Quorum receives research funding for Machine Learning project

CALGARY, Alberta, July 06, 2021 (GLOBE NEWSWIRE) -- Quorum Information Technologies Inc. (TSX Venture: QIS) (Quorum) announced today that it is receiving advisory services and funding of up to $724,746 from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) to support a research and development project to consolidate Quorum's dealership data and add machine learning capabilities to its Cloud-based applications. The NRC IRAP support is the next step in a process started in 2020 when Quorum launched QAnalytics – an enterprise reporting tool for the Quorum suite of products powered by Microsoft Power BI. QAnalytics is now utilized by 30% of Quorum's XSellerator Dealership Management System (DMS) customers. "QAnalytics has changed how we manage our 11 franchised dealerships in our auto group," stated Tim Davis, CEO of Davis Auto Group. "The real time metrics that QAnalytics provides for all aspects of our dealership's operations allow our management team to make confident, data-driven decisions." Quorum's next step is to strategically consolidate dealership data from its 1,025 customers on Microsoft Azure Synapse, enabling QAnalytics to deliver enhanced critical Business Intelligence insights into dealership operations and provide a consolidated dataset for Machine Learning projects.