Organizations collect, process and store a tremendous volume and variety of data. Unstructured data, ranging from correspondence to email messages and digital files, represents approximately 90 percent of that information. Whether evaluating loan applications, processing insurance claims or managing shipping invoices, human intervention is often needed to review and make sense of that unstructured data. Unfortunately, this type of handling is usually slow, costly and error-prone.
Cognitive capture solutions—which can understand, reason and learn—improve the efficiency and reduce the cost of getting valuable information from unstructured documents. Cognitive solutions can help build knowledge and quickly turn data into information needed for identifying patterns and generating new insights.
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