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AI Eye Episode 378: AWS (NasdaqGS: $AMZN) Selected as Preferred Cloud Provider by IHS Markit (NYSE: $INFO) and FICO (NYSE: $FICO) Has Been Awarded 13 New Fraud / AI Patents

 

Point Roberts, WA and Vancouver, BC - June 29, 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 378: AWS (NasdaqGS: $AMZN) Selected as Preferred Cloud Provider by IHS Markit (NYSE: $INFO) and FICO (NYSE: $FICO) Has Been Awarded 13 New Fraud/AI Patents

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

Stocks discussed: (NasdaqGS:AMZN) (NYSE:INFO) (NYSE:FICO)

Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has been selected as the preferred cloud infrastructure provider by IHS Markit Ltd. (NYSE:INFO). The latter, described as a "global market intelligence leader," is going to be "moving the majority of its data processing infrastructure, corporate platforms, and end user applications and services out of its data centers to AWS to accelerate innovation and improve resiliency." Mike Clayville, Vice President, Worldwide Commercial Sales at AWS, explained:

"The breadth and depth of AWS's portfolio, including our machine learning and analytics services, will enable IHS Markit to gain greater insights from data and expand their global reach by serving more clients worldwide. We look forward to helping IHS Markit on their digital transformation journey in the cloud as they innovate new services to further their industry leadership."

Fair Isaac Corporation (NYSE:FICO) has been awarded 13 new patents related to fraud, artificial intelligence, and decision management, bringing its total US and foreign patents held to 198. One such newly-awarded patent, called Adaptive Fraud Detection features "adaptive technology," that "overlays core machine learning technology to adjust to near-term fraud and non-fraud activity occurring between model retrains." According to the press release, "this technology is a critical component of machine learning models within the FICO® Falcon® Platform." Scott Zoldi, chief analytics officer, FICO, commented:

"We are innovators pushing the envelope of analytics. Being at the forefront of AI and intelligent decision automation is not only the key to our success but that of our customers."

Global AI-based Fever Detection Camera Market to Reach $2.19 Billion by 2027

A report from Fortune Business Insights finds that the global market for AI-based Fever Detection Cameras is expected to grow from $1.28 billion in 2020 to $2.19 billion by 2027, with a compound annual growth rate (CAGR) of 8 percent in the forecast period. An excerpt from the report summary outlines factors driving the market:

The rapid spread of coronavirus along with the unavailability of vaccine is putting immense stress on the global health system. To reduce this stress to some extent, the tech companies have come up with AI-enabled fever detection cameras as fever is the earliest symptom of COVID-19. These cameras are designed to provide real-time updates of a person's body temperature. Unlike the conventional thermal cameras, AI-powered fever cameras can detect a person within the crowd with high accuracy of temperature screening, sending an immediate alert automatically to the officials.

Sam Mowers, Investorideas.com

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