Ivalua, a global leader in spend management solutions provider, has been named a Market Leader in the Ardent Partners "2024 Strategic Sourcing Technology Advisor." The report evaluated the 8 vendors Ardent identified as solution and market leaders in the strategic sourcing space, placing Ivalua in the Market Leaders Quadrant based on its solution and provider strength.
Data Capture, AIDC & RFID
Data capture is the process of extracting information from any type of document, whether paper or electronic, and converting it into a format that can be read by a computer. This information can then be used for a variety of purposes, such as data analysis, decision-making, and process improvement. These articles relate to Automatic Identification (AIDC), Data Capture and data capture devices. They include barcodes, biometrics, RFID (Radio Frequency Identification), id card printers, chipped passports, magnetic stripes, smart cards, OCR (Optical Character Recognition) and voice recognition.
Ivalua named a Market Leader in the Ardent Partners 2024 Strategic Sourcing Technology Advisor
May 13, 2024
AI fuels nearly 30% increase in IT modernisation spend, yet businesses are unprepared for growing data demands - Couchbase survey
May 13, 2024
Couchbase, Inc., the cloud database platform company, has released the findings from its seventh annual survey of global IT leaders. The study of 500 senior IT decision makers found investment in IT modernisation is set to increase by 27% in 2024, as enterprises look to take advantage of new technologies, such as AI and edge computing, while meeting ever-increasing productivity demands. There is a clear demand for modernization and tech investment: 59% are worried their organizations’ ability to manage data won’t meet GenAI’s demands without significant investment. With the right approach to this investment, enterprises will be better prepared to overcome productivity challenges and satisfy end users who demand continuously improving experiences.
85% of UK think creating fake news should be illegal
May 09, 2024
New research from digital identity security specialists, ID Crypt Global, reveals that an overwhelming majority of the UK public believe those who create and spread fake news should have their social media accounts banned, with 85% also believing that it should be made illegal.
Nearly half of UK shoppers believe AI directly influences purchasing decisions
May 09, 2024
Seven in 10 (70%) UK consumers are now aware generative AI promotes goods and services online and 45% believe it directly influences purchasing decisions, according to a new consumer study.
Gift card disruptor Karta partners with Visa
May 07, 2024
Karta, an Australian-based FinTech backed by the Commonwealth Bank of Australia, has announced a multi-year agreement to benefit from the Visa network. Karta claims to be the first-ever non-bank private label issuer in the US to process transactions on VisaNet.
Why two-factor authentication Is necessary In 2024
May 07, 2024
As our lives become increasingly intertwined with the online world, protecting our sensitive information has become a paramount concern. One of the most effective tools in your arsenal against the rising tide of cyber threats is the implementation of two-factor authentication (2FA).
More than £6m AI upskilling fund launched to help SMEs in law, design, HR and beyond
May 02, 2024
Small and medium-sized enterprises (SMEs) can now bid for a share of £6.4 million to help train their workforce to use artificial intelligence and in turn boost productivity and efficiency.
New research reveals only a handful of organisations can access sensitive data in a timely manner
May 02, 2024
Protegrity has launched a new research report ‘The State of Data Security Optimisation and Monetisation’. The research reveals that while organisations are using data to drive innovation and new strategies, fewer than 2% of respondents can access sensitive and classified data in less than a week.
RFiD Discovery improves inventory management for Brook Taverner with cutting-edge RFID portal solution
May 01, 2024
RFiD Discovery, provider of integrated tracking solutions, has implemented its RFID conveyor portal solution at Brook Taverner, Europe’s supplier of stock supported corporate clothing and a leading menswear brand.
Tech businesses have increased AI usage to improve business operations by 25% in the last quarter, new data reveals
May 01, 2024
Data analysed by CX Network, the global online network for customer service and marketing leaders, has found that AI usage to improve business operations in the technology sector has increased 25% since the end of 2023.
Findings showed that the use of AI to optimise business operations across tech has jumped from 52% to 65% from December 2023 to March 2024.
Data capture
Data capture is the process of extracting information from paper or electronic documents and converting it into a machine-readable digital format. It is the first step in the data management process, and it is essential for businesses of all sizes.
There are many different methods of data capture, including:
- Optical character recognition (OCR): This is a technology that uses software to convert text from images into machine-readable text.
- Barcode scanning: This is a technology that uses a scanner to read barcodes and convert them into machine-readable data.
- Form digitization: This is a process of converting paper forms into electronic forms that can be easily scanned and processed.
- Image recognition: This is a technology that uses software to identify objects and patterns in images.
Data capture can be used in a variety of industries, including:
- Healthcare: Data capture is used to extract information from medical records, insurance claims, and other documents.
- Logistics: Data capture is used to track shipments, manage inventory, and process orders.
- Finance: Data capture is used to process financial transactions, manage customer accounts, and generate reports.
- Manufacturing: Data capture is used to track production data, manage quality control, and comply with regulations.
Automatic Identification
Automatic Identification (AI) is a broad term that refers to the methods of automatically identifying objects, collecting data about them, and entering them directly into computer systems, without human involvement. Technologies typically considered as part of AI include QR codes, bar codes, radio frequency identification (RFID), biometrics (like iris and facial recognition system), magnetic stripes, optical character recognition (OCR), smart cards, and voice recognition.
In the context of maritime navigation, Automatic Identification System (AIS) is a specific type of AI technology that is used to track the location and movement of ships. AIS devices transmit a ship's position, speed, course, and other information over VHF radio waves. This information can be picked up by other ships, shore stations, and satellites, which allows for real-time tracking of ships' movements.
AIS has a number of benefits, including:
- Increased safety: AIS can help to prevent collisions by providing real-time information about the location and movement of ships.
- Improved efficiency: AIS can help to improve the efficiency of shipping by providing information about traffic conditions and routing options.
- Enhanced security: AIS can help to improve security by providing information about the identity and cargo of ships.
AIS is a valuable tool for maritime safety and security. It is becoming increasingly widespread, and is now required for most large ships.
Here are some of the specific uses of AIS:
- Collision avoidance: AIS data can be used to create electronic charts that show the location and movement of ships. This information can be used by ships' crews to avoid collisions.
- Vessel traffic management: AIS data can be used by VTS (Vessel Traffic Service) operators to monitor and manage traffic in busy waterways. This helps to ensure the safe and efficient flow of traffic.
- Search and rescue: AIS data can be used to track the location of vessels in distress. This information can be used to coordinate search and rescue operations.
- Environmental monitoring: AIS data can be used to track the movement of ships that are carrying hazardous cargo. This information can be used to assess the risk of environmental pollution.
