Jul

nmodes Technology - Overview

                                                       

nmodes ability to accurately deliver relevant messages and conversations to businesses is based on its ability to understand these messages and conversations. Once a system understands a sentence or text, it can easily perform a necessary action, i.e. bring a sentence about buying a car to the car dealership, or a complaint about purchased furniture to the customer service department of the furniture company.

Understanding sentences is called semantics. nmodes has developed a strong semantic technology that stand out in a number of ways.

Here is how nmodes technology is different:

1. Low computational power. We don’t use methods and algorithms deployed by almost everyone else in this space. The algorithms we are using allow us to achieve high level of accuracy while significantly reducing the computational power. Most accurate semantic systems, e.g. Google’s, or IBM’s, rely on supercomputers. By comparison our computational requirements are modest to the extreme, yet we successfully compete with these powerhouses in terms accuracy and quality of results.

2. Private data sources. We work extensively with Twitter and other social networks, yet at the same time we process enterprise data.  Working with private data sources means system should know details specific only to this particular data source. For example, when if a system handles web self-service solution for online electronics store it learns the names, prices, and other details of all products available at this store.  

3. User driven solution. Our system learns from user’s input. Which makes it extremely flexible and as granular as needed. It supports both generic topics, for example car purchasing, and conversations concentrating on specific type of car, or a model.

Interested in reading more? Check out our other blogs:

Reality of Bootstrapping

Going after investors? Do you know that less than 1 percent of startups actually raise VC (or angel) capital, which means that the vast majority are self-funded. Yet the main reason for it simply lies in the inability of most companies to find investors.

Bootstrapping, however, has several strategic advantages for your company's future growth. Perhaps the biggest is retaining the majority of shares and control over the strategy and direction your company is moving towards.

It also teaches financial discipline. Bootstrapping at the start helps to understand the importance of  revenue and cash flow, as opposed to unabridged product development, and keeps you connected to your company's financial reality. Only when profitability increase do you then green-light new opportunities, increased risk-taking, and growth acceleration.

In reality, the founders are expected to be flexible.  While entrepreneurs have certain intentions and philosophies when they are starting out, a hallmark trait for successful founders is the ability to adapt to changing environments and opportunities.

Sometimes, that means waiting a long time to generate the financial metrics that really matter, revenue and profit. By challenging your leadership team to focus on building the business organically and figuring out how to make the company consistently profitable on a model that can scale without VC capital, you make your company more valuable to future investors.

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Volunteering during social distancing



nmodes is making an effort to assist you during this challenging time. Our team created this online community resource https://nmodes-coronavirus.web.app resource to help during COVID-19 self-isolation. It is powered by nmodes conversational AI.

In case you or your close ones are experiencing symptoms of COVID-19, our self-assessment tool could help to determine if further medical care is needed.

With the self-isolation assessment, you could measure whether your self-isolation procedures are appropriate or not. It is important to maintain self-isolation to protect yourself from getting infected.

If you wish to volunteer and contribute to the community our chatbot will connect you with people who need help. You can contribute either virtually and in-person.

Most importantly if you would like to get help the chatbot will connect you with a volunteer who could assist with your needs.

It is fast and easy - answer quick questions and you are all set. We have volunteers ready to help with all kinds of requests , from grocery shopping and home chores to online tutoring and sharing game time.

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