STOCK TITAN

Trend Innovations Holding Inc. Reports on the Results of IT Consulting Services and Announces the Development Plans in this Area Until 2022

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary

Trend Innovations Holding Inc. (OTC PINK:TREN) has analyzed its subsidiary, Lemalike Innovations, which focuses on IT consulting services. The analysis indicates that revenue predominantly stems from integration development and management consulting projects. The shift towards telework and cloud services due to the 2020 events has increased demand for short-term strategies and IT infrastructure scaling. In February 2021, Lemalike launched an AI-powered consultant chatbot, enhancing client interaction. The company aims to refine its chatbot into an independent consultant by 2022, focusing on big data analytics and cloud solutions.

Positive
  • Increased revenue from integration development and management consulting.
  • Introduction of an AI chatbot enhancing client interaction and service efficiency.
  • Plans to refine AI chatbot for independent consulting by 2022.
Negative
  • None.

VILNIUS, LITHUANIA / ACCESSWIRE / April 30, 2021 / Trend Innovations Holding Inc. (OTC PINK:TREN), a company engaged in information technology based on AI, has made an analysis of the work of its member company Lemalike Innovations that provides IT consulting services. As part of this analysis, it was revealed that most of the revenue came from consulting projects in integrations development, as well as management consulting.

Based on an assessment of incoming customer inquiries, Lemalike Innovations determined that the events of 2020 motivated companies to use teleworking and communication tools, cloud services, remote services and contactless solutions. The planning horizon has changed: short-term strategies have become more popular, allowing to solve problems clearly and quickly. Scaling up the IT infrastructure was once again a priority.

It is also worth noting that this year in February, the first version of the consultant chatbot with artificial intelligence was launched on the company's website. It has already become an indispensable element of the company's interaction with its customers. AI has made it faster to get information and interact with the clients.

Lemalike Innovations' customers are typically businesses that are interested in optimizing the use of their resources and therefore increasing the efficiency. The company is able to help almost any business, from printing agencies and consultants to logistics and pharmaceuticals.

Moving to a new level of customer focus is in the development plans of Lemalike Innovations till 2022. To achieve this result, the board considers to refine the chatbot's artificial intelligence to the level of an independent consultant. With faster real-time processing of data, AI will be able to process more information and thus create the foundation for consulting clients at the level of a live consultant. This improvement will help the business not miss out on new customers.

The team closely monitors analysts' forecasts about technologies demands for the next year. According to these forecasts, the greatest hopes are pinned on big data analytics, artificial intelligence and cloud solutions. Based on this and the experience of interacting with its current customers, Lemalike Innovations has decided to improve the quality of services in these areas.

About Trend Innovations Holding Inc.

Trend Innovations Holding Inc. (OTC Markets: TREN) is an expert in the field of information technology based on artificial intelligence. Thy News application is one of the key projects of the company. Thy News is a worldwide application for processing news from multiple sources. It is created for users who value their time and desire to keep up with the latest world news. The app provides the user with the opportunity to create their own news feeds, only from those sources that are of interest to him, as well as to make several such feeds by dividing them into topics.

All the company's news:

https://trendinnovationsholding.com/news/

The company's website:

https://trendinnovationsholding.com

Forward-Looking Disclaimer

This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Trend Innovations Holding, Inc. to be materially different from the statements made herein.

CONTACT:
Mikhail Bukshpan
Trend Innovations Holding Inc.
+15404950016
news@trendinnovationsholding.com

SOURCE: Trend Innovations Holding Inc.



View source version on accesswire.com:
https://www.accesswire.com/643425/Trend-Innovations-Holding-Inc-Reports-on-the-Results-of-IT-Consulting-Services-and-Announces-the-Development-Plans-in-this-Area-Until-2022

FAQ

What are the key revenue sources for Trend Innovations Holding Inc. (TREN)?

The key revenue sources for Trend Innovations Holding Inc. (TREN) mainly come from integration development and management consulting projects.

When did Trend Innovations Holding Inc. launch its AI chatbot?

Trend Innovations Holding Inc. launched its AI-powered consultant chatbot in February 2021.

What are the development plans for Lemalike Innovations in 2022?

Lemalike Innovations plans to refine its AI chatbot to function as an independent consultant by 2022.

How has the pandemic impacted Trend Innovations Holding Inc.'s business model?

The pandemic has shifted demand towards teleworking, cloud services, and short-term IT strategies, impacting Trend Innovations Holding Inc.'s approach.

What technologies is Trend Innovations Holding Inc. focusing on for future services?

Trend Innovations Holding Inc. is focusing on big data analytics, artificial intelligence, and cloud solutions for future service improvements.

TREN

:TREN

TREN Rankings

TREN Latest News

TREN Stock Data

90.31M