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27 January 2021: M-Files, which provides a document and content management solution, has raised US$80 to develop an AI to analyse, categorise and manage enterprise information.
Why it’s Important
There are two forces driving the destruction of traditional electronic documents and records management (EDRMS) solutions:
When combined, it becomes clear that legacy EDRMS solutions are not only incapable of providing the flexibility needed to manage enterprise information is a way that enables new ways of working, but also cannot address the ‘mess’ (really, complexity) of these work practices.
Leading EDRMS vendors are looking to leverage AI to address this ‘mess’ by:
By investing in AI, M-Files is ensuring it remains relevant and able to compete in the future of enterprise content management.
While legacy products such as TRIM (now Micro Focus Content Manager) remain in place and are being supplemented by add-on solutions (eg. Micro Focus Control Point), the future will be products with AI taking centre stage within the core information management functionality.
Organisations considering their future information management strategies must factor the disruptive impact of collaboration, including the Office 365 platform, and the ever growing amount, variety and location of information. EDRMS solutions that feature AI as a core component should be short-listed.
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