Datametrex is a plug and play solution for vendors. The company extends the life of Point of Sale terminals (POS), without having to upgrade them to new cloud-based devices through its DataTap technology. The DataTap captures all data sent from the POS to the receipt printer and then sends it to the cloud, so it can be presented in a dashboard for management to monitor key pertinent information and make vital business decisions. The value of this data across many retail locations provides imperative business intelligence, and the company plans to implement blockchain platforms to give the data further authentication, verification, and integrity across each specific network of retailer.
This will offer tremendous value to brands that want this insight on POS (Point of Sale) data for products sold through their retail distribution channel. Once Nexalogy, a company being acquired by Datametrex, has the most reliable data from the Datametrex blockchain, it can add key artificial intelligence (AI) techniques to further optimize the data. This combination of blockchain and AI for the POS market is extremely compelling and will be unrivaled in the market.
The combination of gathering structured data through Datametrex’s DataTap and unstructured data though Nexalogy’s AI platform, and feeding it into a blockchain platform will truly redefine business intelligence with the most optimum and relevant information.
Nexalogy’s AI platform unlocks valuable insights and analysis from a variety of data sources, giving brands, corporations, and governments a unique way to analyze information and make better decisions in areas like security, marketing, and overall operations. The company’s proprietary algorithms, when merged with traditional business intelligence provides an innovative platform using artificial intelligence and social data, Nexalogy is also working on predictive and sentiment analysis, entity extraction, and advanced geolocation and filtering techniques.
Nexalogy is emerging as a disruptive leader in the Business Intelligence marketplace with strong focus in Social Data analysis. According to Markets and Markets, a flagship competitive intelligence and market research firm serving 1700 global fortune enterprises, “the Social Media Analytics Market is worth 5.4 Billion USD by 2020. The rapid growth is because of the transition from traditional Business Intelligence (BI) techniques to advanced analytics and the massive surge in the number of social media users and data.”
“We are excited to roll-out our AI platform in a number of new markets and to continue penetrating areas where we have good traction. Additionally, the opportunity to combine AI and blockchain technology while working with rich data sets, provides a vital and truly innovative solution for the business intelligence marketplace. The opportunities for combining traditional and social data are widely needed across the Fortune 1000. Enhancing this data through AI and blockchain protocols propels our platform to the forefront of Business Intelligence,” said Andrew Ryu, Chairman and CEO of the company.
About Nexalogy
Nexalogy unlocks valuable insights from social media data. Through its proprietary semantic clustering algorithms, it provides insights and analysis that aren’t available through traditional business intelligence technology. This technology makes data more relevant and is the missing link in providing actionable social media intelligence to governments and organizations all over the world.
About the Company
Datametrex is a big data company for retail, brands, and other organizations. The company’s DataTap technology captures all data sent from the POS to the receipt printer and scanner, and then sends it to the cloud, so it can be presented for key decision making. The company is planning on integrating the DataTap environment to decentralized blockchains to further authenticate and validate the data collected. To learn more about the Company, visit: www.datametrex.com.
For further information, please contact:
Jeffrey Stevens – President & COO
Phone: (647) 400-8494
Email: jstevens@datametrex.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release includes certain forward-looking statements within the meaning of Canadian securities laws. Such forward-looking information and statements are not representative of historical facts or information or current condition, but instead represent only the Company`s and Nexalogy`s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s and Nexalogy`s control.
Generally, such forward-looking information or statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”.
The forward-looking information contained herein includes, but is not limited to, information with respect to prospective financial performance, anticipated capital funding and sources, proposed or potential acquisitions, estimated operating and sales costs, estimated market drivers and demand, business prospects and strategy, new markets for growth and financial position. By identifying such information and statements in this manner, the Company and Nexalogy are alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company or Nexalogy to be materially different from those expressed or implied by such information and statements.
Although the Company and Nexalogy believe that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. Accordingly, readers should not place undue reliance on any forward-looking information or statements contained in this press release.
The forward-looking information contained in this press release is made as of the date hereof, and the Company does not undertake to update any forward-looking information that is contained or referenced herein, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. All subsequent written and oral forward looking information and statements attributable to the Company or persons acting on its behalf are expressly qualified in its entirety by this notice.
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