Nis, Serbia, Aug. 29, 2021 (GLOBE NEWSWIRE) — ZEXPR, A premier IT boutique located in southern town Nis in the Republic of Serbia named BAD SISTEMS isn't as BAD as the name would imply. The company opened its doors in spring 2016. And, instead of taking paths like many other IT companies in Eastern Europe, the
founding partners decided to build their own products. Now, as usual, as this sounds for other developed markets, this is indeed a risky decision to make for a Serbian company, as every dime counts. The founding members sponsored the development of six products from their own pockets and through past years BAD SISTEMS has been building domain knowledge in different industries, and it seems there is new product on shelf in this premier IT boutique.
Let's talk about the problem. Did you know that over 2 million PDF documents were sent as an attachment via Microsoft Outlook in 2018? We can safely assume that over 70% of these documents represent a great source of information for any company; it can be anything from simple invoices to financial reports being sent almost every day.
We are not even going to mention those insurance forms which are handwritten populated. A standard GO-TO solution for this problem would be a Manual Data Entry service which has become a service of its own, offered by many companies and even freelancers. Research shows that the average price for data entry in the United States is around $20 per hour. This is a sizeable operational cost for companies. Large institutions like Banks have tried to solve this issue by investing millions in OCR (Optical Character Reading) or RegEx (Regular Expression) automated solutions. These solutions work fine for static documents, which do not change over time for a given sector. Hence, an agile solution is required to adapt to changes overtime to make it truly scalable.
Amidst these solutions and manual data entry, there has been a grey area of combining these two. Human interaction would help steer the ship in the right direction to understand the document formats. Of course, AI (Artificial Intelligence) and ML (Machine Learning) can help automate some of the repetitive workloads, but human comprehension is still very needed. Thus, we arrive at the beautiful country of Serbia, a country of incredible landscapes and even better food, but it also appears to be hiding its digital gems.
GIN – Genuine Intelligent Notation is an Engine made by BAD SISTEMS which uses AI to transform your data and make it more comprehensive, allowing you to eliminate data clutter once and for all. GIN is a natural language processing (NLP) service that uses machine learning to find insights and relationships in a text. The service identifies the language of the text, extracts key phrases, places, people, or brands, understands the sentiment in text, and automatically organizes a collection of text files by topic.
Imagine documents, such as mortgage applications, at financial services organizations contain sensitive information that must be analyzed precisely. The slightest errors could result in the wrongful denial of a loan or a costly overpayment of interest. With Papergin, financial organizations can extract text, forms, and tables from documents.
A tremendous benefit of PAPERGIN is its ability to understand the correlation between information in between the pages, where specific information on page one could represent table on page four or five. What is truly remarkable is that a company that would use Papergin would not have to change its business process or adapt its current infrastructure to Papergin. It is as easy as choosing a source of documents (AWS S3, Dropbox, Email or even a network folder) and defining your points of interest which will be available at the chosen destination (Excel file, API or other integrations). It is as simple as that. Oh, and it gets better; pricing is determined per processed page, leading to a significant cut in operational expenses. The saved money can be used for something more crucial than manually processing documents.
PAPERGIN is a cloud solution (SaaS). It can be self-hosted (enterprise-level) if data privacy is essential, allowing you to adapt to any circumstance or situation. One could say that all of this is already overwhelming, but no, it goes even one step further. In recent days BAD SISTEMS announced a partnership with Accern , a no-code AI platform that enables financial organizations to easily create AI models to uncover risk and investment insights from a vast amount of data.
This partnership strives to unlock the full capacity of any given data by ingesting and extracting disordered data and turning it into a meaningful, analyzed, structured and coherent document.
Media Contact –
BAD SISTEMS LLC
Your journey to seven figures starts here.
Following Friday’s rebound, Dogecoin would need to revisit $0.30 levels to avoid another sell-off…
As is often the case with its press conference events, Tesla (NASDAQ: TSLA) made a splash in August with its AI Day event, unveiling its work on a "humanoid robot" that could one day act as an in-person assistant for physical tasks. Some platforms, like UiPath, use advanced machine learning techniques to make them better at more advanced tasks.
Clubhouse, an audio-only chat app, said on Sunday it will launch a spatial audio feature to make voices sound as if they're coming from different directions, helping conversations and virtual performances feel more life-like. The app, which is backed by venture capital firm Andreessen Horowitz, jumpstarted the social audio trend last year and became known for chatrooms of thousands that included chief executives and celebrities. The new surround-sound-like feature will help Clubhouse lean into performances and entertainment rooms that have proliferated on the app.
