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Document Data Extraction 101: Understanding the Basics

Astera

What is Document Data Extraction? Document data extraction refers to the process of extracting relevant information from various types of documents, whether digital or in print. The process enables businesses to unlock valuable information hidden within unstructured documents.

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EDI Security in Finance and Mortgage: Protecting Sensitive Data in Electronic Exchange

Astera

It automates tasks such as mortgage application submission, document verification, and loan underwriting, enabling faster turnaround times. Enhanced Efficiency: By digitizing and automating data exchange, EDI improves operational efficiency within the mortgage industry.

Finance 52
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The Power of Automated Invoice Scanning 

Astera

In a nutshell, these softwares evaluate invoices for certain pre-defined criteria and extracts the necessary data automatically. Many softwares use Optical Character Recognition (OCR) techniques to recognize the text from the document, combined with natural language processing algorithms to extract key pieces of data from the invoice.

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A Guide to Building Better Data Products

Juice Analytics

There may be value in the data, but it is clear the product manager hasn’t thought deeply about their customers and what the data can do to solve their problems. I spoke to a credit card executive recently who mentioned how his bank spent huge sums of money on benchmarking reports. Reporting — To track usage of the data product.

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Best Data Mining Tools in 2024

Astera

Data mining tools help organizations solve problems, predict trends, mitigate risks, reduce costs, and discover new opportunities. To assist users in navigating this choice, the following guide outlines the essential considerations for choosing a data mining tool that aligns with their specific needs: 1.

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Data Diagramming – Discover What You Don’t Know

Argon Digital

It can also be a phone bank or a text bank event, but for our example we used the door-knocking use case. To make it easier to read the model, I colored the canvass-related data objects orange. Next Step - Requirements! Using formatting changes to convey additional information can be a very useful modeling hack.

Banking 52
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Data Diagramming – Discover What You Don’t Know

Argon Digital

It can also be a phone bank or a text bank event, but for our example we used the door-knocking use case. To make it easier to read the model, I colored the canvass-related data objects orange. Next Step - Requirements! Using formatting changes to convey additional information can be a very useful modeling hack.

Banking 52