EDISON, N.J., Jan. 15, 2019 /PRNewswire/ -- nova IQ announced that the company is focusing exclusively on providing Artificial Intelligence services to its clients.
This decision was made in response to increasing demands for AI services and rapidly increasing investments in the technology. "In 2017, companies invested approximately $40 Billion in artificial intelligence and investments are growing at a high rate1," say McKinsey analysts.
"AI promises to transform nearly every industry and is fundamentally reimagining how businesses operate. Yet the vast majority of business leaders are still trying to grasp what AI is and how to get started," says John Killeen, President & CEO of nova IQ.
nova IQ helps organizations use AI to address their biggest pain points, from driving back office and operational efficiencies to improvements in customer experience. The company leverages dAIquiri, a five-pillar approach that includes a combination of business consulting and engineering principles. The nova IQ team uses the approach to identify high ROI use cases, build implementation roadmaps, prepare data, prove algorithm efficacy and build enterprise scale AI platforms on fault tolerant and lightweight infrastructures.
For business environments that are focused on cutting costs and driving sales, AI provides endless opportunity. nova IQ's approach is specifically designed to provide firms with an AI solution that is flexible, reusable, and scalable across multiple functions of an organization. It also enables organizations to accelerate their own AI competencies. To this end, nova IQ's approach is drastically different than the product centric one taken by other technology companies and AI startups.
Read more about enterprise AI with the full white paper on nova IQ's website.
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About nova IQ
nova IQ, a subsidiary of DATA Inc., is a specialized AI services company that helps clients build their own AI capabilities or accelerate their AI roadmap using open source technologies.
1. McKinsey Global Institute, Artificial Intelligence: The Next Digital Frontier? June 2017
SOURCE nova IQ