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Talk is cheap, unless you're one of the biggest banks in the world. Then, offhand, typo-filled instant messages and emails among traders, such as "dont want other numpty's in mkt to know" or "hopefulyl a fe wmore get same way and we can team whack it" or "i'd prefer we join forces ... lets double team them," can lead to billions in fines and even criminal charges.
Since the financial crisis, regulators have seized on traders' emails and Bloomberg instant messages to establish collusion and market manipulation in the foreign exchange, commodity and interest-rate markets. JPMorgan, Citigroup, UBS and Barclays have all pleaded guilty to felony charges, and just about every big bank has paid fines exceeding $100 million. Today, detecting conspiracies in traders' cryptic communications--before government enforcers do--is a critical part of risk management.
The incredible story of how artificial intelligence has connected a non-profit, governments, and the banking industry in the global fight against human trafficking.
“I’ve seen video content of a child that’s the same age as mine being raped by an American man that was a sex tourist in Cambodia. And this child was so conditioned by her environment that she thought she was engaging in play.”
With palpable emotion, Ashton Kutcher delivered these words to the Senate Foreign Relations Committee hearing on human trafficking and slavery. His impassioned testimony generated headlines around a world where, hidden from view, 27 million adults and 13 million children are victims of modern slavery. Any notion that slavery was disgrace of history is crushed by the realization that there are more slaves today than at any point in our past.
Underneath all the hype, real breakthroughs in AI are happening, transforming how we do business. Intelligence engineers and developers are creating software that doesn't just do what it's told, but has the ability to anticipate the needs of its users and customers through a combination of pattern recognition, knowledge, planning, and reasoning. If you're looking for groundbreaking research, compelling use cases, rock-solid technical skills, and teardowns of successful AI projects make plans to join us June 26–29 in New York for the O’Reilly AI Conference. In addition to sponsoring this year's conference, Digital Reasoning's Founder and President, Tim Estes was chosen to speak on June 27th.
I’m a “potential” person. I love opportunity. That’s why I was unable to resist taking the helm at Digital Reasoning.
Tim Estes is a visionary who has done an incredible job, bringing together an amazingly talented group of people who together have achieved unique and impressive successes. We’ve proven that artificial intelligence can solve complex problems and enable our customers to do more than they ever thought possible.
Digital Reasoning’s new CEO knows a thing or two about taking growing companies to the next level.
“It’s easy for early-stage companies to get caught up in how wonderful their technology is and sometimes they forget about all the basic blocking and tackling you have to do to build the business,” said Brett Jackson, who took over for founder Tim Estes on April 20. “That’s what I’m focused on
NASHVILLE, TN, April 20, 2017 – Brett Jackson has joined Digital Reasoning as the company’s CEO. As a seasoned leader of growth companies in data analytics and enterprise software, Jackson will work with the executive team to drive operational effectiveness, scalability, and new growth opportunities. Founder Tim Estes has transitioned to President after 17 years as the company’s CEO and will be focused on expanding the company’s lead in artificial intelligence that understands human communications for the world’s most important enterprises.
NASHVILLE, TN, April 6, 2017 – Digital Reasoning, a leader in cognitive computing, was announced as the company with the ‘Best Artificial Intelligence Technology’ at the WatersTechnology.com fifth annual Sell-Side Technology Awards event yesterday in New York City. Digital Reasoning created the Synthesys® cognitive computing platform, which is one of the most widely-adopted AI systems within financial services and used by many of the world’s leading investment banks in applications ranging across risk and compliance, financial crime, and customer insights.
Banks have argued hard against plans, drawn up in the wake of the financial crisis, to divide their investment and retail operations. A recent $600 million fine for anti-money laundering failures may give them pause. This time Deutsche Bank was in the regulators cross hairs, following a serious compliance breach that facilitated a $10 billion Russian money-laundering scheme.
NASHVILLE, TN, February 16, 2017 – Digital Reasoning, a leader in cognitive computing technology, today announced the appointment of Al Tarasiuk to its Board of Directors, effective immediately. Tarasiuk is Chief Security Officer at Deutsche Bank and was formerly the CIO of the US National Intelligence Community and the Central Intelligence Agency.
The Panama Papers disclosure is justifiably acclaimed as triumph for the pioneering field of data journalism. Yet, behind the stunning exposé of how rich and powerful people hide their money, is the story of a data investigation so complex and incendiary that it endangered the lives of those working on it. Now, artificial intelligence is helping to accelerate financial crime investigations where speed and secrecy are paramount.
“I like to refer to Johannes Kristjansson, the Icelandic reporter we invited to join the project, as the loneliest man in the world,” said Gerard Ryle, the leader of the international team that investigated the Panama Papers. Speaking to TED, he recounts how the journalist devoted himself to the project for 9 months, refusing all other work and living off his wife’s income. Working late into the nights, he kept the windows of home covered to ensure no one could spy on information that would ultimately bring down the leader of his country.
As fraud and cyber-crime overtake theft to become “the most commonly experienced offence” in the United Kingdom, a story in the Sunday Times newspaper has shone a light on a problem within the banks that we all use to look after our cash. With victims of scams collectively losing millions, a leading banker has argued that banks which have allowed themselves to be hoodwinked by criminals should pick up the bill.
NASHVILLE, TN, January 17, 2017 – Digital Reasoning, a leader in cognitive computing technology, was named to CB Insights’ prestigious Artificial Intelligence 100 list (AI 100), a select group of emerging private companies working on ground-breaking artificial intelligence technology. Digital Reasoning was honored in the Core AI category, announced by CB Insights CEO and co-founder Anand Sanwal during CB Insights’ Innovation Summit, a gathering of top executives and investors to explore the industries of the future.
NASHVILLE, TN, November 16, 2016 – Digital Reasoning, a leader in cognitive computing technology, has announced two key honors, marking its progress in bringing cognitive solutions to the financial services industry. It has been cited by Forbes in its 2016 Fintech 50 listing of the most innovative financial technology companies and has also won the ‘Innovation’ category in the prestigious RiskTech100® 2017 report.
