vPhrase Analytics secured a patent for its business intelligence and natural language generation tool Phrazor on August 31, 2021. The latest patent, titled ‘System and Method for explaining actions taken in real-time on Event Stream using NLG’ stamps a seal of approval on Phrazor’s ability to help businesses interpret and analyze their data in the easiest way possible while recommending actionable conclusions from the business’ existing datasets. Phrazor uses AI & ML to convert data into language-based insights instead of complex visual charts. Business users can independently use Phrazor to explore data by querying and receiving real-time answers from its chatbot Ask Phrazor functionality.
This is vPhrase’s second patent for its product Phrazor within a year. The previous patent came in December 2020 for enabling professionals working with data save millions of hours spent in encapsulating data in comprehensible formats by automating insightful data stories on dashboards and reports.
The patent in discussion provides businesses with real-time actionable decisions. Phrazor analyzes the data and produces instant language insights which enable business leaders to understand what happened, why it happened, and consequently the logical reasoning Phrazor used to arrive at the decision it arrived at. This contextual analysis gives leaders the confidence to place their vast experience and good intuition on the solid foundation of the data-backed recommendations from Phrazor, thus allowing for optimal decision-making in real-time.
“Our product Phrazor was always about making the lives of business leaders easy through explanation of data in simple language and making sure that business leaders can interact with data on their own, independent of any technical obstacles. We work hard towards data accessibility for all, and this patent is yet another proof of our successful endeavor’’, said Neerav Parekh, CEO & Founder of vPhrase Analytics. vPhrase enjoys the trust of global corporations like Barclays, Fidelity, Dun & Bradstreet, ABB, Olam, Sanofi, and more who use Phrazor’s AI-powered capabilities to produce highly personalized instantaneous reports at scale and ease data understanding across functions.
“Data is an unutilized treasure dwelling right within an organization. Our zealous approach to work will no doubt create new solutions in the future that drive teams to understand data without the need for technical expertise, and use it optimally to carve a competitive edge in the market.”
vPhrase Analytics Solutions Pvt. Ltd. is a global technology company offering AI-powered business intelligence, reporting automation and business analytics solutions using Machine learning and Natural Language Generation technology. With a strong client portfolio that encompasses businesses from across diverse sectors, the company empowers data-driven decision-making by summarizing complex business data into actionable insights and weaving stories around those insights.
Company Name: VPhrase Analytics Solutions Pvt Ltd
Contact Person: Aliasgar Haji
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Phone: +91 9987811171