NASHVILLE, Tenn., April 24, 2015 - Digital Reasoning, a leader in cognitive computing, today announced significant customer momentum in financial services and the immediate availability of its next-generation electronic communications (eComms) solution, Synthesys 3.10. The solution transforms the way organizations monitor and investigate employee communications by leveraging machine learning technology that is capable of analyzing human language data at scale to provide valuable insights about risks and opportunities.
Banks are hunting for rogue traders the same way the Pentagon hunts for terrorists: By predicting their behavior.
Instead of looking for weapons deals and on-the-ground movement plans, predictive algorithms can spot shady bankers by tracking their emails when they talk about tickets to sports events and concerts. Cutting-edge analytics systems frown upon choice seats to the Super Bowl, which raise red flags for bribery.
Cognitive is a next computing paradigm, responding to demand for always-on, hyper-aware data technologies that scale from device form to the enterprise.
Cognitive computing is an approach rather than a specific capability. Cognitive mimics human perception, synthesis, and reasoning capabilities by applying human-like machine-learning methods to discern, assess, and exploit patterns in everyday data. It's a natural for automating text, speech, and image processing and dynamic human-machine interactions.
Wall Street traders are already threatened by computers that can do their jobs faster and cheaper. Now the humans of finance have something else to worry about: Algorithms that make sure they behave.
JPMorgan Chase & Co., which has racked up more than $36 billion in legal bills since the financial crisis, is rolling out a program to identify rogue employees before they go astray, according to Sally Dewar, head of regulatory affairs for Europe, who’s overseeing the effort. Dozens of inputs, including whether workers skip compliance classes, violate personal trading rules or breach market-risk limits, will be fed into the software.
Digital Reasoning is proud to be a Silver sponsor of the 2015 Synergy Forum, which will bring together government and industry practitioners driving our collective technology futures. This is a multi-disciplinary event examining the emerging mashup of physical and digital worlds. Attendees include policy-makers, architects, program managers and influencers in the federal government and the most forward thinking engineers, architects and innovators in the American technology ecosystem.
On April 19th, Digital Reasoning will join other industry leaders at the ACFCS 2015 Financial Crime Conference & Exhibition in New York City. Attendees will meet to discuss crucial topics across the full spectrum of financial crime, to share the best practices in combatting financial crime, and to see exhibits from leading technology experts like Digital Reasoning.
Depending upon whom you ask, the nascent field of cognitive computing is either the most important trend in technology since programmable computers, a massively intrusive spying tool that can lay bare our deepest secrets, or perhaps simply a powerful approach for processing diverse data sets to deliver insights that humans can understand.
In reality, the truth is some combination of all of the above – although everyone admits it’s still quite early days to make the final call. It’s not at all surprising, therefore, that the market is also quite confused about what cognitive computing really is.
On March 20th, 200 hackers from universities across the nation will gather at Nashville's Entrepreneurial Center for a 36-hour hackathon. Digital Reasoning is proud to sponsor this event, which is coordinated by VandyHacks. This is the first national hackathon put on soley by Vanderbilt University students. In addition to monetary support, Digital Reasoning is providing several mentors who have deep experience in various Big Data and Open Source technologies. For more information about the hackathon, please visit www.vandyhacks.org.
Franklin-based tech company Digital Reasoning led the way in a strong year for venture capital in Nashville in 2014, closing on a $24 million round led by big-name backers Goldman Sachs and Credit Suisse.
Nearly six months later, unsurprisingly, the new funding is having the biggest impact on the company's financial services offerings, according to Rob Metcalf, Digital Reasoning's president.
As federal cloud provider Amazon Web Services (AWS) readies its commercial cloud service for the CIA, other vendors are lining up to supply the analytical and other tools needed to harness the enormous amounts of data to be stored and analyzed in the emerging spy and other federal clouds.
Among them is new CIA partner Cloudera, which is promoting an enterprise data hub platform that seeks to add a layer of “pervasive analytics” via a unified framework and data formats along with security and administration. Pervasive analytics would be used by federal agencies like the CIA to drive data from analysts to decision makers, Mike Olson, Cloudera’s chief strategy officer, said at a company event in Tysons Corner, Va., this week.
