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Resources

Talking Point: Usable Data and Actionable Intelligence

Tech Trends & Technologies That Support Digital Transformation

BI? AI? RPA? BPA? Digital Transformation?

Whatever the latest tech trend, industry buzzword or latest innovation, it all begins with DATA and the ability to transform information into intelligence.

Data forms the crux of business processes in any industry. An accurate processing of data and document-based processes provides companies with a wealth of business-ready information they can use for better decision-making.

Timely data availability also lowers the typical processing bottlenecks companies face when implementing document-based tasks.

Artsyl takes pride in publishing intelligent process automation solutions that solve the common challenges businesses are faced with due to lack of ready data availability. We have consistently improved our product offerings through regular enhancements and upgrades with each new product release of our flagship digital transformation platform, docAlpha.

“All our products and services are catered towards helping the customer succeed in their business. That’s why, we make it a point to share all the latest developments and innovations Artsyl is involved in, and the market trends we are keeping track of with all our customers. It is this knowledge that will help you decide and build a suitable digital transformation roadmap for your business”

At Artsyl, we help to keep our customers and partners up to date about the latest technology and business trends, while sharing the insights, experiences and successes of our community.

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While those trends continue to evolve and the digital revolution continues, we believe that the fundamental challenge of transforming structured data (from ERPs and other business systems) and an increasing influx of unstructured data (in the form of documents, emails, texts, images and other digital sources) into actionable intelligence is one of the biggest hurdles that companies have to overcome to achieve their visions for a more agile, informed and profitable future.

Topics, Trends and Technologies We’re Following (and Why)

Here are some of the topics you’ll see us explore online and in social media.

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As businesses evolve, so do Artsyl’s intelligent automation technology offerings.

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Intelligent Capture

It is the process of identifying and extracting critical information from incoming paper and electronic documents without extensive guidance from a user. When leveraged in combination with content management or business process automation software, organizations can use the extracted data to automate a process, track key performance indicators (KPIs) or deliver timely business intelligence. In a way, intelligent data capture enables digitization — the route to digital transformation. Machine Learning is the primary data extraction method employed in all of Artsyl’s intelligent process automation technology solutions to enable accurate data capture. This technology is combined with powerful OCR/ICR/OMR recognition software to give accurate extraction results.

Digital Transformation

We are in the midst of the NEXT digital revolution, as companies look to transform their data and digital assets into business intelligence and automated processes. KEY to achieving the promise of digital transformation is to digitize paper documents, pull together multiple sources of digital documents and data, and transform them into information efficiently and cost effectively.

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Robotic Process Automation

It is one of the core transformative technologies that aids in digital transformation. We constantly explore the continuous evolution of RPA technology solutions, through our own product development efforts as well as with developments happening across industries. A digital workforce augments businesses like no other. Artsyl taps into the capabilities of Robotic Process Automation further by combining it with cognitive technologies like Artificial Intelligence (AI) and Machine Learning to develop a congruous intelligent process automation solution that mimics human capabilities thoroughly while developing a trail of self-learnings for unattended processing. We will be talking a lot about Artsyl’s self-learning technology in combination with Robotic Process Automation (RPA) to accommodate a diverse set of document processing work. Artsyl’s docAlpha intelligent automation platform not only digitizes documents and extracts intelligence from documents — it ALSO leverages that data to automate process workflows and deliver timely reporting and intelligence. That’s why we’re so excited about continuing innovations on this front.

AI and Machine Learning

When it comes to commercial aircraft, the introduction of modern computerized systems for automatic piloting and throttle control means that for over 90 per cent of flights, a computer is in control. The rapid evolution of self-driving vehicles is just another reminder that intelligent, automated systems are on course to radically changing our personal and professional lives. AI and Machine Learning influence how technologies like Artsyl’s docAlpha Digital Transformation Platform are able to inculcate self-learning to perform document process automation of new documents. With Machine Learning, the concept of context-based, templatized data extraction is out of the window! Rather, what we have is a self-learning mechanism to drive document processing of a diverse set of document formats, and needing little to no human intervention. Artsyl’s self-learning intelligent process automation bots employ these cognitive technologies to drive process automation. Revolutions in AI and Machine Learning, and intelligent data extraction will make manual data entry obsolete and errors related to data entry a thing of the past.

Smart Process Technology

Artsyl describes docAlpha, its flagship product, as a digital transformation platform. We build smart process applications on top of that platform to make it easy for companies to quickly configure and deploy a solution to automate a defined business process like invoice processing or sales order processing.

The term smart process application was coined by analysts at Forrester Research Inc. As the demand for business agility — and business process software — increases, smart process applications are expected to change the way employees create, manage and interact with business rules.

To be considered a smart process application, the software must have five key attributes:

  • Imported or embedded awareness data relevant to the business activity
  • A collaboration platform on which people can create content needed for the activity
  • A collaboration platform on which people can create content needed for the activity
  • BPM tools for executing the steps involved in a business process
  • Document capture, document output and document management capabilities
  • Embedded analytical tools

For many companies, including most of our clients, accounts payable automation has been the first step in the journey towards digital transformation — one that produces a fast return on investment, and creates a model for initiatives in other departments and processes to boost efficiency, expand process visibility and go from pushing paper to driving innovation.

Sales order automation has become an increasingly hot topic for partners and customers who want to increase the efficiency of their sales order processing and improve control over cash flows. Businesses can also gather more data and produce more intelligence and insights around customer buying behavior using this technology. Many of our most well-attended Webinars over the years have focused on automating order processing

Medical claims processing suffers from the hallmarks of other back office processes that are prime candidates for process automation — high volumes of transactions, dependence on documents and data, heavy dependence on manual effort, a high degree of inefficiencies, and potential for errors. Aside from “horizontal” processes like vendor invoice processing and sales order processing, medical claims processing represents one of the most promising vertical applications for digital transformation and intelligent capture.

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