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How RAGE AI Makes Artificial Intelligence More Realistic

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rfby Angela Guess

The MIT Technology Review recently wrote, “When you first think of artificial intelligence (AI), you might envision a fully automated society in which robots serve our every need. Or you might imagine the disembodied voice of HAL, the recalcitrant computer that wouldn’t open the pod-bay doors in ‘2001: A Space Odyssey,’ the renowned 1968 science-fiction film. But science fact is more practical, more affordable, and more widespread than Hollywood portrays. RAGE Frameworks, a provider of knowledge-based automation technology and services, epitomizes that reality. The Dedham, Massachusetts–based company has developed artificial intelligence technology that scans mountains of structured or unstructured documents.”

The article continues, “The engine of RAGE AI, as it’s called, sorts through the data it ingests and provides analysis or interpretation of any patterns it discovers. ‘RAGE works in both assisted and unassisted mode—assisted by human experts or on its own,’ says Venkat Srinivasan, CEO of RAGE Frameworks. Moreover, RAGE AI configures end-to-end enterprise-grade applications rapidly—that is, in a matter of days or weeks.”

It goes on, “RAGE AI can quickly identify patterns and comparisons that might otherwise take an inordinate amount of time or be missed altogether. ‘One example is to think about a merger-and-acquisition transaction,’ Srinivasan explains. ‘If you’re doing a cost analysis for two companies merging, you’d need to review thousands of contracts to identify any synergies. Those contracts come from suppliers, customers, and so on. Those contracts are in many different shapes and forms. We are able to rapidly digest all these contracts and extract the right terms to show the delta’.”

Read more here.

Photo credit: RAGE Frameworks

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