Alarum: NetNut to Introduce Revolutionary AI Data Collector Product Line
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Insights
The introduction of Alarum Technologies Ltd.'s AI Data Collector by its subsidiary NetNut Ltd. signals a transformative shift in the web data collection industry. This innovation stands to disrupt traditional data collection methods, which are often labor-intensive and prone to inefficiency due to manual setup and maintenance. By automating these processes, the AI Data Collector could substantially reduce operational costs and time for businesses that rely on web data scraping for market analysis, competitive intelligence and strategic decision-making.
The no-code interface and AI's adaptability to website changes are particularly noteworthy. These features could democratize data scraping, allowing a broader range of users without technical expertise to gather data, which could expand the market for NetNut's product. The proprietary unblocking technology suggests a competitive edge, as it promises uninterrupted access to data, a common challenge in web scraping activities due to anti-scraping technologies employed by websites.
For stakeholders, the short-term implications involve monitoring the adoption rate of the AI Data Collector and its impact on NetNut's market share and revenue growth. Long-term implications include the potential for this technology to become a standard in the industry, leading to increased dependency on Alarum's solutions and possibly reshaping the competitive landscape.
From a financial perspective, the launch of the AI Data Collector by Alarum Technologies Ltd. could be a catalyst for growth, given the increasing demand for data-driven decision-making in business. The scalability of the product, as indicated by the capacity to develop numerous custom scrapers, suggests that NetNut is targeting not just large enterprises but also small to medium-sized businesses, which could lead to a diversified customer base and revenue streams.
Investors should consider the potential market size for AI-driven data collection tools and the rate at which businesses are likely to adopt such advanced technologies. The R&D investment into the AI Data Collector and its subsequent market performance will be critical in assessing the return on investment for Alarum. Additionally, the impact on operating margins due to the reduction in manual input and maintenance needs to be evaluated.
However, it's important to remain cautious as the actual performance of the product post-launch will determine its success. Market reception, effectiveness of the technology in real-world applications and the company's ability to scale and support the product are key factors that will influence financial outcomes.
The introduction of Alarum's AI Data Collector also raises considerations from a legal standpoint. The product's capability to bypass anti-scraping technologies might attract scrutiny regarding data privacy and cybersecurity laws. Companies leveraging this technology will need to ensure compliance with regulations such as the General Data Protection Regulation (GDPR) in Europe and various privacy laws across jurisdictions.
Furthermore, the legal landscape surrounding web scraping is complex and varies by country. The proprietary unblocking technology may challenge existing legal frameworks and Alarum must navigate these carefully to avoid potential litigation or regulatory penalties. Stakeholders should be aware of the legal risks associated with the deployment of such technologies and the company's strategies to mitigate them.
Additionally, the ease of use and accessibility of the AI Data Collector could lead to an increase in data scraping activities, potentially intensifying the legal debate around the ethical and lawful extraction of web data. Monitoring evolving legislation and court rulings related to web scraping will be important for assessing the long-term viability of Alarum's product.
The AI Data Collector is an important milestone in NetNut’s roadmap towards securing its share of the data collection market; Will revolutionize current web data collection methods and allow users to scrape internet data tailored to their specific requirements.
TEL AVIV, Israel, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Alarum Technologies Ltd. (Nasdaq, TASE: ALAR) (“Alarum” or the “Company”), a global provider of internet access and web data collection solutions, today announces that following comprehensive research of the industry, the establishment of a dedicated team of experts and after successful proof of concept, NetNut Ltd., its wholly owned subsidiary (“NetNut”), decided to officially launch an innovative artificial intelligence (“AI”) data collection product line. This cutting-edge product line represents a significant leap forward in data collection technology, addressing the challenges of time-intensive collector creation and maintenance that have long plagued businesses across industries. NetNut is expected to release the first version of the product by the end of 2024.
With an intuitive, no-code interface, the new AI Data Collector will enable users to effortlessly generate data collection within minutes. The product’s advanced AI will automatically adapt to website changes, ensuring continuous data collection without any downtime. Furthermore, NetNut's proprietary unblocking technology will provide seamless access to web data, which will allow uninterrupted data extraction at any scale. Users will simply be required to input the target URL, select desired data subjects, set the range of timing, and choose their preferred download format.
"We are excited to introduce our most innovative product line development yet, which adds to a series of new products we have launched in recent months. The new product represents a significant advancement in data gathering technologies, designed to empower businesses across industries with unparalleled insights and efficiency. Traditional methods of data collection often prove time-consuming, costly, and limited in scope. Recognizing this challenge, NetNut has leveraged cutting-edge AI technologies to develop a comprehensive range solution that will streamline and enhance the data collection process, to enable a quick and easy creation of custom data scraping, with the capacity to develop dozens or even hundreds of new scrapers, all made possible by the sophisticated technology that underpins its development," said Shachar Daniel, Alarum’s Chief Executive Officer. "The AI Data Collector marks our expansion into the data collection market as we empower organizations to unlock the full potential of their data, driving innovation and competitive advantage by automating the creation and maintenance of data collectors."
About Alarum Technologies Ltd.
Alarum Technologies Ltd. (Nasdaq, TASE: ALAR) is a global provider of internet access and web data collection solutions.
The solutions are based on our world’s fastest and most advanced and secured hybrid proxy network, enabling our customers to collect data anonymously at any scale from any public sources over the web. Our network comprises both exit points based on our proprietary reflection technology and hundreds of servers located at our ISP partners around the world. The infrastructure is optimally designed to guarantee privacy, quality, stability, and the speed of the service.
For more information about Alarum and its internet access solutions, please visit www.alarum.io.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Alarum is using forward-looking statements in this press release when it discusses the potential benefits and advantages of the new AI Data Collector, its potential to address market need and/or demand, its ability to develop multiple scrapers using its sophisticated technology, and the expected timing of release of the first version of the product. Because such statements deal with future events and are based on Alarum’s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of Alarum could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Alarum’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 31, 2023, and in any subsequent filings with the SEC. Except as otherwise required by law, Alarum undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Alarum is not responsible for the contents of third-party websites.
Investor Relations Contact:
Michal Efraty
+972-(0)52-3044404
michal@efraty.com
FAQ
What is the latest product line announced by Alarum Technologies Ltd. through its subsidiary NetNut?
When is the first version of the AI Data Collector expected to be released?
How does the AI Data Collector streamline data collection processes?
What technology does NetNut's proprietary unblocking technology provide for seamless data extraction?
Who is the Chief Executive Officer of Alarum Technologies Ltd.?
