LexisNexis Authorized & Skilled launched its AI-powered analysis device, Nexis+ AI, on Wednesday (July 17). The platform goals to remodel how firms collect and analyze crucial enterprise data, leveraging generative synthetic intelligence (AI) to sift via huge quantities of information at unprecedented speeds.
The launch comes as companies throughout industries grapple with data overload, searching for to extract actionable insights from an ever-growing information deluge. Nexis+ AI claims to deal with this problem with options comparable to fast analysis evaluation, doc summarization, and automatic report technology.
“Enterprise leaders throughout almost each business inform us they want deeper, extra correct insights to raised facilitate well timed selections, however they discover the quantity of company information daunting and the method time consuming,” Todd Larsen, president of Nexis Options, mentioned in a information launch.
On the coronary heart of Nexis+ AI’s providing is a repository of licensed content material, together with over 20,000 titles from main publishers. This method units LexisNexis aside in an AI panorama fraught with copyright issues.
The corporate mentioned within the information launch that its long-standing relationships with publishers enable for “contextually related, GenAI-derived solutions, with direct hyperlinks to the authentic supply materials,” doubtlessly mitigating the chance of AI hallucinations which have plagued different generative AI instruments.
For publishers, the platform guarantees to respect mental property rights whereas guaranteeing honest compensation. “We’re dedicated to presenting content material transparently and in context to protect model integrity,” an organization assertion mentioned.
As AI applied sciences face scrutiny, LexisNexis is emphasizing its dedication to accountable growth. The corporate adheres to the RELX Accountable AI Ideas and employs over 2,000 technologists and information scientists to validate its options.
Nexis+ AI makes use of retrieval augmented technology (RAG) to reinforce the accuracy of its AI fashions, drawing from 1000’s of trusted sources. This method goals to deal with issues about AI reliability in high-stakes enterprise environments.
The platform’s growth concerned over 700 hours of buyer interviews and a industrial preview program that included main monetary establishments and consulting corporations.
“The launch of Nexis+ AI represents a big first milestone in our mission to offer organizations with the instruments they should speed up firm analysis and make knowledgeable enterprise selections,” mentioned Dani McCormick, vice chairman of product at Nexis Options, within the information launch.
As Nexis+ AI rolls out to a broader person base, its efficiency might be intently watched by each opponents and potential purchasers. The platform’s success may sign a brand new period in AI-powered enterprise intelligence, doubtlessly reshaping how firms method analysis and decision-making.
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