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AI Eye Episode 449: VSBLTY Partners with KIOSK for Thermal Screening Solution, and AWS (NasdaqGS: AMZN) to Co-Develop Lynx Digital Platform with Carrier (NYSE: $CARR)

 

Point Roberts, WA and Vancouver, BC - October 8, 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 449: VSBLTY Partners with KIOSK for Thermal Screening Solution, and AWS (NasdaqGS: $AMZN) to Co-Develop Lynx Digital Platform with Carrier (NYSE: $CARR)

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

Stocks discussed: (CSE:VSBY) (5VS.F) (OTC:VSBGF) (NasdaqGS:AMZN) (NYSE:CARR)

VSBLTY Groupe Technologies Corp. (CSE:VSBY) (5VS.F) (OTC:VSBGF) has signed a partnership agreement for the development of a thermal screening solution with KIOSK Information Systems (KIOSK), a world leader in the design and manufacture of self-service automation. This will see the pairing of VSBLTY's AI-driven facial recognition software with KIOSK's Entry Series models, the latter of which "provides contactless, self-service technology to accurately and efficiently measure people for "at-risk" temperatures at the point of admittance." VSBLTY Co-founder & CEO Jay Hutton, commented:

"VSBLTY has been heavily investing in utilizing computer vision to develop products that assist in the re-opening of the world's economies. Particularly important is the way commercial buildings, retail and large venues will be handling customers and visitors. In addition, before employees can enter buildings they will have to be validated, temperature and health survey recorded and, possibly, adherence to other protocols like mask-wearing may have to be tracked. All of these are computer vision challenges and VSBLTY offers the most advanced solutions in the market. We are excited about working with KIOSK in such an integrated fashion. KIOSK has a well-recognized and robust channel that will help VSBLTY reach the market rapidly with best in class software solutions."

Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has announced a multi-year agreement with Carrier Global Corporation (NYSE:CARR) to co-develop the latter's new Lynx digital platform. Through the combination of AWS's IoT, analytics, and machine learning services, and Carrier's refrigeration and monitoring solutions, Lynx "will provide Carrier customers around the world with enhanced visibility, increased connectivity, and actionable intelligence across their cold chain operations to improve outcomes for temperature-sensitive cargo, including food, medicine, and vaccines." Sarah Cooper, General Manager, IoT Solutions at Amazon Web Services, Inc., explained:

"Carrier and AWS are tackling the complexity and fragmentation of the cold chain to give supply chain customers the transparency, flexibility, and insights they require to reduce risk and deliver food, medicine, and vaccines when and where they're needed. This project, which combines Carrier's cold chain expertise with AWS's digital experience and unparalleled portfolio of services, highlights how entire industries stand to benefit from digital transformation through increased efficiency, reduced costs, and greater dependability."

Global AI in Accounting Market to Reach $7.085 Billion by 2025

A report published by Zion Market Research finds that the global AI in Accounting market will grow from $450 million in 2018 to $7.085 billion by 2025 with a compound annual growth rate (CAGR) of 48 percent in the forecast period 2019-2025. An excerpt from the report analysis reads:

NLP and ML algorithms can draw business insights from both structured and unstructured data. AI can also improve fraud detection via more advanced machine languages models, which will enable better prediction of fraudulent activities. The artificial intelligence software impersonates the way a human thinks, enabling software to acquire knowledge by performing basic tasks. By processing large data volumes and identifying patterns, it can help in making recommendations and spot issues, as these algorithms process data in [less] time than humans. AI has proven to be [a] useful and powerful tool for analyzing, processing, and automating some of the most complex business functions. However, rising concerns over [criticism] of data quality and volume and issues related to investments with the help of AI in accounting may curtail the artificial intelligence in accounting market.

Sam Mowers, Investorideas.com

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