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Category: Business trends

6 information management trends redefining transportation and logistics

While we usually think of challenges in the transportation and logistics industry as being the physical mechanics of transporting an item from point A to point B, the new reality is that information management – and how quickly data can be put into action – offers the biggest challenges. Fortunately, the digital transformation movement offers a great opportunity for accessing, extracting, understanding then putting into action the data we know…

OCR drives innovative tech tools for assisted learning

The use of technology has transformed classroom productivity, increased student engagement and motivation and, most importantly, accelerated learning. Technology has also played a critical role in enhancing the lifestyle of individuals requiring assistance, ranging from the visually impaired to auditory learners. There are several innovative assisted learning tools available with the foundational technology being optical character recognition technology (OCR). OCR technology provides efficient and accurate document processing, coverts paper- or…

Putting business into customers’ pockets

If you want to see a bank customer wince, ask him to manually input some long numbers into your system. Yet in this digital transformation times, a large number of payments made by customers are still done by keying in data manually. The data that many businesses still require customers to provide range from account numbers, bank’s routing numbers, tax code numbers, tracking numbers to ID cards and passport numbers.…

The inflection point. When companies make improvement changes in accounts payable

One of the most rewarding aspects of my work is being able to talk with organizational leaders about how, when and why they decide to improve their business processes. And while no two companies or situations are the same, overarching trends come to surface—trends that can provide valuable insight to decision makers at other organizations who may be nearing their own inflection point.  By Daneen Storc, Senior Product Marketing Manager at ABBYY. Awareness…

Innovation developers choose ABBYY SDKs powered by Machine Learning & AI

Leading innovative software developers are working to incorporate advanced Optical Character Recognition (OCR) and data capture into their applications and solutions to tackle the problems of today’s global digital transformation disruption. Whether it’s mobile, cloud, on-site or in hybrid environments, ABBYY has always provided developers the proven toolsets necessary to accurately capture and extract critical information on-demand, from virtually anywhere in the world. Traditional ABBYY OCR technologies still play a…

Three reasons digital transformation initiatives are stunted

We’ve seen how digital transformation can disrupt an industry. Think of Blockbuster Entertainment’s physical stores vs. digital streaming on Netflix, and taxi services vs. Uber’s ridesharing app. From a B2B standpoint we saw the move from on-premise CRM applications like Oracle and Siebel to cloud-CRM Salesforce.com, or dedicated corporate data centers moving to Amazon, Google and Microsoft public and hybrid cloud hosting. According to IDC, by the end of 2017…