Digital Reasoning is sponsoring ACAMS 5th Annual AML Risk Management Conference on June 9th in New York City. We will be joining local regulators and nationally-acclaimed experts for one action-packed day offering applicable solutions to strengthen institution’s risk management strategies and a behind-the-scenes look into recent enforcement actions. From alternative payment platforms to international sanctions compliance, this conference will provide attendees access the latest tools to tackle emerging risk vulnerabilities and overcome the day-to-day regulatory compliance challenges.
More data on consumer behavior and user journey is now available but without the right analytics strategy, making sense of the data can feel like a guessing game. The Customer Analytics Innovation Summit on June 7-8 in Chicago will help you learn to optimize your analytics processes and accurately analyze data in order to understand and respond to the needs and motivations behind customer experience. Digital Reasoning is a Gold sponsor of this two day event with over 22 focused sessions from over 20 industry leading analysts and big data practitioners from the likes of Groupon, Google, Wyndham Worldwide, HSBC, Linkedin and more.
Digital Reasoning will be speaking and sponsoring the Toronto Financial Information Summit on June 7 in Toronto. This Leading data management and trading technology event brings together 40+ industry leading speakers and over 200 IT and data professionals for a day of debate, networking, problem-solving and learning. Attendees will navigate through the challenges of the modern day financial data function.
Digital Reasoning is a proud sponsor and exhibitor at the 13th annual ACAMS AML & Financial Crime European Conference in London on June 1-2. This two-day event will bring together over 500 influential global anti-financial crime professionals, policy makers, regulators and government officials. Giving attendees an up-to-date briefing on emerging AML and CTF trends, analysis of the latest prevention techniques and a practical understanding of new regulatory requirements.
Enterprises around the world are experiencing a profound change in the way they conduct business. On many estimates, over the next 10 years, enterprise spending on AI technology will increase from $200million to over $60billion. AIBusiness.org was founded in 2014 as the world’s first online news portal & online community dedicated to practical Artificial intelligence for business. Building on this success and rapidly growing community, they launched The AI Summit Event Series: a comprehensive forum to target the Enterprise IT Business leader interested in the practical applications of AI.
Digital Reasoning is proud to sponsor this year's AI Summit in London on May 9-10. The AI Summit is the world’s first and largest conference & exhibition to look at the practical implications of AI for enterprise organizations, the actual solutions that are transforming business productivity.
Last year brought tectonic shifts in the global political and regulatory landscape, challenging our assumptions and forcing many established principles to be reevaluated. With demands continuing to rise on capital, transparency and content, combined with increasingly difficult liquidity conditions, the relationship between the buy-side and sell-side needs to adapt and evolve. The 2017 Global Trading Forum, hosted by Credit Suisse, will gather thought leaders from the industry, the public sector, and academia to examine the changing dynamics of our business and offer innovative solutions to thrive in today's environment.
Digital Reasoning is a proud sponsor of this year's forum and will be speaking on the "Disruptive Technologies that Drive Higher Profits" panel on April 6 from 1:30 - 2:30 pm ET.
Insider threat represents perhaps the most complex threat that Government Agencies face. National Security Agencies are effective at limiting threats during the hiring process through extensive background checks and evaluation of lifestyle. Following successful screening, employees are granted a level of trust and access. Very few applicants for National Security positions begin with an intent to do harm to the organization. This makes it nearly impossible to identify who might become a threat to the agency in the future. Most cases of insider misconduct happen long after the initial hire date. Circumstances that lead to insider misconduct can often be very personal and difficult for an agency to detect.
Digital Reasoning is the presenting sponsor for the DSI Insider Threat Summit on April 4. This educational summit will bring together senior members of the IC, particularly those involved in Counterintelligence and defending against insider threat. The 2017 Symposium will include presentations from IC Agencies, NCSC, and industry leaders. This one day symposium will focus on policy, operations, and technology designed to detect and defend against insider threat.
Digital Reasoning is a Platinum Sponsor at this year's Insider Threat Summit on March 29 - 30 in Monterey, CA. This year's summit will focus on personnel security issues including cyber security challenges and capabilities, continuous evaluation of privileged identities and ethical physical security considerations. A heightened awareness of insider threats due to numerous newsworthy attacks and unauthorized leaks has brought us together for one main purpose: To better understand security challenges in order to better defend against insider threats.
Digital Reasoning is proud to sponsor the SIFMA Compliance & Legal Society Annual Seminar, the premier event for compliance and legal professionals working in the financial services industry. This critical forum provides an opportunity for industry leaders and regulators to come together to educate each other, share ideas and concerns, and address developments and emerging trends impacting the C&L community.
Digital Reasoning is a proud sponsor of this year's Executive Leadership Summit hosted by HIMSS UK on March 16 in London. This exclusive one day event brings together NHS executives to explore IT strategies for delivering transformation in health and social care settings. The audience of invited guests will hear from fellow healthcare leaders and health informatics professionals in interactive sessions, panel discussions and vendor workshops.
Leading banks are expanding their use of cognitive computing to power more effective trading strategies based on customer needs and preferences. We lead a free webinar on February 28, Client-Driven Alpha from Cognitive Computing, hosted in partnership with Tabb Group, that examined the emerging trend to apply AI-driven algorithms to electronic communications data to gain a total view of the trading landscape and achieve predictable, client-centric alpha.
Digital Reasoning is proud to sponsor this year's Asia Conference on Big Data and Analytics for Insurance in Singapore on February 23 -24. Data applications range from creating new customer insights to supporting strategic management decisions to more dynamic underwriting. One key obstacle includes getting the stakeholders’ buy-in, which proves to be one of the toughest as they resist adopting new and innovative ways to operate, preferring to rely on gut feel and past experiences. Every insurer has Big Data, but the test is: Are you using the data intelligently? Is your data intelligent? That’s what this conference is for: to also give you practical tips on how to start using Big Data and become a data-driven insurer across all touchpoints.
As Asia’s regulators and law enforcement stepped up their supervision, inspection and enforcement efforts, banks, insurance companies and other financial institutions alike are under pressure to review their processes, controls and systems to ensure compliance in an increasingly dynamic and borderless market environment. The AML & Financial Crime Asia Summit focuses on the industry’s best practices on combating financial crime – from forming collaborative public-private-partnerships, uncovering the latest threats in AML, frauds, cybercrimes to how financial institutions can leverage technologies such as blockchain, data analytics in their fight against financial crime. Digital Reasoning is proud to sponsor this year's event.
