Three Artificial Intelligence Vendors That CIOs Need to Watch Out For

There is a veritable data explosion. This has led to the mushrooming of new technologies such as Artificial Intelligence (AI), which is gaining great traction. With rapid increase in number crunching and data-gathering capabilities of computers, AI applications and tools can only expand in the future. Internationally, AI-driven systems are paving the way for a more collaborative, explorative and focused understanding as well as leveraging of business data.

Cognitive Code: Leading the Way in Conversational Experiences

Termed as a ‘Gartner Cool Vendor in AI for Conversational Platforms, 2017’, the SILVIA Artificial Intelligence Suite by the company is considered to be one of the most advanced, portable and flexible systems in the world for creating immersive conversational experiences. Designed from scratch and together with years of innovative approach has led to a natural language solution which is unlike any other. SILVIA is lightweight as well as easy to use. It can also operate in spaces, where other systems may not function.

‘The SILVIA platform was designed to be far more than a personal assistant. SILVIA doesn’t just converse, she holds a conversation. She can inform, instruct and learn in a very natural way. And the elegant architecture of the platform puts her capabilities directly in the hands of content developers,’ says Chief Product Officer, Alex Mayberry.

Adds CEO and Founder Leslie Spring: “With our tools and technologies, developers and content creators can now rapidly build compelling conversational experiences for just about any application, from small indie games to large-scale enterprise business solutions and anything in between.  SILVIA has minimal processing and memory requirements, operates across a variety of devices and operating systems, and does not require an internet connection. This means that SILVIA interactions are not only a great experience for users, but are also private and secure.”

Cognitive Code plans to release its Conversational Artificial Intelligence Platform for worldwide use.

Brighterion: Exploring New Frontiers in Fraud Management

The innovation-based organization offers one of the world's deepest as well as broadest portfolios for Artificial Intelligence and Machine Learning tools to provide real-time intelligence from data sources no matter what the type, volume or complexity. This is particularly applicable for identity and fraud management.

"Brighterion has deep academic roots; this technology applies to 10 different AI and machine learning technologies. Notable is the use of its Smart-Agents technology, which continually adjusts understanding of behavior patterns of specific profiles of entities without need for rules or model updates. Combined with Smart-Agents, the approach offers continually evolving models with significantly lower operational and modeling costs. It has demonstrated dramatically lower false-positive rates and detection rates in head-to-head comparisons with legacy financial crime scoring models,” says a Gartner report about the technology.

In fact, the company’s focus on behavioral analysis provides for cross-channel behavior anomaly prediction and detection. The AI solution also identifies low-risk behavior as well as improves the overall model performance. Brighterion's AI as well as Machine Learning-based tools have been applied in cyber/homeland security, real-time cross-channel fraud prevention, onboarding and risk monitoring, biotech, data breach detection and financial markets. Artificial Intelligence Innovations in Language Processing

Founded in 2011, is an innovator in Natural Language Understanding (NLU) and offers solutions which are based on the theory of Semantic Folding, which opens a radically new perspective on the handling of big text data. The innovative organization’s software Retina Engine converts language into semantic fingerprints, numerical representations that capture meaning explicitly and carries out computational operations on that meaning. The uniqueness of its algorithm enables one to solve open NLU challenges, such as meaning filtering of terabytes of unstructured text data, real time topic detection in social media as well as semantic searches through millions of documents across languages.

“Since our foundation in 2011, we have been following a neuroscience-rooted approach to the processing of big text data that profoundly differs from mainstream methods. It highlights the disruptive potential of our technology in a market puzzled as to how huge volumes of unstructured text data can be efficiently processed. The uniqueness of our model is confirmed by customers from areas as diverse as financial services, information technology and the automotive industry,” says Francisco Webber, co-founder and General Manager of

Artificial Intelligence: Technology for the future

Research and analytics firm Markets and Markets’ report “Artificial Intelligence Market by Technology” predicts that the AI market will cross USD 16.06 billion by 2022, growing at a healthy CAGR of 62.9% from 2016 to 2022. Additionally, and surprisingly, most of the cutting-edge AI technology is not only related to robots but also to contemporary technologies to power business processes and operations and resolve industry disputes.

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Muqbil Ahmar

Muqbil Ahmar is Executive Editor at Grey Head Media, spearheading the digital presence of the websites and ...

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