**Princeton**: Verdantis unveils Auto-Enrich AI and Auto-Spec AI, designed to improve data integrity for asset-intensive industries. These tools enhance data structure and availability, aiming to boost operational efficiency and decision-making while reducing costs.
Verdantis, a company based in Princeton, New Jersey, has unveiled two new artificial intelligence tools, Auto-Enrich AI and Auto-Spec AI, aimed at improving data integrity and operational efficiency for businesses. This launch addresses the critical challenges faced by asset-intensive industries such as oil and gas, mining, and food manufacturing, where unstructured and siloed data can hinder effective decision-making.
Auto-Spec AI focuses on structuring unorganised data using AI models that have been trained on over one billion data points. This tool extracts essential attributes, units of measure, and product categories from raw data, helping companies standardise their material and supplier records. Such standardisation can enhance procurement processes by providing more reliable data for planning.
On the other hand, Auto-Enrich AI addresses the issue of missing data by autonomously sourcing information from both public and proprietary databases. The software integrates this enriched data into enterprise resource planning (ERP) systems, which allows businesses to optimise their inventory management and mitigate the impact of obsolete records.
Kumar Gaurav Gupta, CEO of Verdantis, described the introduction of these AI agents as “game-changers for enterprises looking to overhaul their data strategy”. He highlighted that they represent a significant advancement toward Verdantis’ vision of becoming a comprehensive AI solution provider for Master Data Management.
Both tools can function independently or as enhancements to Verdantis’ existing platforms, Harmonize© and Integrity©. This adaptability allows enterprises to improve their data management strategies while maintaining their current infrastructure.
The importance of high-quality master data cannot be overstated in today’s data-centric environment. Verdantis’ solutions aim to not only ensure data accuracy but also empower companies to make informed decisions and boost operational efficiency, ultimately contributing to cost reduction and streamlined operations.
Source: Noah Wire Services
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