October 5, 2018 | Written by: Luke Palamara
Categorized: Discovery and Exploration
Share this post:
On September 18, the worlds’ only independently judged enterprise AI awards –the AIconics–named Watson Discovery the winner for “Best Innovation in NLP.” NLP, or Natural Language Processing is the area of computer science and artificial intelligence that focuses on the interaction between computers and human languages. Specifically, NLP concerns how computers process and analyze unstructured natural language data.
The AIconics celebrate the drive, innovation and hard work done throughout the international artificial intelligence community. This year’s awards recognized industry leaders across a broad spectrum of AI technologies and were judged by a panel of world class AI experts, including senior leaders from venture capital firms, academia and enterprise end-users. In his kickoff speech, AIconics Awards Curator Edward Beecham said, “With over 300 entries from around the world, the 3rd Annual Edition of The AIconicsreflect the strength and progress of a rapidly expanding and evolving sector. Artificial Intelligence is now beginning to dominate conversations in the technology sphere.”
Watson Discovery wins the AIconics award for Best Innovation in NLP
Watson Discovery’s leading NLP understands the meaning and the structure of data to help businesses increase productivity, allowing teams to focus on more interesting, higher value work. Clients like LegalMation and KPMG have used Watson Discovery to tap into enterprise knowledge spread across the organization to help facilitate tasks like creating early response drafts, reviewing intricate documents, and getting answers to complex questions.
Leaders from Woodside, an Australian oil and gas company, have said that “Employees used to spend 80% of their time researching problems and 20% fixing it. Watson has reversed that.” With Watson Discovery, teams can ask questions in natural language to both uncover the information they are looking for and to pinpoint new patterns that point to where incremental innovation can happen.
Currently available on IBM Cloud, Watson Discovery is an out-of-the box solution, so users don’t need to understand how to use APIs to configure and populate the service. It’s a one-of-a-kind cloud native AI powered insight engine that extracts meaningful insights from structured and unstructured content to help teams be more efficient and more discerning, ultimately driving more value for the business.
Find out what is possible with Discovery on your data with a free forever Lite Plan.