Information Analytics

Deemed as one of the marvels of the 21st century, Artificial Intelligence (AI), is predicted to open a gateway of opportunities for new businesses. The reality is that smart companies are implementing AI in existing processes today to ensure they are well-positioned to deal with a threatening and hyper-competitive business landscape. In 2019, growing Australian company Civium undertook a journey with solutions provider Winning Formula to deploy AI and robotic process automation (RPA) to deliver new levels of efficiency throughout the business, including in invoice processing, for its operations in Sydney, Melbourne, Brisbane and Canberra.

Australia is home to a well-developed workers’ compensation system. Each state determines the design of its scheme, with some being privately underwritten by insurers and others being state-run schemes. Claims across territories vary by industry, injury and complexity. As such, insurers need systems that can enable quality, efficient handling of claims to facilitate the health of injured parties and get them back to work as quickly as possible. Approximately three years ago, QBE’s Australia Pacific division, like many other insurers, was running what we would describe as a “process-compliant business” when it came to workers’ comp claims. Leadership wanted to do more to eliminate manual processes and take advantage of claims adjusters’ expertise to get the best result for customers and their employees. They knew technology was the key.

Veritone, Inc. has announced a strategic relationship with Alteryx, Inc., a leader in analytic process automation (APA), to deliver AI-powered insights into unstructured data sources, including video, images, audio and text. 

EncompaaS, global provider of a cloud-based compliance platform automating governance of on-premises, cloud and application information repositories, has announced the appointment of experienced U.S.-based information management and governance executive, David Gould as Chief Customer Officer.

Researchers have developed artificial intelligence technology that brings together imaging, processing, machine learning and memory in one electronic chip, powered by light. The prototype shrinks artificial intelligence technology by imitating the way that the human brain processes visual information.

Onit, Inc., a provider of enterprise workflow solutions including enterprise legal management, contract lifecycle management and workflow automation, has acquired McCarthyFinch and its artificial intelligence platform that accelerates contract reviews and approvals by up to 70% and increases user productivity by more than 50%. 

In light of the rapid shift to digital ways of working, organisations must quickly ramp up their digital transformation efforts. Richard Graham, an Associate Director at Coeus Consulting, shares six steps to include in the planning phase of digital transformation initiatives. 

Hyperautomation is a process in which businesses automate as many business and IT processes as possible using tools like AI, machine learning, event-driven software, robotic process automation, and other types of the decision process and task automation tools.
 

We are pleased to announce the new release of Micro Focus Data Discovery 3.3, the latest version of our SaaS-based File Analysis Suite. Data Discovery gives organizations multi-repository management and review across enterprise data. Identify, collect, and organize content to ensure the discovery of sensitive data. Data Discovery quickly and easily empowers customers to identify business data and take action on it.

Signals Analytics has announces a wide-ranging patent grant from the U.S. Patent and Trademark Office for the automatic extraction of information from unstructured data sources. The company says the patent validates the company's approach to enterprise AI and analytics using external data at scale, while easing the deployment and data management processes that are typically so difficult for companies to navigate.

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