SOLIX ™ Blog

Learn how document data extraction can turn unstructured information into organized, comprehensive, and actionable insights.

Businesses rely on data to generate insights for operational efficiency and guide decision-making, but unstructured data growth has made data intelligence a time-consuming, complex, and costly task. The need for quicker and easier methods has given rise to intelligent and automated solutions, like document data extraction. (more)

Many organizations suffer from content sprawl—possibly including yours. The unmanaged proliferation of file storage solutions across departments and processes has made content sprawl a common IT challenge across organizations. Content sprawl hampers the ability of end users to find the right content easily and for IT teams to administer it effectively. Additionally, it has an adverse effect on data security, compliance, and costs. For these reasons, cloud document management is something every organization should consider. (more)

Businesses that apply proven best practices to their records management policies enjoy financial and strategic advantages over their competition. Complete and well-organized records help companies optimize processes and information availability, strengthen customer relationships, and safeguard financial health. Records management has also emerged as a mission-critical concept as regulatory, and compliance regimes become increasingly complex. (more)

As we move to a digital future, businesses frequently process written, scanned, or digitally created documents such as invoices, checks, order forms, and bank statements. Traditionally a manual process, data extraction (capturing specific pieces of information from documents) will never become irrelevant. The data extraction market is expected to grow to $4.9 billion in 2027. And Gartner predicts 70% of organizations in 2025 will focus on innovative techniques to extract value from unstructured sources. However, the method by which businesses extract data has evolved—and there’s a new change that can simplify life for your company. (more)