The market will pick up on the significance of this...

The market will pick up on the significance of this eventually...
"LiveTiles Limited (ASX:LVT) (‘LiveTiles’ or ‘the Company’), a global software company providing digital workplace software to the commercial, government and education markets, is pleased to announce the launch of two artificial intelligence (AI) products, LiveTiles Bots and LiveTiles Intelligence. LiveTiles Bots In line with LiveTiles’ product philosophy, LiveTiles Bots enables anyone in the workplace to build their own chatbot (or virtual assistant) without any programming skills. Using LiveTiles’ simple and visual design process, users can easily define the range of tasks, functionality and personality of their chatbot. Capable of performing administrative tasks and freeing up employees to focus on highervalue activities, chatbots are computer programs designed to simulate conversations with human users and respond using artificial intelligence. Increasingly, they are becoming part of an enterprise’s IT environment as businesses look to technological solutions to remove menial tasks from employees. LiveTiles Bots’ unique ability to enable anyone to build chatbots to suit their specific needs replaces the significant investment in time and money required for a bespoke IT development solution or the purchase of ‘one size fits all’ off the shelf products. An enterprise using LiveTiles Bots could have hundreds of chatbots designed to meet individual employee or team needs. LiveTiles Bots will interface with an enterprises’ existing systems, software and LiveTiles’ digital LiveTiles Limited | ACN 066 139 991 | Registered Office: Level 29, 201 Elizabeth Street, Sydney NSW 2000 T: +61 2 8072 1400 | www.livetiles.nyc experience platforms. This means the chatbots developed will be able to perform a wide range of tasks, such as finding people and content, scheduling meetings, logging IT support tickets, reporting an employee’s annual leave balance, running and distributing sales reports, and completing expense reports. The use of chatbots in the workplace is growing rapidly. According to Forrester, investments in AI technology are projected to grow by 300% in 2017, and overall enterprise AI adoption is expected to more than double by 2018. LiveTiles anticipates the launch of LiveTiles Bots will contribute to the Company’s strong customer and revenue growth in FY18. LiveTiles Intelligence LiveTiles Intelligence is designed to provide in-depth web analytics on digital workplaces designed with LiveTiles’ digital experience platform (DXP) product suite. LiveTiles Intelligence will work with all LiveTiles products to provide analytical feedback via a visual heat map, providing insights into the level of user interaction and engagement with all page components. Using these insights, a page’s content and layout can be modified to promote an increased level of engagement with the most important components of a page. Further features under development will see LiveTiles Intelligence deliver recommended design changes based on common web design principles (such as colour, position, spacing, layout etc) to increase user engagement and promote a more positive user experience. The platform will then support testing of the changes to determine if they improve usage. Excitingly, over time LiveTiles Intelligence will learn what drives higher levels of interaction on a digital workplace page, and will be able to incorporate these learnings to fully automate the redesign of a page. The LiveTiles Intelligence offering will be highly complementary to the Company’s existing products, and will further empower users to build and improve on their own digital experiences. LiveTiles Intelligence has been developed in response to customer demand and therefore provides the opportunity to upsell LiveTiles Intelligence to existing customers, as well as attract new customers. Karl Redenbach, LiveTiles co-founder and Chief Executive Officer said: "The launch of LiveTiles Bots and LiveTiles Intelligence marks an exciting phase for our Company. We’re thrilled to be bringing Artificial Intelligence to our customers under the same philosophy that has shaped the design of all of our products, which is to make it easy for businesses to drive their own digital experiences. “Already, both LiveTiles Bots and LiveTiles Intelligence have been met with strong interest and demand from existing and prospective customers, including several large enterprises in the financial services, retail and aviation industries. Management expects the launch of these products will contribute to our strong revenue growth in FY18.”