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AI Eye Episode 484: IBM (NYSE: $IBM), ASPI Tech, and Fincantieri NexTech Announced AI-Based Digital System for Civil Infrastructure Monitoring

Smart Card Marketing Systems Announces Strategic Partnership for AI-Driven Fraud Detection

 

Point Roberts, WA and Vancouver, BC - November 27, 2020 (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 Episode 484: IBM (NYSE: $IBM), ASPI Tech, and Fincantieri NexTech Announced AI-Based Digital System for Civil Infrastructure Monitoring

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

Stocks discussed: (NYSE:IBM) (OTC:SMKG)

IBM (NYSE:IBM), along with ASPI Tech and Fincantieri NexTech, has announced that the new digital system for civil infrastructure monitoring, based on IBM Maximo, is now in operation. According to the press release, this monitoring platform "will use IBM Artificial Intelligence, drones, IoT (Internet of Things) and Fincantieri NexTech 3D digital modeling to deliver innovation in the surveillance and monitoring activities of the more than 4,500 structures managed by ASPI including bridges, viaducts, flyovers and tunnels, obtaining improved efficiency and transparency in these processes." Enrico Cereda, President and CEO of IBM Italy, explained:

"Technologies such as artificial intelligence, together with renowned civil engineering expertise can help us face most of the challenges we encounter during this transformation, assisting operators in more efficient management of our civil infrastructure. In particular, the project with Autostrade Tech and Fincantieri NexTech aims to support operators and professionals in making better, more effective and efficient decisions. This innovation, based on IBM Maximo Application Suite, will bring real benefits which the country needs today."

Smart Card Marketing Systems Inc. (OTC:SMKG) has announced a strategic partnership with data science firm Quotientica Pvt Ltd., focussing on delivering an AI driven Fraud Detection system to Banks and Financial Institutions in the Maharashtra state in India. Massimo Barone, CEO of Smart Card Marketing Systems, said:

"This is the first of many exciting collaborations with the FinTech firms associated with the arm of Government of Maharashtra (India), bringing the best in technology to the global market generating new revenue opportunities.

Furthermore, considering the current market conditions and the leaning of Banks and Financial Institutions on digital and online transactions, this opportunity to work with Quotientica caters to the need and aligns with the core of our integrations with major gateways currently underway globally. The added value to provide the combination of a cross-product and cross channel data by applying nimble machine learning analytics that iteratively optimize results; businesses can understand the context of transactions and make better decisions building holistic understandings of customer activity."

Global AI in Healthcare to Reach $35.32 Billion by 2027

Research published by ReportLinker finds that the global AI in Healthcare market will reach $35.32 billion by 2027. An excerpt from the report summary attributes this growth in the market to:

"the gradual transition from volume to value-based healthcare, the surging need to accelerate and increase the efficiency of drug discovery and clinical trial processes, advancement of precision medicines, escalation of AI as a medical device, increasing prevalence of chronic, communicable diseases and escalating geriatric population and the increasing trend of acquisitions, collaborations, investments in the AI in healthcare market."

Sam Mowers, Investorideas.com

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