What is AI-augmented capture?
AI-augmented capture is a data analytics solution that takes content capture to the next level. Leveraging artificial intelligence (AI), it improves business processes by augmenting capture with institutional knowledge derived through machine learning to automate classification, entity extraction and routing at scale. Information is captured from content in documents and routed to the appropriate workflow, based on context and priority, from the moment it enters the enterprise.
Why AI-augmented capture?
- Today’s organizations are dealing with staggering amounts of dataGlobally, 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 organizedFinding, 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 delaysManually 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.
- View the infographic (PDF)
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.
- 1. Capture
- 2. Digitize where needed
- 3. Process, classify, extract
- 4. Validate edge cases
- 5. Manage
- 6. Visualize
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.
AI-Augmented Capture from OpenText Magellan is based on select components of Magellan, a flexible AI data analytics platform, OpenText™ Captiva™ enterprise-grade capture software and OpenText™ Professional Services:
- OpenText™ Magellan™ BI & Reporting
- bCreate interactive and visually compelling dashboards and reports to share across teams and the enterprise. Upload data, control access permissions, and automate reporting and dashboarding through scheduled and event-based content generation.
- OpenText™ Magellan™ Text Mining
- Extract terms, concepts, entities, sentiments, emotions and more to unlock the value hidden in unstructured text and yield business insights.
- OpenText™ Captiva™
- Convert paper documents into application-ready digital content to lower costs, minimize risk and streamline integration to new and existing systems.
- OpenText Professional Services
- Leverage OpenText Professional Services to implement AI-augmented capture to improve processes through automation.
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