Digital Reasoning is a proud sponsor of the 4th Annual Cybersecurity for Financial Services Conference hosted by IA Watch. This event is centered around how attending firms can better assess their risks and vulnerabilities, prepare for a wide-variety of scenarios, train employees and implement concrete response plans in the event of a cybersecurity incident.
It’s almost 17 years since the company I founded took its first bold steps to create software that would learn and improve. Motivating me throughout has been an unshakable conviction that machine learning would be incredibly transformative. I knew that if we could develop software that could learn we would empower people in many new ways and make a positive difference for humanity.
When talking about the caliber of investment groups looking to Nashville for deals, local investment manager Sid Chambless is happy to name drop.
GV, Google’s venture capital arm, Oak HC/FT, Nasdaq, Goldman Sachs, Credit Suisse and BlueCross BlueShield Ventures are among the national or global companies and investment groups he rattles off that have poured millions into Nashville startups.
“We are having a great deal of success graduating companies to regional and national venture capital groups,” Chambless, director of Nashville Capital Network investment firm, said. “It used to be regional, that’s where the story has changed in the last couple of years.”
Tim Estes, CEO, Digital Reasoning, has been invited to talk at IBT's forthcoming data science in capital markets event.
Machine learning surveillance techniques used to spot unfair or collusive activity at firms have advanced far beyond searching lists for risky words, and now make myriad connections based on a wide range of behaviour and interactions.
Tim Estes, CEO, Digital Reasoning, which provides advanced compliance tools of this sort, says that to trick the surveillance software would mean avoiding every system – email, chat rooms etc – and not doing anything behaviourally that would create a signal either.
I participated in a cognitive technologies conference a few days after the November 8 election, and much of the talk at breaks (and some on the stage) was about the election results and the reasons behind them. There was a general feeling that the “Rust Belt” had been largely responsible for Donald Trump’s victory, and a growing, if belated, understanding of the economic plight of some citizens from that Midwestern region.
Some conference participants were concerned that this beleaguered region might grow. In fact, one attendee — an old friend who strategizes about technology for a big New York bank — commented that perhaps Wall Street would become “the new Rust Belt.” His concern was that automation of the finance industry would hollow out jobs in that field in the same way that robotics and other technologies have reduced manufacturing employment.
The weeks leading up to the holidays are full of distractions, so we found bosses that successfully keep everyone both happy and productive.
The month of December, perhaps more than any other time of the year, is the ultimate tightrope act for bosses. Be too loose with keeping your employees on track and risk hurting business. But be too strict and face coming off as a Grinch, and possibly damage employee morale long after the holidays have ended.
So how can business leaders motivate employees to stay productive and motivated during the holidays? We spoke to 10 CEOs across myriad industries to reveal their best practices.
Customer Insight & Analytics tools such as Quality Enhancement, Customer Segmentation, Predictive Analytics, VoC, BI & Reporting, and more, are increasingly offering companies the competitive advantage they need to transform their understanding of their customers and capitalize on an ever-connected world. Digital Reasoning will be sponsoring this year's Customer Insight and Analytics Exchange on January 25-26. This invitation-only event gives attendees the opportunity to learn from leading companies on how to perform in a digital, data and customer-centric world.
An as yet unknown artificial intelligence startup could be the next "Google or Facebook (FB)," although tech industry giants like Intel (INTC), Microsoft (MSFT) and IBM (IBM) aim to take over the AI revolution themselves through acquisitions, says Goldman Sachs.
Intel showcased its push into AI last week, unveiling a deeper AI relationship with Google-parent Alphabet (GOOGL) as well as other initiatives.
"Intel noted AI is the fastest growing workload in the data center and expects AI compute cycles to grow 12 times by 2020," said Goldman Sachs in a research report Monday.
Other companies getting a boost from a push into AI and machine learning include chipmakers Nvidia (NVDA) and Xilinx (XLNX) and tech giants Amazon.com (AMZN), Google and Microsoft, says Goldman Sachs.
The internet? We don’t need to tell you what a game-changer it’s been. It’s our infinite library/newsstand/theater, and social media has expanded our ability to connect with each other. Unfortunately, it’s also proven to be a dream come true for sex traffickers who’ve invented brand-new ways to capture and exploit prey. Thorn, a non-profit dedicated to fighting child sexual exploitation, is fighting back using the latest technology to assist law enforcement in putting a stop to it.
Certain things make Valerie Bannert-Thurner raise an eyebrow when looking for signs of bad behavior on the Nasdaq exchange. Gloating in the chatrooms, for example.
"I like the example of excessive cheering because the guys just can't help themselves but cheer," said Bannert-Thurner, who is senior vice president and head of risk and surveillance at Nasdaq.
Another worrisome indicator is seemingly too-good-to-be-true trading profits.
"If people are excessively profitable given how they trade and in comparison to everybody else trading the same instruments with similar styles, then we ask, is this luck or something else?" Bannert-Thurner said. "You just can't outperform the market all the time."
But with 14 million trades a day on Nasdaq and innumerable chats and emails, she and her colleagues can't look at everything. Enter artificial intelligence.
Add another piece of national notice to the list for Franklin-based Digital Reasoning, a machine learning company whose investors include massive financial players, a health care giant and the venture arm of the United States intelligence community.
The company has landed a spot in Forbes' Fintech 50 for 2016, a collection of the companies making waves in financial technology. The finalists were "culled from an initial list of 300 startups," according to Forbes.
The $1.7 trillion U.S. financial services industry is being fundamentally reordered as a tsunami of technology disrupts the way we save, invest, spend and borrow. Worldwide, $18.9 billion poured into fintech startups during the first nine months of 2016, up from $17.6 billion in the same period last year, according to Accenture. With so much action, it's no surprise that 22 companies are new to our second annual Fintech 50 list, which was culled from an initial list of 300 startups. Candidates had to have operations, but not necessarily headquarters, in the U.S. Our list excludes publicly traded companies and their subsidiaries, as well as established financial players that are privately held.
When Tim Estes, 37, created Digital Reasoning as a twenty-one year old with a philosophy degree from the University of Virginia, his startup aimed to use software to bridge mathematics with language and understand human behavior. Sixteen years on, Estes' language-learning technology is used by a who's who roster of Wall Street's most scrutinized firms as they rein in employees and avoid the multi-billion dollar regulatory fines that have plagued the industry since the crisis.
