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Office Workflow Distinguishing AI At the intersection of these three mega trends, we find data management solutions that leverage AI engines and algorithms to help companies sort important business information from all the other “stuff,” enabling good decisions and smart records management. Not surprisingly, many technologies have started marketing themselves as AI, so it’s important for you to understand the different types of AI and what those differences mean for your customers. Many businesses today are living with complex information challenges, because the products available in today’s marketplace simply are not capable of solving these problems. Unfortunately, as companies continue to develop software using traditional methodologies and practices, they will be unable to address these challenges. Today’s data problems require a different approach—an innovation in the very way we develop software. Here’s where AI algorithms become critical, because they allow systems to evaluate problems involving very large data sets much more quickly than today’s linear programming. An AI engine looks at the problem from an all-new perspective. How Does AI Operate Differently? Alan Turing was a British mathematician who postulated two theories of AI, both of which underlie modern computing. First, classical or deterministic programming includes software applications that execute a known series of steps in a pre-programmed sequence to arrive at a solution. These applications work well when working with a known data set that has a limited number of known possible outcomes. Most of today’s computer applications fall into this category. Second, non-deterministic AI engines can explore an exponentially large number of inputs to arrive at a previously unknown output through the recognition of patterns and categories of data. In an area of AI known as machine learning, these non-deterministic engines learn and adapt; they are not taught. This is the area of AI that promises dramatic breakthroughs in our ability to intelligently manage data processes. Confused? Without diving too deeply into the complex mathematical formulas underlying AI, you can explain the advantages of AI to your customers using this analogy: Let’s assume you are confronted by the challenge of determining which door in a hallway filled with an infinite number of doors conceals a prize. A traditional, deterministic application would open each door in turn as it sequentially moved down the hallway until the prize is located. Alternatively, a non-deterministic AI engine would approach the challenge from a new angle—perhaps finding a way to open all doors simultaneously or it may peek over the wall to see where the prize is hidden. The end result is that the non-deterministic engine solves the problem much more quickly and less expensively than the traditional software application. 18 imageSource February 2016 Real Customer: Saving Time & Money on AP The ability of artificial intelligence to more quickly and accurately sort information can play a huge roll in streamlining processes for your customers. For example, reducing the processing time and cost of invoices is a perennial goal for many CFOs, and AI can help, as demonstrated by MSI Mold Builders. Headquartered in Cedar Rapids, IA, Mold Builders designs and makes custom manufacturing molds. They receive about 1200 invoices monthly, and were struggling to address them effectively in a paper-based environment. To help automate AP processes, they implemented an ECM system in 2015, which included an artificial intelligence engine to classify invoices by type and extract important data for their accounting system. Thanks to the AI assist, they have shortened invoice processing time by more than 45 minutes per invoice and reduced the cost per invoice by almost $50. Jason Sojka, the Network and Computer Systems Manager said, “PaperVision Forms Magic has revolutionized our AP processes! We’ve been able to cut our invoice processing times by more than 75%! We’re saving the organization money and improving relationships with our business partners.” These improvements result in total annual savings for Mold Builders of $676,000. Artificial intelligence based technologies offer exciting possibilities for businesses to improve process efficiencies, boost control of information, and save money. These innovations are just starting to hit the market of products you can add to your offerings, so take the time in 2016 to understand how AI can impact your business and can grow your revenue opportunities over the next decade. You don’t want to miss this important technology trend! About Digitech Systems, Inc. Digitech Systems, Inc. enables businesses of any size to more effectively and securely manage, retrieve and store corporate information of any kind using either PaperVision® Enterprise content management (ECM) software or the world’s most trusted cloud-based ECM service, ImageSilo®. Digitech Systems has moved ECM from a luxury convenience to an essential element for every well-managed business by improving efficiency, boosting information control and saving organizations money. They are the source for EfficiencyNOW! ControlNOW! MoneyNOW! ECMNOW! Digitech Systems continues to raise the standard of excellence in the ECM sector, as evidenced by the numerous awards they have received including the InfoWorld 100, CRN’s Emerging Tech Dynamos and multiple Nucleus Research ROI Awards. In addition, Buyer’s Lab has recognized both PaperVision® Capture and PaperVision Enterprise as the best products in the enterprise capture and ECM fields. To learn more about Digitech Systems’ software and services that deliver any document, anywhere, anytime, visit www.digitechsystems.com.
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Page 6 and 7: Contents FEBRUARY 2016 | Issue 09 |
Page 8 and 9: Cover Story An Ocean of New Opportu
Page 10 and 11: Best Practices ECM Getting it Done
Page 12: Business Enrichment “…this segm
Page 15 and 16: Thank you for helping us celebrate
Page 17: 5 KEY BUSINESS GROWTH STRATEGIES TH
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