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When it comes to analyzing your clients’ portfolio performance, wouldn’t it be helpful and save time if all those charts and graphs could talk? Now they can.
Narrative Science, a Chicago-based enterprise software company, has created artificial intelligence—dubbed Quill—that mines data for important information and transforms it into language for written reports. Last month, the company officially launched Quill Portfolio Review, a version of the software aimed at asset management companies, mutual funds and financial advisors that analyzes portfolio performance and spits out a customized report explaining the reasons behind the results.
Although still the inspiration for science fiction, Artificial Intelligence is now part of our everyday professional and personal lives.
Our friends over at Narrative Science put together the infographic below to look at AI’s history and how its impacted various industries over time.
As a company that specializes in using Big Data and machine learning algorithms to form narratives, who better to tell the story of how artificial intelligence has transformed various industries over the last 65 years?
In a research report this week, Goldman Sachs interviewed executives from ten startups from around the world that they're interested in.
These startups aren't billion-dollar companies — they're early-stage and growth-stage companies that are tackling industries ripe for disruption, from the automobile industry to real estate and banking.
Quill allows companies to spend less time crunching numbers and more time providing their employees and customers with actionable information, and this ultimately makes employees more productive.
Professor Kristian Hammond was named Technologist of the Year at the Illinois Technology Association’s CityLIGHTS Awards on Sept. 18.
Hammond, professor of computer science, codirects the Intelligent Information Laboratory and co-founded Narrative Science, a Northwestern startup that turns raw data into natural language narratives.
In short, the biggest difference between A.I. then and now is that the necessary computational capacity, raw volumes of data, and processing speed are readily available so the technology can really shine.
It's not all about sports though. Narrative Science, another company working on robo-journalism tools, can also write convincing articles automatically with their Quill system.
The excerpts below are taken from a Quill-written report on the performance of a stock portfolio.
The reality is that NLG technology can be used anywhere structured data exists and contains information that people need to know. This technology can provide a genuinely personal level of communication at scale that is also compliant and consistent. High-touch customer service delivered by a machine? I hope my bank takes note.
What is unique about the artificial intelligence-powered application is that it translates Google Analytics data into actionable natural language reports that be used to understand and improve website performance. The reports generate "narratives" that communicate key metrics, including content engagement, web traffic and sources, referrals, paid search and audience segmentation to highlight performance drivers and provide actionable recommendations.