IDP is a rapidly evolving market combining established technologies with those that are relatively new. IDP’s incorporation of AI-based technologies has transformed Document Capture from merely digitizing documents to automatically digitizing the structured business information residing inside them. The addition of such cognitive capabilities, combined with the increased proliferation of cloud-based systems, has resulted in the rapid evolution of the features, solutions, and commercial aspects associated with such solutions
IDP starts with the electronic capture of documents. This step is immediately followed by their categorization and the subsequent extraction of the structured business information that resides within them. This process exploits Optical Character Recognition (OCR) and AI technologies such as computer vision, Natural Language Processing (NLP), and machine/deep learning.
In this session, Anil Vijayan, Vice President - Everest Group and Sajesh Gopinath, General manager – UST SmartOps™, will explore:
• The difference between IDP and OCR engines
• The role of IDP within your digital transformation journey.
• Common trends, and use cases, across various industries, such as finance, retail, etc...
• Things you should keep in mind when embarking on an IDP automation.
• Best practices for when deploying IDP into production