Deepspatial announces new sector, a government that generates revenue
Deepspatial provides geotargeted marketing intelligence to government clients through its GeoAI platform to promote its public distribution services
Deepspatial is entering a new industry with potential for expansion in government and enterprise
TORONTO, ON / ACCESSWIRE / October 5, 2022 / Deepspatial (CSE:DSAI)(OTCQB:DSAIF) (“Deepspatial” or the “Company”), an outcomes-driven artificial intelligence company that enables organizations to improve their decision-making capabilities by harnessing the power of data and AI, announced today announced that it has been awarded a revenue-generating contract in a lucrative new sector through its partner by the Meghalaya State Department of Food, Civil Supplies and Consumer Affairs.
Deepspatial’s GeoAI platform is used by the Department of Food, Civil Utilities and Consumer Affairs to revolutionize the way they reach citizens and educate about key public distribution services. Deepspatial’s platform will provide predictive and prescriptive insights at specific granular levels for the government department to conduct information and awareness-raising campaigns that will help educate and disseminate critical information to the citizens of Meghalaya State.
“Governments are finally beginning to recognize the power of geospatial AI for their endeavors, and it is extremely exciting that we are at the forefront of adoption. We are confident that our technology will prove necessary for the Department of Food, Civil Utilities and Consumer Affairs and look forward to working with other states to implement Deepspatial’s platform,” said Dr. Rahul Kushwah, Chief Executive Officer of Deepspatial.
“Contracts like this can be incredibly lucrative as they have the potential for large-scale expansion across multiple states in India. The market size for geotargeting marketing intelligence alone was estimated at US$10.7 billion in 2020 and is projected to grow to US$32 billion by 2025.1 The demand for GeoAI is growing rapidly – and our IP is growing…