Heavy lifting: Why using AI for data extraction is still no easy task

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But it takes a lot of brains and money to get those processes set up and running reliably and accurately. </h2> </div> <div class="content-child two"> <figure><img src="/sites/default/files/styles/landscape_750_463/public/2024-04/GettyImages-900580808.jpg.webp?itok=ElTpeHLT" width="750" height="463" alt="" loading="lazy" /> </figure> </div> </div> </div>   <div class="content"> <main role="main" class="content-inner"> <div class="main-content"> <article class="section group article-content"> <div class="col span_1_of_5"></div> <div class="col span_4_of_5 article-col"> <div class="article-meta-container group"> <ul class="meta-taxonomy-list author-dateline"> <li class="author-dateline-image"> <a title="Max Bowie" href="/author/max-bowie"><img class="author-pic" src="/sites/default/files/styles/100x100sc/public/2018-06/Max%20Bowie.jpg.webp?h=e60df985&itok=onkkn-5J" width="100" height="100" alt="" loading="lazy" /> </a> </li> <li class="author-dateline-text"> <ul> <li class="author-dateline-name"> By <a href="/author/max-bowie">Max Bowie</a> </li> <li class="author-dateline-social"> <div class="meta-twitter"> <a class="twitter-follow" target="_blank" data-component="meta-twitter-handle" data-link-name="twitter-handle" href="https://twitter.com/MaxBowie"> <svg viewBox="0 0 15 12" height="0.813em" width="0.938em" y="0" x="0" class="twitter-icon"> <path d="M15,1.422c-0.541,0.241-1.128,0.404-1.74,0.477c0.625-0.376,1.106-0.969,1.331-1.678 c-0.584,0.347-1.235,0.602-1.924,0.737c-0.555-0.59-1.342-0.956-2.21-0.956c-1.675,0-3.03,1.354-3.03,3.028 c0,0.236,0.027,0.468,0.077,0.692C4.986,3.594,2.756,2.39,1.262,0.556C1.001,1.002,0.851,1.522,0.851,2.078 c0,1.051,0.536,1.977,1.348,2.521C1.702,4.582,1.237,4.446,0.828,4.222c0,0.013,0,0.025,0,0.037c0,1.467,1.043,2.691,2.429,2.971 C3.003,7.297,2.735,7.334,2.459,7.334c-0.196,0-0.387-0.018-0.57-0.052c0.384,1.204,1.502,2.078,2.83,2.102 c-1.035,0.813-2.343,1.299-3.76,1.299c-0.247,0-0.487-0.015-0.726-0.044C1.574,11.498,3.167,12,4.879,12 c5.571,0,8.616-4.616,8.616-8.618c0-0.13,0-0.263-0.006-0.393C14.08,2.562,14.592,2.031,15,1.422z"></path> </svg> <div class="contact"> @MaxBowie </div> </a> </div> </li> <li class="author-dateline-time"> <time datetime="2024-05-30" itemprop="datePublished">30 May 2024</time> </li> </ul> </li> </ul> <div class="tools-meta-outer"> <ul class="tools-container"> <li> <div title="Tweet" class="article-tools twitter-icon icons pos1" data-social-tracking="added"> <span title="Tweet" class="screen-reader-text">Tweet</span> <a href="//twitter.com/share?text=Heavy%20lifting%3A%20Why%20using%20AI%20for%20data%20extraction%20is%20still%20no%20easy%20task&url=https://www.waterstechnology.com/7951775" rel="nofollow" target="_blank"> </a> </div> </li> <li> <div title="Facebook" class="article-tools facebook-icon icons pos2" data-social-tracking="added"> <span class="screen-reader-text">Facebook</span> <a href="//www.facebook.com/sharer.php?u=https://www.waterstechnology.com/7951775" rel="nofollow" target="_blank"> </a> </div> </li> <li> <div title="LinkedIn" class="article-tools linkedin-icon icons pos3" data-social-tracking="added"> <span class="screen-reader-text">LinkedIn</span> <a href="//www.linkedin.com/shareArticle?mini=true&url=https://www.waterstechnology.com/7951775&title=Heavy%20lifting%3A%20Why%20using%20AI%20for%20data%20extraction%20is%20still%20no%20easy%20task" rel="nofollow" target="_blank"> </a> </div> </li> <li> <div title="Save article" class="article-sticky-tools save-icon icons pos5"> <span class="screen-reader-text">Save this article</span> <a href="#" onclick="openUserMsg();return false;"></a> </div> </li> <li> <div title="Send to" class="article-tools email-icon icons pos6" data-social-tracking="added"> <span class="screen-reader-text">Send to</span> <a target="_blank" rel="nofollow" href="mailto:?subject=Heavy lifting: Why using AI for data extraction is still no easy task&body=%0D%0A%0D%0Ahttps://www.waterstechnology.com/7951775"> </a> </div> </li> <li class="article-tool-print"> <div class="article-tools print-icon icons" title="Print" data-social-tracking="added"> <span class="screen-reader-text">Print this page</span> <a onclick="window.print();return false" href="#"> </a> </div> </li> </ul> </div> </div> <div id="rdm-below-summary"></div> <div class="article-page-body-content"><p>Data extraction and AI experts are warning that attempting to use generative AI models to parse data from public company documents such as SEC filings could prove costly and—more importantly—may not deliver accurate results. 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