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Nowigence Inc. (NOWG) SaaS Business Model Positioned in Fast-Growing, Billion-Dollar Space

  • Gartner predicts that SaaS spending will reach $140 billion this year 
  • SaaS spending is increasing a stunning 20% per year
  • Nowigence’s flagship offering — Pluaris — makes it happen through this business model

A Gartner report has indicated that Software-as-a-Service (“SaaS”) spending is projected to increase 40% in the coming years, an impressive future especially considering that annual spend has already reached hundreds of billions (https://ibn.fm/Lr8gT). That forecast is good news for Nowigence Inc. (NOWG), a savvy company that solves many of today’s information overload problems with a proprietary AI platform that is available through the SaaS business model.

“Just how fast is SaaS and Cloud growing?” asks a recent article from SaaStr, the world’s largest community of SaaS executives, founders and entrepreneurs. “One thing we know — Fast. Still.  Even now, at hundreds of billions in annual spend.

“Gartner’s latest report illustrates just that,” the article continues. “Cloud software spending grew a stunning 23% in 2021, from $270 billion to $330 billion. But that’s just the start. After polling CIOs, Gartner found that total SaaS spend will grow from $100B in 2020 to $140B in 2022.” SaaStr goes on to note that budgets and spend are increasing an impressive 20% a year in SaaS and that enterprises are spending an additional $20 billion on SaaS each year. 

“No matter what, the wave of enterprise spending that fueled 100 SaaS and Cloud unicorns is just getting bigger and strong,” the article concludes. “This is your time, folks. Go make it happen.”

Making it happen is precisely what Nowigence is doing with its Pluaris offering. Pluaris works 24/7 reading and analyzing content identified by its users as relevant, important and interesting. This content comes from a huge array of public and private data sources. Users identify information that they need in their professional lives in order to make decisions, lead, and succeed and in their personal lives because the topics are of interest. Pluaris then gathers all the information together and provides summaries, extracted intelligence and graphical analysis.

Using Pluaris, readers don’t have to wade through all the information themselves. Rather, they scan their news feed for key information, view analyzed content for unbiased importance ranking and identify what’s worth drilling down further on, reducing the sheer volume of reading material and increasing resources designed to provide exactly the information they are looking for. And they do it all based on a SaaS business model. By integrating state-of-the-art data processing techniques in an intuitive interface at an affordable subscription price, Pluaris allows and supports collaboration in the most efficient and effective way possible.

For more information, visit the company’s website at www.Nowigence.com.

NOTE TO INVESTORS: The latest news and updates relating to Nowigence are available in the company’s newsroom at https://ibn.fm/NOW

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