Everest Group Research: Intelligent Document Processing (IDP) Playbook
Organisations deal 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Outdated Optical Character Recognition (OCR) technologies are not fit for purpose to resolve these data challenges.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.
The benefits of IDP include:
Faster turnaround times due to increased straight-through processing
Improves accuracy with minimum manual intervention
Increases productivity and efficiency of digital & non-digital workforce
Download your copy of the report today and discover how IDP can transform your document laden processes into a faster, more productive organisation