NEW YORK, July 18, 2016 /PRNewswire/ -- Arria NLG
(LSE: NLG) Arria NLG plc (AIM: NLG), a technology leader in the
development and deployment of Natural Language Generation ("NLG"),
is pleased to announce that it has recently secured two paid pilot
programs from within the financial service industry for its NLG
software technology.
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One program concerns automating internal reporting for a large
North American bank, and the other is providing summarized
portfolio performance reports for the clients of a US brokerage and
banking corporation. Both pilot programs are expected to
transition into recurring revenue licensing agreements upon
successful completion of the pilot.
The directors of Arria NLG believe the demand for NLG
applications continues to increase as the need for businesses to
implement an AI strategy becomes apparent.
Stuart Rogers, Chairman and
Chief Executive of Arria NLG, commented: "Arria NLG's
engagement with global organizations to assess incorporating our
NLG technologies into their business applications continues to
accelerate and we are delighted to have secured these two new
clients."
"There are enormous and ever-growing data sets about finance, as
well as many other critical business segments, creating vast
analytical challenges to businesses. These data sets can be mined
for insights that have the potential to radically change and
improve the value and timeliness of a company's core
information. These new client engagements illustrate the
growing potential of using NLG in business. In addition, as
Arria NLG continues to gain new clients to its platform
technologies, our company is nearing release of two new offerings,
one in the Software as a Service (SaaS) space involving providing
CFO-level financial narrative insights to third-party accounting
packages, and the other in the form of a software developer's
toolkit (SDK)."
Arria NLG
Arria NLG's core product is known as the Arria NLG Platform, a
form of artificial intelligence software specialized in extracting
information from complex data sources and communicating that
information in natural language (i.e. as if written by a human).
The scientific foundation for the Arria NLG Platform is based on
more than 30 years of research and development by the founders of
Arria Data2Text Limited at the University of
Aberdeen.
Media Contact: Sharon Daniels +1
973-820-7005
Sharon.daniels@arria.com