Well both, turnover as in 30% increase in customers buying clients products which in turn increases revenue.
Can't remember off the top of my head, we were given an independent research report at the investor seminar by fifth quadrant which highlighted both negatives and positives of Flamingo so I don't think it was selective or bias data. I think exact figures was specified in there unfortunately its at home, and I'm at work lol.
Simply from trials with Nationwide, Rosie (the AI) managed to solve the same solutions over the phone in 66% less time. 30mins to under 10mins.
Once again there is no way to know every nook and cranny, its the spec end of the market so we take what we are given and work with that.
I think you misunderstood my quote.
The client has a abandon(Drop-off) rate of 95% between quotation to payment. That being, 95/100 customers for the client will end their journey at quotation and wont make it onto payment page. Hence they are asking for Flamingos service to improve this number.
" The research was commissioned by Flamingo, conducted by Fifth Quadrant and sponsored by SugarCRM."
Conducted by Fifth Quadrant independently as I mentioned. No fudging of numbers just raw data.
Prospectus.
And word from directors.
But its kind of hypocritical for you to say only ASX ann's are trustable info, BRN has been running on the failed word of management for over a year now the whole "oh yeah we are talking with F500 discussing near term revenue", "yeah we have clients waiting for us" etc etc.
They did not abandon though......
But you make a good point cost of abandon is large hence Nationwide already putting $700k in will likely also take up master services too.
Have a look at your exhibits, I think a 12year could code that....It simply takes the length of a random incoming message, extracts a random word from the incoming message and places it as the first word (topic word) and then pulls a random sentence from its database to reply.
ie.
You: How was your
day?
Bot:
Day was good
You:
What did you do?
Bot:
What I pleased
Pointless, your comparing an ant to an elephant here.
$51Mil actually
$700k revenue from F#69.
Most paid trials going for about $100k.
Now lets predict revenue....
They have 12 superfunds asking for their service in last two months ...each going for $100k = $1.2m
10 sales pipeline with F250's. Say high end clients like Nationwide pay $700k and F250's pay half of that $350k.
Lets say they land half the sales pipelines established. Another $1.5m revenue.
This is excluding their large malaysian bank, greater bank who hinted they are a client, direct money who are a paying client (another $100k there), Nationwide master services (to be launched Feb 2017 likely cost them $1m since trial was $700k), Large healthcare east coast of America talks (lets assume no revenue here for pessimism sake).
You get about predicted revenue of $4.8m...
So yes there is "predictable" revenue. Not a concern for me though, its the deals that will push the price.
Question is why would Flamingo need to integrate with them. Its between the client and customer. Not between the client and there network engineers.
But yes it can be integrated into the companies current call system and ecommerce system, the bot actually acts to make decisions and can make transactions for the customer through the e-commerce system...hence one of the reasons its considered AI and not a Chatbot. It simply doesnt answer but acts to solve issues for the customer (make quote comparisons, make payments, give quotations, forwards to payment page etc.) I just dont see the point of integrating it with AWS lambda.
Yes it is both Catriona and Joe confirmed this to me at the boardroom meeting.
Yes it is. Once again Joe Waller (look him up) assured security should be least of our concerns. Hes using the same security he used to scale betfair to the behemoth it is.
He told us during world cup final how Betfair was under 1000's of DDOS attacks and not one got close to penetrating.
Once again they are going unnecessarily heavy on security early so it can be scaled up without security problems in the future when dealing with more and more clients.
Yes it is PCI compliance. Its the standard issue for most Fortune500 including VISA, AMEX etc etc all future clients Flamingo could be dealing with from their Liaison with Clarion as they are feeding clients to Flamingo.
Flamingo is tested with the same compliance with no issue to date
Yes there is also API integration which is why Flamingo can be implemented with speed and ease. It can access the features and current API and use the current database of information the client is using. Rosie can also adapt within the current coding language library and use it herself to learn.
Yes it is cloud and not turnkey. A turnkey would mean a design and construct software holistically sold to the customer. Hence the definition "turnkey" so the end user "turns the key" and the application runs. Rosie is business specific where Flamingo builds it to solver business specific needs. There is no templating and this is confirmed in the prospectus
But what's weirder is you asking all these question but then when answered you deny them so confidently...almost feels like you had a predetermined answer to all your questions but decided to ask to stir doubt? Just my 2cents anyways.
you forgot asia too.
I'm sorry we haven't dominated the entire world in our first month...but I'm happy with U.S AU and Asia, cant complain.
Once again it does have API. So no luck needed
Btw you're taking IP as Internet Protocol.
Im saying IP is International Patent. As we were discussing proprietary code. Which is covered under API too.
Once again I'm not here to try convince you to buy. No point in using my time doing that but if you are worried about things like if its cloud or turnkey then no need to invest we can let the price do the talking over the Short Term instead of me running my mouth haha
(20min delay)