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Intelligent Document Processing

Intelligent Document Processing (IDP) is a next-generation solution for extracting data from complex, unstructured documents. Unlike the technologies that came before it, IDP can handle document complexity and variation with the help of multiple AI technologies and machine learning.<br>

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Intelligent Document Processing

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  1. INTELLIGENT DOCUMENT PROCESSING

  2. What Is Intelligent Document Processing? Intelligent Document Processing (IDP) is a next-generation solution for extracting data from complex, unstructured documents. Unlike the technologies that came before it, IDP can handle document complexity and variation with the help of multiple AI technologies and machine learning. Enterprises are deploying IDP to increase process automation, which is otherwise hindered by manual data entry bottlenecks and OCR limitations.

  3. What Are Other Names For IDP? • Several names have been used to describe this category as it has emerged over the last few years. These include:  • Intelligent Document Processing (IDP) • Intelligent Data Processing (IDP) • Intelligent Data Capture (IDC)  • Intelligent Data Extraction • Cognitive Document Processing • Enterprise Cognitive Computing (ECC) Application • Machine Learning OCR or ML OCR* • *While some vendors use this term, we think it’s misleading. IDP is not an extension of OCR.  • It’s a replacement for OCR based on multiple AI technologies and a very different approach. 

  4. What Problem DoesIDP Address? IDP automates data extraction from complex, unstructured documents that drive both back office and front office business processes. Data extracted by IDP can be consumed by business systems to drive automation and other efficiencies, such as the automated classification of documents.  Accurate automated data extraction from unstructured, complex documents is difficult, if not impossible, for legacy OCR technologies because these documents do not fit predefined templates or have too much variation. Without IDP, enterprises have to manually classify and extract data from these documents. With IDP, they get a fast, low-cost, scalable alternative.

  5. Who Is Using IDP? Large and medium enterprises across industries and process types use IDP. It stands to provide cost savings and improve accuracy for these enterprises as they invest in managing their large volumes of unstructured data.

  6. Is IDP Part of Intelligent Automation or Hyper-Automation? IDP can automate the manual data entry process at the front end of an Intelligent Automation or Hyper-Automation solution. This strategy allows enterprises to automate documents with greater complexity and variation than legacy OCR can handle.  IDP helps expand the scope of your automation initiatives.  

  7. What can IDP do? IDP performs four main functions

  8. THANK YOU To know more, visit: https://www.infrrd.ai/products/intelligent-document-processing-idp-101

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