The
#AIEye Episode 320: Veritone (NasdaqGM: $VERI) Named Winner in 2020 #AI
Excellence Awards
#MachineLearning
Market to Grow by $11.16 Billion from 2020-2024
Point Roberts WA, Vancouver BC – March 27, 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: (NasdaqGM:VERI) (TSXV:ADK)
Veritone, Inc. (NasdaqGM:VERI)
has been named as a winner in the 2020 Artificial
Intelligence Excellence Awards program from Business Intelligence Group for its
Veritone IDentify and Veritone Redact applications, which are powered by its
aiWARE platform. According to the press release, “Veritone IDentify and
Veritone Redact lower the barrier to access cutting-edge AI, enabling sectors
like law enforcement and government to realize the power of the technology.
Taken together, these products empower public safety by accelerating the
identification of potential criminal suspects and protecting the privacy of
civilians.” Jon Gacek, Head of Government, Legal and Compliance at Veritone,
commented:
"We
are honored to be recognized as a top provider of AI solutions, particularly
for our turnkey applications for law enforcement agencies, IDentify and Redact.
For the last several years, our team has worked hard to provide innovative
tools to accelerate workflows, save costs and valuable resources, and protect
the public. This award aligns with the traction we are getting in the market
and represents a huge milestone and great recognition for our team. We are
excited to continue to bring innovative, pragmatic AI solutions to the table
for these important sectors."
DIAGNOS Inc. (TSXV:ADK)
has responded to the “Call to Action” initiative by
the White House Office of Science and Technology Policy with its AI medical
platform FLAIRE. FLAIRE will be leveraged in an effort to “identify key factors
that could assist in the battle against the Coronavirus.” André Larente, CEO of
Diagnos, explained:
“Diagnos AI
platform has been built to address the complexity of multiple sources of data
that includes text mining, data mining and medical imaging. The proprietary
technology has been developed over a number of years in order to identify
medical challenges, for example cardiovascular issues have resulted in new
tests to address hypertensive patient complications and to predict a potential
stroke. The intention of FLAIRE in response to the White House Call to Action
is to assist in resolving some of the issues caused by the virus by analyzing
the dataset made available by the US authorities.’’
Machine
Learning Market to Grow by $11.16 Billion from 2020-2024
A report from Technavio finds that the Machine Learning
market will grow by $11.16 billion from 2020-2024 with a compound annual growth
rate (CAGR) of nearly 39 percent. An excerpt from the report snapshot outlines
key drivers and trends observed in the market:
The
rising adoption of recommendation systems will be one of the significant factors
that will have a positive impact on the growth of the market. Recommendation
systems are used across a wide range of industries and are primarily popular
among companies that offer products through online media, to gather huge data
on customer behavior. This is mainly adopted by e-commerce companies to assist
consumers in getting recommendation offers on products from different vendors.
Additionally, it also helps in building a strong customer relationship and in
generating high profitability for businesses. Machine learning concepts play a
vital role in the creation of recommendation systems. The rise in online retail
increased the number of applications using the recommendation systems. This, in
turn, will fuel the machine learning courses market growth, powered by the
increasing R&D activities on search engines by companies in the online
retail sector.
Sam Mowers, Investorideas.com
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