The
#AIEye: VSBLTY (CSE: $VSBY.C; OTC: $VSBGF) Teams with Shepard to Demo Cutting
Edge Traffic and Engagement Metrics and Honeywell (NYSE: $HON) Acquires TruTrak
Flight Systems
Global
#AI in Construction Market to Hit $4.51 Billion by 2026
Point Roberts WA, Vancouver BC – July 24, 2019 – Investorideas.com (www.investorideas.com), a global investor news source covering
Artificial Intelligence (AI) brings you today’s edition of The
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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
VSBLTY
Teams with Shepard to Demo Cutting Edge Traffic and Engagement Metrics and
Honeywell Acquires TruTrak Flight Systems
Stocks
discussed: (CSE:VSBY) (5VS.F) (VSBGF) (NYSE:HON)
VSBLTY Groupe Technologies Corp. (CSE:VSBY) (5VS.F) (VSBGF) is teaming with Shepard Exposition Services to
demonstrate advanced attendee traffic and engagement metrics for trade show
organizers and exhibitors at the Shepard Sandbox User Conference held through
July 25 at the Louisville Marriott Downtown in Louisville, KY. VSBLTY will
leverage its VisionCaptor™ and DataCaptor™ solutions, which combine motion
graphics and interactive brand messaging with Facialanalytics™ in a
demonstration to visitors to the conference at the Shepard kiosk and command
center. Jay Hutton, VSBLTY co-founder and CEO, explained:
“In
addition to gaining never before available metrics about visitors to booths and
demonstrations, exhibitors can also significantly enhance security with our
VSBLTY Vector™. This cutting-edge software technology uses artificial
intelligence and machine learning to—in milliseconds—identify individuals from
a pre-loaded database as well as any type of weapon.”
Honeywell (NYSE:HON) has acquired TruTrak Flight Systems – a leader in
autopilots for experimental, light-sport and certified aircraft – which
will be integrated into the former’s BendixKing business to deliver affordable
technologies to the experimental and general aviation markets. TruTrak owner
and CEO, Andrew Barker, commented:
"Honeywell
and BendixKing's capabilities in the aerospace industry will accelerate the
continued development of the products TruTrak has built from the ground up.
Their vision for autopilots aligns with ours, and personally I am very excited
to join the BendixKing team and use the extensive resources now available to us
to continue forging the future of autopilots."
Global
AI in Construction Market to Hit $4.51 Billion by 2026
New research from Reports and Data finds that the global AI
in Construction market will grow from $429.2 million in 2018 to $4.51 billion
by 2026 with a compound annual growth rate (CAGR) of 34 percent in the forecast
period 2019-2026. An excerpt from the report description summarizes trends
observed in the market:
●
Artificial
intelligence, along with machine learning algorithms, is used in different
construction workflows such as quality check, scheduling, issue tracking,
safety management, resource, and design management.
●
It
has been crucial for firms to analyze the safety hazards at the work site,
making it possible to hold safety briefings to reduce elevated risks and
improve the overall safety on construction sites.
●
AI
and machine learning can frame the accurate distribution of labor and machinery
across different requirements, preventing budget overruns. For example, it can
reveal the construction site, which requires adequate coverage and where it can
be short staffed, thereby allowing a cost-effective repositioning of workers.
●
AI
can further generate and analyze data for improving the productivity of the
next projects.
●
AI
in the construction industry can evaluate the priorities of risks and further
make suggestions regarding the possible solutions.
●
Artificial
intelligence can be used to plan and generate data related to the project or
contract, and then implement elements of real-time training to enhance skills
and improve team leadership.
●
However,
these technologies are yet to be accepted by a part of the population.
Moreover, lack of skilled professionals and the increasing cases of privacy
invasion, are some of the factors responsible for limiting the market growth.
Sam Mowers,
Investorideas.com
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