CREALOGIX, a fintech company and market leader in digital banking, has purchased the artificial intelligence (AI) technology of Koemei, a spin-off of the IDIAP Research Institute based in Martigny, Wallis. Koemei’s solution enables for automated conversion of audio and video content into text data for analytics and optimisation, thanks to machine learning technology. CREALOGIX will adapt the technology as of autumn 2017.
Established in 2010, Koemei developed a scalable platform for handling large multimedia datasets, the cross-media search and audio and video content analytics using artificial intelligence, making it easier to exploit multimedia content. As a result, data categories that are set to grow massively in the future and whose analysis is still largely neglected by companies today, can be used efficiently.
From autumn 2017, the technology will complement the range of products offered by CREALOGIX. With this integration, the company will adapt the intelligent functions featuring concept search, content analysis and analytics to the specific requirements of its customers, and the ever-increasing volumes of data can be made available to users quickly.
“We are delighted that we were able to acquire Koemei’s market-leading platform. Combined with our digital banking and digital learning products, this new technology is helping to secure added value and a competitive edge for our customers”, said Urs Widmer, CEO of Digital Learning at CREALOGIX.
Machine learning software for optimal data analysis
The Koemei solution achieves one of the world’s best recognition qualities for the analysis of audio, podcast and video content. For this purpose, the contents are converted into texts via automated speech recognition (ASR). Next, the texts are analysed using artificial intelligence (AI) tools and natural language processing (NLP), to automatically classify content based on open or predefined taxonomies and topics; with data security ensured at all times.
Specific keywords are automatically recognised and tagged in the videos. As a result, users are able to find and jump straight to the relevant statements in any video. This greatly increases the value of video and audio content and saves time during research. Using the technology, the University of Geneva has already processed over 5,000 hours of lectures in a user-friendly manner, integrating the content seamlessly with text document searches. CREALOGIX is adapting the intelligent functions featuring concept search, content analytics and statistics to the specific requirements of its customers.
(Ran)
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