NEW YORK – Innodata Inc. (NASDAQ:INOD), a global data engineering company, introduced Intelligent Insights™, a new feature for its Agility PR Solutions platform, designed to improve media monitoring with artificial intelligence technology generative. This addition aims to provide organizations with in-depth, real-time media analytics and language translation capabilities.
Intelligent Insights is integrated into Agility, a PR SaaS platform, and aims to simplify the process of gathering insights from various media sources. The functionality enables contextual analysis of brand mentions or trends, potentially increasing efficiency in business decision-making regarding reputation, branding and industry positioning.
Martin Lyster, CEO of Agility PR Solutions, a subsidiary of Innodata, said the new functionality represents a significant advancement for media intelligence, delivering targeted and personalized news. He indicated that this development positions Agility at the forefront of AI-enabled generative media monitoring.
The technology has reportedly been well received by pilot customers, with one director of external communications at a major tourism marketing organization noting its effectiveness in quickly distilling key information from news articles.
Innodata CEO Jack Abuhoff said that following last year’s launch of PR CoPilot™, which applied generative AI to press releases and creating multimedia presentations, Intelligent Insights is the second major component to be introduced in their integrated PR suite. Abuhoff shares optimism about the reception of the new technology based on the increase in demo-to-close rates seen after the introduction of PR CoPilot.
Agility PR Solutions has been recognized as a 2023 Momentum Leader by software review site G2, reflecting its innovative approach in the PR software space. Innodata, with a legacy spanning over three decades, continues to provide AI solutions and services across various industries.
The announcement is based on a press release and contains forward-looking statements that are subject to risks and uncertainties. These include, but are not limited to, market conditions, customer contracts and competition. Innodata cautions against placing undue reliance on these forward-looking statements, which speak only as of their date.
Insights on InvestingPro
As Innodata Inc. (NASDAQ:INOD) launches its Intelligent Insights™ feature to strengthen its Agility PR Solutions platform, the company’s financial health and market performance provide the backdrop to understanding its potential growth trajectory. InvestingPro data reveals a Market capitalization From $173.67 millionindicating a moderate size within the technology sector, which could suggest room for growth or potential vulnerability to market changes.
The company’s shares have seen significant volatility, with a Price % of 52 week high TO 39.32%, reflecting the recent drop in prices. Furthermore, the Total price return in 1 month starting this year it is equal to -14.69%which is in line with InvestingPro’s suggestion that the stock generally trades with high price volatility and has performed poorly over the past month.
Despite the challenges in terms of profitability, as indicated by a P/E ratio (adjusted) From -191.26 For the trailing twelve months as of Q4 2023, Innodata holds more cash than debt on its balance sheet, which is a positive sign for financial stability and future investments in growth initiatives like Intelligent Insights™.
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