NASDAQ: $AMST Amesite Announces Results On User Retention & Sales Boost
Amesite is an AI-driven software company focused on enhancing learning experiences. They provide affordable, accessible, and engaging solutions to educational institutions, businesses, and nonprofits. Their services include implementing new programs and improving existing ones using data-driven approaches. They prioritize user data to enhance learning outcomes and strive to provide cutting-edge technology and high-quality content to learning communities.
Category
đź—ž
NewsTranscript
00:00 Amisight, which is a leading artificial intelligence software company that offers a cloud-based
00:06 learning platform for business and education markets, announces an aggregate retention
00:11 numbers for users enrolled in programs delivered on its technology stack and its growing sales
00:16 activity.
00:17 Amisight reports an overall retention rate, which is a percentage of enrollees that remain
00:21 in the course, of 98% for paid learning experiences on its platform.
00:26 These results are overwhelmingly exceeding industry norms.
00:30 On average, online retention rates for paid online courses are only about 68-73%.
00:36 Amisight retentions in specific categories are as follows.
00:40 96% of retentions for technology upskilling programs such as data, science, or electric
00:46 vehicle technologies.
00:47 98% retention for professional development programs such as implicit bias or building
00:53 successful customer relationships.
00:55 97% retention for cohort-based programs such as logistics or coding for gaming.
01:01 98% retention for self-paced programs such as implicit biases or smart manufacturing.
01:08 Amisight has reported on its importance of using AI in education, including the use of
01:14 natural language processing, also known as NLP, and integration of generative AI models
01:20 to offer student support to drive improved educational outcomes.
01:24 Amisight also reports an increase in sales activities with its recent pivot to a no-setup
01:30 fee offer with no minimums.
01:32 Since Amisight's pivot from its high-cost sales to a repeatable motion with no setup
01:37 fee, the company has seen a 169% increase in meetings and a 118% increase in sales opportunities.
01:47 The recent key partnerships with Benedict College, Drake State Community and Technical
01:52 College, and West Virginia's Northern Community College reflects the acceptance of this offer.
01:57 Dr. Anne-Marie Sastry, the CEO of Amisight, commented, "We invested deeply in the tech
02:02 and we believe we are going to see the rewards of this now in terms of user outcomes and
02:07 reduced costs of our delivery for us and also for our customers.
02:11 Our AI-powered programs and infrastructure enables institutions to deliver learning with
02:16 lower costs and price points and we are working now to drive scale."
02:21 Amisight is an edtech SaaS company with the most advanced artificial intelligence-driven
02:26 online learning platform in the industry, providing both content creation and a best-in-class
02:32 infrastructure for the multi-billion dollar online learning market in business and education.
02:38 For more information, visit Amisight.com.
02:41 [MUSIC PLAYING]