Veritone® Inc. (NASDAQ: VERI), a leading provider of artificial intelligence (AI) and cognitive solutions, today announced that the company has expanded the integration of its aiWARE™ operating system for AI with asset management solutions from Wazee Digital, a leader in cloud-native video management and licensing services, and now a Veritone company. Veritone is leveraging its recent acquisition of Wazee Digital to create an end-to-end, AI-driven digital asset management and monetization solution in a secure cloud environment for live and archived broadcasts.
aiWARE works in combination with Wazee Digital Core, an enterprise software-as-a-service (SaaS) digital asset management system, and Digital Media Hub, a SaaS solution that allows video content to be captured in a central location and made immediately available for global access. aiWARE automatically generates relevant intelligent metadata within Core and Digital Media Hub that will enhance advanced searches of vast archives, improving operational efficiency and improving the discoverability and usability of valuable media content.
Core and Digital Media Hub customers have the opportunity to enrich their valuable content more intelligently — and more efficiently — than ever before by gleaning additional information from their assets through automated metadata extraction powered by AI. Integrating Core with the aiWARE operating system unlocks access to hundreds of cognitive engines across 16 classes, including facial recognition, object recognition, audio fingerprinting, OCR, translation, and more. With Veritone's proprietary Conductor orchestration technology, aiWARE can route media to the most appropriate engines to optimize metadata extraction from the content. Now rights holders, content owners, and other users of Core and Digital Media Hub can choose from best-of-breed engines curated for their individual use cases.
"Asset management augmented by AI helps organizations analyze, share, and index their media offerings automatically, leading to streamlined workflows and enhanced discovery experiences," said Hong Bui, senior vice president, product development, Veritone. "aiWARE gives customers access to a wide range of advanced cognitive engines and applications that seamlessly integrate with their digital media archives. As a result, they can build purpose-driven workflows that can help improve operational efficiencies, optimize ad and sponsorship verification, repurpose content, enhance competitive research, unlock hidden revenue streams, and more."
aiWARE has processed over 5.5 million hours of video and audio content during the first six months of 2018, servicing over 625 accounts as of month ending, June 2018. Wazee Digital Core has about 25 million video assets under secure management, primarily in the media and entertainment space, for content owners and rights holders as diverse as major studios, governmental departments, broadcasters, sports federations, news archives, and many more.
Visitors can see a demo of the aiWARE-Core solution at IBC2018 Sept. 14-18 on Stand 5.A09. More information about Veritone's products and services is available at www.veritone.com. More information about Wazee Digital's products and services is available at www.wazeedigital.com.