Content:
- What is Intelligent Document Processing (IDP)?
- The perfect extension for DocuWare
- The benefits for DocuWare customers: Higher efficiency, lower costs
What is Intelligent Document Processing (IDP)?
Intelligent Document Processing (IDP) is a cutting-edge technology that uses artificial intelligence (AI) and machine learning (ML) to automate the processing of documents. Supplementing traditional document management systems, IDP automates the extraction, interpretation and classification of data from different types of documents such as invoices, purchase orders, contracts and many more.
One of IDP´s strengths lies in processing unstructured data. According to the International Data Corporation (IDC), around 90% of all data is unstructured. This illustrates the enormous potential that can be tapped by using IDP: Understand and process information in documents almost like a human, but with much greater speed and accuracy.
The perfect extension for DocuWare
Enabled by the acquisition of natif.ai, IDP ideally complements DocuWare's product portfolio. Its advanced recognition capabilities help to automatically identify and extract data from low-quality scans, complex and handwritten documents. This is achieved through AI-driven optical character recognition (OCR) and handwritten text recognition (HTR). With IDP, files and batch scans can be automatically separated into individual pages, eliminating the need to manually add barcodes. Documents can then be intelligently organized by content or pre-defined criteria, making it much easier to find and access specific documents.
The benefits for DocuWare customers: Greater efficiency, lower costs
By using IDP, DocuWare customers will benefit from the following advantages:
- Enhanced automation: IDP automates the document processing workflow, allowing employees to focus on more value-adding tasks.
- Improved efficiency: Automatic data extraction and classification allows organizations to process documents faster and more accurately.
- Reduced operating costs: By minimizing manual intervention, IDP helps reduce labor costs and operating expenses.
- Scalability: IDP enables scalability in document management processes through advancing organizational ability to handle increasing volumes of documents seamlessly without adding resources.
You will soon find out more about application scenarios for IDP functions, also in comparison to Intelligent Indexing, here on the DocuWare Product Blog.