Today we're diving into the exciting topic of Intelligent Document Processing (IDP) and how it can enhance business processes.
Let’s discuss what are the latest trends in IDP that businesses should be aware of.
IDP, or Intelligent Document Processing, is an emerging technology that can help businesses streamline their document processing workflows. It utilises the power of AI-enabled technologies. 96% of organisations believe that automating document-driven processes is crucial for achieving digital transformation and improving overall business efficiency.
The first trend we're seeing is the integration of Artificial Intelligence (AI) and Machine Learning (ML) in IDP solutions. These technologies enable automated data extraction and classification, leading to higher accuracy and faster processing times. Businesses can leverage AI and ML algorithms to continuously learn and improve their document processing capabilities.