ATIXF Evaluates Convergence of AI with Blockchain Tech
- Company notes record revenues in latest quarterly report
- Global big data revenues expected to approach $80 billion within three to five years
- Blockchain’s security may enhance AI’s data learning to provide greater efficiency options
The world marked 2017 as the year blockchain technology and its derivative applications created real revenue-generating excitement for business, even while differing experts debated whether the transaction-securing tech is truly foundational or simply the market darling of the moment. Among the companies evaluating the changing data landscape was AnalytixInsight, Inc. (TSX.V: ALY
) (OTCQB: ATIXF
), a dealer in the much older and still nascent technology sector of artificial intelligence. AnalytixInsight has created a proprietary “machine learning” technology to analyze big data and turn it into actionable strategies for the fintech and internal corporate analytics markets, and it is evaluating opportunities to enhance its efficiency via the convergence of data evaluation and data security technologies.
AnalytixInsight, through its flagship product CapitalCube, serves investors and the companies who inform them by providing in-depth analysis on over 50,000 global equities and North American ETFs, company accounting and earnings reports and information about likely future stock and acquisition activity by select corporations — all thanks to its AI capacity. The technology frequently reevaluates itself to maintain a desired investment risk profile while providing regular compliance reporting.
CapitalCube has the ability to provide information in multiple languages, is customizable and can generate reports, earnings analyses, graphs, trend charts and numeric table displays in PDF file format utilizing 100 billion computations each day. Through partnership agreements with Thomson Reuters, The Wall Street Journal, Yahoo Finance and other financial entities, the platform publishes thousands of daily news articles as well.
Another fintech subsidiary, called MarketWall, develops mobile and wearable software for a wide variety of smart devices. Its latest app, attuned to real-time stock trading information and online banking, is expected to launch in 2018 for the 12.6 million customers of Intesa Sanpaolo, Italy’s largest retail bank, with branches located across six European countries. The mobile stock trading application will interface with the bank’s MarketHub trading platform. The app ties as-it-happens market data to company profile information provided by CapitalCube.
A third subsidiary, Euclides Technologies, delivers workforce management data solutions for global-reach corporations through its Field Service Management software. The artificial intelligence platform will empower companies to increase the efficiency of their large-scale operations by tracking employee performance data and establishing customized recommendations for controlling quality. The advent of cloud services also provides companies with options for data processing and implementation that don’t require investments in large-scale infrastructure and security measures.
AnalytixInsight’s AI technology algorithms have the potential to be adapted to almost any data-driven corporate or governmental need, or even entertainment interests such as sports tracking and forecasting.
Analysis portal Statista.com estimated that the global big data industries’ revenues amounted to just under $34 billion in 2017 (http://nnw.fm/BF3fz
) with the capacity to grow to nearly $80 billion in the next five years. SNS Research estimated global big data revenues at over $57 billion in 2017 (http://nnw.fm/tp56I
), with a CAGR of about 10 percent growth during the next three years, amounting to about $76 billion by the end of 2020. 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 of the previous year.
For more information, visit the company’s website at www.AnalytixInsight.com