Nashville-based Digital Reasoning, a new member of Forbes' Fintech 50, was created with the premise that people build recognizable behavioral patterns using language and quantitative technology can be used to define these habits to understand corresponding action. Over time, the firm's quantitative software teaches itself about patterns thus developing ever more-sophisticated models of individuals' behavior, which can be used for surveillance ranging from counterintelligence to the combatting of fraud.
Digital Reasoning is a proud sponsor of AI EUROPE, the premier European exhibition that will showcase the value of AI for business strategy and give businesses the keys to integrating intelligence. This two day event will include extensive learning, networking, and business applications to gain inspiration and will have over 1000 leading business strategists, decision-makers, leading practitioners, IT providers as well as visionary start-up entrepreneurs in attendance.
With the shift to a value-based reimbursement model, hospitals and clinicians are looking for ways to increase efficiencies and improve patient outcomes. Artificial intelligence can help to streamline diagnoses and treatments by culling through volumes of data and pinpointing specific disease types or other patient data. Patients who need to be seen are seen quicker because a doctor or nurse wasn’t spending time looking through reams of reports, which in turn increases satisfaction all around.
The goal of cognitive computing is to make knowledge workers more effective, not to replace them, says Hal Andrews, president of healthcare at software company Digital Reasoning. “Any workflow that requires humans to read or skim or scan vast amounts of data, technology can make that more efficient," Andrews tells Healthcare Dive. "And there are better outcomes for the patients, there are lower costs for the system as a whole, and there’s improved job satisfaction for the knowledge workers.”
Artificial intelligence programs have beaten chess masters and TV quiz show champions. Next up: stock market cheats.
Two exchange operators have announced plans to launch artificial intelligence tools for market surveillance in the coming months and officials at a Wall Street regulator tell Reuters they are not far behind. Executives are hoping computers with humanoid wit can help mere mortals catch misbehavior more quickly.
The software could, for instance, scrub chat-room messages to detect dubious bragging or back slapping around the time of a big trade. It could also more quickly unravel complex issues, like "layering," where orders are rapidly sent to exchanges and then canceled to artificially move a stock price.
Artificial intelligence programs have beaten chess masters and TV quiz show champions. Next up: stock market cheats.
Two exchange operators have announced plans to launch artificial intelligence tools for market surveillance in the coming months and officials at a Wall Street regulator tell Reuters they are not far behind. Executives are hoping computers with humanoid wit can help mere mortals catch misbehavior more quickly.
The software could, for instance, scrub chat-room messages to detect dubious bragging or back-slapping around the time of a big trade. It could also more quickly unravel complex issues, like "layering," where orders are rapidly sent to exchanges and then canceled to artificially move a stock price.
NASHVILLE, TN, June 21, 2016 - Digital Reasoning, a leader in cognitive computing technology, today announced the immediate availability of Synthesys 4, the latest version of its cognitive computing platform which includes extensive new capabilities that increase the scope and quality of unstructured data analytics and reduces time-to-value for customers and partners. Digital Reasoning has also been cited as a “Leader” in The Forrester Wave™: Big Data Text Analytics Platforms, Q2 2016.
Digital Reasoning is sponsoring this year's TechNet Asia-Pacific in Honolulu on November 15-17, 2016. TechNet Asia-Pacific, now in its 31st year, is co-sponsored by AFCEA International and AFCEA Hawaii. It is the largest event in the Pacific Rim focusing on regional defense issues. Keynote speakers, panel moderators and panelists will discuss defense policies and challenges in the Asia-Pacific region and their relevance to both Industry and Government.
When New Scientist published a leader that Britain’s National Health Service (NHS) had quietly shared the healthcare data of 1.6 million patients with DeepMind, Google’s London-based artificial intelligence (AI) division, there were complaints across the nation’s newspapers.
While the information was ostensibly shared to build an app that would help hospital staff monitor kidney disease, the journal reported that the agreement went much further. The notion of a tech behemoth poking around the most private of personal data, without direct consent, concerned patient and privacy groups. The unwillingness of DeepMind or the NHS Trust involved to discuss its plans for using the data -- anonymized yet intimate details including patient location, visitor information, pathology reports, HIV status, past drug overdoses and abortions -- didn’t help matters.
Looking for a unicorn? Get in line. Actual data scientists are in high demand, and there's not enough of them to go around. If you want to identify the right talent, consider these tips.
If your company is trying to hire a data scientist, proceed with caution. Given the shortage of data science talent, more candidates are assuming the title hoping to command a higher salary. Actual data scientists are much harder to find, and they're harder to keep because they're in high demand.
"The way I define a data scientist is somebody who knows programming better than a statistician and more statistics than a programmer. Both of those traits are table stakes," said Anthony Goldbloom, cofounder and CEO of data science competition platform Kaggle, in an interview.
Top investment banks like Goldman Sachs and UBS are spotting insider trading and other rule-breaking using a machine learning platform that was first developed to help the US catch terrorists.
Digital Reasoning has "almost half the bulge bracket firms using our technology to spot inside behaviours and insider threats," according to Kiran Narsu, senior vice president of commercial sales at the company.
Digital Reasonings has developed a machine learning platform that can learn patterns of language rather than simply looking for key words, helping banks spot things like insider trading and price fixing with a greater degree of accuracy than traditional compliance tools. Its smart platform can be trained to spot trading abuse, collusion, and market manipulation.
Roger Craig, a data scientist at Nashville-based Digital Reasoning Systems Inc., brought the Techweek Kansas City audience in for a game of Jeopardy. The quiz-show record setter used his own computer program to prepare for his big break: After downloading the data from a fan-made archive of questions, he sorted it by category, question frequency, value, and the percent of correct responses.
"You want to get better at categories with a high mean value with a lot of questions," he explained. "You also want to study the ones where you're not doing so well."
Digital Reasoning is a proud sponsor of this year's VandyHacks, a three day hackathon hosted by Vanderbilt University. The coding challenge will give students the opportunity to build websites, apps and hardware and build relationships with tech-minded individuals from other schools.
