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Like it or not, AI tech is “entering the era of the narrative,” explains Kris Hammond, chief scientist at Narrative Science, one of several “natural language generation” startups emerging as vendors in this nascent field. “These are narratives generated by systems that understand data, that give us information to support the decisions we need to make about tomorrow.”
EY today announced the finalists for the EY Entrepreneur Of The Year 2015 Midwest program. The awards program recognizes entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities. These business leaders, including Narrative Science CEO, Stuart Frankel, were selected by a panel of independent judges, and award winners will be announced at a special gala on June 17, 2015 at the Sheraton Chicago Hotel and Towers.
Does sheer data excite you? Left-brainers dig scientific facts and statistics. The other camp may find these things quite boring. But thanks to Quill Engage, it doesn’t matter; whether you’re a left- or right-brained; you’ll appreciate Google Analytics (GA) reporting in a narrative way. What’s more, it’s free.
Hammond started the University of Chicago's artificial intelligence lab and while teaching at Northwestern University created a company called Narrative Science which uses AI to write stories about data. While at first Narrative Science wrote mainstream journalism stories, such as sports scores, it has since pivoted to work in the financial services industry where it writes financial reports -- essentially making sense out of a lot of data in only seconds. "The data is there, there’s a tradition of analytics, there are tremendous reporting needs, and they can write checks," he said.
Narrative Science's Quill platform provides financial reports to Forbes and a number of Wall Street firms. It also churns out more than a million accounts of Little League games every year.
A look at one of the more surprising human occupations to fall to the robot armies: sports and financial reporting.
Don’t worry if you don’t understand the data in your Google Analytics reports. Not everyone has the time or technical knowledge to decipher an analytics report. With Quill Engage, however, you are given an easy-digest report with actionable advice to improve your site’s performance.
The company's software, which takes data and turns it into a narrative, started as an academic project at Northwestern University. It recently landed $10 million in funding and insurer USAA as a customer.
The machine is based on an off-the-shelf product called Quill from Narrative Science that generates narrative reports from feeds of the kinds of structured data that enterprises usually have on file, such as transaction data and performance data, explains Stuart Frankel, head of Narrative Science.