The
#AIEye: Nvidia Builds on DRIVE AV Autonomous Vehicle Software with Safety Force
Field, Cisco Announces Cognitive Collaboration for Webex Platform-Stocks
discussed: (NasdaqGS: $NVDA) (NasdaqGS: $CSCO) (CSE: $CRL.C)
Global
#AI in Food & Beverage Market 2019-2024 to Grow at 65.3% CAGR
Point Roberts WA , Vancouver BC – March 20, 2019 –
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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Global
AI in Food & Beverage Market 2019-2024 to Grow at 65.3% CAGR
A new report published on Research and Markets projects that the global
AI in Food & Beverages market is expected to grow at a compound annual
growth rate (CAGR) of 65.3 percent from 2019 to 2024. An excerpt from the
report description identifies some key trends:
AI
is being applied to understand the consumer behavior, which is expected to lead
to more accurate predictions. It can further enable marketers and organizations
to reach out to the customers at a personal level, engage in deeper
interactions, and enhance their overall experience with the brand.
Furthermore,
many consumers are adopting chabots, as they can effectively work on the
offline mode. An American express report stated that more than 50% of the
customers are willing to spend more in the companies that provide superior
customer service. This opens up a tremendous opportunity for AI, which, in
turn, is likely to fuel the growth of AI in the food and beverage sector.
AI
can also help to analyze, monitor, and deduce the customer behavior and
sentiments across the various social media channels. Therefore, when AI builds
an in-depth customer profile, it matches it to their social experiences about
the product. With the help of such powerful insights, firms can now aim to
improve the customer experience and make it more productive, thereby leading to
the growth of the market.
Nvidia
Builds on DRIVE AV Autonomous Vehicle Software with Safety Force Field, Cisco
Announces Cognitive Collaboration for Webex Platform and Carl Data Solutions
Signs MOU for AI Water Monitoring
Stocks
discussed: (NasdaqGS:NVDA) (NasdaqGS:CSCO) (CSE:CRL)
NVIDIA Corporation (NasdaqGS:NVDA) has built on its NVIDIA DRIVE
AV autonomous vehicle software with a new planning and control layer called the
Safety Force Field (SFF). Utilizing sensor
data, SFF analyzes the environment to calculate actions “necessary to mitigate
potential danger”. David Nister, vice president of Autonomous Driving Software
at NVIDIA, said:
“By
removing human error from the driving equation, we can prevent the vast
majority of collisions and minimize the impact of those that do occur. SFF is
mathematically designed such that autonomous vehicles equipped with SFF will,
like magnets that repel each other, keep themselves out of harm’s way and not contribute
to unsafe situations.”
Cisco Systems, Inc. (NasdaqGS:CSCO) has announced the Cognitive Collaboration feature
for its online conferencing platform Webex. Cognitive Collaboration leverages
AI and machine learning technology such as facial recognition to streamline the
conferencing experience. Amy Chang, SVP and GM, Collaboration Technology Group,
Cisco, commented:
"Cognitive
Collaboration is a game changer for Cisco customers across all industries. When
we enable people to collaborate from wherever they are in a way that's
intuitive, easy and smart, we make their work and life experiences better and
more productive."
Carl Data Solutions, Inc. (CSE:CRL) and their wholly-owned subsidiary
Astra Smart Systems have signed an MOU with the conservationist Living
Lakes Canada “to build and deploy an end-to-end IIoT solution for advanced AI
water monitoring”. The project aims to use AI and IIoT to bridge gaps in environmental
data. Greg Johnston, Carl Data CEO and President, said:
"This
project highlights the key importance of data collection. Access to data, and
the tools to extract actionable information from that data, are how we can
protect environmental assets and critical infrastructure from potential impacts
caused by changing environmental conditions."
Sam
Mowers, Investorideas.com
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