Digital Reasoning is proud to sponsor Defense Strategies Institute’s GEOINT and Open Source Analytics Summit. This educational Summit will engage the Intelligence Community, DoD, DHS, industry and academia in a collaborative, open forum to discuss technological solutions and best practices that enhance the Intelligence Community’s ability to process, exploit, and disseminate open source data.
Digital Reasoning is proud to support the National Fusion Center Association through sponsorship of their 2016 NFCA Annual Training Conference. Intended for designated state and major urban area fusion center directors, operational managers, and lead analysts, this popular forum delivers quality training and technical assistance and provides an opportunity to exchange best practices in advancing the National Network of Fusion Centers capabilities.
For a long time, tech and innovation went hand-in-hand with visions of Silicon Valley and New York City. But new hubs of health-focused startups are emerging, as digital health companies lay roots in mid-sized metro areas.
According to the Kauffman Index of Entrepreneurship, healthcare is ranked No. 4 in terms of U.S. industries with the largest share of high-growth companies in 2016. Within that sector, Nashville, Tenn., has the most high-growth company density among healthcare companies, meaning it has the most private companies that have achieved at least 20 percent annualized growth over a three-year period with at least $2 million in revenue. This can be seen in the growing amount of venture capital invested in the area, which stems from the city's reputation as a hotspot for healthcare activity in general.
Other health IT hubs like Miami are still in the early stages of maturation, but entrepreneurs and innovators are priming the city for growth. One newly launched accelerator is harnessing Miami's diversity, demographics and geographic location to test products that could eventually be scaled nationwide.
Startups and incubators are clustering in these and other mid-sized cities, forgoing the reputation afforded by Silicon Valley and other big tech cities and capitalizing instead on other factors.
Thousands upon thousands of escort ads are posted online every day in the United States, and unfortunately some of these ads represent and exploit children. It has been the job of law enforcement in the U.S. to look through these ads and detect the ones believed to be related to the exploitation of children and the trafficking of humans for sex. This is no small task considering the vast number of ads, but also because when the sifting is done manually, it is extremely time-consuming.
In 2014 Spotlight was launched by the nonprofit tech task force Thorn, along with co-founders Ashton Kutcher and Demi Moore. Spotlight is a web-based tool that leverages Amazon Web Services’ cloud computing service, machine learning algorithms and insight from officers in the field to connect disparate data, with a goal to improve the effectiveness and efficiency of domestic sex trafficking investigations.
The tool is currently in use by thousands of law enforcement agencies in the U.S. It has been an indispensable time-saver, according to law enforcement officials working with Thorn, and has already helped identify thousands of children advertised for sexual services on the Internet as well as both adult and child victims of human trafficking.
While most people have heard of the Internet of Things (IoT) -- a network of everyday objects with internet connectivity -- there's a lot of misinformation or lack of information surrounding this growing industry.
In order to help consumers understand, seven technology leaders from Forbes Technology Council explain what people should know about the IoT that they might not be aware of yet.
Movie director director Frank Capra is said to have given this advice to aspiring filmmakers: “Don’t follow trends, start them!”
Each year we look for software products that break new territory in helping organizations achieve their knowledge management goals. We look for products that are designed, developed and perfectly timed to fill a niche in the marketplace before users are even aware that such functionality and flexibility have been missing.
Designated as the KMWorld Trend-Setting Products of 2016, the offerings listed here hold the promise for the marketplace—even if the marketplace has not yet realized it. Rather than follow strict criteria, our collaborative judging panel agrees that such characteristics as usefulness, scalability and level of innovation are among the most valuable components. And the panel believes that timing is key: Too late in the market and competitors already have a foothold. Too early and customers are nowhere to be found.
The choice is never easy but we give the list of Trend-Setting Products our best attempt each year, knowing that we cannot include all the deserving products that are available.
Insider threat: cybersecurity considerations when the walls will never be thick enough
Five technology experts collaborated to discuss cybersecurity in the federal government with a focus on insider threat. Members of the panel included Kerry Long, program manager at Intelligence Advanced Research Projects Activity (IARPA) in the Office of the Director of National Intelligence; Deborah Pierre-Louis, chief information security officer and director of the Policy, Liaison and Training Oversight Office, Directorate of the Deputy CIO for Information Assurance at the Department of State; Melinda Rogers, chief information security officer at the Department of Justice; and Tim Estes, founder and CEO of Digital Reasoning.
There are over 100,000 escort ads posted online in the United States every day, and within these, are ads that represent and exploit children. Thorn (www.wearethorn.org, co-founded by Ashton Kutcher and Demi Moore), is a nonprofit tech task force, that helps law enforcement sift through massive amounts of data so they can focus their time on the most vulnerable victims. Thorn's web-based tool, leverages the AWS Cloud, machine learning algorithms and insight with officers in the field to connect disparate data to improve the effectiveness and efficiency of domestic sex trafficking investigations.
Not every company has the budget of Facebook or Google. So for smaller companies with limited tech resources, it's up to department leaders to get strategic about creating impact.
When hiring more engineers isn't an option, a company can instead choose to focus their energy on critical business needs and projects that create revenue. Below, 11 technology leaders from Forbes Technology Council offer other creative ways that companies with small tech teams can maximize their limited resources but still create value for the organization.
In the first batch of names to be revealed for the Upstart 100 for 2016, you'll find entrepreneurs creating new ways to test what's in food, to play musical instruments, to interact with gadgets, to ride a bicycle and much more.
Explore the class of Upstart 100 Inventors by clicking through these slides. For more, click here for coverage at the Upstart Business Journal.
Digital Reasoning is unlike any other company in Nashville.
For the first 15 years of its life, the cognitive computing company, founded and led by Tennessee native Tim Estes, did not work in health care, Nashville’s signature industry. That didn’t stop Estes and his team from raising tens of millions of dollars, snaring high-profile customers (like the Department of Defense and Goldman Sachs) and attracting dozens of tech-savvy engineers to a region where executives often bemoan a dearth of qualified tech talent.
NEW YORK (Reuters) - International Business Machines Corp is in an unusual fix in telling big U.S. banks they can use its Watson software of Jeopardy-winning fame as a cost-saving solution: bankers say they like it, but cannot afford it.
