[Click eStock] "Wise ITEC, Continued Profitability with AI Differentiation... AI Platform Up 123%"

[Asia Economy Reporter Hyungsoo Park] On the 26th, KB Securities introduced WiseAitek as a top-tier domestic big data-based artificial intelligence (AI) solution company. It analyzed that sales related to AI and big data are steadily increasing amid the growth of the related market.

Researcher Sang-guk Lim of KB Securities explained, "WiseAitek supplies comprehensive software for big data utilization, ranging from big data quality management to analysis and AI prediction."

WiseAitek has developed ▲ the AI development platform 'WiseProfit' that enables AI projects without coding, and ▲ the big data analysis tool 'WiseIntelligence' for effective business decision-making. As of the cumulative third quarter last year, the sales proportion by business sector was 35% AI and 65% big data.

Researcher Lim emphasized, "Based on more than 30 AI models and big data analysis technologies, WiseAitek was the first to localize AI development platforms and big data analysis software," adding, "It holds top-level domestic AI development platform demonstration references, including the execution of various AI national projects worth 24 billion KRW."

He continued, "Users can expect various synergy effects such as prediction, energy efficiency, personalized learning, cost and budget reduction through AI and big data analysis," and said, "We anticipate benefits from the government's digital economy promotion, including AI fostering, software industry development, and digital infrastructure construction."

Additionally, he analyzed, "Customer companies are diversifying from finance and public sectors to industries such as manufacturing, education, distribution, and content," and "Performance is steadily improving due to the growth of AI platforms and the big data market."

Researcher Lim explained, "Sales of the AI development platform WiseProfit surged 123% year-on-year to 9.5 billion KRW, contributing to the overall sales increase," and emphasized, "It stands out as a profitable company among AI-related firms."

However, he added, "Cumulative operating profit until the third quarter was somewhat sluggish due to personnel expansion, increased R&D expenses, and increased advertising costs related to entering the metaverse business."

The AI development platform WiseProfit is a technology that, when users input the data they want to learn, selects the most suitable algorithm among various algorithms and visualizes the prediction results.