Clutch Group Unveils Audio.IQ, a Breakthrough in Audio Analytics
Audio.IQ is the ideal solution for any audio discovery, regulatory investigations, litigation, and compliance needs
Washington, DC. March 16, 2015. Clutch Group, an organization dedicated to helping companies tackle complex legal, risk and compliance issues, today announced the launch of Audio.IQ, an unprecedented audio analytics solution. The announcement was made at the Securities Industry and Financial Markets Association’s (SIFMA) Annual Legal and Compliance Seminar in Phoenix, Arizona.
Audio.IQ, managed by Clutch Group’s data analytics, discovery and compliance teams, allows companies to efficiently process and analyze their audio data. Unlike other audio analytic solutions that are typically offered as static software, Audio.IQ is both a fully-managed service and product. Existing market tools have serious volume limitations and are often too tethered to strict phonetic-based text rendering capabilities, making it difficult for customers to efficiently isolate and analyze audio and to accommodate different dialects, languages, and accents. With its dual text and audio data rendering functionality, as well as its ability to be customized through proprietary language models, Audio.IQ is a comprehensive and nuanced audio analytics solution.
“Audio data is one of the largest challenges major financial services institutions face today,” says Varun Mehta, VP at Clutch. “Regulators continue to intensify their focus on how audio data should be preserved, reconstructed, and analyzed, often requiring companies to analyze hundreds of thousands of hours of audio data in short timeframes. Without a comprehensive solution, companies are struggling to keep up. With Audio.IQ, Clutch is offering a more complete, compliant, and cost-efficient solution for companies looking to fully understand and harness their audio data.”
Key highlights and differentiators of Audio.IQ include:
- Dual Rendering: Audio.IQ captures a concurrent data stream of both audio and text, overlaid with rich metadata. This added flexibility allows for more complex searches and predictive analytics across enormous amounts of data.
- Customized Language Modelling: Through proprietary algorithms and language models, Audio.IQ can be customized for individual organizations. Rather than relying on inflexible phonetic rendering, Audio.IQ can be programmed to find meaning in seemingly unintelligible industry vocabulary, regional dialects, and more.
- Fully Managed Service: Audio.IQ is supported by a dedicated team that builds bespoke search and predictive models, analyzes results, and fine-tunes the system. From data collection to factual analysis, Clutch’s dedicated teams can support the entire audio analytics spectrum.
“We’ve tested and implemented existing market tools, and we’ve found a meaningful gap in their technical and commercial capabilities,” says Brandon Daniels, President at Clutch. “AudioIQ fills those gaps and is designed to give companies an unprecedented level of insight into their audio data. With its dual text and audio rendering capabilities, as well as its ability to be customized with language and behavioral models, companies can now exercise more control over how they engage with audio, ensure compliance, and build stronger analytics approaches.”
The launch of Audio.IQ comes at a time of enormous growth for Clutch. In the past year, the company has grown by over 100 percent, doubled its technology footprint, and expanded its global consultant and associate pools by over 30 percent. Clutch Group was recently recognized in the 2014 Inc. 5000 list as one of the fastest-growing private companies in America. Clutch was also voted as a Top Legal Outsourcing Provider and a Top Corporate Investigations Provider by the 2014 New York Law Journal Reader Rankings. In addition, Clutch was named a Leader in the LPO industry by NelsonHall and was chosen as an Outstanding Service Provider in IAOP’s Global Outsourcing 100 List in both 2014 and 2015.
About Clutch Group
Founded in 2005 by top attorneys from leading firms and business process pioneers, Clutch Group has grown to a team of legal, technology and process experts in six offices across three continents. Clutch was built from the ground up to help General Counsels more effectively manage problems within Fortune 500 companies. Clutch combines its expertise in harnessing technology, implementing process and focusing on fact development to deliver risk-measured, cost-optimized solutions for clients. Clutch Group has been consistently ranked as a top provider by industry research as well as client satisfaction since its inception and has been recognized by industry authorities including Nelson Hall, the New York Law Journal, the International Association of Outsourcing Professionals (IAOP), Chambers Global, Frost & Sullivan, the Black Book of Outsourcing, and Dun & Bradstreet. For more information, visit http://www.clutchgroup.com.
Link to release: http://www.businesswire.com/news/home/20150316005258/en/Clutch-Group-Unveils-Audio.IQ-Breakthrough-Audio-Analytics#.VQbvg_nF_DM