• Worldwide AI software revenue is forecast to total $62.5 billion in 2022, an increase of 21.3% from 2021
• Nowigence’s Pluaris is a powerful personal knowledge management (“PKM”) tool
• Pluaris generates an annotated data feed based on topics of interest and creates a permanent personal knowledge base

According to a news release from Gartner Inc., worldwide artificial intelligence (“AI”) software revenue is projected to reach $62.5 billion in 2022, an increase of 21.3% from 2021 (https://ibn.fm/NaWH0). Nowigence Inc. (NOWG) is emerging in this AI software space with its proprietary offering: Pluaris, a comprehensive, ready-to-use AI platform.

“Market growth will accelerate as organizations progress their maturity,” stated the Gartner report. “‘The AI software market is picking up speed, but its long-term trajectory will depend on enterprises advancing their AI maturity,’ said Alys Woodward, senior research director at Gartner.

“The AI software market encompasses applications with AI embedded in them, such as computer vision software, as well as software that is used to build AI systems,” the article continued. “Gartner’s AI software forecast is based on use cases, measuring the amount of potential business value, timing of business value and risk to project how use cases will grow.

Gartner forecasts that the top five use case categories for AI software spending in 2022 will be knowledge management, virtual assistants, autonomous vehicles, digital workplace and crowdsourced data.”

Knowledge management is where Nowigence shines. The company’s Pluaris offering is a personal knowledge management (“PKM”) tool that generates an annotated data feed based on topics of interest and then automatically creates a permanent personal knowledge base from a specified feed and private uploads. The app works around the clock and can analyze hundreds of pages of text almost instantly.

Pluaris doesn’t stop there. The platform stores the extracted intelligence in a searchable database so that even if users forget what they’ve read, Pluaris doesn’t. The intuitive interface makes it easy to drill down to whatever level of detail a user requires, even revealing hidden insights.

“Successful AI business outcomes will depend on the careful selection of use cases,” the Gartner article noted. “Use cases that deliver significant business value, yet can be scaled to reduce risk, are critical to demonstrate the impact of AI investment to business stakeholders.” Nowigence’s AI Pluaris offering is an ideal example of one such successful outcome. 

With its Pluaris offering, Nowigence provides a unique solution to the growing challenge of collaboration overload and the desperate need for tools that identify, organize and distribute information in a uniform way so that everyone has access to critical information. Pluaris reads and analyzes articles, documents and other textual data, so users can learn more in less time, uncover hidden insights, and stay on top of the information they need to know. By integrating state-of-the-art data-processing techniques in an intuitive interface at an affordable subscription price, Pluaris allows and supports collaboration in the most efficient and effective way possible.

For more information, visit the company’s website at www.Nowigence.com.

NOTE TO INVESTORS: The latest news and updates relating to Nowigence are available in the company’s newsroom at https://ibn.fm/NOW

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