IBM is in good company. Banks are in the fifth year of their belt-tightening campaigns that began in 2011, chasing billions of dollars' worth of savings, and vendors that offer everything from technology to janitorial services are getting squeezed.
With persistently low interest rates hurting revenue and businesses like bond trading hemmed in by new regulations, few on Wall Street expect the austerity to end any time soon.
For IBM the irony lies in the fact that senior bank executives say they believe its artificial intelligence software could help them achieve cost-cutting goals in coming years, but are not ready to pay for Watson today.
Several technology executives from large banks told Reuters that while the software may have enormous potential, they would struggle to convince top managers, laser-focused on quarterly results, to sign off on investments that do not offer an immediate payoff.
International Business Machines Corp is in an unusual fix in telling big U.S. banks they can use its Watson software of Jeopardy-winning fame as a cost-saving solution: bankers say they like it, but cannot afford it.
IBM is in good company. Banks are in the fifth year of their belt-tightening campaigns that began in 2011, chasing billions of dollars' worth of savings, and vendors that offer everything from technology to janitorial services are getting squeezed.
With persistently low interest rates hurting revenue and businesses like bond trading hemmed in by new regulations, few on Wall Street expect the austerity to end any time soon.
For IBM the irony lies in the fact that senior bank executives say they believe its artificial intelligence software could help them achieve cost-cutting goals in coming years, but are not ready to pay for Watson today.
Nonprofit coding bootcamp Nashville Software School is adding a new class designed to fill one of the biggest needs voiced by some of Nashville's leading companies.
The new data analytics bootcamp "will provide intensive career training in the rapidly growing field of data analytics," according to a news release. Data analytics experts are in high demand for the area's health care companies, like hospital giant HCA Holdings Inc., as well as tech-heavy ventures like Digital Reasoning and smaller startups.
NEW YORK (Reuters) - International Business Machines (NYSE:IBM) Corp is in an unusual fix in telling big U.S. banks they can use its Watson software of Jeopardy-winning fame as a cost-saving solution: bankers say they like it, but cannot afford it.
IBM is in a good company. Banks are in the fifth year of their belt-tightening campaigns that began in 2011, chasing billions of dollars' worth of savings, and vendors that offer everything from technology to janitorial services are getting squeezed.
With persistently low interest rates hurting revenue and businesses like bond trading hemmed in by new regulations, few on Wall Street expect the austerity to end any time soon.
For IBM the irony lies in the fact that senior bank executives say they believe its artificial intelligence software could help them achieve cost-cutting goals in coming years, but are not ready to pay for Watson today.
International Business Machines Corp (IBM, +0.86%) is in an unusual fix in telling big U.S. banks they can use its Watson software of Jeopardy-winning fame to save money: bankers say they like it, but cannot afford it.
IBM is in good company. Banks are in the fifth year of their belt-tightening campaigns that began in 2011, chasing billions of dollars' worth of savings, and vendors that offer everything from technology to janitorial services are getting squeezed.
With persistently low interest rates hurting revenue and businesses like bond trading hemmed in by new regulations, few on Wall Street expect the austerity to end any time soon.
NEW YORK (Reuters) - International Business Machines Corp is in an unusual fix in telling big U.S. banks they can use its Watson software of Jeopardy-winning fame as a cost-saving solution: bankers say they like it, but cannot afford it.
IBM is in a good company. Banks are in the fifth year of their belt-tightening campaigns that began in 2011, chasing billions of dollars' worth of savings, and vendors that offer everything from technology to janitorial services are getting squeezed.
This past spring, Google began feeding its natural language algorithm thousands of romance novels in an effort to humanize its “conversational tone.” The move did so much to fire the collective comic imagination that the ensuing hilarity muffled any serious commentary on its symbolic importance. The jokes, as they say, practically wrote themselves. But, after several decades devoted to task-specific “smart” technologies (GPS, search engine optimization, data mining), Google’s decision points to a recovered interest among the titans of technology in a fully anthropic “general” intelligence, the kind dramatized in recent films such as Her (2013) and Ex Machina (2015). Amusing though it may be, the appeal to romance novels suggests that Silicon Valley is daring to dream big once again.
A Franklin-based tech firm is looking to unlock troves of health care data — an effort that's won a key relationship with industry heavyweight HCA.
Digital Reasoning specializes in software that helps its clients to more easily parse troves of emails or other unwieldy receptacles of information — and without relying on the use of key words. Computers can use context to yield results similar to a person reading text could, only much faster.
Digital Reasoning is pleased to sponsor the upcoming Finance Disrupted conference hosted by The Economist, which will take place in New York City, October 13. This event will examine where collaborative strategies are most likely to succeed, provide leading examples of current efforts at collaboration and discuss lessons learned from other industries that have experienced technological disruption.
Digital Reasoning is proud to sponsor the upcoming Chief Analytics Officer Forum, which will take place in New York City, October 5-7.
The Chief Analytics Officer Forum brings over 230+ Chief Analytics Officers, Data Leaders, Senior Analytics Experts and Innovators for its inaugural event in New York.
Digital Reasoning is proud to be a sponsor of this year's AI Summit on September 28-29 in San Francisco. The AI Summit is the world's first and largest conference & exhibition to look at the practical implications of AI for enterprise organizations, the actual solutions that are transforming business productivity. Supported by the leading AI providers, including Founding Partners Amazon, Digitate, Facebook, Google, IBM Watson and Microsoft, the AI Summit San Francisco gathers 600+ business CxOs, AI start-up innovators, press/media and acclaimed researchers.
The Big Data Summit is Kansas City’s convergence of data, technology, analytics and science. For two days, a myriad of thought leaders and practitioners come together to share industry insights, trends and technologies that are shaping the future of big data. Attendees are experts in the topics of data science, data analytics and visualization, business intelligence, technology, health care, education and more.
Roger Craig, Data Scientist for Digital Reasoning, will be keynoting the event on September 15th.
There is no arguing that health care is a boon to Nashville. But through the lens of the technology industry, Nashville’s focus on the health care industry can be a barrier to progress.
For example, we’ve seen entrepreneurial resources pulled toward health care, a la Jumpstart Foundry’s health care focus and the Nashville Entrepreneur Center’s Project Healthcare. This is great for the health care industry, but reinforces the perception that health care is the only game in town.
