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- The IT industry is at the forefront when it comes to becoming future-proof.
- Revolutionary technologies such as Artificial Intelligence and Machine Learning are changing the landscape of how businesses work.
- BRM, BTH and APX are some of the tech companies providing high-end technology solutions to businesses.
When it comes to future-proof businesses, one sector that immediately comes to the mind is the information technology sector. Technology has been powering almost every sector – be it algorithms for trading in financial markets, upgraded machinery in the manufacturing sector, or machine learning in the field of data science, etc.
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Other revolutionary technologies such as Artificial intelligence (AI) or virtual reality have also been gaining traction lately. The businesses that provide these technologies or incorporate them might prove to be more future-ready than the companies relying on conventional methods of operations. On that note, let us have a look at three ASX technology stocks that are becoming future ready.
BrainChip is a technology company that develops software and hardware accelerated AI solutions. The company uses neuromorphic computing, which helps to make ultra-low powered computing chips with the ability to learn on-chip, eliminating the need for a cloud service.
3 future-ready ASX tech stocks you should know about
The company has a market capitalisation of over AU$1 billion, with its share price last closing at AU$0.645 on 8 December 2021. BRN shares have delivered a YTD return of negative 7.72%.
Appen provides high-quality training data to organisations that develop AI systems at scale. The company also deploys machine learning products to its platform that combines human intelligence to delivxer training data of the highest quality.
The company has a market capitalisation of AU$1.17 billion. The APX share price last closed at AU$9.42 on 8 December 2021, delivering a year-to-date return of negative 63.07% and trading at a dividend yield of 1.04%.
Bigtincan is one of the fastest growing B2B SaaS (Software as a service) companies in the sales enablement industry. The company reported a net loss of AU$13.89 million in FY21, compared to AU$12.21 million net loss in FY20.
The company has a market capitalisation of AU$543.2 million. On 8 December 2021, the BTH share price closed at AU$1.07, delivering a flat return this year. The 52-week high and low range of the stock is AU$1.53 – AU$0.761.
The IT industry is at the forefront when it comes to becoming future-proof. Revolutionary technologies such as Artificial Intelligence (AI), Machine Learning (ML), Virtual Reality (VR), Internet of Things (IoT) etc. are changing the landscape of how businesses work.
The companies offering these technology solutions at scale are deemed to benefit from growing demand for these technologies. However, investors must do their own due diligence before investing in any stock and must adhere to risk management.
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