UNITED KINGDOM – March 27, 2023 – Wisdom Works, a cutting-edge AI technology company, today announced its plans to spin out a new business focused on the development of the revolutionary Business Factory platform, a unique solution aimed at automating the creation and operation of new businesses across various industries. To support this ambitious new venture, the company is seeking seed investment of £1M for a 20% stake in the spin-out business.
The innovative Business Factory platform will leverage state-of-the-art technologies including conversational AI, predictive machine learning, data analytics, automation, process workflow management and API integrations to streamline the process of starting and running a business. By reducing human effort in the creation and operation phases, entrepreneurs can focus on strategy and growth, while Business Factory manages the day-to-day tasks. This will not only be useful for entrepreneurs looking to launch new businesses, but for company leaders looking to automate and streamline existing operations or functions.
By 2025, the Business Factory platform aims to serve over 10,000 businesses, generating an estimated annual revenue of £50 million, with a projected profit margin of 40%. This would create a world-leading company in AI-powered business process automation for the creation and operation of autonomous businesses.
Key features of the Business Factory platform include:
Comprehensive Business Creation Assistance: Guiding users through the business creation process using AI-powered algorithms to identify opportunities, develop strategies, and establish an operational blueprint tailored to each unique venture.
End-to-End Automation: Streamlining operational aspects of businesses, from supply chain management to financial tracking and analytics, ensuring seamless performance and enabling business owners to focus on strategic decisions.
AI-Powered Monitoring and Management: Utilizing predictive machine learning to identify trends, opportunities, and risks, allowing businesses to adapt and evolve in real-time.
Adaptive Sales & Marketing: Using competitor and trend analysis the system would allow you to scale the sales and marketing activities automatically to enable the growth of the business and maximise your earning potential.
Seamless API Integrations: Connecting businesses with a wide range of technology products and services, enabling scalability and adaptability to industry-specific needs.
David Irvine, CEO of Wisdom Works, expressed excitement about the potential of the Business Factory platform: “Spinning out Business Factory as a separate entity allows us to focus our resources and expertise on a product that has the potential to redefine the entrepreneurial landscape. We believe that by offering a comprehensive, AI-driven solution, we’re empowering entrepreneurs to focus on growth and innovation, while our platform handles the minutiae of daily operations.”
Professor Andy Pardoe, CTO of Wisdom Works, added, “With the recent advances in conversational AI, we now have all the elements needed to create this fully automated business factory platform. By spinning out the platform into its own business, we can attract the investment necessary to bring this ground-breaking solution to market, ultimately benefiting entrepreneurs worldwide.”
Investors interested in participating in this unique opportunity are encouraged to contact Professor Andy Pardoe for more information.
About Wisdom Works
Wisdom Works is a leading AI innovation and technology company, recently listed in the Top 50 of Thought Leading Companies on AI. By combining advanced technologies with a deep understanding of the challenges facing modern businesses, Wisdom Works is poised to redefine the entrepreneurial landscape for years to come. For more information, visit wisdomworks.ai.