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The AI Eye: Accenture (NYSE: $ACN) Co-Launches Unreasonable FUTURE Initiative, Grupo Fleury Works with FICO (NYSE: $FICO) on Demand Planning Management Platform

AI in Agriculture to Reach $980 Million in 2024 with 24.7% CAGR

 

Point Roberts, WA and Vancouver, BC - March 29, 2019 (Investorideas.com Newswire) 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: Accenture (NYSE: $ACN) Co-Launches Unreasonable FUTURE Initiative, Grupo Fleury Works with FICO (NYSE: $FICO) on Demand Planning Management Platform

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

AI in Agriculture to Reach $980 Million in 2024 with 24.7% CAGR

New research from Reports Monitor indicates that the global AI in agriculture market is projected to grow from $330 million in 2019 to $980 million in 2024, registering a compound annual growth rate (CAGR) of 24.7 percent. An excerpt from the report summary reads:

Artificial Intelligence (AI) in Agriculture Market size is being driven by the growing adoption of the robots in agriculture. Increasing consumption and rising requirement of better yield of crops are estimated to be one of the major factors that is fueling the demand of robots in agriculture.

Artificial Intelligence (AI) in Agriculture is mainly used for three applications: Precision Farming, Livestock Monitoring, Drone Analytics, Agriculture Robots, Others. And Precision Farming was the most widely used area which took up about 35.6% of the global total in 2018. However, in the future, Agriculture Robots will occupy more share.

Accenture Co-Launches Unreasonable FUTURE Initiative, Grupo Fleury Works with FICO on Demand Planning Management Platform and LogMeIn Establishes AI Center for Excellence

Stocks discussed: (NYSE:ACN) (NYSE:FICO) (NasdaqGS:LOGM)

Accenture (NYSE:ACN), in collaboration with Unreasonable Group, has launched Unreasonable FUTURE, a multi-year initiative that brings together growth-stage ventures with investors, policy makers, serial entrepreneurs, executives, and thought leaders. Daniel Epstein, founder and CEO of Unreasonable Group said:

"Unreasonable FUTURE is bringing together a hand-selected portfolio of entrepreneurs to make sure the future workplace benefits everyone. This initiative proactively addresses the unintended consequences of AI, machine learning, up-skilling and the entire digital transformation that is emerging."

Grupo Fleury, one of Brazil's largest diagnostic medical companies, has worked with FICO (NYSE:FICO) on an automated demand planning management platform. Alexandre Graff, general manager for FICO in Latin America, commented:

"Our team worked closely with Grupo Fleury to build a forecast tool with a powerful analytics engine. This is an excellent example of combining classical statistical time-series models with AI / machine learning techniques and an intuitive user experience to improve speed and performance."

LogMeIn, Inc. (NasdaqGS:LOGM) has established the AI Center for Excellence based in Herzliya, Israel. The center will lead the company's research, development and advancement efforts in AI, focusing on bringing Natural Language (NLP) and Speech technologies to LogMeIn's product line-up. Amit Ben, Head of AI at LogMeIn, said:

"At LogMeIn we are leading the movement towards better global business communication, and AI is quickly becoming an essential component in any modern solution. Building on our already strong AI foundation, the new Center of Excellence will provide us with the ability to dedicate even more time and resources to creating game-changing technologies and deploy them across our entire product portfolio."

Sam Mowers, Investorideas.com


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