A rather astounding 80% or more of the data that businesses create is “dark data,” meaning it’s locked in all those documents. Businesses need to unlock this, go the automation way.
The potential to automate entire business processes and eliminate human-to-human touchpoints for tasks like document processing is enormous, but whether it’s worth the effort depends on whether doing so will provide a superior experience for customers and employees alike. It’s more than just capturing data — it’s about capturing the entire workflow.
Intelligent document processing brings context and structure to the data within documents. It converts unstructured data into structured data, which can be used to increase an organization's efficiency and effectiveness.
With intelligent capture, businesses can create a 360-degree view of their data and gain critical insights into their performance.
But how does this technology leverage AI technologies like machine learning (ML), Natural Language Processing (NLP) and fuzzy logic and how is this information then organized according to business needs?
We expound on IDP as a natural progression towards advanced tech and a leading edge tool in transforming processes.
About the author
Karan Yaramada, CEO & Founder