#AIEye
Episode 442: VMware (NYSE: $VMW) Unveils Project Monterey and VIQ (TSX: $VQS.V)
Deploys MobileMic Pro Dictation to Over 150 Officers at Nampa Police Dept
North
American AI in Asset Management Market to Exhibit CAGR of 39.7%
Point Roberts WA, Vancouver BC – September 29,
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.
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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:VMW) (TSXV:VQS)
VMware, Inc. (NYSE:VMW) has unveiled Project Monterey, described in the
press release as “a technology preview focused on evolving its architecture for
the data center, cloud and edge to address the changing requirements of
next-generation applications including AI, machine learning and 5G applications.”
Rajiv Ramaswami, COO, products and cloud services, VMware, said:
"Organizations
are introducing increasingly sophisticated applications from cloud-native to
machine learning to streaming apps that are distributed and data intensive.
We’re announcing Project Monterey to help customers address the shifting
requirements of next-gen apps. By re-imagining the architecture of the data
center, cloud and edge, we expect to offer customers the freedom to run these
apps in the best environment."
AI-driven digital voice and video capture technology
and services provider VIQ Solutions Inc. (TSXV:VQS) has successfully deployed its MobileMic Pro Dictation to more
than 150 officers in the Nampa Idaho Police Department. According to the press
release, MobileMic “transforms smartphones into mobile capture devices readily
creating secure, high quality recordings,” which are then “transmitted
automatically to the VIQ's proprietary transcription and editing platform,
NetScribe™, powered by aiAssist™, for timely and accurate transcript creation.”
Susan Sumner, Chief Operating Officer, VIQ Solutions, commented:
“We
strive to add value to each client we serve and are always thrilled to hear of
successes like that of Nampa. Our AI-powered solutions are designed to ease and
improve the reporting and documentation demands [of] our clients' experience.
Our end to end solution suite inherently drives efficiencies, optimizes
workflow, and ensures that content is always secure."
North
American AI in Asset Management Market to Exhibit CAGR of 39.7%
A report published by Research and Markets finds that the North
American market for AI in Asset Management will exhibit a compound annual
growth rate (CAGR) of 39.7 percent from 2020-2026. This is slightly below that
of the global market, which is projected to be 41.1 percent. An excerpt from
the report’s description reads:
Artificial
intelligence (AI) is extensively considered as an innovation driver. In the
wealth management sector, AI adoption has led to the expansion of digital
wealth managing platforms and their services. The process of wealth allocation
can also be executed and customized adoption of AI. This continually monitors
the all possible portfolio that ultimately reduces the time required for
traditional wealth allocation process. Automated investment solutions are
presently limited to mutual funds, shares, bonds, and exchange-traded funds.
Though, looking at the AI growth in the financial sector, it is likely to see
that automation will be helpful in structured investments in real-time.
Sam Mowers, Investorideas.com
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