Second day of the eMACH.ai & Intellect Design Thinking Residential Program for Exponential Growth (Oct 10) started with a deep dive into understanding the concept of a “Cognitive Enterprise.” Asking the right questions” is a fundamental step in building a cognitive organization.
In the past 35 years, we’ve learnt to organise structured data within Relational Databases like Oracle or Postgre. These structured data sets have been pivotal in enabling deterministic decision-making. However, in the financial sector, a significant portion of intelligence, over 60 percent, is hidden within documents.
We introduced the concept of a Document Intelligence Management System (DIMS) as the next basic need of Financial Institutions to organise unstructured data alongside structured data.
Deepak Dastrala and Raman Jatkar presented IDX as a next-generation DIMS. IDX demystifies the AI life cycle and condenses it into 51 algorithmic steps and 11 services integrated into a single platform. This groundbreaking approach simplifies the traditionally complex roles required to build AI applications, reducing them from eight, including Data Scientists and ML Ops, to just two: Domain Specialists and Data Engineers.
While many financial institutions have established AI setups, they often miss the vital “Science of AI” or “Document Intelligence in a single platform”, equipped with the capabilities to create contextual role and function-based APIs. The launch of IDX 3.0 during this conference marks a groundbreaking solution in this domain from Intellect
Debal Dutt, Ramanan S V, Intellect Design Arena Ltd
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