ContextAPP Unified Approach
ContextAPP EXECUTIVE SUMMARY:
By most estimates, up to 90% of enterprise data is unstructured and never analyzed (Marr, 2019); 70% in the form of text (e.g., emails, documents). By the end of 2021, more than 80% of organizations will fail to develop a consolidated data security policy across silos, leading to potential noncompliance, security breaches, and financial liabilities. (Davis, 2019) 71% of enterprises struggle with managing and protecting unstructured data (Rizkallah, 2017), and leading Robotic Process Automation vendors estimate that ~50% of their workflows still begin with a document. In addition, many organizations fail to leverage their data in a manner that produces insights into their processes, leading to potential loss of revenue or efficiencies.
Context – Unified Approach to Extracting, Normalizing and Analyzing Unstructured Data
BUSINESS AND TECHNICAL CHALLENGES:
There are few turn-key, out-of-the-box solutions that organizations can use to solve their problems. Most tools require custom development and API integrations that take months to implement and may not lead to a well-integrated solution. Once the data is extracted, organizing and normalizing different data structures can be daunting for most organizations and lead to cost overruns and delays. Data analysis can be challenging because the data is not organized in a single place, leading to siloed Analytics.
Lastly, training custom models to extract relevant information requires significant investments and resources towards efforts that lead to little to no gain for organizations.
As of 2020, 80% of AI/ML projects have failed for reasons
that can be summarized into the 4 points (MV, 2020):
1) Challenging to get AI Projects off the ground
2) Non-AI data tasks take the longest
3) Integration between technologies
4) Custom Development is time-consuming
Executive Summary
Our team at Aretec has developed a fully integrated AI platform called ContextApp that takes the complexity out of AI. Context gives organizations control over their data and analytically empowers their workforces so that anyone can work with AI without understanding code. Our user-centered design, along with industry-leading AI models, allow organizations to upload, organize and analyze their unstructured datasets without any need to develop code or AI/ML models.

BUSINESS AND TECHNICAL CHALLENGES:
There are few turn-key, out-of-the-box solutions that organizations can use to solve their problems. Most tools require custom development and API integrations that take months to implement and may not lead to a well-integrated solution. Once the data is extracted, organizing and normalizing different data structures can be daunting for most organizations and lead to cost overruns and delays. Data analysis can be challenging because the data is not organized in a single place, leading to siloed Analytics.
Lastly, training custom models to extract relevant information requires significant investments and resources towards efforts that lead to little to no gain for organizations.
As of 2020, 80% of AI/ML projects have failed for reasons
that can be summarized into the 4 points (MV, 2020):
1) Challenging to get AI Projects off the ground
2) Non-AI data tasks take the longest
3) Integration between technologies
4) Custom Development is time-consuming
-
26 Feb 2022 AI SOLUTIONSKnowing about AI and Automation for Digital Transformations
-
25 Feb 2022 Cloud PlatformRecords Management Roadmap - AI for Documents Content and Records Management
-
22 Feb 2022 AI SOLUTIONSWhy are Records Management Systems So Important in 2022?
-
15 Nov 2021 AI SOLUTIONSWhat is RPA (Robotic Process Automation)?
-
12 Nov 2021 Cloud PlatformContext - AI / ML Cloud Platform
[…] 05 Nov 2021 AI SOLUTIONS ContextAPP Unified Approach […]
[…] Unified Approach By ContextAPP […]