The
#AIEye Episode 414: Accenture (NYSE: $ACN) and Intel (NasdaqGS: $INTC) Leverage
#AI and Neuromorphic Computing for “Wheelchair-Mounted Robotic Arm”, NICE (NasdaqGS:
$NICE) Announces Launch of AI-Powered Actimize Xceed Platform
Global
Image Recognition in Retail Market to Reach $4.48 Billion by 2026
Point Roberts WA, Vancouver BC – August 19, 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:
https://www.investorideas.com/Audio/Podcasts/2020/081920-AI-Eye.mp3
Read
this in full at http://www.investorideas.com/news/2020/artificial-intelligence/08191AIEye-ACN-INTC-NICE.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:ACN) (NasdaqGS:INTC) (NasdaqGS:NICE)
Accenture (NYSE:ACN) and Intel (NasdaqGS:INTC) are supporting a neuromorphic computing research
project led by the Neuro-Biomorphic Engineering Lab (NBEL) at the Open
University of Israel in collaboration with ALYN Hospital. Both firms are
leveraging their experience in neuromorphic computing and artificial
intelligence to help with the development of the neuromorphic algorithm for “a
wheelchair-mounted robotic arm,” aimed at assisting patients with performing
daily tasks. Mike Davies, director of Intel’s Neuromorphic Computing Lab, said:
"Neuromorphic
computing is a natural fit for assistive technologies, given its low power
requirements and ability to learn and adapt to new situations in real time.
Through Intel and Accenture’s work with the Open University of Israel and ALYN
Hospital, we hope to unlock new capabilities for mobility impaired children and
improve the patients’ quality of life."
NICE Ltd. (NasdaqGS:NICE) has announced the launch of the AI-powered NICE
Actimize Xceed platform, “which integrates best-in-class AI, data intelligence,
behavioral analytics, and insights within a unified cloud platform,” to
“modernize their financial crime risk management solutions.” According to the
press release, Xceed’s “self-learning capabilities immediately and autonomously
adapt to new threats, helping financial institutions meet today’s dynamic risk
management needs with laser accuracy, speed and simplicity, and without the
need for a team of data scientists.” NICE Actimize CEO Craig Costigan said:
"We
are pleased to bring our customers the unique combination of proven expertise
with best-in-class innovation in both Artificial Intelligence and the cloud,
presenting a major opportunity to further support financial services
organizations of all sizes. Xceed is based on the proven AI models deployed at
hundreds of Guardian Analytics and Actimize customers, leveraging the best
innovations of both and bringing the industry its most advanced machine
learning capabilities for complete financial crime risk management coverage.”
Global
Image Recognition in Retail Market to Reach $4.48 Billion by 2026
A report published by Research and Markets finds that the global
Image Recognition in Retail market will reach $4.48 billion by 2026 with a
compound annual growth rate (CAGR) of 21.1 percent in the forecast period
2019-2026. An excerpt from the report’s description outlines the market:
Image
Recognition is the process of analyzing an input image and predicting its
category from a set of categories. Recent advancements in artificial
intelligence and machine learning have hugely contributed to the growth of
image recognition in the retail sector. Within the retail sector, there have
been several applications across security, marketing, payment, and shopping
& customer service. The most exciting application is around the recognition
of a real-world object and searching for a marketplace for products that
closely match.
Factors
such as rising technological developments and need to increase on-shelf
availability are driving the growth of the market. Though, high risk related to
customer data thefts and high costs of image recognition services is
restraining the growth of the market.
Sam Mowers, Investorideas.com
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