Jobs were scarce for Estes when he left the University of Virginia with a degree in philosophy. He did the only reasonable thing - he started one himself.DigitalReasoning is the outgrowth of trying to understand massive amounts of data, or what is colloquially known as big data.
London, United Kingdom., February 11, 2015 - Digital Reasoning today announced that its cognitive computing platform, Synthesys, has achieved Oracle Big Data Appliance Optimized status through the Oracle PartnerNetwork (OPN). Digital Reasoning is also a sponsor of today’s Business Analytics Summit which is hosted by Oracle and where prospective customers can learn more about the combined offering.
ARLINGTON, Va. - Feb 03, 2015 - Digital Reasoning, a leader in cognitive computing, today announced the appointment of Kelly Collins and Dan Dzenitis to its public sector leadership team.
The rise and maturation of social media, mobile computing, and cloud technologies have reached a point of confluence that now results in unprecedented amounts of consumer data being managed by third parties, and consumer privacy has increasingly become a topic of mainstream conversation. Although consumer privacy in a cloud era is a complex conversation that's laden with buzzwords, the substrate is fairly fundamental and is predicated upon fundamental concepts of property rights and trust.
Digital Reasoning is proud to be a Gold sponsor of this year's Human Systems Conference, which will be held in Alexandria, Va., on Feb. 10-11. The conference will focus on the theme "Human Systems: Maintaining Our Physical Edge, Enabling Our Cognitive Edge" and will bring together experts within business, government, and academia to discuss game-changing innovations across five topic areas.
Banks are being forced into a major reassessment of how they monitor and survey human communications following the recent regulatory investigations into FX market manipulation.
With already over $3.3 billion in fines levied against a number of major banks for the alleged misconduct of individual traders in the FX market, experts say that banks are looking for new surveillance tools and techniques to help them reduce this exposure.
Digital Reasoning is proud to sponsor Oracle's Business Analytics Summit in London, England, on Feb. 11th. The summit will address how to build an intelligent enterprise in a digitally disruptive world, and will deliver talks across three industry tracks - Cloud, Big Data and Modernization.
Today enterprises are in a position to take advantage of All Data, be that Big Data from external sources, internal unstructured data, or structured operational transactional data. They can use the insight gained to identify new revenue opportunities, improve customer experience or deliver greater business efficiency. Encompassing all data, building platforms to provide agility and future proofing are all key in this.
The Digital Reasoning Family wishes our customers and partners the happiest of holidays.
Banks are looking towards increasingly sophisticated surveillance and monitoring technology in FX, as they seek to reduce their risk exposures and ensure regulatory compliance. Last month a group of banks led by Goldman Sachs and Credit Suisse invested $24 million in Digital Reasoning, a firm that provides cognitive computing technology that aims to analyze vast amounts of data while mimicking the human reading process.
LAS VEGAS - November 11, 2014 - Digital Reasoning, a leader in cognitive computing, today announced support for Amazon Web Services (AWS) GovCloud to streamline access to secure, high-performance analytics infrastructure for government agencies and departments that are seeking valuable insights from sensitive workloads.
Digital Reasoning has been selected to demonstrate Synthesys Cloud, running on GovCloud in the AWS Test Drive Showcase at this year's AWS re:Invent conference in Las Vegas. Conference attendees will be able to quickly launch and take a test drive of our cognitive computing platform at the event, while experiencing an immersive machine learning-based analytics demonstration.
Digital Reasoning is looking forward to joining other thought leaders and defense professionals for the 29th annual TechNet Asia-Pacific event on Dec. 9-11 in Honolulu, Hawaii. Over 3,000 defense and government technologists are slated to attend this premier regional event to discuss existing defense policies and challenges.
NASHVILLE TN and New York, NY – October 9, 2014 – Digital Reasoning, a leader in cognitive computing, today announced that it has raised $24 million in Series C funding led by Goldman Sachs and Credit Suisse NEXT Investors, LLC, a fund managed within Credit Suisse Asset Management. Digital Reasoning also announced the appointment of Tom Jessop, Managing Director, Principal Strategic Investments at Goldman Sachs to the Digital Reasoning board of directors.
