Ravn’s artificial intelligence robot is gearing up to help the Serious Fraud Office (SFO) in more of its investigations, using its robotics prowess to crack crime in the UK.
East London-based Ravn created the robot to sift through data and analyse clues, just like a human investigator, but can do it much faster, making it vital for investigations where time is of the essence.
The software has already been used by the SFO to uncover a trail of corruption at Rolls Royce earlier this year. It supported a human team of seven investigators get the bottom of the case, trawling through a mammoth 30 million documents in total, with an average of 600,000 read every single day.
Ravn’s software was able to work out which documents were privileged and which were non-privileged, enabling humans to take over the investigation by verifying the data in the most important documents.
However, this is just the start of the information the robotic software could process, the company’s CEO explained.
“Organisations could index all of their multinational repositories, including words, tables, currencies, numbers and pictures in Excel, Word, PDF, PowerPoint and so on,” the company’s chief executive, David Lumsden told the FT.
“If we wanted to extract passport numbers from 10,000 employment records, the AI can do that automatically, even if we’ve just got an image of a passport. Without it, you would have to write down the number from the images manually.”
Ravn is being used by more than 60 clients, including BT, one of the company’s biggest customers. It is using the software not for criminal investigations, but to save money. It assesses global supplier agreements to work out where the company can make savings without impacting business.