Impactive AI launches AI solution for commodity price prediction

Impactive AI, led by CEO Jeong Du-hee, has officially launched 'Deepflow Materials,' an artificial intelligence solution aimed at predicting commodity prices and analyzing market trends. The company announced the release on the 11th, highlighting the integration of new market analysis and technical tools within the platform.

The core objective of 'Deepflow Materials' is to assist purchasing managers in making swift decisions and enhance their responsiveness to global market dynamics. The newly incorporated market analysis function consolidates market conditions and catch-up information into a single platform. This integration is expected to reduce the information-gathering burden on purchasing managers and significantly accelerate internal decision-making and reporting processes.

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The company expects that the newly introduced market analysis function will reduce the information gathering fatigue of purchasing managers and dramatically shorten the speed of internal decision-making and reporting processes.

A key innovation in 'Deepflow Materials' is its ability to quantify the impact of price fluctuations, moving beyond the limitations of conventional news analysis. The AI continuously monitors global news 24 hours a day, providing essential insights based on the previous day's closing prices each morning.

This advanced solution is designed to provide purchasing managers with the necessary tools to navigate the complexities of commodity markets more effectively. By offering real-time monitoring and data-driven insights, Impactive AI aims to empower businesses to better anticipate price movements and manage their procurement strategies.

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In particular, technology that quantifies the impact of price fluctuations, which is difficult to grasp with text data alone, beyond the limitations of general news analysis, has been applied.