Smart Data Collective

OCTOBER 16, 2023

Financial data (invoices, transactions, billing data) and internal and external documents (reports, business letters, production plans, and so on) are examples of this. For example, predictive analytics detect unlawful trading and fraudulent transactions in the banking industry. Spotify is a good example.

Big Data 294

Big Data Banking Artificial Intelligence Cybersecurity 294

Smart Data Collective

JUNE 24, 2022

Artificial intelligence technology has led to some surprising changes in the field of accounting. It can help you get more out of document management, workflow optimization, client management, and time & billing processes. Therefore, they can use it to boost productivity as much as 40%. Xero Practice Manager.

Artificial Intelligence 269

Artificial Intelligence Documentation Banking Visualization 269

Smart Data Collective

FEBRUARY 4, 2021

After all, without sufficient capital, one will need to leverage big data and artificial intelligence to outshine competitors. Employees have to dig into piles of documents to find receipts and report the expense. You can link the software with different banks and online applications. Integrate Digital Tools.

Data Analytics 354

Data Analytics Data Analytics Big Data Banking 354

Smart Data Collective

DECEMBER 21, 2020

Capturing data from documents. As AI can recognize written text using document capture technology, it’s far easier for insurers to swiftly manage high volumes of claim forms. It involves identifying crucial information from documents and extracting it right away, so the customer’s journey is smoother and shorter.

Big Data 351

Big Data Documentation Cloud Computing Banking 351

Smart Data Collective

MARCH 26, 2021

Artificial intelligence (AI) systems, like one known as VINNIE , can process the safety of blueprints or images, then report back with areas to improve on. In other fields, image recognition ML can process a document or handwritten notes and automatically transcribe the content. Directions.

Artificial Intelligence 358

Artificial Intelligence Banking Planning Documentation 358

Smart Data Collective

NOVEMBER 25, 2019

More and more often, businesses are using data to drive their decisions — which makes cutting-edge analytics and business intelligence strategies one of the best advantages a company can have. Here are the six trends you should be aware of that will reshape business intelligence in 2020 and throughout the new decade.

Business Intelligence 273

Business Intelligence Business Intelligence Predictive Analytics Data Discovery 273

Argon Digital

AUGUST 11, 2022

While not every business or agency has quite this level of document management overhead, dealing with paper forms and disorganized electronic documents costs time, money, risk, and employee burnout. From a metal cabinet to digital document management. In 1985 the first scanner was invented, and we’ve never looked back.

Documentation 105

Documentation Artificial Intelligence Data Warehouse Banking 105

Astera

NOVEMBER 13, 2024

Bank statements contain useful financial information that can be turned into important insights. With the era of manual bank statement extraction firmly in the past, intelligent document processing (IDP) and artificial intelligence (AI) offer a better way of processing bank statements and obtaining the valuable data they contain.

Banking 52

Banking Documentation Artificial Intelligence Finance 52

Smart Data Collective

SEPTEMBER 26, 2019

Whether it’s in the banking sector, health, communication, marketing, or entertainment, Big Data has permeated every aspect of our daily lives. Each one of us contributes towards the generation of data in the form of images, videos, text messages, documents, emails and so much. Software Development Remains a Driving Force of Big Data.

Big Data 207

Big Data Banking Cloud Computing Artificial Intelligence 207

Analysts Corner

SEPTEMBER 28, 2023

Morgan’s Development of a ChatGPT-like AI for Investors by Nilimesh Halder, PhD In a world increasingly driven by artificial intelligence (AI), innovative companies continually explore new ways to integrate AI technology into their operations to create more efficient, personalized, and sophisticated services. A prime example is J.P.

Enterprise Architecture 130

Enterprise Architecture Artificial Intelligence Logistics Process Modelling 130

Astera

DECEMBER 11, 2024

The ability to extract key data points from a document accurately and timely is invaluable for businesses as decision-making depends on it. In a bid to enhance their existing document management and processing workflows, business and data leaders often engage in the OCR vs. IDP debate. IDP stands for intelligent document processing.

Documentation 52

Documentation Vision Artificial Intelligence Digital 52

Astera

DECEMBER 3, 2024

For instance, AI can help mortgage lenders by: streamlining and automating manual tasks like document processing, identifying data anomalies and frauds, measuring and managing risk better, and evaluating customer behaviors for more personalized solutions. AI + Mortgage Document Processing: What Is It?

