LSC Announces Strategic Equity Investment in AI-Driven Technology
CHICAGO — July 24, 2017 — LSC Communications, a leader in print and digital media solutions, announced today an equity investment and the signing of a definitive reseller agreement with Authors Inc., an Austin, Texas-based developer of machine learning and artificial intelligence applications for the publishing industry.
With the goal of helping to increase publisher revenues, LSC will harness Authors Inc. technology to offer new services for publishers, including intelligent editorial analysis, automated keyword enhancement and actionable insights. Machine learning and AI help make titles discoverable by recommending keywords, re-calibrating metadata dynamically based on quarterly performance, and assessing content to help predict the next bestseller.
“In our continued journey to invest in new technologies, we are thrilled to be making an investment in Authors, Inc,” says Thomas J. Quinlan III, chairman and CEO of LSC. “Machine learning and AI are positively impacting many industries and we are excited about the new products and solutions we are bringing to publishers.”
Monica Landers, CEO of Authors Inc., commented, “In LSC, we have a business partner that understands the opportunities opening up for machine learning and AI technology in the print and digital publishing industry."
Landers continues, "We value LSC’s size, scale and access to publishers as we continue to develop new cutting-edge products and services for publishers to give them predictive analytics to make better content decisions and enhance keywords at the point of sale. LSC is demonstrating its innovation and industry leadership in offering these solutions to its publishing clients.”
Bob Nelson, EVP of Publisher Services for LSC, also adds, "The Authors suite of tools perfectly complements LSC’s legacy offerings and comes at a pivotal time in the industry. Authors Inc. and LSC together make integration of machine learning solutions painless, affordable, and productive for publishers.”
The preceding press release was provided by a company unaffiliated with Printing Impressions. The views expressed within do not directly reflect the thoughts or opinions of the staff of Printing Impressions.