Digital Reasoning was named to the 2018 Fast Company Most Innovative Companies in Artificial Intelligence list for our work in combating human trafficking with our partner Thorn.
Fast Company's 2018 Most Innovative Companies recognize pioneering companies across 36 categories, from consumer electronics to artificial intelligence to wellness. More than three dozen Fast Company editors, reporters, and contributors surveyed thousands of companies—many of which were identified by a new MIC submission process—to create these lists.
Most Innovative Companies is Fast Company's signature franchise and one of its most highly anticipated editorial efforts of the year. It provides both a snapshot and a road map for the future of innovation across the most dynamic sectors of the economy. "This year's MIC list is an inspiring and insightful window into how many companies have embraced innovation and are working to make meaningful change," said Fast Company deputy editor David Lidsky, who oversaw the issue with senior editor Amy Farley.
Big banks have been beefing up their compliance efforts in recent years, hoping to both appease regulators and avoid another financial crisis (not to mention damaging lawsuits due to unsavory trading activity). But most financial institutions' attempts to catch wrongdoing are reactionary—by the time analysts or algorithms have flagged something as suspicious, the deed has already been done. Digital Reasoning's goal is to stop rule-breaking before it happens. Its cognitive computing software, Synthesys, does this by emulating human learning processes and applying them to the data it evaluates, putting it into context. A suspicious email won't just be tagged—Synthesys will also take into account previous correspondence, as well as current events that may be relevant. As a result, the technology is able to detect someone's intentions and prevent crimes before they happen. Digital Reasoning has been working with the federal government and applying its software to military and counterterrorism intelligence efforts for more than a decade, but in the past few years, it realized it could also be beneficial to Wall Street behemoths. As its software continues to improve—it trained the largest neural network to date in July 2015, with 160 billion parameters, beating Google's record of 11.2 billion—the company has plans to apply its technology to other areas, including financial markets, healthcare, and energy. One such application has been the fight against sex trafficking. Digital Reasoning partnered with anti-human trafficking organization Thorn to create its Spotlight software, which sifts through internet ephemera and can point out instances of trafficking. The system has helped find a reported 6,000 trafficking victims, including 2,000 children, in a 12-month period, and will soon be available in Europe and Canada.
You can see the full list and learn more here on Fast Company's website.