Intelligent Document Processing (IDP) solutions aim to take unstructured, partially structured, and semi-structured data and convert it into usable information. An effective digital transformation is centered around business data.
The vast majority of this business data exists in unstructured states such as virtual documents (PDFs, spreadsheets, etc.), paperwork, images, emails, and other business documents. 80% of business data exists in these unstructured formats.
IDP is one of the fundamental technologies amongst the newest generation of automation solutions. Intelligent processing can aggregate, export, and move data in a multitude of document formats and presentations. Deep Learning, Machine Learning (ML), Natural Language Processing (NLP), and Computer Vision are some of the leading AI technologies that IDP uses to read, extract, classify, authenticate, and process data.
What are the functions of IDP?
Document Classification via AI
Data Extraction
Domain Specific Validation
Enhanced Validation
Human-in-the-Loop Validation
Intelligent Document Processing (IDP) solutions aim to take unstructured, partially structured, and semi-structured data and convert it into usable information. An effective digital transformation is centered around business data.
The vast majority of this business data exists in unstructured states such as virtual documents (PDFs, spreadsheets, etc.), paperwork, images, emails, and other business documents. 80% of business data exists in these unstructured formats.
IDP is one of the fundamental technologies amongst the newest generation of automation solutions. Intelligent processing can aggregate, export, and move data in a multitude of document formats and presentations. Deep Learning, Machine Learning (ML), Natural Language Processing (NLP), and Computer Vision are some of the leading AI technologies that IDP uses to read, extract, classify, authenticate, and process data.
What are the functions of IDP?
Document Classification via AI
Data Extraction
Domain Specific Validation
Enhanced Validation
Human-in-the-Loop Validation
IDP enhances business processes by making all data accessible
The volume of data in organizations hold is constantly expanding
According to studies conducted by ten International Data Corporation, worldwide data is projected to surpass 175 zettabytes in just a few short years. This data is siloed in paperwork, text messages, PDFs, tools, widgets, and emails. When all these data sources are prevented from easily interacting, it becomes a big stopper for automation and thus prevents true digital transformation.
IDP enhances business processes by making all data accessible
The volume of data in organizations hold is constantly expanding
According to studies conducted by ten International Data Corporation, worldwide data is projected to surpass 175 zettabytes in just a few short years. This data is siloed in paperwork, text messages, PDFs, tools, widgets, and emails. When all these data sources are prevented from easily interacting, it becomes a big stopper for automation and thus prevents true digital transformation.
Intelligent Document Processing deciphers unstructured data sources
This is an often-overlooked aspect of RPA. At a high enough level anything can sound simple such as “Deliver widget to customer”. As we saw in the example above there are multiple steps involved in completing the transaction. This can be further exacerbated by something as simple as orders coming from multiple locations (email, fax, direct, etc.). Many organizations hope for a silver bullet in which an outside firm comes in and automates systems without any involvement from their employees. This simply isn’t the case as the process must be defined and reviewed by those performing the actual work.
Intelligent Document Processing deciphers unstructured data sources
This is an often-overlooked aspect of RPA. At a high enough level anything can sound simple such as “Deliver widget to customer”. As we saw in the example above there are multiple steps involved in completing the transaction. This can be further exacerbated by something as simple as orders coming from multiple locations (email, fax, direct, etc.). Many organizations hope for a silver bullet in which an outside firm comes in and automates systems without any involvement from their employees. This simply isn’t the case as the process must be defined and reviewed by those performing the actual work.
RPA and AI go hand in hand
IDP and RPA work best in tandem and simplify the digital transformation cycle. These two can seamlessly integrate both of these technologies with organizational processes. APIs, integrations, and multi-cloud features make these tools ideal for scaling.
RPA and AI go hand in hand
IDP and RPA work best in tandem and simplify the digital transformation cycle. These two can seamlessly integrate both of these technologies with organizational processes. APIs, integrations, and multi-cloud features make these tools ideal for scaling.
Optimization of Processes
Automating end-to-end process automation and enhancing document-centric processes boosts efficiency
Intuitive Structure.
