AntWorks, a global provider of artificial intelligence and intelligent automation solutions powered by fractal science, today announced an exclusive partnership with the SEED Group, a member of The Private Office of Sheikh Saeed bin Ahmed Al Maktoum. The partnership will support expansion of intelligent automation within the Middle East (ME), a region where AI is expected to become a US$320 billion by 2030. The SEED Group establishes groundbreaking companies with a strong presence in the Gulf Cooperation Council (GCC) and will work with AntWorks to offer ethical AI solutions for GCC companies with ANTsteinTM SQUARE, the world's first and only Integrated Automation Platform (IAP), powered by fractal science. AntWorks seek to replicate its success across Asia, the UK and US, where the organisation has automated entire business processes end-to-end for many clients across the BFSI (Banking, Financial Services and Insurance), transportation, logistics and public sector, among others. With successful adoption of AntWorks' IAP solution, businesses will stand to save millions and realise increased performance and efficiency by automating and processing business data, including unstructured data, which will make up 80% of the world's data by 2025.
Singapore on October 13 / PRNewswire / – AntWorks (TM), a global artificial intelligence and intelligent automation based on fractal science solution, today announced the Intelligent Automation Software Technology Innovation Award from the global market research firm Frost & Sullivan. The award recognizes the most innovative industry leaders in various markets. A global team of analysts and consultants across the value chain perform extensive primary and secondary market surveys. In light of the sweeping market success of its integrated automation platform ANTstein (TM) Square, Frost & Sullivan's AntWorks has become a leader in innovative technologies in the field of intelligent automation industry. The intelligent automation platform, based on fully automated processes, uses state-of-the-art technologies such as Cognitive Machine Reading (CMR) and Fractal Science to help organizations streamline their business processes and address key business challenges.
AntWorks is a global, artificial intelligence (AI) and intelligent automation (IA) company that creates new possibilities with data through digitization, automation, and enterprise intelligence. As the world's only integrated intelligent automation platform (IAP), powered by fractal science principles and pattern recognition, ANTstein digitises every type of data for forward-thinking companies looking to achieve straight-through processing. Asheesh Mehra, Co-founder and Group CEO, AntWorks, tells us more. Asheesh Mehra: Today, automation of business processes has moved from being a nice-to-have to a necessity. Analyst firm, Forrester, predicted that business process automation can cut operating costs by up to 90%.
Even after years of experience, senior underwriters can still spend a large part of their day doing the administrative tasks that they were taught early in their careers. AntWorks, a global artificial intelligence (AI) and intelligent automation company, can transform the way they spend their time. "All the rules and learning are completely discoverable, addressing concerns often held about AI and RPA technologies." "In your first weeks of work you may have been trained to recognise insurance slips and documents that brokers might present to you as an underwriter," said Mike Hobday, AntWorks' senior vice president for Europe. "You would be trained to understand the data you need to extract, to think about the standing of the broker and the nature of the risks. You might even make some calculations and underwrite the offered risk by entering data into the core systems of the business. "As a very senior and experienced underwriter, there might still be a large part of your day spent doing the administration you were taught in those earlier days.
AntWorks, a provider of artificial intelligence (AI) and automation products and solutions, on Monday said that it has raised $15 million from Japanese venture capital firm SBI Investment in a series A funding round. The company did not disclose the valuation of the deal and other transactional details. The Singapore-headquartered company pointed out that the funding will be utilised to fuel its growth plans across product offerings, strengthening its research and development (R&D) base, ramping up its marketing and sales channel, and foraying into newer markets. SBI Investment, a subsidiary of financial-services company SBI Holdings, will also form a joint venture with AntWorks to expand its base and tap into the emerging AI market in South-East Asia. AntWorks was founded by former vice-president and head of Infosys BPO for Asia Pacific, Asheesh Mehra along with Govind Sandhu in 2015.