Information Analytics

Litera has announced the acquisition of Kira Systems (“Kira”), a developer of machine learning contract review and analysis software. This follows the recent purchase of Australia’s DocsCorp and its suite of software and services for document professionals who use enterprise content management systems.

Cortical.io has announced the release of Contract Intelligence 4.5, an artificial intelligence software that automatically and accurately searches, extracts, classifies and compares key information from agreements, contracts, and other unstructured documents like policies and financial reports. Contract Intelligence uses Natural Language Understanding (NLU) to analyse relevant information from large quantities of documents quickly and with an accuracy that is difficult to achieve at scale with manual labour or with other contract analysis tools.

With the pandemic pushing life further online and remote work becoming the norm, companies face growing risks and challenges with “dark data” – data collected and stored but never used. Much of this “dark data” hides in documents, spreadsheets and content scattered across the enterprise on shared drives, Microsoft 365 and SharePoint. 

Businesses live by their processes—the prescribed sets of actions their employees take to get things done. When processes run well, the business runs well. When processes run poorly, the business risks a host of hazards, from loss of revenue to customer dissatisfaction to compliance violations. Most businesses have a general idea of how their processes should run, but lack insight into the day-to-day details of execution. Without this insight, how can they make improvements that yield real results?

Singapore-based Straive has announced the launch of its Straive Data Platform (SDP) focused on allowing organisations to derive actionable insights out of unstructured datasets. With its cloud-native and microservices-based architecture, SDP extracts and enriches data from any unstructured source and enables enterprises to harness the power of all data.

TDWI, a provider of education and research for analytics and data management, has launched a new online assessment tool for evaluating an enterprise’s level of data literacy. This questionnaire aims to objectively measure how well employees understand and interact with their data - and communicate the results of their analysis - enabling them to meet their organisation’s analytics needs.

Data and analytics leaders know that without good governance, their investments in data and analytics will fail to meet key organizational demands such as revenue growth, cost optimization and better customer experience.What D&A leaders urgently need are data governance best practices and practical steps to create an effective foundation for data and analytics.

Did you miss the Microsoft Inspire keynote this year? Have no fear! Click here for a full rundown of the most important highlights.

In many organisations, the path to an AI-enablement is littered with mistakes, false starts and wasted investment. In an environment where 70% of digital transformations fail, it is crucial to maximise the likelihood of success by learning from others who have gone through this journey. 

Victoria has announced it will spend $A35.2 million to develop Digital Twin Victoria - a data-based digital replica of the state.

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