- Global AI market value varies, with multibillion-dollar estimates tied to select industries
- At least 80 percent of enterprises already have some form of AI in production, with 30 percent planning on expanding their AI investments over the next three years
- Algorithmic trading is the top use case among 191 identified uses
AnalytixInsight Inc. (TSX.V: ALY) (OTCQB: ATIXF), an artificial intelligence (“AI”) company that transforms data into actionable knowledge, is on track and on trend in a global revolution that promises to transform economies as emerging markets embrace machine-learning applications. Multiple market research reports suggest that artificial intelligence-based systems will bring drastic changes to various industries, with expected revenues in the tens of billions of dollars by 2025 (http://ibn.fm/k6EeU). The recent acquisition of Kensho by S&P Global for $550 million – the largest price for an AI company to date – illustrates just how much the world’s financial future might rely on bots over human brokers, as an article in Forbes reports (http://ibn.fm/vg5ax).
AnalytixInsight’s proprietary, machine-learning technology algorithmically analyzes big data and distills it into valuable information and insights that business leaders are eager to review and put into action (http://ibn.fm/SgBJN). AnalytixInsight’s technology can be applied to any industry immersed in and, at times, overwhelmed by data. In a recent study by MIT Sloan Management Review and the Boston Consulting Group, nearly 85 percent of 3,000 business executives, managers and analysts in 112 countries and 21 industries interviewed by researchers stated a belief that AI would give their firms a competitive advantage (http://ibn.fm/R1UHt).
AnalytixInsight’s strategic initiatives include financial analytics provided through research platform CapitalCube; workflow analytics, customized for field service management to global corporations by Euclides Technologies; and fintech smart device apps developed to provide mobile platforms for banking and stock trading through a partnership with Marketwall, expected to be released sometime in 2018.
The company’s flagship product – CapitalCube.com – is a financial online portal that provides comprehensive analysis that includes on-demand fundamental research, portfolio evaluation and screening tools on over 50,000 global equities and North American ETFs (http://ibn.fm/ohqhq). CapitalCube’s freemium pricing model allows free access to basic financial information, with additional in-depth analysis and predictive analytics provided at a rate of $25 per month and customized peer analysis for $300 per month. CapitalCube publishes 3,000 articles daily and has multi-language capabilities. Thomson Reuters and Africa Investor have recently been added to the growing network of content partnerships that already includes Euronext NV, Yahoo Finance and The Wall Street Journal.
In another sign of success, AnalytixInsight was recently named as one of the top performing technology companies in the TSX Venture 50™, a selection of the top 10 companies listed on the TSX Venture Exchange operating in each of the five major industry sectors – mining, energy and energy services, clean technology and life sciences, diversified industries and technology (http://ibn.fm/0PpJs).
“This achievement reflects the Company’s several accomplishments during 2017, which include: acquiring Euclides Technologies, advancing our joint venture with Intesa Sanpaolo to launch the Marketwall mobile trading app, posting record revenues, and reaching operating profitability during the third quarter. We look forward to continuing to deliver additional shareholder value going forward,” Prakash Hariharan, CEO and chairman of AnalytixInsight, stated in a news release.
Growth and opportunity in the artificial intelligence space is widespread, with numerous iterations and specific market sectors identified, an article in TechEmergence.com states (http://ibn.fm/DKPKp). Additional insights from the Vanson Bourne study on the ’State of Artificial Intelligence for Enterprises’, as reported in Forbes (http://ibn.fm/4FVkL), offers several key takeaways, namely, that 80 percent of enterprises have some form of AI in production today with 30 percent of enterprises planning on expanding their AI investments over the next 36 months. The most effective revenue driver from AI today is product innovation and research and development, with customer service, supply chain and operations, security and risk mitigation and sales as additional revenue drivers, per the article.
AnalytixInsight’s most recent quarterly report showed a record revenue level of $1.7 million – a 77 percent increase over the previous quarter and a 600 percent increase over the same period last year. The company also recently announced that it is developing a series of blockchain technology initiatives to augment its existing proprietary big data analytics platform (http://ibn.fm/usKwu).
For more information, visit the company’s website at www.AnalytixInsight.com
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