AI tools are extracting useful information from document swamps
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Pinpointing specific information in massive swaths of financial services contractual documents was the driver that created a need for KPMG International Ltd.’s new Ignite artificial intelligence ecosystem, says a software engineering boss there.
“Tons of contracts” and documents existed at the professional services network that were full of valuable information, but there wasn’t any way of extracting the good bits, according to Kevin Martelli (pictured), principal of software engineering at KPMG.
“It really evolved into a whole end-to-end complete platform,” he said. Interestingly, KPMG has also just gotten a patent for it.
help outline INFRA Watch live: Focus on OpenShift and hybrid just part of the many storylines for Red Hat Summit on April 27-28
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For Jim Whitehurst, becoming the chief executive of Red Hat Inc. in 2007 was like ordering a five-course meal and only receiving a couple of appetizers. He expected to find a customer list that represented the core global industries and biggest information technology consumers.
Instead, it was financial institutions, some phone companies and not much else.
“When I joined, our top customer list was great all major banks and telcos,” Whitehurst described in a 2010 interview. “But where’s everybody else? Where are the big mainstream users of IT? That’s one of the key things that we worked on.”
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