- Company’s innovative Pluaris offering provides a synthesis of intelligence rather than just a picture of documents to open and read
- NOWG CEO believes the company’s market opportunity is “over $20 billion”
- As the world moves from an information era into a knowledge era, Nowigence gains footholds in both consumer and enterprise markets
Nowigence (OTCQB: NOWG), thae SaaS technology company behind Pluaris, a comprehensive and turnkey AI knowledge engine, and CEO Anoop Bhatia were the focus of a Proactive Investors director interview (https://nnw.fm/magPq). During the interview, Bhatia provided a brief overview of the company and talked about how its Pluaris offering simplifies the challenges of learning and accelerates the pace of problem solving and decision making, giving Nowigence the means to capitalize on a $20-billion-plus market opportunity.
Nowigence Inc. is focused on simplifying the challenges of learning, noted Bhatia, and the company’s name derives from the idea of “now” intelligence. “We are in the field of data intelligence, we are in the field of knowledge management,” he said. Explaining that one of the company’s overarching objectives was to replace keyword search, Bhatia said, “Keyword search doesn’t read the document, doesn’t open documents; it just kind of does a keyword match on the title line of the document.
“Our product actually goes into various documents, countless documents, within a few seconds to read the content, answer the question, synthesize the intelligence on a topic that you’re looking for,” Bhatia continued. “And it does it during the time of the search, so it takes about 5 to 20 seconds for you to get a synthesis of intelligence rather than just a picture of documents for you to open and read.”
According to Bhatia, Pluaris serves a target audience of knowledge seekers, who could be anyone from students to researchers. “Gartner says there are about a billion knowledge workers from around the world in the English language, and that becomes a market for us on a standalone basis,” Bhatia explained, going on to note that much like “our brain sits on top of our human bodies, Pluaris can also sit on top of various IT tools to read and search for intelligence. So, we do serve the enterprise market too, which is a higher-priced market for us. We process a lot of information for them.”
Bhatia stated that the market Pluaris analyzes is huge. “We believe that the market opportunity is over $20 billion,” he noted. “It’s a huge opportunity. It’s an emerging industry that is still seeking a lot of investment dollars. It’s in its early phase of growth. As we become more public, people will recognize and use the product we’ve created. The industry will grow exponentially, as we’re moving from an information era to a knowledge era, and Pluaris helps usher in that knowledge era.”
For now, says Bhatia, the company’s strategic plan is to grow commercially. “The product is very unique, a very differentiated product from the rest of the market,” he said. “We’ve already got footholds in both the consumer market and the enterprise market, so we do intend to grow the company, but we also intend to continue to invest in this product.”
Nowigence is an innovative software as a service (“SaaS”) company, focused on developing and bringing to market Pluaris, its comprehensive, ready-to-use artificial-intelligence platform. By integrating state-of-the-art data processing techniques in an intuitive interface at an affordable subscription price, Pluaris puts the power of data science into the hands of consumers.
For more information, visit the company’s website at www.Nowigence.com.
NOTE TO INVESTORS: The latest news and updates relating to NOWG are available in the company’s newsroom at https://nnw.fm/NOWG
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