Between allegations that they manipulated benchmark interest rates or wrote faulty mortgages, banks have racked up more than $170 billion in litigation costs since 2008, according to an estimate by the Macquarie Group (MQG:AU). So some financial institutions are investing in technology that can sift through millions of e-mails, instant messages, and transcripts of telephone calls to spot suspicious behavior before it explodes into a mess of lawsuits and fines.
Digital Reasoning is excited to sponsor the SIFMA Listed Options Symposium in New York City on Oct. 30. The symposium will bring together industry leaders as well as exchange and regulatory experts to discuss the competitive and regulatory landscapes that Exchanges operate in today and the impact of market structure evolution. For more information, visit the SIFMA website here.
On Oct. 23rd in London's Canary Wharf, Digital Reasoning, Accenture and Oracle will host a Risk & Compliance Point of View briefing.Thought leaders from the financial services industry will join other executives and practitioners in an open and lively discussion regarding how financial services organizations are leveraging Big Data to reveal new insights and outcomes that are transforming their business.
NASHVILLE, Tenn., September 8, 2014 – Digital Reasoning, a leader in cognitive computing, today announced immediate availability of Synthesys® 3.9, the latest release of its machine learning platform for analyzing human language data at scale.
Digital Reasoning is proud to exhibit at the inaugural Intelligence and National Security Summit (Summit), taking place September 18-19, 2014 at the Omni Shoreham Hotel, Washington, DC; co-sponsored by AFCEA International (AFCEA) and the Intelligence and National Security Alliance (INSA).
Digital Reasoning is proud to have been selected to exhibit at the upcoming Intelligence Community (IC) Cloud Technology Expo at CIA headquarters on Sept. 10th.
The expo will provide Digital Reasoning an opportunity to showcase our cloud-ready, machine learning platform, Synthesys, and for attendees to learn about our new Open Source Intelligence (OSINT) and Activity Based Intelligence (ABI) initiatives.
In a recent post to AnalystOne, Captain Nick Buck talks about the current state of technology within the intelligence community and challenges facing analysts as they are tasked to stay ahead of the adversary.
Digital Reasoning is using military-grade tech to help banks sense trouble before it happens.
When Tim Estes founded Digital Reasoning in 2000, he couldn’t have imagined that he would spend the next decade using software to help the U.S. Department of Defense track suspected terrorists across the globe. It’s exactly what happened.
Digital Reasoning is proud to sponsor this year's Army Intelligence Industry Day on Sept. 4th in Chantilly, Va. AFCEA Intelligence and the Office of the Deputy Chief of Staff for Intelligence, Headquarters, U.S. Army, will co-sponsor a special, one-day classified event tailored for members of industry focused on U.S. Army Intelligence.
Digital Reasoning's founder and CEO, Tim Estes, will join Hays "Skip" McCormick from the Central Intelligence Agency (CIA) for the July 31st Foundation for Innovation & Discovery (FINND) mission forum titled "Empowering the Vendor Community for the Commercial Cloud".
Mission critical intelligence programs within Defense, Intelligence, and Law Enforcement organizations require analytics and computing platforms that can rapidly adapt to the changing needs of the intelligence analyst. With a wealth of information residing within the public domain, intelligence officials are increasingly interested in organizing and unifying public sources of information in order to enhance situational awareness. As this need for unclassified intelligence continues to grow, the requirement for a flexible and intelligent analytics solution delivered via a scalable and reliable cloud environment will become critical.
Digital Reasoning is proud to participate in the second annual DIA Innovation Symposium 2014 to be hosted at DIA Headquarters in Washington, DC on June 24–25, 2014. The theme for DIA Innovation Symposium 2014 is “Embracing Agility in a Rapidly Changing World.” This Innovation Symposium will be an opportunity for industry partners to hear presentations from Agency senior leadership on DIA’s current challenges and efforts to maximize agility for a rapidly changing global landscape. This is a tremendous opportunity for industry, small business, and academia to partner with DIA.
When Franklin-based Digital Reasoning was asked if they could build a tool to help Thorn — an organization founded by Ashton Kutcher and Demi Moore — find and save children who may be victims of sex trafficking or exploitation, Rob Metcalf, Digital Reasoning's president and COO, was happy to give it a try.
