Modern software solutions are being installed less and less on-premises. Mostly, they run in the cloud. In many cases, this makes perfect sense. This is also the case with Parashift and its Intelligent Document Processing (IDP) solution: the modern and powerful document extraction solution is a cloud-first service.
There are a few good reasons why Parashift is a cloud-first service. Find out the top five below.
Quadrant Knowledge Solutions positions Parashift as a “Challenger” in the SPARK Matrix™ for Intelligent Document Processing (IDP) 2021 report due to its innovation capabilities
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Parashift IDP platform is a cloud-first service because…
1. …document extraction in the cloud exponentially accelerates digital transformation
2. …the cloud infrastructure is secure and reliable
3. …it enables continuous software improvement
4. …the cloud-first approach is best suited for integrators
5. …other general advantages speak in favor of cloud-first
1. …document extraction in the cloud exponentially accelerates digital transformation
Digital transformation requires the automation of various processes. This also applies to document processing. Only with correct data from documents can it be automated. For the best possible extraction performance, various intelligent technologies are needed and these can only really develop their full potential in the cloud. We are talking about Document Swarm Learning. Thanks to state-of-the-art AI technologies for capturing, classifying and extracting unstructured documents combined with the cloud-first approach, global AI training can be achieved across all customers and across billions of data points. With the cloud-first service, Parashift thus provides enterprises with a powerful IDP solution that exponentially accelerates their digital transformation.
2. …the cloud infrastructure is secure and reliable
The cloud infrastructure serves as an excellent medium to provide companies with the highest level of security. The cloud platform is of course fully GDPR compliant and the data is always protected according to the latest IT security standards.
At the same time, the cloud is the most reliable infrastructure for harnessing the full potential of Document Swarm Learning.
Are you also planning to switch to cloud-based AI OCR? Get your free whitepaper now to keep key considerations at the top of your mind.
3. …it enables continuous software improvement
The effort required for software improvements with traditional on-premises solutions is large and well known. A cloud-first service, on the other hand, allows continuous software improvements that require little or no effort.
In addition, cloud-first service can also be used to continuously expand the range of new standard document types. Thus, an optimal user experience is created for customers.
4. …the cloud-first approach is best suited for integrators
The cloud-first approach also makes the implementation of Parashift’s powerful IDP platform a highly welcome solution for integrators. The ease of integration via REST API into virtually any existing system is a big plus.
Thanks to the ease of use, integrators can activate necessary document types themselves with just a few clicks when onboarding new clients. The time-to-solution can thus be shortened considerably.
5. …other general advantages speak in favor of cloud-first
Using Software as a Service (SaaS) in a cloud setup has other benefits for customers, including these:
- No high initial costs: There are no expensive projects required
to get started with cutting-edge document extraction
- No maintenance costs: Costs are already included in annual or monthly pricing
- High agility and flexibility for businesses in general: Agile cloud infrastructure leaves room open to scale up
