The areas are: Bank Risk; Single Sign On; Fraud Detection And Prevention; Risk Management; IT Risk Management; Basel; Banking Regulations.
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Replies
I shouldn't be pronouncing on the product on behalf of the authors, and hope I don't misrepresent them, but these are my observations. The curious thing about Autonomy is the fact that it deals with unstructured information in any format and language. It employs a very sophisticated pattern matching technique to tag similar concepts and create links between elements of information, then presents them to the enquirer at the time of the question. It doesn't need a supercomputer to work -and operates on Intel platforms quite happily. from a single question in any language, it can 'discover' and link similar knowledge in all media, -video, voice, documents, images, powerpoint, media clips and even tacit knowledge from the behaviour of individuals in a community.
This means for example that it can be implemented to monitor any type of conversation within and across an organisation and identify non-compliant messages, fax images, voice, email etc.
It can discover informal teams within the workforce or connect individuals with a common interest to create teams.
naturally it isn't a silver bullet and must be used intelligently, but what is remarkable is that it is low-maintenance and doesn't need a massive capital investment in hardware, implementation time is short and the quick-wins can be huge. The application of the technology seems to be limitless, from airport video survelillane to media stream and marketing applications, not o mention cal centre and organisational leaning applications.
I have participated in some Business Intelligence and Data Warehouse implementations in big banks and indeed both data architecture and repository is very complicated. In this context I never heard about the Autonomy solution, although the name of the company is quite known to me. What makes it different from others?
Brian Henry said: