Why AI-augmented capture?
Today’s organizations are dealing with staggering amounts of data
Globally, organizations are struggling to keep up with the 2.5 quintillion bytes of data produced each day.1 With AI-augmented capture they can gain better insight into vast amounts of data by extracting more knowledge from captured documents.
Only about half of incoming content is successfully captured and organized
Finding, organizing and routing incoming information can cost organizations upwards of $1 trillion.2 AI-augmented capture limits time-consuming, costly tasks, such as finding, organizing and routing incoming information, to help companies save.
Lack of automation adds cost, errors and delays
Manually processing content costs 63 cents per document. By implementing AI-augmented capture, organizations automate and standardize classification across applications for greater efficiency and reduced operational costs.
AI-Augmented Capture from OpenText™ Magellan™ combines AI technologies including machine learning with content capture and routing to drive operational efficiencies and minimize risk. Using both historical and realtime data to process and classify content, it leverages machine learning to improve accuracy over time.
2. Digitize where needed
3. Process, classify, extract
4. Validate edge cases
AI-augmented Capture from OpenText Magellan at work
For years, a major Financial Services company used a dedicated team of workers to receive, scan, classify and route thousands of pieces of incoming mail each day.
To gain efficiency and reduce costs, the company implemented AI-Augmented Capture from OpenText Magellan, which routes captured documents to the appropriate back-end systems and can spot exceptions, validate edge cases and create action items. Now, the bank can instantly and intelligently classify documents and route millions of pages a day, freeing up staff to focus on more strategic tasks.
OpenText Professional Services:
Al & Analytics Services
The OpenText™ Magellan™ Professional Services team includes data scientists and experts on application machine learning, text mining and algorithms in data analytics scenarios.
They have a deep expertise with Magellan and analytics technologies and are experienced working with organizations across many industries to glean insight from their data.Learn more
Get a free guided tour of predictive analytics and machine learning solutions today
- Shortcut the paperwork shuffle with AI-augmented content capture
- Why capture is a key foundation of information management strategies