NEW YORK, Feb. 4, 2016 /PRNewswire/ -- Arria NLG is pleased to announce that it has received notice from the United States Patent and Trademark Office that its application for a patent on its Method And Apparatus For Updating A Previously Generated Text will issue. Several weeks ago Arria NLG also announced that it has received notice from the United States Patent and Trademark Office that its application for a patent on its Method and Apparatus for Situational Analysis Text Generation will be granted. These allowed applications will join Arria's four US Patents issued to date: Method and Apparatus for Alert Validation, US Patent 8,762,133 (June 24, 2014); Method and Apparatus for Situational Analysis Text Generation, US Patent 8,762,134 (June 24, 2014); Method and Apparatus for Configurable Microplanning, US Patent 9,135,244 (September 15, 2015); and Method and Apparatus for Interactive Reports, US Patent 9,244,894 (January 26, 2016).
Arria NLG's patents and patent applications cover critical NLG processes that the Company currently applies to innovative applications delivered to its growing list of global clients, as well as to a range of SaaS-delivered packaged applications that are in development for a number of markets. The patents also apply to the Company's proprietary Software Development Toolkit.
The latest patent (Updating A Previously Generated Text) covers a key component of Arria NLG's information analysis and delivery products. The Company's products not only automate the real-time analysis and delivery of reports, they also dynamically update the reports as frequently as the user desires, or in response to changes in the data.
The new patented features allow the Arria NLG Platform to update the existing report in a more concurrent fashion, an approach that a human expert would take when updating his or her own work, whereas a less intelligent NLG system typically re-writes the report, often a very different report from the one originally created. As the data from the underlying transactions (be it market trends or industrial or extractive operations) is continuously updating or changing, Arria NLG's analysis and reporting function constantly updates with the data, responding dynamically and with best-practice outputs to the changed circumstances.
The Arria NLG Platform uses NLG, robotic automation and AI (artificial intelligence) evaluation methods to provide real-time advanced data analysis and insights that help automate financial operations, such as credit reporting, financial planning and analysis and period end financial reporting. Most credit reporting and related processes depend on disintegrated data sources, slow and manual processes, and rules-based analysis supplemented by human-generated compilation, analysis and reporting.
These currently disintegrated processes hinder enterprises' ability to make fast, accurate, consistent and insightful decisions and forecasts. Arria NLG makes financial reporting operations more intelligent, provides greater levels of accuracy and faster execution. The intelligent automation that Arria NLG delivers also helps eliminate individual error, inconsistency and bias.
To learn more about Arria NLG, visit arria.com
Media Contact: Sharon Daniels
SOURCE Arria NLG