Industry Trends & Insights from AI Foundry

January 5, 2017
The Final Frontier: Turning Documents into Data

For processes that depend on documents – like loans, mortgages, claim processing, insurance applications and numerous other financial services products – as well as regulated industries like manufacturing, health care and life sciences – turning documents into data is the only way to measure, manage and ultimately optimize. 

December 15, 2016
5 Lesser Known Benefits of Migrating to the Cloud

It’s no surprise that many businesses are moving key data and processes to the Cloud. The benefits they receive for doing that have been well documented: lower cost, higher availability, scalability, etc. But there are some additional benefits that are not so obvious.

December 8, 2016
Successful Document Management and Workflow Solutions Minimize Employee Turnover

According to the “Digital Transformation Index”, most industries are embracing various types of digital transformation, such as the streamlining of business processes through innovative technology. In document-intensive workplaces, for example, the automation of document classification has enabled businesses to greatly drive workflow efficiency. Document-driven workplaces have also discovered a secondary benefit from implementing optimal technology:  the ability to minimize employee turnover.

November 21, 2016
Optimal Document Content Management and Workflow Automation Crucial to Mortgage Loan Servicers

The mortgage loan servicing industry faces unique pressures to optimize document management and streamline workflows. Unlike most industries, loan servicers are formally evaluated by rating agencies (such as S&P and Fitch) on the efficiency and strength of their operations and internal controls. When a rating is published for a mortgage loan servicer (particularly when it involves an upgrade or downgrade), it’s a major business-impacting event.

November 9, 2016
Big Data, Dark Data, Unstructured Data – What Does It All Mean?

We’ve all seen statistics and charts showing how fast corporate data is growing. There seems to be no limit to not just this idea of big data, but the growth rate of it. Most charts show accelerating growth, typically in an exponential fashion. And these massive collections contain huge amounts of dark, structured and unstructured data. 

October 26, 2016
Understanding Metadata – And Why You Need More of It (Part 2)

In Part 1 of this blog, we explored what metadata is, using an analogy to digital music stored on your phone or computer. Now let’s extend that analogy into the enterprise data management space, where we would like to use metadata to tag important files. Maybe invoices can be tagged with the Company Name, Billing Date, and Invoice Amount. Or a sales presentation would be tagged with Author, Subject, Client, and Presentation Date.

October 19, 2016
Understanding Metadata – And Why You Need More of It (Part 1)

With the explosion of data in the world, and your company, finding and making sense of it is becoming increasingly harder. It is said that the average employee spends 400 hours per year just searching for documents. There are a variety of tools to help you manage and understand this data, but one key to unlocking that puzzle revolves around the quality and quantity of your metadata. Let’s look at what metadata is and why you need more of it in some detail.

October 3, 2016
Preparing for Cloud Data Migration

Moving data, applications, and processes to the Cloud is rapidly occurring across a wide variety of enterprises. The benefits (and costs) of doing so have been well discussed, but moving the applications and processes can take a long time. One strategy to ease this transition is to move your data to the cloud first, and follow on with applications later. This allows you to transition your legacy applications and IT infrastructure gradually.

September 14, 2016
Redefining Enterprise Content Management – A Modern, "Intelligent" Approach

Enterprise Content Management (ECM) has been around for a long time, and has evolved significantly to include many features and functions to help organizations and departments manage documents.

September 14, 2016
Four Ways the Latest Document Capture Solutions Make Life Easier for Organizations
Kodak Alaris' Emma Isichei shares her perspective on modern capture solutions and the advantages for organizations.