The surging demand for processing data from documents is driving organizations to implement Intelligent Document Processing (IDP) to reduce cost, increase productivity and improve customer experiences. Financial services is the key industry that benefits from IDP.
Everest Group defines Intelligent Document Processing (IDP) as any software product or solution that captures data from documents categorizes and extracts relevant data for further processing using AI technologies. These solutions are typically non-invasive and can be integrated with internal applications, systems and other automation platforms.
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