Data Extraction Services – Information Extraction, Text Intelligence

Data Extraction

Overview of Data Extraction and Text Intelligence

Did you know that nearly 80%-90% of the data that your company has access to today is unstructured?

This data is mainly in text form, including annual reports, press releases, scientific publications, customer transcripts, title deeds, and more. The process of manual data extraction is tedious and time-consuming. Moreover, some of the data is in the form of scanned PDFs and images, adding another layer of complexity. Hence, the text intelligence process is required to analyze valuable insights from this data.

Not accessing and using this data means you are not unlocking potential insights for your organization. Hence, your organization misses out on a significant opportunity to accelerate innovation and boost revenue. Data extraction tools help you unlock substantial insights that fasten business growth.

Straive’s data extraction tool is built with the best-in-class AI and ML technologies for data extraction enrichment and delivery

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How Straive’s data extraction tool suits your business?

Straive Data Platform (SDP) offers a suite of solutions to extract, enrich, and deliver data and actionable insights from text-heavy documents in any format such as text PDFs, emails, word files, scanned PDFs, etc. This process is also popularly known as text intelligence or the key information extraction method.

Our information extraction solution leverages cognitive technologies and SME intervention to deliver highly accurate datasets for organizations by ingesting raw source documents and providing curated structured data.

Straive’s information extraction method helps enterprises in their knowledge discovery processes. This approach delivers highly accurate structured datasets to identify important insights for your business.

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Key Differentiators

of Straive’s data extraction solution

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End-to-end platform-based information extraction NLP solution with an integrated workflow for driving automation at any scale

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Pre-built high-quality ML models requiring very limited training datasets to make them production-ready

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Proprietary pre-processing layer to reduce noise before processing

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Combine best-in-class industry data extraction solutions like OCR with the custom approach of NLP and ML for better accuracy

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Straive's data extraction solution for text intelligence can be applied across a variety of Use Cases

Financial Information

  • ESG Reference Data from sustainability reports, annual reports, and CSR reports
  • Financial fundamentals data from 10K, 8K, and other corporate filings

Banking and Insurance

  • Mortgage origination documents such as pay stubs, W-2, customer application forms, real estate appraisals, insurance documents, utility bills, and drivers’ licenses and more
  • Insurance claims documentation such as vehicle accident reports and claim forms

Real Estate

  • Title and sales deeds, mortgages, tax appraisals, and tenant agreements

Order to Cash and Procurement

  • Handwritten customer order forms
  • Invoices and purchase orders
  • Vendor contracts, NDAs, and statement of work

Healthcare and Lifesciences

  • Chemical compounds, reactions, and scientific methods from journals and publications
  • Drug pricing data from pricing lists submitted to state regulatory agencies
  • Text Intelligence, Text intelligence services
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Benefits

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Scalability

Straive’s text intelligence solution offers scalable data extraction, enrichment, and delivery across enterprises with easy onboarding of new sources and data formats with minimal changes

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Automation

Straive’s information extraction tool allows straight-through processing by converting unstructured text data into structured datasets using automated solutions.

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Traceability

Straive’s text intelligence solution establishes auditable lineage to ensure traceability to the source document

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Cost Savings

Straive’s key information extraction method helps you save up to 60% of costs compared to existing business processes.

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Time to market

Straive’s data extraction tools reduce data latency and turn-around time from on-boarding to delivery


Intelligent Document Processing

Straive’s IDP, or intelligent document processing, combines OCR and artificial intelligence to extract unstructured and semi-structured data. This robust technical process provides end-to-end automation to various business processes.

Straive’s text intelligence solution caters to different scales of enterprises. To know more and better understand information extraction vs. information retrieval, you may talk to our data experts. Here at Straive, we are always ready to assist you with the best knowledge and guidance.

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