Element AI Announces Knowledge Scout to Help Organizations Turn Data Into Insights

Newest AI product will help professionals in pharmaceutical, aerospace and automotive industries rapidly access the information they need to support decision-making

Montréal, QC (Dec. 3, 2019) – Element AI, a global developer of artificial intelligence-powered services and software that helps enterprises to ‘operationalize’ AI, is pleased to announce the general availability of its Element AI Knowledge Scout decision-support product, the latest addition to the company’s portfolio of AI-powered software solutions.

Focused on turning previously untapped information into actionable insights, Element AI Knowledge Scout organizes and manages both structured and unstructured data, and through deep AI opens up unparalleled access to knowledge for today’s industries as they tackle increasingly complex data-intensive problems. To be rolled out to customers in early 2020, Knowledge Scout will enable specialists to draw faster insights from existing institutional data to ultimately optimize operational responsiveness.

In an organizational setting, data is plentiful but insights are hard to capture. A great deal of this institutional knowledge is tacit and retaining it can be extremely challenging when an expert isn’t present or leaves the company. As such, when a problem arises, employees often don’t have the experience-based information needed to solve the problem because this knowledge has yet to be collected and centralized, which ultimately costs the organization time and resources.

Element AI Knowledge Scout alleviates this knowledge gap in organizations. Created as a decision-support AI product facilitated by original research by Element AI scientists, Element AI Knowledge Scout offers an intuitive interface, allowing users to ask questions in plain, sentence-based language. The product’s deep learning algorithms then formulates a response by pulling information from similar contexts through both structured and unstructured data sources. The user is then able to bookmark results, thus reinforcing the algorithms’ learning to ensure better results are returned in the future.

“We created Element AI Knowledge Scout as part of our AI software solutions to help organizations realize the power of AI and navigate the repository of institutional knowledge which was previously held by employees and manual processes,” explains Anand Medepalli, Head of Products at Element AI. “Now a simple query with Element AI Knowledge Scout is all it takes to unlock the power of AI and find answers to complex issues, such as quality management in manufacturing, in a matter of seconds.”

To learn more about the Element AI Knowledge Scout product, visit www.elementai.com/contact.

To learn more about Element AI and its AI-powered manufacturing products, click here.

About Element AI

Element AI is a global developer of AI software that helps people work smarter. Founded in 2016 by serial entrepreneurs including JF Gagné and A.M.Turing Award recipient, Yoshua Bengio, PhD, Element AI turns cutting-edge research and industry expertise into software solutions that exponentially learn and improve. Its end-to-end offering, including advisory services, AI enablement tools and products, aims at helping large organizations operationalize AI and create real business impact. Element AI maintains a strong connection to academia through research collaborations and takes a leadership position in policy-making around the impact of technology on society.

Learn more about Element AI in the InsurTech Spotlight.

For additional information, visit www.elementai.com.

© Element AI Inc. 2019, all rights reserved. Element AI™ and the Element AI logo are protected trademarks of Element AI Inc. Element AI Knowledge Scout software product is a trademark of Element AI, and may be registered or pending registration in several jurisdictions. Other trademarks used in this document may be trademarks of the manufacturers or vendors of their respective products.

SOURCE: Element AI

Tags: Artificial Intelligence (AI), Big Data, data, Element AIRead the original article at Insurance-Canada.ca