aiOla

About:

Turn manual processes into AI-driven, speech-based workflows to enable smarter, safer, and more efficient operations.

Website: http://aiola.com

Twitter/X: _aiOla

Top Investors: Hamilton Lane, SAP.iO, New Era Capital Partners

Description:

aiOla is an innovative company that is powering advancements in speech technology for the supply chain, manufacturing, and the food industry. Bolstered by its backend system, aiOla transforms speech into structured data with exceptional accuracy, overcoming the limitations of conventional models that often struggle with specialized industry jargon. aiOla's app has the capability to instantly digitize both paper and digital forms, understanding, and processing industry-specific terminology on the fly. This eliminates the need for extensive retraining of AI models for new languages or jargon, making the system highly efficient and adaptable. For instance, aiOla's app can process over 120 languages and handle heavily accented speech, proving effective in challenging environments like noisy factory floors. In 2024, aiOla's app has seen several technological advancements. A key component is aiOla’s proprietary AdaKWS AI model, which boasts 95% accuracy in keyword spotting, outstripping competing models like OpenAI’s Whisper. Complementing this, their innovative KG-Whisper technology enables the app to instantly adapt to any industry’s unique vocabulary without the costly and time-consuming retraining typically required. Moreover, Whisper-Medusa, another addition to the app, enhances real-time transcription performance, making aiOla 50% faster than leading off-the-shelf models. aiOla's app, empowered with these innovations, achieves speech understanding rates significantly higher than the industry standard of around 60%. For example, ASR technology can capture data from spoken Chinese with a 55% level of accuracy, whereas aiOla can provide 95% accuracy for the same text. This showcases that aiOla is setting new benchmarks in speech recognition accuracy. The technology's ability to operate effectively in challenging environments, such as noisy factory floors or bustling logistics centers, further proves its robustness and real-world applicability. By seamlessly integrating with existing systems and reducing operational costs, aiOla's technology as a leader in transforming how businesses capture and utilize speech data, driving significant improvements in productivity and efficiency across various sectors.