Artificial Solutions new revenue and business model highlighted in analysis from Hardman & Co
Artificial Solutions® (SSME:ASAI), the leading specialist in Conversational AI, today announced the publication of a company analysis by Hardman and Co, at the request of Artificial Solutions. The report confirms a positive market response to the new recurring revenue model and provide an analysis of key milestones, including the patent portfolio, the demonstrated technology leadership, the roadmap to accelerated new customer acquisitions and significant cost reductions.
The report highlighted the company’s signed contracts, such as the recent agreement with one of the world´s largest telecom operators, and the current panorama where enterprises are seeking to automate business processes, as an indicator that Artificial Solution’s technology remains market leading.
“We welcome the comments in this Hardman & Co analysis and are happy that the changes and new propositions we are introducing have been recognised,” says Per Ottosson, CEO at Artificial Solutions. “There is a growing trend for faster, more scalable automation processes, and simultaneously more companies are embracing SaaS services as the most efficient way to deploy conversational AI solutions. We aspire to be at the forefront of this new approach.”
The Hardman & Co analysis examined also Artificial Solutions’ LUIS^Teneo proposition, combining Teneo with Microsoft LUIS in the Azure Marketplace, as a move that “should unlock customer wins”.
In its analysis, the report describes the company’s change in approach under the current management team, and its intention to operate as an innovative and agile software-as-a-service (SaaS) business, with a non-hierarchal structure, new pricing model and a focus on expanding the customer base, as “emphatic”.
Artificial Solutions’ conversational AI platform, Teneo ®, is designed for enterprise use. The award-winning platform allows business users and developers to collaborate on creating sophisticated, highly intelligent applications that run across more than 84 languages, multiple platforms and channels in record time.
In February 2021, Artificial Solutions announced the launch of LUIS^Teneo, the runtime and development environment running on Microsoft Azure. “LUIS^Teneo offers a more advanced developer environment,and allows bots to be built with relative ease compared with alternative options with the benefit of Teneo’s proven scalability at the level required by global requires,” the report explains.
For more information and to read the full report please visit: https://www.investors.artificial-solutions.com/
For further information, please contact:
Fredrik Törgren, CFO, Artificial Solutions
Telephone: +46 (0)70 355 08 29
e-Mail: fredrik.torgren@artificial-solutions.com
About Artificial Solutions
Artificial Solutions® (SSME:ASAI) is the leading specialist in Conversational AI. We enable communication with applications, websites and devices in everyday, humanlike natural language via voice, text, touch or gesture input.
Artificial Solutions’ advanced conversational AI Teneo®, allows business users and developers to create sophisticated, highly intelligent applications that run across 84 languages and dialects, multiple platforms and channels in record time. The ability to analyse and make use of the enormous quantities of conversational data is fully integrated within Teneo, delivering unprecedented levels of data insight that reveal what customers are truly thinking.Artificial Solutions’ conversational AI technology makes it easy to implement a wide range of natural language applications such as virtual assistants, conversational bots, speech-based conversational UIs for smart devices and more. It is already used daily by millions of people across hundreds of private and public sector deployments worldwide.
For more information, please visit www.artificial-solutions.com