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COINTURK FINANCE > Business > Datasharp Expands AI Capabilities by Acquiring Woosmap
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Datasharp Expands AI Capabilities by Acquiring Woosmap

Overview

  • Datasharp acquired Woosmap to enhance AI data intelligence capabilities.

  • Integration aims to merge geolocation with business insights for operational efficiency.

  • Acquisition signals importance of location data in enterprise AI developments.

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Datasharp’s recent acquisition of Woosmap enhances its data intelligence capabilities, offering improved tools for businesses to leverage in developing AI applications. The integration of Woosmap’s location intelligence into Datasharp’s framework promises to combine geolocation data with business insights, potentially transforming how companies harness data for operational efficiency. This move positions Datasharp to better serve an increasingly data-driven market.

Contents
What does the acquisition mean for Woosmap?How will Datasharp integrate Woosmap’s technology?

Previously, Woosmap was renowned for its achievements in managing vast volumes of location data through advanced technologies focusing on accuracy and privacy. The platform has maintained a 99.99% service level agreement, processing over 27 billion API queries. With such a performance record, Woosmap was already a staple for renowned brands across Europe, underscoring its reliability and versatility in real-world applications before becoming part of Datasharp’s portfolio.

What does the acquisition mean for Woosmap?

Post-acquisition, Woosmap integrates with Datasharp while maintaining its operational presence in Paris, Montpellier, and other major cities. CEO Jean Thomas Rouzin continues his leadership role, steering the company to align with Datasharp’s broader goals.

“For us, this partnership is a perfect match,”

says Rouzin, highlighting the growth potential from Datasharp’s global reach expanded via the U.S. market. This synergy aims to deliver enriched geolocation services to meet customer demands more effectively.

How will Datasharp integrate Woosmap’s technology?

Datasharp, under the leadership of Antoine Bruyns, envisions the integration of Woosmap’s geolocation capabilities as transformative for their operations. This dual framework seeks to develop comprehensive data applications combining business data with precise location intelligence.

“By bringing Woosmap into Datasharp, we combine the strongest business data backbone with world-class geolocation services,”

Bruyns comments, emphasizing how this strategic acquisition supports their ambition of creating a unified data platform.

Woosmap’s technology is poised to unlock potential in sectors needing meticulous data applications, including AI, logistics, and retail. The need for accurate location data is becoming ever more critical, particularly in enterprise AI where identity and geolocation data play crucial roles.

Leading up to this acquisition, Woosmap cultivated a strong client base with brands like Auchan, Carrefour, and Leroy Merlin leveraging their tools. Datasharp looks to maintain and expand on this foundation, introducing Woosmap’s tested expertise in geolocation to new markets worldwide.

Datasharp aims to alleviate a fragmented market by providing integrated technology solutions on a global scale. As businesses increasingly depend on technology for economic growth, effective data integration becomes a key pillar in their strategies. The partnership can enable enterprises to build AI solutions rooted in both identity and location intelligence.

Datasharp’s move to incorporate Woosmap illustrates the importance of location data in building sophisticated AI systems. By directing focus on data integration and distribution, they aim to provide more coherent and efficient solutions for both existing and new customers. Readers should note the potential impacts in the sphere of data intelligence, as this acquisition indicates a trend towards larger portfolios incorporating both broad and niche market solutions.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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