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The Financial Service and Insurance Industries Need Intelligent Document Processing; Here’s Why

Rocket Software

Analyst firm IDC recently published a Vendor Spotlight report featuring ASG Mobius Content Services (Mobius) and its applications in the financial service and insurance industries. IDP Trends in the Financial and Insurance Industries. Challenges to Effective IDP.

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Generative AI use cases for the enterprise

IBM Big Data Hub

For example, organizations can use generative AI to: Quickly turn mountains of unstructured text into specific and usable document summaries, paving the way for more informed decision-making. Imagine training a generative AI model on a dataset of only romance novels. Automate tedious, repetitive tasks. Garbage in, garbage out.

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Record Retention Policy for Businesses: A Strategic Guide to Compliance and Efficiency

Armstrong Archives

Everything from tax documents to employee files to bank statements must be kept on file, often for years at a time. Whether it’s maintaining regulatory compliance or simply making tax season easier, an effective record retention strategy is paramount. What is Record Retention?

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What Is Integrated Risk Management? Definition & Implementation

eSecurity Planet

The 911 call center needs a robust phone system, trained staff, and a decision-tree process to understand how to route issues to the appropriate emergency or non-emergency agencies to address a caller’s needs. All risk management strategies strive to use threats to business processes to determine risk.

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6 best practices for a data governance strategy

Collibra

This will help you test strategies and figure out what works best in your unique environment. We’ll discuss what we think are the six best practices for a data governance strategy below. Your key performance indicators should relate directly to your organization’s objectives and strategies. Operating model example. Onboarding.

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6 Tips for Managing eDiscovery for Access Requests for a State or Local Government Organization

eDiscovery Daily

There is also the issue of dealing effectively with different formats and sources during the discovery process, such as emails, documents, social media, collaboration app chats, and more. Educate and train staff. Engage in Early Case Assessment (ECA). Read more on putting an ECA process in place.

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How chatbots improve human resource operations

IBM Big Data Hub

Artificial intelligence (AI) can automate repetitive and time-consuming tasks, allowing HR professionals to focus on other strategies. They leverage conversational search and can analyze large amounts of business documents, such as company policies, to provide accurate answers to employees’ questions.