Cherry Labs announced receiving a grant from the National Institutes of Health (NIH) to study the possibilities of using its AI-driven Cherry Home technology to help maintain independence for older adults. Cherry Home helps support frail/ cognitively impaired older adults to age safely in their homes. Using ambient intelligence, Cherry Home unobtrusively and with privacy protections monitors for potential emergencies and measures the daily living activities of seniors in their homes. The gathered data helps clinicians and caregivers know if additional support is needed before it's too late and clinical deterioration occurs.
Infosys announced the signing of a Memorandum of Understanding with Aramco, to work on advancing HR technologies. Through artificial intelligence technology, Infosys and Aramco hope to offer the latest insights to HR data and analytics, and scale the usage of automation tools
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 5582
Published Date: Jan 29, 2024
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Growing interest in energy efficient technology and demand for location-based ambient intelligence is fueled by increasing use of AML are the major factors driving the growth of the location-based ambient intelligence market.
The market size of location-based ambient intelligence is anticipated to attain a CAGR of 23% over the forecast period, i.e., 2024-2036.
The major players in the market are Huawei Technologies Co., Ltd., Cherry Labs, SAMSUNG, Honeywell International Inc., Vita Group Holdings Limited, Nuance Communications, Inc., Microsoft Corp, HTC Corporation, Schneider Electric, and others.
The affective computing segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.