TikTok has banned the popular "milk crate challenge" from its platform due to concerns that users participating in the trend could be seriously injured. The challenge saw TikTok users stacking milk crates into a pyramid and then attempting to climb across the unstable structure. In most videos depicting the trend, TikTok users are seen tumbling to the ground as they try to climb up one side of the makeshift pyramid and down the other.
Microsoft Corp (NASDAQ: MSFT) agreed to make its impending Windows 11 compatible with a wider variety of PC chips, CNBC reports. The move will affect the profitable Window business by reducing the need to buy new computers to access the new capabilities. Microsoft faced flak for failing to disclose the chip compatibility. Microsoft informed that Windows 11 would not support Advanced Micro Devices Inc (NASDAQ: AMD) Zen 1 chips. However, Windows 11 will support Intel Corp's (NASDAQ: INTC) seventh-
OAKLAND, Calif. (Reuters) -Alphabet Inc's Google generated $11.2 billion in revenue from its mobile app store in 2019, according to a court filing unsealed on Saturday, offering a clear view into the service's financial results for the first time. Attorneys general for Utah and 36 other U.S. states or districts suing Google over alleged antitrust violations with the app store also said in the newly unredacted filing that the business in 2019 had $8.5 billion in gross profit and $7 billion in operating income, for an operating margin of over 62%. Google told Reuters the data "are being used to mischaracterize our business in a meritless lawsuit."
In a proposed settlement, Apple agrees to let app developers email users about cheaper ways to pay for subscriptions, which could circumvent Apple’s 15% to 30% commission.
People can use cellphones to catch a slew of skin conditions but questions of accuracy and biases in algorithm databases remain Dermatology apps use AI to try to identify a range of skin conditions. Illustration: Ulises Mendicutty/The Guardian In a video, 30-year-old Stacey Everson tells the story of how she picked up her phone, snapped a selfie, and saved her own life. She might have easily overlooked the small, irregular mole on her upper left arm. But prompted by friends and family, she took
Although most consumers think of Mastercard as a credit card company, in actuality it is a participant in the payments industry, acting as a middleman in transactions.
Bitcoin gained Friday, and the U.S. dollar dropped in foreign exchange markets following Federal Reserve Chairman Jerome Powell's dovish key speech at the U.S. central bank’s annual Jackson Hole conference. CoinDesk's Galen Moore, Brad Keoun, and Christie Harkin discuss the implications for the crypto markets. Plus, the latest on bitcoin's hashrate.
(Bloomberg) — China kicked off a two-month campaign to crack down on commercial platforms and social media accounts that post finance-related information that’s deemed harmful to its economy. The initiative will focus on rectifying violations including those that “maliciously” bad-mouth China’s financial markets and falsely interpret domestic policies and economic data, the Cyberspace Administration of China said in a statement late Friday. Those who republish foreign media reports or commentar
Yesterday's market is today's money-making roadmap.
(Bloomberg) — Freshworks Inc. filed for an initial public offering, contending its customer-relations management software is providing a step toward unified cloud services.The company in its filing Friday listed the size of the offering as $100 million, a placeholder that will change when terms of the share sale are set. The potential competitor to far larger Salesforce.com Inc. was valued at $3.5 billion in a 2019 funding round.The Silicon Valley startup boosted revenue about 40% last year as
(Bloomberg) — China’s crackdown on technology companies is prompting global investors to look for new opportunities across Asia, contributing to a record jump in initial public offerings from India to South Korea that shows few signs of slowing.Tech companies from those two countries and Southeast Asia have raised $8 billion from first-time share sales this year, already blowing past the previous annual peak. The tally is poised to get bigger with planned listings by companies including Indian
Hertz had successful second quarter, and the current quarter could be even better. Consider the 30-year warrants, a call option with an exercise price of $13.80.
Federal Reserve chief Jerome Powell says he's inclined to start tapering asset purchases this year, but he isn't worried about inflation.
Stocks gained Friday morning to shake off losses from a day earlier, as traders looked ahead to a key speech from Federal Reserve Chair Jerome Powell.
Japanese financial services giant Nomura Holdings Inc (OTCMKTS: NRSCF) is facilitating the use of blockchain-based security tokens to buy and trade luxurious Italian dishes as their value fluctuates. What Happened: According to a report from The Japan Times, an affiliate of Nomura Holdings began selling these security tokens for four high-end food parcels a year from award-winning Japanese chef Masayuki Okuda. Okuda’s curated menu includes pumpkin ravioli, corn and chicken tortellini, and aspara
Hiring for virtually all roles in the logistics space is fiercely competitive. While all eyes are on the infamous driver shortage, recruiting and retaining top-notch brokerage employees is no easy task either. Creating a workplace that is equally attractive to new recruits and seasoned employees is essential to securing experienced industry talent and building a standout operation. "Companies are competing to get people with meaningful experience. Planning for the kind of growth Capital has sust