Outsourcing has been a practice since the ’90s and companies have benefitted largely by the process. Now a multibillion-dollar industry, outsourcing plays a vital role in a company’s everyday affairs. Statistics say that the industry will only grow in the years to come. Data shows that the growth of the global outsourcing market will increase from $65 billion USD…
Automated processes and robots have been around for a decade now with every year bringing more advances in the field of process automation. Contrary to what is in believe about machines taking over human jobs, automation technologies such as Robotic Process Automation (RPA) have the potential to lower labor costs and improve overall efficiency. Companies…
AI and automation technologies are significantly reducing the need for manually performing repetitive and everyday tasks, especially in the business world. Robotic Process Automation (RPA) is one such technology that configures computer software or artificial intelligence, especially a software “robot” to imitate the actions of a human interacting with digital systems. If you are wondering how…
Much of the discussion on automation in enterprises today, is focused on artificial intelligence and robots. At the most basic level, organizations can begin by automating mundane and repetitive processes such as processing of paper documents. Here comes the role of Intelligent Document Processing. A Gartner research claims that organizations worldwide record a 25% growth…
Introduction India’s emergence as a global outsourcing hub was a consequence of multinational corporations wanting to eliminate the overhead costs that come as a part of their business operations. Increasingly, companies have developed a lot of interest in India to outsource their business processes because of an abundance of skilled talent and workforce. As an…
Introduction Data has always been an integral part of organizations and their day-to-day operations. While the concept of predictive analytics came into existence as early as the 1950’s when ENIAC generated models to forecast weather, it gained mainstream reach only during the seventies. This was when the Black-Scholes model was developed to predict stock options. Later in 1998, Google…
These are some of the many names credited to the blockchain technology over the years. Actually, blockchain is one form of distributed ledger and record-keeping technology. The International Data Corporation (IDC) reports that worldwide spending on blockchain is expected to be nearly $2.9 billion in 2019, an increase of 88.7% from last years spending of $1.5 billion….
AI is the future that will bring about a change as profound as the World Wide Web did two decades ago. In the years to come Artificial Intelligence (AI) will become the cornerstone from which the world will plunge into technological revolution. However, like any other transformational change, this too has paved the way for…
Did you know that the market for invoice factoring, with a valuation of USD 2.32 billion in 2023, is anticipated to grow to USD 4.55 billion by the year 2030? This growth trajectory represents a CAGR of 10.11% throughout the forecast period running from 2024 to 2030. Scarlet is an automated document processing system, developed by High…
Scarlet is an automated document processing system, developed by us. It is powered by intelligent machine-learning algorithms. It carries out a geometrical analysis of a document and accurately extracts relevant data for business process automation. Scarlet is a customizable solution capable of processing any kind of document, including images and non-searchable PDF files, specifically tailored for your…
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