Documentation 52

Documentation Customer Experience Customer Experience Banking 52

Analysts Corner

AUGUST 8, 2023

> Keep reading… 3) Identifying and documenting business rules by Karl Wiegers My friend Jeremy visited his local blood bank’s website and made an appointment to donate blood later that day. So these days, you probably want to know how Artificial Intelligence (AI) can affect the work of an IT Business Analyst. >

Enterprise Architecture 130

Enterprise Architecture UML Artificial Intelligence E-Commerce 130

Analysts Corner

APRIL 26, 2023

This article delves a little deeper into the answer I gave my uncle and shares a vision of the future that is taking shape with the diffusion of this language models based on artificial intelligence technology. > > Keep reading… 5) The billion dollar question: will artificial intelligence/machine learning replace humans?

Enterprise Architecture 130

Enterprise Architecture Artificial Intelligence Business Analysis Business Analysis 130

Astera

APRIL 2, 2023

With the rise of artificial intelligence (AI) ushering in a new era of efficiency and accuracy, we’ve seen significant growth in the financial realm. In the finance industry, this can include everything from invoices and receipts to bank statements and tax documents. The finance industry is no exception!

Finance 52

Finance Documentation Artificial Intelligence Data Quality 52

Astera

JUNE 14, 2023

What is Document Data Extraction? Document data extraction refers to the process of extracting relevant information from various types of documents, whether digital or in print. The process enables businesses to unlock valuable information hidden within unstructured documents.

Documentation 52

Documentation Supply Chain Healthcare Logistics 52

Astera

JULY 11, 2023

Simplifying Real Estate Financial Management: What to Look for in an Automated Bank Statement Data Extraction Solution In the dynamic world of real estate, professionals face the exciting challenge of handling a significant volume of bank statements as part of their financial operations. How Does Automated Data Extraction Work?

Banking 40

Banking Artificial Intelligence Data Quality Documentation 40

CMW Lab Blog

MARCH 15, 2023

Artificial intelligence, robots, automation, machine learning, process management – all these serve business purposes. It involves the use of many different technologies: robotic process automation (RPA), artificial intelligence (AI), machine learning, business process management (BPM), low-code/no-code.

Digital Transformation 52

Digital Transformation Artificial Intelligence Banking Healthcare 52

Domo

SEPTEMBER 11, 2017

Fighting fraud Authenticating customers and fighting off fraudulent activity is a serious and costly business for banks and other financial institutions. Artificial intelligence promises to help make these tasks easier through a variety of applications.

Banking 52

Banking Artificial Intelligence Retail Customer Experience 52

Whizlabs

APRIL 19, 2021

Currently she works at Microsoft and concentrates mainly on cloud computing, edge computing, distributed systems and architecture, and a little bit of machine learning and artificial intelligence. Marc has started his career as an in-house IT consultant for large investment banks in New York, London and Sydney.

Cloud Computing 145

Cloud Computing IBM Support IBM Maintenance IBM cost 145

The BAWorld

DECEMBER 23, 2023

Tasks may include creating prototypes, process diagrams, and documenting them in an SRS or BRD. This role requires skills in data analytics, including knowledge of machine learning basics, artificial intelligence, and programming languages like Python.

Banking 52

Banking UML Business Analysis Business Analysis 52

The Uncommon League

MAY 26, 2020

Artificial intelligence, virtual reality, chatbots and augmented reality are some of the advanced technologies legacy systems may not support, according to the team at European IT solutions delivery center ScaleFocus. If banks offer mobile accounts, could they reach a younger clientele? What Are Competitors Doing?

Digital Transformation 55

Digital Transformation Digital Documentation Banking 55

Astera

FEBRUARY 19, 2024

As businesses continue to deal with an ever-increasing volume of forms, invoices, and documents, the need for accuracy, speed, and adaptability in data extraction has never been more pronounced. OCR may struggle with documents that have complex or specific layouts and structures, such as multiple columns, tables, or graphs.

Supply Chain 40

Supply Chain Documentation Banking Healthcare 40

Cprime

MARCH 7, 2024

The use of generative AI apps in banking, investment, and financial planning organizations has surged, reflecting the industry’s push toward automation, efficiency, and personalized services. It’s right up there with the maturation of the Internet, and may eventually even surpass that.

Banking 52

Banking Government Agile Big Data 52

Astera

APRIL 28, 2023

Artificial intelligence (AI) and chatbots have been making significant strides in recent years, with a growing number of industries and businesses adopting the technology to improve customer experiences and streamline operations. Learn how Astera has implemented AI-powered document processing to enhance user experience.

