For a long time, knowledge workers have had to manually capture useful information contained in documents by transcribing it to corporate repositories.
If the reports are hardcopy, they may also have to use digitisation services to apply Optical Character Recognition (OCR) technology and produce searchable PDF-type digital files before the information is manually captured.
With the rise of Artificial Intelligence, and more specifically, Machine Learning, the capture of this valuable information is moving away from the knowledge worker and into the remit of smart, document processing algorithms.
Recent advances in pattern recognition via the use of multi-layered Neural Networks (a form of Machine Learning that mimics the human brain) are transforming the way businesses manage their data receipt. Intelligent Document Processing systems (IDP), trained using samples of the types of reports and documentation that a company may expect to receive, have the capability to find, extract and process useful information without human intervention. Once trained, the process typically involves three stages:
- Advanced document interrogation software, supported by a comprehensive suite of taxonomies, reference databases and digital glossaries, supports automated document tagging, allowing the system to identify and classify incoming documentation so that the system knows what it is dealing with, whether it’s an invoice, technical survey or operational report.
- Pre-processing OCR technology and AI-powered information extraction algorithms find and extract the useful information contained within the document.
- An enriched index of information is created from the captured information, allowing the system to utilise advanced surfacing technology such as Intelligent Search.
Intelligent Document Processing, in combination with Intelligent Search and AI-based knowledge management, is fast becoming the de facto technology for corporate data receipt. As the global Digital Transformation gathers pace and the world moves away from manual data transcription, now is the time to ensure that your business is leveraging the power of Artificial Intelligence.
Flare Information Management. Pioneering Intelligent Search.