April 28, 2022 – Cortical.io, an AI pioneer headquartered in Vienna, is launching SemanticPro, an Intelligent Document Processing (IDP) solution optimized for organizations that need to accurately extract, classify, analyze, and route large volumes of information spread across a myriad of text documents. Due to its unique and patented neuroscience-based approach, SemanticPro is able to understand the meaning of text. This capability enables the solution to deliver better-than-human speed and accuracy when processing complex, unstructured documents such as contracts, policies, emails, attachments or other messages. Cortical.io’s language-agnostic AI solution can be deployed quickly, needing only about 100 reference documents as training data. SemanticPro comes with an intuitive interface that empowers business users to easily build AI models without the need for consulting in-house or external AI experts.
“Insurance companies receive hundreds or even thousands of claims each day and need to check individual policies to determine whether these are justified. Manufacturers need to check and compare technical specifications for any part in their products to ensure they comply with the latest rules and requirements. Many large brands want to collect insights from customer comments in social media or online product reviews to quickly respond to potential product issues and improve their marketing. Finance specialists and controllers need to review and compare numerous legal agreements throughout the year. Leases, terms and conditions, job contracts, service agreements, usage terms etc. – hardly any of these documents follow the same structure, handling them is a tedious, error-prone process. In other words: A perfect use case for AI. This is why Cortical.io has built an AI system optimized for all of these tasks, however different they may be”, says Francisco De Sousa Webber, CEO and founder of Cortical.io.
New SemanticPro Solution
SemanticPro is an IDP solution that uses Natural Language Understanding (NLU) to automatically and accurately extract, classify, analyze, and route unstructured documents and text. It supports human-in-the-loop or automated workflows, and can be easily integrated into existing business intelligence tools like Tableau, to identify risks, trends and other relevant insights, or enterprise tools like Salesforce, to integrate with business workflows. With SemanticPro, companies are able to reduce manual efforts by 80 percent. No-code and low-code interfaces allow for any business user to design their individual AI-supported workflows and use cases.
Patented Semantic Folding Approach
SemanticPro is built on a patented, neuroscience-based approach to natural language understanding called “Semantic Folding.” Semantic folding represents words, sentences and whole paragraphs as “semantic fingerprints.” Semantic fingerprints capture the actual meanings of words by creating clusters and measuring semantic overlaps to determine the specific meaning of a word in context when analysing documents. Due to this underlying technology, SemanticPro requires an order of magnitude less training data than traditional AI language models. 100 reference documents, e.g. contracts, data sheets or emails are sufficient to train SemanticPro on a new use case. SemanticPro enables business users to train the SemanticPro AI as opposed to machine learning specialists.
Any-use-case technology, and fast
Most IDP solutions need tens of thousands of documents to train their systems, which often requires months of implementation. This is why these solutions are often focusing on very specific use cases or on processing structured documents only. Cortical.io’s Semantic Folding-based technology enables SemanticPro to be trained on any use case with very little training data. The solution is language-agnostic, too, it can compare documents in different languages without the need for translation. SemanticPro has the ability to deal with unstructured documents such as contracts, insurance policies, proposals, leases, emails with attachments, social media posts, etc. with both high accuracy and speed. It is a solution that is easy to customize and quick to implement in an enterprise environment, while achieving unmatched levels of accuracy when processing unstructured text.
Pricing and availability
The product is available immediately. Pricing is based on annual volume of documents.
About Cortical.io
Cortical.io delivers highly efficient AI-based solutions that help enterprises unlock the value of unstructured text by leveraging a game-changing approach to Natural Language Understanding (NLU). Cortical.io SemanticPro is an intelligent document processing solution that accurately extracts, analyzes and classifies information based on meaning and builds the basis for document workflow automation. With more than 10 years expertise in implementing NLU solutions in the enterprise, Cortical.io has demonstrated its ability to solve the challenges of language ambiguity and variability across many use cases and verticals for Fortune 500 companies.
