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Author: Jeff Bertolucci
 |  Published: April 21, 2014

So what's a smart machine? As a computing model designed to analyze growing volumes of unstructured data, including video, images, and human language, a smart machine, or cognitive computing system, uses artificial intelligence and machine learning algorithms to "sense, predict, infer and, in some ways, think," according to IBM.

In a recent report, "Cool Vendors in Smart Machines, 2014," Gartner named three well known examples of smart machines, including IBM's Watson, Google Now, and Apple's Siri, and predicted the technology will gain wider acceptance this decade. It also spotlighted a few up-and-coming vendors in the genre, including AlchemyAPI, Digital Reasoning, Highspot, Lumiata, and Narrative Science.

Author: Jamie McGeever
 |  Published: April 18, 2014

One of the technology companies that has gained from banks' increased vigilance is Digital Reasoning, based outside Nashville in the U.S. state of Tennessee.

Digital Reasoning's software can scan up to billions of communications from thousands of traders, spotting language patterns and raising a red flag to potentially dubious activity.

Rob Metcalf, the company's president and chief operating officer, told Reuters there has been a sharp increase in interest for this software from banks over the last six months, just as the global investigation has taken off.

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