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Showing posts with the label AI in finance

Welcome To The World Where Machines Do Better

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  Artificial Intelligence Machines learn like humans “Just think how we have learned to understand something, or how we have learned to infer something,”. “That’s the evolution of intelligence a human being has, the same thing happens with a machine, also, so slowly they start learning things, slowly they start understanding things, and in that way, they can start inferring things, and that inference is what can lead to machine learning, or we can say,  artificial intelligence .” Priya Thampi ,  VP Engineering Explains – Why customers believe in  Infrrd ’s  approach and how Infrrd’s technology is making a difference from others. READ MORE

AI Makes Expense Reporting Easy

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Rindegastos , a Chile-based cross-platform application that digitizes the expense reporting process, had a problem. It needed to process receipts from Chile, Argentina and Peru, but being able to read the data from different countries and detect which country the receipt was coming from turned out to be a tall order.                              READ MORE   ........

What makes Infrrd Intelligent Data Capture (IDC) better than OCR?

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Infrrd’s current wave of technologies has tested a multilayered extraction model successfully that employs a suite of advanced  AI-technologies  to streamline the operational process. This is a result of a months-long effort in finding the right composition of technical modules. The following details provide a bird’s eye view to the multilayer architecture and its capabilities. Originally published at  infrrd.ai  

How To Stop Manual Data Entry And OCR From Stalling Your Intelligent Automation Strategy

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There’s  tremendous value  trapped in your unstructured data, complex documents, and images.  Extracting it manually is slow, expensive, and doesn’t scale well.  OCR has its performance limits and eventually hits a wall.   How can you  remove this bottleneck? This new  AI-driven  approach to data processing can do far more than OCR.  What is IDP?  Why is it different? When is it better? Is it right for me? This ebook is an executive guide to  Intelligent Data Processing , a new AI-driven solution that can  unlock the data  you need to drive intelligent automation and improve business processes.   Intelligent Data Processing Get an overview of IDP, explained in simple terms.  Learn what it is, why it’s  fundamentally different from OCR , and how it can be applied to remove bottlenecks in your business. Includes three examples of  typical use cases .  Download Now To Know More : ...

How AI Is Disruptive Innovation For OCR

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How AI can Solve your OCR Problem The success of your  Intelligent Automation  strategy depends on your ability to extract necessary data from paper-based documents such as contracts, manuscripts, books, invoices, receipts, etc. and convert it into machine-readable text.  Unless you want a manual data entry bottleneck in front of your whole automation process, step one of your automation strategy should include the automation of that data extraction process.                                         READ MORE

How AI And Deep Learning Algorithms Deliver OCR Accuracy For Business

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Intelligent Data Processing The technology that enables us to extract information from scanned images of printed or handwritten documents is called  Optical Character Recognition  or OCR.  Accurate and reliable data extraction  plays an important role in finance, accounting, electronic health record updates, insurance claims processing, personal and national security, logistics documentation, and legal documentation.                                       READ MORE

Can Deep Learning and AI Help in Preprocessing Images for OCR?

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Artificial Intelligence Deep learning is an emerging subset of  artificial intelligence  in which systems are developed to learn from observation and make decisions without human intervention.  Deep learning systems seeks logical patterns in unstructured and uncategorized data sets and, as we saw in  How Artificial Intelligence And Deep Learning Algorithms Deliver OCR Accuracy for Business,  has powerful applications in  optical character recognition (OCR)  conversions. The OCR conversion process uses the following four steps:                                 READ MORE .........

Critical Questions: How To Automate Data Extraction From Tables

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Intelligent Data Processing Extracting data from tables  isn’t quite as easy as it should be. If you read up about just how wrong the Rolling Stones were when it comes to  extracting data from tables ,  you already know! Automating data extraction  —  even when it comes to  complex tables  and charts  — is not as tough as you’d think. Find out how 𝗔𝗜-𝗲𝗻𝗮𝗯𝗹𝗲𝗱 𝗽𝗹𝗮𝘁𝗳𝗼𝗿𝗺 helps to automate data extraction from complex documents using 𝗜𝗻𝘁𝗲𝗹𝗹𝗶𝗴𝗲𝗻𝘁 𝗗𝗮𝘁𝗮 𝗣𝗿𝗼𝗰𝗲𝘀𝘀𝗶𝗻𝗴.                                                READ MORE .....

How Can I Automate Data Extraction from Complex Documents?

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Intelligent Document Processing Extracted data and information  are fed into a process. Think  Mortgage Processing, Itinerary Processing, Loan Processing, Claims Processing, RFP Response  Processing, Financial Compliance, Auditing, Expense Management, Invoice Processing, and so on.  Can you extract the full value of data and information from all these 𝗰𝗼𝗺𝗽𝗹𝗲𝘅 𝗱𝗼𝗰𝘂𝗺𝗲𝗻𝘁𝘀? Find out how to make  𝗔𝗜 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗲𝘀  work for you. Intelligent Automation                                               READ MORE  …….

Uncovering the Data Extraction Challenge of Annual Reports

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Data Extraction From Annual Reports Do you spend a lot of time daily in extracting meaningful insights from  𝐜𝐨𝐦𝐩𝐥𝐞𝐱 𝐚𝐧𝐧𝐮𝐚𝐥 𝐫𝐞𝐩𝐨𝐫𝐭𝐬 ? Annual reports come in all sorts of formats with non-standard taxonomy being the norm more than the exception. Add in that important information is always presented in tables, charts, graphs, and other containers  OCR   has difficulty reading, and the picture is clear.A single Annual Report can be up to 186 pages or more. When humans are left to manually extract critical data from each page, how long do you think a single review of a single document would take? Now what if you had hundreds? Thousands to review? Find out how  𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐭 𝐃𝐚𝐭𝐚 𝐏𝐫𝐨𝐜𝐞𝐬𝐬𝐢𝐧𝐠  platform will make your time more beneficial READ MORE

What Mick Jagger Taught Me about Data Extraction from Tables

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Data Extraction From Complex Documents How accurate is your   dataextraction  from tables? Let’s face it.  Extracting information from tables  to feed an  automation process  is as complex as it is difficult.“You can’t always get what you want” is further validated when we recognize that automating the  information extraction process from tables  is a challenge few have fully conquered. Want to get what you want AND what you need? Let’s Chat! Start a conversation to get what you want and learn a lot more about what it takes to overcome  tabular data extraction  challenges.               READ MORE ...