Data Action Layer March 31, 2019

Automating documents in the enterprise — NYETM Meetup

by Alkymi

5fc988b99f1ebd1def0662a9 Alkymi NYETM Meetup 2019 p 800

Alkymi kicked off a packed New York Enterprise Technology (NYETM) Meetup with a demo of how the technology understands documents to automate manual workflows in financial services. The monthly NYETM MeetUp at Work-Bench has more than 5,000 members, going strong since 2012.

Key takeaways for next-generation robotic process automation (RPA)

In the presentation, Alkymi CEO, Harald Collet, and co-founder Adam Kleczewski talked about this "gnarly document problem" of extracting valuable data from emails and documents—a process that is still entirely manual for many financial institutions. Without unstructured data processing, many RPA solutions can't be effectively utilized to speed up other processes.

Key takeaways include: 

  • 50% of financial services workflows slow down when customer data inside emails and documents has to be manually processed.
  • When you look at a financial document, there are a number of visual cues—tables and charts—that lead human processors to the information to be extracted.
  • Similarly, as emails and documents stream in via API, Alkymi Data Inbox employs document understanding—computer vision, NLP, and machine learning—to extract critical data.
  • Once this data is inside the Alkymi UI, a human-in-the-loop (HITL) can easily review what's been collected, validate the information, and the data gets sent downstream via API to any platform, system, or worfklow.
  • Active learning via HITL assures that the machine-learning models get smarter and improve over time.

See the full presentation here. Or contact Alkymi to learn more.

More from the blog

September 22, 2023

A high-performance approach to personalizing an LLM

by Elizabeth Matson

Fine-tuning is not the only way to get relevant, domain-specific responses out of an LLM. Alkymi’s team of expert data scientists explain an alternate route.

September 6, 2023

IDP: find the right document processing solution for your business

by Bethany Walsh

Find out which type of automated document processing solution is right for you: data extraction, an IDP, or a complete business system for unstructured data.

August 29, 2023

Alkymi and Portfolio BI partner to empower alternative asset managers

by Elizabeth Matson

We’re partnering with Portfolio BI, a provider of portfolio analytics and reporting solutions, to bring structured and unstructured data sources together.