Artificial Intelligence | News | Insights | AiThority
Bitcoin
$11,765.09
+66.37
(+0.57%)
Ethereum
$438.32
+19.23
(+4.59%)
Ripple
$0.30
+0.01
(+4.45%)
Litecoin
$56.84
+0.4
(+0.71%)
EOS
$3.24
+0.11
(+3.62%)
Cardano
$0.14
0
(+0.51%)
Stellar
$0.10
0
(+2.66%)
NEO
$14.95
+0.47
(+3.25%)
NEM
$0.06
0
(+1.35%)
DigitalCash
$92.02
+1.27
(+1.4%)
Tether
$1.00
0
(0%)
Binance Coin
$22.93
+1.28
(+5.91%)
QTUM
$3.05
+0.23
(+8.23%)
Verge
$0.01
-0
(-1.61%)
Ontology
$0.83
+0.03
(+4.21%)
ZCash
$85.10
+2.24
(+2.7%)
Steem
$0.23
0
(+0.42%)

Nodin Acquires Data Analytics Company, Will Expand Platform to Deliver Weather-Related Business Insights

0 4

Nodin Acquires HeadsUp Whose Proprietary Platform Delivers AI-Driven Insights Not Available Through Other Analytics Solutions

Nodin has completed an acquisition that enables the company to expand its AI-driven augmented analytics platform with business insights about weather-related factors that have impacts on numerous industries. This acquisition of Denver-based HeadsUp brings Nodin a proven analytics solution, technical expertise, and vertical industry relationships that HeadsUp developed through real-world testing of its solution.

“Weather plays an enormous role in the profitability of companies in industries ranging from retail to hospitality to construction. Understanding that relationship – and accurately predicting how that will impact customer behavior – allows companies to make more informed decisions about staffing, supply chain management, pricing, revenue opportunities and more,” said Jeff Allen, CEO of Nodin. “Weather-driven insights are one of the most fascinating and impactful ways that AI-driven analytics can help companies run their businesses, doing far more than is possible with weather apps, weather APIs and previous tools.”

Read More: Aptiv/Audi Receives Innovation Partnership Award for Automated Driving Satellite Compute Platform

Weather-related insights are big business. The American Meteorological Society estimates that weather causes a $600 billion dollar variance in the U.S. economy each year, and HeadsUp’s research underscores that with findings that up to 86% of a retail store’s revenue can fluctuate on a daily basis due to weather factors.

This acquisition also expands Nodin’s leadership team by bringing HeadsUp Founder and CEO Rob Seigel on board as Vice President of Engineering. “Rob earned a PhD in Atmospheric Physics prior to founding HeadsUp, and he has a strong vision for the role augmented data analytics can have in making companies more agile and profitable,” said Allen.

Read More: Drones Officially Allowed to Deliver a Variety of Items in Australia’s Canberra

“I am excited to bring the power of the HeadsUp solution to the Nodin platform,” said Siegel. “Together, we have a comprehensive offering to help companies truly understand the root cause of why their business changes.”

Nodin recently completed a $5 million round of initial funding and is in the final stages of preparing for the general availability of its AI-driven augmented analytics platform. The Nodin platform delivers a set of capabilities that have never been available to executives and business analysts – providing clear, automated business insights about what is happening in a business, why it is happening, and what to do next. Financial terms of the HeadsUp acquisition are not being disclosed.

Read More: World’s Largest Business Organization Partners with Perlin for Blockchain Adoption Across Its 45 Million Members

Leave A Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.