on Artmarket.com (EPA:PRC)
Artmarket.com Introduces AI-Driven Services and Subscriptions for 2024
Artmarket.com has announced its new AI-based subscription service, Intuitive Artmarket®, priced at €990/year, going live in 2024/2025. These offerings will incorporate advanced AI capabilities into Artmarket's existing database services, a significant tech leap facilitated by the company's long-standing expertise in art market information.
As AI continues to reshape various sectors, Artprice by Artmarket has integrated the Intuitive Artmarket® AI into their systems, enhancing their services to include more dynamic advertising solutions streamlined through UX and UI Design. This move is part of a broader strategy to harness the high computational data handling of their employees, which markedly outperforms the European average, as confirmed by an IT audit from Mazars.
The introduction of Intuitive Artmarket® is expected to provide a tenfold increase in search efficiency and results accuracy in the art market, catapulting the firm ahead with sophisticated subscriptions and added functionalities tailored to its user base of over 9.3 million clients and members. Additionally, Artprice by Artmarket plans to broaden these AI services across various platforms, influencing both the primary and secondary art market values significantly.
As AI becomes more entrenched in daily business operations and data analytics, Artprice by Artmarket's pioneering efforts not only emphasize their technological edge but also forecast an imminent upsurge in annual recurring revenues, dictated by innovative and user-centric service offerings.
In closing, the proactive adaptability of Artmarket.com in integrating AI reflects a strategic foresight that aligns with modern technological advances, potentially setting a new standard in the art market industry.
R. H.
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