RecordPoint Partners with Victoria to Advance AI in Records Management

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• USA - English

MELBOURNE, Australia, July 9, 2019 /PRNewswire-PRWeb/ -- RecordPoint is pleased to announce the opening of our new Melbourne office. This office is our new Asia-Pacific headquarters. It will also be our Artificial Intelligence (AI) and Blockchain Engineering Hub.

In partnership with the Victorian government, RecordPoint plans to add 100 new employees over the next few years, investing in advanced technologies and drawing from the diverse and talented pool of Victoria's employment workforce.

As an Australian founded company, RecordPoint recognizes the importance of investing in people which enables the technology used across the globe. This investment in Victoria, its workforce, and advanced technology builds on the years of innovation RecordPoint has been acknowledged for by tech giants, and industry analysts.

Pioneer of cloud-based records management, and Gartner recognised federated data management platform, RecordPoint, is no stranger to investing in leading-edge technology. With the successful release and rollout of the second-generation platform providing governance in the cloud, advancing AI technology to simplify management across platforms will be the focus of the new Melbourne based team.

"Adding to our investments in Automated Intelligence (AI) we are excited to work with the Victorian government to open our Melbourne AI Laboratory. This will give us new capability to extract, enrich and refine data to meet the growing information challenge of today's world. We have had amazing success with creating jobs in Victoria and with the Governments investments this will just accelerate." Anthony Woodward, RecordPoint, Chief Technology Officer.

According to research firms, the worldwide records management market was worth approximately $1.5 billion in software license and maintenance revenue in 2018, an increase of 7% from 2017. The records management market is still somewhat underdeveloped. Just over 50% of organizations worldwide have implemented this technology and fewer having deployed it on an enterprise scale. The technology and the merging of records management and data management have created an even greater opportunity.

The future commercial application of machine learning classification techniques records authority generation and matching to the records management problem is significant and unsolved. Globally the market for records management is over $2B USD, with the broader Content Services market valued at over $10B USD (Gartner, 2018) while the compound rate of growth of the underlying content to be managed is estimated at over 61% YoY, and predicted to increase from 33 zettabytes in 2018 to 175ZB by 2025 (IDC, 2018).

The potential application of the technology currently in development, and in deployment, is multifold and aligned with RecordPoint's vision of reducing the complexity of Records Management. RecordPoint is proud to be leading this new wave of growth with pride in where we do it, in Melbourne, Victoria.

About RecordPoint
RecordPoint is a global records management and compliance solution provider and pioneer of cloud-based recordkeeping founded in 2009. Gartner recognized us as a cool vendor for content services in 2018. RecordPoint leads the way in the content services segment by providing organizations with the ability to manage records from across multiple services and platforms using a single, federated solution.

RecordPoint has connectors for SharePoint, OneDrive, File Shares, Exchange Online, Box, Dropbox, Google Drive, and many other applications. We demonstrate how easy retention can be with a modern, trusted cloud solution.

For More Information
Contact: Anthony Woodward
Email: anthony.woodward(at)recordpoint.com
Tel: +1 425 2456235

SOURCE RecordPoint