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ABBYY Blog Posts

Banks improving customer experience with mobile apps

Many of the regular activities of bank customers – both retail and corporate – are still dependent on physical documents, physical branches and operating hours. While individuals are trying to squeeze bank visits into their schedules, often until it is too late to pay a bill or apply for a loan, small businesses are wasting days waiting for credit approvals that could help them grow or in some cases just…

Unravelling the mysteries of medical billing with artificial intelligence

Medical bills are difficult to decipher. In most cases, they contain “test codes” and “CPT codes” which makes spotting an error very difficult. Reviewing medical records is both expensive and time consuming because they are usually provided in an unstructured textual form such as a Word document or PDF. Up to 90 percent of hospital bills contain errors totaling some $750 billion annually, according to a recent study. A person…

Why artificial intelligence will finally unlock IoT

Can the surge in Internet of Things (IoT) enabled devices bring new challenges in data management for enterprises? The continuing growth in IoT devices has already created an onslaught of data requiring storage and retention. To keep up with IoT innovation, AI’s data analysis capabilities might be required. This will allow data to be analyzed immediately and accurately to maintain a continuous flow of information and feedback within the enterprise…