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AI Eye Podcast 665: Stocks discussed: (NYSE: $ACN) (OTC: $ALPMY) (NasdaqGM: $VERI)

Accenture Helps Astellas Pharma Create IT Platform, and Veritone Announces AI-Powered Intelligent Distributed Energy Resource Management Solution

Vancouver, Kelowna, Delta, BC - February 28, 2022 (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 665: Stocks discussed: (NYSE: $ACN) (OTC: $ALPMY) (NasdaqGM: $VERI)

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

Stocks discussed: (NYSE:ACN) (OTC:ALPMY) (NasdaqGM:VERI)

Accenture (NYSE:ACN) has helped Astellas Pharma Inc. (OTC:ALPMY) to create a "cloud-based core IT platform that serves as the foundation for an advanced, data-driven management model for the company's global operations." Data collected by this platform is then combined with technologies, such as artificial intelligence, robotic process automation and analytics to streamline its enterprise processes. Motoki Fujita, vice president and head of Global Business Services at Astellas, explained:

"The new platform will accelerate our Global Business Service efforts to integrate operations on a global scale. This will create an environment that contributes to the business by optimizing selling and administrative expenses and creating an environment that allows employees to focus on high value-added work. We will leverage AI, RPA, and other digital technologies to thoroughly visualize and automate operations, and drive toward the goal of Intelligent Operation."

Veritone, Inc. (NasdaqGM:VERI) has announced the launch of its intelligent distributed energy resource management solution (iDERMS) to "enable utilities, Independent Power Producers (IPP's) and microgrid developers to accelerate the transition to clean energy, while still meeting their strategic, regulatory and environmental objectives." Sean McEvoy, senior vice president of Energy at Veritone, said:

"We are extremely excited to make this launch official. The energy industry is in desperate need of more advanced technologies to solve the challenges and opportunities the rapid growth of distributed energy resources (DERs) brings. AI is the answer. We worked hard to ensure our iDERMS solution is prime-time ready and look forward to sharing the success our customers are experiencing using this technology."

Global AI in Drug Discovery to Reach $2.01B by 2025

A report published by Market Research Future finds that the global AI in Drug Discovery market is projected to reach $2.01 billion USD by 2025, registering a compound annual growth rate (CAGR) of 40.8 percent in the forecast period 2019-2025. An excerpt from the report's description outlines the applicability of AI in the Drug Discovery space:

Artificial intelligence (AI) has captured the imagination and attention of medical industry professionals over the past couple of years as several companies, and large research hospitals have been working on perfecting these systems for clinical use. The first concrete examples of how AI (also called deep learning, machine learning, or artificial neural networks) will help clinicians are now being commercialized. These systems may offer a paradigm shift in clinician workflow to boost efficiency while improving care and patient throughput at the same time.

Sam Mowers, Investorideas.com

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