Agarwal: Text IQ grew 5x over 6-7 months
Apoorv Agarwal · AI for Sensitive Information // Apoorv Agarwal, Text IQ (FirstMark's Data Driven NYC) · May 13, 2019 · at 13:27
Apoorv Agarwal, founder and CEO of Text IQ, shares growth metrics for his contextual AI company at FirstMark's Data Driven NYC in May 2019.
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“We've grown like five times over the past six, seven months.”
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More from Apoorv Agarwal
A major New York bank hired 13,000 compliance reviewers since 2012
“A major bank in New York alone, they've hired over 13,000 people since 2012 looking for sensitive needles in this haystack.”
Structuring enterprise unstructured data requires unsupervised machine learning
“There's just so many different types of documents and types of data that there's just no way we can, you know, tackle this problem using supervised machine learning. So a lot of the machine learning we use in-house you know, is, is mostly unsupervised and that…”
Enterprise AI only needs to outperform keyword searches and human reviewers
“The bar is not to be hundred percent accurate. The bar is search tomes and 500 humans, right? And as it turns out that bar is not that hard to beat with AI.”
Enterprise compliance still relies mostly on keyword search and manual review
“The status quo method, the most popular method of finding these needles in a haystack remains to be based on search terms, ah, and manual review.”