"It's not something we've done before," Metcalf said of what the organization was asking, but it "seemed like a good fit."
"As a business guy, I’m inclined to say, 'let’s figure it out,' ” Metcalf said.
To be agile in today’s distributed, dynamic, and disrupted business environment requires full situational awareness of risk. However, most financial organizations manage islands of data and fail to see the interconnections of risk across these data sources. What might seem trivial by itself actually acts as part of an interconnected web of risk that in aggregate can be very significant and troubling.
Learn how financial institutions are now leveraging advanced analytics and unstructured data (Big Data) to help them achieve a comprehensive and cohesive situational awareness strategy, while significantly reducing their operational costs and their reputational and regulatory risks.
Digital Reasoning is proud to exhibit at this year's NSA SIGINT Development Conference. The two-day conference and expo will be held at Ft. Meade, Maryland, and will focus on the preeminent intelligence issues facing those who are tasked with SIGINT as part of their mission. Over 1500 participants from the US intelligence community and throughout the world will attend this conference.
Sometimes the good guys do win, and this month’s recognition of Thorn: Digital Defenders of Children, for applying innovative technology to combat the sexual exploitation of children was a moment to celebrate. It’s also a call to double down and push forward.
Digital Reasoning is proud to return as a sponsor of the second annual Hack for Change event in Nashville. The event, which is part of the National Day of Civic Hacking, is one of 120 planned events across 100 communities around the world. Hack for Change aims "to bring together concerned citizens, developers, designers and entrepreneurs to collaborate with local and state governments and nonprofits to build new technology solutions on publicly-available data." Nashville's mayor, Karl Dean, signed an executive order to provide a number of government data sets on its website for download so that citizens or citizen groups can create useful applications.
Thank you to the brave men and women that have given their lives so that we may be a free country. To the Soldiers, Sailors, Airmen, Marines and Coast Guardsmen - thank you. You have traded comfort for conviction, and put the needs of your country before your own. Your willingness to fight the battles that must be fought and to lay down your lives, if necessary, in defense of your country inspires us every day.
Centered in the world's financial capitals, New York City & London, Digital Reasoning will host executive roundtables focused on the industry’s evolving Risk & Compliance challenges. The initial event, which will be held in New York City on June 10th, will feature Peter Ferns, CTO of Core Compliance IT at Goldman Sachs, and Michael Rasmussen, Chief GRC Pundit and founder of GRC 20/20. With a follow-up roundtable that will be held in London later this year.
The Defense Intelligence Information Enterprise (DI2E) Plugfest is the annual demonstration of advancements in the DI2E. The purpose is to provide an environment of networked, interoperable and reusable components, the Plugfest eXchange, where vendors are able to deploy and show their tools to provide flexible, agile and data-driven capabilities to Warfighters.
Digital Reasoning is proud to be a returning sponsor to HackNashville taking place May 2-4. This bi-annual hackathon was created to provide developers and designers a place to come together in a completely organic, unrestrained environment to create. For an entire weekend, hundreds of innovators descend on Nashville from all over and are provided with a cool atmosphere, free food, drinks and swag. Then, like magic, they make amazing SaaS applications, mobile apps, or even hardware mashups in less than 48 hours! HackNashville is currently sold out. Learn more at www.hacknashville.com. Follow @dreasoning and @hacknashville on Twitter to receive live updates from the event.
Digital Reasoning is proud to have been selected to present at this year's TraderForum annual conference at the Waldorf Astoria in Chicago on May 9th. Rob Metcalf, president and COO at Digital Reasoning, will speak at the IdeaLab, which is a round-robin format designed to showcase interesting innovations in trading or investment technology. TraderForum, founded in 1984, is the premier invitation-only membership network for equity traders at leading asset management firms nationwide. The two-and-a-half-day conference takes place each spring alternatively between the East and West Coasts and is programmed for high-level delegates only. The agenda of this meeting focuses on how head traders can improve procedures on their desks, better manage their brokerage relationships, and structure their desks in a changing marketplace.
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.
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.
NASHVILLE, Tenn. April 16, 2014 – Digital Reasoning, a leader in cognitive computing, today announced it has been included in the Cool Vendors in Smart Machines, 2014 report by leading analyst firm, Gartner.
