The Cornerstone of Data Science: Progressive Data Modeling

From AI Business June 27, 2018

This article covers Single Schema, Universal Taxonomies, Time Series Analysis, Accelerating Data Science and features some thought leadership from Franz Inc.’s CEO, Jans Aasman:

‘Contemporary data science and artificial intelligence requirements simply can’t wait for this ongoing, dilatory process. According to Jans Aasman, CEO of Franz, they no longer have to. By deploying what Aasman called an “events-based approach to schema”, companies can model datasets with any number of differences alongside one another for expedited enterprise value.’

‘The resulting schema is simplified, uniform, and useful in multiple ways. “You achieve two goals,” Aasman noted. “One is you define what data you trust to be in the main repository to have all the truth. The second thing is you make your data management a little more uniform. By doing those two things your AI and your data science will become better, because the data that goes into them is better.”’

Dr. Aasman goes on to note:

‘The events-based schema methodology only works with enterprise taxonomies—or at least with taxonomies spanning the different sources included in a specific repository, such as a Master Data Management hub. Taxonomies are necessary so that “the type of event can be specified,” Aasman said.’

‘Moreover, taxonomies are indispensable for clarifying terms and their meaning across different data formats, which may represent similar concepts in distinct ways. Therefore, practically all objects in a database should be “taxonomy based” Aasman said, because these hierarchical classifications enable organizations to query their repositories via this uniform schema.’

Read the full article over at AI Business.



How AI Boosts Human Expertise at Wolters Kluwer

Wolters Kluwer, a long time AllegroGraph customer, recently spoke with Alex Woodie at Datanami to describe how they are using AI tools such at AllegroGraph:

Thousands of companies around the world rely on Wolters Kluwer’s practice management software to automate core aspects of their businesses. That includes doctor’s offices that use its software make healthcare decisions in a clinical setting, corporate law offices that use its software to understand M&A activities, and accounting firms that use its software to craft tax strategies for high net-worth clients.

Wolters Kluwer is embedding a range of AI capabilities – including deep learning and graph analytics — across multiple product lines. For example, its Legalview Bill Analyzer software helps to identify errors in legal bills sent from outside law firms to the corporate counsels of large companies. The typical recovery rate for people reviewing bills manually is 1% to 2%. By adding machine learning technology to the product the recovery rate jumps to 7% to 8%, which can translate into tens of millions of dollars.

Wolters Kluwer is using graph analytic techniques to accelerate the knowledge discovery process for its clients across various professions. The company has tapped Franz‘s AllegroGraph software to help it drive new navigational tools for helping customers find answers to their questions.

By arranging known facts and concepts as triples in the AllegroGraph database and then exposing those structures to users through a traditional search engine dialog box, Wolters Kluwer is able to surface related insights in a much more interactive manner.

“We’re providing this live feedback. As you’re typing, we’re providing question and suggestions for you live,” Tatham said. “AllegroGraph gives us a performant way to be able to just work our way through the whole knowledge model and come up with suggestion to the user in real time.”

Read the full article over at Datanami.