Join us for a complimentary webinar September 8, 2016 at 2pm EDT that discusses how cognitive computing can support and enhance legacy tool investments to automate and accelerate the discovery of concealed connections, networks and events, while fostering cross platform collaboration.
Digital Reasoning is proud to sponsor the second annual DSS Industry Day and Technology Exposition, which will take place in Quantico, September 8.
Hosted by the Office of the Chief Information Officer (OCIO), this year's theme is "Streamlining and Managing Data Through Cloud and Mobile Technologies."
Cognitive computing provides the means to tap into this vast reservoir of knowledge to reveal hidden risks and behaviors. Combining natural language processing with advances in machine learning, cognitive computing provides the capability to establish continuous monitoring programs that surface anomalous indicators to detect insider threats.
Please join WTOP, Federal News Radio and Digital Reasoning for a webcast highlighting how agencies are approaching insider threat as they take steps to secure our nation.
In Robert Harris’s 2011 novel The Fear Index a secretive hedge fund builds a computer capable of making its own trading decisions.
Gobbling up information, the machine starts to confuse its human creators by building huge stakes and making a handsome profit from a market panic. As they assess the outcome, one of the protagonists notes: “The beauty of it is that it was but 0.4 per cent of total market volatility. No one will ever notice, except us.”
As markets increasingly rely on computer algorithms, reality is imitating fiction: artificial intelligence is becoming a bigger part of investing and it is also helping regulators ensure that traders do not get away with bad behaviour.
Digital Reasoning, a cognitive computing technology business, is releasing Synthesys 4, the latest version of its cognitive computing platform which includes extensive new capabilities.
Synthesys 4 delivers its analysis in the form of interactive data exploration tools as well as task-oriented intelligent assistants that reason over knowledge abstracted from data.
US company Digital Reasoning has launched Synthesys 4, the latest version of its cognitive computing platform which leverages an ensemble of technologies including machine learning, NLP, computer vision, pattern recognition and knowledge representation.
Synthesys 4 delivers its analysis in the form of interactive data exploration tools as well as task-oriented and user-friendly Intelligent Assistants that reason over knowledge abstracted from data. The result is enhanced user productivity and continuous learning from context.
Investors backed more AI companies in the first quarter of 2016 (Q1'16) than in any other quarter, according to research from venture capital analysis firm CB Insights, which supports the idea that AI is the next major revolution in computing.
In Q1'16, there were over 140 deals to startups focused on AI, CB Insights data wrote on its blog on Tuesday.
Data startup Trifacta, DNA testing startup Pathway Genomics, and cognitive computing business Digital Reasoning Systems were among the AI-powered companies that raised equity funding rounds in Q1 from investors including Goldman Sachs, Accel Partners, Greylock Partners, and the IBM Watson Group.
Data mining software used by both US intelligence agencies and large corporations just got an upgrade.
Franklin, Tenn.-based Digital Reasoning — a cognitive computing developer that has contracts with the Departments of Defense and Homeland Security, as well as the U.S. intelligence community and several allied governments — has released a new version of its software, expanding the big data analytics capabilities of several agencies.
The name of the new platform is Synthesys 4. It adds a suite of data aggregation, correlation and organization tools, among other things. The upgraded, “lighter” version will also be easier to install, requires less memory and is more user friendly, the firm claims. Company executives expect Synthesys 4 to be more widely employed by systems integrators, like Booz Allen Hamilton, than previous versions.
Big data platform vendors are increasingly focusing on churning through unstructured data, especially for text, audio and even security applications like insider threat analysis. Among the companies emerging in this industry segment is Digital Reasoning, a well-connected cognitive computing company that has helped the U.S. military track terrorists online while working with financial markets to spot insider trading.
The company, which recently expanded beyond the Capital Beltway to Nashville, rolled out the latest version of its Synthesys cognitive computing platform this week that combines machine learning, natural language processing, computer vision and pattern recognition. The combination is intended to boost the quality of unstructured data analysis while reducing the amount of time needed to get the desired results.
Being Big Brother isn't quite as glamorous as you might think.
Disheveled desks, piles of used coffee cups and the quiet hum of professional voyeurism: That's how one email surveillance industry expert described the offices at a major financial institution where low-level employees sift through a seemingly endless stream of emails automatically flagged for review.
"You didn't want to walk in there and make a noise, because it looked like anyone could crack at any second," the expert said. "The people who stare at that stuff start to get paranoid … they start getting conspiracy theories in their heads. I don't know anybody who's done it for more than two years."
With the significant increase in regulatory scrutiny on a global stage as well as the rapid growth of data – both structured and unstructured – firms today are no longer able to take a siloed approach to monitoring for market manipulation. Is is essential that they take a 360⁰ approach to surveillance to ensure they are able to more effectively triangulate and investigate potentially manipulative behaviors.
The Nashville Analytics Summit focuses on a fundamental issue in organizations today: how to effectively leverage analytics. Speakers from various industries and backgrounds will address issues of big data and analytics. Format includes a two day summit with alternating workshops and speaker presentations. Session Topics Include: Data Science, Business Intelligence, Dashboards, Reporting & Data Visualization, Data Governance, Security & Ethics, Professional Development
Digital Reasoning's Senior Data Scientist and Product Manager, John Liu is speaking on Machine Learning - The New Generation of Learning Algorithms Coming to Market.
Digital Reasoning is proud to sponsor the 2016 Department of Defense Intelligence Information Systems (DoDIIS) Worldwide Conference, which will take place in Atlanta, August 1-3rd.
Hosted by the DIA Chief Information Officer (CIO), the 2016 conference's theme, “Mission Integration at the Speed of Operations” has been designed to highlight the DIA CIO's commitment to provide rapid, integrated solutions.
Whether created maliciously or unwittingly, insider threats can result in grave damage to national security interests. Traditional methods of detection rely on monitoring information, such as system, access, facility, and print logs. The real challenge to uncovering the next insider threat is understanding behaviors and intent that often lay hidden within massive volumes of human communications, such as emails, chats, and open source documents. View the recorded webinar here.
When software at Goldman Sachs scans employee emails, it's looking for certain phrases in particular. When it finds them, it alerts human employees, who then review the messages.
