Alegion, a data labeling platform for machine learning, today announced the release of its next-generation video annotation solution, which includes support for long-running sequences, native 4K video support, object tracking, and ML-driven object proposal.
Alegion’s video annotation solution is targeted at data science teams that are building object tracking algorithms that identify and track individual objects of interest over time. By supporting an unlimited number of types and attributes of objects, even the most complex tracking challenges can be addressed. Also called “entity persistence,” this capability is needed for algorithms that track specific instances over time even if an entity leaves and reenters the frame.
Alegion’s annotation platform natively supports video as a distinct data type. The platform manages loading subsets of a video at a time, allowing the video to remain intact for labeling so annotators retain vital context for recognizing people and objects as they go in and out of frame in the same clip. Additionally, Alegion’s solution supports the annotation of videos of up to 4K resolution for companies requiring the fidelity provided by high-resolution sensors.
The new video annotation capabilities expand the embedded machine learning capabilities within the Alegion platform to include ML-driven pre-labeling. A video is first processed by a computer vision model and labels identifying known targets are proposed and localized on each frame. Human annotators then review and correct as needed, improving the machine-based proposals over time and allowing manual annotation to focus on the most difficult cases. Pre-labeling has shown to reduce the annotation effort by as much as 50% and can be used with other features like automated instance selection and interpolation to further reduce manual annotation.
“Video annotation has become increasingly important in training computer vision models due to the temporal context it provides,” said Chip Ray, CTO of Alegion. “Scene understanding, real-time interaction systems, and other perception model advances are only possible through video analysis. The emergence of 4K sensors, advances in drone technology, and sensor fusion has brought in new use cases from multiple industries including retail, tech, agriculture, and autonomous vehicles. Our customers are applying this technology to retail self-checkout, automated surveillance, and visual inspection. While there are various ways to annotate video, there aren’t solutions to maintain context and track targets through long-running sequences. This ability and the efficiencies gained through ML automation give Alegion the most advanced and comprehensive video annotation solution in the market,” Chip continued.
The demand for labeling continues to grow with the increasing investment in machine learning as tracked by leading analyst firm Cognilytica. Kathleen Walch, Managing Partner and Principal Analyst for Cognilytica, stated, “Video annotation presents unique challenges due to complex annotation requirements and the large amounts of data that must be processed. The most effective data labeling solutions approach video as a distinct data type and build specific technology to make annotation more efficient and accurate. Alegion’s solution appears well suited to address the rapidly evolving annotation space.”
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Broadridge Secures Patent for Machine Learning Tech Enhancing Securities Based Lending
Patent covers Broadridge systems that help advisors hyper-target SBL borrowers, deepen client relationships and reduce attrition
The machine learning technology that powers global Fintech leader Broadridge Financial Solutions‘ (NYSE: BR) ability to provide financial advisors with engagement predicting scores and other valuable insights on securities based lending (SBL) borrowers has been granted a patent by the U.S. Patent and Trademark Office. Broadridge’s patented machine learning technology delivers actionable insights that help wealth organizations and advisors identify and efficiently target high propensity prospects, reduce loan attrition, better understand overall book trends to inform business decisioning, budget with better predictability and increase marketing spend effectiveness.
“This patent supports Broadridge’s commitment to providing wealth management firms and their advisors with innovative and personalized products in wealth lending to meet increasing demand,” said Mike Alexander, President of Wealth Solutions at Broadridge. “We are focused on harnessing the industry data in our systems to help make financial advisors more productive and using that insight to align investors with the services they want. We are proud to see this formal acknowledgement of the true innovation taking place at Broadridge as we make a real contribution to our customers’ growth.”
Broadridge partnered with its client The Bancorp Bank, N.A. (“The Bancorp”) to train and productionize machine learning models to deliver borrower insights at the enterprise and advisor level.
“We are delighted to see the positive results of our joint efforts with Broadridge to foster SBL growth at The Bancorp,” said Jeff Hazelwood, Managing Director and Head of Banking Solutions at The Bancorp. “By delivering the right products to the right clients, we deepen our client relationships while making our business more efficient.”
The patent (no. 11544627) for Broadridge’s “Machine Learning-Based Methods and Systems for Modelling User-Specific, Activity Specific Engagement Predicting Scores” comes at a time when securities-based lending solutions are becoming a key differentiator for advisors as clients increasingly seek more personalized financial advice and alternatives to liquidity in a rising interest rate environment, a trend illustrated in Broadridge’s latest SBL research.
Broadridge’s SBL service is one of many component solutions it offers wealth management firms. Broadridge Wealth is a suite of innovative, market-ready component solutions designed to deliver what’s top of mind for every wealth management firm: personalizing the investor experience, driving advisor revenue and productivity, digitizing enterprise operations, and delivering cost efficiencies. Powered by decades of financial services expertise and a proven track record of helping wealth managers drive growth and streamline their business operations, Broadridge is redefining the future of wealth management.
Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with more than $5 billion in revenues, provides the critical infrastructure that powers investing, corporate governance and communications to enable better financial lives. We deliver technology-driven solutions that drive business transformation for banks, broker-dealers, asset and wealth managers and public companies. Broadridge’s infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. Our technology and operations platforms underpin the daily trading of more than U.S. $9 trillion of equities, fixed income and other securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 14,000 associates in 21 countries.
About The Bancorp
The Bancorp, Inc. (NASDAQ: TBBK), through its subsidiary, The Bancorp Bank, N.A., provides non-bank financial companies with the people, processes, and technology to meet their unique banking needs. With over 20 years of experience, The Bancorp delivers partner-focused solutions paired with cutting-edge technology for companies that range from entrepreneurial startups to Fortune 500 companies. Through its Fintech Solutions, Institutional Banking, Commercial Lending, and Real Estate Bridge Lending businesses, The Bancorp is the third-largest bank by asset in South Dakota, earning recognition as the #1 issuer of prepaid cards in the U.S., a nationwide provider of bridge financing for real estate capital improvement plans, an SBA National Preferred Lender, a leading provider of securities-backed lines of credit, and one of the few bank-owned commercial vehicle leasing groups in the country. With a company-wide commitment to excellence, The Bancorp is recognized as the top-ranked publicly traded bank with assets between $5B–$50B by Bank Director Magazine, a Readers’ Choice Top 50 Employer by Equal Opportunity Magazine and was selected to be included in the S&P Small Cap 600.
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