LONDON, February 29, 2016 /PRNewswire/ --
RAVN Systems, experts in next-generation Artificial Intelligence, Graph Search and Knowledge Management technology, is pleased to announce they won the award for the "Best Enterprise Start-up 2016" category at the Techies Awards held on the 25th February 2016 at the ME Hotel in London.
RAVN won the award for their revolutionary Artificial Intelligence robot, RAVN ACE, a cutting-edge Artificial Intelligence solution which reads, interprets and extracts specific information from documents. It converts unstructured data into structured output, in a fraction of the time it takes a human - and with a higher degree of accuracy.
This technology has already proved successful as international law firm Berwin Leighton Paisner (BLP), has won the award for Best Use of Technology at the British Legal Awards 2015 for its use of a RAVN ACE robot within one of its legal practices.
BLP's contract robot uses ACE core functionality to extract data from standard legal documents, cross-check the data internally, check it against external sources, and write the output into a structured form, making it ready for the next stage of the process.
Peter Wallqvist, Managing Director at RAVN Systems, added: "We are delighted to win this award. In addition to law firms implementing a variety of automated review processes, RAVN is excited to be working with organisations from the Media, Telecoms, Professional Services and Financial Services sectors to revolutionise their handling of unstructured data. Use cases include automated Due Diligence, Document Review, Contract Assurance, Governance and Financial Instrument processing."
Techworld editor Charlotte Jee said: "The Techies is all about us celebrating the success of the community we support.
"We cover startups, innovation, developers, emerging tech and its impact on business so it was wonderful to see first-hand the incredible innovation on both the customer and technology vendor side. It was a privilege to receive entries from so many organisations and welcome more than 100 inspirational technology movers and shakers to what was a great celebration. We can't wait to make The Techies even bigger and better for 2017.
For more information please visit: http://www.techworld.com/techies/
About RAVN Systems
RAVN Systems has extremely broad and deep experience with Unstructured Data processing and offers revolutionary, search-based and cognitive computing solutions for any information intensive vertical. RAVN expertise and solutions deliver long-term value, competitive advantages and help manage and mitigate risk through surfacing and harnessing the information contained within unstructured data.
For more information please visit http://www.ravn.co.uk
SOURCE RAVN Systems