Cognitive Computing stands as the single greatest disruption of our global society since the Industrial Revolution. Where the maturation of the Industrial Revolution created the magical gains in productivity that yielded the delivery of mass goods across the country and then across the world, the age of cognitive computing stands to amplify, augment, and multiply the productivity in ways that would have been unimaginable just a few years ago.
In the aftermath of Sept. 11, the federal government hired Brentwood-based Digital Reasoning to help fight terrorism with its technology.
And when the financial crisis erupted in 2008, banks realized they needed better ways to spot internal trouble spots, and turned to Digital Reasoning.
As the world's largest and least regulated financial market, and with close to $5.3 trillion dollars being traded each day – the foreign exchange market seems primed for manipulation. Just in the last 48 hours the investigation into alleged abuse has broadened to Switzerland, Hong Kong and New Zealand and is keeping regulators across the globe scrambling for answers.
At the beginning of each release cycle, engineers at Digital Reasoning are given time to explore the latest in Big Data technologies, examining how the frequently changing landscape might be best adapted to serve our mission. As we sat down in the early stages of planning for Synthesys 3.8 one of the biggest issues we faced involved reconciling the tradeoff between flexibility and performance. How can users quickly and easily retrieve knowledge from Synthesys without being tied to one strict data model?
NASHVILLE, Tenn. March 5, 2014 – Digital Reasoning, a leader in cognitive computing, today announced that their machine learning platform, Synthesys®, has been honored with a 2014 GRC Technology Innovation Award by independent GRC analyst firm GRC 20/20.
The third annual GRC Technology Innovation Awards recognize technologies that are revolutionizing the Governance, Risk Management and Compliance (GRC) market. Fifteen technologies were selected out of 62 applicants after being carefully evaluated for their innovation.
Digital Reasoning will be exhibiting at ACAMS' annual international conference on Anti-Money Laundering and Financial Crime. According to ACAMS, "delegates representing the world's leading banks, securities firms, and government and law enforcement agencies, will gather to assess the global impact of financial crime and offer insight on innovative best practices, methods and trends to mitigate the impact of these offenses on not only financial institutions and related businesses but society as a whole." Digital Reasoning works with many of the leading global banks and financial services organizations and their most demanding use cases to identify previously unknown relationships, networks, activities and behaviors. Stop by and visit us at Booth #203.
The Compliance & Legal Seminar is SIFMA’s annual marquee event designed for the Financial Services, Compliance & Legal communities that brings together leading experts who represent capital markets, regulatory agencies, and partnering law firms to discuss the most critical issues currently facing financial services and how to best address them in 2014. Visit Digital Reasoning at booth #200 to learn more about how Synthesys is aiding financial institutions in the area of proactive compliance with technology that understands human communication.
The GEOINT Symposium hosted by the United States Geospatial Intelligence Foundation, is the nation’s preeminent intelligence event bringing together an exciting agenda of keynote speakers, panel discussions, and breakout sessions providing attendees a unique opportunity to learn from leading experts, share best practices, and uncover the latest developments from government, military and private-sector leaders.
We’re so excited to start 2014 with our latest platform release, Synthesys 3.8. This release, like previous ones, moves the bar forward in terms of our industry-leading advanced analytics; it also includes innovations that we’ve been working on through the course of 2013 and that are focused on providing aggregated knowledge of people, places and activities – delivered using new real-time query capabilities and a whole new user experience we call Synthesys Glance™.
NASHVILLE, Tenn. January 29, 2014 – Digital Reasoning, a leader in cognitive computing, today announced General Availability of Synthesys® 3.8, the latest release of their patented machine learning platform.
Digital Reasoning is proud to sponsor the first annual PyTennessee Regional Conference, welcoming Python beginners and experts to the great city of Nashville where participants will collaborate and learn new Python skills during info sessions, workshops and lightening talks. Make sure to check out Digital Reasoning CTO Matthew Russell's session, Why Twitter is All the Rage from a Data Miner's Perspective.
At this joyous time of year, we are grateful for our many talented employees, valued clients and integral partners. We wish you all happiness, peace, and prosperity in the new year.
