Xigem Technologies (CSE:XIGM, OTCQB:XIGMF) Corporation has revealed that its wholly-owned subsidiary, Cylix Data Corporation, is launching the next generation of its Cylix Data business risk profiling platform which includes a robust technology architecture, complete with an intuitive new user interface, to create a new sustainably differentiated, best-in-class business intelligence platform.
The Toronto-based technology company noted that the new Cylix Data release will be fully cloud-based and incorporates state-of-the-art artificial intelligence capabilities to offer a more intuitive and responsive user experience.
Where the industry standard is currently based on manual processes to deliver intelligence to consumers, Xigem said Cylix's results will come entirely by way of automation, allowing customers to customize queries, obtain streamlined web-based and PDF reports and seamlessly complete more searches, more rapidly.
READ: Xigem Technologies closes on acquisition of Cylix Data
"The launch of Cylix's next-generation platform is the first of a series of important enhancements we plan to unveil in the coming months,” Cyclix president Ezio D’Onofrio said in a statement.
“We are very excited about introducing the new features and functionality to both existing and new customers. Applying updated capabilities to our existing data engine leads to an unmatched business intelligence product that will enable significantly improved decisions,” he added.
Xigem said Cylix Data offers a one-stop-shop for business risk assessment. The software sorts through a multitude of data points to provide the most comprehensive information available in the market, in a format most relevant to each user. Customers can use the results to make better business decisions, in turn mitigating risk relating to their suppliers, customers and partners.
The company said typical applications of Cylix's data have included assessing the financial viability of new business partners, completing due diligence, obtaining risk assessment information, avoiding supply chain disruptions and preventing fraud. Its near-term product roadmap includes enhancements designed to improve outcomes for each of these uses.
As previously disclosed, Xigem said Cylix Data Corporation is in the final stages of a nearly $1 million upgrade to its technology platform.
Xigem powers technology for the near trillion-dollar remote economy that businesses around the globe are embracing in a post-coronavirus pandemic economy. Its Software-as-a-Service (SaaS) technology platform, iAgent, provides organizations, businesses and consumers with the tools necessary to support remote working and learning.
Xigem's software improves the capacity, productivity, and overall remote operations for businesses, consumers and other organizations.
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