OpenText CEO: Magellan AI Platform a Q2 Highlight

1. “To compete in today’s complex digital environment, organizations must become both more intelligent and more connected, utilizing new and emerging technologies to drive engagement with customers, partners and employees,” Barrenechea said in the Enfuse announcement. Technologies including …

OpenText continued to make significant strides with its Magellan artificial intelligence (AI) and analytics platform in the second quarter (ended Dec. 31), according to CEO and CTO Mark Barrenechea.

“We won numerous customers last quarter, both in analytics and in AI,” he said Jan. 31 on an earnings call with analysts. The enterprise information management (EIM) software firm is “running near 100 proofs of concepts in our installed base and … we’re learning a lot around deep integration into EIM, new workflows and use cases from everything from field service to customer journey optimization,” he said.

“Where we want to compete and … where we want to win is AI integrated into EIM,” he said, explaining that’s “where we’re going to have very long-term benefits for our customers and eventually” that will “flow through to revenue” that the company generates.

AI will be among the main topics at this year’s Enfuse conference, along with security, May 21-24 in Las Vegas, he told analysts. The annual conference is held by forensic security vendor Guidance Software, which OpenText bought last year. Barrenechea will deliver a keynote at Enfuse, he noted on the earnings call. Ex-FBI director James Comey will also give a keynote there, OpenText said in a news release Feb. 1.

“To compete in today’s complex digital environment, organizations must become both more intelligent and more connected, utilizing new and emerging technologies to drive engagement with customers, partners and employees,” Barrenechea said in the Enfuse announcement.

Technologies including AI, blockchain and the Internet of Things (IoT) are “helping to transform business on a planetary scale, and at the same time redefining both cybercrime and cyberwarfare,” he said, adding: “Firewalls and other traditional security measures simply don’t cut it anymore, and customers require the latest information security tools to collect, analyze, and remediate threats more urgently than ever.” At Enfuse 2018, OpenText “will showcase how information security, forensics and discovery are critical components for the intelligent and connect enterprise, and vital as companies look to compete in the digital economy,” he said.

OpenText shares were up more than 16% at $39.96 the afternoon of Feb. 1, after the company reported Q2 revenue grew 35% from a year earlier, to $734.4 million, while profit increased to $85.1 million (32 cents a share) from $45 million (18 cents a share).

Mergers and acquisitions “will continue to be the lead growth driver” for OpenText and that will be “complemented with organic growth,” Barrenechea said on the call.

“EIM is enabling key trends such as new content platforms, new customer experiences, business networks, digitalization, securities, governance,” IoT and AI, he told analysts. EIM is also “creating intelligent and connected enterprises, intelligent EIM automation, intelligent clouds [and] more intelligent endpoints, unlocking the value of enterprise information through AI and insight,” he said.

That’s happening as businesses are “becoming more connected,” he said, predicting “there’ll soon be 4 billion humans connected to the Internet and, potentially over the next decade, 1 trillion machines on the same network.” He added: “Mobile is consuming the world and businesses are integrating their transactions with other businesses and networks over the Internet.”

Zia Consulting Named Most Valuable Partner by Captricity

Zia Consulting, Inc., the leading provider of Enterprise Content Management (ECM) and Intelligent Document Capture business solutions, was recently named “Most Valuable Partner” with an award from Captricity. The award, presented to Zia Consulting at the end of 2017, recognized results garnered …
Zia Consulting Named Most Valuable Partner by Captricity

This partnership has given us the opportunity to expand our offerings and create ideal solutions for those looking to modernize their content management through extraction and automated handwriting recognition.

BOULDER, Colo. (PRWEB)February 01, 2018

Zia Consulting, Inc., the leading provider of Enterprise Content Management (ECM) and Intelligent Document Capture business solutions, was recently named “Most Valuable Partner” with an award from Captricity.

The award, presented to Zia Consulting at the end of 2017, recognized results garnered through collaboration on customer implementations involving content and document management, and for the results which the collaboration helped Captricity achieve for an insurance customer.

“We’re incredibly humbled to have been given an award that places value on the dedication we have to working with our partners to do the right thing for customers,” said Mike Mahon, CEO and co-founder at Zia Consulting. “This partnership has given us the opportunity to expand our offerings and create ideal solutions for those looking to modernize their content management through extraction and automated handwriting recognition.”

“Captricity is expanding services and solutions into new segments of the industry, and that kind of growth is only possible through the support of dedicated employees and partners like Zia,” said Nowell Outlaw, SVP sales and marketing at Captricity.

Optical character recognition (OCR) technology has seen great improvements, but still struggles with handwriting. Captricity helps organizations automate and enhance complex document workflows using state-of-the-art, artificial intelligence (AI) recognition technologies developed to deliver operational efficiency, improve customer response times, eliminate inefficient manual labor, and increase profitability. Captricity has helped New York Life and five of the top 10 U.S. insurers gain efficiencies and enable critical business improvements with up to a 99.9 percent accuracy rate.

For additional information on how the solutions work, a recorded webinar is available at: https://register.gotowebinar.com/register/88833223931425537.

Zia Consulting delivers Enterprise Content Management (ECM) and Intelligent Document Capture solutions addressing the needs of enterprises to better manage, process, and secure documents. Offerings tackle key issues of ECM user adoption and cost reduction through document automation and a desire for ECM and capture modernization including the cloud. Our vertical accelerators for insurance, mortgage, accounts payable, and more are utilized by some of the world’s largest enterprises to deliver rapid ROI and enhanced governance.

VTT’s hyperspectral imaging technology enables new artificial intelligence applications as a part of …

New technology measures wavelengths not visible to the human eye. VTT Technical Research Centre of Finland has developed a highly cost-efficient hyperspectral imaging technology, which enables the introduction of new artificial intelligence applications into consumer devices. Spectral filtering …

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Date and Time: 1/27/2018 6:14:14 PM

Paper Shredding Services Market: Impact of Existing and Emerging Flexible Market Trends and …

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ripcord

Ripcord, based in California, provides services for records management — a market worth around $62 billion, Telstra Ventures MD Mark Sherman said — including scanning, indexing, automatic classification of documents, shipping, and unlimited access to the Ripcord Canopy cloud platform. Ripcord’s …

Telstra’s venture capital arm Telstra Ventures has announced backing a robotic digitisation company, which it said is the world’s first to specialise in document management. Ripcord, based in California, provides services for records management — a market worth around $62 billion, Telstra Ventures MD Mark Sherman said — including scanning, indexing, automatic classification of documents, shipping, and unlimited access to the Ripcord Canopy cloud platform. Ripcord’s robotic digitisation capability scans paper records and utilises optical character recognition (OCR), uploading them to Canopy, which can then be integrated into enterprise systems. This enables a 90 percent cost saving on document management for businesses, Sherman said. “Ripcord is working towards a paperless world, and is using sophisticated automation and software to turn their paper records into a secure, fast, and all-inclusive records management solution,” Sherman added.