In its recently published Hype Cycle for Digital Life and P&C Insurance, 2022, Gartner rates intelligent document processing (IDP) as one of the tech trends with the highest short-term benefits for the insurance industry. Yet, the market penetration is very low:...
Lease abstraction is an important and critical part of many industries including commercial real estate, accounting, and legal. The process of extracting key and frequently used information within complex lease agreements into a concise easy to read summary, allows...
What is IDP? The recent years have been characterized by digitalization efforts across all industries in order to transform business operations, automate key processes, gain operational efficiencies and improve customer experience. According to McKinsey Global...
For any company dealing with large quantities of information, finding an effective Intelligent Document Processing (IDP) solution is a great opportunity to improve process efficiencies, reduce costs and increase margins. However, IDP is a large bucket that encompasses...
Various industry estimates put the cost of inefficient contracting anywhere from 5% to 40% of the total contract value. These costs come from the time spent in researching terms and conditions to make sure new contracts are consistent with standard practices, or from...
Green Tech has been around for the past twenty years but has only gained traction recently due to the rising concerns about global warming. The green tech and sustainability market was valued at $11.2 billion in 2020, and it is expected to reach $36.6 billion by 2025....
The debate about the energy greediness of large AI models is raging. Recently, an AI ethics researcher at Google was dismissed because she had pinpointed the upward spiral of exploding training data sets. The fact is that the numbers make one’s head swim. In 2018, the...
Automated extraction solutions bear the promise of freeing up subject matter experts from tedious and error-prone manual review tasks. AI software can easily extract agreement terms or clauses, expiration dates, and more. If their results are accurate, these solutions...
To strengthen its position in the AI technology race, Europe needs a new approach. The Artificial Intelligence (AI) and Machine Learning (ML) landscape is largely dominated by two powers that are investing enormous resources to assert their dominant positions: the US...
Today, companies are overwhelmed with the flood of digital communications from email, messaging, Twitter and other sources. Reacting in a timely manner to masses of messages spilling through different communication channels has become a business challenge for...
The latest worldwide developments regarding confinement and, in some countries, the obligation to work remotely from home, have caused organizations and consumers alike to more heavily rely on email. This has generated a tsunami of emails for organizations used to...
Contract Intelligence – the Lifeblood of Contract Management When it comes to contracts, every business learns to deal with several important contractual facts of life. One is that contracts need to accurately protect the company’s business interests while...
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