Industry Insider

Optical character recognition (OCR) technology from ABBYY is helping Melbourne-based financial software developer FinSuite to ease the burden on financial institutions in extracting and standardising data for business loan risk evaluation and processing.

RBRO Solutions has launched a real-time, web-based monitoring solution for iManage Work (formerly HP WorkSite) document management system (DMS) environments, enabling administrator’s unprecedented access to information in real-time from a very simple but powerful user interface.

Records and Information Management (RIM), in many industries, is a fading requirement. Don't get me wrong; archivists in city clerk offices, holders of historical artefacts and documents, much of the medical industry - particularly in different parts of the world, and other areas of information management will still thrive with RIM professionals, librarians, and archivists. However, in the engineering sector - RIM just does not cut it anymore.

Paper. That’s the one thing all businesses have in common in some shape or form. The difference is that some businesses are drowning in it while others have taken the steps to manage and maintain it.

Hmmm … how long has that carton of milk been in the fridge?  Take it out and give it a sniff, then check the expiration date.  Whew, still good for tomorrow’s coffee. Unfortunately, knowing if your digital records will still be usable in the future isn’t quite so easy.

For decades, organizations have struggled with the need to extract business-critical data from unstructured sources to drive better decision-making. Human effort cannot match the volume of information in business today, and technology solutions have been unable to fill the gap … until now.

During meetings, conferences and training sessions, I am often asked “What can we do to make business processes more efficient? What tools do we need and, most importantly, where do we begin?” It is an absence of answers, experience and motivation that form the greatest obstacles to progress.

Of course a File Plan and a Taxonomy are not the same thing, but I bet that title got your attention!  Although, I would bet that many folks from the document imaging industry do not really understand what a File Plan is, because most of the time Records Management is outside the bounds of what they are implementing.

A series of deadlines is looming for Australian government agencies under the Government’s Digital Continuity 2020 policy which aims to have all transition to entirely digital work processes by December 31 of that year.

Crossing the gulf from managing data to fine-grained information management is not just a challenge being faced by large organisations, the same journey is underway at many vendors of traditional backup and recovery solutions. Commvault has been undertaking the leap via its flagship Commvault Data Platform.