Looking Back on 2018. So where has the year gone?
2018 has been a truly transformative year for all of us courtesy of those innovative changes in our product lines and the enthusiasm of our experts to share their experiences with you through ABBYY Blog. At a time like this, we all relax, slow down, and reflect on the outgoing year.
The Impact of AI on the Legal Profession
As some of you might know – but most of you probably don’t – I am the lead author (along with three tremendous co-authors from the law firm of HoganLovells) of a recent article in the Yale Law School Journal of Law and Technology: Lola V. Skadden. Our article looks at the explosive, exponential growth of Artificial Intelligence (“AI”) and what the law as a profession along with individual lawyers can – and should – do about it.
Strengthening Privacy Rights with Privacy Enhancing Technologies
More rigorous privacy regulations such as the EU GDPR and a number of US privacy initiatives such as the recently ratified California Consumer Privacy Act impose higher standards on data controllers and processors to safeguard privacy rights – including data subject consent management, accommodating data subject requests, data portability and more onerous data controller and processor accountability standards.
Contract Analytics Use Cases: Uncover Unrealized Revenues
There are measurable direct and indirect benefits associated with the application of contract analytics to financial processes such as procure to pay and order to cash. There are specific areas where finance organizations stand to achieve cost efficiencies and realize incremental profits. Invariably, contracts include price, volume and discount terms.
The Power of Content Intelligence to Transform Contracts into Actionable Intelligence
Now that we have covered the value of contract analytics, and before we get into the specific use cases, it might be useful to take a closer look at the capabilities needed to leverage the power of content intelligence. First, as table stakes for this game, is powerful recognition capabilities.
Intelligent Capture will transform how service industry operates
Data capture from paper of electronic documents is an essential step for many business processes, and often is the initiator for customer-facing business processes. Capture has traditionally required human effort – data entry workers transcribing Information from paper documents, or copying and pasting text from electronic documents – to expose information for downstream processing.