Case Study: Fitch Solutions achieves 15x faster data extraction with Evolution AI

Fitch Solutions speeds up data extraction 15x with Evolution AI

Evolution AI provided its intelligent data extraction solution to Fitch Solutions, which faced the challenge of manually collecting Consumer Price Index (CPI) data from over 200 countries. This process was extremely time-consuming for analysts, involving navigating different languages and document formats, and previously prevented Fitch from reporting monthly data to its customers.

The solution combined NLP and computer vision to automate data extraction, enabling Fitch employees to quickly extract and verify data. Evolution AI reduced the time to extract raw macroeconomic CPI data from half an hour per country to just two minutes, speeding up time-to-data by 15x. This also allowed for capturing more data points with automated cross-validation and discrepancy flagging, greatly improving efficiency and quality assurance.

Fitch Solutions