Information Analytics

ElectrifAi has announced the release of ProcurementAi, a cloud-based SaaS product utilizing AI to provide real time actionable insights into spend and contract data.

When we first attempted to define cognitive computing, we found clear differences between it and AI. We posited that for software to be considered a new type of computing - “cognitive,” it must solve problems that were insoluble today. This new class of problem has no precise answers. Instead, it is open to interpretation - it is ambiguous or has no one right answer that is amenable to computation.

Everything accomplished in an organization requires a series of business activities, which together comprise a process. Whether the organization is a hospital, bank, manufacturer, or any other type of business, its level of success is directly tied to how well it performs and manages its many business processes.

Today’s companies put huge efforts into negotiating the best terms with their suppliers. Procurement teams regularly spend weeks or months going back and forth on contract terms and volume discounts to get the most bang for their buck. Too often, these savings aren’t realized.

We commonly accept that Enterprise Architecture is informed by business strategy. This assumption is deeply embedded in our mainstream methodologies, so why do so many architectural projects go wrong at great operational and financial cost?

DocuSign has announced its intent to acquire one of the leading contract analytics and AI technology providers, Seal Software, for $US188 million in cash.

US startup Obviously AI has launched a Web platform that promises to put the power of machine learning and analytics in the hands of non-technical business users, by providing hosted data analysis and natural language queries

Lexalytics has announced that its entire text analytics and natural language processing (NLP) product suite is available for deployment in any computing environment - on-premises; private, public or hybrid cloud; or individual workstation.

​​​​​​​Indium Software, a niche technology solutions company, has launches its flagship product ‘teX.ai’ — an Ai based Text Analytics suite of solutions to offer data scraping, validation, classification, summarization, clustering, topic modelling and more.

Process Analytics is a specialized branch of business intelligence. It utilizes the same data as most other types of analytics however it views them as the traces of business processes. It connects multiple records belonging to the same business entity (patient, online order, insurance claim, etc.) and brings up a lot of information about the process behind these records.

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