NEWPORT BEACH, Calif., May 12, 2016 /PRNewswire/ -- Veritone, a leading provider of cloud-based cognitive computing solutions, has partnered with Nuance, a leading provider of voice and language solutions. Veritone is incorporating the Nuance Transcription Engine (NTE) within Veritone's cloud-based, hosted Cognitive Media Platform (CMP). Nuance joins Veritone's growing set of partners that includes providers of cognitive engines such as sentiment extraction, tonal analysis, facial and object recognition and more. The addition of NTE will enhance the efficiency and overall capabilities of Veritone's cognitive platform by adding highly accurate transcription.
- Partnership broadens technology reach: Nuance's proven transcription technology, deployed within Veritone's large scale cloud environment and combined with Veritone's unique, specialized training data sets, enhances Veritone's capabilities for deeper learning and improves overall performance and accuracy of the CMP engines. NTE will now be easily accessible to Veritone's growing client base for use with its ecosystem of millions of hours of audio and video content.
- Leveraging Nuance vertical markets expertise: As Veritone expands into various vertical markets, its CMP will become even more robust, benefiting from the additional specialized market expertise that Nuance has developed through decades of experience. As industry leaders in voice and language solutions with expertise in financial services, telecommunications, government, and healthcare, among others, Nuance enhances Veritone's CMP for new markets. Veritone will be able to bring market leading efficiency and accuracy within their vertical market expansion into financial services, legal, law enforcement and security.
- Extending CMP capabilities to increase global media footprint: With support for 15 languages and 30 dialects, Nuance's speech recognition is trained to recognize specific industry and regional terms, proper nouns and brand names. Through this collaboration, Veritone and Nuance will achieve an unprecedented and significant improvement in transcription accuracy when applied to global media.
Robert Weideman, Executive Vice President and General Manager, Nuance Enterprise, Nuance, said:
"We believe in the power of intelligent systems and in Veritone's innovative approach to applying such intelligence to global media. Veritone is at the forefront of bringing market-driven solutions to key verticals, accelerating the extensibility and democratization of media. Through this partnership, we will be able to unlock new capabilities and broaden the reach of our technology across Veritone's rapidly growing customer base."
Chad Steelberg, CEO, Veritone, said:
"Our mission to transform the world's media into actionable intelligence is a simple notion with profound implications. Our goal is to offer businesses a solution that will analyze media through various cognitive engines in near-real time to enable better decision-making and advanced business intelligence while providing unique monetization opportunities to partners and developers. We are thrilled to work with Nuance as we continue to expand our ecosystem to include the most advanced cognitive tools available today and into the future."
Veritone developed the world's first Cognitive Media Platform (CMP). The company is setting a new standard in the evolution of media by providing an open ecosystem for developers, businesses and content owners to collaborate and effectively monetize the insights gained by programmatic cognitive analysis of audio and video. Visit us at www.veritone.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/veritone-to-transform-the-worlds-media-into-actionable-intelligence-leveraging-nuance-speech-technology-300264447.html