Innodata Launches AI-Powered Media Intelligence Feature Intelligent Insights(TM)
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Introducing Intelligent Insights, a generative AI-powered feature in the Agility PR platform, represents a significant advancement in media monitoring technology. By automating the extraction of pertinent information from an array of media sources, this tool has the potential to enhance the decision-making process for executives. The ability to quickly translate and contextualize brand mentions could lead to more responsive public relations strategies.
The integration of this technology into Innodata's offerings could potentially increase the company's competitive edge in the PR software market. It is important to consider the adoption rate of such a feature among target customers, as it could influence Innodata's market share and revenue growth. Moreover, the claim of doubling demo-to-close rates after the launch of PR CoPilot may indicate a positive market response to AI-powered enhancements, suggesting a favorable outlook for the uptake of Intelligent Insights.
The announcement by Innodata Inc. regarding its new AI-powered media intelligence feature could have implications for its financial performance. The previous success of PR CoPilot in doubling demo-to-close rates provides a precedent that Intelligent Insights could similarly impact sales and customer acquisition metrics. As a result, investors might anticipate potential revenue growth stemming from this innovation.
However, it's important to monitor the actual performance data post-launch to validate these expectations. Operational costs associated with the development and maintenance of the new feature, as well as the customer conversion rate, will be key factors in determining the financial impact. Furthermore, the broader market's reaction to this technology, including competitive responses, may influence Innodata's stock valuation in the medium to long term.
The deployment of large language models in media monitoring via Agility PR's Intelligent Insights is indicative of the growing trend of AI integration in business applications. The feature's ability to automate and refine media analysis tasks could be a game-changer for public relations and communications departments.
Evaluating the technical robustness and accuracy of the AI model is essential, as it will directly affect the reliability of the insights provided. The technology's scalability and adaptability to different languages and contexts will also be critical in assessing its long-term viability and potential to disrupt the market. If successful, Innodata's technology could set a new standard for media intelligence tools, influencing industry benchmarks and expectations.
New Large Language Model (LLM) Technology Feature Complements Media Monitoring Capabilities Within Its Agility PR SaaS Platform
NEW YORK, NY / ACCESSWIRE / March 26, 2024 / Innodata Inc. (NASDAQ:INOD) ("Innodata" or the "Company"), a leading data engineering company, today announced the release of Intelligent Insights™, a new generative AI-powered media intelligence feature integrated into its industry-leading PR platform, Agility PR Solutions ("Agility") (www.agilitypr.com).
Leveraging generative AI technology, Intelligent Insights enables organizations to gather on-the-fly insights from global print, broadcast and social media platforms, contextually analyze specific brand mentions or trends, and perform language translations. The technology aims to increase an organization's efficiency by ensuring executives are equipped with the intelligence needed to make informed decisions for their companies, reputations, brands, products and industry positioning.
"Intelligent Insights significantly changes the game for organizations that analyze media for PR or industry intelligence," said Martin Lyster, CEO of Innodata subsidiary Agility PR Solutions. "Intelligent Insights produces more robust, on-point media intelligence quickly and accurately. What was once a ‘one-size-fits-all' technology, media monitoring is now targeted and refined, and news briefs are automatically customized. With PR CoPilot™ and Intelligent Insights, we believe we have become the leader in our competitive set for generative AI-enablement, and that Agility is poised to become the ‘must-have' platform for leading agencies, boutiques, and corporate communications departments."
A Director of External Communications at a leading tourism marketing organization shared their experience with the new feature: "Intelligent Insights has helped our team quickly understand the key takeaways of news articles. The benefits extend across our entire organization, making our media analysis smarter and more useful while saving valuable time."
"Last year, Agility launched PR CoPilot, which brought the power of generative AI and large language models to the task of writing press releases and media pitches," said Jack Abuhoff, CEO of Innodata. "Today, we're bringing large language model technology to media monitoring, the second major component of an integrated public relations suite. When we launched PR CoPilot, we saw our demo-to-close rates double, and based on the reaction we've gotten from pilot customers, we are optimistic that this new technology will be strongly received by our target markets."
