CognoVision Solutions Inc., a Markham-Ont.-based developer of real-time audience measurement solutions for the retail and out-of-home advertising industries, has been named as one of the CIX Top 20 Innovative Companies of 2009.
CognoVision solutions measure and maximize the impact of digital signage. Its system has been optimized for use in digital signage networks.
CognoVision’s system measures the number of impressions; monitors the number of browsers; understands engagement levels; measures dwell times; and optimizes signage locations. It also can give demographics in terms of age and gender.
The CX Top 20 are selected by the Canadian Innovation Exchange, a gathering of Canada’s key players in the innovation economy. CIX conducts an exhaustive search for the most innovative ideas, products, services and companies in the country.
CognoVision Solutions Inc. was selected for its innovative work on the Anonymous Impression Metric platform which encompasses leading face detection and people tracking technologies to provide powerful business intelligence metrics for digital signage networks and retailers. Its face-detection and people-tracking video analytics technology measures the effectiveness of media displays, including digital screens, posters, kiosks, window displays, and product displays. Its solutions allow digital signage networks to measure and maximize their ROI, and for retailers to improve their bottom line by increasing revenues and optimizing costs.
“We are humbled and honoured by being named to the CIX Top 20,” says Haroon Mirza, director of business development at CognoVision.“It is great to be recognized for our efforts to push the envelope in bringing greater accountability and metrics to the digital signage and retail industries through the use of innovative technologies. Our innovation has allowed us to offer state-of-the-art solutions that are cost-effective and have a focus on providing actionable business intelligence to our clients.”
CIX provides a showcase for Canada’s most compelling new technology inventions and a platform for partnerships and transactional relationships with investors from around the world.
Among others named to the CIX top 20 are four companies dealing in one way or another with the mobile sector:
- EnStream LP, Toronto, is developing Zoompass, a transformational mobile payment solutions for wireless operators;
- Metranome, Waterloo, Ont., is developing revolutionary technologies, applications, and services for the mobile video market;
- Morega System Inc., Mississauga, is a software and consumer product company with advanced media mobility solutions for the digital home.
- YOU i Labs Inc., Ottawa, focuss on developing next-generation technology that enables smart phone and personal electronics manufacturers to differentiate themselves.
Other winners cover a wide range of sectors.