What are those exact phrases, and why do they make the list? According to CNBC , which obtained a list dating back to 2008, it's more than 180 phrases long, and many of them hint at disputes or tensions between bankers and customers. Indications of insider trading and use of expletives trigger a review, too.
Our unsolicited advice: Be patient and remember what’s important
Let’s be honest for a minute: We’ve become a bit spoiled, we Middle Tennesseans.
We look around at the many construction sites and marvel at how quickly new landmarks arise, affirming that we’re still It City. We pat ourselves on the back about the number of talented people and prestigious businesses relocating here and still beam just a bit when yet another best-places ranking shows Nashville at or near its top spot.
We imagine a 21st-century corporation designed to capitalize on connected systems, data, and employees who take a more expansive view of work.
Today’s companies aren’t like yesterday’s. They can’t be—not in a world where everything and everyone is connected at little extra cost. The 21st-century corporation will be bigger than ever, faster than ever, and nimbler than its predecessors and enabled by a new Industrial Revolution. What does one look like on the inside? We imagined the perfect future company—then cracked it open to show how differently it operates.
The exchange is testing AI-based systems that analyze data about trading activity against what traders say on their corporate chat and email accounts
Nasdaq Inc. is trying to identify would-be white-collar criminals by using artificial intelligence systems originally built to track terrorists and sex traffickers. The exchange is testing systems that analyze data about trading activity against what traders say on their corporate chat and email accounts, in an effort to spot potential insider trading, market manipulation and other crimes faster and more accurately than current surveillance systems can.
Cognitive computing company Digital Reasoning has raised $40 million in Series D funding led by Lemhi Ventures and Nasdaq. Existing investors Goldman Sachs and HCA also participated.
Lemhi managing partner Tony Miller becomes joins the Digital Reasoning board as a director while Nasdaq president and COO Adena Friedman becomes an observer.
“Digital Reasoning has built an unmatched track record of helping our customers solve their most challenging problems across industries with a leading enterprise cognitive computing platform and intelligent assistants for key customer use cases,” CEO Tim Estes said. “This latest funding round accelerates continued innovation by enabling us to implement state-of-the-art Deep Learning technology into all of our offerings, deliver the world’s leading holistic surveillance solution in partnership with Nasdaq, add talented team members to pursue life saving analytics in health care with HCA and others, and drive novel Data Science initiatives at the world’s most valuable companies.”
MedCity CONVERGE is a two-day executive summit that gathers innovative thought leaders from across all healthcare sectors to provide actionable insight on where medical innovation is heading. Now in its fifth year, CONVERGE 2016 will discuss the leading trends, share best practices and showcase the most promising startups among some of the industry’s most innovative companies.
Digital Reasoning's president of health care, Hal Andrews, will be participating in a breakout session titled Data Driven Demos.
Digital Reasoning Systems Inc., which formed in 2000 and initially provided its cognitive-computing software to U.S. defense and intelligence customers, has raised $40 million amid an expansion of business into other markets.
Lemhi Ventures and Nasdaq Inc. are leading the Series D round, which also included prior investors Goldman Sachs Group and HCA Holdings. The company has raised $75 million in total. Digital Reasoning technology enables clients to use data to detect potential threats. Clients don’t have to provide their data to Digital Reasoning. Instead, the company provides them with software that they can apply to their data.
Cognitive computing venture’s Series D tops out at $40M
Minnesota-based Lemhi Ventures has invested an undisclosed amount in Digital Reasoning Systems, the cognitive computing company that a few months ago bought fellow local company Shareable, where Lemhi had been a lead investor.
Digital Reasoning executives said health care-focused Lemhi’s investment brings their Series D funding round to $40 million. Other big names to have put their money into the company include Nasdaq, Goldman Sachs and HCA. Those investments are helping Digital Reasoning expand its services beyond its defense intelligence roots into the financial services and health care sectors.
Franklin-based cognitive computing company Digital Reasoning has closed a $40 million Series D round, a significant investment for one of Nashville's few tech companies that grew up outside the health care industry.
The round ( half of which was reported in early February) now comes as the company embraces health care, and includes a $5 million investment from the venture arm of Nashville-based hospital giant HCA Holdings. It was led by Lemhi Ventures, a Minnesota-based firm whose most notable Nashville investment to date was in Shareable Ink(later changed to Shareable), a health-tech firm purchased by Digital Reasoning earlier this year.
Cognitive computing company Digital Reasoning has closed a $40 million round of Series D venture capital that includes some big names in private equity and healthcare.
Lemhi Ventures and Nasdaq led the round. They were joined by previous investors Goldman Sachs and Hospital Corp. of America.
Nashville, Tennessee-based Digital Reasoning said it would use the new cash, in part, to expand its R&D in data science and analysis of audio and video across the three verticals it operates in: healthcare, government and finance/general enterprise.
Investment to accelerate R&D in advanced audio and image analysis, data science and new solutions across Enterprise, Government, and Health Care
NASHVILLE, TN, May 3, 2016 - Digital Reasoning, a leader in cognitive computing technology, announced today that it has raised $40 million in Series D funding, led by Lemhi Ventures and Nasdaq, joined by existing investors Goldman Sachs and HCA. As a result, Tony Miller, managing partner at Lemhi Ventures, will join Digital Reasoning’s board as a director, and Adena Friedman, President and COO at Nasdaq, will join Digital Reasoning’s board as an observer.
The investment recognizes the transformative impact of cognitive computing technology on life, business and the global economy. Technological advances in learning algorithms are disrupting traditional software markets, making it possible for companies like Digital Reasoning to create valuable new tools for knowledge workers and data scientists across key industry sectors that enhance customer outcomes, prevent or reduce criminal behaviors and change the way illnesses are diagnosed and treated.
Digital Reasoning is proud to sponsor the upcoming Chief Data Officer Forum (Government), which will take place in New York City, June 22-23rd. Matthew Russell, Chief Technology Officer at Digital Reasoning, will lead a discussion group on “Insights from Unstructured Data – Delivering Value and Achieving Outcomes from Big Data”.
The Chief Data Officer Forum, Financial Services brings over 100 CDOs, CAOs, and other data leaders from leading global and national financial institutions.
Learn more about how Digital Reasoning can work for you by exploring our case studies, white papers and additional resources.
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