ATIXF Uses AI to Enable Critical Decisions
- Company’s revenues have grown 600 percent during past year
- Growing AI, big data industries anticipate enormous increases in less than a decade
- Company turns ‘machine learning’ into beneficial interface with people
More than two years have passed since IBM acquired The Weather Company, the pioneering forecasting and technology company that launched a nationwide TV weather network and established data sets used by millions of people to make decisions about what they are going to do on a given day. When the company was formed in 1982 as The Weather Channel, it likely couldn’t forecast its own future — that one day it would be a staple in the tech giant’s Data and Analytics Platform business unit. But as artificial intelligence breakthroughs make the science of predicting the future more reality than fiction, companies like AnalytixInsight, Inc. (TSX.V: ALY
) (OTCQB: ATIXF
) are bending that science to the wills of millions of market investors who hope for a heads up on corporate activities such as dividend cuts, as well as the stock swings that may accompany news of earnings reports, consumer trends and political machinations.
During the decades before AnalytixInsight was incorporated, artificial intelligence was the stuff of science fiction, portrayed as the ascendancy of machines to a position of power over humanity. While AI does empower robotics platforms to perform some actions independently, the modern reality of artificial intelligence is that humans supply computers with data and then computers reciprocate by supplying humans with extrapolated knowledge people can use to inform their choices. As with commuters who decide what to wear or where to travel or how to prepare their homes based on predictive weather models, AnalytixInsight’s AI platform, named CapitalCube, helps people improve their decision-making on whether to buy or sell, when to do it and for how much.
CapitalCube is a ‘machine learning’ product that analyzes huge volumes of data and turns numbers into actions with its hyper-personalized services. The product’s predictive analytics and peer analysis features accompany 3,000 reports a day on some 50,000 companies’ dividend strength and accounting reports, among other things. CapitalCube also links to another AnalytixInsight subsidiary — Marketwall — that creates software for mobile devices, allowing users to receive the power of the platforms’ peer analyses wherever they may be. The Toronto, Canada-based company expects to employ blockchain technology to provide security in any financial transactions that may take place through the platforms. Another subsidiary, Euclides Technologies, helps companies search and evaluate inefficient operations within their own walls and attempt solutions to employee performance and other quality control concerns.
A recent content agreement with the Thomson Reuters news agency is likely to boost AnalytixInsight’s brand. Thomson Reuters is the world’s leading source of news and information for professional markets. AnalytixInsight has added Thomson Reuters as a content distribution partner, which paves the way for CapitalCube’s analysis reports to be available on Thompson Reuters terminals to brokers across North America.
In its latest update on human-technology interaction, market intelligence company Tractica issued a forecast that annual worldwide AI revenue will grow from $3.2 billion in 2016 to $89.8 billion by 2025 (http://nnw.fm/0zbPY
), marking an increase of nearly 3,000 percent in less than a decade. Analysis portal Statista.com estimates that the larger-scale revenues of the global big data industries amount to just under $34 billion now (http://nnw.fm/BF3fz
), with the capacity to grow to nearly $80 billion over the next five years. SNS Research believes that global big data revenues now lie at over $57 billion (http://nnw.fm/tp56I
), with a forecast CAGR of about 10 percent during the next three years amounting to about $76 billion by the end of 2020. Despite the disparities in revenue modeling, the researchers all agree that AI and the larger big data industries are growing and profitable.
AnalytixInsight’s last quarterly report showed record revenues of $1.7 million, a 600 percent increase over the same period in the previous year.
For more information, visit the company’s website at www.AnalytixInsight.com