COLUMBUS, Ohio, Dec. 13, 2017 /PRNewswire/ -- Cognovi Labs, developer of the SaaS platform for emotion-based artificial intelligence, saw their Oct. 22 prediction of a Doug Jones victory realized in Tuesday's Alabama Senate election. Acting well ahead of poll data, Cognovi made the prediction almost three weeks before the sexual harassment claims surfaced against Moore.
The prediction was based around Cognovi Emotion AI findings that showed Jones' superior ability to trigger an intense emotional bond with the electorate, which allowed him to generate the required turnout to win the election.
This result follows a string of successful Cognovi predictions for several high-profile outcomes, including predicting the Brexit referendum hours before the polls closed; and foretelling the results of the 2016 U.S. presidential election. In addition to political events, Cognovi utilizes its AI platform to make predictions for businesses, investors, corporations, ad agencies and public figures.
"Our AI technology provides a window into your future, today. Whether that is increasing market share, sales performance, stock returns or improving election results, Cognovi AI is uniquely positioned to drive results," said Beni Gradwohl, Ph.D., CEO and co-founder of Cognovi Labs. "By harnessing the key drivers of the future in particular, the emotions-based human behavior and intent — we are able to determine engagement and intensity that act as a predictive indicator for future outcomes. This also allows for the opportunity to make real-time adjustments to alter those outcomes."
Cognovi Labs' AI technology was developed by Dr. Amit Sheth at the Kno.e.sis Center at Wright State University. Under the Startup Nursery, Ikove identified and vetted the underlying technology and then launched Cognovi Labs in partnership with the university, Amit Sheth and Beni Gradwohl with worldwide, perpetual exclusive rights to commercialize the powerful Emotion AI technology. "Cognovi was founded upon the realization that our technology could capture emotion and passion to provide predictive insights that meet business and marketing needs," said Flavio Lobato, Managing Partner of Ikove Venture Partners and co-founder and Chairman of the Board at Cognovi Labs. "Ikove is committed to commercializing and nursing high-impact technologies, and we are proud to see continued validation of Cognovi's artificial intelligence."
About Cognovi Labs
Cognovi Labs, an early innovator in the Emotion AI space, extracts emotions from social media and quantifies key human behavior to predict the outcome of events. As a result, Cognovi Labs provides its clients with a competitive edge – it allows them to make more accurate predictions in all aspects of their business in real time. This includes predicting the outcome of political events or influencing the outcome by adjusting the message; forecasting product sales to make immediate course changes in inventory management; selecting stocks based on the consumers' intent and shopping behavior; and continuously optimizing ad targeting to strengthen a brand and generate leads.
About Ikove Venture Partners
Ikove is a venture development company founded to pursue early stage investments with an emphasis on technology commercialization in the Midwest. Through its proprietary Startup Nursery, in partnership with multiple U.S. research institutions, Ikove identifies and validates developing high-impact technologies, providing capital and resources to bridge the commercialization gap between lab and market.
Ikove StartUp Nursery
SOURCE Cognovi Labs