Organisations are dealing with multiple types and volumes of data and more than 80-85% of it is in unstructured or semi-structured format. Applying RPA to these data sets results in automation failure and fatigue. Resolving this data challenge to enable Straight-Through-Processing is key to an enterprises’ Intelligent Automation success.
Outdated Optical Character Recognition (OCR) technologies are not fit for purpose to resolve these data challenges. OCR would provide 50-70% accuracy, require 100% manual Quality Control and is limited in its ability to deal with different types of data. These requirements can only be addressed by AI-based IDP solutions, which are capable of processing unstructured or semi-structured documents with greater accuracy and are more resilient to changes.
IDP software solutions like AntWorks’ Cognitive Machine Reading (CMR), a Leader in Everest Group’s PEAK Matrix™, blend the power of AI technologies to efficiently process all types of documents and curate data before feeding into downstream applications.
Key benefits of IDP solutions include:
AntWorks has a data-driven Integrated Automation Platform (IAP) approach combining Data Curation and Digital Workforce Management. With this experience and Everest Group’s research we present a unique practical framework to guide enterprises on successful strategies for adopting, scaling, and extending the scope of automation using IDP solutions. Download your complimentary copy now.