In 2014, the Associated Press (AP) began using the Wordsmith platform from Automated Insights to automate the production of its earnings reports. Wordsmith is a natural language generation (NLG) platform that uses algorithms to automatically generate written reports from data inputs.
By using Wordsmith, the AP was able to reduce the time and effort required to produce its earnings reports, while also improving their accuracy and consistency. Previously, the AP’s earnings reports were written by reporters, who had to manually compile and analyze the data and write the reports. This was a time-consuming and error-prone process.
With Wordsmith, the AP was able to automate this process by feeding the platform with the data for its earnings reports. Wordsmith then automatically generated the reports in natural-sounding English, complete with summaries, highlights, and other elements. This allowed the AP to produce its earnings reports much faster and more efficiently, while also improving their quality.
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