#AI and Image
Recognition Technology Set to Change the Future of Marketing, Advertising and
Security; (OTC: $IMTL) (TSX: $ICOX.V) (TSXV: $VQS.V) (TSXV: $UI.V)
Point Roberts WA,
Delta BC – March 6, 2019 – Investorideas.com, a global investor news source covering
Artificial Intelligence issues a special edition of
The AI Eye, looking at how
artificial intelligence is playing a key role in the evolution of image
recognition technology for marketing, advertising and security.
According to Grand View Research, “The global image recognition market size is expected to
reach USD 77.69 billion by 2025, reporting a 19.2% CAGR during the forecast
period.
Continued: “Image recognition technology plays a crucial role in information
technology (IT) and online visual revolution, owing to growth in digitization.
Rising popularity of media cloud services and mobile devices equipped with
cameras has resulted in the growing trend of experience sharing on the web.
This, in turn, has resulted in increased digital data, particularly
unstructured multimedia data, which majorly comprises images and videos.”
Image Protect Inc. (OTC: IMTL), a global leader in
the end-to-end copyright Infringement sector, is posturing for this growing
sector, having announced that it has begun to
on-board world famous celebrity photographer, Idris Erba as a partner and
client. Mr. Erba’s exclusive A-list celebrity clientele portfolio includes
Jamie Foxx, Floyd Mayweather and Cristiano Ronaldo, among others.
Read this in full at https://www.investorideas.com/news/2019/artificial-intelligence/03061AIEye-IMTL-ICOX-VQS-UI.asp
Management notes that
idriserba.com generates millions of hits annually due to the high-profile
subjects depicted and the renowned quality of Mr. Erba’s visual art. The
IPShare App is designed and built to monetize such a site by way of In-Image advertising,
a rapidly growing ad sector that is estimated at over $50 billion in total
size.
In-Image advertising
relies heavily on image recognition - a market that could be worth nearly $39
billion by 2021. Using Artificial Intelligence, Image Protect streamlines image
registration, management, protection and distribution, allowing content
creators to benefit from new revenue models and faster payments.
On the partnership,
Idris Erba stated, “This is going to be a game-changer for brands and
influencers alike. With IPShare, the entire Internet is fair game for the monetization
and protection of celebrity content.”
Also in the sector, ICOx
Innovations Inc. (TSXV:ICOX.V) (OTC: ICOX) recently announced that its client, the
blockchain-based KODAKOne Image Rights Management Platform and the KODAKCoin
cryptocurrency, has generated post-licensing cases valued at over $1M since the
Post-Licensing Portal component of the KODAKOne Platform went live in private
beta in October 2018.
The KODAKOne PLP has
already generated 1,667 new cases since its beta launch in October. Executives
from ICOx Innovations, KODAK and KODAKOne’s creator RYDE Holding, Inc. are
attending CES, where the intention to build the KODAKOne platform was first
announced, to celebrate this milestone. Under the guidance of ICOx Innovations,
the platform is positioned to be a leading service provider to the image
industry with the goal to help agencies and photographers protect their work,
increase image sales and ensure they are fairly compensated. The beta platform
is currently operational and being used by agencies including Blaublut Edition
and Food Centrale, as well as numerous photographers, with multiple
international customers in the pipeline for the next phase of deployment.
Going after video
capture, versus images in the sector, VIQ Solutions Inc. (TSXV: VQS.V), a global provider
of secure, AI-driven, digital voice and video capture technology and services
for law enforcement, legal, insurance, courts, and transcription service
provider markets, reported a strong finish to the
year,
signing significant contracts globally.
“Through our direct
sales team and partnerships with trusted resellers, VIQ continues to deliver
solid results," said Sebastien Paré, President and CEO of VIQ. "As
our markets modernize their capture and transcription platforms, our new
AI-driven solutions mean we can provide a true end-to-end solution to unlock
the true value of data, realizing significant efficiency through greater
process automation.”
Urbanimmersive Inc. (TSXV: UI.V) (OTC: UBMRF), reporting on its
2018 results and subsequent events reported on its entry into the sector via
acquisition:
“The acquisition of
Tourbuzz has allowed Urbanimmersive to have access to highly valuable
intellectual property related to image recognition machine learning Artificial
Intelligence image recognition projects done by Tourbuzz. The Corporation has
recently announced its intention to pursue the development of this AI
technology in its office of Montreal with the goal of further transforming
Urbanimmersive into an even more progressive real estate content marketing
company using natural text languages to assist production of storytelling
contents.”
A recent article on How Visual Recognition is
Set To Change Advertising in
Martech Today summed up this growing future of In-Image advertising and image recognition
saying, “As advertisers, we
are just beginning to reap the benefits of leveraging visual recognition
capabilities. As we move forward and the capability becomes more widespread and
adopted, it will become a key asset.”
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