an audit track . The customer can trace all of the system ’ s decisions and inspect every semantic step to understand why a certain document was classified in a particular way .
“ What caught our attention with Cortical . io is the ability to recognize context ,” adds Pelz-Sharpe , whose company wrote a “ vendor vignette ” on Cortical . io . “ And what makes it interesting is that it ’ s language agnostic . It can take a commercial lease , for example , whether written in English , Japanese or Spanish , and read it equally well .”
PEEKING UNDER THE HOOD Webber ’ s design uses a neurosciencegrounded theory he developed called semantic folding . In simple terms , here ’ s how this complex theory works : Cortical . io converts words into so-called “ semantic fingerprints ,” or pixel patterns , the same way a brain ’ s neocortex turns words into representations and creates context , or meanings .
The result is a library of these semantic fingerprints that represents relationships among unstructured data sets ( words / text ), along with context . Based on the trained model , the platform takes the content that needs to be analyzed — whether that ’ s a large volume of contracts , emails or other documents — and compares it to those digital fingerprints to find similar meanings .
The representation of each word as a fingerprint is why the Cortical . io system is language agnostic . “ It turns out that the fingerprints , or the patterns for words in different languages , are about 80 % the same ,” Webber says .
GROWING DEMAND International Data Corporation estimates that the amount of data created between 2020 and 2025 will be “ greater than twice the amount of data created since the advent of digital storage .” The intelligent document processing market ( the broad category into which Cortical . io fits ) is trying to keep pace . Research firm Everest Group estimated this market grew 55 – 65 % in 2021 , with deep learning , NLP and ML among the core technologies powering the capabilities .
Pelz-Sharpe says that tools like those offered by Cortical . io could have a tremendous impact on business , particularly in sectors like insurance , healthcare and government .
“ If these solutions can take 20 – 30 % of the burden of processing documents like claims and automate it , it ’ s absolutely huge ,” he says . “ There ’ s a lot of opportunity here to solve business problems more efficiently , quickly and affordably — as well as with greater accuracy and transparency .” ■
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“ The fingerprints , or the patterns for words in different languages , are about 80 % the same .”
— Francisco Webber , co-founder and CEO , Cortical . io