brainello
Artificial Intelligence -- the driving force of Industry 4.0
The International Society of Automation estimates that almost every plant loses at least 5% of production due to downtime. Many may lose as much as 20%. The cost to the global processing industry alone is estimated at USD $20 billion. The average cost of unplanned downtime is USD $220,000 a day for a paper or pulp plant (International Journal of Strategic Engineering Asset Management). Industries face the growing cost of manual inspections & limited access to qualified personnel.
AI-powered OCR for invoices, without rules or templates
Let me start by saying that this post is about one of byteLAKE's products called: brainello. It's an engine, powered by artificial intelligence, which we designed specifically to accelerate and automate document processing. At the same time, brainello ends the era of templates or rules-based automation. These are no longer needed as brainello works off the shelf. All of these are returned as an XML file. Also, you can read more about brainello in some of my past blog posts at https://medium.com/@marcrojek