2024-01-18 10:51:35 ET
The %ArtificialIntelligence (AI) market is entering a period of immense growth, with some estimates predicting it will balloon to $293.56 billion by 2030 according to a report by Polaris Research . That represents a staggering compound annual growth rate (CAGR) of 21.3%. With numbers like that, it's no wonder innovative companies are flocking to plant their flags in the AI landscape early.
Some of the biggest names in tech are staking big claims in AI, like %OpenAI and its buzzworthy chatbot %ChatGPT . But many other promising companies with interesting specializations are now entering the arena – and investors are taking notice:
- Verses AI (NEO: ) has developed Genius, a platform for data analysis and knowledge generation using neural networks and deep learning. It also created KOSMOS, the world's first distributed network operating system to enable intelligence across devices.
- Fiserv (NYSE: FI) is a %Fintech and payments leader that helps financial institutions and businesses move money and information. It provides solutions for banking, global commerce, merchant services, billing, payments and more. Fiserv offers digital services like Experian Smart MoneyTM to help consumers build credit and save.
- Experian ( LSE: EXPN.L ) is an information services provider that assists consumers and businesses in managing credit risk, preventing fraud, and optimizing decisions. It offers free services like Experian Boost® to allow people to increase their credit scores. Experian uses AI and machine learning to improve identity verification, credit scoring, marketing analytics and more.
- %ImpactAnalytics (CSE: PACT) (OTC: IPTNF) is a company that provides data and analytics solutions for %CreditRiskManagement – breaking new ground when it comes to AI applications.
Enter Impact Analytics: The AI-Powered Risk Management Specialists
Impact Analytics (CSE: ) (OTC: ) is developing a patentable risk assessment engine designed from the ground up to optimize risk-related decision making. The company's mission is to reimagine traditional financial models in a progressive way by layering AI and telemetric capabilities.
PACT offers AI-based products for the credit surveillance, underwriting, loan origination and bundling verticals.
Impact aims to transform credit risk analysis with a synergetic platform designed for constant evolution, pinpoint refinement, and dynamic insight extraction.:
- Streamlining Risk Decisions in Real-Time : PACT’s AI Risk Assessment API powers instant, accurate risk appraisals, arming businesses with the real-time insights essential for informed decision-making. These efforts combined serve to break down barriers to risk analytics by furnishing small & medium companies the metadata & AI capabilities historically locked in expensive enterprise tools.
- Elevating Credit Insight : Their quantum-inspired algorithms reimagine risk analysis by enhancing understanding of credit behavior. By studying behaviors, their quantum methodology reveals comprehensive risk profiles. The tech also harnesses telematics technology to blend leading-edge assessment for unparalleled accuracy. Discoveries within outlier data improve access for the underserved.
- Harnessing Actionable Insights: Impact’s secure machine learning deciphers complex data for organizations, enabling clear insights. They highlight signals in datasets to drive strategic choices. Optimized systems identify outlier opportunities, unveiling openings for growth. The system also organizes core data, enabling streamlined processes and sustainable expansion through unified insights.
Running the numbers
Impact Analytics occupies a focused niche within the expansive, fast-scaling AI risk analytics market projected to reach $54.9 billion valuation by 2027 - giving it ample room to carve out market share. Their efforts are led by a seasoned team spanning critical areas like tech, law, finance, and entrepreneurship – covering all the bases needed to turn vision into business success.
PACT has secured a class-A engineering partner in Research Laundry: an experienced studio with a proven track record building and selling companies around cutting-edge technologies. They’ve completed over 10 exits and currently boast a market cap of $2 billion.
Additionally, they have laid out a clear technology roadmap including milestones like patent submission, product launches, and proof of enhanced risk insights ("alpha") by 2024. The company's mission resonates as well - leveraging AI and data analytics to modernize and upgrade outdated risk models still prevalent across the massive credit industry.
PACT shows strong fundamentals on its road towards executing its narrowly targeted but high-value AI approach tailor-made to transform risk modeling. The growth trajectory and product roadmap place them at the leading edge of modernizing risk models with AI. For investors seeking focused early-stage (currently sitting at a modest $26.6 million market cap) exposure to a specialized trailblazer in the high-growth AI sector, PACT is worth keeping on the radar.
About Impact Analytics Inc.
Impact Analytics Inc. ( CSE: PACT ) (OTC: IPTNF), an intelligent risk assessment platform company, operates as a financial services company focusing on building an AI-powered risk assessment engine to govern and optimize organizational decision making. Its risk assessment model is designed to reimagine traditional finance in a meaningful way. The company was formerly known as Axiom Capital Advisors Inc. and changed its name to Impact Analytics Inc. in October 2023. The company was incorporated in 2020 and is headquartered in Calgary, Canada.
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