Gartner mentions Altilia in its 1st market guide on Intelligent Document Processing

Altilia recognized at the Milan “Salone dei Pagamenti” event for AI innovations in ESG and Credit Management.

By altilia on November 29, 2022

From November 23rd to 25th 2022, Altilia participated in the “Salone dei Pagamenti” event in Milan. Promoted by ABI (Italian Banking Association) in collaboration with Banca d’Italia and Fintech Milano Hub. The event is a national reference point in the payments sector and for innovation in the Italian banking industry.

During the event, the project developed by Altilia, was recognized by Banca d’Italia among the 10 best innovative projects selected as part of the “Call for Proposals 2021” for innovative applications of AI technologies in banking.

The project, made collaboration with the ItaliaFintech Association, the Chiomenti law firm (as legal partner) and with the participation of Prometeia (as partner/user ), is an AI application in the field of ESG investments, aimed at facilitating banks in the process of corporate sustainability risk assessment and corporate sustainability goals assessment.

In particular, the project aims at automating the information gathering processes from different sources and documents (such as financial statements, sustainability reports and corporate websites) and, leveraging advanced Document Understanding and Natural Language Processing (NLP), provide automatic text comprehension and classification to create highly detailed ESG company profiles. These profiles can then be used by banks to monitor the evolution of ESG goals and risks over time and integrate the information to enhance their lending application procedures.

With the Altilia Intelligent Automation platform, users can directly train AI models to recognize the target data of interest. Using a no-code interface users can create a set of annotated document examples, and, with a sufficient number of examples, the algorithm becomes autonomous in recognizing the target data. The final results can be either stored in the platform or exported to be leveraged by other applications like CRM systems or customer’s databases. Thanks to this connectivity it is possible to automate the creation of detailed ESG report and risk scores.

With the proposed solutions banks can obtain up to an 80% reduction of the manual work required for ESG profiling, uplifting employees from all the repetitive tasks related to document reading and information extraction, and accelerating ESG profile generation speed by up to 10 times. In addition, the resulting profiles are more detailed and complete, with an accuracy score (F-score) of 95%.

At the closure of the “Salone dei Pagamenti” event, the project has been presented to Bank of Italy’s Governor Ignazio Visco, who directly met the awarded teams, and congratulated with Massimo Ruffolo, founder and CEO and of Altilia.

If you want to learn more, here you can find more information about AI applications for ESG in credit management.

By altilia on November 29, 2022

Explore more stories like this one

Leveraging GPT and Large Language Models to enhance Intelligent Document Processing

The rise of Artificial Intelligence has been the talk of the business world since the emergence of ChatGPT earlier this year. Now executives around the world find themselves in need of understanding the importance and power of Large Language Models in delivering potentially ground-breaking use cases that can bring greater efficiency and accuracy to mundane tasks. Natural Language Generation (NLG) enables computers to write a human language text response based on human generated prompts. What few understand is that there is still a deep flaw in the ChatGPT technology: up to 20-30% of all results have inaccuracies, according to Gartner. What Gartner have found is that ChatGPT is “susceptible to hallucinations and sometimes provides incorrect answers to prompts. It also reflects the deficiencies of its training corpus, which can lead to biased or inappropriate responses as well as algorithmic bias.” To better understand this, it’s key to consider how LLMs work: hundreds of billions of pieces of training data are fed into the model, enabling it to learn patterns, associations, and linguistic structures. This massive amount of data allows the model to capture a wide range of language patterns and generate responses based on its learned knowledge. However, as vast training data can be, the model can only generate responses as reliable as the information it has been exposed to. If it encounters a question or topic that falls outside the training data or knowledge cutoff, responses may be incomplete or inaccurate. For this reason, and to better understand how best to use LLMs in enterprise environments, Gartner outlined a set of AI Design Patterns and ranked them by difficulty of each implementation. We are delighted to share that Altilia Intelligent Automation already implements in its platform two of the most complex design patterns: LLM with Document Retrieval or Search This provides the potential to link LLMs with internal document databases, unlocking key insights from internal data with LLM capabilities This provides much more accurate and relevant information, reducing the potential for inaccuracies due to the ability to the use of retrieval. Fine-tuning LLM The LLM foundation model is fine-tuned using transfer learning with an enterprise’s own documents or particular training dataset, which updates the underlying LLM parameters. LLMs can then be customized to specific use cases, providing bespoke results and improved accuracy. So, while the business and technology world has been getting excited by the emergence of ChatGPT and LLMs, Altilia has already been providing tools to enterprises to leverage these generative AI models to their full potential. And by doing so, thanks to its model’s fine-tuning capabilities, we are able to overcome the main limitation of a system like OpenAI’s ChatGPT, which is the lack of accuracy of its answers. For more information on how Altilia Intelligent Automation can help your organization, schedule a free demo here.

