Expert.ai unveils the first-ever “NL & Text Analytics API” to make scaling AI-based natural language apps easy

Expert.ai is a Rockville, Maryland-based tech startup that helps organizations understand their information and data through its artificial intelligence platform for Natural Language (NL) understanding. Expert.ai’s unique hybrid approach to NL combines symbolic human-like comprehension and machine learning to transform language-intensive processes into practical knowledge, providing the insight required to improve decision making throughout organizations.

Today, Expert.ai announced the availability of commercial options for its NL API. Powered by expert.ai technology, which mimics the human ability to understand language and complex textual information, the Expert.ai NL API provides advanced linguistic analysis out of the box, so developers and data scientists can reduce development costs and increase productivity while optimizing their natural language processing (NLP) applications.

The introduction of the commercial offering builds upon the previously released freemium model to give users the ability to expand their usage of the expert.ai NL API and scale their apps, either standalone or embedded into an enterprise’s existing AI processes, by supporting larger volumes of data.

Formerly known as Expert System, the company was founded in 1989 by Marco Varone, Paolo Lombardi, and Stefano Spaggiari. Late last year, it rebranded to become Expert.ai. The rebrand highlights the company’s vision to redefine what is possible in extracting value from language to make the most of the information.

“Making our technology available to a broader audience via an API opened new opportunities for a wide variety of use cases that require natural language understanding,” said Marco Varone, CTO of expert.ai. “We are fully committed to continue supporting free tiers of our AI functionalities while offering commercial options to seamlessly support larger information-intensive projects with the highest level of speed and accuracy that only advanced NL capabilities can offer.”

Expert.ai NL API features include linguistic analysis tools, embedded taxonomies for classification, and sentiment analysis. By resolving complexity associated with language, it streamlines the development of apps that rely on and process natural language content and unstructured data (contracts, internal database, news articles, academic papers, customer service emails, insurance policies, medical reports, etc.) that typically is either not analyzed because it is inefficient or is analyzed manually which is expensive.

Examples of use cases, that can be easily scaled with the NL API, include:

• Categorizing articles based on topics
• Improving search indexing and results
• Analyzing sentiment in emails
• Extracting information, entities, concepts, and events from any unstructured text (documents, emails, articles, etc.)

Expert.ai NL API commercial availability debuts with the first-ever “Natural Language & Text Analytics API” hackathon offering the chance to build an artificial intelligence app using the Expert.ai NL API – leveraging the unique power of expert.ai’s knowledge graph and disambiguation.

There is no entry fee for the hackathon. The submission period runs through February 22, 2021. Winners will be announced on March 15, 2021, with prizes worth a total of $10,000, including: $5,000 for 1st place; $2,500 for second place; $1,000 for 3rd place; and three $500 honorable mention prizes.

“We are very excited to host our first hackathon” said expert.ai Andrea Belli, Head of R&D at Expert.ai. “We see the great potential of our NL API in offering a more accessible and easier way to power new AI apps with advanced capabilities unlocking the value of language. We look forward to interacting with all skill levels and teams taking on their unstructured data challenges and identifying new ways to improve their workflows.”

Expert.ai is the premier artificial intelligence platform for language understanding. Its unique hybrid approach to NL combines symbolic human-like comprehension and machine learning to transform language-intensive processes into practical knowledge, providing the insight required to improve decision making throughout organizations.

By offering a full range of on-premise, private, and public cloud offerings, expert.ai augments business operations, accelerates and scales data science capabilities, and simplifies AI adoption across a vast range of industries including Insurance, Banking & Finance, Publishing & Media, Defense & Intelligence, Life Science & Pharma, Oil Gas & Energy, and more.

The Expert.ai brand is owned by Expert System (EXSY:MIL), which has cemented itself at the forefront of natural language solutions, and serves global businesses such as AXA XL, Lloyd’s of London, Zurich Insurance Group, Generali, Bloomberg BNA, BNP Paribas, Rabobank, Dow Jones, Gannett, IMF, and EBSCO.