Intelligent Document Processing (IDP) is a method of automating data extraction, analysis and processing that combines Artificial Intelligence (AI) techniques, like machine learning and Natural Language Processing (NLP), with tools like Optical Character Recognition (OCR) to keep human intervention to a minimum. For any company dealing with large quantities of information, finding an effective IDP solution is a great opportunity to improve process efficiencies, reduce costs and increase margins.
However, the market for IDP is largely dominated by solutions offering capabilities to process structured and semi-structured documents like invoices or customer onboarding forms. Processing more complex documents like insurance policies or content such as social media posts is still an emerging market because of the difficulty for legacy systems to understand the subtleties of human language.
Download this white paper to understand how a new breed of IDP solutions can efficiently and accurately process unstructured text, enabling new operational efficiencies in terms of time savings and increased responsiveness.
