The
#AIEye: Windfall Geotek (TSXV: $WIN.V) Announces EagleEye #Drone for #AI-Driven
Mining Exploration and Datametrex AI (TSXV: $DM.V) Working with US Gov’t on #COVID19
Global
AI in Manufacturing Market to Reach $27 Billion by 2027
Point Roberts WA, Vancouver BC – March 30, 2020 – Investorideas.com (www.investorideas.com), a global investor news source covering
Artificial Intelligence (AI) brings you today’s edition of The
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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (TSXV:WIN) (TSXV:DM)
Windfall Geotek Inc. (TSXV:WIN)
has announced the launch of EagleEye, described as
“a drone-based solution for AI-driven digital exploration in mining.” The company
plans to partner “with operators of leading surveying companies to obtain
geophysical data and generate potential drill targets using drones, modified
sensors, and the CARDS (Computer Aided Resources Detection System) AI software
system.” Michael Fontaine, President and CEO of Windfall Geotek, commented:
"Our
new services have allowed us to bring to market the survey, sensor, and
AI-driven software for digital exploration. Our ability, in the mining sector,
to find targets is directly tied to the quality of the source data we receive
from our customers. EagleEye will allow us to work more closely with our
customers, generating a better return for their investors with our CARDS
AI-generated targets.
Datametrex AI Limited (TSXV:DM)
is working with agencies in the U.S. government
on social media relating to COVID-19. Datametrex AI CEO Marshall Gunter
explained:
“We
are thrilled to be working with the US Government on this very important issue.
We recently completed work for Democracy Labs on #disinformation in social
media regarding #covid19 and #coronavirus and secured a relationship with
Carnegie Mellon University IDeaS. Both announcements assisted in getting
Nexalogy in front of the Government Agencies for this current opportunity in
the United States. The solid foundation we have built over the past years with
our Canadian Government clients like
DRDC, the Canadian Military and NATO have positioned Datametrex to be
able to provide military grade solutions for today's social media challenges.”
Global
AI in Manufacturing Market to Reach $27 Billion by 2027
A report from Meticulous Research finds that the global AI
in Manufacturing market is expected to reach $27 billion by 2027 with a
compound annual growth rate (CAGR) of 39.7 percent in the forecast period. An
excerpt from the report description outlines the heavy metals and machine
segment of the market:
Based
on industry vertical, the automotive sector commanded the largest share of the
overall AI in manufacturing market in 2019. However, the heavy metals &
machine manufacturing sector is projected to grow with the fastest CAGR during
the forecast period. In order to remain competitive, attract new talent, and
retain knowledge from an aging workforce, the metal and material manufacturing
companies are increasingly adopting
smart technologies like Artificial Intelligence (AI). The factors such
as growing need to optimize the production line, reduce unplanned downtime,
improve operational productivity, reduce cost, and create synergies across the
facility fuels the adoption of AI in metal and materials manufacturing sector.
Moreover, the core focus of AI in metals is managing continuous production
processes to ensure equipment reliability and consistency. This means using AI
in areas like tracking, predicting and managing quality, and eliminating
variability by learning from historical data.
Sam Mowers, Investorideas.com
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