Evolution AI

Evolution AI is a fantastic company that excels in advanced data extraction technologies. Their approach uses generative AI to pull data from complex documents without needing predefined rules or coding, making it stand out in the industry.

Key Features

Generative AI and Zero Shot Learning

Evolution AI''s generative AI technology allows for efficient data extraction from complex documents. The company''s revolutionary ''zero shot'' algorithm enables users to extract data without lengthy training or configuration. This algorithm can transfer understanding from previously seen training examples to completely new tasks, adapting quickly to process various documents.

Self Learning and Quality Assurance

The AI model improves over time as users correct errors, ensuring it never repeats the same mistake. This self learning mechanism automatically enhances accuracy without requiring a cumbersome training stage. The self learning model quickly improves accuracy to over 90% after processing just 25 documents, reaching 98% accuracy after seeing 200 documents.

Evolution AI also provides a comprehensive Quality Assurance (QA) workflow to ensure high quality data. The system includes annotation interfaces and monitoring dashboards, allowing users to choose the level of human oversight for each document.

Benefits

The AI model improves over time as users correct errors, ensuring it never repeats the same mistake. This self learning mechanism automatically enhances accuracy without requiring a cumbersome training stage. The self learning model quickly improves accuracy to over 90% after processing just 25 documents, reaching 98% accuracy after seeing 200 documents.

Use Cases

Swiss Asset Manager, Unigestion

Evolution AI''s technology helped Unigestion save 75% of the costs associated with data extraction from quarterly reports. The accuracy of the data extraction was comparable to human data extraction, showcasing the effectiveness of Evolution AI''s solutions.

NatWest

Evolution AI successfully extracted accurate data from supplier invoices for NatWest, reducing the extraction time from 24 hours to just a few seconds. This case study highlights the efficiency and speed of Evolution AI''s data extraction capabilities.

Funding

The company has received the UK Government''s largest ever grant for commercial AI research and development, followed by further substantial awards in 2019 and 2020.

Reviews/Testimonials

Evolution AI has been recognized for its game changing potential in the AI industry. In 2017, the company received the UK Government''s largest ever grant for commercial AI research and development, followed by further substantial awards in 2019 and 2020. The company has won several notable industry awards, including Leading Innovator in Data Extraction Europe at the Fintech Awards 2021, Credit Strategy''s ''Best Technology Partner'' (2023), AI Breakthrough Awards'' ''Best Machine Learning Company'' (2024).