Technology has gone through drastic changes over the decades, and now with the ever-increasing advancement in artificial intelligence and big data, companies are adopting the use of artificial intelligence to further understand their business in innovative ways they could not before. Today we will go over 3 microcap stocks doing remarkably interesting things in the artificial intelligence industry that you will want to keep on your radar for 2021.
DigiMax Global Solutions
DigiMax Global Solutions (CSE: DIGI) (OTC: DBKSF) has accomplished some very noteworthy developments over the past year, and through its recent acquisitions, DigiMax is paving the way in becoming a leading artificial intelligence company. DigiMax Global Solutions invests and develops innovative artificial intelligence and predictive analytics technology to serve customers in the financial markets, as well as providing deeper insights into trends in sales, supply chains and its workforce. Its growth within the artificial intelligence industry stems from its two assets it acquired in 2020: DataNavee and Darwin.
DataNavee
At its core, DIGI’s subsidiary DataNavee collects, organizes, and correlates data to provide its clients with deeper insights into various areas of a company’s operations and management can utilize the gathered data to make a more informed decision. For example, DataNaveePredict is a predictive analytics solutions service that can spot trends in sales, revenues and supply chains that results in improved forecasts, sales predictions, accurate supply chain forecasts to maintain optimal inventory levels.
Darwin Ecosystem
Leveraging on its partnership with IBM’s Watson and Cloud computing services, The Darwin Ecosystem is an artificial intelligence-based technology system that has developed several applications that serves both financial capital and human capital, which compliments DIGI’s subsidiary, DataNavee. One such notable application of the Darwin Ecosystem is the Projected Personality Interpreter (PPI) that gathers and analyzes various datasets of a person including personality traits and sentiment, to help organizations better understand its workforce. Insights like these can improve a companies recruitment campaign and employee retention. Obtaining detailed personality reports can also be used to better understand the work environment and the possible inefficiencies within the workplace. The Darwin Ecosystem asset was purchased from NELI International Inc. on December 21st 2020, in an all stock deal valued at $300,000.
CryptoDivine.ai
By leveraging the company’s vast knowledge in artificial intelligence and experience in predictive behaviour technology, DigiMax developed CryptoDivine.ai, a predictive trend indicator application to assist cryptocurrency traders in recognizing trends before they happen. CryptoDivine.ai offers its users 8 proprietary technical trading indicators that can send email notifications as indicators change for the selected cryptocurrency of Bitcoin or Ethereum on a 24/7 basis. DIGI anticipates a full launch of its CryptoDivine app in June on a subscription basis and will cost users $99.95 per month. Technology that can provide crypto traders with market insight in which way it will move with accuracy, we think could be a major hit as this will help this will help traders limit major losses and or maximize their profits more frequently making them more profitable! All it takes is one good trade that could pay for the service itself many times over.
In mid-March, DIGI announced that the company has completed a private placement for $13.2 Million with institutional investors at a purchase price of $.35 cents. With the stock currently trading at $.25 cents or a 28.5% discount from its funding price, we believe that DIGI is at a very attractive entry point. With many developments on the way including the launch of its predictive crypto indicator app CryptoDivine.ai in the coming months, DIGI could have some major upside in the not-so-distant future so keep watch!
Winfall Geotek
The mining and exploration industry have been around for a long time and over the decades there have been some technological advancements implemented within the industry to facilitate the discovery of precious metals. This next artificial intelligence company is one stock you will want to keep your eyes on as the company is transforming the mining industry in a big way all by using artificial intelligence!
Windfall Geotek Inc. (TSX-V: WIN) (OTCQB: WINKF) a mining services company combines sensors, big data and artificial intelligence to provide in depth information and low-cost data analysis on a mining company’s property using WIN’s proprietary EAGLEYE’s predictive technology. EAGLEYE uses CARDS “Computer Aided Resources Detection System” technology that compiles high statistical probabilities of mineral deposits from its “KEDME” Knowledge Extraction Data Mining Engine by analyzing previously compiled historical exploration data. This gives owners and operators of mining properties a better understanding of what may lay beneath the surface and give more detailed information on which targets may present the best results for drilling of high mineral deposits.
