- Datametrex AI (DM) has released Nexalogy SMART, an AI technology that minimizes human involvement in data analysis and reporting
- SMART stands for Social Media Automated Reporting Technology
- It builds on Nexalogy’s NexaSecurity product – a social media discovery monitoring platform designed for those looking to extract insights to inform decision making
- The company has been working with a federal program called IDEaS
- Datametrex AI is up 4.00 per cent and is trading for C$0.13 per share
Datametrex AI (DM) has released Nexalogy SMART, an AI technology that minimizes human involvement in data analysis and reporting.
SMART stands for Social Media Automated Reporting Technology and builds on Nexalogy’s NexaSecurity product – a social media discovery monitoring platform designed for those looking to extract insights to inform decision making.
Datametrex AI Limited CEO Marshall Gunter said the company’s AI pre-reads text and summarizes themes quickly, reliably and with precision.
Analysts can specify filters on the data to get automatic reports on subsets of the data focusing on specific times, entities, social media users, or topics. This means social media trends can be understood faster and with less difficulty, keeping companies ahead of the curve.
Nexalogy, a subsidiary of Datametrex, has been building artificial intelligence technology in conjunction with the Canadian government, the U.S. government and NATO for the last five to six years.
Gunter said what the company has done in the last few years is take the technology used in the public sector and transition it to the private sector.
“One of the things we recognized early on is we needed a way to make this stuff more approachable,” he added.
To do this, Gunter said the company has been working with a federal program called IDEaS (the Innovation for Defence Excellence and Security) for over a year. He said with the help of this program, the software can write 90 per cent of a report by itself.
“This does two things. Number one, it makes it way more approachable. Additionally [….] because that step is automated, it dramatically reduces the time an analyst needs to get actionable data into the hands of a decision maker. That’s the whole goal of it,” he said.
SMART integrates larger sets of data into smaller, more manageable reports which can be downloaded as a PDF or Word Document.
“We can tell you – what are the things that are going to bite you in a couple days, or the things that are just bubbling under the surface that you need to be aware of and get ahead of,” Gunter said. “So that’s our sweet spot.”
Datametrex AI is up 4.00 per cent and is trading for C$0.13 per share, as of 11:16am EST.
