-GeneralCloud versus On-Premise – Part 1The decision between a Software-as-a-Service (SaaS) or in-house respectively on-premise solution is a crucial aspect of any IT strategy. This is particularly important for large enterprises looking for competitive advantages in a highly competitive market.At the beginning of the cloud... January 26, 2020Read more
-GeneralThe 4 waves of AI: Does the winner take it all?Last June, I read Kai-Fu Lee’s book “AI Superpowers: China, Silicon Valley and the New World Order“. A book that was kind of preparing me for topics that I have been gradually getting to know from a whole new perspective... January 17, 2020Read more
-CompanyHow we revolutionize document processing with machine learningAt Parashift, we focus on leveraging pragmatic state-of-the-art machine learning (ML) technologies to solve specific problems for our clients thanks to Intelligent Document Processing. The problem at the heart of this is the structured data extraction of all kinds of... January 14, 2020Read more
-GeneralThe market for document extraction software is gaining ever more relevanceAccording to a new market report from Transparency Market Research, the global market for document extraction software is expected to grow to $12.6 billion in annual revenue by 2027. This represents an annual growth rate of approximately 10 percent over the... January 7, 2020Read more
-GeneralIntelligent Process Automation: Next-gen automation softwareThe market dynamics have changed quite significantly for most companies in recent years. This has resulted in new opportunities but also challenges. As a consequence, and influenced by increasing competition, these companies need to restructure and reorganize themselves so that... January 1, 2020Read more
-GeneralCritical functionalities of robotic process automation software & what you should pay attention to during evaluationOn December 3rd 2019 Gartner published its “Critical Capabilities for Robotic Process Automation” report. Here are the most important takeaways: Key Findings Recommendations Enterprise architecture and technological innovation leaders evaluating RPA tools and techniques for technology-based digital transformation should pay attention... December 19, 2019Read more
-GeneralNo idea about AI? Never mind! That’s why the implementation also works just fine without any know-howAI is ubiquitous. If not in active use, then in conversations with colleagues at work or at the family celebration when everybody sits at the table. But well-founded knowledge of what is being talked about is rarely present. So, it’s... December 18, 2019Read more
-GeneralWhy extraction rates don’t matterPrograms for the automatic processing of documents are always used when documents are to be automatically classified and data extracted. In detail, this means that it must be determined what kind of document it is (contract, correspondence, invoice, …) and... October 23, 2019Read more