Today, artificial intelligence (AI) companies Evisort and Linguistic Systems, Inc. (LSI) announced a partnership combining their cloud-based document analytics and translation technologies to help global organizations analyze contracts and business documents in 120 languages. Collectively, Evisort and LSI research technologies have analyzed millions of documents, bringing more than 50 years of deep-domain expertise translation to their clients including most of the Fortune 100 companies and AmLaw 100 law firms.
Historically, machine learning advances have been made primarily in native English. The Evisort/LSI partnership effectively extends machine learning breakthroughs to include content in 120 other languages, thereby illuminating global companies dark data to enable a more comprehensive data analysis.
Artificial intelligence specifically designed for contracts is a nascent and booming industry that Evisort has pioneered and developed with great success. Evisort allows corporate in-house attorneys, supply chain, and other professionals to leverage AI to seek patterns in contract data automatically using content analysis algorithms. Evisort is backed by leading venture capitalists including Amity Ventures and Village Global which has investors like Jeff Bezos, Mark Zuckerberg, and Bill Gates.
LSI embeds its expert Ai Translate language translation platform into Evisorts data analysis process. First, a non-English contract is converted from a scanned PDF into Microsoft Word. Then the contract is translated into English using LSIs proprietary machine translation technology. The document is analyzed by Evisorts artificial intelligence engine. The customer can then easily search across thousands of documents in multiple languages, sorting documents by legal terms, pricing, people mentioned, and other important fields.
Evisorts partnership with LSI introduces crucial, high-quality language translation to complement deep machine learning and analysis. Together, Evisort and LSI create an end-to-end business solution that brings tremendous value to our clients, said Amine Anoun, Co-founder and Chief Technology Officer of Evisort.
Business intelligence is exponentially important for companies as they scale internationally, track and report on data, and face fierce competition. To meet these complex challenges, corporations must embrace rapidly-evolving technology to proactively quantify and manage global compliance and other risks. This exciting and elegant AI-driven solution from LSI and Evisort provides an unprecedented level of control for our clients, commented Jean-Paul Fandel, Vice President, Language Service Programs for LSI.
Evisort (www.evisort.com) is a startup founded in 2016 by Harvard Law and MIT researchers to develop artificial intelligence (AI) algorithms to help companies mine contracts for data. Evisorts AI understands meaning and context in legal language, virtually eliminating the need to read contracts. Evisort has offices in Boston and Silicon Valley.
Linguistic Systems, Inc. LSI (www.linguist.com) is a Boston-based premier translation services company with advanced machine translation technology and a network of 7,500 translation professionals. LSI offers 6 quality translation options, cutting-edge NMT (Neural Machine Translation) technology, and has 50 years of deep expertise.