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Today, AI21 Labs, an Israel-based AI engineering and consulting firm, has announced the launch of their new product, Contextual Answers: A Ready-to-Use AI Engine for Enterprise Data. This platform makes it easier for enterprises to access and leverage the power of AI to unlock their vast stores of insights.

Contextual Answers, built on top of Google Cloud’s ASR Machine Learning Platform, is a ready-to-use AI engine that provides context-aware answers and recommendations. The platform is designed to process data from multiple sources, such as an enterprise’s CRM system, web analytics, customer service platform, and more, enabling businesses to get insights from unstructured data.

Contextual Answers also simplifies AI engineering, allowing businesses to quickly create custom AI models. This could lead to better decision-making, as well as new opportunities to leverage AI to help increase efficiency, reduce costs, fine-tune operations, and make more informed decisions.

The platform also addresses privacy concerns, as it can be configured to allow access to only certain data sources, and data remains securely stored in the enterprise’s own data centers. With this, AI21 Labs hopes to help companies accelerate their digital transformation process and move quickly to harness the power of AI.

“We are excited to launch Contextual Answers, a powerful tool that provides enterprises the ability to drive insights from their data quickly and easily,” said AI21 Labs Co-Founder and CEO Ayelet Shani “We believe that this platform will play a key role in further accelerating the digital transformation of organizations around the world.”

AI21 Labs is clearly setting the standard for the practical application of AI in the enterprise, by providing organizations with the tools they need to access and use complex data sets to drive innovation and growth. This launch is sure to be a game-changer for many businesses looking to leverage AI to get more out of their data.