Information Analytics

The teaming of advanced machine learning technologies with traditional OCR and Robotic Process Automation (RPA), is providing new possibilities for organisations overwhelmed with processing a digital deluge of messages and documents. Frank Volckmar, Managing Director of TCG Australia and New Zealand, believes the possibilities unleashed by these new cutting-edge technologies have unleashed a new paradigm, variously described as ‘Hyperautomation’ or ‘Capture 2.0’.

California's Sonoma County has turned to South Korean visual recognition AI firm, Alchera Inc. to provide early warning alerts of pending “wildfire” events (commonly described in Australia as bushfires).  Alchera will offer consulting services to develop and deliver products utilizing state-of-the-art fire detection technologies based on machine learning with Artificial Intelligence (AI). The firm's visual anomaly detection solution can detect the start of a wildfire from a simple video.

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.
 

Pages