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INOVX Solutions Inc., a global leader in advanced asset integrity management software in the oil and gas industry, has signed a new partnership agreement with Arria NLG plc, a leader in the development and deployment of Natural Language Generation ("NLG") technologies.
The partnership will see Arria's NLG Platform providing real-time advanced data analysis and commentary to INOVX's 3D asset modeling software. Through its 'Asset Virtualization', INOVx generates virtual environments to allow field assets to be monitored and managed through interaction with 3D models. This partnership will further enhance the INOVX user's experience by communicating expert insights written up by Arria's NLG Platform in real-time. Work will commence to integrate Arria's software, and if successfully deployed, the company could start receiving license revenue during 2017 from INOVX.
Embedded subject matter expertise is a key feature of the Arria NLG Platform. It enables companies, such as INOVX, to capture years of specialized field knowledge into software that the company and its users can then retain for years to come. Arria NLG uses its patented Natural Language Generation technology to create a 'Virtual Data Scientist' to analyze and communicate what is happening in the data using the language and terminology specific to the company and its users.
The partnership joins two leading Artificial Intelligence technologies at a crucial point of development for 'giving a voice to the Internet of Things'. With the application of Arria's NLG Platform, INOVX will make a marked step forward to innovate its product with the power of advanced NLG from Arria.
Keywords: Natural Language Generation (NLG), Asset Integrity Management, 3D Asset Modeling, Artificial Intelligence, Internet of Things, ARC Advisory Group.