Business Process & Workflow
Artificial intelligence (AI) tools are increasingly used at work to enhance productivity, improve decision making and reduce costs, including automating administrative tasks and monitoring security. But sharing your workplace with AI poses unique challenges, including the question – can we trust the technology?
Scientists of AI-company Smart Engines have patented a system of efficient localization and identification of documents in images in the U.S. on February 7, 2023.
Lately we notice a strong proliferation of diverse classification and extraction technology providers that base their service offering solely on Artificial Intelligence (AI). Based on various AI algorithms their claim is to extract all meaningful data from documents without any human intervention.
Kognitos, a developer of Generative AI for Business Automation using Large Language Models (LLMs) such as GPT3 and ChatGPT, today announced the company has closed a seed round of funding for $US6.75 million. The funds will be used for the expansion of Kognitos's cloud-based Koncierge platform. With the addition of this seed funding, Kognitos has received $US9.35 million venture capital to date.
I lean toward the hype being overblown. Pundits are all agog with ChatGPT, language generation tool built using GPT-3. There are examples galore making the social network rounds demonstrating how ChatGPT has rustled up what looks like a sensible response to a question. It seems that the simple questions that stump Alexa every day could be passé, since ChatGPT can handle them all.
Dropbox has acquired FormSwift, a cloud-based service that gives individuals and businesses a template library and a simple solution to create, complete, edit, and save critical business forms and agreements.
Australian technology integrator RBC Group is boosting its automation capabilities via a strategic partnership with Swiss-based global company TCG Process. The new alliance will extend the functionality and scalability of RBC Group’s flagship automation platform Docs2me.
ABBYY’s latest release of Timeline Process Intelligence adds new capabilities to make process mining more accessible, easier to use, and understand business operations.
Secured Signing has announced the latest product updates and enhancements across its Remote Online Notarization and Digital Signature platform with the introduction of Notary Queue and Snapshot.
Parascript has integrated NLP technology that finds data by analysing context within a document. Intelligent capture has commonly been used to automate structured and semi-structured documents, but NLP can assist with automatically locating and extracting data from complex unstructured documents, even if the desired information is phrased in diverse ways.
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