-GeneralThe advantages of standardized REST APIsBefore we go into detail about the REST API, also called Application Programming Interface, here an exemplary attempt to explain why APIs, in general, are so practical: Since APIs work according to the principle of “Plug and Play”, the comparison... March 5, 2020Read more
-Finance & InsuranceThe potential of intelligent document extraction for the leasing industryThe leasing of a wide range of assets, both for private individuals and companies, is becoming increasingly popular due to its many advantages. However, increasing competition and the rising costs for administrative processes and compliance result in more meaningful pressure... February 21, 2020Read more
-GeneralTemplate-based OCR versus machine learning-based OCRSince computers have become established and documents have gradually become more and more needed in digital form, the way in which they can be converted has changed a lot. Fortunately… I say fortunately because the work of document capture per... February 14, 2020Read more
-GeneralCloud versus On-Premise – Part 2In the last blog post, we briefly covered the evolutionary history and the main advantages and disadvantages of cloud and on-premise solutions in general. In this part of the blog article series, we will now become more specific and take a closer... February 4, 2020Read more
-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