Read more

How to use AI to discover the hidden meaning in complex documents

Welcome to our third blog of a series uncovering the key components of Artificial Intelligence to provide greater understanding for business leaders who may currently have FOMO (Fear Of Missing Out) from the blizzard of acronyms and hype. Here, we look at Computer Vision, one of the main applications of AI where computers can be made to gain high-level of understanding from digital images or videos. Critically, Computer Vision is concerned with automatic extraction of data, enabling documents that have handwriting and random layouts to become machine-readable. Huge data volumes Computer Vision needs a lot of data to be able to distinguish and recognize images. In a way, it looks like a jigsaw puzzle where you assemble all the scattered tiles to make an image. Neural networks for CV work on the same principle. Yet the computer does not have the final image, but it is fed hundreds, if not thousands of related images that train it to recognize specific objects. To identify a cat, the computer would not be shown individual elements such as ears, whiskers, tail etc, but millions of pictures of cats so that it can model the features of our feline friends. CV is used for visual surveillance, medical image processing for patient diagnosis and navigation by autonomous vehicles. But in Altilia’s development of Intelligent Document Processing (IDP), CV has several key roles to play. With Optical Character Recognition (OCR) and Intelligent Character Recognition (ICR), we are able to convert scanned documents into machine-readable PDFs and with Handwritten Text Recognition (HTR) are incorporate items such as signatures. End goal The end goal of an IDP solution is to extract meaningful information that are “hidden” in unstructured texts and documents, so we need to first break words down in a way that a machine can understand. This is especially relevant when the documents that need to be processed are (low quality) scans such as contracts, forms, invoices or ID cards. We then need to apply OCR to recognize both printed and handwritten text, using smaller units called tokens. To each token is added metadata, which is useful later in a search engine. In IDP, it is useful to distinguish a photo from text and to tag elements such as signatures, stamps and markings, saving human labor time by automating checks such as whether a contract is signed and marked. Finally, we focus on document layout analysis so that unsorted documents can be classified and then we can apply different machine learning algorithms and branch out different ML pipelines. These core capabilities allow Altilia’s solution to work as a general purpose platform, rather than a point solution for specific document types and formats. We have also developed a patented solution for document layout analysis. For more information on how Altilia Intelligent Automation can help your organization, schedule a free demo here.

Read more

How Machine Learning works - and what it means for your organization

In our second blog of this series, where we unlock the lexicon of Artificial Intelligence for business leaders currently being overwhelmed by the hype of ChatGPT, we will focus on Machine Learning (ML). What is Machine Learning? People throw the terms machine learning and AI together and interchangeably, but they don’t mean the same thing. ML is a subset of AI that uses computers to learn or improve performance based on the data they use. It’s a fascinating concept, straight out of science fiction: a computer uses algorithms to learn from the data provided. The more it develops, the more it learns: the more data it is fed, the better it gets. It is where the concerns come that computers can become “more intelligent” than their human masters. The reason ML has become more successful and prominent in the past decade, is the growth in volume, variety and quality of both public and privately-owned data, the availability of cheaper and more powerful data processing and storage capabilities. Essentially ML models look for patterns in data and draw conclusions, which is then applied to new sets of data. They are not explicitly directed by people, as the machine learning capabilities develop from the data provided, particularly with large data sets. The more data used, the better the results will be. So, where AI is the umbrella concept of enabling a machine to sense, reason or act like a human, ML is an AI application that allows computers to extract knowledge from data and learn from it autonomously. How to train ML models The key to machine learning (as much else in life) is training. ML computers need to be trained with new data and algorithms to obtain results. Three training models are used in machine learning: Supervised learning maps in a specific input to an output using labelled/structured training data. Simply, to train the algorithm to recognize pictures of cats, it feeds it labelled pictures of cats. Unsupervised learning is based on unstructured (unlabelled) data, so that the end result is not known in advance. This is good for pattern matching and descriptive modelling. For example, Altilia uses Large Language Models (LLMs) as its foundation, which are trained on huge datasets using unsupervised learning. Reinforcement learning can be described as “learn by doing”. An “agent” learns to perform a task by feedback loop trial and error until it performs within the desired range, receiving positive and negative reinforcement depending on its success. Altilia often uses Human-in-the-Loop (HITL) reinforced learning in its Altilia Review module. Transfer learning enables data scientists to benefit from knowledge gained from a previous model for a similar task, in the same way that humans can transfer their knowledge on one topic to a similar one. It can shorten ML training time and rely on fewer data points. Altilia uses this technique to fine-tune pre-trained Large Language Models (LLMs) on a dataset provided by the client. We will focus on LLMs in a future blog. Why not schedule a demo with Altilia to learn more about how we can help transform your organization? Click here to register. 

Read more