|By PR Newswire||
|December 1, 2016 09:00 AM EST|
ROCKVILLE, Md., Dec. 1, 2016 /PRNewswire-USNewswire/ -- There is continued and growing interest in Artificial Intelligence solutions for optimizing decision-making models that use and exploit unstructured information. Leading semantic data analysis provider Recognos Financial developed an innovative semantic platform for data management that incorporates the cognitive Cogito technology from Expert System.
The Recognos Financial platform uses Cogito within its machine learning workflow to analyze all types of text from diverse, evolving sources in the most complete and accurate way possible. For example, the data on the U.S. Securities and Exchange Commission website contains an enormous wealth of financial information, business documents, statements, forecasts, reports and prospectus from which real-time structured data may be extracted for further analysis or made immediately available for strategic decision-making activities of banks, investment funds, brokerage firms, etc.
Drew Warren, CEO of Recognos Financial stated, "Studies have shown that 80% of all data in a financial services firm is unstructured. In the evolving world of Big Data the primary goal is the aggregation and dissemination of data to facilitate better decision making. Recognos Financial is focused on leveraging the unstructured data in an organization to make this effort far more meaningful to a given firm."
"In the financial market where the use of an ever increasing wealth of information is rapidly evolving, Artificial Intelligence offers the most convincing response to the issues of data quality," commented Bryan Bell, EVP, Market Development for Expert System. "Cogito is distinguished by its ability to process information through the comprehension of meaning. It combines "intelligence" and power, flexibility, scalability and ease of implementation, while also offering significant cost-benefit advantages."
About Expert System
Expert System created Cogito, a text analytics technology that transforms the way organizations find, comprehend and use information. Cogito leverages proprietary artificial intelligence algorithms to deliver business value and ROI by extracting actionable knowledge from internal and external information and automating business processes. Cogito has been deployed to serve enterprises and government organizations in some of the world's largest industries (Banking and Insurance, Pharmaceuticals, Oil and Gas, Publishing and Government) including companies such as Shell, Chevron, Eli Lilly, Nalco Champion, Bloomberg BNA, Sanofi, Thomson Reuters, Wiley, Wolters Kluwer, the U.S. Department of Agriculture and the U.S. Department of Justice.
About Recognos Financial
Recognos Financial is a premier provider of AI and semantic technology based data management services to the financial services industry. Using advanced machine learning, semantic and natural language processing techniques, the company combines structured and unstructured data to deliver greater context, insights and business value to financial institutions via its proprietary financial data feeds. Recognos Financial also provides data management and cleansing services that help customers automate and optimize critical financial data to reduce data costs, increase flexibility and ensure data compliance. Founded in 2008 with headquarters in New York, NY, Recognos Financial has global offices in San Rafael, California, Houston, Texas and Cluj Napoca, Romania.
For more information visit http://www.recognosfinancial.com/
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/recognos-financial-selects-expert-system-cognitive-technology-to-improve-financial-data-management-300370535.html
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