The volume of unstructured data—freeform information that does not fit neatly into databases organised by fixed categories—is exploding. By 2022, 93% of all digital data will be unstructured, IDG Research predicts.
Document sprawl across multiple silos effect every organisation. According to AIIM, 52% of organisations have three or more document or content systems another 22% have five or more systems. Most of these content repositories don’t talk to each other forcing users to work across multiple applications to access the documents they need to perform their daily jobs. This sprawl has resulted in additional costs and risks to these organizations.
Data privacy awareness has recently gained momentum, thanks in part to the Cambridge Analytica data breach and the introduction of the European Union’s General Data Protection Regulation (GDPR). One of the key elements of the GDPR is that it requires companies to simplify their privacy related terms and conditions (T&Cs) so that they are understandable to the general public. As a result, companies have been rapidly updating their terms and conditions (T&Cs), and notifying their existing users.
Whether you’re aware of it or not, artificial intelligence (AI) has a ubiquitous presence in our lives today – think the personalised playlists on Spotify or the ‘Recommended for you’ lists on Netflix, both of which use AI to curate a selection tailored just for you. Now its presence is being felt in the area of document management, with AI and cognitive computing set to revolutionise the ways in which we store, archive, process and extract information.
Intelligent technologies broaden every sphere of business opportunity, including office work. Now, never-tiring digital employees – software robots – are entering into marketing, sales, accounting and HR.
The Australian government says it will work to progressively adopt electronic invoicing (eInvoicing) across all levels of government. Minister for Revenue and Financial Services, the Hon Kelly O'Dwyer MP, said embracing eInvoicing is a win-win situation, which will both improve government processes and help businesses.
Employers are increasingly gathering data on employees – from workplace behaviour to social media use and other personal information -- to produce insights that benefit the business. This raises a significant question. Is your employer watching your every move?
The Auditor-General has launched another scathing indictment of record-keeping practice in the Australian federal government, following a wide-ranging investigation into the Australian Border Force (ABF), a mega agency created in 2015 through the merger of the border control functions of the Department of Immigration and Border Protection and the Australian Customs and Border Protection Service.
Many technological advancements in the past 100 years have changed the way businesses operate, but perhaps none will have a greater impact than Artificial Intelligence. The past few years have seen new wave of innovations brought about by Artificial Intelligence (AI) that automates business processes and improves efficiencies across enterprises. A recent research by PwC reveals that Artificial intelligence (AI) will contribute as much as $15.7 trillion to the global economy by 2030. That enormous value creation comes from productivity gains resulting from automating business processes and augmenting the existing labor force, as well as increased demand for higher quality and more personalized AI-based products.
