Data is the cornerstone of most businesses. This has led to more data being generated in the last two years than during the entire human history. Today, 80% of a business’ data is embedded in unstructured formats. One of the biggest challenges many businesses are facing is utilizing this unstructured data in a smart way. This includes documents such as emails, PFDs, scanned images, online forms, receipts, and more. That's where Intelligent Document Processing (IDP) comes in.
As the name suggests, IDP is about processing documents (data) in an intelligent way that helps businesses to capture, extract and process data from these unstructured and semi-structured documents and turn this into usable data. This usable data is then used in a workflow that integrates the data with the systems (ERP, CRM, Portals,...). An IDP tool is preferably used with an automation/integration platform that is able to manage the exceptions and different business rules. The different sub-technologies used for IDP are Artificial Intelligence (AI), Machine Learning (ML), Optical Character Recognition (OCR), Computer Vision and Intelligent Character Recognition (ICR).
The benefits of IDP:
Together with our technology partners, we provide Intelligent Document Processing tools that bring incredible digital solutions.
Supercharge Swift's Intelligent Automation journey with Process Mining.
and transform your business to tackle the digital age more efficiently.