#AIEye
Episode 403: VSBLTY (CSE: $VSBY.C) (OTC: $VSBGF) and Partner Retailigent
Contracted for Audience Analytics in Pet Store Chain, Virtusa (NasdaqGS: $VRTU)
Achieves Silver-Level Certification from Blue Prism for RPA
Global
AI in Manufacturing Market to Reach $16.7 Billion by 2026
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AI Eye- Watching stock news, deal tracker and advancements
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Stocks
discussed: (CSE:VSBY) (5VS.F) (OTC:VSBGF) (NasdaqGS:VRTU)
VSBLTY Groupe Technologies Corp. (CSE:VSBY) (5VS.F) (OTC:VSBGF), along with its Mexico partner
Retailigent Media has been contracted to provide advanced audience
analytics and customer engagement technology in a Mexican chain of pet stores.
Rodrigo Velasco, Retailigent Media CEO & Co-founder, said:
"The
pet store deployment will utilize digital shelf strips, small interactive
surfaces, real-time audience analytics and touchless interface for customer
engagement. The initial installations will be in 10 locations but is expected
to roll to 85 locations in the short term.”
VSBLTY Co-founder & CEO Jay Hutton added:
"This
represents an interesting and exciting move into a new brand category for
VSBLTY and Retailigent. We are anxious to see if the sales lift experienced
with other brands will be duplicated in the pet food category."
Virtusa Corporation (NasdaqGS:VRTU)
has achieved Silver-level Delivery Provider
Certification from Blue Prism, having passed a rigorous certification process
for the latter’s intelligent Robotic Process Automation (RPA) solutions, and
proving its ability to demonstrate customer success. Raymond Hennings, EVP and
head of global sales, alliances, and strategic deals, Virtusa, commented:
“Virtusa’s
application of RPA focused on banking and financial services sets the
foundation for success when solving the CIO’s dual challenge of keeping
business running while reducing costs. The Blue Prism Silver Delivery
Partnership reinforces Virtusa’s commitment to innovating within industry best
practices to continue delivering the infrastructure our clients demand now and
in the future.”
Global
AI in Manufacturing Market to Reach $16.7 Billion by 2026
Research published by ReportLinker finds that the global AI in Manufacturing market will grow from
$1.1 billion in 2020 to $16.7 billion by 2026 with a compound annual growth
rate (CAGR) of 57.2 percent in that forecast period. An excerpt from the
report’s summary reads:
The
major drivers for the market are the increasing number of large and complex
datasets (often known as big data), evolving Industrial IoT and automation,
improving computing power, and increasing venture capital investments. The
major restraint for the market is the reluctance among manufacturers to adopt
AI-based technologies. The critical challenges facing the AI in manufacturing
market include limited skilled workforce, concerns regarding data privacy, and
significant financial and operational impact of the COVID-19 outbreak on
manufacturing.
Sam Mowers, Investorideas.com
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