Narrative Science Announces Strategic Investment and Technology Development Agreement with IQT
June 5, 2013
Narrative Science, a leader in automated business analytics and natural language communication technology, announced today that it has entered into a strategic partnership and technology development agreement with In-Q-Tel (IQT), the independent strategic investment firm that identifies innovative technology solutions to support the missions of the U.S. Intelligence Community. The agreement will enable Narrative Science to develop a version of its patented Artificial Intelligence engine, Quill™, for IQT’s government customers to help enhance understanding, analysis, and communication of data.
“Narrative Science’s Artificial Intelligence platform analyzes data and communicates this information in a way that is easy to read and understand,” said Steve Bowsher, Managing Partner at IQT. “We believe these advanced analytic capabilities can be of great value to our customers in the Intelligence Community.”
Bridging the Gap Between Data and Knowledge
The velocity and volume of big data, combined with cloud services, are driving a dramatic reliance on machines to do more heavy lifting in an intelligent, fast, and scalable way. Quill combines Artificial Intelligence, data analytics, and editorial expertise to automatically transform large, complex data sets into plain English narrative content, without any human intervention. The system is taught (as a person would be) to find insight in data – correlations, trends, and anomalies – and then express that insight in a narrative form for effective communication. End users can quickly and easily get the information that is most useful whenever they need it, in the form that is most natural for them to read.
“Our ground-breaking technology is revolutionizing how organizations make decisions and communicate information from large and disparate sources of data,” says Stuart Frankel, CEO. “The strategic relationship with IQT is further validation that Narrative Science is poised to address a pervasive commercial and market need.”
About Narrative Science
Narrative Science is the leading provider of automated business analytics and natural language communication technology that helps organizations transform data into narrative insight. Its patented Artificial Intelligence engine, Quill™, automatically analyzes data and creates stories that are contextually relevant and personalized to any audience. Narratives can be produced in many formats, including business reports, articles, summaries, visualizations, headlines, and Tweets, allowing companies to improve decision-making, create new products, and optimize customer interactions. Solutions span multiple industries, including financial services, marketing and advertising services, research and information services, hospitality, government, education, and media and publishing. For more information, visit www.narrativescience.com.