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AI Eye Podcast 535: Stocks discussed: (NYSE: $ACN) (NYSE: $RDS-A) (TSX: $AT.TO)

Accenture and Ripjar Collaborate with Shell Using AI, and AcuityAds Provides Update on Identity Resolution

 

Point Roberts, WA and Vancouver, BC - March 22, 2021 (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 Podcast 535: Stocks discussed: (NYSE: $ACN) (NYSE: $RDS-A) (TSX: $AT.TO)

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

Stocks discussed: (NYSE:ACN) (NYSE:RDS-A) (TSX:AT)

Accenture (NYSE:ACN) and UK-based data intelligence company Ripjar, are collaborating with Royal Dutch Shell (NYSE:RDS-A) to further enhance risk screening within its global supply chain using artificial intelligence (AI). Specifically, according to the press release, "Shell is leveraging Accenture's industry experience and risk expertise to configure Ripjar's AI technology for analysis of its supply chain." Jeremy Annis, CEO, Ripjar, said:

"Global energy companies like Shell can better provide the products and services that are essential to our society with the help of a business ecosystem. Ripjar's technology, enhanced by AI, can help reduce the number of steps it takes to conduct due diligence and detect risks through continuous real-time monitoring of the supply chain."

Omnichannel digital advertising firm AcuityAds Holdings Inc. (TSX:AT) "has integrated several identity solutions," pertaining to the future of identity resolution. Nathan Mekuz, AcuityAds' VP of Artificial Intelligence, commented on the AI involved in the company's journey automation technology platform, illumin:

"As we were developing the illumin platform, we foresaw the move away from traditional consumer tracking methods towards a more collaborative approach within our industry. Our artificial intelligence algorithm is built using numerous attributes such as device IDs, geography, contextual and time of day to make decisions, enabling us to work with any industry ID solution that is most relevant to the objective we aim to deliver to our clients."

Global AI in Food & Beverage Market to Exceed $29.94B by 2026

A report published by Research and Markets finds that the global AI in Food & Beverages market is expected to grow from $3.07 billion in 2020 to $29.94 billion by 2026 with a compound annual growth rate (CAGR) of more than 45.77 percent in the forecast period 2021-2026. AI application in the market helps with supply chain management through logistics, predictive analytics, and transparency, according to the report's description. An excerpt reads:

AI can also help to analyze, monitor, and deduce the customer behavior and sentiments across the various social media channels. Therefore, when AI builds an in-depth customer profile, it matches it to their social experiences about the product. With the help of such powerful insights, firms can now aim to improve the customer experience and make it more productive, thereby leading to the growth of the market.

Sam Mowers, Investorideas.com

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