Unrivalled AI powered document handling and data extraction system

Projektinformationen

Archii

ID Finanzhilfevereinbarung: 856266

DOI

10.3030/856266

Projekt abgeschlossen

EK-Unterschriftsdatum 30 Januar 2019

Startdatum 1 Januar 2019

Enddatum 31 März 2019

Finanziert unter

• INDUSTRIAL LEADERSHIP - Innovation In SMEs

Gesamtkosten

€ 71 429,00

EU-Beitrag

€ 50 000,00

Koordiniert durch

ARCHII APS
Denmark

Periodic Reporting for period 1 - Archii (Unrivalled AI powered document handling and data extraction system)

Berichtszeitraum: 2019-01-01 bis 2019-03-31

Zusammenfassung vom Kontext und den Gesamtzielen des Projekts

Companies’ documents are a mess scattered across strange folder structures, on desktops or in email attachments. Why? Because ultimately document management relies on individual employees with individual preference for location and file names. The implications: endless hours wasted on documents search, huge legal risk and non-compliance.

Archii relies on AI to organize documents instead of individual employees. The disruptive solution developed by Archii ApS will revolutionize the document management process, enabling 100% reliance on AI and zero wasted human time. Archii finds and organizes cluttered documents with approximately 95% accuracy – saving endless hours of human labour. Archii identifies a document by analysing its content, irrespective of its location and filename. Moreover, Archii’s business intelligence functionality helps companies analyse and transform unstructured company data into valuable and actionable information.

Arbeit, die ab Beginn des Projekts bis zum Ende des durch den Bericht erfassten Berichtszeitraums geleistet wurde, und die wichtigsten bis dahin erzielten Ergebnisse

Technical improvements: Completed and tested the envisaged technical improvements with great success. There is nothing during this study that has led us to believe that we cannot reach our technical goals to support our commercialization strategy during a Phase-2 project.

User engagement and demonstrators: Extensive testing with end-users has confirmed our current value proposition. Most importantly, it seems that end-users perceive Archii as “automatic” and “plug-n-play” which is our core innovation.

Market and competition: Study has confirmed that the market for document and risk management is huge and that currently no competitor meets the SME demand for a plug-n-play, accurate and affordable product.

Commercialization models and pricing: “Freemium” may not be the preferred model with revised focus on slightly “larger” SMEs. We are now looking into pricing models that are more aligned with our document processing cost structure, however, balancing the need to an easy-understandable pricing model.

Phase-2 project scope: The Phase-1 project has allowed us to outline the current missing pieces for successful market entry. This has been laid down in designated Work Packages for Phase-2 project.

Fortschritte, die über den aktuellen Stand der Technik hinausgehen und voraussichtliche potenzielle Auswirkungen (einschließlich der bis dato erzielten sozioökonomischen Auswirkungen und weiter gefassten gesellschaftlichen Auswirkungen des Projekts)

Archii is taking document management to the next level by combining automatic both document discovery and document analysis enabling a fully plug-n-play product that works completely independently from tedious employee tasks (e.g. finding and organizing them with some document repository).
This will allow businesses so safe countless hours of time (avg. office worker wastes 3.5 hours/week on organizing and searching for documents), minimize legal risks (20% of all legal documents within a business are lost) and facilitate compliance (99% of all companies remain nowhere close to GDPR compliance).

Archii Concept