Move Over OCR – 5 Reasons Why CMR Will Help You Reach IA Aspirations

Optical Character Recognition, OCR, has been around for what feels like forever. It’s become the industry’s most widely accepted tool for data ingestion. Yet, OCR fails spectacularly in meeting the biggest challenge enterprises face – ingestion of all process data, before transportation through RPA. Namely, OCR struggles with accessing unstructured, inferred data and images which comprises 80% of an enterprise’s data.

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ANTBITES BLOG

Why Digitisation of Data is a Priority for Commercial Insurance

By Ben Platts, Senior Director, Sales Engineering | Aug 07, 2020

It’s 3 am, you are thinking about your client meeting – is your data in order? If it is in your inbox, various word templates or on paper documents, it’s not a surprise that you are awake at this hour. ...

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Global Crisis Brings Opportunity for Transportation & Logistics

Jul 03, 2020

COVID-19 continues to disrupt supply chains around the globe. Supply chains struggle to meet demand as most countries are in quarantine and have had no lead time to plan for this type of demand. Up to 75% of ...

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Achieving Invoice Automation for Every Format & File Type

Jun 29, 2020

"The overall perception of AP in 2020 continues to rise. 55% of all businesses now perceive the AP function as "very" or "exceptionally" valuable to organisational operations," according to the Ardent Partners' ...

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Process Discovery: Find Automation Opportunities You Never Thought You Had

Jun 28, 2020

RPA Often Fails Due to Lack of Process Insights According to a recent HFS study with KPMG, 44% of operations leaders are less than satisfied with their automation programmes. Further, over 50% of enterprise ...

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LIBOR Transition is Coming – 5 Steps to Help You Prepare

May 13, 2020

Forbes reports US $350 trillion dollars is the world’s most important number. It’s the term most banks and financial institutions are familiar with as this represents approximately 80% of the over the counter ...

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How Can Insurers Beat Today’s Challenges?

May 05, 2020

Insurance is a highly complex business involving multiple processes to administer existing policies, price and sell new business, renew policies and process claims.  The impact from the Covid-19 ...

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Why Digital Transformation Still Eludes Organisations

Apr 28, 2020

Digital transformation is a term that was gaining traction back in the 1990s with a resurgence in the mid- 2000s. Depending on who you ask, it’s likely you will get a different answer when you ask ...

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How AI Is Transforming the Healthcare Industry

Apr 22, 2020

Banking and financial services may have led the way in leveraging artificial intelligence to transform their business. And the healthcare industry is not far behind–investing in massive improvement and ...

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Unstructured Data–the Barrier To Digital Transformation

Apr 09, 2020

Data is at the heart of digital transformation – in fact, it’s the lifeblood of digitisation. To stay ahead of the curve, companies are trying to leverage data that makes employees and processes more productive ...

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Harness Business Process Automation Benefits

Mar 26, 2020

Every business needs to efficiently utilise all available resources effectively. According to a McKinsey Global Institute report, fully realising automation’s potential requires people and technology to work ...

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Finding Profitability in the Mortgage Loan Process

Mar 18, 2020

It’s not a surprise that mortgage companies large and small struggle to scrape a profit from processing loans. According to Mortgage Bankers Association, “independent mortgage banks and mortgage subsidiaries of ...

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The Data Chasm: Why OCR Can’t Fill It

Mar 11, 2020

Fact: around 80 percent of the data in an organisation is completely unstructured. That ‘data chasm' can include images, web pages, hand-written documents, signatures, and even mobile content. Of course, ...

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