Why Does The World Need Another Computer?

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What are the building blocks to build an app that can automatically verify income from these submitted submitted docs in a fraction of a second?

What are the core building blocks for business applications?

Instabase was founded on this core fundamental question:

Today, on your smartphone you have an app store where you can find a dozen apps to have food delivered to your door, but we don’t have an app store where a large enterprise, like a bank, can find an app for income verification, or where an insurance company can find an app for processing claims. Every such application is custom built. We should wonder — why?

While the idea of such an app store is appealing, it’s important to note that there is no real app store without good apps, and there can’t be good apps without good tools and good building blocks. Think of the iPhone: what made the app store successful was the underlying building-blocks and tools that iOS provided – Camera, Location, Phone, etc. – which developers and creators could use to build new apps such as Instagram and Uber. The reality is, all of these elements existed before iPhone; the value of iPhone wasn’t that it had Phone, or Camera, or GPS, or Maps. The value of iPhone was that it introduced iOS, which abstracted these as building blocks that developers and creators could use to build the next era of iOS apps.

The desktop, still an important interface for business applications, never built similar building blocks for businesses. For example, it’s still very hard for a bank to quickly build an app which can automatically verify a customer’s income in a fraction of a second by combing through documents such as camera pictures or scans of paystubs, tax documents, bank statements, and other similar documents submitted by the customer.

Why is that? What are the key building blocks for building such an application? What if a set of building blocks for reading documents, data extraction and classification, natural language processing, and optical character recognition were available in an operating system? Would creators, developers, and organizations use those to build an app for income verification?

Think of the iPhone: what made the app store successful was the underlying building-blocks and tools that iOS provided – Camera, Location, Phone, etc. – which developers and creators could use to build new apps such as Instagram and Uber.

What does it take for a bank to have an app store like this?

 

Are these the right building blocks for business applications?

Instabase is on a mission to fix that.

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To rethink the way we use apps.
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To use apps in unexpected ways.
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To use building blocks to build business applications.
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To empower innovators.
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Like an erector set, Instabase is a toolkit.

Instabase is a platform with a suite of toolkits. Think of it like an erector set — a simple collection of pulleys, gears, and levers that can be transformed into complex machines. Instabase provides a powerful set of services and toolset for creators, developers, and organizations to build complex business applications based on their needs. It’s like how iPhone made Camera, Location, Phone, etc. building blocks in iOS, which enabled developers and creators to build new apps such as Instagram and Uber.

Instabase is designed for open development – one business’s solutions can be another business’s building-blocks. As companies add solutions to the platform, it becomes much more than just a collection of pluggable tools. Like the erector set, its highest purpose is conceived not by its creator but by its users.

The Future
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Now what’s next?

Today, Instabase is helping companies streamline and automate their most complex processes. Tomorrow, the platform will facilitate the development of entirely new processes. And a couple years from now? Who knows what people will build with it. Maybe you’ll find Retail Lending or Trade Finance in the app store.

Platform

Learn more about our robust platform. It provides powerful building blocks, and you can also build your own.

Learn More
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Data Classification & Extraction
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Natural Language Processing
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Optical Character Recognition
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Build Your Own