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Datametrex AI (TSXV:DM) has announced an update for its Nexalogy subsidiary. As quoted in the press release: Nexalogy is working on a number of substantial government contracts in the public policy research and social data monitoring areas. The government vertical is growing substantially and Nexalogy anticipates significant growth over the next few years. Nexalogy’s repository …
Datametrex AI (TSXV:DM) has announced an update for its Nexalogy subsidiary.
As quoted in the press release:
Nexalogy is working on a number of substantial government contracts in the public policy research and social data monitoring areas. The government vertical is growing substantially and Nexalogy anticipates significant growth over the next few years. Nexalogy’s repository of data collected, over half a billion tweets a year and access to other data sources such as 85 million blogs and 8.8 million Facebook pages, gives the company a unique advantage when analyzing profiles and other unstructured data. Nexalogy is continuing to accumulate rich data sets that will position itself most effectively with brands and government agencies. Nexalogy is growing their presence in Asia and Europe along with a diversification of their revenue stream with ad buy offerings targeted at small cap public companies.
Nexalogy’s patented solutions provide valuable insight and analysis from a variety of data sources, giving governments and corporations a unique tool to analyze information and make informed decisions in the following areas; policy making, stakeholder analysis, social risk assessment, social license to operate, marketing, and overall operations. Nexalogy’s proprietary algorithms, when merged with traditional business intelligence, provide an innovative platform leveraging machine learning, social data intelligence and social Internet of Things (“IOT”) technology to redefine data analysis.
Nexalogy is emerging as a leader in the Business Intelligence (“BI”) marketplace with a 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 forecast to grow to 5.4 Billion USD by 2020. This rapid growth is due to the transition from traditional BI techniques to advanced analytics as well as the surge in the number of social media users and data.