Texter Blue
Data is one of the most important aspects of any business. Almost every decision taken in a business is empowered by informed data analysis. By using data, precise decisions are made using trends and facts, not speculation, leading an optimized decision process.
Data enrichment is the process of combining data from internal sources with data from external sources. By doing this, the data already owned is enhanced and more informed decisions can be made.
You’ve probably heard about metadata many times before, but do you know what it is? Metadata summarizes basic information about data, making it easier to find, and to use particular instances of data. Some basic examples of document metadata are, date created, date modified, file size, etc. Other than documents, metadata is used in:
The pressure on businesses to become more efficient and better optimized keep increasing every day. To achieve such goals, many companies keep investing in digital transformation, exploring innovative technologies to get ahead on their competition. One such technology is Intelligent Document Processing (IDP).
Many organizations are switching over to newer and more modern ECM systems. With that, comes the task of migrating content from the “old” platform to the new one.
The migration process can be time-consuming and expensive since many organizations have millions (or trillions) of documents. But with AI, that daunting task is much faster and easier.
Digital transformation is headline everywhere! In fact, in the last couple of years, we’ve been pushed forward to this new reality, driven by the “no contact” policy, mandatory because of the COVID pandemic. This expanded technology beyond, to remote working, to learning and even entertainment.
Now, the pandemic seems controlled (at least we hope so), but companies didn’t hold on their digital migration efforts. People has adapted, and a lot of us still work and study from home!
Let’s get to the point here… all businesses workflows, decisions and operations are made based on a data analysis. In a daily base, this data usually come from documents handled by the company’s different departments.
Now, imagine that you have a system (ECM System) that can automate the extraction of information, as well as the data analysis, from these documents! Don’t you think this can enhance your company’s key processes?