LUMOS Prescience Decision Solutions November 22, 2022

SPOTLIGHT ON DARK DATA
Lumos works by analyzing and processing text using NLP based ML and AI techniques. As it uses ML and AI, the solution is agnostic to formats and can process native as well scanned documents in low resolutions.

MAKING DATA MORE HUMAN

Making Sense of Dark Data

Over 80% of enterprise data is unstructured, even more so in financial Services. This data can provide qualitative insights into what’s truly happening within the enterprise. LUMOS addresses the Dark Data challenge and helps process, extract and understand text data. The text can be in the form of native or scanned documents or other forms like social media sites, web pages, Word, Excel, PowerPoint or any such formats.

LUMOS Components
 Use Cases
 Case Studies
  • Processing of Official Documents - Purchase orders, invoices, gate passes, legal contracts, etc.
  • Research Workbench - Processing and search for internal and external unstructured data
  • Customer onboarding and KYC for banks and financial institutions - Automatic scanning of KYC documents, analytics on submission documents for underwriter support, etc.
  • Bank KYC process - We helped the bank extract data out of bank statements and other documents submitted by the loan applicant.
  • Contract Terms Extraction From Legal Contracts - We helped a firm extract contractual terms from several hundreds of their legal contracts.

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LUMOS – AI and ML powered solution to address dark data challenge
LUMOS helps enterprises extract meaningful information from various unstructured data sources such as text, image, audio, and video files. It possesses the capability to process multiple formats at scale and is agnostic of the source that the data is emanating from.
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