Developing the Next Generation of AI Applications Artificial intelligence has commonly been named as the next Industrial Revolution as AI is able to increase work efficiency exponentially. The fact that it can make thousands of decisions for optimization in less than a second is why many companies have begun to invest and innovate in the space.
In particular, $VERS.NE has created an operating system in which they can easily create AI-enabled applications. One of these applications is Wayfinder, a 3D spatial warehouse picking tool that allows clients to directly map out optimal routes to specific items. And current pilots have already shown a 30%+ productivity rate increase with a 90%+ adoption rate. As companies compete within the logistics space, whoever is more efficient holds the competitive advantage meaning that the ROI for Wayfinder makes it an attractive investment for companies. This is why they already have multiple large pilot programs that are expected to turn into significant revenue-generating contracts in the near future.
More recently, $VERS.NE has developed the first-of-a-kind autonomous drone for crowd safety control in Spain. These drones provide real-time aerial views in order to monitor the safety of hundreds of thousands of visitors participating in the cultural procession that runs through the streets of Zaragoza during the festival of La Virgen del Pilar. Crowd monitoring is essential for safety. The recent tragic events in Korea show how dangerous large unmonitored crowds of people are. I can definitely see this technology being utilized across the world to enhance safety and save lives.
https://ca.finance.yahoo.com/news/verses-enables-autonomous-drone-crowd-120000241.html
With a $34M market cap, $VERS.NE is relatively undervalued, considering the recent capital raise and scalability of the AI systems.