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The AI Eye Episode 315: Microsoft (NasdaqGS: MSFT) and Kubota Announce Strategic Alliance and mCloud Embeds NYCE Sensors Tech into AssetCare for Smart Facilities

 

Point Roberts, WA and Vancouver, BC - March 19, 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 Episode 315: Microsoft (NasdaqGS: MSFT) and Kubota Announce Strategic Alliance and mCloud Embeds NYCE Sensors Tech into AssetCare for Smart Facilities

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

Stocks discussed: (NasdaqGS:MSFT) (OTC:KUBTY) (TSXV:MCLD)

Microsoft (NasdaqGS:MSFT) and Japanese tractor and heavy equipment manufacturer Kubota Corporation (OTC:KUBTY) have announced a multi-year strategic alliance to accelerate the former's digital transformation. This will see Kubota migrate its IT infrastructure and SAP mission-critical systems onto Microsoft Azure's cloud platform. A part of this alliance will be the two companies collaborating on the launch of the AI Machine Learning Lab, which will be "used to train new developers building AI solutions", and "for developing new services for customers in areas such as agriculture, water system infrastructure and the environment." Microsoft's Executive Vice President Judson Althoff said:

"Kubota is recognized as a leader in environmentally-compatible farming and agricultural equipment. Combining its deep industry experience with the power of Microsoft Azure and AI capabilities will enable delivery of new innovations that help feed a hungry planet, ensure access to clean water, and promote overall sustainability."

mCloud Technologies Corp. (TSXV:MCLD) is embedding advanced sensing technology from NYCE Sensors Inc. into its AssetCare solutions for Smart Facilities. According to the press release, mCloud "has combined NYCE's wireless CO2 sensors for air duct management, building occupancy, and air quality measurement with the AI and analytics provided by AssetCare," to enable "buildings occupied by foodservice operators, facility managers, and commercial property owners to benefit from value beyond baseline energy efficiency by keeping tenants, staff, and customers healthy and safe through the intelligent optimization of building airflow and ventilation." Barry Po, mCloud's President, Smart Facilities, explained:

"Recent scientific research has shown that proper ventilation and airflow can play an important role in reducing the spread of airborne contaminants and pathogens. Today we are tracking CO2 levels and air quality in over 3,000 buildings, continuously improving our AI to make real-time decisions about how to optimize HVAC runtime, improve building comfort, and ensure building occupants avoid the impact of sick building syndrome."

Global AI in Healthcare Market to Grow by $5.16 Billion from 2019-2023

A report from Technavio finds that the global AI in Healthcare market will grow by $5.16 billion from 2019 to 2023 with a compound annual growth rate (CAGR) of more than 28 percent in that forecast period. An excerpt from the report snapshot outlines key drivers and trends in the market:

The healthcare sector has been recording increased penetration of IT-based processes, which have been simplifying the delivery of healthcare services. The advent of smartphones and the rising penetration of the Internet are further accelerating the digitalization of the healthcare sector, which is one of the market growth drivers. The stakeholders in the healthcare sector are recording increased revenue generation with the application of such technologies. As a result, the demand for advanced technologies is growing from the sector and has created growth opportunities for market vendors. AI and advanced analytics are helping healthcare providers in extracting patient-specific information from connected medical devices instead of having to analyze large datasets, which is time-consuming and cumbersome. Such patient-specific information can help them in offering personalized medicines and diagnostics. AI is also being used to develop new drugs.

Furthermore, AI-powered virtual assistants, conversational chatbots for assisting patients, and care providers will compensate for the shortage of medical professionals in the sector. These factors have propelled the need for AI-based systems in the healthcare sector. As a result, the AI in healthcare market growth will be substantial, with a CAGR over 28% during 2019-2023.

Sam Mowers, Investorideas.com

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