Easy adoption and implementation increases speed to market
Acceleration Reaching Targets.
Goals, such as improving client relations, are supported by the benefits of process automation
Expense Reduction.
The optimization process has direct cost savings associated with using and encrypting data
Diminish Errors
AI and ML drastically decrease margins for errors
Speed Up Automated Transactions
Automation removes the need for a manual or supervised process by increasing opportunities for straight-through processing (STP).
Optimization of Processes
Automating end-to-end process automation and enhancing document-centric processes boosts efficiency
Intuitive Structure.
asy adoption and implementation increases speed to market
Acceleration Reaching Targets.
Goals, such as improving client relations, are supported by the benefits of process automation
Expense Reduction.
The optimization process has direct cost savings associated with using and encrypting data
Diminish Errors
AI and ML drastically decrease margins for errors
Speed Up Automated Transactions
Automation removes the need for a manual or supervised process by increasing opportunities for straight-through processing (STP).
Organization members are granted the benefits of automation and can quickly adapt IDP toolson their own
An automation strategy is only as good as the data it has. The more data an organization has access to, the more effective its automation can be.
RPA is heavily reliant on data extraction to run efficiently. In many cases, RPA relies on a third party to conduct data extraction. Having this process siloed result can quickly create bottlenecks and effects in avoidable costs. Data extraction is a significant barrier to automating manual processes. By having IDP work within RPA, the methods can synchronize and produce end-to-end automation.
Normalize data extraction and rapidly expand scale-up document processing instances throughout your organization
Machine learning allows bots to modify, upgrade, and enhance processes through analysis of historical output
IDP tools embedded in RPA systems have a simplified setup process and are much more agile and smift than other setups
Supervised Learning in conjunction with straight-through processing (STP) increased efficiency as the cycles progress
IDP implement data extraction across the board. Both structured and unstructured data can be converted into usable information
Custom and templatized IDP solutions make start up a breeze, and the application of these tools is user friendly
A user-friendly use case library helps users decipher how they can implement IDP for various processes and scenarios. RPA with embedded IDP can provide these resources, which empower users and increase digital transformation practices.
Python scripting and other forms of custom coding allow developers and other tech admin to tailor AI workflows to varying needs of organizations
Enterprises can quickly scale RPA native software with IDP for company-wide use
Plug and play tools, such as Optical Character Recognition, are enhanced with Odesso's strategic partnerships, resulting in easy customization
Organization members are granted the benefits of automation and can quickly adapt IDP toolson their own
An automation strategy is only as good as the data it has. The more data an organization has access to, the more effective its automation can be.
RPA is heavily reliant on data extraction to run efficiently. In many cases, RPA relies on a third party to conduct data extraction. Having this process siloed result can quickly create bottlenecks and effects in avoidable costs. Data extraction is a significant barrier to automating manual processes. By having IDP work within RPA, the methods can synchronize and produce end-to-end automation.
Normalize data extraction and rapidly expand scale-up document processing instances throughout your organization
Machine learning allows bots to modify, upgrade, and enhance processes through analysis of historical output
IDP tools embedded in RPA systems have a simplified setup process and are much more agile and smift than other setups
Supervised Learning in conjunction with straight-through processing (STP) increased efficiency as the cycles progress
IDP implement data extraction across the board. Both structured and unstructured data can be converted into usable information
Custom and templatized IDP solutions make start up a breeze, and the application of these tools is user friendly
A user-friendly use case library helps users decipher how they can implement IDP for various processes and scenarios. RPA with embedded IDP can provide these resources, which empower users and increase digital transformation practices.
Python scripting and other forms of custom coding allow developers and other tech admin to tailor AI workflows to varying needs of organizations
Enterprises can quickly scale RPA native software with IDP for company-wide use
Plug and play tools, such as Optical Character Recognition, are enhanced with Odesso's strategic partnerships, resulting in easy customization
428 E Thunderbird Rd, #716, Phoenix, AZ 85022, USA
| (323) 807 6590 | © 2024 Odesso, Inc. All Rights Reserved
