Inpixon Announces ChatGPT Integration Bringing AI-Powered Insights and Conversational Query to Real-Time Location System (RTLS)
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."
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.
Crescendo Communications for Inpixon
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Released June 20, 2023