IDGlobal Corp. (OTC:IDGC) Stock Corrects From Recent High: Here is Why
One of the companies that may be worth looking into this morning is IDGlobal Corp. (OTC:IDGC) in light of the developments from yesterday. The company’s subsidiary unit, QHP Corporation, came into focus on January 10 after it announced that it had been successful in developing an artificial intelligence platform meant for the energy industry. QHP revealed that the platform had been developed for the purpose of boosting efficiency and maximizing ROI (return on investment) in the worldwide energy market.
It was revealed in the news release that the artificial intelligence power business optimization platform from QHP Corporation deployed sophisticated algorithms and automation technologies for resolution of operation challenges, supported data-driven decision-making, and helped with the automation of regular tasks. The platform would also be equipped with a thorough cost evaluation process, which would help in figuring out specific areas that require improvement. Accordingly, the company would be able to make resource allocation more optimized.
The news release went on to reveal that QHP Corporation had also entered into partnerships with global brokerages in the energy space so as to provide a customized solution. Additionally, it would provide strong support to affiliates, energy brokers, and sales forces. The joint ventures that QHP would get into would be geared towards providing entry into new markets, cost-effective pricing, and the immediate capability of selling the proprietary algorithm platform from QHP Corporation as well as other energy efficiency hardware through NVIDIA Corp., the company’s manufacturing partner.
The Chief Executive Officer of the parent company, IDGlobal Corp., spoke about the latest developments as well. He noted that everyone at the company was excited about the possibilities of the artificial intelligence-powered platform in the energy sector. He went on to note that, due to the advanced technology in the platform, it would be possible to help businesses make their operations more efficient.