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AI Eye Podcast 713: Stocks discussed: (OTC: AITX) (CSE: PMED)

Robotic Assistance Devices Receives New Client Order for AVA Robots, and AI-Powered Predictmedix Announces Screening Solutions Accuracy Results

 

Vancouver, Kelowna, Delta, BC - July 25, 2022 (Investorideas.com Newswire) 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 713: Stocks discussed: (OTC: AITX) (CSE: PMED)

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

Stocks discussed: (OTC:AITX) (CSE:PMED)

Robotic Assistance Devices, Inc. (RAD), a wholly-owned subsidiary of Artificial Intelligence Technology Solutions Inc. (OTC:AITX), has "received an order [from a new client] for 2 AVA autonomous access control security robots from a top ranked global distribution and supply chain company with over 50 distribution centers." RAD is described in the press release as "a high-tech start-up that delivers robotics and artificial intelligence-based solutions," while AVA (Autonomous Verified Access), is "a compact and stanchion mountable unit that provides an edge-to-edge 180° field of vision with advanced access control over gates and other controlled points of entry." Steve Reinharz, CEO of AITX, commented:

"This client is a powerhouse in moving product in and out of their facilities. I recently visited them, and the sheer magnitude of their capacity to move items is staggering. These AVA units will be a huge complement to the automation they have in place."

Predictmedix Inc. (CSE:PMED), a provider of rapid health screening solutions powered by a proprietary artificial intelligence, has announced its accuracy rates for identifying respiration rate, heart rate, and core body temperature as part of its Fit for Work screening solutions. The results were respiration rate at 98.38 percent accuracy, identification of core body temperature at 98.37 percent accuracy, and the identification of heart rate at an 85 percent accuracy. Rahul Kushwah, the company's Interim CEO, said:

"We are very thrilled at the phenomenal accuracy of our technology, particularly for respiration and heart rate, which are some of the hardest physiological parameters to measure. The results of the study brings not only us, but also our current clients and potential clients in our pipeline the confidence that our Fit for Work screening solutions will be a game changer for workplaces across many industries around the world."

Global Call Center AI Market to Reach $8.11B by 2030

A report published by Verified Market Research finds that the global Call Center AI market is projected to grow from $1.35 billion USD in 2021 to $8.11 billion by 2030, registering a compound annual growth rate (CAGR) of 26.62 percent in the forecast period 2022-30. The following excerpt from the report's description outlines the role of BFSI's adoption of AI as a driver in the market:

The financial services industry (BFSI) is at the forefront of implementing AI-enabled solutions. Due to the highest adoption of AI call center platforms and solutions when compared to any other industry, the vertical is likely to lead the market for AI in call center applications throughout the forecast period. The BFSI vertical is a pioneer in the usage of AI-enabled smart chatbots, transforming the consumer experience. These chatbots interact with customers to provide an interface for automating a variety of back-end processes. AI solutions for call centers enable BFSI institutions to engage with consumers and improve their experience while also seamlessly minimizing customer turnover.

Sam Mowers, Investorideas.com

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