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The rise of non-traditional competition from BigTech and other emerging industries has forced financial services organizations to re-evaluate the processes and systems they use to manage information.
The rise of non-traditional competition from BigTech and other emerging industries has forced financial services organizations to re-evaluate the processes and systems they use to manage information. Inefficiencies in traditional content delivery systems adversely affect all aspects of business profitability: customer retention, share of wallet, and market share. With AIIM reporting that 76% of organizations are unable to quickly find the information needed to perform daily business functions, modernization of information systems has become critical for every financial services organization that wants to stay competitive in a rapidly changing technological landscape.
Many existing enterprise applications are built on monolithic legacy technologies. Expensive to maintain and requiring significant lead time to deliver value, the valuable technologies of yesteryear have become a virtual anchor weighing organizations down. In a digital world where customer expectations are rising with each passing year, these systems can no longer meet the operational needs of businesses ... nor the customers they serve. Financial services organizations must rapidly modernize their outdated systems - or face the consequences of losing customers to the competition. Luckily, modernization doesn't have to be a painful process.
The Iron Mountain InSight® (InSight) delivers an agile solution that addresses the needs of today's financial services organizations. With an open source and cloud- native foundation, InSight leverages technologies such as artificial intelligence (AI) and machine learning (ML) to deliver an agile and flexible platform that paves the way for firms to rapidly and strategically modernize their information systems.
We deliver next-generation technology and methodologies to maximize the value of your existing Enterprise Content Management (ECM) infrastructure and legacy applications where your invaluable information resides. With InSight, it's faster and easier than ever to modernize operations, fuel the customer experience, and future- proof information systems.
The Iron Mountain InSight Content Services Platform unifies and extends the use of digital information across the enterprise with a solution developed for the modern era. InSight was designed to fit the needs of today's financial services organizations, modernizing their operations and transforming the way they:
Our Connect + Consolidate approach reflects the needs of today's modern organizations. We enable firms to maximize the value of current IT investments and minimize business disruptions, while strategically modernizing for the future.
Connect the InSight platform to your existing legacy applications and disparate content systems to unify your information into a centralized access hub to view, manage and use valuable content.
The advantages of connecting systems with InSight include:
Consolidate systems and repositories at your own pace as more information routes through the InSight platform and outdated applications become increasingly obsolete. When the time is right, move data and content from expensive legacy applications to InSight (or any other repository) without impacting end users.
The advantages of consolidation with InSight include:
InSight delivers a modern, connected, and personalized solution for delivering value throughout the organization. These three building blocks are the cornerstones of modernizing information management applications.
This paper covers the use of artificial intelligence (AI), particularly generative AI, in law firms.