Organizations continue to invest in automating their business processes as they realize the range of benefits of implementing process automation technologies. The value of data continues to rise with increased demand for speed and accuracy in decision making. Automation technologies like RPA and Artificial Intelligence are continuing to make the processes simpler, faster and better. However, data remains the key input to all these processes and many organizations stumble in their automation attempts at the stage of collecting data. For example, processing of invoices, purchase orders, account applications, etc. require extraction of data from documents like pdf, images, etc. While some organizations have tasted limited success with OCR technologies, it has not fully solved the problem for them. OCR technologies do not entirely solve these data challenges. Best of OCR technologies provide only about 50-70% accuracy. These require 100% manual quality checks and can handle only limited types of data. The answer to these challenges resides in AI-based Intelligent Document Processing solutions, which are capable of processing unstructured or semi-structured documents with greater accuracy and are more resilient to changes.
At Bydek, as part of our Intelligent Automation suite, we create smart automation by combining the power of RPA, AI and Intelligent Document Processing to deliver end to end solutions to customers business needs. While creating an Intelligent Automation solution, the IDP component plays an important role and helps minimize the manual interventions by humans, improves productivity of the workforce and drives up the accuracy of the data used for downstream processes. Through our unique solutions, our customers are able to accurately identify data inside tables, paragraphs, bullet points, etc. in documents and convert these pieces of unstructured data into standard date sets that can be automatically fed to your systems for further processing.
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