Machine Learning Software for Business: Enterprise Solutions to Make You More Competitive in Your Industry
According to Accenture, companies that invest in AI, human-machine collaboration, and machine learning software can expect to see a 38 percent boost in revenue. The future of business clearly hinges on technology – but what does that mean for you?
For the most part, it depends on your industry and what type of programs you already use. If you’re new to enterprise automation, there are a number of benefits, including increased productivity, increased accuracy, and reduced operating costs. But choosing solutions that can adapt to your needs can provide you with more benefits, such as an even lower demand for your time. It also allows you to scale up within your industry without having to increase your workforce.
What is Machine Learning Software (And What Role Does it Play in Business)?
Machine learning software is software that changes its behavior to become more efficient. While people learn from real-life experiences, machine learning software learns from data and algorithms. It starts as a clean slate and become more attuned to your processes over time.
The same way that an employee with 10 years of experience will be better at certain things than an employee who has just entered the workforce, software that learns (and adapts) can produce better results. As a result, more companies are turning to machine learning to continually streamline their day-to-day operations.
Most people associate machine learning with the tech industry, but the reality is that it has a place in virtually any business sector – from manufacturing to transportation and everything in between. If your business relies heavily on structured workflows, you’re a good candidate for automation – and IntelliChief can help.
What Can Enterprise Machine Learning Software Help You Do?
At IntelliChief, we help companies streamline their workflows with machine learning enterprise content management software. Our solutions are specific to document-driven workflows, such as invoice matching, sales order processing, and manual data entry – all repetitive processes that can slow down your business.
You can use machine learning to improve your most time-consuming tasks, while keeping your overall approach to business the same. So how does it work?
Capture Enterprise – our optical character recognition software – automatically collects data from your documents. When there’s a piece of information it doesn’t recognize – like contact information for a new customer – you can identify that information so that the system remembers it for the next time. Instead of having to continually enter the same information time and time again, our solutions will already have it memorized.
Based on user input, our enterprise machine learning software can learn to:
- Automatically recognize information on a page based on similar documents that it has already processed
- Automatically process invoices based on discounts that you have negotiated with suppliers
- Remember where each customer’s pertinent information is located on their purchase order forms
- Export extracted content to create invoice vouchers, and sales orders in your ERP or LOB applications
As part of a comprehensive approach to business process optimization, this can help you spend less time on routine tasks, and more time on strategic analysis.
Discover IntelliChief’s Machine Learning Industry Solutions
While less than 15 percent of companies say that AI has a large effect on their business today, more than 60 percent say that they expect it to have a large effect on their business within five years. If you’re considering machine learning software for your business, now is the time to make the investment.
At IntelliChief, we’ve helped thousands of companies automate their workflows. Our experts can help you find out how enterprise automation can make your day-to-day operations easier; we can even show you our solutions in action so that you can get a better idea of how they adapt as they’re used. To learn more or to request a custom demo, contact us today.