Matt DeMello

While machine learning might be as close to a household name as any AI capability in 2023, any serious historian will tell you the technology itself is nothing new. The term ‘machine learning’ was coined in an IBM study on computer gaming and AI dating back to 1959.

Banks and banking AI vendors turn to Emerj to help them maximize ROI by allocating their funds to the most high-need areas. Our research also helps them make smarter decisions by identifying the projects that are more accessible and have the highest chance of resulting in near-term financial returns. While we supply a lot of valuable data and research, our insights would be worthless if they weren’t corroborated by the testimony of AI and banking leaders working on the ground.

Intelligent document processing is best thought of as another name for data extraction, where paper-based information is transferred to a digital format. According to the U.S. Governmental Services Administration, roughly 80% of any organization’s data comes from unstructured sources – like paper records management.