aiHit: One to Watch in the Big Data Arena

London, United Kingdom, July 25, 2012 --(PR.com)-- Using Artificial Intelligence and Machine Learning, the company has developed a unique technology that continuously monitors the Web, extracting dynamic company data from millions of websites which customers use to enrich, enhance and maintain their own databases.

Since the appointment of new CEO Paul Negus in January 2012, aiHit has launched a refreshed company identity via its new website (www.ahit.com), embarked on a European recruitment drive and is aggressively rolling out its Big Data solutions, products and services, including data validation, discovery, monitoring and analysis.

Says Negus: “I am excited to be involved with aiHit at such an important time in the company’s growth. The extent of Web-sourced information - the enormous variety of data and the speed at which it changes - makes it challenging for businesses to manage using traditional methods. Automatically creating company information from a vast number of unstructured sources, such as websites, is difficult to do. aiHit can do it, because of our deep expertise in Artificial Intelligence (AI) and Machine Learning (ML). We are dealing with the World’s biggest information tool - the Web - and so our vision has to be big; the sheer scalability of aiHit’s intelligent technology gives our company the edge to offer improved and expanded solutions to our customers. Hence the name, aiHit: Artificial Intelligence at the Heart of Intelligent Technology.”

aiHit’s growing client portfolio demonstrates that many key players already appreciate the value proposition such technology brings. Recent business successes include:

- Reducing online business directory Europages email bounce rate to less than 2% (the industry average bounce-rate being more than half the output)
- A two-year deal with a leading global business information provider to improve the quality of its huge email dataset, giving it the most comprehensive and up to date company email records in the UK

On awarding the $5.5m investment last year, Aidar Kaliev, Head of VTB Capital said: “aiHit has created an absolutely unique technology and invented a new way to extract, manage and analyse raw data which, we believe, will change the way the industry operates. We see huge market potential for this technology.”

About aiHit
aiHit is a provider of Big Data services and solutions to the business information, market research and lead generation industries, specializing in automatically collecting valuable company information from the entire Web. They have been working in Artificial Intelligence/Machine Learning applied to unstructured data for over seven years and have extensive, high data volume experience. aiHit has developed technology that has already crawled and indexed over 380m top level URLs with relatively little hardware, enabling them to extract dynamic company data which Business to Business customers can use to enrich, enhance and maintain their own databases. The scalability of aiHit’s technology to electronically capture and structure Big Data gives it the edge to offer improved and expanded solutions to its customers.