IDP - Intelligent Document Processing

Effective processing of documents requires the ability to use OCR (Optical Character Recognition) and other techniques to extract the data contained on a page so that it is available for business processing.

Recognising the text and its context is essential for an automation to add real value to a business.

Accurate extraction offers the potential for “Straight Through Processing” (STP). That is an automation when no manual work is involved.

Artificial Intelligence (AI) can be deployed to interpret the text extracted from the document.

By implementing a process with a feedback loop, Machine Learning (ML) can be included. Overtime ML can improve the ability of the AI to successful identify the extracted data.