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The AI Eye Episode 366: Aruba (NYSE: $HPE) Introduces AI-Powered ESP for Intelligent Edge and Predictmedix Acquires MobileWellbeing

 

Point Roberts, WA and Vancouver, BC - June 10, 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 366: Aruba (NYSE: $HPE) Introduces AI-Powered ESP for Intelligent Edge and Predictmedix Acquires MobileWellbeing

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

Stocks discussed: (NYSE:HPE) (CSE:PMED)

Aruba, a subsidiary of Hewlett Packard Enterprise Company (NYSE:HPE), has introduced Aruba ESP (Edge Services Platform), described as "the industry's first AI-powered, cloud-native platform that predicts and resolves problems at the network edge before they happen." A critical component of the ESP is AIOps, which, according to the press release, "uses AI and analytics to identify exact root causes with greater than 95% accuracy, auto-remediate network issues, proactively monitor the user experience, tune the network to prevent problems before they occur, and use peer benchmarking and prescriptive recommendations to continuously optimize and secure the network." Brandon Stratton, ES network administrator of Information Technology at the University of Houston, commented:

"With the size of our infrastructure and massive volume of data being generated at the edge, we needed a way to identify, fix and fine-tune the network automatically. Aruba's expertise and approach with AI-based solutions, like NetInsight, represents a pragmatic path for us to analyze and then act on the insights we capture."

Predictmedix Inc. (CSE:PMED) has announced the acquisition of Telemedicine Remote Patient Monitoring platform MobileWellbeing. This acquisition will feature the latter's integration of Predictmedix's AI-driven rapid screening system for infectious diseases, such as COVID-19, as well as its screening modules for impairment and mental illness. Rajiv Muradia, Founder & CEO of MobileWellbeing, said:

"I am very excited to be part of the Predictmedix team as their vision of 'Leading the future in impairment detection and healthcare screening' aligns well with the MobileWellbeing Remote Monitoring platform we have developed over many years. The combined solution will now allow us to take healthcare delivery to the next level. The integration will enable workplaces as well as clinicians to remotely manage patients outside their physical environments using MobileWellbeing's suite of patient engagement and monitoring solutions, now within Predictmedix Disruptive AI platform."

Global Smart Cities Market to Reach $545.7 Billion by 2027

A report from Meticulous Research finds that the global Smart Cities market will reach $545.7 billion in 2027 with a compound annual growth rate (CAGR) of 22.9 percent in the forecast period 2019-2027. The following excerpt from the report's description outlines the role of AI in the market's growth:

Artificial intelligence has become an integral part of many industries and they are making their way to smart city initiatives. Smart cities have various cases of AI-driven technology for maintaining a healthier environment, advance public transport, and safety. AI could understand how city resources are being utilized and how they are functioning. It assists city planners in comprehending how the city is responding to various changes and initiatives. Leading economies of the world invest billions of dollars in developing artificial intelligence technologies. AI possesses serious potential growth in the future and smart city projects can utilize this technology for various applications from waste management, traffic management, and building automation to public surveillance, threat detection and response, emergency management, and e-governance.

Sam Mowers, Investorideas.com

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