Datametrex Provides AI and Blockchain Update

Datametrex (TSXV:DM) has announced an additional update into its technology roadmap.
As quoted in the press release:

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.

Click here to read the full press release.