🏃🏼 We work best when we're stimulated by a challenge: that's why tedious day to day data entry can be so discouraging and dull. Here at Sigmoidal, we started thinking about ways we could automate away tedious data workflows, allowing us to spend our energy and time focusing on the work that really matters.
Automation is not only a cost-effective solution to overwhelming workflows, but perhaps more importantly, it's a solution that allows your team to focus on creativity and innovation instead of memorizing boring systems. Let the robots do that, right?
Automate manual data work with genuine AI
Do you know that your most valuable specialists waste up to 3 hours a day doing work that could be handled by an AI-powered algorithm?
You can utilize AI technology to do a lot of your scanning and research, freeing up your resources to let your team do what they do best: innovate and strategize.
Applications of AI for financial data
Extracting meaning from text
A lot of people don't realize that AI is capable not just of reading mass amounts of online text, but of actually finding patterns and extracting valuable meaning from the text it reads. This is called semantic entity extraction. Using semantic entity extraction to scan and interpret data can help your company build a gold mine of stored data, allowing you to skip the research and organizational stage of your work, and go right to the analysis and action plan phase. Some ways companies are already using semantic entity extraction are:
- Sentiment analysis to analyze Twitter tweets/blog posts in order to foresee market changes
- Searching internet articles mentioning given companies, individuals
- Topic classification on text (verticals, market events like M&A, etc.)
Internet research: Search & understand web data
Do you spend significant amount of time doing internet research? Are you frustrated because there's simply too much information on the web than you could ever possibly scan?
You can automate this task with an AI system that can automatically browse websites containing information you care about (Web scraping) and suggest ones that you could be most interested. An AI sidekick can cut through the noise and find information that's most relevant to your case.
Find relations between entities
Make predictions and suggestions
What's your favorite buzzword?
People tend to be polarized with their opinions, segmenting things into black and white.
Some people dismiss AI as a hoax or marketing buzzword, whereas others assign it almost godly abilities, blame it for corrupting political elections, and even fearing eternal doom that will come from good-machines-gone-bad.
As usual in life, the truth is somewhere in between.
Modern artificial intelligence should be thought about as a friendly sidekick. It's still a computer algorithm/program, and needs the direction and instruction of a real human in order to be efficient. It isn't able to "think" as we humans do, but it is strongly specialized in doing what it has been taught to do.
So how is that groundbreaking? Isn't this what computer programs have provided us with for years?
The thing is, AI can now solve tasks previously unsolvable by machines at all - most specifically dealing with unstructured data, and this is a huge advancement for those hoping to use AI in their daily workflows.
We aren't losing our jobs anytime soon.
Though it's advancements are impressive, AI is not taking over the world any time soon. On the contrary, with the integration of AI, our everyday life is about to get more enjoyable, meaningful, and interesting by freeing us up to do what we truly want to do. Our mission at Sigmoidal is to free up people's time to be able to perform at their best - things that they're passionate about, and that they're good at.