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AI Eye Episode 442: VMware (NYSE: $VMW) Unveils Project Monterey and VIQ Deploys MobileMic Pro Dictation to Over 150 Officers at Nampa Police Dept

 

Point Roberts, WA and Vancouver, BC - September 29, 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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AI Eye Episode 442: VMware (NYSE: $VMW) Unveils Project Monterey and VIQ Deploys MobileMic Pro Dictation to Over 150 Officers at Nampa Police Dept

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

Stocks discussed: (NYSE:VMW) (TSXV:VQS)

VMware, Inc. (NYSE:VMW) has unveiled Project Monterey, described in the press release as "a technology preview focused on evolving its architecture for the data center, cloud and edge to address the changing requirements of next-generation applications including AI, machine learning and 5G applications." Rajiv Ramaswami, COO, products and cloud services, VMware, said:

"Organizations are introducing increasingly sophisticated applications from cloud-native to machine learning to streaming apps that are distributed and data intensive. We're announcing Project Monterey to help customers address the shifting requirements of next-gen apps. By re-imagining the architecture of the data center, cloud and edge, we expect to offer customers the freedom to run these apps in the best environment."

AI-driven digital voice and video capture technology and services provider VIQ Solutions Inc. (TSXV:VQS) has successfully deployed its MobileMic Pro Dictation to more than 150 officers in the Nampa Idaho Police Department. According to the press release, MobileMic "transforms smartphones into mobile capture devices readily creating secure, high quality recordings," which are then "transmitted automatically to the VIQ's proprietary transcription and editing platform, NetScribe™, powered by aiAssist™, for timely and accurate transcript creation." Susan Sumner, Chief Operating Officer, VIQ Solutions, commented:

"We strive to add value to each client we serve and are always thrilled to hear of successes like that of Nampa. Our AI-powered solutions are designed to ease and improve the reporting and documentation demands [of] our clients' experience. Our end to end solution suite inherently drives efficiencies, optimizes workflow, and ensures that content is always secure."

North American AI in Asset Management Market to Exhibit CAGR of 39.7%

A report published by Research and Markets finds that the North American market for AI in Asset Management will exhibit a compound annual growth rate (CAGR) of 39.7 percent from 2020-2026. This is slightly below that of the global market, which is projected to be 41.1 percent. An excerpt from the report's description reads:

Artificial intelligence (AI) is extensively considered as an innovation driver. In the wealth management sector, AI adoption has led to the expansion of digital wealth managing platforms and their services. The process of wealth allocation can also be executed and customized adoption of AI. This continually monitors the all possible portfolio that ultimately reduces the time required for traditional wealth allocation process. Automated investment solutions are presently limited to mutual funds, shares, bonds, and exchange-traded funds. Though, looking at the AI growth in the financial sector, it is likely to see that automation will be helpful in structured investments in real-time.

Sam Mowers, Investorideas.com

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