Artificial Intelligence Transforms the Financial Services Industry
What has caused the AI boom in financial services to happen? AI has progressed from a popular theme in novels to a genuine reality. In fact, many economies around the world are benefitting greatly from AI’s presence. However, one sector that has seen particularly significant growth and advantages is the financial services industry. With the […]
McKinsey: Applied AI Is a Top Tech Trend in 2022
A new report released by McKinsey identified Applied AI as one of the 14 significant technology trends unfolding today, with an investment of $165 billion made in 2021. McKinsey’s findings were outlined in the “McKinsey Technology Trends Outlook 2022” report, with investments in Applied AI outstripped only by clean energy, Web3 technologies, and mobility. Key highlights: […]
Automate Everything. Automation for Everyone. Automation Anywhere.
The rise of business process automation (BPA) has become very important to productivity improvement across the board. Why is automation such a vital next step? Today, it has become commonplace for businesses to look to do more with less. Working smarter, not harder, is the common phrase we hear today. And how do you […]
Uhura Solutions Raises $1.8M in Seed Round Funding to Expand its Low-Code Contract Intelligence Platform
Uhura Solutions, a low-code contract intelligence platform, has raised $1.8 million in a seed funding round led by SuperSeed Ventures, with participation from Newable Ventures and returning investor South Central Ventures. The London-headquartered company, with an R&D centre in Montenegro, plans to use the new funding to scale its operations and expand its team, […]
Global AI in banking market to reach $64.03 billion by 2030
Increase in investment by banking companies in AI and machine learning solutions, rise in preference for personalized financial services, and surge in collaboration between financial institutes and AI solution company fuel the growth of the global AI in banking market. As per the report published by Allied Market Research, the global AI in banking market […]
Uhura Solutions achieves ISO/IEC 27001:2013 certification
Uhura Solutions, a low-code contract intelligence platform, has achieved ISO/IEC 27001:2013 certification for meeting the highest international standards of information security management systems.The ISO/IEC 27001:2013 is the globally recognised standard for establishing, implementing, operating, monitoring, maintaining, and improving an ISMS, developed by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC). It […]
Gartner forecasts worldwide AI software market to reach $62 billion in 2022
The analyst firm Gartner has said that artificial intelligence software will make up $62.5 billion in revenue in 2022, rising by more than a fifth (21.3%) compared to 2021. Enterprises will most likely spend the majority of this money on knowledge management, virtual assistants, autonomous vehicles, digital workplaces and crowdsourced data. Knowledge Management is expected […]
Uhura Solutions at Websummit 2021
We are excited to be part of Web Summit this year in Lisbon! If you happen to be there, come to meet us on Wednesday, November 3rd, we will be at stand number A 628, Pavilion 4, ALPHA 6. Hope to see you there! #AI #contractintelligence #websummit2021
An introduction to information extraction from unstructured and semi-structured documents
Extracting relevant information from unstructured, semi-structured, and structured document images is a common task in many commercial products. There are many information extraction techniques for the business document. Let’s get acquainted with the principles of information extraction from documents. Author: Goran Sukovic, PhD in Mathematics, Faculty of Natural Sciences and Mathematics, University of Montenegro For […]
Uhura Solutions has been singled out as one of the Top Startups in the AWS AI challenge
What a great start to #2021! We are proud to announce that Uhura Solutions has been singled out as one of the Top Startups in the AWS AI CHALLENGE. Our contract intelligence solutions have us recognized by the industry experts in the areas important to us and our customers: innovation, business support, sellable, complexity, and […]