- AI market expected to grow at CAGR of over 60 percent until 2022
- Financial portal that reports on over 50,000 global equities and North American ETFs
- Financial content from Euronext, The Wall Street Journal, Thomson Reuters, Yahoo Finance, et al
The pithy saw attributed to Mark Twain, “truth is stranger than fiction,” is in part a reminder that today’s technological landscape is born out of yesterday’s dreams. Examples abound, a list of even recent innovations would fill page after page. No field has escaped the relentless march of the future, not even fortune telling. For artificial intelligence (“AI”) now offers this old profession a new tool to understand what may lie ahead. As usual, a hint of what is possible comes from fiction. Writing in the Guardian, Nobel Prize-winning economist Paul Krugman confessed that no other book has shaped his professional life as much as Isaac Asimov’s Foundation Trilogy (http://ibn.fm/liue7). Set against a backdrop of galactic immensity, the overarching premise of Asimov’s magnum opus is that possible future outcomes can be probabilistically assessed by a study of currently available data. Now AnalytixInsight (TSX.V: ALY) (OTCQB: ATIXF) is offering the capacity to make that vision a reality by transforming data into actionable insights. The company has developed a proprietary, machine-learning technology that algorithmically analyzes big data and distills it to understand current trends, which is nothing less than predicting the future.
The company’s flagship product – CapitalCube.com – is a financial portal that provides comprehensive analysis that includes on-demand fundamental research, portfolio evaluation and screening tools on over 50,000 global equities and North American ETFs. CapitalCube’s online portal is meant to generate investment ideas by providing in-depth analysis, peer-to-peer performance evaluations, accounting and earnings reports, dividend strength and AI-supported information about likely corporate actions such as dividend changes, share buybacks and acquisitions. For the investment community, CapitalCube is offering the closest thing to a crystal ball.
Dr. Krugman is not the only one who thinks Asimov’s conception is becoming reality. Well-respected newspaper The Economist (http://ibn.fm/hLerN) writes, “The rise of mobile phones and social networks means budding psychohistorians do now have an enormous amount of data that they can search for information which might yield more modest patterns of predictability.” Psychohistorians were the mathematicians in Asimov’s fantastical world who used advanced analysis to uncover social trends.
Indeed, a sort of psychohistory is already being practiced, according to that Economist piece. Song Chaoming, a physicist at Northeastern University in Boston, has constructed an algorithm which can look at someone’s mobile-phone records and predict with an average of 93 percent accuracy where that person is at any moment of any day. Superficially, these results appear unexciting, since most people have regular routines. However, for the 50,000 people surveyed, the algorithm maintained an accuracy that never fell below 80 percent. Again, Dr. Vespignani, another researcher at Northeastern, has created a program called GLEAM (Global Epidemic and Mobility Model) that was able to predict outbreaks of the flu, with an accuracy that was never more than two weeks off. The program analyzed travel patterns to produce its remarkable results. Such successes are becoming the norm. The AI market is big and getting bigger. Growing at a CAGR of 62.9 percent from 2016 to 2022, the market is expected to balloon to $16 billion by 2022.
CapitalCube is relying on a freemium pricing model that allows free access to basic financial information, with additional in-depth analysis and predictive analytics provided for $25 per month, and customized peer analysis for $300 per month. The portal publishes 3,000 articles daily and has multi-language capabilities. Content partners include Africa Investor, Euronext NV, The Wall Street Journal, Thomson Reuters and Yahoo Finance.
For more information, visit the company’s website at www.AnalytixInsight.com
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