Global News
RAVN Systems, experts in next-generation Artificial Intelligence, Graph Search and Knowledge Management technology, is pleased to announce they have been shortlisted for the “Best Enterprise Start-up 2016” category at the Techies Awards.
The Enterprise Start-up Award will be presented to the business that has developed an innovative piece of technology and achieved a noticeable impact within a UK organisation from companies that have launched in the last 10 years.
RAVN was shortlisted for this award for their revolutionary Artificial Intelligence robot, RAVN ACE, a cutting-edge Artificial Intelligence solution which reads, interprets and extracts specific information from documents. It converts unstructured data into structured output, in a fraction of the time it takes a human – and with a higher degree of accuracy.
This technology has already proved successful as international law firm Berwin Leighton Paisner (BLP), has won the award for Best Use of Technology at the British Legal Awards 2015 for its use of a RAVN ACE robot within one of its legal practices.
BLP’s contract robot uses ACE core functionality to extract data from standard legal documents, cross-check the data internally, check it against external sources, and write the output into a structured form, making it ready for the next stage of the process.
Matthew Whalley, Head of Legal Risk Consultancy at BLP commented, “The robot has fast become a key member of the team. It delivers perfect results every time we use it. Team morale and productivity has benefited hugely, and I expect us to create a cadre of contract robots throughout the firm. If the reaction to our first application is any indication, we will be leading the implementation of AI in the Law for some time to come.”
Peter Wallqvist, Managing Director at RAVN Systems, added, “The use cases for RAVN ACE are virtually unlimited. In addition to law firms implementing a variety of automated review processes, RAVN is working with organisations from the Media, Telecoms, Professional Services and Financial Services sectors to revolutionise their handling of unstructured data. Use cases include automated Due Diligence, Document Review, Contract Assurance, Governance and Financial Instrument processing”.
The Techies Awards will be held on the 25th February at the ME Hotel, London. These inaugural awards, judged by a team of respected experts will highlight innovation excellence amongst UK Tech’s most exciting businesses, individuals and startups.
For more information please visit: http://www.techworld.com/techies/
RAVN Systems has a combined experience of over 50 years in Enterprise Search and offers revolutionary, search-based solutions and capabilities across a broad spectrum of industry verticals. RAVN solutions and expertise deliver long-term value and competitive advantage from unstructured information and through deep analytics capabilities, mitigate business risk.
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