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Iron Mountain Enhances InSight's Offering With 2 Extensions

Zacks Equity Research

Iron Mountain Incorporated IRM recently expanded its offerings under the company’s SaaS content-services platform, Iron Mountain InSight. The company has added two solutions, Iron Mountain InSight Essential Edition and Iron Mountain InSight for Mortgage and Loans, thereby strengthening its digital transformation offerings for customers. 

Both solutions are immediately available and will be demonstrated at the Google Cloud Next '19 show in London. 

Iron Mountain InSight Essential Edition will bring together all documents and information of its customer for centralized visibility and access. An easy-to-use and visual interface will enable authorized users to access, retrieve and share the required information from any location at any time. Further, it will provide a simple upgrade path to Iron Mountain InSight’s full artificial intelligence (AI)/ machine learnings (ML) capabilities. Additionally, a unified view of all information will enable companies to reduce physical documents and free up valuable workspace.

InSight for Mortgage and Loans will simplify and improve efficiency of complex processes like mortgage servicing transfers, post-close quality assurance and exception management. Further, it will place all content according to information governance policies. These will meet the financial service organizations’ needs of streamlining processes, improving accuracy and enhancing services to customers. Such advance workflows will boost an enterprise’s ability to process higher volumes, leading to elevated revenues and lower cycle times for loans.

Management believes these extensions in the platform will help customers automate high-volume physical and digital journeys, and deliver accurate results quickly.

InSight was made commercially available to organizations last October. This platform has been developed in partnership with Google Cloud, which provided cloud support, as well as AI and ML. Iron Mountain’s InSight uses unique classification techniques to sort, structure, context customers' content according to their needs. Moreover, the AI-based content analytics and visual search interface in InSight enables companies to find new revenue- and cost-savings opportunities.

Furthermore, shares of this Zacks Rank #3 (Hold) company have rallied 7.4% over the past six months compared with the industry’s growth of 5.2%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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