It’s easy to dismiss the hubbub around AI as a classic case of overenthusiasm based on fear and greed. Inside Information Evolution’s R&D Department we know better. We found typical costs savings from re-engineering existing processes to be more than 20%, but that’s just the tip of the iceberg.
Speed: Our re-engineered data extraction and change detection engine is now available to clients without an onerous set-up process and its related expense.
Semantic Power: Traditional data extraction involves setting up complex rules for identifying and parsing fields of data embedded in documents. AI’s inherent ability to understand natural language means more accurate and faster data extraction.
OCR-less OCR: The extraction of information from PDFs, Word files, images, and other traditionally problematic source file formats has been completely transformed by AI. Tens of thousands of dollars in software license fees and IT man-hours for implementation are now a distant memory.
Foreign Languages: Translation engines were once very expensive tools that were also tricky and time-consuming to manage. Now an amateur user can easily mine, for instance, Chinese source files to retrieve accurate results in English via natural language queries.
What does this mean when taken together? It means that AI tools can substantially reduce costs, speed up your processes, and extend the scope and depth of your offering thus improving your service’s value proposition. And that’s not hype.
