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AI Eye Podcast 589: Stocks discussed: (NYSE: $ASGN) (NYSE: $ZIM)

ASGN has Announced the Acquisition of ERPi, and ZIM is Establishing a Centre of Excellence for AI with Data Science Group

 

Point Roberts, WA and Vancouver, BC - August 9, 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.

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AI Eye Podcast 589: Stocks discussed: (NYSE: $ASGN) (NYSE: $ZIM)

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

AI Eye Episode 589: ASGN has Announced the Acquisition of ERPi, and ZIM is Establishing a Centre of Excellence for AI with Data Science Group

Stocks discussed: (NYSE:ASGN) (NYSE:ZIM)

IT and professional services provider ASGN Incorporated (NYSE:ASGN) has announced the acquisition of Enterprise Resource Performance, Inc. (ERPi), described in the press release as "a premier healthcare consulting and data analytics firm that delivers federal healthcare transformation services." ERPi, which provides IT solutions, data analytics, artificial intelligence/machine learning (AI/ML), and healthcare domain expertise to government entities, will be absorbed into the Enterprise Solutions business unit within ECS, ASGN's Federal Government Segment. Bill Hummel, President of ERPi, said:

"Joining ECS is an incredible next step for ERPi. Our customers will not only benefit from ECS' deep enterprise resources and program-level experience, but also from their digital transformation, cybersecurity, data and AI solutions. We are thrilled to have this opportunity to join the ECS and the broader ASGN platform."

ZIM Integrated Shipping Service Ltd. (NYSE:ZIM) and Data Science Group (DSG), through a joint venture, are establishing a Center of Excellence in the field of artificial intelligence. The Center's aim is to develop AI and machine learning solutions from the design stage to implementation focusing on logistics, operations, finance, and trade. Eyal Ben-Amram, EVP and CIO of ZIM, said:

"ZIM is advancing into the digital age and is leveraging the data it has accumulated over the years to gain new insights that will give it a significant advantage in the world of shipping, which in recent years has become more competitive than ever. The partnership with DSG in the Center of Excellence will allow us to lead the world of international shipping by expediting delivery times, streamlining logistics, forecasting demand, and automating processes."

Global Facial Recognition Market to Reach $11.6B by 2027

A report published by Brand Essence Research finds that the global Facial Recognition Market will grow from $3.62 billion in 2020 to $11.6 billion by 2027 with a compound annual growth rate (CAGR) of 18.1 percent in the forecast period 2021-2027. An excerpt from the report's description outlines the influence of the COVID-19 pandemic on the market's growth:

During the COVID-19 pandemic, with a growing concern for sanitation, the majority of the organizations are switching toward facial recognition systems as a sterile choice to control the spread of infection. The combination of artificial intelligence (AI) is offering a successful solution by joining both facial recognition innovations alongside temperature detection. Moreover, with AI and infrared thermography, facial recognition frameworks are performing mask detection also. The interest for facial recognition systems has been expanded in both the private and government areas.

Sam Mowers, Investorideas.com

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