In today’s competitive world, more enterprises are looking to drive innovation agendas, yet are unsure of how AI fits in, how it can be operationalized, and even, what it actually is. This book equips companies with the terms they need to know to get smart about AI and the questions they should ask vendors while deliberating how to allocate their budgets and deliver the most impact.
Tuesday, the company announced the release of Practical Artificial Intelligence For Dummies®, Narrative Science Edition in order to give its readers a better grasp on the current state of AI and how businesses can best leverage AI to benefit in the future.
No, the real value, Hammond says, is not in the scattershot approach of news publishing, where one article is created for a vast audience in the hope that some will find it interesting or useful. Natural language generation and automated narrative creation mean that one dataset can be interpreted in multiple ways, giving each targeted audience segment precisely what they need to know, without any confusing background noise.
Seeking an answer to that question, USAA last year invested $10 million in Narrative Science, a Chicago-based software company and 2015 CNBC Disruptor, whose primary software product—named Quill—turns mountains of data into digestible written reports that read like they were penned by a human hand.
In June, the two companies announced a deeper partnership, one that will see Quill deployed within USAA to generate personalized written reports for individual members' portfolios, seamlessly crunching dense piles of numerical data into easy-to-read performance summaries on demand.
This serial entrepreneur has helped build a Northwestern spinout into one of Chicago’s most interesting startups. Narrative Science, an artificial-intelligence company, is hiring and raising capital at a rapid clip. Now Frankel is courting the financial industry with his unique software that turns data into words humans can read.
The company has developed an artificial intelligence engine, Quill, that turns numbers into stories. It's being used by Forbes to automatically generate earnings reports and by Personal Capital to create mini-reports on customers' personal finances. Banks could use the software to automate compliance and other reports.
A slew of companies offering automated reports have started targeting the financial-service industry... And at least one, Narrative Science, relies on the financial industry for the majority (60%) of its clientele, the Journal reports. These companies provide software platforms that are used to produce financial reports, performance presentations, portfolio allocations and product descriptions — presumably at a lower cost than using actual humans (none of the companies would discuss fees with the paper).
Narrative Science, which transforms data into narratives, is largely focused on assisting humans in wealth management. But a new opportunity is arising in automated investing, also known as robo advising, in regards to which Narrative Science is currently engaged in several meaningful conversations.
While we don’t often think of language as a user interface, that’s exactly what it is. We have thoughts, construct language to convey them, and send them out using our voices, keyboards, touchscreens, or our hands if we are using sign language. The goal of course is that the recipient understands our thoughts just the way we meant them.
For many applications, natural language can be preferable to the engaging visual interfaces we often encounter. As attractive as visually rich dashboards can be, when it comes to information density, they are usually far inferior to language. In a paragraph and a few bullet points, we can quickly tell a rich and complex story. In a variety of contexts, NLG technology from companies like Narrative Science....are proving this point.
Wall Street Tries Out Research Reports Written By Artificial Intelligence
As automation in financial services grows, computers and algorithms have taken on some of the traditional work of traders, clerks and financial advisers. Now, a host of startups that use artificial intelligence to write news stories and other reports have set their sights on writing work at banks and financial-service companies.
Narrative Science Inc., which launched in 2010 with computer-generated news articles, added products for financial-services businesses in 2013. Those firms now account for 60% of the company’s client base.
As artificial intelligence takes on ever more tasks, Wall Street is getting more comfortable putting it to use. Services launched in recent years are now gaining traction because the technology has become more sophisticated and banks are looking for ways to cut costs and increase efficiencies.