May 19, 2020

IBM Watson advances natural language processing technology

Technology
Digital Transformation
Artificial Intelligence
language
Brittany Hill
2 min
IBM Watson advances natural language processing technology

Leading provider of artificial intelligence for businesses - IBM Watson - announces new natural language processing (NLP) technologies.

The new technology is the first commercialisation of natural language processing (NLP) capabilities to come from IBM Research’s Project Debater, “the only AI system capable of debating humans on complex topics.”

IBM Watson’s new technology has been designed to help organisations to identify, understand and analyse some of the challenging aspects of the english language, driving increased clarity and improving insights. 

To create a more holistic understanding of business operations, a new feature for IBM Watson includes the abi;lity to define, identify and analyse idioms and colloquialisms for the first time. Another feature includes the ability to understand business documents such as PDF’s and contracts. 

SEE ALSO:

Over the next year, IBM plans to integrate the Project Debater technology throughout Watson focusing on three core areas:

Analysis

Using advanced sentiment analysis, the technology will be able to identify and understand complicated word schemes, as well as improving the technology’s understanding of business documentation.

Briefs

By pulling textual data from multiple sources this technology will provide users with a summary of what is being said and written about a particular topic to provide deeper contextual understanding, which will be known as summarisation.

Clustering

Building on insights from the Project Debater, advanced topic clustering techniques will enable users to cluster incoming data to create meaningful ‘topics’ which can be analysed. The technology will also allow for manipulation in order to fine tune ‘topics’ to reflect specific language.

"Language is a tool for expressing thought and opinion, as much as it is a tool for information," said Rob Thomas, General Manager, IBM Data and AI. "This is why we're harvesting technology from Project Debater and integrating it into Watson – to enable businesses to capture, analyze, and understand more from human language and start to transform how they utilize intellectual capital that's codified in data."

For more information on business topics in the United States, please take a look at the latest edition of Business Chief USA.

Follow Business Chief on LinkedIn and Twitter.

Share article

Jun 18, 2021

Intelliwave SiteSense boosts APTIM material tracking

APTIM
Intelliwave
3 min
Intelliwave Technologies outlines how it provides data and visibility benefits for APTIM

“We’ve been engaged with the APTIM team since early 2019 providing SiteSense, our mobile construction SaaS solution, for their maintenance and construction projects, allowing them to track materials and equipment, and manage inventory.

We have been working with the APTIM team to standardize material tracking processes and procedures, ultimately with the goal of reducing the amount of time  spent looking for materials. Industry studies show that better management of materials can lead to a 16% increase in craft labour productivity.

Everyone knows construction is one of the oldest industries but it’s one of the least tech driven comparatively. About 95% of Engineering and Construction data captured goes unused, 13% of working hours are spent looking for data and around 30% of companies have applications that don’t integrate. 

With APTIM, we’re looking at early risk detection, through predictive analysis and forecasting of material constraints, integrating with the ecosystem of software platforms and reporting on real-time data with a ‘field-first’ focus – through initiatives like the Digital Foreman. The APTIM team has seen great wins in the field, utilising bar-code technology, to check in thousands of material items quickly compared to manual methods.

There are three key areas when it comes to successful Materials Management in the software sector – culture, technology, and vendor engagement.

Given the state of world affairs, access to data needs to be off site via the cloud to support remote working conditions, providing a ‘single source of truth’ accessed by many parties; the tech sector is always growing, so companies need faster and more reliable access to this cloud data; digital supply chain initiatives engage vendors a lot earlier in the process to drive collaboration and to engage with their clients, which gives more assurance as there is more emphasis on automating data capture. 

It’s been a challenging period with the pandemic, particularly for the supply chain. Look what happened in the Suez Canal – things can suddenly impact material costs and availability, and you really have to be more efficient to survive and succeed. Virtual system access can solve some issues and you need to look at data access in a wider net.

Solving problems comes down to better visibility, and proactively solving issues with vendors and enabling construction teams to execute their work. The biggest cause of delays is not being able to provide teams with what they need.

On average 2% of materials are lost or re-ordered, which only factors in the material cost, what is not captured is the duplicated effort of procurement, vendor and shipping costs, all of which have an environmental impact.

As things start to stabilise, APTIM continues to utilize SiteSense to boost efficiencies and solve productivity issues proactively. Integrating with 3D/4D modelling is just the precipice of what we can do. Access to data can help you firm up bids to win work, to make better cost estimates, and AI and ML are the next phase, providing an eco-system of tools.

A key focus for Intelliwave and APTIM is to increase the availability of data, whether it’s creating a data warehouse for visualisations or increasing integrations to provide additional value. We want to move to a more of an enterprise usage phase – up to now it’s been project based – so more people can access data in real time.

 

Share article