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AI Eye Episode 463: VSBLTY Partners with Branding Global to Bring Digital Signage to Guatemala Intl Airport, Verint Systems (NasdaqGS: $VRNT) and Avaya (NYSE: $AVYA) Expand Partnership to Enhance Customer Experience Using AI-Based Solutions

 

Point Roberts, WA and Vancouver, BC - October 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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AI Eye Episode 463: VSBLTY Partners with Branding Global to Bring Digital Signage to Guatemala Intl Airport, Verint Systems (NasdaqGS: $VRNT) and Avaya (NYSE: $AVYA) Expand Partnership to Enhance Customer Experience Using AI-Based Solutions

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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:VRNT) (NYSE:AVYA)

VSBLTY Groupe Technologies Corp. (CSE:VSBY) (5VS.F) (OTC:VSBGF) has partnered with Latin American comprehensive advertising network operator Branding Global to deploy a network of cameras at La Aurora International Airport in Guatemala City, Guatemala. Jay Hutton, Co-founder and CEO of VSBLTY, explained:

"The deployment at the airport that handles 2.7 million passengers annually provides enhanced security by scanning visitors looking for persons of interest. Simultaneously, as visitors are looking at the signage, it also gathers real-time audience analytics. The demographic analytics are anonymous and accurately measure the effectiveness of the signage. An advertiser has a clear picture not only of the demographics of the audience that sees the messaging but the nature of their response to it. This adds extraordinary value to a brand. As we enlarge our footprint in Central and South America, it is a great opportunity for VSBLTY to partner with Guatemala's premier provider of digital out-of-home advertising."

Verint Systems Inc. (NasdaqGS:VRNT) has announced an expanded partnership with Avaya Holdings Corp. (NYSE:AVYA), wherein it will integrate its Verint Knowledge Management with Avaya OneCloud CCaaS. This integration will enable enterprises to empower employees to provide improved customer experiences by leveraging, among other things, "artificial intelligence (AI) infused search technology to create a more automated, natural and innovative way to connect people to knowledge." Anthony Bartolo, executive vice president and chief product officer, Avaya, explained:

"Avaya and Verint are committed to improving the experiences of both customers and employees by delivering deep technology integration across our SaaS offerings. Cloud solutions support a faster path to return on investment, which continues to be a strong focus of our product strategy. Verint's AI-infused knowledge management capabilities surface relevant information in a cognitive and contextual manner to help employees be more responsive to customer needs."

Global AI in Security Market to Reach $40.95 Billion by 2027

A report published by Verified Market Research finds that the global AI in Security market will grow from $6.78 billion in 2019 to $40.95 billion by 2027 with a compound annual growth rate (CAGR) of 31.2 percent in the forecast period 2020-2027. An excerpt from the report description outlines some drivers observed in the market:

The stringent data privacy regulations, increasing adoption of digital solutions, increasing the number of cyber-attacks, and increasing inclination towards cloud-based solutions from on-premise are the key factors leading to the growth in the AI in the security market, globally. The increasing adoption of the Internet of things (IoT) is a key factor expected to drive the growth of the global artificial intelligence-based security market over the forecast period. Internet of things is used to protect and secure the network connecting IoT devices to back-end systems on the Internet.

Sam Mowers, Investorideas.com

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