Brainware Expands Active Patent Portfolio

New Innovations Support Brainware’s Visions for Automation

December 5, 2011, Ashburn, VA—According to a recent Gartner report (“Gartner’s Top Predictions for IT Organizations and Users, 2012 and Beyond: Control Slips Away”), it is predicted that data will grow 800% in the next five years, with 80% of it being unstructured. Furthermore, more than 85% of Fortune 500 organizations are expected to fail to effectively exploit big data for competitive advantage in that period. The report notes, “collecting and analyzing the data is not enough—it must be presented in a timely fashion so that decisions are made as a direct consequence that have a material impact on the productivity, profitability or efficiency of the organization.”

In an ongoing commitment to addressing the most difficult challenges in management of unstructured information, Brainware, Inc. has announced that the portfolio of patented technology underlying its software has increased to 20 issued patents and 40 additional pending patent applications. These technologies help Brainware provide the world’s best companies with science-driven business applications that enable them to process unstructured information more efficiently, faster and with fewer errors than other commercially available solutions.

The patented technologies that underpin Brainware Distiller and Globalbrain solutions include proprietary methods for neural-network based document classification, context-based data extraction and an associative memory-based N-gram statistical method for search. The approaches are inherently document-agnostic and language independent, making them effective for use in myriad applications and business processes. Brainware has excelled in applying Distiller and Globalbrain for Purchase-to-Pay, Order-to-Cash, Remittance Processing, Mailroom Automation and many other applications, using the same core technologies.

“Having devoted more than $100 million towards research and development of its core technologies, Brainware offers complex businesses the tools they need to tame the overwhelming realities posed by big data,” said David Luzier, Chief Technology Officer at Brainware. “Freeing users from need to specify keywords, anchors, zones, templates and other IT-intensive methods, our scientists have come up with new ways that are more powerful, flexible and easy to use. As the name ‘Brainware’ implies, we’ve made it a mission to invent new ways of handling the most complex types of information, supporting and even replacing tasks that are necessarily manual today.”

In a recent study on Global Trends in Automated Data Capture, Brainware Distiller emerged as the market share leader for intelligent data capture.