Data, data, data—it is the currency today, and according to IDC, around 1.5 petabytes of content is created daily. That number is expected to balloon by 40 percent in the next decade due to the growing number of online enterprises and Internet users, while the number of B2B transactions is due to hit 450 million by 2020.
As a result of the proliferation of information all around us, we’re entering a time of data chaos which is costing businesses precious resources, time and effort when trying to locate exactly what we need, quickly and accurately. Enterprise owners have to navigate troves of old documents in varying data caches, while also keeping up with the latest in file technology, which is constantly shifting to accommodate growing storage needs. This is becoming harder when we also consider that the number of IT professionals will grow by a factor of 1.5X at the same time that the rate of file creation is 75X! It is no surprise if you feel like you are drowning in data.
In response to the needs of businesses deluged with content, Adlib has pioneered a new technology that is aimed at radically simplifying businesses’ content processes. In the 90’s, technology helped you find what you needed through indexing, but we didn’t always find what we were looking for because it depended heavily on manual processes. In the 2000’s, full-text indexing let’s us search within our documents which would eliminate the need for manual indexing but now our systems return too many results. It has become difficult to impossible to determine what is relevant, current or even accurate. Adlib enables organizations to identify what they have, what they should keep and discard what they should not. It also assists in managing this data by identifying and exposing the important facts and data that is hidden within unstructured content that may be scattered across the organization.
Adlib has humble beginnings: two engineers who built factory production processes and machinery to focus on lean manufacturing techniques, much like how startups depend largely on agile workflows. The pair saw that data chaos was going to become a significant hallmark of the Information Age, and wanted to apply their experience to helping companies manage their data infrastructure.
Today, that foresight has propelled Adlib to the global forefront of software that supports enterprise content management (ECM) systems, filling an industry need for workflow solutions that could help save thousands, if not millions of dollars annually.
“There are so many ways information is coming to us, we have to go digital because we are running out of room,” said Jeff Brand, a senior consultant with Adlib.
One of the biggest issues Adlib solves is the risk and tediousness of moving between different file formats while still retaining document integrity so that critical data is exposed, while redundant, obsolete and trivial data are identified to be defensibly disposed of. Once identified, critical data can be compressed by about 60 to 90 percent so that it is easily transferrable, mobile compatible, while also leaving a smaller footprint.
Adlib’s software boasts ultra flexibility, allowing users to standardize documents across over 400 different file formats through the use of their state-of-the-art automated transformation tools. Furthermore, the software can also turn PDFs into searchable text, with extremely high accuracy and throughput, using their Optical Character Recognition (OCR) capability.
Adlib’s high performance document migration software has made them a critical component with companies working in highly regulated industries, like pharmaceuticals and banking, where rigour and specificity in documentation are non-negotiable.
Adlib is a strategic partner to global household names in life sciences, banking and insurance, energy and engineering, and numerous government agencies worldwide.
“The Adlib team had the right combination of business and technical expertise that we required,” remarked one customer in oil and gas. For this project, Adlib and one of its partners had succeeded in migrating nearly a million high-value documents containing critical chemical research information into new systems within just two months.
“I watched with enthusiasm as Adlib and their partner drove this over the finish line. I’ve also seen significantly increased awareness of our senior managers within the R&D, Planning and IT organization of the capability for long-term data archiving and searching,” the client said.
Adlib’s offering is aimed at helping companies scale their capture, conversion and classification projects quickly and effectively through their modular software, now available by subscription and in the cloud. Their platform is highly scalable and is able to work with a few thousand to a few million documents a day, thus solving data transformation challenges. Adlib is also highly available and extensible: Adlib is designed to work with existing ECM systems and integrate with other software.
Adlib is focused on helping companies make an effective transition into the digital age by making their transformation as seamless as possible. The firm is committed to continuing to deliver a reliable and scalable tool to help users take control of their content, and make meaningful decisions about their digital transformation and the value that it uncovers.