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The AI Eye Podcast Episode 354: mCloud Combining AI in AssetCare Platform with Air Purification Tech, Minerva Intelligence Signs Contract with Natural Resources Canada for Flood Risk Reduction

 

Point Roberts, WA and Vancouver, BC - May 21, 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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https://www.investorideas.com/Audio/Podcasts/2020/052120-AI-Eye.mp3

The AI Eye Podcast Episode 354: mCloud Combining AI in AssetCare Platform with Air Purification Tech, Minerva Intelligence Signs Contract with Natural Resources Canada for Flood Risk Reduction

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

Stocks discussed: (TSXV:MCLD) (TSXV:MVAI)

mCloud Technologies Corp. (TSXV:MCLD) is combining the AI-powered HVAC and indoor air quality capabilities of its AssetCare platform with air purification technology based on active particle control through a partnership with SecureAire LLC. mCloud's President, Barry Po, explained:

"We have set up our teams to partner and target the millions of restaurant and retail spaces re-opening their doors in the coming weeks.

The key to bringing customers back and returning to profitability will come from assuring them these establishments are safe. This combined AssetCare solution with SecureAire will enable business owners to confidently reassure customers, employees, and local health authorities they have taken decisive action to minimize the risk of infection in their businesses."

AI company Minerva Intelligence Inc. (TSXV:MVAI) is signing a contract with Natural Resources Canada (NRCan) to produce a National Flood Hazard Data Layer, in partnership with Ebbwater Consulting Inc. Tamsin Lyle, Founder and Principal of Ebbwater, commented:

"We are genuinely thrilled to have an opportunity to inform and build a foundational tool for flood risk reduction that we will undoubtedly use ourselves in future. We applaud NRCan on this initiative that will fill a large data gap in flood hazard understanding in Canada . Minerva's approach to artificial intelligence is unparalleled and we believe it will be instrumental in achieving a standardized data layer for flood maps."

Global AI in Military to Reach $8.7 Billion by 2022

A report from Markets and Markets finds that the global Artificial Intelligence in Military market is projected to grow from $5.42 billion in 2016 to $8.70 billion by 2022, with a compound annual growth rate (CAGR) of 14.75 percent in the forecast period 2017-2022. An excerpt from the report description outlines the role of information processing as a key market driver:

Militaries worldwide have increased their spending on information processing and analytics. AI-integrated systems assist in the processing of data and help in the identification of patterns in data sets to make timely predictions. AI can only be as smart as the data ingested, which is one reason why militaries are spending on information processing and analytics. The convergence of AI and Big Data has transformed the existing methods of intelligence exploitation and data analytics.

Sam Mowers, Investorideas.com

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