The European Business Review

Mining Actionable Information with Smart Capture

Companies collect tons of data nowadays, but most of them do not yet profit from that treasure. The situation can be compared to the peak of the California Gold Rush: all of the easily accessible gold had been recovered already and mining the rest had become very expensive, but then new technologies were invented to recover the metal cost-effectively. This is more or less exactly what Ephesoft did for data: while the cost to recover actionable information has been very high in the past, Ephesoft introduced machine learning technology for data capture, which makes extracting data more affordable and easier to access for organisations of all sizes. We talked about this approach with Enno Lueckel, Vice President

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