Managing Unstructured Data for ESG Reporting
A Conversation with Element22
It is estimated that 80% of the world’s data is unstructured. Unstructured data cannot be easily sorted and labeled, and the data points you are looking for can be buried within invoices, contracts, emails, reports, and other documents. Because manually capturing unstructured data from these documents has proven time consuming and tedious, Automation Hero’s intelligent document processing (IDP) technology has proven a natural solution for extracting unstructured data and turning it into useful, actionable data.
While the uses for extracting unstructured data are countless, Automation Hero’s partner Element22 has found a use for it in Environmental, Social, and Governance (ESG) reporting and compliance. Many of the data points that financial institutions and investors look for when evaluating a company’s ESG are found on its website or in its annual report in formats that are not easy to find. Element22 has turned to IDP to read the documents, extract the data, and input into its own platform to compile ESG-related data for a given company.
June 28, 2022, Automation Hero’s Global VP of Sales, Matt Sturges, led a fireside chat with Mark Davies, Parter at Element22 as part of the 2nd Annual IDP Solutions Showcase. They discussed the importance of ESG reporting, and why Element22 relies on Automation Hero’s technology for extracting unstructured data to be used in ESG reports.
The following is a recording of the discussion, which includes a demo of Element22’s solution:
Please contact Automation Hero or Element22 to continue the discussion about IDP and ESG reporting.