CAMBRIDGE, England and SAN FRANCISCO, June 28 /PRNewswire-FirstCall/ -- Autonomy Corporation plc (LSE: AU. or AU.L), a global leader in infrastructure software for the enterprise, today announced that the Bank of Brazil (Banco do Brasil S.A.) is using Autonomy's Meaning Based Computing platform, IDOL, as part of a strategic initiative to provide employees with faster access to the company's abundant data sources. Autonomy's Intelligent Data Operating Layer (IDOL), which indexes multiple sources of data distributed throughout the bank's global locations, increases productivity and improves customer service by accelerating internal processes.
Bank of Brazil, founded in 1808, is the largest financial institution in Brazil and one of the oldest banks in the world. The Bank is a leader in many areas including mobile banking services, assets, export exchange, asset management and total deposits. Serving all segments of the financial market with millions of clients in more than 3,000 cities in multiple countries, Bank of Brazil strives to ensure that its hundreds of thousands of employees are equipped with the best technology to maximize productivity.
Prior to Autonomy, it could be a daunting task for a bank employee to be able to find the right document in a matter of moments to serve a customer. Bank of Brazil found that Autonomy's IDOL Search Platform – which intelligently understands concepts in context – could reduce the time spent looking for information and boost user productivity. By uniquely understanding the value and meaning within documents, IDOL can more quickly and intelligently pull together the correct items a user is searching for. The reduction in time spent searching for accurate information allows employees to be more efficient and provide customers with faster and superior service.
Autonomy IDOL performs conceptual and contextual analysis and probability matching on information to find the meaning within and the inter-relationships between disparate pieces of content. This unique approach allows employees at global organizations to find and access the most pertinent content, irrespective of languages, operating systems, and file types. By supporting more than 1,000 different data formats, including structured, semi-structured, and unstructured data, across 400 different content repositories, Autonomy can search all categories of information in an organization. IDOL is fault-tolerant using load balancing and mirroring, highly scalable, secure, and has sub-second performance on billions of files.
"Bank of Brazil is a fast-growing and highly regarded financial institution," said Mike Lynch, CEO of Autonomy. "They understand the difference innovative and superior technology makes when supporting such a large and complex organization as theirs, with hundreds of thousands of employees and millions of clients. The Bank of Brazil is a perfect example of the power of Meaning Based Computing at work, where IDOL's scale, speed, and unique understanding of all forms of data enable the bank to operate efficiently and continue to deliver superior customer service."
Autonomy Corporation plc (LSE: AU. or AU.L), a global leader in infrastructure software for the enterprise, spearheads the Meaning Based Computing movement. Its suite of meaning-based products provide the platform upon which industry leading financial services companies are building and consolidating their most critical systems. Autonomy's technology allows computers to harness the full richness of human information, forming a conceptual and contextual understanding of any piece of electronic data, including unstructured information, such as text, email, web pages, voice, or video. Autonomy's software powers the full spectrum of mission-critical enterprise applications including pan-enterprise search, customer interaction solutions, information governance, end-to-end eDiscovery, records management, archiving, business process management, web content management, web optimization, rich media management and video and audio analysis.
Autonomy's customer base is comprised of more than 20,000 global companies, financial institutions and insurance agencies including: AOL, Banco de Espana, BAE Systems, BBC, Bloomberg, Boeing, Citigroup, Coca Cola, Daimler AG, Deutsche Bank, DLA Piper, Ericsson, FedEx, Ford, GlaxoSmithKline, Lloyds TSB, NASA, Nestle, the New York Stock Exchange, Reuters, Shell, Tesco, T-Mobile, the U.S. Department of Energy, the U.S. Department of Homeland Security and the U.S. Securities and Exchange Commission. More than 400 companies OEM Autonomy technology, including Symantec, Citrix, HP, Novell, Oracle, Sybase and TIBCO. The company has offices worldwide. Please visit www.autonomy.com to find out more.
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SOURCE Autonomy Corporation plc