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The #AI Eye: Gopher (OTCQB; $GOPH) Completes Phase I of #AI Based #Robotics Research, Accenture ( $ACN) Partners with Splice Machine

AI in Manufacturing to See 40% CAGR from 2019-2025

 

Point Roberts, WA and Vancouver, BC - February 20, 2019 (Investorideas.com Newswire) 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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The #AI Eye: Gopher (OTCQB; $GOPH) Completes Phase I of #AI Based #Robotics Research, Accenture ( $ACN) Partners with Splice Machine

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Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence

AI in Manufacturing to See 40% CAGR from 2019-2025

According to new data published by Global Market Insights, the AI in manufacturing market is projected to exhibit a compound annual growth rate (CAGR) of more than 40 percent in the forecast period of 2019 - 2025. An excerpt from the report summary reads:

The exponential growth in digital data is driving growth of artificial intelligence in manufacturing market. It is estimated that by 2020, approximately 1.7 megabytes of new data will be created every second. It is further estimated to grow at an annual growth rate of 40% over the next 10 years. This growth is credited to the increasing adoption of big data technologies and IoT devices along with the rise in popularity of cloud platforms among enterprises. This is encouraging the adoption of the advance data analytics solutions among the manufacturers to process the data and extract actionable insights.

However, the adoption of the technology in the manufacturing sector is still in the nascent stage due to the presence of several challenges in implementation of the AI technology in the industries. The complex nature of the industrial data and lack of skilled IT workforce in the industrial plants is hindering the adoption of the technology.

Gopher Completes Phase I of AI Based Robotics Research, Accenture Partners with Splice Machine and Hewlett Packard Announces HPE Edgeline EL8000

Stocks discussed: (OTCQB:GOPH) (NYSE:ACN) (NYSE:HPE)

Gopher Protocol Inc. (OTCQB:GOPH) has completed Phase I of its AI based robotics research. This first phase focussed on providing robots with the autonomous capacity to learn and acquire knowledge based on detection, analysis and experience, with the aim to imitate the human cognitive system. Gopher CTO Dr. Danny Rittman explained:

"In our first phase of robotics research we are focusing on implementing our Avant! AI engine into mechatronics and computing system to enable robotic interactions within our normal environment, adapting to a constant-changing environmental conditions. Until recently, robotic machines were designed according to its environment and tolerated minimal variations. Our vision is to create a robotic system that is self adapting to its environment. Our Avant! AI is targeted to become a true unsupervised learning system that will enable skill acquisition and active learning for robotic systems. Our research targets autonomous machines to make better, safer decisions without supervision, and sharing data with other robotic systems to help advance the state of the art in this field. We believe these capabilities will ultimately be applied in a diverse range of sectors including autonomous transport, health care, finance, energy, manufacturing, security, military, education, and public services."

Accenture (NYSE:ACN) is partnering with emerging operational AI company Splice Machine, allowing clients to "implement an AI-fueled platform that can better manage large data transformation projects and enable improved, faster decision-making and encourage innovation at scale". Paul Daugherty, Accenture's chief technology and innovation officer, said:

"Splice Machine's operational AI platform strengthens our ability to deliver on the power of artificial intelligence. With Accenture and Splice Machine's combination of operational, analytical, and intelligent capabilities, we can embed intelligence at the core of our clients' business to make them more agile and become leaders in the age of new IT."

Hewlett Packard Enterprise Company (NYSE:HPE) has announced the HPE Edgeline EL8000 Converged Edge System, which allows communication service providers (CSPs) to process vast amounts of data in real time directly at the edge. Dr. Tom Bradicich, Vice President and General Manager, Converged Servers, Edge and IoT Systems, HPE, said:

"CSPs have come a long way in virtualizing their networks. As this continues, the distribution of converged communications and compute capacity throughout the network will accelerate lower costs and improve service. The HPE Edgeline EL8000 Converged Edge System delivers the capabilities of closed proprietary systems and more, but on an open-standards platform, combined with proven data-center class IT."

Sam Mowers, Investorideas.com


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