Taming the Paper Juggernaut: Managing Document Complexity in Commercial Insurance
Every day Brokers and Carriers produce, read, interpret, and process a complex myriad of documentation including policy documents loss run reports, binders, quotes, financial statements, and more. And for all the talk about automation and streamlining workflows, the vast majority of these documents are still being processed manually. Managing this and taming this paper juggernaut […]
AI-Powered Intelligent Document Processing: Reshaping the Commercial Insurance Industry
Introduction The rapid evolution in Artificial Intelligence (AI), especially in handling unstructured content, is poised to reshape the commercial insurance sector. While the industry’s business requirements remain unchanged, the way they are handled is set for a paradigm shift. Commercial brokers manage vast amounts of client information that turns into millions of policy documents, encompassing […]
Revolutionizing Garnishments and Levy Processes: How AntWorks’ CMR+ Delivers Unprecedented Value
In today’s challenging financial landscape, borrowers are facing increased pressure due to factors like rising interest rates, inflation, and taxes. This has led to a surge in mortgage, consumer, and credit card delinquencies, as well as tax payment issues. Financial institutions, insurance companies, and businesses across various sectors are grappling with these challenges. How they […]
Leveraging LLMs to enrich IDP Platforms- the AntWorks approach
It has become quite clichéd in articles around Generative AI to use the technology to write out the first few paragraphs to marvel on the verisimilitude achieved. So, I decided to use the same technology to write up a disclaimer, and claim back authorship rights for humanity! “An oath to LLMs, I hereby declare,That this […]
AI – Opportunity and Danger
As we entrust machines with more responsibilities, the act of compiling accurate and organized data, coupled with our subjective interpretation, becomes a habitual practice that exposes the possibility of concealed misdirection.
ISG: AntWorks, A Leader in Intelligent Document Processing
The 2022 Provider Lens report from analysts ISG has just been published and AntWorks is delighted to report that we retain our 2021 leadership position in Intelligent Document Processing (IDP). The report, which focuses on intelligent automation, is a bit of an annual event for us. It’s a reality check. When you work in a […]
Four key elements to drive digitisation effectively
In my previous blog about enterprise digitisation I concentrated on two main issues: How digitisation provides an opportunity to reconsider the limits of enterprise capability[1] and, possibly, to develop new execution skills. The importance of not getting distracted by the latest ‘shiny’ technology, and the need to focus more on business outcomes. I was swapping […]
Visualising the strengths, and limitations, of artificial intelligence
As AntWorks’ design and brand manager one of the challenges I wrestle with is how to present the complexities of AI-driven Intelligent Document Processing (IDP) visually. On a more prosaic level this is fairly straight forward. I can quite easily create process diagrams to show the order in which things happen, videos using screen recordings […]
Why you should dump your legacy OCR solution for IDP
In the days before World War I a physicist by the name of Emanuel Goldberg created a machine that could read characters and convert them into telegraph code; it was the beginning of what we now know as Optical Character Recognition (OCR). Things have moved on since then. Since the 1970s, OCR has been able […]
What happens in Vegas goes way beyond Vegas
AntWorks will be at ITC Vegas, 20-22 September 2022, Stand 2166 We all know that Vegas is a city that never sleeps. It’s also a city that never seems to blink. There’s nothing normal or particularly real about Vegas. That ‘what happens in Vegas…’ line; it signals to the world that it’s a place that […]