Here at Digital Reasoning we spend a lot of time living in the cloud thinking about how we can leverage cloud infrastructures and how our clients can experience our products in new and innovative ways. Cloud computing offers a variety of features and benefits, but for us one of the biggest advantages is the flexibility it offers.
Digital Reasoning is proud to exhibit at the 2013 Law Enforcement & Homeland Security Forum and Technology Exposition, which is being presented by the National Reconnaissance Office (NRO) and Interagency Council for Applied Homeland Security Technology (ICAHST).
In partnership with the Office of the Director of National Intelligence (ODNI) Foreign Language Program Office, the Defense Intelligence Agency’s (DIA) Center for Language, Regional Expertise and Culture (LREC) is proud to present the Intelligence Community Human Language Technology (HLT) Showcase.
In a budget-constrained federal environment, a common mantra is “do more with less.” With Digital Reasoning’s machine-learning platform, Synthesys®, it is now possible to augment analysts by enabling these valuable individuals to quickly analyze troves of data that would normally have taken many thousands of analysts an inordinate amount of time to complete.
Analysts today are often still unable to efficiently mine their poorly structured data (e.g. social media, email communications, instant messaging, etc.) This presents a real analysis challenge for policy and decision makers, as information isn’t transformed to knowledge quickly enough, and when expedited, the information isn’t always as accurate as expected.
NASHVILLE, Tenn. November 13, 2013 — Digital Reasoning, a leader in cognitive computing, today announced it was named to Deloitte’s Technology Fast 500™. Deloitte’s Fast 500 list provides a ranking of the fastest growing technology companies in North America as a way to recognize them for their technological innovation, entrepreneurship and rapid growth. Digital Reasoning also announced the appointment of Abe Danziger as its senior vice president services, and the opening of its first European office in London, United Kingdom.
LAS VEGAS November 13, 2013 – Digital Reasoning, a leader in cognitive computing, today announced at the AWS re:Invent conference that it will offer a cloud version of its Synthesys® Machine Learning Platform via the AWS Marketplace. Synthesys Cloud consists of an Amazon Machine Image (AMI) that contains all the software necessary to run Synthesys on an Hadoop/HBase cluster under Amazon Elastic Compute Cloud (Amazon EC2).
NEW YORK October 28, 2013 – Digital Reasoning, a leader in cognitive computing, announced that its Chief Technology Officer, Matthew Russell, will be presenting today at O’Reilly’s Strata Conference + Hadoop World in New York City. Russell’s workshop entitled “Mining Social Web APIs with IPython Notebook” discusses how to minimize barriers to exploring valuable data from various social media web properties like Twitter, Facebook, LinkedIn and Google+.
What Is HackNashville?
One might describe it, if one were a programmer, as pure awesomeness - a feeling of being one with the Force for 48 hours of pure happiness and joy.
Of course, the only time that feeling is applicable is right after you demo your app for which you sacrificed 2 nights of sleep, personal hygiene, and proper nutrition.
Then you just want to sleep.
Unstructured data — everything from social media posts and sensor data to email, images and web logs — is growing at an unprecedented pace. Here are just a few mind-blowing statistics: Twitter sees about 175 million tweets each day and has more than 465 million accounts. 571 new websites are created every minute of every day. And the world creates 2.5 quintillion bytes of data per day from unstructured data sources like sensors, social media posts and digital photos. Clearly, unstructured data is growing exponentially, and government is no exception.
It’s been only five years since the global financial crisis of 2008. At the time it seemed like the domino effect of bank failures, the liquidity crisis and the ensuing global recession was enough to bring down even the strongest of financial infrastructures. But as governments around the world took the necessary steps to slow and eventually stop the crisis, banks, regulators and economists were given the opportunity to analyze exactly what went wrong.
Say you work for a large bank that has been embroiled in a crisis or scandal. In the discovery processes of the inevitable lawsuits that follow, investigators and lawyers (and in some cases, the U.S. Senate) find all manner of incriminating emails that the bank's risk and compliance departments did not know existed.
