The new AI from Lazarus is revolutionizing the way documents can be automatically processed through intelligent document processing. Before getting into what Lazarus AI does, we have to first understand what AI is in general, and how it can be applied in the world of business.
AI, or artificial intelligence, is the capability of a machine (like a computer) to learn from previous experiences. As AI learns, it becomes better able to interpret and reply to things like written text, math problems, and even images. There are three main ways to categorize AI: machine learning, deep learning, and expert systems. Machine learning is the simplest form, deep learning deals with more complex patterns, and expert systems most closely mimic the decision-making capabilities of human experts.
Due to the variety of types for AI, there are a number of applications and uses for AI programs. So what are some examples? Machine learning can be used to create simple social media algorithms that can recommend content to users; this is also an example of generative AI. Deep learning can process more complicated data sets, allowing for things like advanced weather prediction. Expert systems are best exemplified by something like an AI that processes chest X-rays and can identify what type of lung cancer the patient has.
Other applications of AI include predictive analytics, natural language processing, and computer vision. An example of predictive analytics would be Google Maps’ estimated time-to-destination feature. Online translators are forms of natural language processing AI. Apple’s Face ID exemplifies how computer vision can be used to interpret an image and use that information to produce a function (in this case, unlocking a phone).
Beyond these applications, many businesses are beginning to discover that AI can be useful to them more specifically. The main ways AI provides assistance to businesses include the following: increased productivity, heightened speed of production, improved monitoring, greater accuracy and quality, and enhanced talent management. These all sound like great benefits, but how are companies successfully incorporating AI into their business models?
There are 5 steps to introducing AI into your business operations. First, you need to identify your business’ needs: where would you like to see the most improvement? Second, it is important to set short term goals to anticipate what financial benefits AI can quickly provide. Third, think critically about the capacity of your business: should you create your own AI to suit your needs, or should you outsource the development process? Fourth, make sure to prepare the data you are going to feed the AI by making the dataset clear, accurate, and comprehensible. Fifth and finally, begin small – be sure to test the performance of the AI you want to use before setting your sights on large projects.
So what makes Lazarus AI so interesting to businesses? Lazarus AI is an input agnostic language model, meaning that it can intelligently process documents. This AI is unique from other platforms because it can recognize human handwriting and does not need to be trained or retrained. Lazarus technology, also called RikAI, interprets typed text (in more than 40 languages!) with 99.9% accuracy. Even more fascinatingly, it can interpret handwritten notes from physicians with a rate of 92% accuracy.
Lazarus AI is compelling because it can save businesses time and money by not having to collect and label training data, pay an initial platform fee, or convert handwritten text into typed text. These features make Lazarus’ RikAI unique.