To learn more about Intelligent Insights or to give Agility a try, book a demo at https://www.agilitypr.com/book-a-demo/.
To learn more about Innodata's other industry platforms or to learn how we can support your generative AI initiatives, contact Danielle Rue at drue@innodata.com.
About Innodata
Innodata (NASDAQ:INOD) is a global data engineering company delivering the promise of AI to many of the world's most prestigious companies. We provide AI-enabled software platforms and managed services for AI data collection/annotation, AI digital transformation, and industry-specific business processes. Our low-code Innodata AI technology platform is at the core of our offerings. In every relationship, we honor our 30+ year legacy of delivering the highest quality data and outstanding service to our customers. Visit www.innodata.com to learn more.
About Agility PR Solutions
Agility PR Solutions, an Innodata company, provides an innovative, industry-leading PR platform that streamlines media monitoring, outreach, and analysis all within an intuitive interface. Our platform was ranked a 2023 Momentum Leader by software review site G2. Our innovative and intuitive SaaS platform, combined with at-the-ready deep expert support, enables PR professionals to drive increased business impact in an ever-changing media landscape. Consistent with Innodata's overall mission of delivering the promise of AI, Agility enables PR pros to leverage today's most exciting generative AI technologies in pursuit of their mission. Visit https://www.agilitypr.com/ to learn more.
Forward-Looking Statements
This press release may contain certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These forward-looking statements include, without limitation, statements concerning our operations, economic performance, and financial condition. Words such as "project," "believe," "expect," "can," "continue," "could," "intend," "may," "should," "will," "anticipate," "indicate," "predict," "likely," "estimate," "plan," "potential," "possible," "promises," or the negatives thereof, and other similar expressions generally identify forward-looking statements.
These forward-looking statements are based on management's current expectations, assumptions and estimates and are subject to a number of risks and uncertainties, including, without limitation, impacts resulting from the continuing conflict between Russia and the Ukraine and Hamas' attack against Israel and the ensuing conflict; investments in large language models; that contracts may be terminated by customers; projected or committed volumes of work may not materialize; pipeline opportunities and customer discussions which may not materialize into work or expected volumes of work; the likelihood of continued development of the markets, particularly new and emerging markets, that our services support; the ability and willingness of our customers and prospective customers to execute business plans that give rise to requirements for our services; continuing reliance on project-based work in the Digital Data Solutions (DDS) segment and the primarily at-will nature of such contracts and the ability of these customers to reduce, delay or cancel projects; potential inability to replace projects that are completed, canceled or reduced; continuing DDS segment revenue concentration in a limited number of customers; our dependency on content providers in our Agility segment; the Company's ability to achieve revenue and growth targets, difficulty in integrating and deriving synergies from acquisitions, joint ventures and strategic investments; potential undiscovered liabilities of companies and businesses that we may acquire; potential impairment of the carrying value of goodwill and other acquired intangible assets of companies and businesses that we acquire; a continued downturn in or depressed market conditions; changes in external market factors; changes in our business or growth strategy; the emergence of new, or growth in existing competitors; various other competitive and technological factors; our use of and reliance on information technology systems, including potential security breaches, cyber-attacks, privacy breaches or data breaches that result in the unauthorized disclosure of consumer, customer, employee or Company information, or service interruptions and other risks and uncertainties indicated from time to time in our filings with the Securities and Exchange Commission.
Our actual results could differ materially from the results referred to in forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the risks discussed in Part I, Item 1A. "Risk Factors," Part II, Item 7. "Management's Discussion and Analysis of Financial Condition and Results of Operations," and other parts of our Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 4, 2024, as updated or amended by our other filings that we may make with the Securities and Exchange Commission. In light of these risks and uncertainties, there can be no assurance that the results referred to in the forward-looking statements will occur, and you should not place undue reliance on these forward-looking statements. These forward-looking statements speak only as of the date hereof.
We undertake no obligation to update or review any guidance or other forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by the Federal securities laws.
Company Contact
Marcia Novero
Innodata Inc.
Mnovero@innodata.com
(201) 371-8015
SOURCE: Innodata Inc.
View the original press release on accesswire.com
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