Kanverse.ai, with its Moonstone release, provides an option to integrate its Intelligent Document processing product (IDP) suite with OpenAI/ChatGPT, which in turn uses an advanced Large Language Model (LLM). The future of IDP is here and now!
What are LLMs?
"Large Language Models" is a term used to describe advanced Artificial Intelligence (AI) models, such as GPT-3 and GPT-4 (that power OpenAI/ChatGPT). What makes these large language models highly efficient is that these models have been trained on billions (GPT-3) and trillions (GPT-4) of data points. They are now beginning to be integrated across Enterprise applications.
What is Intelligent Document Processing (IDP)?
Intelligent document processing (IDP), on the other hand, enables the digitization of document processing for enterprises from ingestion, classification, extraction, and validation to filing. Kanverse.ai, for example, not only uses a patented multi-stage AI engine comprising of Computer vision, Fuzzy Logic, Natural Language Processing, and Machine learning to extract the documents with a very high extraction accuracy of up to 99.5%, it validates the extracted data against pre-fetched data from systems of records, looks for potentially fraudulent transactions using AI/ML and after validation utilizes its in-built workflow engine to file these documents into systems of records and other third party systems as needed.
How does OpenAI/ChatGPT integration with IDP change the game?
With LLM integration in place, an IDP offering is capable of handling many use cases mentioned below and others that have not been enumerated but now are in the realm of possible:
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Unstructured document Processing
- OpenAI/ChatGPT can help extract keywords with different semantics from free-flowing documents like emails and contracts.
- ChatGPT helps improve data extraction accuracy substantially by correcting any errors in the extracted text.
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Conversational Intelligence and Analytics
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LLM models underlying OpenAI/ChatGPT are adept at creating succinct takeaways/summaries from long documents (for example, contracts). These summaries can now be easily created.
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Responding to natural language queries about critical business information about Contracts, Agreements, and Emails becomes a breeze with this integration.
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Language Translation
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OpenAI/ChatGPT is also skilled at language translation between 95 languages known to it. For example, documents in Japanese, Mandarin, Arabic, Hindi, and Thai can now be translated from one language to the other easily.
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Improved document/content understanding is enabled by these advanced LLMs.
Kanverse.ai is now delivering to its customers the most advanced AI-based IDP offering in the industry. By adding LLM integration to its patented multi-stage AI engine, it enables powerful new functionalities to process unstructured, semi-structured, and structured documents at a fraction of the cost and in a matter of seconds.
Author
Dr. Akhil Sahai
Chief Product Officer – Kanverse.ai