It is difficult to place Sókn Engineering into a specific industry segment. We are a mathematics and software-based company that relies on our proprietary predictive algorithms to drive the software and comprehensive platform.
Over the past decade, predictive analytics has gone from an exotic technique practiced in just a few niches, to a competitive weapon with a rapidly expanding range of uses. The increasing adoption of predictive analytics is fueled by converging trends; the big data phenomenon, ever-improving tools for data analytics, and a steady stream of demonstrated successes in new applications.
According to GlobeNewsWire and Oxford University, the global algorithmic trading market is expected to grow from $11.1 billion in 2019 to $18.8 billion by 2024, a growth rate of nearly 70%. Sókn Engineering is at the forefront of this growth and poised to capture a significant portion of algorithmic based trading industry.
Sókn fills a void in the FinTech industry that no current acceptable solution exists – precise segment price movements and targets, not merely price trends.