We decided to take our expertise with Salt, Django, and simple user interfaces and craft an easily consumable REST API, and a no-brainer user interface that would allow anyone, with minimal training, to create Stacks of Hosts that would be automatically launched, provisioned, and managed. We felt it should also include administrative features like user groups, permissions, reporting, automated rules, notifications, and lease periods. These features would help alleviate the problem of mistaken termination and leaving instances running while not in use.
The fact that data is doubling every two years mimics one of electronics’ most famous laws: Moore’s law. In 1965 Gordon Moore stated that the number of transistors on an integrated circuit doubled approximately every two years and he expected the trend to continue “for at least 10 years.” Forty-five years later, Moore’s law still influences many aspects of IT and electronics. As a consequence of Moore’s law, technology is more affordable and the latest innovations help engineers and scientists capture, analyze, and store data at rates faster than ever before.
NASHVILLE, Tenn. October 3, 2013 – Digital Reasoning, a leader in cognitive computing, is pleased to be named by CIO Review to the CR Big Data 20, an annual listing of the 20 most promising technology companies offering Big Data Solutions. This list of companies is selected by a panel of experts and members of CIO Review’s editorial board to recognize and promote technology entrepreneurship.
It is sometimes difficult to remember that the World Wide Web on the Internet made its debut to the general public only about 22 years ago with Tim Berners-Lee’s first post to the alt.hypertext newsgroup. Yet, during that relative short time, it has had a profound impact on the availability of new sources of information, accessibility and flexibility. The Internet and its ability to turn anybody into a publisher has led to a virtual explosion of data (i.e. “Big Data”) that does not lend itself well to traditional analysis and management tools.
Washington, D.C. September 11, 2013 – Digital Reasoning, the company that enables automated understanding of human communication, is pleased to announce that its CEO and founder, Tim Estes, will be speaking today at the Department of Defense (DoD) and Intelligence Community (IC) briefing at the Amazon Web Services’ (AWS) Worldwide Public Sector Summit.
Digital Reasoning will be exhibiting at this year's Strata Conference + Hadoop World where big data's most influential decision makers, architects, developers, and analysts gather to shape the future of their businesses and technologies.
Digital Reasoning, the company that enables automated understanding of human communication, is pleased to announce that the United States Patent and Trademark Office (USPTO) has issued the company a patent (U.S. Patent No. 8,457,950 B1) for a system and method for coreference resolution. This recently issued patent is part of a patent portfolio that includes 5 issued patents and numerous other pending patent applications.
Beginning September 23, 2013, ACAMS will present its 12th Annual AML and Financial Crime Conference in Las Vegas, NV. ACAMS is the largest international membership organization dedicated to enhancing the knowledge and expertise of AML/CTF and financial crime detection and prevention professionals, from a wide range of industries, in both the public and private sectors.
Emails, Word documents, PDFs, spreadsheets, and social media such as instant messaging and news feeds contain millions of facts about entities (people, organizations, and locations). Identifying which entities represent a real-world person, organization or location across millions of documents and merging them to aggregate knowledge about them is a major challenge for enterprises and government agencies.
On September 20, 2013, AFCEA Intelligence and the Office of the Army's Deputy Chief of Staff for Intelligence will present a one day classified forum examining the state of intelligence in the U.S. Army. Attendees will gain a greater understanding of Army intelligence requirements in a changing fiscal and operational environment, plus a sense of where the private sector can best contribute to support Army intelligence.
Digital Reasoning is proud to be a Silver-Level sponsor of this event; this year's event theme is "Teaming with Industry - Army Intelligence 2020 and Beyond".
Synthesys, Digital Reasoning’s machine learning platform that ferrets out meaning in unstructured data at scale, is bringing its smarts to compliance use cases for organizations, such as financial institutions. (See this article for more insight into the technology behind the company’s software.)
NASHVILLE, Tenn. July 29, 2013 – Digital Reasoning, the company that enables automated understanding of human communication, today announced the General Availability of Synthesys® v3.7, the latest release of their patented machine learning platform. As a result, organizations can now monitor and analyze email traffic in near real-time to quickly identify risks and suspicious behavior that could present regulatory or reputational risks.
