After a leading provider of digital advertising solutions recently announced plans to launch its artificial intelligence (AI) venture for creating a better SWARM approach to advertising, CloudCommerce, Inc. (CLWD) stock price soared to 100% from its previous close to reach $0.0469.
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What they said…
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Andrew Van Noy, CEO of Cloud Commerce, said that computers can now do what human beings cannot. Using state-of-the-art tools such as artificial intelligence, we are using SWARM to eliminate inefficiencies that could potentially save advertisers as much as 50%.
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Mr. Van Noy continued, I am reminded of John Wanamaker (1838-1922), who established one of the first department stores in the United States, which grew to 16 stores, eventually becoming part of Macy’s. He is credited with having coined the famous phrase: “Half of our advertising budget is lost. However, we don’t know which half.”
Mr. Van Noy continued, “We believe that the best way to achieve success is to form an independent venture focused on this goal. Within the framework of our digital team, we’ll employ the best tools and people. We believe that we can win by combining artificial intelligence with digital advertising.”
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Summary
Using advanced data science, behavioral science, artificial intelligence, and market research, CloudCommerce, Inc. (CLWD)can discover, develop, and create highly targeted audiences for digital marketing campaigns. This latest announcement by the Company has influenced investors’ sentiment as they pushed its shares price upward, and this trend seems to sustain its pace for the near future at the very least.