DALLAS, July 20, 2017 /PRNewswire/ -- Oil and Gas consulting firm, Lease Analytics, announced today that it has established the Human Intelligence and Language Technologies Lab (HiLT) Fund at the University of North Texas (UNT) in Denton, Texas.
This fund supports faculty and graduate research in the development of new techniques to recognize and infer meaning from specific images, words, phrases or sentences. The algorithms produced will have potential broad application in industry and government agencies interested in the growing fields of data analytics, and could make skilled human analysts far more productive in analyzing large volumes of current and historic documents.
"We will use this fund to find new ways to tag oil and gas leases and contracts with categories of interest, and improve classification, search and clustering beyond word presence," said Eduardo Blanco, co-director of the HiLT Lab.
HiLT is within UNT's College of Engineering, and its interests include Natural Language Processing (NLP), Machine Learning (ML), and Cognitive Science. HiLT's primary focus is on computational semantic models that facilitate machine understanding of text and spoken dialogue.
"We are very excited to support the faculty and students at UNT," said President and CEO of Lease Analytics Tom Agnew. "UNT has had a preeminent position in both oil and gas accounting and information sciences. Our most capable data scientists have come from the graduate program at UNT. This research will drastically reduce back office error rates, and I look forward to seeing the results of this project."
About Lease Analytics, LLC
Lease Analytics is based in Dallas, Texas, and applies deep learning technology to solve complex problems in the oil and gas back office, from acquisition to divestiture. Lease Analytics provides Revenue Recovery and Land Data Cleanup services to oil and gas companies. The company uses the most advanced data mining techniques to analyze land and accounting records to uncover errors and omissions, while generating significant savings in time and money. Please visit www.lease-analytics.com for more information.
About the University of North Texas
The University of North Texas's Department of Computer Science and Engineering is one of the oldest in the state of Texas, graduating its first class in 1977. The department is one of the 2017 "Best Colleges for Computer Science in America", according to Niche.com. The University is also in the top 20 percent of 2017 "Best Colleges in America". The main campus is located in Denton, Texas, with satellite campuses in Dallas and Fort Worth. Please visit https://engineering.unt.edu/ for more information about UNT's College of Engineering and http://hilt.cse.unt.edu/about.html for more information about the HiLT Lab.
SOURCE Lease Analytics, LLC