Wazee Digital, a leading provider of
cloud-native video management and licensing services,
and Veritone® Inc. (NASDAQ: VERI), a
leading provider of artificial intelligence (AI)
insights and cognitive solutions, today announced that
they have entered into an agreement whereby Wazee
Digital will offer its clients Veritone's proprietary
platform of advanced cognitive engines and
applications. The new alliance will allow Wazee
Digital Core customers to leverage Veritone's
industry-leading AI technology for automated metadata
extraction and analysis, including speech-to-text
transcription, face recognition, translation, object
recognition, content moderation, and optical character
recognition.
"We're pleased to
partner with Wazee Digital, particularly in the media
and entertainment space, a market in which we both
have domain expertise and demonstrated abilities to
identify opportunities and deliver improved business
efficiencies for our clientele," said Ryan Steelberg,
co-founder and president of Veritone. "This new
relationship will give Core customers the power to
enrich their owned and earned content easily and
intelligently, in ways not possible until now."
Core is Wazee Digital's
cloud-native digital asset management solution that
serves as the foundation for all of the company's
services and capabilities. The Veritone Platform is an
open, extensible AI ecosystem of best-of-breed
cognitive engines and powerful applications. In
concert with Wazee Digital, the extensible and
future-proof Veritone Platform can be integrated into
Core customers' workflows to correlate and transform
both structured and unstructured data in a seamless
manner via AI, at scale.
With this partnership,
Core customers can select which content to have
cognitively processed, with the option to store
metadata output as timeline data in Core as well as
within the Veritone Platform. The enhanced information
will allow Core customers to discover moments more
easily and ultimately license and deliver them from
any system powered by Core.
By taking advantage of
the Veritone Platform, Core users will be able to
search and exploit every frame of video and every
second of audio for objects, faces, brands, text,
sentiment, keywords, and more. They will be able to
discover unique insights, dissect and analyze content
programmatically and by multivariate search, and
monitor media in near-real time. As a result, Core
users will be able to better assess the competition,
further understand the effectiveness and valuation of
branding, and perform more advanced programming
evaluation.
"We're always striving to
add features and technology that make our customers'
lives easier, which is why we're so pleased to
collaborate with a recognized leader in AI technology
with proven success in media and entertainment. This
partnership lets us focus on what we do best — media
asset management and automated workflows — while a
single integration point with Veritone allows us to
leverage AI more effectively than we could before,"
said Andy Hurt, senior vice president of marketing and
business development at Wazee Digital. "The Veritone
Platform will make it possible for Wazee customers to
unlock previously unknown moments within their vast
motion archives in a much more cost-effective and
timely manner than manually tagging film and video
assets."
Source: Wazee Digital media announcement
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