“We worry a lot about how do we make sure we are listening when we should be listening,” said David Reilly, technology infrastructure executive at Bank of America. “It’s all too easy for a large enterprise to focus on the very effective partners we already have, the very large and effective partners who give us great service. But that can make you sometimes tune out a little bit and not go out of your way to listen to a company with a great solution they they haven’t learned how to pitch.”
It wasn’t that long ago when compliance was considered an afterthought by many financial institutions. With the top line being “the priority”, banks haven’t always been able to see the true benefits of compliance, and therefore make the right investments and adopt the right strategies.
With recent compliance-related losses at many leading financial institutions, the associated regulatory penalties, loss of customer confidence and overall reputational exposure, banks are taking a serious look at their compliance programs and rethinking their compliance strategies.
NEW YORK, July 15, 2013 – Digital Reasoning, the company that enables automated understanding of human communications, is using advanced machine learning technology to help financial institutions analyze human generated data to identify risks and anticipate suspicious activity that can have a damaging effect on their business. As a result, financial services firms become more proactive about managing their compliance risks; moving beyond transactional monitoring systems and responding to discovery requests in the context of ongoing investigations.
We’d like to welcome you to our story.
We say it is our story but it really isn’t. It’s a story in which we at Digital Reasoning play a role, but we cannot claim sole authorship. Even as a founder, you realize that nothing you have created is here without the tireless effort of others and the opening that is provided by circumstance and calling.
Nashville, July 10, 2013 – Digital Reasoning, the company that enables automated understanding of human communications, today announced the addition of two seasoned enterprise software executives to its team. Following several years of growth, including a 60% year-over-year increase in the size of its workforce and the opening of offices in New York City and Washington, D.C., Digital Reasoning is pleased to welcome Marten den Haring and Stephen Epstein.
A civic group launched by private equity pioneer Henry Kravis is working with Accenture to help IT startups make inroads into the city’s financial institutions. Every year, 100 startups from around the world compete for half a dozen spots in a mentoring program that includes big banks and VCs.
Digital Reasoning's CTO, Matthew Russell, will be a guest speaker at the 2013 Strata Conference + Hadoop World in New York City this October. Russell's session, "Mining Social Web APIs with IPython Notebook", will focus on minimizing the barriers to exploring and mining this valuable data by presenting turn-key examples from Mining the Social Web (2nd Edition) with IPython Notebook.
Digital Reasoning exhibited at this year's Defense Intelligence Agency (DIA) Innovation Day on June 26.
Digital Reasoning CEO, Tim Estes, was a guest panelist at this year's Battle of the Quants in London, England, on June 26.
“It’s like saying, I gave Stacy a pen, therefore she’s a journalist,” said ZestFinance CEO Douglas Merrill at GigaOM’s Structure:Data conference this March. We’re not automatically great decision makers just because we have big data.
Mountains of unstructured data hold some of the most important answers to the critical problems we face today. Unfortunately, because there is so much data, it’s extremely difficult to uncover the most important information. Illuminating this valuable material enables people discover insights, opportunities, and risks that can make a major impact on decisions that need to be made.
Monitoring electronic conversations just got a lot more powerful with the alliance of Digital Reasoning and OP3Nvoice, announced at SIFMA today.
Digital Reasoning, with roots in defense and intelligence, can search and understand structured and unstructured data and use it to build a view of underlying entities, facts, relationships and discover geospatial and temporal patterns. OP3Nvoice can monitor audio, video and text conversations across channels including fixed lines, mobile and Skype and search and locate conversations very fast.
Digital Reasoning exhibited at SIFMA Tech 2013 in New York City on June 18-19 in the FinTech Innovation Lab Pavilion.
New York, June 18, 2013 – OP3Nvoice, the conversation intelligence platform, and Digital Reasoning, the company that enables automated understanding of complex data sets, announced today at SIFMA TECH 2013 a partnership to deliver an expanded solution for the monitoring and analysis of electronic communications.
Ever been stuck behind someone who barged in front of you, only to then move at a much slower pace and hold everyone up? Perhaps it’s the slowpoke in the overtaking lane, or the old lady who elbows you aside on the subway stairs then shuffles down, one step at a time? Or, perhaps, has your firm ever placed a trade knowing you have the fastest infrastructure, only to get held up by third parties or queues of orders at the execution venue?