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The Future of Analytics: The Revolution Will Be Unstructured

FICO

The tech industry is full of predictions, but in this one, I have high confidence: The future is unstructured –– because unstructured data holds the key to the next generation of intelligent systems, which will be largely based on cognitive analytics and artificial intelligence (AI)-based applications. How do I know?

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How to Use AI in Bank Statement Processing

Nanonets

In this article, we’ll explore applications of AI and automation for bank statement processing.   Bank statement processing is essential for accurate reconciliation , auditing, and financial reporting. Maintain an efficient audit trail for future retrieval. Ensure all statements are properly scanned and readable.

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Top Parseur alternatives to automate data extraction

Nanonets

Parseur is an AI-powered document processing tool that extracts data from emails and PDFs automatically. A quick comparison of Parseur alternatives Tool Core technology Free version Integrations Best for Key advantage G2 Rating (Max 5) Parseur AI/Template Yes Many Varied formats Visual template builder 4.9 Pre-trained AI models 8.

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Bank Statement Analysis: A Complete Guide

Nanonets

  That's where modern AI-powered tools come in. Now, let’s examine how this is done and explore some advanced AI-powered bank statement analysers (BSA). Version control can be challenging, particularly in collaborative environments, and spreadsheets offer limited audit trails for tracking changes.

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How to convert JPG to Word online?

Nanonets

Nanonets is an AI-based OCR software that can extract text and tables from images with 98%+ accuracy. Instead of storing them as images, it is wise to use PDF OCR to convert them into a searchable database. Nanonets is one platform suited to converting JPG images to Word files on a large scale.

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What is PO Matching? And how to automate it?

Nanonets

MS-Excel files), structured XML documents from Electronic Data Interchange (EDI), PDFs and image files, and sometimes as hard copy documents. Artificial intelligence (AI), computer science's "Holy Grail" in the words of Bill Gates, mimics human judgment and behaviour to match POs, invoices, and receipts.

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Intelligent Data Extraction: Everything you need to know in 2024

Nanonets

Intelligent Data Extraction refers to the automated process of identifying, extracting, and processing relevant information from various document types using advanced technologies such as artificial intelligence (AI), machine learning (ML), and natural language processing (NLP). Structured data output (JSON, XML, CSV, etc.)