The AI Eye: AWS (NasdaqGS: AMZN) Makes A2I Generally Available and Accenture (NYSE: ACN) Federal Services Wins $96 Million Contract from US Dept of Veteran Affairs
Point Roberts, WA and Vancouver, BC - April 28, 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: AWS (NasdaqGS: $AMZN) Makes A2I Generally Available and Accenture (NYSE: $ACN) Federal Services Wins $96 Million Contract from US Dept of Veteran Affairs
Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NasdaqGS:AMZN) (NYSE:ACN)
Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has announced the general availability of Amazon Augmented Artificial Intelligence (A2I), described as "a fully managed service that makes it easy to add human review to machine learning predictions to improve model and application accuracy by continuously identifying and improving low confidence predictions." Swami Sivasubramanian, VP, Amazon Machine Learning, AWS, explained:
"Today, we're excited to help our customers remove another obstacle to building machine learning applications with the launch of Amazon A2I, which makes it significantly easier and faster to incorporate human judgment into machine learning applications in order to ensure higher quality predictions over a sustained period of time."
Accenture Federal Services, a subsidiary of Accenture (NYSE:ACN), has won a $96 million contract from the U.S. Department of Veterans Affairs (VA) to help the latter to automate manual workflows and introduce applied intelligence (AI) and machine learning capabilities. Shawn Roman, a managing director at AFS who leads the company's work with VA, commented:
"Accenture Federal Services is proud to help VA seamlessly transition its existing service management tools to both improve the user experience and increase the business value of solutions. Working with the Service Management Office, we will use human-centered design thinking methods to put the Veteran, clinician, and VA employees at the center of how services are designed and created."
Global AI in Agriculture Market to Reach $4 Billion by 2026
A report from Markets and Markets finds that the global AI in Agriculture market will grow from $1 billion in 2020 to $4 billion in 2026 with a compound annual growth rate (CAGR) of 25.5 percent in the forecast period. The following excerpts outline drivers of the market growth:
"...market growth is propelled by the increasing implementation of data generation through sensors and aerial images for crops, increasing crop productivity through deep-learning technology, and government support for the adoption of modern agricultural techniques."
"Machine learning-enabled solutions are being significantly adopted by agricultural organizations and farmers worldwide to enhance their farm productivity and gain a competitive edge in business operations. In the coming years, the application of machine learning in various agricultural practices is expected to rise exponentially."
Sam Mowers, Investorideas.com
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