Windfall Geotek’s Vast Client List
Windfall Geotek has a large client base that the company has conducted work for an includes companies such as U.S Gold Corp, TOMA Gold, De Beers Canada, Bonterra Resources, Trillium Mining just to name a few! Below is a list of some of the company’s WIN has worked with to provide deeper analysis into its properties. Bringing a mining property to production is very expensive and not all mines are economically viable in terms of bringing its ore to market, and WIN’s technology can help exploration and mining companies cut costs down while optimizing the possibility on focusing more promising drill targets.
WIN also uses its technology in other areas other than the mining industry. In February, Windfall Geotek in partnership with DraganFly (CSE: DFLY) announced that the company’s have advanced their advanced field testing with the EagleEye technology for the detection of land mines. The CEO of DFLY Cameron Chell was quoted “Windfall Geotek is the industry leader in AI-based digital exploration for mining. We now have the right mixture of equipment and data to move to the commercialization of an advanced AI-based platform to help solve the global problem of landmines”. Undetected landmines present a major problem around the world as it is estimated that an average ten people per day or 4,200 people become either severely maimed or killed due to anti-personnel mines. Of the 4,200 people killed or seriously injured every year, approximately 35% - 42% are children and it is also estimated that there are currently 60-110 million anti-personnel mines in the ground, leaving no shortage of work for WIN and DFLY to detect APM’s around the globe.
In addition to the joint efforts between WIN and DFLY, DraganFly announced that the company has secured a $1 Million contract to deploy the EagleEye technology with WIN to provide better insight into potential targets on a mining property which contains nickel, zinc, cobalt and lithium. Dinesh Kandanchatha the Chairman of WIN stated “We are excited about this phase of Windfall’s growth with Draganfly. Bringing our two technology and service platforms together is industry-defining as we can provide the most ecologically friendly and in-depth exploration solution in the industry”.
From the mining industry to the detection of landmines, Windfall Geotek has a great opportunity to make big strides in industries that have not seen much innovation, and 2021 may prove to be quite a year for this growing AI company!
Loop Insights
Loop Insights (TSX-V: MTRX) (OTCQB: RACMF) is a company that combines the Internet of things and artificial intelligence to provide data insights for a business’s operations and provides relevant marketing to their customers. The magic behind this is a technology called Fobi, that connects to a company’s point of sale and customer relationship management infrastructure, creating a seamless body of data for analysis and uses artificial intelligence to automate marketing opportunities and create highly detailed profiles and insights for each customer.
Other technologies behind Loop are the Loop Cloud, which manages all its microservices and controls automated processes. SmarTap is a contactless NFC reader that enables communication between a point of sale and mobile devices. Mobile Wallet Pass is an app that provides contactless engagement with customers.
Loop Insights Has a Management Team with Solid Experience
The CEO and Chairman of the Board is Rob Anson. He has over ten years of global strategic product development for Walmart, Amazon, Home Depot among others. CFO Mark Lotz is a CPA with 26 years of experience in capital markets across a wide array of industries.
Loop Insights Sees Opportunities in a Myriad of Retail
Loop Insights sees the biggest opportunities for their technology in brick & mortar retail, sports venues, telecom, casino gaming and cannabis. Sports venues offer an opportunity to enhance the whole stadium/venue experience and increase customer spend. Partnerships with telecoms would call upon the company’s IoT technology to provide connectivity across brands, platforms and locations. The casino gaming industry is very driven by loyalty profiles. Loop Insights’ technology can track this and enhance engagement. The budding Cannabis market is concerned with micro-trend data and customer data from end to end—something Fobi can Loop Insight’s other technology can help with.
Loop Insights Stands to Benefit from the Synergy of Multiple Trends
Loop Insights stands at the nexus of several growing trends—artificial intelligence is expected to grow at a CAGR in 2022 over 2019. The contactless technology terminal market is anticipated to grow at a CAGR of 25.8% in 2025 over the 2019 numbers, while customer experience is expected to grow at 8.2% in 2022 over 2019.
The Company Is Making Significant Deals
Some of the milestones completed by Loop Insights in 2020 include signing an agreement with NCAA Division I University of Houston athletics to implement a contactless platform for cashless commerce and tracing, and the company being selected as the premier venue tracing and fan engagement solution for the NCAA College Basketball bubble in Las Vegas.
The company also completed a 20-location pilot of Your CDB Store. The company now plans to roll out their technology to the rest of Your CDB Store's 550-location footprint. The deal has generated recurring monthly revenue for the company.
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