The Market's First Industrial RTLS Analytics
Solution with ChatGPT
PALO
ALTO, Calif., June 20,
2023 /PRNewswire/ -- Inpixon® (Nasdaq: INPX), a
leading provider of real-time location systems (RTLS), today
announced the integration of ChatGPT, a generative artificial
intelligence (AI), into Inpixon's RTLS solution. This innovative
integration expands the capabilities of Inpixon's RTLS, enabling
rapid, AI-assisted insights as well as interactive discussions in a
conversational medium. Operations managers in production and
logistics, in particular, stand to benefit from this transformative
development.
"We believe Inpixon is one of the first companies, if not the
first, to announce an industrial RTLS analytics integration with
OpenAI's ChatGPT," said Nadir Ali,
Inpixon's CEO. "In leveraging artificial intelligence and natural
language processing for RTLS analytics, we're continuing our
leadership in innovation for Industry 4.0 and in helping businesses
unlock the full potential of digital transformation."
The utilization of AI, particularly ChatGPT, offers numerous
benefits for Industry 4.0 applications in logistics and production.
Some of the key advantages include:
- Enhanced data insights: The AI can uncover patterns, trends,
and relationships within the data, and can present written insights
about data with context. Rather than just viewing graphical
representations or data tables, users can receive deeper insights
and better understand the interconnections within their data.
- Conversational user interface: The integration of ChatGPT
enables interactive, natural language discussions. Users can pose
questions, receive information and recommendations, and ask
follow-up questions in a back-and-forth manner similar to an
exchange between two humans. This provides for fast and effective
communication with the data analytics system.
By leveraging real-time location data and analyzing it in the
context of other operational data, businesses can identify
opportunities to streamline operations, reduce delays, optimize
material flows, and minimize waste. This can not only lead to cost
savings but also to improvements in overall operational efficiency,
customer satisfaction, and competitive advantage.
Ersan Guenes, Inpixon senior vice
president, IIoT solutions, noted, "By delivering conversational AI
in manufacturing and other industrial environments, Inpixon can
empower users to communicate with their data stores in a
natural language manner, using their own words. In addition to
uncovering unique insights from the collected location data, when
additional data sources are added, such as, ERP, WMS, MES,
economics, weather and more, the results can be tremendously
powerful. We look forward to field deployment of the new AI-powered
features in the third quarter of this year."
About Inpixon
Inpixon® (Nasdaq: INPX) is the innovator of Indoor
Intelligence®, delivering actionable insights for
people, places and things. Combining the power of mapping,
positioning and analytics, Inpixon helps to create smarter, safer,
and more secure environments. The company's Indoor Intelligence and
industrial real-time location system (RTLS) solutions are leveraged
by a multitude of industries to optimize operations, increase
productivity, and enhance safety. Inpixon customers can take
advantage of industry leading location awareness, analytics, sensor
fusion, IIoT and the IoT to create exceptional experiences and to
do good with indoor data. For the latest insights, follow Inpixon
on LinkedIn, and Twitter, and visit inpixon.com.
Safe Harbor Statement
All 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 Securities Act of 1933, as
amended, 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 fluctuation of economic conditions, the impact of COVID-19,
global conflicts, inflation and other global events on Inpixon's
results of operations and global supply chain constraints,
Inpixon's ability to integrate the products and business from
acquisitions into its existing business, the performance of
management and employees, the regulatory landscape as it relates to
privacy regulations and their applicability to Inpixon's
technology, Inpixon's ability to maintain compliance with Nasdaq's
continued listing requirements, the ability to obtain financing if
needed, 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.
Contacts
General inquiries:
Inpixon
Email: marketing@inpixon.com
Web: inpixon.com/contact-us
Investor relations:
Crescendo Communications for Inpixon
Tel: +1 212-671-1020
Email: INPX@crescendo-ir.com
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SOURCE Inpixon