E-Commerce 40

E-Commerce Artificial Intelligence Healthcare Customer Experience 40

Cprime

JANUARY 30, 2024

Artificial Intelligence (AI) is reshaping healthcare, promising transformative changes across diagnostics, treatment, and operational efficiency. AI-Enhanced Diagnostics in Healthcare Artificial Intelligence is significantly transforming the field of diagnostics in healthcare.

Healthcare 52

Healthcare Innovation Artificial Intelligence Cybersecurity 52

Argon Digital

OCTOBER 24, 2022

Reduce manual interventions by bank employees for new consumer bank account opening from 40% to 20%. Because automation tools can range from simple robotic process automation (RPA) scripts to advanced artificial intelligence (AI) and machine learning, you must keep your solution aligned with the project and timeline. (By

Banking 52

Banking Artificial Intelligence Business Analysis Business Analysis 52

Astera

FEBRUARY 2, 2024

Form processing can extract relevant information like policy details, incident descriptions, and supporting documentation, streamlining the claims processing workflow. Bank Loan Applications: Banks and financial institutions receive loan applications with standardized forms.

Healthcare 52

Healthcare Documentation Banking Data Quality 52

Whizlabs

JUNE 22, 2021

He is a constant contributor to Document Strategy. I started working in a bank as a combination mailroom clerk and, while they did not call me this, a records manager. I find the use of Artificial Intelligence (AI), robotics, and evolving forms of autonomous automation extremely interesting. What was your first job?

Cloud Computing 52

Cloud Computing Artificial Intelligence Logistics Banking 52

The BAWorld

DECEMBER 21, 2023

This involves conducting interviews, surveys, and studying existing documents. This process often involves creating documentation, such as system specifications, that guides the development team in creating the desired outcome. Retail Banking is resilient with a growth rate of 4% in 2022 -2032. in 2022 -2031. in 2022 -2032.

Artificial Intelligence 40

Artificial Intelligence Innovation Logistics Documentation 40

Astera

JULY 11, 2024

These often lack proper documentation and require specialized knowledge to maintain and update. COBOL-Based Applications Description: Applications written in COBOL (Common Business-Oriented Language), often used in banking, insurance, and government sectors. Example: MEDITECH MAGIC, used by many hospitals and healthcare facilities.

IBM Maintenance 40

IBM Maintenance IBM Support IBM cost Supply Chain 40

Astera

AUGUST 15, 2023

It automates tasks such as mortgage application submission, document verification, and loan underwriting, enabling faster turnaround times. It minimizes the reliance on paper-based documentation, streamlines workflow, and reduces administrative overheads.

Finance 52

Finance Data Security Customer Experience Customer Experience 52

Astera

MAY 6, 2024

Whether it’s choosing the right marketing strategy, pricing a product, or managing supply chains, data mining impacts businesses in various ways: Finance : Banks use predictive models to assess credit risk, detect fraudulent transactions, and optimize investment portfolios. These tools enhance financial stability and customer satisfaction.

Data Mining 52

Data Mining Supply Chain Data Quality Visualization 52

The BAWorld

NOVEMBER 22, 2021

Machine Learning is a branch of artificial intelligence based on the idea that systems/models can learn from data, identify patterns, and make decisions with minimal human intervention. For example, accurate data processing for ATMs or online banking. for accurate analysis. Machine Learning. Predictive Analytics.

Data Analytics 98

Data Analytics Data Analytics Data Warehouse Data Modelling 98

Analysts Corner

APRIL 2, 2023

This article delves a little deeper into the answer I gave my uncle and shares a vision of the future that is taking shape with the diffusion of this language models based on artificial intelligence technology. Translate entire documents from or to another language.

Artificial Intelligence 130

Artificial Intelligence Digital Digital Transformation Business Analysis 130

Astera

OCTOBER 24, 2024

What if your document processing system could do more than categorize documents and extract data, no matter the format? That’s exactly what you can do with intelligent document processing (IDP) software. The best part?

Documentation 52

Documentation Artificial Intelligence Banking Healthcare 52

Astera

DECEMBER 6, 2024

To do so, it uses a combination of artificial intelligence (AI)-powered tools such as intelligent document processing (IDP), robotic process automation (RPA), and workflow orchestration. These invoices can be in the form of scanned documents, PDFs, or other formats.

Banking 52

Banking Documentation Artificial Intelligence Digital 52