Inpixon and SAS Collaborate to Deliver Advanced Analytics for Internet of Things (IoT)
January 16 2019 - 8:30AM
Inpixon (NASDAQ: INPX), a leading indoor positioning and data
analytics company, today announced a technology integration
collaboration with SAS, a leader in advanced analytics software
(“SAS”). The underlying agreement enables SAS to integrate Inpixon
Indoor Positioning Analytics (“IPA”) and metrics into the SAS
dashboard and analytics. Inpixon also joins the SAS IoT Eco-system
Program, and the companies plan to undertake joint marketing and
promotional activities.
The SAS and Inpixon collaboration will enable indoor positioning
data to be combined with myriad additional data sources such as a
company's sales history, point-of-sale data, customer loyalty
information, along with external sources such as weather and
economic data. Once integrated, SAS with Inpixon IPA is expected to
be able to deliver omnichannel analytics to help businesses gain
predictive insights about customer journey, staffing, inventory and
marketing campaign effectiveness. While useful across various
industries, the solution is anticipated to be particularly
compelling for retailers, shopping malls, banks, airports, mass
transit, hospitals, schools and public buildings such as
government, museums and libraries.
The Inpixon IPA Platform uses radio frequency sensors to
anonymously identify all accessible cellular, Wi-Fi and Bluetooth
signals being emitted from cell phones and other devices and
processes the information using an extraordinarily-fast data mining
engine to enable new information insights and actionable
intelligence, such as visitor counts and customer behavior
patterns.
SAS analytics helps organizations to access, manage, analyze and
report on data to power effective decision-making. With 2017
revenues of $3.2 billion and customers in 146 countries, the
company has been recognized as a Gartner Magic Quadrant leader in
several analytics platforms categories.
SAS chose Inpixon in part because their sensor technology and
advanced algorithms can result in more wireless devices being
detected, with greater accuracy and richer, more in-depth
information. For instance, the ability to study customer
movement from one area of the floor to another ("zone analysis") is
a key Inpixon feature not offered by many indoor positioning system
vendors.
"We’ve always known that our software is only as good as the
data that our customers use to fuel analytics," said Dan Mitchell,
Director, SAS Global Retail & CPG Practice. "That is why we put
a premium on aligning with quality collaborators like Inpixon. We
look forward to offering predictive analytics that incorporate
indoor positioning data to solve tough, fast-moving business
problems."
"IoT devices generate so much data -- exabytes a day," said
Nadir Ali, CEO of Inpixon. "At Inpixon, we believe the keys to
success are to acquire as many data sources as possible, to fuse
those sources, and to apply advanced analytics including AI. When
done right, the insights gleaned and the decision-making you can do
are game changing. We believe the market's appetite for this kind
of data combination will be insatiable."
About InpixonInpixon (Nasdaq: INPX) is a leader in Indoor
Positioning Analytics (IPA). Inpixon IPA Sensors are designed to
find all accessible cellular, Wi-Fi, and Bluetooth devices
anonymously. Paired with a high-performance data analytics
platform, this technology delivers visibility, security, and
business intelligence on any commercial or government location
worldwide. Inpixon’s products and professional services group help
customers take advantage of mobile, big data, analytics, and the
Internet of Things (IoT) to uncover the untold stories of the
indoors. For the latest insight on IPA, follow Inpixon on LinkedIn,
@InpixonHQ on Twitter, and visit inpixon.com.
Safe Harbor StatementAll statements in this release that are not
based on historical fact are “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of 1995
and the provisions of Section 27A of the Act, and Section 21E of
the Securities Exchange Act of 1934, as amended. While management
has based any forward-looking statements included in this release
on its current expectations, the information on which such
expectations were based may change. These forward-looking
statements rely on a number of assumptions concerning future events
and are subject to a number of risks, uncertainties and other
factors, many of which are outside of the control of Inpixon and
its subsidiaries, which could cause actual results to materially
differ from such statements. Such risks, uncertainties, and other
factors include, but are not limited to, the ability to integrate
Inpixon’s IPA and the SAS dashboard and analytics, the acceptance
and use by customers of the SAS dashboard and analytics with
Inpixon’s IPA, the fluctuation of global economic conditions, the
performance of management and employees, Inpixon’s ability to
obtain financing, competition, general economic conditions and
other factors that are detailed in Inpixon’s periodic and current
reports available for review at sec.gov. Furthermore, Inpixon
operates in a highly competitive and rapidly changing environment
where new and unanticipated risks may arise. Accordingly, investors
should not place any reliance on forward-looking statements as a
prediction of actual results. Inpixon disclaims any intention to,
and undertakes no obligation to, update or revise forward-looking
statements.
ContactInpixon Investor Relations:CORE IRScott Arnold, Managing
Director+1 516-222-2560www.coreir.com
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