The
#AIEye Episode 393: VSBLTY (CSE: $VSBY.C) (OTC: $VSBGF) Signs
Strategic Agreement with Teralight for Smart City Enhancement and NICE (NasdaqGS:
$NICE) RPA Partners with Minit
Global
#AI Image Recognition Market to Reach $7.8 Billion by 2027
Point Roberts WA, Vancouver BC – July 21, 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.
Listen
to today’s podcast:
Read
this in full at https://www.investorideas.com/news/2020/artificial-intelligence/07211AIEye-VSBLTY-NICE.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (CSE:VSBY) (5VS.F) (OTC:VSBGF) (NasdaqGS:NICE)
VSBLTY Groupe Technologies Corp. (CSE:VSBY) (5VS.F) (OTC:VSBGF) and Teralight, a global provider of
over-the-top (OTT) services to mobile network operators, internet service
providers and governments, jointly announced the signing of a strategic alliance
agreement to provide smart city applications enhanced with advanced analytics.
Teralight CEO Melanie Salvador said:
"The
market for IoT/IoE and smart city applications coupled with associated
analytics is growing exponentially worldwide. With the advent of 5G/6G and
Wi-Fi 6, the demand for artificial narrow intelligence, specifically video
surveillance with smart analytics, is leading the way. VSBLTY offers a unique,
affordable and peerless service offering which we intend to develop into a
suite of hosted service offerings, bundled or à la carte, to our customers. We
are pleased to partner with a company entrenched in the Americas. It allows us
to work with our customers with confidence to deliver fantastic products
together with custom deployment experience."
NICE Ltd. (NasdaqGS:NICE) has announced that it's Robotic
Process Automation (RPA) business has partnered with mining software provider Minit
to “help organizations discover optimal processes to automate graphically with
unparalleled accuracy.” The partnership brings together AI and analytics from
NICE with Minit’s “visual and interactive process maps and statistics.” Barry
Cooper, President of the NICE Enterprise Group, commented:
"Smart
process automation discovery is a critical step in ensuring automation success.
This partnership with Minit provides the most intelligent and comprehensive
approach for choosing the processes most conducive to automation success with
flawless precision."
Global
AI Image Recognition Market to Reach $7.8 Billion by 2027
A report published by Research and Markets finds that the global AI
Image Recognition market is projected to grow from $2 billion in 2020 to $7.8
billion by 2027 with a compound annual growth rate (CAGR) of 21.5 percent in
that forecast period. An excerpt from the report’s description outlines growth
projections in different segments of the market:
Hardware,
one of the segments analyzed in the report, is projected to grow at a 21.1%
CAGR to reach US$2.7 Billion by the end of the analysis period. After an early
analysis of the business implications of the pandemic and its induced economic
crisis, growth in the Software segment is readjusted to a revised 23% CAGR for
the next 7-year period. This segment currently accounts for a 41.5% share of
the global AI Image Recognition market.
Sam Mowers, Investorideas.com
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