How can you manage unstructured data to enable Intelligent Document Processing (IDP)? And what are the key steps to reaching automation ‘nirvana’ faster? Everest Group’s IDP Playbook reveals the key steps you need to take.
The IDP journey: 5 distinct steps to automation success
So how do you embark on your IDP journey? Everest Group’s IDP Playbook outlines the 5 key steps you should take to reach automation ‘nirvana’:
Step 1: Understand where you are
Every IDP journey must start somewhere. It’s important to take stock of where you are and where you’re heading. It starts with small steps, understanding your current state of document processing, mapping out current capabilities and being aware of the IDP technologies available, along with potential outcomes.
Step 2: Determine the business case for automation
Identify processes suitable for IDP implementation and detail the business case for the desired outcomes. If the business case does not stand up, iterate as required and identify achievable objectives.
Step 3: Ensure the right level of capabilities
Based on achievable outcomes, determine the capability levels required. It’s important to map out components of the capabilities that need to be created/achieved as part of the IDP journey.
Step 4: Find out where the roadblocks are
To be successful you need to identify what could get in the way of successful execution. Once you know that you should be able to identify the easiest and fastest route to success based on the various determinants.
Step 5: Execute on your strategy
Strategic execution of your IDP strategy should be based on your planned path. But be prepared to correct course if or when new information comes to light. Continuously monitor and seek to improve along the way.
Why adopt IDP now?
Everest Group’s IDP Playbook outlines some compelling reasons for adopting IDP, including:
Spend less time and resources on processing semi-structured and unstructured data
Improve customer/employee/partner experience
Speed the time-to market and the development of new business models
Support top-line growth
Improve accuracy, quality and speed
Enhance workforce productivity
Get the full IDP picture
To find out more, and to discover how to map your IDP Journey, download your copy of the IDP Playbook now.