Who?
Lukasz Malicki, an ex-Roche data scientist and CEO of Docmatic, which created DocMatch, is bringing the product to the UK from October 14th.
Why?
DocMatch addresses the challenge of businesses spending approximately 30% of their time locating crucial data during the week.
What?
DocMatch is an AI tech designed to cut down on valuable time when running a business. The solution aims to help companies, large and small, and individuals to compare contracts, agreements, studies, reports, essays, scientific or news articles, policies, legislations and terms. Initially available as a Google Plugin, a SaaS option suitable for any document will follow at the end of October. DocMatch will remain free for students, universities and not-for-profits.
How?
It analyses the similarity between documents, stored on a company’s Google Drive, extracting the meaning of every paragraph and clause, inspecting each sentence’s internal structure and dividing it into phrases of distinct logical sense. It aims to allow users to find corresponding fragments of the same intended meaning in compared texts, even if they are written with entirely different styles and wording. It then delivers a detailed report on the most similar counterparts found for every clause: for example, omitted or repeated sentences, and most importantly, information on which provisions were added, removed or redacted and how their meaning changed.
Where?
Docmatic was established in Cracow, Poland in 2018.
They say:
Malicki: “We believe UK businesses and students alike will embrace DocMatch, as it can be used by anyone wanting to ensure the integrity of legal or political documentation, anti-plagiarism for an essay, and much more.
“Using DocMatch, users will save time and get the job of two clients done in the time of one. We look forward to helping the UK tackle a problem that has probably been under-reported and saving them thousands in terms of hours and potential costs associated with incorrect documentation.”
Launching: Kompozable – delivering data solutions for enterprise