DigitalOwl Named “Best Overall NLP Company” in 7th Annual AI Breakthrough Awards Program

Prestigious International Annual Awards Program Honors Standout AI and Machine Learning Solutions and Companies

NEW YORK - June 26, 2024 – DigitalOwl, a company that specializes in utilizing technology to interpret and transform medical records into a completely digital, comprehensive and interactive abstract, today announced that it has been selected as winner of the “Best Overall NLP Company” award in the seventh annual AI Breakthrough Awards program conducted by AI Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global Artificial Intelligence (AI) market today.

DigitalOwl’s proprietary Natural Language Processing (NLP) platform for medical records automatically analyzes medical documents, transforming both structured and unstructured data into concise summaries and spreadsheets - within hours. The platform’s Generative AI model can contextualize and comprehend the intricate nuances of thousands of medical records. The model leverages deep learning techniques and NLP to transform raw data into meaningful and readable summaries and reports.

The breakthrough platform can process any type of medical record or file, including attending physician statements, electronic medical records, prescriptions, diagnoses, lab results, handwritten notes, and more. Uniquely, the “Chat” feature allows clients to directly interact with their medical records, uncovering vital information to make more informed decisions. Users can ask the records any medical question and access critical information in seconds. In essence, users interview the medical records as if the attending physician were actually there. Users can also click directly to the evidence, eliminating issues of black box phenomenon and reducing the risk of false positives.

“Our solution has been developed exclusively for medical records, enabling us to provide greater accuracy and better meet the specific needs of our customers. By freeing up our clients’ employees, they can focus more on critical activities and help enable more informed decisions for end-users - IE patients,” said Yuval Man, CEO of DigitalOwl. “We’re thrilled to receive this award from AI Breakthrough and will continue to enhance our product and proprietary technology which has been meticulously developed and fine-tuned by our team of data scientists, medical experts, and insurance experts.” 

The mission of the AI Breakthrough Awards is to honor excellence and recognize the innovation, hard work and success in a range of AI and machine learning related categories, including Generative AI, Computer Vision, AIOps, Deep Learning, Robotics, Natural Language Processing, industry specific AI applications and many more. This year’s program attracted more than 5,000 nominations from over 20 different countries throughout the world. 

“DigitalOwl’s product is flexible, fast, and easy to use, resulting in dramatic time savings. Manually reviewing hundreds of medical documents per case is time-consuming, tedious, labor-intensive, and error-prone. These cost challenges are amplified when highly skilled workers spend hours sorting through medical records,”  said Steve Johansson, managing director, AI Breakthrough. “It’s an honor to name DigitalOwl ‘Best Overall NLP Company’ for their solution that offers unparalleled versatility, saving time, improving accuracy, and relieving the financial and human strain of manual review. The transformative product addresses inefficiencies that have long plagued the life insurance underwriting process and the medical records space.”

DigitalOwl has also launched “Workflow” to automate the process that insurance carriers face of comparing medical records to their insurance manuals. Workflow allows insurers to automate their entire manuals without IT having to map rules engines. 

About DigitalOwl

DigitalOwl is an InsurTech platform empowering insurance professionals to transform complex medical data into actionable insights with unprecedented speed and accuracy. The suite of innovative products allows users to 'View', 'Triage', 'Connect', and 'Chat' with their medical data — addressing the diverse needs of the insurance industry. The company has introduced the first and only machine-learning platform that interprets medical records and assists underwriters and claim adjusters in their work. Backed by a Medical Knowledge Base, the platform has a deep understanding of the medical text, creating a focused set of medical data points in a robust, meaningfully summarized format. Data is arranged chronologically, allowing the user to search and filter information by medical condition, date, body system, and more. The complete history is contained within a few pages rather than hundreds, allowing clients to speed up their medical records review process and free up their talented resources to focus more time on critical activities. For more information about DigitalOwl, visit www.digitalowl.com. Follow DigitalOwl on LinkedIn.

About AI Breakthrough

Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the AI Breakthrough Awards program is devoted to honoring excellence in Artificial Intelligence technologies, services, companies and products. The AI Breakthrough Awards provide public recognition for the achievements of AI companies and products in categories including Generative AI, Machine Learning, AI Platforms, Robotics, Business Intelligence, AI Hardware, Computer Vision and more. For more information visit AIBreakthroughAwards.com.

Tech Breakthrough LLC does not endorse any vendor, product or service depicted in our recognition programs, and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose.

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