Monday 13th February, 2017
After helping to expose a large-scale bribery and corruption at Rolls-Royce the SFO could use British start-up Ravn’s crime-solving Artificial Intelligence (AI) software for its forthcoming investigations.
Ravn’s innovative AI platform, known as ACE, helps crime-solving by sifting paperwork, automatically reading, interpreting and summarising key information from documents and unstructured data as humans would do.
Quoted in Legal Business, SFO Chief Technology Officer, Ben Denison said: "Our cases regularly involve handling tens of millions of documents and the volume of data is constantly increasing. It would be impossible to review everything manually, so using machine learning techniques which are faster and more accurate than human review alone will become a key feature in our future investigations. This will allow us to make better use of our resources, and ultimately reduce the time it takes to investigate our cases."
The FT reported that the software helped the investigation's seven strong workforce sift through 30m documents, processing as much as 600,000 every single day. It helped to crack the case “exponentially faster” than if it was investigated manually, according to the company's CEO.
Last month David Lumsden was appointed as CEO of RAVN replacing Peter Wallqvist. The company has 47 employees and last year made $3m and expects to double that this year.