#AIEye #Podcast Episode 497: Veritone (NasdaqGS: $VERI) Announces Public Launch of Automate Studio and Datametrex (TSXV: $DM.V) Releases Nexalogy’s SMART
Global
AI Market to Reach $312.4 Billion by 2027
Point Roberts WA, Vancouver BC – December 16, 2020 – 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
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Today’s
Column- The
AI Eye- Watching stock news, deal tracker and advancements
in artificial intelligence
Stocks
discussed: (NasdaqGS:VERI) (TSXV:DM)
Veritone, Inc. (NasdaqGS:VERI)
has announced the public launch of Veritone
Automate Studio, described in the press release as “a low-code, web-based
workflow designer tightly integrated with aiWARE,” – the company’s operating
system for artificial intelligence – that “helps organizations embarking on
intelligent process automation (IPA) and hyperautomation initiatives to rapidly
deploy AI-powered workflows without heavy coding and AI expertise, and
integrate resulting content insights into legacy applications and business
processes at scale.” Chad Steelberg, CEO of Veritone, said:
"We
believe that this product’s potential to enable, accelerate and scale business
transformation and pave the way for organizations to achieve hyperautomation is
limitless and will provide organizations with a competitive edge as they
rapidly gain insight into their video, image, audio and text content. In our
pursuit to enable every organization and every person with the power of AI, we
are excited to see what the combination of Automate Studio and aiWARE can do in
driving the industry forward."
Datametrex AI Limited (TSXV:DM)
has announced the release of its advanced
proprietary AI technology, Nexalogy SMART (Social Media Automated Reporting
Technology). According to the press release, “SMART integrates larger sets of
data into smaller, more manageable reports, thus significantly reducing the
number of resource hours required to identify insights.” Marshall Gunter, CEO
of Datametrex AI Limited, commented:
"Our
AI helps you unlock the power of discovery, converting unknown unknowns into
known knowns, activating the hidden potential currently lost in big data. With
social media and unstructured text being a key facet of how businesses and
consumers connect during the pandemic, we feel SMART is uniquely positioned to
assist clients in unlocking potential in current verticals and exploring the
potential of new verticals; for security, we help you discover unknown problems
so you can squash them before they become big problems. For growth, we help you
discover and unlock hidden potential.”
Global
AI Market to Reach $312.4 Billion by 2027
Research published by ReportLinker finds that the global AI market will
reach $312.4 billion by 2027 with a compound annual growth rate (CAGR) of 32.7
percent in the forecast period 2020-2027. An excerpt from the report summary
outlines the utility of AI in addressing COVID-19, and its impact on the
market:
Use
of AI in myriad fields has skyrocketed during the pandemic, with the unpreceded
crisis driving desperate search for new tools to manage and survive the
pandemic. AI is being used for early detection, diagnosis of the infection;
development of drugs, vaccines; and for reducing workload of healthcare
workers. Artificial intelligence (AI) has emerged as a powerful tool in the war
against COVID-19.
Sam Mowers, Investorideas.com
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