- AnalytixInsight’s first-quarter report notes 200 percent jump in year-over-year revenues
- Market analysts foresee big data industry reaching $84 billion level by 2024
- Company’s partners include European bank Intesa Sanpaolo, multi-national media giant Thomson Reuters
Building on a year of growth that led to its designation as “one of the top 10 performing technology companies in the 2018 Venture 50” with a market cap change of 288 percent on the Canadian TSX exchange (http://ibn.fm/fdPkl), artificial intelligence data delivery company AnalytixInsight Inc. (TSX.V: ALY) (OTCQB: ATIXF) is off to a strong start for 2018 with a 200 percent-plus increase in revenue year-over-year, as noted in its first-quarter financial results reported on May 30 (http://ibn.fm/0JphQ). While companies worldwide strive to build success and weather market uncertainties, AnalytixInsight has found appeal with those seeking a measure of security in the form of data-driven analysis on the competition, as well as the companies’ internal systems.
AnalytixInsight’s AI-based fintech platform CapitalCube is finding licensees among leading financial news agencies, web portals and stock exchanges. Amid the modern era’s insatiable desire for actionable information that crosses national borders and continental divides, CapitalCube culls information on more than 50,000 globally listed stocks and North American ETFs (exchange-traded funds), producing 100 billion daily computations.
The information industry can be profitable. Market analysts at Statista predict that revenues generated by the big data and business analytics industry will jump 100 percent from their estimated $42 billion level this year to $84 billion in six years (http://ibn.fm/bNkk2). The trend bespeaks the transformative power of technology on a business’s bottom line.
AnalytixInsight’s report notes that it closed the quarter with revenues of $1.01 million and operating capital of $1.82 million.
Euronext, the leading pan-European exchange in the Eurozone, has embedded the company’s analytics tech within its “Market Insight” app, which is being deployed as a real-time stock trading solution. AnalytixInsight’s subsidiary, MarketWall, has also embedded the company’s analytics content within its MarketWall app, which is expect to be rolled out later this year by Italy’s largest retail bank, Intesa Sanpaolo. The bank has 12.6 million customers across Europe.
Thomson Reuters, a media company that has provided information for the world’s professional markets for over a century, completed a research distribution agreement with CapitalCube early in the quarter, through which Thomson Reuters will supply AnalytixInsight’s machine-learning platform with information and then distribute the resulting product to customers via financial desktop applications Eikon and Thomson One. The distribution of AnalytixInsight’s financial research reports will be implemented in phases, beginning late in 2018.
“We are making great progress with our existing strategic partners and we are working with more potential new partners. Both the financial and workforce management industries are quickly embracing machine-learning, and we are witnessing a shift in thinking as industry participants now look to incorporate machine-learning into their business solutions,” AnalytixInsight president and CEO Prakash Hariharan stated in summation of the quarterly report.
For more information, visit the company’s website at www.AnalytixInsight.com
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