#AIEye
#Podcast 610: #Stocks discussed: (NYSE: $ORCL) (NYSE: $VZ) (NasdaqGS: $XRX) #artificialintelligence
Oracle
Adds New AI Capabilities to Financial Services Compliance Application, and
Verizon Business Partners with CareAR to Enhance Service and Customer
Experience
Global
Edge #AI #Software Market to Reach $2.27B in 2027
Point Roberts WA, Vancouver BC – October 4, 2021 – 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/2021/100421-AI-Eye.mp3
Read
this in full at https://www.investorideas.com/news/2021/artificial-intelligence/10041ORCL-VZ-XRX.asp
Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NYSE:ORCL) (NYSE:VZ) (NasdaqGS:XRX)
Oracle Corporation (NYSE:ORCL) has announced new AI governance capabilities to its
Oracle Financial Services Compliance Studio application, including “a new
visualization canvas that fosters more inclusive machine learning model
creation, alerts for potentially sensitive issues, and new in-memory sandboxes
to more easily create and refine models.” John Edison, group vice president,
software development, Oracle Financial Services, explained:
"There
is clear consensus across financial institutions that AI and machine learning
have tremendous potential to increase the effectiveness of anti-money laundering
and other financial crime detection programs, and deliver higher efficiencies
in the investigative process. However, there are hurdles to ensuring that AI is
used responsibly and ethically in a way that is fair, transparent, and easily
understood. The new capabilities in Oracle Financial Services Compliance Studio
provide the right governance and controls required to meet these
objectives."
Verizon Business (NYSE:VZ) and CareAR, a subsidiary of Xerox (NasdaqGS:XRX), have announced a strategic partnership to transform
the latter’s service and customer experience. This will bring together
Verizon’s 4G, 5G networks, and near real-time compute technology with CareAR’s
augmented reality and AI-based platform, allowing technicians to “remotely and proactively resolve
service issues faster, smarter and more safely, leading to a more efficient
customer experience.”
CareAR’s President, Sam Waicberg, said:
“CareAR
is focused on making expertise accessible - instantly and with context. Users
are empowered with on-demand visual access to experts and instructional content
delivered to their preferred device. Our strategic partnership with Verizon
enables us to push these capabilities even further, resulting in improved
customer outcomes and helping to solve major challenges for service providers,
such as reducing carbon emissions and bridging the talent gap.”
Global
Edge AI Software Market to Reach $2.27B in 2027
A report published by Market Research Future finds that the global
Edge AI Software market is projected to reach $2.27 billion USD in 2027,
registering a compound annual growth rate (CAGR) of 21.3 percent in the
forecast period 2021-2027. An excerpt from the report’s description outlines
drivers influences the market’s growth:
There
is a broad list of edge AI applications. Facial recognition and real-time
traffic reports on smartphones and semi-autonomous vehicles or intelligent
devices. Video games, smart speakers, robots, drones, security cameras, and
wearable health monitoring devices are among the other Edge AI-enabled items.
The security camera detection procedure will benefit from edge AI. Traditional
surveillance cameras capture images for hours before storing and using them as
needed. With Edge AI, however, the algorithmic procedures will be carried out
in real-time in the system itself, allowing the cameras to detect and process
suspicious activity in real-time, resulting in more efficient and
cost-effective services. The capacity of autonomous vehicles to process data
and images in real-time to identify traffic signs, pedestrians, other cars, and
roads will rise through Edge AI, enhancing transportation security.In terms of
industrial IoT, Edge AI will lower costs and increase safety (IIoT). Machine
Learning will recompile data in real-time of the entire process, while AI will
watch machinery for probable defects or faults in the production chain.
Sam Mowers, Investorideas.com
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AI Eye
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