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The AI Eye: Accenture (NYSE: ACN) Announces Third Innovation Hub in India, Honeywell (NYSE: HON) Launches AI-Solution for Building Energy Consumption and Minerva (TSXV: MVAI) to Showcase AI-Powered Mining Solution TERRA

 

Point Roberts, WA and Vancouver, BC - February 26, 2020 (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: Accenture (NYSE: ACN) Announces Third Innovation Hub in India, Honeywell (NYSE: HON) Launches AI-Solution for Building Energy Consumption and Minerva (TSXV: MVAI) to Showcase AI-Powered Mining Solution TERRA

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

Stocks discussed: (NYSE:ACN) (NYSE:HON) (TSXV:MVAI)

Accenture (NYSE:ACN) has announced the opening of its third Innovation Hub in Pune, India enabling clients to "co-innovate with Accenture experts" in tech such as extended reality, artificial intelligence, the internet of things, blockchain and quantum computing. Bhaskar Ghosh, group chief executive, Accenture Technology Services, explained:

"Rapid technology innovations are increasing the competitive pressure on businesses across the globe. At Accenture, we are focused on helping our clients predict and prepare for these changes by applying advanced technologies to shape their future. Our new Innovation Hub in Pune will bring together the best of Accenture's technology and innovation capabilities from around the world, enable our clients to scale their technology investments and boost their business outcomes across the enterprise, and create new opportunities for local talent."

Honeywell International Inc. (NYSE:HON) is launching Honeywell Forge Energy Optimization, described as "a cloud-based, closed-loop, machine learning solution that continuously studies a building's energy consumption patterns and automatically adjusts to optimal energy saving settings without compromising occupant comfort levels." Mansoor Al Awar, Chancellor of Hamdan Bin Mohammed Smart University, commented:

"As a smart university, we look to deploy the latest technology across our campus and ensure our buildings are efficient. We were pleasantly surprised by the results we saw from Honeywell Forge and its ability to drive further energy savings beyond our achievable optimization with the techniques we have. Our further partnership with Honeywell will help to support the advancement of artificial intelligence (AI) modeling for building automation and provide our students with first-hand applications of how AI and machine learning (ML) will drive operational efficiencies in buildings. Our goal is to collaborate with leading organizations like Honeywell that support our vision of educating the innovators of tomorrow."

Minerva Intelligence Inc. (TSXV:MVAI) will be exhibiting its AI software at the PDAC 2020 Convention, from March 1-4 in Toronto, Canada. In particular, the company will showcase its AI-powered mining software ecosystem TERRA. An excerpt from the press release breaks down TERRA:

Minerva's core competency is combining machine intelligence with human intelligence to produce explainable, rapid conclusions that enable cost-effective decision-making. With the new TERRA software suite, Minerva has utilized this knowledge to put together a range of four unique products to improve the operation of exploration and mining companies:

  • SOLACE - Prepares data for cognitive AI and machine learning applications
  • TARGET - Cognitive AI application for evaluation of surface exploration data
  • DRIVER - Cognitive AI application for evaluation of mine and exploration drilling data
  • LEO - Document management system optimized for interoperability with AI systems

At press time, Minerva Intelligence stock is up around 9 percent.

Global AI in Education to Reach $25.7 Billion by 2030

A report from Prescient & Scientific Intelligence finds that the global AI in Education market will grow from $1.1 billion in 2019 to $25.7 billion by 2030 with a compound annual growth rate (CAGR) of 32.9 percent in the forecast period. An excerpt from the report description highlights the expected impact of conversational learning in the market:

A key trend observed in the AI in education market is the growing focus on conversational learning. With the increase in focus on digitization and e-learning, conversational learning has become a crucial aspect of education across the world. Conversational learning is a concept in which content is presented as a two-way conversation. Teaching through conversational learning solutions makes the process more interesting, interactive, and customized for students. Chatbots, in this regard, play a pivotal role in the process of learning, as they can be programmed according to the learner's requirements.

Sam Mowers, Investorideas.com

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