LiveTiles (ASX:LVT) have entered into a strategic partnership to combine its technology to create a highly sophisticated information discovery tool that is capable of a real-time file search and response.
The partnership with Search365, a leading IT service provider to the Australian government and financial services clients, will see LiveTiles integrate its Bot software with Search365’s AI-powered ‘Knowledge Miner’ platform.
The Knowledge Miner platform was built by the team that developed Microsoft’s FAST search that is used in its SharePoint application. It was developed and acquired by Microsoft for US$1.2 billion.
The combination of Knowledge Miner and LiveTiles’ Bots will enable LiveTiles to deliver “personalised and actionable responses to a user’s request” which it will do by directly pulling the relevant and up to date information from documents and other relevant data sources.
Search365 were introduced to LiveTiles by its sales partner Microsoft under the AI Spark program – a joint initiative between Microsoft and LiveTiles to accelerate the rate at which AI technologies are introduced to enterprise.
Knowledge Miner is able to deliver search results that “reflect the most recent changes to source data” and the integrated technology will be able to provide users the right information from documents at any point in time.
The company says the technology has a core application in compliance and risk management – due to its ability to provide highly accurate and timely information.
Importantly for both businesses, it will provide the opportunity “to grow their existing global customer footprint and pursue more commercially significant opportunities.”
LiveTiles says that the parties will pursue joint business opportunities in the government and financial services sectors – both of which are highly regulated sectors.
A number of pilots are already underway with key target customers and LiveTiles are confident that it is positioned to benefit from ongoing sector growth.
“The strong strategic alignment of LiveTiles and Search365 with Microsoft and ongoing joint marketing initiatives ensure both parties remain strongly positioned to benefit from this significant sector growth and from Microsoft’s dominant market position and investments in Microsoft Azure and Office 365,” said Karl Redenbach, LiveTiles Co-founder and CEO.
Search 365 were equally as excited to be working with LiveTiles, with its CEO, Gavin Keeley, stating that “we’re really excited to partner with LiveTiles to create the most compelling AI solutions in the market.”
“The LiveTiles product suite is already helping us deliver truly transformative digital projects with financial services clients, and I see great potential in the partnership to drive further digital and intelligent transformation globally.” he said.
This content is produced by Star Investing in commercial partnership with LiveTiles. This content does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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