How Semantics Technology provider semantha® is extending the benefits of process automation
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Introduction
The need for process automation has never been more relevant. In a world where every business is looking to cut costs, improve efficiency and reduce errors, it’s no wonder that companies are turning to technology to future proof their business. When it comes to processing of large volumes of documents, some organisations still view “automation” as a challenge. Semantics technology can help your organisation in ways you may not even realise yet.
Enter semantha®, an AI driven semantics platform from thingsTHINKING, a cutting-edge semantic technology platform that is revolutionising the way documents are processed.
Can you imagine for a second how the positive impact would be within your business if there was a 45% reduction in the time it takes to process documents through your existing processes? semantha’s AI semantics technology platform can make this a reality.
What is Semantics Technology?
Semantic technology can extend the benefits of process automation by allowing for more intelligent and nuanced understanding of the data and tasks involved in a process. Using natural language processing and ontologies, a semantic technology system can understand the meaning and context of the text data it is processing, and use that understanding to make more informed decisions and perform tasks with greater accuracy. Additionally, semantic technology can be used to link related data and tasks across different systems and platforms, allowing for more seamless and efficient automation of processes.
Process Automation
In today’s fast-paced business world, the ability to automate repetitive and manual tasks is essential. Process automation allows organisations to streamline their operations by eliminating manual processes, saving time and money along the way.
Process automation can help businesses in all industries improve efficiency, reduce costs and increase profitability. It’s used in many different ways:
- To automate repetitive tasks—such as data entry or invoice processing
- To improve accuracy—by reducing errors due to human error or misinterpretation (for example, when reading handwriting on invoices)
- To eliminate unnecessary steps from complex processes—such as multiple approvals before moving forward with an order
The benefits of process automation are well documented. The consequent increase in efficiency, reduced costs and improved customer satisfaction are some of the most significant reasons why companies are adopting a strategy around it.
So why consider semantha® to turbo charge your business processes?
semantha®, from leading provider thingsTHINKING, is a solution that can boost your automation process to extend the benefit runway. It takes the existing process, compares it against known best practices, flags anomalies and creates actionable insights based on those anomalies. Businesses with large volumes of documents such as Automotive OEMs and Suppliers, Energy companies, Finance firms etc., are some of the ones typically needing process automation so having a solution to compare, analyse, classify and consolidate documents will reduce time for process automation while simultaneously extending the benefits of automating these processes further.
Using semantha® for your semantics platform makes a big difference when it comes to ROI as no training of the model is required. Typical AI models for semantics will require training. semantha® works out of the box, requires no training and works from day zero. Additionally, you will find it hard to find another solution that allows you to shorten the runway to results by saving up to 45% time on the document process and helps you find relevant content in seconds with artificial intelligence.
How does it do it?
The key areas are:
- Automatic extraction of information: semantha® can automatically extract relevant information from documents, reducing the need for manual data entry.
- Automatic classification and categorisation: semantha® can be used to automatically classify and categorise documents based on their content and context, reducing the time and effort required to manually sort and organise them.
- Automatic routing and routing of documents: semantha® can be used to automatically route and direct documents to the appropriate parties or systems based on their content and context, reducing the time and effort required to manually distribute them.
- Automatic summarisation: semantha® can be used to automatically summarise the key points of a document, reducing the time and effort required to manually read and understand them.
- Automated decision making: semantha® can be used to make automated decisions based on the content of a document, reducing the time and effort required to manually review and approve them.
Conclusion
Process automation offers numerous benefits to businesses. It is used in various industries, including insurance, legal, automotive, finance etc. Essentially any industry where an organisation requires the processing of large volumes of documents, then by using semantics technology you extend these benefits even further. semantha® from thingsTHINKING is a leading player in this area with a significant number of customers already seeing significant benefits and up to 45% savings in time.