of the episode they’re listening to.
Listeners appreciate contextual and relevant ads — and that means they pay more
attention to them.”
Global
AI in Retail Market to Reach $4.4 Billion USD by 2024
A report from VynZ Research finds that the global AI
in Retail market will grow to $4.4 billion USD by 2024 with a compound annual
growth rate (CAGR) of 35.5 percent in the forecast period 2019-2024. An excerpt
from the report description outlines the market drivers:
Global
AI in retail market has been driven by several key factors, predominantly
increasing adoption of AI solution by e-commerce companies, growing investments
by retail companies in AI technology, and growing mobile internet penetration.
The
utilization of AI in retail, traverses each part of the business. Regardless of
whether the objective is to upgrade the store network, utilize existing
information to build change, or tweak shopping encounters with prescient
displaying and smaller scale focusing on or estimating, AI can help address
these difficulties in the retail space.
Expanding
selection of AI innovation among retailers for multi-channel showcasing can be
seen as one of the major factors for the growth of the AI in retail market. The
enormous volume of information produced based on in-store shopper conduct,
email advertising, and crusade the board, when analyzed, helps identify
consumption patterns and develop personalized campaigns, in this manner
encouraging better decision making.
Sam Mowers,
Investorideas.com
For
a list of artificial intelligence stocks on Investorideas.com visit
here
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