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AI Eye Podcast Episode 540: Stocks discussed: (NYSEAmerican: $FTSI) (CSE: PMED)

FTS International Introduces Machine Health Automation Technology, and Predictmedix Collaborates with JUICEWORKS and Connectus Global

 

Point Roberts, WA and Vancouver, BC - April 5, 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 Episode 540: Stocks discussed: (NYSEAmerican: $FTSI) (CSE: PMED)

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

Stocks discussed: (NYSEAmerican:FTSI) (CSE:PMED)

Hydraulic fracturing service firm FTS International, Inc. (NYSEAmerican:FTSI) has announced the introduction of machine health automation technology to "global manufacturing leaders." This, according to the press release, involves machine learning and analytics "to drive more intelligent equipment automation commands." Larry Carroll, FTSI's Director of Innovation, explained:

"Traditional automation programs follow commands based on simple parameters such as cycle times and speed settings, but these traditional programs are blind to machine health faults and catastrophic failure.

While these fault algorithms and automation commands are helping FTSI today, there's no reason other industries cannot benefit from the technical foundation we've created."

Predictmedix Inc. (CSE:PMED) is collaborating with exhibition marketing firm JUICEWORKS EXHIBITS, and process automation, worker safety and location monitoring applications solutions provider Connectus Global, to offer Safe Entry Solutions to public and private organizations. This will employ Safe Entry Stations, which "leverage military-grade multispectral cameras paired with a proprietary, clinically-based artificial intelligence algorithm," according to the press release. Rahul Kushwah, Director and COO of Predictmedix, commented:

"We are excited to partner with Connectus Global and offer our AI-powered technologies to their clientele. Connectus Global is offering workplace solutions to clients all across North America, and our technology suite complements their technologies which together can make a meaningful difference to the safety of guests, employees in various settings."

Global Edge AI Market to Reach $1.954B by 2026

A report published by Research and Markets finds that the global Edge AI market will grow from $569.194 million in 2019 to $1.954 billion in 2026, with a compound annual growth rate (CAGR) of 19.27 percent in the forecast period 2021 to 2026. An excerpt from the report's description outlines the expected impact of 5G on the market:

The market is expected to surge in the coming years, because of the adoption of 5G solutions, globally. The major advantage of the 5G solution is that the network latency rate would be reduced, with the introduction of high-end applications. The emergence of 5G solutions, across a wide range of applications, is expected to surge and accelerate the amount of data transferred to the respective data centers, thereby enhancing and accelerating the need for edge networks or intermediary servers.

Sam Mowers, Investorideas.com

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